For embracing life after work
For the Fully Retired account, we offer a range of investment options to suit your goals, how long you’ll be invested for and how much risk you’re comfortable with. You can leave the investment decisions to our experts or take a more active role in choosing how your super is invested.
Take a look at your options
If you don't choose an investment option when you open a Fully Retired account, your super will be invested in the Conservative Growth option.
Before making any decisions, make sure you read the Fully Retired account Product Disclosure Statement (PDF).
It may suit members seeking long term returns above inflation and who can accept occasional negative years. This option is in our Pre-mixed category.
| Investment return objective | |
|---|---|
| Deliver an after-tax and fee return of inflation plus | 2.75% p.a. over rolling 10 year periods |
| Likelihood of negative annual returns | 2 to 3 in every 20 years |
| Risk level | Medium |
Strategic Asset Allocation (SAA)
| SAA Growth vs Defensive Allocation | |
|---|---|
| Growth | 51.75 |
| Defensive | 48.25 |
This strategic asset allocation information is current. Actual asset allocations may vary at any point in time due to market movements, cash flows and other activities, and are regularly monitored by the investment team and rebalanced back towards target, or in line with our views on opportunities and risks.
Note: Growth assets include Australian shares, global shares, emerging market shares, private equity, growth opportunities, alternative defensive and 50% of infrastructure, property and global credit. Defensive assets include cash, fixed interest and 50% of property, infrastructure and global credit.
| Asset Allocation | Range % |
|---|---|
| Australian shares | 1.0 - 31.0 |
| Global shares |
0.5 - 32.0
|
| Emerging market shares | 0.0 - 14.0 |
| Private equity | 0.0 - 10.0 |
| Alternative growth | 0.0 - 12.5 |
| Infrastructure | 0.0 - 25.0 |
| Property | 0.0 - 25.0 |
| Global credit | 0.0 - 18.0 |
| Australian fixed interest | 0.0 - 48.0 |
| Global fixed interest | 0.0 - 48.0 |
| Enhanced income | 0.0 - 47.0 |
| Cash | 0.0 - 47.0 |
Financial year returns % (crediting rate)
| Historical returns % (crediting rate) to 30 June 2026 | |
|---|---|
| 1 year | 7.56% |
| 5 years p.a. | 5.39% |
| 10 years p.a. | 7.01% |
| Since inception p.a. | 7.22% |
It may suit members seeking the highest long-term return from our diversified options and who can accept more negative years. This option is in our Pre-mixed category.
| Investment return objective | |
|---|---|
| Deliver an after-tax and fee return of inflation plus | 3.75% p.a. over rolling 10 year periods |
| Likelihood of negative annual returns | 5 to 6 in every 20 years |
| Risk level | High |
Strategic Asset Allocation (SAA)
| SAA Growth vs Defensive Allocation | |
|---|---|
| Growth | 90 |
| Defensive | 10 |
This strategic asset allocation information is current. Actual asset allocations may vary at any point in time due to market movements, cash flows and other activities, and are regularly monitored by the investment team and rebalanced back towards target, or in line with our views on opportunities and risks.
Note: Growth assets include Australian shares, global shares, emerging market shares, private equity, growth opportunities, alternative defensive and 50% of infrastructure, property and global credit. Defensive assets include cash, fixed interest and 50% of property, infrastructure and global credit.
| Asset Allocation | Range % |
|---|---|
| Australian shares | 15.0 - 48.5 |
| Global shares | 17.0 - 50.0 |
| Emerging market shares | 0.0 - 19.0 |
| Private equity | 0.0 - 13.0 |
| Australian shares | 15.0 - 48.5 |
| Global shares | 17.0 - 50.0 |
| Emerging market shares | 0.0 - 19.0 |
| Private equity | 0.0 - 13.0 |
| Alternative growth | 0.0 - 17.0 |
| Infrastructure | 0.0 - 23.0 |
| Property | 0.0 - 23.0 |
| Global credit | 0.0 - 10.0 |
| Australian fixed interest | 0.0 - 10.0 |
| Global fixed interest | 0.0 - 10.0 |
| Cash | 0.0 - 10.0 |
Financial year returns % (crediting rate)
| Historical returns % (crediting rate) to 30 June 2026 | |
|---|---|
| 1 year | 10.80% |
| 5 years p.a. | 8.42% |
| 10 years p.a. | 10.88% |
| Since inception p.a. | 11.02% |
It may suit members seeking strong long-term returns and who can accept some negative years. This option is in our Pre-mixed category.
| Investment return objective | |
|---|---|
| Deliver an after-tax and fee return of inflation plus | 3.65% p.a. over rolling 10 year periods |
| Likelihood of negative annual returns | 4 to 5 in every 20 years |
| Risk level | High |
Strategic Asset Allocation (SAA)
| SAA Growth vs Defensive Allocation | |
|---|---|
| Growth | 82.25 |
| Defensive | 17.75 |
This strategic asset allocation information is current. Actual asset allocations may vary at any point in time due to market movements, cash flows and other activities, and are regularly monitored by the investment team and rebalanced back towards target, or in line with our views on opportunities and risks.
Note: Growth assets include Australian shares, global shares, emerging market shares, private equity, growth opportunities, alternative defensive and 50% of infrastructure, property and global credit. Defensive assets include cash, fixed interest and 50% of property, infrastructure and global credit.
| Asset Allocation | Range % |
|---|---|
| Australian shares | 10.0 - 45.0 |
| Global shares | 10.0 - 45.0 |
| Emerging market shares | 0.0 - 19.0 |
| Private equity | 0.0 - 13.0 |
| Alternative growth | 0.0 - 13.0 |
| Infrastructure | 0.0 - 28.0 |
| Property | 0.0 - 28.0 |
| Global credit | 0.0 - 17.0 |
| Australian fixed interest | 0.0 - 15.0 |
| Global fixed interest | 0.0 - 15.0 |
| Cash | 0.0 - 15.0 |
Financial year returns % (crediting rate)
| Historical returns % (crediting rate) to 30 June 2026 | |
|---|---|
| 1 year | 10.42% |
| 5 years p.a. | n/a |
| 10 years p.a. | n/a |
| Since inception p.a. | 8.41% |
It may suit members seeking returns well above inflation over the long term and who can accept some negative years. This option is in our Pre-mixed category.
| Investment return objective | |
|---|---|
| Deliver an after-tax and fee return of inflation plus | 3.50% p.a. over rolling 10 year periods |
| Likelihood of negative annual returns | 3 to 4 in every 20 years |
| Risk level | Medium to High |
Strategic Asset Allocation (SAA)
| SAA Growth vs Defensive Allocation | |
|---|---|
| Growth | 73.50 |
| Defensive | 26.50 |
This strategic asset allocation information is current. Actual asset allocations may vary at any point in time due to market movements, cash flows and other activities, and are regularly monitored by the investment team and rebalanced back towards target, or in line with our views on opportunities and risks.
Note: Growth assets include Australian shares, global shares, emerging market shares, private equity, growth opportunities, alternative defensive and 50% of infrastructure, property and global credit. Defensive assets include cash, fixed interest and 50% of property, infrastructure and global credit.
| Asset Allocation | Range % |
|---|---|
| Australian shares | 5.0 - 38.0 |
| Global shares | 7.0 - 39.0 |
| Emerging market shares | 0.0 - 16.5 |
| Private equity | 0.0 - 12.0 |
| Alternative growth | 0.0 - 13.0 |
| Infrastructure | 0.0 - 28.0 |
| Property | 0.0 - 28.0 |
| Global credit | 0.0 - 17.0 |
| Australian fixed interest | 0.0 - 23.0 |
| Global fixed interest | 0.0 - 23.0 |
| Cash | 1.0 - 18.0 |
Financial year returns % (crediting rate)
| Historical returns % (crediting rate) to 30 June 2026 | |
|---|---|
| 1 year | 9.56% |
| 5 years p.a. | 7.07% |
| 10 years p.a. | 8.97% |
| Since inception p.a. | 9.51% |
It may suit members looking for a mix of assets* that aim to track index returns, with a focus on keeping costs low. This option is in our Pre-mixed category.
*Shares include Australian and developed market global shares. Fixed interest includes Australian and global government bonds and corporate credit.
| Investment return objective | |
|---|---|
| Deliver an after-tax and fee return of inflation plus | 2.50% p.a. over rolling 10 year periods |
| Likelihood of negative annual returns | 5 to 6 in every 20 years |
| Risk level | High |
* For this investment option shares comprise Australian and developed market global shares, and fixed interest comprises Australian and global government bonds and corporate credit.
Strategic Asset Allocation (SAA)
| SAA Growth vs Defensive Allocation | |
|---|---|
| Growth | 75 |
| Defensive | 25 |
This strategic asset allocation information is current. Actual asset allocations may vary at any point in time due to market movements, cash flows and other activities, and are regularly monitored by the investment team and rebalanced back towards target, or in line with our views on opportunities and risks.
Note: Growth assets include Australian shares, global shares, emerging market shares, private equity, growth opportunities, alternative defensive and 50% of infrastructure, property and global credit. Defensive assets include cash, fixed interest and 50% of property, infrastructure and global credit.
| Asset Allocation | Range % |
|---|---|
| Australian shares | 15.0 - 55.0 |
| Global shares | 20.0 - 60.0 |
| Emerging market shares | 0.0 - 10.0 |
| Australian fixed interest | 0.0 - 40.0 |
| Global fixed interest | 0.0 - 40.0 |
| Cash | 1.0 - 40.0 |
Financial year returns % (crediting rate)
| Historical returns % (crediting rate) to 30 June 2026 | |
|---|---|
| 1 year | 10.55% |
| 5 years p.a. | n/a |
| 10 years p.a. | n/a |
| Since inception p.a. | 8.93% |
It may suit members seeking more limited negative years, while accepting lower long term returns. This option is in our Pre-mixed category.
| Investment return objective | |
|---|---|
| Deliver an after-tax and fee return of inflation plus | 1.50% p.a. over rolling 10 year periods |
| Likelihood of negative annual returns | 1 to 2 in every 20 years |
| Risk level | Low to Medium |
Strategic Asset Allocation (SAA)
| SAA Growth vs Defensive Allocation | |
|---|---|
| Growth | 30.75 |
| Defensive | 69.25 |
This strategic asset allocation information is current. Actual asset allocations may vary at any point in time due to market movements, cash flows and other activities, and are regularly monitored by the investment team and rebalanced back towards target, or in line with our views on opportunities and risks.
Note: Growth assets include Australian shares, global shares, emerging market shares, private equity, growth opportunities, alternative defensive and 50% of infrastructure, property and global credit. Defensive assets include cash, fixed interest and 50% of property, infrastructure and global credit.
| Asset Allocation | Range % |
|---|---|
| Australian shares | 0.0 - 18.0 |
| Global shares | 0.0 - 18.5 |
| Emerging market shares | 0.0 - 9.5 |
| Private equity | 0.0 - 7.5 |
| Alternative growth | 0.0 - 9.5 |
| Infrastructure | 0.0 - 17.0 |
| Property | 0.0 - 17.0 |
| Global credit | 0.0 - 21.5 |
| Australian fixed interest | 0.0 - 60.0 |
| Global fixed interest | 0.0 - 60.0 |
| Enhanced income | 0.0 - 59.0 |
| Cash | 0.0 - 59.0 |
Financial year returns % (crediting rate)
| Historical returns % (crediting rate) to 30 June 2026 | |
|---|---|
| 1 year | 5.47% |
| 5 years p.a. | 3.72% |
| 10 years p.a. | 4.86% |
| Since inception p.a. | 5.97% |
It may suit members looking to invest in property assets. It invests in unlisted property and listed Global Real Estate Investment Trusts (GREITs). This investment option is in our DIY category.
| Investment return objective | |
|---|---|
| Deliver an after-tax and fee return of inflation plus | 2.75% p.a. after fees and tax, over rolling 10 year periods |
| Likelihood of negative annual returns | 4 to 5 in every 20 years |
| Risk level | High |
Strategic Asset Allocation (SAA)
| SAA Growth vs Defensive Allocation | |
|---|---|
| Growth | 71.25 |
| Defensive | 28.75 |
This strategic asset allocation information is current. Actual asset allocations may vary at any point in time due to market movements, cash flows and other activities, and are regularly monitored by the investment team and rebalanced back towards target, or in line with our views on opportunities and risks.
Note: Growth assets include Australian shares, global shares, emerging market shares, private equity, growth opportunities, alternative defensive and 50% of infrastructure, property and global credit. Defensive assets include cash, fixed interest and 50% of property, infrastructure and global credit.
| Asset Allocation | Range % |
|---|---|
| Unlisted Property | 0.0 - 85.0 |
| Global Listed Real Estate Investment Trusts | 15.0 - 100 |
| Cash | 2.0 - 30.0 |
Financial year returns % (crediting rate)
| Historical returns % (crediting rate) to 30 June 2026 | |
|---|---|
| 1 year | 12.98% |
| 5 years p.a. | n/a |
| 10 years p.a. | n/a |
| Since inception p.a. | 2.27% |
It may suit members looking to invest in Australian and global fixed interest and global credit. This investment option is in our DIY category.
| Investment return objective | |
|---|---|
| Deliver an after-tax and fee return of inflation plus | 0.50% p.a. after fees and tax, over rolling 10 year periods |
| Likelihood of negative annual returns | 1 to 2 in every 20 years |
| Risk level | Low to Medium |
Strategic Asset Allocation (SAA)
| SAA Growth vs Defensive Allocation | |
|---|---|
| Growth | 25 |
| Defensive | 75 |
This strategic asset allocation information is current. Actual asset allocations may vary at any point in time due to market movements, cash flows and other activities, and are regularly monitored by the investment team and rebalanced back towards target, or in line with our views on opportunities and risks.
Note: Growth assets include Australian shares, global shares, emerging market shares, private equity, growth opportunities, alternative defensive and 50% of infrastructure, property and global credit. Defensive assets include cash, fixed interest and 50% of property, infrastructure and global credit.
| Asset Allocation | Range % |
|---|---|
| Global credit | 20.0 - 80.0 |
| Australian fixed interest | 0.0 - 50.0 |
| Global fixed interest | 0.0 - 50.0 |
Financial year returns % (crediting rate)
| Historical returns % (crediting rate) to 30 June 2026 | |
|---|---|
| 1 year | 4.15% |
| 5 years p.a. | n/a |
| 10 years p.a. | n/a |
| Since inception p.a. | 2.75% |
It may suit members seeking to minimise negative returns but accept that long term returns are expected to be lower than our other investment options. This option is in our DIY category.
| Investment return objective | |
|---|---|
| Deliver a return which meets the | RBA Cash Rate after fees and taxes over rolling 10 year periods |
| Likelihood of negative annual investment returns | Negligible in 20 years |
| Risk level | Very Low |
Strategic Asset Allocation (SAA)
| SAA Growth vs Defensive Allocation | |
|---|---|
| Growth | 0 |
| Defensive | 100 |
This strategic asset allocation information is current. Actual asset allocations may vary at any point in time due to market movements, cash flows and other activities, and are regularly monitored by the investment team and rebalanced back towards target, or in line with our views on opportunities and risks.
Note: The Cash investment option includes a 50% allocation with the Australia and New Zealand Banking Group Limited (ANZ). The balance of the investment option includes allocations to the four major Australian banks as well as other highly-liquid deposits and short-term investments issued by highly-rated banks.
| Asset Allocation | Range % |
|---|---|
| Cash | 100.0 |
Financial year returns % (crediting rate)
| Historical returns % (crediting rate) to 30 June 2026 | |
|---|---|
| 1 year | 4.28% |
| 5 years p.a. | 3.44% |
| 10 years p.a. | 2.41% |
| Since inception p.a. | 2.84% |
Suitable for eligible members who are comfortable taking an active role in managing their super savings.^^
| Investment objective | |
|---|---|
| Deliver an after tax return of inflation plus | Varies by member based on investment selection |
| Likelihood of negative annual returns | Varies by member based on investment selection |
| Risk level | Varies by member based on investment selection |
Investments available
- a range of Australian shares
- Exchange traded funds (ETFs)
- Term deposits
- Managed investments including property and infrastructure.
Refer to CBUS Self Managed for further information.
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Fully Retired account
A Fully Retired Super Income Stream account is for people who have stopped working since turning 60, or anyone aged 65 or over.
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