CareSuper
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CareSuper: Performance, features and fees

CareSuper is an industry super fund for professionals, office workers and administration employees however it's open to all Australians to join.

CareSuper investment options

You'll automatically be placed in the Balanced fund, which is the default MySuper option, when you join. After joining you're able to switch to another investment option at any time.

1 - 13 of 13
Name Last 1 year performance (p.a.) Last 3 year performance (p.a.) Last 5 year performance (p.a.) Last 10 year performance (p.a.) Fees on $50k balance (p.a.)
CareSuper Balanced
Industry fund
Last 1 year performance (p.a.)
+9.08%
Last 3 year performance (p.a.)
+6.67%
Last 5 year performance (p.a.)
+6.98%
Last 10 year performance (p.a.)
+7.58%
Fees on $50k balance (p.a.)
$553
More Info
CareSuper Capital Stable
Industry fund
Last 1 year performance (p.a.)
+6.33%
Last 3 year performance (p.a.)
+3.68%
Last 5 year performance (p.a.)
+3.85%
Last 10 year performance (p.a.)
+4.57%
Fees on $50k balance (p.a.)
$408
More Info
CareSuper Direct Property
Industry fundHigher risk
Last 1 year performance (p.a.)
-7.05%
Last 3 year performance (p.a.)
+3.78%
Last 5 year performance (p.a.)
+3.61%
Last 10 year performance (p.a.)
+7.53%
Fees on $50k balance (p.a.)
$518
More Info
CareSuper Conservative Balanced
Industry fund
Last 1 year performance (p.a.)
+8.16%
Last 3 year performance (p.a.)
+4.79%
Last 5 year performance (p.a.)
+5.04%
Last 10 year performance (p.a.)
+5.58%
Fees on $50k balance (p.a.)
$428
More Info
CareSuper Growth
Industry fundHigher risk
Last 1 year performance (p.a.)
+11.44%
Last 3 year performance (p.a.)
+7.85%
Last 5 year performance (p.a.)
+8.11%
Last 10 year performance (p.a.)
+8.37%
Fees on $50k balance (p.a.)
$553
More Info
CareSuper Overseas Shares
Industry fundHigher risk
Last 1 year performance (p.a.)
+23.01%
Last 3 year performance (p.a.)
+8.27%
Last 5 year performance (p.a.)
+10.24%
Last 10 year performance (p.a.)
+10.13%
Fees on $50k balance (p.a.)
$418
More Info
CareSuper Fixed Interest
Industry fund
Last 1 year performance (p.a.)
+3.74%
Last 3 year performance (p.a.)
-0.38%
Last 5 year performance (p.a.)
+0.83%
Last 10 year performance (p.a.)
+2.21%
Fees on $50k balance (p.a.)
$298
More Info
CareSuper Australian Shares
Industry fundHigher risk
Last 1 year performance (p.a.)
+9.85%
Last 3 year performance (p.a.)
+10.19%
Last 5 year performance (p.a.)
+9.41%
Last 10 year performance (p.a.)
+8.56%
Fees on $50k balance (p.a.)
$433
More Info
CareSuper - Alternative Growth
Industry fund
Last 1 year performance (p.a.)
+8.66%
Last 3 year performance (p.a.)
+6.56%
Last 5 year performance (p.a.)
+6.58%
Last 10 year performance (p.a.)
+7.27%
Fees on $50k balance (p.a.)
$528
CareSuper - Capital Guaranteed
Industry fund
Last 1 year performance (p.a.)
+2.98%
Last 3 year performance (p.a.)
+1.45%
Last 5 year performance (p.a.)
+1.37%
Last 10 year performance (p.a.)
+1.73%
Fees on $50k balance (p.a.)
$348
CareSuper - Cash
Industry fund
Last 1 year performance (p.a.)
+3.76%
Last 3 year performance (p.a.)
+1.83%
Last 5 year performance (p.a.)
+1.48%
Last 10 year performance (p.a.)
+1.89%
Fees on $50k balance (p.a.)
$233
CareSuper - MySuper Balanced
Industry fund
Last 1 year performance (p.a.)
+9.08%
Last 3 year performance (p.a.)
+6.67%
Last 5 year performance (p.a.)
+6.98%
Last 10 year performance (p.a.)
+7.58%
Fees on $50k balance (p.a.)
$553
CareSuper - Sustainable Balanced
Industry fund
Last 1 year performance (p.a.)
+8.21%
Last 3 year performance (p.a.)
+6.84%
Last 5 year performance (p.a.)
+7.38%
Last 10 year performance (p.a.)
+7.55%
Fees on $50k balance (p.a.)
$543
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Showing 13 of 13 results

Unless indicated otherwise, the information in the table is based on data provided by SuperRatings Pty Limited ABN 95 100 192 283, Australian Financial Services Licence 311880.

*Past performance data and fee data is for the period ending Feb 2024

What are the key features of CareSuper?

  • Industry super fund. CareSuper is an industry super fund, which means it's run to benefit members rather than shareholders. It began as a fund for the professional services, administration and office-based sector however, anyone is now free to join.
  • Choose from a range of investment options. There are 7 pre-mixed investment portfolios and 5 single asset classes.
  • MySuper investment option. The Balanced option is the default low-fee, no-frills MySuper option for members who don't wish to choose their own investment option.
  • Ethical investments available. There's a socially responsible option available (Sustainable Balanced) that invests in companies with a positive social and environmental impact.
  • Default insurance cover. Eligible members receive automatic death and total permanent disablement (TPD) cover.
  • Consolidate your super online. You can opt to consolidate your existing super into your new CareSuper account when joining or any time after you've joined by logging into your online portal.

What investment options are available with CareSuper?

You can choose from a range of pre-mixed investment portfolios, or build your own portfolio with the single sector options.

Option 1: Pre-mixed investment portfolios

Each option below invests in a different mix of high-risk growth assets and low-risk defensive assets. You can see what assets are classed as growth and defensive below:

  • Growth assets: Australian and international shares, private equity, infrastructure and property, alternatives.
  • Defensive assets: Infrastructure, property, fixed income and cash (such as term deposits).

If you don't want to make a choice, you'll be placed in the Balanced option, which is the authorised MySuper option.

Portfolio Risk level Benchmark asset allocation
Balanced (MySuper)

This is the default option. It invests in more growth assets and aims to deliver consistent, high returns over the long term. It's a MySuper-authorised product designed to suit most members.

Medium to HighGrowth assets: 69%

Defensive assets: 31%

Capital Stable

This portfolio aims for some growth over the medium to long term, but is more focused on protecting your balance with a much higher allocation to defensive assets.

MediumGrowth assets: 36%

Defensive assets: 64%

Conservative Balanced

This option aims for an even split between defensive and growth assets. It offers a bit more growth than the Capital Stable and Capital Guaranteed options, but is still more conservative than the Balanced option.

MediumGrowth assets: 50%

Defensive assets: 50%

Sustainable Balanced

This option has a similar risk level to the default Balanced option, however its investments are selected based on a higher degree of focus on environmental, social and governance (ESG) standards.

Medium to HighGrowth assets: 69%

Defensive assets: 31%

Alternative Growth

This portfolio invests in more growth assets than defensive assets, but it has a higher allocation towards alternative investments such as infrastructure and private equity.

Medium to HighGrowth assets: 69%

Defensive assets: 31%

Growth

This is the highest risk option and invests heavily in Australian and international shares. More than 80% of your balance will be invested in growth assets. It's designed for members with a longer investment timeframe of at least 7-10 years.

HighGrowth assets: 83%

Defensive assets: 17%

Option 2: Sector investment options

If you want to be more hands-on and create your own investment mix, you can put together your own portfolio using a mix of these single asset class options.

  • Overseas Shares
  • Australian Shares
  • Direct Property
  • Fixed Interest
  • Cash
  • Capital Guaranteed

What insurance cover is available with CareSuper?

Members will be eligible for the following insurance cover automatically when joining (you'll receive a basic level of cover to start with):

  • Death. This is paid to your beneficiary (usually your spouse or a member of your immediate family) in the event of your unexpected death.
  • Total and permanent disability (TPD). This is paid to you in the event you become disabled and can no longer work again.
  • Income Protection. This is in the even that you're injured and cannot work for a period of time.

You can increase, reduce or cancel your cover altogether at any time after joining the fund. You also have the option of adding income protection insurance and life insurance cover at any point.

How do I join CareSuper?

You don't need to work in the professional services industry to join CareSuper, anyone is able to join online. The application process is simple and should take you less than 20 minutes to complete.

As well as your full name and date of birth, make sure you have the following details handy before you start the application:

  • Your Australian residential address
  • Your phone number and email address
  • Your tax file number (TFN)
  • Your chosen investment option and insurance cover
  • Details of your existing super fund if you'd like to consolidate your funds during the application process

Once your application has been completed successfully, you'll receive your membership details by email.

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