Balanced

January 23 2020

Strategic asset allocations

As at 25 January 2018
(asset allocation ranges are shown in brackets)

Australian shares 11.0% (5-25%)
International shares  16.0% (5-30%)
Private equity 0.0% (0-10%) 
Property 10.0% (5-15%)
Infrastructure 5.5% (0-10%)
Alternative strategies 7.5% (0-15%)
Multi-asset strategies 12.5% (0-25%)
Credit 10.0% (0-20%)
Sovereign Bonds 15.0% (5-40%)
Cash 12.5% (0-25%)
Suitability: This option may be suitable if you want a growth component in your investments to help protect capital against inflation, some income to smooth returns but can accept short term volatility of capital.
Objective* Accumulation Plan, Beneficiary Account & Working Income Stream: To provide a return of 2.5% p.a. after fees and taxes above the rate of inflation over a 10 year period.
Objective* Retirement Income Stream: To provide a return of 3.0% p.a. after fees above the rate of inflation over a 10 year period.
Minimum suggested
investment timeframe:		 10 years
Risk band#: 4 - MEDIUM
Estimated number
of negative
annual returns#:		 2 to less than 3 over any 20 year period

Investment Option Performance

Balanced
(period 1 July to 30 June)		 Crediting rate % p.a. 
Accumulation Plan Beneficiary Account Retirement Income Stream
2018/19 5.68 5.68 6.69
2017/18 6.49  6.49  7.27 
2016/17 7.46 7.46 8.59
2015/16 2.85 2.85 3.28
2014/15 6.56 6.56 7.41
2013/14 9.17 9.17 10.46
2012/13 10.13 10.13 11.73
2011/12 5.37 5.37 6.15
2010/11 8.49 8.49 9.91
3 years - compound average p.a. 6.54 6.54 7.51
5 years - compound average p.a. 5.79 5.79 6.63

Past performance is not a reliable indicator of future performance and should not be relied upon for making investment decisions.

 

* The investment objectives are not a promise or guarantee of any particular benefit. They represent a benchmark against which the Board monitors the performance of the investments of the Fund.

# The standard risk measure is based on industry guidance to allow members to compare investment options that are expected to deliver a similar number of negative annual returns over any 20 year period. The standard risk measure is not a complete assessment of all forms of investment risk, for instance it does not detail what the size of a negative return could be 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 the likelihood of a negative return. Members should still ensure they are comfortable with the risks and potential losses associated with their chosen investment option/s.