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For the year ending 30 June 2018
1
Investment performance and other important information
Superannuation products available within the Colonial Super Retirement
Fund and superannuation and ordinary products issued by The Colonial Mutual
Life Assurance Society Limited.
Contents
Summary of investment options impacted in each product 3-19
Changes to investment managers and investment option summaries 20-21
Changes to investment option names 23
Other changes to investment options 23
Changes to Capital Guaranteed Asset Allocations 29-31
Changes to Whole of Life, Endowment and Pure Endowment (i.e. Traditional) participating (i.e. with
bonus) products asset allocations
32
Annual Performance information - Contents 34
2
Investment Update
The Colonial Super Retirement Fund investment portfolio and products issued by The Colonial Mutual Life Assurance Society Limited (“CMLA”) include investment options managed by CMLA and other investment managers. Investments are periodically reviewed to identify opportunities that may help enhance the investment returns and to respond to market changes. Changes have been made to a number of investment options including for example:
• replacing or adding investment managers to investment options and underlying asset class strategies
• updates to the asset allocation ranges, benchmarks, strategies or objectives.
This document provides both a summary and a detailed explanation of these changes. Investment
options within your product that are managed by CMLA include those starting with “Commonwealth” or
“Colonial” (but excluding “Colonial First State”) and those investment options with no company name,
for example “Managed Growth” or “Capital Stable”.
CMLA Managed Investment Options
CMLA managed investment options use a menu of underlying Investment Managers to construct their
investment options. We reserve the right to change the investment managers at any time.
As at 30 June 2018 these include:
• Realindex Investments
• Solaris Investment Management
• Alphinity Investment Management
• Alliance Bernstein
• Colonial First State Global Asset Management
• State Street Global Advisors
• Baillie Gifford
• Stewart Investors
• Standard Life Aberdeen
• Acadian
• GAM Investments
• The Colonial Mutual Life Assurance Society Limited
• Resolution Capital Limited
• DWS
3
Summary of investment options impacted in each product
The table on the following page lists the investment options within a product that are impacted by the changes. Where an investment option for a product is not shown, this is because there is no change for that investment option.
The change number at the top of the table aligns with the descriptors below:
Change
Number
Description
1 For the Australian shares asset class strategy used by both Australian shares and multi-sector investment
options, one of the investment managers, Colonial First State Global Asset Management (CFSGAM), was
replaced in June 2018 with three new investment managers – Alliance Bernstein, Solaris Investment
Management and Alphinity Investment Management.
2 For the Global Shares asset class strategy used by both Global Shares and multi-sector investment
options managed by CMLA, an additional investment manager, Acadian, was added in October 2017.
3 The Colonial First State Wholesale Australian Share – Core option has had the manager CFSGAM
replaced with T. Rowe Price and been renamed to T. Rowe Price Australian Equity in May 2018. The
investment option summary has changed.
4 The Colonial First State Wholesale Global Resources option has had the manager CFSGAM replaced
with Janus Henderson and been renamed to Janus Henderson Global Natural Resources in May 2018.
The investment option summary has changed.
5 For the Global Listed Property asset class strategy used by some of the Property options one of the
investment managers, CBRE Clarion Securities, was replaced in December 2017 by DWS.
6 For the Alternatives asset class strategy used by multi-sector investment options managed CMLA, an
additional investment manager, GAM Investments, was added in November 2017.
7 BT Investment Management Limited changed its name to Pendal Group Limited on 27 April 2018. All BT
investment option names have been changed to Pendal.
8 The Perpetual Balanced Growth option name has been updated to Perpetual Wholesale Balanced
Growth.
9 For the Capital Guaranteed investment options and the participating (i.e. with bonus) versions of the
Whole of Life, Endowment and Pure Endowment products, the strategic asset allocation targets and
ranges were changed and interest rate derivatives were introduced to more effectively manage
asset/liability risk.
10 Additional changes including Objectives, Strategy and/or Asset Allocations and name changes.
Product and investment option name PAS code
Change
1 2 3 4 5 6 7 8 9 10
Personal Super Umbrella Investment Plan and Personal Super
Umbrella Financial Plan(X10, X11, X12)
Capital Guaranteed Fund 6 1SUU
Property Fund 2PRU
Stable Fund 2STU
Managed Fund 2MGU
Australian Equities Fund 2EQU
International Equities Fund 2INU
Colonial Rollover Bond, Personal Super Investment Growth Bond and
Super Investment Growth Bond (E05, E06, E10, E03, E04, E01, E02)
Capital Guaranteed Fund 1SUP
Property Fund 2PRP
Stable Fund 2STB
Consensus Stable Fund 2CST
Managed Fund 2MGD
Consensus Managed Fund 2CMG
Australian Equities Fund 2EQY
International Equities Fund 2INT
Colonial Rollover Deposit Plan (E09)
Capital Guaranteed Fund6 1SUP
SGIC Personal Superannuation Bond (ED3, EE3, EG3)
Capital Guaranteed Fund5,7 6SBD
Capital Guaranteed Fund7 6SCG
Property Fund 7SPF
Managed Fund 7SMN
Australian Equities Fund 7SAE
Product and investment option name PAS code
Change
1 2 3 4 5 6 7 8 9 10
International Equities Fund 7SIE
SGIC Rollover Deposit Plan (EC3, EF3)
Capital Guaranteed Fund7 6RCG
Property Fund 7RPF
Managed Fund 7RMN
Australian Equities Fund 7RAE
International Equities Fund 7RIE
ex Legal and General Capital Guaranteed products
Retirement Investment Plan (W01)
Table 60 and 80 1RIP
Table 62 and Plus 1RAP
Retirement Accumulation Plan (W02) 1RAP
Private Trustee Superannuation (W04) 1LUS
Life Umbrella
Superannuation (W03) 1LUS
SGIC Capital Guaranteed products
Colonial Rollover Bond (EA3) 6ROL
Money Plan Super (WA3) 6SMY
Colonial Rollover Bond (EB3) 6RNF
Allocated Pensions
Living Money (E07, E08)
Property Fund 4PRP
Stable Fund 4STB
Consensus Stable Fund 4CST
Managed Fund 4MGD
Consensus Managed Fund 4CMG
Product and investment option name PAS code
Change
1 2 3 4 5 6 7 8 9 10
Australian Equities Fund 4EQY
International Equities Fund 4INT
SGIC Retirement Plus Account (FA3, FB3)
Capital Guaranteed Fund7 6ACG
Property Fund 9APF
Managed Fund 9AMN
Australian Equities Fund 9AAE
International Equities Fund 9AIE
Ordinary
Umbrella Investment Plan, Umbrella Financial Plan, Investment Growth
Bond (T10, T11, T12, A01, A02, A03, A04, A05)
Capital Guaranteed Fund 6 1ORD
Consensus Stable Fund1 3CST
Consensus Managed Fund1 3CMG
Property Fund 3PRP
Stable Fund 3STB
Managed Fund 3MGD
Australian Equities Fund 3EQY
International Equities Fund 3INT
Investment Growth Bond (A06)
NC - Global Property 3NPR
NC - Australian Shares 3NAU
NC - International Shares 3NIN
NC – Conservative 3NCO
NC – Diversified 3NDI
NC – Balanced 3NBA
Product and investment option name
PAS code
Change
1 2 3 4 5 6 7 8 9 10
NC - Growth 3NGR
SGIC Personal Investment Bond (AA3, AG3, AH3)
Capital Guaranteed Fund7 6BON
Capital Guaranteed Fund5,7 6BCG
Property Fund 8BPF
Managed Fund 8BMN
Australian Equities Fund 8BAE
International Equities Fund 8BIE
ex Legal and General Capital Guaranteed products
Life Umbrella (S03)
Ordinary 1LUO
SGIC Capital Guaranteed products (SB3, AF3, SA3)
Ordinary Passbook Rate 6HIN
Ordinary Funeral Bond 6FNR
Money Plan Ordinary 6MNY
Investment LifeBuilder, Wealth Portfolio, InvestorPlan (LB, WP,
INVESTNI)
Capital Stable Primary Fund (Wealth Portfolio) CAPN
Capital Stable Growth Fund (Wealth Portfolio) CAPGN
Capital Stable Growth Plus Fund CAPGPN
Balanced Primary Fund (Wealth Portfolio) BALN
Balanced Growth Fund (Wealth Portfolio) BALGN
Balanced Growth Plus Fund BALGPN
Equity Profile Primary Fund (Wealth Portfolio) EQPN
Equity Profile Growth Fund (Wealth Portfolio) EQPGN
Equity Profile Growth Plus Fund EQPGPN
Product and investment option name PAS code
Change
1 2 3 4 5 6 7 8 9 10
Capital Guaranteed (Wealth Portfolio) CGORD1
Capital Guaranteed CGORD2
Investment Bond (Multi-Bond) (INVBOND1)
Capital Stable Fund CAPSNG
Balanced Fund BALI-N
Equity Profile Fund EPNG
Capital Guaranteed CGORD1
Investment Bond (Bond '90, Bond '92, Inlife Series 3) (BOND-N, BOND-
N92, XINLIFE-NB)
Capital Stable Fund CAPSNG
Capital Stable II Fund (Bond'92) CS2NG
Balanced Fund BALANG
Equity Profile Fund EPNG
Capital Guaranteed CGORD1
Investment Bond 'S' Series, Investment Bond (Managed PruBond,
Inlife Series 2) (SBOND-N, PRUBONDM, XINLIFE-NA)
Capital Stable Fund SCPSNG
Balanced Fund (Investment Bond 'S' Series, Inlife Series 2) SBALNG
Balanced Fund (Investment Bond - Managed Pru Bond) BOND4N
Equity Profile Fund SEPNG
Capital Guaranteed CGORD1
Investment Bond (Bond '93) (IB93)
Capital Stable Fund CS93NG
Balanced Fund B93NG
Equity Profile Fund EP93NG
Capital Guaranteed CGORD1
Product and investment option name PAS code
Change
1 2 3 4 5 6 7 8 9 10
Investment Bond (Capital Guaranteed Bond) (XAETBNDN)
Capital Guaranteed CGORD1
Managed Investment Bond (MIB)
Managed Growth Fund SOMA
Bond 2000 (M2000)
Managed Growth Fund SOMB
Easy Saver, Easy Saver Plus (EASYSAVER, EASYSAVER+)
Capital Guaranteed Fund (Easy Saver) (non-participating)3 AM
Capital Guaranteed Fund (Easy Saver Plus) (non-participating)3 AM
Capital Secure Fund DM
Balanced Fund MM
Managed Growth Fund (LJ and LM Units) LM
Managed Growth Fund (PJ and PM units) PM
LifeWise - Series 4 and 5 (LIFEWISE4, LIFEWISE5)
Capital Guaranteed Fund (non-participating)3 J
Capital Secure Fund (Series 5) DP
Managed Growth Fund LP
LifeLink, LifeLink Plus - Series 2 and 3 (LL1, LL2, LLB3)
Managed Growth Fund (Lifelink and Series 2) LL1, LL2
Managed Growth Fund (Series 3) B
Managed Investment Plan, Managed Savings Plan (MIP1, MIP3, MSP)
Managed Growth Fund (Early Series/Late Series)
OM_PROT,
OM_UNPROT
Product and investment option name PAS code
Change
1 2 3 4 5 6 7 8 9 10
SuperSpan Limited Offer (Multi Option) (SSLOM)
Capital Guaranteed Fund (non-participating)3 CGSB
Capital Secure Fund FG
Balanced Fund NS
Managed Growth Fund CS
SuperSpan II (Multi Option) Deferred Annuity (SSIIM)
Capital Secure Fund FG
Balanced Fund NS
Managed Growth Fund CS
SuperCash Deferred Annuity (SC)
Rollover Deferred Annuity, SuperBond (RDA, SIB)
Managed Fund SSMA
Capital Guaranteed Fund (non-participating)3 CGSB
SuperBond 2000 (S2000)
Managed Growth Fund SSMB
TAP Allocated Annuity (TAE2E, TAE2E+)
Capital Guaranteed Fund (non-participating)3 KST2
Capital Secure Fund FGT2
Balanced Fund NST2
Managed Growth Fund QST2
Australian Share Fund WST2
Superannuation LifeBuilder, Wealth Portfolio, Superplan, SuperFlex
(LB, WP, SUPER1NI, SUPER2NI)
Capital Stable Primary Fund (Wealth Portfolio) CAPS
Capital Stable Growth Fund (Wealth Portfolio) CAPGS
Capital Stable Growth Plus Fund CAPGPS
Product and investment option name PAS code
Change
1 2 3 4 5 6 7 8 9 10
Balanced Primary Fund (Wealth Portfolio) BALS
Balanced Growth Fund (Wealth Portfolio) BALGS
Balanced Growth Plus Fund BALGPS
Equity Profile Primary Fund (Wealth Portfolio) EQPS
Equity Profile Growth Fund (Wealth Portfolio) EQPGS
Equity Profile Growth Plus Fund EQPGPS
Capital Guaranteed CGSUP5
Capital Guaranteed (Wealth Portfolio) CGSUP1
Pru-Plan Superannuation "Unit-Linked", PruPlan Superannuation
"PruLink" (PRUPLANEQU, PRUPLANUL)
Equity Link Balanced Fund PLAN6S
Pru-Plan Unit Linked Balanced Fund PLAN5S
Capital Stable Growth Fund CAPGS
Equity Profile Growth Fund EQPGS
Capital Guaranteed CGSUP1
Pruplan Plus (PRUPLAN+)
Capital Stable Growth Plus Fund CAPGPS
Capital Stable Growth Fund CAPGS
Balanced Growth Plus Fund BALGPS
Balanced Growth Fund BALGS
Equity Profile Growth Plus Fund EQPGPS
Equity Profile Growth Fund EQPGS
Capital Guaranteed CGSUP1
Capital Guaranteed – Primary CGSUP2
Capital Guaranteed CGSUP5
Product and investment option name PAS code
Change
1 2 3 4 5 6 7 8 9 10
Pruplan (MK1 and MK2) (PRUPLAN1, PRUPLAN2)
Capital Guaranteed CGSUP1
Capital Guaranteed (MK2) CGSUP3
Capital Guaranteed CGSUP4
Superannuation Bond (Capital Guaranteed Bond), Deferred Annuity
(XAETBNDS, AETDEFANN)
Capital Guaranteed CGSUP1
Superannuation Bond (Managed PruBond), Roll-Over Plan Goldseal
(PRUBONDM, GSC)
Balanced Fund BOND5S
Capital Stable Fund SCPSSG
Equity Profile Fund SEPSG
Capital Guaranteed CGSUP1
Superannuation Bond (Multi-Bond) (INVBOND1)
Balanced Fund BALI-S
Capital Stable Fund ('91) CAPSSG
Equity Profile Fund EPSG
Capital Guaranteed CGSUP1
Roll-Over Plan 'S' Series ('91 and '92), Superannuation Bond "S" Series
('91 and '92) (ROLLOVER, ROLLOVER92, SBOND-S92, SBOND-S)
Capital Stable Fund ('91) SCPSSG
Capital Stable Fund ('92) SCS2SG
Balanced Fund SBALSG
Equity Profile Fund SEPSG
Capital Guaranteed (Superannuation Bond "S" Series) CGSUP1
Product and investment option name
PAS code Change
1 2 3 4 5 6 7 8 9 10
Roll-over Plan ('91 and '92), Superannuation Bond ('91 and '92)
(ROLLOVER, ROLLOVER92, BOND-S, BOND-S92)
Balanced Fund BALASG
Capital Stable Fund ('91) CAPSSG
Capital Stable Fund ('92) CS2SG
Equity Profile Fund EPSG
Capital Guaranteed CGSUP1
Rollover Bond 93 (ROLLOVER93)
Capital Stable Fund CS93SG
Balanced Fund B93SG
Equity Profile Fund EP93SG
Capital Guaranteed CGSUP1
Personal SuperCARE Bond (PSCB), Personal SuperCARE (PSC),
SuperGuaranteeCARE (SGC)
Capital Guaranteed Fund (non-participating) (PSCB and PSC)3 PC
Capital Guaranteed Fund (non-participating) (SCG)3 GC
Retirement Saver, Retirement Saver Series 2, Retirement Saver Plus
(RETIREMENT, RETIREMENT2, RETIREPLUS)
Capital Guaranteed Fund (non-participating)3 BK
Capital Secure Fund FK
Balanced Fund NK
Managed Growth Fund (Retirement Saver) CK
Managed Growth Fund (Series 2 and Plus) QK
Product and investment option name PAS code
Change
1 2 3 4 5 6 7 8 9 10
SuperWise - Series 4 and 5 (SUPERWISE4, SUPERWISE5)
Capital Guaranteed Fund (non-participating)3 K
Capital Secure Fund (Series 5) FQ
Managed Growth Fund CQ
SuperLink, SuperLink Plus - Series 2 and 3 (SL1, SL2, SLS3)
Managed Growth Fund (Superlink and Series 2) CL
Managed Growth Fund (Series 3) S
Managed Investment SuperPlan – Corporate, Managed Investment
SuperPlan, Managed Personal SuperPlan (MISPC, MIP1, MIP3, MISPP)
Managed Growth Fund (Early Series/Late Series)
SM_PROT,
SM_UNPROT
SuperUnits (SU)
Managed Growth Fund SU
CPSL Wholesale Superannuation Business (PRUES)
Capital Safe Fund
SCAPSF,
SCAPSF03
Capital Guaranteed Fund (non-participating)3 SCOLFG
Capital Guaranteed Fund (participating)3,4 SCPGTD
Balanced Fund SDISCR
Growth Fund SGRWTH
Australian Equity Fund SPAEQU
International Equity Fund SPIEQU
CPSL Wholesale Exempt Business (PRUINO)
Capital Safe Fund
ECAPSF,
ECAPSF03,
FECAPSF
Capital Guaranteed Fund (participating)3,4
ECPGTD,
FECPGTD
Product and investment option name PAS code
Change
1 2 3 4 5 6 7 8 9 10
Balanced Fund
EDISCR,
FEDISCR
Growth Fund
EGRWTH,
FEGRWTH
Australian Equity Fund
EPAEQU,
FEPAEQU
Property Fund EPAPRO
International Equity Fund
EPIEQU,
FEPIEQU
CPSL Wholesale Non Superannuation Business (PRUINO)
Balanced Fund ODISCR
Colonial Select Allocated Pension
BT Core Global Share Option* EXROOE
Colonial First State Wholesale Global Resources Fund EXFSRE
FC Wsale Pension Stewart Investors Worldwide Leaders Fund EXFSOE
Colonial Select Personal Superannuation & CPSL MasterFund
Superannuation & Personal Superannuation Portfolio
BT Core Global Share Option* SXROOE
Colonial First State Wholesale Global Resources Fund SXFSRE
FC Wsale Pension Stewart Investors Worldwide Leaders Fund SXFSOE
Colonial Select Allocated Pension
BT Core Australian Share Option EXRODE
Colonial First State Wholesale Australian Share Fund - Core EXCPAS
Colonial Select Personal Superannuation & CPSL MasterFund
Superannuation & Personal Superannuation Portfolio
BT Core Australian Share Option SXRODE
Colonial First State Wholesale Australian Share Fund - Core SXCPAS
Product and investment option name PAS code
Change
1 2 3 4 5 6 7 8 9 10
Colonial Select Allocated Pension
BT Property Investment Option EXROPR
Colonial Select Personal Superannuation & CPSL MasterFund
Superannuation & Personal Superannuation Portfolio
BT Property Investment Option SXROPR
Colonial Select Allocated Pension
Colonial First State Wholesale High Growth Fund EXFSHG
Colonial Select Personal Superannuation & CPSL MasterFund
Superannuation & Personal Superannuation Portfolio
Colonial First State Wholesale High Growth Fund SXFSHG
Colonial Select Allocated Pension
BT Active Balanced Option EXRODI
Colonial First State Wholesale Diversified Fund EXFSDI
Multi-Index Balanced Fund EXCSGR
Perpetual Balanced Growth Option EXPPBA
Colonial Select Personal Superannuation & CPSL MasterFund
Superannuation & Personal Superannuation Portfolio
BT Active Balanced Option SXRODI
Colonial First State Wholesale Diversified Fund SXFSDI
Multi-Index Balanced Fund SXCSGR
Perpetual Balanced Growth Option SXPPBA
Colonial Select Allocated Pension
Colonial First State Wholesale Balanced Fund EXFSBA
Product and investment option name PAS code
Change
1 2 3 4 5 6 7 8 9 10
Colonial Select Personal Superannuation & CPSL MasterFund
Superannuation & Personal Superannuation Portfolio
Colonial First State Wholesale Balanced Fund SXFSBA
Colonial Select Allocated Pension
Colonial First State Wholesale Conservative Fund EXFSCS
Multi-Index Conservative Fund EXCSCS
Colonial Select Personal Superannuation & CPSL MasterFund
Superannuation & Personal Superannuation Portfolio
Colonial First State Wholesale Conservative Fund SXFSCS
Multi-Index Conservative Fund SXCSCS
Colonial Select Allocated Pension
Colonial Select Personal Superannuation & CPSL MasterFund
Superannuation & Personal Superannuation Portfolio
Colonial Select Allocated Pension
Colonial Select Personal Superannuation & CPSL MasterFund
Superannuation & Personal Superannuation Portfolio
Colonial Select Allocated Pension
Colonial First State Wholesale Institutional Cash Fund EXCPCA
Colonial Select Personal Superannuation & CPSL MasterFund
Superannuation & Personal Superannuation Portfolio
Colonial First State Wholesale Institutional Cash Fund SXCPCA
Closed Options5 (Pension)
Colonial Australian Equities Fund EPAEQU
Colonial Balanced Fund EDISCR
Colonial Capital Guaranteed Fund (participating) ECPGTD
Product and investment option name PAS code
Change
1 2 3 4 5 6 7 8 9 10
Colonial Capital Guaranteed Fund (Ex-CMF) (non-participating) ECOKAU
Colonial Capital Safe Fund ECAPSF
Colonial Growth Fund EGRWTH
Closed Options5 (Personal)
Colonial Australian Equities Fund7 SPAEQU
Colonial Balanced Fund7 SDISCR
Colonial Capital Guaranteed Fund (participating) SCPGTD
Colonial Capital Guaranteed Fund (Ex-CMF) (non-participating) SCOKAT
Colonial Capital Guaranteed Fund (Ex-MasterPac) (non-participating) SCOLFG
Colonial Capital Safe Fund7 SCAPSF
Colonial Consensus Managed Fund SXCCNM
Colonial Consensus Stable Fund SXCCMS
Colonial Growth Fund7 SGRWTH
Colonial International Equities Fund7 SPIEQU
Colonial Property Fund SXCPRO
COLONIAL FLEXIBLE INCOME RETIREMENT PLAN
BT Active Balanced Option FEXRODI
BT Core Australian Share Option FEXRODE
BT Property Investment Option FEXROPR
Colonial Australian Equities Fund FEPAEQU
Colonial Balanced Fund FEDISCR
Colonial Capital Guaranteed Fund (participating) FECPGTD
Colonial Capital Safe Fund FECAPSF
Colonial Growth Fund FEGRWTH
Colonial International Equities Fund FEPIEQU
Product and investment option name PAS code
Change
1 2 3 4 5 6 7 8 9 10
SAVINGS PLAN/SAVINGS CARE PLAN/INVESTMENT BOND
Savings Plan/Investment Bond - Capital Secure CS02
Savings Plan/Savings Care Plan/Investment Bond - Managed MG02
ROLLOVER BOND
Rollover Bond – Managed RBMG02
ALLOCATED ANNUITY
Allocation Annuity – Managed AAMG02
20
Details of investment option changes
Changes to investment managers and investment option summaries
On 21 February 2018, CFSGAM announced that they would be closing their Australian core equities and global resources capabilities. These changes impacted the following investment options:
• Colonial First State Wholesale Global Resources
• Colonial First State Wholesale Australian Share – Core
New investment managers have been appointed to manage these funds from May 2018, and therefore the investment options have been renamed as follows:
Previous Investment Option Name New Investment Option Name Colonial First State Wholesale Global Resources
Janus Henderson Global Natural Resources
Colonial First State Wholesale Australian Share – Core
T. Rowe Price Australian Equity
The investment option summaries have also changed. The tables below provide further detail on the changes:
Previous New
Name Colonial First State Wholesale
Global Resources
Janus Henderson Wholesale Global
Natural Resources
Investment objective To provide long-term capital growth
by predominantly investing in
resource companies from around
the world. The option aims to
outperform the Euromoney Global
Mining Accumulation Index (75%)
and the MSCI All Country World
Energy Index (25%) over rolling
five-year periods before fees and
taxes.
The option seeks to achieve a total
return after fees and taxes that
exceeds the total return of the S&P
Global Natural Resources
Accumulation Index over rolling five-
year periods.
Suggested minimum time
horizon
7 years No change
Risk Very High No change
Strategy The option’s strategy is to add value
over the medium-to-long term by
investing in quality global resource
companies. Rather than attempting
to predict commodity price
movements, we choose to focus on
quality resource companies around
the world. These companies
typically have strong balance
sheets, quality management, high
The option will typically invest in 50-
70 companies that the manager has
identified as being quality global
natural resource companies
operating in the mining, energy and
agriculture natural resources
sectors.
The option may have exposure
across upstream (production and
exploration), midstream (storage,
21
quality assets and a low cost of
production. The option does not
hedge currency risk.
transportation and marketing
commodities) and downstream
(smelting, refining and selling of
processed mineral, energy and
agricultural products to end users)
segments of the natural resources
supply chain. The investment
approach used by the manager
utilises bottom-up fundamental
research and screens for quality,
valuation and growth potential to
identify companies that are best
placed to benefit from the ongoing
demand for natural resources. The
manager’s global investment
approach enlarges the overall size
and breadth of the natural
resources investment universe and
also improves the chance of early
identification of profitable resource
investment trends and pricing
inefficiencies across global markets.
The option does not hedge currency
exposure back to the Australian
dollar.
Benchmark Euromoney Global Mining
Accumulation Index (75%) and the
MSCI All Country World Energy
Index (25%)
S&P Global Natural Resources Accumulation Index
Asset Allocation 90-100% Australian and Global
Shares
0-10% Cash
80-100% Global Shares
0-20% Cash
Previous New
Name Colonial First State Wholesale
Australian Share – Core
T. Rowe Price Wholesale Australian
Equity
Investment objective To provide long-term capital growth
with some income by investing
predominantly in a broad selection
of Australian companies. The option
aims to outperform the S&P/ASX
200 Accumulation Index over rolling
three-year periods before fees and
taxes.
To provide long-term capital growth
through investment primarily in a
portfolio of securities of Australian
companies listed on the Australian
stock exchange. The option aims to
outperform the S&P/ASX 200
Accumulation Index over rolling
three year periods after fees and
taxes.
Suggested minimum time
horizon
7 years No change
Risk Very High No change
22
Strategy The option does not seek any style
bias, such as to growth or value,
and seeks to consistently add value
through the investment cycle.
Mispriced investment opportunities
are identified following detailed
fundamental research. The
investment process incorporates a
high number of company visits and
a proprietary database to analyse
company financials. Importantly,
every company is assessed using a
consistent set of criteria, which
enables potential investments to be
compared on a like-for-like basis.
This option predominantly invests in
Australian companies and therefore
does not hedge currency risk.
The strategy is a high conviction
portfolio that seeks to identify high
quality growing companies that T.
Rowe Price expect to compound
value faster than the overall market
and outperform over time. The
strategy relies on extensive
proprietary fundamental research by
an experienced Australian
investment team collaborating with
and receiving insights from the T.
Rowe Price global research
platform.
The strategy is a quality growth-
oriented portfolio with fundamental,
bottom up research at the core of
the process. As a high conviction
portfolio T. Rowe Price applies a
proprietary business quality
assessment process to identify high
quality companies and non-
consensus ideas. Detailed valuation
work is then undertaken, utilising
various techniques and scenarios,
to ensure T. Rowe Price own these
businesses at attractive prices.
Benchmark S&P/ASX 200 Accumulation Index No change
Asset Allocation 90 -100% Australian Shares
0 -10% Cash
No change
In addition, following a review of the Australian shares asset class strategy used by the CMLA managed options, one of the mandates managed by CFSGAM was terminated and in June 2018, the following three new managers were added to the strategy:
• Alliance Bernstein
• Solaris Investment Management
• Alphinity Investment Management
Allliance Bernstein may hold an allocation to International shares, which means that up to 4 per cent of the Australian
shares exposure within an investment option may be invested in international shares. This exposure may or may not be
hedged at the manager’s discretion.
23
Changes to investment option names
BT investment options
The name of ‘BT’ investment options has changed to ‘Pendal’ as a result of BT Investment Management Limited changing its
company name to Pendal Group Limited on 27 April 2018. There has been no change to the way these options are being
managed.
This name change is relevant for the following BT investment options:
Previous name Current name
BT Property Investment Option Pendal Property Investment Option
BT Core Australian Share Option Pendal Australian Share Option
BT Core Global Share Option Pendal Core Global Share Option
BT Active Balanced Option Pendal Active Balanced Option
Perpetual Balanced Growth
The Perpetual Balanced Growth investment option has been updated to Perpetual Wholesale Balanced Growth. There has
been no change to the way this option is being managed.
Other changes to investment options
Colonial First State Wholesale Diversified Fund
Previous New
Investment objective To provide long term capital growth.
The option aims to outperform the
composite benchmark over rolling
three-year periods before fees and
taxes.
No change
Suggested minimum time
horizon
5 years No change
Risk High No change
Strategy The option’s broad asset allocation
is to be 70% invested in growth
assets (shares and property) and
30% in defensive assets (fixed
interest and cash). Allocations are
reviewed regularly although a
reallocation is only considered in
response to a fundamental change
in long-term expectations or market
The fund’s broad asset allocation is
to be 70% invested in growth assets
(shares and property and global
infrastructure securities) and 30% in
defensive assets (fixed interest and
cash). Allocations are reviewed
regularly although a reallocation is
only considered in response to a
fundamental change in long-term
24
demand. The manager seeks to
add value through a disciplined
approach to the selection of the
investments held by the option. The
option may hedge some or all of its
currency exposure.
expectations and or market
demand. The fund aims to add
value through a disciplined
approach to the selection of
investments held by the fund.
Derivatives may be used for risk
management. The fund may hedge
some or all of its currency exposure.
Asset Allocation 30% Australian shares
20% Global shares
10% Global resource shares
5% Property securities
5% Global Infrastructure securities
30% Fixed interest and cash
30% Australian shares
20% Global shares
10% Real return
5% Property securities
5% Global Infrastructure securities
30% Fixed interest and cash
25
Pendal Australian Shares
(previously BT Core Australian Shares)
Previous New
Investment objective The option aims to provide a return
(before fees and taxes) that
exceeds the S&P/ASX 300
Accumulation Index over rolling
three-year periods.
To provide a return (before fees,
costs and taxes) that exceeds the
S&P/ASX 300 Accumulation Index
over rolling three-year periods.
Suggested minimum time
horizon
7 years No change
Risk High No change
Strategy The option is an actively managed
portfolio of predominantly Australian
shares that offer potential for long-
term capital growth and tax-effective
income. The manager’s investment
process for Australian shares is
based on its core investment style
and aims to add value through
active stock selection and
fundamental company research.
The manager’s core investment
style is to select stocks based on its
assessment of their long-term worth
and ability to outperform the market,
without being restricted by a growth
or value bias. The manager’s
fundamental company research
focuses on four key factors:
valuation, financial risk, franchise
and management quality.
The option is an actively managed
portfolio of predominantly Australian
shares is based on its core
investment style and aims to add
value through active stock selection
and fundamental company
research. The manager’s core
investment style is to select stock
based on its assessment of their
long-term worth and ability to
outperform the market, without
being restricted by a growth or
value bias. The manager’s
fundamental company research
focuses on four key factors:
valuation, financial risk, franchise
and management quality.
Asset Allocation 100% Australian Shares No change
Colonial First State Wholesale Balanced
Previous New
Investment objective To provide long term capital growth
and income. The option aims to
outperform the composite
benchmark over rolling three-year
periods before fees and taxes.
No change
Suggested minimum time
horizon
5 year No change
Risk Medium No change
Strategy The option’s broad asset allocation
is to be 50% invested in growth
assets (shares and property) and
The option’s broad asset allocation
is to be 50% invested in growth
assets (shares and property
26
50% in defensive assets (fixed
interest and cash). Allocations are
reviewed regularly although a
reallocation is only considered in
response to a fundamental change
in long-term expectations or market
demand. The manager seeks to
add value through a disciplined
approach to the selection of the
investments held by the option. The
option may hedge some or all of its
currency exposure.
securities) and 50% in defensive
assets (fixed interest and cash).
Allocations are reviewed regularly
although a reallocation is only
considered in response to a
fundamental change in long-term
expectations or market demand.
The options aims to add value
through a disciplined approach to
the selection of investments held by
the option. Derivatives may be used
for risk management. The option
may hedge some or all of its
currency exposure.
Asset Allocation 20% Australian shares
15% Global shares
10% Global resource shares
5% Property securities
50% Fixed interest and cash
20% Australian shares
15% Global shares
10% Real return
5% Property securities
50% Fixed interest and cash
Colonial First State Wholesale Institutional Cash
Previous New
Investment objective To outperform (before tax and fees
and assuming income is reinvested)
the returns of Australian money
markets as measured by an index
of the Reserve Bank of Australia
Cash Rate.
To provide a regular income stream
from investment in money market
securities with a very low risk of
capital loss. The option aims to
outperform returns of Australian
money markets over rolling three-
year periods as measured by the
Bloomberg AusBond Bank Bill
Index before fees and taxes.
Suggested minimum time
horizon
No minimum No change
Risk Low No change
Strategy The fund’s strategy is to invest in
high quality money market
securities, with short maturities, to
achieve a very stable income
stream. This is done by assessing
the earnings that each investment
will generate, rather than attempting
to forecast the short-term direction
of the interest rate cycle. The fund
does not purchase securities that
give rise to material currency risk
and therefore no currency hedging
is undertaken.
The fund’s strategy is to invest in
high quality money market
securities with predominantly short
maturities, to achieve a very stable
income stream. The options invests
in assets that offer value-for-risk by
taking into account economic
analysis and market trends.
Derivatives may be used for risk
management.
Asset Allocation 100% Cash No change
27
Colonial First State Wholesale High Growth
Previous New
Investment objective To provide long term capital growth.
The option aims to outperform the
composite benchmark over rolling
three- year periods before fees and
taxes.
No change
Suggested minimum time
horizon
6 years No change
Risk High No change
Strategy The option’s broad asset allocation
is to be 100% invested in growth
assets (shares). Allocations are
reviewed regularly although a
reallocation is only considered in
response to a fundamental
change in long-term expectations or
market demand. The manager
seeks to add value through a
disciplined approach to the
selection of the investments held by
the option. The option may hedge
some or all of its currency exposure.
The options broad asset allocation
is to be 100% invested in growth
assets (shares). Allocations are
reviewed regularly although a
reallocation is only considered in
response to a fundamental change
in long-term expectations or market
demand. The option aims to add
value through a disciplined
approach to the selection of the
investments held in the option.
Derivatives may be used for risk
management. The option may
hedge some or all of its currency
exposure.
Asset Allocation 40% Australian Shares
10% Australian Small Company
Shares
35% Global Shares
15% Global Resource Shares
0% Cash
40% Australian Shares
10% Australian Small Company
Shares
50% Global Shares
0% Cash
FirstChoice Wholesale Multi-Index Balanced
Previous New
Investment objective To provide capital growth and
income over the long term. To
outperform the composite
benchmark over rolling three- year
periods before fees and taxes
No change
Suggested minimum time
horizon
5 years No change
Risk High No change
28
Strategy The option allocates 70% of
investments to growth assets such
as shares, property and
infrastructure to provide potential for
capital growth. The shares
component is managed by
Realindex Investments using the
RAFI® methodology to select
securities. The property and
infrastructure components are
managed using market
capitalisation indices. 30% of the
portfolio is allocated to defensive
assets such as fixed interest and
cash to provide the portfolio
with relatively stable returns. The
fixed interest component includes
government bonds managed
on a traditional index basis and a
broadly diversified portfolio of credit
securities. The portfolio aims to
hedge currency risk except
for the allocation to emerging
market shares and part of the
allocation to global shares.
The option allocates 70% of
investments to growth assets such
as shares and property and
infrastructure securities to provide
potential for capital growth. The
shares component is managed by
Realindex Investments using a
systematic methodology The
property and infrastructure
components are managed using
market capitalisation indices. 30%
of the portfolio is allocated to
defensive assets such as fixed
interest and cash to provide the
portfolio with relatively stable
returns. The fixed interest
component includes government
bonds managed on a traditional
index basis and a broadly
diversified portfolio of credit
securities. The portfolio aims to
hedge currency risk except
for the allocation to emerging
market shares and part of the
allocation to global shares.
Asset Allocation 29% Australian shares
13% Global shares
14% Global shares – hedged
2% Emerging market shares
6% Global property securities
6% Global infrastructure securities
25% Fixed interest
5% Cash
No change
FirstChoice Wholesale Multi-Index Conservative
Previous New
Investment objective To provide relatively stable returns
over the medium term with the
potential for some long-term capital
growth. To outperform the option’s
composite benchmark over rolling
three-year periods before fees and
taxes.
No change
Suggested minimum time
horizon
3 years No change
Risk Medium No change
29
Strategy The option allocates 70% of
investments to defensive assets
such as fixed interest and cash
to provide the portfolio with
relatively stable returns. The fixed
interest component includes
government bonds managed on a
traditional index basis and a broadly
diversified portfolio of credit
securities. 30% of the portfolio is
allocated to growth assets such as
shares, property and infrastructure
to provide potential for capital
growth. The shares component is
managed by Realindex Investments
using the RAFI® methodology to
select securities. The property and
infrastructure components are
managed using market
capitalisation indices. The portfolio
aims to hedge currency risk except
for the allocation to emerging
market shares and part of the
allocation to global shares.
The option allocates 70% of
investments to defensive assets
such as fixed interest and cash
to provide the portfolio with
relatively stable returns. The fixed
interest component includes
government bonds managed on a
traditional index basis and a broadly
diversified portfolio of credit
securities. 30% of the portfolio is
allocated to growth assets such as
shares, property and infrastructure
to provide potential for capital
growth. The shares component is
managed by Realindex Investments
using a systematic methodology.
The property and infrastructure
components are managed using
market capitalisation indices.
The portfolio aims to hedge
currency risk except for the
allocation to emerging market
shares and part of the allocation to
global shares.
Asset Allocation 12% Australian shares
5% Global shares
6% Global shares hedged
1% Emerging market shares
3% Global property securities
3% Global infrastructure securities
30% Fixed interest
40% Cash
No change
Changes to Capital Guaranteed Asset Allocations
The following changes to the strategic asset allocations for the Capital Guaranteed investment options came into effect 17 November 2017:
Table 1
Capital Guaranteed - Participating Ordinary, Super
Strategic Asset Allocations New Old
Target Min Max Target Min Max
% % % % % %
Australian Shares - - - 2.5 0.0 17.0
Australian Low Volatility Shares 4.0 0.0 15.0 - - -
Global Shares - - - 2.5 0.0 14.0
Global Low Volatility Shares 6.0 0.0 20.0 5.0 0.0 20.0
Alternatives 10.0 0.0 20.0 10.0 0.0 16.0
30
Capital Guaranteed - Participating Ordinary, Super
Strategic Asset Allocations New Old
Target Min Max Target Min Max
% % % % % %
Fixed Interest 30.0 15.0 45.0 70.0 40.0 90.0
Cash 50.0 30.0 70.0 10.0 0.0 60.0
Growth Assets 20.0 10.0 40.0 20.0 10.0 40.0
Table 2
Capital Guaranteed - Participating Exempt
Strategic Asset Allocations New Old
Target Min Max Target Min Max
% % % % % %
Australian Shares - - - 2.5 0.0 17.0
Australian Low Volatility Shares 4.0 0.0 15.0
Global Shares - - - 2.5 0.0 14.0
Global Low Volatility Shares 6.0 0.0 20.0 5.0 0.0 20.0
Alternatives 10.0 0.0 20.0 10.0 0.0 16.0
Fixed Interest 75.0 45.0 90.0 70.0 40.0 90.0
Cash 5.0 0.0 40.0 10.0 0.0 60.0
Growth Assets 20.0 10.0 40.0 20.0 10.0 40.0
Table 3
Capital Guaranteed – Non-Participating (Ordinary, Super, Exempt)
Strategic Asset Allocations New Old
Target Min Max Target Min Max
% % % % % %
Australian Shares - - - 3.0 0.0 12.0
Australian Low Volatility Shares 4.0 0.0 15.0 - - -
Global Shares - - - 3.0 0.0 10.0
Global Low Volatility Shares 7.0 0.0 15.0 4.0 0.0 10.0
Alternatives 11.0 0.0 20.0 5.0 0.0 10.0
Fixed Interest 28.0 15.0 45.0 40.0 35.0 65.0
Cash 50.0 20.0 65.0 45.0 20.0 60.0
Growth Assets 22.0 10.0 40.0 15.0 5.0 25.0
31
Notes to the Tables
• Changes in SAA target weights and ranges are shaded.
• Global Shares are 100% currency hedged under the old SAA.
• Australian Low Volatility Shares may include an allocation to International Shares (up to 25% of the allocation to Australian Low Volatility Shares). This exposure may or may not be hedged at the manager’s discretion.
• Global Low Volatility Shares are 0% currency hedged under the new and old SAAs.
• For all options with the exception of Participating Exempt, under the new SAA interest rate derivatives are used to more effectively manage asset/liability risk.
• As at 30 June 2018 the Alternatives allocation included allocations to Liquid Alternatives Risk Premia strategies and Global Unlisted Infrastructure (AUD Hedged).
• The asset allocation targets and ranges and asset class and hedging strategies are subject to change. Further details on the Capital Guaranteed investment options captured under each of the above tables is available from commbank.com.au/superreports
32
Changes to Whole of Life, Endowment and Pure Endowment (i.e. Traditional) participating (i.e. with bonus) products asset allocation changes The following changes to the strategic asset allocations for the participating (i.e. with bonus) versions of the Traditional products took effect
from 17 November 2017.
Table 1
Traditional Participating Ordinary and Super (ex-Prudential)
Strategic Asset Allocations New Old
Target Min Max Target Min Max
% % % % % %
Australian Shares - - - 7.5 0.0 30.0
Australian Low Volatility Shares 10.0 0.0 25.0 - - -
Global Shares - - - 7.5 0.0 30.0
Global Low Volatility Shares 15.0 0.0 30.0 10.0 0.0 20.0
Alternatives 25.0 0.0 40.0 25.0 0.0 35.0
Fixed Interest 26.0 15.0 40.0 45.0 25.0 60.0
Cash 24.0 10.0 50.0 5.0 0.0 30.0
Growth Assets 50.0 30.0 65.0 50.0 30.0 65.0
Table 2
Traditional Participating Super (CMLA and ex-L&G)
Strategic Asset Allocations New Old
Target Min Max Target Min Max
% % % % % %
Australian Shares - - - 5.0 0.0 30.0
Australian Low Volatility Shares 7.0 0.0 20.0 - - -
Global Shares - - - 5.0 0.0 30.0
Global Low Volatility Shares 11.0 0.0 25.0 5.0 0.0 20.0
Alternatives 18.0 0.0 30.0 25.0 0.0 35.0
Fixed Interest 24.0 10.0 35.0 50.0 35.0 70.0
Cash 40.0 20.0 65.0 5.0 0.0 30.0
Growth Assets 36.0 20.0 60.0 40.0 25.0 65.0
Notes to the Tables
• Changes in SAA target weights and ranges are shaded.
• Global Shares are 100% currency hedged under the old SAA.
• Australian Low Volatility Shares may include an allocation to International Shares (up to 25% of the allocation to Australian Low Volatility Shares). This exposure may or may not be hedged at the manager's discretion.
• Global Low Volatility Shares are 0% currency hedged under the new and old SAAs.
33
• For all options, under the new SAA interest rate derivatives are used to more effectively manage asset/liability risk.
• As at 30 June 2018, the Alternatives allocation included allocations to Liquid Alternatives Risk Premia strategies and Global Unlisted Infrastructure (AUD Hedged).
• The asset allocation targets and ranges and asset class and hedging strategies are subject to change.
34
Annual Performance Information - Contents
Click on the link below to go the relevant section of this document.
(Refer to your Annual Statement for the name of your product.)
Bond 2000 Colonial Private Trustee (W04)
Colonial Capital Secure Insurance Bond Colonial Prupac
Colonial Endowment Colonial Pure Endowment
Colonial Flexible Income Retirement Plan Colonial Retirement Accumulation Plan (WO2)
Colonial Funeral Bond (AF3) Colonial Retirement Investment Plan (WO1)
Colonial Insurance Bond - Old Series Colonial Retirement Plus Account (FA3, FB3)
Colonial Insurance Bond, Entry Fee Version Colonial Rollover Bond (E05, E06, E10)
Colonial Insurance Bond, Free Entry Plus Version Colonial Rollover Bond (EA3)
Colonial Insurance Bond, Series III Colonial Rollover Bond (EB3)
Colonial Insurance Bond, Series IV Colonial Rollover Bond (EC3, EF3)
Colonial Investment Bond (AA3, AG3, AH3) Colonial Rollover Deposit Plan (EO9)
Colonial Investment Linked Insurance Bond Colonial Select Allocated Pension
Colonial Life Umbrella (SO3) Colonial Select Personal Superannuation
Colonial Life Umbrella Super (WO3) Colonial Super Money Plan (WA3)
Colonial Living Money (E07, E08) Colonial Superannuation Bond (E01, E02)
Colonial Money Plan (SA3) Colonial Superannuation Bond (ED3, EE3, EG3)
Colonial Mutual Insurance Bond Colonial Tailored Annuity Plan - Allocated Annuity
Colonial Passbook (SB3) Colonial Umbrella Investment Plan (T10, T11, T12)
Colonial Personal Superannuation Bond (E03, E04) Colonial Umbrella Investment Plan (X10, X11, X12)
Colonial Personal Superannuation Portfolio Colonial Whole of Life CommInsure Investment Growth Bond (A01, A02, A03, A04, A05)
Rollover Deferred Annuity
CommInsure Investment Growth Bond (AO6) Roll-Over Plan
CPSL Master Fund Superannuation Roll-Over Plan - Rollover and Super Bond 93
CPSL Wholesale Investment Portfolios - Wholesale Exempt Business
Roll-Over Plan "S" Series
CPSL Wholesale Investment Portfolios - Wholesale Non Superannuation
Roll-Over Plan Goldseal
CPSL Wholesale Investment Portfolios - Wholesale Superannuation
SGIC Business Class Super Fund
Deferred Annuity Superannuation Bond "S" Series
Easy Saver Superannuation Bond (Capital Guaranteed Bond, Deferred Annuity)
Easy Saver Plus Superannuation Bond (Multi-Bond)
Free Entry Plus Trustee SuperBond Series III Superannuation Bond (Rollover and Super Bond 93)
Investment Bond "S" Series SuperBond
Investment Bond (Bond '90, Bond '92, Inlife Series 3) SuperBond 2000
Investment Bond (Bond '93) SuperBridge
Investment Bond (Capital Guaranteed Bond) SuperBridge - Investment Linked
Investment Bond (Managed PruBond, Roll-Over Plan Goldseal)
SuperBridge - New Series
Investment Bond (Multi-Bond) SuperBridge - Series III
InvestorPlan SuperBridge - Series IV
35
Lifebuilder SuperCash
Lifebuilder Superannuation SuperFlex Superannuation
LifeLink, LifeLink Plus Series 2, LifeLink Plus Series 3 SuperGuaranteeCARE
LifeWise Series 4 and 5 SuperLink, SuperLink Plus Series 2 and 3
Limited Offer Insurance Bond, Limited Offer Insurance Bond Multi-Option
SuperPlan Superannuation
Managed Investment Bond SuperSpan - Limited Offer, Limited Offer (multi option)
Managed Investment Plan SuperSpan II
Managed Investment Super Plan - Corporate SuperSpan II (multi option)
Managed Investment SuperPlan SuperSpan Plus
Managed Personal SuperPlan SuperSpan Plus Series III
Managed Savings Plan SuperSpan Plus Series IV
Personal SuperCARE SuperUnits
PruPlan Plus Superannuation SuperWise Series 4 and 5
PruPlan Superannuation Trustee Superannuation Bond, Old Series and Series III
PruPlan Superannuation "PruLink", PruPlan Superannuation "Unit-Linked"
Wealth Portfolio
Retirement Saver, Retirement Saver Plus Wealth Portfolio Superannuation
Colonial Mutual Superannuation Pty Ltd ABN 56 006 831 983 AFSL 235025 (the Trustee, we) and The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA) are both wholly owned non-guaranteed subsidiaries of Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945.
This Investment performance and other important information relates to:
• superannuation products as identified and issued by the Trustee that form part of Colonial Super Retirement Fund ABN 40 328 908 469 (CSRF, the Fund); and
• other superannuation and ordinary products issued by CMLA.
36
Performance explained
Unit-linked products
How we calculate performance
Returns are net of investment management fees, taxes and charges (where applicable).
Certain fees that are deducted directly from member accounts such as contribution, administration or withdrawal fees (if any) are excluded
when calculating performance returns. Performance is calculated on the change in the withdrawal unit prices for the period ending 30 June
2018 corresponding to the investment timeframe indicated, or where applicable, the crediting rate for the relevant period.
Your return
Your individual net return may differ from the returns quoted in this document. Your individual net return depends on the timing of any
transactions such as contributions, withdrawals, switches or unit adjustments during the period covered by the Annual Statement and your
mix of investment options.
Past performance is not indicative of future performance
Investments can go up and down and there is no guarantee that one investment option will outperform another. The performance of the
investment options is generally dependent on economic conditions, investment management and taxation laws.
Whole of Life, Endowment and Pure Endowment policies
Reversionary and terminal bonuses
Annual bonuses are additional to the sum insured and are payable under the same conditions as the sum insured. Reversionary bonuses
are guaranteed once declared and added to the policy.
Terminal bonuses are not guaranteed and they can increase, decrease, or be removed depending on investment performance.
The face value of bonuses is paid on death or maturity and is calculated per calendar year. Bonuses are worth less than their face value if
cashed in early.
A smoothing methodology is used when calculating bonuses each year. The rationale for this is to produce declared bonus rates that are
less volatile than the underlying investments. To achieve this, when the returns from the underlying investments are high, some of these
returns will be retained and not included in the bonus declaration for that year, in order to provide some buffer if investment returns
deteriorate. In times of low investment returns, these buffer amounts can then be drawn on to declare a higher bonus amount than would
have been possible if based solely on the returns of the underlying investments.
Other important information
This document has been prepared for general information only, not having regard to your investment objectives, financial situation or needs.
Because of this, you should consider the appropriateness of the information having regard to your own circumstances and the relevant PDS.
Before making a decision to act on any of this information, it is recommended that you seek financial advice specific to you. You should seek
advice from your taxation adviser in relation to taxation matters.
Composite Benchmark
The investment objectives for some investment options with exposure to more than one asset class include reference to a composite
benchmark.
The composite benchmark is calculated based on the weighted average target asset allocation and index returns for each asset class.
Ways to measure risk
Standard Risk Measure (SRM)
We have adopted the Standard Risk Measure (SRM), which is based on industry guidance, to allow investors to compare investment
options that are expected to deliver a similar number of negative annual returns over any 20-year period (as outlined below). The SRM for
each option is also a measure of the risk objective of the option. It is a measure of expected variability of the return of the option.
The SRM is not a complete assessment of all forms of investment risk; for instance, it does not detail what the size of a negative return could
be or the potential for a positive return to be less than an investor may require to meet their objectives. Further, it does not take into account
the impact of the proportion of the management fee attributable to administration costs or tax on the likelihood of a negative return.
Investors should ensure that they are still comfortable with the risks and potential losses associated with their chosen investment option(s).
The SRM should not be considered personal advice. Investors should regularly review their investment decision with their financial adviser.
37
Risk Label Estimated number of negative annual
returns over any 20-year period
Very low Less than 0.5
Low 0.5 to less than 1
Low to medium 1 to less than 2
Medium 2 to less than 3
Medium to high 3 to less than 4
High 4 to less than 6
Very high 6 or greater
The notes below relate to the footnotes mentioned on pages 38 – 196 of this document.
1. The asset allocations and the assets in the product can vary at the discretion of the investment manager. The investment managers aim to maintain the investments within the minimum and maximum ranges published. However there
may be times when asset allocations fall outside these ranges.
For any unit linked products, up to 4% of the allocation to Australian Shares may be invested in International Shares, with currency hedging at the discretion of the
manager.
For any non-unit linked products the allocation to Global Shares includes an allocation to two underlying strategies: Global Low Volatility Equities and
Australian Low Volatility Equities. Up to 25% of the exposure to Australian Low Volatility Equities can be in International Shares with the currency hedging at the
discretion of the manager.”
2. The Indirect Cost Ratio covers the costs of managing your investment options and includes investment and administration costs for the investment managers and the responsible entities of the underlying trusts in which CMLA invests. Custody and other costs have been included in cases where these have not been deducted from the underlying assets. The fee is calculated as a percentage
of the total assets of the investment option and varies from time to time. It is
deducted from the investment option assets before the unit prices are calculated.
3. Participating capital guaranteed. We distribute profits to policyholders through the declaration of bonus rates. We do not allow for fees in the determination of bonus rates. On those policies where the guaranteed rate is higher than the declared rate, the guaranteed rate would apply.
4. Non-participating capital guaranteed. On those policies where the guaranteed rate is higher than the declared rate, the guaranteed rate would apply.
5. CMLA charges a fee in the unit price. Please note that this fee is fully rebated via issued units within the Colonial Personal Superannuation Portfolio only.
6. We distribute profits to policyholders through the declaration of bonus rates. We do not allow for fees in the determination of bonus rates.
7. Superannuation and ordinary life products issued by CMLA.
8. Superannuation products issued by the Trustee for CSRF. The Trustee does not guarantee the accuracy or correctness of information relating to products it does not issue.
9. Not all the investment options are available or applicable to your policy. Please refer to your policy document for the applicable options or contact us for further details.
10. Advance Contribution Account (ACA), effective 1 December 2007 for ordinary products.
11. The investment option is closed to new investors.
* For options with an asterisk (*) against the fee, the fee is calculated as a percentage of your account value.
** For options with two asterisks (**) against the fee, no explicit investment management fee applies on this investment option. The returns shown are net of any expenses and CMLA’s share of profits on the underlying investments.
o Listed property investments may include Australian and international listed property trusts (hedged).
oo Alternative investments offer the opportunity for enhanced returns and further portfolio diversification. Alternative investments are investments in non-traditional sectors that may be illiquid in nature. They may include but are not limited to alternative risk premia strategies, private equity, mortgages, direct property, development capital, infrastructure and hedge funds.
38
Whole of Life, Endowment and Pure Endowment policies originally issued by CMLA and Scottish Amicable insurance companies
Return to contents
39
Return to contents
Asset Allocation at 30 June 20181
Ordinary – 5 PT Superannuation – 1 PT
◼ Australian Shares 0%
◼ Australian Shares 0%
◼ Global Shares 27.3% ◼ Global Shares 20.3%
◼ Alternatives00 25% ◼ Alternatives00 17.2%
◼ Fixed interest 27.6% ◼ Fixed interest 25.7%
◼ Cash 20.1% ◼ Cash 36.8%
Contract/
component
code
Statutory fundSum assured
($)
Reversionary
bonus ($)
Sum assured
($)
Reversionary
bonus ($)
Sum assured
($)
Reversionary
bonus ($)
Sum assured
($)
Reversionary
bonus ($)
Sum assured
($)
Reversionary
bonus ($)
Ordinary7
Whole of Life - LargeC01H, C01I,
C01U5 PT 40.0-410.0 40.0-410.0 30.0-370.0 30.0-370.0 20.0-350.0 20.0-350.0 20.0-350.0 20.0-350.0 20.0-350.0 20.0-350.0
Whole of Life - SmallC01P, C01Q,
C01T5 PT 40.0-410.0 40.0-410.0 30.0-370.0 30.0-370.0 20.0-350.0 20.0-350.0 20.0-350.0 20.0-350.0 20.0-350.0 20.0-350.0
Endow ment - Large C02E, C02I 5 PT 170.0-640.0 170.0-640.0 120.0-560.0 120.0-560.0 70.0-490.0 70.0-490.0 60.0-480.0 60.0-480.0 40.0-450.0 40.0-450.0
Endow ment - SmallC02G, C02H,
C02J5 PT 170.0-640.0 170.0-640.0 120.0-560.0 120.0-560.0 70.0-490.0 70.0-490.0 60.0-480.0 60.0-480.0 40.0-450.0 40.0-450.0
Pure Endow ment C03B 5 PT 170.0-560.0 170.0-560.0 160.0-540.0 160.0-540.0 140.0-480.0 140.0-480.0 140.0-480.0 140.0-480.0 140.0-480.0 140.0-480.0
Whole of Life 1996
SeriesC01G 5 PT 20.0 20.0 20.0 20.0 20.0 20.0 30.0 30.0 50 50
Whole of Life,
Endow ment and Pure
Endow ment 1960
C01A, C01B,
C02A, C02B5 PT 90.0-460.0 90.0-460.0 90.0-460.0 90.0-460.0 90.0-460.0 90.0-460.0 90.0-460.0 90.0-460.0 90.0-460.0 90.0-460.0
Whole of Life,
Endow ment and Pure
Endow ment 1974
C01D, C01E,
C02C, C02D5 PT 160.0-840.0 160.0-840.0 160.0-840.0 160.0-840.0 150.0-820.0 150.0-820.0 150.0-820.0 150.0-820.0 150.0-820.0 150.0-820.0
Whole of Life - Large G01I 1 PT 80.0-740.0 80.0-740.0 50.0-670.0 50.0-670.0 30.0-650.0 30.0-650.0 30.0-650.0 30.0-650.0 20.0-650.0 20.0-650.0
Whole of Life - Small G01Q 1 PT 80.0-740.0 80.0-740.0 50.0-670.0 50.0-670.0 30.0-650.0 30.0-650.0 30.0-650.0 30.0-650.0 20.0-650.0 20.0-650.0
Pure Endow ment G03B 1 PT 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0
Endow ment - Large G02E, G02I 1 PT 100.0-640.0 100.0-640.0 50.0-540.0 50.0-540.0 30.0-490.0 30.0-490.0 10.0-460.0 10.0-460.0 10.0-450.0 10.0-450.0
Endow ment - Small G02G, G02J 1 PT 100.0-640.0 100.0-640.0 50.0-540.0 50.0-540.0 30.0-490.0 30.0-490.0 10.0-460.0 10.0-460.0 10.0-450.0 10.0-450.0
Whole of Life 1996
SeriesG01G 1 PT 270.0 270.0 250.0 250.0 240.0 240.0 240.0 240.0 240 240
Whole of Life,
Endow ment and Pure
Endow ment 1960
G01B, G02A 1 PT 70.0-490.0 70.0-490.0 80.0-550.0 80.0-550.0 80.0-550.0 80.0-550.0 80.0-550.0 80.0-550.0 60.0-530.0 60.0-530.0
Whole of Life,
Endow ment and Pure
Endow ment 1974
G01E, G02C,
G03A1 PT 120.0-1230.0 120.0-1230.0 90.0-1130.0 90.0-1130.0 60.0-1090.0 60.0-1090.0 50.0-1070.0 50.0-1070.0 50.0-1050.0 50.0-1050.0
Terminal Bonus
Superannuation7,8
Whole of Life, Endowment and Pure Endowment policies originally issued by CMLA and Scottish
Amicable insurance companies (cont.)2017 bonus rate6 (per $1000) 2016 bonus rate6 (per $1000) 2015 bonus rate6 (per $1000) 2014 bonus rate6 (per $1000) 2013 bonus rate6 (per $1000)
40
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Asset Allocation at 30 June 20181
Ordinary – 5 PT Superannuation – 1 PT
◼ Australian Shares 0%
◼ Australian Shares 0%
◼ Global Shares 27.3% ◼ Global Shares 20.3%
◼ Alternatives00 25% ◼ Alternatives00 17.2%
◼ Fixed interest 27.6% ◼ Fixed interest 25.7%
◼ Cash 20.1% ◼ Cash 36.8%
Whole of Life and Endowment policies originally issued by the Legal & General insurance company
Contract/
component
code
Statutory fundSum assured
($)
Reversionary
bonus ($)
Sum assured
($)
Reversionary
bonus ($)
Sum assured
($)
Reversionary
bonus ($)
Sum assured
($)
Reversionary
bonus ($)
Sum assured
($)
Reversionary
bonus ($)
Premium Pay ing -
Rev ersionary
I02, I04, I06,
I07, I08, I095 PT 2 2 1 1 1 1 1.5 1.5 2 2
Paid Up - Rev ersionaryI02, I04, I06,
I07, I08, I095 PT 2 2 1 1 1 1 1.5 1.5 2 2
Premium Pay ing -
Rev ersionary
N02, N04,
N06, N081 PT 2 2 2 2 1 1 1 1 1.5 1.5
Paid Up - Rev ersionaryN02, N04,
N06, N081 PT 2 2 2 2 1 1 1 1 1.5 1.5
Premium Pay ing -
Terminal
I02, I04, I06,
I07, I08, I095 PT 200.0 200.0 170.0-190.0 170.0-190.0 160.0-190.0 160.0-190.0 160.0-210.0 160.0-210.0 170.0-220.0 170.0-220.0
Paid Up - TerminalI02, I04, I06,
I07, I08, I095 PT 200.0 200.0 170.0-190.0 170.0-190.0 160.0-190.0 160.0-190.0 160.0-210.0 160.0-210.0 170.0-220.0 170.0-220.0
Premium Pay ing -
Terminal
N02, N04,
N06, N081 PT 40.0 40.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0
Paid Up - TerminalN02, N04,
N06, N081 PT 40.0 40.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0
Rev ersionary Bonus
Ordinary7
Superannuation7,8
Terminal Bonus
Ordinary7
Superannuation7,8
2017 bonus rate6 (per $1000) 2016 bonus rate6 (per $1000) 2015 bonus rate6 (per $1000) 2014 bonus rate6 (per $1000) 2013 bonus rate6 (per $1000)
41
Return to contents
Contract/
component
code
Statutory fundSum assured
($)
Reversionary
bonus ($)
Sum assured
($)
Reversionary
bonus ($)
Sum assured
($)
Reversionary
bonus ($)
Sum assured
($)
Reversionary
bonus ($)
Sum assured
($)
Reversionary
bonus ($)
Series 1 -
Rev ersionary
C11A, C11B,
C12A5 PT 38 38 36 36 45 45 45 45 45 45
Series 2 -
Rev ersionary
C11D, C11E,
C12B, C12C,
C13A
5 PT 9 9 9.5 9.5 11 11 14 14 17.5 17.5
Series 4 -
Rev ersionary
C11G, C12E,
C13B5 PT 10 10 11 11 12 12 15 15 17.5 17.5
Series 5 -
Rev ersionaryC11I, C12G 5 PT 8 8 9.5 9.5 10.5 10.5 13 13 16 16
Series 6 -
Rev ersionaryC11F 5 PT 9 9 9.5 9.5 10 10 13.5 13.5 16 16
Series A, B, C, D, E, F,
G, I, J, K, L, M, N, P,
Q, R, S, T, U, V, X & Z
- Rev ersionary
C11C, C11H,
C11J, C11Q,
C11R, C12I,
C12J, C12K,
C13D, C20A,
C20B, C20C,
C20D, C20E,
C20F, C20G,
C20H
5 PT 6.5 6.5 8.5 8.5 10 10 12.5 12.5 14.5 14.5
Series 1 -
Rev ersionaryG11B 1 PT 33 33 33 33 41 41 43 43 43 43
Series 2 -
Rev ersionary
G11E, G12C,
G13A1 PT 8 8 8 8 9.5 9.5 11 11 11.5 11.5
Series 3 -
Rev ersionaryG11K, G12L 1 PT 12 12 10 10 11 11 11 11 10 10
Series 4 -
Rev ersionary
G11G, G12E,
G13B1 PT 12 12 12 12 14 14 16.5 16.5 17.5 17.5
Series 5 -
Rev ersionaryG11I, G12G 1 PT 14.5 14.5 14.5 14.5 17 17 19 19 20 20
Series A, C, E, G, H, I,
J, L, M, Q, R, U & Z -
Rev ersionary
G11Q, G11R,
G12I, G12J,
G12K, G13D,
G13E, G20A,
G20B, G20D,
G20E, G20G,
G20H
1 PT 14 14 12.5 12.5 14 14 12.5 12.5 10.5 10.5
Rev ersionary Bonus
Ordinary7
Superannuation7,8
Whole of Life, Endowment and Pure Endowment policies originally issued by Aetna and Prudential
Assurance companies2017 bonus rate6 (per $1000) 2016 bonus rate6 (per $1000) 2015 bonus rate6 (per $1000) 2014 bonus rate6 (per $1000) 2013 bonus rate6 (per $1000)
42
Return to contents
Asset Allocation at 30 June 20181
Ordinary – 5 PT Superannuation – 1 PT
◼ Australian Shares 0%
◼ Australian Shares 0%
◼ Global Shares 27.3% ◼ Global Shares 20.3%
◼ Alternatives00 25% ◼ Alternatives00 17.2%
◼ Fixed interest 27.6% ◼ Fixed interest 25.7%
◼ Cash 20.1% ◼ Cash 36.8%
Prupac
Contract/
component
code
Statutory fundSum assured
($)
Reversionary
bonus ($)
Sum assured
($)
Reversionary
bonus ($)
Sum assured
($)
Reversionary
bonus ($)
Sum assured
($)
Reversionary
bonus ($)
Sum assured
($)
Reversionary
bonus ($)
Series 1 - TerminalC11A, C11B,
C12A5 PT 0.0-4470.0 N/A 0.0-4080.0 N/A 0.0-3930.0 N/A 0.0-3930.0 N/A 0.0-3930.0 N/A
Series 2 - Terminal
C11D, C11E,
C12B, C12C,
C13A
5 PT 290.0-6030.0 N/A 290.0-5710.0 N/A 280.0-5680.0 N/A 280.0-5680.0 N/A 280.0-5680.0 N/A
Series 4 - TerminalC11G, C12E,
C13B5 PT 250.0-720.0 N/A 220.0-680.0 N/A 210.0-670.0 N/A 210.0-670.0 N/A 210.0-670.0 N/A
Series 5 - Terminal C11I, C12G 5 PT 380.0-610.0 N/A 380.0-560.0 N/A 380.0-560.0 N/A 380.0-560.0 N/A 380.0-560.0 N/A
Series 6 - Terminal C11F 5 PT 430.0-810.0 N/A 410.0-770.0 N/A 410.0-770.0 N/A 410.0-770.0 N/A 410.0-770.0 N/A
Series A, B, C, D, E, F,
G, I, J, K, L, M, N, P,
Q, R, S, T, U, V, X & Z
- Terminal
C11C, C11H,
C11J, C11Q,
C11R, C12I,
C12J, C12K,
C13D, C20A,
C20B, C20C,
C20D, C20E,
C20F, C20G,
C20H
5 PT 130.0-880.0 N/A 150.0-720.0 N/A 120.0-650.0 N/A 120.0-650.0 N/A 120.0-650.0 N/A
Series 1 - Terminal G11B 1 PT 430.0-8310.0 N/A 340.0-7100.0 N/A 250.0-5840.0 N/A 230.0-5530.0 N/A 230.0-5530.0 N/A
Series 2 - TerminalG11E, G12C,
G13A1 PT 370.0-6300.0 N/A 260.0-5460.0 N/A 210.0-5130.0 N/A 220.0-5130.0 N/A 210.0-5020.0 N/A
Series 3 - Terminal G11K, G12L 1 PT 330.0-1350.0 N/A 270.0-1140.0 N/A 200.0-890.0 N/A 170.0-790.0 N/A 120.0-640.0 N/A
Series 4 - TerminalG11G, G12E,
G13B1 PT 270.0-670.0 N/A 200.0-570.0 N/A 170.0-520.0 N/A 150.0-520.0 N/A 150.0-520.0 N/A
Series 5 - Terminal G11I, G12G 1 PT 330.0-680.0 N/A 260.0-600.0 N/A 250.0-530.0 N/A 250.0-530.0 N/A 250.0-530.0 N/A
Series A, C, E, G, H, I,
J, L, M, Q, R, U & Z -
Terminal
G11Q, G11R,
G12I, G12J,
G12K, G13D,
G13E, G20A,
G20B, G20D,
G20E, G20G,
G20H
1 PT 300.0-1700.0 N/A 240.0-1270.0 N/A 160.0-1020.0 N/A 150.0-920.0 N/A 120.0-770.0 N/A
Terminal Bonus
Ordinary7
Superannuation7,8
Whole of Life, Endowment and Pure Endowment policies originally issued by Aetna and Prudential
Assurance companies (cont.)2017 bonus rate6 (per $1000) 2016 bonus rate6 (per $1000) 2015 bonus rate6 (per $1000) 2014 bonus rate6 (per $1000) 2013 bonus rate6 (per $1000)
43
Return to contents
Asset Allocation at 30 June 20181
Ordinary – 5 PI Superannuation – 1 PI
◼ Australian Shares 0%
◼ Australian Shares 0%
◼ Global Shares 11% ◼ Global Shares 11.4%
◼ Alternatives00 9.1% ◼ Alternatives00 9.7%
◼ Fixed interest 32.2% ◼ Fixed interest 31.4%
◼ Cash 47.7% ◼ Cash 47.5%
44
Return to contents
Asset Allocation at 30 June 20181
Ordinary – 5NPI Superannuation – 1NPI
◼ Australian Shares 0%
◼ Australian Shares 0%
◼ Global Shares 12.7% ◼ Global Shares 12.8%
◼ Alternativesoo 9.7% ◼ Alternativesoo 9.7%
◼ Fixed interest 29.0% ◼ Fixed interest 29.0%
◼ Cash 48.6% ◼ Cash 48.6%
Advance Contribution Account (ACA)
2018 2017 2016 2015 2014
Ordinary7
5NPI 1.07 0.79 1.10 1.63 1.83 1.32 1.95 0.50%
Superannuation7,8
1NPI 1.56 1.21 1.58 2.20 2.43 1.84 2.61 0.50%
Statutory fundYearly returns as at 30 June (%)
5 years (%p.a.)10 years
(%p.a.)
Investment
management
fee (%p.a.)
45
Investment LifeBuilder, Wealth Portfolio, InvestorPlan7 (LB, WP, INVESTNI)
Capital Stable Primary Fund (Wealth Portfolio) - CAPN
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.99
2017 0.21 ●Australian Shares 10.5%
2016 -1.64 ●Global Shares 10.6%
2015 0.21 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.76 2014 1.47 ●Alternatives°° 12.0%
5 years (% p.a.) 0.44 ●Fixed Interest°°° 34.3%
10 years (% p.a.) -0.01 ●Cash 32.6%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Capital Stable Growth Fund (Wealth Portfolio) - CAPGN
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.99
2017 2.53 ●Australian Shares 10.5%
2016 1.41 ●Global Shares 10.6%
2015 3.31 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.76 2014 4.63 ●Alternatives°° 12.0%
5 years (% p.a.) 2.77 ●Fixed Interest°°° 34.3%
10 years (% p.a.) 2.70 ●Cash 32.6%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Capital Stable Growth Plus Fund - CAPGPN
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.21
2017 2.88 ●Australian Shares 10.5%
2016 1.85 ●Global Shares 10.6%
2015 3.79 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.56 2014 5.15 ●Alternatives°° 12.0%
5 years (% p.a.) 3.17 ●Fixed Interest°°° 34.3%
10 years (% p.a.) 3.13 ●Cash 32.6%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Balanced Primary Fund (Wealth Portfolio) - BALN
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.74
2017 4.73 ●Australian Shares 29.2%
2016 -2.42 ●Global Shares 28.6%
2015 2.97 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.91 2014 6.05 ●Alternatives°° 16.9%
5 years (% p.a.) 3.37 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 1.55 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
46
Balanced Growth Fund (Wealth Portfolio) - BALGN
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.74
2017 7.16 ●Australian Shares 29.2%
2016 0.61 ●Global Shares 28.6%
2015 6.16 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.91 2014 9.35 ●Alternatives°° 16.9%
5 years (% p.a.) 5.76 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.30 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Balanced Growth Plus Fund - BALGPN
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.02
2017 7.60 ●Australian Shares 29.2%
2016 1.13 ●Global Shares 28.6%
2015 6.65 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.65 2014 9.91 ●Alternatives°° 16.9%
5 years (% p.a.) 6.22 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.74 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Equity Profile Primary Fund (Wealth Portfolio) - EQPN
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.54
2017 6.34 ●Australian Shares 35.0%
2016 -3.12 ●Global Shares 34.2%
2015 3.62 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.98 2014 7.03 ●Alternatives°° 18.3%
5 years (% p.a.) 4.01 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.73 ●Cash 12.5%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
47
Equity Profile Growth Fund (Wealth Portfolio) - EQPGN
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.54
2017 8.80 ●Australian Shares 35.0%
2016 -0.12 ●Global Shares 34.2%
2015 6.82 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.98 2014 10.36 ●Alternatives°° 18.3%
5 years (% p.a.) 6.42 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 4.48 ●Cash 12.5%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
Equity Profile Growth Plus Fund - EQPGPN
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.90
2017 9.20 ●Australian Shares 35.0%
2016 0.32 ●Global Shares 34.2%
2015 7.31 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.64 2014 10.90 ●Alternatives°° 18.3%
5 years (% p.a.) 6.86 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 4.93 ●Cash 12.5%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
Capital Guaranteed (Wealth Portfolio) - CGORD1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.54
2017 3.35 ●Australian Shares 0.0%
2016 3.75 ●Global Shares 11.0%
2015 4.20 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.15 2014 4.47 ●Alternatives°° 9.1%
5 years (% p.a.) 3.86 ●Fixed Interest°°° 32.2%
10 years (% p.a.) 3.95 ●Cash 47.7%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
48
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Capital Guaranteed - CGORD2
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.54
2017 3.35 ●Australian Shares 0.0%
2016 3.75 ●Global Shares 11.0%
2015 4.20 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.15 2014 4.47 ●Alternatives°° 9.1%
5 years (% p.a.) 3.86 ●Fixed Interest°°° 32.2%
10 years (% p.a.) 3.95 ●Cash 47.7%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
49
Investment Bond (Multi-Bond)7 (INVBOND1)
Cash Fund - CASH-N
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.03
2017 0.02 ●Australian Shares 0.0%
2016 0.10 ●Global Shares 0.0%
2015 0.32 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.79 2014 0.35 ●Alternatives°° 0.0%
5 years (% p.a.) 0.17 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 0.89 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Stable Fund - CAPSNG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.73
2017 2.41 ●Australian Shares 10.5%
2016 1.40 ●Global Shares 10.6%
2015 3.29 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.02 2014 4.62 ●Alternatives°° 12.0%
5 years (% p.a.) 2.68 ●Fixed Interest°°° 34.3%
10 years (% p.a.) 2.66 ●Cash 32.6%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Balanced Fund - BALI-N
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.53
2017 7.07 ●Australian Shares 29.2%
2016 0.64 ●Global Shares 28.6%
2015 6.13 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.14 2014 9.32 ●Alternatives°° 16.9%
5 years (% p.a.) 5.70 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.27 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Equity Profile Fund - EPNG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.38
2017 8.73 ●Australian Shares 35.0%
2016 -0.13 ●Global Shares 34.2%
2015 6.82 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.12 2014 10.35 ●Alternatives°° 18.3%
5 years (% p.a.) 6.37 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 4.45 ●Cash 12.5%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
50
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Capital Guaranteed - CGORD1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.54
2017 3.35 ●Australian Shares 0.0%
2016 3.75 ●Global Shares 11.0%
2015 4.20 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.15 2014 4.47 ●Alternatives°° 9.1%
5 years (% p.a.) 3.86 ●Fixed Interest°°° 32.2%
10 years (% p.a.) 3.95 ●Cash 47.7%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
51
Investment Bond (Bond '90, Bond '92, Inlife Series 3)7 (BOND-N, BOND-N92, XINLIFE-NB)
Cash Fund - CAPFNG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.03
2017 0.03 ●Australian Shares 0.0%
2016 0.11 ●Global Shares 0.0%
2015 0.33 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.79 2014 0.26 ●Alternatives°° 0.0%
5 years (% p.a.) 0.15 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 0.89 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Stable Fund - CAPSNG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.73
2017 2.41 ●Australian Shares 10.5%
2016 1.40 ●Global Shares 10.6%
2015 3.29 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.02 2014 4.62 ●Alternatives°° 12.0%
5 years (% p.a.) 2.68 ●Fixed Interest°°° 34.3%
10 years (% p.a.) 2.66 ●Cash 32.6%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Capital Stable II Fund (Bond'92) - CS2NG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.73
2017 2.40 ●Australian Shares 10.5%
2016 1.42 ●Global Shares 10.6%
2015 3.28 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.02 2014 4.65 ●Alternatives°° 12.0%
5 years (% p.a.) 2.69 ●Fixed Interest°°° 34.3%
10 years (% p.a.) 2.67 ●Cash 32.6%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Balanced Fund - BALANG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.51
2017 7.05 ●Australian Shares 29.2%
2016 0.67 ●Global Shares 28.6%
2015 6.15 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.14 2014 9.34 ●Alternatives°° 16.9%
5 years (% p.a.) 5.70 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.26 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
52
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Equity Profile Fund - EPNG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.38
2017 8.73 ●Australian Shares 35.0%
2016 -0.13 ●Global Shares 34.2%
2015 6.82 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.12 2014 10.35 ●Alternatives°° 18.3%
5 years (% p.a.) 6.37 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 4.45 ●Cash 12.5%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
Capital Guaranteed - CGORD1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.54
2017 3.35 ●Australian Shares 0.0%
2016 3.75 ●Global Shares 11.0%
2015 4.20 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.15 2014 4.47 ●Alternatives°° 9.1%
5 years (% p.a.) 3.86 ●Fixed Interest°°° 32.2%
10 years (% p.a.) 3.95 ●Cash 47.7%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
53
Investment Bond 'S' Series, Investment Bond (Managed PruBond, Inlife Series 2)7 (SBOND-N, PRUBONDM, XINLIFE-NA)
Cash Fund - SCPFNG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.34
2017 0.42 ●Australian Shares 0.0%
2016 0.56 ●Global Shares 0.0%
2015 0.79 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.41 2014 0.71 ●Alternatives°° 0.0%
5 years (% p.a.) 0.56 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.32 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Stable Fund - SCPSNG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.20
2017 2.88 ●Australian Shares 10.5%
2016 1.85 ●Global Shares 10.6%
2015 3.76 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.56 2014 5.10 ●Alternatives°° 12.0%
5 years (% p.a.) 3.15 ●Fixed Interest°°° 34.3%
10 years (% p.a.) 3.12 ●Cash 32.6%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Balanced Fund (Investment Bond 'S' Series, Inlife Series 2) - SBALNG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.01
2017 7.60 ●Australian Shares 29.2%
2016 1.14 ●Global Shares 28.6%
2015 6.64 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.65 2014 9.84 ●Alternatives°° 16.9%
5 years (% p.a.) 6.21 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.74 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Balanced Fund (Investment Bond - Managed Pru Bond) - BOND4N
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.02
2017 7.59 ●Australian Shares 29.2%
2016 1.12 ●Global Shares 28.6%
2015 6.64 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.65 2014 9.85 ●Alternatives°° 16.9%
5 years (% p.a.) 6.20 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.74 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
54
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Equity Profile Fund - SEPNG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.89
2017 9.23 ●Australian Shares 35.0%
2016 0.35 ●Global Shares 34.2%
2015 7.32 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.64 2014 10.87 ●Alternatives°° 18.3%
5 years (% p.a.) 6.87 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 4.93 ●Cash 12.5%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
Capital Guaranteed - CGORD1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.54
2017 3.35 ●Australian Shares 0.0%
2016 3.75 ●Global Shares 11.0%
2015 4.20 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.15 2014 4.47 ●Alternatives°° 9.1%
5 years (% p.a.) 3.86 ●Fixed Interest°°° 32.2%
10 years (% p.a.) 3.95 ●Cash 47.7%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
55
Investment Bond (Bond '93)7 (IB93)
Fixed Interest Fund - FI93NG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 -0.52
2017 -0.48 ●Australian Shares 0.0%
2016 2.66 ●Global Shares 0.0%
2015 1.73 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.06 2014 3.48 ●Alternatives°° 0.0%
5 years (% p.a.) 1.36 ●Fixed Interest°°° 99.2%
10 years (% p.a.) 2.35 ●Cash 0.8%
To provide relatively stable returns by investing in
Australian and global fixed interest securities. To
outperform the option’s composite benchmark over a
rolling three-year period before fees and taxes.
Risk: Medium
Capital Stable Fund - CS93NG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.64
2017 2.30 ●Australian Shares 10.5%
2016 1.29 ●Global Shares 10.6%
2015 3.18 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.12 2014 4.51 ●Alternatives°° 12.0%
5 years (% p.a.) 2.58 ●Fixed Interest°°° 34.3%
10 years (% p.a.) 2.55 ●Cash 32.6%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Balanced Fund - B93NG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.40
2017 6.97 ●Australian Shares 29.2%
2016 0.53 ●Global Shares 28.6%
2015 6.04 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.24 2014 9.22 ●Alternatives°° 16.9%
5 years (% p.a.) 5.59 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.17 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
56
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Equity Profile Fund - EP93NG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.30
2017 8.63 ●Australian Shares 35.0%
2016 -0.23 ●Global Shares 34.2%
2015 6.74 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.22 2014 10.24 ●Alternatives°° 18.3%
5 years (% p.a.) 6.27 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 4.35 ●Cash 12.5%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
Capital Guaranteed - CGORD1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.54
2017 3.35 ●Australian Shares 0.0%
2016 3.75 ●Global Shares 11.0%
2015 4.20 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.15 2014 4.47 ●Alternatives°° 9.1%
5 years (% p.a.) 3.86 ●Fixed Interest°°° 32.2%
10 years (% p.a.) 3.95 ●Cash 47.7%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
57
Investment Bond (Capital Guaranteed Bond) (XAETBNDN)
Return to contents
Capital Guaranteed - CGORD1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.54
2017 3.35 ●Australian Shares 0.0%
2016 3.75 ●Global Shares 11.0%
2015 4.20 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.15 2014 4.47 ●Alternatives°° 9.1%
5 years (% p.a.) 3.86 ●Fixed Interest°°° 32.2%
10 years (% p.a.) 3.95 ●Cash 47.7%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
58
Managed Investment Bond7 (MIB)
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Capital Guaranteed Cash Fund - SOGA
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.26
2017 0.35 ●Australian Shares 0.0%
2016 0.48 ●Global Shares 0.0%
2015 0.70 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.49 2014 0.63 ●Alternatives°° 0.0%
5 years (% p.a.) 0.48 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.24 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Managed Growth Fund - SOMA
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.35
2017 7.93 ●Australian Shares 29.2%
2016 1.44 ●Global Shares 28.6%
2015 6.97 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.34 2014 10.14 ●Alternatives°° 16.9%
5 years (% p.a.) 6.53 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 5.01 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
59
Bond 20007 (M2000)
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Capital Guaranteed Cash Fund - SOGB
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.27
2017 0.33 ●Australian Shares 0.0%
2016 0.47 ●Global Shares 0.0%
2015 0.72 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.49 2014 0.63 ●Alternatives°° 0.0%
5 years (% p.a.) 0.48 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.24 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Managed Growth Fund - SOMB
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.02
2017 7.62 ●Australian Shares 29.2%
2016 1.14 ●Global Shares 28.6%
2015 6.67 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.65 2014 9.81 ●Alternatives°° 16.9%
5 years (% p.a.) 6.21 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.70 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
60
Easy Saver, Easy Saver Plus7 (EASYSAVER, EASYSAVER+)
Capital Guaranteed Fund (Easy Saver) (non-participating)4 - AM
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.14
2017 0.83 ●Australian Shares 0.0%
2016 1.73 ●Global Shares 12.7%
2015 2.42 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.79 2014 2.94 ●Alternatives°° 9.7%
5 years (% p.a.) 1.60 ●Fixed Interest°°° 29.0%
10 years (% p.a.) 1.63 ●Cash 48.6%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed Fund (Easy Saver Plus) (non-participating)4 - AM
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.14
2017 0.83 ●Australian Shares 0.0%
2016 1.73 ●Global Shares 12.7%
2015 2.42 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.79 2014 2.94 ●Alternatives°° 9.7%
5 years (% p.a.) 1.60 ●Fixed Interest°°° 29.0%
10 years (% p.a.) 1.63 ●Cash 48.6%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed Cash Fund - VM
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.20
2017 0.22 ●Australian Shares 0.0%
2016 0.27 ●Global Shares 0.0%
2015 0.51 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.54 2014 0.36 ●Alternatives°° 0.0%
5 years (% p.a.) 0.31 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.10 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
61
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Capital Secure Fund - DM
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.92
2017 2.61 ●Australian Shares 10.5%
2016 1.59 ●Global Shares 10.6%
2015 3.48 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.82 2014 4.83 ●Alternatives°° 12.0%
5 years (% p.a.) 2.88 ●Fixed Interest°°° 34.3%
10 years (% p.a.) 2.87 ●Cash 32.6%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Balanced Fund - MM
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.74
2017 7.29 ●Australian Shares 29.2%
2016 0.86 ●Global Shares 28.6%
2015 6.36 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.92 2014 9.58 ●Alternatives°° 16.9%
5 years (% p.a.) 5.93 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.46 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Managed Growth Fund (LJ and LM Units) - LM
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.76
2017 7.29 ●Australian Shares 29.2%
2016 0.86 ●Global Shares 28.6%
2015 6.35 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.92 2014 9.48 ●Alternatives°° 16.9%
5 years (% p.a.) 5.91 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.47 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Managed Growth Fund (PJ and PM units) - PM
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.75
2017 7.32 ●Australian Shares 29.2%
2016 0.86 ●Global Shares 28.6%
2015 6.35 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.92 2014 9.61 ●Alternatives°° 16.9%
5 years (% p.a.) 5.94 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.48 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
62
LifeWise - Series 4 and 57 (LIFEWISE4, LIFEWISE5)
Capital Guaranteed Fund (non-participating)4 - J
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.12
2017 0.02 ●Australian Shares 0.0%
2016 0.48 ●Global Shares 12.7%
2015 1.17 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.84 2014 1.68 ●Alternatives°° 9.7%
5 years (% p.a.) 0.69 ●Fixed Interest°°° 29.0%
10 years (% p.a.) 0.62 ●Cash 48.6%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed Cash Fund (Series 5) - VP
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.19
2017 0.00 ●Australian Shares 0.0%
2016 0.00 ●Global Shares 0.0%
2015 0.00 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.44 2014 0.01 ●Alternatives°° 0.0%
5 years (% p.a.) 0.04 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 0.33 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Secure Fund (Series 5) - DP
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.77
2017 1.30 ●Australian Shares 10.5%
2016 0.31 ●Global Shares 10.6%
2015 2.17 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2 2014 3.54 ●Alternatives°° 12.0%
5 years (% p.a.) 1.81 ●Fixed Interest°°° 34.3%
10 years (% p.a.) 1.66 ●Cash 32.6%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
63
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Managed Growth Fund - LP
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.49
2017 5.89 ●Australian Shares 29.2%
2016 -0.48 ●Global Shares 28.6%
2015 4.96 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.16 2014 8.14 ●Alternatives°° 16.9%
5 years (% p.a.) 4.76 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 3.25 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
64
LifeLink, LifeLink Plus - Series 2 and 37 (LL1, LL2, LLB3)
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Managed Growth Fund (Lifelink and Series 2) - LL1, LL2
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.03
2017 8.62 ●Australian Shares 29.2%
2016 2.09 ●Global Shares 28.6%
2015 7.66 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.7 2014 10.88 ●Alternatives°° 16.9%
5 years (% p.a.) 7.22 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 5.71 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Managed Growth Fund (Series 3) - B
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.72
2017 7.29 ●Australian Shares 29.2%
2016 0.83 ●Global Shares 28.6%
2015 6.36 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.92 2014 9.56 ●Alternatives°° 16.9%
5 years (% p.a.) 5.91 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.48 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
65
Managed Investment Plan, Managed Savings Plan7 (MIP1, MIP3, MSP)
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Capital Guaranteed Cash Fund (Early Series/Late Series) - OG_PROT, OG_UNPROT
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.26
2017 0.33 ●Australian Shares 0.0%
2016 0.48 ●Global Shares 0.0%
2015 0.69 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.49 2014 0.62 ●Alternatives°° 0.0%
5 years (% p.a.) 0.48 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.21 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Managed Growth Fund (Early Series/Late Series) - OM_PROT, OM_UNPROT
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.02
2017 7.62 ●Australian Shares 29.2%
2016 1.11 ●Global Shares 28.6%
2015 6.64 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.65 2014 9.83 ●Alternatives°° 16.9%
5 years (% p.a.) 6.20 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.69 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
66
Insurance Bond, Limited Offer Insurance Bond (Capital Guaranteed and Multi Option)7 (IB, IB+, IBLOM, IBLO)
Capital Guaranteed Fund (Limited Offer Multi Option and non-participating)4 - CGIB
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.14
2017 0.82 ●Australian Shares 0.0%
2016 1.73 ●Global Shares 12.7%
2015 2.42 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.79 2014 2.94 ●Alternatives°° 9.7%
5 years (% p.a.) 1.60 ●Fixed Interest°°° 29.0%
10 years (% p.a.) 1.61 ●Cash 48.6%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed Fund (Limited Offer and non-participating)4 - CGIBLO
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.15
2017 0.87 ●Australian Shares 0.0%
2016 1.78 ●Global Shares 12.7%
2015 2.47 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.74 2014 2.99 ●Alternatives°° 9.7%
5 years (% p.a.) 1.65 ●Fixed Interest°°° 29.0%
10 years (% p.a.) 1.66 ●Cash 48.6%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed Cash Fund (Insurance Bond) - VY
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.14
2017 0.17 ●Australian Shares 0.0%
2016 0.32 ●Global Shares 0.0%
2015 0.64 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.66 2014 0.46 ●Alternatives°° 0.0%
5 years (% p.a.) 0.35 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.10 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
67
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Capital Secure Fund - DA
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.93
2017 2.63 ●Australian Shares 10.5%
2016 1.62 ●Global Shares 10.6%
2015 3.48 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.82 2014 4.83 ●Alternatives°° 12.0%
5 years (% p.a.) 2.89 ●Fixed Interest°°° 34.3%
10 years (% p.a.) 2.87 ●Cash 32.6%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Balanced Fund - MB
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.73
2017 7.30 ●Australian Shares 29.2%
2016 0.85 ●Global Shares 28.6%
2015 6.36 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.92 2014 9.53 ●Alternatives°° 16.9%
5 years (% p.a.) 5.92 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.47 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Managed Growth Fund - LB
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.74
2017 7.31 ●Australian Shares 29.2%
2016 0.93 ●Global Shares 28.6%
2015 6.37 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.92 2014 9.56 ●Alternatives°° 16.9%
5 years (% p.a.) 5.94 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.49 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
68
Insurance Bond Series III7 (IB1+)
Capital Guaranteed Fund (non-participating)4 - CGIB1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.12
2017 0.72 ●Australian Shares 0.0%
2016 1.63 ●Global Shares 12.7%
2015 2.32 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.89 2014 2.83 ●Alternatives°° 9.7%
5 years (% p.a.) 1.52 ●Fixed Interest°°° 29.0%
10 years (% p.a.) 1.53 ●Cash 48.6%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed Cash Fund - VY1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.03
2017 0.07 ●Australian Shares 0.0%
2016 0.20 ●Global Shares 0.0%
2015 0.43 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.76 2014 0.35 ●Alternatives°° 0.0%
5 years (% p.a.) 0.22 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 0.99 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Secure Fund - DA1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.74
2017 2.58 ●Australian Shares 10.5%
2016 1.49 ●Global Shares 10.6%
2015 3.38 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.92 2014 4.79 ●Alternatives°° 12.0%
5 years (% p.a.) 2.79 ●Fixed Interest°°° 34.3%
10 years (% p.a.) 2.76 ●Cash 32.6%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Balanced Fund - MB1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.32
2017 7.02 ●Australian Shares 29.2%
2016 0.55 ●Global Shares 28.6%
2015 5.48 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.91 2014 9.44 ●Alternatives°° 16.9%
5 years (% p.a.) 5.52 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.24 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
69
Return to contents
Managed Growth Fund - PB1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.62
2017 7.18 ●Australian Shares 29.2%
2016 0.75 ●Global Shares 28.6%
2015 6.31 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.03 2014 9.44 ●Alternatives°° 16.9%
5 years (% p.a.) 5.82 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.37 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Australian Share Fund - YB1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.54
2017 10.45 ●Australian Shares 99.5%
2016 -1.79 ●Global Shares 0.0%
2015 1.28 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.85 2014 10.75 ●Alternatives°° 0.0%
5 years (% p.a.) 5.33 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 3.40 ●Cash 0.5%
To provide long term capital growth through investment
in Australian listed company shares. This option may
have a high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
70
Insurance Bond Series IV7 (IB4, IB4+)
Capital Guaranteed Fund (non-participating)4 - CGIB4
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.50
2017 1.75 ●Australian Shares 0.0%
2016 2.76 ●Global Shares 12.7%
2015 3.83 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.89 2014 4.18 ●Alternatives°° 9.7%
5 years (% p.a.) 2.80 ●Fixed Interest°°° 29.0%
10 years (% p.a.) 3.48 ●Cash 48.6%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed Cash Fund - VY4
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.04
2017 0.09 ●Australian Shares 0.0%
2016 0.22 ●Global Shares 0.0%
2015 0.44 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.74 2014 0.37 ●Alternatives°° 0.0%
5 years (% p.a.) 0.23 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.11 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Australian Fixed Interest Fund - ZB4
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 -0.28
2017 -0.24 ●Australian Shares 0.0%
2016 2.90 ●Global Shares 0.0%
2015 1.95 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.82 2014 3.68 ●Alternatives°° 0.0%
5 years (% p.a.) 1.59 ●Fixed Interest°°° 99.2%
10 years (% p.a.) 2.59 ●Cash 0.8%
To provide relatively stable returns by investing in
Australian and global fixed interest securities. To
outperform the option’s composite benchmark over a
rolling three-year period before fees and taxes.
Risk: Medium
Capital Secure Fund - DA4
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.84
2017 2.58 ●Australian Shares 10.5%
2016 1.57 ●Global Shares 10.6%
2015 3.48 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.85 2014 4.80 ●Alternatives°° 12.0%
5 years (% p.a.) 2.85 ●Fixed Interest°°° 34.3%
10 years (% p.a.) 2.82 ●Cash 32.6%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
71
Return to contents
Balanced Fund - MB4
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.83
2017 7.35 ●Australian Shares 29.2%
2016 0.88 ●Global Shares 28.6%
2015 6.41 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.9 2014 9.52 ●Alternatives°° 16.9%
5 years (% p.a.) 5.96 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.46 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Managed Growth Fund - PB4
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.73
2017 7.34 ●Australian Shares 29.2%
2016 0.90 ●Global Shares 28.6%
2015 6.38 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.9 2014 9.56 ●Alternatives°° 16.9%
5 years (% p.a.) 5.94 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.46 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Australian Share Fund - YB4
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.58
2017 11.44 ●Australian Shares 99.5%
2016 -0.77 ●Global Shares 0.0%
2015 3.25 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.86 2014 11.86 ●Alternatives°° 0.0%
5 years (% p.a.) 6.56 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 4.28 ●Cash 0.5%
To provide long term capital growth through investment
in Australian listed company shares. This option may
have a high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
72
Insurance Bond Security Plus7 (IBS+)
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Capital Secure Fund - DA
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.93
2017 2.63 ●Australian Shares 10.5%
2016 1.62 ●Global Shares 10.6%
2015 3.48 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.82 2014 4.83 ●Alternatives°° 12.0%
5 years (% p.a.) 2.89 ●Fixed Interest°°° 34.3%
10 years (% p.a.) 2.87 ●Cash 32.6%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
73
Insurance Bond Investment Linked, Insurance Bond Maturity Guaranteed, Insurance Bond Old Series, Insurance Bond Series 17 (IBIL, IBMG, IBOS, IBS1)
Return to contents
Managed Growth Fund - LB
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.74
2017 7.31 ●Australian Shares 29.2%
2016 0.93 ●Global Shares 28.6%
2015 6.37 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.92 2014 9.56 ●Alternatives°° 16.9%
5 years (% p.a.) 5.94 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.49 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
74
Superbridge Series II, Superbridge New Series7 (SBIL, SBNS)
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Managed Growth Fund - CS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.78
2017 9.64 ●Australian Shares 29.3%
2016 1.55 ●Global Shares 28.6%
2015 8.29 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.73 2014 12.38 ●Alternatives°° 18.2%
5 years (% p.a.) 7.87 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.93 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
75
Superbridge Deferred Annuity, Trustee Superannuation Bond, Superspan Plus Deferred Annuity7 (SB, TSB, SS+)
Capital Guaranteed Fund (non-participating)4 - CGSB, CGTSB
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.14
2017 1.29 ●Australian Shares 0.0%
2016 2.85 ●Global Shares 12.8%
2015 3.91 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.66 2014 4.03 ●Alternatives°° 9.3%
5 years (% p.a.) 2.64 ●Fixed Interest°°° 29.7%
10 years (% p.a.) 2.44 ●Cash 48.2%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed Cash Fund - UW
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.62
2017 0.71 ●Australian Shares 0.0%
2016 0.88 ●Global Shares 0.0%
2015 1.15 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.51 2014 1.06 ●Alternatives°° 0.0%
5 years (% p.a.) 0.88 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.81 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Secure Fund - FG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.08
2017 3.80 ●Australian Shares 11.3%
2016 2.55 ●Global Shares 10.7%
2015 4.83 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.2 2014 6.67 ●Alternatives°° 13.5%
5 years (% p.a.) 4.18 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 4.08 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
76
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Balanced Fund - NS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.77
2017 9.60 ●Australian Shares 29.3%
2016 1.55 ●Global Shares 28.6%
2015 8.30 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.73 2014 12.42 ●Alternatives°° 18.2%
5 years (% p.a.) 7.87 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.92 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Managed Growth Fund - CS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.78
2017 9.64 ●Australian Shares 29.3%
2016 1.55 ●Global Shares 28.6%
2015 8.29 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.73 2014 12.38 ●Alternatives°° 18.2%
5 years (% p.a.) 7.87 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.93 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
77
Superbridge Deferred Annuity Series III, Trustee Superannuation Bond Series III, Superspan Plus Deferred Annuity Series III7 (SB1, TSB1, TSB1+, SS1+)
Capital Guaranteed Fund (non-participating)4 - CGSB1, CGTSB1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.11
2017 1.09 ●Australian Shares 0.0%
2016 2.65 ●Global Shares 12.8%
2015 3.71 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.86 2014 3.83 ●Alternatives°° 9.3%
5 years (% p.a.) 2.47 ●Fixed Interest°°° 29.7%
10 years (% p.a.) 2.27 ●Cash 48.2%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed Cash Fund - UW1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.41
2017 0.51 ●Australian Shares 0.0%
2016 0.68 ●Global Shares 0.0%
2015 0.93 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.71 2014 0.86 ●Alternatives°° 0.0%
5 years (% p.a.) 0.68 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.60 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Australian Fixed Interest Fund - XS1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 -0.22
2017 0.14 ●Australian Shares 0.0%
2016 4.10 ●Global Shares 0.0%
2015 2.83 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.81 2014 5.10 ●Alternatives°° 0.0%
5 years (% p.a.) 2.37 ●Fixed Interest°°° 99.4%
10 years (% p.a.) 3.89 ●Cash 0.6%
To provide relatively stable returns by investing in
Australian and global fixed interest securities. To
outperform the option’s composite benchmark over a
rolling three-year period before fees and taxes.
Risk: Medium
Capital Secure Fund - FG1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.87
2017 3.58 ●Australian Shares 11.3%
2016 2.32 ●Global Shares 10.7%
2015 4.72 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.88 2014 6.48 ●Alternatives°° 13.5%
5 years (% p.a.) 3.98 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 3.89 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
78
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Balanced Fund - NS1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.56
2017 9.38 ●Australian Shares 29.3%
2016 1.26 ●Global Shares 28.6%
2015 8.10 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.94 2014 12.19 ●Alternatives°° 18.2%
5 years (% p.a.) 7.64 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.70 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Managed Growth Fund - QS1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.55
2017 9.38 ●Australian Shares 29.3%
2016 1.37 ●Global Shares 28.6%
2015 8.08 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.94 2014 12.21 ●Alternatives°° 18.2%
5 years (% p.a.) 7.66 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.73 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Australian Share Fund - WS1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 10.39
2017 14.74 ●Australian Shares 99.2%
2016 -0.78 ●Global Shares 0.0%
2015 3.97 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.83 2014 15.17 ●Alternatives°° 0.0%
5 years (% p.a.) 8.52 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 5.64 ●Cash 0.8%
To provide long term capital growth through investment
in Australian listed company shares. This option may
have a high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
79
Superbridge Deferred Annuity Series IV, Superspan Plus Deferred Annuity Series IV7 (SB4, SS4+)
Capital Guaranteed Fund (non-participating)4 - CGSB4, CGTSB4
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.50
2017 1.54 ●Australian Shares 0.0%
2016 2.43 ●Global Shares 12.8%
2015 3.85 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.86 2014 4.54 ●Alternatives°° 9.3%
5 years (% p.a.) 2.76 ●Fixed Interest°°° 29.7%
10 years (% p.a.) 3.94 ●Cash 48.2%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed Cash Fund - UW4
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.43
2017 0.52 ●Australian Shares 0.0%
2016 0.69 ●Global Shares 0.0%
2015 0.95 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.7 2014 0.89 ●Alternatives°° 0.0%
5 years (% p.a.) 0.70 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.62 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Australian Fixed Interest Fund - XS4
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 -0.18
2017 0.13 ●Australian Shares 0.0%
2016 4.13 ●Global Shares 0.0%
2015 2.87 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.77 2014 4.99 ●Alternatives°° 0.0%
5 years (% p.a.) 2.37 ●Fixed Interest°°° 99.4%
10 years (% p.a.) 3.91 ●Cash 0.6%
To provide relatively stable returns by investing in
Australian and global fixed interest securities. To
outperform the option’s composite benchmark over a
rolling three-year period before fees and taxes.
Risk: Medium
Capital Secure Fund - FG4
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.91
2017 3.60 ●Australian Shares 11.3%
2016 2.35 ●Global Shares 10.7%
2015 4.71 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.85 2014 6.42 ●Alternatives°° 13.5%
5 years (% p.a.) 3.99 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 3.89 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
80
Return to contents
Balanced Fund - NS4
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.66
2017 9.48 ●Australian Shares 29.3%
2016 1.34 ●Global Shares 28.6%
2015 8.16 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.88 2014 12.18 ●Alternatives°° 18.2%
5 years (% p.a.) 7.70 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.74 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Managed Growth Fund - QS4
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.65
2017 9.47 ●Australian Shares 29.3%
2016 1.37 ●Global Shares 28.6%
2015 8.05 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.88 2014 12.14 ●Alternatives°° 18.2%
5 years (% p.a.) 7.68 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.73 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Australian Share Fund - WS4
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 10.51
2017 14.79 ●Australian Shares 99.2%
2016 -0.66 ●Global Shares 0.0%
2015 4.09 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.81 2014 15.23 ●Alternatives°° 0.0%
5 years (% p.a.) 8.61 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 5.72 ●Cash 0.8%
To provide long term capital growth through investment
in Australian listed company shares. This option may
have a high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
81
SuperSpan Limited Offer, SuperSpan II7 (SSLO, SSII)
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Capital Guaranteed Fund (non-participating)4 - CGSSLO
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.11
2017 1.14 ●Australian Shares 0.0%
2016 2.70 ●Global Shares 12.8%
2015 3.76 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.81 2014 3.88 ●Alternatives°° 9.3%
5 years (% p.a.) 2.51 ●Fixed Interest°°° 29.7%
10 years (% p.a.) 2.31 ●Cash 48.2%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
82
SuperSpan Limited Offer (Multi Option)7 (SSLOM)
Capital Guaranteed Fund (non-participating)4 - CGSB
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.14
2017 1.29 ●Australian Shares 0.0%
2016 2.85 ●Global Shares 12.8%
2015 3.91 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.66 2014 4.03 ●Alternatives°° 9.3%
5 years (% p.a.) 2.64 ●Fixed Interest°°° 29.7%
10 years (% p.a.) 2.44 ●Cash 48.2%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed Cash Fund - UW
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.62
2017 0.71 ●Australian Shares 0.0%
2016 0.88 ●Global Shares 0.0%
2015 1.15 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.51 2014 1.06 ●Alternatives°° 0.0%
5 years (% p.a.) 0.88 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.81 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Secure Fund - FG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.08
2017 3.80 ●Australian Shares 11.3%
2016 2.55 ●Global Shares 10.7%
2015 4.83 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.2 2014 6.67 ●Alternatives°° 13.5%
5 years (% p.a.) 4.18 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 4.08 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Balanced Fund - NS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.77
2017 9.60 ●Australian Shares 29.3%
2016 1.55 ●Global Shares 28.6%
2015 8.30 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.73 2014 12.42 ●Alternatives°° 18.2%
5 years (% p.a.) 7.87 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.92 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
83
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Managed Growth Fund - CS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.78
2017 9.64 ●Australian Shares 29.3%
2016 1.55 ●Global Shares 28.6%
2015 8.29 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.73 2014 12.38 ●Alternatives°° 18.2%
5 years (% p.a.) 7.87 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.93 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
84
SuperSpan II (Multi Option) Deferred Annuity7 (SSIIM)
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Capital Guaranteed Cash Fund - UX
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.32
2017 0.00 ●Australian Shares 0.0%
2016 0.02 ●Global Shares 0.0%
2015 0.06 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.79 2014 0.01 ●Alternatives°° 0.0%
5 years (% p.a.) 0.08 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 0.85 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Secure Fund - FG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.08
2017 3.80 ●Australian Shares 11.3%
2016 2.55 ●Global Shares 10.7%
2015 4.83 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.2 2014 6.67 ●Alternatives°° 13.5%
5 years (% p.a.) 4.18 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 4.08 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Balanced Fund - NS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.77
2017 9.60 ●Australian Shares 29.3%
2016 1.55 ●Global Shares 28.6%
2015 8.30 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.73 2014 12.42 ●Alternatives°° 18.2%
5 years (% p.a.) 7.87 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.92 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Managed Growth Fund - CS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.78
2017 9.64 ●Australian Shares 29.3%
2016 1.55 ●Global Shares 28.6%
2015 8.29 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.73 2014 12.38 ●Alternatives°° 18.2%
5 years (% p.a.) 7.87 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.93 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
85
SuperCash Deferred Annuity7 (SC)
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Capital Guaranteed Cash Fund - UX
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.32
2017 0.00 ●Australian Shares 0.0%
2016 0.02 ●Global Shares 0.0%
2015 0.06 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.79 2014 0.01 ●Alternatives°° 0.0%
5 years (% p.a.) 0.08 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 0.85 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
86
Rollover Deferred Annuity, SuperBond7 (RDA, SIB)
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Capital Guaranteed Cash Fund - SSGA
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.63
2017 0.71 ●Australian Shares 0.0%
2016 0.89 ●Global Shares 0.0%
2015 1.14 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.5 2014 1.06 ●Alternatives°° 0.0%
5 years (% p.a.) 0.89 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.81 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Managed Fund - SSMA
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.86
2017 9.67 ●Australian Shares 29.3%
2016 1.61 ●Global Shares 28.6%
2015 8.31 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.69 2014 12.40 ●Alternatives°° 18.2%
5 years (% p.a.) 7.91 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.93 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Capital Guaranteed Fund (non-participating)4 - CGSB
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.14
2017 1.29 ●Australian Shares 0.0%
2016 2.85 ●Global Shares 12.8%
2015 3.91 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.66 2014 4.03 ●Alternatives°° 9.3%
5 years (% p.a.) 2.64 ●Fixed Interest°°° 29.7%
10 years (% p.a.) 2.44 ●Cash 48.2%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
87
SuperBond 20007 (S2000)
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Capital Guaranteed Cash Fund - SSGB
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.62
2017 0.71 ●Australian Shares 0.0%
2016 0.89 ●Global Shares 0.0%
2015 1.14 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.5 2014 1.06 ●Alternatives°° 0.0%
5 years (% p.a.) 0.89 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.81 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Managed Growth Fund - SSMB
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.48
2017 9.57 ●Australian Shares 29.3%
2016 1.39 ●Global Shares 28.6%
2015 7.15 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.69 2014 11.74 ●Alternatives°° 18.2%
5 years (% p.a.) 7.41 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.67 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
88
TAP Allocated Annuity7 (TAE2E, TAE2E+)
Capital Guaranteed Fund (non-participating)4 - KST2
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.60
2017 1.60 ●Australian Shares 0.0%
2016 1.95 ●Global Shares 12.6%
2015 2.78 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.87 2014 3.68 ●Alternatives°° 9.7%
5 years (% p.a.) 2.32 ●Fixed Interest°°° 29.8%
10 years (% p.a.) 3.65 ●Cash 47.9%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed Cash Fund - UWT2
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.92
2017 0.94 ●Australian Shares 0.0%
2016 1.13 ●Global Shares 0.0%
2015 1.46 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.62 2014 1.34 ●Alternatives°° 0.0%
5 years (% p.a.) 1.15 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 2.23 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Australian Fixed Interest Fund - XST2
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.38
2017 0.42 ●Australian Shares 0.0%
2016 5.00 ●Global Shares 0.0%
2015 3.59 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.82 2014 6.22 ●Alternatives°° 0.0%
5 years (% p.a.) 3.09 ●Fixed Interest°°° 97.1%
10 years (% p.a.) 5.07 ●Cash 2.9%
To provide relatively stable returns by investing in
Australian and global fixed interest securities. To
outperform the option’s composite benchmark over a
rolling three-year period before fees and taxes.
Risk: Medium
Capital Secure Fund - FGT2
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.58
2017 4.49 ●Australian Shares 10.8%
2016 3.19 ●Global Shares 11.1%
2015 5.68 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.87 2014 7.62 ●Alternatives°° 15.2%
5 years (% p.a.) 4.90 ●Fixed Interest°°° 34.4%
10 years (% p.a.) 4.85 ●Cash 28.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
89
Return to contents Superannuation LifeBuilder, Wealth Portfolio, Superplan, SuperFlex7,8 (LB, WP, SUPER1NI, SUPER2NI)
Balanced Fund - NST2
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.41
2017 10.70 ●Australian Shares 29.4%
2016 1.84 ●Global Shares 28.6%
2015 9.57 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.92 2014 14.08 ●Alternatives°° 18.9%
5 years (% p.a.) 8.84 ●Fixed Interest°°° 8.7%
10 years (% p.a.) 6.61 ●Cash 14.4%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Managed Growth Fund - QST2
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.41
2017 10.69 ●Australian Shares 29.4%
2016 1.84 ●Global Shares 28.6%
2015 9.56 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.92 2014 14.08 ●Alternatives°° 18.9%
5 years (% p.a.) 8.84 ●Fixed Interest°°° 8.7%
10 years (% p.a.) 6.58 ●Cash 14.4%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Australian Share Fund - WST2
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 11.90
2017 17.10 ●Australian Shares 99.2%
2016 -0.41 ●Global Shares 0.0%
2015 4.89 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.82 2014 16.85 ●Alternatives°° 0.0%
5 years (% p.a.) 9.85 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 6.42 ●Cash 0.8%
To provide long term capital growth through investment
in Australian listed company shares. This option may
have a high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
Capital Stable Primary Fund (Wealth Portfolio) - CAPS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.99
2017 1.20 ●Australian Shares 11.3%
2016 -0.91 ●Global Shares 10.7%
2015 1.24 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.77 2014 3.05 ●Alternatives°° 13.5%
5 years (% p.a.) 1.50 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 1.02 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
90
Capital Stable Growth Fund (Wealth Portfolio) - CAPGS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.99
2017 3.54 ●Australian Shares 11.3%
2016 2.16 ●Global Shares 10.7%
2015 4.38 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.77 2014 6.25 ●Alternatives°° 13.5%
5 years (% p.a.) 3.85 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 3.75 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Capital Stable Growth Plus Fund - CAPGPS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.18
2017 3.83 ●Australian Shares 11.3%
2016 2.63 ●Global Shares 10.7%
2015 4.95 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.57 2014 6.73 ●Alternatives°° 13.5%
5 years (% p.a.) 4.25 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 4.16 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Balanced Primary Fund (Wealth Portfolio) - BALS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.65
2017 6.84 ●Australian Shares 29.3%
2016 -1.83 ●Global Shares 28.6%
2015 4.67 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.88 2014 8.53 ●Alternatives°° 18.2%
5 years (% p.a.) 5.10 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 2.81 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Balanced Growth Fund (Wealth Portfolio) - BALGS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.65
2017 9.31 ●Australian Shares 29.3%
2016 1.21 ●Global Shares 28.6%
2015 7.91 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.88 2014 11.90 ●Alternatives°° 18.2%
5 years (% p.a.) 7.54 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.58 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
91
Balanced Growth Plus Fund - BALGPS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.89
2017 9.66 ●Australian Shares 29.3%
2016 1.65 ●Global Shares 28.6%
2015 8.40 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.63 2014 12.50 ●Alternatives°° 18.2%
5 years (% p.a.) 7.96 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 6.02 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Equity Profile Primary Fund (Wealth Portfolio) - EQPS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.07
2017 8.93 ●Australian Shares 35.0%
2016 -2.29 ●Global Shares 34.5%
2015 5.52 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.97 2014 9.90 ●Alternatives°° 19.9%
5 years (% p.a.) 6.13 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 3.07 ●Cash 10.6%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
Equity Profile Growth Fund (Wealth Portfolio) - EQPGS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.07
2017 11.45 ●Australian Shares 35.0%
2016 0.74 ●Global Shares 34.5%
2015 8.78 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.97 2014 13.32 ●Alternatives°° 19.9%
5 years (% p.a.) 8.58 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 5.85 ●Cash 10.6%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
92
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Equity Profile Growth Plus Fund - EQPGPS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.40
2017 12.01 ●Australian Shares 35.0%
2016 1.16 ●Global Shares 34.5%
2015 9.25 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.64 2014 13.87 ●Alternatives°° 19.9%
5 years (% p.a.) 9.05 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 6.31 ●Cash 10.6%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
Capital Guaranteed - CGSUP5
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.14
2017 3.99 ●Australian Shares 0.0%
2016 4.31 ●Global Shares 11.4%
2015 4.68 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.44 2014 4.33 ●Alternatives°° 9.7%
5 years (% p.a.) 4.29 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 4.30 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed (Wealth Portfolio) - CGSUP1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.14
2017 3.99 ●Australian Shares 0.0%
2016 4.31 ●Global Shares 11.4%
2015 4.68 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.44 2014 4.33 ●Alternatives°° 9.7%
5 years (% p.a.) 4.29 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 4.30 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
93
Pru-Plan Superannuation "Unit-Linked", PruPlan Superannuation "PruLink"8 (PRUPLANEQU, PRUPLANUL)
Equity Link Balanced Fund - PLAN6S
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.00
2017 6.76 ●Australian Shares 29.3%
2016 1.08 ●Global Shares 28.6%
2015 7.77 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.19 2014 11.94 ●Alternatives°° 18.2%
5 years (% p.a.) 5.42 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 4.52 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Pru-Plan Unit Linked Balanced Fund - PLAN5S
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.40
2017 9.24 ●Australian Shares 29.3%
2016 1.18 ●Global Shares 28.6%
2015 7.92 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.09 2014 12.03 ●Alternatives°° 18.2%
5 years (% p.a.) 7.50 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.55 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Capital Stable Growth Fund - CAPGS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.99
2017 3.54 ●Australian Shares 11.3%
2016 2.16 ●Global Shares 10.7%
2015 4.38 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.77 2014 6.25 ●Alternatives°° 13.5%
5 years (% p.a.) 3.85 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 3.75 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
94
Return to contents
Equity Profile Growth Fund - EQPGS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.07
2017 11.45 ●Australian Shares 35.0%
2016 0.74 ●Global Shares 34.5%
2015 8.78 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.97 2014 13.32 ●Alternatives°° 19.9%
5 years (% p.a.) 8.58 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 5.85 ●Cash 10.6%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
Capital Guaranteed - CGSUP1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.14
2017 3.99 ●Australian Shares 0.0%
2016 4.31 ●Global Shares 11.4%
2015 4.68 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.44 2014 4.33 ●Alternatives°° 9.7%
5 years (% p.a.) 4.29 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 4.30 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
95
Pruplan Plus (PRUPLAN+)
Capital Stable Growth Plus Fund - CAPGPS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.18
2017 3.83 ●Australian Shares 11.3%
2016 2.63 ●Global Shares 10.7%
2015 4.95 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.57 2014 6.73 ●Alternatives°° 13.5%
5 years (% p.a.) 4.25 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 4.16 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Capital Stable Growth Fund - CAPGS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.99
2017 3.54 ●Australian Shares 11.3%
2016 2.16 ●Global Shares 10.7%
2015 4.38 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.77 2014 6.25 ●Alternatives°° 13.5%
5 years (% p.a.) 3.85 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 3.75 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Balanced Growth Plus Fund - BALGPS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.89
2017 9.66 ●Australian Shares 29.3%
2016 1.65 ●Global Shares 28.6%
2015 8.40 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.63 2014 12.50 ●Alternatives°° 18.2%
5 years (% p.a.) 7.96 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 6.02 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Balanced Growth Fund - BALGS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.65
2017 9.31 ●Australian Shares 29.3%
2016 1.21 ●Global Shares 28.6%
2015 7.91 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.88 2014 11.90 ●Alternatives°° 18.2%
5 years (% p.a.) 7.54 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.58 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
96
Equity Profile Growth Plus Fund - EQPGPS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.40
2017 12.01 ●Australian Shares 35.0%
2016 1.16 ●Global Shares 34.5%
2015 9.25 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.64 2014 13.87 ●Alternatives°° 19.9%
5 years (% p.a.) 9.05 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 6.31 ●Cash 10.6%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
Equity Profile Growth Fund - EQPGS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.07
2017 11.45 ●Australian Shares 35.0%
2016 0.74 ●Global Shares 34.5%
2015 8.78 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.97 2014 13.32 ●Alternatives°° 19.9%
5 years (% p.a.) 8.58 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 5.85 ●Cash 10.6%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
Capital Guaranteed - CGSUP1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.14
2017 3.99 ●Australian Shares 0.0%
2016 4.31 ●Global Shares 11.4%
2015 4.68 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.44 2014 4.33 ●Alternatives°° 9.7%
5 years (% p.a.) 4.29 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 4.30 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
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Capital Guaranteed - Primary - CGSUP2
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.15
2017 0.99 ●Australian Shares 0.0%
2016 1.30 ●Global Shares 11.4%
2015 1.68 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 4.44 2014 1.32 ●Alternatives°° 9.7%
5 years (% p.a.) 1.29 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 1.30 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed - CGSUP5
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.14
2017 3.99 ●Australian Shares 0.0%
2016 4.31 ●Global Shares 11.4%
2015 4.68 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.44 2014 4.33 ●Alternatives°° 9.7%
5 years (% p.a.) 4.29 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 4.30 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
98
Pruplan (MK1 and MK2) (PRUPLAN1, PRUPLAN2)
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Capital Guaranteed - CGSUP1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.14
2017 3.99 ●Australian Shares 0.0%
2016 4.31 ●Global Shares 11.4%
2015 4.68 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.44 2014 4.33 ●Alternatives°° 9.7%
5 years (% p.a.) 4.29 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 4.30 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed (MK2) - CGSUP3
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.00
2017 0.00 ●Australian Shares 0.0%
2016 0.00 ●Global Shares 11.4%
2015 0.00 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 7.44 2014 0.00 ●Alternatives°° 9.7%
5 years (% p.a.) 0.00 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 0.06 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed - CGSUP4
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.14
2017 3.99 ●Australian Shares 0.0%
2016 4.31 ●Global Shares 11.4%
2015 4.68 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.44 2014 4.33 ●Alternatives°° 9.7%
5 years (% p.a.) 4.29 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 4.30 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
99
Superannuation Bond (Capital Guaranteed Bond), Deferred Annuity (XAETBNDS, AETDEFANN)
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Capital Guaranteed - CGSUP1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.14
2017 3.99 ●Australian Shares 0.0%
2016 4.31 ●Global Shares 11.4%
2015 4.68 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.44 2014 4.33 ●Alternatives°° 9.7%
5 years (% p.a.) 4.29 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 4.30 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
100
Superannuation Bond (Managed PruBond)7,8, Roll-Over Plan Goldseal7 (PRUBONDM, GSC)
Balanced Fund - BOND5S
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.90
2017 9.74 ●Australian Shares 29.3%
2016 1.66 ●Global Shares 28.6%
2015 8.40 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.63 2014 12.49 ●Alternatives°° 18.2%
5 years (% p.a.) 7.98 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 6.03 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Capital Guaranteed Cash Fund - SCPFSG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.73
2017 0.81 ●Australian Shares 0.0%
2016 0.99 ●Global Shares 0.0%
2015 1.24 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.41 2014 1.16 ●Alternatives°° 0.0%
5 years (% p.a.) 0.98 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.92 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Stable Fund - SCPSSG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.18
2017 3.96 ●Australian Shares 11.3%
2016 2.63 ●Global Shares 10.7%
2015 4.94 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.57 2014 6.72 ●Alternatives°° 13.5%
5 years (% p.a.) 4.28 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 4.19 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
101
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Equity Profile Fund - SEPSG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.41
2017 11.96 ●Australian Shares 35.0%
2016 1.18 ●Global Shares 34.5%
2015 9.27 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.64 2014 13.89 ●Alternatives°° 19.9%
5 years (% p.a.) 9.05 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 6.32 ●Cash 10.6%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
Capital Guaranteed - CGSUP1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.14
2017 3.99 ●Australian Shares 0.0%
2016 4.31 ●Global Shares 11.4%
2015 4.68 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.44 2014 4.33 ●Alternatives°° 9.7%
5 years (% p.a.) 4.29 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 4.30 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
102
Superannuation Bond (Multi-Bond)7,8 (INVBOND1)
Balanced Fund - BALI-S
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.41
2017 9.24 ●Australian Shares 29.3%
2016 1.19 ●Global Shares 28.6%
2015 7.90 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.09 2014 11.97 ●Alternatives°° 18.2%
5 years (% p.a.) 7.48 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.55 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Capital Guaranteed Cash Fund - CAPFSG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.50
2017 0.37 ●Australian Shares 0.0%
2016 0.54 ●Global Shares 0.0%
2015 0.78 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.63 2014 0.71 ●Alternatives°° 0.0%
5 years (% p.a.) 0.58 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.48 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Stable Fund ('91) - CAPSSG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.72
2017 3.44 ●Australian Shares 11.3%
2016 2.17 ●Global Shares 10.7%
2015 4.47 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.03 2014 6.25 ●Alternatives°° 13.5%
5 years (% p.a.) 3.80 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 3.72 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Equity Profile Fund - EPSG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.91
2017 11.39 ●Australian Shares 35.0%
2016 0.75 ●Global Shares 34.5%
2015 8.77 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.11 2014 13.40 ●Alternatives°° 19.9%
5 years (% p.a.) 8.56 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 5.84 ●Cash 10.6%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
103
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Capital Guaranteed - CGSUP1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.14
2017 3.99 ●Australian Shares 0.0%
2016 4.31 ●Global Shares 11.4%
2015 4.68 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.44 2014 4.33 ●Alternatives°° 9.7%
5 years (% p.a.) 4.29 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 4.30 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
104
Roll-Over Plan 'S' Series ('91 and '92), Superannuation Bond "S" Series ('91 and '92)7,8 (ROLLOVER, ROLLOVER92, SBOND-S92, SBOND-S)
Capital Guaranteed Cash Fund - SCPFSG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.73
2017 0.81 ●Australian Shares 0.0%
2016 0.99 ●Global Shares 0.0%
2015 1.24 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.41 2014 1.16 ●Alternatives°° 0.0%
5 years (% p.a.) 0.98 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.92 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Stable Fund ('91) - SCPSSG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.18
2017 3.96 ●Australian Shares 11.3%
2016 2.63 ●Global Shares 10.7%
2015 4.94 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.57 2014 6.72 ●Alternatives°° 13.5%
5 years (% p.a.) 4.28 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 4.19 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Capital Stable Fund ('92) - SCS2SG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.18
2017 3.90 ●Australian Shares 11.3%
2016 2.63 ●Global Shares 10.7%
2015 4.93 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.57 2014 6.72 ●Alternatives°° 13.5%
5 years (% p.a.) 4.26 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 4.18 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Balanced Fund - SBALSG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.89
2017 9.71 ●Australian Shares 29.3%
2016 1.66 ●Global Shares 28.6%
2015 8.40 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.63 2014 12.49 ●Alternatives°° 18.2%
5 years (% p.a.) 7.97 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 6.03 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
105
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Equity Profile Fund - SEPSG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.41
2017 11.96 ●Australian Shares 35.0%
2016 1.18 ●Global Shares 34.5%
2015 9.27 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.64 2014 13.89 ●Alternatives°° 19.9%
5 years (% p.a.) 9.05 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 6.32 ●Cash 10.6%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
Capital Guaranteed (Superannuation Bond "S" Series) - CGSUP1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.14
2017 3.99 ●Australian Shares 0.0%
2016 4.31 ●Global Shares 11.4%
2015 4.68 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.44 2014 4.33 ●Alternatives°° 9.7%
5 years (% p.a.) 4.29 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 4.30 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
106
Roll-over Plan ('91 and '92), Superannuation Bond ('91 and '92)7,8 (ROLLOVER, ROLLOVER92, BOND-S, BOND-S92)
Balanced Fund - BALASG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.41
2017 9.24 ●Australian Shares 29.3%
2016 1.20 ●Global Shares 28.6%
2015 7.93 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.09 2014 12.00 ●Alternatives°° 18.2%
5 years (% p.a.) 7.49 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.56 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Capital Guaranteed Cash Fund - CAPFSG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.50
2017 0.37 ●Australian Shares 0.0%
2016 0.54 ●Global Shares 0.0%
2015 0.78 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.63 2014 0.71 ●Alternatives°° 0.0%
5 years (% p.a.) 0.58 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.48 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Stable Fund ('91) - CAPSSG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.72
2017 3.44 ●Australian Shares 11.3%
2016 2.17 ●Global Shares 10.7%
2015 4.47 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.03 2014 6.25 ●Alternatives°° 13.5%
5 years (% p.a.) 3.80 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 3.72 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Capital Stable Fund ('92) - CS2SG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.73
2017 3.45 ●Australian Shares 11.3%
2016 2.16 ●Global Shares 10.7%
2015 4.48 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.03 2014 6.27 ●Alternatives°° 13.5%
5 years (% p.a.) 3.81 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 3.72 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
107
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Equity Profile Fund - EPSG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.91
2017 11.39 ●Australian Shares 35.0%
2016 0.75 ●Global Shares 34.5%
2015 8.77 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.11 2014 13.40 ●Alternatives°° 19.9%
5 years (% p.a.) 8.56 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 5.84 ●Cash 10.6%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
Capital Guaranteed - CGSUP1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.14
2017 3.99 ●Australian Shares 0.0%
2016 4.31 ●Global Shares 11.4%
2015 4.68 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.44 2014 4.33 ●Alternatives°° 9.7%
5 years (% p.a.) 4.29 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 4.30 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
108
Rollover Bond 937,8 (ROLLOVER93)
Cash Fund - FI93SG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.50
2017 0.23 ●Australian Shares 0.0%
2016 0.45 ●Global Shares 0.0%
2015 0.68 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.63 2014 0.61 ●Alternatives°° 0.0%
5 years (% p.a.) 0.50 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.38 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Stable Fund - CS93SG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.62
2017 3.35 ●Australian Shares 11.3%
2016 2.07 ●Global Shares 10.7%
2015 4.39 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.13 2014 6.14 ●Alternatives°° 13.5%
5 years (% p.a.) 3.70 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 3.62 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Balanced Fund - B93SG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.31
2017 9.13 ●Australian Shares 29.3%
2016 1.11 ●Global Shares 28.6%
2015 7.81 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.19 2014 11.78 ●Alternatives°° 18.2%
5 years (% p.a.) 7.37 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.45 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Equity Profile Fund - EP93SG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.80
2017 11.36 ●Australian Shares 35.0%
2016 0.64 ●Global Shares 34.5%
2015 8.65 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.21 2014 13.27 ●Alternatives°° 19.9%
5 years (% p.a.) 8.46 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 5.74 ●Cash 10.6%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
109
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Capital Guaranteed - CGSUP1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.14
2017 3.99 ●Australian Shares 0.0%
2016 4.31 ●Global Shares 11.4%
2015 4.68 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.44 2014 4.33 ●Alternatives°° 9.7%
5 years (% p.a.) 4.29 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 4.30 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
110
Personal SuperCARE Bond (PSCB), Personal SuperCARE (PSC), SuperGuaranteeCARE (SGC)8
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Capital Guaranteed Fund (non-participating) (PSCB and PSC)4 - PC
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.45
2017 0.70 ●Australian Shares 0.0%
2016 2.00 ●Global Shares 12.8%
2015 3.06 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.81 2014 3.18 ●Alternatives°° 9.3%
5 years (% p.a.) 2.07 ●Fixed Interest°°° 29.7%
10 years (% p.a.) 1.75 ●Cash 48.2%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed Fund (non-participating) (SCG)4 - GC
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.45
2017 0.70 ●Australian Shares 0.0%
2016 2.00 ●Global Shares 12.8%
2015 3.06 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.81 2014 3.18 ●Alternatives°° 9.3%
5 years (% p.a.) 2.07 ●Fixed Interest°°° 29.7%
10 years (% p.a.) 1.75 ●Cash 48.2%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
111
Retirement Saver, Retirement Saver Series 2, Retirement Saver Plus8 (RETIREMENT, RETIREMENT2, RETIREPLUS)
Capital Guaranteed Fund (non-participating)4 - BK
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.06
2017 1.09 ●Australian Shares 0.0%
2016 2.25 ●Global Shares 12.8%
2015 3.38 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.91 2014 3.54 ●Alternatives°° 9.3%
5 years (% p.a.) 2.25 ●Fixed Interest°°° 29.7%
10 years (% p.a.) 2.47 ●Cash 48.2%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed Cash Fund - UK
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.69
2017 0.23 ●Australian Shares 0.0%
2016 0.41 ●Global Shares 0.0%
2015 0.67 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.48 2014 0.70 ●Alternatives°° 0.0%
5 years (% p.a.) 0.54 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.43 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Secure Fund - FK
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.71
2017 3.31 ●Australian Shares 11.3%
2016 2.05 ●Global Shares 10.7%
2015 4.35 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.04 2014 6.23 ●Alternatives°° 13.5%
5 years (% p.a.) 3.72 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 3.66 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
112
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Balanced Fund - NK
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.42
2017 9.10 ●Australian Shares 29.3%
2016 1.09 ●Global Shares 28.6%
2015 7.79 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.1 2014 11.91 ●Alternatives°° 18.2%
5 years (% p.a.) 7.40 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.50 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Managed Growth Fund (Retirement Saver) - CK
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.40
2017 9.12 ●Australian Shares 29.3%
2016 1.08 ●Global Shares 28.6%
2015 7.80 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.1 2014 11.97 ●Alternatives°° 18.2%
5 years (% p.a.) 7.41 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.52 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Managed Growth Fund (Series 2 and Plus) - QK
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.39
2017 9.11 ●Australian Shares 29.3%
2016 1.09 ●Global Shares 28.6%
2015 7.77 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.1 2014 11.96 ●Alternatives°° 18.2%
5 years (% p.a.) 7.41 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.51 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
113
SuperWise - Series 4 and 58 (SUPERWISE4, SUPERWISE5)
Capital Guaranteed Fund (non-participating)4 - K
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.44
2017 0.56 ●Australian Shares 0.0%
2016 2.00 ●Global Shares 12.8%
2015 3.06 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.86 2014 3.18 ●Alternatives°° 9.3%
5 years (% p.a.) 2.04 ●Fixed Interest°°° 29.7%
10 years (% p.a.) 1.77 ●Cash 48.2%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed Cash Fund (Series 5) - UQ
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.68
2017 0.02 ●Australian Shares 0.0%
2016 0.01 ●Global Shares 0.0%
2015 0.03 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.45 2014 0.00 ●Alternatives°° 0.0%
5 years (% p.a.) 0.15 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 0.73 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Secure Fund (Series 5) - FQ
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.75
2017 2.28 ●Australian Shares 11.3%
2016 1.04 ●Global Shares 10.7%
2015 3.32 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.02 2014 5.19 ●Alternatives°° 13.5%
5 years (% p.a.) 2.91 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 2.77 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
114
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Managed Growth Fund - CQ
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.38
2017 8.11 ●Australian Shares 29.3%
2016 0.18 ●Global Shares 28.6%
2015 6.82 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.12 2014 10.87 ●Alternatives°° 18.2%
5 years (% p.a.) 6.61 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 4.59 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
115
SuperLink, SuperLink Plus - Series 2 and 38 (SL1, SL2, SLS3)
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Managed Growth Fund (Superlink and Series 2) - CL
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.93
2017 10.65 ●Australian Shares 29.3%
2016 2.60 ●Global Shares 28.6%
2015 9.41 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.7 2014 13.52 ●Alternatives°° 18.2%
5 years (% p.a.) 8.96 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 6.99 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Managed Growth Fund (Series 3) - S
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.78
2017 9.48 ●Australian Shares 29.3%
2016 1.45 ●Global Shares 28.6%
2015 8.17 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.74 2014 12.29 ●Alternatives°° 18.2%
5 years (% p.a.) 7.77 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.88 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
116
Managed Investment SuperPlan – Corporate, Managed Investment SuperPlan, Managed Personal SuperPlan7 (MISPC, MIP1, MIP3, MISPP)
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Capital Guaranteed Cash Fund (Early Series/Late Series) - SG_PROT, SG_UNPROT
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.62
2017 0.72 ●Australian Shares 0.0%
2016 0.90 ●Global Shares 0.0%
2015 1.14 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.5 2014 1.08 ●Alternatives°° 0.0%
5 years (% p.a.) 0.89 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.82 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Managed Growth Fund (Early Series/Late Series) - SM_PROT, SM_UNPROT
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.84
2017 9.67 ●Australian Shares 29.3%
2016 1.60 ●Global Shares 28.6%
2015 8.32 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.69 2014 12.39 ●Alternatives°° 18.2%
5 years (% p.a.) 7.90 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.94 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
117
SuperUnits8 (SU)
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Managed Growth Fund - SU
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.93
2017 10.77 ●Australian Shares 29.3%
2016 2.61 ●Global Shares 28.6%
2015 9.42 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.68 2014 13.42 ●Alternatives°° 18.2%
5 years (% p.a.) 8.97 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 7.00 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
118
CPSL Master Fund Superannuation7 (PRUES)
Capital Safe Fund - SCAPSF, SCAPSF03
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.00
2017 4.73 ●Australian Shares 11.3%
2016 3.44 ●Global Shares 10.7%
2015 5.77 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.79 2014 7.52 ●Alternatives°° 13.5%
5 years (% p.a.) 5.08 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 5.00 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Capital Guaranteed Fund (non-participating)4 - SCOLFG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.14
2017 2.29 ●Australian Shares 0.0%
2016 3.85 ●Global Shares 12.8%
2015 4.91 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.66 2014 5.04 ●Alternatives°° 9.3%
5 years (% p.a.) 3.64 ●Fixed Interest°°° 29.7%
10 years (% p.a.) 3.44 ●Cash 48.2%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed Fund (participating)3,4 - SCPGTD
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.19
2017 4.98 ●Australian Shares 0.0%
2016 5.62 ●Global Shares 11.4%
2015 5.98 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.84 2014 5.98 ●Alternatives°° 9.7%
5 years (% p.a.) 5.55 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 5.82 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
119
Balanced Fund - SDISCR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.76
2017 10.59 ●Australian Shares 29.3%
2016 2.51 ●Global Shares 28.6%
2015 9.26 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.83 2014 13.37 ●Alternatives°° 18.2%
5 years (% p.a.) 8.84 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 6.86 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Growth Fund - SGRWTH
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 10.28
2017 12.75 ●Australian Shares 35.0%
2016 1.87 ●Global Shares 34.5%
2015 9.96 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.85 2014 14.76 ●Alternatives°° 19.9%
5 years (% p.a.) 9.83 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 7.10 ●Cash 10.6%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
Capital Guaranteed Cash Fund - SPACAS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.94
2017 1.97 ●Australian Shares 0.0%
2016 2.16 ●Global Shares 0.0%
2015 2.41 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.21 2014 2.33 ●Alternatives°° 0.0%
5 years (% p.a.) 2.16 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 3.10 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Australian Equity Fund - SPAEQU
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 11.66
2017 16.06 ●Australian Shares 99.2%
2016 0.41 ●Global Shares 0.0%
2015 5.17 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.73 2014 16.48 ●Alternatives°° 0.0%
5 years (% p.a.) 9.78 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 6.84 ●Cash 0.8%
To provide long term capital growth through investment
in Australian listed company shares. This option may
have a high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
120
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Australian Fixed Interest Fund - SPAFIX
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.98
2017 1.23 ●Australian Shares 0.0%
2016 5.25 ●Global Shares 0.0%
2015 3.96 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.61 2014 6.17 ●Alternatives°° 0.0%
5 years (% p.a.) 3.50 ●Fixed Interest°°° 99.4%
10 years (% p.a.) 5.09 ●Cash 0.6%
To provide relatively stable returns by investing in
Australian and global fixed interest securities. To
outperform the option’s composite benchmark over a
rolling three-year period before fees and taxes.
Risk: Medium
International Equity Fund - SPIEQU
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 15.21
2017 17.98 ●Australian Shares 0.0%
2016 -1.49 ●Global Shares 99.3%
2015 14.48 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.73 2014 18.60 ●Alternatives°° 0.0%
5 years (% p.a.) 12.70 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 8.64 ●Cash 0.7%
To provide long-term capital growth through investment
in global listed company shares. This option may have a
high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
121
CPSL Wholesale Exempt Business7 (PRUINO)
Capital Safe Fund - ECAPSF, ECAPSF03, FECAPSF
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.69
2017 5.61 ●Australian Shares 10.8%
2016 4.34 ●Global Shares 11.1%
2015 6.82 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.8 2014 8.78 ●Alternatives°° 15.2%
5 years (% p.a.) 6.04 ●Fixed Interest°°° 34.4%
10 years (% p.a.) 5.97 ●Cash 28.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Capital Guaranteed Fund (participating)3,4 - ECPGTD, FECPGTD
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.50
2017 6.49 ●Australian Shares 0.0%
2016 7.22 ●Global Shares 11.8%
2015 7.65 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 3.35 2014 7.43 ●Alternatives°° 9.9%
5 years (% p.a.) 7.26 ●Fixed Interest°°° 75.8%
10 years (% p.a.) 6.82 ●Cash 2.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Balanced Fund - EDISCR, FEDISCR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.58
2017 11.92 ●Australian Shares 29.4%
2016 2.97 ●Global Shares 28.6%
2015 10.76 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.85 2014 15.28 ●Alternatives°° 18.9%
5 years (% p.a.) 10.03 ●Fixed Interest°°° 8.7%
10 years (% p.a.) 7.75 ●Cash 14.4%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
122
Growth Fund - EGRWTH, FEGRWTH
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 11.28
2017 14.33 ●Australian Shares 35.3%
2016 2.29 ●Global Shares 34.2%
2015 11.37 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.88 2014 16.81 ●Alternatives°° 20.8%
5 years (% p.a.) 11.10 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 7.95 ●Cash 9.7%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
Capital Guaranteed Cash Fund - EPACAS, FEPACAS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.27
2017 2.26 ●Australian Shares 0.0%
2016 2.45 ●Global Shares 0.0%
2015 2.79 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.26 2014 2.78 ●Alternatives°° 0.0%
5 years (% p.a.) 2.51 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 3.65 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Australian Equity Fund - EPAEQU, FEPAEQU
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 13.10
2017 18.30 ●Australian Shares 99.2%
2016 0.70 ●Global Shares 0.0%
2015 6.09 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.73 2014 18.11 ●Alternatives°° 0.0%
5 years (% p.a.) 11.04 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 7.57 ●Cash 0.8%
To provide long term capital growth through investment
in Australian listed company shares. This option may
have a high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
Australian Fixed Interest Fund - EPAFIX, FEPAFIX
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.55
2017 1.52 ●Australian Shares 0.0%
2016 6.11 ●Global Shares 0.0%
2015 4.71 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.62 2014 7.49 ●Alternatives°° 0.0%
5 years (% p.a.) 4.25 ●Fixed Interest°°° 97.1%
10 years (% p.a.) 6.29 ●Cash 2.9%
To provide relatively stable returns by investing in
Australian and global fixed interest securities. To
outperform the option’s composite benchmark over a
rolling three-year period before fees and taxes.
Risk: Medium
123
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Property Fund - EPAPRO
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.79
2017 1.16 ●Australian Shares 0.0%
2016 9.58 ●Global Shares 0.0%
2015 11.50 ●Listed Property° 100.0%
Indirect Cost Ratio (% p.a.)2: 1.16 2014 12.77 ●Alternatives°° 0.0%
5 years (% p.a.) 8.08 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 5.18 ●Cash 0.0%
To provide long-term capital growth and income from a
diversified portfolio of global listed property investments.
To outperform the option’s benchmark over a rolling
seven-year period before fees and taxes.
Risk: Very high
International Equity Fund - EPIEQU, FEPIEQU
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 15.95
2017 19.95 ●Australian Shares 0.0%
2016 -1.56 ●Global Shares 99.3%
2015 16.58 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.73 2014 20.27 ●Alternatives°° 0.0%
5 years (% p.a.) 13.93 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 9.75 ●Cash 0.7%
To provide long-term capital growth through investment
in global listed company shares. This option may have a
high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
124
CPSL Wholesale Non Superannuation Business7 (PRUINO)
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Balanced Fund - ODISCR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.90
2017 8.38 ●Australian Shares 29.2%
2016 1.98 ●Global Shares 28.6%
2015 7.55 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.83 2014 10.76 ●Alternatives°° 16.9%
5 years (% p.a.) 7.07 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 5.57 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
125
Personal Super Umbrella Investment Plan7,8 and Personal Super Umbrella Financial Plan7,8 (X10, X11, X12)
Capital Guaranteed Cash Fund - 2CSU
Objective and strategy Investment performance – Yearly returns to 30 June (%)
Initial Units Investment Units
2018 0.55 0.56
2017 -6.2 0.26 ●Australian Shares 0.0%
2016 -6.07 0.44 ●Global Shares 0.0%
2015 -5.8 0.68 ●Listed Property 0.0%
Indirect Cost Ratio (% p.a.)2: 1.58
Initial units: 1.58
Investment Units:
2014 -5.93 0.59 ●Alternatives 0.0%
5 years (% p.a.) -4.73 0.50 ●Fixed Interest 0.0%
10 years (% p.a.) -4.52 1.39 ●Cash 100.0%Risk: Very Low
Asset Allocation at 30 June 20181
To provide the highest level of security with income
from investments in money market securities. The
option aims to outperform the returns of the
Australian Money Markets as measured by the
Bloomberg AusBond Bank Bill Index before fees
and taxes.
Capital Guaranteed Fund3 - 1SUU
Objective and strategy Investment performance – Yearly returns to 30 June (%)
Initial Units Investment Units
2018 -0.69 5.30
2017 -1.07 4.91 ●Australian Shares 0.0%
2016 -0.7 5.31 ●Global Shares 11.4%
2015 -0.4 5.63 ●Listed Property 0.0%
Indirect Cost Ratio (% p.a.)2: 1.85
Initial units: 7.55
Investment Units:
2014 -0.7 5.34 ●Alternatives 9.7%
5 years (% p.a.) -0.71 5.30 ●Fixed Interest 31.4%
10 years (% p.a.) -0.64 5.37 ●Cash 47.5%Risk: Very low
Asset Allocation at 30 June 20181
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns
(before tax) in excess of inflation; Managing short
term risks to support delivery of stable
bonus/crediting rates from period to period,
consistent with the objectives of the Bonus
Philosophy Policy; and maintain security of capital.
Fixed Interest Fund - 2FIU
Objective and strategy Investment performance – Yearly returns to 30 June (%)
Initial Units Investment Units
2018 -0.44 -0.42
2017 -6.53 -0.21 ●Australian Shares 0.0%
2016 -2.84 3.77 ●Global Shares 0.0%
2015 -4.01 2.51 ●Listed Property 0.0%
Indirect Cost Ratio (% p.a.)2: 2.03
Initial units: 2.03
Investment Units:
2014 -2.1 4.57 ●Alternatives 0.0%
5 years (% p.a.) -3.21 2.02 ●Fixed Interest 99.4%
10 years (% p.a.) -2.4 3.54 ●Cash 0.6%Risk: Medium
Asset Allocation at 30 June 20181
To provide relatively stable returns by investing in
Australian and global fixed interest securities. To
outperform the option’s composite benchmark over
a rolling three-year period before fees and taxes.
126
Property Fund - 2PRU
Objective and strategy Investment performance – Yearly returns to 30 June (%)
Initial Units Investment Units
2018 5.13 5.13
2017 -5.07 1.11 ●Australian Shares 0.0%
2016 1.77 8.40 ●Global Shares 0.0%
2015 2.95 9.63 ●Listed Property 100.2%
Indirect Cost Ratio (% p.a.)2: 2.38
Initial units: 2.38
Investment Units:
2014 2.63 9.34 ●Alternatives 0.0%
5 years (% p.a.) 1.42 6.67 ●Fixed Interest 0.0%
10 years (% p.a.) -2.32 3.37 ●Cash -0.2%Risk: Very high
Asset Allocation at 30 June 20181
To provide long-term capital growth and income
from a diversified portfolio of global listed property
investments. To outperform the option’s benchmark
over a rolling seven-year period before fees and
taxes.
Stable Fund - 2STU
Objective and strategy Investment performance – Yearly returns to 30 June (%)
Initial Units Investment Units
2018 2.6 2.60
2017 -3.3 3.09 ●Australian Shares 11.3%
2016 -4.5 1.83 ●Global Shares 10.7%
2015 -2.33 4.12 ●Listed Property 0.0%
Indirect Cost Ratio (% p.a.)2: 2.15
Initial units: 2.15
Investment Units:
2014 -0.71 5.89 ●Alternatives 13.5%
5 years (% p.a.) -1.68 3.49 ●Fixed Interest 35.0%
10 years (% p.a.) -2.4 3.39 ●Cash 29.5%Risk: Low to Medium
Asset Allocation at 30 June 20181
To invest in a diversified portfolio of assets
expected to generate a mix of income and long-
term captial growth with an emphasis on stable
returns and a reasonably high level of security. To
achieve a return of Consumer Price Index (CPI)
plus 2.5% p.a. over a rolling three-year period
before fees and taxes.
Managed Fund - 2MGU
Objective and strategy Investment performance – Yearly returns to 30 June (%)
Initial Units Investment Units
2018 7.24 7.23
2017 2.13 8.88 ●Australian Shares 29.3%
2016 -5.39 0.89 ●Global Shares 28.6%
2015 0.88 7.54 ●Listed Property 0.0%
Indirect Cost Ratio (% p.a.)2: 2.26
Initial units: 2.26
Investment Units:
2014 4.62 11.57 ●Alternatives 18.2%
5 years (% p.a.) 1.8 7.16 ●Fixed Interest 8.3%
10 years (% p.a.) -0.68 5.21 ●Cash 15.6%Risk: High
Asset Allocation at 30 June 20181
To invest in a diversified portfolio of assets
expected to generate a mix of long-term capital
growth and income, but which may be volatile in
the short-to-medium term. To achieve a return of
Consumer Price Index (CPI) plus 3.5% p.a. over
a rolling six-year period before fees and taxes.
127
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Australian Equities Fund - 2EQU
Objective and strategy Investment performance – Yearly returns to 30 June (%)
Initial Units Investment Units
2018 10 10.00
2017 7.12 14.07 ●Australian Shares 99.2%
2016 -7.35 -1.31 ●Global Shares 0.0%
2015 -2.87 3.44 ●Listed Property 0.0%
Indirect Cost Ratio (% p.a.)2: 2.23
Initial units: 2.23
Investment Units:
2014 7.49 14.51 ●Alternatives 0.0%
5 years (% p.a.) 2.65 7.96 ●Fixed Interest 0.0%
10 years (% p.a.) -0.69 5.10 ●Cash 0.8%Risk: Very high
Asset Allocation at 30 June 20181
To provide long term capital growth through
investment in Australian listed company shares.
This option may have a high level of short to
medium-term volatility. To outperform the option’s
benchmark over a rolling seven-year period
before fees and taxes.
International Equities Fund - 2INU
Objective and strategy Investment performance – Yearly returns to 30 June (%)
Initial Units Investment Units
2018 13.39 13.40
2017 9.04 16.12 ●Australian Shares 0.0%
2016 -8.91 -2.98 ●Global Shares 99.3%
2015 5.86 12.75 ●Listed Property 0.0%
Indirect Cost Ratio (% p.a.)2: 2.29
Initial units: 2.29
Investment Units:
2014 9.5 16.65 ●Alternatives 0.0%
5 years (% p.a.) 5.48 10.94 ●Fixed Interest 0.0%
10 years (% p.a.) 1 6.89 ●Cash 0.7%Risk: Very high
Asset Allocation at 30 June 20181
To provide long-term capital growth through
investment in global listed company shares. This
option may have a high level of short to medium-
term volatility. To outperform the option’s
benchmark over a rolling seven-year period
before fees and taxes.
128
Colonial Rollover Bond7, Personal Super Investment Growth Bond7,8 and Super Investment Growth Bond7,8 and Super Investment Growth Bond7,8 (E05, E06, E10, E03, E04, E01, E02)
Capital Guaranteed Cash Fund - 2CSH
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.43
2017 0.53 ●Australian Shares 0.0%
2016 0.70 ●Global Shares 0.0%
2015 0.95 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.7 2014 0.87 ●Alternatives°° 0.0%
5 years (% p.a.) 0.70 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.62 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Guaranteed Fund - 1SUP
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.57
2017 6.15 ●Australian Shares 0.0%
2016 5.94 ●Global Shares 11.4%
2015 5.67 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.51 2014 5.81 ●Alternatives°° 9.7%
5 years (% p.a.) 5.83 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 5.98 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Fixed Interest Fund - 2FIX
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 -0.33
2017 0.00 ●Australian Shares 0.0%
2016 4.00 ●Global Shares 0.0%
2015 2.73 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.92 2014 4.81 ●Alternatives°° 0.0%
5 years (% p.a.) 2.22 ●Fixed Interest°°° 99.4%
10 years (% p.a.) 3.75 ●Cash 0.6%
To provide relatively stable returns by investing in
Australian and global fixed interest securities. To
outperform the option’s composite benchmark over a
rolling three-year period before fees and taxes.
Risk: Medium
129
Property Fund - 2PRP
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.23
2017 1.39 ●Australian Shares 0.0%
2016 8.71 ●Global Shares 0.0%
2015 9.95 ●Listed Property° 100.2%
Indirect Cost Ratio (% p.a.)2: 2.3 2014 9.66 ●Alternatives°° 0.0%
5 years (% p.a.) 6.94 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 3.62 ●Cash -0.2%
To provide long-term capital growth and income from a
diversified portfolio of global listed property investments.
To outperform the option’s benchmark over a rolling
seven-year period before fees and taxes.
Risk: Very high
Stable Fund - 2STB
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.64
2017 3.36 ●Australian Shares 11.3%
2016 2.09 ●Global Shares 10.7%
2015 4.40 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.1 2014 6.17 ●Alternatives°° 13.5%
5 years (% p.a.) 3.72 ●Fixed Interest°°° 35.0%
10 years (% p.a.) 3.64 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Consensus Stable Fund - 2CST
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.70
2017 3.51 ●Australian Shares 10.8%
2016 2.25 ●Global Shares 10.7%
2015 4.50 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.98 2014 6.24 ●Alternatives°° 13.0%
5 years (% p.a.) 3.83 ●Fixed Interest°°° 34.9%
10 years (% p.a.) 3.80 ●Cash 30.6%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Managed Fund - 2MGD
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.35
2017 9.16 ●Australian Shares 29.3%
2016 1.15 ●Global Shares 28.6%
2015 7.83 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.14 2014 11.87 ●Alternatives°° 18.2%
5 years (% p.a.) 7.41 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.47 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
130
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Consensus Managed Fund - 2CMG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.48
2017 9.21 ●Australian Shares 28.9%
2016 1.29 ●Global Shares 28.5%
2015 8.00 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.04 2014 12.01 ●Alternatives°° 17.8%
5 years (% p.a.) 7.54 ●Fixed Interest°°° 8.2%
10 years (% p.a.) 5.69 ●Cash 16.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Australian Equities Fund - 2EQY
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 10.14
2017 14.39 ●Australian Shares 99.2%
2016 -1.02 ●Global Shares 0.0%
2015 3.70 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.11 2014 14.83 ●Alternatives°° 0.0%
5 years (% p.a.) 8.23 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 5.35 ●Cash 0.8%
To provide long term capital growth through investment
in Australian listed company shares. This option may
have a high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
International Equities Fund - 2INT
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 13.61
2017 16.43 ●Australian Shares 0.0%
2016 -2.74 ●Global Shares 99.3%
2015 12.98 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.12 2014 16.95 ●Alternatives°° 0.0%
5 years (% p.a.) 11.19 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 7.14 ●Cash 0.7%
To provide long-term capital growth through investment
in global listed company shares. This option may have a
high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
131
Colonial Rollover Deposit Plan (E09)
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Capital Guaranteed Fund3 - 1SUP
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.57
2017 6.15 ●Australian Shares 0.0%
2016 5.94 ●Global Shares 11.4%
2015 5.67 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.51 2014 5.81 ●Alternatives°° 9.7%
5 years (% p.a.) 5.83 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 5.98 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
132
SGIC Personal Superannuation Bond8 (ED3, EE3, EG3)
Capital Guaranteed Cash Fund - 7SCA
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.49
2017 0.53 ●Australian Shares 0.0%
2016 0.69 ●Global Shares 0.0%
2015 0.94 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.7 2014 0.90 ●Alternatives°° 0.0%
5 years (% p.a.) 0.71 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.62 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Guaranteed Fund4,9 - 6SBD
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.22
2017 2.37 ●Australian Shares 0.0%
2016 3.02 ●Global Shares 12.8%
2015 4.10 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.66 2014 3.65 ●Alternatives°° 9.3%
5 years (% p.a.) 3.07 ●Fixed Interest°°° 29.7%
10 years (% p.a.) 3.89 ●Cash 48.2%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed Fund4 - 6SCG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.02
2017 2.17 ●Australian Shares 0.0%
2016 2.81 ●Global Shares 12.8%
2015 3.91 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.86 2014 3.45 ●Alternatives°° 9.3%
5 years (% p.a.) 2.87 ●Fixed Interest°°° 29.7%
10 years (% p.a.) 3.70 ●Cash 48.2%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
133
Fixed Interest Fund - 7SFI
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 -0.18
2017 0.15 ●Australian Shares 0.0%
2016 4.25 ●Global Shares 0.0%
2015 2.88 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.77 2014 4.93 ●Alternatives°° 0.0%
5 years (% p.a.) 2.38 ●Fixed Interest°°° 99.4%
10 years (% p.a.) 3.91 ●Cash 0.6%
To provide relatively stable returns by investing in
Australian and global fixed interest securities. To
outperform the option’s composite benchmark over a
rolling three-year period before fees and taxes.
Risk: Medium
Property Fund - 7SPF
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.59
2017 1.74 ●Australian Shares 0.0%
2016 9.10 ●Global Shares 0.0%
2015 10.29 ●Listed Property° 100.2%
Indirect Cost Ratio (% p.a.)2: 1.95 2014 10.05 ●Alternatives°° 0.0%
5 years (% p.a.) 7.30 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 3.99 ●Cash -0.2%
To provide long-term capital growth and income from a
diversified portfolio of global listed property investments.
To outperform the option’s benchmark over a rolling
seven-year period before fees and taxes.
Risk: Very high
Managed Fund - 7SMN
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.62
2017 9.45 ●Australian Shares 29.3%
2016 1.40 ●Global Shares 28.6%
2015 8.10 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.88 2014 12.15 ●Alternatives°° 18.2%
5 years (% p.a.) 7.68 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.73 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Australian Equities Fund - 7SAE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 10.45
2017 14.80 ●Australian Shares 99.2%
2016 -0.71 ●Global Shares 0.0%
2015 4.06 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.81 2014 15.19 ●Alternatives°° 0.0%
5 years (% p.a.) 8.58 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 5.70 ●Cash 0.8%
To provide long term capital growth through investment
in Australian listed company shares. This option may
have a high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
134
International Equities Fund - 7SIE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 13.98
2017 16.83 ●Australian Shares 0.0%
2016 -2.39 ●Global Shares 99.3%
2015 13.39 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.78 2014 17.34 ●Alternatives°° 0.0%
5 years (% p.a.) 11.58 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 7.51 ●Cash 0.7%
To provide long-term capital growth through investment
in global listed company shares. This option may have a
high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
Capital Protected Fund - December - 7SP1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.19
2017 0.41 ●Australian Shares 0.0%
2016 0.44 ●Global Shares 0.0%
2015 0.83 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.69 2014 0.86 ●Alternatives°° 0.0%
5 years (% p.a.) 0.54 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.54 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Protected Fund – June A (ex-March) - 7SP2
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.20
2017 0.40 ●Australian Shares 0.0%
2016 0.44 ●Global Shares 0.0%
2015 0.82 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.69 2014 0.88 ●Alternatives°° 0.0%
5 years (% p.a.) 0.55 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.54 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Protected Fund – June - 7SP3
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.20
2017 0.40 ●Australian Shares 0.0%
2016 0.44 ●Global Shares 0.0%
2015 0.83 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.69 2014 0.87 ●Alternatives°° 0.0%
5 years (% p.a.) 0.55 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.54 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
135
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Capital Protected Fund - September - 7SP4
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.20
2017 0.41 ●Australian Shares 0.0%
2016 0.43 ●Global Shares 0.0%
2015 0.83 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.69 2014 0.86 ●Alternatives°° 0.0%
5 years (% p.a.) 0.55 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.54 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
136
SGIC Rollover Deposit Plan7 (EC3, EF3)
Capital Guaranteed Cash Fund - 7RCA
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.49
2017 0.53 ●Australian Shares 0.0%
2016 0.69 ●Global Shares 0.0%
2015 0.94 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.7 2014 0.90 ●Alternatives°° 0.0%
5 years (% p.a.) 0.71 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.62 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Guaranteed Fund4 - 6RCG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.02
2017 2.17 ●Australian Shares 0.0%
2016 2.81 ●Global Shares 12.8%
2015 3.91 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.86 2014 3.45 ●Alternatives°° 9.3%
5 years (% p.a.) 2.87 ●Fixed Interest°°° 29.7%
10 years (% p.a.) 3.70 ●Cash 48.2%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Fixed Interest Fund - 7RFI
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 -0.18
2017 0.15 ●Australian Shares 0.0%
2016 4.25 ●Global Shares 0.0%
2015 2.88 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.77 2014 4.93 ●Alternatives°° 0.0%
5 years (% p.a.) 2.38 ●Fixed Interest°°° 99.4%
10 years (% p.a.) 3.91 ●Cash 0.6%
To provide relatively stable returns by investing in
Australian and global fixed interest securities. To
outperform the option’s composite benchmark over a
rolling three-year period before fees and taxes.
Risk: Medium
137
Property Fund - 7RPF
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.59
2017 1.74 ●Australian Shares 0.0%
2016 9.10 ●Global Shares 0.0%
2015 10.29 ●Listed Property° 100.2%
Indirect Cost Ratio (% p.a.)2: 1.95 2014 10.05 ●Alternatives°° 0.0%
5 years (% p.a.) 7.30 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 3.99 ●Cash -0.2%
To provide long-term capital growth and income from a
diversified portfolio of global listed property investments.
To outperform the option’s benchmark over a rolling
seven-year period before fees and taxes.
Risk: Very high
Managed Fund - 7RMN
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.62
2017 9.45 ●Australian Shares 29.3%
2016 1.40 ●Global Shares 28.6%
2015 8.10 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.88 2014 12.15 ●Alternatives°° 18.2%
5 years (% p.a.) 7.68 ●Fixed Interest°°° 8.3%
10 years (% p.a.) 5.73 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Australian Equities Fund - 7RAE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 10.45
2017 14.80 ●Australian Shares 99.2%
2016 -0.71 ●Global Shares 0.0%
2015 4.06 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.81 2014 15.19 ●Alternatives°° 0.0%
5 years (% p.a.) 8.58 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 5.70 ●Cash 0.8%
To provide long term capital growth through investment
in Australian listed company shares. This option may
have a high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
International Equities Fund - 7RIE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 13.98
2017 16.83 ●Australian Shares 0.0%
2016 -2.39 ●Global Shares 99.3%
2015 13.39 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.78 2014 17.34 ●Alternatives°° 0.0%
5 years (% p.a.) 11.58 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 7.51 ●Cash 0.7%
To provide long-term capital growth through investment
in global listed company shares. This option may have a
high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
138
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Capital Protected Fund - December - 7RP1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.19
2017 0.41 ●Australian Shares 0.0%
2016 0.44 ●Global Shares 0.0%
2015 0.83 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.69 2014 0.86 ●Alternatives°° 0.0%
5 years (% p.a.) 0.54 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.54 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Protected Fund – June A (ex-March) - 7RP2
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.20
2017 0.40 ●Australian Shares 0.0%
2016 0.44 ●Global Shares 0.0%
2015 0.82 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.69 2014 0.88 ●Alternatives°° 0.0%
5 years (% p.a.) 0.55 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.54 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Protected Fund – June - 7RP3
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.20
2017 0.40 ●Australian Shares 0.0%
2016 0.44 ●Global Shares 0.0%
2015 0.83 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.69 2014 0.87 ●Alternatives°° 0.0%
5 years (% p.a.) 0.55 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.54 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Protected Fund - September - 7RP4
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.20
2017 0.41 ●Australian Shares 0.0%
2016 0.43 ●Global Shares 0.0%
2015 0.83 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.69 2014 0.86 ●Alternatives°° 0.0%
5 years (% p.a.) 0.55 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.54 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
139
Ex Legal and General Capital Guaranteed products
Retirement Investment Plan7,8,3 (W01)
Colonial Retirement Accumulation Plan (W02)
Return to contents
Table 60 and 80 - 1RIP
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.70
2017 4.35 ●Australian Shares 0.0%
2016 4.76 ●Global Shares 11.4%
2015 5.03 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.88 2014 4.70 ●Alternatives°° 9.7%
5 years (% p.a.) 4.71 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 4.84 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Table 62 and Plus - 1RAP
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.59
2017 5.25 ●Australian Shares 0.0%
2016 5.66 ●Global Shares 11.4%
2015 5.94 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.02 2014 5.60 ●Alternatives°° 9.7%
5 years (% p.a.) 5.61 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 5.74 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Retirement Accumulation Plan7,8,3 (W02) - 1RAP
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.59
2017 5.25 ●Australian Shares 0.0%
2016 5.66 ●Global Shares 11.4%
2015 5.94 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.02 2014 5.60 ●Alternatives°° 9.7%
5 years (% p.a.) 5.61 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 5.74 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
140
Colonial Private Trustee (W04)
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Private Trustee Superannuation7,3 (W04) - 1LUS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.60
2017 5.25 ●Australian Shares 0.0%
2016 5.66 ●Global Shares 11.4%
2015 5.94 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.91 2014 5.60 ●Alternatives°° 9.7%
5 years (% p.a.) 5.61 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 5.74 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
141
Life Umbrella8,3 Superannuation (W03)
Return to contents
Superannuation (W03) - 1LUS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.60
2017 5.25 ●Australian Shares 0.0%
2016 5.66 ●Global Shares 11.4%
2015 5.94 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.91 2014 5.60 ●Alternatives°° 9.7%
5 years (% p.a.) 5.61 ●Fixed Interest°°° 31.4%
10 years (% p.a.) 5.74 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
142
SGIC Capital Guaranteed products
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Colonial Rollover Bond4,7 (EA3) - 6ROL
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.02
2017 2.17 ●Australian Shares 0.0%
2016 2.81 ●Global Shares 12.8%
2015 3.90 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.86 2014 3.45 ●Alternatives°° 9.3%
5 years (% p.a.) 2.87 ●Fixed Interest°°° 29.7%
10 years (% p.a.) 3.70 ●Cash 48.2%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Money Plan Super4,8 (WA3) - 6SMY
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.22
2017 2.37 ●Australian Shares 0.0%
2016 3.02 ●Global Shares 12.8%
2015 4.10 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.66 2014 3.65 ●Alternatives°° 9.3%
5 years (% p.a.) 3.07 ●Fixed Interest°°° 29.7%
10 years (% p.a.) 3.89 ●Cash 48.2%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Colonial Rollover Bond4,7 (EB3) - 6RNF
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.67
2017 1.82 ●Australian Shares 0.0%
2016 2.46 ●Global Shares 12.8%
2015 3.55 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.21 2014 3.10 ●Alternatives°° 9.3%
5 years (% p.a.) 2.52 ●Fixed Interest°°° 29.7%
10 years (% p.a.) 3.38 ●Cash 48.2%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
143
Colonial Living Money7,8 (E07, E08)
Capital Guaranteed Cash Fund - 4CSH
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.78
2017 0.81 ●Australian Shares 0.0%
2016 1.00 ●Global Shares 0.0%
2015 1.32 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.72 2014 1.31 ●Alternatives°° 0.0%
5 years (% p.a.) 1.04 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 2.16 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Fixed Interest Fund - 4FIX
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.24
2017 0.21 ●Australian Shares 0.0%
2016 4.82 ●Global Shares 0.0%
2015 3.38 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.92 2014 6.08 ●Alternatives°° 0.0%
5 years (% p.a.) 2.92 ●Fixed Interest°°° 97.1%
10 years (% p.a.) 4.92 ●Cash 2.9%
To provide relatively stable returns by investing in
Australian and global fixed interest securities. To
outperform the option’s composite benchmark over a
rolling three-year period before fees and taxes.
Risk: Medium
Property Fund - 4PRP
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.82
2017 1.16 ●Australian Shares 0.0%
2016 9.87 ●Global Shares 0.0%
2015 10.64 ●Listed Property° 100.0%
Indirect Cost Ratio (% p.a.)2: 2.36 2014 11.41 ●Alternatives°° 0.0%
5 years (% p.a.) 7.71 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 4.31 ●Cash 0.0%
To provide long-term capital growth and income from a
diversified portfolio of global listed property investments.
To outperform the option’s benchmark over a rolling
seven-year period before fees and taxes.
Risk: Very high
Stable Fund - 4STB
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.35
2017 4.15 ●Australian Shares 10.8%
2016 2.86 ●Global Shares 11.1%
2015 5.36 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.08 2014 7.37 ●Alternatives°° 15.2%
5 years (% p.a.) 4.61 ●Fixed Interest°°° 34.4%
10 years (% p.a.) 4.59 ●Cash 28.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
144
Consensus Stable Fund - 4CST
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.44
2017 4.35 ●Australian Shares 10.0%
2016 2.98 ●Global Shares 10.1%
2015 5.54 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.78 2014 7.69 ●Alternatives°° 13.4%
5 years (% p.a.) 4.79 ●Fixed Interest°°° 34.2%
10 years (% p.a.) 4.86 ●Cash 32.3%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
Managed Fund - 4MGD
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.11
2017 10.35 ●Australian Shares 29.4%
2016 1.53 ●Global Shares 28.6%
2015 9.22 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.12 2014 13.83 ●Alternatives°° 18.9%
5 years (% p.a.) 8.53 ●Fixed Interest°°° 8.7%
10 years (% p.a.) 6.34 ●Cash 14.4%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Consensus Managed Fund - 4CMG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.40
2017 10.83 ●Australian Shares 29.5%
2016 1.75 ●Global Shares 28.9%
2015 9.27 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.81 2014 14.04 ●Alternatives°° 17.5%
5 years (% p.a.) 8.78 ●Fixed Interest°°° 8.4%
10 years (% p.a.) 6.85 ●Cash 15.7%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Australian Equities Fund - 4EQY
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 11.58
2017 16.54 ●Australian Shares 99.2%
2016 -0.77 ●Global Shares 0.0%
2015 4.49 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.13 2014 16.50 ●Alternatives°° 0.0%
5 years (% p.a.) 9.45 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 6.08 ●Cash 0.8%
To provide long term capital growth through investment
in Australian listed company shares. This option may
have a high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
145
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International Equities Fund - 4INT
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 14.36
2017 18.14 ●Australian Shares 0.0%
2016 -3.00 ●Global Shares 99.3%
2015 14.90 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.14 2014 18.54 ●Alternatives°° 0.0%
5 years (% p.a.) 12.28 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 8.21 ●Cash 0.7%
To provide long-term capital growth through investment
in global listed company shares. This option may have a
high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
146
SGIC Retirement Plus Account8 (FA3, FB3)
Capital Guaranteed Cash Fund - 9ACA
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.01
2017 1.01 ●Australian Shares 0.0%
2016 1.19 ●Global Shares 0.0%
2015 1.52 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.52 2014 1.52 ●Alternatives°° 0.0%
5 years (% p.a.) 1.25 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 2.38 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Guaranteed Fund4 - 6ACG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.44
2017 2.73 ●Australian Shares 0.0%
2016 3.53 ●Global Shares 12.6%
2015 4.79 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.67 2014 4.33 ●Alternatives°° 9.7%
5 years (% p.a.) 3.56 ●Fixed Interest°°° 29.8%
10 years (% p.a.) 4.67 ●Cash 47.9%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Property Fund - 9APF
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.39
2017 1.80 ●Australian Shares 0.0%
2016 10.39 ●Global Shares 0.0%
2015 11.22 ●Listed Property° 100.0%
Indirect Cost Ratio (% p.a.)2: 1.86 2014 11.98 ●Alternatives°° 0.0%
5 years (% p.a.) 8.29 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 4.84 ●Cash 0.0%
To provide long-term capital growth and income from a
diversified portfolio of global listed property investments.
To outperform the option’s benchmark over a rolling
seven-year period before fees and taxes.
Risk: Very high
Managed Fund - 9AMN
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.63
2017 10.79 ●Australian Shares 29.4%
2016 1.92 ●Global Shares 28.6%
2015 9.60 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.72 2014 14.27 ●Alternatives°° 18.9%
5 years (% p.a.) 8.97 ●Fixed Interest°°° 8.7%
10 years (% p.a.) 6.76 ●Cash 14.4%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
147
Australian Equities Fund - 9AAE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 12.10
2017 17.13 ●Australian Shares 99.2%
2016 -0.29 ●Global Shares 0.0%
2015 5.00 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.63 2014 17.08 ●Alternatives°° 0.0%
5 years (% p.a.) 9.98 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 6.58 ●Cash 0.8%
To provide long term capital growth through investment
in Australian listed company shares. This option may
have a high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
International Equities Fund - 9AIE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 14.84
2017 18.63 ●Australian Shares 0.0%
2016 -2.54 ●Global Shares 99.3%
2015 15.48 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.64 2014 19.17 ●Alternatives°° 0.0%
5 years (% p.a.) 12.81 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 8.73 ●Cash 0.7%
To provide long-term capital growth through investment
in global listed company shares. This option may have a
high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
Capital Protected Fund - December - 9AP1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.74
2017 0.86 ●Australian Shares 0.0%
2016 0.90 ●Global Shares 0.0%
2015 1.36 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.51 2014 1.50 ●Alternatives°° 0.0%
5 years (% p.a.) 1.07 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 2.28 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Protected Fund – June A (ex-March) - 9AP2
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.71
2017 0.86 ●Australian Shares 0.0%
2016 0.90 ●Global Shares 0.0%
2015 1.37 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.51 2014 1.50 ●Alternatives°° 0.0%
5 years (% p.a.) 1.07 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 2.28 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
148
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Capital Protected Fund – June - 9AP3
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.70
2017 0.89 ●Australian Shares 0.0%
2016 0.90 ●Global Shares 0.0%
2015 1.36 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.51 2014 1.50 ●Alternatives°° 0.0%
5 years (% p.a.) 1.07 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 2.28 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Protected Fund - September - 9AP4
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.70
2017 0.86 ●Australian Shares 0.0%
2016 0.90 ●Global Shares 0.0%
2015 1.36 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.51 2014 1.55 ●Alternatives°° 0.0%
5 years (% p.a.) 1.07 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 2.28 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
149
Umbrella Investment Plan7, Umbrella Financial Plan7, Investment Growth Bond7 (T10, T11, T12, A01, A02, A03, A04, A05)
Capital Guaranteed Cash Fund - 3CSH
Objective and strategy Investment performance – Yearly returns to 30 June (%)
Initial Units Investment Units
2018 0.44 0.45
2017 -6.31 0.53 ●Australian Shares 0.0%
2016 -6.18 0.67 ●Global Shares 0.0%
2015 -5.98 0.89 ●Listed Property 0.0%
Indirect Cost Ratio (% p.a.)2: 1.3
Initial units: 1.31
Investment Units:
2014 -6.07 0.82 ●Alternatives 0.0%
5 years (% p.a.) -4.86 0.67 ●Fixed Interest 0.0%
10 years (% p.a.) -4.91 1.31 ●Cash 100.0%Risk: Very Low
Asset Allocation at 30 June 20181
To provide the highest level of security with income
from investments in money market securities. The
option aims to outperform the returns of the
Australian Money Markets as measured by the
Bloomberg AusBond Bank Bill Index before fees
and taxes.
Capital Guaranteed Fund3 - 1ORD
Objective and strategy Investment performance – Yearly returns to 30 June (%)
Initial Units Investment Units
2018 -2.86 2.99
2017 -3.02 2.85 ●Australian Shares 0.0%
2016 -2.68 3.21 ●Global Shares 11.0%
2015 -2.39 3.53 ●Listed Property 0.0%
Indirect Cost Ratio (% p.a.)2: 1.18
Initial units: 7.16
Investment Units:
2014 -2.39 3.54 ●Alternatives 9.1%
5 years (% p.a.) -2.67 3.22 ●Fixed Interest 32.2%
10 years (% p.a.) -2.72 3.16 ●Cash 47.7%Risk: Very low
Asset Allocation at 30 June 20181
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns
(before tax) in excess of inflation; Managing short
term risks to support delivery of stable
bonus/crediting rates from period to period,
consistent with the objectives of the Bonus
Philosophy Policy; and maintain security of capital.
Consensus Stable Fund11 - 3CST
Objective and strategy Investment performance – Yearly returns to 30 June (%)
Initial Units Investment Units
2018 2.24
2017 2.79 ●Australian Shares 10.8%
2016 1.72 ●Global Shares 10.9%
2015 3.62 ●Listed Property 0.0%
Indirect Cost Ratio (% p.a.)2: 1.56
Initial units:
Investment Units:
2014 4.97 ●Alternatives 12.2%
5 years (% p.a.) 3.06 ●Fixed Interest 34.2%
10 years (% p.a.) 3.11 ●Cash 31.9%Risk: Low to Medium
Asset Allocation at 30 June 20181
To invest in a diversified portfolio of assets
expected to generate a mix of income and long-
term captial growth with an emphasis on stable
returns and a reasonably high level of security. To
achieve a return of Consumer Price Index (CPI)
plus 2.5% p.a. over a rolling three-year period
before fees and taxes.
150
Consensus Managed Fund11 - 3CMG
Objective and strategy Investment performance – Yearly returns to 30 June (%)
Initial Units Investment Units
2018 5.68
2017 7.37 ●Australian Shares 28.9%
2016 0.89 ●Global Shares 29.0%
2015 6.65 ●Listed Property 0.0%
Indirect Cost Ratio (% p.a.)2: 1.78
Initial units:
Investment Units:
2014 10.14 ●Alternatives 16.8%
5 years (% p.a.) 6.10 ●Fixed Interest 8.2%
10 years (% p.a.) 4.62 ●Cash 17.1%Risk: High
Asset Allocation at 30 June 20181
To invest in a diversified portfolio of assets
expected to generate a mix of long-term capital
growth and income, but which may be volatile in
the short-to-medium term. To achieve a return of
Consumer Price Index (CPI) plus 3.5% p.a. over
a rolling six-year period before fees and taxes.
Fixed Interest Fund - 3FIX
Objective and strategy Investment performance – Yearly returns to 30 June (%)
Initial Units Investment Units
2018 -0.13 -0.11
2017 -6.97 -0.08 ●Australian Shares 0.0%
2016 -4.04 3.09 ●Global Shares 0.0%
2015 -4.89 2.15 ●Listed Property 0.0%
Indirect Cost Ratio (% p.a.)2: 1.57
Initial units: 1.66
Investment Units:
2014 -3.31 3.91 ●Alternatives 0.0%
5 years (% p.a.) -3.89 1.78 ●Fixed Interest 99.2%
10 years (% p.a.) -3.63 2.78 ●Cash 0.8%Risk: Medium
Asset Allocation at 30 June 20181
To provide relatively stable returns by investing in
Australian and global fixed interest securities. To
outperform the option’s composite benchmark over
a rolling three-year period before fees and taxes.
Property Fund - 3PRP
Objective and strategy Investment performance – Yearly returns to 30 June (%)
Initial Units Investment Units
2018 3.98 3.98
2017 -5.87 1.11 ●Australian Shares 0.0%
2016 -0.35 7.06 ●Global Shares 0.0%
2015 0.15 7.58 ●Listed Property 100.1%
Indirect Cost Ratio (% p.a.)2: 1.87
Initial units: 2.06
Investment Units:
2014 0.13 7.59 ●Alternatives 0.0%
5 years (% p.a.) -0.44 5.43 ●Fixed Interest 0.0%
10 years (% p.a.) -3.13 3.31 ●Cash -0.1%Risk: Very high
Asset Allocation at 30 June 20181
To provide long-term capital growth and income
from a diversified portfolio of global listed property
investments. To outperform the option’s benchmark
over a rolling seven-year period before fees and
taxes.
151
Stable Fund - 3STB
Objective and strategy Investment performance – Yearly returns to 30 June (%)
Initial Units Investment Units
2018 2.09 2.10
2017 -4.32 2.77 ●Australian Shares 10.5%
2016 -5.28 1.76 ●Global Shares 10.6%
2015 -3.5 3.66 ●Listed Property 0.0%
Indirect Cost Ratio (% p.a.)2: 1.56
Initial units: 1.66
Investment Units:
2014 -2.29 5.01 ●Alternatives 12.0%
5 years (% p.a.) -2.69 3.05 ●Fixed Interest 34.3%
10 years (% p.a.) -3.41 3.01 ●Cash 32.6%Risk: Low to Medium
Asset Allocation at 30 June 20181
To invest in a diversified portfolio of assets
expected to generate a mix of income and long-
term captial growth with an emphasis on stable
returns and a reasonably high level of security. To
achieve a return of Consumer Price Index (CPI)
plus 2.5% p.a. over a rolling three-year period
before fees and taxes.
Managed Fund - 3MGD
Objective and strategy Investment performance – Yearly returns to 30 June (%)
Initial Units Investment Units
2018 5.73 5.71
2017 -0.12 7.29 ●Australian Shares 29.2%
2016 -6.12 0.87 ●Global Shares 28.6%
2015 -0.95 6.38 ●Listed Property 0.0%
Indirect Cost Ratio (% p.a.)2: 1.78
Initial units: 1.92
Investment Units:
2014 1.96 9.56 ●Alternatives 16.9%
5 years (% p.a.) 0.02 5.92 ●Fixed Interest 8.1%
10 years (% p.a.) -1.97 4.55 ●Cash 17.2%Risk: High
Asset Allocation at 30 June 20181
To invest in a diversified portfolio of assets
expected to generate a mix of long-term capital
growth and income, but which may be volatile in
the short-to-medium term. To achieve a return of
Consumer Price Index (CPI) plus 3.5% p.a. over
a rolling six-year period before fees and taxes.
Australian Equities Fund - 3EQY
Objective and strategy Investment performance – Yearly returns to 30 June (%)
Initial Units Investment Units
2018 7.63 7.63
2017 3.76 11.45 ●Australian Shares 99.5%
2016 -7.72 -0.86 ●Global Shares 0.0%
2015 -3.91 3.21 ●Listed Property 0.0%
Indirect Cost Ratio (% p.a.)2: 1.72
Initial units: 1.82
Investment Units:
2014 4 11.75 ●Alternatives 0.0%
5 years (% p.a.) 0.59 6.52 ●Fixed Interest 0.0%
10 years (% p.a.) -2.19 4.31 ●Cash 0.5%Risk: Very high
Asset Allocation at 30 June 20181
To provide long term capital growth through
investment in Australian listed company shares.
This option may have a high level of short to
medium-term volatility. To outperform the option’s
benchmark over a rolling seven-year period
before fees and taxes.
152
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International Equities Fund - 3INT
Objective and strategy Investment performance – Yearly returns to 30 June (%)
Initial Units Investment Units
2018 11.56 11.55
2017 6.25 14.13 ●Australian Shares 0.0%
2016 -9.39 -2.65 ●Global Shares 99.2%
2015 3.77 11.45 ●Listed Property 0.0%
Indirect Cost Ratio (% p.a.)2: 2.06
Initial units: 2.14
Investment Units:
2014 5.34 13.18 ●Alternatives 0.0%
5 years (% p.a.) 3.26 9.35 ●Fixed Interest 0.0%
10 years (% p.a.) -0.44 6.18 ●Cash 0.8%Risk: Very high
Asset Allocation at 30 June 20181
To provide long-term capital growth through
investment in global listed company shares. This
option may have a high level of short to medium-
term volatility. To outperform the option’s
benchmark over a rolling seven-year period
before fees and taxes.
153
Investment Growth Bond7 (A06)
NC - Cash - 3NCS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.91
2017 0.96 ●Australian Shares 0.0%
2016 1.11 ●Global Shares 0.0%
2015 1.31 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.85 2014 1.22 ●Alternatives°° 0.0%
5 years (% p.a.) 1.10 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 0.00 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
NC - Global Fixed Interest - 3NFI
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.30
2017 0.36 ●Australian Shares 0.0%
2016 3.53 ●Global Shares 0.0%
2015 2.59 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.12 2014 4.28 ●Alternatives°° 0.0%
5 years (% p.a.) 2.20 ●Fixed Interest°°° 99.2%
10 years (% p.a.) 0.00 ●Cash 0.8%
To provide relatively stable returns by investing in
Australian and global fixed interest securities. To
outperform the option’s composite benchmark over a
rolling three-year period before fees and taxes.
Risk: Medium
NC - Global Property - 3NPR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.95
2017 1.36 ●Australian Shares 0.0%
2016 6.96 ●Global Shares 0.0%
2015 7.66 ●Listed Property° 100.1%
Indirect Cost Ratio (% p.a.)2: 1.55 2014 10.41 ●Alternatives°° 0.0%
5 years (% p.a.) 6.02 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 0.00 ●Cash -0.1%
To provide long-term capital growth and income from a
diversified portfolio of global listed property investments.
To outperform the option’s benchmark over a rolling
seven-year period before fees and taxes.
Risk: Very high
NC - Australian Shares - 3NAU
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.03
2017 11.87 ●Australian Shares 99.5%
2016 -0.37 ●Global Shares 0.0%
2015 3.59 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.31 2014 12.19 ●Alternatives°° 0.0%
5 years (% p.a.) 6.95 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 0.00 ●Cash 0.5%
To provide long term capital growth through investment
in Australian listed company shares. This option may
have a high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
154
NC - International Shares - 3NIN
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 11.93
2017 14.65 ●Australian Shares 0.0%
2016 -2.39 ●Global Shares 99.2%
2015 11.83 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.65 2014 13.66 ●Alternatives°° 0.0%
5 years (% p.a.) 9.75 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 0.00 ●Cash 0.8%
To provide long-term capital growth through investment
in global listed company shares. This option may have a
high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
NC - Conservative - 3NCO
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.40
2017 3.08 ●Australian Shares 10.5%
2016 2.07 ●Global Shares 10.6%
2015 3.96 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.25 2014 5.24 ●Alternatives°° 12.0%
5 years (% p.a.) 3.34 ●Fixed Interest°°° 34.3%
10 years (% p.a.) 0.00 ●Cash 32.6%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Risk: Low to Medium
NC - Diversified - 3NDI
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.85
2017 5.00 ●Australian Shares 19.7%
2016 1.38 ●Global Shares 19.4%
2015 5.01 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.34 2014 6.04 ●Alternatives°° 14.4%
5 years (% p.a.) 4.24 ●Fixed Interest°°° 22.7%
10 years (% p.a.) 0.00 ●Cash 23.8%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income
with a moderate level of security and relatively stable
returns. To achieve a return of Consumer Price Index
(CPI) plus 3.0% p.a. over a rolling five-year period
before fees and taxes.
Risk: Medium to high
NC - Balanced - 3NBA
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.08
2017 7.69 ●Australian Shares 29.2%
2016 1.23 ●Global Shares 28.6%
2015 6.68 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.41 2014 9.84 ●Alternatives°° 16.9%
5 years (% p.a.) 6.27 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 0.00 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
155
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NC - Growth - 3NGR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.87
2017 9.21 ●Australian Shares 35.0%
2016 0.33 ●Global Shares 34.2%
2015 7.28 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.5 2014 10.67 ●Alternatives°° 18.3%
5 years (% p.a.) 6.81 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 0.00 ●Cash 12.5%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Risk: High
156
SGIC Personal Investment Bond7 (AA3, AG3, AH3)
Capital Guaranteed Cash Fund - 8BCA
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.06
2017 0.13 ●Australian Shares 0.0%
2016 0.27 ●Global Shares 0.0%
2015 0.49 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.69 2014 0.42 ●Alternatives°° 0.0%
5 years (% p.a.) 0.28 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 1.03 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Guaranteed Fund7 - 6BON
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.13
2017 1.39 ●Australian Shares 0.0%
2016 2.17 ●Global Shares 12.7%
2015 2.88 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.64 2014 2.59 ●Alternatives°° 9.7%
5 years (% p.a.) 2.03 ●Fixed Interest°°° 29.0%
10 years (% p.a.) 2.81 ●Cash 48.6%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Capital Guaranteed Fund4,9 - 6BCG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.88
2017 1.13 ●Australian Shares 0.0%
2016 1.92 ●Global Shares 12.7%
2015 2.63 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.89 2014 2.34 ●Alternatives°° 9.7%
5 years (% p.a.) 1.78 ●Fixed Interest°°° 29.0%
10 years (% p.a.) 2.58 ●Cash 48.6%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
157
Property Fund - 8BPF
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.07
2017 1.19 ●Australian Shares 0.0%
2016 7.16 ●Global Shares 0.0%
2015 7.67 ●Listed Property° 100.1%
Indirect Cost Ratio (% p.a.)2: 1.96 2014 7.62 ●Alternatives°° 0.0%
5 years (% p.a.) 5.51 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 3.28 ●Cash -0.1%
To provide long-term capital growth and income from a
diversified portfolio of global listed property investments.
To outperform the option’s benchmark over a rolling
seven-year period before fees and taxes.
Risk: Very high
Managed Fund - 8BMN
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.74
2017 7.35 ●Australian Shares 29.2%
2016 0.87 ●Global Shares 28.6%
2015 6.37 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.9 2014 9.53 ●Alternatives°° 16.9%
5 years (% p.a.) 5.93 ●Fixed Interest°°° 8.1%
10 years (% p.a.) 4.44 ●Cash 17.2%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Risk: High
Australian Equities Fund - 8BAE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.58
2017 11.44 ●Australian Shares 99.5%
2016 -0.80 ●Global Shares 0.0%
2015 3.25 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.86 2014 11.75 ●Alternatives°° 0.0%
5 years (% p.a.) 6.53 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 4.33 ●Cash 0.5%
To provide long term capital growth through investment
in Australian listed company shares. This option may
have a high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
International Equities Fund - 8BIE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 11.90
2017 14.44 ●Australian Shares 0.0%
2016 -2.50 ●Global Shares 99.2%
2015 11.71 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.81 2014 13.34 ●Alternatives°° 0.0%
5 years (% p.a.) 9.59 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 6.20 ●Cash 0.8%
To provide long-term capital growth through investment
in global listed company shares. This option may have a
high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Risk: Very high
158
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Capital Protected Fund - December - 8BP1
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 -0.16
2017 -0.01 ●Australian Shares 0.0%
2016 0.02 ●Global Shares 0.0%
2015 0.34 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.74 2014 0.37 ●Alternatives°° 0.0%
5 years (% p.a.) 0.11 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 0.92 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Protected Fund – June - 8BP3
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 -0.20
2017 -0.01 ●Australian Shares 0.0%
2016 0.02 ●Global Shares 0.0%
2015 0.33 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.74 2014 0.38 ●Alternatives°° 0.0%
5 years (% p.a.) 0.10 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 0.92 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
Capital Protected Fund - September - 8BP4
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 -0.19
2017 0.00 ●Australian Shares 0.0%
2016 0.03 ●Global Shares 0.0%
2015 0.37 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.73 2014 0.44 ●Alternatives°° 0.0%
5 years (% p.a.) 0.13 ●Fixed Interest°°° 0.0%
10 years (% p.a.) 0.95 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Risk: Very Low
159
Colonial Life Umbrella3,7 (S03 - ex Legal and General Capital Guaranteed product)
Return to contents
160
SGIC Capital Guaranteed products4,7 (SB3, AF3, SA3)
Return to contents
Ordinary Passbook Rate - 6HIN
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.58
2017 0.45 ●Australian Shares 0.0%
2016 1.21 ●Global Shares 12.7%
2015 1.83 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.19 2014 1.53 ●Alternatives°° 9.7%
5 years (% p.a.) 1.12 ●Fixed Interest°°° 29.0%
10 years (% p.a.) 1.91 ●Cash 48.6%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Ordinary Funeral Bond - 6FNR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.58
2017 0.32 ●Australian Shares 0.0%
2016 1.08 ●Global Shares 12.7%
2015 1.63 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.19 2014 1.33 ●Alternatives°° 9.7%
5 years (% p.a.) 0.99 ●Fixed Interest°°° 29.0%
10 years (% p.a.) 1.76 ●Cash 48.6%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
Money Plan Ordinary - 6MNY
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.13
2017 1.39 ●Australian Shares 0.0%
2016 2.17 ●Global Shares 12.7%
2015 2.88 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.64 2014 2.59 ●Alternatives°° 9.7%
5 years (% p.a.) 2.03 ●Fixed Interest°°° 29.0%
10 years (% p.a.) 2.81 ●Cash 48.6%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Risk: Very low
161
Colonial Select Personal Superannuation8 & CPSL MasterFund Superannuation8 & Personal Superannuation Portfolio8,5
Multi-Manager Global Share Fund - SXCMOE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 15.44
2017 15.24 ●Australian Shares 0.0%
2016 -5.49 ●Global Shares 95.0%
2015 23.47 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.97 2014 20.18 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 13.28 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 6.77 ●Cash 5.0%
To provide long-term capital growth from a diversified
portfolio of global shares. To outperform the MSCI All
Country World Index over rolling three-year periods
before fees and taxes.
MFS Global Equity Option - SXAMOE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.58
2017 17.01 ●Australian Shares 0.0%
2016 -0.41 ●Global Shares 98.0%
2015 23.78 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.89 2014 17.40 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 12.96 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.24 ●Cash 2.0%
To provide capital appreciation over the longer term by
investing in a diversified portfolio of global shares
(unhedged) and to outperform the MSCI World Index
over rolling five year periods, before fees and taxes.
Pendal Core Global Share Option* - SXROOE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 14.08
2017 16.36 ●Australian Shares 0.0%
2016 -3.78 ●Global Shares 98.9%
2015 24.12 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.08 2014 19.62 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 13.66 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 8.87 ●Cash 1.1%
To provide a portfolio of international investments that
aims to provide a return (before fees and taxes) that
exceeds the MSCI World (ex Australia) Index over
rolling three-year periods.
162
Colonial First State Wholesale Geared Global Share Fund - SXFSGG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 21.17
2017 24.46 ●Australian Shares 0.0%
2016 -8.98 ●Global Shares 94.7%
2015 25.27 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.14 2014 26.80 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 16.87 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 9.39 ●Cash 5.3%
To magnify long-term capital growth by borrowing to
invest in a diversified portfolio of global shares. The
option aims to outperform the MSCI All Country World
Index over rolling seven-year periods before fees and
taxes.
Colonial First State Wholesale Global Resources Fund - SXFSRE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 18.89
2017 5.08 ●Australian Shares 0.0%
2016 -3.10 ●Global Shares 97.2%
2015 -12.83 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.12 2014 25.54 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 5.79 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) -2.89 ●Cash 2.8%
To provide long-term capital growth by predominantly
investing in resource companies from around the world.
The option aims to outperform the Euromoney Global
Mining Accumulation Index (75%) and the MSCI All
Country World Energy Index (25%) over rolling five-
year periods before fees and taxes.
FC Wsale Pension Stewart Investors Worldwide Leaders Fund - SXFSOE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 12.17
2017 10.21 ●Australian Shares 0.0%
2016 9.03 ●Global Shares 85.8%
2015 19.27 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.09 2014 13.56 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 12.79 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.34 ●Cash 14.2%
To provide long-term capital growththat exceeds the
MSCI All Country World Index over rolling five-year
periods before fees and taxes.
Colonial First State Wholesale Index Global Share Fund - SXCTOE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 14.83
2017 15.11 ●Australian Shares 0.0%
2016 -1.01 ●Global Shares 99.2%
2015 23.66 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.26 2014 20.06 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 14.20 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 8.61 ●Cash 0.8%
To closely track the MSCI World (ex Australia) Index
with the aim of generating returns (before tax and fees
and assuming income is reinvested) comparable to the
world sharemarkets as measured by that benchmark
(unhedged) over rolling one-year period.
163
FirstChoice Wholesale Asian Share Fund (formerly Schroder Asia Pacific fund) - SXSAOE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.94
2017 23.60 ●Australian Shares 0.0%
2016 -5.63 ●Global Shares 97.6%
2015 25.06 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.91 2014 16.91 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 13.40 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 9.66 ●Cash 2.4%
To provide long-term capital growth from a diversified
portfolio of predominantly Asian companies. To
outperform the MSCI All Country Asia (ex Japan) Index
over rolling three-year periods before fees and taxes.
Multi-Manager Australian Share Fund - SXCMDE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 12.98
2017 20.45 ●Australian Shares 97.4%
2016 -2.54 ●Global Shares 0.0%
2015 4.91 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.79 2014 17.31 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 10.30 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.38 ●Cash 2.6%
To provide long-term capital growth and some tax-
effective income from a diversified portfolio of
predominantly Australian companies. To outperform the
S&P/ASX 300 Accumulation Index over rolling three-
year periods before fees and taxes.
Ausbil Australian Active Equity Option - SXCSDE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 15.42
2017 17.83 ●Australian Shares 98.8%
2016 1.26 ●Global Shares 0.0%
2015 3.44 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.55 2014 21.25 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 11.55 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.85 ●Cash 1.2%
To provide long-term growth with moderate tax-effective
income. The option aims to outperform the S&P/ASX 300
Accumulation Index over rolling three-year periods
before fees and taxes.
Pendal Australian Share Option - SXRODE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 13.18
2017 19.37 ●Australian Shares 98.6%
2016 -0.62 ●Global Shares 0.0%
2015 7.32 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.92 2014 20.08 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 11.59 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.34 ●Cash 1.4%
The option aims to provide a return (before fees, costs
and taxes) that exceeds the S&P/ASX 300 Accumulation
Index over rolling three-year periods.
164
Colonial First State Wholesale Australian Share Fund - Core - SXCPAS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 11.70
2017 15.83 ●Australian Shares 96.1%
2016 0.09 ●Global Shares 0.0%
2015 6.05 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.62 2014 15.73 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 9.71 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.36 ●Cash 3.9%
To provide long-term capital growth with some income by
investing predominantly in a broad selection of Australian
companies. The option aims to outperform the S&P/ASX
200 Accumulation Index over rolling three-year periods
before fees and taxes.
Colonial First State Wholesale Geared Share Fund - SXFSGS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 28.66
2017 35.02 ●Australian Shares 92.7%
2016 -3.54 ●Global Shares 0.0%
2015 12.06 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.14 2014 34.25 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 20.31 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 9.93 ●Cash 7.3%
To magnify long-term returns from capital growth by
borrowing to invest in large Australian companies. The
option aims to outperform the S&P/ASX 100 Accumulation
Index over rolling seven-year periods before fees and
taxes.
Colonial First State Wholesale Imputation Fund - SXFSIM
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 18.41
2017 10.99 ●Australian Shares 98.2%
2016 0.06 ●Global Shares 0.0%
2015 5.24 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.01 2014 16.54 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 10.03 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.62 ●Cash 1.8%
To provide long-term capital growth with some tax-
effective income by investing in a broad selection of
Australian companies. The option aims to outperform the
S&P/ASX 200 Accumlation Index over rolling three-year
periods before fees and taxes.
Colonial First State Wholesale Index Australian Share Fund - SXCTDE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 11.56
2017 17.47 ●Australian Shares 99.9%
2016 0.30 ●Global Shares 0.0%
2015 4.53 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.24 2014 17.59 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 10.07 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 6.86 ●Cash 0.1%
To closely track the S&P/ASX 200 Accumulation Index
with the aim of generating returns (before tax and fees
and assuming income is reinvested) comparable to the
Australian sharemarket as measured by that benchmark
over rolling one-year periods.
165
Colonial First State Wholesale Small Companies Fund - Core - SXCPSC
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 20.94
2017 12.95 ●Australian Shares 97.4%
2016 12.95 ●Global Shares 0.0%
2015 13.32 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.71 2014 24.85 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 16.90 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 10.51 ●Cash 2.6%
To provide long-term capital growth by investing
predominantly in small Australian companies. The option
aims to outperform the S&P/ASX Small Ordinaries
Accumulation Index over rolling three-year periods
before fees.
Maple-Brown Abbott Imputation Option* - SXMBIM
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.91
2017 22.58 ●Australian Shares 94.0%
2016 -8.26 ●Global Shares 0.0%
2015 5.24 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.9 2014 17.56 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 8.87 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.14 ●Cash 6.0%
To outperform the S&P/ASX 200 Accumulation Index
before fees and taxes over rolling four-year periods.
Perpetual Industrial Share Option* - SXPPIS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.86
2017 16.89 ●Australian Shares 95.1%
2016 -1.76 ●Global Shares 0.0%
2015 6.83 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.93 2014 18.87 ●Alternatives°° 0.0%
Risk: High 5 years (% p.a.) 9.07 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 9.24 ●Cash 4.9%
To provide long-term capital growth and regular income
predominantly through investment in quality Australian
Industrial shares. The option aims to outperform the
S&P/ASX 300 Industrials Accumulation Index over rolling
three-year periods before fees and taxes.
Schroder Australian Equity Option - SXSADE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 12.40
2017 23.39 ●Australian Shares 98.9%
2016 -5.70 ●Global Shares 0.0%
2015 2.60 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.62 2014 16.66 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 9.38 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 8.39 ●Cash 1.1%
To outperform the S&P/ASX 200 Accumulation Index
over rolling three-year periods before fees and taxes, by
investing in a broad range of companies from Australia
and New Zealand.
166
Multi-Manager Property Securities Fund - SXCMPS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.03
2017 -0.12 ●Australian Shares 0.0%
2016 20.71 ●Global Shares 0.0%
2015 15.15 ●Listed Property° 95.1%
Indirect Cost Ratio (% p.a.)2: 0.54 2014 13.89 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 11.51 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 5.58 ●Cash 4.9%
To provide capital growth and income from a diversified
portfolio of listed property investments. To outperform the
S&P/ASX 300 A-REIT Accumulation Index over rolling
three-year periods before fees and taxes.
Pendal Property Investment Option - SXROPR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.34
2017 -2.10 ●Australian Shares 0.0%
2016 20.84 ●Global Shares 0.0%
2015 15.12 ●Listed Property° 97.2%
Indirect Cost Ratio (% p.a.)2: 0.8 2014 10.91 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 10.35 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 5.78 ●Cash 2.8%
To provide a return (before fees and taxes) that exceeds
the S&P/ASX 300 A-REIT Accumulation Index over
rolling three-year periods.
Colonial First State Wholesale Property Securities Fund - SXFSPR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.29
2017 -2.69 ●Australian Shares 0.0%
2016 21.01 ●Global Shares 0.0%
2015 15.05 ●Listed Property° 97.4%
Indirect Cost Ratio (% p.a.)2: 0.77 2014 10.78 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 10.00 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 4.28 ●Cash 2.6%
To provide medium-to-long term capital growth and
income to the investor by investing in a portfolio of
Australian listed property securities. The option aims to
outperform the S&P/ASX 200 A-REIT Accumulation
Index over rolling three-year periods before fees and
taxes.
Multi-Manager High Growth Fund* - SXCMHG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 11.73
2017 17.30 ●Australian Shares 39.3%
2016 -1.21 ●Global Shares 37.1%
2015 10.54 ●Listed Property° 9.8%
Indirect Cost Ratio (% p.a.)2: 0.91 2014 18.87 ●Alternatives°° 9.6%
Risk: High 5 years (% p.a.) 11.21 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.03 ●Cash 4.2%
To provide long-term capital growth by investing in
growth assets. To outperform the option's composite
benchmark over rolling three-year periods before fees
and taxes.
167
Colonial First State Wholesale High Growth Fund - SXFSHG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 14.16
2017 12.55 ●Australian Shares 49.3%
2016 3.60 ●Global Shares 45.4%
2015 9.96 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.09 2014 17.38 ●Alternatives°° 0.0%
Risk: High 5 years (% p.a.) 11.43 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.73 ●Cash 5.3%
To provide long-term capital growth. The option aims to
outperform the composite benchmark over rolling three-
year periods before fees and taxes.
FirstChoice Wholesale High Growth (formerly Perpetual Split Growth Option) - SXFIGR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 11.83
2017 16.88 ●Australian Shares 39.3%
2016 -1.17 ●Global Shares 37.1%
2015 10.11 ●Listed Property° 9.8%
Indirect Cost Ratio (% p.a.)2: 0.88 2014 15.12 ●Alternatives°° 9.6%
Risk: High 5 years (% p.a.) 10.37 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.91 ●Cash 4.2%
To provide long-term capital growth by investing in
growth assets. To outperform the option's composite
benchmark over rolling three-year periods before fees
and taxes.
Multi-Manager Growth Fund - SXCMGR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.15
2017 12.62 ●Australian Shares 30.2%
2016 0.45 ●Global Shares 28.6%
2015 9.66 ●Listed Property° 5.4%
Indirect Cost Ratio (% p.a.)2: 0.82 2014 14.77 ●Alternatives°° 12.9%
Risk: High 5 years (% p.a.) 9.22 ●Fixed Interest°°° 16.8%
Minimum Suggested Timeframe: 5 years 10 years (% p.a.) 6.47 ●Cash 6.1%
To provide long-term capital growth with less fluctuations
of returns than ‘high growth’ investment options. To
outperform the option's composite benchmark over rolling
three-year periods before fees and taxes.
Pendal Active Balanced Option - SXRODI
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.24
2017 10.99 ●Australian Shares 38.8%
2016 1.57 ●Global Shares 21.6%
2015 11.26 ●Listed Property° 7.7%
Indirect Cost Ratio (% p.a.)2: 0.81 2014 14.89 ●Alternatives°° 0.0%
Risk: High 5 years (% p.a.) 9.50 ●Fixed Interest°°° 24.7%
Minimum Suggested Timeframe: 5 years 10 years (% p.a.) 6.81 ●Cash 7.2%
The option aims to provide a return (before fees, costs
and taxes) that exceeds the option's composite
benchmark over rolling three-year periods.
168
Colonial First State Wholesale Diversified Fund - SXFSDI
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.06
2017 8.74 ●Australian Shares 32.1%
2016 2.61 ●Global Shares 21.6%
2015 8.33 ●Listed Property° 5.0%
Indirect Cost Ratio (% p.a.)2: 0.98 2014 14.11 ●Alternatives°° 4.8%
Risk: High 5 years (% p.a.) 8.51 ●Fixed Interest°°° 29.1%
Minimum Suggested Timeframe: 5 years 10 years (% p.a.) 6.49 ●Cash 7.4%
To provide long term capital growth. The option aims to
outperform the composite benchmark over rolling three-
year periods before fees and taxes.
Multi-Index Balanced Fund - SXCSGR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.24
2017 12.30 ●Australian Shares 29.3%
2016 1.81 ●Global Shares 28.2%
2015 7.15 ●Listed Property° 6.1%
Indirect Cost Ratio (% p.a.)2: 0.54 2014 14.96 ●Alternatives°° 5.9%
Risk: High 5 years (% p.a.) 8.59 ●Fixed Interest°°° 24.3%
Minimum Suggested Timeframe: 5 years 10 years (% p.a.) 7.40 ●Cash 6.2%
To provide capital growth and income over the long-
term. To outperform the option's composite benchmark
over rolling three-year periods before fees and taxes.
Perpetual Balanced Growth Option - SXPPBA
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.21
2017 9.36 ●Australian Shares 35.1%
2016 -0.11 ●Global Shares 32.8%
2015 6.57 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.1 2014 12.07 ●Alternatives°° 0.0%
Risk: High 5 years (% p.a.) 6.74 ●Fixed Interest°°° 20.1%
Minimum Suggested Timeframe: 5 years 10 years (% p.a.) 5.94 ●Cash 12.0%
To provide long-term capital growth and income through
investment in a diversified portfolio with an emphasis on
Australian and international share investments. The
option aims to outperform its composite benchmark over
rolling three-year periods before fees and taxes.
Multi-Manager Moderate Fund - SXCMMO
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.13
2017 9.73 ●Australian Shares 22.1%
2016 1.42 ●Global Shares 21.0%
2015 8.41 ●Listed Property° 4.4%
Indirect Cost Ratio (% p.a.)2: 0.69 2014 12.33 ●Alternatives°° 10.2%
Risk: High 5 years (% p.a.) 7.74 ●Fixed Interest°°° 25.1%
Minimum Suggested Timeframe: 5 years 10 years (% p.a.) 6.19 ●Cash 17.2%
To provide a balance of income and capital growth over
the medium-to long-term. To outperform the option's
composite benchmark over rolling three-year periods
before fees and taxes.
169
Colonial First State Wholesale Balanced Fund - SXFSBA
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.38
2017 5.94 ●Australian Shares 21.6%
2016 2.37 ●Global Shares 17.0%
2015 6.36 ●Listed Property° 5.1%
Indirect Cost Ratio (% p.a.)2: 0.86 2014 10.97 ●Alternatives°° 0.0%
Risk: Medium to High 5 years (% p.a.) 6.57 ●Fixed Interest°°° 39.4%
Minimum Suggested Timeframe: 5 years 10 years (% p.a.) 4.96 ●Cash 16.9%
To provide long-term capital growth and income. The
option aims to outperform the composite benchmark over
rolling three-year periods before fees and taxes.
Perpetual Diversified Growth Option - SXPPGR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.66
2017 7.60 ●Australian Shares 26.2%
2016 0.09 ●Global Shares 25.1%
2015 5.85 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.03 2014 10.01 ●Alternatives°° 0.0%
Risk: Medium to High 5 years (% p.a.) 5.59 ●Fixed Interest°°° 34.4%
Minimum Suggested Timeframe: 5 years 10 years (% p.a.) 5.52 ●Cash 14.3%
To provide long-term capital growth and regular income
through investment in a diversified portfolio of growth and
income assets. The option aims to outperform its
composite benchmark over rolling three-year periods
before fees and taxes.
Multi-Manager Conservative Fund - SXCMCO
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.20
2017 5.18 ●Australian Shares 10.2%
2016 2.47 ●Global Shares 9.8%
2015 5.68 ●Listed Property° 2.5%
Indirect Cost Ratio (% p.a.)2: 0.6 2014 7.82 ●Alternatives°° 6.4%
Risk: Medium 5 years (% p.a.) 5.06 ●Fixed Interest°°° 30.1%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 5.07 ●Cash 41.0%
To provide relatively stable returns over the medium
term with the potential for some long term capital growth.
To outperform the option’s composite benchmark over
rolling three-year periods before fees and taxes.
Colonial First State Wholesale Conservative Fund - SXFSCS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.26
2017 3.77 ●Australian Shares 15.2%
2016 2.35 ●Global Shares 9.9%
2015 5.59 ●Listed Property° 5.1%
Indirect Cost Ratio (% p.a.)2: 0.74 2014 7.69 ●Alternatives°° 0.0%
Risk: Medium 5 years (% p.a.) 4.92 ●Fixed Interest°°° 40.6%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 4.66 ●Cash 29.2%
To provide long-term capital preservation with an income
focus. The option aims to outperform the composite
benchmark over rolling three-year periods before fees
and taxes.
170
Multi-Index Conservative Fund - SXCSCS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.83
2017 5.70 ●Australian Shares 12.4%
2016 2.76 ●Global Shares 11.6%
2015 4.50 ●Listed Property° 3.1%
Indirect Cost Ratio (% p.a.)2: 0.48 2014 8.20 ●Alternatives°° 3.0%
Risk: Medium 5 years (% p.a.) 4.98 ●Fixed Interest°°° 29.0%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 4.89 ●Cash 40.9%
To provide relatively stable returns over the medium
term with the potential for some long-term capital growth.
To outperform the option's composite benchmark over
rolling three-year periods before fees and taxes.
Perpetual Conservative Growth Option - SXPPCO
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.09
2017 4.75 ●Australian Shares 16.3%
2016 2.11 ●Global Shares 16.5%
2015 3.84 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.98 2014 7.01 ●Alternatives°° 0.0%
Risk: Medium 5 years (% p.a.) 4.15 ●Fixed Interest°°° 50.1%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 4.73 ●Cash 17.1%
To provide moderate growth over the medium-term and
income through investment in a diversified portfolio with
an emphasis on cash and fixed income securities. The
option aims to outperform its composite benchmark over
rolling three-year periods before fees and taxes.
Multi-Manager Fixed Interest Fund - SXCMFI
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.98
2017 0.67 ●Australian Shares 0.0%
2016 6.50 ●Global Shares 0.0%
2015 4.69 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.44 2014 6.23 ●Alternatives°° 0.0%
Risk: Medium to High 5 years (% p.a.) 3.99 ●Fixed Interest°°° 100.0%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 5.46 ●Cash 0.0%
To provide relatively stable returns with low potential for
capital loss by investing in Australian and global fixed
interest securities. To outperform the composite
benchmark of 50% Citigroup World Broad Investment
Grade Index, hedged to Australian dollars and 50%
Bloomberg AusBond Composite 0+ Yr Index over rolling
three-year periods before fees and taxes.
Aberdeen Australian Fixed Income Option (replaces Deutsche Australian Bond Option) - SXACFI
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.37
2017 0.55 ●Australian Shares 0.0%
2016 5.77 ●Global Shares 0.0%
2015 4.43 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.48 2014 5.62 ●Alternatives°° 0.0%
Risk: Medium 5 years (% p.a.) 3.73 ●Fixed Interest°°° 100.0%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 5.11 ●Cash 0.0%
To outperform the Bloomberg AusBond Composite 0+ Yr
Index over rolling three-year periods before fees and
taxes.
171
Return to contents
Multi-Manager Defensive Fund - SXCMLR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.93
2017 2.87 ●Australian Shares 4.9%
2016 3.19 ●Global Shares 4.7%
2015 4.62 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.47 2014 5.96 ●Alternatives°° 0.0%
Risk: Low to Medium 5 years (% p.a.) 3.91 ●Fixed Interest°°° 39.9%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 4.83 ●Cash 50.5%
To provide relatively stable returns with low potential for
capital loss. To outperform the option’s composite
benchmark over rolling three-year periods before fees
and taxes.
Colonial First State Wholesale Institutional Cash Fund - SXCPCA
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.37
2017 1.22 ●Australian Shares 0.0%
2016 1.55 ●Global Shares 0.0%
2015 1.92 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.33 2014 2.06 ●Alternatives°° 0.0%
Risk: Low to Medium 5 years (% p.a.) 1.62 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 2.60 ●Cash 100.0%
To outperform (before tax and fees and assuming
income is reinvested) the returns of Australian money
markets as measured by an index of the Reserve Bank
of Australia Cash Rate.
172
Colonial Select Allocated Pension8
Multi-Manager Global Share Fund - EXCMOE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 16.96
2017 15.69 ●Australian Shares 0.0%
2016 -5.97 ●Global Shares 95.0%
2015 25.60 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.15 2014 22.43 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 14.37 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.28 ●Cash 5.0%
To provide long-term capital growth from a diversified
portfolio of global shares. To outperform the MSCI All
Country World Index over rolling three-year periods
before fees and taxes.
MFS Global Equity Option - EXAMOE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.65
2017 18.25 ●Australian Shares 0.0%
2016 -0.87 ●Global Shares 98.0%
2015 25.76 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.07 2014 19.30 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 14.03 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.61 ●Cash 2.0%
To provide capital appreciation over the longer term by
investing in a diversified portfolio of global shares
(unhedged) and to outperform the MSCI World Index
over rolling five year periods, before fees and taxes.
Pendal Core Global Share Option* - EXROOE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 15.05
2017 16.68 ●Australian Shares 0.0%
2016 -4.87 ●Global Shares 98.9%
2015 25.96 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.23 2014 21.07 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 14.26 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 9.45 ●Cash 1.1%
To provide a portfolio of international investments that
aims to provide a return (before fees and taxes) that
exceeds the MSCI World (ex Australia) Index over
rolling three-year periods.
173
Colonial First State Wholesale Global Resources Fund - EXFSRE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 20.60
2017 5.87 ●Australian Shares 0.0%
2016 -3.42 ●Global Shares 97.2%
2015 -13.82 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.09 2014 28.39 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 6.41 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) -3.01 ●Cash 2.8%
To provide long-term capital growth by predominantly
investing in resource companies from around the world.
The option aims to outperform the Euromoney Global
Mining Accumulation Index (75%) and the MSCI All
Country World Energy Index (25%) over rolling five-
year periods before fees and taxes.
FC Wsale Pension Stewart Investors Worldwide Leaders Fund - EXFSOE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 12.47
2017 10.11 ●Australian Shares 0.0%
2016 9.46 ●Global Shares 85.8%
2015 20.27 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.21 2014 14.80 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 13.36 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.64 ●Cash 14.2%
To provide long-term capital growththat exceeds the
MSCI All Country World Index over rolling five-year
periods before fees and taxes.
Colonial First State Wholesale Index Global Share Fund - EXCTOE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 15.31
2017 15.70 ●Australian Shares 0.0%
2016 -1.21 ●Global Shares 99.2%
2015 25.58 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.43 2014 21.93 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 15.08 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 8.98 ●Cash 0.8%
To closely track the MSCI World (ex Australia) Index
with the aim of generating returns (before tax and fees
and assuming income is reinvested) comparable to the
world sharemarkets as measured by that benchmark
(unhedged) over rolling one-year period.
FirstChoice Wholesale Asian Share Fund (formerly Schroder Asia Pacific fund) - EXSAOE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 11.57
2017 26.75 ●Australian Shares 0.0%
2016 -5.96 ●Global Shares 97.6%
2015 26.63 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.15 2014 18.10 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 14.74 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 10.44 ●Cash 2.4%
To provide long-term capital growth from a diversified
portfolio of predominantly Asian companies. To
outperform the MSCI All Country Asia (ex Japan) Index
over rolling three-year periods before fees and taxes.
174
Multi-Manager Australian Share Fund - EXCMDE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 14.43
2017 22.80 ●Australian Shares 97.4%
2016 -2.60 ●Global Shares 0.0%
2015 5.70 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.9 2014 19.31 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 11.53 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 8.38 ●Cash 2.6%
To provide long-term capital growth and some tax-
effective income from a diversified portfolio of
predominantly Australian companies. To outperform the
S&P/ASX 300 Accumulation Index over rolling three-
year periods before fees and taxes.
Ausbil Australian Active Equity Option - EXCSDE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 16.64
2017 19.69 ●Australian Shares 98.8%
2016 1.33 ●Global Shares 0.0%
2015 3.92 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.71 2014 23.48 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 12.67 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 8.72 ●Cash 1.2%
To provide long-term growth with moderate tax-effective
income. The option aims to outperform the S&P/ASX 300
Accumulation Index over rolling three-year periods
before fees and taxes.
Pendal Australian Share Option - EXRODE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 14.31
2017 21.29 ●Australian Shares 98.6%
2016 -0.62 ●Global Shares 0.0%
2015 7.88 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.08 2014 21.76 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 12.60 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 8.08 ●Cash 1.4%
The option aims to provide a return (before fees, costs
and taxes) that exceeds the S&P/ASX 300 Accumulation
Index over rolling three-year periods.
Colonial First State Wholesale Australian Share Fund - Core - EXCPAS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 13.21
2017 18.07 ●Australian Shares 96.1%
2016 0.47 ●Global Shares 0.0%
2015 7.12 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.72 2014 17.89 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 11.14 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 8.47 ●Cash 3.9%
To provide long-term capital growth with some income by
investing predominantly in a broad selection of Australian
companies. The option aims to outperform the S&P/ASX
200 Accumulation Index over rolling three-year periods
before fees and taxes.
175
Colonial First State Wholesale Geared Share Fund - EXFSGS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 31.62
2017 36.36 ●Australian Shares 92.7%
2016 -3.46 ●Global Shares 0.0%
2015 13.39 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.2 2014 37.50 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 21.99 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 10.59 ●Cash 7.3%
To magnify long-term returns from capital growth by
borrowing to invest in large Australian companies. The
option aims to outperform the S&P/ASX 100 Accumulation
Index over rolling seven-year periods before fees and
taxes.
Colonial First State Wholesale Imputation Fund - EXFSDE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 20.97
2017 12.39 ●Australian Shares 98.2%
2016 0.17 ●Global Shares 0.0%
2015 6.08 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.19 2014 18.92 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 11.43 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 8.84 ●Cash 1.8%
To provide long-term capital growth with some tax-
effective income by investing in a broad selection of
Australian companies. The option aims to outperform the
S&P/ASX 200 Accumlation Index over rolling three-year
periods before fees and taxes.
Colonial First State Wholesale Index Australian Share Fund - EXCTDE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 13.09
2017 19.42 ●Australian Shares 99.9%
2016 0.55 ●Global Shares 0.0%
2015 5.13 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.28 2014 19.82 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 11.33 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.91 ●Cash 0.1%
To closely track the S&P/ASX 200 Accumulation Index
with the aim of generating returns (before tax and fees
and assuming income is reinvested) comparable to the
Australian sharemarket as measured by that benchmark
over rolling one-year periods.
Colonial First State Wholesale Small Companies Fund - Core - EXCPSC
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 22.51
2017 13.75 ●Australian Shares 97.4%
2016 14.16 ●Global Shares 0.0%
2015 14.56 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.83 2014 27.67 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 18.40 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 11.55 ●Cash 2.6%
To provide long-term capital growth by investing
predominantly in small Australian companies. The option
aims to outperform the S&P/ASX Small Ordinaries
Accumulation Index over rolling three-year periods
before fees,
176
Maple-Brown Abbott Imputation Option* - EXMBIM
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 11.37
2017 24.81 ●Australian Shares 94.0%
2016 -8.70 ●Global Shares 0.0%
2015 6.16 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.1 2014 19.34 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 9.96 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 8.16 ●Cash 6.0%
To outperform the S&P/ASX 200 Accumulation Index
before fees and taxes over rolling four-year periods.
Perpetual Industrial Share Option* - EXPPIS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.66
2017 18.42 ●Australian Shares 95.1%
2016 -1.61 ●Global Shares 0.0%
2015 7.61 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.08 2014 20.55 ●Alternatives°° 0.0%
Risk: High 5 years (% p.a.) 10.02 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 10.41 ●Cash 4.9%
To provide long-term capital growth and regular income
predominantly through investment in quality Australian
Industrial shares. The option aims to outperform the
S&P/ASX 300 Industrials Accumulation Index over rolling
three-year periods before fees and taxes.
Schroder Australian Equity Option - EXSADE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 13.32
2017 25.96 ●Australian Shares 98.9%
2016 -5.90 ●Global Shares 0.0%
2015 3.10 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.76 2014 18.26 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 10.37 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 9.43 ●Cash 1.1%
To outperform the S&P/ASX 200 Accumulation Index
over rolling three-year periods before fees and taxes, by
investing in a broad range of companies from Australia
and New Zealand.
Multi-Manager Property Securities Fund - EXCMPS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.63
2017 0.01 ●Australian Shares 0.0%
2016 23.30 ●Global Shares 0.0%
2015 17.94 ●Listed Property° 95.1%
Indirect Cost Ratio (% p.a.)2: 0.65 2014 14.65 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 12.82 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 6.49 ●Cash 4.9%
To provide capital growth and income from a diversified
portfolio of listed property investments. To outperform the
S&P/ASX 300 A-REIT Accumulation Index over rolling
three-year periods before fees and taxes.
177
Pendal Property Investment Option - EXROPR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.56
2017 -2.19 ●Australian Shares 0.0%
2016 22.85 ●Global Shares 0.0%
2015 17.32 ●Listed Property° 97.2%
Indirect Cost Ratio (% p.a.)2: 0.97 2014 12.67 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 11.51 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 6.62 ●Cash 2.8%
To provide a return (before fees and taxes) that exceeds
the S&P/ASX 300 A-REIT Accumulation Index over
rolling three-year periods.
Colonial First State Wholesale Property Securities Fund - EXFSPR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.15
2017 -3.13 ●Australian Shares 0.0%
2016 23.33 ●Global Shares 0.0%
2015 18.15 ●Listed Property° 97.4%
Indirect Cost Ratio (% p.a.)2: 0.91 2014 12.70 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 11.46 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 4.83 ●Cash 2.6%
To provide medium-to-long term capital growth and
income to the investor by investing in a portfolio of
Australian listed property securities. The option aims to
outperform the S&P/ASX 200 A-REIT Accumulation
Index over rolling three-year periods before fees and
taxes.
Multi-Manager High Growth Fund* - EXCMHG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 12.35
2017 18.72 ●Australian Shares 39.3%
2016 -1.55 ●Global Shares 37.1%
2015 11.46 ●Listed Property° 9.8%
Indirect Cost Ratio (% p.a.)2: 1.02 2014 20.83 ●Alternatives°° 9.6%
Risk: High 5 years (% p.a.) 12.08 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.78 ●Cash 4.2%
To provide long-term capital growth by investing in
growth assets. To outperform the option's composite
benchmark over rolling three-year periods before fees
and taxes.
Colonial First State Wholesale High Growth Fund - EXFSHG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 15.28
2017 13.36 ●Australian Shares 49.3%
2016 3.81 ●Global Shares 45.4%
2015 10.91 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.06 2014 19.28 ●Alternatives°° 0.0%
Risk: High 5 years (% p.a.) 12.41 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.22 ●Cash 5.3%
To provide long-term capital growth. The option aims to
outperform the composite benchmark over rolling three-
year periods before fees and taxes.
178
FirstChoice Wholesale High Growth (formerly Perpetual Split Growth Option) - EXFIGR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 12.35
2017 18.68 ●Australian Shares 39.3%
2016 -1.19 ●Global Shares 37.1%
2015 11.47 ●Listed Property° 9.8%
Indirect Cost Ratio (% p.a.)2: 0.99 2014 16.78 ●Alternatives°° 9.6%
Risk: High 5 years (% p.a.) 11.40 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 8.73 ●Cash 4.2%
To provide long-term capital growth by investing in
growth assets. To outperform the option's composite
benchmark over rolling three-year periods before fees
and taxes.
Multi-Manager Growth Fund - EXCMGR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.89
2017 13.94 ●Australian Shares 30.2%
2016 0.53 ●Global Shares 28.6%
2015 10.65 ●Listed Property° 5.4%
Indirect Cost Ratio (% p.a.)2: 0.94 2014 16.48 ●Alternatives°° 12.9%
Risk: High 5 years (% p.a.) 10.16 ●Fixed Interest°°° 16.8%
Minimum Suggested Timeframe: 5 years 10 years (% p.a.) 7.23 ●Cash 6.1%
To provide long-term capital growth with less fluctuations
of returns than ‘high growth’ investment options. To
outperform the option's composite benchmark over rolling
three-year periods before fees and taxes.
Pendal Active Balanced Option - EXRODI
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 10.16
2017 11.91 ●Australian Shares 38.8%
2016 1.60 ●Global Shares 21.6%
2015 12.27 ●Listed Property° 7.7%
Indirect Cost Ratio (% p.a.)2: 0.99 2014 16.27 ●Alternatives°° 0.0%
Risk: High 5 years (% p.a.) 10.33 ●Fixed Interest°°° 24.7%
Minimum Suggested Timeframe: 5 years 10 years (% p.a.) 7.51 ●Cash 7.2%
The option aims to provide a return (before fees, costs
and taxes) that exceeds the option's composite
benchmark over rolling three-year periods.
Colonial First State Wholesale Diversified Fund - EXFSDI
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.82
2017 9.50 ●Australian Shares 32.1%
2016 2.88 ●Global Shares 21.6%
2015 9.18 ●Listed Property° 5.0%
Indirect Cost Ratio (% p.a.)2: 1.03 2014 15.66 ●Alternatives°° 4.8%
Risk: High 5 years (% p.a.) 9.33 ●Fixed Interest°°° 29.1%
Minimum Suggested Timeframe: 5 years 10 years (% p.a.) 7.20 ●Cash 7.4%
To provide long term capital growth. The option aims to
outperform the composite benchmark over rolling three-
year periods before fees and taxes.
179
Multi-Index Balanced Fund - EXCSGR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.88
2017 13.45 ●Australian Shares 29.3%
2016 2.01 ●Global Shares 28.2%
2015 7.92 ●Listed Property° 6.1%
Indirect Cost Ratio (% p.a.)2: 0.62 2014 16.41 ●Alternatives°° 5.9%
Risk: High 5 years (% p.a.) 9.42 ●Fixed Interest°°° 24.3%
Minimum Suggested Timeframe: 5 years 10 years (% p.a.) 8.26 ●Cash 6.2%
To provide capital growth and income over the long-
term. To outperform the option's composite benchmark
over rolling three-year periods before fees and taxes.
Perpetual Balanced Growth Option - EXPPBA
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.92
2017 10.32 ●Australian Shares 35.1%
2016 -0.05 ●Global Shares 32.8%
2015 7.26 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.18 2014 13.52 ●Alternatives°° 0.0%
Risk: High 5 years (% p.a.) 7.50 ●Fixed Interest°°° 20.1%
Minimum Suggested Timeframe: 5 years 10 years (% p.a.) 6.71 ●Cash 12.0%
To provide long-term capital growth and income through
investment in a diversified portfolio with an emphasis on
Australian and international share investments. The
option aims to outperform its composite benchmark over
rolling three-year periods before fees and taxes.
Multi-Manager Moderate Fund - EXCMMO
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.83
2017 10.71 ●Australian Shares 22.1%
2016 1.64 ●Global Shares 21.0%
2015 9.41 ●Listed Property° 4.4%
Indirect Cost Ratio (% p.a.)2: 0.8 2014 13.73 ●Alternatives°° 10.2%
Risk: High 5 years (% p.a.) 8.59 ●Fixed Interest°°° 25.1%
Minimum Suggested Timeframe: 5 years 10 years (% p.a.) 6.98 ●Cash 17.2%
To provide a balance of income and capital growth over
the medium-to long-term. To outperform the option's
composite benchmark over rolling three-year periods
before fees and taxes.
Colonial First State Wholesale Balanced Fund - EXFSBA
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.09
2017 6.52 ●Australian Shares 21.6%
2016 2.78 ●Global Shares 17.0%
2015 7.11 ●Listed Property° 5.1%
Indirect Cost Ratio (% p.a.)2: 0.97 2014 12.77 ●Alternatives°° 0.0%
Risk: Medium to High 5 years (% p.a.) 7.41 ●Fixed Interest°°° 39.4%
Minimum Suggested Timeframe: 5 years 10 years (% p.a.) 5.70 ●Cash 16.9%
To provide long-term capital growth and income. The
option aims to outperform the composite benchmark over
rolling three-year periods before fees and taxes.
180
Perpetual Diversified Growth Option - EXPPGR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.61
2017 8.30 ●Australian Shares 26.2%
2016 0.20 ●Global Shares 25.1%
2015 6.52 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.06 2014 11.16 ●Alternatives°° 0.0%
Risk: Medium to High 5 years (% p.a.) 6.10 ●Fixed Interest°°° 34.4%
Minimum Suggested Timeframe: 5 years 10 years (% p.a.) 6.17 ●Cash 14.3%
To provide long-term capital growth and regular income
through investment in a diversified portfolio of growth and
income assets. The option aims to outperform its
composite benchmark over rolling three-year periods
before fees and taxes.
Multi-Manager Conservative Fund - EXCMCO
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.72
2017 5.81 ●Australian Shares 10.2%
2016 2.82 ●Global Shares 9.8%
2015 6.33 ●Listed Property° 2.5%
Indirect Cost Ratio (% p.a.)2: 0.69 2014 8.80 ●Alternatives°° 6.4%
Risk: Medium 5 years (% p.a.) 5.68 ●Fixed Interest°°° 30.1%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 5.81 ●Cash 41.0%
To provide relatively stable returns over the medium
term with the potential for some long term capital growth.
To outperform the option’s composite benchmark over
rolling three-year periods before fees and taxes.
Colonial First State Wholesale Conservative Fund - EXFSCS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.85
2017 4.29 ●Australian Shares 15.2%
2016 2.71 ●Global Shares 9.9%
2015 6.32 ●Listed Property° 5.1%
Indirect Cost Ratio (% p.a.)2: 0.85 2014 8.81 ●Alternatives°° 0.0%
Risk: Medium 5 years (% p.a.) 5.58 ●Fixed Interest°°° 40.6%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 5.35 ●Cash 29.2%
To provide long-term capital preservation with an income
focus. The option aims to outperform the composite
benchmark over rolling three-year periods before fees
and taxes.
Multi-Index Conservative Fund - EXCSCS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.30
2017 6.44 ●Australian Shares 12.4%
2016 3.22 ●Global Shares 11.6%
2015 5.34 ●Listed Property° 3.1%
Indirect Cost Ratio (% p.a.)2: 0.54 2014 9.20 ●Alternatives°° 3.0%
Risk: Medium 5 years (% p.a.) 5.68 ●Fixed Interest°°° 29.0%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 5.68 ●Cash 40.9%
To provide relatively stable returns over the medium
term with the potential for some long-term capital growth.
To outperform the option's composite benchmark over
rolling three-year periods before fees and taxes.
181
Perpetual Conservative Growth Option - EXPPCO
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.55
2017 5.32 ●Australian Shares 16.3%
2016 2.45 ●Global Shares 16.5%
2015 4.33 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.01 2014 7.97 ●Alternatives°° 0.0%
Risk: Medium 5 years (% p.a.) 4.71 ●Fixed Interest°°° 50.1%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 5.46 ●Cash 17.1%
To provide moderate growth over the medium-term and
income through investment in a diversified portfolio with
an emphasis on cash and fixed income securities. The
option aims to outperform its composite benchmark over
rolling three-year periods before fees and taxes.
Multi-Manager Fixed Interest Fund - EXCMFI
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.41
2017 0.97 ●Australian Shares 0.0%
2016 7.43 ●Global Shares 0.0%
2015 5.51 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.55 2014 7.06 ●Alternatives°° 0.0%
Risk: Medium to High 5 years (% p.a.) 4.65 ●Fixed Interest°°° 100.0%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 6.35 ●Cash 0.0%
To provide relatively stable returns with low potential for
capital loss by investing in Australian and global fixed
interest securities. To outperform the composite
benchmark of 50% Citigroup World Broad Investment
Grade Index, hedged to Australian dollars and 50%
Bloomberg AusBond Composite 0+ Yr Index over rolling
three-year periods before fees and taxes.
Aberdeen Australian Fixed Income Option (replaces Deutsche Australian Bond Option) - EXACFI
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.78
2017 0.69 ●Australian Shares 0.0%
2016 6.75 ●Global Shares 0.0%
2015 5.08 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.56 2014 6.40 ●Alternatives°° 0.0%
Risk: Medium 5 years (% p.a.) 4.32 ●Fixed Interest°°° 100.0%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 5.94 ●Cash 0.0%
To outperform the Bloomberg AusBond Composite 0+ Yr
Index over rolling three-year periods before fees and
taxes.
Multi-Manager Defensive Fund - EXCMLR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 3.42
2017 3.42 ●Australian Shares 4.9%
2016 3.66 ●Global Shares 4.7%
2015 5.34 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.54 2014 6.52 ●Alternatives°° 0.0%
Risk: Low to Medium 5 years (% p.a.) 4.46 ●Fixed Interest°°° 39.9%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 5.61 ●Cash 50.5%
To provide relatively stable returns with low potential for
capital loss. To outperform the option’s composite
benchmark over rolling three-year periods before fees
and taxes.
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Colonial First State Wholesale Institutional Cash Fund - EXCPCA
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.64
2017 1.48 ●Australian Shares 0.0%
2016 1.83 ●Global Shares 0.0%
2015 2.29 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.39 2014 2.43 ●Alternatives°° 0.0%
Risk: Low to Medium 5 years (% p.a.) 1.93 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 3.09 ●Cash 100.0%
To outperform (before tax and fees and assuming
income is reinvested) the returns of Australian money
markets as measured by an index of the Reserve Bank
of Australia Cash Rate.
183
Colonial Select Allocated Pension – Closed options
Colonial Australian Equities Fund - EPAEQU
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 13.10
2017 18.30 ●Australian Shares 99.2%
2016 0.70 ●Global Shares 0.0%
2015 6.09 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.73 2014 18.11 ●Alternatives°° 0.0%
Risk: Very high 5 years (% p.a.) 11.04 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.57 ●Cash 0.8%
To provide long term capital growth through investment
in Australian listed company shares. This option may
have a high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Colonial Australian Fixed Interest Fund - EPAFIX
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.55
2017 1.52 ●Australian Shares 0.0%
2016 6.11 ●Global Shares 0.0%
2015 4.71 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.62 2014 7.49 ●Alternatives°° 0.0%
Risk: Medium 5 years (% p.a.) 4.25 ●Fixed Interest°°° 97.1%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 6.29 ●Cash 2.9%
To provide relatively stable returns by investing in
Australian and global fixed interest securities. To
outperform the option’s composite benchmark over a
rolling three-year period before fees and taxes.
Colonial Balanced Fund - EDISCR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.58
2017 11.92 ●Australian Shares 29.4%
2016 2.97 ●Global Shares 28.6%
2015 10.76 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.85 2014 15.28 ●Alternatives°° 18.9%
Risk: High 5 years (% p.a.) 10.03 ●Fixed Interest°°° 8.7%
Minimum Suggested Timeframe: 6 years 10 years (% p.a.) 7.75 ●Cash 14.4%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Colonial Capital Guaranteed Fund (participating) - ECPGTD
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.50
2017 6.49 ●Australian Shares 0.0%
2016 7.22 ●Global Shares 11.8%
2015 7.65 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 3.35 2014 7.43 ●Alternatives°° 9.9%
Risk: Very low 5 years (% p.a.) 7.26 ●Fixed Interest°°° 75.8%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 6.82 ●Cash 2.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
184
Colonial Capital Guaranteed Fund (Ex-CMF) (non-participating) - ECOKAU
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.43
2017 2.56 ●Australian Shares 0.0%
2016 4.08 ●Global Shares 12.6%
2015 4.85 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.67 2014 5.12 ●Alternatives°° 9.7%
Risk: Very low 5 years (% p.a.) 3.80 ●Fixed Interest°°° 29.8%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 3.75 ●Cash 47.9%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Colonial Capital Safe Fund - ECAPSF
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.69
2017 5.61 ●Australian Shares 10.8%
2016 4.34 ●Global Shares 11.1%
2015 6.82 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.8 2014 8.78 ●Alternatives°° 15.2%
Risk: Low to Medium 5 years (% p.a.) 6.04 ●Fixed Interest°°° 34.4%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 5.97 ●Cash 28.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Colonial Cash Fund - EPACAS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.27
2017 2.26 ●Australian Shares 0.0%
2016 2.45 ●Global Shares 0.0%
2015 2.79 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.26 2014 2.78 ●Alternatives°° 0.0%
Risk: Very Low 5 years (% p.a.) 2.51 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 0 years 10 years (% p.a.) 3.65 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Colonial First State Wholesale Australian Share Fund - EXFSAS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 23.36
2017 9.35 ●Australian Shares 97.6%
2016 3.01 ●Global Shares 0.0%
2015 7.64 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.15 2014 20.67 ●Alternatives°° 0.0%
Risk: High 5 years (% p.a.) 12.53 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 9.23 ●Cash 2.4%
To provide long-term capital growth with some income by
investing in a broad selection of Australian companies.
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Colonial First State Wholesale Global Health & Biotechnology Fund - EXFSHB
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.60
2017 17.16 ●Australian Shares 0.0%
2016 -4.03 ●Global Shares 95.4%
2015 57.51 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.33 2014 34.78 ●Alternatives°° 0.0%
Risk: High 5 years (% p.a.) 20.99 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 16.17 ●Cash 4.6%
To provide long-term capital growth by predominantly
investing in companies around the world, whose primary
business is in the field of pharmaceutical, biotechnology,
medical devices, or medical services.
Colonial First State Wholesale Global Technology & Communications Fund - EXFSTC
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.00
2017 0.00 ●Australian Shares 0.0%
2016 -3.48 ●Global Shares 96.6%
2015 32.79 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0 2014 33.68 ●Alternatives°° 0.0%
Risk: High 5 years (% p.a.) 11.37 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 9.08 ●Cash 3.4%
To provide long-term capital growth by predominantly
investing in companies around the world, whose primary
business is in the field of technology and/or
communications.
Colonial Growth Fund - EGRWTH
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 11.28
2017 14.33 ●Australian Shares 35.3%
2016 2.29 ●Global Shares 34.2%
2015 11.37 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.88 2014 16.81 ●Alternatives°° 20.8%
Risk: High 5 years (% p.a.) 11.10 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.95 ●Cash 9.7%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Colonial International Equities Fund - EPIEQU
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 15.95
2017 19.95 ●Australian Shares 0.0%
2016 -1.56 ●Global Shares 99.3%
2015 16.58 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.73 2014 20.27 ●Alternatives°° 0.0%
Risk: Very high 5 years (% p.a.) 13.93 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 9.75 ●Cash 0.7%
To provide long-term capital growth through investment
in global listed company shares. This option may have a
high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
186
Colonial Select Personal Super – Closed options
Colonial Australian Equities Fund - SPAEQU
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 11.66
2017 16.06 ●Australian Shares 99.2%
2016 0.41 ●Global Shares 0.0%
2015 5.17 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.73 2014 16.48 ●Alternatives°° 0.0%
Risk: Very high 5 years (% p.a.) 9.78 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 6.84 ●Cash 0.8%
To provide long term capital growth through investment
in Australian listed company shares. This option may
have a high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
Colonial Australian Fixed Interest Fund - SPAFIX
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 0.98
2017 1.23 ●Australian Shares 0.0%
2016 5.25 ●Global Shares 0.0%
2015 3.96 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.61 2014 6.17 ●Alternatives°° 0.0%
Risk: Medium 5 years (% p.a.) 3.50 ●Fixed Interest°°° 99.4%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 5.09 ●Cash 0.6%
To provide relatively stable returns by investing in
Australian and global fixed interest securities. To
outperform the option’s composite benchmark over a
rolling three-year period before fees and taxes.
Colonial Balanced Fund - SDISCR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.76
2017 10.59 ●Australian Shares 29.3%
2016 2.51 ●Global Shares 28.6%
2015 9.26 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.83 2014 13.37 ●Alternatives°° 18.2%
Risk: High 5 years (% p.a.) 8.84 ●Fixed Interest°°° 8.3%
Minimum Suggested Timeframe: 6 years 10 years (% p.a.) 6.86 ●Cash 15.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Colonial Capital Guaranteed Fund (participating) - SCPGTD
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 5.19
2017 4.98 ●Australian Shares 0.0%
2016 5.62 ●Global Shares 11.4%
2015 5.98 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 2.84 2014 5.98 ●Alternatives°° 9.7%
Risk: Very low 5 years (% p.a.) 5.55 ●Fixed Interest°°° 31.4%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 5.82 ●Cash 47.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
187
Colonial Capital Guaranteed Fund (Ex-CMF) (non-participating) - SCOKAT
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.22
2017 2.79 ●Australian Shares 0.0%
2016 4.36 ●Global Shares 12.8%
2015 5.41 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.66 2014 5.54 ●Alternatives°° 9.3%
Risk: Very low 5 years (% p.a.) 4.05 ●Fixed Interest°°° 29.7%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 3.90 ●Cash 48.2%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Colonial Capital Guaranteed Fund (Ex-MasterPac) (non-participating) - SCOLFG
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.14
2017 2.29 ●Australian Shares 0.0%
2016 3.85 ●Global Shares 12.8%
2015 4.91 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.66 2014 5.04 ●Alternatives°° 9.3%
Risk: Very low 5 years (% p.a.) 3.64 ●Fixed Interest°°° 29.7%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 3.44 ●Cash 48.2%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Colonial Capital Safe Fund - SCAPSF
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.00
2017 4.73 ●Australian Shares 11.3%
2016 3.44 ●Global Shares 10.7%
2015 5.77 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.79 2014 7.52 ●Alternatives°° 13.5%
Risk: Low to Medium 5 years (% p.a.) 5.08 ●Fixed Interest°°° 35.0%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 5.00 ●Cash 29.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
188
Colonial Cash Fund - SPACAS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.94
2017 1.97 ●Australian Shares 0.0%
2016 2.16 ●Global Shares 0.0%
2015 2.41 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.21 2014 2.33 ●Alternatives°° 0.0%
Risk: Very Low 5 years (% p.a.) 2.16 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 0 years 10 years (% p.a.) 3.10 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Colonial Consensus Managed Fund - SXCCNM
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.03
2017 10.71 ●Australian Shares 28.9%
2016 2.62 ●Global Shares 28.5%
2015 9.34 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.61 2014 13.64 ●Alternatives°° 17.8%
Risk: High 5 years (% p.a.) 9.01 ●Fixed Interest°°° 8.2%
Minimum Suggested Timeframe: 6 years 10 years (% p.a.) 7.16 ●Cash 16.6%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Colonial Consensus Stable Fund - SXCCMS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.17
2017 4.88 ●Australian Shares 10.8%
2016 3.54 ●Global Shares 10.7%
2015 5.89 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.56 2014 7.73 ●Alternatives°° 13.0%
Risk: Low to Medium 5 years (% p.a.) 5.23 ●Fixed Interest°°° 34.9%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 5.23 ●Cash 30.6%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
Colonial First State Wholesale Australian Share Fund - SXFSDE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 20.74
2017 8.22 ●Australian Shares 97.6%
2016 2.69 ●Global Shares 0.0%
2015 6.44 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.94 2014 18.08 ●Alternatives°° 0.0%
Risk: High 5 years (% p.a.) 11.02 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 8.01 ●Cash 2.4%
To provide long-term capital growth with some income by
investing in a broad selection of Australian companies.
189
Colonial First State Wholesale Global Health & Biotechnology Fund - SXFSHB
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.76
2017 16.66 ●Australian Shares 0.0%
2016 -4.14 ●Global Shares 95.4%
2015 55.03 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.09 2014 32.89 ●Alternatives°° 0.0%
Risk: High 5 years (% p.a.) 19.94 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 15.20 ●Cash 4.6%
To provide long-term capital growth by predominantly
investing in companies around the world, whose primary
business is in the field of pharmaceutical, biotechnology,
medical devices, or medical services.
Colonial First State Wholesale Global Technology & Communications Fund - SXFSTC
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 19.23
2017 26.99 ●Australian Shares 0.0%
2016 4.30 ●Global Shares 96.6%
2015 30.58 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.21 2014 31.70 ●Alternatives°° 0.0%
Risk: High 5 years (% p.a.) 22.12 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 13.96 ●Cash 3.4%
To provide long-term capital growth by predominantly
investing in companies around the world, whose primary
business is in the field of technology and/or
communications.
Colonial Growth Fund - SGRWTH
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 10.28
2017 12.75 ●Australian Shares 35.0%
2016 1.87 ●Global Shares 34.5%
2015 9.96 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.85 2014 14.76 ●Alternatives°° 19.9%
Risk: High 5 years (% p.a.) 9.83 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.10 ●Cash 10.6%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Colonial International Equities Fund - SPIEQU
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 15.21
2017 17.98 ●Australian Shares 0.0%
2016 -1.49 ●Global Shares 99.3%
2015 14.48 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.73 2014 18.60 ●Alternatives°° 0.0%
Risk: Very high 5 years (% p.a.) 12.70 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 8.64 ●Cash 0.7%
To provide long-term capital growth through investment
in global listed company shares. This option may have a
high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
190
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Colonial Property Fund - SXCPRO
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 6.75
2017 2.72 ●Australian Shares 0.0%
2016 10.11 ●Global Shares 0.0%
2015 11.34 ●Listed Property° 100.2%
Indirect Cost Ratio (% p.a.)2: 0.88 2014 11.25 ●Alternatives°° 0.0%
Risk: Very high 5 years (% p.a.) 8.38 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 5.05 ●Cash -0.2%
To provide long-term capital growth and income from a
diversified portfolio of global listed property investments.
To outperform the option’s benchmark over a rolling
seven-year period before fees and taxes.
191
Colonial Flexible Income Retirement Plan
Pendal Active Balanced Option - FEXRODI
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 10.16
2017 11.91 ●Australian Shares 38.8%
2016 1.60 ●Global Shares 21.6%
2015 12.27 ●Listed Property° 7.7%
Indirect Cost Ratio (% p.a.)2: 0.99 2014 16.27 ●Alternatives°° 0.0%
Risk: High 5 years (% p.a.) 10.33 ●Fixed Interest°°° 24.7%
Minimum Suggested Timeframe: 5 years 10 years (% p.a.) 7.51 ●Cash 7.2%
The option aims to provide a return (before fees, costs
and taxes) that exceeds the option's composite
benchmark over rolling three-year periods.
Pendal Core Australian Share Option - FEXRODE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 14.31
2017 21.29 ●Australian Shares 98.6%
2016 -0.62 ●Global Shares 0.0%
2015 7.88 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.08 2014 21.76 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 12.60 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 8.08 ●Cash 1.4%
The option aims to provide a return (before fees, costs
and taxes) that exceeds the S&P/ASX 300 Accumulation
Index over rolling three-year periods.
Pendal Property Investment Option - FEXROPR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 8.56
2017 -2.19 ●Australian Shares 0.0%
2016 22.85 ●Global Shares 0.0%
2015 17.32 ●Listed Property° 97.2%
Indirect Cost Ratio (% p.a.)2: 0.97 2014 12.67 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 11.51 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 6.62 ●Cash 2.8%
To provide a return (before fees and taxes) that exceeds
the S&P/ASX 300 A-REIT Accumulation Index over
rolling three-year periods.
Colonial Australian Equities Fund - FEPAEQU
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 13.10
2017 18.30 ●Australian Shares 99.2%
2016 0.70 ●Global Shares 0.0%
2015 6.09 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.73 2014 18.11 ●Alternatives°° 0.0%
Risk: Very high 5 years (% p.a.) 11.04 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.57 ●Cash 0.8%
To provide long term capital growth through investment
in Australian listed company shares. This option may
have a high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
192
Colonial Australian Fixed Interest Fund - FEPAFIX
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 1.55
2017 1.52 ●Australian Shares 0.0%
2016 6.11 ●Global Shares 0.0%
2015 4.71 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.62 2014 7.49 ●Alternatives°° 0.0%
Risk: Medium 5 years (% p.a.) 4.25 ●Fixed Interest°°° 97.1%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 6.29 ●Cash 2.9%
To provide relatively stable returns by investing in
Australian and global fixed interest securities. To
outperform the option’s composite benchmark over a
rolling three-year period before fees and taxes.
Colonial Balanced Fund - FEDISCR
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 9.58
2017 11.92 ●Australian Shares 29.4%
2016 2.97 ●Global Shares 28.6%
2015 10.76 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.85 2014 15.28 ●Alternatives°° 18.9%
Risk: High 5 years (% p.a.) 10.03 ●Fixed Interest°°° 8.7%
Minimum Suggested Timeframe: 6 years 10 years (% p.a.) 7.75 ●Cash 14.4%
To invest in a diversified portfolio of assets expected to
generate a mix of long-term capital growth and income,
but which may be volatile in the short-to-medium term. To
achieve a return of Consumer Price Index (CPI) plus
3.5% p.a. over a rolling six-year period before fees and
taxes.
Colonial Capital Guaranteed Fund (participating) - FECPGTD
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 7.50
2017 6.49 ●Australian Shares 0.0%
2016 7.22 ●Global Shares 11.8%
2015 7.65 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 3.35 2014 7.43 ●Alternatives°° 9.9%
Risk: Very low 5 years (% p.a.) 7.26 ●Fixed Interest°°° 75.8%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 6.82 ●Cash 2.5%
To meet policy holder reasonable expectations by:
Investing to maintain long term stable returns (before tax)
in excess of inflation; Managing short term risks to
support delivery of stable bonus/crediting rates from
period to period, consistent with the objectives of the
Bonus Philosophy Policy; and maintain security of capital.
Colonial Capital Safe Fund - FECAPSF
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 4.69
2017 5.61 ●Australian Shares 10.8%
2016 4.34 ●Global Shares 11.1%
2015 6.82 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.8 2014 8.78 ●Alternatives°° 15.2%
Risk: Low to Medium 5 years (% p.a.) 6.04 ●Fixed Interest°°° 34.4%
Minimum Suggested Timeframe: 3 years 10 years (% p.a.) 5.97 ●Cash 28.5%
To invest in a diversified portfolio of assets expected to
generate a mix of income and long-term captial growth
with an emphasis on stable returns and a reasonably
high level of security. To achieve a return of Consumer
Price Index (CPI) plus 2.5% p.a. over a rolling three-
year period before fees and taxes.
193
Colonial Cash Fund - FEPACAS
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 2.27
2017 2.26 ●Australian Shares 0.0%
2016 2.45 ●Global Shares 0.0%
2015 2.79 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.26 2014 2.78 ●Alternatives°° 0.0%
Risk: Very Low 5 years (% p.a.) 2.51 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 0 years 10 years (% p.a.) 3.65 ●Cash 100.0%
To provide the highest level of security with income from
investments in money market securities. The option aims
to outperform the returns of the Australian Money
Markets as measured by the Bloomberg AusBond Bank
Bill Index before fees and taxes.
Colonial First State Wholesale Imputation Fund - FEXFSDE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 20.97
2017 12.39 ●Australian Shares 98.2%
2016 0.17 ●Global Shares 0.0%
2015 6.08 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.19 2014 18.92 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 11.43 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 8.84 ●Cash 1.8%
To provide long-term capital growth with some tax-
effective income by investing in a broad selection of
Australian companies. The option aims to outperform the
S&P/ASX 200 Accumlation Index over rolling three-year
periods before fees and taxes.
Colonial Growth Fund - FEGRWTH
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 11.28
2017 14.33 ●Australian Shares 35.3%
2016 2.29 ●Global Shares 34.2%
2015 11.37 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.88 2014 16.81 ●Alternatives°° 20.8%
Risk: High 5 years (% p.a.) 11.10 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 7.95 ●Cash 9.7%
To invest in a diversified portfolio of predominately
growth assets expected to generate a mix of long-term
capital growth and income but which may be quite volatile
in the short to medium term. To achieve a return of
Consumer Price Index (CPI) plus 4.0% p.a. over a
rolling seven-year period before fees and taxes.
Colonial International Equities Fund - FEPIEQU
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 15.95
2017 19.95 ●Australian Shares 0.0%
2016 -1.56 ●Global Shares 99.3%
2015 16.58 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 0.73 2014 20.27 ●Alternatives°° 0.0%
Risk: Very high 5 years (% p.a.) 13.93 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 9.75 ●Cash 0.7%
To provide long-term capital growth through investment
in global listed company shares. This option may have a
high level of short to medium-term volatility. To
outperform the option’s benchmark over a rolling seven-
year period before fees and taxes.
194
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FirstChoice Wholesale Asian Share Fund (formerly Schroder Asia Pacific fund) - FEXSAOE
Objective and strategy Investment performance – Yearly returns to 30 June (%) Asset Allocation at 30 June 20181
2018 11.57
2017 26.75 ●Australian Shares 0.0%
2016 -5.96 ●Global Shares 97.6%
2015 26.63 ●Listed Property° 0.0%
Indirect Cost Ratio (% p.a.)2: 1.15 2014 18.10 ●Alternatives°° 0.0%
Risk: Very High 5 years (% p.a.) 14.74 ●Fixed Interest°°° 0.0%
Minimum Suggested Timeframe: 7 years 10 years (% p.a.) 10.44 ●Cash 2.4%
To provide long-term capital growth from a diversified
portfolio of predominantly Asian companies. To
outperform the MSCI All Country Asia (ex Japan) Index
over rolling three-year periods before fees and taxes.