To ensure that the Fund continues to deliver competitive returns to our members, we compare our performance against other funds in the industry. The data we use is provided by an independent superannuation consulting organisation, SuperRatings and is distributed at the end of each month for the previous month’s performance.

August 2020

The diversified options outlined in the tables below delivered one and three-year returns that were equivalent to or above the returns on similar options offered by other super funds.

The positive performance is a result of the following strategies that the Fund had implemented over the past three to four years:

  • The Fund increased its investments in unlisted assets, which have displayed stable returns. Property investments delivered a return of 6.3% per annum before tax, and infrastructure assets provided a 7.1% return per annum before tax.
  • The Fund restructured its bonds portfolio to better align fees paid to investment managers with portfolio performance. By ensuring that higher fees are only paid to investment managers when the portfolio outperforms its objectives, this approach has delivered an annual return of 8.1% (before tax) for the Bonds option.
  • The Fund increased its credit income allocations for its diversified portfolios, thereby helping members who have invested in lower risk options with generating higher returns when cash rates started to decline to 0%. Over the past three years, the Credit Income option delivered 3.9% per annum (before tax) in returns.

The uptick in returns is also attributable to the following measures the Fund executed over the past year:

  • Reducing exposure to growth assets such as overpriced stocks prior to the COVID-19 pandemic.
  • Increasing investments in growth assets when these assets were sufficiently discounted following the fall in investment markets in March 2020.
  • Decreasing investments in growth assets following the market recovery as uncertainties posed by COVID-19 continue to be a risk.

 Read more: Should I switch my investments during a market downturn?

Superannuation investment returns

  1 year to August (% p.a.) 3 years to August (% p.a.)
Growth Option 0.93 n/a* 
Growth Median  0.66  n/a 
     
Balanced Option  0.97  5.84
Balanced Median  0.97  5.89 
     
Conservative Balanced Option  1.57  5.32
Conservative Balanced Median 0.76  4.78 
     
Conservative Option  2.11  5.05
Conservative Median 0.73  3.67 
     
Capital Stable Option 2.28  4.60 
Capital Stable Median 1.40 2.48 
*This option was introduced on 1 May 2018.

Pension investment returns

  1 year to August (% p.a.) 3 years to August (% p.a.)
Growth Option  1.73 n/a* 
Growth Median  0.64  n/a 
     
Balanced Option  1.71  6.64 
Balanced Median  1.01  6.41 
     
Conservative Balanced Option  2.27  6.12 
Conservative Balanced Median 0.94  5.31 
     
Conservative Option 2.68  5.88 
Conservative Median  0.87  4.30 
     
Capital Stable Option 2.28  4.60
Capital Stable Median  1.40  2.48 
*This option was introduced on 1 May 2018.

Any advice contained in this document is of a general nature only, and does not take into account your personal objectives, financial situation or needs. Prior to acting on any information in this document, you need to take into account your own financial circumstances, consider the Product Disclosure Statement for any product you are considering, and seek independent financial advice if you are unsure of what action to take. Past performance is not a reliable indicator of future performance.

 

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