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.
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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) 17Global Shares
31 (29) 21.5 (19)Private Equity
5 4Property 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)
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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
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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)
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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)
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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)
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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)
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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
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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)
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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)
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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)
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Investment objective change
We made a change to the investment objective on 1 October 2025. All changes are bolded with the previous values in brackets.
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.
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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
