Cash

This is generally investments in the short-term money market directly or indirectly through an interposed vehicle and can include cash, term deposits, discounted securities (such as short-term bank bills, commercial paper and short-term fixed interest investments). The cash asset class may include an allocation to short-dated annuities. Cash and other investments used in the cash asset class generally have the lowest volatility and long-term return (relative to our other asset classes).

2.76%

3.23%

10-year average
annual super return
as at 30 June 2020

10-year average
annual pension return
as at 30 June 2020

For the returns over various time periods see the performance page.

Why you’d invest

Invest in this option if you seek to maintain the capital value of your investment over any time period while earning a rate of return similar to that of bank bills or from a cash management trust.

The minimum investment timeframe is 1 year or less.

Return objective

To outperform the return of the Australian cash market (as measured by the Bloomberg Ausbond Bank Bill Index).

Risk level

Very low

The likelihood of a negative annual return is nil in every 20 years.

The risk level is based on the Standard Risk Measure.

Very low

The likelihood of a negative annual return is nil in every 20 years.

The risk level is based on the Standard Risk Measure.

Asset class mix

Allocation table for Super & TTI

Asset class	Benchmark	Range
Cash*	100%	n/a

Allocation table for Pension

Asset class	Benchmark	Range
Cash*	100%	n/a

*This option may hold some short-dated annuities.

CareSuper’s Cash option explained - Watch video

Fees

The following example shows the total investment fee you would pay if you had $50k invested in our Cash option. These fees aren’t paid directly from your account.

Investment fees

0.06%

This fee is deducted from the Fund’s assets and is reflected in the daily unit price for the Cash option.

Indirect cost ratios

0.00%

This fee is deducted from investment returns received from, or assets of, underlying investment vehicles and reflected in the daily unit price for the Cash option.

Total

investment fee

0.06%

$50k balance = $30* total of investment fees.

*Represents the investment fee only. An administration fee also applies to the total cost of the product.

Add the investment fee and the indirect cost ratio together, then multiply the percentage by your balance.
(0.06% + 0.00% = 0.06%) x $50,000 = $30

See fees and costs for further information.

Investment fees

0.06%

This fee is deducted from the Fund’s assets and is reflected in the daily unit price for the Cash option.

Indirect cost ratios

0.00%

This fee is deducted from investment returns received from, or assets of, underlying investment vehicles and reflected in the daily unit price for the Cash option.

Total

investment fee

0.06%

$50k balance = $30* total of investment fees.

*Represents the investment fee only. An administration fee also applies to the total cost of the product.

Add the investment fee and the indirect cost ratio together, then multiply the percentage by your balance.
(0.06% + 0.00% = 0.06%) x $50,000 = $30.

See fees and costs for further information.

Cash investment option FAQs

More about investing

Fees and costs

Each of our investment options has its own set of fees that covers the costs of managing your investments.

See our fee structure

Investment returns

Discover how your investments measure up against their return objectives and industry benchmarks.

Check our performance

Your investment choices

No two CareSuper members are the same so we offer 13 different investment choices.

Explore your choices