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What the Researchers Say:

An OTHER rated fund usually has average or below average features and/or performance across a number of assessment areas. These funds frequently have many competitors that offer superior performance and structures in a more efficient environment.

You should contact your financial adviser and/or this fund directly before making an investment decision.

  • Other
Awards
Fund data valid as of April 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $310 $700 -$390
250k $1,230 $3,016 -$1,786
500k $2,380 $5,720 -$3,340

Investment Allocation

Intl shares 12.0%
Aus shares 15.0%
Property 20.0%
Alternative 13.0%
Fixed interest 30.0%
Cash 10.0%

Fees & Charges

Membership Fee $80
Asset Admin Fee 0.00%
Investment Fee 0.46%
Switching Fee $0
Exit Fee $0
Account Size Discount No
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 25,700
Total Assets $699,521,589
Year Started 1998
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by Meat Industry Employees' Super Fund - Allocated Pension

No information was provided by the fund to SuperRatings. Hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Conservative Balanced 7.20%
1.92%
12.60%
8.25%
15.60%
11.01%
2.40%
12.60%
8.50%
3.18%
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

MIESF Allocated Pension was established in 1998 and is designed to service the pension needs for workers in the meat industry. A minimum investment of $20,000 is required to commence membership.

The fund offers 1 Diversified investment option. Past performance of this option (where data has been available) has been below average when compared to the SuperRatings index.

The fund offers a competitive fee structure, with fees lower than the industry average across all assessed account balances. Members can switch between investment options without incurring a charge; however, an exit fee does apply.

The Fund provides a below average level of product flexibility, with members able to choose from 3 pension payment frequencies, as well as a choice of non-binding and reversionary death benefit payments.

The fund provides occasional newsletters to members and has some education tools available on the website. Overall this is a low cost fund that provides relatively limited additional benefits to members.


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