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Overview

Our Conservative Balanced option is a diversified option with a slight focus on growth assets such as shares and private equity. It has 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.

Conservative Balanced is the default investment option for:
 

  • Future Saver MySuper Lifecycle members aged 65 and over
  • Retirement Transition members
  • Retirement Income members.

Why you’d invest

This might be a suitable option if you:
 

  • are seeking a balance between capital growth and capital stability,
  • can accept fluctuations in returns. This includes years when returns are negative, and
  • are prepared to stay invested in the option for 5 years or longer.

Did you know?

The investment objective, mix of assets and fees may be different depending on your account type (Future Saver, Retirement Transition or Retirement Income).

Account type

Investment Objective

CPI + 2.75% p.a.

(after fees, costs and tax) over rolling 10-year periods.
 

Timeframe

5 years

Suited to investors who are prepared to invest in this option for 5 or more years.
 

Risk

Short-term risk:
5 - Medium to High

Long-term risk:
3 - Low to Medium

Estimated number of negative annual returns over any 20-year period: 3 to less than 4 times.

Learn more about short and long-term risk

Cost of product for $50,000 account balance1

$397

Calculation of the fees and costs that can affect your super investment over a 1-year period.

Learn more about our fees and costs
 

1 The cost of product assumes a balance of $50,000. It includes administration fees. It also includes an estimate of ‘Investment fees and costs’ and ‘Transaction costs’. ‘Investment fees and costs’ and ‘Transaction costs’ are based on the fees and costs for the year ended 30 June 2024, other than performance fees which are a 5-year average. Fees and costs can vary from year to year. 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. If you have insurance, premiums will apply. Refer to the relevant PDS or Handbook for more information.

Growth asset and defensive asset split

This is the target percentage that will be invested in growth assets and defensive assets.

Scroll table horizontally on mobile

  Target Range
Growth assets 59% 39% - 79%
Defensive assets 41% 21% - 61%

Asset Allocation

These are the target and asset allocation ranges for the option, effective 30 September 2024.

Scroll table horizontally on mobile

  Target  Range 
Australian shares 16% 6% - 26%
International shares 24% 14% - 34%
Private equity 5% 0% - 25%
Infrastructure 10.5% 0% - 31%
Property 7.5% 0% - 28%
Liquid alternatives (Growth) 1% 0% - 21%
Liquid alternatives (Defensive) 0% 0% - 20%
Credit income 7% 0% - 27%
Fixed income 17% 0% - 35%
Cash 12% 0% - 60%
Currency exposure 16% 0% - 34%

Investment Objective

CPI + 2.75% p.a.

(after fees, costs and tax) over rolling 10-year periods.
 

Timeframe

5 years

Suited to investors who are prepared to invest in this option for 5 or more years.
 

Risk

Short-term risk:
5 - Medium to High

Long-term risk:
3 - Low to Medium

Estimated number of negative annual returns over any 20-year period: 3 to less than 4 times.

Learn more about short and long-term risk

Cost of product for $50,000 account balance2

$437

Calculation of the fees and costs that can affect your super investment over a 1-year period.

Learn more about our fees and costs
 

2 The cost of product assumes a balance of $50,000. It includes administration fees. It also includes an estimate of ‘Investment fees and costs’ and ‘Transaction costs’. ‘Investment fees and costs’ and ‘Transaction costs’ are based on the fees and costs for the year ended 30 June 2024, other than performance fees which are a 5-year average. Fees and costs can vary from year to year. 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. If you have insurance, premiums will apply. Refer to the relevant PDS or Handbook for more information.

Growth asset and defensive asset split

This is the target percentage that will be invested in growth assets and defensive assets.

Scroll table horizontally on mobile

  Target Range
Growth assets 59% 39% - 79%
Defensive assets 41% 21% - 61%

Asset Allocation

These are the target and asset allocation ranges for the option, effective 30 September 2024. 

Scroll table horizontally on mobile

  Target  Range 
Australian shares 16% 6% - 26%
International shares 24% 14% - 34%
Private equity 5% 0% - 25%
Infrastructure 10.5% 0% - 31%
Property 7.5% 0% - 28%
Liquid alternatives (Growth) 1% 0% - 21%
Liquid alternatives (Defensive) 0% 0% - 20%
Credit income 7% 0% - 27%
Fixed income 17% 0% - 35%
Cash 12% 0% - 60%
Currency exposure 16% 0% - 34%

Return Objective

CPI + 3.25% p.a.

(after fees, costs and tax) over rolling 10-year periods.
 

Timeframe

5 years

Suited to investors who are prepared to invest in this option for 5 or more years.
 

Risk

Short-term risk:
4 - Medium

Long-term risk:
2 - Low

Estimated number of negative annual returns over any 20-year period: 2 to less than 3 times.

Learn more about short and long-term risk

Cost of product for $50,000 account balance3

$437

Calculation of the fees and costs that can affect your super investment over a 1-year period.

Learn more about our fees and costs
 

^ As the Aware Super Term Allocated Pension (TAP) invests in the same way as Aware Super Retirement Income, this information also applies to members in the TAP.

3 The cost of product assumes a balance of $50,000. It includes administration fees. It also includes an estimate of ‘Investment fees and costs’ and ‘Transaction costs’. ‘Investment fees and costs’ and ‘Transaction costs’ are based on the fees and costs for the year ended 30 June 2024, other than performance fees which are a 5-year average. Fees and costs can vary from year to year. 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. If you have insurance, premiums will apply.  Refer to the relevant PDS or Handbook for more information.

Growth asset and defensive asset split

This is the target percentage that will be invested in growth assets and defensive assets.

Scroll table horizontally on mobile

  Target Range
Growth assets 59% 39% - 79%
Defensive assets 41% 21% - 61%

Asset Allocation

These are the target and asset allocation ranges for the option, effective 30 September 2024.

Scroll table horizontally on mobile

  Target Range
Australian shares* 17% 7% - 27%
International shares* 22.5% 12% - 33%
Private equity 5% 0% - 25%
Infrastructure 10.5% 0% - 31%
Property 7.5% 0% - 28%
Liquid alternatives (Growth) 0% 0% - 10%
Liquid alternatives (Defensive) 4% 0% - 24%
Credit income 7% 0% - 27%
Fixed income 17% 0% - 35%
Cash 9.5% 0% - 60%
Currency exposure 15% 0% - 33%

 

* Note the equities investments for Retirement Income accounts have a focus on companies that are defensively positioned for this option. By contrast, the equities portfolios for Future Saver and Retirement Transition accounts have a greater focus on growth. Please refer to the ‘We invest differently in retirement’ section in the Retirement Income PDS for more information. 

You can choose to invest in one option or a combination of options. And you can switch your investment options at any time for free.

View our forms and resources page to download important documents

Frequently asked questions

We’re here to help you achieve your financial goals. We can provide simple financial advice, over the phone, to answer any questions.

You can speak to a qualified financial planner who can help you make investment choices that meet your financial goals.

Book an appointment