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
Fund data valid as of July 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $950 $705 $245
250k $2,110 $3,036 -$926
500k $3,560 $5,756 -$2,196

Investment Allocation

Intl shares 36.0%
Aus shares 31.0%
Property 5.0%
Alternative 3.0%
Fixed interest 16.0%
Cash 9.0%

Fees & Charges

Membership Fee $660
Asset Admin Fee 0.00%
Investment Fee 0.58%
Switching Fee $30
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

Total Assets $641,440,000
Year Started 2000
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by Victorian Independent Schools Superannuation 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
Balanced 11.15%
High Growth 12.65%
Capital Stable 8.14%
Cash 2.43%
  • 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 Victorian Independent Schools Superannuation Fund (VISSF) Allocated Pension was established in 2000 and is designed to service the pension needs of teachers and employees working in independent schools in Melbourne.

The fund offers members a simple investment menu of 3 Diversified and 1 Single Sector options. The Balanced investment option outperformed the SuperRatings Index over the 5 years to 30 June 2015.

Fees associated with this product are competitive compared to the industry average across medium and large account balances. Fees are less competitive for those with small account balances, as a relatively high flat dollar member fee is charged. Members are entitled to 2 free switches per year while there are no exit fee applicable.

VISSF Allocated Pension offers members a monthly payment frequency as well as a choice of binding lump-sum and reversionary death benefit payments.

VISSF members can access comprehensive financial services advice including financial planning, taxation, retirement advice and Will preparation at discounted rates. Additionally, online account, health insurance and newsletters are available to members through the fund.