Each investment option has an objective which is the desired performance outcome.

When making an investment choice, keep in mind that objectives and benchmarks are tools to monitor performance. They are not a forecast of future returns or a prediction of the earnings on your investment.

View your investment mix

Login now

Pre-mixed investment options

For each pre-mixed option, the investment objective is to achieve investment returns above inflation (as measured by the Consumer Price Index) over rolling time periods.

An investment objective is the desired investment outcome. Investment objectives vary with the level of risk associated with the asset(s) that make up the option.

While these benchmarks are not to be taken as a forecast of future performance, they can give you an idea of the expected return outcome of each investment mix. 

We will review and may change an investment objective from time to time. 

Investment objectives

Option Super and Transition to retirement Income stream
High Growth CPI + 4.00% CPI + 4.50%
Growth CPI + 3.75% CPI + 4.25%
Diversified Socially Responsible CPI + 3.25% CPI + 3.00%
Balanced Growth CPI + 3.00% CPI + 3.50%
Conservative Growth
CPI + 1.25% CPI + 1.75%

Single asset option benchmarks

To benchmark the performance of our asset class options, we use internationally recognised standard indices as our benchmark.

For example, the benchmark for shares are usually a stock exchange index for the performance of the broader market. From time to time, we review and sometimes change the benchmark.

Option Benchmark
Australian Equities S&P ASX 300 Accumulation Index
Australian Socially Responsible Equities S&P ASX 200 Accumulation Index
International Equities MSCI World ex Australia ex-Tobacco securities Net Dividends Accumulation Index (unhedged) in Australian dollars
Property FTSE EPRA/NAREIT Developed Rental Index Net Dividends Reinvested (100% hedged) in Australian dollars & CPI + 5% p.a.
Australian Fixed Interest Bloomberg AusBond Composite 0+Yr Index
International Fixed Interest Bloomberg Barclays Global Aggregate Float Adjusted Index (100% hedged) in Australian dollars
Cash Bloomberg AusBond Bank Bill Index

We will review and may change the investment objective of an investment option from time to time.

For more information, see the Member Booklet Supplement: Investments. If you are an income stream member, see the Member Booklet: Transition to retirement Income Stream (PDS) or the Member Booklet: Retirement Income Stream (PDS).

The above Product Disclosure Statements retain the First State Super branding and trustee name. For more information on the change of our brand and trustee name to Aware Super Pty Ltd see here. 

Investment objectives and benchmarks are current as at 1 April 2020.