Your investment options
We have investment options to suit every stage of life, so you can make a decision that's best for you.
Important notice
From 1 June 2022, the following changes to investment options apply:
- the Property, Balanced Plus and FlexiTerm Deposit options are closed and will no longer accept applications, contributions, switches or transfers in
- the RetirePlus and RetireStable options will only be available to pension members
- the RetirePlus and RetireStable options will not be available to accumulation and pre-retirement members
A new PDS will be issued 1 July 2022 to remove and clarify the availability of options (as applicable).
Managed Choice options
Choose the Managed Choice option that suits your needs. Each option comes with a blend of asset allocations with varying exposure to risk.
Growth Plus (MySuper)
Invests primarily in Australian and overseas shares, while providing some exposure to property, infrastructure and alternative assets. These are growth investments, with the property, infrastructure and alternative allocation providing some diversification from shares.
This option is designed for members who are prepared to accept an aggressive asset allocation which has the potential of providing higher returns, but also increases the risk of a negative return. Previously known as Aggressive.
This option is designed for members who are prepared to accept an aggressive asset allocation which has the potential of providing higher returns, but also increases the risk of a negative return. Previously known as Aggressive.
Return objective
3.75% p.a. above CPI over 10 years
Risk Level
High, risk of negative returns 5.3 out of 20 years
Target asset allocation
88.00%
Growth assets
12.00%
Defensive assets
Investment period
Minimum suggested timeframe is 10 years
Strategic asset allocation
- 34.00%
- 40.00%
- 8.00%
- 8.00%
- 4.00%
- 4.00%
- 0.00%
- 2.00%
- 25-60%
- 25-60%
- 0-15%
- 0-20%
- 0-20%
- 0-10%
- 0-10%
- 0-10%
Growth
Invests primarily in Australian and overseas shares, while providing some exposure to property, infrastructure and alternative assets. These are growth investments, with small allocations to defensive assets such as fixed interest and cash providing some diversification.
This option is designed for members who are prepared to accept an aggressive asset allocation which has the potential of providing higher returns, but also increases the risk of a negative return. Previously known as Moderately Aggressive.
This option is designed for members who are prepared to accept an aggressive asset allocation which has the potential of providing higher returns, but also increases the risk of a negative return. Previously known as Moderately Aggressive.
Return objective
3.5% p.a. above CPI over 10 years
Risk Level
High, risk of negative returns 5.3 out of 20 years
Target asset allocation
84.00%
Growth assets
16.00%
Defensive assets
Investment period
Minimum suggested timeframe is 10 years
Strategic asset allocation
- 34.00%
- 39.00%
- 5.00%
- 5.00%
- 6.00%
- 6.00%
- 3.00%
- 2.00%
- 25-60%
- 25-60%
- 0-15%
- 0-20%
- 0-20%
- 0-15%
- 0-15%
- 0-15%
Balanced Growth (MySuper)
Invests mainly in growth assets such as shares, property and infrastructure, which are expected to earn higher returns over the long term, with the balance invested in more stable assets like fixed interest securities and other defensive assets.
This option is designed for members who want a balance between risk and return but who are prepared to accept an asset allocation weighted towards growth assets. Previously known as Balanced.
This option is designed for members who want a balance between risk and return but who are prepared to accept an asset allocation weighted towards growth assets. Previously known as Balanced.
Return objective
3% p.a. above CPI over 10 years
Risk Level
High, risk of negative returns 4.3 out of 20 years
Target asset allocation
65.00%
Growth assets
35.00%
Defensive assets
Investment period
Minimum suggested timeframe is 10 years
Strategic asset allocation
- 24.00%
- 27.00%
- 7.00%
- 7.00%
- 7.00%
- 9.00%
- 14.00%
- 5.00%
- 10-45%
- 5-45%
- 0-20%
- 0-20%
- 0-20%
- 0-20%
- 0-30%
- 0-15%
Balanced Plus
Provides a relatively neutral allocation between growth assets and defensive assets, with slightly more growth assets than the Balanced option.
This option is designed for members who want a balance between risk and return but who are prepared to accept a more aggressive asset allocation than the Balanced option. Previously known as Conservative Balanced.
This option is designed for members who want a balance between risk and return but who are prepared to accept a more aggressive asset allocation than the Balanced option. Previously known as Conservative Balanced.
Return objective
2.5% p.a. above CPI over 7 years
Risk Level
Medium to High, risk of negative returns 3.9 out of 20 years
Target asset allocation
56.00%
Growth assets
44.00%
Defensive assets
Investment period
Minimum suggested timeframe is 7 years
Strategic asset allocation
- 20.00%
- 22.00%
- 7.00%
- 7.00%
- 7.00%
- 14.00%
- 14.00%
- 9.00%
- 10-45%
- 10-45%
- 0-20%
- 0-15%
- 0-20%
- 0-30%
- 0-30%
- 0-20%
Balanced
Provides an even distribution between growth and defensive assets. The aim is to provide capital growth with reduced volatility.
This option is designed for members who want a balance between risk and return. Previously known as Moderately Conservative.
This option is designed for members who want a balance between risk and return. Previously known as Moderately Conservative.
Return objective
2% p.a. above CPI over 7 years
Risk Level
Medium to High, risk of negative returns 3.7 out of 20 years
Target asset allocation
51.00%
Growth assets
49.00%
Defensive assets
Investment period
Minimum suggested timeframe is 7 years
Strategic asset allocation
- 18.00%
- 22.00%
- 5.00%
- 5.00%
- 6.00%
- 15.00%
- 15.00%
- 14.00%
- 10-45%
- 5-45%
- 0-20%
- 0-20%
- 0-20%
- 0-30%
- 0-30%
- 0-20%
Conservative
Invests mainly in fixed interest securities and cash, which are expected to deliver stable but low returns over the long term, with the balance invested in shares and other growth assets.
This option is designed for members who wish to select a lower returning asset allocation in exchange for more stability and security.
This option is designed for members who wish to select a lower returning asset allocation in exchange for more stability and security.
Return objective
1.5% p.a. above CPI over 5 years
Risk Level
Medium, risk of negative returns 2.0 out of 20 years
Target asset allocation
30.00%
Growth assets
70.00%
Defensive assets
Investment period
Minimum suggested timeframe is 5 years
Strategic asset allocation
- 9.00%
- 12.00%
- 4.00%
- 4.00%
- 5.00%
- 18.00%
- 32.00%
- 16.00%
- 0-25%
- 0-20%
- 0-25%
- 0-15%
- 0-20%
- 5-40%
- 10-45%
- 5-35%
PositiveIMPACT
Invests a large proportion in growth assets, primarily international equities, with a clear and tangible social and environmental impact. The focus on impact means that this option differs from others in that it offers less diversification.
This option is designed for members seeking moderate to high levels of capital growth over the long term with clear and tangible social and environmental impacts.
This option is designed for members seeking moderate to high levels of capital growth over the long term with clear and tangible social and environmental impacts.
Return objective
3% p.a. above CPI over 10 years
Risk Level
High, risk of negative returns 4.6 out of 20 years
Target asset allocation
78.00%
Growth assets
22.00%
Defensive assets
Investment period
Minimum suggested timeframe is 10 years
Strategic asset allocation
- 0.00%
- 55.00%
- 14.00%
- 12.00%
- 6.00%
- 8.00%
- 0.00%
- 5.00%
- 0-40%
- 20-80%
- 0-30%
- 0-30%
- 0-20%
- 0-20%
- 0-10%
- 0-10%
RetirePlus
Compared with other options with similar risk profiles, RetirePlus is expected to provide some additional protection against key risks facing those in, or approaching, retirement. Returns are expected to be moderately volatile, with a lower risk of capital loss over short to medium periods than more equity-oriented options.
This option is designed for members seeking returns above CPI over the long term and who are looking for additional protection against market risk.
This option is designed for members seeking returns above CPI over the long term and who are looking for additional protection against market risk.
Return objective
2.5% p.a. above CPI over 10 years
Risk Level
Medium to High, risk of negative returns 3.6 out of 20 year
Target asset allocation
51.00%
Growth assets
49.00%
Defensive assets
Investment period
Minimum suggested timeframe is 10 years
Strategic asset allocation
- 18.00%
- 19.00%
- 7.00%
- 7.00%
- 7.00%
- 20.00%
- 14.00%
- 8.00%
- 10-40%
- 10-40%
- 0-15%
- 0-15%
- 0-15%
- 0-30%
- 0-25%
- 0-20%
RetireStable
Invests in a diversified portfolio with a lower exposure to listed equities than other growth-oriented options, such as RetirePlus. Returns are expected to be more stable than those of more equity-oriented options.
This option is designed for members seeking returns above CPI over the long term and who are looking for additional protection against market risk with less growth assets than RetirePlus.
This option is designed for members seeking returns above CPI over the long term and who are looking for additional protection against market risk with less growth assets than RetirePlus.
Return objective
1.5% p.a. above CPI over 5 years
Risk Level
Medium, risk of negative returns 2.2 out of 20 years
Target asset allocation
33.00%
Growth assets
67.00%
Defensive assets
Investment period
Minimum suggested timeframe is 5 years
Strategic asset allocation
- 10.00%
- 11.00%
- 6.00%
- 6.00%
- 6.00%
- 23.00%
- 23.00%
- 15.00%
- 5-25%
- 5-25%
- 0-20%
- 0-15%
- 0-15%
- 0-30%
- 0-30%
- 0-30%
Build Your Own
Choose a Build Your Own option and invest directly into an asset class.
Australian Shares
Invests in Australian companies, usually listed or expected to list on the Australian Stock Exchange (ASX).
This option is designed for members who are prepared to accept an aggressive asset allocation which has the potential of providing higher returns, but also increases the risk of a negative return.
This option is designed for members who are prepared to accept an aggressive asset allocation which has the potential of providing higher returns, but also increases the risk of a negative return.
Return objective
Outperform S&P/ASX 300 Accumulation Index over 5 yrs
Risk Level
Very High, risk of negative returns 6.4 out of 20 years
Investment period
Minimum suggested timeframe is 5 years
Strategic asset allocation
- 100.00%
- 0.00%
- 0.00%
- 0.00%
- 0.00%
- 0.00%
- 0.00%
- 0.00%
- 85-100%
- 0%
- 0%
- 0%
- 0%
- 0%
- 0%
- 0-15%
Overseas Shares
Invest in overseas companies listed or expected to list on one or more overseas stock exchanges.
This option is designed for members who are prepared to accept an aggressive asset allocation which has the potential of providing higher returns, but also increases the risk of a negative return.
This option is designed for members who are prepared to accept an aggressive asset allocation which has the potential of providing higher returns, but also increases the risk of a negative return.
Return objective
Outperform MSCI ACWI ex Aus (70% unhedged) over 5 yrs
Risk Level
Very High, risk of negative returns 6.0 out of 20 years
Investment period
Minimum suggested timeframe is 5 years
Strategic asset allocation
- 0.00%
- 100.00%
- 0.00%
- 0.00%
- 0.00%
- 0.00%
- 0.00%
- 0.00%
- 0%
- 85-100%
- 0%
- 0%
- 0%
- 0%
- 0%
- 0-15%
Property
Invests in Australian and overseas listed and unlisted property trusts.
This option is designed for members who wish to select a moderately aggressive asset allocation, which increases the risk of negative returns.
This option is designed for members who wish to select a moderately aggressive asset allocation, which increases the risk of negative returns.
Return objective
Outperform blended unlisted/listed prop index over 5 yrs
Risk Level
High, risk of negative returns 4.7 out of 20 years
Investment period
Minimum suggested timeframe is 5 years
Strategic asset allocation
- 0.00%
- 0.00%
- 100.00%
- 0.00%
- 0.00%
- 0.00%
- 0.00%
- 0.00%
- 0%
- 0%
- 70-100%
- 0%
- 0%
- 0%
- 0%
- 0-30%
Diversified Fixed Interest
Invests in interest bearing bonds and some indexed bonds in Australia and overseas. Investments are made into government and corporate debt securities both above and below investment grade. Investments may also include lower risk alternative strategies, and cash.
This option is designed for members who wish to select a relatively defensive asset allocation with more stability and security than more aggressive asset allocations. This option is expected to generate modest returns over time, with a small but not zero chance of negative return in any 12-month period and is considered to be more aggressive than cash.
This option is designed for members who wish to select a relatively defensive asset allocation with more stability and security than more aggressive asset allocations. This option is expected to generate modest returns over time, with a small but not zero chance of negative return in any 12-month period and is considered to be more aggressive than cash.
Return objective
Outperform Aus 50%/global bond 50% index over 5 yrs
Risk Level
Low to Medium, risk of negative returns 1.5 out of 20 years
Investment period
Minimum suggested timeframe is 5 years
Strategic asset allocation
- 0.00%
- 0.00%
- 0.00%
- 0.00%
- 0.00%
- 30.00%
- 70.00%
- 0.00%
- 0%
- 0%
- 0%
- 0%
- 0%
- 0-60%
- 40-100%
- 0-30%
Cash
Invests in money market securities such as bank term deposits, bank bills and other liquid cash securities.
This option is designed for members who wish to select a very defensive asset allocation with a very low chance of a negative return and expected stable but lower returns over the long term.
This option is designed for members who wish to select a very defensive asset allocation with a very low chance of a negative return and expected stable but lower returns over the long term.
Return objective
Outperform Bloomberg AusBond Bank Bill Index over 1 yr
Risk Level
Very Low, risk of negative returns 0.0 out of 20 years
Investment period
There is no minimum period suggested for holding this option
Strategic asset allocation
- 0.00%
- 0.00%
- 0.00%
- 0.00%
- 0.00%
- 0.00%
- 0.00%
- 100.00%
- 0%
- 0%
- 0%
- 0%
- 0%
- 0%
- 0%
- 100%

Understand your investment style
When deciding on your investment style, it’s important to understand the relationship between risk and return. Choosing what’s best for your needs can make a big difference to your financial future.
Get advice
You can can speak with one our financial planners who can assist you in making the right investment choice for your circumstances.