MySuper dashboard Balanced option - aged 53 and over
Your super will automatically be invested using our Default strategy. If you are aged 53 years and over, 100% of your super 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 8.85% per year as at 30 June 2019.
Return target (see notes)2
Return target for 2020-2029 of 4.0% 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
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.
Statement of fees and other costs
$628.60 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. The financial year returns and the ten-year average returns prior to this date are sourced from Catholic Super’s Balanced 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 ten-year periods starting at the beginning of the current financial year. This means that the return target of 4.0% 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 or Investment Guide (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. The historical 10-year average return target has been calculated as an indicative measure only by adding the current return target of 4.0% to average 10-year inflation for each financial year.