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
$227.7 million

Option size1

As at 31 January 2021

Expected frequency of negative annual return
4 to less than 6 in 20 years
Total investment fees and costs and transaction costs (%)
Super: 0.44% | Pension: 0.35%

Objective and performance

This option invests in a portfolio of securities (including but not limited to) Australian shares and up to 30% in Australian income securities such as credit and debt securities, hybrid and Australian high yield credit instruments that are expected to be high yielding. From time to time this option may hold non-Australian exposures.

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 2020
Dividend yield Australian Equity Income yield Outperformance
5.9 6.6 0.7
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 2021
Timeframe DivYield SuperRatings median performance Outperformance
1 month 0.49 - -
3 months 7.67 - -
Financial year to date 6.52 - -
1 year -7.63 - -
3 years 5.73 - -
5 years 7.12 - -
7 years 8.05 - -
10 years - - -
Periods less than a year are not annualised. Some performance data are not yet available for this option.

Australian Equity Income option performance ($)

2
As at 08 Mar 2021

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 2020
Dividend yield Australian Equity Income yield Outperformance
5.9 6.6 0.7
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 2021
Timeframe DivYield SuperRatings median performance Outperformance
1 month 0.57 - -
3 months 8.22 - -
Financial year to date 7.28 - -
1 year -8.25 - -
3 years 6.33 - -
5 years 8.41 - -
7 years 9.46 - -
10 years - - -
Periods less than a year are not annualised. Some performance data are not yet available for this option.

Australian Equity Income option performance ($)

2
As at 08 Mar 2021

Allocations

Strategic asset allocation

3
As at 01 October 2020
Asset class Allocation
Australian Shares
100.0%
Income Securities
0.0%

Sector allocation

As at 31 January 2021
Sector Allocation
Financials
42.1%
Industrials
15.4%
Utilities
7.3%
Other
1.7%
Consumer Discretionary
10.3%
Consumer Staples
9.8%
Real Estate
8.1%
Communication Services
5.3%

Major holdings

4

By value (descending order) as at 31 Jan 2021

5
  • Macquarie Group Ltd
  • Transurban Group
  • Commonwealth Bank of Australia
  • Wesfarmers Ltd
  • ASX Ltd
  • Woolworths Group Ltd
  • National Australia Bank Ltd
  • Westpac Banking Corp
  • APA Group
  • Sydney Airport
  • Telstra Corp Ltd
  • ANZ Banking Group
  • Insurance Australia Group Ltd
  • JB Hi-Fi Ltd
  • Coles Group Ltd
  • Spark Infrastructure Group
  • Mirvac Group
  • Amcor PLC
  • Chorus Ltd
  • Atlas Arteria Ltd
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