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Fund profiles
| Asset Super |
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Overview:
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Asset Super was established in 1987 and has over 5,800 participating employers and over 115,000 members. Asset Super was granted an APRA Licence as a Registrable Superannuation Entity in March 2005, providing further evidence that the Fund offers security and peace of mind for employers and their employees.Asset Super is a complying eligible choice fund as well as being a multi-industry, multi-occupation super fund, i.e. it applies to all industries and all occupations. The fund is also an approved Public Offer super fund, which means it can take super contributions from any eligible employee, including the self-employed and meets all of the Government’s Fund Choice requirements. Asset offers 3 Blended Options and 6 Single Sector Options. Members can invest in one investment option or design their own strategy by selecting a combination of up to 6 investment options. Members can switch between investment options up to 4 times each financial year. |
| Year of Establishment: |
1987 |
| Value of Funds: |
$940 million |
| Key Features: |
Competitive performance from 20 professional fund managers selected and monitored by InTech and the Trustee Board.
Low fees - active members pay a fixed administration fee of only $1.15 per week irrespective of the size of their account balance.
Choose from 3 Blended and 6 Single Sector investment options.
Flexible death and permanent disablement insurance for all members and income protection for eligible employer-sponsored members.
24/7 internet access allows employers to pay contributions electronically and for members to view and monitor their personal account details.
Members receive 2 statements per year, including the Fund's Annual Report and Asset News Magazine, and can attend free Investment seminars.
All profits are returned to members - no third party commissions are paid so more of your money is working for you.
Award winning educational material and dedicated Relationship Managers to educate and inform employers and members.
The Board has equal member and employer representation, 4 member directors, 4 employer directors and an independent Chairperson.
Access to the full suite of Asset products available including an Allocated Pension and Term Allocated Pension. |
| Investment Advisers: |
InTech Fiduciaries Limited |
| Custodian: |
National Custodial Services |
| Lawyers: |
Blake Dawson Waldron |
| Auditors: |
KPMG |
| Administrator: |
CitiStreet Australia Pty Ltd |
| Insurer |
Tower Australia |
| INVESTMENT OPTIONS |
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| High Growth |
85% Growth, 15 % Defensive - target return is 3.5% above inflation |
| Medium Growth |
70% Growth, 30% Defensive - target return is 3% above inflation |
| Stable Growth |
30% Growth, 70% Defensive - target return is 2% above inflation |
| Australian Shares |
Target is to at least match the S&P/ASX 200 Accum. Index |
| International Shares |
Target is to at least match and exceed the MSCI World ex-Australia index (Unhedged $) |
| Property |
Target is to at least match and exceed the S&P/ASX Property Trusts Accum. Index |
| Australian Bonds |
Target is to at least match and exceed the USBWA Composite Bond Index |
| International Bonds |
Target is to at least match and exceed the JPM World ex-Aust. Govt. Bond Index-Fully Hedged, $A |
| Cash |
Target is to achieve a positive rate of return |
Investment Performance
(crediting rates) |
Growth Asset Weighting |
Performance to 30 September 2005 |
|
|
1yr |
3yr |
5yr |
| High Growth |
85 |
19.0% |
13.0% |
5.2% |
| Medium Growth |
70 |
15.9% |
11.3% |
5.5% |
| Stable Growth |
30 |
10.2% |
7.8% |
5.5% |
| Australian Shares |
|
28.5% |
19.8% |
- |
| International Shares |
|
13.5% |
6.2% |
- |
| Property |
|
14.9% |
15.0% |
- |
| Australian Bonds |
|
4.5% |
5.0% |
- |
| International Bonds |
|
7.0% |
6.5% |
- |
| Cash |
|
4.8% |
4.6% |
4.5% | |
| Insurance Available: |
Death, Death/TPD, Income protection, tailored insurance arrangements for larger employer groups. |
| Extra Benefits: |
Allocated pension, Online transactions, Online account details, Financial planning, retirement planning, Financial seminars, Home loans, Business loans. |
| Communications: |
Six monthly newsletters and employee reports; insurance and investment booklets; publications and monthly investment performance available on website. Asset Super Employer Guide, Fund Choice Guide for employers, Fund Choice Guide for employees. |
| Employer Services: |
Dedicated Client Relationship Managers to assist employers, quarterly employer update newsletter. |
| FEES |
| Establishment fee |
Nil |
| Contribution fee |
Nil |
| Withdrawal fee |
$44.00 |
| Termination fee |
Nil |
| Asset Administration fee |
Nil |
| Issuer fee |
Nil |
| Trustee/Expense Recovery fee |
Nil |
| Member Fee ($ per week / month) |
$1.15 per week |
| Investment fee |
Depending on investment option - Medium Growth is 0.43% |
| Switching fee |
First switch in financial year is free, then $22.00 per switch (max. 4 switches per financial year) |
| Adviser Servicing fee |
Nil |
| Other fees |
Buy/sell spreads apply on 6 of the 9 investment options |
| Fee Discounts |
Nil |
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