Defensive

Overview

Objective

To provide members with a portfolio focused on preservation of capital through low risk income generating investments.

The Fund aims to track the return of the Bloomberg AusBond Bank Bill index before taking into account fees and taxes over 1 year period.

Minimum investment timeframe	1 year
Risk level	Very low
Investors that the Fund may suit	Members wanting a low risk of capital loss and low volatility with a short investment timeframe.

Read the PDS

Asset allocation

As at 13 February 2025.

This information is subject to change.

1. The asset allocation shown is a strategic asset allocation and the actual allocation may vary within the range due to market movements, investments into or withdrawals from the option, or changes in the nature of the investment.

Performance


Defensive	2.4%	1.9%	1.5%	2.1%	3.7%	3.9%	1.4%	2.0%	0.3%	2.8% (31 Dec 1998)

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Case studies

We know it can be difficult to imagine the real world impact that your super has. Explore the case studies below to learn more about some of the companies we're invested in.

For Purpose Aged Care

For Purpose Aged Care Australia is a not-for-profit organisation that runs aged care homes.

For Purpose Aged Care

For Purpose Aged Care Australia is a not-for-profit organisation that runs aged care homes across the country. As Australia’s population ages, the demand for quality aged care is growing, especially in regional areas where services are often limited. With close to 2,000 beds under management and around 500 new beds in development, they are expanding access to high-quality care, especially in underserved areas.

As a not-for-profit backed by For Purpose Investment Partners, they are mission-driven. Their unique model aligns financial sustainability with measurable social outcomes. For example, they’ve increased the number of hours Registered Nurses spend with residents and reduced serious incidents to about than one-third of the industry average. External complaints have also dropped to about one-third of the industry average.

For Purpose Aged Care has grown through acquisitions, including Luson and Signature Care, and now operates nationally. Their homes aim to be well-run, respectful environments that prioritise resident wellbeing. They also use technology to reduce paperwork and improve communication with families, helping staff spend more time with residents and less on admin. Their approach ensures the wellbeing and respect of people under care, making them a standout in the aged care sector and an important investment for Australian Ethical.  

SDG contribution

What are SDGs?

Good health and wellbeing

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Contact Energy Green Bond

Contact Energy is a New Zealand-based energy company making big strides in sustainability.

Contact Energy Green Bond

Contact Energy is a New Zealand-based energy company making big strides in sustainability. With 81% of its energy coming from renewables like hydro, geothermal, and wind, Contact Energy is a leader in green energy. 

Last year, they issued a 6.5-year Green Bond to fund exciting projects. They’re expanding their geothermal capacity, building a 100MW battery system, and a solar park. Plus, they’re acquiring another renewable energy generator, Manawa Energy. 

Contact Energy operates over 11 power stations and serves around 625,000 connections (approximately 20% of New Zealand's electricity generation). They offer a range of products including electricity, gas, broadband, mobile, and solar to both individuals and businesses.  They’ve reported significant reductions in emissions and were the first electricity company in New Zealand to set emission reduction targets through the Science Based Target initiative (SBTi). Contact Energy has also set a net-zero emissions target for scope 1 and 2 by 2035.  While 19% of their energy generation still comes from natural gas, they are committed to the systematic retirement of baseload thermal generation assets and aim to have over 95% renewable energy generation by 2027. Contact Energy is clearly focused on a greener future for New Zealand, making them a standout in the renewable energy sector. 

SDG contribution

What are SDGs?

Affordable and clean energy

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50 Quay Street

50 Quay Street is a new build-to-rent development in Brisbane’s CBD.

50 Quay Street

50 Quay Street is a new build-to-rent development in Brisbane’s CBD that is setting out to address Brisbane's shortage of rental housing. The building includes an affordable allocation of up to 50% of the 475 units in the 32-storey development to be rented at a 25% discount to market rents, providing greater access to rental housing for eligible residents.

Investors are drawn to this mixed-income approach. Rentals generate long-term income, and government subsidies ensure high demand without affecting returns.  

Meanwhile, the project is designed to achieve a 5-Star Green Star rating and Net Zero certification once operational, demonstrating its commitment to environmental sustainability. 

The build-to-rent model adds housing supply without impacting home ownership. It offers flexible rental arrangements and a professional tenant experience, making it easier for people to find homes close to their jobs. 
Brisbane's need for rental housing is evident. The city's rental growth has pushed young families out of cities. This project, supported by government subsidies, provides stable income for investors and helps people find homes at a discount.

50 Quay Street is more than just a building; it represents a positive change for the community, showing that ethical investments can yield great returns and make a meaningful impact.   

Positive contribution

What is a positive contribution?