MySuper Dashboard

Return target

This represents the average annualised net return for Vision MySuper over the next 10 years (from 1 July 2024 to 30 June 2034). CPI refers to the Consumer Price Index which is an inflationary indicator that measures the change in the cost of a fixed basket of products and services as released by the Australian Bureau of Statistics (ABS).

The method for calculating the Return target is prescribed in MySuper legislation. It is intended to help people compare different MySuper funds. It is not necessarily the same as the Investment objective for the Balanced growth (MySuper) option (CPI + 3.0% per annum over rolling 15-year periods).

Future returns cannot be guaranteed. 

Return

This represents the net return of a representative member. The net return of the representative member is the net investment return less investment fees, administration fees, costs and taxes. Investment returns are not guaranteed.

Past performance is not a reliable indicator of future returns.

Comparison between return target and return

The first graph outlines the comparison between the historical return target and the historical returns for the Vision MySuper option for the previous 10 financial years as follows:

1. The red columns represent the net annual return of a representative member for each year in the comparison period.
2. The blue line represents the 10 year moving average return target.
3. The pink line represents the 10 year moving average net return of a representative member.

Level of investment risk

This represents the estimated number of years in a 20 year period where negative net investment returns may occur. This is based on the Standard Risk Measure (SRM) Guidance Paper for Trustees and SRM Implementation Guidance for Trustees which has been issued by the Association of Superannuation Funds of Australia and the Financial Services Council to develop a consistent methodology for determining a standard measure of investment risk.

The ‘high’ rating means that there is likely to be four to six periods of negative annual net investment returns over a 20 year period. The SRM is based on industry guidance to allow members to compare investment options that are expected to deliver a similar number of negative annual returns over any 20 year period.

The SRM does not take into account all forms of investment risk such as:

1. The size of a negative return.
2. The potential for a positive return to be less than you may require to meet your objectives.
3. The impact of administration fees and taxes on the likelihood of a negative return.

You should still ensure that you are comfortable with the risks and potential losses associated with this investment option.

Statement of fees and other costs

This represents the dollar value of fees and other costs that will be deducted from a representative member’s account balance in the Vision MySuper option during the current year.

Fees and costs for the current financial year include an estimate of the investment costs based on those costs for the year ended 30 June 2024. The investment costs for future years are not currently known and can be higher or lower. In the event that we increase our fees to cover any additional costs, we will notify you at least 30 days in advance and will update our disclosures on the website.