Suitability and risk

Suits members who want to invest in a specific asset class and are comfortable with the value of their investments fluctuating.

7 years
Suggested minimum investment time frame
High
Summary risk level
Sector
Option type
$368.3 million

Option size1

As at 30 November 2023

Expected frequency of negative annual return
4 to less than 6 in 20 years
Total investment fees and costs and transaction costs (%)
Super: 0.40% | Pension: 0.33%

Objective and performance

The Australian Dividend Income investment option6 invests in a portfolio of securities, including but not limited to 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. From time to time this option may hold non-Australian exposures.

Please refer to the PDS for the most up to date investment returns objective information.

Objective

To achieve a gross yield which exceeds the dividend yield of the Australian equity market and provide potential for capital growth over 7 years2

Performance against objective

2
% p.a. over 7 years
As at 31 Dec 2023
Dividend yield Australian Dividend Income yield Outperformance
5.6 6.2 0.6
Performance objectives are not promises or predictions of any particular rate of return.

Performance against peers

2
Compare performance against the median performance of the top funds as identified by SuperRatings.2
% p.a.
As at 31 Jan 2024
Timeframe Australian Dividend Income performance SuperRatings median performance Outperformance
1 month 1.14 - -
3 months 11.25 - -
Financial year to date 6.80 - -
1 year 5.47 - -
3 years 10.59 - -
5 years 9.22 - -
7 years 8.21 - -
10 years 8.80 - -
Periods less than a year are not annualised. Some performance data are not yet available for this option.

Australian Dividend Income option performance ($)

2
As at 22 Feb 2024

Objective

To achieve a gross yield which exceeds the dividend yield of the Australian equity market and provide potential for capital growth over 7 years2

Performance against objective

2
% p.a. over 7 years
As at 31 Dec 2023
Dividend yield Australian Dividend Income yield Outperformance
5.6 6.2 0.6
Performance objectives are not promises or predictions of any particular rate of return.

Performance against peers

2
Compare performance against the median performance of the top funds as identified by SuperRatings.2
% p.a.
As at 31 Jan 2024
Timeframe Australian Dividend Income performance SuperRatings median performance Outperformance
1 month 1.26 - -
3 months 12.66 - -
Financial year to date 7.58 - -
1 year 6.30 - -
3 years 11.45 - -
5 years 10.01 - -
7 years 9.16 - -
10 years 10.05 - -
Periods less than a year are not annualised. Some performance data are not yet available for this option.

Australian Dividend Income option performance ($)

2
As at 22 Feb 2024

Allocations

Strategic asset allocation

3
As at 28 September 2023
Asset class Allocation
Australian Shares
100.0%
Income Securities
0.0%

Sector allocation

As at 30 November 2023
Sector Allocation
Financials
35.1%
Materials
20.2%
Consumer Discretionary
10.5%
Consumer Staples
9.2%
Communication Services
7.1%
Industrials
7.1%
Other
6.0%
Real Estate
4.8%

Major holdings

4

By value (descending order) as at 30 Nov 2023

5
  • BHP Group Ltd
  • Commonwealth Bank of Australia
  • Wesfarmers Ltd
  • National Australia Bank Ltd
  • Macquarie Group Ltd
  • Woolworths Group Ltd
  • Telstra Group Ltd
  • ASX Ltd
  • Transurban Group
  • Rio Tinto Ltd
X
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