HESTA

HESTA superannuation | Performance, features and fees

HESTA is an industry super fund with several ready-made investment options including a MySuper product and a sustainable option.

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HESTA super performance returns and fees

You'll be invested in the Balanced Growth (MySuper) option when you join HESTA. After joining the fund, you can switch to any of the following ready-made or sector-specific investment options.

Name Product Last 1 year performance (p.a.) Last 3 year performance (p.a.) Last 5 year performance (p.a.) Last 10 year performance (p.a.) Fees on $50k balance (p.a.)

HESTA Balanced Growth

HESTA Balanced Growth
+19.03%
+8.48%
+9.39%
+8.87%
$533
HESTA is an industry super fund for the health and community services sector and open to all Australians. The Balanced Growth fund invests in a mix of asset classes without taking on too much, or too little, risk.

HESTA - Sustainable Growth

HESTA - Sustainable Growth
+23.03%
+11.93%
+11.78%
+11.28%
$780
HESTA Sustainable Growth is a pre-mixed, diversified investment option with a high to very high risk level. The investment managers take into account the social and environmental impact of the companies in which it invests, and excludes investment in tobacco, fossil fuels, uranium and weapon manufacturing. Investment performance as of 30 June 2020.

HESTA Diversified Bonds

HESTA Diversified Bonds
+1.56%
+3.69%
+3.02%
+4.53%
$280

HESTA Aust Shares

HESTA Aust Shares
+26.93%
+9.2%
+10.8%
+9.38%
$295

HESTA Property and Infrastructure

HESTA Property and Infrastructure
+9%
+3.53%
+5.73%
+7.35%
$610

HESTA High Growth

HESTA High Growth
+24.92%
+10.54%
+11.41%
+10.18%
$730

HESTA Int'l Shares

HESTA Int'l Shares
+34.36%
+13.59%
+14.45%
+12.17%
$380

HESTA Conservative

HESTA Conservative
+8.72%
+5.75%
+6.18%
+6.4%
$350

HESTA Indexed Balanced Growth

HESTA Indexed Balanced Growth
New Fund
New Fund
New Fund
New Fund
$165
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The information in the table is based on data provided by Chant West Pty Ltd (AFSL 255320) which is itself supplied by third parties. While such information is believed to be accurate, Chant West does not accept responsibility for any inaccuracy in such information. Chant West’s Financial Services Guide is available at https://www.chantwest.com.au/financial-services-guide . Finder offers no guarantees or warranties about the data and we recommend that users make their own enquiries before relying on this information. Performance, fees and insurance data is based on each fund's default MySuper product. Where the performance, fees and insurance data for the MySuper fund vary according to the member's age, results for individuals between 40-49 years of age have been shown. Past performance is not a reliable indicator of future performance.

What are the key features of HESTA superannuation?

  • Industry super fund. HESTA is an industry fund meaning all profits go back into the fund to benefit members, not shareholders. Industry funds have a reputation for having strong performance returns and low fees.
  • Aligned to the health sector. HESTA is dedicated to the health and community services sector and open to all Australians.
  • MySuper product available. HESTA's default MySuper-authorised investment option is the Balanced Growth product. MySuper products are no-frills, low-fee options designed to suit most Australians.
  • Up to 10 different investment options. Members can choose from 10 different ways to invest their super, based on their risk tolerance and how hands on they want to be. This includes ready-made, diversified investment funds and sector-specific options that are more concentrated on a particular asset class.
  • Sustainable investment option available. HESTA offers a sustainable investment option, Sustainable Growth, for members who want their super to be invested more ethically.
  • Insurance fee-free cover while on parental leave. Parents can be eligible for up to 12 months of fee-free insurance cover while on parental leave.
  • Two income stream options. When you're ready to start accessing your super, you can access a Transition to Retirement (TTR) Income Stream or a Retirement Income Stream to receive regular payments from your super while the balance remains invested.

What are the different HESTA investment options?

The table above shows the performance returns and fees for each of the investment options. Here's a bit more information on how each option differs.

Ready-made investment portfolios

Ready-made investment optionsRisk levelInvestor typeAsset allocation
Balanced Growth (MySuper default option)

This is the default investment option which all members will be placed in if you don't choose a different option after joining. It's designed for growth over the medium to long term. It has around 75% allocation to growth assets including local and international shares, private equity and property.

Medium to HighAmbitious
  • Growth: 75%
  • Defensive: 25%
Conservative

This option has the lowest risk level of all the ready-made options, with around 61% allocation to defensive assets including cash and bonds. It's designed for investors with a shorter investment timeframe (e.g.: if you're closer to retirement).

Low to MediumCautious
  • Growth: 39%
  • Defensive: 61%
Indexed Balanced Growth

This option is designed to achieve growth over the medium to long term while lowering the costs of investing. It has around 75% allocation to growth assets, designed to match index returns.

HighAmbitious
  • Growth: 75%
  • Defensive: 25%
High Growth

This option is the highest risk level of all the ready-made options, with around 90% allocation to growth assets including local and international shares. It's designed for higher growth over the long term, and is suited for investors with a longer investment timeframe.

HighVery ambitious
  • Growth: 90%
  • Defensive: 10%
Sustainable Growth

This option has a similar asset allocation to the Balanced Growth and Indexed Balanced Growth options, with 75% allocation to growth assets including shares and property. However unlike the other options, this one excludes investment in tobacco, fossil fuels, uranium and weapon manufacturing.

HighVery ambitious
  • Growth: 75%
  • Defensive: 25%

Your Choice investment options (single sector options)

The Your Choice options are for more experienced investors who are comfortable being in control of their asset allocations, and investors who want to be more hands-on with their super. You can choose from seven asset classes, as detailed below, and split your super balance between them as you wish.

Asset classRisk levelAsset allocation
Cash and Term DepositsVery low
  • Growth: 0%
  • Defensive: 100%
Diversified bondsLow to Medium
  • Growth: 0%
  • Defensive: 100%
Property and Infrastructure Medium
  • Growth: 68%
  • Defensive: 32%
International sharesHigh
  • Growth: 100%
  • Defensive: 0%
Australian shares Very High
  • Growth: 100%
  • Defensive: 0%

What insurance cover is available with HESTA super?

Automatic death and income protection cover is applied to your account when you join. You can opt out of this if you wish when you join, or cancel at any time after your account is opened. You can also tailor it to better suit your needs. You can also apply for lump-sum total and permanent disablement (TPD) cover if you wish.

How do I join HESTA?

If you've decided that HESTA's super account is right for you, you can apply online by filling out the application form.

You will need to supply:

  • Personal details. You'll need to provide your personal contact details including your Australian residential address.
  • Previous super fund details. If you'd like to consolidate an existing super fund with your new fund online, you will need to provide your current fund details.

After joining you will need to select:

  • Investment option. You'll be invested in the Balanced Growth (MySuper) option when you join HESTA. After joining the fund, you can switch to any of the following ready-made or sector-specific investment options.
  • Insurance instructions. You'll be asked if you'd like to opt out of or tailor the default insurance policies.

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2 Responses

    Default Gravatar
    JodieMarch 27, 2018

    I just logged on to Mygov to realise that I have two super funds, Hesta being one of them. Do you have capacity on your website to compare Hesta with other specific super funds?

      Avatarfinder Customer Care
      MayMarch 27, 2018Staff

      Hi Jodie,

      Thanks for your question.

      Yes, aside from Hesta, you can compare other super funds using our comparison table. You may compare them in terms of Past Performance (1,3, and 5 years) and Calculated fees per annum on $50,000 balance.

      If you click the More Info link, it will redirect you to another page dedicated to that particular super fund where you will find more details such as features and steps to apply. Once you have chosen a particular super fund, you may then click on the “Go to site” button and you will be redirected to their website where you can get in touch with their representatives for further inquiries you may have.

      When choosing a super fund, I encourage you to review their Product Disclosure Statements and Terms & Conditions to see if it is the right option for you.

      Cheers,
      May

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