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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 November 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $260 $154 $106
50k $395 $619 -$224
100k $790 $1,143 -$353

Investment Allocation

Intl shares 15.0%
Aus shares 25.0%
Property 10.0%
Cash 50.0%

Fees & Charges

Administration Fee ($) $0
Administration Fee (%) 0.69%
Investment Fee 0.10%
Switching Fee $24.95
Exit Fee $77
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 4,814
Total Assets $424,471,557
Year Started 2014
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-Personal

Fund Highlights - provided by Brightday Complete Super

Research, invest, change and track investments, all online
Huge range of options - shares, managed funds, SMAs, term deposits and cash
Articles and video tutorials tailored to your experience level
Featured Funds - our selection of highest performing managed investments
Portfolio Planner - find out how you could achieve your investing objectives

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Conservative Balance 1.65%
2.24%
Fund
Benchmark
Secure 2.25%
2.24%
Fund
Benchmark
Growth 1.19%
3.84%
Fund
Benchmark
Cash 1.97%
0.72%
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

brightday Complete Super was launched in December 2014 by MAP Funds Management Ltd, which is owned by OneVue. brightday Complete Super was a finalist of the 2016 Best New Product Award in recognition of its innovative approach to providing superannuation solutions to individuals.

Members have access to 6 Diversified and Single-Sector investment options. Access to Managed Funds, Direct Shares, Term Deposits and SMA Model Portfolios is also provided, however, additional costs may be incurred. The Balanced option underperformed the SuperRatings Index in 2016, although we note it has a lower allocation to growth assets than a typical Balanced (60-76) strategy. Long term performance is not currently available.

Fees for this product are lower than the industry average across all assessed account balances. However, a minimum administration fee of $250 p.a. is applicable. Exit fees and switching fees are also charged, with members entitled to 2 free investment switches each year.

brightday Complete Super's insurance offering includes Death Only, Death & TPD and Income Protection (IP) cover, which are competitive compared to industry peers. Members can apply for unlimited Death cover and up to $3 million of TPD cover. IP insurance is offered over a 2 year or to age 65 benefit period, and with a choice of 30, 60 or 90 day waiting periods.

brightday's website contains a broad range of educational resources, featuring 18 series and over 293 articles. Members also have access to comprehensive research via brightday stock screener, featured funds as well as a portfolio planner to help them build their portfolio to achieve investment objectives.


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