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Aware Super Pty Ltd Products - 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.

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

Tailored Super Plan, Personal Retirement Plan and Transition to Retirement Pension

Asset Class High Growth Growth Socially Conscious Balanced Growth Conservative Defensive
Australian equities 25.5% 21.5% 21.5% 15.0% 9.0% 6.0%
International equities 42.0% 35.0% 35.5% 24.5% 14.0% 10.0%
Private equity
8.0% 6.0% 6.0% 5.0% 3.0% 0.0%
Infrastructure & real assets
9.0% 9.0% 9.0% 8.0% 8.0% 6.0%
Property 7.0% 7.0% 7.0% 8.0% 8.0% 6.0%
Liquid alternatives (Growth)
1.0% 1.0% 0.0% 1.0% 0.0% 0.0%
Liquid alternatives (Defensive)
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Credit income
3.0% 5.0% 5.0% 7.0% 7.0% 4.0%
Fixed income
0.0% 10.0% 10.0% 17.0% 20.0% 20.0%
Cash 4.5% 5.5% 6.0% 14.5% 31.0% 48.0%
Currency exposure^ 27.0% 22.0% 22.0% 16.0% 9.0% 6.0%


Asset Class High Growth Growth Socially Conscious Balanced Growth Conservative Defensive
Australian equities 15%-36% 11%-32% 11%-32% 5%-25% 0%-19% 0%-16%
International equities 32%-52% 25%-45% 25%-46% 14%-35% 4%-24% 0%-20%
Private equity 0%-28% 0%-26% 0%-26% 0%-25% 0%-23% 0%-20%
Infrastructure & real assets 0%-29% 0%-29% 0%-29% 0%-28% 0%-28% 0%-26%
Property 0%-27% 0%-27% 0%-27% 0%-28% 0%-28% 0%-26%
Liquid alternatives (Growth) 0%-21% 0%-21% 0%-10% 0%-21% 0%-10% 0%-10%
Liquid alternatives (Defensive) 0%-0% 0%-0% 0%-20%
0%-20% 0%-20% 0%-20%
Credit income 0%-23% 0%-25% 0%-25% 0%-27% 0%-27%  0%-24%
Fixed income 0%-10% 0%-25% 0%-25% 0%-35% 0%-40% 0%-45%
Cash 1%-15% 1%-45% 1%-45% 1%-60% 1%-75% 1%-85%
Currency exposure^ 0%-52% 0%-45% 0%-46% 0%-35% 0%-24% 0%-20%


Flexible Income Plan, Allocated Pension and Term Allocated Pension

Asset Class High Growth Growth Balanced Growth Socially Conscious Conservative Defensive
Australian equities 29.0.% 24.5% 16.5% 17.0% 9.5% 7.0%
International equities 38.5% 32.0% 21.5% 23.0% 12.5% 9.0%
Private equity
8.0% 6.0% 5.0% 5.0% 3.0% 0.0%
Infrastructure & real assets
9.0% 9.0% 8.0% 8.0% 8.0% 6.0%
Property 7.0% 7.0% 8.0% 8.0% 8.0% 6.0%
Liquid alternatives (Growth)
1.0% 1.0% 0.0% 0.0% 0.0% 0.0%
Liquid alternatives (Defensive)
0.0% 0.0% 4.0% 0.0% 2.0% 0.0%
Credit income
3.0% 5.0% 7.0% 7.0% 7.0% 4.0%
Fixed income
0.0% 10.0% 17.0% 17.0% 20.0% 20.0%
Cash 4.5% 5.5% 13.0% 15.0% 30.0% 48.0%
Currency exposure^ 25.0% 20.0% 14.0% 14.0% 8.0% 6.0%


Asset Class High Growth Growth Balanced Growth Socially Conscious Conservative Defensive
Australian equities 19%-39% 14%-35% 6%-27% 7%-27% 0%-20% 0%-17%
International equities 18%-49% 22%-42% 11%-32% 13%-33% 2%-23% 0%-19%
Private equity 0%-28% 0%-26% 0%-25% 0%-25% 0%-23% 0%-20%
Infrastructure & real assets 0%-29% 0%-29% 0%-28% 0%-28% 0%-28% 0%-26%
Property 0%-27% 0%-27% 0%-28% 0%-28% 0%-28% 0%-26%
Liquid alternatives (Growth) 0%-21% 0%-21% 0%-10% 0%-10% 0%-10% 0%-10%
Liquid alternatives (Defensive) 0%-0% 0%-0% 0%-24%
0%-20% 0%-22% 0%-20%
Credit income 0%-23% 0%-25% 0%-27% 0%-27% 0%-27%  0%-24%
Fixed income 0%-10% 0%-25% 0%-35% 0%-35% 0%-40% 0%-45%
Cash 1%-15% 1%-45% 1%-60% 1%-60% 1%-75% 1%-85%
Currency exposure^ 0%-49% 0%-42% 0%-32% 0%-33% 0%-23% 0%-19%


Single asset class investment options

All Products

Asset Class Australian equities International equities Property Fixed interest Cash
Australian equities  100% 0.0% 0.0% 0.0% 0.0%
International equities 0.0% 100.0% 0.0% 0.0% 0.0%
Listed property 0.0% 0.0% 65.0% 0.0% 0.0%
Unlisted property 0.0% 0.0% 35.0% 0.0% 0.0%
Australian fixed income 0.0% 0.0% 0.0% 100.0% 0.0%
International fixed income 0.0% 0.0% 0.0% 0.0% 0.0%
Cash 0.0% 0.0% 0.0% 0.0% 100.0%
Currency exposure^ 0.0% 100.0% 0.0% 0.0% 0.0%


Asset Class Australian equities International equities Property Fixed interest Cash
Australian equities  95%-100% N/A N/A N/A N/A
International equities N/A 95%-100% N/A N/A N/A
Listed property N/A N/A 0%-100% N/A N/A
Unlisted property N/A N/A 0%-100% N/A N/A
Australian fixed income N/A N/A N/A 80%-100% N/A
International fixed income N/A N/A N/A 0%-20% N/A
Cash 0%-5% 0%-5% 0%-5% 0%-5% N/A
Currency exposure^ N/A 95%-100% 0%-5% 0%-5% N/A


For more information, including descriptions of the different asset classes, see the Tailored Super Plan Investment and Fee Booklet, Transition to Retirement PDS or the Flexible Income Plan PDS, or visit the Asset classes webpage.



1. Strategic asset allocations and ranges are current as at 2 June 2022.

^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.