CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226 RSE L0000956 CARE Super (Fund) ABN 98 172 275 725
Disclaimer: This Annual Report is issued by the Trustee of CARE Super, CARE Super Pty Ltd ABN 91 006 670 060, the holder of Australian Financial Services Licence 235226.
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 members should look at their 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. The Trust Deed is the legal document governing your superannuation benefit. Other information about CARE Super: a copy of the Trust Deed, Investment Policy Statement, the Fund’s audited accounts are available upon request. 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 the CareSuperLine on 1300 360 149.
Investment options
Investment options as at 30 June 2017
Super
Capital Guaranteed
Investment objectives
- To achieve returns after tax and fees that exceed the inflation rate (as measured by the Consumer Price Index [CPI]) by at least 0.5% per year over rolling 10-year periods.
- To provide a full guarantee on capital and credited accrued interest.
- To provide 'smooth' returns which iron out market fluctuations and are never negative.
Asset classes
Benchmark and ranges at 30 June 2017
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places. Special note: It is the Trustee's intention that this option will be invested in the AMP Guaranteed Savings Account, managed by AMP Life Limited (AMP). AMP guarantees that capital and credited accrued interest will not be reduced by negative investment returns. The asset allocation is determined by AMP. From time to time, funds may be invested in the term deposits of Authorised Deposit Taking Institutions. For liquidity purposes, the Trustee may hold a small allocation in cash.
Capital Stable
Investment objectives
- To achieve returns after tax and fees that exceed the inflation rate (as measured by the CPI) by at least 2% per year over rolling 10-year periods.
- To ensure as far as possible that the investment return members receive each year is competitive with comparable options in other super funds.
Asset classes
Benchmark and ranges at 30 June 2017
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places.
Conservative Balanced
Investment objectives
- To achieve returns after tax and fees that exceed the inflation rate (as measured by the CPI) by at least 2.5% per year over rolling 10-year periods.
- To ensure as far as possible that the investment return members receive each year is competitive with comparable options in other super funds.
Asset classes
Benchmark and ranges at 30 June 2017
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places.
Sustainable Balanced
Investment objectives
- To achieve returns after tax and fees that exceed the inflation rate (as measured by the CPI) by at least 3% per year over rolling 10-year periods.
- Within the Australian and overseas shares asset classes, to favour industries and companies that are expected to achieve sound investment returns, maintain good social and/or environmental records and have a sustainable future.
Asset classes
Benchmark and ranges at 30 June 2017
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places.
Balanced (MySuper)
Investment objectives
- To achieve returns after tax and fees that exceed the inflation rate (as measured by the CPI) by at least 3% per year over rolling 10-year periods.
- To ensure as far as possible that the investment return members receive each year is competitive with comparable options in other super funds.
Asset classes
Benchmark and ranges at 30 June 2017
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.
Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places.
Alternative Growth
Investment objectives
- To achieve returns after tax and fees that exceed the inflation rate (as measured by the CPI) by at least 3.5% per year over rolling 10-year periods.
- To produce a less volatile return profile than the Growth option by investing a significant component of the portfolio in alternative investments.
Asset classes
Benchmark and ranges at 30 June 2017
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places.
Growth
Investment objectives
- To achieve returns after tax and fees that exceed the inflation rate (as measured by the CPI) by at least 4% per year over rolling 10-year periods.
- To ensure as far as possible that the investment return members receive each year is competitive with comparable options in other super funds.
Asset classes
Benchmark and ranges at 30 June 2017
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places.
Capital Secure
Investment objectives
- To outperform the return of the Australian cash market (as measured by the UBS Bank Bill Index).
- To achieve returns after tax and fees at least in line with the inflation rate (as measured by the CPI) over rolling 10-year periods.
Asset classes
Benchmark and ranges at 30 June 2017
* Cash or short-term money market instruments
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places.
Fixed Interest
Investment objectives
- To outperform the return of a mix of the Australian and overseas bond markets (as measured by a benchmark consisting of the Bloomberg AusBond Composite Bond Index and the Barclays Capital Global Aggregate Index [hedged]).
- To achieve returns after tax and fees that exceed the inflation rate (as measured by the CPI) by at least 0.5% per year over rolling 10-year periods.
Asset classes
Benchmark and ranges at 30 June 2017
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places.
Direct Property
Investment objectives
- To outperform the return of the Australian direct property market (as measured by the Mercer Australian Unlisted Property Index [pre-tax]).
- To achieve returns after tax and fees that exceed the inflation rate (as measured by the CPI) by at least 3% per year over rolling 10-year periods.
Asset classes
Benchmark and ranges at 30 June 2017
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places.
Pension
Capital Guaranteed
Investment objectives
- To achieve returns after tax and fees that exceed the inflation rate (as measured by the Consumer Price Index [CPI]) by at least 0.5% per year over rolling 10-year periods.
- To provide a full guarantee on capital and credited accrued interest.
- To provide 'smooth' returns which iron out market fluctuations and are never negative.
Asset classes
Benchmark and ranges at 30 June 2017
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places. Special note: It is the Trustee's intention that this option will be invested in the AMP Guaranteed Savings Account, managed by AMP Life Limited (AMP). AMP guarantees that capital and credited accrued interest will not be reduced by negative investment returns. The asset allocation is determined by AMP. From time to time, funds may be invested in the term deposits of Authorised Deposit Taking Institutions. For liquidity purposes, the Trustee may hold a small allocation in cash.
Capital Stable
Investment objectives
- To achieve returns after tax and fees that exceed the inflation rate (as measured by the CPI) by at least 2% per year over rolling 10-year periods.
- To ensure as far as possible that the investment return members receive each year is competitive with comparable options in other super funds.
Asset classes
Benchmark and ranges at 30 June 2017
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places.
Conservative Balanced
Investment objectives
- To achieve returns after tax and fees that exceed the inflation rate (as measured by the CPI) by at least 2.5% per year over rolling 10-year periods.
- To ensure as far as possible that the investment return members receive each year is competitive with comparable options in other super funds.
Asset classes
Benchmark and ranges at 30 June 2017
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places.
Sustainable Balanced
Investment objectives
- To achieve returns after tax and fees that exceed the inflation rate (as measured by the CPI) by at least 3% per year over rolling 10-year periods.
- Within the Australian and overseas shares asset classes, to favour industries and companies that are expected to achieve sound investment returns, maintain good social and/or environmental records and have a sustainable future.
Asset classes
Benchmark and ranges at 30 June 2017
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places.
Balanced
Investment objectives
- To achieve returns after tax and fees that exceed the inflation rate (as measured by the CPI) by at least 3% per year over rolling 10-year periods.
- To ensure as far as possible that the investment return members receive each year is competitive with comparable options in other super funds.
Asset classes
Benchmark and ranges at 30 June 2017
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.
Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places.
Alternative Growth
Investment objectives
- To achieve returns after tax and fees that exceed the inflation rate (as measured by the CPI) by at least 3.5% per year over rolling 10-year periods.
- To produce a less volatile return profile than the Growth option by investing a significant component of the portfolio in alternative investments.
Asset classes
Benchmark and ranges at 30 June 2017
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places.
Growth
Investment objectives
- To achieve returns after tax and fees that exceed the inflation rate (as measured by the CPI) by at least 4% per year over rolling 10-year periods.
- To ensure as far as possible that the investment return members receive each year is competitive with comparable options in other super funds.
Asset classes
Benchmark and ranges at 30 June 2017
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places.
Capital Secure
Investment objectives
- To outperform the return of the Australian cash market (as measured by the UBS Bank Bill Index).
- To achieve returns after tax and fees at least in line with the inflation rate (as measured by the CPI) over rolling 10-year periods.
Asset classes
Benchmark and ranges at 30 June 2017
* Cash or short-term money market instruments
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places.
Fixed Interest
Investment objectives
- To outperform the return of a mix of the Australian and overseas bond markets (as measured by a benchmark consisting of the Bloomberg AusBond Composite Bond Index and the Barclays Capital Global Aggregate Index [hedged]).
- To achieve returns after tax and fees that exceed the inflation rate (as measured by the CPI) by at least 0.5% per year over rolling 10-year periods.
Asset classes
Benchmark and ranges at 30 June 2017
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places.
Direct Property
Investment objectives
- To outperform the return of the Australian direct property market (as measured by the Mercer Australian Unlisted Property Index [pre-tax]).
- To achieve returns after tax and fees that exceed the inflation rate (as measured by the CPI) by at least 3% per year over rolling 10-year periods.
Asset classes
Benchmark and ranges at 30 June 2017
Risk Level
to high
Returns history
Compound average returns p.a. for period to 30 June 2017. These returns are calculated after investment fees and taxes.Note: Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Returns have been rounded to two decimal places.
Direct Investment option
CareSuper’s Direct Investment option allows eligible members to invest a proportion of their super in their choice of:
- The securities that form part of the S&P/ASX 300 Index
- A range of exchange-traded funds
- A range of listed investment companies (LICs)
- A range of term deposits.
With a wide variety of available investments, sophisticated online access and up-to-date market information, the Direct Investment option gives members the flexibility to become more actively involved in managing their super. For more information visit caresuper.com.au/DIoption.
Refer to the CareSuper Investment Guide for more information on all of the investment options. For information relating to fees, read Fees and other costs. For all pension investments information read the CareSuper Pension Guide.
