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What the Researchers Say:

A "reasonable value for money" fund that is performing well in a number of assessment areas but with average or below average features and/or performance in a number of other areas of our assessment.
You should contact your financial adviser or this fund before making an investment decision.

  • Silver
  • Infinity Recognised
Awards
Fund data valid as of May 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $787 $707 $80
250k $3,547 $3,049 $498
500k $6,903 $5,783 $1,120

Investment Allocation

Intl shares 19.0%
Aus shares 23.5%
Property 12.5%
Fixed interest 30.0%
Cash 15.0%

Fees & Charges

Membership Fee $97
Asset Admin Fee 0.63%
Investment Fee 0.75%
Switching Fee $0
Exit Fee $50
Account Size Discount Yes
Employer Size Discount N/A

Fund Features

Financial Planning Service
Health Insurance
Home Loans
Credit Cards
Binding Nominations
Non-lapsing Binding Nominations
Insurance Life Event Increases
Anti-detriment Payments
Long Term Income Protection

About this Fund

Membership 25,464
Total Assets $954,597,220
Year Started 1998
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by Australian Ethical Retail Superannuation Fund - Account Based Income Stream

Extensive investment menu
Investments which promote a sustainable and environmentally responsible society according with the Australian Ethical Charter.
No-fees to transfer from Accumulation to Pension Fund.
Free educational roadshows and seminars.
Beneficiary nomination - Binding, Non Binding (preferred) or reversionary.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 5.74%
10.08%
8.84%
13.40%
0.90%
3.70%
Fund
Benchmark
Growth 4.20%
4.21%
14.50%
11.50%
10.09%
15.91%
21.10%
19.45%
-2.80%
-1.21%
1.50%
11.20%
Fund
Benchmark
Australian Shares 9.61%
5.54%
22.42%
6.75%
9.61%
18.31%
25.90%
23.30%
-2.80%
-6.67%
10.60%
12.47%
Fund
Benchmark
Overseas Shares 1.19%
0.46%
12.31%
20.36%
15.44%
19.88%
26.90%
29.76%
-17.90%
-3.07%
-4.50%
7.44%
Fund
Benchmark
Capital Stable 3.68%
3.63%
5.26%
6.35%
3.65%
8.17%
6.30%
9.14%
2.70%
4.79%
5.20%
7.97%
Fund
Benchmark
Cash 0.71%
2.08%
1.70%
2.61%
1.99%
2.78%
4.10%
3.48%
4.20%
4.76%
5.40%
5.05%
Fund
Benchmark
  • Legend:
  • Outperformed average
  • Underperformed average
  • Negative returns

Annualised figures are the average per year returns of the rated option based on the cumulative returns for the past 5 years to 30/06/2015, past performance is not a reliable indicator of future performance. Performance and fee data is based on the option which is rated by SuperRatings and stated on each product's landing page.

Benchmark investment information - how performance is measured

To ensure comparability for consumers, the RateCity superannuation comparison is based on the asset allocation of each of the MySuper/Pension products, irrespective of the name of the investment option. This methodology allows consumers to compare products on a like for like basis and removes any ambiguities associated with the name of the investment option. For example, an investment option may be classified as growth, however its asset allocation may in fact mean it should be classified as high growth. By using the asset allocation as the dominant identifier, we believe this provides the most robust framework for consumers to compare funds and recognise that this is a consistent approach to that of SuperRatings methodology.

Option Type Percentage of Growth Assets
min-max %
High Growth 91-100%
Growth 77-90%
Balanced 60-76%
Conservative Balanced 41-59%
Capital Stable 20-40%
Secure 0-19%

What the researchers say

The Australian Ethical Account Based Income Stream was established in 1998 and is the pension division of the Australian Ethical Retail Superannuation Fund, a master trust that specialises in ethical and sustainable investing. The fund donates 10% of annual profits to non-profit, charity, benevolent and conservation organisations.

Members have access to a selection of 6 investment options across a range of asset classes that adhere to the Australian Ethical Charter. The fund's Balanced option has underperformed the SuperRatings Index over the longer term.

Fees are higher than the industry average across all account balances assessed. No fees are charged for investment switches, although a buy-sell spread applies.

The Income Stream product offers good product flexibility. Members can choose between binding, non-binding and reversionary death benefit payments, as well as pension payments that automatically increase by inflation each year.

Australian Ethical has continued to be Infinity Recognised in 2015, showing a clear adherence to environmental and social investment principles.


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