- Future Saver/DB VAA
- Retirement Transition
- Retirement Income/TAP
Fees listed above include ‘Investment fees and costs’ and ‘Transaction costs’ and exclude ‘Administration fees’. Indicative only based on historical fee and cost data as at 30 June 2026. The amount you’ll pay in future years will depend on the fees and costs incurred by the trustee in managing the investment option. Other fees and costs may apply. Learn more about our fees and costs
Fees listed above include ‘Investment fees and costs’ and ‘Transaction costs’ and exclude ‘Administration fees’. Indicative only based on historical fee and cost data as at 30 June 2026. The amount you’ll pay in future years will depend on the fees and costs incurred by the trustee in managing the investment option. Other fees and costs may apply. Learn more about our fees and costs
Fees listed above include ‘Investment fees and costs’ and ‘Transaction costs’ and exclude ‘Administration fees’. Indicative only based on historical fee and cost data as at 30 June 2026. The amount you’ll pay in future years will depend on the fees and costs incurred by the trustee in managing the investment option. Other fees and costs may apply. Learn more about our fees and costs
Level of risk
- Future Saver/DB VAA
- Retirement Transition
- Retirement Income/TAP
What it invests in
This option invests in a range of asset types (listed and unlisted), investment managers and styles.
Below are the option’s asset allocation targets and ranges.
- Future Saver/DB VAA
- Retirement Transition
- Retirement Income/TAP
| Asset class | Target | Range |
|---|---|---|
| Australian shares | 9% | 0–19% |
| International shares | 13% | 3–23% |
| Private equity | 2% | 0–23% |
| Infrastructure | 9.9% | 0–31% |
| Property | 7.5% | 0–28% |
| Liquid alternatives (growth) | 0% | 0–10% |
| Liquid alternatives (defensive) | 0% | 0–20% |
| Credit income | 7.9% | 0–29% |
| Fixed income | 28.5% | 0–49% |
| Cash | 22.2% | 0–75% |
| Asset class | Target | Range |
|---|---|---|
| Australian shares | 9% | 0–19% |
| International shares | 13% | 3–23% |
| Private equity | 2% | 0–23% |
| Infrastructure | 9.9% | 0–31% |
| Property | 7.5% | 0–28% |
| Liquid alternatives (growth) | 0% | 0–10% |
| Liquid alternatives (defensive) | 0% | 0–20% |
| Credit income | 7.9% | 0–29% |
| Fixed income | 28.5% | 0–49% |
| Cash | 22.2% | 0–75% |
| Asset class | Target | Range |
|---|---|---|
| Australian shares* | 10% | 0–20% |
| International shares* | 12% | 2–22% |
| Private equity | 2% | 0–23% |
| Infrastructure | 9.4% | 0–31% |
| Property | 7.5% | 0–28% |
| Liquid alternatives (growth) | 0% | 0–10% |
| Liquid alternatives (defensive) | 2% | 0–22% |
| Credit income | 7.9% | 0–29% |
| Fixed income | 28.5% | 0–49% |
| Cash | 20.7% | 0–75% |
* For Retirement Income accounts, the shares asset classes invest in strategies designed to manage market volatility. Refer to the ‘We invest differently in retirement’ section in the Retirement Income PDS for more information.
What's next
Last updated: September 2026
[AD2] Members can get advice about their Aware Super accounts at no extra cost, or advice on their broader needs for a fee.
[AD4] Aware Super data, member super check-ins from December 2024 - November 2025.
[M5] Retirement income and investment earnings are not guaranteed. Payments will cease once the account balance is depleted.