Investment performance of MIESF MySuper

This table shows the annual effective rate of net earnings credited to members’ accounts over the past ten years.

The crediting rates are net of taxes, investment costs and the percentage based administration fee that is deducted from investment returns since 1 July 2019.

Year ended 30 June
Rate allocated to Main and Spouse section accounts % Rate allocated to Pension section accounts %
2020 3.5 4.0
2019 8.3 9.5
2018 10.4 11.5
2017 9.4 10.3
2016 5.8 6.3
2015 6.3 7.2
2014 11.5 12.6
2013 14.2 15.6
2012 2.2 2.4
2011 7.5 8.5
5-year compound average p.a. 7.4 8.3
10-year compound average p.a. 7.8 8.7

During the year ended 30 June 2020 the earnings allocated to Main and Spouse section accounts invested in MIESF MySuper were:

Period
Earnings for the Period %
01/07/2019 – 31/12/2019 4.0
01/01/2020 – 31/01/2020 2.0
01/02/2020 – 29/02/2020 -2.5
01/03/2020 – 31/03/2020 -6.1
01/04/2020 – 30/04/2020 2.4
01/05/2020 – 31/05/2020 2.2
01/06/2020 – 30/06/2020 1.8

The compound effect of applying these earnings is 3.5% for the year.

The earnings allocated to Transition to Retirement Pensions are the same as the MIESF MySuper earnings from 1 July 2017 onwards.

The earnings allocated to other Pension section accounts were:

Period
Earnings for the Period %
01/07/2019 – 31/12/2019 4.5
01/01/2020 – 31/01/2020 2.2
01/02/2020 – 29/02/2020 -2.9
01/03/2020 – 31/03/2020 -6.8
01/04/2020 – 30/04/2020 2.7
01/05/2020 – 31/05/2020 2.5
01/06/2020 – 30/06/2020 2.2

The compound effect is 4.0% 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 2020 was 1.8% per annum.

Investment performance of the High Growth Option

The High Growth Option commenced from 31 January 2009.

The High Growth Option’s annual effective rate of net earnings credited to members’ accounts in the ten years since 30 June 2010 are set out below.

The crediting rates are net of taxes, investment costs and the percentage based administration fee that is deducted from investment returns since 1 July 2019.

Please note that past performance is not a reliable indicator of future performance.

Year ended 30 June
Rate Allocated (%)
2020 -0.4
2019 9.2
2018 11.5
2017 10.8
2016 3.0
2015 12.9
2014 16.0
2013 21.7
2012 -0.8
2011 9.5
5-year compound average p.a. 6.7
10-year compound average p.a. 9.1

During the year ended 30 June 2020 the earnings allocated to accounts in the High Growth Option were:

Period
Earnings for the Period %
01/07/2019 – 31/12/2019 5.4
01/01/2020 – 31/01/2020 2.9
01/02/2020 – 29/02/2020 -5.1
01/03/2020 – 31/03/2020 -12.0
01/04/2020 – 30/04/2020 5.7
01/05/2020 – 31/05/2020 3.3
01/06/2020 – 30/06/2020 0.7

The compound effect of applying these earnings is -0.4% for the year.