Direct Investment option

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Direct Investment option

At a glance

Asset classes

Members can select their own mix from Cash (including term deposits) and Australian shares.

Investment timeframe

The minimum suggested timeframe will depend on the investments selected by individual members.

  • For term deposits: very short term (1 year or less)
  • For S&P/ASX 300 Index-listed securities: very long term (7 to 10 years)
  • For ETFs and LICs: very long term (7 to 10 years)

Fees

$25 per month, plus brokerage which will either be added to the cost on purchase, or deducted from the sale proceeds, of any listed security transactions.

Brokerage and other service fees which may apply to this option are outlined below. Direct Investment option fees are charged in addition to CareSuper’s general member fees.

Likelihood of negative return

Variable - depending on each member’s allocation to listed securities and term deposits and the performance of the investments selected by individual members.

Risk Level

This depends on the mix of investments selected by individual members.

  • Term deposits: very low risk – risk band 1#
  • The securities that form part of the S&P/ASX 300 Index: very high risk – risk band 7
  • ETFs and LICs: very high risk – risk band 7

About the option

CareSuper’s Direct Investment option allows members to invest a proportion of their super in their choice of:

With a wide variety of available investments, sophisticated online access and up to date market information, the Direct Investment option gives you the flexibility to become more actively involved in managing your super.

When you select the Direct Investment option, a cash account will be created, where transactions will be settled, brokerage charged and any interest, the relevant dividends, distributions, franking credits, capital gains or losses and tax liability paid.

Most suitable for

The Direct Investment option is suitable for members who are comfortable taking an active role managing their super investment.

Investment objectives

This option aims to provide members with the choice and flexibility to manage part of their super.

Eligibility

To be eligible to invest in the Direct Investment option, you must have a minimum of $10,000 in your CareSuper account and observe certain rules relating to minimum and maximum investment levels. You should read the Investment Guide for details and decide whether this investment option is right for you before investing in this option.

How to open an account in the Direct Investment option

  1. Log in to MemberOnline. If you don’t have an account yet, register here. You will need your member number to register.
  2. Click on the link to the ‘Investments’ page. Follow the instructions on how to register for the Direct Investment option.
  3. Once you have successfully registered, you will be provided with instructions on how to access your account. You can transact in the Direct Investment option once you have transferred enough money to your cash account (minimum $500). If your request to transfer funds into your cash account is received before midnight Friday (AEST), it will usually be processed on the following Wednesday.

Investments

Here’s the full list of investments available through the Direct Investment option:

  • The securities that form part of the S&P/ASX 300 Index

To view a current list of the securities listed on the S&P/ASX 300 Index, visit the official S&P/ASX 300 Index page where you can find the full constituents list.

To buy and sell listed securities in Direct Investment Online, simply search for the company name or ASX code of the security you want to trade.

  • ETFs
ETF name ASX code
BetaShares Australian Dividend Harvester Fund HVST
BetaShares Australian Equities Strong Bear Hedge Fund BBOZ
BetaShares Australian High Interest Cash ETF AAA
BetaShares FTSE RAFI Australia 200 ETF QOZ
BetaShares Gold Bullion ETF – Currency Hedged QAU
ETFS Physical Gold GOLD
iShares Asia 50 ETF IAA
iShares China Large Cap ETF IZZ
iShares Core Composite Bond ETF IAF
iShares Europe ETF IEU
iShares Global 100 ETF IOO
iShares Government Inflation ETF ILB
iShares MSCI BRIC (Brazil, Russia, India and China) ETF IBK
iShares MSCI EAFE (Europe, Australasia and Far East) ETF IVE
iShares MSCI Emerging Markets ETF IEM
iShares MSCI Japan ETF IJP
iShares S&P 500 ETF IVV
iShares S&P Small Cap ETF IJR
SPDR MSCI Australia Select High Dividend Yield Fund SYI
SPDR S&P/ASX 200 Financials EX A-REITs Fund OZF
SPDR S&P/ASX 200 Fund STW
SPDR S&P/ASX 200 Listed Property Fund SLF
SPDR S&P/ASX 200 Resources Fund OZR
SPDR S&P/ASX Small Ordinaries Fund SSO
VanEck Vectors Australian Equal Weight ETF MVW
Vanguard Australian Fixed Interest Index ETF VAF
Vanguard Australian Property Securities Index ETF VAP
Vanguard Australian Shares High Yield ETF VHY
Vanguard Australian Shares Index ETF VAS
Vanguard FTSE All-World Ex-US ETF VEU
Vanguard MSCI Index International Shares ETF VGS
Vanguard US Total Market Shares Index ETF VTS

 

  • Listed Investment Companies
Listed Investment Company Asset class ASX code
Australian Foundation Investment Company Ltd Australian shares AFI
Future Generation Global Investment Company Ltd International shares FGG
Future Generation Investment Company Ltd Australian shares FGX
Hunter Hall Global Value Ltd International shares
(with an ethical overlay)
HHV
MFF Capital Investments Ltd International shares MFF
Milton Corporation Ltd Australian shares MLT
Mirrabooka Investments Ltd Australian shares (small caps) MIR
Platinum Capital Ltd International shares PMC
WAM Capital Ltd Australian shares WAM

 

  • Term deposits
Provider Interest rate^
  1 month 3 months 6 months 12 months
ANZ 1.80% 2.48% 2.48% 2.53%
Macquarie Bank 1.80% 2.30% 2.35% 2.35%
ME 2.00% 2.60% 2.70% 2.80%
NAB 1.85% 2.47% 2.50% 2.56%

^Interest rates current at 14 August 2017. These rates are subject to change - please log into Direct Investment Online to view the latest rates. Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments.

Before you invest - register for MemberOnline and provide us with your email address

Transactions in the Direct Investment option are made through Direct Investment Online - a sophisticated online portal that connects from CareSuper MemberOnline, allowing you to manage your investment in this option at the click of a button.

Fees

$25 per month. The fee is calculated and deducted from your account monthly on the last Friday of every month for members registered in the Direct Investment option. Please note that this fee will be applicable as soon as you register for the Direct Investment option and not once you commence investing in this option. It is payable monthly as long as your cash account is open, even if your cash account balance is zero.

Brokerage

Brokerage will either be added to the cost on purchase, or deducted from the sale proceeds, of each transaction.

Trade amount Brokerage fees^ (including GST)
$0 – $4,167 $13.75
$4,168 – $10,000 0.33%
$10,001 – $30,000 0.22%
$30,001 – $50,000 0.20%
$50,001 – $100,000 0.17%
$100,001 – $10,000,000 0.11%

^ Brokerage fees in the above table have been rounded up to 2 decimal places.

Other service fees

Type of fee or cost Amount and frequency
Direct Investment option tax calculation fee $150 one-off fee applies if you request that CareSuper calculates any tax adjustments you are owed when you sell your investments and leave CareSuper before the end of financial year tax adjustment.
Fee for breaking a term deposit prior to maturity

If you hold a term deposit in the Direct Investment option and you request to break it before it matures, the term deposit provider may charge a fee or reduce the interest you receive.

Contact CareSuper to find out more about the specific fee or interest reduction that may be charged by a particular term deposit provider.

A request to break a term deposit prior to maturity is subject to the approval of the term deposit provider and the Term Deposit Terms and Conditions (available online through Direct Investment Online). Any request to break a term deposit before the agreed maturity date must be made directly to CareSuper in writing 45 days in advance.

Investment fees applicable to ETFs and LICs 0.07% - 1.77%. The fees paid will depend on the ETF(s) or LIC(s) selected by individual members. These fees are not deducted directly from your account and are reflected in the value of the ETF or LIC investment or the ETF's or LIC's returns.

Find out more

Before deciding to invest in this option, read the CareSuper Investment Guide available here.

As with any investment decision, you should consult a financial planner before investing in this option. The financial planners can give you advice about your overall risk profile, however they cannot give you advice about individual securities or term deposits available via the Direct Investment option. Before investing in a listed security you should obtain and consider the product disclosure statement or other disclosure document available from the website of the security issuer.

Find out about the financial planning services available to CareSuper members.*

*Financial planning is offered through CareSuper's relationship with Industry Fund Financial Planning, a division of Industry Fund services Pty Ltd (IFS), ABN 54 007 016 195, IFS's AFSL 232514. Advice is provided under the authority of IFS's AFS Licence. Please note: an Industry Fund Financial Planner cannot give you advice about individual stocks.

#It can take up to 45 days to break a term deposit before its pre-determined maturity date, which has the potential to increase the liquidity risk of this type of investment.

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This website contains general advice, not taking into account your objectives, financial situation or needs. Before acting on this advice you should determine if it is appropriate for you. Before acquiring a product, first read its product disclosure statement. Some products and services offered on this website are provided by third parties. The trustee is not responsible for the products or services, views or actions of these third parties. Terms and conditions may apply which should be obtained from the third parties direct. The trustee does not accept liability if loss or damage is incurred from the acquisition of third party products or services. Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226 CARE Super (Fund) ABN 98 172 275 725
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