We give you the freedom to choose where your money is invested, because as your needs and goals change, so should your super investment choices.
choose one of our ready-made options
Whether you're a new or an experienced investor, we've made it easy to select an investment strategy to help fund the retirement lifestyle you deserve. If you haven't made an investment choice, all your super is automatically invested in our MySuper-authorised investment option, Balanced Growth.
Investment objective
Long term (10 years) CPI + 3.5%
Type of investor this option may suit
Ambitious
Description
This is our default investment option where a majority of our members have their super invested. Invests in a wide range of mainly shares, private equity, property and infrastructure, with some debt and cash investments. This option aims to achieve medium to long-term growth with some possible ups and downs in the short term.
Probable number of negative annual returns over 20 years
3 to less than 4
Suggested minimum investment timeframe
5 to 7 years
*Previously named Core Pool. Commenced 1 August 1987.
Investment objective
Long term (10 years) CPI + 2.0%
Type of investor this option may suit
Cautious
Description
Invests in a range of mainly debt and cash, with some exposure to shares, property and infrastructure. This option aims to achieve medium-term growth with some possible ups and downs, but is expected to be more stable than Balanced Growth in the short term.
Probable number of negative annual returns over 20 years
1 to less than 2
Suggested minimum investment timeframe
1 to 3 years
*Previously named Conservative Pool. Commenced 1 July 1995.
Investment objective
Long term (10 years) CPI + 2.5%
Type of investor this option may suit
Ambitious
Description
Invests in a mix of low-cost asset class strategies that aim to closely match index returns. This option aims to achieve medium to long-term growth with some possible ups and downs in the short term.
Probable number of negative annual returns over 20 years
4 to less than 6
Suggested minimum investment timeframe
7 to 10 years
* Commenced 1 October 2020.
Investment objective
Long term (10 years) CPI + 3.5%
Type of investor this option may suit
Very ambitious
Description
Invests in shares, debt and private equity of companies with above average environmental, social and governance performance, along with some exposure to environmental property investments. This option aims to achieve medium to long-term growth with some possible ups and downs in the short term.
Probable number of negative annual returns over 20 years
4 to less than 6
Suggested minimum investment timeframe
7 to 10 years
* Previously named Eco Pool. Commenced 1 February 2000.
Investment objective
Long term (10 years) CPI + 4%
Type of investor this option may suit
Very ambitious
Description
Invests in a wide range of primarily Australian and international shares, and private equity, along with some exposure to property, infrastructure, debt and cash. This option aims to achieve strong long-term growth with some possible ups and downs that may be greater than Balanced Growth in the short term.
Probable number of negative annual returns over 20 years
4 to less than 6
Suggested minimum investment timeframe
7 to 10 years
* Previously named Shares Plus. Commenced 1 July 1995.
want more flexibility? design your own portfolio.
You can choose your own asset allocation (where you want to invest) and the level of risk you want to take. Create your own asset mix from the five Your Choice options below.
Investment objective
Over the long term, to earn an after-tax return, after investment fees and indirect costs, equivalent to or higher than the return (net of tax##) of the Bloomberg Ausbond Bank Bill Index.
Type of investor this option may suit
Very cautious
Or, an investor seeking to create their own diversified portfolio, who would like to include cash, cash products and term deposits.
Description
Invests in a range of at-call bank deposits and short-dated term deposits, and may have a small allocation to other cash investments. It is expected to deliver a return above the official RBA cash rate over the long term.
Probable number of negative annual returns over 20 years
Less than 0.5
Suggested minimum investment timeframe
Less than 1 year
* Previously named Cash; changed to include Term Deposits on 1 October 2020. Performance history before 1 October 2020 based on Cash. Commenced 1 July 2001.
## Estimated tax rate provided by independent investment consultant.
Investment objective
Over the long term, to earn an after-tax return, after investment fees and indirect costs, equivalent to or higher than the return (net of tax##) of the combination of:
• 50% Bloomberg AusBond Composite 0+ Year Index
• 50% Barclays Capital Global Aggregate ex Australia Index Hedged to $A.
Type of investor this option may suit
An investor seeking to create their own diversified portfolio, who would like to include debt and other fixed interest investments.
Description
Invests in Australian and international government bonds and other debt. This option aims for returns that typically outperform cash, but is more stable than shares in the short to medium term.
Probable number of negative annual returns over 20 years
1 to less than 2
Suggested minimum investment timeframe
1 to 3 years
* Previously named Global bonds. Commenced 1 July 2001.
## Estimated tax rate provided by independent investment consultant.
Investment objective
Over the long term, to earn an after-tax return after investment fees and indirect costs, equivalent to or higher than CPI + 3.0%.
Type of investor this option may suit
An investor seeking to create their own diversified portfolio, who would like to include property and infrastructure.
Description
Invests in Australian and global property and infrastructure, along with some cash. This option aims to achieve medium to long term growth with some possible ups and downs, but is expected to be more stable than shares in the short term.
Probable number of negative annual returns over 20 years
2 to less than 3
Suggested minimum investment timeframe
5 to 7 years
* Previously named Property; changed to include Infrastructure on 1 October 2020. Performance history before 1 October 2020 based on Property. Commenced 1 July 2001
Investment objective
Over the long term, to earn an after-tax return, after investment fees and indirect costs, equivalent to or higher than the return (net of tax##) of the combination of:
Type of investor this option may suit
An investor seeking to create their own diversified portfolio, who would like to include international shares.
Description
Invests in a range of companies listed on stock exchanges around the world. This option aims to achieve strong growth over the long-term, with possible short-term ups and downs.
Probable number of negative annual returns over 20 years
4 to less than 6
Suggested minimum investment timeframe
7 to 10 years
## Estimated tax rate provided by independent investment consultant.
Investment objective
Over the long term, to earn an after-tax return, after investment fees and indirect costs, equivalent to or higher than the return (net of tax##) of the S&P/ASX 300 Accumulation Index.
Type of investor this option may suit
An investor seeking to create their own diversified portfolio, who would like to include Australian shares.
Description
Invests in a range of companies listed on the Australian stock exchange, as well as a few that aren't. This option aims to achieve strong growth over the long term, with possible short-term ups and downs.
Probable number of negative annual returns over 20 years
6 or greater
Suggested minimum investment timeframe
7 to 10 years
## Estimated tax rate provided by independent investment consultant.
changing your investment choice
Weekly switching is available to HESTA members at no extra cost. For more information about how weekly switching works, download Investment Choices.
To change your investment choices log in to your online account and make your change.
Need some help? Our friendly advice team can help you work out suitable investment strategies. Get in touch.
HESTA investment managers
as at 30 October 2020
We engage a range of professional fund managers to invest members’ money according to specific objectives and strategies. See our full list below.
We have the discretion to change managers at any time in accordance with its investment strategies.
Investment Manager | Investment Manager ABN (if available) |
First Sentier Investors (Australia) IM Limited | 89 114 194 311 |
IFM Investors Pty Ltd | 67 107 247 727 |
JP Morgan Chase Bank, N.A. | 43 074 112 011 |
State Street Global Advisors, Australia, Limited | 42 003 914 225 |
Investment Manager | Investment Manager ABN (if available) |
BlackRock Asset Management (Australia) Limited | 13 006 165 975 |
Macquarie Investment Management Australia Limited | 55 092 552 611 |
Pendal Group Limited | 17 126 390 627 |
PIMCO Australia Pty Limited | 54 084 280 508 |
Investment Manager | Investment Manager ABN (if available) |
AEW Capital Management, L.P. | n/a |
EG Funds Management Pty Ltd | 22 108 198 492 |
Eureka Funds Management Limited | 47 107 346 841 |
Franklin Templeton Investments Australia Limited | 87 006 972 247 |
Heitman Capital Management, LLC | n/a |
Investa Wholesale Funds Management Limited | 16 149 681 390 |
ISPT Operations Pty Ltd | 12 633 106 733 |
MSREF V International-GP, L.L.C. | n/a |
Nuveen Alternatives Europe S.à r.l. | n/a |
QIC Property Management Pty Ltd | 43 076 279 359 |
Scarborough Pacific Group Pty Limited | 52 140 660 975 |
Stride Property Limited | n/a |
Investment Manager | Investment Manager ABN (if available) |
IFM Investors Pty Ltd | 67 107 247 727 |
Kohlberg Kravis Roberts & Co. L.P. | n/a |
Macquarie Fund Advisors Pty Ltd | 95 082 018 399 |
Morrison & Co Utilities Management (Australia) Pty Ltd | 66 624 308 809 |
Pacific Equity Partners Pty Ltd | 62 082 283 949 |
Palisade Investment Partners Limited | 32 124 326 361 |
Stafford Timberland Limited | n/a |
Investment Manager | Investment Manager ABN (if available) |
Advent Partners Pty Ltd | 29 006 235 632 |
Adveq Management AG | n/a |
Ascendent Capital Partners Limited | n/a |
Blackbird Ventures Pty Ltd | 93 159 044 989 |
Brandon Capital Partners Pty Ltd | 82 128 415 903 |
Castik Capital Partners GmbH | n/a |
Coller Investment Management Limited | n/a |
Five Elms Capital Management, LLC | n/a |
FSN Capital Partners AS | n/a |
FTV Management Company, L.P. | n/a |
Generation Investment Management LLP | n/a |
Grey Mountain Partners LLC | n/a |
IFM Investors Pty Ltd | 67 107 247 727 |
JMI Management Inc | n/a |
Leapfrog Investments Group Ltd | n/a |
Lexington Advisors Inc | n/a |
Littlejohn & Co., LLC | n/a |
Madison-India Management Advisors Private Limited | n/a |
Newbury Associates LLC | n/a |
Oaktree Capital Management, L.P. | n/a |
PAG Asia Capital Limited | n/a |
Performance Equity Management, LLC | n/a |
Providence Equity Partners LLC | n/a |
Rio Energy Management LLC | n/a |
Roark Capital Management LLC | n/a |
Stafford Fund Nominees Pty Ltd | 21 113 939 325 |
Stafford Private Equity Pty Ltd | 31 094 669 940 |
Stafford Private Equity Inc | n/a |
Stone Point Capital LLC | n/a |
TDR Capital, LLP | n/a |
Vencap Limited | n/a |
Investment Manager | Investment Manager ABN (if available) |
AlphaCat Managers Limited | n/a |
BlackRock Financial Management, Inc | n/a |
Bridgewater Associates, Inc | n/a |
Challenger Investment Partners Limited | 29 092 382 842 |
Graham Capital Management L.P. | n/a |
Healthcare Royalty Management, LLC | n/a |
IFM Investors Pty Ltd | 67 107 247 727 |
Kohlberg Kravis Roberts & Co. L.P. | n/a |
La Française Investment Solutions | n/a |
Members Equity Bank Pty Limited | 56 070 887 679 |
ME Portfolio Management Limited | 79 005 964 134 |
Nephila Capital Limited | n/a |
Oaktree Capital Management, L.P. | n/a |
Social Ventures Australia | 94 100 487 572 |
Westbourne Credit Management Limited | 27 131 843 144 |
Investment Manager | Investment Manager ABN (if available) |
Lee Overlay Partners Limited | n/a |
Insight Investment Management Limited | n/a |
Russell Investment Management Limited | 53 068 338 974 |
Investment Manager | Investment Manager ABN (if available) |
QIC Limited | 92 942 373 762 |
Investment-choices pdf, 1 MB
Investment Choices
HESTA-Accumulation-top-20-listed-shareholdings pdf, 135 kB
Top 20 shareholdings in HESTA Acccumulation
HESTA-Sustainable-Growth-Consolidated-20-listed-shareholdings pdf, 162 kB
Top 20 shareholdings HESTA - Sustainable Growth
HESTA-IS-top-20-listed-shareholdings pdf, 135 kB
Top 20 shareholdings in HESTA Income Stream
HESTA-Property-Exposure pdf, 179 kB
Property exposure
HESTA-Infrastructure-Exposure pdf, 191 kB
Infrastructure exposure
HESTA-Private-Equity-Exposure pdf, 181 kB
Private Equity Exposure
*Frontier Advisors Pty Ltd is an Australian Financial Services Licensee No. 241266 (ABN 21 074 287 406). The Trustee, H.E.S.T. Australia Limited, is a shareholder in Frontier Advisors Pty Ltd.
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