To build an investment portfolio to achieve the stated return objective within the stated risk parameters over the specified timeframe.

Who should invest?

Those who require access to Cash in the short term or who are seeking a secure, very low risk investment.  Over long term periods, Cash is expected to be the lowest returning asset class.

Investment strategy

100% invested in cash and short term money market securities.

Return objective

  • Corporate Plus and Personal Plus members: outperform the Bloomberg AusBond Bank Bill Index, adjusted for tax^
  • RetireAccess members: outperform the Bloomberg AusBond Bank Bill Index^

Investment timeframe

0 - 2 year periods.

Risk characteristics

The Cash option is TelstraSuper’s most defensive investment option, with the lowest expected level of return and short-term investment risk. This option’s risk
characteristics using TelstraSuper’s four measures of investment risk are summarised in the diagrams below:

The Cash option’s Standard Risk Measure* is for a “very low” level of risk expected to generate less than 0.5 negative annual returns over any 20 year period.

Long-term strategic investment mix

100% defensive assets

Cash option investment mix and asset ranges

The aim of this information is to provide members with investment objective and strategy details (including investment mix) that we consider members reasonably need to understand the fund's investments and reflect the manner in which objectives and strategies have been formulated by the Trustee pursuant to superannuation law and discretionary powers under the Trust Deed.

^ The Bloomberg AusBond Bank Bill Index is a commonly used benchmark for cash-like investments. It measures the return earned on a diversified portfolio of different types of short term cash investments. Cash investments are generally taxed at 15% in the superannuation accumulation phase.

* The Standard Risk Measure is a standardised way of communicating investment risk that has been developed by the Association of Superannuation Funds of Australia (ASFA) and the Financial Services Council (FSC)

Cash option returns

  Accumulation returns TelstraSuper RetireAccess returns
2019/2020 1.03%  1.20%
2018/2019  1.96%  2.30%
2017/2018 1.74%  2.01%
2016/2017 1.92%  2.21%
2015/2016 2.10% 2.40%
2014/2015 2.47% 2.79%
2013/2014 2.61% 3.01%
2012/2013 3.18% 3.70%
2011/2012 4.14% 4.84%
5 year returns 1.75% 2.03%

Past performance is not a reliable indicator of future performance. The accumulation investment returns are net of investment fees and investment taxes, but before deducting any administration fee or indirect administration cost. The TelstraSuper RetireAccess investment returns are net of investment fees but before deducting any administration fee or indirect administration cost.