Compare risk and return by selecting an investment option below

Investment warning: Investment returns can go up and down. Past performance is not a reliable indicator of future performance.

Investment performance is based on the crediting rate, which is the return minus investment fees, taxes, and until 31 January 2020, the percentage-based administration fee. Excludes fees and costs that are deducted directly from members’ accounts.

There are differences between these options and the Fully Retired investment options.

Conservative Growth (default)

Suitable for individuals who can accept some years when returns are negative but who expect that over the long term, returns will be above inflation.

Investment Objective
Deliver an after tax return of inflation plus	2.25% p.a over rolling 10 year periods
Likelihood of negative annual returns	2 to 3 in 20 years
Risk level	Medium

SAA Growth vs Defensive Allocation
Growth	52.0%
Defensive	48.0%

Note: Growth assets include Australian shares, international 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.

Asset Allocation	Range %
Australian shares	1.0 - 29.5
Global shares	2.0 - 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
Fixed interest	0.0 - 47.0
Cash	0.0 - 47.0

Historical returns % (crediting rate) to 30 June 2021
1 year	12.58%
3 years p.a.	7.05%
5 years p.a.	n/a
Since inception p.a.	7.36% (1/7/2017)

Cash Savings

Suitable for individuals who want to avoid negative returns, understanding that returns are expected to be less than other Cbus Transition To Retirement options over the long term.

Investment Objective
Deliver an after tax return equal to	RBA Cash Rate Index over rolling 10 year periods
Likelihood of negative annual returns	Negligible in 20 years
Risk level	Very low

SAA Growth vs Defensive Allocation
Growth	0.0%
Defensive	100.0%

Note: Growth assets include Australian shares, international 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. Please note the Cash savings option includes a 50% allocation with the Australia and New Zealand Banking Group Limited (ANZ).

Asset Allocation	Range %
Australian shares	-
Global shares	-
Emerging market shares	-
Private equity	-
Alternative growth	-
Infrastructure	-
Property	-
Global credit	-
Fixed interest	-
Cash	100.0

Historical returns % (crediting rate) to 30 June 2021
1 year	0.13%
3 years p.a.	0.90%
5 years p.a.	n/a
Since inception p.a.	1.08% (1/7/2017)

Conservative

Suitable for individuals who can accept lower returns on the basis that negative returns will be rare.

Investment Objective
Deliver an after tax return of inflation plus	1.00% p.a. over rolling 10 year periods
Likelihood of negative annual returns	1 to 2 in 20 years
Risk level	Low to medium

SAA Growth vs Defensive Allocation
Growth	31.0%
Defensive	69.0%

Note: Growth assets include Australian shares, international 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.

Asset Allocation	Range %
Australian shares	0.0 - 17.0
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	0.5 - 16.5
Fixed interest	0.0 - 58.5
Cash	0.0 - 59.0

Historical returns % (crediting rate) to 30 June 2021
1 year	6.78%
3 years p.a.	5.18%
5 years p.a.	n/a
Since inception p.a.	5.32% (1/7/2017)

Growth

Suitable for individuals who can accept some years when returns are negative but who expect that over the long term, returns will be above inflation.

Investment Objective
Deliver an after tax return of inflation plus	3.25% p.a. over rolling 10 year periods
Likelihood of negative annual returns	3 to 4 in 20 years
Risk level	Medium high

SAA Growth vs Defensive Allocation
Growth	72%
Defensive	28%

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

Asset Allocation	Range %
Australian shares	5.5 - 35.5
Global shares	9.0 - 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
Fixed interest	0.0 - 23.0
Cash	1.0 - 18.0

Historical returns % (crediting rate) to 30 June 2021
1 year	19.02%
3 years p.a.	8.89%
5 years p.a.	n/a
Since inception p.a.	9.42% (1/7/2017)

High Growth

Suitable for individuals seeking the highest returns over the long term and can accept more years of negative returns.

Investment Objective
Deliver an after tax return of inflation plus	3.75% p.a. over rolling 10 year periods
Likelihood of negative annual returns	5 to 6 in 20 years
Risk level	High

SAA Growth vs Defensive Allocation
Growth	92.0%
Defensive	8.0%

Note: Growth assets include Australian shares, international 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.

Asset Allocation	Range %
Australian shares	15.0 - 45.0
Global shares	20.0 - 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
Fixed interest	0.0 - 10.0
Cash	0.0 - 10.0

Historical returns % (crediting rate) to 30 June 2021
1 year	26.02%
3 years p.a.	10.79%
5 years p.a.	n/a
Since inception p.a.	11.58% (1/7/2017)

Investment performance

Transition to retirement investment option performance to 31 August 2021*

	1 month (%)	Since 30 June (%)	1 year (%)	3 years p.a (%)	5 years p.a (%)	7 years p.a (%)
Conservative Growth	1.02	1.86	12.19	7.21	n/a	n/a
Cash Savings	0.01	0.04	0.15	0.80	n/a	n/a
Conservative	0.57	1.45	6.97	5.33	n/a	n/a
Growth	1.49	2.42	18.04	9.08	n/a	n/a
High Growth	2.01	3.25	24.04	11.06	n/a	n/a

*The Transition to Retirement options commenced on 1 July 2017, so historical returns and performance information is not available. Investment performance is based on the crediting rate, which is the return minus investment fees, taxes, and until 31 January 2020, the percentage-based administration fee. Excludes fees and costs that are deducted directly from members’ accounts. Past performance is not a reliable indicator of future performance.

Cbus has declared crediting rates daily since 4 October 2018. Prior to this rates were declared weekly.

Crediting rates are the investment earnings for each investment option. Cbus calculates crediting rates and declares these on a daily basis. Crediting rates go up and down during the year, reflecting movements in investment markets.

Learn about crediting rates (PDF)