You'll be invested in the Balanced Growth option when you join BUSSQ. After joining the fund, you can switch to one of the following ready-made or sector-specific investment options if you'd like to.
Unless indicated otherwise, the information in the table is based on data provided by SuperRatings Pty Limited ABN 95 100 192 283, a Corporate Authorised Representative (CAR No.1309956) of Lonsec Research Pty Ltd ABN 11 151 658 561, Australian Financial Services Licence No. 421445.
*Past performance data and fee data is for the period ending June 2024
BUSSQ offers three types of investment options for you to choose from: MySuper, pre-mixed portfolios and asset class options. If you don't want to choose an option, your super will be invested in the Balanced Growth investment option which is a MySuper-authorised fund.
The pre-mixed portfolios each invest in a range of different asset classes. Some have a higher allocation towards growth assets (like shares and property) and therefore a higher risk level.
| Pre-mixed investment option | Risk level | Asset allocation (rough estimate) |
|---|---|---|
| High Growth This option is the highest risk level of all the pre-made options, with around 90% allocation to growth assets including local and international shares. It's designed for higher growth over the long term, and is suited for investors with a longer investment timeframe of at least 10 years. | High |
|
| Balanced Growth (MySuper option) This is the default investment option which all members will be placed in if you don't choose a different option after joining. It's designed for growth over the medium to long term, and designed for members with an investment timeframe of at least 5 years. It has a bit less exposure to growth assets compared to the High Growth option. | High |
|
| Defensive This option has the lowest risk level of all the pre-made options, with much less allocation to growth assets and higher exposure to defensive assets including fixed interest and cash. It's designed for investors with a shorter investment timeframe of around 3 years (e.g.: if you're closer to retirement) or those with a low risk tolerance. | Medium |
|
*Asset allocation between growth and defensive assets are a rough guide as of September 2021, and may shift slightly from time to time.
These options are single asset class portfolios. You decide how much you want to invest in each of the options listed below.
Members can access the following types of insurance cover automatically when joining:
You can cancel, increase or adjust your insurance cover at any time.
You can complete an online application in around 15 minutes. You'll need to provide:
Once you've completed the application you will receive your member number and a confirmation email with the details of your account.
DISCLAIMER: This article may contain general advice. You should consider your own personal circumstances before deciding if a superannuation product is right for you. Superannuation is a long term investment and past performance is not indicative of future performance.
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