Advertisement
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.

  • MySuper Other
Awards
Fund data valid as of May 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $103 $157 -$54
50k $310 $634 -$324
100k $540 $1,169 -$629

Investment Allocation

Intl shares 12.0%
Aus shares 15.0%
Property 20.0%
Alternative 13.0%
Fixed interest 30.0%
Cash 10.0%

Fees & Charges

Administration Fee ($) $80
Administration Fee (%) 0.00%
Investment Fee 0.46%
Switching Fee $0
Exit Fee $41.18
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 25,700
Total Assets $699,521,589
Year Started 2014
Target Market Meat Industry
Offered to Public? No
Fund Type Industry-MySuper

Fund Highlights - provided by Meat Industry Employees Superannuation 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
Conservative Balance 6.30%
3.36%
11.50%
7.28%
14.20%
9.64%
2.20%
11.26%
7.50%
1.87%
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

MIESF is an accumulation superannuation fund that was established over 30 years ago to provide superannuation to employees in the meat industry.

The Fund's MySuper offering comprises a single diversified investment option, MIESF MySuper, a rebadged version of their preceding default option, the Trustee option. Past performance of the MIESF MySuper option (where data has been available) has been below average when compared to the SuperRatings Index.

MIESF's choice members also have access to another Diversified investment option.

The fund offers a competitive fee structure, with fees lower than the industry average across all assessed account balances. Members can switch between investment options without incurring a charge; however, an exit fee does apply.

MIESF provides Death and Total and Permanent Disablement (TPD) insurance cover to all eligible members. New members will have their death cover restricted to $100,000 until one year after the Fund receives their first employer contribution. Income Protection (IP) insurance is not available through this fund.

The fund provides occasional newsletters to members and has some education tools available on the website. Overall this is a low cost fund that provides relatively limited additional benefits to members.


Other Funds Promoted