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Catholic Super performance and fees
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The information in the table is based on data provided by Zenith CW Pty Ltd, ABN 20 639 121 403 (Chant West) unless indicated otherwise.
*Past performance data is for period ending June 2023 and fee data is updated monthly.
Key features of Catholic Super
Designed for those working in Catholic education. Catholic Super is an industry fund originally created for those working in the catholic education sector, however it is now open to everyone to join.
Default insurance options. Eligible members will get default insurance cover when joining the fund with no medical exams.
MySuper product. There are two investment options which are authorised MySuper products, and you'll be placed in one according to your age if you don't make your own investment choice.
Pre-mixed investment options. Instead of going with the default MySuper option, members can choose between a range of different pre-mixed investment options that each have a different risk level and asset allocation.
Ethical option. One of the pre-mixed investment options, PositiveIMPACT, has an ethical investment focus.
Catholic Super pre-mixed investment options
Members can choose between these pre-mixed, diversified investment options depending on the level of risk you want to take on.
Investment option
Risk level
Target asset allocation
RetireStable
This portfolio has a low level of exposure to shares and property, and is designed for members close to or in retirement.
Medium
Growth assets: 33%
Defensive assets: 67%
RetirePlus
This portfolio is also designed for members close to or in retirement, or members with a low risk tolerance. However, it has a bit more exposure to growth assets like shares than the RetireStable option.
Medium
Growth assets: 51%
Defensive assets: 49%
Conservative
This option has the lowest level of investment risk and invests largely in fixed interest and cash. It's designed for members looking to protect their balance, with some growth over the medium term.
Medium
Growth assets: 30%
Defensive assets: 70%
Balanced
This option aims for a balance between capital growth and capital stability, with an even split between growth and defensive assets. It aims to achieve growth with less volatility.
Medium to High
Growth assets: 51%
Defensive assets: 49%
Balanced Plus
This option has a slightly higher allocation towards growth assets including shares compared to the Balanced option.
Medium to High
Growth assets: 56%
Defensive assets: 44%
Balanced Growth (MySuper)
This is the default investment option designed to suit most members over the age of 51. It's where you'll be invested if you don't make an investment preference and you're aged 51 or older.
High
Growth assets: 65%
Defensive assets: 35%
Growth
This option aims for growth over the medium to long term by investing more heavily in Australian and international shares.
High
Growth assets: 84%
Defensive assets: 16%
Growth Plus (MySuper)
This is the default investment option for members under 51, unless you choose otherwise. It is the highest risk option and aims for better long term growth, with more investment in shares and property.
High
Growth assets: 88%
Defensive assets: 12%
PositiveIMPACT
This option sits between the Balanced Growth (MySuper) and Growth Plus (MySuper) options in terms of risk level. What's different about this option is that it invests in companies with a focus on the environment.
High
Growth assets: 78%
Defensive assets: 22%
Sector investment options
If you want more control over super, you can put together your own investment mix using one or more of the following individual sector options.
Australian Shares
Overseas Shares
Property
Diversified Fixed Interest
Cash
Catholic Super default insurance cover
Eligible members will receive the following default insurance cover when joining:
Death: This cover provides a lump sum payment to your nominated beneficiaries in the event of your death.
Total and Permanent Disablement (TPD): This cover provides a lump sum payment to you in the event that you become permanently disabled.
Income Protection: This cover is paid out in the even you can't work and lose your income.
You'll get a default, basic level of cover for the above insurances, however you can apply to increase your level of cover at any time if you think it's the right choice for you. You can also opt out of all insurance cover all together.
How to join Catholic Super
You can join online by completing the application form on Catholic Super's website. The application form should take you around 10-20 minutes to complete, and you'll need to provide the following bits of information:
Your full name, date of birth and contact information
Your Australian residential address
Your phone number and email address
Your tax file number (TFN)
Your chosen investment option (if you want to invest in something other than the default option) and insurance cover
Details of your existing super fund if you'd like to consolidate your super
Once your application has been completed successfully, you'll receive your membership details by email. You can then give these to your employer so they can start paying your superannuation guarantee payments into your new fund.
Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds.
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