Strategic Asset Allocation changes

At Media Super, 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 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 FY2023/24 annual review, we have made the following changes effective 28 June 2024:

Asset class changes

• Renaming the ‘Alternative Growth’ asset class to the ‘Alternatives’ asset class.

Seeks to achieve returns from a range of growth and defensive investments, with an emphasis on strategies that provide diversification benefits. Investments often have a low sensitivity to equity markets and interest rate risks. The asset class may include opportunities across a range of different markets and securities, such as shares, fixed interest and credit, venture capital, currency and real assets. Derivative-based strategies may also be used to generate additional returns.

These changes apply across all investment options.

Strategic Asset Allocation changes

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

The Growth (MySuper) investment option:

• Increase in the allocation to the ‘Australian shares’ asset class from 23.0% to 23.5%
• Increase in the allocation to the ‘Global shares’ asset class from 26.5% to 27.5%
  
• Increase in the allocation to the ‘Infrastructure’ asset class from 13.0% to 13.5%
• Reduction in the allocation to the ‘Property’ asset class from 11.0% to 10.0%
• Reduction in the allocation to the ‘Australian fixed interest’ asset class from 4.0% to 3.5%
• Reduction in the allocation to the ‘Global fixed interest’ asset class from 4.0% to 3.5%

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

The High Growth investment option:

• Increase in the allocation to the ‘Infrastructure’ asset class from 8.0% to 9.0%
• Reduction in the allocation to the ‘Property’ asset class from 8.0% to 7.0%

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

The Growth Plus investment option:

• Increase in the allocation to the ‘Global shares’ asset class from 31.5% to 32.0%
• Increase in the allocation to the ‘Infrastructure’ asset class from 10.5% to 11.0%
• Reduction in the allocation to the ‘Property’ asset class from 10.0% to 9.0%

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

The Conservative Growth investment option:

• Increase in the allocation to the ‘Global shares’ asset class from 18.0% to 18.5%
• Increase in the allocation to the ‘Infrastructure’ asset class from 10.0% to 10.5%
• Increase in the allocation to the ‘Enhanced income’ asset class from 7.5% to 8.5%
• Reduction in the allocation to the ‘Property’ asset class from 9.0% to 8.0%
• Reduction in the allocation to the ‘Australian fixed interest’ asset class from 8.5% to 8.0%
• Reduction in the allocation to the ‘Global fixed interest’ asset class from 8.5% to 8.0%

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

The Conservative investment option:

• Increase in the allocation to the ‘Global shares’ asset class from 8.5% to 9.0%
• Increase in the allocation to the ‘Australian fixed interest’ asset class from 11.75% to 12.0%
• Increase in the allocation to the ‘Global fixed interest’ asset class from 11.75% to 12.0%
• Reduction in the allocation to the ‘Property’ asset class from 6.5% to 5.5%

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

More information

If you have any questions about your account or your investments, please call our Advice Services team on 1300 361 784 and we will assist you at no additional cost.

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 offering Media Super Products (Media Super)

This information is about Media 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 Media Super is right for you. Contact us or visit mediasuper.com.au.