Investment plan details: GESB Super Conservative plan

Medium risk

Estimated number of negative annual returns over any 20 year period is less than 4. See risk explained below

Return objective

Investment return objective of 2.0% p.a. above inflation over rolling 5 year periods

5 years

Conservative plan suited to members who have at least a 5 year investment time horizon

Fees

$316 per year in fees and other costs for a member with an account balance of $50,000

Change your plan

Change plan You can change your plan by logging into Member Online. Not sure if this is the right plan for you? Try our Selecting your investment plan tool.

Product dashboard: GESB Super Conservative plan

Return target

To achieve CPI* + 2.32% p.a. over rolling 10 year periods.

Level of investment risk

Medium risk (based on Standard Risk Measure bands).
Estimated number of negative annual returns over any 20-year period is less than 4.

Statement of fees and other costs

$316 per year in fees and other costs for a member with an account balance of $50,000⁺.

Returns for previous financial years

10 year average annual return of 3.97% as at 30 June 2025.

Year ending June 30 Return ^
2025 7.00%
2024 6.86%
2023 4.97%
2022 -4.18%
2021 8.00%
2020 0.28%
2019 5.31%
2018 4.74%
2017 5.13%
2016 2.23%

Comparison between return target and return
* Consumer Price Index.
The return target is the average annual return expected over the next 10 years. The return target is an estimate and is not guaranteed. The method to calculate the return target is prescribed by the Australian Prudential Regulation Authority (APRA) as a way of comparing different MySuper funds.
+ Statement of fees and other costs are based on fees over the 2024/25 financial year. It includes all investment and administration fees and expenses for an account balance of $50,000. For more information, see the GESB Super schedule of fees. You should read all the information about fees and costs, because it is important to understand their impact on your investments.
^ Returns are reported after factoring in the investment fees and costs, administration fees and applicable taxes, and are based on transactional prices. The investment fees and costs include all investment costs, transaction costs and any other underlying costs relating to your investment. Longer term returns are not available for the Sustainable Balanced option as it commenced on 27 September 2023. The returns shown here are different from those shown on other pages as they are based on a member with an account balance of $50,000 and are reported net of administration fees.
Our schemes are Exempt Public Sector Superannuation Schemes and are regulated by the WA State Government and not the Australian Government.
The State Government guarantees to pay every benefit payable under a scheme, including the accumulation, retirement and defined benefit schemes. This Benefit Payment Guarantee does not include investment market losses.
The performance of your investment plan is not guaranteed, and returns may move up or down depending on factors such as investment market conditions. Past performance should not be relied on as an indication of future performance.
Performance: GESB Super Conservative plan

Growth of $10,000 over time

Actual returns - financial year to date

5.54% As at 31/05/2026
For more information visit investment returns or unit prices.

Growth of $10,000 over time

The graph shows the value of $10,000 invested since 1 July 2016 in the GESB Super Conservative plan, when compared to the GESB Super Cash plan.

The growth in plan balances are net of investment fees and costs and applicable taxes only. Administration and account keeping fees have not been deducted.

Net investment returns by financial year

Net investment returns by financial year

The GESB Super Conservative plan invests predominately in defensive assets like Global Government bonds, Diversified Fixed Interest and Cash. It is designed for people who want some of their money invested in Shares and Property for an increased likelihood of achieving some growth, but who want seek fairly stable earnngs from year to year.

Both the Moving average return^ and Moving average return target^ are annualised returns over rolling 10 year periods. For years where the full 10 year data is not available, the Moving average return and Moving average return target, will not be shown.

For more information on this plan, refer to the GESB Super Product Information Booklet.
^ Returns are reported after factoring in the investment fees and costs, administration fees and applicable taxes, and are based on transactional prices. The investment fees and costs include all investment costs, transaction costs and any other underlying costs relating to your investment. Longer term returns are not available for the Sustainable Balanced option as it commenced on 27 September 2023. The returns shown here are different from those shown on other pages as they are based on a member with an account balance of $50,000 and are reported net of administration fees.
The return target is the average annual return expected over the next 10 years. The return target is an estimate and is not guaranteed. The method to calculate the return target is prescribed by the Australian Prudential Regulation Authority (APRA) as a way of comparing different MySuper funds.
Our schemes are Exempt Public Sector Superannuation Schemes and are regulated by the WA State Government and not the Australian Government.
The performance of your investment plan is not guaranteed, and returns may move up or down depending on factors such as investment market conditions. Past performance should not be relied on as an indication of future performance.
Risk explained
What risk means for your super
No investment can ever be guaranteed to perform well. The nature of investing means there’s always the potential for your investment to lose value from year to year.
Over the long term, you can think of risk as the chance that the rate of return on your investments might not be enough to provide you with the income you’ll need in retirement.
The appropriate level of risk for you will depend on your age, how long you’re investing for, what other assets you might have outside super and how they are invested, and how comfortable you are with the possibility of losing some of your investment in some years.
Consider how long you’ll need to invest
When choosing your investment plan, the amount of time you want to invest for may impact how much risk you’re willing to take. You don’t need to choose the best performing investment plan. You need the one that best suits your investment personality and your goals.
Risk and return are closely related
Generally speaking, the higher the potential return from an asset over time, the higher the potential risk.
The Association of Superannuation Funds of Australia (ASFA) and the Financial Services Council have created the Standard Risk Measure to help members compare the potential risk of various investment plans.
Readymade plans for GESB Super
Shown below are the Readymade and Mix Your plans for GESB Super, and where they sit on the risk scale compared to each other. The plans are positioned on the chart based on their risk level.
You can see that the Readymade Growth plan is lower risk than Mix Your plan Australian Shares. That’s because the Growth plan also includes assets like Investment Grade Bonds and Cash which bring the risk down. The combination of high risk and low risk assets set the risk level for each Readymade plan.
Risk scale for GESB Super investment plans

Growth

My GESB Super

Sustainable Balanced

Balanced

Conservative

Australian Shares

International Shares

Property

Fixed Interest

Cash

Very high risk

High risk

Medium to high risk

Medium risk

Low to medium risk

Low risk

Very low risk

For more information on investment risk, please refer to the GESB Super Product Information Booklet or Investment choice brochure.
Investment mix: GESB Super Conservative plan
GESB invests your super across a range of asset classes as shown in the graph below. The Strategic Asset Allocation primarily influences the expected investment risk and return for each investment option.
The Strategic Asset Allocation is designed to achieve the long-term investment return objective for each investment option.
The below investment mix represents the actual asset allocation for the selected plan as at 28 February 2026.
Graph showing what assets this plan is invested in. The X axis shows percentage of allocation graphically. The Y axis shows the asset class type and displays the target percentage numerically.
- Australian Shares
  
  10%
- International Shares
  
  15%
- Property^
  
  2%
- Infrastructure^
  
  4%
- Medium Risk Alternatives^
  
  5%
- Investment Grade Bonds
  
  25%
- Defensive Alternatives
  
  17%
- Cash
  
  22%
- - 0%
  - 25%
  - 50%
  - 75%
  - 100%
- Asset type:
- Growth
- Defensive
- Part Growth and Defensive
The above investment mix is updated monthly and represents the mix for the actual allocation for your plan. It may differ from the Strategic Asset Allocation (SAA) – our long-term target for allocating assets between asset classes – for our plans. Asset classes with a zero allocation are not displayed.
The Asset Allocation to Property includes listed and unlisted investments.
^ The Growth/Defensive split is the target allocation mix of Growth and Defensive assets. Some asset classes such as Infrastructure, Medium Risk Alternatives and Property are classified as part Growth and part Defensive. These asset class mixes are taken into consideration when calculating the overall plan's Growth/Defensive split.
Investment managers
We employ a diversified group of external investment managers to invest your funds. We typically have multiple investment managers in each asset class to mitigate the risk of having a concentrated exposure to a particular investment manager or investment style.
- Investment Managers
  - How we work with investment managers
    How we work with investment managers
    Investing in Australia and overseas is complex - so we use professional investment managers.
    Our investment managers specialise in buying, selling and analysing specific types of investments, or asset classes.
    Our investment managers decide which assets to buy and sell
    Our investment managers buy and sell assets on our behalf. For example, our investment managers for Australian Shares work within our risk guidelines to decide which companies to buy and sell Shares in, and then place orders for those Shares.
    We usually have more than one investment manager for each asset type
    This approach means we can use the skills of a range of investment managers based globally, without concentrated influence from a particular manager or investment style. It allows us to maintain a balance of assets across a range of investment managers, which helps us achieve our long-term investment goals.
    Our asset consultant recommends investment managers
    Our asset consultant has an in-depth understanding of investment markets and uses a thorough, detailed process to find the right investment managers. Our asset consultant looks for the investment managers which have defined investment approaches and are most likely to help us achieve long-term returns.
    We regularly review our choice of investment managers. We check their risk and return profiles and make sure they meet our expectations.
    For more information see our investment governance statement and approach to responsible investing.
    The WA State Government plays a role
    Under the State Superannuation Act 2000, the State Treasurer needs to approve:
    Prudential guidelines for investments that cover the kind of investments that the Board can make
    How we appoint investment managers
    The regulations that affect the financial rights and obligations of the Crown
    Learn more about our investment managers
    We’ve listed the investment managers we use for each asset class. Find out more about each investment manager, including an interesting fast fact.
- Australian Shares
  - Northcape Capital
    
    Northcape Capital
    Fast fact:
    Northcape specialises in managing high-conviction portfolios of quality Australian companies. Through rigorous fundamental research, it selects businesses with strong balance sheets, proven management, attractive growth prospects, and durable competitive advantages to build a style-agnostic portfolio that delivers consistent alpha generation.
    Mandate:
    To manage an active portfolio of Australian equities.
  - Pendal
    
    Pendal Institutional Limited
    Fast fact:
    Pendal’s Australian Equity portfolios are managed in a ‘core’ investment style. This enables Pendal to deliver consistent outperformance, regardless of market trends, through active stock selection and company research.
    Mandate:
    To manage an active portfolio of Australian equities.
  - Perpetual
    
    Perpetual Investment Management Limited
    Fast fact:
    Perpetual Investment Management Limited adopts an investment style based on bottom-up fundamental analysis, seeking quality companies with sound management, conservative debt levels, recurring earnings and a quality business.
    Mandate:
    To manage an active portfolio of Australian Equities.
  - Solaris
    
    Solaris Investment Management Limited
    Fast fact:
    The empowered analyst model is designed to produce long-term consistent 'alpha' generation with crystal clear performance attribution. Solaris is a 'bottom up', style-neutral Australian Equity manager that designates analysts to be the portfolio manager for their sector.
    Mandate:
    To manage an active portfolio of Australian equities.
  - Spheria
    
    Spheria Asset Management Pty Ltd
    Fast fact:
    Spheria Asset Management Pty Limited (Spheria) has developed a leading-edge technology system that allows it to efficiently review and analyse a company’s financial history using data from third-party providers. This provides Spheria with a consistent template to model listed companies in Australia, New Zealand and many international markets.
    Mandate:
    To manage an active portfolio of Australian small to medium-sized capitalisation equities.
  - Vinva
    
    Vinva Investment Management Limited
    Fast fact:
    Vinva is a quantitative style manager.
    Mandate:
    To manage an active portfolio of Australian equities.
- International Shares
  - BlackRock
    
    BlackRock Investment Management (Australia) Limited
    Fast fact:
    BlackRock’s purpose is to help more and more people experience financial wellbeing. As a fiduciary to investors and a leading provider of financial technology, they help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.
    Mandate:
    To manage indexed portfolios of global equities.
  - C Worldwide
    
    C Worldwide Asset Management
    Fast fact:
    C Worldwide Asset Management (CAM) refers to their investment approach as trend-based stock picking. It is a trend/theme influenced top-down framework combined with a bottom-up stock-picking approach.
    Mandate:
    To manage an active portfolio of global Equities.
  - Causeway Capital
    
    Causeway Capital Management LLC
    Fast fact:
    All of Causeway's strategies are managed through a fusion of fundamental and quantitative research disciplines.
    Mandate:
    To manage an active portfolio of global Equities.
  - Mesirow Financial
    
    Mesirow Financial Investment Management, Inc.
    Fast fact:
    Mesirow Financial is a leading, independent currency specialist, delivering customised risk management solutions to institutional clients globally since 1990.
    Mandate:
    To manage a passive currency hedge over GESB's international Equity portfolio.
  - Ninety One
    
    Ninety One
    Fast fact:
    Ninety One is a specialist investment manager.
    Mandate:
    To manage an active portfolio of emerging market Equities.
  - Schroders
    
    Schroder Investment Management Limited (Schroders)
    Fast fact:
    Schroders is a quantitative-value and quality-style manager.
    Mandate:
    To manage an active portfolio of Global Equities.
  - Vinva
    
    Vinva Investment Management Limited
    Fast fact:
    Vinva is a quantitative-style manager.
    Mandate:
    To manage an active portfolio of global equities.
- Private Equity
  - Mesirow Financial
    
    Mesirow Financial Investment Management, Inc.
    Fast fact:
    Mesirow Financial is a leading, independent currency specialist, delivering customised risk management solutions to institutional clients globally since 1990.
    Mandate:
    To manage a passive currency hedge over GESB's international Equity portfolio.
  - StepStone Group
    
    StepStone Group, LP
    Fast fact:
    StepStone Group covers the global private markets across multiple sectors and operates from 24 offices in 15 countries.
    Mandate:
    To manage a global Private Equity portfolio.
- Property
  - Aberdeen Investments
    
    Aberdeen Investments
    Fast fact:
    Aberdeen Investments has GBP43.2 billion under management in real estate, investing in 22 countries, with a focus on environmental, social and governance (ESG).
    Mandate:
    To manage a portfolio of European Unlisted Property assets.
  - BlackRock
    
    BlackRock Investment Management (Australia) Limited
    Fast fact:
    BlackRock’s purpose is to help more and more people experience financial wellbeing. As a fiduciary to investors and a leading provider of financial technology, they help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.
    Mandate:
    To manage an indexed portfolio of global listed property securities.
  - Charter Hall
    
    Charter Hall Investment Management Limited
    Fast fact:
    As of 31 December 2022, Charter Hall had more than $3 billion invested alongside their capital partners, because they believe that fundamental to long-term success, is mutual success.
    Mandate:
    To manage a portfolio of domestic Unlisted Property assets.
  - Dexus
    
    Dexus Capital Funds Management Limited
    Fast fact:
    Dexus is a leading, fully integrated real asset group, managing a high-quality Australasian real estate and infrastructure portfolio valued at $61 billion.
    Mandate:
    To manage a portfolio of assets in the Unlisted Retail Property sector.
  - GPT
    
    GPT Funds Management Limited
    Fast fact:
    The GPT Group (GPT) was Australia’s first property trust when it listed on the Australian Securities Exchange in 1971.
    Mandate:
    To manage a portfolio in the Unlisted Office Property sector.
  - Invesco
    
    Invesco Australia Limited
    Fast fact:
    Invesco is an independent firm, solely focused on investment management. They direct all their intellectual capital, global strength and operational stability towards helping investors achieve their long-term financial objectives.
    Mandate:
    To manage a portfolio of US core, Unlisted Real Estate assets.
  - Lendlease
    
    Lendlease Investment Management (Australia) Pty Limited
    Fast fact:
    Lendlease’s Australian funds management platform is a leader in sustainability and each of its flagship funds has a responsible Property investment strategy in place.
    Mandate:
    To manage a portfolio of assets in the Unlisted Retail and Office Property sectors.
  - Mesirow Financial
    
    Mesirow Financial Investment Management, Inc.
    Fast fact:
    Mesirow Financial is a leading, independent currency specialist, delivering customised risk management solutions to institutional clients globally since 1990.
    Mandate:
    To manage a passive currency hedge over GESB's international Equity portfolio.
  - Patrizia
    
    PATRIZIA Property Investment Managers LLP
    Fast fact:
    PATRIZIA is the leading global partner for pan-European real estate investment.
    Mandate:
    To manage a portfolio of UK Unlisted Property assets.
  - QIC Limited
    
    QIC Limited
    Fast fact:
    QIC is a Queensland Government-owned corporation.
    Mandate:
    To manage a portfolio of assets predominantly in the unlisted retail sector.
  - Resolution Capital
    
    Resolution Capital Limited
    Fast fact:
    Resolution Capital adopts a multi-portfolio manager approach for its portfolio construction.
    Mandate:
    To manage a diversified portfolio of global Listed Property securities.
- Infrastructure
  - BlackRock
    
    BlackRock Investment Management (Australia) Limited
    Fast fact:
    BlackRock’s purpose is to help more and more people experience financial wellbeing. As a fiduciary to investors and a leading provider of financial technology, they help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.
    Mandate:
    To manage an indexed portfolio of global listed infrastructure securities.
  - Brookfield
    
    Brookfield Asset Management
    Fast fact:
    Brookfield Asset Management invests in high quality businesses that form the backbone of the global economy.
    Mandate:
    To manage a portfolio of global, unlisted infrastructure assets.
  - ClearBridge
    
    ClearBridge Investments Limited
    Fast fact:
    ClearBridge’s infrastructure team are infrastructure specialists managing funds, not fund managers managing infrastructure.
    Mandate:
    To manage an active portfolio of globally listed infrastructure securities.
  - IFM
    
    IFM Investors Pty Ltd
    Fast fact:
    IFM invests on behalf of many Australian super funds with members collectively representing more than half of all Australian workers.
    Mandate:
    To manage a portfolio of global, unlisted infrastructure assets.
  - Mesirow Financial
    
    Mesirow Financial Investment Management, Inc.
    Fast fact:
    Mesirow Financial is a leading, independent currency specialist, delivering customised risk management solutions to institutional clients globally since 1990.
    Mandate:
    To manage a passive currency hedge over GESB's international Equity portfolio.
  - Morrison
    
    Morrison
    Fast fact:
    Morrison is one of the world's longest standing, highest performing infrastructure investors. Morrison applies its specialist investment approach, refined over multiple decades and economic cycles, to invest in infrastructure for the modern economy.
    Mandate:
    To manage a portfolio of global, unlisted infrastructure assets.
- Medium Risk Alternatives
  - Bain Capital
    
    Bain Capital Credit, LP
    Fast fact:
    Bain Capital Credit is a specialist high yield credit manager.
    Mandate:
    To manage an active portfolio of high yield credit securities.
  - BlackRock
    
    BlackRock Investment Management (Australia) Limited
    Fast fact:
    BlackRock’s purpose is to help more and more people experience financial wellbeing. As a fiduciary to investors and a leading provider of financial technology, they help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.
    Mandate:
    To manage a multi-strategy absolute return fund.
  - Challenger
    
    Challenger Investment Management
    Fast fact:
    Challenger Investment Management Fixed Income specialises in Australian private and public credit.
    Mandate:
    To manage an Australian, private credit portfolio.
  - RenaissanceRe
    
    RenaissanceRe Fund Management Ltd
    Fast fact:
    RenaissanceRe is a global provider of reinsurance and insurance. RenaissanceRe’s Capital Partners team offers investment opportunities in insurance-linked instruments that have low correlation to the broader securities market.
    Mandate:
    To manage a diversified portfolio of insurance-linked securities.
  - Schroders
    
    Schroder Investment Management Australia Limited (Schroders)
    Fast fact:
    Schroders specialise in asset management.
    Mandate:
    To manage a diversified portfolio of securities and asset classes with an inflation plus four to five percent return objective.
- Investment Grade Bonds
  - Macquarie
    
    Macquarie Investment Management Global Limited
    Fast fact:
    Macquarie is one of the largest Fixed Interest managers in the Australian market.
    Mandate:
    To manage an active portfolio of Australian Investment Grade Government Bonds and Credit Securities.
  - PIMCO
    
    PIMCO Australia Pty Ltd (PIMCO)
    Fast fact:
    PIMCO is one of the world’s premier Fixed Income investment managers.
    Mandate:
    To actively manage a portfolio of investment-grade global Government Bonds and global Credit Securities.
  - Wellington
    
    Wellington Management Company, LLP
    Fast fact:
    Wellington is one of the world's largest independent investment management firms.
    Mandate:
    To manage an active portfolio of investment grade global government bonds and credit securities.
- Defensive Alternatives
  - Ardea
    
    Ardea Investment Management
    Fast fact:
    Ardea is a Fixed Income manager specialising in pure ‘relative value’ strategies.
    Mandate:
    To manage a portfolio of primarily government, Fixed Income securities that are rated investment grade.
  - Coolabah Capital
    
    Coolabah Capital Institutional Investments Pty Ltd
    Fast fact:
    Coolabah has one of the largest investment teams in Australian investment-grade credit.
    Mandate:
    To manage an active portfolio of Australian and global Investment Grade Government Bonds and Credit Securities.
  - Daintree
    
    Daintree Capital Management Pty Ltd
    Fast fact:
    Founded in 2017, Daintree has become one of the fastest growing Australian Fixed Income boutiques.
    Mandate:
    To manage an absolute return portfolio of primarily investment-grade, Fixed Income securities.
  - Jamieson Coote Bonds
    
    Jamieson Coote Bonds
    Fast fact:
    Jamieson Coote Bonds is a Fixed Income manager specialising in domestic and global Government Bonds.
    Mandate:
    To manage an absolute-return portfolio of high-grade global Fixed Income securities.
  - Kapstream
    
    Kapstream Pty Ltd
    Fast fact:
    Kapstream's founders previously worked for PIMCO Australia.
    Mandate:
    To manage an absolute-return portfolio of primarily investment-grade Fixed Income securities.
- Cash
  - First Sentier Investors
    
    First Sentier Investors
    Fast fact:
    First Sentier Investors is a standalone global investment management business, part of Mitsubishi UFJ Trust and Banking Corporation (MUTB), a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc.
    Mandate:
    To manage an active portfolio of cash securities.
  - Macquarie
    
    Macquarie Investment Management Global Limited
    Fast fact:
    Macquarie is one of the largest Fixed Interest managers in the Australian market.
    Mandate:
    To manage an active portfolio of cash securities.
- Other
Fees: GESB Super Conservative plan
Total fees per year
0.50% + $66

Account keeping fees
$66

Administration fee
0.16%

Estimated investment fees and costs
0.34%
For example

Total fees and other costs per year for an account balance of $50,000:

Account keeping fee$66

Administration fee$80

Estimated investment fees and costs$170

Total estimated annual fee$316

Account keeping fee explained

This is the fixed amount each year to manage your account

It's an account keeping fee of $66 per annum or $5.50 per month

Administration fee explained

This is the administration cost charged each year to manage your account

0.16% per annum of your account balance deducted monthly

Estimated investment fees and costs explained

The estimated investment fees and costs include all the investment costs and any other costs that relate to your investment

This cost is not charged to you as a fee. It is deducted from investment returns before earnings are applied to your account

It is charged as an annual percentage fee, which covers the cost of managing the fund’s investments including amounts allocated to risk reserves

The cost of managing different investments varies, so the fee is different for each investment plan. For example, investment costs for the Cash plan or Conservative plan will be lower than those for a Growth plan. This is because growth assets are typically more complex and expensive to manage, with higher transaction costs
Statement of fees and other costs are based on fees over the 2024/25 financial year. It includes all investment and administration fees and expenses for an account balance of $50,000. For more information, see the GESB Super schedule of fees. You should read all the information about fees and costs, because it is important to understand their impact on your investments.

Our investment fees and costs are not fixed, and are reviewed periodically and adjusted to reflect the most recent expenses related to your investments. The actual investment fees and costs can only be determined at the end of each financial year. This is estimated to be between 0.06% p.a. and 0.53% p.a. of the value of your investments, depending on your choice of investment options. This percentage is deducted from the fund's assets before the daily unit price is calculated. Please note, the investment fees and costs percentage includes any costs relating to transaction costs.

Many super funds charge a buy/sell spread when switching between investment options. These are transaction costs to cover expenses such as brokerage and stamp duty that is incurred when buying and selling units. We do not currently charge a buy/sell spread when switching between investment options.

Year ending June 30	Return ^
2025	7.00%
2024	6.86%
2023	4.97%
2022	-4.18%
2021	8.00%
2020	0.28%
2019	5.31%
2018	4.74%
2017	5.13%
2016	2.23%

Thank you for printing this page. Remember to come back to gesb.wa.gov.au for the latest information as our content is updated regularly. This information is correct as at 16 September 2025.

Investment plan details: GESB Super Conservative plan

Medium risk

Return objective

5 years

Fees

Change your plan

Product dashboard: GESB Super Conservative plan

Return target

Level of investment risk

Statement of fees and other costs

Returns for previous financial years

Comparison between return target and return

Performance: GESB Super Conservative plan

Growth of $10,000 over time

Actual returns - financial year to date

Growth of $10,000 over time

Net investment returns by financial year

Net investment returns by financial year

Risk explained

What risk means for your super

Consider how long you’ll need to invest

Risk and return are closely related

Readymade plans for GESB Super

Risk scale for GESB Super investment plans

Investment mix: GESB Super Conservative plan

Investment managers

How we work with investment managers

Our investment managers decide which assets to buy and sell

We usually have more than one investment manager for each asset type

Our asset consultant recommends investment managers

The WA State Government plays a role

Learn more about our investment managers

Northcape Capital

Pendal Institutional Limited

Perpetual Investment Management Limited

Solaris Investment Management Limited

Spheria Asset Management Pty Ltd

Vinva Investment Management Limited

BlackRock Investment Management (Australia) Limited

C Worldwide Asset Management

Causeway Capital Management LLC

Mesirow Financial Investment Management, Inc.

Ninety One

Schroder Investment Management Limited (Schroders)

Vinva Investment Management Limited

Mesirow Financial Investment Management, Inc.

StepStone Group, LP

Aberdeen Investments

BlackRock Investment Management (Australia) Limited

Charter Hall Investment Management Limited

Dexus Capital Funds Management Limited

GPT Funds Management Limited

Invesco Australia Limited

Lendlease Investment Management (Australia) Pty Limited

Mesirow Financial Investment Management, Inc.

PATRIZIA Property Investment Managers LLP

QIC Limited

Resolution Capital Limited

BlackRock Investment Management (Australia) Limited

Brookfield Asset Management

ClearBridge Investments Limited

IFM Investors Pty Ltd

Mesirow Financial Investment Management, Inc.

Morrison

Bain Capital Credit, LP

BlackRock Investment Management (Australia) Limited

Challenger Investment Management

RenaissanceRe Fund Management Ltd

Schroder Investment Management Australia Limited (Schroders)

Macquarie Investment Management Global Limited

PIMCO Australia Pty Ltd (PIMCO)

Wellington Management Company, LLP

Ardea Investment Management

Coolabah Capital Institutional Investments Pty Ltd

Daintree Capital Management Pty Ltd

Jamieson Coote Bonds

Kapstream Pty Ltd

First Sentier Investors

Macquarie Investment Management Global Limited

Pendal Institutional Limited