When joining the fund you'll be placed in the MySuper option initially which is the default option, however you can switch to another investment option at any time.
Australian Food Super Growth option took the third spot for low fees, charging an annual fee of $328 on a $50,000 balance. The fund has maintained commendable long-term performance, returning 8.87% annually for members over the past 10 years and 7.24% annually over the past 5 years. Australian Food Super was formally called AMIST.
Unless indicated otherwise, the information in the table is based on data provided by SuperRatings Pty Limited ABN 95 100 192 283, a Corporate Authorised Representative (CAR No.1309956) of Lonsec Research Pty Ltd ABN 11 151 658 561, Australian Financial Services Licence No. 421445.
*Past performance data and fee data is for the period ending June 2024
| Investment option | Risk level |
|---|---|
| Capital Stable This option has the lowest level of investment risk and invests entirely in Cash. | Low |
| Secure This option has a more even balance between growth and defensive assets compared to the Capital Stable option, but less allocation to growth assets than all other options. | Medium |
| Balanced This option has more allocation to growth assets than the Capital Stable and Secure options, and is designed for members looking for medium to long term growth with less volatility in the short term. | Medium to High |
| MySuper This is the default investment option designed to suit most members. It's where you'll be invested if you don't make an investment preference. It has a focus on growth over the medium to long term. | High |
| Growth This option has a higher level of investment risk than previous options. It aims for higher returns over the long term, and has more exposure to shares. It's still a diversified option, unlike the Shares option. | High |
| Shares This option invests entirely in growth assets, with your balance split between Australian and international shares. It's the most high-risk investment option available, and aims to achieve higher returns over the long term. It's designed for members seeking higher long-term growth. | Very High |
If you want more control over super, you can put together your own investment mix using one or more of the following individual sector options.
Eligible members will receive the following default Life insurance cover when joining:
You'll get a default, basic level of cover for the above insurances, however you can apply to increase your level of cover at any time if you think it's the right choice for you. You can also opt out of all insurance cover all together.
You don't need to be working in the meat industry to join this fund. You can join online by completing the application form on AusFoodSuper's website. The application form should take you around 10-20 minutes to complete, and you'll need to provide the following bits of information:
Once your application has been completed successfully, you'll receive your membership details by email. You can then give these to your employer so they can start paying your superannuation guarantee payments into your new fund.
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