Praemium SMA 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
Praemium SMA Superannuation Fund reported A$5.2bn of total assets for 15,502 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 8.7%.
| Total assets | A$5.2bn |
| Member accounts | 15,502 |
| Average member balance | A$335k |
| 1-year rate of return | 8.7% |
| 5-year rate of return (annualised) | 5.9% |
| 10-year rate of return (annualised) | 4.5% |
| Investment options offered | — |
What running the fund costs
For its reporting year ended 30 June 2025, Praemium SMA Superannuation Fund ran on an operating expense ratio of 0.1% — 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$789k, equal to roughly 5.6% of its administration bill (a related-party payment is disclosed, not improper — but it is worth knowing who the fund pays).
| Operating expense ratio | 0.1% |
| Investment expense ratio | 0.5% |
| Administration and operating expenses | A$14.1m |
| Marketing spend | A$248k (about A$16 per member account) |
| Executive remuneration (expensed to the fund) | A$352k |
| Director remuneration | A$62k |
| Payments to related parties | A$789k |
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".
| Cover type | Claims accepted (1-yr) | Claims paid | Premiums collected | Insurer |
|---|---|---|---|---|
| Total & permanent disability (TPD) | 100.0% | — | — | — |
| Income protection | — | — | — | — |
The gender gap in this fund
In Praemium SMA Superannuation Fund, women's average balance was 1.6% higher than men's — from the fund-level member demographics APRA last published for the year to 30 June 2022:
| Average balance — female members | A$237k |
| Average balance — male members | A$234k |
| Member accounts (female / male) | 5,717 / 7,085 |
Compare Praemium SMA Superannuation Fund with similar funds
The funds closest to Praemium SMA 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 |
|---|---|---|---|---|
| First Super | A$5.3bn | 8.7% | 7.1% | Similar size |
| National Mutual Retirement Fund | A$5.7bn | 8.2% | 5.7% | Similar size |
| Centric Super Fund | A$4.1bn | 9.1% | — | Similar size |
| Guild Retirement Fund | A$4.0bn | 10.8% | 7.1% | Similar size |
| Essential Super | A$6.6bn | 12.1% | 6.5% | Similar size |
| Australian Meat Industry Superannuation Trust | A$3.5bn | 7.4% | 6.7% | Similar size |
Questions this page answers
How big is Praemium SMA Superannuation Fund?
Praemium SMA Superannuation Fund held A$5.2bn in total assets for 15,502 member accounts in the APRA fund-level statistics for the year to 30 June 2025.
What return has Praemium SMA Superannuation Fund delivered?
Praemium SMA Superannuation Fund reported a 8.7% one-year rate of return, and 4.5% a year over the past ten years, at whole-of-fund level in the APRA fund-level statistics.
What does Praemium SMA Superannuation Fund charge in fees?
Praemium SMA Superannuation Fund reported an operating expense ratio of 0.1% and an investment expense ratio of 0.5% for its reporting year ended 30 June 2025 — the running cost per dollar of savings (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.