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Aware Investment Funds – Strategic Asset Allocations & Ranges

Each 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.

The strategic asset allocation and asset allocation ranges1 for each investment option are shown in the below tables.

Note that each of the asset classes may include small or residual cash balances for portfolio management purposes and we may vary the strategic asset allocation and asset allocation ranges for an investment option from time to time without prior notice.

Click here to view the actual asset allocations which reflect the current weighting to each asset class and may differ from the above.

 

Diversified investment options

 

Asset Class Capital Stable Moderate Balanced Growth
Australian shares 6.5% 10.5% 18.25% 26.75%
International shares 9.0% 13.75% 24.0% 35.5%
Private equity
0.0% 0.0% 0.0% 0.0%
Infrastructure
6.0% 8.0% 8.0% 9.0%
Property 6.0% 8.0% 8.0% 7.0%
Liquid alternatives (Growth)
0.0% 0.0% 0.0% 0.0%
Liquid alternatives (Defensive)
0.0% 2.0% 4.0% 0.0%
Credit income
4.0% 7.0% 7.0% 5.0%
Fixed income
20.0% 20.0% 20.0% 10.5%
Cash 48.5% 30.75% 10.75% 6.25%
Currency exposure^ 6.0% 9.0% 16.0% 24.0%


Asset Class Capital Stable Moderate Balanced Growth
Australian shares 0%-17% 0%-21% 8%-29% 16%-37%
International shares 0%-19% 3%-24% 14%-34% 25%-46%
Private equity
0%-20% 0%-20% 0%-20% 0%-20%
Infrastructure
0%-26% 0%-28% 0%-28% 0%-29%
Property 0%-26% 0%-28% 0%-28% 0%-27%
Liquid alternatives (Growth)
0%-10% 0%-10% 0%-10% 0%-20%
Liquid alternatives (Defensive)
0%-20% 0%-22% 0%-24% 0%-20%
Credit income
0%-24% 0%-27% 0%-27% 0%-25%
Fixed income
0%-45% 0%-40% 0%-38% 0%-26%
Cash 0%-85% 0%-75% 0%-60% 0%-45%
Currency exposure^ 0%-19% 0%-24% 0%-34% 0%-46%


Single asset class investment options

Asset Class Cash Fixed Interest Australian Equities International Equities
Australian shares 0.0% 0.0% 100.0% 0.0%
International shares 0.0% 0.0% 0.0% 100.0%
Australian fixed income
0.0% 100.0% 0.0% 0.0%
International fixed income 0.0% N/A 0.0% 0.0%
Cash
100.0% 0.0% 0.0% 0.0%
Currency exposure^
N/A N/A N/A 67.0%


Asset Class Cash Fixed Interest Australian Equities International Equities
Australian shares N/A N/A 95%-100% N/A
International shares N/A N/A N/A 95%-100%
Australian fixed income
N/A 95%-100% N/A N/A
International fixed income N/A N/A N/A N/A
Cash
N/A 0%-5% 0%-5% 0%-5%
Currency exposure^
N/A N/A N/A 0%-100%


For more information, including descriptions of the different asset classes, see the Aware Investment Funds PDS or visit the Asset classes webpage.



1. Strategic asset allocations and ranges are current as at 30 September 2023.

^These amounts refer to the proportion of assets that are subject to foreign exchange rate movements. The remainder of the investment option is either currency hedged or denominated in Australian dollars.