Advertisement
What the Researchers Say:

A "best value for money" superannuation fund. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. The fund provides features that should assist most
individuals to meet their retirement savings goals.

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

  • Platinum
  • 7 Year Platinum Performance
Awards
Fund data valid as of June 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $141 $157 -$16
50k $474 $631 -$157
100k $844 $1,164 -$320

Investment Allocation

Intl shares 15.0%
Aus shares 15.0%
Property 9.0%
Alternative 20.0%
Fixed interest 36.0%
Cash 5.0%

Fees & Charges

Administration Fee ($) $104
Administration Fee (%) 0.16%
Investment Fee 0.58%
Switching Fee $0
Exit Fee $0
Account Size Discount No
Employer Size Discount No

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 71,234
Total Assets $9,180,069,880
Year Started 1988
Target Market Coal Mining Industry
Offered to Public? Yes
Fund Type Industry-Public Offer

Fund Highlights - provided by Mine Wealth + Wellbeing Superannuation Fund

The industry fund for Australia's coal community since 1941.
A fundamental commitment to understanding and meeting the needs of coal miners and their families. Dedicated, responsive and personalised customer service.
A sensible and flexible range of investment options which suit our investor's needs including a default lifecycle strategy.
Above median long term investment returns, with fees well below the industry and not for profit average.
Scaleable, competitively priced advice and education which allows members to choose the level of guidance they need via their preferred delivery method.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
High Growth 2.68%
0.68%
2.68%
0.68%
9.83%
11.66%
15.49%
15.76%
16.26%
20.40%
-0.25%
-3.15%
Fund
Benchmark
Conservative Balance 3.19%
2.82%
3.19%
2.82%
6.93%
7.28%
11.00%
9.64%
10.84%
11.26%
3.30%
1.87%
Fund
Benchmark
Diversified Fixed Interest 2.83%
4.43%
2.83%
4.43%
2.96%
3.93%
6.80%
5.52%
5.09%
4.65%
7.62%
8.94%
Fund
Benchmark
Growth 3.11%
2.10%
3.11%
2.10%
8.34%
10.71%
13.11%
14.01%
13.26%
17.11%
1.96%
-0.95%
Fund
Benchmark
Australian Shares 4.76%
1.50%
4.76%
1.50%
5.08%
5.70%
17.60%
16.77%
16.64%
21.07%
-6.83%
-6.15%
Fund
Benchmark
Overseas Shares -3.06%
-2.30%
-3.06%
-2.30%
18.11%
19.16%
18.19%
17.63%
20.00%
26.14%
1.08%
-2.45%
Fund
Benchmark
Capital Stable 3.07%
3.36%
3.07%
3.36%
5.49%
5.66%
8.80%
7.34%
8.04%
8.29%
4.61%
4.06%
Fund
Benchmark
Property 8.89%
12.55%
8.89%
12.55%
8.14%
10.78%
9.59%
9.09%
6.26%
10.99%
4.25%
7.12%
Fund
Benchmark
Cash 1.83%
1.90%
1.83%
1.90%
2.19%
2.25%
2.84%
2.42%
2.94%
2.94%
3.77%
4.04%
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

Formed in 2005 Mine Wealth + Wellbeing Super today continues to provide superannuation services and financial advice to employees in the coal mining industry and their families.

The fund offers a straightforward choice of 10 investment options, consisting of 4 Diversified and 6 Single Sector options, including a Term Deposit option. The Balanced option has delivered mixed returns over the longer term, with other investment options also providing robust historical returns. If a member chooses the default option, the fund's LifeCycle Strategy attempts to de-risk their investment by gradually moving them to a more defensive profile as they get older.

Mine Wealth + Wellbeing Super provides a competitive, low cost fee structure across all account balances assessed, and members are also entitled to free investment switches.

The fund offers members default Death and Terminal Illness (DTI) and Total and Permanent Disablement (TPD) insurance cover, as well as default Income Protection (IP) cover for most members. Premiums for Death and TPD cover are relatively high, particularly for blue collar members, but reflect the nature of the industry in which members are employed. Additional voluntary death only cover is available to eligible members.

Mine Wealth + Wellbeing Super now also offers the provision of both lending products and credit cards to members.


Other Funds Promoted