CFS delivers strong double digit returns for members
in 2023

CFS ended 2023 with double digit investment returns even after significant market uncertainty. We also continued our focus on maintaining highly competitive fees and delivering value for our members. 

A key call-out is the above-median double digit returns to 31 December 2023 for members of Lifestage balanced and growth funds. A large proportion of members are invested in these options.

• FirstChoice Employer Super balanced fund (Lifestage 1965-69) delivered 11.8% return
• FirstChoice Employer Super growth fund (Lifestage 1975-79) delivered 13.2% return.

These results are on top of the double-digit returns for the financial year ending 30 June 2023. 

Other balanced and growth investments also delivered strongly for members. The CFS Enhanced Index balanced fund and CFS Enhanced Index Growth fund both delivered above median members returns of 11.6% and 12.5% respectively.

Our sustainable investment option, Thrive+ sustainable growth, delivered double digit returns over the same period at 15.1%. This demonstrates that a sustainable growth fund can deliver compelling returns for investors while also making a positive contribution to the environment. 

These results place CFS among the highest performing super funds in 2023, significantly outperforming the median balanced and growth fund returns as reported by Super Ratings and Chant West. 

What helped drive these results?

The continuing strong performance is testament to the capability of CFS’ investment team as well as a disciplined investment approach.

Over the past year we have been focused on bringing industry-leading expertise to expand our capabilities in areas such as active risk and portfolio management.  This is driving good investment outcomes for our members which we expect to continue in the year ahead.