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.
Retail fund
Perpetual Select offers a focused menu of diversified and single-sector investments for super and retirement.
Personal super is offered to employees and self-employed people. The published minimum initial investment is $3,000, with separate arrangements for a savings plan.
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 | Choose an investment option |
|---|---|---|
| Return basis | MySuper net return after administration costs, $50,000 representative member | Choose an option |
| 3-year return, per year | 6.77% | Choose an option |
| 5-year return, per year | 6.02% | Choose an option |
| 7-year return, per year | 6.52% | Choose an option |
| 10-year return, per year | 7.14% | Choose an option |
| APRA strategic growth allocation | 68.25% | Choose an option |
| Reported total fees, net of tax, at $50,000 | $440 a year (0.88%) | Choose an option |
| Administration and advice costs, net of tax (included in total) | $125 a year | Choose an option |
| 2026 performance test | Pass | Choose an option |
| New-member status at reporting date | Check the current product eligibility rules | Check the current product eligibility rules |
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 | Perpetual Select |
|---|---|---|
| Membership and access | Anyone can join, subject to product rules. People can remain members when they leave the meat industry. Sources123 | Personal super is offered to employees and self-employed people. The published minimum initial investment is $3,000, with separate arrangements for a savings plan. Sources123 |
| Accounts and products | Superannuation and pension products. Sources123 | Select Super Plan and Pension Plan; older term allocated pension accounts have separate restrictions. Sources123 |
| Investment choices | The fund has MySuper and Choice investments. Pension members can access the Choice menu but not the MySuper option. Sources123 | The menu covers diversified, Australian-share, international-share and cash choices. The Diversified and High Growth super options closed on 23 April 2026. Sources123 |
| 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 | Optional death, disability and salary-continuance cover is available under the insurance disclosure. Sources123 |
| Retirement income | Australian Food Super Pension provides an account-based income product. Compare its fee and investment documents separately from accumulation super. Sources123 | Account-based and transition-to-retirement pension arrangements are available; the term allocated pension is closed to new investors. Sources123 |
| 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 | Members can select options themselves or seek advice. A manager's diversified option still needs to match the member's risk tolerance. Sources123 |
| 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 | Read the June 2026 PDS with the additional fees-and-costs information. Investment charges, spreads, administration, insurance and advice may all apply. Sources123 |
| Comparing investment performance | Compare the published MySuper or Choice option over identical dates and distinguish pension from accumulation results. Sources123 | Check the option's current underlying fund and investment arrangements before treating a long historical return as an unchanged strategy. Sources123 |
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
May suit someone who wants managed diversification or selected sector exposure from the Select range.
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 Perpetual Select 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.