Main region

Balanced - Index

If you're looking to grow wealth over the long term, our Balanced – Index option may suit you.

We're launching a new investment option menu on 1 July 2024.  Please visit the info hub to learn how this affects Accumulation and Income accounts.


As at 31 December 2023 (updated quarterly)

7.1% p.a.

Returns over the last 10 years1

5+ years

Suggested timeframe


Fees (p.a.) + admin fees and costs


Balanced – Index may suit you if you want an option that invests in publicly-traded assets, with a focus on Australian and International shares. This is passively-managed in line with standard market indices.

Investment objective2

Investment objective for Accumulation and Transition to Retirement (TTR) Income accounts: CPI + 3.0% p.a.
Investment objective for Retirement Income accounts: CPI + 3.5% p.a.

Option size

Super assets: $1.2 billion
Pension assets: $481.3 million


  • Very low
  • Low
  • Low to medium
  • Medium
  • Medium to high
  • High
  • Very high

Expected number of years of negative returns over any 20-year period: 4 to less than 6. The risk is based on the standard risk measure (SRM).

Balanced – Index performance overview

As at 31 December 20231 (updated quarterly)

Australian Retirement Trust’s Balanced – Index option produced returns of 6.6% in the December quarter and 12.9% for the year to December 2023. The ten year return as at 31 December of 7.9% p.a. is well above the options objectives of CPI plus 3.0% p.a.

Over the final quarter of 2023, financial markets were buoyed by better news on inflation across a range of economies as well as signs that official interest rates were at or close to a peak and likely to fall over the coming year.

Share and bond returns – both Australian and international - were very strong, although a rise in the Australian dollar against a range of developed and emerging market currencies detracted from the returns of unhedged international shares over the quarter.

Accumulation accounts Retirement Income accounts3
10 years (p.a.) 7.1% 7.9%
7 years (p.a.) 6.7% 7.4%
5 years (p.a.) 7.9% 8.7%
3 years (p.a.) 5.3% 5.7%
1 year 12.9% 13.9%
3 months 6.6% 7.1%

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 admin fees and costs.

Balanced – Index asset allocations

As at 31 December 2023 (updated quarterly)


Asset allocations4
Australian shares
International shares
Fixed Income
Total 100%

Want to know more?

Payment icon

Compare our options

Learn more about our wide range of investment options so you can choose what's right for you.

Compare today
Payment icon

Manage your investments

You can check and change your investment options anytime in Member Online.

Log in now
Document icon

View our performance

We give regular updates on the economy and market, along with how your investments are performing.

Find out more
Payment icon

Contact us

We’re available to speak by phone or live chat between 8:00am–7:30pm AEST/AEDT Monday to Friday.

Contact us today

Join Australian Retirement Trust today - it only takes a few minutes.

We're one of the largest super funds in Australia. Join today and enjoy the benefits as we grow even more.

Join today
  1. 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 admin fees and costs. Returns shown are for Accumulation accounts. Returns up to 28 February 2022 are for Sunsuper, and after that are for Australian Retirement Trust using the same products.
  2. When reading the objectives and/or risks please also read the information in the Super Savings Investment Guide under 'Risks of our investment options' and 'Important information about expected returns'.
  3. Tax generally doesn't apply to investment earnings in Retirement Income accounts.
  4. For additional information on these asset classes, strategic asset allocations, and allowable ranges, read the Super Savings Investment Guide. Note that the effective asset allocation takes into account both the physical exposures to assets along with the effective market exposure from derivative instruments such as futures. These instruments are used by Australian Retirement Trust to bring effective market exposures closer to those represented by each option’s strategic asset allocation.