Balanced (MySuper) option

Return (see notes)1

10 year average return of 6.3% per year as at 30 June 2016.

Return target (see notes)2

Return Target for 2017-2026 of 4.1% per year above inflation, after fees and taxes. Future returns cannot be guaranteed.

Comparison between return target and return (see notes)3

Past performance is not necessarily an indication of future returns

Level of investment risk

Medium to High

Negative returns expected in 3 to less than 4 out of every 20 years.

The higher the expected return target, the more often you would expect a year of negative returns.

Please refer to the Product Disclosure Statement (PDS) for more information on investment risks and expected returns.

Statement of fees and other costs

$563.60 per year

Fees and other costs for a member with a $50,000 balance. It is important to understand that the amount shown in the Product Dashboard for fees and costs will not necessarily be the amount of fees and costs that are incurred for a financial year by a particular member. The measure will be a base-level tool for consumers to compare the level of fees and costs between different MySuper products.

Notes

The presentation of this dashboard follows regulatory requirements. The following notes may be useful.

  1. Return:  We implemented MySuper on 1 October 2013, therefore a ten year return for our MySuper option was not available as at 30 June 2016. The return shown above for periods prior to 1 October 2013 is sourced from Catholic Super’s Balanced option, the predecessor of Catholic Super’s MySuper option.
  2. Return target:  It is a regulatory requirement to display ‘return target’ in this Product Dashboard.  Return target is the average of annualised expected returns above inflation over ten year periods starting at the beginning of the current financial year. This means that the current return target of 4.1% above inflation is the modelled expected return with 50% probability of being achieved over ten years. This is different from the investment objective as outlined in the PDS (i.e. currently 3.0% above inflation per year) as the Fund Trustee sets the objective at a level with around 65% probability of being achieved over ten years. Both measures, however, are based on assumptions about future returns, use the same modelling, and both are not guaranteed.
  3. Comparison between return target and return: The 10 year average return target has been calculated as an indicative measure only by retrospectively applying the current return target of 4.1% pa against the average inflation rate over the ten preceding years to 30 June 2016.