Smart Future Trust — superannuation fund performance
Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge
Smart Future Trust reported A$9.7bn of total assets for 225,757 member accounts (average balance A$42k) in APRA's fund-level statistics for the year to 30 June 2025, with a one-year rate of return of 8.8%.
| Total assets | A$9.7bn |
| Member accounts | 225,757 |
| Average member balance | A$42k |
| 1-year rate of return | 8.8% |
| 5-year rate of return (annualised) | 8.3% |
| 10-year rate of return (annualised) | 7.2% |
| Investment options offered | — |
What running the fund costs
For its reporting year ended 30 June 2025, Smart Future Trust ran on an operating expense ratio of 0.7% — 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$9.7m, equal to roughly 17.6% of its administration bill (a related-party payment is disclosed, not improper — but it is worth knowing who the fund pays).
| Operating expense ratio | 0.7% |
| Investment expense ratio | 0.1% |
| Administration and operating expenses | A$55.3m |
| Marketing spend | A$969k (about A$4 per member account) |
| Executive remuneration (expensed to the fund) | A$312k |
| Director remuneration | A$348k |
| Payments to related parties | A$9.7m |
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, 6 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 |
|---|---|---|---|---|
| smartMonday PRIME - MySuper | MySuper | Pass | — | 0.5% |
| smartMonday PRIME - Choice — smartMonday Balanced Growth | Choice | Pass | 7.0% | 0.5% |
| smartMonday PRIME - Choice — smartMonday High Growth | Choice | Pass | 9.2% | 0.5% |
| smartMonday PRIME - Choice — smartMonday Growth | Choice | Pass | 8.1% | 0.5% |
| smartMonday PRIME - Choice — smartMonday Moderate | Choice | Pass | 3.9% | 0.5% |
| smartMonday PRIME - Choice — smartMonday Defensive | Choice | Pass | 2.3% | 0.5% |
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$41.5m in premiums and paid out A$211.4m 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) | 98.7% | A$104.6m | A$18.8m | AIA Australia Limited, MetLife Insurance Limited, Zurich Australia Limited |
| Total & permanent disability (TPD) | 75.0% | A$78.6m | A$18.7m | AIA Australia Limited, MetLife Insurance Limited, Zurich Australia Limited |
| Income protection | 88.4% | A$28.2m | A$3.9m | AIA Australia Limited, Zurich Australia Limited |
The gender gap in this fund
In Smart Future Trust, women's average balance was 16.3% 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$21k |
| Average balance — male members | A$25k |
| Member accounts (female / male) | 85,939 / 129,931 |
Compare Smart Future Trust with similar funds
The funds closest to Smart Future Trust 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 |
|---|---|---|---|---|
| Australian Ethical Retail Superannuation Fund | A$9.9bn | 10.7% | 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 |
| legalsuper | A$7.1bn | 13.1% | 7.2% | Similar size |
Questions this page answers
How big is Smart Future Trust?
Smart Future Trust held A$9.7bn in total assets for 225,757 member accounts in the APRA fund-level statistics for the year to 30 June 2025.
What return has Smart Future Trust delivered?
Smart Future Trust reported a 8.8% 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 Smart Future Trust charge in fees?
Smart Future Trust reported an operating expense ratio of 0.7% 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).
Did Smart Future Trust's products pass the performance test?
6 of Smart Future Trust's products and options were tested against the regulator's annual performance test as at 30 June 2025, and every one passed.
Does Smart Future Trust's insurance pay out?
In its latest reported year Smart Future Trust's default cover collected A$41.5m in premiums and paid A$211.4m 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.