Statistics. Superannuation Fund-level Rates of Return. June 2012 (issued 9 January 2013) Australian Prudential Regulation Authority

Transcription

1 Statistics Superannuation Fund-level Rates of Return June 2012 (issued 9 January 2013) Australian Prudential Regulation Authority

2 Copyright Australian Prudential Regulation Authority (APRA) This work is licensed under the Creative Commons Attribution 3.0 Australia Licence (CCBY 3.0). This licence allows you to copy, distribute and adapt this work, provided you attribute the work and do not suggest that APRA endorses you or your work. To view a full copy of the terms of this licence, visit: Requests and inquiries concerning reproduction and rights should be addressed to: statistics@apra.gov.au Disclaimer While APRA endeavours to ensure the quality of this publication, APRA does not accept any responsibility for the accuracy, completeness or currency of the material included in this publication, and will not be liable for any loss or damage arising out of any use of, or reliance on, this publication. The information in the Superannuation Fund-level Rates of Return and Superannuation Fund-level Profiles and Financial Performance publications is not financial product advice. Revisions This publication includes annual return data for the years 2004 to This publication will include revisions to previously published statistics if better source data becomes available or if compilation errors are uncovered. APRA regularly analyses past revisions to identify potential improvements to the source data and statistical compilation techniques, in order to minimise the frequency and scale of any future revisions. Notation Except where indicated, amounts are expressed in thousands of Australian dollars. Both the Australian-dollar denominated transactions and the Australian-dollar equivalent of foreign-currency denominated transactions are included. The symbol ' * ' indicates that the data have been masked to maintain member privacy. Where items are blank, please refer to the explanatory notes. Glossary and explanatory notes A glossary and explanatory notes on APRA s performance figures and specific data items contained in the publication are provided to assist the reader in understanding the source and definitions of the data. Enquiries For more information about the statistics in this publication: or write to statistics@apra.gov.au Manager, Superannuation Statistics Australian Prudential Regulation Authority GPO Box 9836 Sydney NSW 2001 Australian Prudential Regulation Authority 2

3 Contents Important notice 4 Table 1: Fund-level rates of return largest funds 5 Table 1a: Five-year fund-level rates of return 9 Table 1b: Nine-year fund-level rates of return 14 Table 2: Fund-level rates of return - Eligible rollover funds (ERFs) 19 Superannuation fund structures and whole-of-fund ROR 20 Explanatory notes 23 Glossary 25 Australian Prudential Regulation Authority 3

4 Important notice APRA s Superannuation Fund-level Rates of Return publication contains whole-of-fund rates of return (ROR) for the 200 largest APRA-regulated funds (by total assets) and eligible rollover funds (ERFs) sorted by name, fiveyear ROR and nine-year ROR. The 200 largest funds table represents 99.7 per cent of total assets of all APRAregulated funds (excluding pooled superannuation trusts, exempt public sector superannuation schemes, small APRA funds and single-member approved deposit funds). These 200 funds account for 59.2 per cent of total assets of the whole superannuation industry (including self-managed superannuation funds). The Superannuation Fund-level Rates of Return publication also includes information on superannuation fund structures and whole-of-fund ROR (refer to page 20) to assist the reader to understand the data as well as In addition, a separate Superannuation Fund-level Profiles and Financial Performance publication provides an expanded data set of the Superannuation Fund-level Rates of Return publication. This is available in Excel format only and contains detailed data for each year from 2004 to 2012 The detailed data allows readers to analyse APRA-regulated superannuation funds across a range of measures including assets, income, expenses and hip. The Superannuation Fund-level Profiles and Financial Performance publication can be found on APRA's website: Information on rate of return (ROR) The ROR represents the net earnings of superannuation assets towards funding benefits, primarily for retirement. The ROR measures the combined earnings of a superannuation fund's assets across all its products and investment options. The Superannuation Industry (Supervision) Act 1993 (SIS Act) requires that superannuation trustees formulate, and give effect to, an investment strategy that has regard to the whole of the circumstances of the superannuation fund and is in the best interest of its. ROR is a useful measure to assess a superannuation trustee's ability to deliver on the fund s investment strategy for the benefit of all over time. Many trustees provide individual with the choice of a wide range of investment options and superannuation products, with different investment goals. APRA s statistics are not designed to provide individual with information to compare the investment options offered. The Australian Securities and Investment Commission s FIDO website ( provides guidance on how to compare superannuation investment options and links to other sources of information for this purpose. Australian Prudential Regulation Authority 4

5 Table 1: Fund-level rates of return largest funds Fund name Fund trustee Fund type Benefit structure Proportion of total assets in default strategy investment options One-year ROR Five-year per annum ROR / (Rank) 192 funds Nine-year per annum ROR / (Rank) 159 funds Jun 2004 Jun 2005 Jun 2006 Jun 2007 Jun 2008 Jun 2009 Jun 2010 Jun 2011 Jun 2012 ACP Retirement Fund ACP Custodians Pty Ltd Corporate Accumulation Advance Retirement Savings Account ASGARD Capital Management Ltd Retail - ERF Accumulation Advance Retirement Suite ASGARD Capital Management Ltd Retail Accumulation Alcoa of Australia Retirement Plan Alcoa of Australia Retirement Plan Pty Ltd Corporate Hybrid , AMG Universal Super The Trust Company (Superannuation) Limited Retail Accumulation AMP Eligible Rollover Fund AMP Superannuation Limited Retail - ERF Accumulation , AMP Superannuation Savings Trust AMP Superannuation Limited Retail Hybrid , , ANZ Australian Staff Superannuation Scheme a ANZ Staff Superannuation (Australia) Pty. Limited Corporate Hybrid , Aon Eligible Rollover Fund Aon Superannuation Pty Limited Retail - ERF Accumulation AON Master Trust Aon Superannuation Pty Limited Retail Hybrid , ASC Superannuation Fund The Trust Company (Superannuation) Limited Corporate Hybrid ASGARD Independence Plan Division Two ASGARD Capital Management Ltd Retail Accumulation , AusBev Superannuation Fund CCSL Limited Corporate Hybrid Auscoal Superannuation Fund AUSCOAL Superannuation Pty Ltd Industry Hybrid , Australia Post Superannuation Scheme PostSuper Pty Ltd Public Sector Hybrid , Australia's Unclaimed Super Fund Industry Funds Investments Ltd Retail - ERF Accumulation , Australian Catholic Superannuation and Retirement Fund SCS Super Pty. Limited Industry Accumulation , Australian Christian Superannuation Fund Australian Christian Superannuation Pty Ltd Corporate Accumulation Australian Eligible Rollover Fund Perpetual Superannuation Limited Retail - ERF Accumulation Australian Ethical Retail Superannuation Fund Australian Ethical Superannuation Pty Ltd Retail Accumulation Australian Government Employees Superannuation Trust AGEST Super Pty Ltd Industry Accumulation , Australian Meat Industry Superannuation Trust Australian Meat Industry Superannuation Pty Ltd Industry Accumulation , Australian Superannuation Savings Employment Trust - Asset Super A S S E T Ltd Industry Accumulation , Australian YMCA Superannuation Fund Austymca Nominees Pty Ltd Corporate Accumulation AustralianSuper AustralianSuper Pty Ltd Industry Hybrid , , Austsafe Superannuation Fund Austsafe Pty Ltd Industry Accumulation , Avanteos Superannuation Trust Avanteos Investments Limited Retail Accumulation , AvSuper Fund AvSuper Pty Ltd Public Sector Hybrid , AvWrap Retirement Service Macquarie Investment Management Ltd Retail Accumulation , Bankwest Staff Superannuation Plan Mercer Superannuation (Australia) Limited Corporate Accumulation BHP Billiton Superannuation Fund Total Risk Management Pty Limited Corporate Hybrid , Bluescope Steel Superannuation Fund Total Risk Management Pty Limited Corporate Hybrid , Boc Gases Superannuation Fund BOC Superannuation Pty Ltd Corporate Hybrid Bookmakers Superannuation Fund Equity Trustees Limited Industry Accumulation BT Classic Lifetime BT Funds Management No. 2 Limited Retail Accumulation BT Lifetime Super BT Funds Management Limited Retail Accumulation , Building Unions Superannuation Scheme (Queensland) BUSS (Queensland) Pty Ltd Industry Accumulation , Canegrowers Retirement Fund Canegrowers Superannuation Pty. Ltd. Industry Accumulation Care Super CARE Super Pty Ltd Industry Accumulation , Catholic Superannuation Fund CSF Pty Limited Industry Accumulation , CBH Superannuation Fund c C.B.H. Superannuation Holdings Pty Ltd Corporate Hybrid Challenger Retirement Fund Challenger Retirement and Investment Services Limited Retail Accumulation Chifley Super Chifley Financial Services Limited Retail Accumulation Christian Super Christian Super Pty Limited Industry Accumulation Citibank Australia Staff Superannuation Fund Citibank Australia Staff Superannuation Pty Ltd Corporate Hybrid ClearView Retirement Plan ClearView Life Nominees Pty Limited Retail Accumulation , Clough Superannuation Fund Clough Superannuation Pty Ltd Corporate Accumulation Club Plus Superannuation Scheme Club Plus Superannuation Pty Ltd Industry Accumulation , Club Super Club Plus QLD Pty Ltd Industry Accumulation Coal Industry Superannuation Fund Coal Industry Superannuation Board Public Sector Hybrid Colonial First State FirstChoice Superannuation Trust Colonial First State Investments Limited Retail Accumulation , Colonial First State Rollover & Superannuation Fund Colonial First State Investments Limited Retail Accumulation , Colonial Super Retirement Fund Colonial Mutual Superannuation Pty. Ltd. Retail Accumulation , Combined Fund a Combined Fund Pty Ltd Industry Hybrid Commonwealth Bank Group Super Commonwealth Bank Officers Superannuation Corporation Corporate Pty Limited Hybrid , Commonwealth Life Personal Superannuation Fund Commonwealth Custodial Services Limited Retail Accumulation , Concept One Superannuation Plan Concept One Pty Ltd Industry Accumulation Australian Prudential Regulation Authority 5

6 Table 1: Fund-level rates of return largest funds Fund name Fund trustee Fund type Benefit structure Proportion of total assets in default strategy investment options One-year ROR Five-year per annum ROR / (Rank) 192 funds Nine-year per annum ROR / (Rank) 159 funds 2012 Jun 2004 Jun 2005 Jun 2006 Jun 2007 Jun 2008 Jun 2009 Jun 2010 Jun 2011 Jun Construction & Building Unions Superannuation United Super Pty Ltd Industry Accumulation , CSS Fund Commonwealth Superannuation Corporation Public Sector Defined benefit , Definitive Superannuation Plan Macquarie Investment Management Ltd Retail Accumulation , Dow Australia Superannuation Fund a Dow Australia Superannuation Fund Pty Limited Corporate Accumulation DPM Retirement Service Nulis Nominees (Australia) Limited Retail Accumulation Duluxgroup Employees Superannuation Fund Towers Watson Superannuation Pty Ltd Corporate Hybrid EmPlus Superannuation Fund Equity Trustees Limited Retail Accumulation Encircle Superannuation Fund Avanteos Investments Limited Retail Accumulation Energy Industries Superannuation Scheme-Pool A Energy Industries Superannuation Scheme Pty Ltd Public Sector Accumulation , Energy Industries Superannuation Scheme-Pool B Energy Industries Superannuation Scheme Pty Ltd Public Sector Defined benefit , Energy Super Electricity Supply Industry Superannuation (QLD) Ltd Industry Hybrid , equipsuper Equipsuper Pty Ltd Industry Hybrid , EquitySuper Equity Trustees Superannuation Limited Retail Hybrid ExxonMobil Superannuation Plan ExxonMobil Superannuation Plan Pty Ltd Corporate Hybrid Fiducian Superannuation Fund Fiducian Portfolio Services Limited Retail Accumulation Fire and Emergency Services Superannuation Fund Fire and Emergency Services Superannuation Board Public Sector Hybrid First Quest Retirement Service N. M. Superannuation Proprietary Limited Retail Accumulation First State Superannuation Scheme FSS Trustee Corporation Public Sector Hybrid , First Super First Super Pty Limited Industry Accumulation , Freedom of Choice Superannuation Masterfund Equity Trustees Superannuation Limited Retail Accumulation General Retirement Plan Equity Trustees Limited Corporate Accumulation Goldman Sachs & JBWere Superannuation Fund BEST Superannuation Pty Ltd Corporate Hybrid Guild Retirement Fund Guild Trustee Services Pty. Limited Retail Accumulation Harwood Superannuation Fund Harwood Nominees Pty Ltd Corporate Hybrid , Health Employees Superannuation Trust Australia H.E.S.T. Australia Ltd. Industry Accumulation , Health Industry Plan Private Hospitals Superannuation Pty. Ltd. Industry Accumulation Holden Employees Superannuation Fund Holden Employees Superannuation Fund Pty Ltd Corporate Hybrid HOSTPLUS Superannuation Fund Host-Plus Pty. Limited Industry Accumulation , , IAG & NRMA Superannuation Plan IAG & NRMA Superannuation Pty Ltd Corporate Hybrid , IBM Australia Limited Superannuation Fund Coonara Superannuation Services Pty Ltd Corporate Hybrid , Incitec Pivot Employees Superannuation Fund Towers Watson Superannuation Pty Ltd Corporate Hybrid Integral Superannuation Fund Plan B Trustees Limited Retail Accumulation Intrust Super Fund IS INDUSTRY FUND PTY LTD Industry Accumulation , IOOF Portfolio Service Superannuation Fund IOOF Investment Management Limited Retail Hybrid 6.9 1, , IRIS Superannuation Fund Super Members Investments Limited Industry Accumulation KCA Super a KCA Super Pty Limited Corporate Hybrid Kellogg Retirement Fund Kellogg Superannuation Pty Limited Corporate Hybrid Kingston Superannuation Trust Australian Executor Trustees Limited Retail Accumulation Labour Union Co-Operative Retirement Fund L.U.C.R.F. Pty. Ltd. Industry Accumulation , Law Employees Superannuation Fund LESF Pty Ltd Industry Accumulation legalsuper Legal Super Pty Ltd Industry Accumulation , Lifefocus Superannuation Fund CCSL Limited Retail Accumulation Lifetime Superannuation Fund Plan B Trustees Limited Retail Hybrid Local Authorities Superannuation Fund Vision Super Pty Ltd Public Sector Hybrid , Local Government Superannuation Scheme Local Super Pty Ltd Public Sector Hybrid , Local Government Superannuation Scheme Queensland Local Government Superannuation Board Public Sector Hybrid , Local Government Superannuation Scheme - Pool A LGSS Pty Ltd Public Sector Accumulation , Local Government Superannuation Scheme - Pool B LGSS Pty Ltd Public Sector Defined benefit , Lutheran Super a LCA NOMINEES PTY. LTD. Corporate Hybrid MacMahon Employees Superannuation Fund The Trust Company (Superannuation) Limited Corporate Hybrid Macquarie ADF Superannuation Fund Macquarie Investment Management Ltd Retail Accumulation Macquarie Superannuation Plan Macquarie Investment Management Ltd Retail Accumulation , , Map Superannuation Plan MAP Funds Management Ltd Retail Accumulation Maritime Super Maritime Super Pty Limited Industry Hybrid , Mars Australia Retirement Plan a Mars Australia Superannuation Pty Limited Corporate Defined benefit Meat Industry Employees Superannuation Fund Meat Industry Employees Superannuation Fund Pty. Ltd. Industry Accumulation Media Super Media Super Limited Industry Accumulation , Australian Prudential Regulation Authority 6

7 Table 1: Fund-level rates of return largest funds Fund name Fund trustee Fund type Benefit structure Proportion of total assets in default strategy investment options One-year ROR Five-year per annum ROR / (Rank) 192 funds Nine-year per annum ROR / (Rank) 159 funds 2012 Jun 2004 Jun 2005 Jun 2006 Jun 2007 Jun 2008 Jun 2009 Jun 2010 Jun 2011 Jun Mercer Portfolio Service Superannuation Plan Mercer Superannuation (Australia) Limited Retail Accumulation , Mercer Super Trust Mercer Superannuation (Australia) Limited Retail Hybrid , Mercy Super Mercy Super Pty Ltd Corporate Hybrid Military Superannuation & Benefits Fund No 1 Commonwealth Superannuation Corporation Public Sector Hybrid , MLC Superannuation Fund Nulis Nominees (Australia) Limited Retail Accumulation , , MTAA Superannuation Fund Motor Trades Association of Australia Superannuation Fund Industry Pty. Limited Accumulation , National Australia Bank Group Superannuation Fund A National Australia Bank Superannuation Fund Pty Ltd Corporate Hybrid , National Mutual Retirement Fund a N. M. Superannuation Proprietary Limited Retail Accumulation , National Preservation Trust N. M. Superannuation Proprietary Limited Retail - ERF Accumulation Nationwide Superannuation Fund NSF Nominees Pty. Limited Retail Accumulation Nestle Australia Group Superannuation Fund a Total Risk Management Pty Limited Corporate Hybrid Netwealth Superannuation Master Fund Netwealth Investments Limited Retail Accumulation , New South Wales Electrical Superannuation Scheme New South Wales Electrical Superannuation Scheme Pty LtdIndustry Accumulation Newcastle Permanent Superannuation Plan Mercer Superannuation (Australia) Limited Retail Accumulation NGS Super NGS Super Pty Limited Industry Hybrid , Nufarm Employees Superannuation Trust b Nufarm Employees Superannuation Pty Ltd Corporate Accumulation O-I Australia Superannuation Fund Packaging Superannuation Fund Pty Ltd Corporate Hybrid Oasis Superannuation Master Trust Oasis Fund Management Limited Retail Accumulation , OnePath Masterfund OnePath Custodians Pty Limited Retail Hybrid , Oracle Superannuation Plan b Towers Watson Superannuation Pty Ltd Corporate Accumulation Perpetual WealthFocus Superannuation Fund Perpetual Superannuation Limited Retail Accumulation , Perpetual's Select Superannuation Fund Perpetual Superannuation Limited Retail Accumulation , Personal Choice Private Fund CCSL Limited Retail Accumulation Pilkington (Australia) Superannuation Scheme Pass Pty Limited Corporate Hybrid Plan B Superannuation Fund Plan B Trustees Limited Retail Accumulation Plum Superannuation Fund PFS Nominees Pty Ltd Retail Hybrid , Powerwrap Master Plan The Trust Company (Superannuation) Limited Retail Accumulation Premiumchoice Retirement Service Nulis Nominees (Australia) Limited Retail Accumulation , Prime Superannuation Fund Prime Super Pty Ltd Industry Accumulation , Professional Associations Superannuation Fund Professional Associations Superannuation Limited Industry Accumulation , Public Sector Superannuation Accumulation Plan Commonwealth Superannuation Corporation Public Sector Accumulation , Public Sector Superannuation Scheme Commonwealth Superannuation Corporation Public Sector Defined benefit , Qantas Superannuation Plan Qantas Superannuation Limited Corporate Hybrid , Quadrant Superannuation Scheme Quadrant Superannuation Pty Ltd Industry Hybrid Queensland Independent Education & Care Superannuation Trust QIEC Super Pty Ltd Industry Accumulation Rei Super Rei Superannuation Fund Pty Limited Industry Accumulation Reserve Bank of Australia Officers Superannuation Fund Group of individuals Public Sector Hybrid Retail Employees Superannuation Trust Retail Employees Superannuation Pty. Limited Industry Hybrid , , Retirement Portfolio Service OnePath Custodians Pty Limited Retail Accumulation Retirement Wrap BT Funds Management Limited Retail Hybrid 3.6 1, , Rio Tinto Staff Superannuation Fund Rio Tinto Staff Fund Pty Limited Corporate Hybrid , Russell Supersolution Master Trust Total Risk Management Pty Limited Retail Hybrid , Shell Australia Superannuation Fund a SASF Pty Ltd Corporate Hybrid Smartsave 'Member's Choice' Superannuation Master Plan Tidswell Financial Services Ltd Retail Accumulation SMF Eligible Rollover Fund Questor Financial Services Limited Retail - ERF Accumulation State Public Sector Superannuation Scheme Board of Trustees of the State Public Sector Superannuation Public Scheme Sector Hybrid , State Super Retirement Fund State Super Financial Services Australia Limited Retail Accumulation , Statewide Superannuation Trust Statewide Superannuation Pty Ltd Industry Hybrid , Suncorp Defined Benefit Fund a Suncorp Portfolio Services Limited Corporate Defined benefit Suncorp Master Trust Suncorp Portfolio Services Limited Retail Accumulation , Sunsuper Superannuation Fund Sunsuper Pty. Ltd. Industry Hybrid , , Super Directions Fund a N. M. Superannuation Proprietary Limited Retail Accumulation , SuperTrace Eligible Rollover Fund Colonial Mutual Superannuation Pty. Ltd. Retail - ERF Accumulation , , Symetry Personal Retirement Fund Avanteos Investments Limited Retail Accumulation , Synergy Superannuation Master Fund N. M. Superannuation Proprietary Limited Retail Accumulation TAL Superannuation and Insurance Fund a TAL Superannuation Limited Retail Accumulation , Tasplan Superannuation Fund Tasplan Ltd. Industry Accumulation , Australian Prudential Regulation Authority 7

8 Table 1: Fund-level rates of return largest funds Fund name Fund trustee Fund type Benefit structure Proportion of total assets in default strategy investment options One-year ROR Five-year per annum ROR / (Rank) 192 funds Nine-year per annum ROR / (Rank) 159 funds 2012 Jun 2004 Jun 2005 Jun 2006 Jun 2007 Jun 2008 Jun 2009 Jun 2010 Jun 2011 Jun Telstra Superannuation Scheme Telstra Super Pty Ltd Corporate Hybrid , The Allied Unions Superannuation Trust (Queensland) A.U.S.T. (Queensland) Pty Ltd Industry Accumulation The ARA Retirement Fund Aracon Superannuation Pty Ltd Retail Accumulation The Bendigo Superannuation Plan Sandhurst Trustees Limited Retail Accumulation The Executive Superannuation Fund The Trust Company (Superannuation) Limited Corporate Accumulation The Flexible Benefits Super Fund Towers Watson Superannuation Pty Ltd Corporate Hybrid The Industry Superannuation Fund The Industry Superannuation Fund Pty Ltd Industry Accumulation The Portfolio Service Retirement Fund Questor Financial Services Limited Retail Accumulation , The Retirement Plan N. M. Superannuation Proprietary Limited Retail Accumulation , The Transport Industry Superannuation Fund T.I.S. Pty. Ltd. Industry Accumulation The Universal Super Scheme MLC Nominees Pty Ltd Retail Accumulation , , The Victorian Independent Schools Superannuation Fund c V.I.S. Nominees Pty. Limited Industry Hybrid Tidswell Master Superannuation Plan Tidswell Financial Services Ltd Retail Accumulation Toyota Australia Superannuation Plan Toyota Australia Superannuation Plan Pty Ltd Corporate Hybrid Toyota Employees Superannuation Trust T.E.S.T. Pty Ltd Corporate Hybrid TWU Superannuation Fund TWU Nominees Pty Ltd Industry Accumulation , Unisuper Unisuper Ltd Industry Hybrid , United Technologies Corporation Retirement Plan Towers Watson Superannuation Pty Ltd Corporate Hybrid Uniting Church in Australia Beneficiary Fund a Benefund Limited Corporate Hybrid Victorian Superannuation Fund Vicsuper Pty Ltd Industry Hybrid , Virgin Superannuation The Trust Company (Superannuation) Limited Retail Accumulation Vision Superannuation Fund Vision Super Pty Ltd Industry Accumulation WA Local Government Superannuation Plan WA Local Government Superannuation Plan Pty Ltd Public Sector Accumulation , Water Corporation Superannuation Plan Water Corporation Superannuation Pty Limited Corporate Accumulation Wealth Personal Superannuation and Pension Fund N M Superannuation Proprietary Limited Retail Accumulation , Westpac Mastertrust - Superannuation Division Westpac Securities Administration Limited Retail Accumulation , Westpac Personal Superannuation Fund Westpac Securities Administration Limited Retail Accumulation Worsley Alumina Superannuation Fund PFS Nominees Pty Ltd Corporate Hybrid Zurich Master Superannuation Fund Zurich Australian Superannuation Pty Ltd Retail Accumulation , a Funds with a non-30 June year-end. Fund profile data are as at the fund's year-end. ROR s are as at 30-June. Refer to explanatory notes b Funds with a non-30 June year-end. Fund profile data are as at the fund's year-end. ROR s are as at 31-May. Refer to explanatory notes c Funds with a non-30 June year-end. Fund profile data are as at the fund's year-end. ROR s are as at 31-July. Refer to explanatory notes Australian Prudential Regulation Authority 8

9 Table 1a: Five-year fund-level rates of return a Rank Fund name Fund trustee Fund type Benefit structure Proportion of total assets in default strategy investment options One-year ROR Five-year per annum ROR Jun 2008 Jun 2009 Jun 2010 Jun 2011 Jun Challenger Retirement Fund Challenger Retirement and Investment Services Retail Limited Accumulation Newcastle Permanent Superannuation Plan Mercer Superannuation (Australia) Limited Retail Accumulation CBH Superannuation Fund d C.B.H. Superannuation Holdings Pty Ltd Corporate Hybrid AMP Eligible Rollover Fund AMP Superannuation Limited Retail - ERF Accumulation , Macquarie ADF Superannuation Fund Macquarie Investment Management Ltd Retail Accumulation Advance Retirement Savings Account ASGARD Capital Management Ltd Retail - ERF Accumulation Uniting Church in Australia Beneficiary Fund b Benefund Limited Corporate Hybrid Commonwealth Bank Group Super Commonwealth Bank Officers Superannuation Corporate Corporation Pty Hybrid Limited , SuperTrace Eligible Rollover Fund Colonial Mutual Superannuation Pty. Ltd. Retail - ERF Accumulation , , Tidswell Master Superannuation Plan Tidswell Financial Services Ltd Retail Accumulation United Technologies Corporation Retirement Plan Towers Watson Superannuation Pty Ltd Corporate Hybrid Canegrowers Retirement Fund Canegrowers Superannuation Pty. Ltd. Industry Accumulation Shell Australia Superannuation Fund b SASF Pty Ltd Corporate Hybrid Local Government Superannuation Scheme Queensland Local Government Superannuation Public Board Sector Hybrid , The ARA Retirement Fund Aracon Superannuation Pty Ltd Retail Accumulation Australia Post Superannuation Scheme PostSuper Pty Ltd Public Sector Hybrid , Goldman Sachs & JBWere Superannuation Fund BEST Superannuation Pty Ltd Corporate Hybrid Reserve Bank of Australia Officers Superannuation Fund Group of individuals Public Sector Hybrid Vision Superannuation Fund Vision Super Pty Ltd Industry Accumulation Worsley Alumina Superannuation Fund PFS Nominees Pty Ltd Corporate Hybrid Retail Employees Superannuation Trust Retail Employees Superannuation Pty. LimitedIndustry Hybrid , , IRIS Superannuation Fund Super Members Investments Limited Industry Accumulation Care Super CARE Super Pty Ltd Industry Accumulation , Commonwealth Life Personal Superannuation Fund Commonwealth Custodial Services Limited Retail Accumulation , Local Government Superannuation Scheme Local Super Pty Ltd Public Sector Hybrid , Auscoal Superannuation Fund AUSCOAL Superannuation Pty Ltd Industry Hybrid , Kellogg Retirement Fund Kellogg Superannuation Pty Limited Corporate Hybrid Nestle Australia Group Superannuation Fund b Total Risk Management Pty Limited Corporate Hybrid The Flexible Benefits Super Fund Towers Watson Superannuation Pty Ltd Corporate Hybrid Unisuper Unisuper Ltd Industry Hybrid , State Super Retirement Fund State Super Financial Services Australia Limited Retail Accumulation , Energy Super Electricity Supply Industry Superannuation (QLD) Industry Ltd Hybrid , KCA Super b KCA Super Pty Limited Corporate Hybrid BHP Billiton Superannuation Fund Total Risk Management Pty Limited Corporate Hybrid , Catholic Superannuation Fund CSF Pty Limited Industry Accumulation , CSS Fund Commonwealth Superannuation Corporation Public Sector Defined benefit , equipsuper Equipsuper Pty Ltd Industry Hybrid , Pilkington (Australia) Superannuation Scheme Pass Pty Limited Corporate Hybrid SMF Eligible Rollover Fund Questor Financial Services Limited Retail - ERF Accumulation Bankwest Staff Superannuation Plan Mercer Superannuation (Australia) Limited Corporate Accumulation First State Superannuation Scheme FSS Trustee Corporation Public Sector Hybrid , Incitec Pivot Employees Superannuation Fund Towers Watson Superannuation Pty Ltd Corporate Hybrid Maritime Super Maritime Super Pty Limited Industry Hybrid , Public Sector Superannuation Accumulation Plan Commonwealth Superannuation Corporation Public Sector Accumulation , Bluescope Steel Superannuation Fund Total Risk Management Pty Limited Corporate Hybrid , Chifley Super Chifley Financial Services Limited Retail Accumulation Dow Australia Superannuation Fund b Dow Australia Superannuation Fund Pty Limited Corporate Accumulation Australian Prudential Regulation Authority 9

10 Table 1a: Five-year fund-level rates of return a Rank Fund name Fund trustee Fund type Benefit structure Proportion of total assets in default strategy investment options One-year ROR Five-year per annum ROR 2012 Jun 2008 Jun 2009 Jun 2010 Jun 2011 Jun Health Employees Superannuation Trust Australia H.E.S.T. Australia Ltd. Industry Accumulation , Local Authorities Superannuation Fund Vision Super Pty Ltd Public Sector Hybrid , Meat Industry Employees Superannuation Fund Meat Industry Employees Superannuation Fund Industry Pty. Ltd. Accumulation Tasplan Superannuation Fund Tasplan Ltd. Industry Accumulation , Construction & Building Unions Superannuation United Super Pty Ltd Industry Accumulation , Holden Employees Superannuation Fund Holden Employees Superannuation Fund Pty Ltd Corporate Hybrid Lutheran Super b LCA NOMINEES PTY. LTD. Corporate Hybrid National Preservation Trust N. M. Superannuation Proprietary Limited Retail - ERF Accumulation Public Sector Superannuation Scheme Commonwealth Superannuation Corporation Public Sector Defined benefit , Building Unions Superannuation Scheme (Queensland) BUSS (Queensland) Pty Ltd Industry Accumulation , Club Plus Superannuation Scheme Club Plus Superannuation Pty Ltd Industry Accumulation , Energy Industries Superannuation Scheme-Pool A Energy Industries Superannuation Scheme Pty Public Ltd Sector Accumulation , NGS Super NGS Super Pty Limited Industry Hybrid , Fire and Emergency Services Superannuation Fund Fire and Emergency Services Superannuation Public Board Sector Hybrid Plan B Superannuation Fund Plan B Trustees Limited Retail Accumulation Rio Tinto Staff Superannuation Fund Rio Tinto Staff Fund Pty Limited Corporate Hybrid , AustralianSuper AustralianSuper Pty Ltd Industry Hybrid , , Citibank Australia Staff Superannuation Fund Citibank Australia Staff Superannuation Pty Ltd Corporate Hybrid Concept One Superannuation Plan Concept One Pty Ltd Industry Accumulation Law Employees Superannuation Fund LESF Pty Ltd Industry Accumulation Victorian Superannuation Fund Vicsuper Pty Ltd Industry Hybrid , Australian Meat Industry Superannuation Trust Australian Meat Industry Superannuation Pty Industry Ltd Accumulation , Sunsuper Superannuation Fund Sunsuper Pty. Ltd. Industry Hybrid , , Toyota Australia Superannuation Plan Toyota Australia Superannuation Plan Pty LtdCorporate Hybrid Toyota Employees Superannuation Trust T.E.S.T. Pty Ltd Corporate Hybrid ANZ Australian Staff Superannuation Scheme b ANZ Staff Superannuation (Australia) Pty. Limited Corporate Hybrid , Australian Government Employees Superannuation Trust AGEST Super Pty Ltd Industry Accumulation , Harwood Superannuation Fund Harwood Nominees Pty Ltd Corporate Hybrid , HOSTPLUS Superannuation Fund Host-Plus Pty. Limited Industry Accumulation , , Local Government Superannuation Scheme - Pool A LGSS Pty Ltd Public Sector Accumulation , Mars Australia Retirement Plan b Mars Australia Superannuation Pty Limited Corporate Defined benefit Mercy Super Mercy Super Pty Ltd Corporate Hybrid National Australia Bank Group Superannuation Fund A National Australia Bank Superannuation Fund Corporate Pty Ltd Hybrid , Qantas Superannuation Plan Qantas Superannuation Limited Corporate Hybrid , Suncorp Defined Benefit Fund b Suncorp Portfolio Services Limited Corporate Defined benefit Telstra Superannuation Scheme Telstra Super Pty Ltd Corporate Hybrid , AusBev Superannuation Fund CCSL Limited Corporate Hybrid IAG & NRMA Superannuation Plan IAG & NRMA Superannuation Pty Ltd Corporate Hybrid , TWU Superannuation Fund TWU Nominees Pty Ltd Industry Accumulation , Water Corporation Superannuation Plan Water Corporation Superannuation Pty LimitedCorporate Accumulation Aon Eligible Rollover Fund Aon Superannuation Pty Limited Retail - ERF Accumulation Colonial Super Retirement Fund Colonial Mutual Superannuation Pty. Ltd. Retail Accumulation , First Super First Super Pty Limited Industry Accumulation , Media Super Media Super Limited Industry Accumulation , Mercer Portfolio Service Superannuation Plan Mercer Superannuation (Australia) Limited Retail Accumulation , Suncorp Master Trust Suncorp Portfolio Services Limited Retail Accumulation , WA Local Government Superannuation Plan WA Local Government Superannuation Plan Pty Public Ltd Sector Accumulation , Australian Prudential Regulation Authority 10

11 Table 1a: Five-year fund-level rates of return a Rank Fund name Fund trustee Fund type Benefit structure Proportion of total assets in default strategy investment options One-year ROR Five-year per annum ROR 2012 Jun 2008 Jun 2009 Jun 2010 Jun 2011 Jun Westpac Personal Superannuation Fund Westpac Securities Administration Limited Retail Accumulation Zurich Master Superannuation Fund Zurich Australian Superannuation Pty Ltd Retail Accumulation , Australian Eligible Rollover Fund Perpetual Superannuation Limited Retail - ERF Accumulation Austsafe Superannuation Fund Austsafe Pty Ltd Industry Accumulation , ClearView Retirement Plan ClearView Life Nominees Pty Limited Retail Accumulation , Coal Industry Superannuation Fund Coal Industry Superannuation Board Public Sector Hybrid Labour Union Co-Operative Retirement Fund L.U.C.R.F. Pty. Ltd. Industry Accumulation , Oracle Superannuation Plan c Towers Watson Superannuation Pty Ltd Corporate Accumulation Rei Super Rei Superannuation Fund Pty Limited Industry Accumulation Russell Supersolution Master Trust Total Risk Management Pty Limited Retail Hybrid , The Industry Superannuation Fund The Industry Superannuation Fund Pty Ltd Industry Accumulation The Victorian Independent Schools Superannuation Fund d V.I.S. Nominees Pty. Limited Industry Hybrid AvSuper Fund AvSuper Pty Ltd Public Sector Hybrid , Clough Superannuation Fund Clough Superannuation Pty Ltd Corporate Accumulation Mercer Super Trust Mercer Superannuation (Australia) Limited Retail Hybrid , The Bendigo Superannuation Plan Sandhurst Trustees Limited Retail Accumulation The Portfolio Service Retirement Fund Questor Financial Services Limited Retail Accumulation , Advance Retirement Suite ASGARD Capital Management Ltd Retail Accumulation Australia's Unclaimed Super Fund Industry Funds Investments Ltd Retail - ERF Accumulation , ACP Retirement Fund ACP Custodians Pty Ltd Corporate Accumulation Alcoa of Australia Retirement Plan Alcoa of Australia Retirement Plan Pty Ltd Corporate Hybrid , Australian Catholic Superannuation and Retirement Fund SCS Super Pty. Limited Industry Accumulation , Australian Superannuation Savings Employment Trust - Asset SuperA S S E T Ltd Industry Accumulation , Combined Fund b Combined Fund Pty Ltd Industry Hybrid IBM Australia Limited Superannuation Fund Coonara Superannuation Services Pty Ltd Corporate Hybrid , Queensland Independent Education & Care Superannuation Trust QIEC Super Pty Ltd Industry Accumulation ExxonMobil Superannuation Plan ExxonMobil Superannuation Plan Pty Ltd Corporate Hybrid Health Industry Plan Private Hospitals Superannuation Pty. Ltd. Industry Accumulation legalsuper Legal Super Pty Ltd Industry Accumulation , MacMahon Employees Superannuation Fund The Trust Company (Superannuation) LimitedCorporate Hybrid New South Wales Electrical Superannuation Scheme New South Wales Electrical Superannuation Scheme IndustryPty Ltd Accumulation Quadrant Superannuation Scheme Quadrant Superannuation Pty Ltd Industry Hybrid Retirement Portfolio Service OnePath Custodians Pty Limited Retail Accumulation The Allied Unions Superannuation Trust (Queensland) A.U.S.T. (Queensland) Pty Ltd Industry Accumulation Professional Associations Superannuation Fund Professional Associations Superannuation Limited Industry Accumulation , Energy Industries Superannuation Scheme-Pool B Energy Industries Superannuation Scheme Pty Public Ltd Sector Defined benefit , EquitySuper Equity Trustees Superannuation Limited Retail Hybrid Plum Superannuation Fund PFS Nominees Pty Ltd Retail Hybrid , Guild Retirement Fund Guild Trustee Services Pty. Limited Retail Accumulation Intrust Super Fund IS INDUSTRY FUND PTY LTD Industry Accumulation , Perpetual WealthFocus Superannuation Fund Perpetual Superannuation Limited Retail Accumulation , The Executive Superannuation Fund The Trust Company (Superannuation) LimitedCorporate Accumulation AON Master Trust Aon Superannuation Pty Limited Retail Hybrid , Christian Super Christian Super Pty Limited Industry Accumulation Macquarie Superannuation Plan Macquarie Investment Management Ltd Retail Accumulation , , Westpac Mastertrust - Superannuation Division Westpac Securities Administration Limited Retail Accumulation , Boc Gases Superannuation Fund BOC Superannuation Pty Ltd Corporate Hybrid Australian Prudential Regulation Authority 11

12 Table 1a: Five-year fund-level rates of return a Rank Fund name Fund trustee Fund type Benefit structure Proportion of total assets in default strategy investment options One-year ROR Five-year per annum ROR 2012 Jun 2008 Jun 2009 Jun 2010 Jun 2011 Jun DPM Retirement Service Nulis Nominees (Australia) Limited Retail Accumulation Integral Superannuation Fund Plan B Trustees Limited Retail Accumulation Map Superannuation Plan MAP Funds Management Ltd Retail Accumulation National Mutual Retirement Fund b N. M. Superannuation Proprietary Limited Retail Accumulation , AMP Superannuation Savings Trust AMP Superannuation Limited Retail Hybrid , , ASC Superannuation Fund The Trust Company (Superannuation) LimitedCorporate Hybrid Military Superannuation & Benefits Fund No 1 Commonwealth Superannuation Corporation Public Sector Hybrid , Perpetual's Select Superannuation Fund Perpetual Superannuation Limited Retail Accumulation , ASGARD Independence Plan Division Two ASGARD Capital Management Ltd Retail Accumulation , BT Classic Lifetime BT Funds Management No. 2 Limited Retail Accumulation Colonial First State FirstChoice Superannuation Trust Colonial First State Investments Limited Retail Accumulation , General Retirement Plan Equity Trustees Limited Corporate Accumulation Lifetime Superannuation Fund Plan B Trustees Limited Retail Hybrid OnePath Masterfund OnePath Custodians Pty Limited Retail Hybrid , The Universal Super Scheme MLC Nominees Pty Ltd Retail Accumulation , , Australian Ethical Retail Superannuation Fund Australian Ethical Superannuation Pty Ltd Retail Accumulation BT Lifetime Super BT Funds Management Limited Retail Accumulation , Club Super Club Plus QLD Pty Ltd Industry Accumulation Freedom of Choice Superannuation Masterfund Equity Trustees Superannuation Limited Retail Accumulation Nufarm Employees Superannuation Trust c Nufarm Employees Superannuation Pty Ltd Corporate Accumulation Retirement Wrap BT Funds Management Limited Retail Hybrid 3.6 1, , Local Government Superannuation Scheme - Pool B LGSS Pty Ltd Public Sector Defined benefit , AMG Universal Super The Trust Company (Superannuation) LimitedRetail Accumulation Smartsave 'Member's Choice' Superannuation Master Plan Tidswell Financial Services Ltd Retail Accumulation The Retirement Plan N. M. Superannuation Proprietary Limited Retail Accumulation , Symetry Personal Retirement Fund Avanteos Investments Limited Retail Accumulation , Avanteos Superannuation Trust Avanteos Investments Limited Retail Accumulation , MLC Superannuation Fund Nulis Nominees (Australia) Limited Retail Accumulation , , O-I Australia Superannuation Fund Packaging Superannuation Fund Pty Ltd Corporate Hybrid Virgin Superannuation The Trust Company (Superannuation) LimitedRetail Accumulation Australian YMCA Superannuation Fund Austymca Nominees Pty Ltd Corporate Accumulation Prime Superannuation Fund Prime Super Pty Ltd Industry Accumulation , Super Directions Fund b N. M. Superannuation Proprietary Limited Retail Accumulation , Statewide Superannuation Trust Statewide Superannuation Pty Ltd Industry Hybrid , AvWrap Retirement Service Macquarie Investment Management Ltd Retail Accumulation , Synergy Superannuation Master Fund N. M. Superannuation Proprietary Limited Retail Accumulation TAL Superannuation and Insurance Fund b TAL Superannuation Limited Retail Accumulation , The Transport Industry Superannuation Fund T.I.S. Pty. Ltd. Industry Accumulation Colonial First State Rollover & Superannuation Fund Colonial First State Investments Limited Retail Accumulation , Fiducian Superannuation Fund Fiducian Portfolio Services Limited Retail Accumulation IOOF Portfolio Service Superannuation Fund IOOF Investment Management Limited Retail Hybrid 6.9 1, , Nationwide Superannuation Fund NSF Nominees Pty. Limited Retail Accumulation First Quest Retirement Service N. M. Superannuation Proprietary Limited Retail Accumulation Netwealth Superannuation Master Fund Netwealth Investments Limited Retail Accumulation , Premiumchoice Retirement Service Nulis Nominees (Australia) Limited Retail Accumulation , EmPlus Superannuation Fund Equity Trustees Limited Retail Accumulation Australian Christian Superannuation Fund Australian Christian Superannuation Pty Ltd Corporate Accumulation Australian Prudential Regulation Authority 12

13 Table 1a: Five-year fund-level rates of return a Rank Fund name Fund trustee Fund type Benefit structure Proportion of total assets in default strategy investment options One-year ROR Five-year per annum ROR 2012 Jun 2008 Jun 2009 Jun 2010 Jun 2011 Jun Oasis Superannuation Master Trust Oasis Fund Management Limited Retail Accumulation , MTAA Superannuation Fund Motor Trades Association of Australia Superannuation Industry Fund Pty. Accumulation Limited , Lifefocus Superannuation Fund CCSL Limited Retail Accumulation Bookmakers Superannuation Fund Equity Trustees Limited Industry Accumulation a Not all funds have five years of data therefore not all of the largest 200 funds appear above b Funds with a non-30 June year-end. Fund profile data are as at the fund's year-end. ROR s are as at 30-June. Refer to explanatory notes c Funds with a non-30 June year-end. Fund profile data are as at the fund's year-end. ROR s are as at 31-May. Refer to explanatory notes d Funds with a non-30 June year-end. Fund profile data are as at the fund's year-end. ROR s are as at 31-July. Refer to explanatory notes Australian Prudential Regulation Authority 13

14 Table 1b: Nine-year fund-level rates of return a Rank Fund name Fund trustee ABN Fund type Benefit structure Proportion of total assets in default strategy investment options Five-year per annum ROR Nine-year per annum ROR Goldman Sachs & JBWere Superannuation Fund BEST Superannuation Pty Ltd Corporate Hybrid Commonwealth Bank Group Super Commonwealth Bank Officers Superannuation Corporation Pty Corporate Limited Hybrid , Worsley Alumina Superannuation Fund PFS Nominees Pty Ltd Corporate Hybrid Tidswell Master Superannuation Plan Tidswell Financial Services Ltd Retail Accumulation Unisuper Unisuper Ltd Industry Hybrid , Australia Post Superannuation Scheme PostSuper Pty Ltd Public Sector Hybrid , United Technologies Corporation Retirement Plan Towers Watson Superannuation Pty Ltd Corporate Hybrid Maritime Super Maritime Super Pty Limited Industry Hybrid , Catholic Superannuation Fund CSF Pty Limited Industry Accumulation , Local Government Superannuation Scheme Queensland Local Government Superannuation Board Public Sector Hybrid , Clough Superannuation Fund Clough Superannuation Pty Ltd Corporate Accumulation Energy Super Electricity Supply Industry Superannuation (QLD) Ltd Industry Hybrid , National Australia Bank Group Superannuation Fund A National Australia Bank Superannuation Fund Pty Ltd Corporate Hybrid , Reserve Bank of Australia Officers Superannuation Fund Group of individuals Public Sector Hybrid AustralianSuper AustralianSuper Pty Ltd Industry Hybrid , , Construction & Building Unions Superannuation United Super Pty Ltd Industry Accumulation , Local Government Superannuation Scheme Local Super Pty Ltd Public Sector Hybrid , Bluescope Steel Superannuation Fund Total Risk Management Pty Limited Corporate Hybrid , CSS Fund Commonwealth Superannuation Corporation Public Sector Defined benefit , Auscoal Superannuation Fund AUSCOAL Superannuation Pty Ltd Industry Hybrid , Australian Meat Industry Superannuation Trust Australian Meat Industry Superannuation Pty Ltd Industry Accumulation , Building Unions Superannuation Scheme (Queensland) BUSS (Queensland) Pty Ltd Industry Accumulation , Care Super CARE Super Pty Ltd Industry Accumulation , Health Employees Superannuation Trust Australia H.E.S.T. Australia Ltd Industry Accumulation , Public Sector Superannuation Scheme Commonwealth Superannuation Corporation Public Sector Defined benefit , BHP Billiton Superannuation Fund Total Risk Management Pty Limited Corporate Hybrid , equipsuper Equipsuper Pty Ltd Industry Hybrid , Retail Employees Superannuation Trust Retail Employees Superannuation Pty. Limited Industry Hybrid , , NGS Super NGS Super Pty Limited Industry Hybrid , Rio Tinto Staff Superannuation Fund Rio Tinto Staff Fund Pty Limited Corporate Hybrid , Mercy Super Mercy Super Pty Ltd Corporate Hybrid Qantas Superannuation Plan Qantas Superannuation Limited Corporate Hybrid , The Flexible Benefits Super Fund Towers Watson Superannuation Pty Ltd Corporate Hybrid Bankwest Staff Superannuation Plan Mercer Superannuation (Australia) Limited Corporate Accumulation IRIS Superannuation Fund Super Members Investments Limited Industry Accumulation Local Authorities Superannuation Fund Vision Super Pty Ltd Public Sector Hybrid , Coal Industry Superannuation Fund Coal Industry Superannuation Board Public Sector Hybrid Holden Employees Superannuation Fund Holden Employees Superannuation Fund Pty Ltd Corporate Hybrid Australian Prudential Regulation Authority 14

15 Table 1b: Nine-year fund-level rates of return a Rank Fund name Fund trustee ABN Fund type Benefit structure Proportion of total assets in default strategy investment options Five-year per annum ROR Nine-year per annum ROR Kellogg Retirement Fund Kellogg Superannuation Pty Limited Corporate Hybrid Perpetual WealthFocus Superannuation Fund Perpetual Superannuation Limited Retail Accumulation , Australian Government Employees Superannuation Trust AGEST Super Pty Ltd Industry Accumulation , Fire and Emergency Services Superannuation Fund Fire and Emergency Services Superannuation Board Public Sector Hybrid HOSTPLUS Superannuation Fund Host-Plus Pty. Limited Industry Accumulation , , IAG & NRMA Superannuation Plan IAG & NRMA Superannuation Pty Ltd Corporate Hybrid , Sunsuper Superannuation Fund Sunsuper Pty. Ltd Industry Hybrid , , Telstra Superannuation Scheme Telstra Super Pty Ltd Corporate Hybrid , AusBev Superannuation Fund CCSL Limited Corporate Hybrid Club Plus Superannuation Scheme Club Plus Superannuation Pty Ltd Industry Accumulation , First Super First Super Pty Limited Industry Accumulation , Labour Union Co-Operative Retirement Fund L.U.C.R.F. Pty. Ltd Industry Accumulation , Tasplan Superannuation Fund Tasplan Ltd Industry Accumulation , Boc Gases Superannuation Fund BOC Superannuation Pty Ltd Corporate Hybrid Canegrowers Retirement Fund Canegrowers Superannuation Pty. Ltd Industry Accumulation Media Super Media Super Limited Industry Accumulation , Meat Industry Employees Superannuation Fund Meat Industry Employees Superannuation Fund Pty. Ltd. Industry Accumulation Toyota Employees Superannuation Trust T.E.S.T. Pty Ltd Corporate Hybrid ACP Retirement Fund ACP Custodians Pty Ltd Corporate Accumulation Alcoa of Australia Retirement Plan Alcoa of Australia Retirement Plan Pty Ltd Corporate Hybrid , Australian Catholic Superannuation and Retirement Fund SCS Super Pty. Limited Industry Accumulation , Energy Industries Superannuation Scheme-Pool B Energy Industries Superannuation Scheme Pty Ltd Public Sector Defined benefit , Pilkington (Australia) Superannuation Scheme Pass Pty Limited Corporate Hybrid Plum Superannuation Fund PFS Nominees Pty Ltd Retail Hybrid , Queensland Independent Education & Care Superannuation Trust QIEC Super Pty Ltd Industry Accumulation TWU Superannuation Fund TWU Nominees Pty Ltd Industry Accumulation , Water Corporation Superannuation Plan Water Corporation Superannuation Pty Limited Corporate Accumulation Austsafe Superannuation Fund Austsafe Pty Ltd Industry Accumulation , Commonwealth Life Personal Superannuation Fund Commonwealth Custodial Services Limited Retail Accumulation , Harwood Superannuation Fund Harwood Nominees Pty Ltd Corporate Hybrid , Health Industry Plan Private Hospitals Superannuation Pty. Ltd Industry Accumulation Mercer Super Trust Mercer Superannuation (Australia) Limited Retail Hybrid , Military Superannuation & Benefits Fund No 1 Commonwealth Superannuation Corporation Public Sector Hybrid , Rei Super Rei Superannuation Fund Pty Limited Industry Accumulation BT Classic Lifetime BT Funds Management No. 2 Limited Retail Accumulation New South Wales Electrical Superannuation Scheme New South Wales Electrical Superannuation Scheme Pty Ltd Industry Accumulation Toyota Australia Superannuation Plan Toyota Australia Superannuation Plan Pty Ltd Corporate Hybrid Victorian Superannuation Fund Vicsuper Pty Ltd Industry Hybrid , Australian Prudential Regulation Authority 15

16 Table 1b: Nine-year fund-level rates of return a Rank Fund name Fund trustee ABN Fund type Benefit structure Proportion of total assets in default strategy investment options Five-year per annum ROR Nine-year per annum ROR ASC Superannuation Fund The Trust Company (Superannuation) Limited Corporate Hybrid Retirement Portfolio Service OnePath Custodians Pty Limited Retail Accumulation Intrust Super Fund IS INDUSTRY FUND PTY LTD Industry Accumulation , Law Employees Superannuation Fund LESF Pty Ltd Industry Accumulation The Allied Unions Superannuation Trust (Queensland) A.U.S.T. (Queensland) Pty Ltd Industry Accumulation The Portfolio Service Retirement Fund Questor Financial Services Limited Retail Accumulation , WA Local Government Superannuation Plan WA Local Government Superannuation Plan Pty Ltd Public Sector Accumulation , Australian YMCA Superannuation Fund Austymca Nominees Pty Ltd Corporate Accumulation Concept One Superannuation Plan Concept One Pty Ltd Industry Accumulation Energy Industries Superannuation Scheme-Pool A Energy Industries Superannuation Scheme Pty Ltd Public Sector Accumulation , Map Superannuation Plan MAP Funds Management Ltd Retail Accumulation State Super Retirement Fund State Super Financial Services Australia Limited Retail Accumulation , Australian Superannuation Savings Employment Trust - Asset SuperA S S E T Ltd Industry Accumulation , ExxonMobil Superannuation Plan ExxonMobil Superannuation Plan Pty Ltd Corporate Hybrid Lifetime Superannuation Fund Plan B Trustees Limited Retail Hybrid Quadrant Superannuation Scheme Quadrant Superannuation Pty Ltd Industry Hybrid Zurich Master Superannuation Fund Zurich Australian Superannuation Pty Ltd Retail Accumulation , AvSuper Fund AvSuper Pty Ltd Public Sector Hybrid , Christian Super Christian Super Pty Limited Industry Accumulation Club Super Club Plus QLD Pty Ltd Industry Accumulation Local Government Superannuation Scheme - Pool A LGSS Pty Ltd Public Sector Accumulation , Local Government Superannuation Scheme - Pool B LGSS Pty Ltd Public Sector Defined benefit , Mercer Portfolio Service Superannuation Plan Mercer Superannuation (Australia) Limited Retail Accumulation , MTAA Superannuation Fund Motor Trades Association of Australia Superannuation Fund Pty. Industry Limited Accumulation , SuperTrace Eligible Rollover Fund Colonial Mutual Superannuation Pty. Ltd Retail - ERF Accumulation , , The Executive Superannuation Fund The Trust Company (Superannuation) Limited Corporate Accumulation Challenger Retirement Fund Challenger Retirement and Investment Services Limited Retail Accumulation Chifley Super Chifley Financial Services Limited Retail Accumulation Colonial Super Retirement Fund Colonial Mutual Superannuation Pty. Ltd Retail Accumulation , legalsuper Legal Super Pty Ltd Industry Accumulation , ClearView Retirement Plan ClearView Life Nominees Pty Limited Retail Accumulation , Freedom of Choice Superannuation Masterfund Equity Trustees Superannuation Limited Retail Accumulation MacMahon Employees Superannuation Fund The Trust Company (Superannuation) Limited Corporate Hybrid O-I Australia Superannuation Fund Packaging Superannuation Fund Pty Ltd Corporate Hybrid The Universal Super Scheme MLC Nominees Pty Ltd Retail Accumulation , , Australian Ethical Retail Superannuation Fund Australian Ethical Superannuation Pty Ltd Retail Accumulation Macquarie Superannuation Plan Macquarie Investment Management Ltd Retail Accumulation , , Newcastle Permanent Superannuation Plan Mercer Superannuation (Australia) Limited Retail Accumulation Australian Prudential Regulation Authority 16

17 Table 1b: Nine-year fund-level rates of return a Rank Fund name Fund trustee ABN Fund type Benefit structure Proportion of total assets in default strategy investment options Five-year per annum ROR Nine-year per annum ROR Plan B Superannuation Fund Plan B Trustees Limited Retail Accumulation BT Lifetime Super BT Funds Management Limited Retail Accumulation , The Industry Superannuation Fund The Industry Superannuation Fund Pty Ltd Industry Accumulation The Retirement Plan N. M. Superannuation Proprietary Limited Retail Accumulation , ASGARD Independence Plan Division Two ASGARD Capital Management Ltd Retail Accumulation , EquitySuper Equity Trustees Superannuation Limited Retail Hybrid Perpetual's Select Superannuation Fund Perpetual Superannuation Limited Retail Accumulation , AMG Universal Super The Trust Company (Superannuation) Limited Retail Accumulation AMP Superannuation Savings Trust AMP Superannuation Limited Retail Hybrid , , Australia's Unclaimed Super Fund Industry Funds Investments Ltd Retail - ERF Accumulation , Colonial First State Rollover & Superannuation Fund Colonial First State Investments Limited Retail Accumulation , MLC Superannuation Fund Nulis Nominees (Australia) Limited Retail Accumulation , , Statewide Superannuation Trust Statewide Superannuation Pty Ltd Industry Hybrid , AON Master Trust Aon Superannuation Pty Limited Retail Hybrid , Colonial First State FirstChoice Superannuation Trust Colonial First State Investments Limited Retail Accumulation , Westpac Mastertrust - Superannuation Division Westpac Securities Administration Limited Retail Accumulation , Westpac Personal Superannuation Fund Westpac Securities Administration Limited Retail Accumulation Australian Eligible Rollover Fund Perpetual Superannuation Limited Retail - ERF Accumulation Fiducian Superannuation Fund Fiducian Portfolio Services Limited Retail Accumulation Retirement Wrap BT Funds Management Limited Retail Hybrid 3.6 1, , AMP Eligible Rollover Fund AMP Superannuation Limited Retail - ERF Accumulation , Synergy Superannuation Master Fund N. M. Superannuation Proprietary Limited Retail Accumulation The Bendigo Superannuation Plan Sandhurst Trustees Limited Retail Accumulation The Transport Industry Superannuation Fund T.I.S. Pty. Ltd Industry Accumulation General Retirement Plan Equity Trustees Limited Corporate Accumulation OnePath Masterfund OnePath Custodians Pty Limited Retail Hybrid , Avanteos Superannuation Trust Avanteos Investments Limited Retail Accumulation , DPM Retirement Service Nulis Nominees (Australia) Limited Retail Accumulation Nationwide Superannuation Fund NSF Nominees Pty. Limited Retail Accumulation Netwealth Superannuation Master Fund Netwealth Investments Limited Retail Accumulation , Symetry Personal Retirement Fund Avanteos Investments Limited Retail Accumulation , IOOF Portfolio Service Superannuation Fund IOOF Investment Management Limited Retail Hybrid 6.9 1, , Macquarie ADF Superannuation Fund Macquarie Investment Management Ltd Retail Accumulation Professional Associations Superannuation Fund Professional Associations Superannuation Limited Industry Accumulation , First Quest Retirement Service N. M. Superannuation Proprietary Limited Retail Accumulation Suncorp Master Trust Suncorp Portfolio Services Limited Retail Accumulation , Prime Superannuation Fund Prime Super Pty Ltd Industry Accumulation , SMF Eligible Rollover Fund Questor Financial Services Limited Retail - ERF Accumulation Australian Prudential Regulation Authority 17

18 Table 1b: Nine-year fund-level rates of return a Rank Fund name Fund trustee ABN Fund type Benefit structure Proportion of total assets in default strategy investment options Five-year per annum ROR Nine-year per annum ROR Premiumchoice Retirement Service Nulis Nominees (Australia) Limited Retail Accumulation , Smartsave 'Member's Choice' Superannuation Master Plan Tidswell Financial Services Ltd Retail Accumulation National Preservation Trust N. M. Superannuation Proprietary Limited Retail - ERF Accumulation Oasis Superannuation Master Trust Oasis Fund Management Limited Retail Accumulation , Australian Christian Superannuation Fund Australian Christian Superannuation Pty Ltd Corporate Accumulation Bookmakers Superannuation Fund Equity Trustees Limited Industry Accumulation Lifefocus Superannuation Fund CCSL Limited Retail Accumulation a Not all funds have nine years of data therefore not all of the largest 200 funds appear above Australian Prudential Regulation Authority 18

19 Table 2: Fund-level rates of return - Eligible rollover funds (ERFs) Fund name Fund trustee Inward rollovers Outward rollovers One-year ROR Five-year per annum ROR Nine-year per annum ROR Advance Retirement Savings Account ASGARD Capital Management Ltd AMP Eligible Rollover Fund AMP Superannuation Limited , Aon Eligible Rollover Fund Aon Superannuation Pty Limited Australia's Unclaimed Super Fund Industry Funds Investments Ltd , Australian Eligible Rollover Fund Perpetual Superannuation Limited National Preservation Trust N. M. Superannuation Proprietary Limited Plan B Eligible Rollover Fund Plan B Trustees Limited Public Eligible Rollover Fund Equity Trustees Superannuation Limited SMF Eligible Rollover Fund Questor Financial Services Limited Super Eligible Rollover Fund The Trust Company (Superannuation) Limited Super Safeguard Fund The Trust Company (Superannuation) Limited SuperTrace Eligible Rollover Fund Colonial Mutual Superannuation Pty. Ltd , , Synergy Secure Fund The Trust Company (Superannuation) Limited The ISPF Eligible Rollover Fund The Trust Company (Superannuation) Limited The Super Money Eligible Rollover Fund (SMERF) CCSL Limited All of the above ERFs have a 30 June year-end Australian Prudential Regulation Authority 19

20 Superannuation fund structures and whole-of-fund ROR Whole-of-fund ROR gauges the relative performance of trustees at generating long-term returns for fund retirement benefits. Prudently maximising long-term returns assists superannuation trustees to meet their obligations under the Superannuation Industry (Supervision) Act 1993 (SIS Act). Under the SIS Act: a key purpose of a superannuation fund is to provide retirement benefits to ; trustees must formulate and give effect to an investment strategy that has regard to the whole of the circumstances of the entity; and trustees' duties and powers are to be performed and exercised in the best interests of beneficiaries. Superannuation trustees choose a structure for their fund ranging from a simple structure (e.g. few investment options) to more complex structures (e.g. many products with hundreds of investment options with varying investment objectives and risk profiles). The obligations of a superannuation trustee are the same regardless of the structure. Diagrams 1 and 2 (over the page) show examples of two different types of superannuation fund structures. Diagram 1 shows a superannuation fund with a trustee that offers three different investment options. Diagram 2 shows a superannuation fund with a trustee that offers a number of different products and many investment options. The ROR measures the combined earnings of a superannuation fund's assets across all its products and investment options. For invested in the default option in a simple fund structure, such as shown in diagram 1, with few investment options and a large number of assets invested in the default option, the ROR will be reasonably representative of earnings towards those ' retirement benefits. For a more complex superannuation fund, such as shown in diagram 2, with a large number of investment options, some will earn higher returns towards their retirement benefits than the whole-of-fund ROR and other will earn less. The trustee is responsible for the outcomes of the as a whole. The choice of a simple structure with a few options or a more complex structure with a large range of investment options is a strategic decision of the trustee. Consequently, it is useful for a trustee to monitor the performance of the structure and options as a whole (as well as the individual investment options and the cost of offering them) to ensure that the structure and options offered are appropriate for its. ROR is a useful measure to assess the relative performance of the structure and investment options of a superannuation fund as a whole. Australian Prudential Regulation Authority 20