The Conservative strategy generally invests a small proportion in growth assets 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. Although it is relatively more stable than the High-Growth, Balanced Growth and Balanced strategies, the returns and the value of the investment can still fluctuate. 


1.5% above CPI

Risk Profile

Low To Medium

Time horizon

2 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)