CBUS Super Review

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Returns to September 30 2021

Investment Option 1 Year 3 Year 5 Year
Conservative 6.13% 5.11% 5.13%
Median 7.40% 4.60% 4.70%
Conservative VS Median -1.27% 0.51% 0.43%
Growth (MySuper) 17.77% 8.63% 9.35%
Median 17.70% 8.00% 8.60%
Growth (MySuper) VS Median 0.07% 0.63% 0.75%
- - - -
Median - - -
VS Median - - -
High Growth 23.49% 10.51% 11.43%
Median 22.10% 9.30% 10.10%
High Growth VS Median 1.39% 1.21% 1.33%

Fees

Investment Option Flat Fee Percentage Based Fee Fee Based on 50k
Conservative 104 0.48% $344
Growth (MySuper) 104 0.75% $479
CBUS Super - - -
High Growth 104 0.85% $529

Asset Allocation

RankAsset%
RankAsset%
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Insurance Rating

0 /100
OmniLife

Fund Information

ABN: 75 493 363 262

USI: CBU0100AU

Address: Locked Bag 5056, Parramatta NSW 2124

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About CBUS Super

Founded in 1987, CBUS is an Industry fund that predominantly caters to workers in the construction industry. “As Australia’s largest super fund for the building, construction and allied industries, we’re built for you. We invest in property projects across the country, creating jobs for all of us.”
As of 31/12/2020 CBUS had 765,000 members with $59 billion of assets under management.

CBUS Super Investment Options

CBUS Super’s has 5 investment options. These include Growth (MySuper), Cash Savings, Conservative, Conservative Growth and High Growth.

CBUS Super also has a ‘Self Managed’ option, which allows members to invest in a range of Australian Shares, Exchange traded funds (ETFs), Term Deposits and Managed investments including property and infrastructure.

CBUS Super Performance

CBUS Super’s Growth (MySuper) and High Growth investment options outperformed the median over 1, 3 and 5 years, while the Conservative option outperformed the median over 3 and 5 years and underperformed the median over 1 year.

CBUS Super Fees

CBUS Super’s fees for their Growth (MySuper) option are below the median compared to other funds’ MySuper/Balanced options listed on Review My Super.

CBUS Super Insurance

CBUS Super offers death and TPD insurance cover to their members.

Whilst most members are offered default Death and Total and permanent Disablement Cover, they can also apply for Income Protection Cover.

Additional cover is available with the following limits:
Death – $5 million
TPD – $2 million.
Income protection – up to 85% of your income with a maximum of $30,000 per month.
Insurance is provided by TAL Life Limited. You can compare the wider market and have the premiums paid via your super. Compare insurers here.

CBUS Super Financial Advice

CBUS Super can provide General advice at no additional cost.
CBUS Super also provide personal advice. This will be provided by a financial adviser and a Statement of Advice issued, this will most likely come at a cost.
Advice is provided by United Super Pty Ltd.
A benefit of seeking advice through CBUS Super is it is free for general advice and the advisers will be very familiar with CBUS Super and all its options.
A downside is they will not likely recommend funds other than CBUS Super, even if there are more suitable options.
To speak with an advisor that can consider all available funds and insurers in the market, please fill out the ‘Speak To An Advisor’ form on this page.

Frequently Asked Questions

CBUS’s My Super (Growth) and High Growth options have out performed the median over 1, 3 and 5 years.
The conservative option has out performed over 3 and 5 years, however has under performed over the past 12 months.
Fees are close to the median across these options.
Based on this evidence, particularly of you’re in the Growth or High Growth options, it would be reasonable to say CBUS is a good super fund.

Yes, CBUS Super is an APRA fund.

No, CBUS Super is not a self-managed super fund. It is regulated by APRA.

CBUS stands for, Construction and Building Unions Superannuation.

Yes, CBUS Super is an industry fund.

CBUS Super is a not-for-profit fund with an industry membership base.

Yes, anyone can join CBUS Super.

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Officious, difficult, pedantic.