Netwealth Superannuation Master Fund — superannuation fund performance
Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge
Netwealth Superannuation Master Fund reported A$38.0bn of total assets for 111,891 member accounts (average balance A$335k) in APRA's fund-level statistics for the year to 30 June 2025, with a one-year rate of return of 9.0%.
| Total assets | A$38.0bn |
| Member accounts | 111,891 |
| Average member balance | A$335k |
| 1-year rate of return | 9.0% |
| 5-year rate of return (annualised) | 6.3% |
| 10-year rate of return (annualised) | 4.8% |
| Investment options offered | — |
What running the fund costs
For its reporting year ended 30 June 2025, Netwealth Superannuation Master 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$74.0m, equal to roughly 80.5% 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 | 0.1% |
| Administration and operating expenses | A$91.9m |
| Marketing spend | A$4.1m (about A$37 per member account) |
| Executive remuneration (expensed to the fund) | A$2.8m |
| Director remuneration | A$413k |
| Payments to related parties | A$74.0m |
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$24.2m in premiums and paid out A$18.5m 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) | — | — | A$14.4m | AIA Australia Limited, TAL Life Limited, Zurich Australia Limited |
| Total & permanent disability (TPD) | 94.3% | A$13.4m | A$6.3m | AIA Australia Limited, TAL Life Limited, Zurich Australia Limited |
| Income protection | 87.5% | A$5.1m | A$3.5m | AIA Australia Limited, TAL Life Limited, Zurich Australia Limited |
The gender gap in this fund
In Netwealth Superannuation Master Fund, women's average balance was 1.5% 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$234k |
| Average balance — male members | A$238k |
| Member accounts (female / male) | 36,149 / 44,471 |
Compare Netwealth Superannuation Master Fund with similar funds
The funds closest to Netwealth Superannuation Master 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 |
|---|---|---|---|---|
| equipsuper | A$38.2bn | 10.2% | 6.5% | Similar size |
| Brighter Super Fund | A$36.8bn | 10.3% | 6.6% | Similar size |
| Retirement Portfolio Service | A$39.9bn | 10.5% | 5.6% | Similar size |
| Local Authorities Superannuation Fund | A$31.0bn | 7.0% | 6.8% | Similar size |
| Public Sector Superannuation Accumulation Plan | A$30.7bn | 10.5% | 6.9% | Similar size |
| Telstra Superannuation Scheme | A$29.0bn | 9.1% | 6.2% | Similar size |
Questions this page answers
How big is Netwealth Superannuation Master Fund?
Netwealth Superannuation Master Fund held A$38.0bn in total assets for 111,891 member accounts in the APRA fund-level statistics for the year to 30 June 2025.
What return has Netwealth Superannuation Master Fund delivered?
Netwealth Superannuation Master Fund reported a 9.0% one-year rate of return, and 4.8% a year over the past ten years, at whole-of-fund level in the APRA fund-level statistics.
What does Netwealth Superannuation Master Fund charge in fees?
Netwealth Superannuation Master Fund reported an operating expense ratio of 0.3% and an investment expense ratio of 0.1% for its reporting year ended 30 June 2025 — the running cost per dollar of savings (APRA fund-level statistics).
Does Netwealth Superannuation Master Fund's insurance pay out?
In its latest reported year Netwealth Superannuation Master Fund's default cover collected A$24.2m in premiums and paid A$18.5m 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.