About the Balanced (MySuper) / Balanced TRIS option

The Balanced (MySuper) or Balanced TRIS option is a diversified option that may suit members who are seeking medium to high returns over the long term and who are comfortable with fluctuations in returns in the shorter term. It has a higher allocation to growth assets over
defensive assets.

This option applies by default if you've never made an investment choice.

Investment objective

To achieve an average return over a 10-year period, after applicable taxes and fees are deducted, of:

• CPI + 2.5% p.a. for Accumulate Plus & Retirement Access TRIS
• CPI + 3.5% p.a. for Retirement Access Account-Based Pensions.

Investment risk

This option has a standard risk measure of 5 (Medium-High). A negative annual investment return may be expected for 3 to less than 4 years in every 20 years.

Minimum suggested investment timeframe

Medium to long term – 5 years or more.

How this option invests – strategic asset allocation (benchmark allocation, as well as minimum & maximum percentages that we may hold)

• Fixed Interest & Cash = 17% (13-21%)
• Alternatives = 15% (10-20%)
• Real Assets = 18% (9-27%)
• Multi-Assets = 20% (15-25%)
• Shares = 30% (25-35%)

Returns

See historical investment returns for this option – please remember that past performance is not a reliable indicator of future performance.

About the Conservative / Conservative TRIS option

The Conservative or Conservative TRIS option is a diversified option that may suit members who are seeking stable returns over the short to medium term and who are less comfortable with short-term fluctuations in returns. It has a low exposure to growth assets and in return
for greater stability of returns, members may be sacrificing potential for higher long-term returns.

Investment objective

To achieve an average return over a 10-year period, after applicable taxes and fees are deducted, of:

• CPI + 1% p.a. for Accumulate Plus & Retirement Access TRIS
• CPI + 2% p.a. for Retirement Access Account-Based Pensions

Investment risk

This option has a Standard Risk Measure of 2 (Low). A negative annual investment return may be expected for 0.5 to less than 1 year in every 20 years.

Minimum suggested investment timeframe

Short to medium term – 3 years or more.

How this option invests – strategic asset allocation (benchmark allocation, as well as minimum & maximum percentages that we may hold)

• Fixed Interest & Cash = 67% (62-72%)
• Alternatives = 7% (4-10%)
• Real Assets = 8% (3-13%)
• Multi-Assets = 8% (5-11%)
• Shares = 10% (7-13%)

Returns

See historical investment returns for this option – please remember that past performance is not a reliable indicator of future performance.

About the Moderate / Moderate TRIS option

The Moderate or Moderate TRIS option is a diversified option that may suit members who are seeking medium levels of returns and who are less comfortable with short-term fluctuations in returns. It has a slightly higher allocation to defensive assets over growth assets.

Investment objective

To achieve an average return over a 10-year period, after applicable taxes and fees are deducted, of:

• CPI + 1.5% p.a. for Accumulate Plus & Retirement Access TRIS
• CPI + 2.5% p.a. for Retirement Access Account-Based Pensions

Investment risk

This option has a Standard Risk Measure of 4 (Medium). A negative annual investment return may be expected for 2 to less than 3 years in every 20 years.

Minimum suggested investment timeframe

Medium to long term – 5 years or more.

How this option invests – strategic asset allocation (benchmark allocation, as well as minimum & maximum percentages that we may hold)

• Fixed Interest & Cash = 42% (37-47%)
• Alternatives = 10% (6-14%)
• Real Assets = 14% (7-21%)
• Multi-Assets = 14% (10-18%)
• Shares = 20% (16-24%)

Returns

See historical investment returns for this option – please remember that past performance is not a reliable indicator of future performance.

About the Growth / Growth TRIS option

The Growth or Growth TRIS option is a diversified option that may suit members who are seeking high returns over the long term and who are comfortable with fluctuating returns in the short term. It has a high exposure to growth assets.

Investment objective

To achieve an average return over a 10-year period, after applicable taxes and fees are deducted, of:

• CPI + 3% p.a. for Accumulate Plus & Retirement Access TRIS
• CPI + 4% p.a. for Retirement Access Account-Based Pensions

Investment risk

This option has a Standard Risk Measure of 5 (Medium-High). A negative annual investment return may be expected for 3 to less than 4 years in every 20 years.

Minimum suggested investment timeframe

Long term – 7 years or more.

How this option invests – strategic asset allocation (benchmark allocation, as well as minimum & maximum percentages that we may hold)

• Fixed Interest & Cash = 8% (5-11%)
• Alternatives = 15% (10-20%)
• Real Assets = 19% (8-30%)
• Multi-Assets = 18% (13-23%)
• Shares = 40% (33-47%)

Returns

See historical investment returns for this option – please remember that past performance is not a reliable indicator of future performance.

About the Cash / Cash TRIS option

The Cash or Cash TRIS option is a single asset class that may suit members who are seeking a short-term investment in cash-related assets, with stable but very low expected returns. Depending on prevailing interest rates, returns may not keep pace with inflation.

Investment objective

To achieve an average return over a 10-year period, before applicable taxes and fees are deducted, that exceeds that of the Bloomberg AusBond Bank Bill Index.

Investment risk

This option has a Standard Risk Measure of 1 (Very Low). A negative annual investment return may be expected for less than 0.5 years in every 20 years.*

Minimum suggested investment timeframe

Short term – 1 year or more.

How this option invests – strategic asset allocation (benchmark allocation, as well as minimum & maximum percentages that we may hold)

• Fixed Interest & Cash = 100% (this option invests mainly in cash-related assets within the Fixed Interest & Cash asset class)

Returns

See historical investment returns for this option – please remember that past performance is not a reliable indicator of future performance.

*Important information about the risk measure for our Cash option: The investment risk measure is a long-term measure, which is considered by industry bodies to be one appropriate measure for risk, based on likelihood of negative annual returns. However, since
April 2020, the Reserve Bank of Australia has reduced cash rate targets to historic lows (to 0.10% as at May 2021). These rate cuts directly impact the returns payable on cash assets in the market. After allowing for the deduction of applicable fees and taxes, returns for our Cash option have reduced and in some cases have been negative. The continued outlook for returns for this option is likely to be low or negative and this may persist for some time.

About the Fixed Interest option

The Fixed Interest option is a single asset class option that may suit members who are seeking exposure to a diversified portfolio of fixed interest assets that are expected to provide stable returns but with the possibility of short-term fluctuations in investment returns.

Note: This investment option is not available for Retirement Access or Defined Benefit investment choice accounts.

Investment objective

To achieve an average return over a 10-year period, before applicable taxes and fees are deducted, that exceeds the composite benchmark determined by the trustee.

Investment risk

This option has a Standard Risk Measure of 2 (Low). A negative annual investment return may be expected for 0.5 to less than 1 year in every 20 years.*

Minimum suggested investment timeframe

Short to medium term – 3 years or more.

How this option invests – strategic asset allocation (benchmark allocation, as well as minimum & maximum percentages that we may hold)

• Fixed Interest & Cash = 100% (this option invests 75-85% in fixed interest assets and 15-25% in cash assets within the Fixed Interest & Cash asset class)

Returns

See historical investment returns for this option – please remember that past performance is not a reliable indicator of future performance.

*Important information about the risk measure for our Fixed Interest option: The investment risk measure is a long-term measure, which is considered by industry bodies to be one appropriate measure for risk, based on likelihood of negative annual returns. However, over recent years, and particularly since 2020, official interest rates have fallen to very low levels, which can result in negative or very low ongoing returns for bonds, as well as heightened volatility in returns on bonds. Because of this, the outlook for returns for this option is likely to continue to be volatile, and may even be negative, and this may persist for some time.

About the Australian Shares option

The Australian Shares option is a single asset class option that may suit members who are seeking exposure to a diversified portfolio of Australian shares to provide high long-term returns but are comfortable with significantly fluctuating investment returns.

Note: This investment option is not available for Retirement Access or Defined Benefit investment choice accounts.

Investment objective

To achieve an average return over a 10-year period, before applicable taxes and fees are deducted, that exceeds that of the S&P ASX300 index with dividends reinvested.

Investment risk

This option has a Standard Risk Measure of 7 (Very High). A negative annual investment return may be expected for 6 or more years in every 20 years.

Minimum suggested investment timeframe

Medium to long term – 5 years or more.

How this option invests – strategic asset allocation (benchmark allocation, as well as minimum & maximum percentages that we may hold)

• Shares = 100% (This option invests 100% in Australian shares within the Shares asset class. Investment managers have discretion to hold cash assets to a maximum of 5-10%.)

Returns

See historical investment returns for this option – please remember that past performance is not a reliable indicator of future performance.

About the International Shares option

The International Shares option is a single asset class option that may suit members who are seeking exposure to a diversified portfolio of international shares to provide high long-term returns but are comfortable with significantly fluctuating investment returns.

Note: This investment option is not available for Retirement Access or Defined Benefit investment choice accounts.

Investment objective

To achieve an average return over a 10-year period, before applicable taxes and fees are deducted, that exceeds that of the MSCI All Countries World ex Australia 25% hedged to Australian dollars index with dividends reinvested.

Investment risk

This option has a Standard Risk Measure of 6 (High). A negative annual investment return may be expected for 4 to less than 6 years in every 20 years.

Minimum suggested investment timeframe

Medium to long term – 5 years or more.

How this option invests – strategic asset allocation (benchmark allocation, as well as minimum & maximum percentages that we may hold)

• Shares = 100% (This option invests 100% in international shares within the Shares asset class. Investment managers have discretion to hold cash assets to a maximum of 5-10%.)

Returns

See historical investment returns for this option – please remember that past performance is not a reliable indicator of future performance.