Investment performance results 2023/24
With Cbus Super celebrating its 40th anniversary this year, we are pleased to reflect on the strong long term investment outcomes we have generated for our members, with an average annual return of 8.87%1 since our inception in 1984 and 7.73%1 p.a. over the last 10 years.
Investment markets are rarely smooth sailing, and this year was no different. While we faced into some strong headwinds in the early part of the financial year, when conditions did eventually turn, we made strong headway, with our Growth (MySuper) investment option delivering a healthy 8.35%1 return for 2023/24 financial year.
Our diversified accumulation investment options have also delivered positive results. The High Growth investment option has delivered a 10.85%1 return and Indexed Diversified 11.42%1. Australian Shares returned 11.41%1 and Overseas Shares returned 15.72%1.
For members who watch their super closely, it’s common to see periods of short-term volatility in your returns. Over the last 12 months, these ups and downs were largely attributed to ongoing inflation concerns – the rising costs of living and global events like the conflict in the Middle East. With 40 years of super experience now behind us, we’ve seen plenty of events like these before, and together, we’ve gotten through them.
To learn more about our 2023/24 financial year return, watch our investment update from our Chief Investment Officer, Brett Chatfield.
Investment Performance (%) to 30 June 2024
Growth (MySuper) Investment option
| 1 year | 8.35% |
| 3 years p.a. | 4.34% |
| 5 years p.a. | 6.43% |
| 10 years p.a. | 7.73% |
| 15 years p.a. | 8.40% |
| 20 years p.a. | 7.64% |
| Since inception | 8.87% |
1 As at 30 June 2024. The returns are based on the crediting rate, which is the return minus investment fees, taxes, and until 31 January 2020, the percentage-based administration fee. Excludes fees and costs that are deducted directly from members’ accounts. The Growth (MySuper) investment option since inception date is 1 July 1984. Past performance is not a reliable indicator of future performance.
Disclaimer
United Super Pty Ltd ABN 46 006 261 623 AFSL 233792 as Trustee for the Construction and Building Unions Superannuation Fund ABN 75 493 363 262 offering Cbus Super products (Cbus and/or Cbus Super). Use of `us’, `we’, `our’ or `the Trustee’ is a reference to United Super Pty Ltd. Use of ‘Fund’ refers to the Construction and Building Unions Superannuation Fund.
This information is about the products offered by the Trustee and is general in nature. It does not take into account your specific needs, so you should look at your own financial position, objectives and requirements before making any financial decisions. Read the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) to decide which product is right for you on the Cbus website. Past performance is not an indicator of future performance.