Morningstar second quarter superannuation survey
The top performing superannuation funds.
In this quarter's Morningstar Superannuation Survey, we looked at 364 options(including MySuper and Choice options, excluding Transition to Retirement options) across our superannuation multisector Morningstar Categories. We traversed the profit-for-member and for-profit landscapes. The Superannuation Survey focuses on fund performance, total fees (including investment and administration), and net assets.
Retirement is a long-term game. Who topped the tables over 3 and 5 years as of Jun. 30
In the superannuation multisector balanced category, Hostplus Conservative Balanced again topped the table over the three-, five-, and ten-year time horizons. West State Super My Super performed well over the five-year and ten-year periods, while MINE Conservative Balanced Super was in third place over the short-term three-year and five-year periods. 21 out of the 50 options outperformed the Morningstar AUS Balance Target Allocation Net Return AUD.
In the superannuation multisector growth category over the three-year time frame, the ART Balanced Super, Aware Balanced Socially Conscious Super and ART Lifecycle Balanced Super took the top three spots. Over five years, Brighter Optimiser Multi-Manager Balanced, Aware Balanced Socially Conscious, and Hostplus SRI Balanced Super topped the tables.
In the superannuation multisector aggressive category over the three-year horizon saw the MINE High Growth Super, REST Shares Super and ART Growth Super leading the peer group. Over the five-year and ten-year time horizons, the MLC Aggressive options performed strongly as did the UniSuper Sustainable High Growth Super and the REST Shares Super options.
Largest options—MySuper options lead the way
Based on reported data, the largest options across the growth category were AustralianSuper Balanced, Rest Core, Hesta Balanced Growth, ART Lifestyle Balanced, and UniSuper Balanced . We are seeking to uplift our data collection of monthly funds under management data so we can improve our insights in this area.
Superannuation Multisector Growth Morningstar Category—Fees
Morningstar uses the total cost ratio (prospective) data point to assess the total fees and costs that are associated with managing and administering an investment product in Australia. This data point includes investment management fees and costs; administration fees and costs; performance fee costs; and total annual dollar-based charges. It subtracts super over-the-counter derivative costs (to the extent these are reported), and it does not include transaction and operational costs. The average total cost ratio (prospective) came in around 0.78% for the superannuation multisector growth category.
