Pre-merger and current investment option asset allocations for Defined Benefit members

As outlined within your relevant significant event notice, changes were made to the Defined Benefit Scheme investment option (previously called the Defined Benefit Selection option) on 12 May 2023 when EISS Super merged with Cbus Super. This investment option is now called the Defined Benefit investment option in Cbus Super.

The tables below show how this option changed.

Further details about the Defined Benefit investment option will be available in the Defined Benefit Product Disclosure Statement, which is currently being finalised. It will be uploaded to our website at cbussuper.com.au/forms when available.

Table 1. Investment option’s growth/defensive splits

Previous EISS Defined Benefit Selection Asset Class pre -12 May 2023	Growth/defensive asset allocation	Cbus Defined Benefit investment option post-12 May 2023	Target growth/defensive asset allocation (%)
Growth assets	55%	Growth assets	55%
Defensive assets	45%	Defensive assets	45%

Note: Growth assets include Australian shares, global shares, emerging market shares, private equity, alternative growth, 50% of infrastructure, 50% of property and 50% of global credit. Defensive assets include cash, fixed interest, 50% of property, 50% of infrastructure and 50% of global credit.

Table 2. How the investment option Strategic Asset Allocation will change

Previous EISS Defined Benefit Selection Asset Class pre-12 May 2023	Target Strategic Asset Allocation	Cbus Defined Benefit investment option post-12 May 2023	Strategic Asset Allocation
Australian equities	13.5%	Australian shares	16.5%
International equities	21%	Global shares	22%
Infrastructure	12%	Infrastructure	13%
Property	12%	Property¹	12%
Private equity	2%	Global credit	8%
Alternatives	17%	Australian fixed interest	11%
Fixed income	14.5%	Global fixed interest	11%
Cash	8%	Cash	6.5%