Investment performance of MIESF MySuper
This table shows the annual effective rate of net earnings, after tax and investment costs, allocated to members' accounts over the past ten years.
Year ended 30 June
Rate allocated to Main and Spouse section accounts %
Rate allocated to Pension section accounts %
|5-year compound average p.a.||7.9||8.7|
|10-year compound average p.a.||5.1||5.7|
During the year ended 30 June 2016 the earnings rates allocated to Main and Spouse section accounts invested in MIESF MySuper were:
|01/07/2015 - 31/12/2015||6.2% p.a.||(3.1% for 6 months)|
|01/01/2016 - 30/06/2016||5.2% p.a.||(2.6% for 6 months)|
The compound effect of applying 6.2% p.a. for 184 days and 5.2% p.a. for 182 days is 5.8% for the year.
The earnings rates allocated to Pension section accounts were:
|01/07/2015 - 31/12/2015||6.8% p.a.||(3.4% for 6 months)|
|01/01/2016 - 30/06/2016||5.6% p.a.||(2.8% for 6 months)|
The compound effect is 6.3% for the year.
Investment strategies vary significantly between funds and investment options. MIESF MySuper has a history of providing good returns from a conservative investment strategy with lower exposure to shares, than most other superannuation funds. However, you should be aware that past performance is not a guide to future performance.
The average increase in inflation, as measured by the CPI, for the 10 years ended 30 June 2016 was 2.4% per annum.
Investment performance of the High Growth Option
The High Growth Option commenced from 31 January 2009. The investment return achieved by the Fund's High Growth Option was 4.3% for the 5 months from 31 January to 30 June 2009. Members who switched from the Trustee Option (now called MIESF MySuper) to 100% High Growth Option on 31 January 2009 achieved a return of -5.8% for the year ended 30 June 2009.
The High Growth Option's annual effective rate of net earnings, after tax and investment costs, allocated to members' accounts in the seven years since 30 June 2009 are set out below.
Please note that past performance is not a reliable indicator of future performance.
Year ended 30 June
Rate Allocated (%)
|5-year compound average p.a.||10.2|
|7-year compound average p.a.||10.2|
During the year ended 30 June 2016 the earnings rates allocated to accounts in the High Growth Option were:
|01/07/2015 - 31/12/2015||2.0% p.a.||(1.0% for 6 months)|
|01/01/2016 - 30/06/2016||4.0% p.a.||(2.0% for 6 months)|
The compound effect is 3.0% for the year.