Moderate^
^The Defensive Growth and Diversified Income investment options were combined to create the Moderate option on 1 July 2023
Objective
To build an investment portfolio to achieve the stated return objective within the stated risk parameters over the specified timeframe.
Who should invest?
Members who want the potential for moderate investment growth but with greater security than the Balanced or Growth options. This option is designed to give more flexibility for members who might be looking to access their superannuation in the short to medium term and who want to continue participating in capital growth.
Investment strategy
The Moderate option is uniquely structured to adjust its exposure to a range of growth and defensive assets, based on the performance and confidence of investment markets at any point in time. When investing in growth assets, it does so in a way that aims to reduce volatility. For example, by investing in stable businesses with long histories of reliable cashflows and profitability.
Return objective
Corporate Plus, Personal Plus members and TTR members: CPI + 2% p.a.
For the purpose of setting and measuring the return objective, a time horizon of 10 years has been used.
Investment timeframe
The recommended investment timeframe for this option is 10 years. Member should consider investing in this option for at least a 4 to 10 year time-horizon. This timeframe provides an indication of the typical length of time over which investments in this option should be expected to be held.
Risk characteristics
The Moderate option is expected to provide lower levels of return and short-term investment risk than the Growth and Balanced options, but higher levels than the Conservative option. This option’s risk characteristics using TelstraSuper’s four measures of investment risk are summarised in the diagrams below:
The Moderate option’s Standard Risk Measure* is for a “medium to high level” of risk expected to generate 3 to less than 4 negative annual returns over any 20 year period.
Long-term strategic investment mix^
52.8% Growth assets
47.2% Defensive assets
Moderate option investment mix and asset ranges
The aim of this information is to provide members with investment objective and strategy details (including investment mix) that we consider members reasonably need to understand the fund's investments and reflect the manner in which objectives and strategies have been formulated by the Trustee pursuant to superannuation law and discretionary powers under the Trust Deed.
* The Standard Risk Measure is a standardised way of communicating investment risk that has been developed by the Association of Superannuation Funds of Australia (ASFA) and the Financial Services Council (FSC)
^The long-term investment mix is used as a strategic guide for investing. This split of defensive and growth assets can vary from time to time as investment in each asset class may vary within the allowable ranges.
Moderate option returns†
| Accumulation and RetireAccess TTR returns | |
| 2022/2023 | 8.02% |
| 2021/2022 | -1.53% |
| 2020/2021 | 12.49% |
| 2019/2020 | 0.32% |
| 2018/2019 | 8.06% |
| 2017/2018 | 6.97% |
| 2016/2017 | 9.84% |
| 2015/2016 | 4.75% |
| 2014/2015 | 8.50% |
| 2013/2014 | 13.00% |
| 2012/2013 | 11.59% |
| 2011/2012 | 5.34% |
| 5 year average | 5.94% |
Notional returns have not been included as the structure of the option is not based on the performance of a single index.
† Past performance is not a reliable indicator of future performance. The accumulation and RetireAccess TTR investment returns are net of investment fees and investment taxes, but before deducting any administration fee or indirect administration cost.
Portfolio holdings disclosure
TelstraSuper is proud of our investment track record and approach to responsible investment. To provide a better understanding of what that means and how we invest our funds on behalf of our members, every 30 June and 31 December reporting date we take a “snapshot” of our portfolio holdings‡ and then break it down to show the investment allocations for each investment option. In line with current legislation, this information is made available within 90 days of each reporting date and is presented to meet the required reporting and formatting standards. For more information please see the Investments - Portfolio Holdings Disclosure section of our FAQs page.
The Defensive Growth and Diversified Income investment options were combined to create the Moderate option on 1 July 2023.
‡ The portfolio holdings information disclosed is current only on the applicable 30 June or 31 December reporting date in a particular year. Portfolio holdings information is only updated twice a year on a date that is within 90 days after a reporting date. The portfolio holdings disclosures are made for informational purposes only and do not constitute any recommendation and/or endorsement to any person to buy or sell any investment or employ and/or implement any particular investment strategy. Any general advice on this website document has been prepared without taking into account your objectives, financial situation or needs. Before you act on any general advice in this document, you should consider whether it is appropriate to your individual circumstances. Before making any investment decision, you should obtain and read the relevant product disclosure statement. You may wish to consult a financial adviser before you make any decisions relating to your financial affairs. Past performance is no indicator of future returns.