What this option is
71% of your money is in growth assets.
The remaining 29% is in defensive assets such as bonds and cash. That puts this option in the Balanced / Growth band, typically used for 7-10 years or longer.
Caveat: Higher growth means more potential upside over the long run, but also more volatility year to year. This option's risk label expects a negative annual return about 1 in 5 years.
Fees
102bp
Total annual fee estimate for a $50,000 balance in the APRA data snapshot.
10-year net return
6.1%
Past performance is not a reliable indicator of future performance.
Classification evidence
Original fund labelMySuper - MySuper Age 63
Standard bucketLifecycle MySuper default
Growth bandBalanced / Growth (60-75% growth)
Risk bandHigher risk - about 1 in 5 years with a negative annual return
USI70732426024883
Performance testUnknown
Source statusComparable APRA metrics confirmed.
Comparison statusIncluded in ranked default comparison.
Data limitationNo public data limitations identified.
Similar options
| Fund / option | Growth | Fees | 10y net |
|---|
Smart Future Trust smartMonday Lifecycle - smartMonday Lifecycle 58 | 71% | 82bp | 5.2% |
Aware Super MySuper Lifecycle - Manage - Age 62 | 70% | 82bp | 6.2% |
Smart Future Trust smartMonday Lifecycle - smartMonday Lifecycle 57 | 72% | 82bp | 5.3% |
Smart Future Trust smartMonday Lifecycle - smartMonday Lifecycle 59 | 70% | 82bp | 5.0% |
