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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 May 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $56 $157 -$101
50k $563 $634 -$71
100k $1,125 $1,169 -$44

Investment Allocation

Intl shares 21.0%
Aus shares 42.0%
Property 12.0%
Fixed interest 21.0%
Cash 4.0%

Fees & Charges

Administration Fee ($) $0
Administration Fee (%) 1.13%
Investment Fee 0.00%
Switching Fee $0
Exit Fee $51.25
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 8,859
Total Assets $92,369,000
Year Started 2014
Target Market All industries
Offered to Public? Yes
Fund Type Master Trust-MySuper

Fund Highlights - provided by max Super Fund - MySuper

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 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 10.60%
3.68%
11.95%
9.60%
17.95%
12.66%
-0.20%
14.73%
6.40%
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

max Super was established in 2005 in order to provide a superannuation product that is simple and easy to understand. The employer-sponsored division was established in 2007.

Members have access to a straightforward investment menu of 5 Diversified and 6 Single Sector options managed by BlackRock Asset Management. The default Balanced option has outperformed the SuperRatings Index in the shorter term.

The fee structure of max Super is straightforward with members charged a 1% administration fee regardless of investment selection. No fees are charged for switching investments, establishing or terminating an account, and no exit fee applies.

A full suite of insurance is provided. Income Protection insurance covers up to 75% of salary with a 90 day waiting period and 2 year benefit payment period. Members are required to work a minimum of 15 hours per week to be eligible for Income Protection insurance.

max Super offers a range of member education materials available on the fund's website. Members are also able to access their account details and perform transactions online.