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
$575.7 million

Option size1

As at 31 August 2024

Expected frequency of negative annual return
Four to less than six in 20 years
Total investment fees and costs and transaction costs (%)
Super: 0.22% | 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 30 Sep 2024
CPI + 3% Listed Property performance Outperformance
6.4 6.2 -0.2
Performance objectives are not promises or predictions of any particular rate of return. 

        

        

            
Performance

2

            

            

                
% p.a.

                
As at 30 Nov 2024

            

            

                

                    

                        

                            
                                

                                    Timeframe
                                    Listed Property return
                                    

                                
                                
                                        

                                            1 month
                                            2.55
                                            

                                        

                                            3 months
                                            4.58
                                            

                                        

                                            Financial year to date
                                            13.04
                                            

                                        

                                            1 year
                                            27.58
                                            

                                        

                                            3 years
                                            3.73
                                            

                                        

                                            5 years
                                            3.83
                                            

                                        

                                            7 years
                                            6.25
                                            

                                        

                                            10 years
                                            7.22
                                            

                                        
                                    

                                

                            

                        

                        

                            Periods less than a year are not annualised.
                        

                    

                




    

        

            

                
Listed Property option performance ($)
2

                
As at 23 Dec 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 30 Sep 2024

                

                

                    

                        

                            

                                
                                    

                                        CPI + 3%
                                        Listed Property performance
                                        Outperformance
                                    

                                
                                
                                

                                    6.4
                                    6.6
                                    0.2
                                

                                
                            

                        

                    

                

                

                    Performance objectives are not promises or predictions of any particular rate of return.
                

        

    




    

        

        

        

            
Performance

2

            

            

                
% p.a.

                
As at 30 Nov 2024

            

            

                

                    

                        

                            
                                

                                    Timeframe
                                    Listed Property return
                                    

                                
                                
                                        

                                            1 month
                                            2.84
                                            

                                        

                                            3 months
                                            5.13
                                            

                                        

                                            Financial year to date
                                            14.67
                                            

                                        

                                            1 year
                                            30.52
                                            

                                        

                                            3 years
                                            3.97
                                            

                                        

                                            5 years
                                            4.07
                                            

                                        

                                            7 years
                                            6.69
                                            

                                        

                                            10 years
                                            7.76
                                            

                                        
                                    

                                

                            

                        

                        

                            Periods less than a year are not annualised.
                        

                    

                




    

        

            

                
Listed Property option performance ($)
2

                
As at 23 Dec 2024

            

            

                

            

        

    


    


                    

            
    
    




        

        
    







    



                    

    








    




    

        


Allocations
        

    




    


        

            

                    

                        

                            
Strategic asset allocation

2
                        

                        
As at 28 September 2024

                    

                    

                        

                            

                                

                                    
                                        

                                            Asset class
                                            Allocation
                                        

                                    
                                    
                                                

                                                    
                                                        

                                                        
Australian Listed Property (REITs)

                                                    		
                                                    50.0%
                                                

                                                

                                                    
                                                        

                                                        
International Listed Property (REITs)

                                                    		
                                                    50.0%
                                                


                                    
                                

                            

                        

                    

            

        


        


    


        

            

        

    



    







    


        

            

                    

                        

                            
Sector allocation

                        

                        
As at 31 August 2024

                    

                    

                        

                            

                                

                                    
                                        

                                            Sector
                                            Allocation
                                        

                                    
                                    
                                                

                                                    
                                                        

                                                        
Industrial REITs

                                                    		
                                                    26.6%
                                                

                                                

                                                    
                                                        

                                                        
Retail REITs

                                                    		
                                                    21.6%
                                                

                                                

                                                    
                                                        

                                                        
Diversified REITs

                                                    		
                                                    15.2%
                                                

                                                

                                                    
                                                        

                                                        
Office REITs

                                                    		
                                                    5.9%
                                                

                                                

                                                    
                                                        

                                                        
Multi-Family Residential REITs

                                                    		
                                                    5.7%
                                                

                                                

                                                    
                                                        

                                                        
Health Care REITs

                                                    		
                                                    4.7%
                                                

                                                

                                                    
                                                        

                                                        
Self Storage REITs

                                                    		
                                                    4.5%
                                                

                                                

                                                    
                                                        

                                                        
Data Center REITs

                                                    		
                                                    4.0%
                                                

                                                

                                                    
                                                        

                                                        
Real Estate Operating Companies

                                                    		
                                                    3.8%
                                                

                                                

                                                    
                                                        

                                                        
Other Specialized REITs

                                                    		
                                                    3.6%
                                                


                                    
                                

                            

                        

                    

            

        


        


    


        

            

        

    



    




    

        

            

                
Major holdings
4


By value (descending order) as at 31 Aug 2024
5

            


            

                    

                            
Australian shares

                        
    
                                
  • 
                                    Goodman Group
                                
    • 
                                
  • 
                                    Scentre Group
                                
    • 
                                
  • 
                                    Stockland
                                
    • 
                                
  • 
                                    GPT Group
                                
    • 
                                
  • 
                                    Vicinity Ltd
                                
    • 
                                
  • 
                                    Mirvac Group
                                
    • 
                                
  • 
                                    Dexus
                                
    • 
                                
  • 
                                    Charter Hall Group
                                
    • 
                                
  • 
                                    National Storage REIT
                                
    • 
                                
  • 
                                    Region RE Ltd
                                
    • 
                        

                    

                    

                            
International shares

                        
    
                                
  • 
                                    Prologis Inc
                                
    • 
                                
  • 
                                    Equinix Inc
                                
    • 
                                
  • 
                                    Welltower Inc
                                
    • 
                                
  • 
                                    Public Storage
                                
    • 
                                
  • 
                                    Realty Income Corp
                                
    • 
                                
  • 
                                    Simon Property Group Inc
                                
    • 
                                
  • 
                                    Digital Realty Trust Inc
                                
    • 
                                
  • 
                                    VICI Properties Inc
                                
    • 
                                
  • 
                                    Extra Space Storage Inc
                                
    • 
                                
  • 
                                    Iron Mountain Inc
                                
    • 
                        

                    

            

                

                    
                        View all holdings
                    
                

        

    



    

        


Things you need to know


    
    
  1. Size of both accumulation and pension assets.
    2. 
    
  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. 
    
  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. 
    
  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. 
    
  5. Value includes direct holdings only and does not include exposures from indirect holdings.
    6. 




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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