Actual asset allocations – Investment Funds
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.
Effective asset allocations for diversified investment options (Investment Fund Class A and Class B) as at 31 May 2022.
| Asset Class | Capital Stable | Moderate | Balanced | Growth |
|---|---|---|---|---|
| Australian equities |
8.2% | 12.4% | 19.8% | 28.2% |
| International equities | 10.7% | 15.8% | 26.4% | 37.7% |
| Private equity |
0.0% | 0.0% | 0.0% | 0.0% |
| Infrastructure & real assets |
4.3% | 6.2% | 6.2% | 7.4% |
| Property |
4.9% | 6.5% | 6.6% | 5.8% |
| Liquid alternatives (Growth) |
0.0% | 0.0% | 0.0% | 0.0% |
| Liquid alternatives (Defensive) |
0.0% | 1.9% | 3.9% | 0.0% |
| Credit income |
3.9% | 6.9% | 6.8% | 4.8% |
| Fixed income |
19.9% | 19.9% | 16.9% | 9.9% |
| Cash |
48.1% | 30.4% | 13.4% | 6.2% |
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 (Investment Fund Class A and Class B) as at 31 May 2022.
| 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.