• Table 22: Average operating expense ratios, by fund size

    This table shows average SMSF operating expense ratios by fund size. The operating expenses of an SMSF are calculated by summing various deduction labels from its income tax return. The total is then compared to its average assets to get a ratio of expenses to assets.

    These figures are estimates based on SMSF annual return form data.

    Average operating expense ratio, by fund size, by year
    Fund size 2008 2009 2010 2011 2012

    $1–$50k

    6.27%

    6.93%

    6.93%

    8.42%

    9.50%

    >$50k–$100k

    4.88%

    3.56%

    3.64%

    4.10%

    4.26%

    >$100k–$200k

    2.63%

    2.23%

    2.46%

    2.85%

    3.10%

    >$200k–$500k

    1.49%

    1.27%

    1.28%

    1.42%

    1.50%

    >$500k–$1m

    0.89%

    0.72%

    0.70%

    0.72%

    0.73%

    >$1m–$2m

    0.56%

    0.47%

    0.43%

    0.43%

    0.42%

    >$2m

    0.39%

    0.28%

    0.27%

    0.24%

    0.25%

      Last modified: 16 Dec 2013QC 37999