Objective: The Growth Option seeks high long-term returns through controlled exposure to specific risk. The objective is to out-perform (after fees and tax) the Consumer Price Index increase plus 5 per cent a year over rolling seven-year periods.

Strategy: This option seeks high returns in the medium to long term for acceptable risk. The strategy is to maintain substantial diversified exposure to specific risk, with some market risk.

The option invests mainly in the Target Return Portfolio, which provides high expected returns through managed exposure to specific risk. Investments within the Target Return Portfolio are diversified across asset clusters and can have exposures to varied risk factors.

Level of risk: High. This option is likely to exhibit return volatility in the short term and has an estimated probability of a negative return in five years out of every 20 years. It has exposure to specific risk, market risk, currency risk and liquidity risk.

Typical investor: Members who are able to take on above-average risk with a seven-year or longer investment time horizon.

It is important to note that the actual asset allocation for the Growth Option may differ from its strategic asset allocation because of market fluctuations from time to time, new investment opportunities and irregular levels of cash flow. For example, when the share market falls, the proportion of the asset allocation in the Growth Option to equities will decrease and the allocation to other asset classes in the option will correspondingly increase.

While the Trustee seeks to ensure that variations between the actual and strategic asset allocations of the Growth Option are managed within these ranges, in times of extreme market volatility the divergence between the actual and strategic asset allocations can be quite significant.

Performance Crediting Rates

For the latest crediting rates, please refer to the crediting rates

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