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Verve Super is an ethical super fund created with Australian women in mind. It's the first super fund to only invest in companies that have at least one woman on the board.
Verve Super offers one investment option, Verve Super Balanced, which strives for strong long-term returns while excluding investments in industries such as fossil fuels, tobacco and live animal export.
4.31%
Past performance - 1 year
N/A
Past performance - 5 Years
$691.10
Calculated fees p.a. on $50,000 balance
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Product Name | Verve Super Balanced |
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Past performance - 5 Years | N/A |
Annual admin fee | $93.60 + 0.775% of balance p.a. |
Performance figures quoted on this page are correct to June 2020, according to Verve Super. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
Verve Super Balanced is the only investment option available with this fund.
Verve Super Balanced | |
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Risk level | High risk (level 6). This estimates between 4 and less than 6 negative annual returns over any 20-year period. |
Suitable for | Investors who want a balanced investment mix of growth assets (such as shares) and defensive assets (such as fixed interest). This fund will also suit people wanting to invest their super more ethically. |
Minimum suggested investment timeframe | 4-6 years. |
Target asset allocation |
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Industries that the fund avoids investments in |
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Industries that the fund actively seeks investments in |
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Past performance | Past 1-year performance: 4.31% to June 2020. Verve Super's Balanced investment option commenced in November 2018. |
Verve Super Balanced charges the following fees to members:
Admin fee: $93.60 + 0.775% of your balance per year
Indirect cost ratio, including investment fees: 0.42% of your balance per year (this includes an investment fee of 0.3%)
Total fees if your balance is $50,000: $691.10 for the year
If your account balance is lower than $5,000, you won't be charged the annual admin fee of $96.60. Members can also apply for the annual admin fee to be refunded for a period of up to 12 months after becoming a new parent.
You can join Verve Super by completing the membership form on the fund's website. It'll take around 10-20 minutes, and you'll need to provide the following: