To invest in a diversified range of investments with approximately 76% in shares, growth property and growth alternatives and approximately 24% in cash, fixed income, defensive alternatives and defensive property.
To achieve a net return (net tax and investment expenses) that exceeds the increase of CPI by at least 4% p.a. over moving 10 year periods and to limit the probability of achieving a negative return of approximately one year in five.
Risk of short-term negative return
Moderate - The return obtained each year will fluctuate and will be negative from time to time. There is a moderate chance that the return in any one year will be negative.
|Strategic asset allocation||Asset class||As of 1 September 2012||Ranges|
|Australian shares||25.5%||18% to 33%|
|International shares||23.5%||17% to 31%|
|Property||10.0%||3% to 15%|
|Alternatives||27.0%||15% to 40%|
|Fixed interest||12.0%||3% to 20%|
|Cash||2.0%||0% to 4%|
|Suggested minimum investment timeframe||5 years|
|Expected frequency of negative annual returns||Approx. 3.8 out of every 20 years|
|Risk label||Medium to high|
|Type of investor||Balanced|
#The investment fee is a measure of the fees deducted from investments. These fees include the cost of the Fund’s investment managers, custodian and investment advisor and certain other costs of the Fund. The investment fee is the total of these costs, divided by the net asset value of the Fund. These fees are deducted directly from the investment earnings before they are allocated to member accounts. They are therefore not deducted from your super account directly.