MySuper dashboard - aged 51
Your super will automatically be invested using our Default strategy. If you are 51 years of age, 2/3 of your super will be invested in the Aggressive (MySuper) option, and 1/3 will be invested in the Balanced (MySuper) option. Find out more about our default investment strategy.
Return (see notes)1
10 year average return of 10.43% per year as at 30 June 2019.
Return target (see notes)2
Return target for 2020-2029 of 4.4% per year above inflation, after fees and taxes. Future returns cannot be guaranteed.
Comparison between return target and return
Past performance is not necessarily an indication of future returns. Find out more about our default investment strategy.
Level of investment risk
Negative returns expected in 4 to less than 6 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) or Investment Guide for more information on investment risks and expected returns.
Statement of fees and other costs
$665.27 per year for a member with a $50,000 balance.
It is important to understand that the amount shown for “fees and other costs” is an estimate only for a member with a $50,000 balance. The measure will be a base-level tool for consumers to compare the level of fees and other costs between different MySuper products. Please refer to the Fees and other costs document published on our website for more information on fees and costs.
The presentation of this Dashboard follows regulatory requirements. It is based on assumptions that members in the Age 51 Default Strategy were invested in the Aggressive Option in Years 1 to 9 and in this Age 51 Strategy in Year 10. Historical measures such as past returns and target returns are calculated based on this investment cycle. However forward-looking measures such as level of investment risk and future return target are disclosed based on the Age 51 Default Strategy’s investment profile alone. Further details are provided below.
- Return: We implemented the Age 51 (MySuper) Default Strategy on 1 November 2017. The financial year returns and the ten-year average returns prior to this date as shown above are sourced from Catholic Super’s Aggressive option for Years 1-9 and Age 51 Strategy (a combination of the Aggressive and Balance Options’ returns) for Year 10.
- 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 return target of 4.4% 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 Investment Guide (i.e. currently 3.7% 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.