Annual report to members 2009 - QSuper - Queensland Government

QSuper investment optionsReady Made optionsYour Choice optionsBasic Growth High Growth CashSuited to medium to long-term investors whohave an investment timeframe of at least fiveto seven years, and who are willing to accept ahigher level of volatility than the Balanced optionin exchange for a lower fee. Investors in the BasicGrowth option who want exposure to assetswith potentially higher returns should also beprepared to accept more fluctuation in the valueof their investment over the short term (relativeto the Balanced option).ObjectiveTo achieve an average return over rolling5-year periods of CPI + 3.5% p.a., after feesand tax.Negative return expected1 year in every 5 years.Actual asset allocations (%)Year ended 30/06/09Actual asset allocations (%)Year ended 30/06/08Ranges 3 (%)from 1 July 2009Cash 5.5 5.3 5Fixed interest 25.0 25.0 25Property 9.7 9.6 10Australian shares 35.1 35.1 35International shares 24.7 25.0 25Alternative assets 0.0 0.0 0Accum 1 QP 2Crediting rate (%)12 months -12.09 -13.153 years p.a. n/a n/a5 years p.a. n/a n/a10 years p.a. n/a n/aMER for 2008/20090.28% p.a.Suited to long-term investors who wantexposure to assets with potentially higherreturns, and who have an investment timeframeof more than ten years. Investors in the HighGrowth option should also be preparedto accept fluctuations in the value of theirinvestments over the short to medium term.ObjectiveTo achieve an average return over rolling10-year periods of CPI + 5% p.a., after feesand tax.Negative return expected1 year in every 4 years.Actual asset allocations (%)Year ended 30/06/09Actual asset allocations (%)Year ended 30/06/08Ranges (%)from 1 July 2009Cash 8.4 4.9 -2–10Fixed interest 0.0 0.0 0–15Property 9.2 9.5 0–15Australian shares 29.6 26.5 20–40International shares 39.2 46.6 30–50Alternative assets 13.6 12.5 0–36Accum 1 QP 2Crediting rate (%)12 months -19.64 -20.223 years p.a. -4.07 -3.795 years p.a. 3.32 4.3010 years p.a. n/a n/aMER for 2008/20090.91% p.a.Suited to very short-term investors with aninvestment timeframe of less than one year whowant to protect the value of their investments.Investors in the Cash option should alsobe willing to accept very little short-termreal growth.ObjectiveTo capture the return of a broadly diversifiedportfolio of cash investments after fees and tax.Negative return not expected over 1 year.Actual asset allocations (%)Year ended 30/06/09Actual asset allocations (%)Year ended 30/06/08Ranges (%)from 1 July 2009Cash 100.0 100.0 100Fixed interest 0.0 0.0 0Property 0.0 0.0 0Australian shares 0.0 0.0 0International shares 0.0 0.0 0Alternative assets 0.0 0.0 0Accum 1 QP 2Crediting rate (%)12 months 3.72 4.073 years p.a. 4.32 5.035 years p.a. 4.51 5.3010 years p.a. n/a n/aMER for 2008/20090.33% p.a.Investment objectives RiskAsset allocations Investment returns Fees1 Accumulation account.2 QSuper Pension account.3 The investment management of the Basic Growth option targets the specific asset allocation shown above.QSuper Annual report to members | 11