International Shares Unhedged Index
A portfolio of listed international shares. Currency exposure isn't hedged back to the Australian dollar.
Option: International Shares Unhedged Index
Summary
10-year returns as at 30 June 2025
11.40% p.a.
Returns over the last 10 years1
7+ years
Suggested timeframe
0.10% p.a.
Fees2 + admin fees and costs
Who it suits
Suitable if you're an investor who:
- wants a portfolio of listed international shares with currency exposure not hedged back to the Australian dollar
- is willing to take higher risk for higher long-term returns and wants an option that's lower cost than an actively managed option
- is prepared to accept that shares are very likely to have negative returns over the short to medium term and that currency movements will affect their value
- is prepared to accept the option may not be suitable if you have a low risk tolerance, are seeking to preserve your super, or are likely to need access to your super in the next few years.
Risk
You could expect this option to have a negative annual return 6 or more times in any 20 years. The risk is based on the standard risk measure (SRM)^.
Investment objective
Closely match the returns of the performance benchmark and maintain a lower weighted carbon intensity.
Option size
Super assets:
$4.5 billion
Pension assets:
$662.6 million
^For more definitions
International Shares Unhedged Index performance
As at 30 June 20251
World share markets enjoyed strong returns over the June quarter, despite ongoing concerns over global trade, and attacks on Iran and its nuclear infrastructure by both Israel and the US.
After share prices fell sharply in early in April in response to President Trump’s ‘Liberation Day’ tariff announcements, the president’s decision soon after to pause most of those tariffs for 90 days sparked a massive resurgence in world share markets.
The Australian dollar traded weaker against foreign currencies over the quarter, resulting in the outperformance of the International Shares – Index (Unhedged) option compared to the International Shares – Index (Hedged) option.
| Accumulation accounts | Retirement Income accounts | |
|---|---|---|
| 10 years (p.a.) | 11.40% | 12.33% |
| 7 years (p.a.) | 11.97% | 13.03% |
| 5 years (p.a.) | 14.10% | 15.38% |
| 3 years (p.a.) | 17.93% | 19.63% |
| 1 year | 16.50% | 18.18% |
| 3 months | 5.62% | 6.15% |
Past performance isn't a reliable indicator of future performance. Returns shown are after investment fees and costs, transaction costs and investment taxes (where relevant) but before all other fees and costs. Returns shown here for our Accumulation account are also the returns that apply for TTR income accounts. Tax generally doesn't apply to investment earnings in Retirement Income accounts.
International Shares Unhedged Index asset allocation
| Strategic asset allocation | |
|---|---|
| International shares | 100% |
| Total | 100% |
From 1 July 2025. For more information on these asset classes, strategic asset allocations, and allowable ranges, read the PDS that applies to you.
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