If you are a medium to long-term investor and want exposure to assets that will potentially give you higher returns, Balanced may be suitable for you. Just remember that you need to be prepared to accept that this option could experience negative returns over the short term.


CPI + 3.5% p.a.

To achieve a return of CPI + 3.5% p.a. after fees and tax, measured over rolling 10-year periods.


5 years

Suited to investors with an investment timeframe of more than five years.

Total fee1

0.83% p.a.

Total fee includes administration fees (0.16%), investment fees and indirect cost ratio.
View detailed fee breakdown

Investors should be aware that a negative annual return is expected between two and three times in every 20 years.

Medium risk

Read more about the standard risk measure.

As at 30 June 2019

Account 3 months2 1 year2 3 years p.a.2 5 years p.a.2 7 years p.a.2 10 years p.a.2
Accumulation 3.74% 9.74% 8.46% 8.75% 9.52% 9.34%


11.00% 9.46% 9.57% 10.54% 10.42%

As at 31 March 2019

Asset allocation3 Ranges4
15.6% 0 - 25%
Fixed interest5 21.5% 5 - 35%
Real estate 7.5% 0 - 20%
Equities* 32.9% 25 - 55%
Infrastructure 15.4% 0 - 20%
Commodities 1.2% 0 - 15%
Alternative assets 6.0% 0 - 25%

* Equities includes Australian Shares (6.4%), International Shares (21.1%) and Private Equity (5.4%).

As at 31 March 2019

Australian shareholdings

Top ten Australian shares by value.

# Stock
1 CSL Limited
2 Transurban Group
3 Amcor Limited
4 Ramsay Health Care Limited
5 AGL Energy
6 APA Group
7 Commonwealth Bank of Australia
8 Sydney Airport
9 Wesfarmers Limited
10 Aristocrat Leisure Limited

The Australian shares portfolio is managed by State Street Global Advisors

International shareholdings

Top ten international shares by value.

# Stock
1 Samsung Electronics
2 Taiwan Semiconductor
3 Anheuser-Busch
4 Novo Nordisk
5 Southern Company
6 America Movil
7 McCormick & Company
8 Dominion Energy Incorporated
9 Eli Lilly and Company
10 Crown Castle

The International shares portfolio is managed by State Street Global Advisors

1. This figure comprises of the investment fee and indirect cost ratio which are based on the fees and costs for the financial year ended 30 June 2019 and the administration fee. The total fees and any other applicable fees are deducted daily from the unit price before the unit price is declared and may differ from future fees and costs.
2. Past performance is not a reliable indicator of future performance. For periods of one year or less, the return is net of fees and tax. For periods greater than one year, the return is a compound annualised return, net of fees and tax.
3. These figures have been rounded for member reporting.
4. QSuper has the flexibility to invest within these predetermined ranges.
5. In the Lifetime option and Diversified options these assets provide diversification, a hedge against inflation and target yield enhancement. This asset class is also referred to as bonds.
6. Balanced is the default option for the Income account.