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MySuper Product Dashboard

MySuper is a Government superannuation initiative which aims to provide low cost, simple and comparable superannuation products which employers can choose to set as their default super fund when an employee doesn’t choose one themselves.

This makes it easier to see how our MySuper option compares to other funds based on cost, investment performance and insurance.

Balanced investment option

Our MySuper product is the Balanced (accumulation) investment option. This means if you’re a new or existing member and you haven’t made an investment choice; your money will be invested in this option.

Even though our MySuper product has basic features and fee structures, it has a proven track record and is designed to provide strong long-term net benefit to members. 

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This dashboard can be used to compare Australian Ethical Super’s MySuper product with other MySuper products. It is designed to provide a snapshot of key information about the Fund’s MySuper product and has been prepared in accordance with prescribed standard calculations.

Our Product Disclosure Statement and Super Additional Information Booklet provide more detailed information about the benefits and risks of investing in Australian Ethical Super. You should read these documents and consider seeking professional financial advice before making a decision.

Overview

Return1 10 year average return of 6.72% as at 30 June 2020.
Return target2 Return target for 2020-2029 of 3.5% per year above inflation, after fees and taxes.
Level of investment risk3 Medium to High Negative returns are expected in 3.5 out of every 20 years.
Statement of fees and other costs4 $622 per year5  Fees and other costs for a representative member with a $50,000 balance. Further information on our fees and costs is available on our Super fees page.

 

Comparison between return target and return

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Important information

Returns and fees shown in the dashboard have been calculated using prescribed standard methods and assumptions. In particular, you should be aware that:

  • the standard calculations are based on a member with an account balance of $50,000, which will not be relevant to all members;
  • the standard calculations do not allow, for example, for the effect of investment earnings, contributions to your account, insurance fees or various other matters.

As a result:

(1) The returns shown in the dashboard will be different from the returns shown on our website and in your annual report.

(2) The returns and fees shown in the dashboard will be different from the amounts which apply to your account.

Want to change your
investment strategy?

You can – you’re not locked into staying in this fund.

Check out all our investment options and make the switch through our member portal
when you’re ready if you want to invest your super money differently. 

SEE ALL INVESTMENT OPTIONS

1 Return is the average annual performance of the Balanced (accumulation) investment option over the previous ten financial years. It is the performance achieved for a representative member with a $50,000 balance, after administration and investment fees, taxes and other costs.

2 Return target is the return which the Balanced (accumulation) investment option aims to achieve above inflation over a 10 year period. It is a target only, and is not a guarantee of future performance. Inflation is measured as the annual change in the Consumer Price Index (CPI).

3 Level of investment risk is based on industry guidance and can be used to compare investment options that are expected to deliver a similar number of negative annual returns over any 20 year period. It is not a complete assessment of all forms of investment risk and does not take in to account the impact of administration fees and tax on the likelihood of a negative return, the size of potential positive and negative returns, or whether the likely returns will meet your individual needs. The level of risk is shown on a scale from Very Low to Very High. The “Medium to High” risk classification applies to funds with an estimated likelihood of “3 to less than 4” negative returns over any 20 year period.

4 Statement of fees and other costs is the sum of administration, investment and advice fees for a representative member with a $50,000 balance that is wholly invested in the Balanced (accumulation) option. Activity fees, insurance fees, buy-sell spreads and exit fees may also apply. Where applicable, fees shown include GST. Fees are not guaranteed and may change in the future. Where a tax deduction is available to the Fund in relation to fees, this deduction is passed back to your account at the time of deducting the applicable fee. These tax deductions are not included in the Statement of Fees and Other Costs, so the net effect of the fees and costs may be less than the amount shown.

5 Using the example of a $50,000 account, you will be charged each year an administration fee of $97, plus 0.29% p.a. of your account balance ($145), plus an investment fee of 0.64% p.a. ($320) and indirect costs of 0.12% p.a. ($60). This brings the total cost to $622 per year.

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