Australian Shares option

30 June 2024

Invests in a wide range of shares in both listed and unlisted

companies in Australia, with a small allocation to companies
in New Zealand. Designed to have strong long-term capital
growth with possible short-term fluctuations in returns.

Investment objective
To beat the S&P/ASX 200 Accumulation Index (adjusted for franking credits)
over the medium to long term1.
1 Index level returns, adjusted for implied superannuation tax (where applicable).

Performance
For period to 30 June 2024
3 years 5 years 10 years 15 years 20 years Since Inception
3 months 1 year
(pa) (pa) (pa) (pa) (pa) inception (pa) date
Super and TTR Income -0.96% 12.67% 8.31% 9.01% 9.24% 10.00% 9.33% 9.43% 1/10/1999
Benchmark2 -0.75% 11.71% 6.81% 7.70% 8.44% 9.20% 8.40% 8.39%
Choice Income -1.00% 14.09% 9.38% 10.28% 10.36% 11.30% n/a 8.07% 1/1/2008
Benchmark3 -0.77% 13.34% 7.84% 8.56% 9.24% 9.81% n/a 6.25%
2 S&P/ASX 200 Accumulation Index adjusted for tax, prior to 1 July 2020 S&P/ASX 300 Accumulation Index adjusted for tax
3 S&P/ASX 200 Accumulation Index adjusted for tax credits, prior to 1 July 2020 S&P/ASX 300 Accumulation Index adjusted for tax credits

Minimum investment timeframe is at least 12 years.

Risk level for the time invested Member assets (millions in AUD)
Short-term Medium-term Long-term Super and Choice
Total
Under 5 years 5-20 years Over 20 years TTR Income Income
Very high Medium Low to medium $7,249.3 $1,444.3 $8,693.6

Estimated number of negative annual returns over any

20 year period: About 6 in every 20 years.

Asset allocation Sector allocation

Actual Strategic Strategic Communication services 1.0%
Asset class
allocation allocation range
Consumer discretionary 11.2%
Australian shares 99.7% 99.5% 90–100%
Consumer staples 4.4%
Cash 0.3% 0.5% 0–10%
Energy 4.3%
Strategic allocation and range effective from 1 July 2024. Financials 30.6%
Health care 9.5%
Industrials 8.5%
Information technology 3.7%
Materials 21.6%
Real estate 1.1%
Utilities 4.2%

Global Industry Classification Standard (GICS) is used for sector classifications.

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Investment fees and costs1
Financial year ending 30 June 2024
Investment fees and costs Performance Total investment fees Transaction
(excluding performance fees) fee and costs costs
Super and TTR Income 0.21% 0.00% 0.21% 0.02%

Choice Income 0.21% 0.00% 0.21% 0.03%

1  alculated based on the actual Investment fees and costs (excluding performance fees) incurred for the year ended 30 June 2024 and are expressed as a ratio
C
to the average value of all the assets in the investment option over the year. Performance fees are based on an average of the actual fees incurred over the
last five financial years. Transaction costs are calculated based on the actual costs incurred for the year ended 30 June 2024 and are expressed as a ratio to
the average value of all the assets in the investment option over the year. These fees and costs are variable and are likely to change from year to year. Visit
australiansuper.com/fees for more details.

Investment managers
Manager Option weight
2  or a full listing of investment holdings, go to
F
AustralianSuper 96.2%
australiansuper.com/what-we-invest-in
IFM 3.8%

Internal management
96% of the option is managed internally by AustralianSuper.

Top 10 Australian share holdings2

Company Option weight
BHP Group Ltd 9.4%
Commonwealth Bank of Australia 9.3%
National Australia Bank Ltd 6.1%
CSL Ltd 6.0%
Origin Energy Ltd 3.9%
Macquarie Group Ltd 3.5%
Wesfarmers Ltd 3.5%
Woodside Energy Group Ltd 3.2%
Westpac Banking Corp 2.9%
QBE Insurance Group Ltd 2.9%

Find out more

Call 1300 300 273 (8am to 8pm AEST/AEDT weekdays) Web australiansuper.com/investments

This document has been prepared and issued in August 2024 by AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788, Trustee of AustralianSuper
ABN 65 714 394 898 and may contain general financial advice that does not take into account your personal objectives, situation or needs. Before making
a decision about AustralianSuper consider your financial requirements and read the Product Disclosure Statement available at australiansuper.com/pds
or by calling 1300 300 273. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns. Returns from equivalent
investment options of ARF and STA are used in calculating returns for periods that begin before 1 July 2006.
For TTR Income accounts, the investment return is based on the crediting rate for super (accumulation) options. From 1 April 2020 to 2 September 2022 the crediting rate
includes an administration fee of up to 0.04% pa that only applies to super (accumulation) accounts. TTR Income accounts will be adjusted to refund the administration fee
50042 08/24

deducted from investment returns. All TTR Income account administration fees are deducted from account balances. Asset allocations and other investment information
are current as at the dates listed. Asset allocations, the composition of individual asset classes and other investment information may change from time to time. Asset
allocation, currency exposure, holdings and investment manager data are for the Super option. Choice Income option may have small differences. A Target Market
Determination (TMD) is a document that outlines the target market a product has been designed for. Find the TMDs at australiansuper.com/tmd

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