Australian Ethical Retail Superannuation Fund — superannuation fund performance
Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge
Australian Ethical Retail Superannuation Fund reported A$9.9bn of total assets for 122,040 member accounts (average balance A$78k) in APRA's fund-level statistics for the year to 30 June 2025, with a one-year rate of return of 10.7%.
| Total assets | A$9.9bn |
| Member accounts | 122,040 |
| Average member balance | A$78k |
| 1-year rate of return | 10.7% |
| 5-year rate of return (annualised) | 7.5% |
| 10-year rate of return (annualised) | 7.2% |
| Investment options offered | — |
What running the fund costs
For its reporting year ended 30 June 2025, Australian Ethical Retail Superannuation Fund ran on an operating expense ratio of 0.3% — the running cost per dollar of savings (0.5% is 50 cents per A$100 a year). Payments to related parties — companies connected to the fund's own trustee or owner group — came to A$63.7m, equal to roughly 164.0% of its administration bill (a related-party payment is disclosed, not improper — but it is worth knowing who the fund pays).
| Operating expense ratio | 0.3% |
| Investment expense ratio | 0.8% |
| Administration and operating expenses | A$38.8m |
| Marketing spend | A$109k (about A$1 per member account) |
| Executive remuneration (expensed to the fund) | A$1.3m |
| Director remuneration | A$222k |
| Payments to related parties | A$63.7m |
The annual performance test
Every year the regulator tests most super products against a benchmark portfolio — fail twice and the product must close to new members. As at 30 June 2025, 4 of this fund's products and options were tested, and every one of them passed:
| Product / option | Type | Test result | 10-yr return | Admin fee |
|---|---|---|---|---|
| Australian Ethical Retail Superannuation Fund MySuper | MySuper | Pass | 7.2% | 0.4% |
| Australian Ethical Retail Superannuation Fund Accumulation — High Growth (Accumulation) | Choice | Pass | 8.8% | 0.4% |
| Australian Ethical Retail Superannuation Fund Accumulation — Growth (Accumulation) | Choice | Pass | 7.9% | 0.4% |
| Australian Ethical Retail Superannuation Fund Accumulation — Conservative (Accumulation) | Choice | Pass | 3.5% | 0.4% |
Does the insurance pay out?
Most super accounts carry insurance, paid from your balance. The admittance rate is the share of finalised claims the insurer accepted in the year to 30 June 2025 — the single best number for "does this cover actually pay". Over the year it collected A$20.0m in premiums and paid out A$20.0m in claims (claims paid in a year often relate to earlier years' cover, so this is a cash-flow picture, not a loss ratio).
| Cover type | Claims accepted (1-yr) | Claims paid | Premiums collected | Insurer |
|---|---|---|---|---|
| Life insurance (death cover) | 98.3% | A$7.4m | A$8.4m | MetLife Insurance Limited |
| Total & permanent disability (TPD) | 98.1% | A$10.8m | A$8.0m | MetLife Insurance Limited |
| Income protection | 90.2% | A$1.8m | A$3.6m | MetLife Insurance Limited |
The gender gap in this fund
In Australian Ethical Retail Superannuation Fund, women's average balance was 17.0% lower than men's — from the fund-level member demographics APRA last published for the year to 30 June 2022:
| Average balance — female members | A$55k |
| Average balance — male members | A$66k |
| Member accounts (female / male) | 39,761 / 31,257 |
Compare Australian Ethical Retail Superannuation Fund with similar funds
The funds closest to Australian Ethical Retail Superannuation Fund in size, side by side — each with its own page for the fees, insurance and performance-test detail:
| Fund | Assets | 1-yr return | 10-yr return | Why comparable |
|---|---|---|---|---|
| Smart Future Trust | A$9.7bn | 8.8% | 7.2% | Similar size |
| Prime Super | A$8.5bn | 10.4% | 6.6% | Similar size |
| OneSuper | A$7.6bn | 7.6% | 5.5% | Similar size |
| ANZ Australian Staff Superannuation Scheme | A$7.5bn | 12.2% | 7.0% | Similar size |
| Building Unions Superannuation Scheme (Queensland) | A$7.5bn | 10.0% | 6.8% | Similar size |
| Russell Investments Master Trust | A$12.3bn | 10.2% | 6.4% | Similar size |
Questions this page answers
How big is Australian Ethical Retail Superannuation Fund?
Australian Ethical Retail Superannuation Fund held A$9.9bn in total assets for 122,040 member accounts in the APRA fund-level statistics for the year to 30 June 2025.
What return has Australian Ethical Retail Superannuation Fund delivered?
Australian Ethical Retail Superannuation Fund reported a 10.7% one-year rate of return, and 7.2% a year over the past ten years, at whole-of-fund level in the APRA fund-level statistics.
What does Australian Ethical Retail Superannuation Fund charge in fees?
Australian Ethical Retail Superannuation Fund reported an operating expense ratio of 0.3% and an investment expense ratio of 0.8% for its reporting year ended 30 June 2025 — the running cost per dollar of savings (APRA fund-level statistics).
Did Australian Ethical Retail Superannuation Fund's products pass the performance test?
4 of Australian Ethical Retail Superannuation Fund's products and options were tested against the regulator's annual performance test as at 30 June 2025, and every one passed.
Does Australian Ethical Retail Superannuation Fund's insurance pay out?
In its latest reported year Australian Ethical Retail Superannuation Fund's default cover collected A$20.0m in premiums and paid A$20.0m in claims, per the APRA fund-level statistics.
See also: Australian super in numbers — marketing spend, expenses, the gender gap and two decades of consolidation across all APRA-regulated funds · all tracked plans.