Founded in 1941, Mine Super is a super fund that is primarily linked to the mining industry.
A relatively small fund, as of September 30th 2024, they had approximately 60,110 members with $13.88 billion in assets under management.
Please Note: Any advice on this page is general in nature and does not take into account your objectives, financial situation or needs. Consider whether this is right for you. See full disclaimer.
Past performance is not a reliable indicator of future performance.
Mine Super’s – High Growth investment option outperformed the median over 1 year, 3 and 5 years whereas it’s Growth option has outperformed over 1 and 3 but underperformed over 5 years.
Select an investment option from the menu below to see performance Vs the relevant median.
See Mine Super vs Australian Super to see how Mine Super compares with Australia’s biggest super fund and for a comparison against all funds see compare super funds.
Mine Super’s fees for their Balanced investment option is slightly above the median compared to other funds MySuper/Balanced options listed on Review My Super.
Select an investment option from the menu below to see flat fees, percentage based fees and total fees on a balance of $50,000.
| Investment Option | 1 Year | 3 Year | 5 Year |
|---|---|---|---|
| Mine Super - Australian Shares | 11.22% | 7.59% | 8.22% |
| Median | 13.8% | 6.2% | 8% |
| Mine Super - Australian Shares VS Median | -2.58% | 1.39% | 0.22% |
| Investment Option | Flat Fee | Percentage Based Fee | Fee Based on 50k |
|---|---|---|---|
| Mine Super - Australian Shares | 39 | 0.33% | $204 |
| Rank | Asset | % | |
|---|---|---|---|
| 1 | Australian Shares | 100% |
| Investment Option | 1 Year | 3 Year | 5 Year |
|---|---|---|---|
| Mine Super - Growth | 13.39% | 6.27% | 7.76% |
| Median | 13.8% | 6.2% | 8% |
| Mine Super - Growth VS Median | -0.41% | 0.07% | -0.24% |
| Investment Option | Flat Fee | Percentage Based Fee | Fee Based on 50k |
|---|---|---|---|
| Mine Super - Growth | 39 | 0.73% | $404 |
| Rank | Asset | % | |
|---|---|---|---|
| 1 | Australian Shares | 29% | |
| 2 | International Shares | 36% | |
| 3 | Fixed Interest | 15% | |
| 4 | Alternative | 12% | |
| 5 | Property | 6% | |
| 6 | Cash | 2% |
| Investment Option | 1 Year | 3 Year | 5 Year |
|---|---|---|---|
| Mine Super - International Shares | 30.34% | 12.31% | 13.93% |
| Median | 13.8% | 6.2% | 8% |
| Mine Super - International Shares VS Median | 16.54% | 6.11% | 5.93% |
| Investment Option | Flat Fee | Percentage Based Fee | Fee Based on 50k |
|---|---|---|---|
| Mine Super - International Shares | 39 | 0.33% | $204 |
| Rank | Asset | % | |
|---|---|---|---|
| 1 | International Shares | 100% |
| Investment Option | 1 Year | 3 Year | 5 Year |
|---|---|---|---|
| Mine Super - Property | 7.49% | -1.92% | 2.08% |
| Median | 13.8% | 6.2% | 8% |
| Mine Super - Property VS Median | -6.31% | -8.12% | -5.92% |
| Investment Option | Flat Fee | Percentage Based Fee | Fee Based on 50k |
|---|---|---|---|
| Mine Super - Property | 39 | 0.49% | $284 |
| Rank | Asset | % | |
|---|---|---|---|
| 1 | Property | 100% |
| Investment Option | 1 Year | 3 Year | 5 Year |
|---|---|---|---|
| Mine Super - Secure | 5.04% | 3% | 3.12% |
| Median | - | - | - |
| Mine Super - Secure VS Median | 5.04% | 3% | 3.12% |
| Investment Option | Flat Fee | Percentage Based Fee | Fee Based on 50k |
|---|---|---|---|
| Mine Super - Secure | 39 | 0.4% | $239 |
| Rank | Asset | % | |
|---|---|---|---|
| 1 | Australian Shares | 10% | |
| 2 | Cash | 90% |
| Investment Option | 1 Year | 3 Year | 5 Year |
|---|---|---|---|
| Mine Super - Balanced | 10.78% | 5.28% | - |
| Median | 11.4% | 5.2% | - |
| Mine Super - Balanced VS Median | -0.62% | 0.08% | - |
| Investment Option | Flat Fee | Percentage Based Fee | Fee Based on 50k |
|---|---|---|---|
| Mine Super - Balanced | 39 | 0.72% | $399 |
| Rank | Asset | % | |
|---|---|---|---|
| 1 | Australian Shares | 24% | |
| 2 | International Shares | 32% | |
| 3 | Fixed Interest | 21% | |
| 4 | Alternative | 12% | |
| 5 | Property | 6% | |
| 6 | Cash | 5% |
| Investment Option | 1 Year | 3 Year | 5 Year |
|---|---|---|---|
| Mine Super - Bonds | 2.11% | -0.9% | -0.28% |
| Median | - | - | - |
| Mine Super - Bonds VS Median | 2.11% | -0.9% | -0.28% |
| Investment Option | Flat Fee | Percentage Based Fee | Fee Based on 50k |
|---|---|---|---|
| Mine Super - Bonds | 39 | 0.38% | $229 |
| Rank | Asset | % | |
|---|---|---|---|
| 1 | Fixed Interest | 100% |
| Investment Option | 1 Year | 3 Year | 5 Year |
|---|---|---|---|
| Mine Super - Indexed Defensive | 9.28% | 4.24% | - |
| Median | 6.3% | 3.2% | - |
| Mine Super - Indexed Defensive VS Median | 2.98% | 1.04% | - |
| Investment Option | Flat Fee | Percentage Based Fee | Fee Based on 50k |
|---|---|---|---|
| Mine Super - Indexed Defensive | 39 | 0.39% | $234 |
| Rank | Asset | % | |
|---|---|---|---|
| 1 | Australian Shares | 16% | |
| 2 | International Shares | 24% | |
| 3 | Fixed Interest | 36% | |
| 4 | Cash | 24% |
| Investment Option | 1 Year | 3 Year | 5 Year |
|---|---|---|---|
| Mine Super - High Growth | 15.61% | 7.01% | 8.78% |
| Median | 13.8% | 6.2% | 8% |
| Mine Super - High Growth VS Median | 1.81% | 0.81% | 0.78% |
| Investment Option | Flat Fee | Percentage Based Fee | Fee Based on 50k |
|---|---|---|---|
| Mine Super - High Growth | 39 | 0.71% | $394 |
| Rank | Asset | % | |
|---|---|---|---|
| 1 | Australian Shares | 34% | |
| 2 | International Shares | 45% | |
| 3 | Fixed Interest | 2% | |
| 4 | Alternative | 12% | |
| 5 | Property | 6% | |
| 6 | Cash | 1% |
| Investment Option | 1 Year | 3 Year | 5 Year |
|---|---|---|---|
| Mine Super - Cash | 4.09% | 2.95% | 1.83% |
| Median | - | - | - |
| Mine Super - Cash VS Median | 4.09% | 2.95% | 1.83% |
| Investment Option | Flat Fee | Percentage Based Fee | Fee Based on 50k |
|---|---|---|---|
| Mine Super - Cash | 39 | 0.31% | $194 |
| Rank | Asset | % | |
|---|---|---|---|
| 1 | Cash | 100% |
Life, TPD and income protection cover is automatically applied if the member is over the age of 25 and has a balance of at least $6,000. Members can also apply to increase their cover above the default rates, with the following limits:
Death – No limit. Terminal illness component has a $2.5 million limit.
TPD – $2 million
Income protection – $2,600 per fortnight for a maximum of 5 years.
Insurance is provided by TAL Life Limited.
See the Mine Super ABN and USI page for all the information required to contribute to this fund.
Read their PDS and TMD for further details.
Mine Super’s High Growth investment option outperformed the median over 1, 3 and 5 years whereas it’s Growth option has outperformed over 1 and 3 and underperformed over 5 years.
Fees for their different investment options are close to the median of funds listed on Review My Super. Based on this evidence, it depends on what investment option you’re in and what your risk category is as to whether it’s a good super fund.
However, past performance isn’t a reliable indicator of future performance and there are many factors which determine whether a super fund is good or bad and it can differ depending on personal requirements. It’s best to seek advice from a qualified adviser in order to work out which is the best super fund for you.
Yes, it is an industry fund.
