See how our investment options are invested
Asset allocations as at听30 September 2025.
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
Scroll table horizontally on mobile
| Asset Class | High Growth | Balanced | Conservative Balanced |
Conservative | Defensive |
|---|---|---|---|---|---|
| Australian shares | 27.0% | 22.2% | 16.1% | 9.1% | 5.0% |
| International shares |
40.0% | 33.5% | 24.5% | 14.1% | 8.9% |
| Private equity |
7.6% | 6.1% | 5.1% | 3.1% | 2.1% |
| Infrastructure |
11.4% | 11.8% | 10.8% | 10.8% | 8.4% |
| Property |
6.1% | 6.2% | 7.2% | 7.2% | 4.6% |
| Liquid alternatives (Growth) |
0.4% | 0.9% | 0.9% | 0.0% | 0.0% |
| Liquid alternatives (Defensive) |
0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Credit income |
2.2% | 4.7% | 6.7% | 7.7% | 5.2% |
| Fixed income |
1.0% | 11.0% | 22.5% | 29.4% | 20.9% |
| Cash |
4.3% | 3.6% | 6.2% | 18.6% | 44.9% |
| Currency exposure | 26.2% | 22.3% | 16.6% | 9.8% | 6.2% |
听
Socially Conscious and Indexed options
Scroll table horizontally on mobile
| Asset Class | High Growth Socially Conscious | Balanced Socially Conscious听 | High Growth Indexed | Balanced Indexed |
|---|---|---|---|---|
| Australian shares | 28.5% | 22.4% | 38.9% | 30.9% |
| International shares |
38.5% | 31.9% | 51.1% | 44.0% |
| Private equity |
7.2% | 5.6% | 0.0% | 0.0% |
| Infrastructure | 11.4% | 11.9% | 0.0% | 0.0% |
| Property |
6.8% | 6.8% | 0.0% | 0.0% |
| Credit income |
2.5% | 5.5% | 0.0% | 0.0% |
| Fixed income |
1.0% | 11.2% | 7.0% | 20.0% |
| Cash |
4.1% | 4.7% | 3.0% | 5.1% |
| Currency exposure | 25.5% | 22.4% | 34.8% | 30.0% |
Diversified investment options (Retirement Income)
Core options
Scroll table horizontally on mobile
| Asset Class | High Growth | Balanced | Conservative Balanced |
Conservative | Defensive |
|---|---|---|---|---|---|
| Australian shares | 30.6% | 23.9% | 17.1% | 9.6% | 5.5% |
| International shares |
38.0% | 32.1% | 22.8% | 13.0% |
8.4% |
| Private equity |
7.6% | 6.1% | 5.1% | 3.1% | 2.1% |
| Infrastructure |
11.4% | 11.8% | 10.4% | 10.4% | 8.4% |
| Property |
6.1% | 6.1% | 7.1% | 7.1% | 4.6% |
| Liquid alternatives (Growth) |
0.4% | 0.9% | 0.0% | 0.0% | 0.0% |
| Liquid alternatives (Defensive) |
0.0% | 0.0% | 4.0% | 2.0% | 0.0% |
| Credit income |
2.2% | 4.7% | 6.7% | 7.7% | 5.2% |
| Fixed income |
1.0% | 11.0% | 21.9% | 29.4% | 20.9% |
| Cash |
2.7% | 3.4% | 4.9% | 17.7% | 44.9% |
| Currency exposure | 24.2% | 20.6% | 14.8% | 8.6% | 5.4% |
Socially Conscious and Indexed options
Scroll table horizontally on mobile
| Asset Class | Conservative Balanced Socially Conscious | Conservative Socially Conscious | Conservative Balanced Indexed | Conservative Indexed |
|---|---|---|---|---|
| Australian shares | 17.7% | 9.5% | 26.4% | 17.5% |
| International shares |
22.7% | 12.9% | 32.5% | 21.5% |
| Private equity |
4.6% | 2.6% | 0.0% | 0.0% |
| Infrastructure |
10.5% | 10.4% | 0.0% | 0.0% |
| Property |
7.8% | 7.8% | 0.0% | 0.0% |
| Credit income |
7.5% | 8.4% | 0.0% | 0.0% |
| Fixed income |
21.1% | 28.4% | 25.0% | 30.0% |
| Cash |
8.1% | 20.0% | 16.1% | 31.0% |
| Currency exposure | 14.9% | 8.4% | 22.2% | 14.3% |
Single asset class investment options (All products)
Scroll table horizontally on mobile
| Asset Class | Australian Shares | International Shares | Property | Bonds | Cash |
|---|---|---|---|---|---|
| Australian shares | 100.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| International shares |
0.0% | 100.0% | 0.0% | 0.0% | 0.0% |
| Listed property | 0.0% | 0.0% | 100.0% | 0.0% | 0.0% |
| Australian fixed income |
0.0% | 0.0% | 0.0% | 50.0% | 0.0% |
| International fixed income |
0.0% | 0.0% | 0.0% | 50.0% | 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.