Suitability and risk
Suits members who want exposure to a range of asset classes and are less comfortable with large fluctuations in the value of their investments.
5 years
Suggested minimum investment time frame
Medium to high
Summary risk level
Pre-Mixed
Option type
$8.3 billion
Option size1
As at 31 December 2024
Expected frequency of negative annual return
Three to less than four in 20 years
Total investment fees and costs and transaction costs (%)
Super 0.52% | Pension 0.45%
Objective and performance
To invest in a diversified portfolio of assets like fixed interest and cash, shares, property, infrastructure and private equity.
Objective
To achieve returns (after taxes and investment expenses, before deducting account-based fees) that are at least 2.0% p.a. more than inflation (CPI) over the suggested time frame.2
Performance against objective
2% p.a. over 5 years
As at 31 Dec 2024
| CPI + 2.0% | Conservative Balanced performance | Outperformance |
|---|---|---|
| 5.7 | 4.6 | -1.1 |
Performance objectives are not promises or predictions of any particular rate of return.
Performance
2% p.a.
As at 31 Mar 2025
| Timeframe | Conservative Balanced return |
|---|---|
| 1 month | -1.43 |
| 3 months | -0.59 |
| Financial year to date | 4.19 |
| 1 year | 4.76 |
| 3 years | 4.76 |
| 5 years | 5.92 |
| 7 years | 5.33 |
| 10 years | 5.11 |
Periods less than a year are not annualised.
Conservative Balanced option performance ($)
2As at 23 Apr 2025
Objective
To achieve returns (after taxes and investment expenses, before deducting account-based fees) that are at least 2.0% p.a. more than inflation (CPI) over the suggested time frame.2
Performance against objective
2% p.a. over 5 years
As at 31 Dec 2024
| CPI + 2.0% | Conservative Balanced performance | Outperformance |
|---|---|---|
| 5.7 | 5.2 | -0.5 |
Performance objectives are not promises or predictions of any particular rate of return.
Performance
2% p.a.
As at 31 Mar 2025
| Timeframe | Conservative Balanced return |
|---|---|
| 1 month | -1.59 |
| 3 months | -0.64 |
| Financial year to date | 4.77 |
| 1 year | 5.25 |
| 3 years | 5.33 |
| 5 years | 6.66 |
| 7 years | 6.05 |
| 10 years | 5.82 |
Periods less than a year are not annualised.
Conservative Balanced option performance ($)
2As at 23 Apr 2025
Allocations
Strategic asset allocation
3As at 28 March 2025
| Asset class | Allocation |
|---|---|
|
Cash & Fixed Interest
|
43.0% |
|
International Shares
|
23.0% |
|
Australian Shares
|
20.0% |
|
Property
|
7.0% |
|
Infrastructure & Private Equity
|
7.0% |
Property
- Karrinyup Shopping Centre WA
- Australian Core Retail Trust
- ISPT Core Property Fund
- Brookfield Place NSW
- Goodman Australia Industrial Partnership
Australian Shares
- BHP Group Ltd
- Commonwealth Bank of Australia
- CSL Ltd
- Macquarie Group Ltd
- National Australia Bank Ltd
- Westpac Banking Corp
- Wesfarmers Ltd
- Rio Tinto Ltd
- Goodman Group
- Tribeca Alpha Plus Fund
International Shares
- Apple Inc
- Microsoft Corp
- NVIDIA Corp
- Alphabet Inc
- Amazon.com Inc
- Meta Platforms Inc
- Taiwan Semiconductor Manufacturing Co Ltd
- Broadcom Inc
- JPMorgan Chase & Co
- Mastercard Inc