Notes / Important information
Investment options with an exposure to the Australian shares asset class may include companies listed in Australia whose legal domicile is overseas. In addition, up to 10% of this asset class may be invested in stocks listed on the New Zealand Stock Exchange.
Aim: This is the goal or objective of the investment option.
Investment return objective: This is what the Trustee uses to determine asset allocation. It is also used to measure if the investment objective is met. It is not a guaranteed rate of return. Rest does not use the Return Target (shown in the Product Dashboard available at rest.com.au/dashboard) to set the investment return objective.
For the Overseas Shares option, the target return prior to 1 October 2011 was to outperform the MSCI World ex-Australia Index in AUD before tax and after fees over rolling 3 year periods. For the Shares option, the benchmark prior to 1 October 2011 was calculated using the S&P/ASX 300 Accumulation Index and the MSCI World ex-Australia Index in AUD.
Asset allocation: For the Core Strategy option, the asset allocation will vary year to year within the ranges shown in the brackets. This also means the allocation to defensive assets and growth assets will vary from time to time.
For all options other than the Core Strategy:
The allocation to an individual asset class may vary by +/- 5% from the benchmark allocation shown, but not below 0% or more than 100% for an individual asset class;
Where an option does not currently have a benchmark allocation to Cash, an allocation of up to 5% may be introduced; and
The overall allocation to growth assets and defensive assets may vary by +/- 10% from the allocation shown.
The Trustee reserves the right to vary the asset allocations, including the benchmarks and ranges, on all or any of the investment options, introduce new options or close existing options without prior notice (where permitted by law).
Standard Risk Measure: This is a guide as to the likely number of negative annual returns expected over any 20 year period. More information
Risk band and risk level: This is based on the standard risk measure. The standard risk measure ranges across seven risk bands, from 1 (very low risk) to 7 (very high risk).
Previous returns: Returns are quoted at 30 June each year after fees not directly charged to your account and taxes have been deducted. Pension options are not taxed. Please note that past performance is not an indication of future performance.
Returns: Returns are shown after the deduction of investment management fees and tax on investment earnings. Pension options are untaxed. The latest returns are not annualised.
Unit price important information
For Rest and Acumen, the earning rates for the years ended 30 June 2008 to 30 June 2011 differed from the crediting rate due to adjustments to the reserves. For the year ended 30 June 2007, the crediting rate was the earning rate. For years ended 30 June 2006 and earlier, the earning rates differed from the crediting rates as adjustments were made to reserves.
For Rest Pension, the earning rates for the years ended 30 June 2008 to 30 June 2010 differed from the crediting rates due to adjustments to the reserves. For the year ended 30 June 2011, the crediting rate was the earning rate.
Unit Prices: The unit price reflects the value of each unit in an investment option. Unit prices are generally declared on a daily basis.
The unit prices shown as at 30 June are not used for processing transactions. These non-transactional unit prices are used to calculate account balances in member statements and represents the valuation of the underlying assets as at that date.
Unit Pricing Incident Guidelines: View the guidelines here.
When you switch or withdraw your benefits, the buy or sell price that is normally used is the latest buy or sell price that has been loaded onto the system at the time when your transaction is processed. If there is a discrepancy between the returns or sell prices on this website and what is on Rest's administration system, the returns or sell prices on the administration system will apply.
As at 1 January 2013 Core Strategy has been unitised.
For the Core Strategy, crediting rates have differed from actual earning rates in some years.
N/A applies to options running less than the indicated time periods.
If there is a discrepancy between the returns or unit prices on this website and what is on Rest's administration system, the returns or unit prices on the administration system will apply.