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.
We currently don't have that product, but here are others to consider:
How we picked these
The information in this table is based on data provided by SuperRatings Pty Limited ABN 95 100 192 283, a Corporate Authorised Representative (CAR No.1309956) of Lonsec Research Pty Ltd ABN 11 151 658 561, Australian Financial Services Licence No. 421445. In limited instances, where data is not available from SuperRatings for a product, the data is provided directly by the superannuation fund.
*Past performance data and fee data is for the period ending December 2024
You can choose from a range of pre-mixed investment portfolios, or build your own portfolio with the single sector options.
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:
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 High | Growth 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. | Medium | Growth 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 option, but is still more conservative than the Balanced option. | Medium | Growth 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 High | Growth 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 High | Growth 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. | High | Growth 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.
Members will be eligible for the following insurance cover automatically when joining (you'll receive a basic level of cover to start with):
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.
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:
Once your application has been completed successfully, you'll receive your membership details by email.
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