Growth (default option)

April 05 2020

Strategic asset allocations

As at 1 April 2020
(asset allocation ranges are shown in brackets)

Australian shares 19.0% (5-30%)
International shares 24% (10-40%)
Private equity 0.0% (0-10%) 
Property 10.0% (5-15%)
Infrastructure 10% (0-15%)
Alternative strategies 6.5% (0-15%)
Multi-asset strategies 4% (0-25%)
Credit 13.5% (0-30%)
Sovereign Bonds 8.5% (0-20%)
Cash 4.5% (0-15%)
Suitability: This option may be suitable if you are most interested in long term capital growth and can accept short term volatility of capital.
Objective* Accumulation Plan, Beneficiary Account & Working Income Stream: To provide a return of 3.5% 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 4.0% p.a. after fees above the rate of inflation over a 10 year period.
Minimum suggested
investment timeframe:		 10 years
Risk band#: 5 - MEDIUM to HIGH
Estimated number
of negative
annual returns#:		 3 to less than 4 over any 20 year period

Investment Option Performance

Growth
(period 1 July to 30 June)		 Crediting rate % p.a. 
Accumulation Plan Beneficiary Account Retirement Income Stream
2018/19 6.47 6.47 7.59
2017/18 8.13  8.13 9.07
2016/17 9.65 9.65 11.08
2015/16 2.53 2.53 2.86
2014/15 8.24 8.24 9.29
2013/14 12.20 12.20 13.82
2012/13 14.13 14.13 16.44
2011/12 4.90 4.90 5.50
2010/11 9.57 9.57 11.13
3 years - compound average p.a. 8.08 8.08 9.24
5 years - compound average p.a. 6.98 6.98 7.94

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.