We're committed to delivering quality products and services to members. As part of this commitment, we regularly review our investment strategy and product offering. 

Following a recent review, we’re expanding our line-up of pre-mixed options and further streamlining our single sector options. 

We considered a range of factors, including:  

• the increasing complexity and cost of running the Property and Infrastructure options as standalone options,  
• how best to manage the asset mix and cash flows of Hostplus’ overall investments, and  
• ensuring we continue to meet best-practice investment governance standards. 

We believe withdrawing these options, while expanding our line-up of pre-mixed options, is in the best financial interests of our members. 

You can still invest in these assets through some of our pre-mixed options. Several pre-mixed options contain various levels of exposure to unlisted property and infrastructure. Review the details of those options here or in our Product Disclosure Statement (PDS) to see if they’re suitable for you. 

You can also invest in listed property and infrastructure through Choiceplus, our direct investment option. Choiceplus offers a range of listed property and infrastructure assets available via the Australian Stock Exchange (ASX) or Exchange Traded Funds (ETFs).  

Please note that Choiceplus is not available as part of our Transition to Retirement product. 

These investment styles aim to give members a choice of investments to suit their individual objectives and cost preferences. 

Core options (includes Balanced, Shares Plus, Conservative Balanced, Capital Stable and, from 1 October, High Growth and Defensive) 

Core options aim to deliver the best long-term net return outcomes for a given level of risk by leveraging Hostplus’ investment expertise, scale and strategy. They’re mostly actively managed. They’re also generally highly diversified across many investment sectors and/or asset classes. 

Indexed options (includes Indexed Balanced and, from 1 October, Indexed High Growth and Indexed Defensive)  

Indexed options aim to deliver low-cost investments by utilising passive management. These options provide diversified investments that generally seek to track established market indices. They're generally diversified across a few investment sectors and/or asset classes. 

Socially responsible options (includes SRI - Balanced and, from 1 October, SRI - High Growth and SRI - Defensive) 

Socially responsible options aim to deliver strong long-term net returns while reducing exposure to particular industries. They target investments in companies and assets that contribute to achieving the United Nations' Sustainable Development Goals. These options are generally diversified across a few investment sectors and/or asset classes. 

We’re committed to delivering products and services that meet our members’ best financial interests. We know that not all members are the same. So, after recently reviewing our investment strategy, we wanted to offer members a broader range of investment options to suit their individual investment objectives and risk appetites.

Choiceplus is an option for people who want to take a more active role in their super or pension investments. You can use it to invest directly in shares, term deposits, Exchange Traded Funds (ETFs) and Listed Investment Companies (LICs). These investments aren’t available through other Hostplus investment options. 

We periodically review our products and suppliers, to see if we can better leverage our position as a large super fund. We believe this is in the best financial interest of our members. 

Following a recent review, we renegotiated better fees and costs with our suppliers. We’re passing these savings on to our members by reducing Choiceplus fees and costs. 

Hostplus is required to set and routinely review the design, distribution and use of our financial products. Additionally, the superannuation industry regulator (APRA) requires all superannuation funds to review and as appropriate increase, extend and strengthen their investment governance frameworks and practices. This includes valuation practices and liquidity management, to ensure member equity considerations are well managed and protected.  

In response, we’ve recently updated our investment governance policies and processes. One particular area where we have enhanced our controls is around investment switching. This includes enhanced monitoring of members’ investment switches to identify any switching activity that is unreasonable, and which may be detrimental to other members’ interests.  

Unreasonable switching means any switching activity used by members to gain an unfair advantage on investment returns. This could mean activities such as switching in and out of investment options during valuation cycles.  

If we identify switching activity we consider to be unreasonable, we may:  

• provide education and guidance to any members engaging in the activity 
• issue more formal cautions to discourage the activity, or  
• restrict or remove a member’s ability to switch investment options. 

If we need to put any of these or other controls in place, we’ll let you know.  

Each Hostplus investment option has its own target asset mix and allocation. You can view those here or in our Product Disclosure Statement (PDS). 

When markets move up and down, and when members move their money in and out of our investment options, the asset allocation can drift away from our target. We then need to adjust the option’s underlying investments to match the target asset mix again. This is called rebalancing.  

The Balanced option, being our largest investment option, has played a central role in rebalancing other Hostplus investment options.  

From 1 July 2023, rebalancing will be proportionately applied across all pre-mixed investment options, rather than just the Balanced option.  

This new process aligns with best practice investment governance.