Our investment options
- Future Saver
- Retirement Transition
- Retirement Income
Our High Growth option has a large allocation to growth assets like shares and private equity. It has a target split of 88% growth assets and 12% defensive assets. It's designed to make the most of the potential to grow members’ savings by maximising returns over the long term.
Our High Growth Socially Conscious option is managed with specific restrictions and exclusions known as screens. It seeks to exclude or restrict investments in certain industries and companies considered to have a highly adverse environmental or social impact.
The option has a target split of 88% growth assets and 12% defensive assets.
Our High Growth Indexed option is a low-cost diversified option. It has a target split of 88% growth assets and 12% defensive assets and invests mostly in Australian and international shares. However, there are small allocations to fixed income (bonds) and cash. Apart from cash, the asset classes within this option are passively managed.
Our Balanced option is mostly invested in growth assets like shares and private equity. It has a target split of 75% growth assets and 25% defensive assets.
Our Balanced Socially Conscious option is managed with specific restrictions and exclusions known as screens. It seeks to exclude or restrict investments in certain industries and companies considered to have a highly adverse environmental or social impact.
The option has a target split of 75% growth assets and 25% defensive assets.
Balanced Indexed is a low-cost diversified option that invests mostly in Australian and international shares. It has a target split of 75% growth assets and 25% defensive assets. Apart from cash, the asset classes within this option are passively managed.
Our Conservative Balanced option is a diversified option with a target split of 59% growth assets and 41% defensive assets. It’s designed to balance the need for capital growth while helping guard against large market falls.
Our Conservative option is a diversified option with a target split of 39% growth assets and 61% defensive assets. It’s designed for members seeking modest capital growth who are less comfortable with significant fluctuations in the value of their investments.
Our Defensive option is our lowest risk diversified option. It invests mostly in defensive assets like cash and fixed income (bonds), with a target split of 25% growth assets and 75% defensive assets. It’s designed for members with a short to medium-term investment timeframe seeking fairly stable returns.
Australian Shares is a low-cost, single asset class investment option. It invests in a range of companies listed on the Australian Securities Exchange (ASX). The option is passively managed.
Our International Shares option is a low-cost, single asset class investment option. It invests in companies listed on securities exchanges in developed markets. The option is passively managed and is unhedged. This means it will fluctuate both due to changes in share prices and currency movements.
Our Property option is a low-cost, single asset class option. It invests in a passively managed portfolio of global property securities. International investments are usually fully hedged. This means they are protected against the impact of currency fluctuations.
Our Bonds option is a low-cost, single asset class investment option. It invests in a passively managed portfolio of Australian and international fixed income investments. International fixed income investments will generally be fully hedged. This means they are protected against the impact of currency fluctuations on investment returns.
Cash is a low-cost, single asset class investment option that invests in term deposits and other short-term interest-bearing investments.
A non-unitised option that allows you to invest directly in term deposits for a term of 3, 6, 9 or 12 months.
Our High Growth option has a large allocation to growth assets like shares and private equity. It has a target split of 88% growth assets and 12% defensive assets. It's designed to make the most of the potential to grow members’ savings by maximising returns over the long term.
Our High Growth Socially Conscious option is managed with specific restrictions and exclusions known as screens. It seeks to exclude or restrict investments in certain industries and companies considered to have a highly adverse environmental or social impact.
The option has a target split of 88% growth assets and 12% defensive assets.
Our High Growth Indexed option is a low-cost diversified option. It has a target split of 88% growth assets and 12% defensive assets and invests mostly in Australian and international shares. However, there are small allocations to fixed income (bonds) and cash. Apart from cash, the asset classes within this option are passively managed.
Our Balanced option is mostly invested in growth assets like shares and private equity. It has a target split of 75% growth assets and 25% defensive assets.
Our Balanced Socially Conscious option is managed with specific restrictions and exclusions known as screens. It seeks to exclude or restrict investments in certain industries and companies considered to have a highly adverse environmental or social impact.
The option has a target split of 75% growth assets and 25% defensive assets.
Balanced Indexed is a low-cost diversified option that invests mostly in Australian and international shares. It has a target split of 75% growth assets and 25% defensive assets. Apart from cash, the asset classes within this option are passively managed.
Our Conservative Balanced option is a diversified option with a target split of 59% growth assets and 41% defensive assets. It’s designed to balance the need for capital growth while helping guard against large market falls.
Our Conservative option is a diversified option with a target split of 39% growth assets and 61% defensive assets. It’s designed for members seeking modest capital growth who are less comfortable with significant fluctuations in the value of their investments.
Our Defensive option is our lowest risk diversified option. It invests mostly in defensive assets like cash and fixed income (bonds), with a target split of 25% growth assets and 75% defensive assets. It’s designed for members with a short to medium-term investment timeframe seeking fairly stable returns.
Australian Shares is a low-cost, single asset class investment option. It invests in a range of companies listed on the Australian Securities Exchange (ASX). The option is passively managed.
Our International Shares option is a low-cost, single asset class investment option. It invests in companies listed on securities exchanges in developed markets. The option is passively managed and is unhedged. This means it will fluctuate both due to changes in share prices and currency movements.
Our Property option is a low-cost, single asset class option. It invests in a passively managed portfolio of global property securities. International investments are usually fully hedged. This means they are protected against the impact of currency fluctuations.
Our Bonds option is a low-cost, single asset class investment option. It invests in a passively managed portfolio of Australian and international fixed income investments. International fixed income investments will generally be fully hedged. This means they are protected against the impact of currency fluctuations on investment returns.
Cash is a low-cost, single asset class investment option that invests in term deposits and other short-term interest-bearing investments.
A non-unitised option that allows you to invest directly in term deposits for a term of 3, 6, 9 or 12 months.
Our High Growth option has a large allocation to growth assets like shares and private equity. It has a target split of 88% growth assets and 12% defensive assets. It's designed to make the most of the potential to grow members’ savings by maximising returns over the long term.
Our Balanced option is mostly invested in growth assets like shares and private equity. It has a target split of 75% growth assets and 25% defensive assets.
Our Conservative Balanced option is a diversified option with a target split of 59% growth assets and 41% defensive assets. It’s designed to balance the need for capital growth while helping guard against large market falls.
Our Conservative Balanced Socially Conscious option is managed with specific restrictions and exclusions known as screens. It seeks to exclude or restrict investments in certain industries and companies considered to have a highly adverse environmental or social impact.
The option has a target split of 59% growth assets and 41% defensive assets.
Conservative Balanced Indexed is a low-cost diversified option. It has a target split of 59% growth assets and 41% defensive assets. Apart from cash, the asset classes within this option are passively managed.
Our Conservative option is a diversified option with a target split of 39% growth assets and 61% defensive assets. It’s designed for members seeking modest capital growth who are less comfortable with significant fluctuations in the value of their investments.
Our Conservative Socially Conscious option is managed with specific restrictions and exclusions known as screens. It seeks to exclude or restrict investments in certain industries and companies considered to have a highly adverse environmental or social impact.
The option has a target split of 39% growth assets and 61% defensive assets.
Conservative Indexed is a low-cost diversified option. It has a target split of 39% growth assets and 61% defensive assets. Apart from cash, the asset classes within this option are passively managed.
Our Defensive option is our lowest risk diversified option. It invests mostly in defensive assets like cash and fixed income (bonds), with a target split of 25% growth assets and 75% defensive assets. It’s designed for members with a short to medium-term investment timeframe seeking fairly stable returns.
Australian Shares is a low-cost, single asset class investment option. It invests in a range of companies listed on the Australian Securities Exchange (ASX). The option is passively managed.
Our International Shares option is a low-cost, single asset class investment option. It invests in companies listed on securities exchanges in developed markets. The option is passively managed and is unhedged. This means it will fluctuate both due to changes in share prices and currency movements.
Our Property option is a low-cost, single asset class option. It invests in a passively managed portfolio of global property securities. International investments are usually fully hedged. This means they are protected against the impact of currency fluctuations.
Our Bonds option is a low-cost, single asset class investment option. It invests in a passively managed portfolio of Australian and international fixed income investments. International fixed income investments will generally be fully hedged. This means they are protected against the impact of currency fluctuations on investment returns.
Cash is a low-cost, single asset class investment option that invests in term deposits and other short-term interest-bearing investments.
A non-unitised option that allows you to invest directly in term deposits for a term of 3, 6, 9 or 12 months.
Investment options to suit your financial goals
We offer a range of investment options to suit different risk profiles and retirement goals. Choose from our:
- nine diversified options - these options invest in a mix of different asset classes like shares, fixed income and cash.
- six single asset class options - these options invest in one asset class only like Australian shares.
Prefer to leave investing to us?
If you don’t want to make an investment choice, you can leave the hard work to our investment professionals. If you have a Future Saver account, our MySuper Lifecycle approach might be the right pick for you.
How we perform
We have a track record of delivering strong long-term investment returns for our members.[P1]
See how we perform and compare our investment options:
[P1] Aware Super's High Growth option return over 10 years to 31 March 2025. SuperRatings Fund Crediting Rate Survey, March 2025. Based on the SR50 Growth (77-90) Index. Returns are after tax and investment management expenses but before the deduction of administration fees. Past performance is not an indicator of future performance.
Frequently asked questions
We’ve listed the diversified investment options we offer below, organised by investment style and account type.
Future Saver and Retirement Transition accounts
Scroll table horizontally on mobile
| Core | Socially Conscious | Indexed |
|---|---|---|
| High Growth | High Growth Socially Conscious | High Growth Indexed |
| Balanced | Balanced Socially Conscious | Balanced Indexed |
| Conservative Balanced1 | ||
| Conservative | ||
| Defensive |
1 Default option for Retirement Transition accounts (MySuper Lifecycle is the default for Future Saver accounts).
Retirement Income accounts
Scroll table horizontally on mobile
| Core | Socially Conscious | Indexed |
|---|---|---|
| High Growth | Conservative Balanced Socially Conscious | Conservative Balanced Indexed |
| Balanced | Conservative Socially Conscious | Conservative Indexed |
| Conservative Balanced2 | ||
| Conservative | ||
| Defensive |
2 Default option for Retirement Income accounts.
We also offer six single asset class options for members wanting to be more hands-on in choosing and managing their investments. These are:
- Australian Shares
- International Shares
- Property
- Bonds
- Cash
- Term Deposit
The key features of the three diversified investment option styles are summarised below:
- Core - these options use a range of investment managers and investment styles. They include unlisted assets like infrastructure and property investments.
- Socially Conscious – these options seek to avoid or restrict investments in certain industries and companies considered to have a highly adverse environmental or social impact. Investments are selected and managed according to specific restrictions and exclusions.
- Indexed – these are low-cost options which invest only in liquid asset classes like shares, cash and fixed income.
You can read more about the three diversified investment option styles in the relevant Product Disclosure Statement or Handbook
It depends on your individual circumstances and attitude to risk. If you're not sure which option is right for you, read about the investment options in the Product Disclosure Statement or Handbook, or make an appointment to speak with one of our advisers.
Our investment options have different asset allocations.
Yes, you can switch between investment options at any time, provided you don’t have an investment switch or term deposit application pending. There is no charge for switching investment options.
To switch investment options, login to your online account and go to the 'Investments' tab and then 'Change investment options'. From here, you can view all the available options and select the one you want to switch to.
Alternatively, you can complete a Change your investment options form (PDF, 200kB) and post it to us.
You can also call our super helpful team on 1300 650 873 and they will help you switch investment options.
Unit prices are updated each business day. View the latest unit prices here, or login to your online account and go to the 'Investments' tab.
The Aware Investment Funds allow you to diversify your investments outside of the super environment.