Objective

To limit investment risk, whilst accepting that this is likely to result in modest investment returns over the long term. More specifically, returns after tax and fees that exceed CPI increases by at least 3% pa over rolling 5 and 7 year periods will be sought.

Risk/Return Profile

Medium risk and medium returns

Suitability

Members who are looking to limit the fluctuations in investment returns, while accepting a lower level of returns over the long term.

Target Asset Allocation

45% Growth Assets
55% Income Assets

Strategic Asset Allocation

Australian shares 25% Overseas shares 16% Property (growth) 2% Infrastructure 2% Private Equity 0% Property (income) 12% Fixed Interest 23% Cash 20% Absolute Return 0%

Date established

May 2003

Performance

Year ended 30 June	Return (p.a.)
2003	1.9%
2004	10.2%
2005	11.0%
2006	11.3%
2007	16.4%
2008	-3.9%
2009	-6.0%
2010	9.0%
2011	8.8%

More information

For latest returns and market report, see the Performance section