Balanced (Pension)

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Investment option type Pre-Mixed
Member suitability Suits members who want exposure to a range of asset classes and are comfortable with the value of their investments fluctuating.
Performance objective* To achieve returns (after Fund taxes and investment expenses, before deducting account-based fees) that are at least 3.0% p.a. more than inflation (CPI) over the suggested time frame.
Investment strategy To invest in a diversified portfolio of mainly growth assets such as Australian and international shares, property, infrastructure and private equity, with some fixed interest and cash investments.
Suggested investment time frame Minimum of 10 years
Expected frequency of negative annual return Four to less than six in 20 years
Summary risk level High
Option size# $22.6 billion (as at 30 April 2019)
Total fees and costs (%) 0.40

* Performance objectives are not promises or predictions of any particular rate of return.
# Size of both accumulation and pension assets.

Option Performance (% p.a.)1

Vs Objective

As of 31 Mar 2019

Balanced Option CPI + 3.0% Outperformance
10 years 10.80 5.10 5.70

VS Peers

As of 30 Apr 2019

Balanced Option SuperRatings Median Outperformance
1 Month 1.84 1.87 -0.03
3 Months 7.25 6.00 1.25
FYTD 7.46 5.97 1.49
1 Year 11.06 7.94 3.12
3 Years 10.90 9.39 1.51
5 Years 10.09 8.20 1.89
7 Years 11.44 9.66 1.78
10 Years 10.64 9.47 1.17

Periods less than a year are not annualised

Option Performance ($)2

Strategic asset allocation (%)3

Last updated on 1 September 2014

Regional allocation

Major Holdings4

By value (descending order) as at 30 April 20195

Australian Shares

Transurban Group
Sydney Airport
BHP Group Ltd
Woodside Petroleum Ltd
Westpac Banking Corp
Commonwealth Bank of Australia
Scentre Group
Woolworths Group Ltd
GPT Group
Rio Tinto Ltd
Macquarie Group Ltd
Australia & New Zealand Banking Group
Commonwealth Bank of Australia - Perls
APA Group
Oil Search Ltd
National Australia Bank Ltd
James Hardie Industries PLC
Telstra Corp Ltd
Reliance Worldwide Corp Ltd

International Shares

Alibaba Group Holding Ltd
JPMorgan Chase & Co
Microsoft Corp
Tencent Holdings Ltd
Alphabet Inc
Facebook Inc
Bank of America Corp
Visa Inc
Apple Inc Inc
Taiwan Semiconductor Manufacturing
Citigroup Inc
Samsung Electronics Co Ltd
Wells Fargo & Co
ASML Holding NV
Microchip Technology Inc
Johnson & Johnson
Workday Inc
Mastercard Inc
AIA Group Ltd
Intuit Inc


Karrinyup Shopping Centre WA
ISPT 50 Lonsdale St VIC
Marrickville Metro Shopping Centre NSW
7 Macquarie St NSW
Malvern Central Shopping Centre VIC

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1 Past performance is not an indicator of future performance. Option returns are calculated net of investment expenses and Fund taxes but are gross of account-based fees. Due to rounding, excess return may not equate to the difference between option return and median return. The SuperRatings data is based on the SuperRatings survey for the relevant period and does not take into account any subsequent revisions or corrections made by SuperRatings.

2 Past performance is not an indicator of future performance. This graph shows the growth of $10,000 invested in this option over the period illustrated net of investment expenses and fund taxes but gross of account-based fees. No adjustments have been made to reflect the impact of inflation.
Note that the graph uses interim daily crediting rates and does not reflect the final crediting rates which are used to calculate option performance in the table above.

3 The strategic asset allocation may change and may be altered by the trustee from time to time to suit prevailing market circumstances. Actual allocation will deviate from their targets, but are monitored so they are kept within a range approved by the Trustee.

4 These holdings may change from time to time. The above holdings are the outcome of various strategies applied by UniSuper and by a range of investment managers taking into account a variety of considerations, many of which are specific to UniSuper and superannuation funds in general. The above lists are published for informational purposes only and are not a recommendation or endorsement of any of the companies listed, for inclusion in your personal portfolio. Before selecting companies to invest in personally, you should seek professional financial advice that takes into account your personal circumstances and investment objectives. Value includes direct holdings only and does not include exposures from indirect holdings.

5 Value includes direct holdings only and does not include exposures from indirect holdings.

This information is of a general nature only and does not take into account your individual objectives, financial situation or needs. You should read the product disclosure statement and booklets relevant to your membership category, consider the appropriateness of the information having regard to your personal circumstances and consider consulting a licensed financial adviser before making an investment decision based on information contained in this document.