Important information about your Qantas Super

Here at Qantas Super, we believe that the management of environmental, social, and governance (ESG) factors can influence investment risks and returns. We believe that a sustainable approach to investing is expected to contribute to Qantas Super meeting its investment mission of delivering long term investment outcomes that best meet the retirement needs of members.

This means there are some types of investments that we choose to exclude from our portfolio. We have recently updated the types of investments we exclude, which are:

• Companies directly involved in the manufacture of cluster munition, anti-personnel mine, biological, chemical, blinding laser, non-detectible fragments, incendiary (white phosphorus) or nuclear whole weapon systems (the exclusion does not apply to delivery systems);
• Companies directly involved in the manufacture of components developed or significantly modified for exclusive use in those weapons;
• Tobacco product manufacturers (such as cigarettes, cigars and e-cigarettes, but the exclusion does not apply to suppliers to the manufacturers such as packaging for tobacco products); and
• Companies that derive more than 20 per cent of their revenue from the mining of thermal coal and its sale to external parties.

It’s important to note that the implementation of these exclusions may be affected by the accessibility, coverage and accuracy of data from external providers. We regularly monitor these exclusions, and in the event an excluded investment is identified, the investment manager will be instructed to dispose of the holding as soon as practicable.

The timing of the disposal will be dependent on a number of factors, including liquidity and market conditions.

In addition, exclusions do not apply to derivatives (for example, where we hold derivatives to get exposure to a broad equity market) and cannot be applied with certainty to pooled vehicles (for example, where we invest into a managed fund or exchange-traded fund). As a result, Qantas Super may have some exposure to excluded investments.

You can learn more about our exclusions and the way we invest in our Investment Guide, available here. You can also take a look at our portfolio holdings here.

Qantas Super puts in place investment objectives that set out the returns that we aim to achieve. Effective 30 June 2024, we’ve updated the Cash option’s objective to achieve a return after tax and investment fees equal to the Bloomberg AusBond Bank Bill index (net of tax), over a rolling one-year period.

The change is to include the words ‘net of tax’ in the objective, to ensure the objective takes into account the tax that superannuation returns are subject to.

As a result of this change, the Cash option objective now aligns to how Qantas Super’s other investment option objectives incorporate superannuation tax.

You don’t need to do anything. If you are currently invested in our Cash option, the change to the investment objective will not change how the option performs.