We offer a range of investment options you can choose for your account. A summary of each is provided below.
You can find more information about investment options in the member booklet or PDS for your membership. If you’d like to understand more about the information provided in the summaries below, check out our tips on understanding investment option descriptions.
Generally when your account is opened, we’ll invest your first contribution in the Balanced investment option. This is our default option, as well as our approved MySuper option. You can choose to change your investment selection at any time.
Please remember that although the Balanced option is our default option, we don’t make any representations about whether it’s the most appropriate option for you. Find out more about choosing the right investment option. You should consider your own circumstances and/or seek advice to decide what’s best for you.
The following four investment options are diversified, or pre-mixed, options. By automatically investing across a range of the main types of asset classes, diversified options help spread your investment risk. This can be important in managing the impact to your account if one particular type of asset is not performing well in investment markets at any given time.
The main difference between our four diversified options is the extent to which each option invests in growth and income asset classes, shown in the ‘how this option invests’ section. This still gives you some flexibility to choose an investment option that suits your needs.
Note: Where mentioned, 'TRIS' stands for Transition to Retirement Income Stream.
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.
For more information on this option's investment objective, investment risk, and minimum suggested investment timeframe, please read our Reference Guide: Investments.
How this option invests
The strategic asset allocation is the target amount we set for each asset class, and covers both the target (benchmark) allocation as well as the minimum and maximum range that we may hold. You can find more information about the strategic asset allocation in the Reference Guide: Investments. The actual asset allocation as at the end of the most recent quarter is shown below.
Asset class | Actual asset allocation - Accumulate Plus (at 31 Mar 2022) | Actual asset allocation - Retirement Access (at 31 Mar 2022) |
Fixed Interest & Cash | 11% | 17% |
Alternatives | 14% | 15% |
Real Assets | 18% | 18% |
Multi-Assets | 19% | 20% |
Shares | 38% | 30% |
Returns
See historical investment returns for this option – please remember that past performance is not a reliable indicator of future performance.
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.
For more information on this option's investment objective, investment risk, and minimum suggested investment timeframe, please read our Reference Guide: Investments.
How this option invests
The strategic asset allocation is the target amount we set for each asset class, and covers both the target (benchmark) allocation as well as the minimum and maximum range that we may hold. You can find more information about the strategic asset allocation in the Reference Guide: Investments. The actual asset allocation as at the end of the most recent quarter is shown below.
Asset class | Actual asset allocation (at 31 Mar 2022) |
Fixed Interest & Cash | 67% |
Alternatives | 7% |
Real Assets | 8% |
Multi-Assets | 8% |
Shares | 10% |
Returns
See historical investment returns for this option – please remember that past performance is not a reliable indicator of future performance.
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.
For more information on this option's investment objective, investment risk, and minimum suggested investment timeframe, please read our Reference Guide: Investments.
How this option invests
The strategic asset allocation is the target amount we set for each asset class, and covers both the target (benchmark) allocation as well as the minimum and maximum range that we may hold. You can find more information about the strategic asset allocation in the Reference Guide: Investments. The actual asset allocation as at the end of the most recent quarter is shown below.
Asset class | Actual asset allocation (at 31 Mar 2022) |
Fixed Interest & Cash | 42% |
Alternatives | 10% |
Real Assets | 14% |
Multi-Assets | 14% |
Shares | 20% |
Returns
See historical investment returns for this option – please remember that past performance is not a reliable indicator of future performance.
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.
For more information on this option's investment objective, investment risk, and minimum suggested investment timeframe, please read our Reference Guide: Investments.
How this option invests
The strategic asset allocation is the target amount we set for each asset class, and covers both the target (benchmark) allocation as well as the minimum and maximum range that we may hold. You can find more information about the strategic asset allocation in the Reference Guide: Investments. The actual asset allocation as at the end of the most recent quarter is shown below.
Asset class | Actual asset allocation (at 31 Mar 2022) |
Fixed Interest & Cash | 8% |
Alternatives | 15% |
Real Assets | 19% |
Multi-Assets | 18% |
Shares | 40% |
Returns
See historical investment returns for this option – please remember that past performance is not a reliable indicator of future performance.
The following four investment options are single asset class options. Unlike the diversified options, these options invest predominantly in one asset class only. If you choose to invest in one of these options, you should take care to consider your overall risk exposure.
Note: Where mentioned, 'TRIS' stands for Transition to Retirement Income Stream.
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.
For more information on this option's investment objective, investment risk, and minimum suggested investment timeframe, please read our Reference Guide: Investments.
How this option invests – strategic asset allocation (benchmark allocation, as well as minimum and maximum percentages that we may hold)
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.
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.
For more information on this option's investment objective, investment risk, and minimum suggested investment timeframe, please read our Reference Guide: Investments.
How this option invests – strategic asset allocation (benchmark allocation, as well as minimum and maximum percentages that we may hold)
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.
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.
For more information on this option's investment objective, investment risk, and minimum suggested investment timeframe, please read our Reference Guide: Investments.
How this option invests – strategic asset allocation (benchmark allocation, as well as minimum and maximum percentages that we may hold)
Returns
See historical investment returns for this option – please remember that past performance is not a reliable indicator of future performance.
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.
For more information on this option's investment objective, investment risk, and minimum suggested investment timeframe, please read our Reference Guide: Investments.
How this option invests – strategic asset allocation (benchmark allocation, as well as minimum and maximum percentages that we may hold)
Returns
See historical investment returns for this option – please remember that past performance is not a reliable indicator of future performance.
It's important to understand how your money is invested through your super fund. Here are some things to consider. (Source: Association of Superannuation Funds of Australia)
Your super fund invests your money for you. Most funds let you choose from a range of investment options, from conservative to growth. (Source: ASIC MoneySmart)