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.

  • MySuper Silver
Fund data valid as of July 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $169 $156 $13
50k $677 $627 $50
100k $1,242 $1,155 $87

Investment Allocation

Intl shares 27.0%
Aus shares 27.0%
Property 10.0%
Alternative 5.0%
Fixed interest 24.0%
Cash 6.0%
Other 1.0%

Fees & Charges

Administration Fee ($) $112
Administration Fee (%) 0.60%
Investment Fee 0.53%
Switching Fee $0
Exit Fee $0
Account Size Discount Yes
Employer Size Discount Yes

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 $21,864,034,063
Year Started 2013
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-MySuper

Fund Highlights - provided by Asgard Employee Superannuation Account - MySuper

Lifestage, 5 pre-mixed investment portfolios and an extensive range of underlying managed investments available.
Access to shares listed on the Australian Stock Exchange.
Discounted financial planning and banking services offered.
Lower fees available for larger member account balances and employer groups.
Regular consolidated transaction and valuation reporting.
Spouse and family accounts offered for Asgard Employee Super.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 3.00%
Growth 3.70%
Capital Stable 2.00%
  • 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

Asgard Employee Super was established in 1997 as a corporate offering from Asgard Wealth Management. It is MySuper authorised and membership is open to employer groups, as well as spouses and family members.

Asgard's default MySuper Lifestage investment options are actively managed by Advance Asset Management and members are allocated to an option depending on which decade they were born. An extensive investment menu of SMA model portfolios and select manager options is also available to choice members, as well as ASX 300 listed equities and Term Deposits with 4 maturity periods. The fund's MySuper 1960s Lifestage Investment option has underperformed the SuperRatings Index in the shorter term.

Fees for the lifestage options are higher than the industry average across all account balances assessed.

Asgard Employee Super offers members standard Death and Death/TPD insurance with up to $300,000 of automatic cover provided. Members are required to work a minimum of 15 hours per week to be eligible for opt-in Income Protection (IP) cover and have the choice of 3 waiting periods and 2 benefit periods. Employers also have the opportunity to implement a customised insurance benefit design known as Comprehensive Insurance.

Members have access to the Asgard Benefits program, which provides a suite of ancillary benefits. Asgard also provides online access to account details and a wide financial advice network.

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