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IOOF MySuper investment performance update

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Strong, double-digit 15.54% return for IOOF Balanced Growth for the 12-months to 30 September 2024

IOOF’s Balanced Growth investment option* – our default MySuper investment option – delivered a strong, double-digit 15.54% return for the 12-months to 30 September 2024.

Listed shares were the largest contributor to the strong performance over this period. A combination of resilient economic growth, stronger than expected corporate earnings and major central bank interest rate cuts combined to push share markets higher. 

The option’s continued exposure to alternative private debt strategies – loans made by investors to commercial borrowers – also contributed positively to performance over the year. The return patterns from these alternative assets differ from those provided by shares and so are valuable sources of diversification within the portfolio, as well as returns. 

Stanley Yeo, Deputy Chief Investment Officer & Head of Equities at IOOF noted, “The strong, double-digit 15.54% return for the 12-months to 30 September 2024 is great news for members in our Balanced Growth investment option. And, as market conditions evolve, we’re well prepared to capitalise on investment opportunities ahead. 

Investment markets fluctuate over time however, that’s why we remain focused on delivering positive returns for members over longer periods than just one year. By constructing portfolios comprising a diverse array of asset classes, investment styles, and geographic exposures, we give our members the best chance of achieving strong, long-term performance.”

IOOF’s Balanced Growth investment option has also reached its 10-year milestone, with the option returning an average of 7.31% per annum to 30 September 2024. The option has outperformed its CPI objective over this 10-year period and has provided long-term returns in line with its risk profile**. 

 

What is MySuper?

View the performance history of your IOOF products

Latest investment returns to 30 September 2024

   Returns (%)  Annualised Returns (% p.a.)
  1 month 3 months 1 year 3 years 5 years  7 years 10 years 
IOOF Balanced Investor Trust 1.04 3.87 15.54 6.11 6.54  7.36 7.31 


All returns are net of investment fees and estimated taxes and do not include administration fees and costs. 

* As of the 19 August 2024, the IOOF Balanced Investor Trust is now referred to as the IOOF Balanced Growth investment option.

** The investment objective of the IOOF Balanced Growth investment option is to achieve total returns after fees and taxes in excess of the CPI +3.5% p.a. over a rolling ten-year period. Read more on the IOOF Balanced Growth investment profile. 

Performance Disclaimer: 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).

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.

Neither IIML, the investments 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 in to 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. A Target Market Determination (TMD) is also available. You can obtain the latest copy of the PDS (or other disclosure documents) and TMD by calling us on 1800 913 118 or by searching for the applicable product on the website at www.ioof.com.au