MySuper dashboard for CareSuper’s Balanced option
CareSuper’s online product dashboard is designed to help members learn more about the return, risk level and fees applicable to our Balanced (MySuper) option. By using this information, members can easily see how our MySuper option compares to others and make informed choices about their super.
10 year average return of 5.69%
as at 30 June 2017.
To achieve returns after tax and fees that exceed the inflation rate (as measured by the CPI) by 5.8% per year, over the ten year period from 30 June 2017 to 30 June 2027.
Comparison between return target and return
The above returns are net of investment and administration fees and tax and have been calculated using an account balance of $50,000. These returns, which are calculated specifically for this MySuper dashboard, may vary from the investment returns for CareSuper’s Balanced option available elsewhere. Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments.
Investment risk level
Medium to high risk. A negative return is expected in 3.1 out of every 20 years
Statement of fees and other costs
The annual fees and costs of CareSuper’s MySuper option for a member with $50,000 balance are $608 per year. This amount includes administration fees and indirect investment management fees.
You can find out more about the terms used in this MySuper dashboard in the glossary below.
Inside the Balanced option
Diversified mix of assets with emphasis on Australian and Overseas shares and alternatives
Total estimated indirect cost ratio
Buy spread: 0.05%
Sell spread: 0.05%
Risk levelRisk label
3Low to medium
5Medium to high
The net benefit of a CareSuper account
Returns are only part of the story – the 'net benefit' in your choice of super fund depends on the returns you receive in relation to the fees you pay. Take a look at the long term net benefit of CareSuper’s Balanced option.
About the option
The Balanced option is CareSuper’s default – so your super will automatically be invested into this option unless you make a different investment choice.
This option aims to achieve relatively high returns in the medium to long term, subject to short-term variations in returns within acceptable limits.
It invests in a mix of assets with emphasis on Australian and overseas shares and alternatives.
This option is suitable for members seeking returns above the rate of inflation over the long term.
Actual 10-year annual return CareSuper’s average return over the past ten years, calculated to 30 June in a particular financial year.
Investment risk Find out more about the risk level associated with CareSuper’s investment options
Return target This figure is an estimate of the expected ten-year return of CareSuper’s Balanced option in excess of inflation (as measured by the CPI). The return target is based on a 50% probability of achieving the target and differs to the Balanced option’s investment objective [as disclosed in the Member Guide PDS and elsewhere on this website], as CareSuper has set the objectives for the MySuper option at a level where the probability of achieving them exceeds 50%.
Return This figure represents the performance of CareSuper’s Balanced option over the past ten years. This return is calculated after investment and administration fees, costs and taxes. These returns, which are calculated specifically for this MySuper dashboard, may vary from the investment returns for CareSuper’s Balanced option available elsewhere where returns are shown net of investment costs and taxes.
10-year average This figure represents the performance of CareSuper’s Balanced option over the past ten years. This return is calculated after investment and administration fees, costs and taxes.
Target 10-year annual return The Balanced option’s 10-year target return, net of investment and administration fees and tax, which is the level of investment performance the option aims to achieve.