Moderate

Investment objective: An average return of inflation + 3.0% over six years or more.1

Risk

It is likely that a negative return might be expected to occur between three and four years in any 20 year period.

 

Strategic Asset Allocation

The strategic asset allocations are determined by the investment objective for each option and are set annually.

This option is invested in the range of 40%-70% growth assets with the balance in defensive assets.

Strategic Asset Allocation (SAA)
Asset SAA %  Range %
Australian Equities 16 5-30
International Equities 22 10-35
Property 10 0-20
Diversified Strategies (Growth) 5 0-15
Diversified Strategies (Income) 12 0-25
Inflation Linked Securities 11 0-25
  Fixed interest 16 0-30
Cash 8 0-20

For actual asset allocations, updated monthly, click here.

 

Performance

Rates of returns to 30 June 20212
Investment Option 1 mth 3 mths FYTD 1 year 3 years 5 years 10 years
  % % % % % p.a. % p.a. % p.a.
Moderate 1.46 4.4 15.45 15.45 7.32 7.72 7.89

Returns greater than one year have been annualised.

Yearly rates of return net of investment fees to 30 June

Year Moderate^
2019-20 -0.36%
2018-19 7.46%
2017-18 7.74%
2016-17 8.91%
2015-16 3.71%
2014-15 8.18%
2013-14 12.06%
2012-13 12.26%
2011-12 4.46%
2010-11 9.75%
2009-10 12.11%
2008-09 -10.34%
2007-08 -6.85%
2006-07 14.39%

 ^ Option introduced on 1 July 2006.

 

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Historical unit prices

 


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 specialist investment advisor, 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.