What investments can I choose with Superhero Super?
Superhero Super offers a wide range of investment options across Diversified, Single Sector, Thematic and Direct Investments. Our Diversified and Single Sector options are managed by global investment leader Mercer. Our thematic investments are managed by global ETF providers including Betashares and iShares, and our Direct Investments include individual shares in the S&P/ASX300 Index and a range of over 200 ETFs, LICs and Hybrids.
The full list of investments can be found in the Additional Information Guide for Diversified, Single Sector and Thematic investment options and in the Direct Investment Menu for Direct Investments.
What is the difference between Diversified, Single Sector and Thematic Investments?
Diversified, Single Sector and Thematic investments provide a various range of investment strategies and investment exposures for members.
Diversified: our Diversified Investment Options include High Growth, Growth, Moderate and Conservative. These investment options invest in a mixture of growth and defensive assets across most asset classes, including Australian and international shares, property, fixed interest and cash.
Single Sector: our Single Sector Investment Options include Australian Shares, International Shares, Diversified Shares, Australian Listed Property, Australian Fixed Interest, International Fixed Interest (hedged) and Cash. These investment options are focused on a single asset class for members who wish to have a higher allocation to specific asset classes.
Thematic: our Thematic Investment Options include a range of ETFs targeted towards a particular investment theme. These options include U.S. Tech Giants, Asia Tech Tigers, Global Healthcare, Aussie Sustainability Leaders, Global Sustainability Leaders (unhedged), Global Sustainability Leaders (hedged) and Gold.
Which shares and ETFs can I invest in with Superhero Super?
Superhero Super offers members the flexibility to invest in a range of Direct Investments including individual shares in the ASX300 and a range of over 200 ETFs, LICs and Hybrid securities.
The full list of Direct Investments available with Superhero Super are listed in our Direct Investment Menu, including the maximum limits for each individual investment.
How do I invest in ASX shares and ETFs with Superhero Super?
Our Direct Investments option allows you to invest up to 75% of your balance in direct shares listed in the S&P/ASX300 Index, as well as a range of ETFs, LICs and Hybrids alongside the Diversified, Single Sector and Thematic investment options.
As a member of Superhero Super investing in the Direct Investments option, you have access to:
- Live market data
- Market, limit, recurring and stop loss order types
- Company news
- Brokerage from $2 (greater of A$2 or 0.10% of brokerage fee per trade)
For full details of the Direct Investments available with Superhero in addition to the applicable fees and costs, please read the Direct Investment Guide and Direct Investment Menu.
How many investments can I choose with Superhero Super?
You are able to select any number of investment options with Superhero Super, with a minimum of one of either our Diversified or Single Sector investment options.
Superhero Super has a range of investment limits which can be found in the Additional Information Guide. To summarise these limits:
- All members must allocate a minimum of 25% of their balance to an investment from the Diversified or Single Sector investment options
- Members can allocate a maximum of 50% of their balance across Thematic investment options, with a maximum of 20% in one Thematic investment option
- Members can allocate a maximum of 75% of their balance to Direct Investments, with the maximum limit for each individual investment ranging from 10% – 50% as listed in the Direct Investment Menu.
Which investment option should I choose?
There are three key factors you should consider when you choose an investment option for your super:
- How long you’re investing for (in other words, how far you are from retirement).
- Whether you’d like to actively manage your investment options or let the professionals handle it.
- How comfortable you are with risk and balancing risk with potential returns.
Members who don’t want to actively manage their investments may want to look at our Diversified Investment Options, while those who want to take a higher degree of control over their super portfolio may wish to invest in Direct Investments, which include shares listed in the S&P/ASX300 index, as well as a range of ETFs, LICs and Hybrids.
Can I invest in shares that aren’t currently listed on Superhero Super?
You are only able to invest in shares that are listed on the Superhero Super Member Portal. Please note, these may change from time to time.
All available Direct Investments (which includes ASX 300 shares and a select range of ETFs, LICs and Hybrids) are listed in our Direct Investment Menu.
Do I earn interest on cash held in my Superhero Cash Account?
Any funds held in cash in your Superhero Cash Account are held by a custodian (or sub-custodian) in an account/s with an authorised deposit-taking institution (ADI). Any interest earned will be added to your Superhero Cash Account.
How do I switch to another investment option?
There are four different ways you can change your investment options for Superhero Super.
Change your contribution and/or rollover allocations
If you would like to change how your balance is allocated across investment options, including adding or removing an allocation to a particular investment option, you are able to do so via the Investments tab in your Superhero Super account. If you would like to add Direct Investments you can also do so here.
Rebalance existing holdings
If you would like to match your existing holding percentages to your most recent allocation settings, you can rebalance your existing holdings to these percentages. Keep in mind that there may be fees incurred as a result of changing your investments.
Switch investment options
If you do not want to change your allocations but wish to move an existing holding from one investment option to another, you can do this by using the ‘switch’ option from the Investments tab of your Superhero Super account.
Buy/sell Direct Investments
If you have allocated a portion of your balance to Direct Investments, you will receive any new funds allocated to your balance as cash for you to then invest. Direct Investments can be bought and sold during the hours that the Australian Securities Exchange is open.
How much does it cost to transfer between investment options?
The fees for changing your investment options depends on which investment options you are moving from/to.
Transaction costs for Diversified and Single Sector options differ depending on the investment option, details can be found in the Additional Information Guide.
Each transaction in the Thematic investment options category will incur brokerage costs of 0.11% of the transaction value.
Each transaction in the Direct Investments category will incur brokerage of the greater of A$2 or 0.10% of brokerage fee per trade
Am I able to cancel my investment changes because I’ve changed my mind?
Investment Allocation Changes
Changes to your investment allocations can be changed at any time. If you change your investment option allocations and wish to undo the change you can simply change the allocations back to what they previously were. Assuming you have not received a rollover or contribution before reversing the changes, your funds will be allocated as they were prior to the change.
If you wish to change your allocations back to a previous allocation after receiving another rollover or contribution, you can change your allocations for future contributions and then use the rebalance or switch function to change your existing holdings to match your new allocations or another holding allocation.
Investment Switches
Investment switches can be ‘cancelled’ provided the switch has not already completed. To cancel a pending switch:
- Select the Dashboard section under the ‘Pending’ Tab.
- Click on ‘Review’.
- Select cancel transfer.
Direct Investments
Investment changes can be ‘cancelled’ provided the trade has not already completed. To cancel a pending trade:
- Select the Dashboard section under the ‘Pending’ Tab.
- Click on ‘Review’.
- Select cancel transfer.
How often can I switch my Managed Investment Options?
There are no limits to the number of times you can switch your investment options.
Note: You will not be able to switch managed investment options if there is an outstanding transfer in the ‘Pending’ Tab.
What is the default investment option when rolling over into Superhero Super?
If you choose to sign up to Superhero Super, you will be required to select at least one of our Diversified or Single Sector investment options when setting up your account. These investment options can be found here.
If your employer sets up an account for you via Superhero Super’s employer default option, 100% of your balance will be invested into the MySuper Growth Option. You can change your investments by logging into your Superhero Super account. Please note that different investment and transaction fees may apply.
Can my funds be allocated across multiple investment options?
You are able to select as many investment options as you wish, with a minimum of 25% of your balance being allocated to a Diversified or Single Sector investment option.
What fees and costs are associated with each investment option?
The applicable fees and costs for each investment option can be found in the Superhero Super Additional Information Guide.
Do I have to choose multiple investment options?
No, you can select just one investment option if you like! However, this will need to be one of either our Diversified or Single Sector investment options**
You can also select multiple investment options, as long as you have a minimum of 25% of your balance allocated across the Diversified or Single Sector investment option/s. If you choose the Direct Investments option, your balance will first be allocated to your Superhero Cash Account as cash, which you can then invest in Direct Investments.
Why can’t I invest more in each investment?
The Trustee is required to act in members’ best interests and has therefore set limits on the amount you can invest in individual investments.
Superhero Super has a range of investment limits which can be found in the Additional Information Guide. To summarise these limits:
- All members must allocate a minimum of 25% of their balance to an investment from the Diversified or Single Sector investment options.
- Members can allocate a maximum of 50% of their balance across Thematic investment options, with a maximum of 20% in one Thematic investment option.
Members can allocate a maximum of 75% of their balance to Direct Investments, with the maximum limit for each individual investment ranging from 10% – 30% as listed in the Direct Investment Menu.
What order types are available with Direct Investments?
Superhero Super offers members a range of different order types for buying and selling Direct Investments.
Market Order
A Market Order is an order to buy or sell at the market price.
For a buy order, the order will be placed at the price set by the lowest seller in the market at the time the order is placed.
If for any reason your order does not trade immediately, the price of your order will be continually updated (increased) in increments until the order trades, in full.
If the market order is a sell order, the order will be placed at the price set by the highest buyer in the market at the time the order is placed. If for any reason your order does not trade immediately, the price of your order will be continually updated (decreased) in increments until the order trades, in full.
Limit Order
A Limit Order is an order to buy or sell a certain number of shares for a specified price (or better).
Limit Orders expire 30 days after you place the order.
Stop Loss Order
A stop loss order is an order to commence selling a stock once the share price reaches a specified price, known as the ‘stop’ or ‘trigger’ price.
When the ‘stop’ or ‘trigger’ price is reached, a stop loss order becomes a market to limit sell order. For market to limit sell orders, an order will be placed at the price set by the highest buyer in the market at the time the order is placed and remains at that price until the order trades, or expires.
Stop loss orders are most commonly used by investors to assist in limiting downside risk.
Recurring Order
Recurring orders allow you to schedule automatic buy order(s) on a regular schedule. When you set up a recurring order, you can select the start date of the order as well as the frequency (every market day, weekly, fortnightly or monthly).
Once you have selected the order schedule, select the amount you wish to invest each time and confirm. If you do not have enough funds available to invest we will try to place the order again the next day.
Recurring Orders are placed as a Market Order based on the frequency you choose.
Will I receive dividends for my Direct Investments?
If you invest in Direct Investments that pay a dividend, you will receive these dividends as cash in your Superhero Cash Account . You will then be able to use these funds to invest.