Aware Super — superannuation fund performance
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Aware Super reported A$207.8bn of total assets for 1,242,079 member accounts (average balance A$160k) in APRA's fund-level statistics for the year to 30 June 2025, with a one-year rate of return of 10.5%.
| Total assets | A$207.8bn |
| Member accounts | 1,242,079 |
| Average member balance | A$160k |
| 1-year rate of return | 10.5% |
| 5-year rate of return (annualised) | 7.8% |
| 10-year rate of return (annualised) | 6.8% |
| Investment options offered | — |
What running the fund costs
For its reporting year ended 30 June 2025, Aware Super ran on an operating expense ratio of 0.2% — 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$294.0m, equal to roughly 82.9% of its administration bill (a related-party payment is disclosed, not improper — but it is worth knowing who the fund pays).
| Operating expense ratio | 0.2% |
| Investment expense ratio | 0.3% |
| Administration and operating expenses | A$354.7m |
| Marketing spend | A$72.8m (about A$59 per member account) |
| Executive remuneration (expensed to the fund) | A$7.7m |
| Director remuneration | A$1.5m |
| Payments to related parties | A$294.0m |
| Payments to industrial bodies | A$280k |
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, 11 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 |
|---|---|---|---|---|
| Aware MySuper (Accumulation) | MySuper | Pass | — | 0.3% |
| Aware Super Future Saver — Accumulation High Growth | Choice | Pass | 8.8% | 0.3% |
| Aware Super Future Saver — Accumulation Balanced | Choice | Pass | 7.6% | 0.3% |
| Aware Super Future Saver — Accumulation Conservative Balanced | Choice | Pass | 6.2% | 0.3% |
| Aware Super Future Saver — Accumulation Defensive | Choice | Pass | 4.0% | 0.3% |
| Aware Super Future Saver — Accumulation Balanced Socially Conscious | Choice | Pass | 7.8% | 0.3% |
| Aware Super Future Saver — Accumulation Conservative | Choice | Pass | 5.1% | 0.3% |
| Aware Super Future Saver — Accumulation High Growth Indexed | Choice | Pass* | — | 0.3% |
| Aware Super Future Saver — Accumulation High Growth Socially Conscious | Choice | Pass* | — | 0.3% |
| Aware Super Future Saver — Accumulation Balanced Indexed | Choice | Pass* | — | 0.3% |
| Aware Super Future Saver — Accumulation Bonds | Choice | Pass* | — | 0.3% |
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$297.0m in premiums and paid out A$804.2m 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) | 99.9% | A$86.6m | A$82.0m | TAL Life Limited |
| Total & permanent disability (TPD) | 95.2% | A$499.6m | A$153.9m | TAL Life Limited |
| Income protection | 96.7% | A$218.0m | A$61.1m | TAL Life Limited |
The gender gap in this fund
In Aware Super, women's average balance was 16.4% 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$118k |
| Average balance — male members | A$141k |
| Member accounts (female / male) | 740,973 / 410,401 |
Compare Aware Super with similar funds
The funds closest to Aware Super 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 |
|---|---|---|---|---|
| Unisuper | A$162.3bn | 10.8% | 7.4% | Similar size |
| HOSTPLUS Superannuation Fund | A$139.8bn | 11.0% | 7.9% | Similar size |
| Public Sector Superannuation Scheme | A$123.8bn | 2.1% | 2.4% | Similar size |
| Colonial First State FirstChoice Superannuation Trust | A$107.6bn | 10.6% | 5.8% | Similar size |
| Construction and Building Unions Superannuation Fund | A$107.0bn | 10.0% | 7.4% | Similar size |
| Retail Employees Superannuation Trust | A$101.6bn | 9.7% | 6.4% | Similar size |
Questions this page answers
How big is Aware Super?
Aware Super held A$207.8bn in total assets for 1,242,079 member accounts in the APRA fund-level statistics for the year to 30 June 2025.
What return has Aware Super delivered?
Aware Super reported a 10.5% one-year rate of return, and 6.8% a year over the past ten years, at whole-of-fund level in the APRA fund-level statistics.
What does Aware Super charge in fees?
Aware Super reported an operating expense ratio of 0.2% and an investment expense ratio of 0.3% for its reporting year ended 30 June 2025 — the running cost per dollar of savings (APRA fund-level statistics).
Did Aware Super's products pass the performance test?
11 of Aware Super's products and options were tested against the regulator's annual performance test as at 30 June 2025, and every one passed.
Does Aware Super's insurance pay out?
In its latest reported year Aware Super's default cover collected A$297.0m in premiums and paid A$804.2m 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.