Use this dashboard to see the details of our MySuper product and compare it with other MySuper products.
The information is based on a balance of $50,000 with no activity fees. Different account balances will have different returns, return targets, and fees and costs.
MySuper at a glance
|Return target||CPI + 3.8% p.a. over 10 years|
|Return||8.17% p.a. over 10 years to 30 June 2023|
|Level of investment risk||High|
|Statement of fees and other costs||$351 p.a.|
|See the Comparison between return target and return|
About the return target
Return targets are not guaranteed. Negative returns may occur more or less often than expected.
The return target for the Balanced (MySuper) option has been calculated in accordance with MySuper requirements. It is the average of the expected returns, based on long-run return assumptions.
The investment strategies for the Balanced (MySuper) option and the Balanced option are the same. However, the return target for the Balanced (MySuper) option is higher than the return target for the Balanced option because the Balanced (MySuper) option objective is less conservative, and we have a lower degree of confidence in achieving it.
This doesn’t mean that we are aiming for the Balanced (MySuper) option to have higher returns or that it has a riskier investment strategy.
Return (over 10 years to 30 June 2023)
Return for years ending 30 June*
About the return data
We implemented MySuper on 30 November 2013. Historical returns are based on our Balanced option and are calculated in accordance with MySuper requirements, showing returns minus various fees, costs and taxes. Historically, returns were calculated using a different methodology. Actual returns received by members will depend on the timing of transactions within their account.
Comparison between return target and return
About the graph
The graph shows the returns from our Balanced (MySuper) option over the ten years to 30 June 2023. During this period the yearly returns in this option ranged between -4.36 and 17.40%, and the average yearly return was 8.17%. A comparison between the moving average of returns and the moving average of return targets shows that this option outperformed its benchmark in the financial years ended June 2018, 2019, 2020, 2021, 2022 and 2023.
Return targets were introduced in 2013 and prior to November 2013, we did not calculate a return target. As at 30 June 2014, the return target was CPI + 4.8% and the graph assumes the same CPI+ 4.8% return target applied in earlier years. Fluctuations in the return target reflect past fluctuations in CPI. After 30 June 2014, return targets reflect changes in CPI and changes in the hurdle rate. As at 1 November 2021, the return target over 10 years was CPI +3.8%.
Find out more about our award-winning super fund with a record of industry-leading performance*, lower fees and sustainable investment options.
Whether you want an option chosen by our experts or manage your own portfolio with sector options, we have something for every type of investor. Explore each option in detail.
Read our latest MySuper Member Outcomes Assessment, published annually, based on data from the Australian Prudential Regulation Authority (APRA).
We're an authorised MySuper fund
We can accept compulsory default super contributions from your employer (also known as ‘superannuation guarantee contributions’).
MySuper is a government initiative to offer simple, low-cost super. MySuper funds generally give you:
- a single, diversified investment strategy so you don’t have to worry about choosing how to invest your super
- simpler fees, some of which are limited to covering costs
- access to basic Death and Total and Permanent Disablement (TPD) insurance cover.
Investments in the Balanced (MySuper) option through Accumulation 1, Accumulation 2 and Personal Accounts form part of MySuper. MySuper is not applicable for DBD or Pension members.
This information is of a general nature only and includes general advice. It has been prepared without taking into account your individual objectives, financial situation or needs. Before making any decision in relation to your UniSuper membership, you should consider your personal circumstances, the relevant product disclosure statement for your membership category and whether to consult a licensed financial adviser. This information is current as at November 2021. Information is subject to change.