Objective

The All Growth option aims to:

• achieve over rolling seven year periods, a rate of return after expected tax and fees, in excess of CPI +3.5%
• achieve over rolling seven year periods, a rate of return in excess of our relevant peers, as measured by a relevant growth fund investment survey; and
• maximise the after tax rate of return above inflation, as measured by CPI, over rolling seven year periods, subject to the following constraints:
  • Recognising a greater risk of experiencing a negative return in any one year than the Balanced option; and
  • Maintaining sufficient liquidity to enable VISSF to meet its commitments.

Investment timeframe

The minimum suggested timeframe for holding this investment is 7 years.

Level of investment risk

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Asset allocation

From time to time, we may adjust the asset mix within allowable ranges as investment conditions change.

Benchmark

Objective

The Balanced option aims to:

• achieve over rolling five and 10 year periods, a rate of return, after expected tax and fees, in excess of CPI + 3.0%
• achieve on a rolling five and 10 year basis, a rate of return in excess of the median of our relevant peers, as measured by a relevant growth fund investment survey
• maximise the after tax rate of return above inflation, as measured by CPI, over rolling five and 10 year periods, subject to the following constraints:
  • recognising a greater risk of experiencing a negative return in any one year than the Conservative option; and
  • maintaining sufficient liquidity to enable VISSF to meet its commitments.

Investment timeframe

The minimum suggested timeframe for holding this investment is 5 years.

Level of investment risk

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Objective

The Conservative option aims to:

• achieve over rolling three year periods, a rate of return after expected tax and fees, in excess of CPI + 1.5%
• achieve on a rolling three year basis, a rate of return in excess of the median of our relevant peers, as measured by the relevant conservative fund investment survey
• maximise the after tax rate of return above inflation, as measured by CPI, over rolling three year periods subject to the following constraints:
  • expecting to earn a positive rate of return over most 12 month periods; and
  • maintaining sufficient liquidity to enable VISSF to meet its commitments.

Investment timeframe

The minimum suggested timeframe for holding the investment is 3 years.

Level of investment risk

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Objective

The Cash option aims to provide exposure to a diversified portfolio of investment grade cash and cash equivalent securities, providing a total return, after costs and tax, in line with the Bloomberg AusBond Bank Bill Index over the short term.

Investment timeframe

The minimum suggested timeframe for holding the investment is short term.

Level of investment risk

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