What is TermPlus?
TermPlus is a fixed-term investment option available on Superhero offering competitive, income-focused returns in the form of monthly income payments.
Powered by ASX-listed Pengana Capital Group, TermPlus is designed for investors seeking a structured way to earn monthly income without the volatility of the share market.
You can choose from 1, 2 or 5-year fixed terms, with target rates that move with the RBA cash rate. Income can be paid into your Superhero Wallet every month, or reinvested to grow your balance over time.
Funds invested in TermPlus are allocated to a diversified portfolio of global private credit including loans to businesses that aren’t listed on public markets. These investments are typically used by institutional investors seeking stable, income-generating returns.
How do I access TermPlus on Superhero?
You can open a TermPlus investment directly from your Discover page. Simply log in, navigate to TermPlus and follow the step-by-step process to get started.
TermPlus Disclaimers
Before deciding whether TermPlus is right for you, please read the TermPlus Product Disclosure Statements (PDS). Superhero does not provide financial advice that takes into consideration your personal objectives, financial situation or particular needs. All investments carry risk, so please consider carefully before making any investment decisions and seek independent financial advice.
Pengana Capital Limited (Pengana) (ABN 30 103 800 568, AFSL 226 566) is the issuer of units (Term Accounts) in TermPlus (ARSN 668 902 323). Any advice provided is general in nature and does not take into account your particular objectives, financial situation or needs. You should consider the PDS and TMD before investing in TermPlus. Â
Any reference to a target rate is a reference to the investment objective for the relevant account option in TermPlus, which may vary during the term. Importantly, target rates are not guaranteed, and any investment is subject to investment risks. Any forecasted returns may not reflect actual performance, and past performance is not a reliable indicator of future performance.
Pengana is not a bank and is not regulated by the Australian Prudential Regulation Authority. Investing in TermPlus is not the same as depositing money with a bank. For further details, please see the Important Information page on the TermPlus website.
Mercer Consulting (Australia) Pty Limited (ABN 55 153 168 140, AFSL 411 770), which is a wholly owned subsidiary of Mercer (Australia) Pty Ltd (ABN 32 005 315 917) (Mercer Australia) is collectively referred to as Mercer. References to Mercer shall be construed to include Mercer LLC and/or its associated companies. ‘MERCER’ is a registered trademark of Mercer Australia.Â
I need help with my TermPlus holdings on Superhero, who can I talk to?
If you have any questions or need support with your TermPlus investment on Superhero, please contact our friendly team. We’re here to help with everything from account access to understanding your income payments.
Reach us via live chat or by emailing hello@superhero.com.au.
Is there a cooling-off period for TermPlus on Superhero?
If you change your mind about your TermPlus investment, you may have 14 days to cancel it and receive your funds back, however this is subject to certain conditions.
Read the TermPlus PDS for more information.
Reach us via live chat or by emailing hello@superhero.com.au.
What if I need to withdraw my funds from TermPlus early?
Early withdrawals are not permitted under normal circumstances.Â
Before investing, it’s important to ensure you’re comfortable committing your funds for the full term.
If you’re unsure whether you’ll need access to your funds during the term, it may be worth considering whether a shorter term length is more appropriate.
Can I withdraw my funds anytime?
TermPlus operates on fixed terms, meaning you commit your investment for the selected duration (1, 2 or 5 years). Early withdrawals are not permitted. At the end of your chosen term, your funds will be deposited back into your Superhero Wallet, or you can elect to roll your funds into another TermPlus investment on Superhero.Â
Why has my TermPlus income changed?
TermPlus pays income monthly based on a variable target rate that moves as a fixed margin over the RBA cash rate.
How do I track my TermPlus investment?
You can easily manage and track your TermPlus investment via the Superhero dashboard. Here, you can monitor your earnings, reinvestment options and upcoming maturity dates.
How often is income paid?
Income is calculated daily and paid monthly. You can choose to have income paid directly into your Superhero Wallet or have it reinvested into your TermPlus balance to take advantage of compounding returns.
