As at 30 June 2024
Returns over the last 10 years1
Suggested timeframe
Fees2 + admin fees and costs
Suitable if you're an investor who:
You should expect this option to experience a negative annual return less than 0.5 times in any 20 years. The risk level is based on the standard risk measure (SRM).
| Aims for returns above the Bloomberg AusBond Bank Bill Index performance benchmark. |
| Super assets: | $3.5 billion |
| Pension assets: | $1 billion |
As at 30 June 20241
Our Cash option returned 1.2% after tax and fees over the June quarter of 2024. Over 1, 3, and 5 years the option has returned 4.3%, 2.5% and 1.8% p.a. respectively.
In the June 2024 SuperRatings survey of options with a similar asset allocation, the Cash option has exceeded the median return over all time periods.
| Accumulation accounts | Retirement Income accounts | |
|---|---|---|
| 10 years (p.a.) | 1.99% | 2.33% |
| 7 years (p.a.) | 1.87% | 2.19% |
| 5 years (p.a.) | 1.83% | 2.14% |
| 3 years (p.a.) | 2.47% | 2.90% |
| 1 year | 4.28% | 5.00% |
| 3 months | 1.18% | 1.36% |
Past performance isn't a reliable indicator of future performance. Returns shown are after investment fees and costs, transaction costs and investment taxes (where relevant) but before all other fees and costs. Returns shown here for our Accumulation account are also the returns that apply for TTR income accounts. Tax doesn't generally apply to investment earnings on Retirement Income accounts
| Strategic asset allocation3 | |
|---|---|
|
Australian shares
|
0% |
|
International shares
|
0% |
|
Fixed Income
|
0% |
|
Unlisted Assets and Alternatives
|
0% |
|
Cash
|
100% |
| Total | 100% |
As at 30 June 2024
The Cash option’s primary objective is to invest with a focus on maintaining liquidity and a good credit quality and is expected to continue to deliver very stable returns at a margin above the Bloomberg AusBond Bank Bill Index. The Cash option’s returns are derived from bank deposits and short-term money market securities.
We'll continue to allocate a substantial portion of the Cash option to term deposits with approved deposit–taking institutions across a range of maturities up to one year, thus enhancing returns to members while ensuring reliable liquidity and flexibility to take advantage of opportunities in a judicious fashion. The RBA has indicated it may be willing to raise rates further in response to stubbornly high inflation and money market rates have risen in response. Moreover, any reduction in cash rates may not occur until 2025. We will look to take advantage of any significant rise in money market rates to lock-in higher returns for our members.
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