MySuper Product Dashboard

Note: The net investment return reported is as required by law and is the investment return less the cost of investing and less administration fees and costs, based on an account balance of $50,000. This return isn't equivalent to the investment return reported elsewhere by CareSuper, and may not be the return actually credited to your account.

Past performance shouldn't be taken as an indication of future performance.

Glossary of terms - MySuper product dashboard

1. Return: Return represents the ‘net return of a representative member’. The ‘net return of a representative member’ is the net investment return of a representative member minus administration fees, costs and taxes of a representative member and minus advice fees, costs and taxes of a representative member. A ‘representative member’ is a member who is fully invested in the Balanced investment option, who doesn't incur any activity fees during a year and who has an account balance of $50,000 throughout that year. It excludes investment gains/losses on the $50,000 balance.

2. Return target: Return target represents the mean annualised estimate of the percentage rate of net return of a representative member that exceeds the growth in the CPI over 10 years. The return target is not the same as the investment return objective stated in the Investment guide. The investment return objective is over rolling 7-year periods and is after investment fees and costs, transaction costs and investment-related taxes. 

3. Statement of fees and other costs: Statement of fees and other costs is the sum of fees and costs calculated in accordance with the APRA Product Dashboard Reporting Standard for the year ending 30 June 2024 for a representative member. A ‘representative member’ is a member who is fully invested in the MySuper investment option, who does not incur any activity fees during a year and who has an account balance of $50,000 throughout that year. It excludes investment gains/losses on the $50,000 balance.

The statement of fees and costs for a representative member include the following fees and costs:

Administration fees and costs

• $67.60 each year plus 0.15% ($75) of a member’s account balance each year (the percentage fee is capped at $750 each year). These are calculated daily and deducted from member accounts at the end of each month, or when the account is closed.

• An estimated 0.11% of net assets each year ($55). If required, this additional amount is deducted from fund assets held in general reserves to meet administration expenses that exceed the administration fees and costs deducted from member accounts in a year. This isn't deducted from a member's account.

Investment fees and costs

• An estimated 0.45% ($225) of assets each year, deducted from investment returns before they’re allocated to a member’s account through the daily determination of unit prices.

Transaction costs

• An estimated 0.07% ($35) of assets each year, deducted from investment returns before they’re allocated to a member's account through the daily determination of unit prices. For more details about our fees and costs, read our Fees and costs guide.

4. Standard risk measure: The standard risk measure disclosed for each of CareSuper's investment options is calculated on the basis of the strategic asset allocation for that investment option. It represents the Trustee’s calculation of the standard risk measure for that option over a 20-year period.

5. Comparison between return target and return: Comparison between return target and return is represented in the graph on the Balanced option Product Dashboard where:

• the columns in the graph represent the actual return for each of the last 10 whole financial years

• the green line in the graph represents the moving average return target for the last 10 whole financial years

• the blue line in the graph represents the moving average return for the last 10 whole financial years.

Each of the above components is calculated in accordance with the APRA Product Dashboard Reporting Standard.