Investment options in detail

Premixed options

Made up of a number of asset classes.

Conservative

Conservative

Benchmark allocations
Actual asset allocation for each asset class may vary from time to time within the indicative ranges (listed in brackets).

Australian equities
6%  (0-20%)
 
International equities
8%  (0-20%)
 
Opportunistic growth
0% (0-10%)
 
Infrastructure
10%  (0-16%)
 
Property
10%  (0-16%)
 
Alternative debt
15%  (5-25%)
 
Gold
0%  (0-5%)
 
Diversified bonds
15%  (5-25%)
 
Cash
36%  (25-50%)
 
Conservative option details

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.

Investment objective (pensions)*
This option aims to outperform (after fees) the rate of increases in inflation as measured by the CPI by 2% per annum (1.5% per annum for NCAP).

Strategy
To invest in a diversified portfolio with a higher exposure to cash and diversified bonds, and a lower exposure to equities.

Minimum investment timeframe
Medium-term (3 to 6 years).

Most suitable for 
Members who wish to select a less aggressive asset allocation in exchange for more stability and security.

Summary risk level
Low to medium.

* The investment objectives are not forecasts or predictions. They simply represent a benchmark against which the Trustee monitors performance.

Balanced

Balanced

Benchmark allocations
Actual asset allocation for each asset class may vary from time to time within the indicative ranges (listed in brackets).

Australian equities
15%  (5-30%)
 
International equities
20%  (10-30%)
 
Opportunistic growth
0% (0-15%)
 
Infrastructure
10%  (0-19%)
 
Property
10%  (0-19%)
 
Alternative debt
15%  (5-25%)
 
Gold
0%  (0-5%)
 
Diversified bonds
15%  (5-25%)
 
Cash
15%  (5-25%)
 
Balanced option details

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.

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).

Strategy
To invest in a diversified portfolio with exposure to cash, diversified bonds, property and equities.

Minimum investment timeframe
Long-term (4 to 8 years).

Most suitable for 
Members who want a balance between risk and return.

Summary risk level
Medium to high.

* The investment objectives are not forecasts or predictions. They simply represent a benchmark against which the Trustee monitors performance.

Sustainable balanced

Sustainable balanced

Benchmark allocations
Actual asset allocation for each asset class may vary from time to time within the indicative ranges (listed in brackets).

Australian equities
27%  (17-37%)
 
International equities
33%  (23-43%)
 
Property
10%  (0-20%)
 
Gold
0%  (0-5%)
 
Diversified bonds
20%  (10-30%)
 
Cash
10%  (0-20%)
 
Sustainable balanced option details

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.

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).

Strategy
To invest in a diversified portfolio with a moderate exposure to cash and diversified bonds, and a higher exposure to equities, while having regard to ESG principles.

Minimum investment timeframe
Long-term (5 to 10 years)

Most suitable for
Members who are prepared to accept a more aggressive asset allocation than the ‘Balanced’ option, and have an interest in socially responsible investing. This option has the potential of providing higher returns, but also increases the risk of a negative return.

Summary risk level
High.

Key differences from other options
The Sustainable balanced option differs from the other investment options in the following ways:

  • simpler option with fewer asset classes
  • passively managed
  • 100% of the equity allocation is managed to a low carbon benchmark.

* The investment objectives are not forecasts or predictions. They simply represent a benchmark against which the Trustee monitors performance.

Balanced Growth

Balanced Growth

Benchmark allocations
Actual asset allocation for each asset class may vary from time to time within the indicative ranges (listed in brackets).

Australian equities
24%  (14-34%)
 
International equities
29%  (19-39%)
 
Opportunistic growth
0% (0-20%)
 
Infrastructure
11%  (0-21%)
 
Property
11%  (0-21%)
 
Alternative debt
11%  (0-20%)
 
Gold
0%  (0-5%)
 
Diversified bonds
10%  (0-20%)
 
Cash
4%  (0-13%)
 
Balanced growth option details

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 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.

* Based on the SuperRatings Fund Crediting Rate Survey - SR50 MySuper index

 

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).

Strategy
To invest in a diversified portfolio with a moderate exposure to cash and diversified bonds, and a higher exposure to equities.

Minimum investment timeframe
Long-term (5 to 10 years).

Most suited 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
High.

* The investment objectives are not forecasts or predictions. They simply represent a benchmark against which the Trustee monitors performance.

Growth

Growth

Benchmark allocations
Actual asset allocation for each asset class may vary from time to time within the indicative ranges (listed in brackets).

Australian equities
31.5%  (21.5-41.5%)
 
International equities
38.5%  (28.5-48.5%)
 
Opportunistic growth
0% (0-25%)
 
Infrastructure
12%  (2-22%)
 
Property
11%  (0-21%)
 
Alternative debt
5%  (0-15%)
 
Diversified bonds
0%  (0-10%)
 
Cash
2%  (0-12%)
 
Growth option details

Investment objective (super)*
This option aims to outperform (after fees and taxes) the rate of increases in inflation as measured by the CPI by 4.0% per annum.

Investment objective (pensions)*
This option aims to outperform (after fees) the rate of increases in inflation as measured by the CPI by 4.75% per annum (4.0% per annum for NCAP).

Strategy
To invest in a diversified portfolio with a high exposure to equities.

Minimum investment timeframe
Long-term (6 to 12 years).

Most suitable 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
High.

* The investment objectives are not forecasts or predictions. They simply represent a benchmark against which the Trustee monitors performance.

Single sector options

Made up of a single asset class.

Cash

Cash

Cash option details
Investment objective *
This option aims to outperform (after fees and before taxes) the Bloomberg Ausbond Bank Bill Index.
Strategy To invest cash in money market securities such as bank term deposits and bank bills.
Asset class 100% cash.
Minimum investment timeframe

Short-term (0 to 3 years).

Most suitable for

Members who wish to select a less aggressive asset allocation in exchange for more stability and security.

Summary risk level

Very low.

* The investment objectives are not forecasts or predictions. They simply represent a benchmark against which the Trustee monitors performance.

Diversified bonds

Diversified bonds

Diversified bonds option details
Investment objective * To outperform (after fees and before taxes):
50% Bloomberg Ausbond Composite All Maturities Bond Index.
50% FTSE World Government Bond Index ex Australia (hedged in AUD).
Strategy

To invest in interest bearing bonds and some indexed bonds in Australia and overseas.

Benchmark allocation (indicative ranges in brackets) 100% Diversified bonds (80–100%)
0% Alternative debt (0–10%)
0% Cash (0–10%)
Minimum investment timeframe

Medium-term (3 to 6 years).

Most suitable for

This option is designed for members who wish to select a less aggressive asset allocation in exchange for more stability and security.

Summary risk level

High.

* The investment objectives are not forecasts or predictions. They simply represent a benchmark against which the Trustee monitors performance.

International equities

International equities

International equities option details
Investment objective * This option aims to outperform (after fees and before taxes) the MSCI All Countries World ex Australia Net Dividends Index, partly hedged based on the long term strategic currency exposure target.
Strategy

To invest in overseas companies usually listed on one or more overseas stock exchanges, with allocations to both active and passive managers.

Benchmark allocation 100% international equities.
Please note that from time to time the investment managers may hold cash.
Minimum investment timeframe

The minimum suggested time frame to invest in this product is long-term (7 to 14 years). Members should hold the investment for a minimum of 7 years.

Most suitable for

Members who are prepared to accept an aggressive asset allocation which has the potential of providing higher returns, but also increases the risk of a negative return.

Summary risk level

Very high.

* The investment objectives are not forecasts or predictions. They simply represent a benchmark against which the Trustee monitors performance.

Australian equities

Australian equities

Australian equities option details
Investment objective *
This option aims to outperform (after fees and before taxes) the S&P/ ASX 300 Accumulation Index.
Strategy To invest in Australian companies usually listed on the Australian Stock Exchange (ASX) with allocations to both active and passive managers.
Benchmark allocation 100% Australian equities.
Please note that from time to time the investment managers may hold cash.
Minimum investment timeframe Long-term (7 to 14 years).
Most suitable for Members who are prepared to accept an aggressive asset allocation which has the potential of providing higher returns, but also increases the risk of a negative return.
Summary risk level

Very high.

* The investment objectives are not forecasts or predictions. They simply represent a benchmark against which the Trustee monitors performance.

Innovation and disruption

Innovation and disruption

Innovation and disruption option details
Investment objective *
This option aims to outperform (after fees and before taxes) the MSCI All Countries ex-Australia Net Dividends Index, partly hedged based on the long term strategic currency exposure target.
Strategy To invest in high growth companies overseas 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 the investment managers may hold cash.
Minimum investment timeframe The minimum suggested time frame to invest in this product is long-term (7 to 14 years). Members should hold the investment for a minimum of 7 years.
Most suitable for Members who are prepared to accept an aggressive asset allocation which has the potential of providing higher returns, but also increases the risk of a negative return. Members should be comfortable with the risks associated with investing in emerging or developing technologies.
Summary risk level

Very high.

* The investment objectives are not forecasts or predictions. They simply represent a benchmark against which the Trustee monitors performance.

Innovation and disruption option background

Innovation and disruption commenced on 12 February 2018. 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 current manager invests in a small number of overseas companies with the aim of maximising growth. This approach has led to investing in companies that have used technology in various forms to power their growth. Such companies generally utilise innovative techniques in an attempt to achieve sustainable, above market growth rates.

The Innovation and disruption option is partially hedged, consistent with Vision Super’s other international equities options.

Just Shares

Just Shares

Benchmark allocations
Actual asset allocation for each asset class may vary from time to time within the indicative ranges (listed in brackets).

Australian equities
45%  (35-55%)
 
International equities
55%  (45-65%)
 
Just Shares option details

Investment objective *

To outperform (after fees and before taxes):
45% S&P/ASX 300 Accumulation Index
55% MSCI All Countries World ex Australia Net Dividends Index, partly hedged based on the long term strategic currency exposure target.

Strategy
To invest in a premixed portfolio of Australian and international equities, with allocations to both active and passive managers.

Minimum investment timeframe
Long-term (7 to 14 years).

Most suitable for
Members who are prepared to accept a more aggressive asset allocation than the ‘Growth’ option. This option has the potential of providing higher returns, but also increases the risk of a negative return.

Summary risk level
Very high.

* The investment objectives are not forecasts or predictions. They simply represent a benchmark against which the Trustee monitors performance.

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