Our investment options

Suitability and risk

Suits members who want to invest in a specific asset class, are comfortable with the value of their investments fluctuating, and are comfortable with the explanation of listed property exposures on page 6 of How we invest your money (PDF, 1.1 MB), and that returns will reflect changes in security prices on listed markets which will be different from (and more volatile than) returns from owning real property.

6 years
Suggested minimum investment time frame
High
Summary risk level
Sector
Option type
$434.5 million

Option size1

As at 31 December 2023

Expected frequency of negative annual return
Four to less than six in 20 years
Total investment fees and costs and transaction costs (%)
Super: 0.23% | Pension: 0.15%

The fees and costs amounts reflect the fees and costs which we have incurred in managing the Listed Property option. For example, fees and costs we incur in the course of investing in listed property securities, i.e. real estate investment trusts (REITs), for that option. These figures do not include any amounts incurred by the REITs which the Listed Property option has invested in – such as costs relating to any real property and the other business activities of those REITs.

Objective and performance

To invest in a diversified portfolio of securities, including but not limited to, listed property securities.

This is a listed REITs (real estate investment trusts) option. This option is not intended for people who are seeking returns from investing in real property. Investing in a listed REIT is very different from investing in real estate or real property. Listed REITs can generate income from management fees or development fees as well as rental income and there are a range of factors which can influence share prices including market sentiment and macroeconomic conditions, amongst other things. The likely returns from listed REITs will be very different and more volatile than returns experienced from unlisted real property and real estate investments. Read more about REITs on page 6 of How we invest your money (PDF, 1.1 MB).

Objective

To achieve returns (after taxes and investment expenses, before deducting account-based fees) that are at least 3% p.a. more than inflation (CPI) over the suggested time frame.2

Performance against objective

2
% p.a. over 6 years
As at 31 Dec 2023
CPI + 3% Listed Property performance Outperformance
6.3 4.5 -1.8
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 29 Feb 2024
Timeframe Listed Property performance SuperRatings median performance Outperformance
1 month 2.48 - -
3 months 10.73 - -
Financial year to date 11.05 - -
1 year 8.33 - -
3 years 6.62 - -
5 years 3.68 - -
7 years 4.95 - -
10 years 7.26 - -
Periods less than a year are not annualised. Some performance data are not yet available for this option.

Listed Property option performance ($)

2
As at 18 Apr 2024

Objective

To achieve returns (after taxes and investment expenses, before deducting account-based fees) that are at least 3% p.a. more than inflation (CPI) over the suggested time frame.2

Performance against objective

2
% p.a. over 6 years
As at 31 Dec 2023
CPI + 3% Listed Property performance Outperformance
6.3 4.8 -1.5
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 29 Feb 2024
Timeframe Listed Property performance SuperRatings median performance Outperformance
1 month 2.75 - -
3 months 11.98 - -
Financial year to date 12.36 - -
1 year 9.14 - -
3 years 7.11 - -
5 years 3.88 - -
7 years 5.22 - -
10 years 7.86 - -
Periods less than a year are not annualised. Some performance data are not yet available for this option.

Listed Property option performance ($)

2
As at 18 Apr 2024

Allocations

Strategic asset allocation

2
As at 28 September 2023
Asset class Allocation
Australian Listed Property (REITs)
 50.0%
International Listed Property (REITs)
 50.0%

Sector allocation

As at 31 December 2023
Sector Allocation
Real Estate
 99.2%
Industrial REITs
 25.3%
Retail REITs
 22.2%
Diversified REITs
 16.4%
Office REITs
 6.9%
Multi-Family Residential REITs
 5.4%
Self Storage REITs
 4.5%
Health Care REITs
 4.0%
Data Center REITs
 3.9%
Real Estate Operating Companies
 3.9%
Other Specialized REITs
 2.7%
Financials
 0.5%
Consumer Staples
 0.2%
Health Care
 0.1%
Consumer Discretionary
 0.0%

Major holdings

4

By value (descending order) as at 31 Dec 2023

5
Australian shares
  • Goodman Group
  • Scentre Group
  • Stockland
  • GPT Group
  • Mirvac Group
  • Dexus
  • Vicinity Ltd
  • Charter Hall Group
  • National Storage REIT
  • Region RE Ltd
International shares
  • Prologis Inc
  • Equinix Inc
  • Welltower Inc
  • Public Storage
  • Simon Property Group Inc
  • Realty Income Corp
  • Digital Realty Trust Inc
  • VICI Properties Inc
  • Extra Space Storage Inc
  • Avalonbay Communities Inc
View all holdings

Things you need to know

  1. Size of both accumulation and pension assets.
  2. Past performance is not an indicator of future performance. Option returns are calculated net of investment expenses and taxes but are gross of account-based fees. Due to rounding, excess return may not equate to the difference between option return and median return. The SuperRatings data is based on the SuperRatings survey for the relevant period and does not take into account any subsequent revisions or corrections made by SuperRatings.
  3. The strategic asset allocation may change and may be altered by the trustee from time to time to suit prevailing market circumstances. Actual allocation will deviate from their targets, but are monitored so they are kept within a range approved by the Trustee.
  4. These holdings may change from time to time. The above holdings are the outcome of various strategies applied by UniSuper and by a range of investment managers taking into account a variety of considerations, many of which are specific to UniSuper and superannuation funds in general. The above lists are published for informational purposes only and are not a recommendation or endorsement of any of the companies listed, for inclusion in your personal portfolio. Before selecting companies to invest in personally, you should seek professional financial advice that takes into account your personal circumstances and investment objectives. Value includes direct holdings only and does not include exposures from indirect holdings.
  5. Value includes direct holdings only and does not include exposures from indirect holdings.

This information is of a general nature only and does not take into account your individual objectives, financial situation or needs. You should read the product disclosure statement and booklets relevant to your membership category, consider the appropriateness of the information having regard to your personal circumstances and consider consulting a licensed financial adviser before making an investment decision based on information contained here.

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