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Actual asset allocations - Aware Super Pty Ltd products

Each diversified option is assigned a medium to longer term target asset allocation, known as the strategic asset allocation. We also establish asset allocation ranges which are the minimum and maximum amounts we can invest in each asset class. You can view the strategic asset allocations and ranges for each of the investment options here.

The actual asset allocation in place at a particular time may vary from the strategic asset allocation because we use an active asset allocation approach.

Note the actual asset allocations in the tables below are based on the allocations for the pension products (Flexible Income Plan, Allocated Pension and Term Allocated Pension).

Effective asset allocations for diversified investment options as at 31 December 2021.

Asset Class Capital Stable Moderate Balanced Growth Growth Plus1
Australian equities 7.0% 9.5% 16.4% 24.5% 29.0%
International equities 10.7% 14.0% 23.1% 33.5% 39.9%
Private equity
0.0% 2.9% 4.8% 5.7% 7.6%
Infrastructure & real assets
5.1% 6.9% 7.0% 7.8% 7.3%
Property 5.5% 7.4% 7.4% 6.4% 6.1%
Liquid alternatives (Growth)
0.0% 0.0% 0.0% 1.0% 1.0%
Liquid alternatives (Defensive)
0.0% 2.0% 3.9% 0.0% 0.0%
Credit income
3.0% 6.0% 6.0% 4.0% 2.0%
Fixed income
22.0% 22.0% 19.7% 12.8% 0.8%
Cash 46.7% 29.3% 11.7% 4.3% 6.3%


1 The Growth Plus investment option is only available in the Personal Retirement Plan, Allocation Pension and Term Allocated Pension products.

  Amounts may be adjusted for rounding purposes.

  The actual asset allocations will vary and figures will be updated to reflect how each diversified investment option is invested over time.

Effective asset allocations for single asset class investment options as at 31 December 2021.

Asset Class Australian Equities International Equities Fixed Interest1 Cash
Australian equities 100.0% 0.0% 0.0% 0.0%
International equities 0.0% 100.0% 0.0% 0.0%
Australian fixed income
0.0% 0.0% 100.0% 0.0%
International fixed income
0.0% 0.0% 0.0% 0.0%
Cash 0.0% 0.0% 0.0% 100.0%


1 Previously the asset allocations included International Fixed Interest and Australian Fixed Interest, which included an enhanced cash component. Due to a reclassification of underlying holdings on 1 April 2020, the investment option now includes an allocation to the asset class ‘Cash’. There has been no change to the way we manage your money.