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AustralianSuper vs Australian Retirement Trust (formerly Sunsuper)
Trying to decide between AustralianSuper and Australian Retirement Trust (Sunsuper)? We've compared their fees, investment options, performance and extras side by side to help you choose.
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Both AustralianSuper and Australian Retirement Trust are among the biggest super funds in Australia, with more than a million members each and billions of dollars in funds under management. If you're stuck choosing between the two funds, this comparison may help you decide.
AustralianSuper vs Australian Retirement Trust
Let's dive in and compare the two super funds side by side, so you can see which one might be right for you.
This is a pre-mixed, diversified fund that invests your super in a range of assets with a strong allocation towards Australian and international shares, direct property and infrastructure. Investment allocation is the same for all members in the Balanced fund, regardless of age. It's an authorised MySuper product.
This fund is a pre-mixed, diversified fund that invests in a range of assets with a strong allocation towards Australian and international shares and is an authorised MySuper product.
This product is also a lifecycle fund that will automatically reduce your exposure to high-risk assets like shares as you get closer to retirement. It's split into three different life stages.
Performance
Past performance of AustralianSuper Balanced:
10 years: 8.61% p.a.
5 years: 6.75% p.a.
Past performance of Australian Retirement Trust (formerly Sunsuper for Life) - Lifecycle Balanced Pool:
10 years: 8.4% p.a.
5 years: 6.98% p.a.
Fees
Here's how much you'd pay in fees for one year if you had the following amounts invested in AustralianSuper Balanced:
$5,000 balance: $85 in fees
$50,000 balance: $382 in fees
$100,000 balance: $712 in fees
Here's how much you'd pay in fees for one year if you had the following amounts invested in:
$5,000 balance: $110.90 in fees
$50,000 balance: $547.40 in fees
$100,000 balance: $1,032.40 in fees
Additional diversified investment options
If you don't want to invest in the default option (AustralianSuper Balanced), you can choose to invest your super in one of the following pre-made investment options instead:
High Growth
Socially Aware
Indexed Diversified
Conservative Balanced
Stable
If you don't want to invest in the default option (Lifecycle), you can choose to invest your super in one of the following pre-made investment options instead:
Growth
Balanced
Balanced - Indexed
Socially Conscious Balanced
Diversified Alternatives
Retirement
Conservative
Single asset class investment options
If you want to design your own investment mix, you can invest your super in one or more of the following individual asset classes:
Australian Shares
International Shares
Property
Diversified Fixed Interest
Cash
If you want to design your own investment mix, you can invest your super in one or more of the following individual asset classes:
Both funds invest in a mix of both growth assets (like shares and property) and defensive assets (like bonds and cash). With AustralianSuper Balanced, the investment mix is the same for all members invested in this option, regardless of your age. However, with Australian Retirement Trust Lifecycle, it will gradually reduce your exposure to growth assets as you get older and closer to retirement to help minimise your investment risk. The idea behind this is that you'll be invested in more high-risk, high-growth assets while you're young and less so as you get older.
How do their fees and performance figures compare?
Looking at the default options, AustralianSuper has slightly lower annual fees.. However, both funds are relatively low-fee options compared to some other MySuper products in the market. Annual fees that are less than 1% of your balance are considered to be reasonable and both of these funds' fees are.
Looking at performance, AustralianSuper Balanced has delivered higher returns over the short, medium and long term. Most of AustralianSuper's additional investment options have also performed better than those offered by Australian Retirement Trust over the past decade.
How do the ethical investment options compare?
Both AustrailanSuper Socially Aware and Australian Retirement Trust Socially Conscious Balanced avoid investments in fossil fuels, tobacco and gambling among many other harmful industries. Both funds lists their fund holdings on their website for you to see exactly which companies they invests in.
Australian Retirement Trust Socially Conscious Balanced is also certified by the Responsible Investment Association Australasia, which is a leading independent investment body for responsible investment in Australia and New Zealand. AustralianSuper Socially Aware does not have this certification. However, AustralianSuper Socially Aware has slightly outperformed Australian Retirement Trust Socially Conscious Balanced over the medium to long term, and it also has lower annual fees.
If you're interested in investing your super ethically, you can compare these funds with a range of additional ethical super funds in our guide.
How do the additional investment options compare?
Australian Retirement Trust offers more investment options to choose between than AustralianSuper (here's a guide on how the different super investment options work and how to choose). As well as the default MySuper product, Australian Retirement Trust offers seven additional pre-mixed investment options for members to choose between. In comparison, AustralianSuper offers five. Both funds offer an indexed portfolio option and an ethical option too.
If you want to build your own portfolio by selecting individual asset classes yourself, Australian Retirement Trust offers a lot more choice. It has 11 single asset classes to choose between, while AustralianSuper only offers 5. The main difference here is that Australian Retirement Trust offers indexed individual asset options, like Australian shares (indexed), international shares (indexed) and property (indexed), while AustralianSuper does not. So if you're looking to build your own investment mix and want to keep investment fees to a minimum by using indexed products, this will be easier to achieve with Australian Retirement Trust.
Want to keep comparing?
If you're not yet convinced that either fund is right for you, or you simply want to see how they compare to others in the market, you can compare super funds with our guide.
Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds.
Superannuation is the main way of saving for your retirement in Australia. Your superannuation is one big investment portfolio in your name that's managed for you by your super fund. Â
Here’s what you need to know about changing super funds including how to do it, the fees that apply, how long it takes and the pros and cons of switching.
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