How MySuper Funds performed over the September Quarter

2 December 2016
Did your employer choose your super fund for you? If so, chances are you have a MySuper Fund. Discover which ones delivered the highest returns over the September Quarter…

In their latest MySuper Statistics report, the Australian Prudential Regulation Authority (APRA) revealed the net returns of most MySuper funds over the September Quarter.

This net return figure = Reported quarterly net investment return – Calculated non-investment related fees, costs and taxes for that quarter

MySuper funds offer two main investment strategies:

Single diversified strategy The risk level (high, medium, low) of the fund remains the same throughout its life. It does this by keeping its diversified asset allocation consistent. For example, a medium to high risk fund might always invest with 70% in growth assets (riskier, e.g. shares and property) and 30% in defensive assets (lower risk, e.g. cash and bonds).
Lifecycle strategy The risk level of the fund changes as the years go by. Typically, the fund will have a high allocation of growth assets when you’re young, but when you’re older it steers your money towards more defensive investments. The general idea behind this strategy is to be more protective of your nest egg when you’re older because you’ll have less time for the fund to bounce back from any downturns such as a stock market crash. But, this strategy isn’t for everyone.


Below, we report the top performers of the September Quarter for both of these strategies. Do note, though, that past performance is no guarantee of future performance and shouldn’t be solely relied on as a reason for choosing a super fund. Check Canstar’s superannuation methodology for information on factors that Canstar considers when deciding on funds that represent outstanding value at various life stages.

Top 10 September Quarter Returns – Single Investment Strategy Funds

For MySuper funds with a single investment strategy, the average net return of the September Quarter 2016 was 2.87%.

These were the top 10 performers:

MySuper product name Fund Trustee Net return (%)
Lutheran Super LCA NOMINEES PTY. LTD. 4.15
ANZ Australian Staff Superannuation Scheme ANZ Staff Superannuation (Australia) Pty. Limited 3.95
Energy Super Electricity Supply Industry Superannuation (QLD) Ltd 3.91
Australian Ethical Retail Superannuation Fund Australian Ethical Superannuation Pty Ltd 3.90
MLC Super Fund Nulis Nominees (Australia) Limited 3.85
Water Corporation Superannuation Plan Water Corporation Superannuation Pty Limited 3.84
Russell Supersolution Master Trust Total Risk Management Pty Limited 3.83
IAG & NRMA Superannuation Plan IAG & NRMA Superannuation Pty Ltd 3.75
equipsuper Equipsuper Pty Ltd 3.58
The Victorian Independent Schools Superannuation Fund V.I.S. Nominees Pty. Limited 3.56

Source: APRA

Top September Quarter Returns – Lifecycle Strategy Funds

Across all lifecycle strategy funds, the average net return of the September Quarter 2016 was 2.33%.

Since each MySuper lifecycle product has a handful of different lifecycle funds, instead of displaying the top 10 lifecycle funds below, we’ve displayed the MySuper products that had one or more lifecycle funds achieving a 3% net return or better.

Out of 213 lifecycle funds that reported their net returns to APRA, a total of 58 achieved 3% or better. We’ve listed these below.

Top lifecycle strategy performers (net return of 3% or greater over September Quarter):

  1. Colonial First State FirstChoice: 9 Lifecycle funds achieved over 3%
    • Lifestage 2000-04: 5.00%
    • Lifestage 1995-99: 4.69%
    • Lifestage 1975-79: 4.67%
    • Lifestage 1980-84: 4.67%
    • Lifestage 1985-89: 4.67%
    • Lifestage 1990-94: 4.66%
    • Lifestage 1970-74: 4.58%
    • Lifestage 1965-69: 4.55%
    • Lifestage 1960-64: 3.71%
  2. AMP MySuper: 7 Lifecycle funds achieved over 3%
    • AMP SDF MySuper 1980s: 4.73%
    • AMP SDF MySuper 1990s: 4.69%
    • AMP SDF MySuper 1970s: 4.49%
    • AMP MySuper 1980s: 3.36%
    • AMP MySuper 1990s: 3.31%
    • AMP MySuper 1970s: 3.20%
    • AMP SDF MySuper 1960s: 3.18%
  3. CCA MySuper: 3 lifecycle funds achieved over 3%
    • CCA MySuper Future Directions High Growth: 4.41%
    • CCA MySuper Future Directions Growth: 3.92%
    • CCA MySuper Future Directions Balanced: 3.34%
  4. Local Government Super: 2 lifecycle funds achieved over 3%
    • MySuper Age_Based Investment Strategy High Growth: 4.02%
    • MySuper Age_Based Investment Strategy Balanced Growth: 3.01%
  5. Telstra Super MySuper: 2 lifecycle funds achieved over 3%
    • MySuper Growth: 3.85%
    • MySuper Balanced: 3.33%
  6. Mercer SmartPath: 8 lifecycle funds achieved over 3%
    • 1999 to 2003: 3.62%
    • 1994 to 1998: 3.32%
    • 1969 to 1973: 3.22%
    • 1974 to 1978: 3.22%
    • 1979 to 1983: 3.22%
    • 1984 to 1988: 3.22%
    • 1989 to 1993: 3.22%
    • 1964 to 1968: 3.12%
  7. Guild Retirement Fund (MySuper): 1 lifecycle fund achieved over 3%:
    • Building: 3.68%
  8. BT Business MySuper: 4 lifecycle funds achieved over 3%:
    • MySuper 2000s LifeStage: 3.53%
    • MySuper 1980s LifeStage: 3.09%
    • MySuper 1990s LifeStage: 3.08%
    • MySuper 1970s LifeStage: 3.07%
  9. Australia Post MySuper: 3 lifecycle funds achieved over 3%:
    • Australia Post MySuper 1980s: 3.49%
    • Australia Post MySuper 1990s: 3.44%
    • Australia Post MySuper 1970s: 3.32%
  10. AFLPA & AFL Industry MySuper: 3 lifecycle funds achieved over 3%:
    • AFLPA & AFL MySuper 1980s: 3.46%
    • AFLPA & AFL MySuper 1990s: 3.40%
    • AFLPA & AFL MySuper 1970s: 3.29%
  11. First State Super MySuper: 1 lifecycle fund achieved over 3%:
    • Diversified: 3.43%
  12. Mine Wealth and Wellbeing: 1 lifecycle fund achieved over 3%:
    • Aggressive: 3.26%
  13. ANZ Smart Choice Super: 2 lifecycle funds achieved over 3%:
    • ANZ Smart Choice Super 1990s: 3.15%
    • ANZ Smart Choice Super 1980s: 3.11%
  14. Virgin Super Essentials: 1 lifecycle fund achieved over 3%
    • Life Stage Tracker Balanced Under 40S Mix: 3.06%
  15. AON MySuper: 1 lifecycle fund achieved over 3%
    • Aon MySuper High Growth: 3.05%

Fund type: Industry vs Retail vs Public Sector vs Corporate

Using the quarterly MySuper returns data, we can compare how the different fund types matched up in performance.

Single investment strategy funds

Fund Type Number of Funds Average net return
Industry 41 2.92%
Retail 20 2.71%
Corporate 13 3.16%
Public Sector 7 2.53%

Source: APRA. Averages Calculated by CANSTAR

Lifecycle strategy funds

Fund Type Number of Funds Average net return
Retail 174 2.32%
Industry 16 2.50%
Public Sector 16 2.19%
Corporate 7 2.65%

Source: APRA. Averages Calculated by CANSTAR

Compare Superannuation Funds on Price and Features

Of course, you should never rely on past returns when choosing a superannuation fund. Canstar compares superannuation funds on price and features. If you’re comparing Superannuation funds, the comparison table below displays some of the products currently available on Canstar’s database for Australians aged 30-39 with a balance of up to $55,000, sorted by Star Rating (highest to lowest), followed by company name (alphabetical). Use Canstar’s superannuation comparison selector to view a wider range of super funds.

Fee, performance and asset allocation information shown in the table above have been determined according to the investment profile in the Canstar Superannuation Star Ratings methodology that matches the age group you selected.

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