Investment options

On 1 November 2024, the former CARE Super fund (ABN 98 172 275 725) merged into Spirit Super and the investment options in the merged fund were aligned with the former CARE Super fund investment options (other than the Long-term option (Managed Income only)). The figures on this page that relate to the period before 1 November 2024 reflect the performance for the corresponding former CARE Super fund investment options only (other than the Long-term option (Managed Income only)). Investment performance history for the Spirit Super investment options before 1 November 2024 can be viewed here.

Spirit Super investment performance history

No two CareSuper members are the same.

That's why we offer a range of different investment options, each with different return targets and levels of investment risk, plus a Direct Investment option.
This variety lets you mix and match your investments to suit you own goals. 

Super investment options

Pre-mixed options

Balanced

This option invests in a diversified mix of assets with an emphasis on Australian and overseas shares, property and infrastructure.

More details
7.62% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
70% Growth
30% Defensive

Growth

This option mainly invests in growth assets with an emphasis on Australian and overseas shares.

More details
8.45% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
83% Growth
17% Defensive

Alternative Growth

This option invests in a diversified mix of assets with an emphasis on infrastructure and credit as well as Australian and overseas shares.

More details
7.34% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
70% Growth
30% Defensive

Sustainable Balanced

This option invests in a diversified mix of assets. The external investment managers within the Australian and overseas shares asset classes for this option aim to exclude direct investments in certain listed companies (through negative screening), and also consider positive environmental and social themes when selecting certain investments.

More details
7.52% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
70% Growth
30% Defensive

Conservative Balanced

This option is designed to achieve a balance of risk and return by investing in a blend of assets, with an emphasis on fixed interest, cash and shares (Australian and overseas).

More details
5.63% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
50% Growth
50% Defensive

Capital Stable

This option invests in a diversified mix of assets, with an emphasis on fixed interest and cash. It’s designed to provide stability of capital over the medium term combined with the prospect for limited capital growth.

More details
4.58% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
36% Growth
64% Defensive

Asset class options

Overseas Shares

This option invests in shares listed on organised stock exchanges around the world, including both developed and emerging markets.

More details
10.52% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
100% Growth
0% Defensive

Australian Shares

This option invests mainly in shares of companies listed on the Australian Securities Exchange.

More details
8.64% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
100% Growth
0% Defensive

Property

This option holds units in portfolios focused on core, high-quality properties — mainly CBD office buildings, large shopping centres and listed real estate investment trusts. Returns may come from both rental income and capital growth.

More details
7.05% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
50% Growth
50% Defensive

Fixed Interest

This option invests in a diversified portfolio of debt securities, mainly fixed-rate bonds issued by Australian and overseas governments and companies, mortgage-backed securities and cash.

More details
1.99% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
0% Growth
100% Defensive

Cash

This option invests predominantly in a mix of cash and short-term money market securities, directly or through an interposed entity including call and term deposits, negotiable certificates of deposit, and short-term fixed interest securities issued by Australian and overseas governments, banks and companies. This option may also include an allocation in short-dated annuities issued by life insurance companies.

More details
1.93% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
0% Growth
100% Defensive

Past performance isn’t necessarily an indication of future returns. The value of investments can rise or fall, and investment returns can be positive or negative. The figures shown are net investment returns, that is, after fees, costs and investment- related taxes have been paid. 

Transition Income investment options

Pre-mixed options

Balanced

This option invests in a diversified mix of assets with an emphasis on Australian and overseas shares, property and infrastructure.

More details
7.62% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
70% Growth
30% Defensive

Growth

This option mainly invests in growth assets with an emphasis on Australian and overseas shares.

More details
8.45% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
83% Growth
17% Defensive

Alternative Growth

This option invests in a diversified mix of assets with an emphasis on infrastructure and credit as well as Australian and overseas shares.

More details
7.34% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
70% Growth
30% Defensive

Sustainable Balanced

This option invests in a diversified mix of assets. The external investment managers within the Australian and overseas shares asset classes for this option aim to exclude direct investments in certain listed companies (through negative screening), and also consider positive environmental and social themes when selecting certain investments.

More details
7.52% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
70% Growth
30% Defensive

Conservative Balanced

This option is designed to achieve a balance of risk and return by investing in a blend of assets, with an emphasis on fixed interest, cash and shares (Australian and overseas).

More details
5.63% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
50% Growth
50% Defensive

Capital Stable

This option invests in a diversified mix of assets, with an emphasis on fixed interest and cash. It’s designed to provide stability of capital over the medium term combined with the prospect for limited capital growth.

More details
4.58% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
36% Growth
64% Defensive

Asset class options

Overseas Shares

This option invests in shares listed on organised stock exchanges around the world, including both developed and emerging markets.

More details
10.52% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
100% Growth
0% Defensive

Australian Shares

This option invests mainly in shares of companies listed on the Australian Securities Exchange.

More details
8.64% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
100% Growth
0% Defensive

Property

This option holds units in portfolios focused on core, high-quality properties — mainly CBD office buildings, large shopping centres and listed real estate investment trusts. Returns may come from both rental income and capital growth.

More details
7.05% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
50% Growth
50% Defensive

Fixed Interest

This option invests in a diversified portfolio of debt securities, mainly fixed-rate bonds issued by Australian and overseas governments and companies, mortgage-backed securities and cash.

More details
1.99% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
0% Growth
100% Defensive

Cash

This option invests predominantly in a mix of cash and short-term money market securities, directly or through an interposed entity including call and term deposits, negotiable certificates of deposit, and short-term fixed interest securities issued by Australian and overseas governments, banks and companies. This option may also include an allocation in short-dated annuities issued by life insurance companies.

More details
1.93% 10-year average annual super return as at 30 June 2024
Growth and defensive asset class mix
0% Growth
100% Defensive

Past performance isn’t necessarily an indication of future returns. The value of investments can rise or fall, and investment returns can be positive or negative. The figures shown are net investment returns, that is, after fees, costs and investment- related taxes have been paid. 

Retirement Income investment options

Pre-mixed options

Balanced

This option invests in a diversified mix of assets with an emphasis on Australian and overseas shares, property and infrastructure.

More details
8.16% 10-year average annual pension return as at 30 June 2024
Growth and defensive asset class mix
70% Growth
30% Defensive

Growth

This option mainly invests in growth assets with an emphasis on Australian and overseas shares.

More details
9.15% 10-year average annual pension return as at 30 June 2024
Growth and defensive asset class mix
83% Growth
17% Defensive

Alternative Growth

This option invests in a diversified mix of assets with an emphasis on infrastructure and credit as well as Australian and overseas shares.

More details
7.92% 10-year average annual pension return as at 30 June 2024
Growth and defensive asset class mix
70% Growth
30% Defensive

Sustainable Balanced

This option invests in a diversified mix of assets. The external investment managers within the Australian and overseas shares asset classes for this option aim to exclude direct investments in certain listed companies (through negative screening), and also consider positive environmental and social themes when selecting certain investments.

More details
8.29% 10-year average annual pension return as at 30 June 2024
Growth and defensive asset class mix
70% Growth
30% Defensive

Conservative Balanced

This option is designed to achieve a balance of risk and return by investing in a blend of assets, with an emphasis on fixed interest, cash and shares (Australian and overseas).

More details
6.18% 10-year average annual pension return as at 30 June 2024
Growth and defensive asset class mix
50% Growth
50% Defensive

Capital Stable

This option invests in a diversified mix of assets, with an emphasis on fixed interest and cash. It’s designed to provide stability of capital over the medium term combined with the prospect for limited capital growth.

More details
5.05% 10-year average annual pension return as at 30 June 2024
Growth and defensive asset class mix
36% Growth
64% Defensive

Long-term*

This option invests in a diversified range of investments to help your money last through retirement. It aims to achieve moderate to high investment returns, while accepting a medium to high level of investment risk.

*This option is only available within our Managed Income account.

Please note this option's performance average is for the last three (3) years.

More details
4.82% 5-year average annual pension return as at 30 June 2024
Growth and defensive asset class mix
60% Growth
40% Defensive

Asset class options

Overseas Shares

This option invests in shares listed on organised stock exchanges around the world, including both developed and emerging markets.

More details
11.53% 10-year average annual pension return as at 30 June 2024
Growth and defensive asset class mix
100% Growth
0% Defensive

Australian shares

This option invests mainly in shares of companies listed on the Australian Securities Exchange.

More details
9.74% 10-year average annual pension return as at 30 June 2024
Growth and defensive asset class mix
100% Growth
0% Defensive

Property

This option holds units in portfolios focused on core, high-quality properties — mainly CBD office buildings, large shopping centres and listed real estate investment trusts. Returns may come from both rental income and capital growth.

More details
7.67% 10-year average annual pension return as at 30 June 2024
Growth and defensive asset class mix
50% Growth
50% Defensive

Fixed Interest

This option invests in a diversified portfolio of debt securities, mainly fixed-rate bonds issued by Australian and overseas governments and companies, mortgage-backed securities and cash.

More details
2.29% 10-year average annual pension return as at 30 June 2024
Growth and defensive asset class mix
0% Growth
100% Defensive

Cash

This option invests predominantly in a mix of cash and short-term money market securities, directly or through an interposed entity including call and term deposits, negotiable certificates of deposit, and short-term fixed interest securities issued by Australian and overseas governments, banks and companies. This option may also include an allocation in short-dated annuities issued by life insurance companies.

More details
2.24% 10-year average annual pension return as at 30 June 2024
Growth and defensive asset class mix
0% Growth
100% Defensive

Past performance isn’t necessarily an indication of future returns. The value of investments can rise or fall, and investment returns can be positive or negative. The figures shown are net investment returns, that is, after fees, costs and investment-related taxes have been paid.

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