Australian Ethical Retail Superannuation Fund - MySuperInformation shown is for the balanced option.
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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$97|
|Administration Fee (%)||0.41%|
|Account Size Discount||No|
|Employer Size Discount||Yes|
|Financial Planning Service|
|Non-lapsing Binding Nominations|
|Insurance Life Event Increases|
|Long Term Income Protection|
About this Fund
|Target Market||All Industries|
|Offered to Public?||Yes|
|Fund Type||Master Trust-MySuper|
Fund Highlights - provided by Australian Ethical Retail Superannuation Fund - MySuper
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2016||FY 2015||FY 2014||FY 2013||FY 2012||Comparison|
- 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 30/06/2016, 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.
Percentage of Growth Assets
What the researchers say
Australian Ethical was established in 1986 to promote ethical investments that adhere to the Australian Ethical Charter. The fund donates 10% of annual profits to non-profit, charity, benevolent and conservation organisations.
With a selection of 7 investment options available, including the fund's default MySuper compliant Balanced option, Australian Ethical stringently monitors the investment activities of the companies that it invests in. The fund's Balanced option has underperformed the SuperRatings Index over the longer term.
Fees are higher than the industry average across all account balances assessed. Fee discounts may be available for members within larger employer plans. No fees are charged for investment switches, although a buy-sell spread applies. partial or full withdrawals are subject to an exit fee of $50 per transaction.
The fund offers a full suite of insurance cover to members. Automatic death cover is offered to certain employed members and additional cover is available on application. Income Protection (IP) is available with 30, 60 or 90 day waiting periods, up to a maximum of $30,000 per month.
Australian Ethical continues to be Infinity Recognised, showing a clear adherence to environmental and social investment principles.