Defensive
Objective
- to generate a competitive income stream while minimising the risk of capital loss and supporting the Australian Ethical Charter.
Overview
- the strategy’s returns tend to move in line with the general level of interest rates
- invests in floating rate and short-dated securities, short-dated bank deposits, bank accepted bills of exchange and high-grade mortgage-backed securities typically on a floating rate basis with maturities one year or less
- returns are almost exclusively taxable income
- changes in interest rates can have a positive or negative impact on the investment value or the strategy’s returns.
Suits
- members closer to or in retirement who need to protect their retirement savings and keep up with inflation or members who want a low volatility option.
Previous name
Income Strategy
Established
December 1998
Recommended minimum timeframe
- 1
- 2
- 3
- 4
- 5
- 6
- 7+
- Years
Asset Mix
0% Growth 100% Defensive
Investment risk
Investment risk illustration Low High
Unit Prices
-
11 May 2012$1.6841$1.6841$1.6841
Returns
| Total returns to 30 April 2012 | 3 months | 1 year | 3 years | 5 years | 10 years | Since Inception |
|---|---|---|---|---|---|---|
| Defensive | 1.10% | 4.20% | 4.50% | 4.10% | 4.20% | 4.00% |
| Benchmark: Australian 90 Day Bank Bill | 1.10% | 4.80% | 4.50% | 5.30% | 5.50% | 5.40% |
