Investment Option: Growth (default)

From 1 July 2012
Suitability	This option may be suitable if you are most interested in long term capital growth and accept short term volatility of capital.
Objective	To provide a return of 4% p.a. (4.5% p.a. Income Streams) (after fees and taxes) above the rate of inflation over a 5 year period.
Growth assets to defensive assets	80% growth and 20% defensive (growth range 70-90%)
Target asset allocations as at 1 July 2012 (asset allocation ranges are shown in brackets)	Content goes here. Australian shares 18.0% (10-30%) Overseas shares1 24.0% (10-30%) Property 7.5% (2.5-12.5%) Alternative assets - growth 30.5% (25-45%) Fixed interest2 10.0% (0-20%) Alternative assets - defensive 5.0% (0-15%) Short term securities4 2.5% (0-15%) Cash 2.5% (0-15%)
Performance  (period 1 July to 30 June)	Accumulation Plan Crediting rate % p.a*	Beneficiary Account Crediting rate % p.a*	Income Streams Crediting rate % p.a*
2011/12	4.90	4.90	5.50
2010/11	9.57	9.57	11.13
2009/10	9.37	9.37	11.01
2008/09	-9.99	-10.29	-11.74
2007/08	-3.60	-3.95	-4.90
3 years – compound average p.a.	7.92	7.92	9.18
5 years – compound average p.a.	1.75	1.61	1.78
Minimum suggested  investment timeframe	5 years
Risk band#	4 – MEDIUM
Estimated number of negative  annual returns#	3 to less than 4 over any 20 year period#

1. A policy of maintaining a benchmark currency hedge of 50% applies to overseas shares. This may change from time to time as determined by the Emergency Services Superannuation Board (the Board).
2. A policy of maintaining a benchmark currency hedge of 100% applies to overseas fixed interest. This may change from time to time as determined by the Emergency Services Superannuation Board (the Board).
3. Invested 100% in cash, therefore range is not applicable.
4. Short-term securities includes higher yield securities, corporate debt securities and similar financial instruments which may fluctuate in value.
* Past performance is not a reliable indicator of future performance and should not be relied upon for making investment decisions.
# The standard risk measure is based on industry guidance so that members can compare investment options and periods of negative annual returns over a 20 year period. The standard risk measure is not a complete assessment of all forms of investment risk, for instance, it does not detail the likely size of a negative return or the potential for a positive return to be less than a member may require to meet their objectives. Further, it does not take into account the impact of administration fees and tax on a negative return. Members should still ensure they are comfortable with the risks and potential losses associated with chosen investment option/s.