Each investment option has an objective which is the desired performance outcome.
Diversified investment options
For each diversified 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 assets 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.
The current benchmarks for the diversified options are shown below.
|Option||Super and Transition to retirement Benchmark||Income stream Benchmark|
|High Growth||CPI + 4.00%||CPI + 4.50%|
|Growth||CPI + 3.75%||CPI + 4.25%|
|Diversified Socially Responsible Investment (SRI)||CPI + 3.25%||CPI + 3.00%|
|Balanced Growth||CPI + 3.00%||CPI + 3.50%|
||CPI + 1.25%||CPI + 1.75%|
Single asset class investment options
To benchmark the performance of our asset class options, we use a relevant benchmark or index. The current benchmarks for our single asset class options are shown below.
|Australian Equities||Aware Super Custom Index on MSCI Australia Shares 300^1|
|Australian Equities Socially Responsible (SRI)||Aware Super Custom Index on MSCI Australia Shares 200^1|
|International Equities||Aware Super Custom Index on MSCI World ex-Australia^1 (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 may change the benchmark 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).
Investment objectives and benchmarks are current as at 1 October 2020.
A custom index calculated by MSCI based on the responsible ownership criteria provided by Aware Super. ↩