See how our investment options are invested
Asset allocations as at 29 September 2023.
The asset allocations are published quarterly, as of the end of March, June, September, and December.
Diversified investment options (Future Saver & Retirement Transition)
Core options
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| Asset Class | High Growth | Balanced | Conservative Balanced | Conservative | Defensive |
|---|---|---|---|---|---|
| Australian equities | 26.5% | 22.0% | 15.0% | 8.5% | 4.9% |
| International equities |
39.9% | 33.3% | 23.3% | 13.3% | 8.3% |
| Private equity |
7.9% | 6.0% | 5.0% | 3.0% | 1.3% |
| Infrastructure & real assets |
11.9% | 11.9% | 10.9% | 11.0% | 8.9% |
| Property |
6.7% | 6.7% | 7.7% | 7.7% | 5.6% |
| Liquid alternatives (Growth) |
1.0% | 1.0% | 1.0% | 0.0% | 0.0% |
| Liquid alternatives (Defensive) |
0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Credit income |
3.0% | 5.1% | 7.1% | 7.2% | 4.1% |
| Fixed income |
0.0% | 10.0% | 17.1% | 20.3% | 20.1% |
| Cash |
3.1% | 4.0% | 12.9% | 29.0% | 46.8% |
Socially Conscious and Indexed options
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| Asset Class | High Growth Socially Conscious | Balanced Socially Conscious | High Growth Indexed | Balanced Indexed |
|---|---|---|---|---|
| Australian equities | 26.5% | 22.0% | 35.0% | 30.0% |
| International equities |
40.0% | 33.5% | 53.0% | 45.0% |
| Private equity |
8.0% | 6.0% | 0.0% | 0.0% |
| Infrastructure & real assets |
11.0% | 11.0% | 0.0% | 0.0% |
| Property |
7.0% | 7.1% | 0.0% | 0.0% |
| Liquid alternatives (Growth) |
0.0% | 0.0% | 0.0% | 0.0% |
| Liquid alternatives (Defensive) |
0.0% | 0.0% | 0.0% | 0.0% |
| Credit income |
3.0% | 5.0% | 0.0% | 0.0% |
| Fixed income |
0.0% | 10.0% | 7.0% | 18.0% |
| Cash |
4.5% | 5.4% | 5.0% | 7.0% |
Diversified investment options (Retirement Income)
Core options
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| Asset Class | High Growth | Balanced | Conservative Balanced | Conservative | Defensive |
|---|---|---|---|---|---|
| Australian equities | 28.5% | 23.5% | 15.5% | 9.0% | 5.5% |
| International equities |
37.8% | 31.9% | 20.7% | 11.8% |
7.8% |
| Private equity |
8.0% | 6.0% | 5.0% | 3.0% | 1.3% |
| Infrastructure & real assets |
11.4% | 11.8% | 10.9% | 11.0% | 9.0% |
| Property |
6.6% | 6.6% | 7.6% | 7.7% | 5.7% |
| Liquid alternatives (Growth) |
0.8% | 0.9% | 0.0% | 0.0% | 0.0% |
| Liquid alternatives (Defensive) |
0.0% | 0.0% | 4.3% | 2.3% | 0.0% |
| Credit income |
2.8% | 5.0% | 7.0% | 7.2% | 4.1% |
| Fixed income |
0.0% | 10.0% | 17.0% | 20.0% | 20.0% |
| Cash |
4.1% | 4.3% | 12.0% | 28.0% | 46.6% |
Socially Conscious and Indexed options
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| Asset Class | Conservative Balanced Socially Conscious | Conservative Socially Conscious | Conservative Balanced Indexed | Conservative Indexed |
|---|---|---|---|---|
| Australian equities | 16.5% | 9.0% | 24.5% | 16.5% |
| International equities |
22.0% | 12.5% | 32.5% | 21.5% |
| Private equity |
5.0% | 3.0% | 0.0% | 0.0% |
| Infrastructure & real assets |
10.0% | 10.0% | 0.0% | 0.0% |
| Property |
7.9% | 8.0% | 0.0% | 0.0% |
| Liquid alternatives (Growth) |
0.0% | 0.0% | 0.0% | 0.0% |
| Liquid alternatives (Defensive) |
0.0% | 0.0% | 0.0% | 0.0% |
| Credit income |
6.7% | 7.0% | 0.0% | 0.0% |
| Fixed income |
17.0% | 20.1% | 20.0% | 20.0% |
| Cash |
14.9% | 30.4% | 23.0% | 42.0% |
Single asset class investment options (All products)
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| Asset Class | Australian Shares | International Shares | Property | Bonds | Cash |
|---|---|---|---|---|---|
| Australian equities | 100.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| International equities |
0.0% | 100.0% | 0.0% | 0.0% | 0.0% |
| Listed property | 0.0% | 0.0% | 100.0% | 0.0% | 0.0% |
| Unlisted property |
0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Australian fixed income |
0.0% | 0.0% | 0.0% | 50.1% | 0.0% |
| International fixed income |
0.0% | 0.0% | 0.0% | 49.9% | 0.0% |
| Cash |
0.0% | 0.0% | 0.0% | 0.0% | 100.0% |
Amounts may be adjusted for rounding purposes.
The actual asset allocations will vary and figures will be updated to reflect how each investment option is invested over time.
Each of the asset classes may include small cash balances for portfolio management purposes.