Vision Super to close Diversified Bonds option

Vision Super is shutting its $24.5 million Diversified Bonds investment option due to low member demand.

As at December 2025, the option represented less than 0.08% of total funds under management, Vision Super said, adding the trustee regularly reviews investment options to ensure they remain cost-effective, promote member outcomes and are appropriate for members.

"While our Diversified Bonds investment option has been available for a long period, member appetite for this option has been low relative to our other investment options," the super fund told members.

"The trustee considers the Cash investment option to be an appropriate replacement investment strategy for the Diversified Bonds option, taking into account its return and risk profile."

Portfolio holdings at the end of 2025 show that Amundi Singapore is the external fund manager overseeing the vast majority of the Diversified Bonds' assets.

Half of the Diversified Bonds option tracks the Bloomberg Ausbond Composite All Maturities Bond Index, while the other half tracks the 50% Bloomberg Global Treasury Index (hedged in AUD).

The Diversified Bonds option aimed to outperform its benchmarks over rolling five-year periods.

It targeted members who want greater stability of return and lower medium-term returns than the Balanced Growth option.

The Cash option on the other hand aims to outperform the Bloomberg Ausbond Bank Bill Index over rolling three-year periods.

The option will officially close on June 4.

Members who do not actively change to another option will automatically be invested in the Cash option on that date.

Vision Super recently appointed Jonathan Stagg as its new head of unlisted assets.

Stagg came from Zenith Investment Partners, which he joined in November 2023 as part of the real assets research team. He was also at Industry Superannuation Property Trust and Frontier Advisers.