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Fund profiles
| CareSuper |
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Overview:
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CareSuper is the industry super fund for people in professional, managerial, administrative and service occupations across many industries. It is the choice of super fund for more than 200,000 members and 30,000 employers across Australia. The fund has delivered strong investment performance since inception. Members can select from 13 investment options, including an ASX 200 option. The death, TPD & IP arrangements are very competitive, providing members with cost-effective and flexible insurance solutions. Advice is also available via our inhouse financial planning services. Extra benefits include access to low-cost banking and health insurance services. The CareSuper Pension product allows members to convert their accumulated benefit into a regular income stream. |
| Year of Establishment: |
1986 |
| Value of Funds: |
$3.5 billion |
| Key Features: |
- CareSuper has a proven investment process that delivers strong, long-term investment performance.
- Members can select from 13 investment options including an ASX 200 option.
- Members pay $1.50 per week administration fee account-keeping fee and a 0.2% p.a. administration fee (capped at $500 p.a.).
- Flexible death & TPD insurance cover that includes Unit-based or Fixed cover with General, Office and Professional scales. Income protection is also available.
- Administration services that provide flexible superannuation solutions including e-business, clearing house and BPAY facilities.
- CareSuper conducts regular workplace and public education seminars. Members can also acce the Knowledge Centre at the CareSuper website at caresuper.com.au
- Web-based facilities enable members to manage their account online.
- Ancillary services include financial planning services, general insurance, low-cost banking products and health insurance.
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| Administrator: |
Australian Administration Services P/L |
| Auditor: |
Ernst & Young |
| Custodian: |
National Australia Bank |
| Asset Consultant: |
JANA Investment Advisors P/L |
| Insurer: |
CommInsure |
| INVESTMENT OPTIONS |
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| Capital Guaranteed |
To exceed increases in the inflation rate by at least 1% p.a. over rolling 5 year periods (Very Low Risk) |
| Capital Stable |
To exceed increases in the inflation rate by at least 2% p.a. over rolling 5 year periods (Low Risk) |
| Conservative Balanced |
To exceed increases in the inflation rate by at least 2.5% p.a. over rolling 5 year periods (Low to Moderate Risk) |
| Balanced |
To exceed increases in the inflation rate by at least 3% p.a. over rolling 5 year periods (Moderate Risk) |
| Sustainable Balanced |
To exceed increases in the inflation rate by at least 3% p.a. over rolling 5 year periods (Moderate Risk) |
| Alternative Growth |
To exceed increases in the inflation rate by at least 4% p.a. over rolling 5 year periods (High Risk) |
| Growth |
To exceed increases in the inflation rate by at least 4% p.a. over rolling 5 year periods (High Risk) |
| Capital Secure |
To achieve returns at least in line with increases in the inflation rate (Low Risk) |
| Fixed Interest |
To exceed increases in the inflation rate by at least 2% p.a. over rolling 5 year periods (Moderate Risk) |
| Direct Property |
To exceed increases in the inflation rate by at least 4% p.a. over rolling 5 year periods (Moderate Risk) |
| Australian Shares |
To exceed increases in the inflation rate by at least 5% p.a. over rolling 5 year periods (High Risk) |
| Overseas Shares |
To exceed increases in the inflation rate by at least 5% p.a. over rolling 5 year periods (High Risk) |
| ASX200 |
To provide long term growth by investing directly in the Australian Share market (High Risk) |
Investment Performance
(crediting rates) |
Growth Asset Weighting |
Performance to 31 May 2010 |
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|
1yr |
3yr |
5yr |
| Capital Guaranteed |
n/a |
2.72% |
4.57% |
5.25% |
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Capital Stable |
35/65% |
9.90% |
1.92% |
5.01% |
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Conservative Balanced |
50/50% |
10.83% |
0.69% |
- |
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Balanced |
75/25% |
12.24% |
-1.55% |
4.48% |
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Sustainable Balanced |
75/25% |
11.34% |
-2.61% |
- |
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Alternative Growth |
85/15% |
12.34% |
-0.84% |
5.11% |
| Growth |
90/10% |
12.32% |
-2.94% |
4.46% |
| Capital Secure |
0% |
13.66% |
3.93% |
5.10% |
| Fixed Interest |
0% |
4.26% |
6.08% |
5.54% |
| Direct Property |
100% |
9.35% |
0.80% |
6.48% |
| Australian Shares |
100% |
-1.39% |
-5.12% |
2.26% |
| Overseas Shares |
100% |
19.28% |
-5.57% |
5.21% | |
| Insurance Available: |
Death, Death / TPD, Health, Income Protection. |
| Extra Benefits: |
Business Loans, Financial Planning, Financial Seminars, Home Loans, Non-super Savings Options, Online Account Details, Online Transactions, Retirement Planning. |
| Communications: |
Employer Reports, Member Reports, Newsletters, Investment guide, e-newsletters, Publications and Monthly Investment Performance available on the website. |
| Employer Services: |
CareSuper offers online transaction capability, clearing house and BPAY options. Client Partnership Managers are available to assist employers. Employers can also utilise low cost banking services via Members Equity Bank. |
| FEES |
| Management Cost - member fee ($ per week / annum) |
$1.50 per week + asset-based fee 0.2% capped at $500 p.a. |
| Management Cost - investment fee (% p.a.) |
0.15% to 1.44% |
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