Note: This article lists the 30 top-performing super funds over 5 years to 31 December 2016. For the top-performing pension (retirement) funds, see SuperGuide article Super performers! Top 30 pension (retirement) funds over 5 years.
The investment performance articles on the SuperGuide website are some of the most popular articles for our 2 million or so readers. The table contained in this article clearly demonstrates which super funds have delivered the top returns for Australian fund members over the past 5 years (for super savings invested in the balanced/growth style option).
We would like to thank SuperRatings for providing the data contained in this article, and set out in the table below. The balanced options listed in the table below, are generally the default investment options for super fund members, that is for those super fund members who do not actively choose an investment option.
The top-performing super fund over 5 years is…
The award for the top-performing balanced investment option over the 5-year period to 31 December 2016, delivering an average annual return of 11.4% over the 5 years, belongs to industry super fund, UniSuper, according to SuperRatings. The specific investment option was UniSuper Accum (1) – Balanced.
You can find the performance rankings for the top 30 super funds in the table below, but briefly, Cbus – Growth (Cbus MySuper) came in second with an average annual return over 5 years to 31 December 2016 of 11.3%, and HOSTPLUS – Balanced came third with an average annual return over 5 years of 11.1%.
AustralianSuper – Balanced and CareSuper – Balanced came fourth and fifth respectively, with an average annual return of 11.0% over the 5-year period to 31 December 2016. Due to rounding to one decimal place, these 2 super fund options delivered the same average annual return of 11.0%, but rankings are based on more precise, unrounded figures, according to rating company, SuperRatings.
Sixth in the performance stakes with an average annual return of 10.9% over 5 years was Telstra Super Corp Plus – Balanced, while seventh and eighth place were Sunsuper for Life – Balanced and REST – Core Strategy respectively, with an average annual return of 10.7% over the same period.
Ninth and tenth place, with an average annual return of 10.6% over the 5 years to 31 December 2016, went to Equip MyFuture – Balanced Growth, and BUSSQ Premium Choice – Balanced Growth, respectively.
The next 3 place-gettings in the top 30 performers over 5 years to 31 December 2016 were awarded to Intrust Core Super – MySuper (11th), Energy Super – Balanced Option (12th), and Catholic Super – Balanced (13th), with each of these 3 super fund options delivering an average annual return of 10.5%. Due to rounding to one decimal place, these 3 super fund options delivered the same average return of 10.5% a year over 5 years, but ranked differently due to more precise unrounded data, according to rating company, SuperRatings.
The next 6 super funds (placed 14 to 19) delivered an average annual return ranging from 10.4% down to 10.0% over the 5-year period. The remaining 11 super funds in the top 30 performing super funds delivered an average annual return ranging from 9.9% down to 9.5% over the 5 years to 31 December 2016. See table below for more information.
The top-performing super fund over 10 years is…
REST is the top-performing super fund over 10 years to 31 December 2016, with an annual average return of 6.3%, according to SuperRatings. Over 10 years, the second top-performing super fund, delivering an average annual return of 6.3% over 10 years, was CareSuper – Balanced, and the third top-performing fund was Cbus – Growth (Cbus MySuper) with an average annual return of 6.1% over 10 years.
Over 10 years, BUSSQ Premium Choice – Balanced Growth, and Catholic Super – Balanced, and HOSTPLUS – Balanced, and UniSuper Accum (1) – balanced, came a close fourth, fifth sixth and seventh respectively, with an average annual return of 6.0% over 10 years to 31 December 2016. A mere 0.3 percentage points separates the top-performing super fund from the seventh-ranked fund over 10 years to 31 December 2016.
What is especially interesting is the top-performer over 5 years, UniSuper Accum (1) – Balanced, ranked in the top 10 performers over 3 years (8.2% p.a., 8th), over 5 years (11.4% p.a., first), over 7 years (8.3% p.a., 6th), and over 10 years (6.0% p.a., 7th) to 31 December 2016.
The glory does not belong to UniSuper alone, because the top 5 performing super funds over 5 years to 31 December 2016 (see table below), were also in the top 10 performers over 3 years, 7 years and 10 years, based on data provided by SuperRatings (and not appearing in the table below).
All-star performers: Cbus – Growth (Cbus MySuper) and HOSTPLUS – Balanced have the honour of appearing in the top 3 performing super funds over 1 year, 3 years, 5 years and 7 years to 31 December 2016. Over 10 years, Cbus remained in the top 3, but HOSTPLUS slipped to sixth position – not too shabby (especially considering 0.1 percentage point separated third position from sixth position).
The table below lists the top 30 performing balanced investment options for the 5-year period to 31 December 2016, according to superannuation rating agency, SuperRatings.
At the end of this article, you can find links to other interesting articles, including the top 30 performing pension (retirement) funds for the 5-year period to 31 December 2016, the best-performing asset classes, and the cheapest insurance offerings within super funds.
Top 30 balanced (60-76) investment options over 5 years (to 31 December 2016)
|Ranking for 5-year performance||Name of super fund||Fund type||Anyone can join (Y/N)||5 years: per annum (%)||Fees per $50,000|
|1||UniSuper Accum (1) – Balanced||Industry||N||11.4%||$341|
|2||Cbus – Growth (Cbus MySuper)||Industry||Y||11.3%||$498|
|3||HOSTPLUS – Balanced||Industry||Y||11.1%||$678|
|4||AustralianSuper – Balanced||Industry||Y||11.0%||$398|
|5||CareSuper – Balanced||Industry||Y||11.0%||$608|
|6||Telstra Super Corp Plus – Balanced||Corp||N||10.9%||$538|
|7||Sunsuper for Life – Balanced||Industry||Y||10.7%||$368|
|8||REST – Core Strategy||Industry||Y||10.7%||$407|
|9||Equip MyFuture – Balanced Growth||Industry||Y||10.6%||$468|
|10||BUSSQ Premium Choice – Balanced Growth||Industry||Y||10.6%||$438|
|11||Intrust Core Super – MySuper||Industry||Y||10.5%||$523|
|12||Energy Super – Balanced Option||Industry||Y||10.5%||$472|
|13||Catholic Super – Balanced||Industry||Y||10.5%||$564|
|14||AON MT Corp Ess – Balanced Growth – Active||Master Trust – Corporate||Y||10.4%||$796|
|15||AustSafe Super – MySuper (Balanced)||Industry||Y||10.4%||$505|
|16||Rei Super –Balanced||Industry||Y||10.3%||$426|
|17||HESTA – Core Pool||Industry||Y||10.3%||$480|
|18||First State Super – Growth||Industry||Y||10.2%||$397|
|19||MLC MKey – Horizon 4 – Balanced Portfolio||Master Trust – Corporate||Y||10.0%||$788|
|20||Plum – Pre-mixed Moderate||Master Trust – Corporate||Y||9.9%||$758|
|20||Kinetic Super – Growth||Industry||Y||9.9%||$431|
|22||AMP SS – Future Directions Balanced||Master Trust – Corporate||Y||9.9%||$847|
|23||Russell iQ Super Emp – Russell Balanced Portfolio||Master Trust – Corporate||Y||9.9%||$569|
|24||Media Super – Balanced||Industry||Y||9.8%||$430|
|25||CSC PSSap – MySuper Balanced||Public Sector||N||9.8%||$425|
|26||GESB Super – My GESB Super Plan||Public Sector||N||9.8%||$411|
|27||Mercer Super Trust – Mercer Growth||Master Trust – Corporate||Y||9.7%||$688|
|28||Local Government Super Accum – Balanced Growth||Industry||N||9.7%||$400|
|29||Vision SS – Balanced Growth||Industry||Y||9.6%||$473|
|30||VicSuper FutureSaver – Balanced Option||Industry||Y||9.5%||$438|
|SR50 Balanced (60-76) Index||9.8%|
Source: Table created by SuperGuide with data supplied by SuperRatings. The returns quoted in the performance tables are after tax, net of investment management fees (including net of implicit asset-based administration fees). This includes management and administration fees that are deducted before returns are credited to members account. Fees that are deducted directly from accounts, rather than through returns, and disclosed on a member’s statement are not deducted, e.g. fixed dollar member fees.
*Interim results subject to confirmation
Table note one:While performance data is shown to one decimal place, rankings are based on more precise, unrounded data.
Table note two: The term 60-76 represents the percentage of growth assets (such as shares and property) in the investment portfolio.
Table note three: Fees per $50,000 balance refers to annual fees on a $50,000 balance as at 31 December 2016, as per the product disclosure statement of the super fund. Fees include percentage-based administration fees, member fees, investment management fees (including performance-based fees) and taxes, but exclude any applicable employer size rebates.
For more information on the top-performing superannuation funds see the following SuperGuide articles:
- Retirement performers! Top 30 pension funds over 5 years
- Top 10 performing super funds for 2016 calendar year, and for past 10 years
- Asset classes: Naming the investment winners for the 2016 calendar year
- Super funds return 7.7% for 2016 calendar year
- Super funds gain 3% for 2015/2016 financial year
- Super fees: Top 10 cheapest funds in Australia