HESTA Super Fund

Overview

More people in health and community services choose HESTA for their super.

With more than 25 years of experience in the sector, we have more than 800,000 members and $33 billion in assets.

HESTA is the fund for health and community services. Our members include those working in aged care, private and public hospitals, community services, primary health care and early childhood education and care.

HESTA's size means we can keep our fees low and provide education and advice to members about their super, at no extra cost.

There are 13 Trustee Directors on HESTA's Board, with equal appointments from employee and employer organisations in health and community services and an Independent Chair. This ensures member and employer voices are heard and their views considered when decisions are made.

HESTA maintains the highest rating from all ratings agencies including SelectingSuper's AAA Quality Rating. SelectingSuper also awarded HESTA 'Workplace super product of the year - value choice' for 2015.

Product Inception Date

1987

SPIN

HST0100AU

Year Established

1987

Fund Value

$33 billion

Fund Membership

800,000

Key Features

  • Products and services tailored to workers in Health and Community Services
  • Default IP cover available to age 67 and Death Cover available to age 75
  • Support and recognition for the Health & Community Services industry through the HESTA Awards Program
  • A history of strong returns and low weekly administration fee
  • National coverage with offices in all States and Territories
  • Workplace member education and advice sessions available to members at no extra cost
  • High investment objectives - Core Pool (default option) has a long-term objective of CPI + 4%
  • Environmental Social and Governance leadership in through a whole of portfolio thermal-coal restriction
  • Free insurance cover for up to 12 months for members on parental leave (subject to conditions)
  • Post-work options - stay with us when you retire or while transitioning to retirement with HESTA Income Stream.

Investment Option Descriptions

Investment Option Names Description Medium term (5yrs) investment objective Long term (10yrs) investment objective
Conservative Pool Invests in a diversified portfolio, including unlisted assets, with a growth weighting around 33%. CPI + 2.5% CPI + 1.5%
Core Pool (our MySuper default option) Invests in a highly diversified portfolio, including unlisted assets, with a growth exposure of around 71%. CPI + 3.5% CPI + 4%
Shares Plus Invests in a diversified portfolio including assets other than shares, such as global credit and unlisted assets. CPI + 4.5% CPI + 4.5%
Eco Pool Has a diversified portfolio of assets, while investing in companies demonstrating best practice sustainability performance. CPI + 3.5% CPI + 4%
Your Choice Members can choose from seven asset class options, which can be blended to create a tailored investment approach. Based on benchmarks for each asset class Based on benchmarks for each asset class

Investment Option Performance

Investment Option Names Growth Asset Weighting 1 year 3 years 5 years
Conservative Pool Defensive 66.1% Growth 33.9% 4.42% 6.50% 6.62%
Core Pool Defensive 29.0% Growth 71.% 3.03% 8.68% 8.35%
Shares Plus Defensive 10.3% Growth 89.7% 1.65% 9.26% 8.97%
Eco Pool Defensive 28.0% Growth 72% 6.55% 11.15% 10.78%
Cash Defensive 100% Growth 0% 2.1% 2.46% 3.02%
Global Bonds Defensive 100% Growth 0% 3.06% 4.62% 6.02%
Property Defensive 63.5% Growth 36.5% 9.92% 10.19% 8.79%
Infrastructure Defensive 55% Growth 45% 10.94% 9.77% 9.33%
International Shares Defensive 0% Growth 100% -6.44% 12.64% 8.88%
Australian Shares Defensive 0% Growth 100% -5.66% 6.35% 6.7%
Private Equity Defensive 10% Growth 90% 12.59% 16.23% 13.83%

Growth Asses Weighting as at 1 September 2016, Performance to 30 June 2016

Insurance Options Available

Death only, Death & TPD, Income Protection

Extra Benefits Available

Financial Advice - Limited, Financial Advice - Full Financial Planning, Online Account Access, Online Investment Switching, Business Loans*, Home Loans*, Insurance - Private Health*. HESTA members can also access special banking benefits on credit cards, personal loans, savings and transaction accounts, term deposits, investment property loans through ME.

Member Communications

Newsletters for Members, Education Seminars, PDSs available on our website, monthly investment performance is available on our website. A half-yearly record of contributions in addition to an annual statement, access to regular email updates about super and investing.

Employer Services

National Client Relationship team located in each State/Territory, dedicated Administration support team, Clearing House, annual Employer Forum Updates, digital and Employer publications, Employer online access.

Fees & Charges

Fees
Investment fee Nil
Administration fee* $1.25 per week, plus 0.08% p.a. for Core Pool and 0.10% for other options (subject to a fee cap)*
Buy-sell spread Nil
Switching fee Nil
Exit fee Nil
Advice fees relating to all members Nil
Other fees and costs See Fees and costs at hesta.com.au/pds for information about activity fees, insurance fees and advice fees for personal advice
Indirect cost ratio Range of 0.04% to 3.4% p.a.
Core Pool 0.73%

*The percentage based Administration Fee is not charged on any amount of your account balance in excess of $350,00
Fees at 1 September 2016

Service Providers

Service Providers
Administrator Australian Administration Services Pty Ltd (part of LINK group)
Asset Consultant Frontier Advisors Pty Ltd
Auditor Pricewaterhouse Coopers
Custodian JPMorgan Chase Bank
Insurer CommInsure
Lawyer Holding Redlich
Mills Oakley Lawyers
HWL Ebsworth
Corrs Chambers Westgarth

FUND VALUE
$33 billion
WINNER OF:
SelectingSuper's Super Fund of the Year Award
Principal Contact
Debby Blakey
Member Telephone
1800 813 327
Employer Telephone
1800 813 327
Member Fax
1300 368 636
Address
PO Box 600, Carlton South Vic 3053
Member Email
hesta@hesta.com.au
Employer Email
hesta@hesta.com.au
Website
www.hesta.com.au
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