Suitability and risk

Suits members who want to invest in a specific asset class and are less comfortable with large fluctuations in the value of their investments.
4 years
Suggested minimum investment time frame
Medium to High
Summary risk level
Sector
Option type
$305.3 million

Option size1

As at 29 February 2024

Expected frequency of negative annual return
Three to less than four in 20 years
Total investment fees and costs and transaction costs (%)
Super: 0.34% | Pension: 0.27% 

Objective and performance

To invest in a range of Australian fixed interest instruments including but not limited to fixed and floating corporate and government bonds, hybrids, residential mortgage backed securities, private credit and cash. The Option will have a 20% limit to Australian Private Credit. From time to time and subject to market conditions, the Trustee may also add a modest allocation towards global fixed interest instruments. Although unlikely, equity holdings may also arise in the event of a default, restructure or conversion of an existing credit security.

Objective

To achieve returns (before fees and taxes) that exceed the RBA cash rate by 1.0% p.a. over the suggested time frame.2

Performance against objective

2
% p.a. over 4 years
As at 31 Mar 2024
RBA + 1% Australian Income performance Outperformance
2.6 4.0 1.4
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 30 Apr 2024
Timeframe Australian Income performance SuperRatings median performance Outperformance
1 month 0.19 - -
3 months 1.40 - -
Financial year to date 6.12 - -
1 year 7.26 - -
3 years 2.58 - -
5 years 2.25 - -
7 years 2.35 - -
10 years - - -
Periods less than a year are not annualised. Some performance data are not yet available for this option.

Australian Income option performance ($)

2
As at 20 Jun 2024

Objective

To achieve returns (before fees and taxes) that exceed the RBA cash rate by 1.0% p.a. over the suggested time frame.2

Performance against objective

2
% p.a. over 4 years
As at 31 Mar 2024
RBA + 1% Australian Income performance Outperformance
2.6 4.7 2.1
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 30 Apr 2024
Timeframe Australian Income performance SuperRatings median performance Outperformance
1 month 0.22 - -
3 months 1.62 - -
Financial year to date 7.18 - -
1 year 8.39 - -
3 years 3.06 - -
5 years 2.67 - -
7 years 2.81 - -
10 years - - -
Periods less than a year are not annualised. Some performance data are not yet available for this option.

Australian Income option performance ($)

2
As at 20 Jun 2024

Allocations

Strategic asset allocation

3
As at 01 June 2024
Asset class Allocation
Australian fixed interest
100.0%
Global Fixed Interest
0.0%

Major holdings

4

By value (descending order) as at 31 Dec 2023

5
  • Westpac Banking Corp
  • Commonwealth Bank of Australia
  • ANZ Banking Group
  • National Australia Bank Ltd
  • Macquarie Bank Ltd
  • BNP Paribas SA
  • Tanarra Cr Partners
  • Scentre Group
  • Superannuation Fund
  • National Rmbs
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