Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
Industry fund
Australian Food Super is the current name of AMIST Super. It has meat-industry roots and is now open to everyone.
Anyone can join, subject to product rules. People can remain members when they leave the meat industry.
Industry fund
HESTA is open to everyone, with roots in health and community services. Its default insurance design is a particularly useful point of difference to investigate.
Anyone can join subject to product eligibility. Check whether the relevant product is HESTA Super, Personal Super or an employer-specific arrangement.
Choose the actual investment pathway for each account. For lifecycle products, select the named stage relevant to you. No stage is selected automatically.
| Measure | MySuper | HESTA MySuper |
|---|---|---|
| Return basis | MySuper net return after administration costs, $50,000 representative member | MySuper net return after administration costs, $50,000 representative member |
| 3-year return, per year | 6.77% | 9.26% |
| 5-year return, per year | 6.02% | 6.91% |
| 7-year return, per year | 6.52% | 7.47% |
| 10-year return, per year | 7.14% | 8.03% |
| APRA strategic growth allocation | 68.25% | 74.25% |
| Reported total fees, net of tax, at $50,000 | $440 a year (0.88%) | $405 a year (0.81%) |
| Administration and advice costs, net of tax (included in total) | $125 a year | $145 a year |
| 2026 performance test | Pass | Pass |
| New-member status at reporting date | Check the current product eligibility rules | Check the current product eligibility rules |
At $50,000, the reported annual total-cost difference is $35. HESTA's selected reporting pathway has the lower reported cost on this measure. The figures cover the year to June 2026; current prices, insurance and separately charged advice can change the comparison.
The growth allocations are 68.25% and 74.25%. A return gap can reflect different exposure to growth assets, and similar headline allocations can still contain different investments.
A performance-test pass is a benchmark result for the tested product or pathway. It is not an endorsement or a guarantee of future performance.
Source: APRA Comprehensive Product Performance Package 2026, published 28 August 2026. Fees reflect the reporting year to 30 June 2026, are net of tax, use standard arrangements and exclude member-activity fees. Dollar figures are rounded. They are not a current quote. Check the latest PDS for changes, insurance premiums and any separately charged advice.
Returns are annualised historical results. Different return bases, risk levels and periods cannot be treated as interchangeable. MySuper net returns use a $50,000 representative balance even when you change the fee balance. A lifecycle stage return does not track a person moving between stages. Missing figures mean not reported, not zero. Past returns do not predict future returns. Read our method and APRA's definitions.
| What to compare | Australian Food Super | HESTA |
|---|---|---|
| Membership and access | Anyone can join, subject to product rules. People can remain members when they leave the meat industry. Sources123 | Anyone can join subject to product eligibility. Check whether the relevant product is HESTA Super, Personal Super or an employer-specific arrangement. Sources15 |
| Accounts and products | Superannuation and pension products. Sources123 | HESTA Super and Personal Super; Corporate insurance arrangements need their own guide. HESTA Super HESTA Personal Super Retirement Income Stream Transition to Retirement Income Stream Sources7 |
| Investment choices | The fund has MySuper and Choice investments. Pension members can access the Choice menu but not the MySuper option. Sources123 | Balanced Growth Balanced Growth is the MySuper default. Members can choose other ready-made or asset-class options. The menu includes Sustainable Growth and Indexed Balanced Growth; the Income Stream has its own investment range and disclosure document. Sources23 |
| Insurance | Members can opt in to life, TPD and income protection cover. Check eligibility and the current insurer documents, especially for manual work or changing employment. Sources123 | Eligible members receive default death and income protection cover; TPD cover is optional. HESTA also describes an insurance-premium pause for up to 12 months of approved parental leave, subject to conditions. Personal Super members need to check how cover is selected when joining. Sources45 |
| Retirement income | Australian Food Super Pension provides an account-based income product. Compare its fee and investment documents separately from accumulation super. Sources123 | HESTA offers Retirement and Transition to Retirement Income Streams. The fund publishes a separate pension investment menu, so check the income-stream allocation and costs rather than assuming they are identical to the super option with a similar name. Sources3 |
| Advice and support | The fund has engaged Retire360 to provide advice. Confirm which assistance is included and what a more detailed personal plan costs. Sources123 | Most advice about a HESTA account is covered by administration fees. Advice tailored to starting an Income Stream has a separate fee, and comprehensive advice can be provided through an external referral on an agreed fee-for-service basis. Sources6 |
| Fee details to check | Use the current product disclosure and member guide for the option and account type. Include insurance premiums in a personal comparison. Sources123 | Add administration, investment and transaction costs for the selected option and the insurance you actually hold. HESTA's current fee page uses costs for the year ended 30 June 2026, including estimates, and warns that future costs can differ. Sources6 |
| Comparing investment performance | Compare the published MySuper or Choice option over identical dates and distinguish pension from accumulation results. Sources123 | Use HESTA Super returns for a super comparison and Income Stream returns for a retirement comparison. Match Balanced Growth's asset mix with the competing option rather than using the word Balanced alone. Sustainable and indexed strategies need their own results. List HESTA's default insurance types explicitly. Treat Sustainable Growth as a specific investment option, not a description of every HESTA investment. Sources7 |
THE SUPERGURU VIEW
Worth comparing for food-industry workers who want to investigate occupation-specific insurance and a conventional super-and-pension offering.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
THE SUPERGURU VIEW
HESTA merits a closer look for someone whose working life includes caring roles, part-time work or parental leave. Its default income protection and optional TPD structure makes a generic insurance tick-box misleading. Read the benefit definitions and waiting periods, and compare the cover you need rather than simply counting how many insurance types a fund advertises.
Sources4
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
Use the membership rules to establish which accounts are available to you. Then compare the total price of the investment option and cover you need. A lower fee or higher historical return alone does not tell you which fund is suitable.
Ask both funds to confirm insurance acceptance, exclusions, waiting periods and whether cover would change when you leave your employer. Obtain advice before giving up a defined benefit or an insurance policy you may not be able to replace. ASIC Moneysmart explains the comparison checks.
Read the full Australian Food Super profile · Read the full HESTA profile · Choose another comparison
Checked 2026-09-11. Documents and product terms can change after this date.
Checked 2026-09-11. Documents and product terms can change after this date.