What this option is
76% of your money is in growth assets.
The remaining 24% 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
82bp
Total annual fee estimate for a $50,000 balance in the APRA data snapshot.
10-year net return
5.9%
Past performance is not a reliable indicator of future performance.
Classification evidence
Original fund labelsmartMonday Lifecycle - smartMonday Lifecycle 53
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 |
|---|
Aware Super MySuper Lifecycle - Manage - Age 60 | 76% | 84bp | 6.4% |
Colonial First State FirstChoice Superannuation Trust FirstChoice Employer Super - CFS Lifestage (1965-1969) | 76% | 73bp | 6.9% |
Essential Super Essential Super - Lifestage 1965-69 option | 76% | 73bp | 6.4% |
MLC Super Fund MySuper - MySuper Age 58 | 76% | 103bp | 6.4% |
