Suitability and risk
Suits members who want exposure to a range of asset classes and are less comfortable with large fluctuations in the value of their investments.
5 years
Suggested minimum investment time frame
Medium
Summary risk level
Pre-Mixed
Option type
$7.8 billion
Option size1
As at 31 December 2023
Expected frequency of negative annual return
Two to less than three in 20 years
Total investment fees and costs and transaction costs (%)
Super 0.53% | Pension 0.46%
Objective and performance
To invest in a diversified portfolio of assets like fixed interest and cash, shares, property, infrastructure and private equity.
Objective
To achieve returns (after taxes and investment expenses, before deducting account-based fees) that are at least 2.0% p.a. more than inflation (CPI) over the suggested time frame.2
Performance against objective
2% p.a. over 5 years
As at 31 Mar 2024
CPI + 2.0% | Conservative Balanced performance | Outperformance |
---|---|---|
5.8 | 4.9 | -0.9 |
Performance objectives are not promises or predictions of any particular rate of return.
Performance against peers
2Compare performance against the median performance of the top funds as identified by SuperRatings.2
% p.a.
As at 31 Mar 2024
Timeframe | Conservative Balanced performance | SuperRatings median performance | Outperformance |
---|---|---|---|
1 month | 1.42 | 1.69 | -0.27 |
3 months | 3.27 | 3.67 | -0.40 |
Financial year to date | 5.93 | 7.55 | -1.62 |
1 year | 6.88 | 8.97 | -2.09 |
3 years | 5.24 | 4.65 | 0.59 |
5 years | 4.86 | 5.07 | -0.21 |
7 years | 5.20 | 5.33 | -0.13 |
10 years | 6.00 | 5.71 | 0.29 |
Periods less than a year are not annualised.
Conservative Balanced option performance ($)
2As at 25 Apr 2024
Objective
To achieve returns (after taxes and investment expenses, before deducting account-based fees) that are at least 2.0% p.a. more than inflation (CPI) over the suggested time frame.2
Performance against objective
2% p.a. over 5 years
As at 31 Mar 2024
CPI + 2.0% | Conservative Balanced performance | Outperformance |
---|---|---|
5.8 | 5.5 | -0.3 |
Performance objectives are not promises or predictions of any particular rate of return.
Performance against peers
2Compare performance against the median performance of the top funds as identified by SuperRatings.2
% p.a.
As at 31 Mar 2024
Timeframe | Conservative Balanced performance | SuperRatings median performance | Outperformance |
---|---|---|---|
1 month | 1.59 | 1.92 | -0.33 |
3 months | 3.69 | 4.18 | -0.49 |
Financial year to date | 6.72 | 8.12 | -1.40 |
1 year | 7.99 | 9.93 | -1.94 |
3 years | 5.87 | 5.45 | 0.42 |
5 years | 5.51 | 5.81 | -0.30 |
7 years | 5.95 | 6.17 | -0.22 |
10 years | 6.87 | 6.54 | 0.33 |
Periods less than a year are not annualised.
Conservative Balanced option performance ($)
2As at 25 Apr 2024
Allocations
Strategic asset allocation
3As at 28 September 2023
Asset class | Allocation |
---|---|
Cash & Fixed Interest
|
46.0% |
Australian Shares
|
19.0% |
International Shares
|
17.0% |
Property
|
9.0% |
Infrastructure & Private Equity
|
9.0% |
Australian Shares
- BHP Group Ltd
- ASX Ltd
- Commonwealth Bank of Australia
- Rio Tinto Ltd
- Transurban Group
- CSL Ltd
- Macquarie Group Ltd
- National Australia Bank Ltd
- Wesfarmers Ltd
- Westpac Banking Corp
Property
- Karrinyup Shopping Centre WA
- Australian Core Retail Trust
- ISPT Core Property Fund
- Brookfield Place NSW
- Mirvac Wholesale Office Fund
International Shares
- Microsoft Corporation
- National Grid PLC
- Apple Inc
- Alphabet Inc
- Amazon.com Inc
- Broadcom Inc
- Dominion Energy Inc
- Johnson & Johnson
- NVIDIA Corp
- Visa Inc