If you’re a Defined Benefit member with Energy Super, contributions made by you and your employer to fund your Defined Benefit are invested in the Defined Benefit investment pool. The amount credited to your account is the Three Year Average crediting rate shown below.
Please note:
- Our Defined Benefit account is closed to new members
- If you’re a Defined Benefit member and make additional member contributions or rollovers, these funds will be invested in the Defined Contribution investment option that applies to you see investment options.
Objectives
Provide similar investment returns as the Balanced option
- Investment time horizon — five or more years
- Achieve returns (after tax and other costs) over rolling ten year periods 3% above "CPI3", and
- Chance of a negative return — over 20 year period is 3.9.
Please note: the returns objective is an estimate only, it is not guaranteed.
Performance
12 months ending 30 June:
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net effective return1 (%) | -1.85 | 5.33 | 8.98 | 11.85 | 4.66 | 9.70 | 13.33 | 14.90 | 0.46 | 9.10 | 9.07 | -12.58 |
| Compound average return (%) | 4.05 | 8.69 | 8.45 | 8.69 | 9.17 | 12.62 | 9.36 | 7.98 | 6.13 | 1.33 | -3.32 | -1.57 |
| CPI2 (%) | n/a | 1.6 | 2.1 | 1.9 | 1.02 | 1.5 | 3.0 | 2.4 | 1.2 | 3.5 | 3.1 | 1.4 |
| Over five years | Over ten years | |
|---|---|---|
| Rolling net effective return1 (% p.a.) | 5.68 | 7.51 |
| Compound average return (% p.a.) | 7.79 | 7.60 |
Investments can go up and down. Past performance is not necessarily indicative of future performance.
1 Net effective earning rates are after tax and investment charges and are to 30 June 2020 (unless otherwise specified).
2 CPI is measured by the All Groups Consumer Price Index For Australia. CPI as at 30 June 2020 is not yet available.
Long term asset allocation
The Defined Benefit Investment Pool is invested in the same way and in the same pool as the Balanced option.
How is the DB unit price calculated?
The Defined Benefit (DB) investment pool unit price, the Three Year Average is calculated by averaging the net effective earning rates for the last three years (subject to any adjustments Energy Super considers appropriate having regard to the financial position of the pool). The unit pricing policy may be changed from time-to-time.