Premixed options are made up of multiple asset classes, like shares, property, cash and bonds. They are more diversified to meet different risk and performance goals.
| Conservative | |
|---|---|
| Investment objective (super)* | This option aims to outperform (after fees and taxes) the rate of increases in inflation as measured by the CPI by 1.5% per annum over rolling 15-year periods. |
| Investment objective (pensions)* | This option aims to outperform (after fees) the rate of increases in inflation as measured by the CPI by 2.0% per annum (1.5% per annum for NCAP) over rolling 15-year periods. |
| Strategy | To invest in a diversified portfolio with the aim of achieving the investment objective. The long-term strategic asset class allocation is shown below, together with the indicative range for the actual allocation for each asset class. |
| Estimated frequency of a negative annual return | 1 to less than 2 in 20 years. |
| Minimum investment timeframe | 4 years. |
| Who should invest in this option? | Members who wish to select a less aggressive asset allocation than the Balanced growth option in exchange for more stability of return. |
| Summary risk level | The risk level of this option is low to medium. |
| Retirement bonus | Members invested in this option may be eligible for the Retirement bonus if certain terms and conditions are satisfied. More information |
(indicative ranges in brackets)
| Balanced | |
|---|---|
| Investment objective (super)* | This option aims to outperform (after fees and taxes) the rate of increases in inflation as measured by the CPI by 2.0% per annum over rolling 15-year periods. |
| Investment objective (pensions)* | This option aims to outperform (after fees) the rate of increases in inflation as measured by the CPI by 2.75% per annum (2.0% per annum for NCAP) over rolling 15-year periods. |
| Strategy | To invest in a diversified portfolio with the aim of achieving the investment objective. The long-term strategic asset class allocation is shown below, together with the indicative range for the actual allocation for each asset class |
| Estimated frequency of a negative annual return | 3 to less than 4 in 20 years. |
| Minimum investment timeframe | 5 years. |
| Who should invest in this option? | Members that have a moderate to high risk tolerance. |
| Summary risk level | The risk level of this option is medium to high. |
| Retirement bonus | Members invested in this option may be eligible for the Retirement bonus if certain terms and conditions are satisfied. More information |
(indicative ranges in brackets)
| Balanced low cost | |
|---|---|
| Investment objective (super)* | This option aims to outperform (after fees and taxes) the rate of increases in inflation as measured by the CPI by 2.5% per annum over rolling 15-year periods. |
| Investment objective (pensions)* | This option aims to outperform (after fees) the rate of increases in inflation as measured by the CPI by 3.25% per annum (2.5% per annum for NCAP) over rolling 15-year periods. |
| Strategy | To invest in a diversified portfolio with the aim of achieving the investment objective. The long-term strategic asset class allocation is shown below, together with the indicative range for the actual allocation for each asset class. |
| Estimated frequency of a negative annual return | 4 to less than 6 in 20 years. |
| Minimum investment timeframe | 7 years. |
| Who should invest in this option? | Members who are prepared to accept a more aggressive asset allocation than the ‘Balanced’ option, and are seeking a lower cost investment option. This option has the potential of providing higher returns, but also increases the risk of a negative return. |
| Summary risk level | The risk level of this option is high. |
| The Balanced low cost option differs from the Balanced option in two ways: | > Simpler option with fewer asset classes and fund managers. > Index-based equities management. |
| Retirement bonus | Members invested in this option may be eligible for the Retirement bonus if certain terms and conditions are satisfied. More information. |
(indicative ranges in brackets)
| Balanced growth | |
|---|---|
| Investment objective (super)* | This option aims to outperform (after fees and taxes) the rate of increases in inflation as measured by the CPI by 3.0% per annum over rolling 15-year periods and to outperform (after fees and taxes) the median default superannuation fund over rolling three year periods, assessed using the SR50 MySuper Index from the SuperRatings Fund Crediting Rate Survey. |
| Investment objective (pensions)* | This option aims to outperform (after fees) the rate of increases in inflation as measured by the CPI by 3.75% per annum (3.0% per annum for NCAP) over rolling 15-year periods. |
| Strategy | To invest in a diversified portfolio with the aim of achieving the investment objective. The long-term strategic asset class allocation is shown below, together with the indicative range for the actual allocation for each asset class. |
| Estimated frequency of a negative annual return | 4 to less than 6 in 20 years. |
| Minimum investment timeframe | 6 years. |
| Who should invest in this option? | This option is designed for members who are prepared to accept a more aggressive asset allocation than the ‘Balanced’ option. This option has the potential of providing higher returns, but also increases the risk of a negative return. |
| Summary risk level | The risk level of this option is high. |
| Retirement bonus | Members invested in this option may be eligible for the Retirement bonus if certain terms and conditions are satisfied. More information. |
(indicative ranges in brackets)
| Growth | |
|---|---|
| Investment objective (super)* | This option aims to outperform (after fees and taxes) the rate of increases in inflation as measured by the CPI by 3.5% per annum over rolling 15-year periods. |
| Investment objective (pensions)* | This option aims to outperform (after fees) the rate of increases in inflation as measured by the CPI by 4.25% per annum (3.5% per annum for NCAP) over rolling 15-year periods. |
| Strategy | To invest in a diversified portfolio with the aim of achieving the investment objective. The long-term strategic asset class allocation is shown below, together with the indicative range for the actual allocation for each asset class. |
| Estimated frequency of a negative annual return | 4 to less than 6 in 20 years. |
| Minimum investment timeframe | 8 years |
| Who should invest in this option? | This option is designed for members who are prepared to accept a more aggressive asset allocation than the ‘Balanced growth’ option. This option has the potential of providing higher returns, but also increases the risk of a negative return |
| Summary risk level | The risk level of this option is high. |
| Retirement bonus | Members invested in this option may be eligible for the Retirement bonus if certain terms and conditions are satisfied. More information. |
(indicative ranges in brackets)
Single sector options are made up of single asset classes, like Property, Diversified Bonds and Cash.
| Cash | |
|---|---|
| Investment objective * | This option aims to outperform (after fees and before taxes) the Bloomberg Ausbond Bank Bill Index over rolling 3-year periods. |
| Strategy | To invest cash in money market securities such as bank term deposits and bank bills. |
| Benchmark allocation | 100% cash |
| Estimated frequency of a negative annual return | Less than 0.5 in 20 years. Generally, the return from the Cash option is closely aligned with the cash rate that the Reserve Bank of Australia (RBA) targets. Reflecting this, the return is usually not expected to be negative. |
| Minimum investment timeframe | Less than 1 year. |
| Who should invest in this option? | This option is designed for members who wish to select an option that generally has relatively stable and low returns versus the Balanced growth option. This option is expected to have the highest level of return stability of all Vision Super’s options. |
| Summary risk level | The risk level of this option is very low. |
| Retirement bonus | Member balances invested in this option are NOT eligible for the Retirement bonus. |
| * The investment objectives are not forecasts or predictions. Vision Super designs the investment strategy of each option with the aim of achieving the option’s investment objective. | |
| Diversified bonds | |
|---|---|
| Investment objective * | This option aims to outperform (after fees and before taxes) over rolling 5-year periods: > 50% Bloomberg Ausbond Composite All Maturities Bond Index and > 50% FTSE World Government Bond Index ex Australia (hedged in AUD) |
| Strategy | To invest across a range of fixed interest securities in Australia and overseas. |
| Benchmark allocation (indicative ranges in brackets) | 100% Diversified bonds (80–100%) 0% Alternative debt (0–10%) 0% Cash (0–10%) |
| Estimated frequency of a negative annual return | 2 to less than 3 in 20 years. Given that inflation risks are higher than normal, there is greater chance of this option experiencing moderately lower returns than is typically the case. |
| Minimum investment timeframe | 4 years. |
| Who should invest in this option? | This option is designed for members who wish to select an option that generally has greater stability of return and lower medium-term returns than the Balanced growth option. |
| Summary risk level | Medium. The Summary risk level is classified as Medium reflecting the estimated frequency of a negative annual return. |
| Retirement bonus | Member balances invested in this option are NOT eligible for the Retirement bonus. |
| * The investment objectives are not forecasts or predictions. Vision Super designs the investment strategy of each option with the aim of achieving the option’s investment objective. | |
| Property (not available for pensions) | |
|---|---|
| Investment objective * | This option aims to outperform (after fees and taxes) the rate of increases in inflation as measured by the CPI by 2.5% per annum over rolling 15-year periods. |
| Strategy | To invest in a portfolio of property, predominantly located in Australia. This is through unlisted property funds which invest in office, retail and industrial properties, with small allocations to healthcare and education properties. The property funds used will generally target a moderate level of debt funding. Investment is primarily in existing buildings, but may include some development projects on a build-to-own basis. This option has the capacity to invest in listed real estate vehicles and may also include cash allocations from time-to-time. |
| Benchmark allocation | 100% Unlisted property (90 - 100%) 0% Cash (0 - 10%) Please note that from time to time the investment managers may hold cash. |
| Minimum investment timeframe | 8 years, |
| Estimated frequency of a negative annual return | 4 to less than 6 in 20 years. |
| Who should invest in this option? | This option is designed for members who are prepared to accept a very concentrated asset allocation. Members should be comfortable with the risks associated with investing across a range of property sectors. Members should note that this option invests in rarely traded assets and is not suitable for a short-term investment horizon. |
| Summary risk level | The risk level of this option is high. |
| Retirement bonus | Member balances invested in this option are NOT eligible for the Retirement bonus. |
| * The investment objectives are not forecasts or predictions. Vision Super designs the investment strategy of each option with the aim of achieving the option’s investment objective. | |
| Infrastructure (not available for pensions) | |
|---|---|
| Investment objective * | This option aims to outperform (after fees and taxes) the rate of increases in inflation as measured by the CPI by 3.5% per annum over rolling 15-year periods. |
| Strategy | To invest in a portfolio of Australian and global infrastructure assets. This is through unlisted infrastructure funds which invest in a diverse range of infrastructure sectors such as electricity distribution networks, airports, seaports, pipelines, toll roads, water utilities and other areas. Typically investment will be equity investments and the average gearing level is moderate, but ranges from low to high depending on the asset. Investment is primarily in operating assets, but may include some development projects. This option has the capacity to invest in listed infrastructure and may include cash allocations from time-to-time. |
| Benchmark allocation | 100% Infrastructure (90 - 100%) 0% Cash (0 - 10%) Please note that from time to time the investment managers may hold cash. |
| Minimum investment timeframe | 8 years. |
| Estimated frequency of a negative annual return | 4 to less than 6 in 20 years on average. |
| Who should invest in this option? | This option is designed for members who are prepared to accept a very concentrated asset allocation. Members should be comfortable with the risks associated with investing in infrastructure assets. These assets typically provide essential services (for example, airports). |
| Summary risk level | The risk level of this option is high. |
| Retirement bonus | Member balances invested in this option are NOT eligible for the Retirement bonus. |
| * The investment objectives are not forecasts or predictions. Vision Super designs the investment strategy of each option with the aim of achieving the option’s investment objective. | |
| International equities | |
|---|---|
| Investment objective * | This option aims to outperform (after fees and before taxes) the MSCI All Countries World ex Australia Net Dividends Index, unhedged over rolling 15-year periods. |
| Strategy | To invest in overseas companies usually listed on one or more overseas stock exchanges, with allocations to both active and index managers. |
| Benchmark allocation | 100% international equities. Please note that from time to time investment managers may hold cash. |
| Estimated frequency of a negative annual return | 6 or greater in 20 years. |
| Minimum investment timeframe | 12 years. |
| Who should invest in this option? | This option is designed for members who are prepared to accept a more aggressive and concentrated asset allocation than the Balanced growth option. This option has the potential to provide higher returns, but also increases the risk of a negative return. |
| Summary risk level | The risk level of this option is very high. |
| Retirement bonus | Members invested in this option may be eligible for the Retirement bonus if certain terms and conditions are satisfied. More information |
| * The investment objectives are not forecasts or predictions. Vision Super designs the investment strategy of each option with the aim of achieving the option’s investment objective. | |
| Australian equities | |
|---|---|
| Investment objective * | This option aims to outperform (after fees and before taxes) the S&P/ASX 300 Accumulation Index over rolling 15-year periods. |
| Strategy | To invest in Australian companies usually listed on the Australian Securities Exchange (ASX) with allocations to both active and index managers. |
| Benchmark allocation | 100% Australian equities. Please note that from time to time the investment managers may hold cash. |
| Estimated frequency of a negative annual return | 6 or greater in 20 years. |
| Minimum investment timeframe | 12 years. |
| Who should invest in this option? | This option is designed for members who are prepared to accept a more aggressive and concentrated asset allocation than the Balanced growth option. This option has the potential to provide higher returns, but also increases the risk of a negative return. |
| Summary risk level | The risk level of this option is very high. |
| Retirement bonus | Members invested in this option may be eligible for the Retirement bonus if certain terms and conditions are satisfied. More information. |
| * The investment objectives are not forecasts or predictions. Vision Super designs the investment strategy of each option with the aim of achieving the option’s investment objective. | |
| Innovation and disruption | |
|---|---|
| This option seeks to invest in companies that are expected to grow relatively quickly over the medium term. It is one of our least diversified single sector options. Our single sector options are, by nature, not diversified across asset class sectors, but many are diversified in the underlying investments. This option is currently invested with one active manager. This may change in the future if additional managers are needed and fit with the option’s strategy. The option is typically unhedged but from time to time this may change depending on our assessment of likely currency movements. The current manager invests in a small number of companies that are expected to experience strong earnings growth over the medium term. In general, companies in the portfolio utilise innovative techniques in an attempt to achieve sustainable, above market growth. For example, companies that use technology in various forms to power their growth. |
|
| Investment objective * | This option aims to outperform (after fees and before taxes) the MSCI All Countries ex-Australia Net Dividends Index, unhedged over rolling 15-year periods. |
| Strategy | To invest in high growth companies globally that are disruptive and innovative within their industry. These companies generally use technology in various forms to power their growth. The companies are usually listed on one or more overseas stock exchanges however there will also be an exposure to unlisted assets in the option. |
| Benchmark allocation | 100% international equities. Please note that from time to time investment managers may hold cash. |
| Estimated frequency of a negative annual return | 6 or greater in 20 years. |
| Minimum investment timeframe | 15 years. |
| Who should invest in this option? | This option is designed for members who are prepared to accept an aggressive and very concentrated asset allocation. This option has the potential to provide higher returns, but also increases the risk of a negative return. This is the highest risk option offered. Members should be comfortable with the risks associated with investing in emerging or developing technologies. |
| Summary risk level | The risk level of this option is very high. |
| Retirement bonus | Members invested in this option may be eligible for the Retirement bonus if certain terms and conditions are satisfied. More information. |
| * The investment objectives are not forecasts or predictions. Vision Super designs the investment strategy of each option with the aim of achieving the option’s investment objective. | |
| Just shares | |
|---|---|
| Investment objective* | This option aims to outperform (after fees and before taxes) over rolling 15-year periods: > 45% S&P/ASX 300 Accumulation Index and > 55% MSCI All Countries World ex Australia Net Dividends Index, unhedged. |
| Strategy | To invest in a portfolio of Australian and international equities, including allocations to both active and index managers with the aim of achieving the investment objective. The long-term strategic asset class allocation is shown below, together with the indicative range for the actual allocation for each asset class. |
| Estimated frequency of a negative annual return | 6 or greater in 20 years. |
| Minimum investment timeframe | 12 years. |
| Who should invest in this option? | This option is designed for members who are prepared to accept a more aggressive and concentrated asset allocation than the Balanced growth option. This option has the potential to provide higher returns, but also increases the risk of a negative return. |
| Summary risk level | The risk level of this option is very high. |
| Retirement bonus | Members invested in this option may be eligible for the Retirement bonus if certain terms and conditions are satisfied. More information. |
| * The investment objectives are not forecasts or predictions. Vision Super designs the investment strategy of each option with the aim of achieving the option’s investment objective. |
|
(indicative ranges in brackets)
Most of the time it’s important to keep your investment strategy consistent to get the most out of it. If your circumstances change it’s important you do review your investment options and make sure they’re still right for you.
Before you make any decisions, we recommend that you obtain financial advice. With Vision Super you can receive advice at no additional cost from a Vision Super financial planner on single topics relating to your Vision Super account, to help develop a strategy tailored for you.
Make an appointment with a Vision Super Financial Planner who will provide information and advice about your super or pension. Bookings can also be made by calling 1300 300 820.
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Member Hotline 1300 300 820
Employer Hotline 1300 304 947
Retirement Hotline 1300 017 589
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