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
$507.9 million

Option size1

As at 30 April 2022

Expected frequency of negative annual return
4 to less than 6 in 20 years
Total investment fees and costs and transaction costs (%)
Super: 0.41% | Pension: 0.34%

Objective and performance

The Australian Equity Income investment 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.

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 Mar 2022
Dividend yield Australian Equity Income yield Outperformance
5.6 6.3 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 May 2022
Timeframe Australian Equity Income performance SuperRatings median performance Outperformance
1 month -2.50 - -
3 months 3.32 - -
Financial year to date 8.68 - -
1 year 11.67 - -
3 years 7.49 - -
5 years 8.00 - -
7 years 7.42 - -
10 years 11.61 - -
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 23 Jun 2022

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 Mar 2022
Dividend yield Australian Equity Income yield Outperformance
5.6 6.3 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 May 2022
Timeframe Australian Equity Income performance SuperRatings median performance Outperformance
1 month -2.76 - -
3 months 3.61 - -
Financial year to date 9.46 - -
1 year 12.30 - -
3 years 8.01 - -
5 years 8.84 - -
7 years 8.60 - -
10 years 13.17 - -
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 23 Jun 2022

Allocations

Strategic asset allocation

3
As at 01 April 2022
Asset class Allocation
Australian Shares
100.0%
Income Securities
0.0%

Sector allocation

As at 30 April 2022
Sector Allocation
Financials
39.1%
Materials
15.6%
Industrials
10.4%
Consumer Staples
8.7%
Consumer Discretionary
8.1%
Real Estate
7.9%
Communication Services
5.9%
Other
4.3%

Major holdings

4

By value (descending order) as at 30 Apr 2022

5
  • BHP Group Ltd
  • Transurban Group
  • ASX Ltd
  • Macquarie Group Ltd
  • Commonwealth Bank of Australia
  • Wesfarmers Ltd
  • National Australia Bank Ltd
  • Woolworths Group Ltd
  • Telstra Corp Ltd
  • APA Group
  • Westpac Banking Corp
  • ANZ Banking Group
  • Scentre Group
  • Coles Group Ltd
  • Insurance Australia Group Ltd
  • Rio Tinto Ltd
  • Amcor PLC
  • JB Hi-Fi Ltd
  • Goodman Group
  • GPT Group
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