Comparison between Return Target and Return for Core Strategy

See how Rest's Core Strategy has performed to its mean annualised estimate of return over ten years above CPI, known as the Return Target*.

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Core Strategy

Rest's investment return objective for the Core Strategy is Consumer Price Index (CPI) + 3% per annum over a rolling ten year period.

Comparison between Return Target and Return

The graph shows a comparison between the return, return target and the moving average return annualised over rolling 10 year periods. The period represented is the 10 years to 30 June 2020. The return is calculated after deducting investment and administration fees, costs and taxes.

Moving average return (rolling 10 year period)

Moving average return target (rolling 10 year period)

Return
(financial year to date as at 30 June)

Return Target*

CPI+ 4.9%

Consumer Price Index (CPI) plus 4.9% per year over the long-term (2020-2029). Future returns cannot be guaranteed.

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Return^#

17.21%

The return for the year ending 30 June 2021 is 17.21%. The 10 year average annual return to 30 June 2021 is 8.21%.

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Level of investment risk^†

High

Estimated 4 to less than 6 negative annual returns over any 20 year period.

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Statement of fees and other costs^

$448 per year

From $448 per year (For a member with a $50,000 balance).

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Further information

Past performance may not be repeated and fees and costs may change in future financial years.

The fees, costs and taxes have been based on a member who has an account balance of $50,000. Each year is a financial year (1 July to 30 June).

^* Rest has set an investment return objective for the Core Strategy of CPI + 3% per annum over rolling ten year periods. The objective forms the basis from which the Trustee sets an investment strategy and monitors investment performance. The Return Target shown in this Product Dashboard is different from that objective and is calculated in accordance with the requirements that apply to MySuper. The Return Target is the mean annualised estimate of return over ten years above CPI, after deducting investment and administration fees, costs and taxes. These estimates and assumptions may change over time. It is not a guaranteed return.

^# The graph shows a comparison between the return, return target and the moving average return annualised over rolling 10 year periods. The period represented is the 10 years to 30 June 2020. The return is calculated after deducting investment and administration fees, costs and taxes.

^† This is a guide as to the likely number of negative annual returns expected over any 20 year period (also referred to as the Standard Risk Measure).

The Standard Risk Measure is not a complete assessment of all forms of investment risk, for instance it does not detail what the size of negative return could be or the potential for a positive return to be less than a member may require to meet their objectives. Further, it does not take into account the impact of administration fees and tax on the likelihood of a negative return. Members should still ensure they are comfortable with the risks and potential losses associated with their chosen investment option(s).

^{^} You will be charged an investment fee of 0.57% (including a performance fee of 0.07% pa)($285), indirect costs of 0.05% ($25) and an administration fee of $1.50 per week ($78) regardless of your balance, plus 0.12% pa of your balance at the end of each month ($60), bringing the total cost to $448 per year.

Last updated 14 July 2021.