The Balanced investment option is one of the two MySuper options in the Default Strategy. Depending on your age, your super may be allocated to the Aggressive (MySuper) option, the Balanced (MySuper) option, or a mixture of the two. Read about our Default Strategy and view our Aggressive (MySuper) dashboard for more information.
Return (see notes)1
10 year average return of 5.5% per year as at 30 June 2017.
Return target (see notes)2
Return Target for 2018-2027 of 3.9% 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
$783.60 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. The following notes may be useful.
- Return: We implemented the Balanced (MySuper) option on 1 October 2013, therefore a 10-year return for our Balanced (MySuper) option was not available as at 30 June 2017. 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 Balanced (MySuper) option.
- 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 10-year periods starting at the beginning of the current financial year. This means that the return target of 3.9% (or 4.1% in the previous years) above inflation is the modelled expected return with 50% probability of being achieved over 10 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 10 years. Both measures however are based on assumptions about future returns, use the same modelling, and both are not guaranteed.
- Comparison between return target and return: The 10-year average return target has been calculated as an indicative measure only by applying the appropriate return target to each financial year (i.e. 4.1% pa against the average inflation rate for financial years to 30 June 2017). The current return target of 3.9% pa above inflation as shown above will be applied to future financial years starting from 2017/18.