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Which super fund group received top Crown ratings?
Eight out of the superannuation funds with the largest percentage of five Crown-rated funds are industry super funds, according to FE fundinfo data.
In the latest rebalance of the FE fundinfo Crown Fund Ratings, Australian Super stood out on top with 63.6% of its investment options given a five Crown rating.
The ratings are a quantitative rating determined using FE fundinfo’s performance scorecard process which analyses a fund’s performance over the last three years and favours consistency.
The score is made up of three components – alpha, relative volatility, and a consistently good performance.
Following Australian Super was First State Super and QSuper (both at 50%), NGS Super (46.2%), Sunsuper (45%), Australian Ethical (42.5%), CARE Super (41.7%), Statewide Super (33.3%), Telstra Super (30%), and rounding out the top 10 was VicSuper (28.6%).
Seven out of the 10 Australian Super funds received a five Crown rating, with all of these funds retained the five Crown rating from the last rebalance in September, 2019. Its lowest rated fund was its International Shares Option with a one Crown rating.
Since the previous rebalance, Australian Super has jumped seven places (50% in September) to number one. The previous fund group with the largest percentage of five Crown funds was NGS Super at 75%, now sits at fourth with 46.2%.
Super fund groups with at least one five Crown-rated fund
|
Group name |
Percentage of five Crown funds |
|
Australian Super |
63.6% |
|
First State Super |
50% |
|
QSuper |
50% |
|
NGS Super |
46.2% |
|
Sunsuper |
45% |
|
Australian Ethical Investment Ltd |
42.9% |
|
CARE Super Pty Ltd |
41.7% |
|
Statewide Super |
33.3% |
|
Telstra Super Pty Ltd |
30% |
|
VicSuper |
28.6% |
|
Commonwealth Custodial Ser Ltd |
25% |
|
HESTA |
25% |
|
EISS Super |
20% |
|
Suncorp Life and Superannuation |
18.9% |
|
Russell Investment Management |
18.2% |
|
Mercer Superannuation (Australia) Limited |
16.7% |
|
REST Industry Super |
13.3% |
|
AMP Capital |
12.4% |
|
Australian Catholic Superannuation |
11.8% |
|
ANZ Managed Investments |
10% |
|
BUSSQ Building Super |
10% |
|
Commonwealth Bank of Australia |
9.2% |
|
OnePath Life |
8.8% |
|
OnePath Custodians |
8.2% |
|
Macquarie Investment Management |
8.1% |
|
SmartMonday |
7.7% |
|
Perpetual Investment Management |
6.9% |
|
AMP Life |
6.7% |
|
OnePath Funds Management |
6.3% |
|
Colonial First State |
5.8% |
|
MLC Investments Limited |
5.7% |
|
Zurich Financial Services |
4.3% |
|
ClearView |
3.2% |
|
BT Financial Group |
2.4% |
Looking at the performance of balanced funds from the top 10 groups with the most five Crowns, Australian Super also took the top spot with a return of 37% over the three years to 29 February, 2020.
Within the group, the poorest performing fund was First State’s balanced fund at 24.43%.
Performance of top 10 fund groups’ with the most five Crowns balanced option v sector over the three years to 29 February 2020
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ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
