Aware Super | Performance, features and fees

Last updated: Mar 17, 2021

A low-fee super fund with 12 different ways to invest including a MySuper option and an ethical investment option

Aware Super offers members a MySuper Life Cycle investment option that adjusts your investment mix according to your age, as well as a range of pre-mixed diversified investment options and a range of single asset class options.

5.49%

Past performance - 1 year

8.37%

Past performance - 5 Years

$519.42

Annual fees on $50k balance

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Details

MySuper Life Cycle Growth
Diversified Socially Responsible Investment

Product Name	Aware MySuper Life Cycle Growth
Past performance - 5 Years	8.37%
Annual admin fee	$61.18 + 0.18% of balance p.a.
Insurance included	Death,TPD,Income Protection
Number of members	1,060,000

Product Name	Aware Super - Diversified Socially Responsible Investment
Past performance - 5 Years	5.4%
Annual admin fee	$61.18 + 0.18% of balance p.a.
Number of members	1,060,000

Performance figures quoted on this page are correct to December 2020, according to Chant West. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.

Alison Banney

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Alison Banney is the banking and investments editor at Finder. She has written about finance for over seven years, with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business. She has previously worked at Westpac, and has written for several other major banks including BCU, Greater Bank and Gateway Credit Union. Alison has a Bachelor of Communications from Newcastle University, with a double major in Journalism and Public Relations. She has ASIC RG146 compliance certificates for Financial Advice, Securities and Managed Investments and Superannuation. Outside of Finder, you’ll likely find her somewhere near the ocean.

What are the key features of Aware Super?

Choose from 12 investment options. Choose between five pre-mixed investment portfolios or seven single asset classes.
MySuper investment option. Aware Super's MySuper option is a high growth investment option while you're under age 55, then it'll gradually change to a growth option with slightly less exposure to shares.
Ethical investments available. Choose to invest in a pre-mixed portfolio of socially responsible investments, or invest in socially responsible Australian shares.
Doesn't directly invest in tobacco. Aware has less than 0.1% of all its investments in companies that manufacture tobacco products.
Default insurance cover. Eligible members receive automatic death and total permanent disablement (TPD) cover, with the option to increase, reduce or cancel cover at any time. Aware Super also offers tailored insurance cover for some higher risk professions such as police and ambulance.
Consolidate your super online. You can easily opt to consolidate your existing super into your new Aware Super account when joining, or any time after you've joined via the web portal or mobile app.

What investment options are available?

You can choose to invest your super in one of the following pre-mixed investment options depending on your risk tolerance and personal preference.

If you don't want to choose, you'll be placed in the default MySuper investment option. With this option, you'll be invested in the High Growth option below until you're 55 years old. From 55 to 60 this will gradually adjust to the growth option. And then change to balanced growth for members 60-65 years.

	Risk level	How your money is invested
High Growth	High	This option has the largest allocation towards growth assets including shares, and aims for higher returns over the long term. This option aims to invest about 65% of your balance in Australian and international shares. Due to the higher allocation towards shares, this option predicts more volatility in the short term compared with the lower-risk options.
Growth	High	This option aims for high returns over the long term, with slightly less risk and volatility in the short term when compared to the High Growth option. This option aims to invest about 50% of your balance in Australian and international shares.
Diversified Socially Responsible Investment	High	This option has a similar risk level to the Growth option, and aims to invest about 53% of your balance in Australian and international shares. However, this option excludes companies involved with fossil fuels, coal, tobacco, gambling, alcohol, pornography and live animal exports, while actively investing in companies developing renewable energy and innovative technologies.
Balanced Growth	High	This option aims for growth over the medium to long term, however with less volatility in the short term when compared with the High Growth and Growth options. It aims to invest about 35% of your balance in Australian and international shares, with about 39% of your balance invested in defensive assets like credit, fixed income and cash.
Conservative Growth	Low to medium	This option aims for some growth over the medium to long term, with much lower levels of risk and volatility than the other pre-mixed investment options. It only aims to invest about 13% of your balance in shares, with the rest invested in more stable, defensive asset classes like cash, fixed income and credit.

	Risk	Target asset allocation
Cash	Very low	Cash: 100%
Australian Equities	Very high	Australian equities: 100%
International Equities	Very high	International equities: 100%
Property	High	Listed and unlisted property: 100%
Australian Fixed Interest	High	Fixed income: 100%
International Fixed Interest	High	Fixed income (international): 100%
Australian Equities Socially Responsible Investment	Very high	Australian equities: 100%

What fees does Aware Super charge?

The following fees apply annually to members invested in the default MySuper Life Cycle option, which is the High Growth option for members aged under 55 years.

Admin fees: $61.18 + 0.18% of account balance per year
Investment fees (including Indirect cost ratio): 0.74% of account balance per year

What insurance options are available with Aware Super?

You can opt in for the following default insurance when you become an Aware Super member:

Death: This is paid to your beneficiaries (usually your immediate family) in the event of your unexpected death.
TPD: This is paid to you in the event you become disabled to the point you cannot work.

Your level of cover will depend on your age and occupation, and you can reduce your level of cover or cancel your cover altogether at any time. You also have the option of adding income protection insurance cover at any point.

How do I join Aware Super?

You can join Aware Super online; and the application process is simple and should take you 10-20 minutes to complete.

Make sure you have the following details handy before you start the application:

Your full name, date of birth and gender
Your Australian residential address
Your phone number and email address
Your tax file number (TFN)
Your chosen investment option and insurance cover
Details of your existing super fund if you'd like to consolidate your funds during the application process

Once your application has been completed successfully, you'll receive the details of your membership by email. You should then give these details to your employer if you'd like your compulsory employer super payments to go into your Aware Super fund.

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Aware Super | Performance, features and fees