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IRIS Sustainable Australian Shares Option
Indicative risk level: High
Investment objectives:
- To achieve returns that exceed the inflation rate (change in the CPI*) by 3.5% per annum (before tax), on a rolling five-year basis. This objective is expected to be achieved around 70% of the time.
- To predominantly invest in Australian shares of companies that display environmental, sustainable and socially responsible features.
- To limit the likelihood of crediting negative annual returns to one in every 4 years.
See historical performance
Asset Allocation
Asset Class
|
Actual Allocation as at 31/07/10**
|
Strategic Allocation ***
|
Allowable Range **** |
Sustainable Australian Shares
|
90.49% |
100%
|
90-100% |
Cash
|
9.51% |
0%
|
0-10% |
* CPI = Consumer Price Index
** Actual Asset Allocation = The actual proportion of assets, such as shares, cash and property, held in each investment option at a particular point in time.
*** Strategic Asset Allocation = The strategic allocation is the optimal asset mix in order to achieve the option’s long-term investment objectives and to enhance performance.
**** Allowable Asset Allocation Range = Adherence to the strategic asset allocation can only be achieved if the asset mix is regularly rebalanced to accommodate market movement. The allocation is permitted to vary within the allowable asset allocation range as determined by the Trustee.
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