Australian Food Pension Product Disclosure Statement
Pension Plan Member Investment Choice ❯
Notice: Only complete this form if you are a member of the Pension Plan. Please read the Product Disclosure Statement before completing this form.
Member Investment Choice (MIC) gives members the opportunity to invest their superannuation in one or more of the seven investment options offered by Australian Food Super. If you don’t make an investment choice, your super will be invested in our default MySuper product.
The investment options are identical for Australian Food Super and the Australian Food Pension, except for the MySuper option is not available in the Australian Food Pension.
Please refer to the Investment Guide for more details of these investment options.
For the annual 2026 APRA performance test, the Australian Food Super MySuper option passed, along with all Trustee Directed Products.
You can find out more about the performance of our investment options by reading the MySuper Member Outcomes Assessment Summary and the Choice and Pension Member Outcomes Assessment Summary.
Your choice of options
You should read the Investment Guide for full details of each option before making a decision about which option to invest in. You may also wish to obtain financial advice.
NOTE: Investment options may have exposure to derivatives or other instruments which can be used to implement strategies or gain exposure to certain assets or markets.
Secure Option
| Target Return for each option | Exceed the Reserve Bank Cash Rate over rolling ten-year periods. | |
| Risk | Very low. Estimated probability of a negative return is less than 0.5 out of every 20 years. | |
| Suggested minimum timeframe | 1 year or less | |
| Suitable for | Members who want their super invested in cash and understand that returns for this type of option, while unlikely to be negative, may not keep pace with inflation. | |
| How will your money be invested? | ||
| Asset Class# | Secure Asset Allocation Range | |
| Australian Shares | Nil | |
| International Shares | Nil | |
| Alternatives | Nil | |
| Property | Nil | |
| Infrastructure | Nil | |
| International Fixed Interest | Nil | |
| Australian Fixed Interest | Nil | |
| Cash | 100% | |
| Foreign currency exposure | 0% | |
| Strategic Asset Allocation |  |
|
| Investment strategy | 100% in defensive assets | |
| Year Ending 30 June |
Inflation (CPI) | Crediting Rates |
| Australian Food Super | ||
| 2022 | 6.1% | 0.31% |
| 2023 | 6.0% | 2.70% |
| 2024 | 3.8% | 4.25% |
| 2025 | 2.1% | 3.85% |
| 2026 | 3.6% | 3.15% |
| 5 year Compound average |
4.2% p.a. | 2.84% p.a. |
#Investment options may have exposure to derivatives or other instruments which can be used to implement strategies or gain exposure to certain assets or markets.
Capital Stable Option
| Target Return for each option | Inflation plus 1% p.a. over rolling ten-year periods. | |
| Risk | Low to medium. Estimated probability of a negative return is 1.9 out of every 20 years. | |
| Suggested minimum timeframe | 3 years | |
| Suitable for | Members who want to reduce fluctuations in their returns while still maintaining some exposure to growth assets. | |
| How will your money be invested? | ||
| Asset Class# | Capital Stable Asset Allocation Range | |
| Australian Shares | 5-15% | |
| International Shares | 5-15% | |
| Alternatives | 0-12% | |
| Property | 5-22% | |
| Infrastructure | 0-10% | |
| International Fixed Interest | 13-33% | |
| Australian Fixed Interest | 10-30% | |
| Cash | Balance | |
| Foreign currency exposure | 6.4% | |
| Strategic Asset Allocation |  |
|
| Investment strategy | 30% in growth assets, 70% in defensive assets. | |
| Year Ending 30 June |
Inflation (CPI) | Crediting Rates |
| Australian Food Super | ||
| 2022 | 6.1% | -2.43% |
| 2023 | 6.0% | 5.68% |
| 2024 | 3.8% | 5.25% |
| 2025 | 2.1% | 6.02% |
| 2026 | 3.6% | 4.74% |
| 5 year Compound average |
4.2% p.a. | 3.80% p.a. |
#Investment options may have exposure to derivatives or other instruments which can be used to implement strategies or gain exposure to certain assets or markets.
Conservative Balanced Option*
| Target Return for each option | Inflation plus 2% p.a. over rolling ten-year periods. | |
| Risk | Medium. Estimated probability of a negative return is 2.8 out of every 20 years. | |
| Suggested minimum timeframe | 4 years | |
| Suitable for | Members who seek a balance between growth and stability, with lower fluctuations in returns than the Balanced option while maintaining meaningful exposure to growth assets. | |
| How will your money be invested? | ||
| Asset Class# | Conservative Balanced Asset Allocation Range | |
| Australian Shares | 5-25% | |
| International Shares | 5-25% | |
| Alternatives | 0-20% | |
| Property | 5-25% | |
| Infrastructure | 0-20% | |
| International Fixed Interest | 0-45% | |
| Australian Fixed Interest | 5-30% | |
| Cash | Balance | |
| Foreign currency exposure | 13.6% | |
| Strategic Asset Allocation |  |
|
| Investment strategy | 50% in growth assets, 50% in defensive assets | |
| Year Ending 30 June |
Inflation (CPI) | Crediting Rates |
| Australian Food Super | ||
| 2022 | 6.1% | – |
| 2023 | 6.0% | – |
| 2024 | 3.8% | – |
| 2025 | 2.1% | – |
| 2026 | 3.6% | – |
| 5 year Compound average |
4.2% p.a. | – |
#Investment options may have exposure to derivatives or other instruments which can be used to implement strategies or gain exposure to certain assets or markets.
* This investment option commenced on 1 October 2026, so no performance history is available.
MySuper Option
This is the default option if you do not make a choice.
| Target Return for each option | Inflation plus 3% p.a. over rolling ten-year periods. | |
| Risk | Medium to high. Estimated probability of a negative return is 3.8 out of every 20 years. | |
| Suggested minimum timeframe | 5 years | |
| Suitable for | Members who seek higher growth over the medium to long term and are willing to accept fluctuations in returns, including negative returns from time to time. | |
| How will your money be invested? | ||
| Asset Class# | MySuper Asset Allocation Range | |
| Australian Shares | 15-35% | |
| International Shares | 15-35% | |
| Alternatives | 0-30% | |
| Property | 10-30% | |
| Infrastructure | 0-30% | |
| International Fixed Interest | 0-35% | |
| Australian Fixed Interest | 5-20% | |
| Cash | Balance | |
| Foreign currency exposure | 19.2% | |
| Strategic Asset Allocation |  |
|
| Investment strategy | 76% in growth assets, 24% in defensive assets | |
| Year Ending 30 June |
Inflation (CPI) | Crediting Rates |
| Australian Food Super | ||
| 2022 | 6.1% | -0.51% |
| 2023 | 6.0% | 11.35% |
| 2024 | 3.8% | 7.56% |
| 2025 | 2.1% | 7.37% |
| 2026 | 3.6% | 5.75% |
| 5 year Compound average |
4.2% p.a. | 6.23% p.a. |
#Investment options may have exposure to derivatives or other instruments which can be used to implement strategies or gain exposure to certain assets or markets.
Balanced Option
| Target Return for each option | Inflation plus 3% p.a. over rolling ten-year periods. | |
| Risk | Medium to high. Estimated probability of a negative return is 3.8 out of every 20 years. | |
| Suggested minimum timeframe | 5 years | |
| Suitable for | Members who seek higher growth over the medium to long term and are willing to accept fluctuations in returns, including negative returns from time to time. | |
| How will your money be invested? | ||
| Asset Class# | Balanced Asset Allocation Range | |
| Australian Shares | 15-35% | |
| International Shares | 15-35% | |
| Alternatives | 0-30% | |
| Property | 10-30% | |
| Infrastructure | 0-30% | |
| International Fixed Interest | 0-35% | |
| Australian Fixed Interest | 5-20% | |
| Cash | Balance | |
| Foreign currency exposure | 19.2% | |
| Strategic Asset Allocation |  |
|
| Investment strategy | 76% in growth assets, 24% in defensive assets | |
| Year Ending 30 June |
Inflation (CPI) | Crediting Rates |
| Australian Food Super | ||
| 2022 | 6.1% | -0.51% |
| 2023 | 6.0% | 11.35% |
| 2024 | 3.8% | 7.56% |
| 2025 | 2.1% | 7.37% |
| 2026 | 3.6% | 5.75% |
| 5 year Compound average |
4.2% p.a. | 6.23% p.a. |
#Investment options may have exposure to derivatives or other instruments which can be used to implement strategies or gain exposure to certain assets or markets.
Growth Option
| Target Return for each option | Inflation plus 4% p.a. over rolling ten-year periods. | |
| Risk | High. Estimated probability of a negative return is 4.4 out of every 20 years. | |
| Suggested minimum timeframe | 7 years | |
| Suitable for | Members who seek higher growth over the long term and are willing to accept significant fluctuations in returns, including negative returns. | |
| How will your money be invested? | ||
| Asset Class# | Growth Asset Allocation Range | |
| Australian Shares | 25-50% | |
| International Shares | 25-50% | |
| Alternatives | 0-30% | |
| Property | 5-30% | |
| Infrastructure | 0-30% | |
| International Fixed Interest | 0-15% | |
| Australian Fixed Interest | 0-10% | |
| Cash | Balance | |
| Foreign currency exposure | 24% | |
| Strategic Asset Allocation |  |
|
| Investment strategy | 90% in growth assets, 10% in defensive assets | |
| Year Ending 30 June |
Inflation (CPI) | Crediting Rates |
| Australian Food Super | ||
| 2022 | 6.1% | -1.42% |
| 2023 | 6.0% | 12.95% |
| 2024 | 3.8% | 8.77% |
| 2025 | 2.1% | 8.68% |
| 2026 | 3.6% | 6.78% |
| 5 year Compound average |
4.2% p.a. | 7.04% p.a. |
#Investment options may have exposure to derivatives or other instruments which can be used to implement strategies or gain exposure to certain assets or markets.
Australian Shares Option
| Target Return for each option | Inflation plus 5% p.a. over rolling ten-year periods. | |
| Risk | Very High. Estimated probability of a negative return is 6.6 out of every 20 years. | |
| Suggested minimum timeframe | 10 years | |
| Suitable for | Members who seek high growth over the long term and are comfortable with the significant fluctuations and negative returns resulting from 100% exposure to share markets. | |
| How will your money be invested? | ||
| Asset Class# | Australian Shares Asset Allocation Range | |
| Australian Shares | 100% | |
| International Shares | Nil | |
| Alternatives | Nil | |
| Property | Nil | |
| Infrastructure | Nil | |
| International Fixed Interest | Nil | |
| Australian Fixed Interest | Nil | |
| Cash | Nil | |
| Foreign currency exposure | 0% | |
| Strategic Asset Allocation |  |
|
| Investment strategy | 100% in growth assets | |
| Year Ending 30 June |
Inflation (CPI) | Crediting Rates |
| Australian Food Super | ||
| 2024 | 3.8% | -1.11%* |
| 2025 | 2.1% | 13.59% |
| 2026 | 3.6% | 7.11% |
#Investment options may have exposure to derivatives or other instruments which can be used to implement strategies or gain exposure to certain assets or markets.
* This investment option commenced on 27 May 2024 and so returns for the year ending 30 June have been calculated and disclosed based on actual returns from 27 May 2024 to 30 June
International Shares Option
| Target Return for each option | Inflation plus 5% p.a. over rolling ten-year periods. | |
| Risk | Very High. Estimated probability of a negative return is 6.3 out of every 20 years. | |
| Suggested minimum timeframe | 10 years | |
| Suitable for | Members who seek high growth over the long term and are comfortable with the significant fluctuations and negative returns resulting from 100% exposure to share markets. | |
| How will your money be invested? | ||
| Asset Class# | International Shares Asset Allocation Range | |
| Australian Shares | Nil | |
| International Shares | 100% | |
| Alternatives | Nil | |
| Property | Nil | |
| Infrastructure | Nil | |
| International Fixed Interest | Nil | |
| Australian Fixed Interest | Nil | |
| Cash | Nil | |
| Foreign currency exposure | 80% | |
| Strategic Asset Allocation |  |
|
| Investment strategy | 100% in growth assets | |
| Year Ending 30 June |
Inflation (CPI) | Crediting Rates |
| Australian Food Super | ||
| 2024 | 3.8% | 0.67%* |
| 2025 | 2.1% | 16.64% |
| 2026 | 3.6% | 15.93% |
#Investment options may have exposure to derivatives or other instruments which can be used to implement strategies or gain exposure to certain assets or markets.
* This investment option commenced on 27 May 2024 and so returns for the year ending 30 June have been calculated and disclosed based on actual returns from 27 May 2024 to 30 June
Switching
How do I switch between investments?
You can switch online or by filling in a form.
We recommend that you register for MemberAccess which will allow you to request an investment switch instantly online. For more details you can contact the Member Hotline on 1800 808 614.
Online: If you’re already registered to MemberAccess, you’ll be able to make switches online. If not, you can register online by clicking on the ‘Register now’ button in MemberAccess.
Form: For members still working, fill in the form on page 11 of the Investment Guide and post it back to us. Pension members can switch using the Pension member investment choice form.
When does my investment switch take effect?
Investment switches can be made weekly and take effect from Saturday. The weekly cycle runs from Wednesday to Tuesday of the following week. If you complete a Member Investment Choice Form, it must be received by Australian Food Super’s Administrator no later than close of business (5:00 pm) on the Tuesday to take effect from the Saturday of that week. If switching online, the switch must be updated by 11:59 pm on the Tuesday.
Investment switch applications received after Tuesday take effect from the Saturday of the following week.
Examples:
| Application received between: | Takes effect from: |
| Wed 5 Aug 2026 and Tues 11 Aug 2026 | Sat 15 Aug 2026 |
| Wed 12 Aug 2026 and Tues 18 Aug 2026 | Sat 22 Aug 2026 |
| Wed 19 Aug 2026 and Tues 25 Aug 2026 | Sat 29 Aug 2026 |
Please note that our Administrator does not receive mail deliveries on weekends or Public Holidays in NSW; therefore, if using the form to make a switch you need to allow time for the form to be processed by Australia Post.
How much does it cost?
There is no charge to make a switch.
How often can I switch?
If you make more than one switch application in a week (Wednesday to Tuesday) the last one received will be the one processed to your account.
Current balance invested one way / future contributions invested another
The way you want your super invested is your choice. You can decide to invest your current balance and all new contributions in one investment option or split it amongst several options. You can also decide to invest your current balance in one option and then choose another investment option or options for new contributions.
Prior to making any change to the way your superannuation is invested you should refer to the current Investment Guide which contains full details of all of the investment options offered. You can download the Investment Guide here or obtain a printed copy by calling 1800 808 614.
It is also recommended that you seek financial advice prior to making any decision regarding the investment of your super. Australian Food Super can assist you through our partnership with Retire360, who have been engaged by the Trustee to provide members with independent financial advice. Members can call between 8.30am and 6.30pm Sydney time and speak to a financial planner who can offer advice on investment options and other super related topics. This basic advice is provided at no additional cost to members – it is paid for from the fund.