Annual Report 2011 - SuperFacts.com

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Lutheran Super Annual Report 2011Back to contentsEffect of taxes, fees and costsThe investment performance shown is after taxand Lutheran Super's standard rate of investmentmanagement fees, but does not include the effectsof other fees you might be charged. Other fees willreduce your account balance. Any fees and coststhat may apply to you for the year are shown on your2011 Member Statement.Did you know?You only need one super fund – ever.Even if you leave your Lutheran employer, you canstay with your super in the Fund you know andtrust. Call the Helpline for more information.Investment objectives and strategyThe Trustee is required by law to set investmentobjectives for the Fund and its underlying investmentoptions. The investment objectives set out in thefollowing pages for each option are not a financialforecast or a guarantee of any future returns from therelevant option.Before you read the description of the various options,you should be aware that the following strategy willbe applied to all of the options to ensure they achievetheir objectives:• invest across all the major asset classes inproportions appropriate to the overall profileof the option• invest the assets with professionalinvestment managers• monitor the performance of each portfolioand manager to ensure competitiveinvestment performance• allow the investment managers to invest in variousfacilities within overall guidelines to protect orenhance the investment performance.The Trustee does not invest directly in derivatives,such as futures and options but does allow theFund's investment managers to use these facilities inmanaging their portfolios. Derivatives are used by themanagers to manage risk and can result in losses aswith most other asset classes. The Trustee does notallow the investment managers to gear the portfolioby using derivatives.12
Back to contentsCapital Secure optionObjectives• Broad aim is to seek the security of capital and to never achieve a negative returnon assets invested.• Expected to achieve investment returns consistent with bank deposits.There is no guarantee that these objectives will be met or that the value of yoursuperannuation will not decrease as a result of negative returns.Cash 100%StrategyAll money is invested in cash investments such as bank bills and term deposits.Return performance*The five-year average rate of return for this option for the period ending31 December 2011 was 3.84% p.a.The investment return for Pension Members in the Capital Secure option from1 January 2011 to 31 December 2011 was 4.54% p.a.* Please note that past performance is not an indication of future performance.Investment managerThe investment manager currently used by the Trustee for the Capital Secureoption is Vanguard Investments Australia Limited in their Cash Reserve Fund.Year ended31 December2011 3.802010 3.542009 2.622008 4.292007 4.98Rate % p.a.To choose this optionThere is no cost in transferring your money into the Capital Secure option fromanother investment option.Lutheran Super Annual Report 201113
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Page 5 and 6: Back to contentsMarket and economic
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Page 9 and 10: Back to contentsA super websiteChec
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Page 17 and 18: Back to contentsGrowth - Australian
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Page 21 and 22: Back to contentsFees and chargesAdm
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Page 29 and 30: Back to contentsNet Fund assets31/1
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