Returns over the last 10 years1
Suggested timeframe
Fees2 + admin fees and costs
Suitable if you're an investor who:
Expected number of years of negative annual returns in any 20 years: 2 to less than 3. The risk is based on the standard risk measure (SRM).
| Accumulation and TTR Income accounts: | CPI + 2.5% p.a. |
| Retirement Income accounts: | CPI + 3.0% p.a. |
| Super assets: | $5.7 billion |
| Pension assets: | $6.6 billion |
As at 31 March 20251
Our Conservative-Balanced option for Accumulation accounts produced a 0.03% return for the March quarter and a 5.41% return over the year to 31 March 2025. The 10-year return of 5.95% p.a. remains above the option’s return objective of CPI+2.5% p.a.
After a positive start to 2025, world share market sentiment deteriorated as the quarter progressed in response to the trade war triggered by President Trump’s decisions on tariffs. While emerging market shares produced positive returns, Australian and developed market share returns were negative over the quarter, as significant falls in US and Japanese share prices more than offset gains in UK and Europe. After a sharp sell-off in the final months of 2024, both Australian and global fixed income returns were positive over the March quarter.
Our real estate, private equity, and infrastructure portfolios outperformed public markets over the March quarter.
In the SuperRatings survey for March 2025, the performance of our Conservative-Balanced option was ahead of the median fund over the quarter, and over 1, 3, 5, 7, and 10 years to the end of March 2025.
| Accumulation accounts | Retirement Income accounts4 | |
|---|---|---|
| 10 years (p.a.) | 5.95% | 6.71% |
| 7 years (p.a.) | 6.09% | 6.85% |
| 5 years (p.a.) | 7.73% | 8.68% |
| 3 years (p.a.) | 5.58% | 6.32% |
| 1 year | 5.41% | 6.09% |
| 3 months | 0.03% | -0.03% |
Past performance isn't a reliable indicator of future performance. Returns shown are after investment fees and costs, transaction costs and investment taxes but before all other fees and costs.
Returns shown here for our Accumulation account are also the returns that apply for Transition to Retirement Income accounts. Tax generally doesn't apply to investment earnings in Retirement Income accounts.
Our team of investment specialists have designed each option with the aim of growing your super savings and maximising your retirement income. Join today
| Strategic asset allocation5 | |
|---|---|
|
Australian shares
|
17.25% |
|
International shares
|
19.25% |
|
Unlisted assets and alternatives
|
26.0% |
|
Fixed income
|
35.5% |
|
Cash
|
2.0% |
| Total | 100% |
As at 31 March 2025
We continue to hold a substantial allocation to the key unlisted asset classes – real estate, infrastructure, private equity, and private debt. As a large superannuation fund, we have well-diversified portfolios of these assets that we expect will deliver strong, long-term returns, while reducing our members’ exposures to share market volatility.
We don't design portfolios based on short-term economic, market or geopolitical forecasts. However, our investment team and external investment managers do seek to capitalise on opportunities that inevitably emerge during times of heightened market volatility. Those opportunities have increased significantly since the end of March.
At the end of March 2025, our DAA strategy marginally favoured bonds over shares and cash. Within DAA’s shares allocation, we preferred Japanese shares over shares in the US and Australia. In fixed income, we were overweight in France, UK, Italy, and Australia and maintained underweight positions in Canadian, German, Japanese, and US bonds.
Learn more about our wide range of investment options so you can choose what's right for you.
Compare today
You can check and change your investment options anytime in Member Online.
Log in now
We give regular updates on the economy and market, along with how your investments are performing.
Find out more
We’re available to speak by phone or live chat between 8:00am–7:30pm AEST/AEDT Monday to Friday.
Contact us today
We're one of the largest super funds in Australia. Join today and enjoy the benefits as we grow even more.
Join today
