MySuper Product Dashboard

You can use this dashboard to compare our Balanced (MySuper) option with other MySuper products. Go to ASIC’s MoneySmart website for more information on how to pick the right MySuper fund for you.

Comparison between return target and return

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10 year average return of the MySuper (Balanced) option of 6.68% as at 30 June 2020. Investment performance prior to 1 April 2021 is for MTAA Super’s My AutoSuper (Balanced) investment option. 

Return target for 2020-2029 of 2.8% per year above the Consumer Price Index (CPI), after fees and taxes.

Fees and other costs for a member with a $50,000 balance, including administration and investment fees and indirect costs.

Negative returns expected in 3 to 4 years out of every 20 years. The higher the expected return target, the more often you would expect a year of negative returns. 

Glossary of terms - MySuper Product Dashboard

1. Comparison between return target and return: Comparison between return target and return is represented in the graph on the Balanced (MySuper) option Product Dashboard where:

  • the columns in the graph represent the return for each of the last 10 whole financial years;
  • the green line in the graph represents the moving average return target for the last 10 whole financial years;
  • the yellow line in the graph represents the moving average return for the last 10 whole financial years.      

Each of the above components are calculated in accordance with the APRA Product Dashboard Reporting Standard. 

2. Return: Return represents the ‘net return of a representative member’. The ‘net return of a representative member’ is the net investment return of a representative member minus administration fees, costs and taxes of a representative member and minus advice fees, costs and taxes of a representative member.

A ‘representative member’ is a member who is fully invested in the Balanced (MySuper) investment option, who does not incur any activity fees during a year and who has an account balance of $50,000 throughout that year. It excludes investment gains/losses on the $50,000 balance.

3. Return Target: Return Target represents the mean annualised estimate of the percentage rate of net return of a representative member that exceeds the growth in the CPI over 10 years.

4. Statement of fees and other costs: Statement of fees and other costs is the sum of fees and costs calculated in accordance with the APRA Product Dashboard Reporting Standard for the year ending 30 June for a representative member. A ‘representative member’ is a member who is fully invested in the Balanced (MySuper) investment option, who does not incur any activity fees during a year and who has an account balance of $50,000 throughout that year. It excludes investment gains/losses on the $50,000 balance.

5. Standard risk measure: The Standard Risk Measure disclosed for each of Spirit Super's investment options is calculated on the basis of the Strategic Asset Allocation for that investment option. It represents the Trustee’s calculation of the Standard Risk Measure for that option over a 20 year period.

 

We’re in a limited services period until 30 April 2021. More information.