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 2019||6.83|
|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|
This is a member with a $50,000 balance at the end of each financial year.
Cbus MySuper dashboard
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.
Investment update - How Cbus builds diversified investment options
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 2019 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