Conservative Balanced

This option is designed to achieve a balance of risk and return by investing in a blend of assets, with an emphasis on fixed interest, cash and shares (Australian and overseas).

5.85%

6.48%

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, but with less volatility than might be experienced by the Balanced option.

The minimum investment timeframe is 3–5 years.

Return objective

To achieve returns after tax and fees that exceed the inflation rate by at least 2% per year (over rolling 10-year periods).

Risk level

Medium to high

The likelihood of a negative annual return is 3.3 in every 20 years for super and transition to retirement accounts.

The risk level is based on the Standard Risk Measure.

Medium

The likelihood of a negative annual return is 2.9 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	18%	5-30
Overseas Shares	18%	5-30
Private equity	2%	0-10
Direct Property	6%	0-15
Infrastructure	6%	0-20
Credit	8%	0-25
Alternatives (total)	9%	0-30
- Absolute return	9%
- Thematic opportunities	0%
Fixed Interest	14%	0-50
Cash	19%	0-50

Allocation table for Pension

Asset class	Benchmark	Range
Australian Shares	19%	5-30
Overseas Shares	15%	5-30
Private equity	2%	0-10
Direct Property	7%	0-15
Infrastructure	6%	0-20
Credit	10%	0-25
Alternatives (total)	8%	0-30
- Absolute return	8%
- Thematic opportunities	0%
Fixed Interest	14%	0-50
Cash	19%	0-50