MySuper Balanced was introduced as the Fund's default investment option for Superannuation Plan members on 1 July 2013, under the Federal Government's legislated MySuper reforms.
This superannuation product dashboard is set out to help you better understand the Fund's fees, risk and performance in relation to our MySuper Balanced investment option.
It will also enable existing and prospective members, employers and financial advisers to:
- More easily compare our investment product with those offered by other funds
- Make more informed decisions around choice of fund or investments.
|MySuper Balanced dashboard|
|Return (1)||10-year average of 3.3% pa as at 30 June 2017|
|Return target (2)||CPI plus 3.6% pa over 10-year periods (after fees and taxes)|
|Level of investment risk||High - negative returns expected in 4 to less than 6 years out of every 20 years. The higher the expected return target, the more often you would expect a year of negative returns.|
|Statement of fees and other costs||$653 per year - Fees and other costs for a member with a $50,000 balance.|
Please click here for more information about our MySuper product.
1. The return is the average annual return over 10 years to 30 June 2017 after taxes, administration fees and investment costs for the investments for MySuper Balanced option.
2. The return target is the mean (average) estimate of return above the growth in CPI. It is calculated as a 10-year annual average and therefore based on modelling. We expect to meet or exceed the rolling return target approximately 50% of the time. This also means that we may experience returns that are below the target return 50% of the time.