In this guide
In this article you can discover the top 5 performing All Growth super funds over 1 year and, more importantly, 10 years. We recommend that you also read our explanatory article on the five main risk categories to help you compare the different risk categories that super investment options fall into.
What is an All Growth investment option?
Investment options with a 96–100% allocation to growth assets are termed All Growth by Chant West, a research company that has been analysing super fund performance for more than 20 years.
All Growth investment options may appeal to people who want to substantially grow their super over the long term but are comfortable with the risk of major fluctuations and a negative return every so often. They are generally most appropriate for people who have at least seven years or more to invest and can use the power of time to ride out any volatility.
How does an All Growth investment option behave?
In the short term, investment options in the All Growth risk category will generally be the most volatile of all risk categories. This means its capacity for high returns is generally more than all other risk categories, but it also means its capacity for downturns and more extreme negatives is more likely.
In the long term, an All Growth investment option will generally have the capacity to grow more over longer periods than investment options in any other risk category.
Playing the long game
It’s important to keep an eye on how your super is performing for you year to year (and interesting to see how it compares to other funds), but for most people, superannuation will be the longest-held investment we ever have, and our lens on super should reflect that.
Longer-term figures are more significant because they incorporate the ups and downs over that entire period, and allow us to see which investment managers can consistently deliver superior performance, regardless of changing external conditions.
Top 5 All Growth investment options (super funds): 10 years to June 2024
| Super fund | Investment option | Return (per year) |
|---|---|---|
| Vision Super | Just Shares | 10.2% |
| UniSuper | High Growth | 9.9% |
| REST Super | Shares | 9.9% |
| Australian Retirement Trust | Shares (ART – Super Savings) | 9.4% |
| MLC Super Fund | MLC High Growth | 9.3% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
Again median figures can provide good context. In the ten-year period to June 2024, All Growth investment options as a category delivered a median return of 8.8%.
A small difference in performance makes a big difference over time
Although the difference between the top performer and the median may not seem that significant (1.4% per year), the difference builds up over time due to compounding interest.
For example, according to the MoneySmart Superannuation calculator, a 25-year-old with $5,000 in super and earning $50,000 per year, paying 0.8% in fees and achieving 10.2% per year, could potentially retire at 67 with a super balance of approximately $798,887.
All other things being equal, achieving 8.8% instead would mean a super balance of approximately $554,469 – approximately 31% less.
Below you can find the top 10 performing All Growth investment options over 10 years for previous time periods. Click the arrows to see the top 10 for each period.
Top 10 All Growth investment options (super funds): 10 years to December 2023
| Super fund | Investment option | Return (per yr) |
|---|---|---|
| Vision Super | Just Shares | 9.6% |
| UniSuper | High Growth | 9.4% |
| REST Super | Shares | 9.2% |
| MLC Super Fund | MLC High Growth | 8.8% |
| Australian Retirement Trust | Shares (ART – Super Savings) | 8.8% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
Top 10 All Growth investment options (super funds): 10 years to June 2023
| Super fund | Investment option | Return (per yr) |
|---|---|---|
| Vision Super | Just Shares | 10.7% |
| Rest | Shares | 10.4% |
| UniSuper | High Growth | 10.3% |
| MLC | Aust & Global Shares | 10.0% |
| MLC | High Growth | 9.7% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
Top 10 All Growth investment options (super funds): 10 years to December 2022
| Super fund | Investment option | Return (per yr) |
|---|---|---|
| Rest | Shares | 10.8% |
| UniSuper | High Growth | 10.4% |
| Vision Super | Just Shares | 10.4% |
| MLC | Australian & Global Shares | 10.3% |
| MLC | Horizon 6 | 10.1% |
| Plum | Pre-Mixed Aggressive | 9.9% |
| MLC | Aggressive | 9.7% |
| BUSSQ | All Shares | 9.7% |
| Legal Super | High Growth | 9.6% |
| Plum | Active – Aggressive | 9.5% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
Top 10 All Growth investment options (super funds): 10 years to June 2022
| Super fund | Investment option | Return (per yr) |
|---|---|---|
| Rest | Shares | 11.4% |
| UniSuper | High Growth | 10.9% |
| Vision Super | Just Shares | 10.8% |
| MLC Aust & Global | Shares | 10.7% |
| MLC | Horizon 6 | 10.7% |
| Plum | Pre-Mixed Aggressive | 10.4% |
| BUSSQ | All Shares | 10.3% |
| Legal Super | High Growth | 10.3% |
| MLC | Aggressive | 10.3% |
| Plum | Active – Aggressive | 10.2% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
Top 10 All Growth investment options (super funds): 10 years to December 2021
| Super fund | Investment option | Return (per yr) |
|---|---|---|
| UniSuper | High Growth | 13.3% |
| REST Super | Shares | 13.2% |
| Vision Super | Just Shares | 12.8% |
| MLC Super Fund | Shares | 12.5% |
| BUSSQ | All Shares | 12.3% |
| MLC Super Fund | Horizon 6 | 12.2% |
| Australian Retirement Trust | Shares | 12.1% |
| MLC Super Fund | Pre-Mixed Aggressive (Plum) | 11.9% |
| MLC Super Fund | Aggressive | 11.8% |
| Mercer Super Trust | Diversified Shares | 11.8% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
Top 10 All Growth investment options (super funds): 10 years to June 2021
| Super fund | Investment option | Return (per yr) |
|---|---|---|
| UniSuper | High Growth | 11.8% |
| Rest | Shares | 11.6% |
| Vision Super | Just Shares | 11.4% |
| ESSSuper | Shares Only | 11.3% |
| Equip | Growth Plus | 11.2% |
| MLC Aust & Global | Shares | 11.1% |
| BUSSQ | All Shares | 11.1% |
| MLC | Horizon 6 | 10.9% |
| Plum | Pre-Mixed Aggressive | 10.6% |
| VicSuper | Equity Growth | 10.5% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
Top 10 All Growth investment options (super funds): 10 years to December 2020
| Super fund | Investment option | Return (per yr) |
|---|---|---|
| UniSuper | High Growth | 10.6% |
| Rest | Shares | 10.3% |
| ESSSuper | Shares Only | 10.2% |
| Equip | Growth Plus | 10.2% |
| Vision Super | Just Shares | 10.0% |
| MLC | Aust & Global Shares | 9.7% |
| VicSuper | Equity Growth | 9.6% |
| MLC | Horizon 6 | 9.4% |
| Plum | Pre-Mixed Aggressive | 9.3% |
| MLC | Aggressive | 9.2% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
Top 10 All Growth investment options (super funds): 10 years to June 2020
| Super fund | Investment option | Return (per yr) |
|---|---|---|
| UniSuper | High Growth | 10.1% |
| Equip | Growth Plus | 9.9% |
| REST | Shares | 9.8% |
| ESSSuper | Shares Only | 9.8% |
| Vision Super | Just Shares | 9.5% |
| VicSuper | Equity Growth | 9.5% |
| MLC | Horizon 6 | 9.1% |
| MLC | Aust & Global Shares | 9.1% |
| Plum | Pre-Mixed Aggressive | 8.9% |
| MLC | Aggressive | 8.9% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
Top 5 All Growth investment options (super funds): 1 year to June 2024
Super is best viewed as a marathon not a sprint. That said, even those members a long way from retirement should keep a watchful eye on their fund’s ongoing performance to ensure it still meets their objectives and compares favourably with other funds that share a similar risk profile.
The following table shows the top 10 funds over the 12 months to June 2024.
| Super fund | Investment option | Return (per year) |
|---|---|---|
| Australian Retirement Trust | Shares (ART – Super Savings) | 15.6% |
| Vision Super | Just Shares | 14.2% |
| REST Super | Shares | 13.8% |
| UniSuper | High Growth | 13% |
| REI Super | Growth | 12.8% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
The median 1 year return for All Growth investment options to 31 December 2023 was 12.9%.
Below you can find the top 10 performing All Growth investment options over 1 year for previous time periods. Click the arrow to see the top 10 for each period, or continue reading to discover the top 10 performing All Growth investment options over 10 years.
Top 10 Growth investment options (super funds): 1 year to December 2023
| Super fund | Investment option | Return |
|---|---|---|
| Vision Super | Just Shares | 17.5% |
| Australian Retirement Trust | Shares (ART – Super Savings) | 16% |
| REST Super | Shares | 15.8% |
| REI Super | Growth | 13.7% |
| Russell Investments Master Trust | High Growth | 13.5% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
Top 10 Growth investment options (super funds): 1 year to June 2023
| Super fund | Investment option | Return |
|---|---|---|
| Vision Super | Just Shares | 18.0% |
| Rest | Shares | 17.6% |
| MLC | Aust & Global Shares | 16.1% |
| Australian Retirement Trust | Shares (ART – Super Savings) | 15.3% |
| Mercer | Shares | 14.6% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
Top 10 Growth investment options (super funds): 1 year to December 2022
| Super fund | Investment option | Return |
|---|---|---|
| Plum | Pre-Mixed Aggressive | -5.0% |
| MLC | Aggressive | -5.2% |
| Plum | Active – Aggressive | -5.5% |
| Legal Super | High Growth | -5.6% |
| TWUSUPER | High Growth | -5.6% |
| MLC | Horizon 6 | -5.7% |
| Rest | Shares | -5.7% |
| OnePath | OptiMix High Growth | -6.5% |
| MLC | Australian & Global Shares | -6.5% |
| smartMonday | High Growth | -6.6% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
Top 10 Growth investment options (super funds): 1 year to June 2022
| Super fund | Investment option | Return |
|---|---|---|
| Legal Super | High Growth | -2.5% |
| Christian Super | Ethical High Growth | -2.9% |
| MLC | Aggressive | -3.4% |
| Plum | Pre-Mixed Aggressive | -3.5% |
| MLC | Horizon 6 | -3.6% |
| smartMonday | High Growth | -3.9% |
| TWUSUPER | High Growth | -4.0% |
| Plum | Active – Aggressive | -4.2% |
| OnePath OptiMix | High Growth | -5.2% |
| Rest | Shares | -5.8% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
Top 10 Growth investment options (super funds): 1 year to December 2021
| Super fund | Investment option | Return |
|---|---|---|
| MLC Super Fund | Horizon 6 | 21.4% |
| Christian Super | Ethical High Growth | 20.7% |
| MLC Super Fund | Aggressive | 20.3% |
| MLC Super Fund | Pre-Mixed Aggressive (Plum) | 20.3% |
| MLC Super Fund | Shares | 20.1% |
| REST Super | Shares | 20.1% |
| Vision Super | Just Shares | 20.1% |
| SmartMonday | High Growth | 20.1% |
| MLC Super Fund | Active – Aggressive (Plum) | 19.8% |
| Mercer Super Trust | Diversified Shares | 19.6% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
Top 10 Growth investment options (super funds): 1 year to June 2021
| Super fund | Investment option | Return |
|---|---|---|
| Vision Super | Just Shares | 31.5% |
| Sunsuper | Shares | 29.9% |
| MLC Super Fund | Horizon 6 | 29% |
| Australian Catholic Superannuation and Retirement Fund | Shares | 28.4% |
| Colonial First State FirstChoice | High Growth | 28.1% |
| REI Super | Super Growth | 28% |
| UniSuper | High Growth | 27.9% |
| REST | Shares | 27.6% |
| MLC Super Fund | Shares | 27.4% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
Top 10 Growth investment options (super funds): 1 year to December 2020
| Super fund | Investment option | Return |
|---|---|---|
| Vision Super | Just Shares | 11.0% |
| UniSuper | High Growth | 8.6% |
| NGS Super | Shares Plus | 7.2% |
| ESSSuper | Shares Only | 7.2% |
| Equip | Growth Plus | 6.8% |
| Sunsuper | Shares | 6.5% |
| BUSSQ | All Shares | 6.2% |
| VicSuper | Equity Growth | 6.2% |
| Christian Super | Ethical High Growth | 5.8% |
| Aust Catholic Super & Ret | Shares | 4.5% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
Top 10 Growth investment options (super funds): 1 year to June 2020
| Super fund | Investment option | Return |
|---|---|---|
| Vision Super | Just Shares | 2.1% |
| BUSSQ | All Shares | 1.8% |
| UniSuper | High Growth | 1.7% |
| Equip | Growth Plus | 1.3% |
| ESSSuper | Shares Only | 0.1% |
| VicSuper | Equity Growth | -0.1% |
| TWUSUPER | Equity Plus | -1.1% |
| Mine Super | Aggressive | -1.3% |
| NGS Super | Shares Plus | -1.4% |
| Mercer | Diversified Shares | -1.4% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
© Zenith CW Pty Ltd ABN 20 639 121 403 (Chant West), Authorised Representative of Zenith Investment Partners Pty Ltd ABN 27 103 132 672, AFSL 226872 under AFS Representative Number 1280401 2020.
The data provided by Chant West is based on information supplied by third parties and does not contain all the information required to evaluate the nominated service providers, you are responsible for obtaining further information as required. The data provided by Chant West does not constitute financial product advice. However, to the extent that this data is advice it is General Advice (s766B Corporations Act) and Chant West has not taken into account the objectives, financial situation or needs of any specific person who may access or use this data. It is not a specific recommendation to purchase, sell or hold any product(s) and is subject to change at any time without prior notice. Individuals should consider the appropriateness of any advice in light of their own objectives, financial situations or needs and should obtain a copy of and consider any relevant PDS or offer document before making any decision. Data is provided in good faith and is believed to be accurate, however, no representation, warranty or undertaking in relation to the accuracy or completeness of the data is provided. Data provided is subject to copyright and may not be reproduced, modified or distributed without the consent of the copyright owner. Except for any liability which can not be excluded, Chant West does not accept any liability whether direct or indirect, arising from use of this data. Past performance is not an indication of future performance. Full details regarding Chant West’s research methodology, processes, ratings definitions are available at www.chantwest.com.au and Chant West’s Financial Services Guide is available at www.chantwest.com.au/financial-services-guide.
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