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We focus on investing for the long term and choose a diverse range of value for money investments, an approach that considers both risk and reward.

Our Investment team works with high quality investment managers around the world to invest the assets held by Qantas Super on your behalf. Details of our investment managers are included in Qantas Super’s Annual Report.

What your money is invested in

A critical element of Qantas Super’s investment strategy is making sure our members are invested across a diversified range of asset classes to ensure we achieve the appropriate balance between risk and returns.

As at 31 March 2024, Qantas Super manages $9 billion of our members’ money, invested across a range of asset classes including Listed Equities, Private Equity, Real Assets, Alternatives, Fixed Interest and Cash.

Listed Equities

Equities (or shares) represent a share of the ownership of companies through listed exchanges, such as the Australian Securities Exchange (ASX). Their return is derived from dividends paid to shareholders from company profits, and from changes to the share price. Equities are considered to be growth assets. Qantas Super invests in both Australian and Global Equities, which means you own part of a whole range of companies like Apple and Microsoft.

Private Equity

Private Equity is where our members have exposure to companies that have not been listed on a public exchange. Qantas Super invests in Private Equity through strong relationships with specialised private equity managers, who invest in companies they believe have value and can be improved, with a view to ultimately selling them or taking them public. These are also considered to be growth assets.

Other Alternatives

The Alternatives asset class captures a broad range of investments that don’t fall into conventional investment categories. That means they can be thought of as providing an ‘alternate’ approach, for example commodities like metals and energy resources. Their returns can be derived from a combination of dividends, distributions and interest, plus changes in the capital values of the assets. Alternative assets can also consist of both growth assets and defensive assets.

Fixed Interest

Fixed interest investments or bonds are issued by public organisations and companies. Generally, Fixed Interest exposures are considered a defensive asset class, offering steady income and capital security. Qantas Super invests in a range of fixed interest investments including government bonds, corporate bonds, emerging market debt, private debt and loans. Qantas Super also invests in actively managed fixed interest strategies where the aim is to achieve a real return greater than cash.

Cash

Cash investments are short term money market ‘instruments’. These may include cash or cash equivalent investments and term deposits placed with financial institutions, such as banks, which pay interest on these amounts. Cash investments are generally ‘on-call’, which means they can be accessed at any time, however returns may be lower than from other asset classes. Cash is also considered a defensive asset.

Real Assets

Real Assets are tangible investments, such as our investments in property, infrastructure and agriculture, that derive their value through their physical properties. Returns for Real Assets can come from increases in asset value, transformation, and development of the asset as well as income from rent or business. Real Assets can be growth or defensive oriented.

Depending which option, or options, you are invested in, the mix of asset classes will vary.

Things we don’t invest in

Regardless of the asset class, Qantas Super believes that the management of environmental, social and governance (ESG) factors can influence investment risks, returns and reputation and there are some types of investments that we exclude* from our portfolio. These 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 (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.

*The implementation of these exclusions may be affected by the accessibility 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 is dependent on a number of factors including liquidity and market conditions.

*Exclusions do not apply to derivatives (for example, where we hold derivatives to get exposure to a broad equity market) and can not be applied with certainty to pooled vehicles (for example, where we invest into a managed fund or exchange-traded fund (ETF)), and therefore, Qantas Super could have indirect exposures to excluded investments at certain points of time.

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

Our commitment to ESG

A sustainable and responsible 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. 

Some of our considerations include: 

Climate change

Qantas Super has a long-term ambition to achieve net zero carbon emissions by 2050, and from an investment perspective we recognise both the risks and the opportunities created by climate change. Examples of financial risks include physical risks, such as extreme weather events, and transition risks, such as policy changes. Examples of opportunities include investing in renewable energy and decarbonisation technologies. 

It’s a long way to 2050, so we’ve set an interim target of a 45% reduction in Financed Emissions Intensity (Scope 1 and 2) across our investment portfolio by 2030, from a 30 June 2023 baseline. This is in addition to the 50% reduction in the Financed Emissions Intensity of our Australian and global listed equities portfolio already achieved from 2020 to 2023. 

Financed Emissions Intensity is calculated as tCO2e/$M (tons of carbon emissions per million dollars invested) and allows us to compare within and between portfolios. It is one of several climate-related metrics that we measure annually across our portfolio to monitor progress.  

Modern slavery

Qantas Super recognises that, unfortunately, modern slavery practices could potentially exist in our business operations, supply chains and investment portfolio. In turn, we are committed to the continuous improvement of our modern slavery risk assessment approach and associated actions. You can read more about this in our annual Modern Slavery Statement.

Proxy voting

Qantas Super has a relationship with Institutional Shareholder Services Inc. (ISS) who provide proxy voting services for our listed Australian and global equity holdings. ISS’s Sustainability Voting Policy aims to follow corporate governance best practices to safeguard shareholder capital, and predominantly considers the environmental and social impacts of management and shareholder proposals, when casting each vote. 

Investing for positive environmental and social outcomes

As a member of Qantas Super, you are a part owner of a wide range of businesses and other assets, across multiple countries and in all key sectors of the global economy; for example, we invest in professional and financial services, energy, food, beverage and agriculture, materials, infrastructure and more. 

Learn about the difference your super savings are making in the community today, on their way to helping you in your retirement tomorrow.  

Here are some examples. 

RFC Ambrian

With decarbonisation of the global economy front of mind, Qantas Super has partnered with RFC Ambrian, an adviser focused on investing in the natural resources, energy, and heavy industrial sectors. This partnership has a dedicated lens to decarbonisation technology, which focuses on the raw materials that will be needed as we ‘electrify the world’. As a Qantas Super member, through our partnership with RFC Ambrian, you are currently invested in: 

  • Hadean Energy – a hydrogen and other green fuel electrolyser technology business, producing the building blocks essential for Sustainable Aviation Fuel (SAF) and industrial decarbonisation;
  • NextOre – an advanced ore sensing and sorting technology business that can markedly improve the operational efficiency, and reduce the environmental footprint, of critical minerals mines; and 
  • Gaia Envirotech – a novel modular organic waste and renewable bioenergy company providing circular, negative emission solutions to the agriculture, food and waste sectors.

Gaia’s modular Anaerobic Digestor: turning cow manure into renewable biogas, fertiliser, inert digestate and negative GHG emissions.

GO.FARM

GO.FARM is one of Qantas Super’s investment managers in agriculture (Real Assets), focused on transforming Australian agriculture to leave the land materially better than they found it, while also seeking to positively impact surrounding communities and generating returns for their investors.

GO.FARM is committed to sustainable agricultural stewardship and is delivering positive outcomes for soil health and fertility, water resource conservation, crop health protection, energy consumption, waste management and biodiversity. Their farms predominantly produce fruits, vegetables, tree nuts and grains.

GO.FARM is also creating long term jobs in rural and regional areas, procuring local goods and services, and helping develop the next generation of agricultural leaders for Australia. 

You can learn more about our investment here.

GO.FARM’s Sandmount Farms: climate-smart horticultural development growing almonds, citrus and vegetables. 

Inspire Impact

Qantas Super has been working in partnership with Inspire Impact since 2021, an organisation that seeks to invest in businesses and projects that positively and measurably impact the society and environment in which we all live.  As a Qantas Super member, your money is currently supporting investments that contribute to the United Nations Sustainable Development Goals (SDGs) such as: 

  • Mint Innovation – recycles electronic waste to recover metals like gold and copper through a world first, patented, highly energy and water efficient process, meaning these critical ‘green’ metals can be reused time and time again in the circular economy;
  • academyEX – produces innovative learning outcomes that build relevant skills and capabilities to match the requirements of a rapidly changing world, with programmes ranging from postgraduate-level micro-credentials and master’s degrees through to customised programmes for large corporate and government clients, specialising in contemporary technology, education and sustainability; and
  • Disability Housing Fund IV – delivers high-quality, purpose-built specialist disability accommodation (SDA) to provide Australians with disability with more choice and control over where and how they live.  

Mint’s biorefinery: sustainably extracting circular green metals from waste at scale.

Further examples of investments that contribute to the UN Sustainable Development Goals (SDGs) include: 

  • Longreach Maris – invests into and manages a diversified portfolio of sustainable fishing quota, also known as Individual Transferrable Quota (ITQ), to provide secure domestic ownership of ITQs and ensure long-term ITQ security for Australian fishers, their regional fishing communities and wild-caught seafood businesses, including actively supporting Indigenous fishers to participate in the commercial seafood industry through their First Nations Fishing Initiative. You can learn more about our investment here.
  • Taronga Ventures – invests in global emerging built environment technologies that deliver positive outcomes like reduced carbon emissions and enhanced health and safety, such as shared rooftop solar, radar sensors for health monitoring, 3D building assessments from drone-captured imagery, advanced water leak detection and sustainable concrete. You can learn more about our investment here
  • For Purpose Investment Partners – exists to generate positive social outcomes in areas of significant need, including aged care; with a focus on quality and inclusion they are delivering a better version of aged care for Australians and in so doing, aim to transform the aged care sector. You can learn more about our investment here. 
What we invest in

View our top holdings.

How we've performed

Find out how our investment options have performed over time and against the objectives we’ve set

How we stack up

See how Qantas Super compares to other super providers