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The Australian Shares investment option is focused on delivering the best net return in a single sector from investing in a portfolio of all growth assets (typically companies listed predominantly on the Australian Securities Exchange) and has low diversification.

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At a glance (Accumulation)

Investment timeframe
5 years +
Risk level
Asset mix
100% growth / 0% defensive
Total investment fees and costs*
0.62% p.a.
Return target
CPI + 4.0% p.a. over 20 years
Net return^

* Investment costs are based on estimated and actual information from the previous financial year. The costs payable in future years may be higher or lower. Administration and other fees apply. For a full breakdown of fees and costs, see our fees and costs page or Section 6 of the Member Guide. 
^ Investment return over 10 years to 30 April 2024, net of investment fees and costs. Administration and other costs apply. Returns won’t display for options younger than 10 years. See the investment returns page for returns over all available periods.

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Who is Australian Shares suitable for?  

With all growth assets, this single sector investment option is designed for members with a medium to long-term investment timeframe, who are seeking strong long-term returns and have a high tolerance of negative returns.

Read our Member Guide for more information about these terms.

Our target 

asset mix 

Australian Shares
Asset class  
Target  Range  
Australian shares100%80-100%
International shares – developed markets0%0%-10%

Investment managers may invest a proportion of this option’s assets in cash for management purposes from time to time. 

Head to Member Online to choose the investment option that’s right for you. 



This table shows the 12-month net return for our Australian Shares option at 30 June each year. The net return is the money the investment has earned, minus investment costs and taxes.1  

Return 5.65%  -4.47%  28.74%  -3.64%  

This table shows the average net return for our Australian Shares option over 3, 5 and 10 years to 30 June 2023.1 

Year3 years5 years10 years
Average return (p.a.) 12.30%7.40%9.73%

1. Administration and other fees apply. For a full breakdown of fees and costs, see our fees and costs page or Section 6 of the Member Guide. Past performance is not a reliable indicator of future performance and should never be the sole factor considered when selecting a superannuation fund.

Ready to join? Online applications only take five minutes. 

Or call us on 1300 467 875 
8am – 8pm (AEST/AEDT), Monday to Friday.