The Conservative Balanced strategy generally invests a proportion of its funds in growth assets such as Australian and international equities and property, semi liquids and private equity and the balance in income-producing assets, such as interest-bearing securities. This combination offers real investment growth above the CPI rate over a 10-year period. There are more assets that produce income, which makes the strategy more stable than the High-Growth and Balanced Growth strategies.


2.0% above CPI

Risk Profile

Medium To High

Time horizon

3 years

Asset Allocation

Asset class Current allocation Allocation range
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Asset allocations current at 31 March 2022. Note that the combined investments in Illiquid Asset will not exceed 30%. Illiquid assets are defined as follows: Australian Direct Property; Private Equity; Private Credit; Growth Alternative except Attunga Fund; Infrastructure; International Equities (Only Challenger Index Plus Fund)