Welcome to the 2016 Fat Cat Funds Report

Australians are charged over $23 billion in fees each year by their super and managed funds. It's a lot of money! Problem is most people don't know if their fees are well spent or wasted. That's why Stockspot has been campaigning since 2013 to raise awareness of poor fund performance. We shine a spotlight on the super and managed funds that are under-delivering for customers and celebrate the funds doing a good job.

Key findings

Number of funds analysed
3,820
Total funds analysed
$587 billion
Number of fat cat funds
638
Money managed by fat cat funds
$59.4 billion
Fees paid to fat cat funds each year
$777,766,701
Average fees charged by fat cat funds
2.04%

How we identify Fat Cat Funds

Stockspot's Fat Cat Fund ratings are based solely on statistical criteria relating to a fund's past performance vs their peer group.

We analysed Australian domiciled funds with available data on performance and fees.

Fat Cat Funds warrant special attention because they have consistently underperformed their peers over a period of 5 years.

How does my fund shape up?

Select your fund type:

Choose your superannuation fund:

Choose the issuer:

Select your investment option:

Select your fund name:

Can't find your fund? Can't find your fund?

Fund details

Issuer[[ fund.issuer ]]
Fund name[[ fund.fund_name ]]
Category[[ fund.category ]]
Sub-category[[ fund.sub_category ]]
APIR code[[ fund.apir_code ]]

Did the fund outperform its category?

1 year3 years5 years
1 year
3 year
5 year
Total 5 year performance vs its peers
Below average Average Above average

Overall rating

Invite your friends to compare their fund:

Stockspot's Fat Cat Fund ratings are based solely on statistical criteria relating to a fund's past performance. We have only considered Australian domiciled superannuation funds and managed funds that have existed for at least 5 years and have made data available on performance and fees. We have categorised funds using their underlying asset allocation, with the grouping of mixed asset funds based on the how much of the fund's portfolio is invested in growth assets (shares and property). Full details of the methodology used and fund categorisation can be found in the report.

Select a category

Overall

Number of funds
[[ category['Count of fees'] ]]
Average fees per annum
[[ category['Average fees'] ]]
Number of Fit Cat Funds
[[ category['Sum of Fit'] ]]
Number of Fat Cat Funds
[[ category['Sum of Fat'] ]]
Total annual fees
[[ category['Total fees'] ]]

Fit Cat Funds

Number of fundsAverage feesTotal feesFees as % of 5 year return
[[ category['Sum of Fit'] ]][[ category['Fit Cat Average fees'] ]][[ category['Fit Cat Total fees'] ]][[ category['Fit Cat Fees as % of 5 year returns'] ]]
Number of funds[[ category['Sum of Fit'] ]]
Average fees[[ category['Fit Cat Average fees'] ]]
Total fees[[ category['Fit Cat Total fees'] ]]
Fees as % of 5 year return[[ category['Fit Cat Fees as % of 5 year returns'] ]]
Fit Cat
Name5 year return vs peers
[[ fitCatFund.fund_name ]][[ fitCatFund.performance ]]
Unfortunately, we didn't find any Fit Cat Funds in this category!

Fat Cat Funds

Number of fundsAverage feesTotal feesFees as % of 5 year return
[[ category['Sum of Fat'] ]][[ category['Fat Cat Average fees'] ]][[ category['Fat Cat Total fees'] ]][[ category['Fat Cat Fees as % of 5 year returns'] ]]
Number of funds[[ category['Sum of Fat'] ]]
Average fees[[ category['Fat Cat Average fees'] ]]
Total fees[[ category['Fat Cat Total fees'] ]]
Fees as % of 5 year return[[ category['Fat Cat Fees as % of 5 year returns'] ]]
Fat Cat
Name5 year return vs peers
[[ fatCatFund.fund_name ]][[ fatCatFund.performance ]]
Bravo, we didn't find any Fat Cat Funds in this category!

Invite your friends to compare their fund:

Stockspot's Fat Cat Fund ratings are based solely on statistical criteria relating to a fund's past performance. We have only considered Australian domiciled superannuation funds and managed funds that have existed for at least 5 years and have made data available on performance and fees. We have categorised funds using their underlying asset allocation, with the grouping of mixed asset funds based on the how much of the fund's portfolio is invested in growth assets (shares and property). Full details of the methodology used and fund categorisation can be found in the report.

Download the report

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About Stockspot

Stockspot is taking on the world of high fees and ​outdated investment products. We build and manage personalised portfolios for our clients to take the hassles out of investing.

We're helping Australians manage their money smarter with our transparent, low fee, online investment service.

Note: References may rely on third parties which Stockspot Pty Ltd – Corporate Representative (No. 453421) of Sanlam Private Wealth (AFS License No. 337927) have not control or accepts no responsibility. Whilst all the information and statements have been prepared with all reasonable care, no responsibility or liability is accepted by any member of Stockspot for any errors or omissions or misstatements however caused or arising. Any opinions, forecasts or recommendations reflect the judgement and assumptions of Stockspot and its representatives on the basis of information as at the date of website and may later change without notice. This website is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. This information contains unsolicited general information only, without regard to any investor's individual objectives, financial situation or needs. It is not specific advice for any particular investor. Before making any decision about the information provided, you must consider the appropriateness of the information in this website, having regard to your objectives, financial situation and needs. Investment in financial products involves risk. Past performance of financial products is no assurance of future performance.