Super that’s building towards a great retirement

IOOF Balanced Growth, the fund’s default MySuper investment, delivered 9.6% over the year to 30 June 2026.

Returns from a broad range of investments

A key strength of the portfolio is diversification — spreading investments across different assets, sectors and regions. This approach means returns are not dependent on a small number of investments, and instead accumulates returns from many sources, which can help smooth outcomes over time.

Technology-related investments, particularly those linked to AI, were a major contributor over the past year. While large US companies have led this trend, we have also benefited from investments in companies that support the global technology supply chain. These include semiconductor manufacturers in Asia that produce essential components used in devices and data centres.

IOOF Balanced Growth also invests in alternative assets that complement traditional investments like shares and bonds. These include investments that earn income from future payments, such as those backed by government programs or legally agreed settlements. These types of investments provide returns that are not tied to movements in share markets.

Responsive to changing market conditions

Investment markets shifted several times over the past year. At different points, uncertainty increased due to geopolitical events, conflicts and policy changes. In response, we adjusted the portfolio by increasing exposure to growth assets when valuations became more attractive, such as after changes to US trade policy last year, and reducing risk when conditions were more uncertain, like ahead of the US-Israel versus Iran conflict in February this year.

Decisions like these are an important part of managing portfolios through changing market environments. Over time, this disciplined approach has helped support returns and manage risks.

Looking ahead

After strong gains in recent years, returns from global share markets may be more moderate over the coming year. Even so, the overall outlook remains reasonably positive.

Ongoing investment in AI and technology is expected to continue supporting global economic activity. At the same time, easing pressures on energy markets could help reduce inflation, which would be supportive for both households and businesses.

We continue to see value in maintaining a mix of listed and unlisted investments including shopping malls. They had been out of favour for a number of years due to headwinds like rising interest rates and the e-commerce trend, but we believe high quality assets located in strong population growth areas are now well placed to deliver strong returns over the coming years.

As ever, markets will continue to change, and we will keep adjusting portfolios as needed. Our focus remains on helping members grow their super over the long term, while managing risk through all stages of the market cycle.

All returns are net of investment fees and estimated taxes and do not include platform administration fees and costs. Past performance is not a reliable indicator of future performance.

The value of an investment may rise or fall with the changes in the market. The performance returns in this communication are reported after deducting investment fees and estimated taxes but are before deducting administration fees and costs. Performance returns are annualised for periods greater than one year. For details of relevant fees and costs, refer to the Product Disclosure Statement (PDS) and Investment Menu.

Important information

Issued by IOOF Investment Management Limited (IIML) ABN 53 006 695 021, AFSL 230524 as Trustee of the IOOF Portfolio Service Superannuation Fund ABN 70 815 369 818. IIML is part of the Insignia Financial group of companies comprising Insignia Financial Ltd ABN 49 100 103 722 and its related bodies corporate (Insignia Financial Group).

Neither IIML, the investment managers, nor any of their related bodies corporate, guarantee the performance or any rate of return of the investments. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. This performance Summary may be considered to be general financial product advice only, and is not intended to represent investment or professional advice and does not take into account your individual financial circumstances. You should consider the appropriateness of this information, having regard to your individual financial circumstances. A Product Disclosure Statement (PDS) should also be obtained and you should consider the PDS in deciding whether to acquire, or to continue to hold, any investment. You can obtain the latest copy of the PDS (or other disclosure documents) by calling us on 1800 913 118 or by searching for the applicable product on the website at https://www.ioof.com.au/.