Australian Super Fund Overview
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Fund Overview
Australian Super is the largest superannuation fund in Australia, managing over $300 billion in assets for more than 2.5 million members. The fund is known for its strong performance, diverse investment options, and commitment to member satisfaction. Australian Super offers a range of investment choices, including Balanced (MySuper), High Growth, Socially Aware, and Indexed Diversified. Its Balanced (MySuper) option has consistently delivered high returns, making it a popular choice among members.
Investment Options
Australian Super provides a wide array of investment options to suit different risk profiles and financial goals. The Balanced (MySuper) option, with a 10-year return of 8.11%, is designed for members seeking steady growth. The High Growth option, offering a 10-year return of 9.65%, caters to those with a higher risk appetite. Socially Aware and Indexed Diversified options provide ethical and cost-effective investment choices, respectively. Members can also customize their portfolios to align with their values and objectives.
Fees and Charges
Australian Super maintains a competitive fee structure across its investment options. The Indexed Diversified option, for example, charges only 0.14% p.a. in fees, while the Balanced (MySuper) option has fees of 0.52% p.a. Understanding these fees and their impact on your super balance is essential for optimizing your retirement savings. Australian Super also provides transparency in its fee disclosures, ensuring members are well-informed.
Performance Highlights
Australian Super has a strong track record of delivering high returns across its investment options. The Balanced (MySuper) option has achieved a 10-year return of 8.11%, while the High Growth option boasts an impressive 9.65% return over the same period. These performance metrics underscore Australian Super's commitment to achieving long-term growth for its members. Regularly reviewing performance and adjusting investment choices can help members maximize their super savings.
Member Benefits
Australian Super offers a range of benefits to its members, including access to financial planning services, educational resources, and insurance options. Members can also take advantage of the fund's strong performance history and diverse investment choices. Australian Super's commitment to member satisfaction is evident in its high retention rates and positive reviews. By leveraging these benefits, members can enhance their retirement savings and achieve their financial goals.
Balanced (MySuper)
The Balanced (MySuper) option is Australian Super's most popular investment choice, offering a mix of growth and defensive assets to balance risk and reward. With a 10-year return of 8.11%, this option has consistently delivered strong performance, making it a preferred choice among members. The portfolio includes a diverse range of investments, such as shares, property, and fixed income, to achieve steady growth over the long term. Fees for this option are competitive at 0.52% p.a., ensuring members receive value for their investment. This option is ideal for individuals who prefer a balanced approach to investing, such as mid-career professionals planning for retirement or young workers looking to build their super savings steadily over time.
High Growth
The High Growth option is designed for members with a higher risk appetite, focusing on growth assets such as shares and property. With a 10-year return of 9.65%, this option has delivered impressive results, making it an attractive choice for those seeking higher returns. Fees for this option are 0.52% p.a., reflecting the active management required to achieve its objectives. This option is ideal for individuals who are comfortable with market volatility, such as entrepreneurs or high-income earners aiming to maximize their super savings over the long term.
Socially Aware
The Socially Aware option is Australian Super's ethical investment choice, focusing on companies and assets that meet strict environmental, social, and governance (ESG) criteria. With a 10-year return of 7.03%, this option provides steady growth while aligning with members' values. This option is ideal for individuals who prioritize ethical investing, such as environmentally conscious professionals or retirees looking to make a positive impact through their super savings.
Indexed Diversified
The Indexed Diversified option is a low-cost investment choice offered by Australian Super, featuring fees as low as 0.14% p.a. This option is designed for members who prefer a passive investment strategy, with assets allocated across indexed funds that track market performance. With a 10-year return of 8.15%, the Indexed Diversified option has demonstrated its effectiveness in achieving long-term growth. This option is particularly suitable for cost-conscious members, such as young professionals starting their careers or retirees looking to minimize fees while maintaining steady growth.