Pension investment options

Return objective

• To provide modest investment returns while limiting short-term volatility and loss of capital.
• To at least match the Bloomberg Ausbond Australian Bank Bill Index over rolling 5-year periods (before administration fees but after investment fees and costs).

Risk profile

• Likely to produce the lowest long-term investment returns with the fewest fluctuations from year to year.
• Capital invested in this option is not guaranteed. This option is likely to produce a negative return less than 6 months in every 20 years.

Risk level

• Very low

Investor profile

• Will suit investors looking for stability, but long-term investment returns are likely to be the lowest of all investment options.
• Minimum suggested time frame for holding the investment is 1 year. 
• If you choose this option, you may need to consider whether medium and long-term returns with this option are likely to be high enough to ensure your superannuation grows adequately to meet your retirement income goals.

Strategic asset allocation

^{The Trustee may adjust the asset mix or vary the investment strategy from time to time.}

Long term returns performance

Portfolio Holdings Disclosure as at 31/12/2025

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Return objective

• To maximise long-term investment returns.
• To outperform the MSCI All Country World (ACWI) ex-Australia Index, 50% unhedged and 50% hedged into Australian dollars, net of fees, over rolling 10-year periods.

Risk profile

• 100% invested in overseas shares, and therefore carries a high level of investment risk.
• Short-term fluctuations will occur, but the highest investment returns are expected over longer periods.
• This option is likely to produce a negative return approximately 5 years in every 20 years.

Risk level

• High

Investor profile

• Will suit investors looking for the highest investment returns over the long-term, but who are prepared to accept extreme fluctuations in investment performance.
• Exposure includes emerging market equities and currency hedging will be applied to part of the portfolio.
• Minimum suggested time frame for holding the investment is 10 years.

Strategic asset allocation

^{The Trustee may adjust the asset mix or vary the investment strategy from time to time.}

Long term returns performance

Portfolio Holdings Disclosure as at 31/12/2025

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Return objective

• To maximise long-term investment returns.
• To outperform the return of the S&P/ASX300 Accumulation index, net of fees, over rolling 10-year periods.

Risk profile

• 100% invested in Australian shares, and therefore carries the highest level of investment risk.
• Short-term fluctuations will occur, but the highest investment returns are expected over longer periods.
• This option is likely to produce a negative return approximately 6 years in every 20 years.

Risk level

• Very High

Investor profile

• Will suit investors looking for the highest investment returns over the long-term, but who are prepared to accept very large fluctuations in investment performance.
• Minimum suggested time frame for holding the investment is 10 years. 

Strategic asset allocation

^{The Trustee may adjust the asset mix or vary the investment strategy from time to time.}

Long term returns performance

Portfolio Holdings Disclosure as at 31/12/2025

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Return objective*

• To maximise long-term investment returns, subject to constraints aimed at limiting the risk of loss of capital. 
• To outperform an average annual return of CPI plus 2.0% p.a. over rolling 10-year periods (net of all fees and tax except the weekly administration fee).

Risk profile

• Offers the likelihood of higher long-term investment returns than cash with greater fluctuations from year to year. Capital invested in this option is not guaranteed.
• This option is likely to produce a negative return in 1 to 2 years in every 20.

Risk level

• Low to medium

Investor profile

• Will suit investors looking for lower volatility in returns, but who are prepared to accept some exposure to growth assets. 
• Minimum suggested time frame for holding the investment is 3 years.

Strategic asset allocation

^{The Trustee may adjust the asset mix or vary the investment strategy from time to time.}

Long term returns performance

Portfolio Holdings Disclosure as at 31/12/2025

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Return objective*

• To maximise long-term investment returns while maintaining a balance of risk and return.
• To outperform an average annual return of CPI plus 2.75% p.a. over rolling ten-year periods (net of all fees and tax except the weekly administration fee).

Risk profile

• Invests in a mix of assets designed to achieve higher returns, while reducing short-term risks.
• This option is likely to produce a negative return in 2 to 3 years in every 20 years. 

Risk level

• Medium

Investor profile

• Will suit investors looking for moderate returns over the medium to long-term but who are prepared to accept some fluctuations in investment performance over shorter periods.
• Minimum suggested time frame for holding the investment is 3 years. 

Strategic asset allocation

^{The Trustee may adjust the asset mix or vary the investment strategy from time to time.}

Long term returns performance

Portfolio Holdings Disclosure as at 31/12/2025

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Return objective*

• To achieve adequate long-term investment returns* using simple lower-cost investment strategies.
• To outperform an average annual return of CPI plus 3.5% p.a. over rolling 10-year periods (net of all fees and tax except the weekly administration fee).

Risk profile

• Offers an emphasis on shares and property to achieve higher returns, but includes some lower-risk defensive assets to reduce short-term risks. 
• The strategy is passively invested which is lower-cost but provides diversified exposures to selected listed asset classes like Australian shares, International shares, Australian Property Securities and Australian Cash.
• This option is likely to produce a negative return in 4 to 6 years in every 20 years.

Risk level

• High

Investor profile

• Will suit investors looking for moderate to high returns over the long term, but who are prepared to accept fluctuations in investment performance over shorter periods.
• The strategy is suited to investors seeking to minimise costs, although without utilising active managers seeking to achieve outperformance above market benchmarks. 
• Minimum suggested time frame for holding the investment is 5 years. 

Strategic asset allocation

^{The Trustee may adjust the asset mix or vary the investment strategy from time to time.}

Long term returns performance

Portfolio Holdings Disclosure as at 31/12/2025

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Return objective*

• To maximise long-term investment returns while containing fluctuations in returns over shorter periods.
• To outperform an average annual return of CPI plus 3.5% p.a. over rolling 10-year periods (net of all fees and tax except the weekly administration fee).

Risk profile

• Offers a greater emphasis on assets that are likely to achieve higher returns, but includes some lower-risk assets to reduce short-term risks.
• This option is likely to produce a negative return in 4 to 6 years in every 20 years.

Risk level

• High

Investor profile

• Will suit investors looking for moderate to high returns over the medium to long-term, but who are prepared to accept some fluctuations in investment performance over shorter periods. 
• Minimum suggested time frame for holding the investment is 5 years. 

Strategic asset allocation

^{The Trustee may adjust the asset mix or vary the investment strategy from time to time.}

Long term returns performance

Portfolio Holdings Disclosure as at 31/12/2025

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Return objective*

• To outperform an average annual return of CPI plus 3.5% p.a.over rolling 10-year periods (net of all fees and tax except the weekly administration fee).

Risk profile

• Offers greater emphasis on shares and property to achieve higher returns, but includes some lower-risk assets to moderate short-term risks. Investments are made with a focus on managing sustainability and environmental, social, and governance (ESG) risks via exposure to companies and issuers that demonstrate leading environmental, social and corporate governance and ethical practices while avoiding exposure to companies and issuers with activities that are considered to negatively impact the environment or society.
• Further information about what ESG factors and exclusionary screens are applied when making investment decisions can be found below in the ‘Investment Strategy’ section.
• This option is likely to produce a negative return in 4 to 6 years in every 20 years.

Risk level

• High

Investor profile

The Balanced Socially responsible option currently invests in the Pendal Sustainable Balanced Fund (SB Fund). The SB Fund is an actively-managed diversified portfolio that invests in Australian and international shares, Australian and international property securities, Australian and international fixed interest, cash and Alternative investments.

Sustainability criteria and exclusionary screens are incorporated into the Australian and international shares, Australian and International fixed interest and part of the Alternative investments asset classes. Exclusionary screens are not applied to certain asset classes and financial instruments. Further information about how sustainable and ethical investment practices are incorporated into investment decisions and ‘Exclusionary screens’ can be found in the ‘Investment Strategy’ section of the PDS for this investment option.

• Will suit investors looking for moderate to high returns over the medium to long-term, but who are prepared to accept fluctuations in investment performance over shorter period.
• Minimum suggested time frame for holding the investment is 5 years.

Strategic asset allocation

^{The Trustee may adjust the asset mix or vary the investment strategy from time to time.}

Long term returns performance

Investment Strategy

The Balanced Socially responsible option (via the SB Fund) has a sustainability objective which aims to support the transition to a more sustainable economy (the Sustainability Objective^{)^}
 
The SB Fund aims to support this Sustainability Objective by aligning 50% or more if its capital (within Australia and International shares, Australian and International fixed interest and part of the Alternative investments asset classes of the Fund) in aggregate with investments that advance this transition.
 
Pendal aim to do this by allocating capital to investments that in their view:

• Support positive environmental and/or social change via their investment processes, use of capital and/or approach to active ownership; and
• Avoid exposure to companies and issuers with business activities that negatively impact the environment and/or society

The SB Fund’s Sustainability Objective does not apply to derivatives.
 
Pendal applies its sustainability assessment to investments in the SB Fund’s Australian and International shares, Australian and International fixed interest and part of the Alternative investments asset classes of the SB Fund. Within these asset classes, it assesses an investment’s sustainability characteristics for alignment with the SB Fund’s Sustainability Objective.
 
Pendals’ sustainability assessment may consider the following types of sustainability characteristics:

• Positive screening or tilts;
  Pendal considers whether the investment has a strategy in place that intentionally favours companies or assets that are considered to support positive environmental and/or social change via their investment processes;
• Approach to active ownership;
  Active ownership refers to the influence that can be applied to management teams and relevant stakeholders of investee companies and assets by asset owners via engagement and voting activities;
• Exclusionary screening process
  Pendal considers the investment’s approach to screening out securities that are considered to negatively impact the environment and/or society¹; and
• Sustainability reporting.
  Pendal considers the investment’s approach to reporting their sustainability targets and commitments.

Pendal continually monitors the sustainability characteristics of the SB Fund’s investments.
 
If Pendal determines that an investment no longer meets the SB Fund’s sustainability criteria, Pendal may choose to engage with the underlying manager, company or issuer to address the issue. If the engagement is unsuccessful, Pendal may divest the holding (usually within six months) having regard to the interests of investors. The time it takes to sell an investment depends on factors including, but not limited to, the size and liquidity of the investment (which may have an impact on the SB Fund’s performance returns), and the time it takes for us to assess suitable replacement investments that meet the SB Fund’s exclusionary screens and sustainability criteria.

^{^}Pendal defines a sustainable economy as an economic system which balances environmental, social, and economic factors.
 
¹ As defined by the SB Fund’s exclusionary screens and gross revenue thresholds
 
For more information about this investment option and the Exclusionary Screens that are applied when making investment decisions refer to our Product Disclosure Statement (PDS) relevant to your product.

Portfolio Holdings Disclosure as at 31/12/2025

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Return objective*

• To maximise long-term investment returns, accepting that there may be fluctuations in returns over shorter periods.
• To outperform an average return of CPI plus 4.0% p.a. net of tax, investment, and administration fees over rolling 10-year periods. 

Risk profile

• Predominantly invests in to shares and property and therefore carries a higher level of investment risk.
• Short-term fluctuations will occur, but higher investment returns are expected over longer periods.
• This option is likely to produce a negative return in 4 to 6 years in every 20 years.

Risk level

• High

Investor profile

• Will suit investors looking for higher returns over the long-term, but who are prepared to accept large fluctuations in investment performance.
• Minimum suggested time frame for holding the investment is 10 years. 

Strategic asset allocation

^{The Trustee may adjust the asset mix or vary the investment strategy from time to time.}

Long term returns performance

Portfolio Holdings Disclosure as at 31/12/2025

Download CSV | Download Excel

Return objective*

• To maximise long-term investment returns.
• To outperform an average return of CPI plus 4.5% p.a. net of tax, investment and administration fees over rolling 10-year periods.

Risk profile

• Predominantly invests in to shares and property and therefore carries the highest level of investment risk out of all the diversified portfolios.
• Short-term fluctuations will occur, but higher investment returns are expected over longer periods.
• This option is likely to produce a negative return in 4 to 6 years in every 20 years.

Risk level

• High

Investor profile

• Will suit investors looking for the highest investment returns over the long-term, but who are prepared to accept very large fluctuations in investment performance.
• Minimum suggested time frame for holding the investment is 10 years.

Strategic asset allocation

^{The Trustee may adjust the asset mix or vary the investment strategy from time to time.}

Long term returns performance

Portfolio Holdings Disclosure as at 31/12/2025

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The annual return and return objectives listed are net of all fees and tax except the weekly $0.99 Administration fee.

All investment performance and unit pricing is net of tax and fees, except the weekly $0.99 Administration fee. Returns have not been adjusted for the affect of any fee capping arrangement and are rounded to two decimal places. Investment returns are not guaranteed, and past performance is not necessarily a guide to future performance.

This information on this website is general information and does not take into account your specific financial situation, objectives or needs. You should obtain and read the Product Disclosure Statement (PDS) relevant to your account type, found here.

You should also read the Target Market Determination. You should consider obtaining personal advice from a licensed financial adviser before making any decision based on matters included on this website.

Your personal return will differ from the above performance figures depending on your investment option(s), when you joined the fund, transactions, fees charged, and investment switches.

In the instance of a unit pricing error for exited members, compensation will be paid where the amount of compensation is $20 and above.

To view your own investment option, and your personal investment returns, log in to MemberAccess. For more information about unit pricing, and investment returns are applied to your account, refer to the relevant Product Disclosure Statement.

Each Investment option (with the exception of the Direct Investment Option) pools member contributions, which are then used to purchase assets such as shares, property, bonds and cash for that option. The assets of each option pool are notionally divided into units – or a share of those assets. The value or price of each unit is determined by the value of the pool of assets. As the value of the assets increase, the unit price rises. If the value of the pool of assets decreases, the unit price falls. If you contribute additional money to an option, you buy more units. If money is withdrawn to pay fees or to pay you a benefit, units are sold. To calculate the value of your investment, you multiply the number of units you have been allocated in the option by the current unit sell price.

legalsuper utilises the Standard Risk Measure, which is based on industry guidance to allow members to compare investment options that are expected to deliver a similar number of negative annual returns over any 20 year period. The Standard Risk Measure is not a complete assessment of all forms of investment risk, for instance it does not detail what the size of a negative return could be or the potential for a positive return to be less than you may require to meet your objectives. You should still ensure you are comfortable with the risks and potential losses associated with your chosen investment options.