The strategic asset allocation and composite benchmark for CFS Thrive+ Sustainable Growth changed on 11 March 2025. 

 

As shown in the table below, the asset classes Australian Fixed Interest and Global Fixed Interest have been combined into a new single asset class named Fixed Interest. This change allows for further diversification and investment opportunities in the Fixed Interest asset class to further deliver performance for investors.

Asset Class
Previous Strategic Asset Allocation (as per the Product Disclosure Statement (PDS) dated 16 November 2024)
New Strategic Asset Allocation
Range – Current
Range - New
Asset Class

Australian Shares 

Previous Strategic Asset Allocation (as per the Product Disclosure Statement (PDS) dated 16 November 2024)

28.0%

New Strategic Asset Allocation

28.0%

Range – Current

25-40%

Range - New

25-40%

Asset Class

Global Shares and Private Equity 

Previous Strategic Asset Allocation (as per the Product Disclosure Statement (PDS) dated 16 November 2024)

46.0%

New Strategic Asset Allocation

46.0%

Range – Current

35-55%

Range - New

35-55%

Asset Class

Property 

Previous Strategic Asset Allocation (as per the Product Disclosure Statement (PDS) dated 16 November 2024)

4.0%

New Strategic Asset Allocation

4.0%    

Range – Current

0-15%

Range - New

0-15%

Asset Class

Infrastructure 

Previous Strategic Asset Allocation (as per the Product Disclosure Statement (PDS) dated 16 November 2024)

4.0%

New Strategic Asset Allocation

4.0%

Range – Current

0-15%

Range - New

0-15%

Asset Class

Australian Fixed Interest 

Previous Strategic Asset Allocation (as per the Product Disclosure Statement (PDS) dated 16 November 2024)

8.0%

New Strategic Asset Allocation

-

Range – Current

0-20%

Range - New

-

Asset Class

Global Fixed Interest 

Previous Strategic Asset Allocation (as per the Product Disclosure Statement (PDS) dated 16 November 2024)

9.0%

New Strategic Asset Allocation

-

Range – Current

0-20%

Range - New

-

Asset Class

Fixed Interest 

Previous Strategic Asset Allocation (as per the Product Disclosure Statement (PDS) dated 16 November 2024)

-

New Strategic Asset Allocation

17.0%

Range – Current

-

Range - New

0-20%

Asset Class

Cash 

Previous Strategic Asset Allocation (as per the Product Disclosure Statement (PDS) dated 16 November 2024)

1.0%

New Strategic Asset Allocation

1.0%

Range – Current

0-10%

Range - New

0-10%

Composite benchmark changes

The objective for the CFS Thrive + Sustainable Growth option includes a reference to a composite benchmark. It may be subject to change at any time within the allocation ranges.

Benchmark Name
Previous Composite Benchmark (as per the PDS dated 16 November 2024)
New Composite Benchmark
Benchmark Name

Bloomberg AusBond Bank Bill Index 

Previous Composite Benchmark (as per the PDS dated 16 November 2024)

1.0%

New Composite Benchmark

1.0%

Benchmark Name

Bloomberg AusBond Composite 0+Yr Index 

Previous Composite Benchmark (as per the PDS dated 16 November 2024)

8.0%

New Composite Benchmark

8.0%

Benchmark Name

Bloomberg Global Aggregate Index (AUD hedged) 

Previous Composite Benchmark (as per the PDS dated 16 November 2024)

9.0%

New Composite Benchmark

6.0%

Benchmark Name

Bloomberg Global Aggregate Corporate Index (AUD hedged) 

Previous Composite Benchmark (as per the PDS dated 16 November 2024)

-

New Composite Benchmark

3.0%

Benchmark Name

MSCI All Country World ex Australia Net Index 

Previous Composite Benchmark (as per the PDS dated 16 November 2024)

4.0%

New Composite Benchmark

4.0%

Benchmark Name

MSCI All Country World ex Australia Net Index Hedged AUD 

Previous Composite Benchmark (as per the PDS dated 16 November 2024)

18.0%

New Composite Benchmark

18.0%

Benchmark Name

MSCI World ex Australia Net Index 

Previous Composite Benchmark (as per the PDS dated 16 November 2024)

19.0% 

New Composite Benchmark

19.0%

Benchmark Name

MSCI Emerging Markets Index 

Previous Composite Benchmark (as per the PDS dated 16 November 2024)

5.0%

New Composite Benchmark

5.0%

Benchmark Name

MSCI/Mercer Australia Core Wholesale Monthly Property Fund Index – NAV-Weighted Post-Fee Total Return (All Funds 

Previous Composite Benchmark (as per the PDS dated 16 November 2024)

4.0%

New Composite Benchmark

4.0%

Benchmark Name

S&P/ASX 300 Accumulation Index 

Previous Composite Benchmark (as per the PDS dated 16 November 2024)

28.0%

New Composite Benchmark

28.0%

Benchmark Name

MSCI Australia Quarterly Private Infrastructure Index (Unfrozen) - Post-fee Total Return (50th Percentile) 

Previous Composite Benchmark (as per the PDS dated 16 November 2024)

4.0%

New Composite Benchmark

4.0%

The CFS Thrive+ Sustainable Growth option is available through:

  • FirstChoice Wholesale Investments 
  • FirstChoice Wholesale Personal Super and Pension 
  • FirstChoice Employer Super  
  • Essential Super
  • Class A

You should read this Update in conjunction with the relevant disclosure document:

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For more information about these changes, please refer to the relevant PDS, speak to a financial adviser if you have one, or call us on 13 13 36, 8:30am to 6pm Monday to Friday Sydney time. 

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Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557 and issuer of FirstChoice range of super and pension products. Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the responsible entity and issuer of products made available under FirstChoice Investments and FirstChoice Wholesale Investments.

 

Information on this webpage is provided by AIL and CFSIL. It may include general advice but does not consider your individual objectives, financial situation, needs or tax circumstances. You can find the target market determinations (TMD) for our financial products at  https://www.cfs.com.au/tmd which include a description of who a financial product might suit. You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at www.cfs.com.au or by calling us on 13 13 36.