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 - which invest in a mix of different asset classes like shares, fixed income and cash.
- six single asset class options – which invest in one asset class only.
- Future Saver
- Retirement Transition
- Retirement Income
Diversified - Core
Our High Growth option invests in a wide range of asset classes with a strong focus on growth assets. It targets 88% in growth assets such as shares and private equity, and 12% in defensive assets. This option is designed for members looking to maximise returns over the long term, who are comfortable with significant fluctuations in the value of their investments.
Our Balanced option invests in a wide range of asset classes with a focus on growth assets. It targets 75% in growth assets such as shares and private equity, and 25% in defensive assets such as fixed income. This option is designed for members seeking strong returns over the long term, who are comfortable with fluctuations in the value of their investments.
Our Conservative Balanced option invests in a wide range of asset classes with a slight focus on growth assets. It targets 59% in growth assets such as shares, and 41% in defensive assets such as fixed income. This option is designed for members seeking a balance between capital growth and capital stability who can tolerate some years where returns are negative.
Our Conservative option invests in a wide range of asset classes with a slight focus on defensive assets. It targets 61% defensive assets such as fixed income and cash, and 39% in growth assets such as shares. This option is designed for members seeking modest capital growth over the medium term who are less comfortable with significant fluctuations in the value of their investments.
Our Defensive option invests in a wide range of asset classes with a focus on defensive assets. It targets 75% in defensive assets such as cash and fixed income, and 25% in growth assets. This option is designed for members seeking fairly stable returns over the short to medium term.
Diversified - Socially Conscious
Our High Growth Socially Conscious option is designed for members looking to maximise their long-term growth while also seeking to invest in accordance with Aware Super’s Socially Conscious approach. It excludes or restricts investments Aware Super considers to have a highly adverse environmental or social impact.
The option targets 88% in growth assets such as shares, and 12% defensive assets such as fixed income.
Our Balanced Socially Conscious option is designed for members seeking strong long-term returns while also looking to invest in accordance with Aware Super’s Socially Conscious approach. It excludes or restricts investments Aware Super considers to have a highly adverse environmental or social impact.
The option targets 75% growth assets such as shares, and 25% in defensive assets such as fixed income.
Diversified - Indexed
Our High Growth Indexed option invests in a range of passively managed listed assets, targeting 90% in growth assets and 10% in defensive assets. It’s designed for members looking to maximise long-term growth via a low-cost diversified option, who are comfortable with significant fluctuations in the value of their investments.
Our Balanced Indexed option invests in a range of passively managed listed assets, targeting 75% in growth assets and 25% in defensive assets. It’s designed for members seeking strong long-term returns via a low-cost diversified option, who are comfortable with fluctuations in the value of their investments.
Single Asset Class
Our Australian Shares option invests in a passively managed portfolio of companies listed on the Australian Securities Exchange (ASX). It’s designed for members seeking strong long-term returns from a low-cost exposure to Australian shares, who are comfortable with significant fluctuations in the value of their investments.
Our International Shares option invests in a passively managed portfolio of companies listed on global stock exchanges in developed markets. It’s designed for members seeking strong long-term returns from a low-cost exposure to global shares, who are comfortable with significant fluctuations in the value of their investments.
The option is unhedged meaning its value will be impacted by both changes in share prices and currency movements.
Our Property option invests in a passively managed portfolio of property securities listed on global stock exchanges. It’s designed for members seeking strong long-term returns from a low-cost exposure to global property, who are comfortable with significant fluctuations in the value of their investments.
The option’s international investments are usually hedged meaning they are protected against the impact of currency movements.
Our Bonds option invests in a passively managed portfolio of Australian and international fixed income investments such as government and corporate bonds. It’s designed for members seeking relatively stable but modest returns from a low-cost exposure to bonds, who are willing to accept some fluctuation in the value of their investments.
The option’s international investments are usually hedged meaning they are protected against the impact of currency movements.
Our Cash option invests in term deposits and other short-term interest-bearing investments. It’s designed for members seeking a low cost, low risk short-term cash investment with stable but low expected returns.
A non-unitised option that allows you to invest directly in term deposits for a term of 3, 6, 9 or 12 months. It’s designed for members seeking a fixed rate of return for locking away funds over a set period of time.
Diversified - Core
Our High Growth option invests in a wide range of asset classes with a strong focus on growth assets. It targets 88% in growth assets such as shares and private equity, and 12% in defensive assets. This option is designed for members looking to maximise returns over the long term, who are comfortable with significant fluctuations in the value of their investments.
Our Balanced option invests in a wide range of asset classes with a focus on growth assets. It targets 75% in growth assets such as shares and private equity, and 25% in defensive assets such as fixed income. This option is designed for members seeking strong returns over the long term, who are comfortable with fluctuations in the value of their investments.
Our Conservative Balanced option invests in a wide range of asset classes with a slight focus on growth assets. It targets 59% in growth assets such as shares, and 41% in defensive assets such as fixed income. This option is designed for members seeking a balance between capital growth and capital stability who can tolerate some years where returns are negative.
Our Conservative option invests in a wide range of asset classes with a slight focus on defensive assets. It targets 61% defensive assets such as fixed income and cash, and 39% in growth assets such as shares. This option is designed for members seeking modest capital growth over the medium term who are less comfortable with significant fluctuations in the value of their investments.
Our Defensive option invests in a wide range of asset classes with a focus on defensive assets. It targets 75% in defensive assets such as cash and fixed income, and 25% in growth assets. This option is designed for members seeking fairly stable returns over the short to medium term.
Diversified - Socially Conscious
Our High Growth Socially Conscious option is designed for members looking to maximise their long-term growth while also seeking to invest in accordance with Aware Super’s Socially Conscious approach. It excludes or restricts investments Aware Super considers to have a highly adverse environmental or social impact.
The option targets 88% in growth assets such as shares, and 12% defensive assets such as fixed income.
Our Balanced Socially Conscious option is designed for members seeking strong long-term returns while also looking to invest in accordance with Aware Super’s Socially Conscious approach. It excludes or restricts investments Aware Super considers to have a highly adverse environmental or social impact.
The option targets 75% growth assets such as shares, and 25% in defensive assets such as fixed income.
Diversified - Indexed
Our High Growth Indexed option invests in a range of passively managed listed assets, targeting 90% in growth assets and 10% in defensive assets. It’s designed for members looking to maximise long-term growth via a low-cost diversified option, who are comfortable with significant fluctuations in the value of their investments.
Our Balanced Indexed option invests in a range of passively managed listed assets, targeting 75% in growth assets and 25% in defensive assets. It’s designed for members seeking strong long-term returns via a low-cost diversified option, who are comfortable with fluctuations in the value of their investments.
Single Asset Class
Our Australian Shares option invests in a passively managed portfolio of companies listed on the Australian Securities Exchange (ASX). It’s designed for members seeking strong long-term returns from a low-cost exposure to Australian shares, who are comfortable with significant fluctuations in the value of their investments.
Our International Shares option invests in a passively managed portfolio of companies listed on global stock exchanges in developed markets. It’s designed for members seeking strong long-term returns from a low-cost exposure to global shares, who are comfortable with significant fluctuations in the value of their investments.
The option is unhedged meaning its value will be impacted by both changes in share prices and currency movements.
Our Property option invests in a passively managed portfolio of property securities listed on global stock exchanges. It’s designed for members seeking strong long-term returns from a low-cost exposure to global property, who are comfortable with significant fluctuations in the value of their investments.
The option’s international investments are usually hedged meaning they are protected against the impact of currency movements.
Our Bonds option invests in a passively managed portfolio of Australian and international fixed income investments such as government and corporate bonds. It’s designed for members seeking relatively stable but modest returns from a low-cost exposure to bonds, who are willing to accept some fluctuation in the value of their investments.
The option’s international investments are usually hedged meaning they are protected against the impact of currency movements.
Our Cash option invests in term deposits and other short-term interest-bearing investments. It’s designed for members seeking a low cost, low risk short-term cash investment with stable but low expected returns.
A non-unitised option that allows you to invest directly in term deposits for a term of 3, 6, 9 or 12 months. It’s designed for members seeking a fixed rate of return for locking away funds over a set period of time.
Diversified - Core
Our High Growth option invests in a wide range of asset classes with a strong focus on growth assets. It targets 88% in growth assets such as shares and private equity, and 12% in defensive assets. This option is designed for members looking to maximise returns over the long term, who are comfortable with significant fluctuations in the value of their investments.
Our Balanced option invests in a wide range of asset classes with a focus on growth assets. It targets 75% in growth assets such as shares and private equity, and 25% in defensive assets such as fixed income. This option is designed for members seeking strong returns over the long term, who are comfortable with fluctuations in the value of their investments.
Our Conservative Balanced option invests in a wide range of asset classes with a slight focus on growth assets. It targets 59% in growth assets such as shares, and 41% in defensive assets such as fixed income. This option is designed for members seeking a balance between capital growth and capital stability who can tolerate some years where returns are negative.
Our Conservative option invests in a wide range of asset classes with a slight focus on defensive assets. It targets 61% defensive assets such as fixed income and cash, and 39% in growth assets such as shares. This option is designed for members seeking modest capital growth over the medium term who are less comfortable with significant fluctuations in the value of their investments.
Our Defensive option invests in a wide range of asset classes with a focus on defensive assets. It targets 75% in defensive assets such as cash and fixed income, and 25% in growth assets. This option is designed for members seeking fairly stable returns over the short to medium term.
Diversified - Socially Conscious
Our Conservative Balanced Socially Conscious option is designed for members seeking a balance between capital growth and capital stability while also looking to invest in accordance with Aware Super’s Socially Conscious approach. It excludes or restricts investments Aware Super considers to have a highly adverse environmental or social impact.
The option targets 59% growth assets such as shares, and 41% in defensive assets such as fixed income.
Our Conservative Socially Conscious option is designed for members seeking modest capital growth over the medium term while also looking to invest in accordance with Aware Super’s Socially Conscious approach. It excludes or restricts investments Aware Super considers to have a highly adverse environmental or social impact.
The option targets 61% in defensive assets such as fixed income, and 39% in growth assets such as shares.
Diversified - Indexed
Our Conservative Balanced Indexed option invests in a range of passively managed listed assets, targeting 59% in growth assets and 41% in defensive assets. It’s designed for members seeking a balance between capital growth and capital stability via a low-cost diversified option, who can tolerate some years when returns are negative.
Our Conservative Indexed option invests in a range of passively managed listed assets, targeting 61% in defensive assets and 39% in growth assets. It’s designed for members seeking modest capital growth over the medium term via a low-cost diversified option, who are less comfortable with significant fluctuations in the value of their investments.
Single Asset Class
Our Australian Shares option invests in a passively managed portfolio of companies listed on the Australian Securities Exchange (ASX). It’s designed for members seeking strong long-term returns from a low-cost exposure to Australian shares, who are comfortable with significant fluctuations in the value of their investments.
Our International Shares option invests in a passively managed portfolio of companies listed on global stock exchanges in developed markets. It’s designed for members seeking strong long-term returns from a low-cost exposure to global shares, who are comfortable with significant fluctuations in the value of their investments.
The option is unhedged meaning its value will be impacted by both changes in share prices and currency movements.
Our Property option invests in a passively managed portfolio of property securities listed on global stock exchanges. It’s designed for members seeking strong long-term returns from a low-cost exposure to global property, who are comfortable with significant fluctuations in the value of their investments.
The option’s international investments are usually hedged meaning they are protected against the impact of currency movements.
Our Bonds option invests in a passively managed portfolio of Australian and international fixed income investments such as government and corporate bonds. It’s designed for members seeking relatively stable but modest returns from a low-cost exposure to bonds, who are willing to accept some fluctuation in the value of their investments.
The option’s international investments are usually hedged meaning they are protected against the impact of currency movements.
Our Cash option invests in term deposits and other short-term interest-bearing investments. It’s designed for members seeking a low cost, low risk short-term cash investment with stable but low expected returns.
A non-unitised option that allows you to invest directly in term deposits for a term of 3, 6, 9 or 12 months. It’s designed for members seeking a fixed rate of return for locking away funds over a set period of time.
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 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
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.
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.