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What the Researchers Say:

An OTHER rated fund usually has average or below average features and/or performance across a number of assessment areas. These funds frequently have many competitors that offer superior performance and structures in a more efficient environment.

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

  • Other
Awards
Fund data valid as of February 28, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $67 $156 -$89
50k $665 $611 $54
100k $1,330 $1,123 $207

Investment Allocation

Intl shares 35.0%
Aus shares 35.0%
Fixed interest 25.0%
Cash 5.0%

Fees & Charges

Administration Fee ($) $0
Administration Fee (%) 0.83%
Investment Fee 0.50%
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 3,890
Total Assets $171,934,645
Year Started 1989
Target Market All Industries
Offered to Public? Yes
Fund Type Industry-Public Offer

Fund Highlights - provided by LESF Super

No information was provided by the fund to SuperRatings, hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 0.10%
2.81%
6.00%
9.60%
11.17%
12.66%
12.58%
14.73%
-0.41%
0.45%
Fund
Benchmark
High Growth -2.16%
0.68%
6.72%
11.66%
14.65%
15.76%
20.06%
20.40%
-1.28%
-3.15%
Fund
Benchmark
Capital Stable 3.29%
3.36%
Fund
Benchmark
Cash 0.81%
1.90%
1.22%
2.25%
1.63%
2.42%
1.65%
2.94%
3.55%
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 30/06/2016, 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.

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

Established in April 1989 as the Queensland Law Society Superannuation Scheme, LESF Super is a public-offer superannuation fund, with the aim to offer a simple yet effective superannuation solution to its members. In February 2016, LESF Super completed its merger with the Managed Australian Retirement Fund.

The investment menu consists of six Diversified and Single-Sector investment strategies, which includes a MySuper option. The default MySuper option has underperformed the SuperRatings Index over the short term and long term.

Fees associated with this product are higher than the industry average across all account balances assessed. However, no fixed dollar member fee is applied, and transaction fees are also not charged for withdrawals or investment switches.

LESF Super provides white collar members with a full suite of insurance cover. Eligible white collar members are automatically provided with Death & TPD cover and Income Protection insurance upon joining the fund. Members under 70 can also apply for up to $5 million Death cover and $3 million Death and TPD cover. Additional Income Protection (IP) cover is offered over a 2 year benefit period, covering 75% of salary or up to $25,000 per month, with a 30 day waiting period.

LESF Super launched a new website in September 2014, featuring a Learning Centre for educational purposes as well as employer and member online capabilities.