1 October 2025 Investment Changes

We made changes to the profiles of some investment options on 1 October 2025. Click on the investment options below to see what changes were made to each option. For the full details of each investment option, please view the Investment Menu in the Product Disclosure Statement.

  • Strategic Asset Allocation (SAA) and growth/defensive split changes

    We made changes to the SAA and Growth/Defensive split on 1 October 2025. All changes are bolded with the previous values in brackets.

    Asset Classes MySuper Growth (%) MySuper Conservative Balanced (%)
    Australian Shares 25 (26) 17
    Global Shares 31 (29) 21.5 (19)
    Private Equity 5 4
    Property 6.5 (8) 4.5 (6)
    Infrastructure 7.5 (7) 5
    Alternatives 0 (2) 0 (1)
    Fixed income – credit 13 (12) 11.5 (11)
    Fixed income – diversified 7 (6) 24
    Cash 5 12.5 (13)
     
    Growth 75 (79) 54 (55)
    Defensive 25 (21) 46 (45)

    Impact of the MySuper Growth and MySuper Conservative Balanced SAA changes on the MySuper age-based SAAs

    MLC MySuper provides a mix of growth and defensive assets that change depending on your age. This is done by combining the MySuper Growth, MySuper Conservative Balanced and MySuper Cash portfolios. As a result of SAA changes in the underlying portfolios, there have been some minor changes to the SAAs and Defensive/Growth splits at the MLC MySuper age level.

    The table below summarises the changes. All changes are bolded with the previous values in brackets.

    Asset Classes Under 55 At age 55 At age 56 At age 57 At age 58 At age 59 At age 60 At age 61 At age 62 At age 63 At age 64 At age 65 and over
    Australian Shares 25 (26) 24.5 (26) 24.5 (26) 24.5 (25) 24 (25) 24 (25) 23.5 (24) 23.5 (24) 23.5 (24) 22.5 (23) 21.5 (23) 21 (22)
    Global Shares 31 (29) 30.5 (29) 30.5 (28) 30 (28) 30 (28) 30 (27) 29.5 (27) 29 (27) 29 (27) 28.5 (26) 27.5 (25) 26 (24)
    Private Equity 5 5 5 5 5 5 5 5 5 4.5 (5) 4.5 (4) 4.5 (4)
    Property 6.5 (8) 6.5 (8) 6.5 (8) 6.5 (8) 6 (8) 6 (8) 6 (8) 6 (8) 6 (7) 7 6.5 (7) 6.5 (7)
    Infrastructure 7.5 (7) 7.5 (7) 7.5 (7) 7.5 (7) 7 7 7 7 7 (6) 6 6 5.5 (6)
    Alternatives 0 (2) 0 (2) 0 (2) 0 (2) 0 (2) 0 (2) 0 (2) 0 (2) 0 (2) 0 (2) 0 (2) 0 (2)
    Fixed income – credit 13 (12) 13 (12) 13 (12) 13 (12) 13 (12) 13 (12) 13 (12) 12.5 (12) 12.5 (12) 12.5 (12) 12 (11) 11.5 (11)
    Fixed income – diversified 7 (6) 7.5 (6) 7.5 (7) 8 (7) 9 (7) 9 (8) 10 (9) 10.5 (9) 10.5 (10) 10.5 (10) 10.5 (10) 10.5 (10)
    Cash 5 5.5 (5) 5.5 (5) 5 (6) 6 6 6 6.5 (6) 6.5 (7) 8.5 (9) 11.5 (12) 14.5 (14)
     
    Growth assets 75 (79) 75 (79) 74 (78) 74 (77) 73 (77) 72 (76) 72 (75) 71 (74) 70 (74) 69 (72) 66 (70) 64 (67)
    Defensive assets 25 (21) 25 (21) 26 (22) 26 (23) 27 (23) 28 (24) 28 (25) 29 (26) 30 (26) 31 (28) 34 (30) 36 (33)

  • Strategic Asset Allocation (SAA) and growth/defensive split changes

    We made changes to the SAA and Growth/Defensive split on 1 October 2025. All changes are bolded with the previous values in brackets.

    Asset Classes %
    Australian Shares 10
    Global Shares 17 (12)
    Private Equity 1
    Property 4
    Infrastructure 5
    Alternatives 1
    Fixed income – credit 13 (12)
    Fixed income – diversified 29 (33)
    Cash 20 (22)
     
    Growth 40 (37)
    Defensive 60 (63)

    Change to Standard Risk Measure (SRM)

    SRM is based on industry guidance and is an estimate of the number of negative annual returns an investment option may experience over any 20-year period. The SRM is used to help members compare investment risk across investment options. The table below outlines the change we made on 1 October 2025.

    Before 1/10/2025 Effective 1/10/2025

    Low to Medium (3)

    Estimate of 1 to 2 negative annual returns in any 20 year period

    Medium (4)

    Estimate of 2 to 3 negative annual returns in any 20 year period

  • Strategic Asset Allocation (SAA) and growth/defensive split changes

    We made changes to the SAA and Growth/Defensive split on 1 October 2025. All changes are bolded with the previous values in brackets.

    Asset Classes %
    Australian Shares 17
    Global Shares 25 (20)
    Private Equity 4
    Property 5
    Infrastructure 6
    Alternatives 1
    Fixed income – credit 12 (11)
    Fixed income – diversified 18 (22)
    Cash 12 (14)
     
    Growth 59 (56)
    Defensive 41 (44)

  • Strategic Asset Allocation (SAA) and growth/defensive split changes

    We made changes to the SAA and Growth/Defensive split on 1 October 2025. All changes are bolded with the previous values in brackets.

    Asset Classes %
    Australian Shares 25
    Global Shares 32 (29)
    Private Equity 5
    Property 6
    Infrastructure 6
    Alternatives 1
    Fixed income – credit 12 (11)
    Fixed income – diversified 7 (8)
    Cash 6 (9)
     
    Growth 75 (74)
    Defensive 25 (26)

  • Strategic Asset Allocation (SAA) and growth/defensive split changes

    We made changes to the SAA and Growth/Defensive split on 1 October 2025. All changes are bolded with the previous values in brackets.

    Asset Classes %
    Australian Shares 32
    Global Shares 36 (35)
    Private Equity 5
    Property 6
    Infrastructure 5
    Alternatives 1
    Fixed income – credit 9 (10)
    Fixed income – diversified 3
    Cash 3
     
    Growth 84 (86)
    Defensive 16 (13)

  • Strategic Asset Allocation (SAA) and growth/defensive split changes

    We made changes to the SAA and Growth/Defensive split on 1 October 2025. All changes are bolded with the previous values in brackets.

    Asset Classes %
    Australian Shares 36 (40)
    Global Shares 42 (43)
    Private Equity 6
    Property 5
    Infrastructure 4 (3)
    Alternatives 1
    Fixed income – credit 4 (0)
    Fixed income – diversified 0
    Cash 2
     
    Growth 92 (96)
    Defensive 8 (4)

  • Growth/defensive split changes

    We made changes to the Growth/Defensive split on 1 October 2025. All changes are bolded with the previous values in brackets.

    Asset Classes %
    Australian Shares 50
    Global Shares 67
    Private Equity 7
    Property 3
    Infrastructure 3
    Alternatives 0
    Fixed income – credit 0
    Fixed income – diversified 0
    Cash 0
    Gearing (30)
     
    Growth 130 (129)
    Defensive 0 (2)

    Change to Standard Risk Measure (SRM)

    SRM is based on industry guidance and is an estimate of the number of negative annual returns an investment option may experience over any 20-year period. The SRM is used to help members compare investment risk across investment options. The change at 1 October 2025 was as follows:

    Before 1/10/2025 Effective 1/10/2025

    High (6)

    Estimate of 4 to 6 negative annual returns in any 20 year period

    Very High (7)

    Estimate of 6 or more negative annual returns in any 20 year period

    Change to the minimum suggested time to invest

    The minimum suggested time to invest has changed. The table below outlines the changes we made on 1 October 2025.

    Before 1/10/2025 Effective 1/10/2025
    6 years 7 years

  • Strategic Asset Allocation (SAA) and growth/defensive split changes

    We made changes to the SAA and Growth/Defensive split on 1 October 2025. All changes are bolded with the previous values in brackets.

    Asset Classes %
    Australian Shares 20
    Global Shares 25
    Private Equity 0
    Property 3
    Infrastructure 3
    Alternatives 2
    Fixed income – credit 3 (0)
    Fixed income – diversified 31 (33)
    Cash 13 (14)
     
    Growth 54 (51)
    Defensive 46 (49)

  • Strategic Asset Allocation (SAA) and growth/defensive split changes

    We made changes to the SAA and Growth/Defensive split on 1 October 2025. All changes are bolded with the previous values in brackets.

    Asset Classes %
    Australian Shares 27
    Global Shares 38
    Private Equity 0
    Property 4
    Infrastructure 3
    Alternatives 2
    Fixed income – credit 3 (0)
    Fixed income – diversified 14 (17)
    Cash 9
     
    Growth 75 (72)
    Defensive 25 (28)

  • Strategic Asset Allocation (SAA) and growth/defensive split changes

    We made changes to the SAA and Growth/Defensive split on 1 October 2025. All changes are bolded with the previous values in brackets.

    Asset Classes %
    Australian Shares 34
    Global Shares 45
    Private Equity 0
    Property 4
    Infrastructure 3
    Alternatives 2
    Fixed income – credit 2 (0)
    Fixed income – diversified 7 (9)
    Cash 3
     
    Growth 88 (86)
    Defensive 12 (14)

  • Strategic Asset Allocation (SAA) and growth/defensive split changes

    We made changes to the SAA and Growth/Defensive split on 1 October 2025. All changes are bolded with the previous values in brackets.

    Asset Classes %
    Australian Shares 30
    Global Shares 48 (53)
    Private Equity 0
    Property 0
    Infrastructure 7 (0)
    Alternatives 0
    Fixed income – credit 7 (4)
    Fixed income – diversified 5 (9)
    Cash 3 (4)
     
    Growth 85
    Defensive 15

  • Investment objective change

    We made a change to the investment objective on 1 October 2025 as shown in the table below.

    Before 1/10/2025 Effective 1/10/2025
    Aims to provide a growing income stream (excluding capital gains) over 7 year periods Aims to provide a growing income stream (excluding capital gains) over rolling 7 year periods

^ This option is not available in pension products.

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NULIS Nominees (Australia) Limited ABN 80 008 515 633 AFSL 236465 is part of the Insignia Financial Group of Companies, comprising Insignia Financial Ltd ABN 49 100 103 722 and its related bodies corporate (Insignia Financial Group).

Fund: MLC Super Fund ABN 70 732 426 024.