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What the Researchers Say:

A "reasonable value for money" superannuation fund that is performing well in a number of assessment areas but with average or below average features and/or performance in a number of other areas of our assessment.

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

  • Silver
Awards
Fund data valid as of April 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $203 $152 $51
50k $1,465 $614 $851
100k $2,930 $1,133 $1,797

Investment Allocation

Intl shares 27.0%
Aus shares 29.0%
Property 3.0%
Alternative 20.0%
Fixed interest 17.0%
Cash 4.0%

Fees & Charges

Administration Fee ($) $0
Administration Fee (%) 0.01%
Investment Fee 2.92%
Switching Fee $0
Exit Fee $0
Account Size Discount Yes
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 2001
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-Personal

Fund Highlights - provided by OnePath OptiMix Super

Choice of 12 OptiMix investment funds, 5 diversified and 7 asset specific options.
Entry Fee and Nil Entry Fee options with rebates applicable on account balances over $100,000.
Switching between investment options does not incur a fee.
Online account information, statements, annual reports, switch processing via account access.
Member fee only applies to account balances under $10,000.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced -1.25%
1.43%
6.86%
9.60%
9.49%
12.66%
12.78%
14.73%
-3.84%
0.45%
4.73%
8.71%
Fund
Benchmark
High Growth -2.50%
0.30%
8.51%
11.66%
12.78%
15.76%
18.62%
20.40%
-7.24%
-3.15%
4.99%
9.40%
Fund
Benchmark
Conservative Balance -0.26%
1.45%
5.71%
7.28%
7.62%
9.64%
9.44%
11.26%
-1.38%
1.87%
4.46%
7.70%
Fund
Benchmark
Secure 0.10%
1.45%
0.19%
7.28%
0.52%
9.64%
1.51%
11.26%
1.63%
1.87%
2.72%
7.70%
Fund
Benchmark
Growth -1.81%
1.01%
7.74%
10.71%
11.23%
14.01%
15.70%
17.11%
-5.66%
-0.95%
4.95%
9.40%
Fund
Benchmark
Australian Shares -1.34%
1.10%
2.16%
5.70%
13.47%
16.77%
19.66%
21.07%
-8.62%
-6.15%
6.72%
11.00%
Fund
Benchmark
Overseas Shares -2.53%
-3.02%
20.35%
19.16%
13.94%
17.63%
26.50%
26.14%
-5.74%
-2.45%
3.58%
5.86%
Fund
Benchmark
Capital Stable 0.46%
2.09%
4.08%
5.66%
5.69%
7.34%
6.31%
8.29%
0.46%
4.06%
3.80%
6.70%
Fund
Benchmark
Property 15.43%
9.58%
16.57%
10.78%
8.40%
9.09%
21.43%
10.99%
5.98%
7.12%
0.38%
8.00%
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

OnePath's OptiMix Super is a flexible retail superannuation product that offers a range of multi-manager funds, managed by individual investment managers based on their specific expertise.

Although the product closed to new members in July 2007, existing members can invest in the Optimix range of Multi and Asset Specific strategies and have the flexibility to make unlimited switches, free of charge. The OnePath OptiMix Balanced (NCF) underperformed the SuperRatings Index in 2015 and over the longer term.

OptiMix Super's fees are higher than the industry average across all account balances assessed, although the deferred ongoing entry fee reduces after an initial 4 year period. The fixed member fee is waived on account balances exceeding $10,000 with further rebates applied to balances over $100,000.

The insurance offering does not include Income protection cover, although Voluntary Death and Total & Permanent Disablement insurance is available. Members working the minimum required 15 hours per week are eligible for the cover.

Other features include full financial planning and access to 'InvestorBenefits', which provides discounted health, lifestyle and entertainment benefits.


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