Advertisement
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.

  • MySuper Gold
Awards
Fund data valid as of July 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $116 $156 -$40
50k $431 $627 -$196
100k $781 $1,155 -$374

Investment Allocation

Intl shares 22.5%
Aus shares 20.0%
Property 10.0%
Alternative 27.4%
Fixed interest 20.0%
Other 0.1%

Fees & Charges

Administration Fee ($) $81
Administration Fee (%) 0.25%
Investment Fee 0.45%
Switching Fee $0
Exit Fee $50
Account Size Discount Yes
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 275,347
Total Assets $3,131,682,932
Year Started 2013
Target Market All Industries
Offered to Public? Yes
Fund Type Industry-MySuper

Fund Highlights - provided by Kinetic Super Growth (MySuper)

MySuper Diversified Growth optio
Competitive fees
Secure website section for employers and members
Member & employer education seminars held
Clearing house service at no cost to employers
Default Death & TPD cover & the option to add voluntary Income Protection

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 2.37%
2.65%
2.67%
2.81%
8.26%
9.60%
14.24%
12.66%
14.70%
14.73%
3.00%
0.45%
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

Kinetic Super is a Not-for-Profit public offer super fund that was previously known as Professional Associations Superannuation Fund (PASF), which was established in 1989.

Kinetic Super Growth (MySuper) uses the existing default Growth option. Past performance of historical products (Accountants Super, Australian Enterprise Super and Recruitment Super), are reflected as a compound average return for Kinetic Super over 5 years. Overall, the Kinetic Super Growth (MySuper) option has exhibited competitive long-term returns, outperforming the SuperRatings Index. Choice members have access to an additional 7 Diversified and Single Sector investment options.

Fees associated with this product are lower than the industry average across all account balances assessed. The Administration fee is capped at $500 p.a. and no Switching fee is charged, although transactional costs may be incurred when changing investment options. An Exit fee is applicable for full and partial withdrawals.

Kinetic Super offers Default Death Only and Death & TPD cover. Members can also apply for a maximum of $5 million of Death Only cover, and $3 million of Death & TPD cover. Voluntary Income Protection covers 85% of salary, up to a maximum benefit payment of $25,000 per month, with a choice of 2 year, 5 year or to age 65 payment periods.

With a focus on streamlining the user experience, Kinetic Super's new look website continues to offer members educational material, fact sheets, interactive online calculators and tools. Members can also obtain comprehensive financial advice through Industry Fund Services (IFS).


Other Funds Promoted