1. 10-year return target: Represents an estimate of the mean (average) annualised percentage rate of net return of a representative member that exceeds the growth of inflation (measured by the Consumer Price Index (CPI)) over 10 years from 1 July 2020 – 30 June 2030. It is important to note that this is an estimate only, and a very wide range of outcomes is possible over this period.
2. Annual return: Time-weighted rate of return on investments net of administration fees, investment fees and indirect costs and taxes for a representative member. The Lifetime groups Outlook, Aspire 1, Aspire 2, Focus 1, Focus 2 and Focus 3 commenced on 26 May 2014. Sustain 1 commenced on 16 December 2013. Sustain 2 commenced on 8 April 2013. The 10 year average return will be provided once 10 years of returns are available.
3. Moving average return target: Represents the return target over a rolling 10 year period in annualised percentage terms that includes the change in CPI for the relevant years.
4. Fees and other costs: The statement of fees and other costs is indicative based on the previous financial year, is subject to change and will not necessarily be the amount of fees and costs that are incurred for a financial year by a particular member. This applies for a representative member who is defined as a member who is fully invested in the Lifetime group, who does not incur any activity fees during the year and who has an account balance of $50,000 throughout that year. Excludes investment gains/losses on that $50,000 balance.

This dashboard summarises key information about QSuper Lifetime investment returns, fees and levels of risk. It is designed in accordance with regulatory requirements for the purpose of helping members make informed investment decisions. It can also be used to compare QSuper Lifetime to other MySuper products.

For more information about how to pick the right MySuper fund for you, visit ASIC’s MoneySmart website.

The information shown in the product dashboard is based on a representative member with an account balance of $50,000 throughout the year.

QSuper’s Lifetime is a lifecycle product made up of eight different groups, Outlook, Aspire 1, Aspire 2, Focus 1, Focus 2, Focus 3, Sustain 1 and Sustain 2. The group you are placed in is determined by your age and Lifetime account balance when you enter the investment option and is also automatically adjusted as required on a biannual basis (May and November). The basic investment strategy of Lifetime is to progressively move from more growth assets when you are younger, to more defensive assets as you approach retirement with more funds accumulated. This means that your investment mix, return target and risk may change slightly with each move between groups.

Important note:

Why is the Return target lower than the Investment Objective published in the Product Disclosure Statements (PDS) and other QSuper documents?

The Investment Objectives shown in the PDS are the weighted long term expected returns for the asset classes comprising each investment option based on (neutral) assumptions of future economic conditions. This may be different to the Return target which is QSuper’s estimate of the expected returns above inflation for the next 10 years. The Return target for the period 1 July 2020 to 30 June 2030 shown in this dashboard is low by historical standards and reflects QSuper’s view that a low-return environment is expected for this 10-year period.

Member age Under 40
Lifetime balance Any balance
Return target (10 year return target for 2020-2030)1 CPI + 3.3% p.a.
Annual returns2

2014/15: 13.71%

2015/16: 6.53%

2016/17: 9.79%

2017/18: 6.40%

2018/19: 10.71%

2019/20: -1.14%

Comparison between return target and return3
Lifetime dashboard
Level of investment risk Medium to high. Investors should be aware that a negative annual return is expected between 3 and 4 times in every 20 years.
Statement of fees and other costs4 $370
Member age 40-49
Lifetime balance Less than $50,000
Return target (10 year return target for 2020-2030)1 CPI + 3.3% p.a.
Annual returns2

2014/15: 13.75%

2015/16: 6.63%

2016/17: 9.93%

2017/18: 6.53%

2018/19: 10.90%

2019/20: -0.87%

Comparison between return target and return3
Lifetime dashboard
Level of investment risk Medium to high. Investors should be aware that a negative annual return is expected between 3 and 4 times in every 20 years.
Statement of fees and other costs4 $315
Member age 40-49
Lifetime balance $50,000 or more
Return target (10 year return target for 2020-2030)1 CPI + 2.2% p.a.
Annual returns2

2014/15: 11.89%

2015/16: 7.58%

2016/17: 7.20%

2017/18: 5.85%

2018/19: 11.61%

2019/20: -0.26%

Comparison between return target and return3
Lifetime dashboard
Level of investment risk Medium to high. Investors should be aware that a negative annual return is expected between 3 and 4 times in every 20 years.
Statement of fees and other costs4 $315
Member age 50-57
Lifetime balance Less than $100,000
Return target (10 year return target for 2020-2030)1 CPI + 2.5% p.a.
Annual returns2

2014/15: 11.68% 

2015/16: 6.47%

2016/17: 7.80%

2017/18: 5.73%

2018/19: 10.51%

2019/20: -0.26%

Comparison between return target and return3
Lifetime dashboard
Level of investment risk Medium to high. Investors should be aware that a negative annual return is expected between 3 and 4 times in every 20 years.
Statement of fees and other costs4 $275
Member age 50-57
Lifetime balance $100,000 to less than $250,000
Return target (10 year return target for 2020-2030)1 CPI + 2.0% p.a.
Annual returns2

2014/15: 10.62%

2015/16: 6.32%

2016/17: 6.65%

2017/18: 5.26%

2018/19: 10.23%

2019/20: -0.09%

Comparison between return target and return3
Lifetime dashboard
Level of investment risk Medium to high. Investors should be aware that a negative annual return is expected between 3 and 4 times in every 20 years.
Statement of fees and other costs4 $275
Member age 50-57
Lifetime balance $250,000 or more
Return target (10 year return target for 2020-2030)1 CPI + 1.6% p.a.
Annual returns2

2014/15: 9.52%

2015/16: 6.14%

2016/17: 5.50%

2017/18: 4.76%

2018/19: 9.95%

2019/20: 0.10%

Comparison between return target and return3
Lifetime dashboard

Level of investment risk Medium to high. Investors should be aware that a negative annual return is expected between 3 and 4 times in every 20 years.
Statement of fees and other costs4 $275
Member age 58 and over
Lifetime balance Less than $300,000
Return target (10 year return target for 2020-2030)1 CPI + 1.2% p.a.
Annual returns2

2014/15: 7.99%

2015/16: 4.23%

2016/17: 5.68%

2017/18: 4.06%

2018/19: 6.28%

2019/20: 0.48%

Comparison between return target and return3
Lifetime dashboard
Level of investment risk Low to medium. Investors should be aware that a negative annual return is expected between 1 and 2 times in every 20 years.
Statement of fees and other costs4 $210
Member age 58 and over
Lifetime balance $300,000 or more
Return target (10 year return target for 2020-2030)1 CPI + 0.3% p.a.
Annual returns2

2013/14: 4.91% 

2014/15: 5.58%

2015/16: 3.20%

2016/17: 3.82%

2017/18: 2.91%

2018/19: 4.31%

2019/20: 0.59%

Comparison between return target and return3
Lifetime dashboard
Level of investment risk Very low. Investors should be aware that a negative annual return is expected less than 0.5 times in every 20 years.
Statement of fees and other costs4 $210