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
$1.6 billion
Option size1
As at 29 February 2024
Expected frequency of negative annual return
Four to less than six in 20 years
Total investment fees and costs and transaction costs (%)
Super: 0.46% | Pension: 0.38%
Objective and performance
To invest in a diversified portfolio of securities, including but not limited to, Australian shares.#
# From time to time this option may hold non-Australian exposures
Objective
To achieve returns (after taxes and investment expenses, before deducting account-based fees) that are at least 4% p.a. more than inflation (CPI) over the suggested time frame.2
Performance against objective
2% p.a. over 7 years
As at 31 Mar 2024
| CPI + 4% | Australian Shares performance | Outperformance |
|---|---|---|
| 7.2 | 11.0 | 3.8 |
Performance objectives are not promises or predictions of any particular rate of return.
Performance
2% p.a.
As at 30 Jun 2024
| Timeframe | Australian Shares return |
|---|---|
| 1 month | 0.15 |
| 3 months | -1.20 |
| Financial year to date | 11.93 |
| 1 year | 11.93 |
| 3 years | 7.48 |
| 5 years | 9.21 |
| 7 years | 10.60 |
| 10 years | 9.15 |
Periods less than a year are not annualised.
Australian Shares option performance ($)
2As at 25 Jul 2024
Objective
To achieve returns (after taxes and investment expenses, before deducting account-based fees) that are at least 4% p.a. more than inflation (CPI) over the suggested time frame.2
Performance against objective
2% p.a. over 7 years
As at 31 Mar 2024
| CPI + 4% | Australian Shares performance | Outperformance |
|---|---|---|
| 7.2 | 12.4 | 5.2 |
Performance objectives are not promises or predictions of any particular rate of return.
Performance
2% p.a.
As at 30 Jun 2024
| Timeframe | Australian Shares return |
|---|---|
| 1 month | 0.59 |
| 3 months | -0.91 |
| Financial year to date | 13.76 |
| 1 year | 13.76 |
| 3 years | 8.75 |
| 5 years | 10.53 |
| 7 years | 12.17 |
| 10 years | 10.60 |
Periods less than a year are not annualised.
Australian Shares option performance ($)
2As at 25 Jul 2024
Allocations
Strategic asset allocation
3As at 01 June 2024
| Asset class | Allocation |
|---|---|
|
Australian Shares
|
100.0% |
Sector allocation
As at 29 February 2024
| Sector | Allocation |
|---|---|
|
Financials
|
25.5% |
|
Materials
|
24.8% |
|
Consumer Discretionary
|
10.9% |
|
Health Care
|
8.7% |
|
Industrials
|
8.1% |
|
Real Estate
|
4.7% |
|
Communication Services
|
4.5% |
|
Energy
|
3.9% |
|
Information Technology
|
3.9% |
|
Consumer Staples
|
3.6% |
|
Utilities
|
1.4% |
- Tribeca Alpha Plus Fund
- Pendal Australian Long/Short Fund
- BHP Group Ltd
- Commonwealth Bank of Australia
- National Australia Bank Ltd
- CSL Ltd
- Rio Tinto Ltd
- Macquarie Group Ltd
- Regal Australian Long/Short Fund
- Wesfarmers Ltd