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:
- diversified options – which invest in a mix of different asset classes like shares, fixed income and cash.
- single asset class options – which invest in one asset class only.
- Future Saver/DB VAA^
- Retirement Transition
- Retirement Income/TAP*
Diversified - Core
- Invests in a diversified portfolio of assets targeting 86% in growth assets such as shares and private equity, and 14% in defensive assets.
- Suitable for members looking to maximise long-term returns and who are comfortable with significant fluctuations in the value of their investment.
- Invests in a diversified portfolio of assets targeting 74% in growth assets such as shares and private equity, and 26% in defensive assets such as fixed income.
- Suitable for members seeking strong long-term returns and who are comfortable with fluctuations in the value of their investment.
- Invests in a diversified portfolio of assets targeting 57% in growth assets such as shares, and 43% in defensive assets such as fixed income.
- Suitable for members seeking a balance between capital growth and capital stability and who can tolerate some years when returns may be negative.
- Invests in a diversified portfolio of assets targeting 63% in defensive assets such as fixed income and cash, and 37% in growth assets such as shares.
- Suitable for members who prefer stability in the value of their investment in the short term in exchange for more modest returns over the long term.
- Invests in a diversified portfolio of assets targeting 77% in defensive assets such as cash and fixed income, and 23% in growth assets.
- Suitable for members who seek stability in the value of their investment in the short term in exchange for lower returns over the long term.
Diversified - Socially Conscious
- Restricts investments we consider to have a highly adverse environmental or social impact.
- Invests in a diversified portfolio of assets targeting 86% in growth assets such as shares, and 14% defensive assets such as fixed income.
- Suitable for members looking to maximise long-term returns and who are comfortable with significant fluctuations in the value of their investment.
- Restricts investments we consider to have a highly adverse environmental or social impact.
- Invests in a diversified portfolio of assets targeting 73% growth assets such as shares, and 27% in defensive assets such as fixed income.
- Suitable for members seeking strong long-term returns and who are comfortable with fluctuations in the value of their investment.
Diversified - Indexed
- Invests in a diversified portfolio of listed assets targeting 90% in growth assets such as shares, and 10% in defensive assets such as fixed income.
- Passively managed, meaning lower fees and costs.
- Suitable for members looking to maximise long-term returns and who are comfortable with significant fluctuations in the value of their investment.
- Invests in a diversified portfolio of listed assets targeting 75% in growth assets such as shares, and 25% in defensive assets such as fixed income.
- Passively managed, meaning lower fees and costs.
- Suitable for members seeking strong long-term returns and who are comfortable with fluctuations in the value of their investment.
Single Asset Class
- Invests in a portfolio of companies listed on the Australian Securities Exchange (ASX).
- Passively managed, meaning lower fees and costs.
- Suitable for members seeking strong long-term returns and who are comfortable with significant fluctuations in the value of their investment.
- Invests in a portfolio of companies listed on global stock exchanges in developed markets.
- Passively managed, meaning lower fees and costs.
- Suitable for members seeking strong long-term returns and who are comfortable with significant fluctuations in the value of their investment.
- Invests in a portfolio of property securities listed on global stock exchanges.
- Passively managed, meaning lower fees and costs.
- Suitable for members seeking strong long-term returns and who are comfortable with significant fluctuations in the value of their investment.
- Invests in a portfolio of Australian and international fixed income investments such as government and corporate bonds.
- Passively managed, meaning lower fees and costs.
- Suitable for members seeking relatively stable but modest returns and who can accept some fluctuation in the value of their investment.
- Invests in a portfolio of cash assets such as term deposits and other short-term interest-bearing investments.
- Suitable for members seeking short-term stability and a very low risk investment in exchange for lower returns in the long term.
- A non-unitised option that allows you to invest directly in term deposits for a term of 3, 6, 9 or 12 months.
- Suitable for members seeking a fixed rate of return for locking away funds over a set period of time.
- Note the Term Deposit option is not offered in the Defined Benefit VAA.
Diversified - Core
- Invests in a diversified portfolio of assets targeting 86% in growth assets such as shares and private equity, and 14% in defensive assets.
- Suitable for members looking to maximise long-term returns and who are comfortable with significant fluctuations in the value of their investment.
- Invests in a diversified portfolio of assets targeting 74% in growth assets such as shares and private equity, and 26% in defensive assets such as fixed income.
- Suitable for members seeking strong long-term returns and who are comfortable with fluctuations in the value of their investment.
- Invests in a diversified portfolio of assets targeting 57% in growth assets such as shares, and 43% in defensive assets such as fixed income.
- Suitable for members seeking a balance between capital growth and capital stability and who can tolerate some years where returns may be negative.
- Invests in a diversified portfolio of assets targeting 63% in defensive assets such as fixed income and cash, and 37% in growth assets such as shares.
- Suitable for members who prefer stability in the value of their investment in the short term in exchange for more modest returns over the long term.
- Invests in a diversified portfolio of assets targeting 77% in defensive assets such as cash and fixed income, and 23% in growth assets.
- Suitable for members who seek stability in the value of their investment in the short term in exchange for lower returns over the long term.
Diversified - Socially Conscious
- Restricts investments we consider to have a highly adverse environmental or social impact.
- Invests in a diversified portfolio of assets targeting 86% in growth assets such as shares, and 14% defensive assets such as fixed income.
- Suitable for members looking to maximise long-term returns and who are comfortable with significant fluctuations in the value of their investment.
- Restricts investments we consider to have a highly adverse environmental or social impact.
- Invests in a diversified portfolio of assets targeting 73% growth assets such as shares, and 27% in defensive assets such as fixed income.
- Suitable for members seeking strong long-term returns and who are comfortable with fluctuations in the value of their investment.
Diversified - Indexed
- Invests in a diversified portfolio of listed assets targeting 90% in growth assets such as shares, and 10% in defensive assets such as fixed income.
- Passively managed, meaning lower fees and costs.
- Suitable for members looking to maximise long-term returns and who are comfortable with significant fluctuations in the value of their investment.
- Invests in a diversified portfolio of listed assets targeting 75% in growth assets such as shares, and 25% in defensive assets such as fixed income.
- Passively managed, meaning lower fees and costs.
- Suitable for members seeking strong long-term returns and who are comfortable with fluctuations in the value of their investment.
Single Asset Class
- Invests in a portfolio of companies listed on the Australian Securities Exchange (ASX).
- Passively managed, meaning lower fees and costs.
- Suitable for members seeking strong long-term returns and who are comfortable with significant fluctuations in the value of their investment.
- Invests in a portfolio of companies listed on global stock exchanges in developed markets.
- Passively managed, meaning lower fees and costs.
- Suitable for members seeking strong long-term returns and who are comfortable with significant fluctuations in the value of their investment.
- Invests in a portfolio of property securities listed on global stock exchanges.
- Passively managed, meaning lower fees and costs.
- Suitable for members seeking strong long-term returns and who are comfortable with significant fluctuations in the value of their investment.
- Invests in a portfolio of Australian and international fixed income investments such as government and corporate bonds.
- Passively managed, meaning lower fees and costs.
- Suitable for members seeking relatively stable but modest returns and who can accept some fluctuation in the value of their investment.
- Invests in a portfolio of cash assets such as term deposits and other short-term interest-bearing investments.
- Suitable for members seeking short-term stability and a very low risk investment in exchange for lower returns in the long term.
- A non-unitised option that allows you to invest directly in term deposits for a term of 3, 6, 9 or 12 months.
- Suitable for members seeking a fixed rate of return for locking away funds over a set period of time.
Diversified - Core
- Invests in a diversified portfolio of assets targeting 86% in growth assets such as shares and private equity, and 14% in defensive assets.
- Suitable for members looking to maximise long-term returns and who are comfortable with significant fluctuations in the value of their investment.
- Invests in a diversified portfolio of assets targeting 74% in growth assets such as shares and private equity, and 26% in defensive assets such as fixed income.
- Suitable for members seeking strong long-term returns and who are comfortable with fluctuations in the value of their investment.
- Invests in a diversified portfolio of assets targeting 57% in growth assets such as shares, and 43% in defensive assets such as fixed income.
- Suitable for members seeking a balance between capital growth and capital stability who can tolerate some years where returns may be negative.
- Is the default option for Retirement Income members who do not make an investment choice.
- Invests in a diversified portfolio of assets targeting 63% in defensive assets such as fixed income and cash, and 37% in growth assets such as shares.
- Suitable for members who prefer stability in the value of their investment over the short term in exchange for modest returns over the long term.
- Invests in a diversified portfolio of assets targeting 77% in defensive assets such as cash and fixed income, and 23% in growth assets.
- Suitable for members who seek stability in the value of their investment over the short term in exchange for lower returns over the long term.
Diversified - Socially Conscious
- Restricts investments we consider to have a highly adverse environmental or social impact.
- Invests in a diversified portfolio of assets targeting 57% growth assets such as shares, and 43% in defensive assets such as fixed income.
- Suitable for members seeking a balance between capital growth and capital stability and who can tolerate some years when returns may be negative.
- Restricts investments we consider to have a highly adverse environmental or social impact.
- Invests in a diversified portfolio of assets targeting 63% in defensive assets such as fixed income, and 37% in growth assets such as shares.
- Suitable for members who prefer stability in the value of their investment in the short term in exchange for modest returns over the long term.
Diversified - Indexed
- Invests in a diversified portfolio of listed assets targeting 59% in growth assets, and 41% in defensive assets.
- Passively managed, meaning lower fees and costs.
- Suitable for members seeking a balance between capital growth and capital stability and who can tolerate some years where returns may be negative.
- Invests in a diversified portfolio of listed assets targeting 61% in defensive assets, and 39% in growth assets.
- Passively managed, meaning lower fees and costs.
- Suitable for members who prefer stability in the value of their investment in the short term in exchange for more modest returns over the long term.
Single Asset Class
- Invests in a portfolio of companies listed on the Australian Securities Exchange (ASX).
- Passively managed, meaning lower fees and costs.
- Suitable for members seeking strong long-term returns and who are comfortable with significant fluctuations in the value of their investment.
- Invests in a portfolio of companies listed on global stock exchanges in developed markets.
- Passively managed, meaning lower fees and costs.
- Suitable for members seeking strong long-term returns and who are comfortable with significant fluctuations in the value of their investment.
- Invests in a portfolio of property securities listed on global stock exchanges.
- Passively managed, meaning lower fees and costs.
- Suitable for members seeking strong long-term returns who are comfortable with significant fluctuations in the value of their investment.
- Invests in a portfolio of Australian and international fixed income investments such as government and corporate bonds.
- Passively managed, meaning lower fees and costs.
- Suitable for members seeking relatively stable but modest returns and who can accept some fluctuation in the value of their investment.
- Invests in a portfolio of cash assets such as term deposits and other short-term interest-bearing investments.
- Suitable for members seeking short-term stability and a very low risk investment in exchange for lower returns in the long term.
- A non-unitised option that allows you to invest directly in term deposits for a term of 3, 6, 9 or 12 months.
- Suitable for members seeking a fixed rate of return for locking away funds over a set period of time.
^DB VAA refers to Aware Super Defined Benefit - Telstra Plan Voluntary Accumulation Account, an account type within the Aware Super Defined Benefit - Telstra Plan product which commenced on 30 April 2026. This product is closed to new members. Note the Term Deposit option is not offered in the DB VAA.
*TAP refers to the Aware Super Term Allocated Pension. This product is closed to new members.
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 30 June 2026. SuperRatings Fund Crediting Rate Survey, June 2026. Based on the SR 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
The key features of each style of diversified investment option are summarised below:
- Core - these options invest across a range of investment managers and styles, and include both listed investments such as shares, and unlisted assets like infrastructure and property.
- Socially Conscious – these options restrict or exclude investments we consider to have a highly adverse environmental or social impact. They hold both listed and unlisted assets across a range of investment managers and styles.
- Indexed – these are low cost, passively managed options. They invest only in listed asset classes such as shares 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 investment option is right for you, read more about the different 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.
You can switch by logging into Member Online. 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 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.