CareSuper

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.

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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.

Name Product 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 Capital Stable

CareSuper Capital Stable
+8.22%
+4.52%
+5.22%
+5.98%
$388

CareSuper Direct Property

CareSuper Direct Property
+7.5%
+5.81%
+8.57%
+8.75%
$503

CareSuper Conservative Balanced

CareSuper Conservative Balanced
+11.4%
+5.59%
+6.55%
+7.06%
$413

CareSuper Growth

CareSuper Growth
+21.32%
+8.97%
+10.41%
+10.07%
$608

CareSuper Overseas Shares

CareSuper Overseas Shares
+29.47%
+12.85%
+13.81%
+13.22%
$458

CareSuper Balanced

CareSuper Balanced
+17.49%
+7.96%
+9.13%
+9.13%
$608

CareSuper Fixed Interest

CareSuper Fixed Interest
+1.15%
+3.02%
+2.59%
+4.39%
$298

CareSuper Australian Shares

CareSuper Australian Shares
+27.82%
+8.79%
+11.36%
+9.53%
$418
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The information in the table is based on data provided by Chant West Pty Ltd (AFSL 255320) which is itself supplied by third parties. While such information is believed to be accurate, Chant West does not accept responsibility for any inaccuracy in such information. Chant West’s Financial Services Guide is available at https://www.chantwest.com.au/financial-services-guide . Finder offers no guarantees or warranties about the data and we recommend that users make their own enquiries before relying on this information. Performance, fees and insurance data is based on each fund's default MySuper product. Where the performance, fees and insurance data for the MySuper fund vary according to the member's age, results for individuals between 40-49 years of age have been shown. Past performance is not a reliable indicator of future performance.

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 13 investment options. Choose between 7 pre-mixed investment portfolios or 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 Guaranteed

This is the lowest risk portfolio option, with 100% allocation to defensive assets. It's designed for members in retirement.

Very LowDefensive assets: 100%
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: 35%

Defensive assets: 65%

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: 68%

Defensive assets: 32%

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

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.

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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