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% |
| 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% |