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 super in the short to medium-term and who want to continue participating in capital growth.

Investment strategy

MySuper Moderate 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 cash flows and profitability.

Return objective

Corporate Plus and Personal Plus members: Outperform 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

MySuper Moderate 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

MySuper 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.

MySuper Moderate option returns^†

	Accumulation 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%

TelstraSuper MySuper Product Dashboard

The Product Dashboard is legislatively mandated and is designed to provide members with a snapshot of investment performance, risk, and fees and costs associated with TelstraSuper's MySuper arrangement. View the Product Dashboard.

^†MySuper Moderate was introduced on 1 October 2023 and its predecessor the Moderate option was introduced on 1 July 2023 and the Moderate option predecessor Defensive Growth was introduced on 1 July 2010. As such, any historic returns prior to 1 October 2023 will reflect that of the relevant predecessor.

Past performance is not a reliable indicator of future performance. The accumulation investment returns are net of investment fees and investment taxes, but before deducting any administration fee or indirect administration cost. The TelstraSuper RetireAccess investment returns are net of investment fees but before deducting any administration fee or indirect administration cost

Portfolio holdings disclosure

MySuper Moderate was introduced on 1 October 2023 and  there is no  portfolio holdings disclosure information available.