The information below may be helpful for you to understand more about how our fund invests across some of our main asset classes.

  • Australian shares assets
    • Within our Shares asset class, our portfolio includes a large number of shares across major sectors of Australian economies. The top 20 Australian shareholdings, by value, are listed below.

      Top 20 Australian shareholdings – updated for 31 December 2018

      Note: These holdings relate only to the Shares asset class and do not include shares that may be held as part of other asset classes, such as Multi-Assets. Figures indicate the percentage of the Australian shares portfolio, based on dollar value.

      1. Commonwealth Bank of Australia = 7.4%
      2. Westpac Banking Corporation = 5.5%
      3. CSL Ltd = 3.6%
      4. BHP Group Ltd = 3.5%
      5. Australia & New Zealand Banking Group Ltd = 3.0%
      6. Seek Ltd = 2.3%
      7. Macquarie Group Ltd = 2.3%
      8. Woolworths Group Ltd = 1.8%
      9. Suncorp Group Ltd = 1.8%
      10. Trade ME Group Ltd = 1.7%
      11. Cochlear Ltd = 1.6%
      12. Rea Group Ltd = 1.5%
      13. Origin Energy Ltd = 1.5%
      14. QBE Insurance Group Ltd = 1.5%
      15. James Hardie Industries NV = 1.5%
      16. Wesfarmers Ltd = 1.4%
      17. Sydney Airport = 1.4%
      18. Domino's Pizza = 1.4%
      19. Aurizon Holdings Ltd = 1.3%
      20. Bendigo and Adelaide Bank = 1.3%

      *Holdings exclude cash and liquidity.

      The benchmark for performance in this asset class is the S&P/ASX300 Accumulation Index. Information about how performance has compared with the benchmark is provided in our Annual Report each year.

      Shareholder voting

      The fund is entitled to vote on matters to be decided by shareholders for the companies that make up the fund’s Australian share portfolio. Read more about our voting policy, including a summary of how voting rights have been exercised.

  • International shares assets
    • Within our Shares asset class, our portfolio includes a large number of shares across major sectors of international economies. The top 20 international shareholdings, by value, are listed below.

      Top 20 international shareholdings – updated for 31 December 2018

      Note: These holdings relate only to our Shares asset class and do not include shares that may be held as part of other asset classes, such as Multi-Assets. Figures indicate the percentage of the international shares portfolio, based on dollar value.

      1. Amazon.Com = 1.3%
      2. Unitedhealth Group Inc = 1.2%
      3. Visa Inc - Class A Shares = 1.2%
      4. Alphabet Inc - Class C = 1.0%
      5. Mastercard Inc = 1.0%
      6. Becton Dickinson And Co = 0.9%
      7. Wells Fargo & Co = 0.8%
      8. Pepsico Inc = 0.8%
      9. Berkshire Hathaway Inc-Cl B = 0.8%
      10. Nestle SA-REG = 0.7%
      11. Medtronic PLC = 0.7%
      12. HDFC Bank Limited = 0.7%
      13. Unilever NV-CVA = 0.7%
      14. Danaher Corporation = 0.6%
      15. Alibaba Group Holding Ltd = 0.6%
      16. Microsoft Corporation = 0.6%
      17. Burlington Stores Inc = 0.6%
      18. AIA Group Ltd = 0.6%
      19. CME Group Inc = 0.5%
      20. American Express Co = 0.5%

      *Holdings exclude cash and liquidity.

      The benchmark for performance in this asset class is the MSCI All Countries World ex Australia 25% hedged to Australian dollars index. Information about how performance has compared with the benchmark is provided in our Annual Report each year.