Cash Option
Inception date: 1 October 2002
Current assets as at 31 October 2023: $136.9m
AvSuper’s Cash option is a single asset class based investment option.
The Cash Option is also one of the default investment options for Income Stream members – if you do not make an investment choice, your Income Stream will automatically be invested in the AvSuper Cash (23%) and Balanced Growth (77%) options. If you have not made an investment choice, Income Stream payments will be deducted from the Cash option. All money is transferred into the Cash option when we are notified of a member’s death (unless a valid reversionary beneficiary is in place).
Read our Understanding AvSuper’s Cash investments fact sheet for additional information.
Investment strategy
The Cash option is designed to cater for members with a short investment horizon (less than 3 years) who are seeking cash like returns with minimal chance of capital loss.
Investment objectives
To achieve a return, after tax and fees, which exceeds the Bloomberg AusBond Bank Bill Index over rolling ten-year periods.
| Asset Class | Strategic allocation | Range |
|---|---|---|
| Cash | 100% | 100% |
View a brief outline of the major asset classes AvSuper uses to diversify investments.
Investment profile
Relatively low but stable returns.
The Cash option has a very low level of volatility and can experience periods of negative returns when interest rates are low or negative.
The short-term risk label of very low for the Cash option is appropriate for the overall level of investment risk, however, the potential for a negative return is expected to be higher than it has been in the past. This is due to the low interest rate environment and potential for negative interest rates, as well as the interest rate risk in the option.
| Standard Risk Measure | |
|---|---|
| Risk band | 1 |
| Risk label of | Very low |
| Expected frequency of negative return in 20 years | Less than 0.5 |
Investment returns to 31 October 2023
Accumulation Returns (net of investment fees and taxes)
Past performance may not be an indicator of future performance. The investment returns for the quarter and the financial year to date detailed above are real investment returns for the period shown, not annualised or ‘per annum’ returns which may differ from the numbers above.
Investment management fee
0.04%* p.a.
Deducted as part of the daily unit price calculations, and gross of tax deduction.
*For full fees please see our fees page.
Investment managers
AvSuper’s investment portfolio is managed by a carefully selected group of Investment managers and overseen by our Investment Committee. AvSuper uses a range of professional investment managers who specialise in different investment areas to invest members’ money according to specific objectives and strategies (including strategies to guard against excessive risk) set out by the AvSuper Trustee. The Trustee monitors and regularly reviews all investment managers involved with our investments.
Portfolio holdings
Your super or income stream product is made up of multiple underlying assets (called ‘holdings’). Refer to the links below to view how much of the investment option is invested in each asset.
SUPER: Cash option (PDF) (CSV)
PENSION: Cash option (PDF) (CSV)
Investment Options
