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 in our How we invest your money booklet (PDF, 1.1MB) and the returns being 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
$376.4 million

Option size1

As at 30 November 2023

Expected frequency of negative annual return
4 to less than 6 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

The Listed Property investment option invests in a diversified portfolio of securities (including but not limited to) listed property securities.

This is a listed REITs option. Returns from listed property investments are typically more volatile than returns experienced from unlisted property investments.

Please refer to the PDS for the most up to date investment returns objective information.

Objective

To achieve returns that exceed CPI by 3% over 6 years.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 31 Jan 2024
Timeframe Listed Property performance SuperRatings median performance Outperformance
1 month -0.31 - -
3 months 16.58 - -
Financial year to date 8.37 - -
1 year 4.94 - -
3 years 5.83 - -
5 years 3.48 - -
7 years 5.00 - -
10 years 7.36 - -
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 22 Feb 2024

Objective

To achieve returns that exceed CPI by 3% over 6 years.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 31 Jan 2024
Timeframe Listed Property performance SuperRatings median performance Outperformance
1 month -0.33 - -
3 months 18.65 - -
Financial year to date 9.36 - -
1 year 5.37 - -
3 years 6.23 - -
5 years 3.66 - -
7 years 5.29 - -
10 years 7.97 - -
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 22 Feb 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 30 November 2023
Sector Allocation
Industrial REITs
24.8%
Retail REITs
21.9%
Diversified REITs
16.6%
Other
11.5%
Office REITs
6.9%
Multi-Family Residential REITs
5.5%
Data Center REITs
4.4%
Self Storage REITs
4.3%
Health Care REITs
4.1%