Australian Equity Income

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Member suitability Suits members who want to invest in a specific asset class and are comfortable with the value of their investments fluctuating.
Performance objective*
To achieve a gross yield which exceeds the dividend yield of the Australian equity market, and provide potential for capital growth over the suggested time frame.
Investment strategy
To invest in a portfolio of Australian shares and up to 30% in income securities (i.e. not ordinary shares, such as debt securities) that are expected to be high yielding.^#
suggested investment time frame
Minimum of seven years
Expected frequency of negative annual return
Four to less than six in 20 years
Summary risk level
Option size°
$306.50 million (as at 30 November 2018)
Total fees and costs (%) 0.42 (accumulation), 0.29 (TTR and Pension)

* Performance objectives are not promises or predictions of any particular rate of return.
^ From time-to-time this option may hold non-Australian exposures.
# This option predominantly invests in Australian shares. Up to 30% of the assets in this option can be invested in Australian income securities, such as credit and debt securities, hybrid and Australian high yield credit instruments.
° Size of both accumulation and pension assets.

Option Performance (%)1

As of 30 Nov 2018

Australian Equity Income Option SuperRatings Median Outperformance
1 Month -0.29 -- --
3 Months -6.13 -- --
FYTD -4.13 -- --
1 Year 0.81 -- --
3 Years (p.a) 6.37 -- --
5 Years (p.a) 7.57 -- --
7 Years (p.a) -- -- --
10 Years (p.a) -- -- --

Option Performance ($)2

Strategic asset allocation (%)3

Last updated on 1 September 2014

Regional allocation

Major Holdings4

By value (descending order) as at 30 November 20185

Transurban Group
Commonwealth Bank of Australia
Sydney Airport
Woodside Petroleum Ltd
Westpac Banking Corp
Woolworths Group Ltd
Macquarie Group Ltd
ANZ Banking Group
Aurizon Holdings Ltd
National Australia Bank Ltd
APA Group
JB Hi-Fi Ltd
Telstra Corp Ltd
Insurance Australia Group Ltd
Scentre Group
Vicinity Centres
Wesfarmers Ltd
Spark Infrastructure Group
Tabcorp Holdings Ltd

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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.