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  4. Investment options available to you

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.

 

  • Diversified (pre-mixed) investment options

      • 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.

       

      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.

      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.

      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.

      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.

      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.

      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.

      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.

      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.

  • Single asset class investment options

      • 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.

       

      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.

      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)

      • 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.

      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)

      • 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.

      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)

      • 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.

      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)

      • 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.

Other useful resources

    Choosing an investment option

    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)

    Super investment options

    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)

    How to invest

    This article provides some handy tips on what to consider when investing. (Source: ASIC MoneySmart)