MySuper Balanced (default)*

Investment objective

To achieve a return that exceeds the increase in the consumer price index (CPI) increase by at least 3.75% per annum net of tax and investment expenses (or 3.41% per annum net of administration cost – based on a $50,000 member balance) over rolling 10-year periods. Future returns cannot be guaranteed. This is a prediction.

Investment strategy

To invest in a diversified range of investments, with a greater proportion in shares, property and alternative investments, and the remainder in cash and fixed interest.

(The MySuper Balanced option is the same as the Balanced option available to pension members.)

Strategic asset allocation
Asset classAs of 1 October 2019 %Range %
 Australian shares26.015 - 40
 International shares28.017 - 40
 Property10.04 - 20
 Infrastructure8.02 - 20
 Alternatives15.0 0 - 38
 Fixed interest9.0 0 - 25
 Cash4.00 - 25
CriterionMetric
Suggested minimum investment time frame5 years
Expected frequency of neg. annual returns in any 20-year periodApprox. 3.5
Risk band**5
Risk label**Medium to High
Investment fee#0.25% p.a.
(0.30% p.a. gross of tax)
Indirect cost ratio^0.32% p.a.

**The risk label and band is based upon each investment option’s assumed number of negative returns over a 20-year period and grades these investment options across seven risk labels, from ‘Very low’ (risk band 1) to ‘Very high’ (risk band 7).
#Investment fees are deducted from the investment earnings of the Fund, not from your account balance. These fees cover investment management, asset custody, and other related costs. The investment fees are regularly reviewed and may change from time to time.

^The indirect cost ratio (ICR) represents estimated costs incurred by the Fund’s investment managers before investment earnings are received. These costs take into account the Fund’s experience in the last financial year and are not deducted from your account or from the Fund’s assets. They include estimated transactional and operational costs (as detailed in our Fees and Costs booklet) and performance-related fees.