You can use the dashboard to compare the Growth (Cbus MySuper) investment option with MySuper products offered by other funds.
Growth (Cbus MySuper) was launched on 1 October 2013 when our default option was renamed from Growth (Cbus Choice). The performance history includes the period before the MySuper launch.
The information shown in the dashboard is based on a representative member with an assumed balance of $50,000.
For more information on how to choose the right MySuper fund for you, go to the ASIC MoneySmart website.
|10-year average return of 7.08% per year as at 30 June 2018||
From 1 October 2018, the return target is 3.6% above inflation, after fees and taxes.
The previous return target for 2017/18 was 4.75% per year above inflation, after fees and taxes.
Future returns cannot be guaranteed.
*Note the Return Target from 1 October 2018 is CPI + 3.6%.
|Level of investment risk
||Statement of fees and other costs|
Medium to high
Negative returns expected in 3 out of every 20 years
$538 per year
|Negative returns may occur more or less frequently than expected. The higher the expected return target, the more often you would expect a year of negative returns.||Fees and costs for a member with a $50,000 balance. Different account balances will have an effect on fees and costs.|
For more information, please see the risk level page.
The return on prior years is the time-weighted rate of return on investments for the Growth (Cbus MySuper) option, minus investment and administration fees, costs and taxes for a representative member. The figure is shown as an annual percentage earned over 1 year and as a rolling 10-year average.
This return calculation is different to the crediting rate used to allocate earnings to your account. The crediting rate is not reduced by the weekly administration fee, as this fee is deducted directly from your account.
Below are the figures for our 1-year returns net of fees and taxes:
|Year ending||1 year net return (%)|
|30 June 2018||10.79|
|30 June 2017||11.69|
|30 June 2016||5.31|
|30 June 2015||9.89|
|30 June 2014||13.74|
|30 June 2013||15.99|
|30 June 2012||1.44|
|30 June 2011||8.54|
|30 June 2010||8.87|
|30 June 2009||-12.50|
This is a member with a $50,000 balance at the end of each financial year.
The return target is the mean (average) estimate of return above the growth in the consumer price index (CPI). It is calculated as a 10-year annual average.
As this figure is based on the mean, we expect to meet or exceed the 10-year rolling return target roughly 50% of the time. Statistically, this means that roughly 50% of all rolling 10-year periods may have a return that is below the return target over the very long term.
Obtaining a return that is equal to the return target is not guaranteed. The return target is an estimate. We do not guarantee this will be reached.
The method to calculate a return target is prescribed by MySuper legislation, and is intended as a way to compare different MySuper funds. It is not the Growth (Cbus MySuper) option’s investment objective.
The investment objective is CPI + 3.25% and we estimate this can be expected to be met or exceeded roughly 75% of the time. That is, we expect the returns would reach the investment objective more frequently than the return target.
Consumer Price Index (CPI)
CPI is a measure of inflation reported by the Australian Bureau of Statistics.
Statement of fees and other costs
This is the sum of the administration fee (the account keeping fee of $1.50 a week and the Trustee Operating Cost) and the investment fee for a member with a $50,000 balance, based on the 2018 financial year.
General advice warning
This information is about Cbus. It doesn’t take into account your specific needs, so you should look at your own financial position, objectives and requirements before making any financial decisions.
To decide whether Cbus is right for you, read the relevant Cbus Product Disclosure Statement in forms and publications.
You can also request a copy by calling Cbus on 1300 361 784.
Past performance is not a reliable indicator of future performance