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 note)1

10 year average return of 8.4% per year as at 30 June 2018.

Return target (see notes)2

Return target for 2019-2028 of 4.4% per year above inflation, after fees and taxes. Future returns cannot be guaranteed.

Comparison between return target and return (see notes)3

MySuper dashboard - Aged 51.csv
Past - Average returns over 10 financial years
Target - Average return targets over 10 financial years
Past - Yearly Returns (financial year)

Past performance is not necessarily an indication of future returns. Find out more about our default investment strategy.

Level of investment risk

High

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 Investment Guide for more information on investment risks and expected returns.

Statement of fees and other costs

$775.27 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.

Notes

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

  1. Return:  We implemented the Age 51 (MySuper) Default Strategy on 1 November 2017. The financial year returns and the ten-year average returns as shown above are sourced from Catholic Super’s Aggressive option for Year 1-9 and a combination of the Aggressive and Balance Options’ returns for Year 10 based on the strategic allocation of default members’ balances at Age 51 between the Aggressive and Balanced Options.
  1. 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.
  1. 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.