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What the Researchers Say:

A "good value for money" superannuation fund that is strong in nearly all assessment areas but with average features and/or performance in one or more of our assessment criteria.

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

  • Gold
Awards
Fund data valid as of March 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $117 $155 -$38
50k $378 $628 -$250
100k $668 $1,158 -$490

Investment Allocation

Intl shares 25.0%
Aus shares 25.0%
Property 15.0%
Alternative 10.0%
Fixed interest 15.0%
Cash 5.0%
Other 5.0%

Fees & Charges

Administration Fee ($) $88
Administration Fee (%) 0.07%
Investment Fee 0.51%
Switching Fee $0
Exit Fee $50
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 66,654
Total Assets $1,628,000,000
Year Started 2007
Target Market Meat Industry
Offered to Public? Yes
Fund Type Industry-Personal

Fund Highlights - provided by AMIST Super Personal Division

Low fees
Affinity with members and employers
Choice of 6 investment options (including a MySuper option)
Comprehensive and complete financial advice
Education seminars nationwide member service visits
Member specific over the phone financial advice at no additional cost
Default Death and TPD and automatic Income Protection cover at reasonable rates

Fund Rating Snapshot

  • Legend:
  • Excellent
  • Good
  • Average
  • Below Average
  • N/A

Rating Categories Clockwise from top

Performance
Performance is based on the past 5 years for their core balanced option
Investment Choices
Points scored on additional benefits to members ie: Home loans, Credit Cards, Health Insurance, Reverse Mortgage, shopping discounts, anti detriment payments and many others
Investment Processes
Points scored on contribution collection, via cheque, cash, Eftpos, Bpay, direct debit and other features
Small Account Fees
Points scored on the fees and charges based on an account size of $5k
Medium Account Fees
Points scored on the fees and charges based on an account size of $50k
Large Account Fees
Points scored on the fees and charges based on an account size of $100k
Death Insurance
Points scored on premium costs and features for Death Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Death and TPD Insurance
Points scored on premium costs features for Death and TPD Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Income Protection Insurance
Points scored on premium costs features for Income Protection insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max% on monthly salary, waiting days available and other features
Member Services
Points scored on additional benefits offered to members ie Statement frequency and newsletter communications and other features
Administration Services
Points scored on the fund structure ie switching between investments, selecting regular contributions, nominated beneficiary changes, changing insurance options. For Service features like call centre, adviser services reports and many other features.
Financial Advice
Points scored on features in respect to financial advice facilities offered ie, by phone, internet, face to face, cost of scaled advice and others.
Goverance
Points scored on Trustee structure, number of independent directors , renumeration and proxy voting policy and risk

Score Explanation

Excellent: Score of 75%-100%
Premium performer in this area. Well above benchmark.
Good: Score of 51%-74%
Better than most funds. Above benchmark
Average: Score of 26%-50%
Placed close to benchmark
Below average: Score of below 25%
Not quite up to speed. Lower than benchmark.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 1.52%
-0.06%
8.68%
9.60%
12.90%
12.66%
13.43%
14.73%
0.88%
0.45%
9.70%
8.71%
Fund
Benchmark
High Growth -0.49%
-1.78%
13.27%
11.66%
20.55%
15.76%
21.74%
20.40%
-4.28%
-3.15%
14.60%
9.40%
Fund
Benchmark
Growth 1.66%
-0.64%
10.83%
10.71%
15.94%
14.01%
16.61%
17.11%
-1.19%
-0.95%
11.60%
9.40%
Fund
Benchmark
Capital Stable 2.12%
1.32%
5.51%
5.66%
7.67%
7.34%
7.05%
8.29%
5.41%
4.06%
6.60%
6.70%
Fund
Benchmark
Cash 1.55%
1.41%
3.01%
2.25%
3.10%
2.42%
3.78%
2.94%
5.45%
4.04%
4.80%
4.33%
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

Originally established to serve members in the meat industry, AMIST (Australian Meat Industry Superannuation Trust) Super is now open to the general public. AMIST Super is an industry fund with all profits generated by the fund distributed back to members. The Personal division opened in 2007, which is designed for members wanting to make direct contributions, rather than through an employer.

AMIST Super Personal investment menu consists of six Diversified and Single-Sector investment options suitable for members with different risk profiles. The Balanced option has exhibited long-run performance in-line with the SuperRatings Index.

Fees associated with this product are rated as excellent across all assessed account balances. No Switching fee is charged for changing investment options and the Asset Administration fee is capped at 0.1% p.a. However, Exit fees are applicable.

Eligible members under age 70 automatically receive Death only, TPD and Income Protection (IP) cover. Members can also apply for up to $1,869,000 of Death or TPD cover, or increase their existing cover upon the occurrence of certain Life Events. IP cover is available with a maximum benefit period of 2 years and a 30 day waiting period. Members can cover 75% of their salary, or up to a maximum monthly benefit of $50,000.

AMIST members benefit from access to discounted home loans, credit cards, savings accounts and health insurance. Members also have access to financial planning services via Money Solutions, and can request rollovers through online MemberAccess portal.


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