Main region


A portfolio of cash assets.

We launched a new investment option menu on 1 July 2024.  Please visit the info hub to learn how this affects Accumulation and Income accounts.


As at 31 March 2024

1.94% p.a.

Returns over the last 10 years1

Less than 1 year

Suggested timeframe

0.07% p.a.

Fees2 + admin fees and costs

Who it suits

Suitable if you're an investor who:

  • wants a portfolio of cash assets
  • may want to start using your money soon or want to protect your savings
  • is prepared to accept that over the long term, cash can deliver low returns that may not keep up with increases in the cost of living
  • wants a very low level of volatility in returns from year to year.


  • Very low
  • Low
  • Low to medium
  • Medium
  • Medium to high
  • High
  • Very high

You should expect this option to experience a negative annual return less than 0.5 times in any 20 years. The risk level is based on the standard risk measure (SRM).

Investment objective

Aims for returns above the Bloomberg AusBond Bank Bill Index performance benchmark.

Option size

Super assets: $3.3 billion
Pension assets: $957.2 million

Cash performance overview

As at 31 March 20241

ART’s Cash option for Accumulation accounts returned 0.98% after tax and fees over the March quarter of 2024. Over 1, 3 and 5 years the option has returned 4.01%, 2.10% and 1.69% p.a. respectively. In the March 2024 SuperRatings survey of options with a similar asset allocation, the Cash option has exceeded the median return over all time periods.

Accumulation accounts Retirement Income accounts
10 years (p.a.) 1.94% 2.27%
7 years (p.a.) 1.77% 2.08%
5 years (p.a.) 1.69% 1.98%
3 years (p.a.) 2.10% 2.46%
1 year 4.01% 4.71%
3 months 1.03% 1.21%

Past performance isn't a reliable indicator of future performance. Returns shown are after investment fees and costs, transaction costs and investment taxes (where relevant) but before all other fees and costs. Returns shown here for our Accumulation account are also the returns that apply for TTR income accounts. Tax doesn't generally apply to investment earnings on Retirement Income accounts

Cash asset allocation


Strategic asset allocation3
Australian shares
International shares
Fixed Income
Unlisted Assets and Alternatives
Total 100%

Learn more about what we invest in

Outlook and strategy

As at 31 March 2024

The Cash option’s primary objective is to invest with a focus on maintaining liquidity and a good credit quality and is expected to continue to deliver very stable returns at a margin above the Bloomberg AusBond Bank Bill Index. The Cash option’s returns are derived from bank deposits and short-term money market securities. We will continue to allocate a substantial portion of the Cash option to term deposits with approved deposit–taking institutions across a range of maturities up to one year, thus enhancing returns to members while ensuring reliable liquidity and flexibility to take advantage of opportunities in a judicious fashion.

The RBA seems to be signaling that it will maintain interest rates at their current levels, while remaining prepared to respond to inflationary pressures if required. Longer-term money market rates have continued to rise as markets now anticipate that any interest rate cuts may be delayed until the end of the year or later.

Want to know more?

Payment icon

Compare our options

Learn more about our wide range of investment options so you can choose what's right for you.

Compare today
Payment icon

Manage your investments

You can check and change your investment options anytime in Member Online.

Log in now
Document icon

View our performance

We give regular updates on the economy and market, along with how your investments are performing.

Find out more
Payment icon

Contact us

We’re available to speak by phone or live chat between 8:00am–7:30pm AEST/AEDT Monday to Friday.

Contact us today

Join Australian Retirement Trust today - it only takes a few minutes.

We're one of the largest super funds in Australia. Join today and enjoy the benefits as we grow even more.

Join today
  1. Past performance isn't a reliable indicator of future performance. Returns shown are after investment fees and costs, transaction costs and investment taxes (where relevant) but before all other fees and costs. Returns shown in the Summary table above are for Accumulation accounts. To show the performance of the Accumulation and Retirement Income accounts, we've used Sunsuper for life Cash option returns up to 28 February 2022, then Super Savings Cash option returns after that date.
  2. Fees refers to investment fees and costs and transaction costs.
  3. For more information on these asset classes, strategic asset allocations, and allowable ranges, read the PDS that applies to you.