You will have exposure to different types of asset classes and asset types depending on the investment option that you choose:

Core Strategy invests in a mix of shares and bonds (both Australian and overseas), property, infrastructure, alternative assets and cash.

Balanced invests in a balanced mix of shares and bonds (both Australian and overseas), property, infrastructure, alternative assets and cash.

Balanced - Indexed invests in a mix of shares, bonds and cash.

Capital Stable invests mainly in bonds and cash, with smaller proportions of shares (both Australian and overseas), property, infrastructure and alternative assets.

Diversified invests mainly in Australian and overseas shares, property, infrastructure and alternative assets, with some bonds and cash.

High Growth invests in shares (both Australian and overseas), property, infrastructure and alternative assets.

Basic Cash invests in deposits with, or short-term discount securities (bank bills and negotiable certificates of deposit) issued by, major Australian banks. It may also invest in short-dated debt issued and guaranteed by the Australian Commonwealth or State Governments. All securities will have a maximum term to maturity of three months. This option is not a deposit by you in a bank account and your balance is not guaranteed under the Australian Government bank deposit guarantee scheme.

Cash invests in deposits with major Australian banks. The portfolio invests exclusively into deposits with Australia and New Zealand Banking Group Limited (ANZ). This option is not a deposit by you in a bank account and your balance is not guaranteed under the Australian Government bank deposit guarantee scheme.

Bond invests in a mixture of Australian and overseas debt securities issued by Governments, semi-government authorities and companies. Bonds typically have fixed coupon paid on a regular basis and are exposed to both interest rate risk (the impact that changing interest rates have on bond values) and default risk.

Shares invests in a mixture of Australian and overseas shares.

Property invests in direct property and unlisted property trusts (both Australian and overseas).

Australian Shares invests in the Australian share market.

Australian Shares - Indexed invests in companies in the S&P ASX 300 Index

Overseas Shares invests in international share markets.

Overseas Shares - Indexed invests in companies in the MSCI World (ex Australia) Index

Investment Options
Investment options with an exposure to the Australian shares asset class (except Balanced - Indexed and Australian Shares - Indexed options) 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.
 
FYTD: Financial Year-To-Date
 
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.
 
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.

           
Rest's 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.
 
Standard Risk Measure: This guide will show the likely number of negative annual returns expected over any 20 year period.
 
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. Rest Pension Retirement account options are untaxed. The latest returns are not annualised.
 
Unit Prices:  The unit price reflects the value of each unit in an investment option. Unit prices are generally declared on a daily basis.
 
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.
 
For Rest the Core Strategy 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 Core Strategy earning rates differed from the crediting rates as adjustments were made to reserves.
 
For 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.
 
From 1 January 2013 all options are based on unit prices. Prior to that Core Strategy was based on a crediting rate and all other options were based on unit prices. All returns are post investment management fees and tax except the Pension options which are untaxed. Returns for the three, five, seven and ten year periods are based on compound averages.  Past performance is not an indication of future performance.

The inception dates of investment options do not necessarily reflect the date they are available to all members. This means that the chart may display performance data for the option prior to its availability to some members. The commencement date for each investment option and product is listed below:
 

Inception dates for each investment option

Option	Rest	Acumen	Rest Pension
Core Strategy	01-07-88	01-03-02	15-10-06
Capital Stable	01-10-98	01-03-02	13-09-02
Balanced	01-10-98	01-03-02	13-09-02
Balanced - Indexed	06-12-18	06-12-18	06-12-18
Diversified	01-10-98	01-03-02	13-09-02
High Growth	01-10-98	01-03-02	11-07-03
Basic Cash	01-07-09	01-10-09	01-06-09
Cash	01-10-98	01-03-02	30-09-02
Bonds	01-10-98	01-03-02	30-09-02
Shares	01-10-98	01-03-02	30-09-02
Property	01-03-02	01-03-02	04-10-02
Australian Shares	01-03-02	01-03-02	24-01-03
Australian Shares - Indexed	06-12-18	06-12-18	06-12-18
Overseas Shares	01-03-02	01-03-02	18-07-03
Overseas Shares - Indexed	06-12-18	06-12-18	06-12-18

 
N/A applies to options running less than the indicated time periods.
 
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 administration system at the time that 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.
 
Past performance is not an indication of future performance.