Stable Option

Suitable for members seeking returns above inflation over a medium period of at least one to three years and are concerned about short-term volatility. Investments are made in a diversified mix of asset classes weighted towards defensive assets to reduce risk levels and obtain consistent long-term returns.

Option summary

Strategic asset allocation

Investment performance

Account availability/ Commencement	Super and Income accounts / 1 July 2012
Investment objective	Super accounts and Pre-Retirement Income accounts: Achieve returns net of fees and tax at least equal to CPI + 1.5% over rolling five year periods Post-Retirement Income accounts: Achieve returns net of fees and tax at least equal to CPI + 2.0% over rolling five year periods
Likelihood of a negative annual return	Less than one (0.22) in every 20 years
Standard Risk Measure

	Asset Allocation	Investment Range
Australian Equities	6.5%	0 - 17%
International Equities	5.5%	0 - 16%
Property	7.0%	2 - 12%
Infrastructure	7.0%	2 - 12%
Australian Fixed Interest	12.0%	4 - 10%
International Fixed Interest	12.0%	4 - 10%
Alternative Defensive	8.0%	0 - 16%
Cash/Enhanced Cash	42.0%	34 - 50%
Currency exposure	4%	0 - 14%

	12 months to 30 June
	Super accounts	Income Accounts – Pre-Retirement	Income accounts – Post-Retirement
2019	5.78%	5.44%	5.89%
2018	4.64%	5.14%	4.61%
2017	5.60%	6.19%	6.19%
2016	3.87%	4.53%	4.53%
2015	5.05%	5.84%	5.84%

Five year compound average to 30 June 2019
Super accounts	Income Accounts – Pre-Retirement	Income accounts – Post-Retirement
4.98% p.a.	5.32% p.a.	5.51% p.a.