Investment News Update

At Cbus, we offer a range of investment options to suit our members goals, time frames and their preferred levels of risk and we invest across a wide range of asset classes including shares, property, infrastructure, private equity, fixed interest and cash both in Australia and overseas.

Each investment option across Accumulation, Transition to Retirement and Fully Retired has set investment objectives and we review these objectives every year to ensure they meet members’ needs.

When we do this, we look at a range of factors including the age of our members, the economic environment and how we expect different types of assets to perform. As a result of the FY2022/23 annual review, we have made the following changes effective 30 June 2023.

Strategic Asset Allocation changes

For our Accumulation suite of investment options, the following changes apply:

The Conservative investment option:

• Reduction in the allocation to the ‘Australian shares’ asset class from 8.0% to 7.0%
• Reduction in the allocation to the ‘Global shares’ asset class from 9.5% to 8.5%
• Reduction in the allocation to the ‘Alternative growth’ asset class from 2.0% to 1.5%
• Reduction in the allocation to the ‘Australian fixed interest’ asset class from 14.25% to 11.75%
• Reduction in the allocation to the ‘Global fixed interest’ asset class from 14.25% to 11.75%
• Increase in the allocation to the ‘Global credit’ asset class from 9.0% to 14.0%
• Increase in the allocation to the ‘Enhanced income’ asset class from 10.0% to 12.5%

The following table shows the strategic asset allocations and their ranges:

For our Transition to Retirement investment options, the following changes apply:

The Conservative investment option:

• Reduction in the allocation to the ‘Australian shares’ asset class from 8.0% to 7.0%
• Reduction in the allocation to the ‘Global shares’ asset class from 9.5% to 8.5%
  
• Reduction in the allocation to the ‘Alternative growth’ asset class from 2.0% to 1.5%
• Reduction in the allocation to the ‘Australian fixed interest’ asset class from 14.25% to 11.75%
• Reduction in the allocation to the ‘Global fixed interest’ asset class from 14.25% to 11.75%
• Increase in the allocation to the ‘Global credit’ asset class from 9.0% to 14.0%
• Increase in the allocation to the ‘Enhanced income’ asset class from 10.0% to 12.5%

The following table shows the strategic asset allocations and their ranges:

For our Super Income Stream investment (SIS) options, the following changes apply:

The Conservative investment option:

• Reduction in the allocation to the ‘Australian shares’ asset class from 9.0% to 8.0%
• Reduction in the allocation to the ‘Global shares’ asset class from 8.5% to 7.5%
• Reduction in the allocation to the ‘Alternative growth’ asset class from 2.0% to 1.5%
• Reduction in the allocation to the ‘Australian fixed interest’ asset class from 14.25% to 11.75%
• Reduction in the allocation to the ‘Global fixed interest’ asset class from 14.25% to 11.75%
• Increase in the allocation to the ‘Global credit’ asset class from 9.0% to 14.0%
• Increase in the allocation to the ‘Enhanced income’ asset class from 10.0% to 12.5%

The following table shows the strategic asset allocations and their ranges:

United Super Pty Ltd ABN 46 006 261 623 AFSL 233792 as Trustee for the Construction and Building Unions Superannuation Fund ABN 75 493 363 262 (Cbus and/or Cbus Super).

This information is about Cbus Super. It doesn’t account for your specific needs. Please consider your financial position, objectives and requirements before making financial decisions. Read the relevant Product Disclosure Statement (PDS) and Target Market Determination to decide if Cbus Super is right for you.