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Home / Super funds / Best performing pension funds

Best performing pension funds: High Growth category (81–95%)

August 6, 2020 by Nicole Small Leave a Comment

Reading time: 3 minutes

On this page

  • What is a High Growth investment option?
  • Top 10 High Growth investment options (pension funds): 1 year to June 2020
  • Top 10 High Growth investment options (pension funds): 10 years to June 2020

Important: Past performance is not necessarily a guide to future performance. The returns that super funds achieve will change over time and readers should continue to monitor their super’s performance.

All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions.


In this article you can discover the top 10 performing High Growth pension funds over 1 year and 10 years. We recommend that you also read our explanatory article Introduction to SuperGuide’s top 10 performing super fund lists which can help you understand how to compare the different risk categories that super investment options sit within. 

What is a High Growth investment option?

Investment options with an 81–95% allocation to growth assets are termed High Growth by Chant West, a research company that has been analysing super fund performance for more than 20 years.

High Growth investment options may appeal to people who want the high return opportunities of growth assets with the slight cushioning effect of a small exposure to defensive assets.

Note: Investments such as shares, property, infrastructure and private equity are referred to as growth assets for their ability to produce strong returns over the long term, but they are more likely to experience volatility (and even negative returns) in shorter timeframes. Conversely, assets like cash and fixed interest are referred to as defensive assets for their ability to defend against volatility, but generally cannot produce high returns over long periods of time.  

How does a High Growth investment option behave?

In the short term, investment options in the High Growth risk category may experience more volatility than a Growth-style investment, but less volatility than an All Growth-style investment.

In the long term, a High Growth-style investment option will generally grow more than a Growth-style investment option but not as much as an All Growth-style investment option.

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Click here to compare more than 90 Australian super funds, including returns, fees, features, awards and more.

Top 10 High Growth investment options (pension funds): 1 year to June 2020

Super fundInvestment optionReturn
SuncorpMulti-Manager High Growth3.7%
UniSuperGrowth1.8%
Vision SuperGrowth1.6%
First State SuperHigh Growth1.4%
BUSSQHigh Growth1.2%
Australian EthicalGrowth0.9%
Catholic SuperAggressive0.7%
AustralianSuperHigh Growth0.7%
HostplusShares Plus0.7%
LGIAsuperAggressive0.6%

Source: Chant West. The top 10 is limited to High Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.


If your pension fund is not listed as one of the top performers, check where it appears in our pension fund rankings:

  • Pension fund rankings: All Growth category (96–100%)
  • Pension fund rankings: High Growth category (81–95%)
  • Pension fund rankings: Growth category (61–80%)
  • Pension fund rankings: Balanced category (41–60%)
  • Pension fund rankings: Conservative category (21–40%)

2019/20 was a challenging financial year for investing and the global economy in general, and the median 1 year return for High Growth investment options across the board was -0.8%. (Median returns track the mid-point of all contenders in any one category and are good way to add context to what you’re looking at. You can see the median returns of all risk categories over a broad range of timeframes here).

Playing the long game

It’s important to keep an eye on how your pension is performing for you year to year (and interesting to see how other funds have performed), but for most people, superannuation will be the longest-held investment we ever have, and our lens on super should reflect that. 

Longer-term figures are more significant because they incorporate the ups and downs over that entire period, and allow us to see which investment managers can consistently deliver superior performance, regardless of changing external conditions. 

Top 10 High Growth investment options (pension funds): 10 years to June 2020

Super fundInvestment optionReturn (% per yr)
QSuperAggressive10.7%
CbusHigh Growth10.6%
HostplusShares Plus10.5%
AustralianSuperHigh Growth10.4%
UniSuperGrowth10.4%
Catholic SuperAggressive10.3%
First State SuperHigh Growth10.3%
Australian EthicalGrowth10.2%
Legal SuperHigh Growth10.1%
BUSSQHigh Growth10.0%

Source: Chant West. The top 10 is limited to High Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.

Again median figures can provide good context. In the ten-year period to June 2020, High Growth investment options as a category delivered a median return of 9.7%. 

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A small difference in performance makes a big difference over time

Although the difference between the top performer and the median may not seem that significant (1.0% per year), the difference builds up significantly over time due to compounding. We have developed the SuperGuide Super fees and returns calculator to help readers understand the difference the fees they pay and projected returns may make over time.

For example, for a 67-year-old with $500,000 in super achieving 10.7% per year, their super balance would grow to approximately $1,606,681 by age 85 (assuming 0.8% in fees and not withdrawing any super) .

All other things being equal, achieving 9.7% instead would mean a super balance of approximately $1,356,188 – a difference of $250,493, or approximately 16% less.

But don’t forget sequencing risk

When you are nearing or in retirement it is important to allow for sequencing risk, particularly if you need to draw down a significant part of your super balance. Learn more in SuperGuide article 5 ways sequencing risk affects your retirement.

Learn more about taking a super pension in the following SuperGuide articles:

Consider these two risks before you start a super pension

April 9, 2020

What strategies can I consider to reduce tax on my super pension?

April 1, 2020

Minimum pension payments for 2020/21 (including calculator)

April 1, 2020

Guide to transition-to-retirement pensions (TTRs or TRISs)

March 22, 2020

Choosing a pension fund

February 14, 2020

Definitive guide to the $1.6 million transfer balance cap

January 30, 2020

Proportioning rule and super tax: What it is and why it matters

July 12, 2019

Starting a pension from your super

July 1, 2019

What are annuities, and will they work for me?

February 1, 2019

Learn more about the best performing pension funds in the following SuperGuide articles:

Best performing pension funds: All Growth category (96–100%)

August 6, 2020

Best performing pension funds: Growth category (61–80%)

August 6, 2020

Best performing pension funds: Balanced category (41–60%)

August 6, 2020

Best performing pension funds: Conservative category (21–40%)

August 6, 2020

Super funds mentioned in this article

Suncorp Master Trust UniSuper Vision Super (Local Authorities Superannuation Fund) First State Super (First State Superannuation Scheme) BUSSQ (Building Unions Superannuation Scheme Queensland) Australian Ethical Retail Superannuation Fund AustralianSuper Hostplus Superannuation Fund LGIAsuper QSuper Cbus (Construction & Building Unions Superannuation) legalsuper

Related topics

Best performing pension funds Super funds

IMPORTANT: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions. Comments provided by readers that may include information relating to tax, superannuation or other rules cannot be relied upon as advice. SuperGuide does not verify the information provided within comments from readers. Learn more

© Copyright SuperGuide 2009-21. Copyright for this article belongs to SuperGuide Pty Ltd, and cannot be reproduced without express and specific consent. Learn more

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All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs.

You should consider whether any information on SuperGuide is appropriate to you before acting on it.

If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions.

Learn more

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