Annual report to members 2009 - QSuper - Queensland Government

QSuper investment optionsDefault optionReady Made optionsBalancedCash PlusSocially ResponsibleInvestment objectivesSuited to medium to long-term investorswith an investment timeframe of at least fiveto seven years, and who want exposure toassets with potentially higher returns. Investorsin the Balanced option should also be preparedto accept fluctuations in the value of theirinvestments over the short term.ObjectiveTo achieve an average return over rolling5-year periods of CPI + 4% p.a., afterfees and tax.Suited to investors who are seeking shortto medium-term stability, and who have aninvestment timeframe of three to five years,who want some exposure to growth assetswith potential for moderate returns. Investors inthe Cash Plus option should also be preparedto sacrifice the potential for higher returns inexchange for short to medium-term stability.ObjectiveTo achieve an average return over rolling3-year periods of CPI + 3% p.a., afterfees and tax.Suited to medium to long-term investorswho want an approach that considers theinvestment’s impact on society and theenvironment, and have an investmenttimeframe of at least five to seven years. Investorsin the Socially Responsible option who wantexposure to assets with potentially higher returnsshould also be prepared to accept fluctuationsin the value of their investments over the shortterm.ObjectiveTo achieve an average return over rolling5-year periods of CPI + 3.5% p.a., afterfees and tax.RiskNegative return expected1 year in every 6 years.Negative return expected1 year in every 25 years.Negative return expected1 year in every 5 years.Asset allocationsActual asset allocations (%)Year ended 30/06/09Actual asset allocations (%)Year ended 30/06/08Ranges (%)from 1 July 2009Cash 11.3 7.0 0–20Fixed interest 10.8 24.7 5–20Property 9.2 9.5 5–15Actual asset allocations (%)Year ended 30/06/09Actual asset allocations (%)Year ended 30/06/08Ranges (%)from 1 July 2009Cash 55.7 53.5 50–60Fixed interest 5.4 12.3 2.5–10Property 4.6 4.8 2.5–7.5Actual asset allocations (%)Year ended 30/06/09Actual asset allocations (%)Year ended 30/06/08Ranges (%)from 1 July 2009Cash 6.5 4.9 0–8Fixed interest 21.3 24.3 13–33Property 12.3 11.4 0–28Australian shares 32.1 28.6 25–35Australian shares 16.0 14.3 12.5–17.5Australian shares 38.6 37.5 33–43International shares 26.7 23.0 20–30International shares 13.4 11.5 10–15International shares 21.3 21.9 9–37Alternative assets 9.9 7.2 5–33Alternative assets 4.9 3.6 2.5–16.5Alternative assets 0.0 0.0 0–6Investment returnsAccum 1 QP 2Crediting rate (%)12 months -11.96 -12.603 years p.a. -1.04 -0.785 years p.a. 4.76 5.5810 years p.a. 4.96 5.50Accum 1 QP 2Crediting rate (%)12 months -4.53 -4.393 years p.a. 1.60 2.165 years p.a. 4.63 5.4810 years p.a. 4.75 5.41Accum 1 QP 2Crediting rate (%)12 months -10.32 -11.623 years p.a. -1.57 -1.835 years p.a. n/a n/a10 years p.a. n/a n/aFeesMER for 2008/20090.73% p.a.MER for 2008/20090.55% p.a.MER for 2008/20090.95% p.a.1 Accumulation account.2 QSuper Pension account.10 | QSuper Annual report to members