A remarkable year for financial markets

When the COVID-19 pandemic first swept across the world, investment markets were hit hard as global economies shut down. In response, many governments, including ours, introduced income support schemes, like JobKeeper, which helped stave off economic disaster while scientists worked to develop a vaccine.

The successful development of an effective vaccine allowed for easing of restrictions, and economies began to reopen. Better than expected economic growth and low interest rates were positive factors which pushed the share market to historic highs and helped drive the strong performance our members have enjoyed this year.

 

Great 1-year returns

1-year returns for members in our diversified options were very positive this year1, benefiting from the economic rebound. This included our default MySuper Lifecycle options, with the Growth option returning 18% and our High Growth option, now part of our enhanced MySuper Lifecycle approach, returning over 23% for the year to 30 June 2021.

1 Benchmark is CPI +3.75% p.a. for Growth and CPI +4.00% p.a. High Growth. Both options outperformed their CPI+ objectives over 1, 5, and 10-year periods. The benchmark is a composite benchmark and reflects changes in CPI targets over time. Past performance is not a reliable indicator of future performance. For the latest investment returns please visit http://aware.com.au/returns

 

Strong long-term1 performance

Long-term performance is what is most important for our members’ super savings and over the longer periods of 5 and 10 years we also delivered top performance to members, helping you retire with more.2

1 Returns for the Aware Super High Growth and Growth investment options were in the top 10 for the 3,5,7 and 10-year periods, as published in the SuperRatings Fund Crediting Survey SR25 High Growth (91-100) and Balanced (60-76) Index for 30 June 2021. Past performance is not a reliable indicator of future performance. For the latest investment returns please visit http://aware.com.au/returns

 

Our retirement strategies worked hard for you

All our retirement-focused investment options delivered positive returns for the year to 30 June 2021. Our Retirement Income Stream Growth option returned 19.1% p.a. and the Balanced Growth 12.7% p.a. respectively. Our members can take comfort that they are with a top-performing fund - both Growth and Balanced Growth were top-10 performers over 5 and 10-year periods3.

 

MySuper Lifecycle

What you need from your super changes over time, in line with your age and stage of life, and our changes aim to boost the growth of your super when you’re young and manage risk more conservatively as you get older and move towards retirement.

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It’s all designed to help you retire with more

From 10 June 2021 we began to increase the level of tailoring that’s automatically built into the Lifecycle approach. Unlike most superannuation funds, you will not be invested in a single investment option throughout your working life, your investments will change over time to ensure they are well-suited to your age and stage.

The transition to Lifecycle is due to be completed in early September 2021, and from that time our members under 56 will be invested in our High-Growth investment option. From age 56 they will be gradually shifted from investment options with a higher proportion of growth assets to a more balanced mix of growth and income-generating assets.

The good news is that you don’t have to do anything, we manage the transition for you, helping you retire with more.

 

  1. Aware Super’s latest investment returns: aware.com.au/returns

  2. Our Accumulation High Growth option delivered a return of 11.74% pa for the 5 year period and 10.61% pa for the 10 year period ending 30 June 2021. SuperRatings Fund Crediting Rate Survey June 2021, SR25 High Growth (91-100) index (5 year median 10.92%, 24 funds. 10 year median 10.06%, 22 funds). Our Accumulation Growth option delivered a return of 9.8% pa for the 5 year period and 8.97% pa for the 10 year period ending 30 June 2021. SuperRatings Fund Crediting Rate Survey June 2021, SR50 Balanced (60-76) Index (5 year median 8.72%, 50 funds. 10 year median 8.28%, 47 funds). Investment returns are not guaranteed, past performance is not an indicator of future performance. Past performance is not a reliable indicator of future performance.

  3. Returns for the Aware Super Pension Growth option were in the top 10 for the 5, 7 and 10 year periods as published in the SuperRatings Pension Fund Crediting Rate Survey the SRP50 Balanced (60-76) Index (Growth) for 30 June 2021. Returns for the Aware Super Pension Balanced Growth investment option were in the top 10 for the 3 year period, and in the top 5 for the 5, 7 and 10 year periods, as published in the SuperRatings Pension Fund Crediting Rate Survey (SRP25 Conservative Balanced Index) for 30 June 2021. Past performance is not a reliable indicator of future performance. Investment returns are not guaranteed, past performance is not an indicator of future performance.