Investment objective: An average return of CPI + 1.5% over two years or more.1

Risk

It is likely that a negative return might be expected to occur between 0.5 and one year in 20.

 

Asset Allocation

This product is invested in the range of 15%-35% Growth Assets with the balance in Defensive Assets.

 Capital Defensive Investment Chart Strategic Asset Allocation
  Australian Equities 5%
  International Equities 7%
  Property 6%
  Diversified Strategies (Income) 17%
  Inflation Linked Securities 15%
  Fixed Interest 35%
  Cash 15%

Performance

Rates of returns to 31 May 20192
Investment Option 1 mth 3 mths FYTD 1 year 3 years 5 years 10 years
  % % % % % p.a. % p.a. % p.a.
Capital Defensive 0.13 1.56 3.76 4.31 3.98 3.85 5.38

Returns greater than one year have been annualised. 

Yearly rates of return net of investment fees and tax to 30 June 2016

Year Capital Defensive*
2017-18 3.21%
2016-17 4.14%
2015-16 2.82%
2014-15 4.52%
2013-14 6.10%
2012-13 4.44%
2011-12 7.36%
2010-11 6.34%
2009-10 9.90%
2008-09 -1.52%
2007-08 0.48%
2006-07 7.40%
2005-06 8.8%

* Option introduced on 1 April 2005

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1 Investment objectives state what each option aims to achieve. They are designed to help members with their investment decisions. The objectives have been determined having regard for the long term performance and characteristics of financial markets and taking into account expert advice provided by JANA. There is no guarantee, however, that the objectives will be met. This is because financial markets are volatile and future returns may vary from past returns. Indeed, for funds with exposure to growth assets there is a material likelihood that returns may be negative in any particular year.

2 Net of investment fees and tax