This option is for medium to long-term investors who want exposure to growth assets with the potential for higher returns. If you go for this option, you should be prepared to accept fluctuations in the value of your investment in the short term6.


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.

Investment fee1

0.55% p.a.

Investment base 0.40% p.a. and an investment performance 0.15% p.a. Total investment fee 0.55% p.a. More details on fees

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.

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 2.98% 9.32% 9.23% 9.78% 8.34% 5.88%
Income 3.33% 10.38% 9.99% 10.77% 9.28% 6.63%
Asset allocation3 Ranges4
11.5% 0 - 25%
Fixed interest5 23.5% 5 - 35%
Real estate 7.9% 0 - 20%
Equities* 36.9% 25 - 55%
Infrastructure 12.6% 0 - 20%
Commodities 1.6% 0 - 15%
Alternative assets 6.0% 0 - 25%

* Equities includes Australian Shares (9.3%), International Shares (23.9%) and Private Equity (3.8%).

Australian shareholdings

Top ten Australian shares by value.

# Stock
1 Commonwealth Bank of Australia
2 Westpac Banking Corporation
3 ANZ Banking Group Limited
4 National Australia Bank Limited
5 BHP Billiton Limited
6 CSL Limited
7 Telstra Corporation Limited
8 Wesfarmers Limited
9 Woolworths Limited
10 Woodside Petroleum Limited

The Australian shares portfolio is managed by the following investment managers:

International shareholdings

Top ten international shares by value.

# Stock
1 Samsung Electronics
2 Taiwan Semiconductor MFG
3 Anheuser-Busch Inbev
4 Novo Nordisk
5 Apple
6 Housing Development Finance Corporation
7 America Movil
8 Total
9 Sanofi
10 Hon Hai Precision Industry Corporation

The International shares portfolio is managed by the following investment managers:

1. This is the estimated investment fee for the 2016/2017 financial year as at 1 July 2016, and this may differ from the future fee. Both the investment fee and an administration fee of 0.20% are deducted daily from the unit price before the unit price is declared. You may be charged additional fees for insurance and other services, but you’ll find all the information in the Product Disclosure Statement for the Accumulation Account and Income Account.
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 Ready Made 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.