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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
Awards
Fund data valid as of April 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $1,350 $700 $650
250k $6,350 $3,016 $3,334
500k $11,700 $5,720 $5,980

Investment Allocation

Intl shares 27.0%
Aus shares 29.0%
Property 3.0%
Alternative 20.0%
Fixed interest 17.0%
Cash 4.0%

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.01%
Investment Fee 2.69%
Switching Fee $0
Exit Fee $0
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 1,105,742
Total Assets $32,234,475,000
Year Started 2001
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by OnePath OptiMix Allocated Pension

Choice of 12 OptiMix investment funds, 5 diversified and 7 asset specific options
Entry Fee and Nil Entry Fee options with rebates
Switching between investment options does not incur a fee
Member fee only applies to account balances under $10,000
Online account information, statements, annual reports, switch processing via account access
Minimum Initial Investment $20,000

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced -1.25%
7.88%
10.94%
13.41%
-3.15%
5.35%
Fund
Benchmark
High Growth -2.67%
-0.36%
9.67%
13.21%
14.55%
17.79%
19.76%
22.59%
-6.62%
-3.09%
5.56%
11.80%
Fund
Benchmark
Conservative Balanced -0.12%
1.92%
6.63%
8.25%
8.84%
11.01%
9.99%
12.60%
-0.43%
3.18%
5.08%
9.13%
Fund
Benchmark
Secure 0.27%
1.92%
0.40%
8.25%
0.81%
11.01%
1.86%
12.60%
2.09%
3.18%
3.26%
9.13%
Fund
Benchmark
Growth -1.87%
1.40%
8.84%
11.50%
12.90%
15.91%
16.56%
19.45%
-4.99%
-1.21%
5.51%
11.20%
Fund
Benchmark
Australian Shares -1.02%
1.67%
2.76%
6.75%
16.03%
18.31%
20.35%
23.30%
-7.38%
-6.67%
7.53%
12.47%
Fund
Benchmark
Overseas Shares -2.99%
-3.54%
23.12%
20.36%
16.29%
19.88%
28.48%
29.76%
-5.15%
-3.07%
3.50%
7.44%
Fund
Benchmark
Capital Stable 0.71%
2.20%
4.84%
6.35%
6.63%
8.17%
6.70%
9.14%
1.36%
4.79%
4.46%
7.97%
Fund
Benchmark
Property 16.30%
10.54%
15.36%
10.92%
9.45%
10.68%
22.97%
12.91%
7.89%
7.92%
1.46%
11.91%
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

OptiMix Allocated Pension is provided through OnePath and is a flexible retail retirement account that is designed to pay a regular income for retirees and people transitioning to retirement. The product offers a range of Multi-Manager funds that are managed by individual investment managers based on their specific expertise.

Although the fund closed to new members in 1 July 2007, existing members can invest in the Optimix range of Multi and Asset Specific strategies and have the flexibility to make unlimited switches, free of charge. The OnePath OptiMix Balanced (NCF) underperformed the SuperRatings Index in 2015 and over the longer term.

OptiMix Super's fees are higher than the industry average across all account balances assessed. Members with balances over $10,000 are exempt from the fixed dollar member fee while further rebates apply on balances exceeding $100,000.

Members can choose from four pension payment frequencies; while estate planning/beneficiary options include binding and non-binding nominations, reversionary beneficiaries and a child pension. Automatic increases on Pension payments is also offered, based on a nominal amount (0.00-9.00% pa) chosen by the member.

Other features include full financial planning and access to ???InvestorBenefits???, which provides discounted health, lifestyle and entertainment benefits.


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