Issued by; CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226 RSE L0000956 CARE Super (Fund) ABN 98 172 275 725
Disclaimer: The information contained in this Annual Report is about CARE Super and is not intended as financial advice. It does not take into account specific needs, so you should look at your own personal position, objectives and requirements before taking any action. Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. For a copy of the CARE Super Trust Deed (the legal document governing superannuation benefits in the fund), Financial Statements for the Trustee and the Fund or the Investment Policy Statements please go to our website. You can also ask for a copy to be sent to you. You should also obtain and read the Product Disclosure Statement before making any investment decision. If you would like to see these documents, please go to caresuper.com.au or call 1300 360 149.
Our managers
We use a combination of in-house experts and external fund managers to manage our members’ super.
Here’s a list of our managers, arranged by asset class, as well as the value of funds held by each and the percentage of CareSuper’s total assets each holding represented at 30 June 2018 and 30 June 2017.
Scroll to see the complete table
| CareSuper's investment managers during 2017/18 | Investments held by managers | |||
| 2018 | 2017 | |||
| $m | % of Fund |
$m | % of Fund |
|
| Absolute Return | ||||
| BNP Absolute Return Fixed Interest Trust | 272.81 | 1.83% | 260.44 | 1.99% |
| GAM Absolute Return Bond Fund | 263.34 | 1.76% | 259.64 | 1.99% |
| Insight Absolute Return Bond Fund | 264.03 | 1.77% | 258.44 | 1.98% |
| Wellington Global Total Return | 234.70 | 1.57% | 226.02 | 1.73% |
| Total | 1,034.88 | 6.93% | 1,004.54 | 7.69% |
| Australian Shares | ||||
| Airlie Australian Equities1 | 232.01 | 1.55% | 0.00 | 0.00% |
| IFM Enhanced Index Equities | 726.99 | 4.87% | 742.55 | 5.69% |
| Ophir High Conviction Australian Equities | 105.62 | 0.71% | 64.38 | 0.49% |
| Ophir Opportunities Fund | 75.31 | 0.50% | 54.96 | 0.42% |
| Optar Australian Equities1 | 42.50 | 0.28% | 0.00 | 0.00% |
| Paradice Investment Management Large Caps | 725.71 | 4.86% | 581.04 | 4.45% |
| Perennial Value Management2 | 0.00 | 0.00% | 528.20 | 4.04% |
| Renaissance Smaller Companies | 149.40 | 1.00% | 120.93 | 0.93% |
| Schroder Australian Equities | 696.76 | 4.67% | 612.80 | 4.69% |
| Ubique Australian Equities1 | 547.86 | 3.67% | 0.00 | 0.00% |
| Total | 3,302.16 | 22.11% | 2,704.86 | 20.71% |
| Capital Guaranteed | ||||
| AMP Guaranteed Savings Account3 | 79.53 | 0.53% | 76.94 | 0.59% |
| Total | 79.53 | 0.53% | 76.94 | 0.59% |
| Cash | ||||
| Colonial First State Australian Cash | 899.15 | 6.02% | 1,001.17 | 7.67% |
| Term Deposits | 699.56 | 4.68% | 398.97 | 3.06% |
| Total | 1,598.71 | 10.71% | 1,400.14 | 10.72% |
| Credit | ||||
| Apollo Credit Fund | 164.87 | 1.10% | 152.36 | 1.17% |
| Barings Multi Strategy Credit | 303.60 | 2.03% | 199.84 | 1.53% |
| HayFin Direct Lending Fund | 16.92 | 0.11% | 52.49 | 0.40% |
| HayFin Direct Lending Fund II | 73.38 | 0.49% | 34.88 | 0.27% |
| IFM Infrastructure Debt | 38.71 | 0.26% | 63.01 | 0.48% |
| Shenkman Capital Bank Loans | 280.75 | 1.88% | 243.89 | 1.87% |
| Total | 878.22 | 5.88% | 746.47 | 5.72% |
| Direct Property | ||||
| Charter Hall Prime Office Fund | 365.80 | 2.45% | 287.55 | 2.20% |
| DEXUS Wholesale Property Fund | 688.83 | 4.61% | 634.42 | 4.86% |
| Eureka Development Fund No. 24 | 0.01 | 0.00% | 0.01 | 0.00% |
| ISPT Core Fund | 587.81 | 3.94% | 522.12 | 4.00% |
| ISPT Development & Opportunities Fund No. 2 | 4.80 | 0.03% | 5.20 | 0.04% |
| ISPT International Property Trust4 | 0.02 | 0.00% | 0.06 | 0.00% |
| ISPT Retail Australia Property Trust | 147.43 | 0.99% | 123.02 | 0.94% |
| Lend Lease Australian Prime Property Fund Retail | 38.86 | 0.26% | 36.96 | 0.28% |
| Total | 1,833.56 | 12.28% | 1,609.35 | 12.32% |
| Fixed Interest | ||||
| Franklin Templeton Global Aggregate Bond Fund | 109.40 | 0.73% | 109.84 | 0.84% |
| IFM Specialised Credit Fund | 144.62 | 0.97% | 137.86 | 1.06% |
| Janus Henderson Australian Fixed Interest | 209.67 | 1.40% | 202.59 | 1.55% |
| Brandywine Global Fixed Income Fund | 207.12 | 1.39% | 205.44 | 1.57% |
| ME Bank Super Loans Trust | 1.50 | 0.01% | 2.61 | 0.02% |
| UBS Australian Fixed Interest | 173.87 | 1.16% | 167.81 | 1.29% |
| Total | 846.18 | 5.67% | 826.16 | 6.33% |
| Infrastructure | ||||
| AMP Capital Infrastructure Equity Fund | 249.23 | 1.67% | 195.88 | 1.50% |
| Antin Infrastructure Fund | 6.08 | 0.04% | 6.68 | 0.05% |
| Antin Infrastructure Fund III | 26.55 | 0.18% | 0.47 | 0.00% |
| Hastings Utilities Trust Of Australia | 290.58 | 1.95% | 285.21 | 2.18% |
| IFM Australian Infrastructure Fund | 271.54 | 1.82% | 243.81 | 1.87% |
| Macquarie Global Infrastructure Fund II | 39.74 | 0.27% | 28.39 | 0.22% |
| Total | 883.72 | 5.92% | 760.44 | 5.82% |
| Overseas Shares | ||||
| Antipodes Partners Global Equity | 562.61 | 3.77% | 302.32 | 2.32% |
| Baillie Gifford Long Term Global Growth | 351.42 | 2.35% | 313.69 | 2.40% |
| MFS Global Equity Trust | 902.14 | 6.04% | 925.34 | 7.09% |
| Neuberger Berman Emerging Markets | 245.28 | 1.64% | 214.63 | 1.64% |
| Orbis Global Equity Fund | 471.94 | 3.16% | 411.15 | 3.15% |
| Schroder Global Dynamic Blend | 510.72 | 3.42% | 467.79 | 3.58% |
| Stewart Investors Global Emerging Markets | 226.40 | 1.52% | 204.87 | 1.57% |
| Wellington Global Contrarian Equity | 416.06 | 2.79% | 372.42 | 2.85% |
| Total | 3,686.56 | 24.69% | 3,212.20 | 24.60% |
| Private Equity | ||||
| Advent Private Capital V | 1.56 | 0.01% | 3.45 | 0.03% |
| Bain Capital Fund IX | 2.31 | 0.02% | 2.82 | 0.02% |
| Coller International Partners V | 1.23 | 0.01% | 1.65 | 0.01% |
| HarbourVest Co-Investment Opportunities Fund1 | 10.15 | 0.07% | 0.00 | 0.00% |
| HarbourVest Partners IV | 77.23 | 0.52% | 39.72 | 0.30% |
| Highland Credit Opportunities Fund | 4.70 | 0.03% | 5.57 | 0.04% |
| IFM Australian Private Equity Fund III | 0.71 | 0.00% | 1.27 | 0.01% |
| IFM Australian Private Equity Fund IV | 3.96 | 0.03% | 5.20 | 0.04% |
| IFM International Private Equity Fund I | 0.19 | 0.00% | 0.67 | 0.01% |
| IFM International Private Equity Fund II | 3.94 | 0.03% | 5.74 | 0.04% |
| IFM International Private Equity Fund III | 40.26 | 0.27% | 42.86 | 0.33% |
| Industry Super Holdings Pty Ltd | 29.75 | 0.20% | 16.53 | 0.13% |
| LGT Crown Europe Middle Market II | 26.43 | 0.18% | 28.97 | 0.22% |
| LGT Crown Global Secondaries II | 9.50 | 0.06% | 13.27 | 0.10% |
| Members Equity Bank Pty Ltd | 42.74 | 0.29% | 28.41 | 0.22% |
| Partners Group Direct Investments 2012 | 100.37 | 0.67% | 98.68 | 0.76% |
| Partners Group Direct Investments 2016 | 51.62 | 0.35% | 26.99 | 0.21% |
| Partners Group Secondary 2008 | 6.80 | 0.05% | 9.89 | 0.08% |
| Partners Group Secondary 2011 | 79.52 | 0.53% | 86.75 | 0.66% |
| Siguler Guff Collins Fund1 | 19.05 | 0.13% | 0.00 | 0.00% |
| Siguler Guff Distressed Opportunities IV | 52.39 | 0.35% | 62.79 | 0.48% |
| Siguler Guff Small Buyout Opportunities Fund II | 94.03 | 0.63% | 86.32 | 0.66% |
| Siguler Guff Small Buyout Opportunities Fund III1 | 22.51 | 0.15% | 0.00 | 0.00% |
| Stafford International Timberland VI | 20.01 | 0.13% | 20.74 | 0.16% |
| Warakirri International Hedge Equity Fund5 | 0.00 | 0.00% | 0.03 | 0.00% |
| Wilshire Private Markets | 18.81 | 0.13% | 19.86 | 0.15% |
| Wilshire Private Markets Asia No. 2 | 1.96 | 0.01% | 1.94 | 0.01% |
| Total | 721.74 | 4.83% | 610.08 | 4.67% |
| Sustainable Australian Shares | ||||
| AMP Capital Sustainable Share Fund | 31.49 | 0.21% | 28.06 | 0.21% |
| Total | 31.49 | 0.21% | 28.06 | 0.21% |
| Sustainable Overseas Shares | ||||
| Candriam Sustainable Global Equity Fund | 36.81 | 0.25% | 33.24 | 0.25% |
| Total | 36.81 | 0.25% | 33.24 | 0.25% |
| 14,933.57 | 13,012.49 | |||
1 Appointed/added during 2017/18.
2 Terminated during 2017/18.
3 Accumulation assets are invested in the AMP Guaranteed Savings Account (Superannuation) and Pension assets are invested in the AMP Guaranteed Savings Account (Pension).
4 Investment being wound down. Small residual balance remaining.
5 Investment wind down complete. All distributions received.
TGM is CareSuper's currency hedging and asset allocation (rebalancing) manager.
Percentages may not sum to totals shown due to rounding.