Our default investment mixes are MySuper authorised, which means they're cost-effective, simple and easy to compare with other MySuper products in the market.

MySuper Life Cycle Growth

Return target^1 Return^2
CPI + 3.56% per annum over ten years 10-year average return of 5.08% as at 30 June 2017
Level of investment risk^3 Statement of fees and other costs^4
High $457 per annum
The estimated number of negative annual returns over any 20-year period is approximately 4.5. The higher the expected return target, the more often you would expect a year of negative returns. Fees and other costs for a member with a $50,000 balance.

Join today

Apply online

Comparison between return target and return5

MySuper Life Cycle Balanced Growth

Return target^1 Return^2
CPI + 2.86% per annum over ten years 10-year average return of 5.08% as at 30 June 2017
Level of investment risk^3 Statement of fees and other costs^4
Medium-high
$437 per annum
The estimated number of negative annual returns over any 20-year period is approximately 3.8. The higher the expected return target, the more often you would expect a year of negative returns. Fees and other costs for a member with a $50,000 balance.

MySuper explained

Visit ASIC's MoneySmart
  1. The return target is expressed as a target level of return above inflation (as measured by the Consumer Price Index) for a representative member* over a ten-year period from 1 July 2017. The return target is the average of the expected annual returns for the ten-year period, based on long-run return assumptions, net of all investment, administration and advice fees, costs and taxes. The return target differs to the investment objective disclosed in our Product Disclosure Statement. The return target does not constitute a forecast or guarantee of future performance or future rate of return.

  2. The return is an average net return for a representative member* over the 10 years from 1 July 2005 to 30 June 2017. The return is net of all investment, administration and advice fees, costs and taxes. It is important to remember that past performance is no indicator or guarantee of future performance, and the value of investments can rise or fall. Click here for more information on the reporting of past investment performance following the merger of the First State Super and Health Super investment options.

  3. The level of investment risk is based on the Standard Risk Measure (SRM). Click here for more information on the SRM and First State Super’s modelling methodology.

  4. The statement of fees and other costs shows the dollar value of investment, administration and advice fees and costs for a representative member*. Click here for more information on fees and costs.

  5. The columns in the graph show the one-year net return of a representative member* (see note 2) for each year to 30 June. The magenta line shows the 10-year moving average net return of a representative member* to 30 June of each year. The blue line shows the 10-year moving average return target to 30 June of each year.

    *A ‘representative member’ has a $50,000 balance fully invested in the investment option.

Related topics

Tags: