To invest in a diversified range of investments with approximately 50% in shares, growth property and alternative investments, and approximately 50% in cash, fixed income and defensive property.
To achieve a return (net of tax and investment expenses) that exceeds the increase in the CPI by at least 3% p.a. over moving 5 year periods, and to limit the probability of acheiving a negative return to approximately 1 year in 7
Risk of short-term negative return
Low to moderate - The return obtained each year will fluctuate and will be negative from time to time. There is a low to moderate chance that the return in any 1 year will be negative.
|Strategic asset allocation||Asset class||As at 1st Sept 2012||Ranges|
|Australian shares||16.7%||10% to 22%|
|International shares||15.8%||8% to 23%|
|Property||5.9%||3% to 12%|
|Alternatives||19.8%||6% to 28%|
|Fixed interest||26.7%||13% to 41%|
|Cash||15.1%||10% to 20%|
|Suggested minimum investment timeframe||4 years|
|Expected frequency of negative annual returns||Approx. 2.6 out of every 20 years|
|Type of investor||Moderate|
|Investment fee #||0.60%|
#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.