Investment performance 

The Fund offers a choice of investment.

Member Investment Choice applies to the Accounts for:

  • Permanent Employees who have Supplementary Superannuation Contributions, Voluntary Additional Contributions and Rollovers in the Fund. (It does not apply to their Basic Contributions.)
  • Casual and Fixed-term Employees
  • Members in the Retained Benefit Section
  • Members aged 65 years and over

 

Performance of the Investment Options

The Fund offers five investment choice options, and members' investments purchase units in their investment option. The following chart shows the movement in the "sell" unit price for the High Growth, Balanced, Conservative and Cash options from 1 July 2001 (note that until 1 October 2011 the High Growth option was known as 'Growth' and the Conservative option was known as 'Capital Stable'). The initial "buy" unit price for each option was $10.000. The graph includes a comparison with the Consumer Price Index (CPI). The Cautious option commenced from 1 October 2011.

Past performance should not be taken as an indication of future performance.

View the latest chart of unit prices.

 

Investment returns for each Investment Option

This table shows the compound returns for each Investment Option

  • For the period 1 July 2022 to 31 July 2022, and
  • The compound returns for the 1, 2, 3, 4, 5 and 10 year periods ending 30 June 2022.

Investment
Option

 

1/07/2022 to
31/07/22

1 year to
30/06/22

2 years to
30/06/22

3 years to
30/06/21

 

4 years to
30/06/22

 

5 years to
30/06/22

 

10 years to
30/06/22

 

High Growth

 

1.7%

-3.5%

8.8% p.a.

4.8% p.a.

5.2% p.a.

6.1% p.a.

9.0% p.a.

Balanced

 

1.6%

-5.0%

7.2% p.a.

4.1% p.a.

4.6% p.a.

5.2% p.a.

7.8% p.a.

Cautious

 

1.6%

-4.2%

4.3% p.a.

2.6% p.a.

3.4% p.a.

3.9% p.a.

6.1% p.a

Conservative

 

1.5%

-3.8%

2.3% p.a.

1.8% p.a.

2.7% p.a.

3.0% p.a.

4.6% p.a.

Cash

 

0.1%

0.0%

0.0% p.a.

0.2% p.a.

0.5% p.a.

0.7% p.a.

1.5% p.a.

 

Notes:

  1. The investment returns shown above reflect the change in the sell unit prices over the period, expressed as a percentage. The unit prices for each option reflect the value of the underlying investments after making provision for investment tax and investment management costs and any levy imposed or distributed by the Trustee.
  2. Past performance should not be taken as an indication of future performance. Remember, investment returns can go up or down.

 

Investment manager commentary

For the High Growth, Balanced, Cautious, Conservative and Cash options invested in the Russell Pooled Superannuation Trusts, the following files give a commentary by Russell Investment Management about the performance and asset allocation. These files are updated Quarterly.

The returns quoted are gross of fees and tax and are based on the actual returns for each Option or estimates as determined by Russell Investment Management and are for reporting to the HESF Trustee. This may differ to the return based on the HESF published unit prices.

The commentary does not constitute investment advice and should not be relied upon as a substitute for advice from a qualified financial adviser.

Please note the following additional guidance in relation to the performance reports:

The differences between actual asset allocation to fixed income and cash compared to the APRA benchmark are a conscious decision.

The Option actual allocations to fixed income are adjusted for duration.

The Options hold an overweight to duration, which in practice means holding long bond positions; this adds to the actual allocation to fixed income vs. the SAA. These positions are balanced by negative synthetic cash, which means a lower actual cash position vs. the SAA.

For the APRA requirements, some fixed income exposures are classed as partially cash and partially fixed income. Loans are an example of this, as they have a much lower duration than traditional bonds. Another example is Australian cash enhanced; the Russell Investments Australian Floating Rate Fund holds a mixture of short-dated fixed income securities and cash.

This information has been prepared by Holden Employees Superannuation Fund Pty Ltd ABN 26 065 656 948, for general information only. The information does not take into account your personal objectives, financial situation or needs. Therefore, you should not act on this information if you have not considered the appropriateness of this information to your personal objectives, financial situation and needs. You should consult a licensed or appropriately authorised financial adviser before making any financial decision.

17 August 2022