What this option is
80% of your money is in growth assets.
The remaining 20% is in defensive assets such as bonds and cash. That puts this option in the 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
81bp
Total annual fee estimate for a $50,000 balance in the APRA data snapshot.
10-year net return
6.7%
Past performance is not a reliable indicator of future performance.
Classification evidence
Original fund labelsmartMonday Lifecycle - smartMonday Lifecycle 47
Standard bucketLifecycle MySuper default
Growth bandGrowth (75-90% growth)
Risk bandHigher risk - about 1 in 5 years with a negative annual return
USI68964712340051
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 |
|---|
AMP Super Fund AMP MySuper No.3 - AMP MySuper 1960s | 79% | 83bp | 5.5% |
Aware Super MySuper Lifecycle - Manage - Age 58 | 81% | 87bp | 7.5% |
Aware Super MySuper Lifecycle - Manage - Age 59 | 79% | 86bp | 7.4% |
Retirement Portfolio Service ANZ Smart Choice Super for employers and their employees - ANZ Smart Choice 1970S | 79% | 100bp | 7.1% |
