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) |