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.
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
Percentage of five Crown funds
First State Super
Australian Ethical Investment Ltd
CARE Super Pty Ltd
Telstra Super Pty Ltd
Commonwealth Custodial Ser Ltd
Suncorp Life and Superannuation
Russell Investment Management
Mercer Superannuation (Australia) Limited
REST Industry Super
Australian Catholic Superannuation
ANZ Managed Investments
BUSSQ Building Super
Commonwealth Bank of Australia
Macquarie Investment Management
Perpetual Investment Management
OnePath Funds Management
Colonial First State
MLC Investments Limited
Zurich Financial Services
BT Financial Group
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