MySuper balanced
The MySuper balanced option in detail
Return objective
- To maximise long-term investment returns while containing fluctuations in returns over shorter periods.
- To outperform an average annual return of CPI + 3.0% p.a. net of tax, investment and administration fees over rolling 10-year periods.
Risk profile
Offers a greater emphasis on assets that are likely to achieve higher returns but includes some lower-risk defensive assets to reduce short-term risks. This option is likely to produce a negative return in 3 to 4 years every 20 years.
Risk level:
Medium to High
Investor profile
Will suit investors looking for moderate to high returns over the medium to long-term, but who are prepared to accept some fluctuations in investment performance over shorter periods.
Investment strategy
Minimum suggested time frame for holding the investment is 5 years.
The Trustee may adjust the asset mix or vary the investment strategy from time to time. This could include varying the mix between growth assets and defensive assets.
Performance
MySuper product dashboard
Please note: This MySuper balanced option dashboard shows net investment return information as required by law and should be used for comparative purposes. Go to ASIC’s MoneySmart website for more information on how to pick the right MySuper product for you.
Representative member account
The investment return information is based on a representative member account balance of $50,000 each year in the MySuper balanced option. A representative member account balance assumes that:
- the 1 July balance each year is $50,000;
- no contributions are received; and
- the representative member account balance changes only due to the deduction of certain fees and costs.
The figures shown are less investment fees and administration fees, costs and taxes. Insurance fees and activity fees are not included in these calculations. Any return shown here may not be equivalent to the investment return reported elsewhere by the Fund and may not be the return credited to your account.
Return target
The return target is currently 3% p.a. above inflation, after fees and taxes, over rolling 10-year periods. Future returns are not guaranteed.
Return
The net return over ten years to 30 June 2019 is 8.4% p.a.
Level of investment risk
Medium to high. The probability of this option earning a negative return is approximately every 3 to less than 4 years out of every 20 years. The higher the expected return target, the more often you would expect a year of negative returns.
Statement of fees & other costs
Fees and other costs for a member with a $50,000 balance: $627.60 per year as at 1 July 2020.
Comparison between return and target return
The graph allows you to compare the return from the MySuper balanced option to the return target over a 10-year period.
Past performance is not an indication of future returns.
One-year return
The grey bars show the annual returns of the MySuper balanced option as an annual percentage earned over one year and as a rolling ten-year return to 30 June of each year. The returns are net of taxation, administration and investment fees and other costs.
Ten-year return
Illustrated by the orange line, the Ten-year return is the return (net of taxation, administration and investment fees and other costs) calculated using the returns for each of the years in the ten-year period.
Ten-year return target
Illustrated by the teal/blue line, the Ten-year return target is the rolling ten-year target return (net of taxation, administration and investment fees and other costs) plus growth in the consumer price index (CPI) and is calculated using the target returns for each year in the prior ten-year period.
Definitions
Return
The return is the investment return of a representative member net of administration and investment fees, costs and taxes. A representative member is one who is fully invested in the MySuper balanced option and maintains a balance of $50,000 throughout each year with no contributions received.
Return target
The return target is the expected return above inflation (after fees and costs) over a ten-year period.
Level of investment risk
This is the level of investment risk for the MySuper balanced option using the Standard Risk Measure that applies to risk descriptions that range from very low to very high.
Statement of fees and other costs
Based on a member with a $50,000 balance in the MySuper balanced option, the fees and other costs include the investment fee, administration fee and other indirect costs incurred in either investing the portfolio or administering the account. In calculating the portfolio returns shown in the table, these fees and other costs have been deducted. These fees do not include activity fees or insurance fees that a member may choose to incur. The fees shown are those charged from 1 July 2020. The fees and costs shown may change.
The information in this MySuper product dashboard is specific to legalsuper. It does not take into account your specific needs. You should consider your own financial position, objectives and requirements, and obtain and read the legalsuper Product Disclosure Statement (PDS) before making any decision based on anything included on this website. The PDS can be obtained at legalsuper.com.au. Past performance is not necessarily a guide to future performance.
