Despite volatile market conditions, we achieved positive returns for the year ending June 2020, and delivered strong long-term returns for our members.^
Our primary purpose as a super fund is to deliver sustainable long-term returns for our members.
Despite unprecedented and challenging market conditions this year, we are proud to have delivered strong returns for the year to 30 June 2020, including positive 1-year returns for members in our MySuper lifecycle default Growth and Balanced Growth options.
For the year ending 30 June 2020, the Accumulation Growth default option (for members 59 years and under) delivered a positive return of 1.60% and the Accumulation Balanced Growth default option (for members 60 years and over) delivered a positive return of 1.28%.
This performance placed us in the top quartile of performance against peers for the year to 30 June 2020, and longer time horizons of rolling 3, 5 and 10-year periods*. This is a fantastic result for our members.
Our strong returns can be attributed to our overarching investment approach of investing for sustainable long-term returns, and carefully assessing the risk exposure associated with each investment we make.
Why we’re in a strong position to help the economy recover
As a super fund, we believe we have a key role to play in helping to stimulate the economy while supporting the broader community as Australia begins to recover from the COVID-19 crisis.
First State Super was in a sound liquidity position entering the peak of market volatility earlier this year, meaning we did not have to sell assets to meet any funding requirements. Our stability as a fund meant we could continue to focus on effectively managing your superannuation portfolio and helping to continue to grow your retirement savings.
We remain in a strong position and are well placed to invest in opportunities as they become available.
What are we doing to support many sectors of the economy? Helping to fund major infrastructure projects, investing to support employment and supporting small to medium-sized businesses to take the next step on their growth journey.
Our focus is investing in projects and businesses that contribute to a better future for all Australians and deliver sustainable long-term returns to our members.
* SuperRatings Fund Crediting Rate Survey June 2020 for the SuperRatings SR50 Balanced (60-76) Index and SuperRatings SR25 Conservative Balanced (41-59) Index
^The First State Super Growth option as sourced from the SuperRatings Fund Crediting Rate Survey for the SuperRatings SR50 Balanced (60-76) Index delivered a rolling 10-year return to 30June 2020 of 8.07%. This is compared to the SR50 Balanced (60-76) Index median rolling 10-year return to 30 June 2020 of 7.43%. The First State Super Balanced Growth option as sourced from the SuperRatings Fund Crediting Rate Survey for the SuperRatings SR25 Conservative Balanced (41-59) Index delivered a rolling 10-year return to 30 June 2020 of 6.96%. This is compared to the SR25 Conservative Balanced (41-59) Index median rolling 10-year return to 30 June 2020 of 6.29%.
Returns are calculated net of investment fees, tax and implicit asset-based administration fees.
The SR50 is an index of 50 super funds whereby each fund is assessed on criteria such as their size, history of returns and allocation of assets to growth assets between 60 -76 percent of the investment. The SR25 is an index of 25 super funds whereby each fund is assessed on criteria such as their size, history of returns and allocation of assets to growth assets between 41-59 percent of the investment.
This disclaimer is related to the First State Super accumulation product. Past performance is not a reliable indicator of future performance.