Balanced

This option invests in a diversified mix of assets with an emphasis on Australian and overseas shares, property and alternatives. It’s designed to achieve relatively high returns in the medium to long term but is subject to short-term fluctuations in returns.

As a super member, this is the option your money goes into if you don’t make an investment choice (our MySuper option).

8.04%

8.68%

10-year average
annual super return
as at 30 June 2023

10-year average
annual pension return
as at 30 June 2023

For the returns over various time periods see the performance page.

Why you’d invest

Invest in this option if you are seeking returns above the rate of inflation over the long term.

The minimum investment timeframe is 5+ years.

Return objective

To achieve returns after tax and fees that exceed the inflation rate by at least 3% per year (over rolling 10-year periods).

Risk level

Medium to high

The likelihood of a negative annual return is 3.8 in every 20 years for super and transition to retirement accounts.

The risk level is based on the Standard Risk Measure.

Medium to high

The likelihood of a negative annual return is 3.7 in every 20 years for full pension accounts.

The risk level is based on the Standard Risk Measure.

Asset class mix

Allocation table for Super & TTI

Asset class	Benchmark	Range
Australian shares	23%	10-40
Overseas shares	26%	10-40
Private equity	5%	0-20
Direct Property	10%	0-25
Infrastructure	10%	0-25
Credit	7%	0-20
Alternatives (total)	4%	0-20
- Absolute return	4%
- Thematic opportunities	0%
Fixed Interest	8%	0-30
Cash	7%	0-30

Allocation table for Pension

Asset class	Benchmark	Range
Australian Shares	26%	10-40
Overseas Shares	20%	10-40
Private equity	5%	0-20
Direct Property	11%	0-25
Infrastructure	10%	0-25
Credit	9%	0-20
Alternatives (total)	3%	0-20
- Absolute return	3%
- Thematic opportunities	0%
Fixed Interest	8%	0-30
Cash (total)	8%	0-30
- Term deposits	1%
- Cash	7%