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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
  • Fast Mover
Awards
Fund data valid as of May 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $76 $157 -$81
50k $305 $634 -$329
100k $560 $1,169 -$609

Investment Allocation

Intl shares 32.0%
Aus shares 35.0%
Property 6.0%
Fixed interest 20.5%
Cash 6.5%

Fees & Charges

Administration Fee ($) $50
Administration Fee (%) 0.01%
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 1,105,742
Total Assets $32,234,475,000
Year Started 2011
Target Market All industries
Offered to Public? Yes
Fund Type Master Trust-Personal

Fund Highlights - provided by ANZ Smart Choice Super

Account balance is visible on ANZ Internet Banking.
Age based default funds. The asset allocation is adjusted automatically for the customers to become more defensive as the customer gets older.
No underwriting required for Death only and Death & TPD cover.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 4.15%
3.68%
8.98%
9.60%
12.83%
12.66%
Fund
Benchmark
Conservative Balance 4.47%
3.36%
7.26%
7.28%
9.99%
9.64%
Fund
Benchmark
Diversified Fixed Interest 5.92%
3.55%
4.55%
3.93%
5.84%
5.52%
Fund
Benchmark
Growth 4.06%
3.64%
10.03%
10.71%
14.41%
14.01%
Fund
Benchmark
Australian Shares 3.71%
4.38%
5.85%
5.70%
15.61%
16.77%
Fund
Benchmark
Overseas Shares 0.12%
1.37%
9.48%
19.16%
20.30%
17.63%
Fund
Benchmark
Capital Stable 3.57%
3.24%
4.48%
5.66%
6.04%
7.34%
Fund
Benchmark
Property 12.93%
10.46%
8.23%
10.78%
12.33%
9.09%
Fund
Benchmark
Cash 1.74%
1.74%
2.22%
2.25%
2.35%
2.42%
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

ANZ Smart Choice is a low-cost offering and the latest addition to ANZ's product suite, introduced to compete against other low-cost Retail Master Trust and Industry products. The product retained SuperRatings' Fast Mover award for the second consecutive year for its exceptional positioning, promotion and distribution strategies and continues to provide good value to members, securing SuperRatings Gold rating for 2016.

Members have access to an investment menu that offers Single and Diversified Sector options. ANZ Smart Choice provides members the option to select a personalised investment mix, or enter an age based investment mix, progressively adjusting to a more conservative investment mix as the member moves towards and into retirement. The ANZ Smart Choice Super Growth option underperformed the SuperRatings Index in 2015.

The fee structure is competitive across all account balances assessed, with a standard Investment Management Fee (IMF) charged on all investments, except the Cash option, which does not incur an IMF.

Members have access to Death, Total & Permanent Disablement (TPD) and Income Protection (IP) cover. The fund offers 30, 60 and 90 day waiting periods on IP and the opportunity to increase their level of insured benefits at various life events.

A key feature of the product is the ability to track and manage your super account online via the ANZ 'Grow' app, alongside online banking, share investing and insurance. Financial planning services are also available, whilst all customer communications, including annual statements are delivered to the member's online account


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