Welcome to the 2017 Fat Cat Funds Report
Stockspot's Fat Cat Funds Report is the largest analysis of Australian superannuation and managed funds. This is the 5th year we've produced the report and this year we've looked at a record 4,000 funds to assess how they have performed.
We believe it's important for Australians to be getting the right advice about super. After all, we spend more as a nation each year on superannuation fees than we do on Christmas!
Key findings
When comparing funds within an investment category (e.g. Australian shares, balanced, growth), we found that fees explain the majority of differences between their performance. Some fund managers can do better than others over short periods of time, but our analysis found that less than 1 in 25 were able to consistently beat their peers by a noticeable margin over 5 years. Consumers would benefit greatly if they simply looked for an super investment mix consistent with their timeframe to retirement and the lowest possible fees.
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.
We find that if you are in a fund charging more than 1.5% per year, it is at high risk of becoming a Fat Cat Fund.
How does my fund shape up?
We have only compared funds that have existed for at least 5 years and have made data available on performance and fees.
Select your fund type:
Choose your superannuation fund:
Choose the issuer:
Select your investment option:
Select your fund name:
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 year | 3 years | 5 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 funds
Average fees
Total fees
Fees 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'] ]]
Name
5 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 funds
Average fees
Total fees
Fees 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'] ]]
Name
5 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:
| Number of funds | Average fees | Total fees | Fees 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'] ]] |
| Name | 5 year return vs peers |
|---|---|
| [[ fitCatFund.fund_name ]] | [[ fitCatFund.performance ]] |
| Unfortunately, we didn't find any Fit Cat Funds in this category! |
| Number of funds | Average fees | Total fees | Fees 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'] ]] |
| Name | 5 year return vs peers |
|---|---|
| [[ fatCatFund.fund_name ]] | [[ fatCatFund.performance ]] |
| Bravo, we didn't find any Fat Cat Funds in this category! |
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 Australia's leading digital investment adviser and fund manager.
We were founded in 2013 with a mission to help more Australians access expert investment advice and portfolio management. We want to do away with the high fees, confusing jargon, endless paperwork and lack of transparency that gives the wealth management industry a bad reputation.
Today, we're the largest and fastest growing digital investment advice (robo-advice) service in Australia.
We're helping thousands of Australians grow their savings the smart way with our low-fee transparent investment service.
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