Finder makes money from featured partners, but editorial opinions are our own.
Australian Ethical Super | Performance, features and fees
Green Company
Australian Ethical Super has 7 different investment options are focused on sustainability, clean energy, waste management and recycling, health and responsible banking, while avoiding investments in coal seam gas, weapons and tobacco.
{"menuItems":[{"label":"Australian Ethical Super performance and fees","anchorName":"#australian-ethical-super-performance-and-fees"},{"label":"What are the key features of Australian Ethical Super?","anchorName":"#what-are-the-key-features-of-australian-ethical-super"},{"label":"What investment options are available with Australian Ethical Super?","anchorName":"#what-investment-options-are-available-with-australian-ethical-super"},{"label":"What insurance cover is available with Australian Ethical Super?","anchorName":"#what-insurance-cover-is-available-with-australian-ethical-super"},{"label":"How do I join Australian Ethical Super?","anchorName":"#how-do-i-join-australian-ethical-super"}]}
Members will automatically be invested in the Balanced option initially, and will be able to switch investment options at any time after joining the fund.
1 - 5 of 5
The information in the table is based on data provided by Zenith CW Pty Ltd, ABN 20 639 121 403 (Chant West) unless indicated otherwise.
*Past performance data is for period ending June 2023 and fee data is updated monthly.
What are the key features of Australian Ethical Super?
Ethical investments. All investments by Australian Ethical Super are focused on sustainability, clean energy, waste management and recycling, health and responsible banking. The fund avoids investments in coal seam gas, weapons and tobacco.
Choose from seven pre-mixed funds. Members can choose from seven ready-made diversified investment options with different levels of risk.
MySuper product available. The default, low-fee MySuper option is the Balanced fund.
Automatic insurance cover. You'll receive the default Death and TPD cover when you join the fund, and you can choose increase your cover or opt out at any time.
Consolidate your super online. You can easily consolidate your existing super balance into your Australian Ethical Super account by completing an online form.
What investment options are available with Australian Ethical Super?
Australian Ethical Super offers members a choice between seven pre-mixed diversified investment funds. Which one you choose will depend on how you want your money invested and also the level of risk you want to take. Although each option invests differently, each option has a focus on ethical investments.
If you don't make a choice, or don't want to choose, you'll be placed in the Balanced option which is Australian Ethical Super's default MySuper product.
Investment option
Risk level
Target asset allocation
Australian Ethical Super Defensive
This is the lowest-risk investment option, and may best suit members wanting a low risk of capital loss and low volatility. It's designed for members with a short investment timeframe (i.e. close to, or during, retirement).
Very low
Defensive: 100%
Australian Ethical Super Conservative
This is the second lowest-risk investment option, designed for members wanting to protect their balance with a little bit of growth. Around three quarters of your balance is invested in defensive assets.
Low to Medium
Growth: 25%
Defensive: 75%
Australian Ethical Super Balanced
This is the default investment option and is a MySuper-authorised product. It aims for a balance between growth and defensive assets, with around three quarters of your balance invested in growth assets including shares.
Medium to High
Growth: 70%
Defensive: 30%
Australian Ethical Super Growth
This option aims to achieve higher returns than the default Balanced option over the long term, however with a bit more risk and volatility in the short term. It has a higher allocation towards shares, and is designed for members with a longer investment timeframe.
High
Growth: 85%
Defensive: 15%
Australian Ethical Super Australian Shares
This is a high-risk option that invests almost completely in Australian and New Zealand shares (with no more than 20% allocation in New Zealand shares). It doesn't invest in international shares, or any other asset classes other than a very small cash allocation.
Very High
Growth: 95%
Defensive: 5%
Australian Ethical Super International shares
This is a high-risk option that invests almost completely in international shares. It doesn't invest in Australian or New Zealand shares, or any other asset classes (it does have a very small cash allocation).
High
Growth: 95%
Defensive: 5%
Australian Ethical Super High Growth
This is a high-risk option that invests in Australian shares, international shares, property and alternatives to provide long term growth.
High
Growth: 95%
Defensive: 5%
What insurance cover is available with Australian Ethical Super?
You will automatically receive Default Cover which is made up of Death and TPD Cover as a member of Australian Ethical Super when you join the fund and you meet certain eligibility conditions.
Death Cover: This provides a lump sum payment if you die or are diagnosed with a terminal illness.
TPD cover: This cover provides a lump sum payment if you become disabled and are unable to work.
You won't be required to complete medical forms or to have medical examinations to receive Default Cover, however you will be subject to new events cover limitations.
To be eligible for Default Cover, you will need to meet all of the following eligibility conditions:
you are a member of Australian Ethical Super; and
you are receiving cover for the first time with us and you have not previously cancelled cover in your Australian Ethical Super account; and
you are aged 25 or over and under 65; and
you have had an account balance of at least $6,000; and
your account is not inactive, where inactive means that you have not received any contributions or rollovers into your account for at least 16 months or more whilst you are a member.
If you're aged between 15 and 24, or you are aged under 65 with an account balance of less than $6,000, you can opt-in to receive Default Cover.
Insurance premiums are deducted from your super account monthly and will vary based on the amount of cover you have under the Default Cover scale, your age, sex at birth, and occupation category. You can choose to increase or decrease your level of Default Cover or you can also cancel insurance all together at any time.
How do I join Australian Ethical Super?
You can become a member of Australian Ethical Super by filling out the online application form on its site. The process will only take about 15-20 minutes to complete if you have a few things on hand before you begin.
You'll need to provide:
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 current super fund (if you have one that you want to roll over into your new fund)
Once this is done and Australian Ethical Super has successfully verified your identity online, you'll be sent the details of your new account. If you'd like your employer to make your compulsory super payments into this fund, make sure to give your employer your Australian Ethical Super account details.
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.
SPONSORED: Upgrade your internet before the end of 2023 and get ahead on your life admin! We take a look at some of the benefits of a faster internet connection.
The fees will depend on which investment option you are in. There is an annual admin fee of $68 + 0.25% of your account balance, plus investment fees that range from 0.20% p.a. – 1.15% p.a. depending on your investment option. As an example, the standard Balanced option has investment fees of 0.74% p.a.
How likely would you be to recommend finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We are committed to our readers and stands by our editorial principles
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan and read any disclosure documents (such as any Target Market Determination (TMD) and/or Product Disclosure Statement (PDS)) issued by the provider before making a decision.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
What are the annual fees on a portfolio of $1,200,000.00?
Hi Cate,
The fees will depend on which investment option you are in. There is an annual admin fee of $68 + 0.25% of your account balance, plus investment fees that range from 0.20% p.a. – 1.15% p.a. depending on your investment option. As an example, the standard Balanced option has investment fees of 0.74% p.a.
Thanks,
Alison