Each investment option has an objective which is the desired performance outcome.
Pre-mixed investment options
For each pre-mixed option, the investment objective is to achieve investment returns above inflation (as measured by the Consumer Price Index) over rolling time periods.
An investment objective is the desired investment outcome. Investment objectives vary with the level of risk associated with the asset(s) that make up the option.
While these benchmarks are not to be taken as a forecast of future performance, they can give you an idea of the expected return outcome of each investment mix.
We will review and may change an investment objective from time to time.
|Option||Super and Transition to retirement||Income stream|
|High Growth||CPI + 4.00%||CPI + 4.50%|
|Growth||CPI + 3.75%||CPI + 4.25%|
|Diversified Socially Responsible||CPI + 3.25%||CPI + 3.00%|
|Balanced Growth||CPI + 3.00%||CPI + 3.50%|
||CPI + 1.25%||CPI + 1.75%|
Single asset option benchmarks
To benchmark the performance of our asset class options, we use internationally recognised standard indices as our benchmark.
For example, the benchmark for shares are usually a stock exchange index for the performance of the broader market. From time to time, we review and sometimes change the benchmark.
|Australian Equities||S&P ASX 300 Accumulation Index|
|Australian Socially Responsible Equities||S&P ASX 200 Accumulation Index|
|International Equities||MSCI World ex Australia ex-Tobacco securities Net Dividends Accumulation Index (unhedged) in Australian dollars|
|Property||FTSE EPRA/NAREIT Developed Rental Index Net Dividends Reinvested (100% hedged) in Australian dollars & CPI + 5% p.a.|
|Australian Fixed Interest||Bloomberg AusBond Composite 0+Yr Index|
|International Fixed Interest||Bloomberg Barclays Global Aggregate Float Adjusted Index (100% hedged) in Australian dollars|
|Cash||Bloomberg AusBond Bank Bill Index|
We will review and may change the investment objective of an investment option from time to time.
For more information, see the Member Booklet Supplement: Investments. If you are an income stream member, see the Member Booklet: Transition to retirement Income Stream (PDS) or the Member Booklet: Retirement Income Stream (PDS).
Investment objectives and benchmarks are current as at 1 April 2020.