Conservative Option

Suitable for members seeking returns above inflation over a medium period of at least five to seven years. With less volatility experienced than the Balanced options, it aims to maintain consistent returns by investing in a diversified mix of asset classes split between defensive and growth assets with a lower level of risk.

Option summary

Strategic asset allocation

Investment performance

Account availability/ Commencement	Super and Income accounts / 1 July 2003
Investment objective	Super accounts and Pre-Retirement Income accounts: Achieve returns net of fees and tax at least equal to CPI + 2.0% over rolling five year periods Post-Retirement Income accounts: Achieve returns net of fees and tax at least equal to CPI + 2.5% over rolling five year periods
Likelihood of a negative annual return	Three to less than four in every 20 years (3.66)
Standard Risk Measure

	Asset Allocation	Investment Range
Australian Equities	16.0%	6 - 26%
International Equities	17.0%	7 - 27%
Alternative Growth	4.0%	1 - 8%
Property	12.0%	7 - 17%
Infrastructure	12.0%	7 - 17%
Australian Fixed Interest	6.0%	0 - 14%
International Fixed Interest	6.0%	0 - 14%
Alternative Defensive	10.0%	2 - 16%
Cash/Enhanced Cash	17.0%	10 - 25%
Currency exposure	9%	0 - 19%

	12 months to 30 June
	Super accounts	Income Accounts – Pre-Retirement	Income accounts – Post-Retirement
2021	9.96%	9.96%	11.14%
2020	0.32%	0.32%	0.55%
2019	6.42%	6.42%	7.04%
2018	7.34%	7.29%	8.14%
2017	8.97%	9.84%	9.84%
2016	4.54%	5.22%	5.22%