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VicSuper: Performance, investments and fees

VicSuper is a profit-for-members superannuation fund all Australians can join. It offers a simple selection of investment options, including a top-performing MySuper product.

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VicSuper performance and fees

When joining the fund you'll be placed in the VicSuper Growth option initially which is the default option, however you can switch to another investment option at any time.

1 - 5 of 5
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.)

VicSuper Capital Stable

VicSuper Capital Stable
+6.6%
+6.43%
+5.93%
+6.88%
$489

VicSuper Australian Shares

VicSuper Australian Shares
+17.1%
+13.6%
+9.93%
New Fund
$209
This is a high-risk investment option that aims to deliver higher returns over the long term.

VicSuper Growth (MySuper)

VicSuper Growth (MySuper)
+14.77%
+11.91%
+9.64%
+10.18%
$629

VicSuper Balanced

VicSuper Balanced
+10.62%
+9.11%
+7.78%
+8.66%
$574

VicSuper Equity Growth

VicSuper Equity Growth
+18.49%
+15.16%
+11.56%
+12.11%
$659
This is a high-risk investment option that aims to deliver higher returns over the long term.
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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.

Key features of VicSuper

  • Protit-for-members fund. VicSuper is a profit-for-members fund, meaning profits go back into the fund to benefit members.
  • Part of Aware Super. VicSuper merged with AwareSuper to form Australia's second largest super fund.
  • Open to everyone. VicSuper is originally designed for Victorian workers, but is now open for everyone to everyone to join.
  • Default insurance options. Eligible members will get default insurance cover when joining the fund with no medical exams.
  • MySuper product. The VicSuper Growth investment option is the default investment option for all members when joining the fund, unless you choose otherwise.
  • Pre-mixed investment options. Members can choose between a small range of different pre-mixed investment options that each have a different risk level and asset allocation.
  • Ethical option. One of the pre-mixed investment options, Socially Conscious, has an ethical investment focus.

VicSuper pre-mixed investment options

Members can choose between these 7 pre-mixed, diversified investment options depending on the level of risk you want to take on. If you don't make an investment choice, you'll be placed in the MySuper Balanced option, which is the default MySuper investment product designed to suit most members.

Investment optionRisk levelTarget asset allocation
Capital Secure

This option has the lowest allocation to growth assets, and invests heavily in cash and fixed income. It's designed for members who aren't comfortable taking on too much risk and who wish to avoid market fluctuations in the short term, while still gaining some level of capital growth.

Low
  • Growth: 25%
  • Defensive: 75%
Capital Stable

This option has a slightly higher risk level than the Capital Secure option, with about 40% your balance invested in growth assets (compared to 25% with the previous option).

Low to Medium
  • Growth: 38%
  • Defensive: 62%
Balanced

This option, as the name suggests, aims for a balance between growth and defensive assets. It's designed for members with an investment time frame of at least 5 years.

Medium
  • Growth: 57%%
  • Defensive: 43%
Socially Conscious

This option has the same allocation to growth and defensive assets as the default MySuper option (VicSuper Growth) and therefore the same risk level. However, this option considers investments that focus on managing sustainability and environmental, social, and governance (ESG) risks. This fund is certified by Responsible Investment Association Australasia (RIAA).

High
  • Growth: 75%
  • Defensive: 25%
Growth (MySuper)

This option is the default investment fund for all members when joining the fund, and is therefore designed to suit most members. It has around 75% allocation to growth assets, in particular to shares, and aims for better returns over the medium to long term.

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

This option provides more allocation to growth assets than all the previous options, and may suit members looking for more exposure to shares. It's designed for members with a longer investment timeframe of at least 10 years, or members with a higher risk tolerance. Only around 10% of your balance is invested in defensive assets.

High
  • Growth: 88%
  • Defensive: 12%

Sector investment options

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.

  • Australian Shares
  • Term Deposit
  • Cash

VicSuper default insurance cover

Eligible members will receive the following default insurance cover when joining:

  • Death: This cover provides a lump sum payment to your nominated beneficiaries in the event of your death.
  • Total and Permanent Disablement (TPD): This cover provides a lump sum payment to you in the event that you become permanently disabled.
  • Income Protection: This cover is paid out in the even you can't work and lose your income.

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.

How to join VicSuper

You can join online by completing the application form on VicSuper's website. The application form should take you around 10-15 minutes to complete, and you'll need to provide the following bits of information:

  • Your full name, date of birth and contact information
  • Your Australian residential address
  • Your phone number and email address
  • Your tax file number (TFN)
  • Your chosen investment option (if you want to invest in something other than the MySuper option) and insurance cover
  • Details of your existing super fund if you'd like to consolidate your super

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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