Conservative

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.  

Objective

1.5% above CPI

Risk Profile

Low

Time horizon

2 years

Asset Allocation

Asset class Current allocation Allocation range
Growth
 
Australian Equities
9.03 % 0%-18%
 
International Equities
9.21 % 0%-18%
 
Australian Direct Property
5.32% 0%-10%
 
International Listed Property
1.88 % 0%-6%
 
Private Equity
2.21 % 0%-7%
 
Private Credit
4.24 % 0%-10%
 
Growth Alternatives
3.91 % 0%-10%
Defensive
 
Short Term Fixed Interest
20.14 % 10%-30%
 
Liquid Alternatives
1.22 % 0%-5%
 
Bonds
25.34 % 19%-39%
 
Infrastructure
4.70 % 2%-12%
 
Cash
12.80 % 5%-15%

Asset allocations current at 31 May 2021.
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 Fun
• Infrastructure
• International Equities (Only Challenger Index Plus Fund)