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International Equities

Investment Objectives

To achieve a crediting rate equivalent to inflation plus 4% per annum in three out of five rolling five-year periods.

Credit RatesPerformance
30 June 20118.43% p.a.
30 June 20106.13% p.a.
30 June 2009*-4.92% p.a.
5 year average**3.04% p.a.
Strategic Asset Allocations
Graph 
Suggested investment period

At least 10 years

Risk of negative return

1 in 3.5 years

Type of investor this would suit

Investors with a long investment horizon. Returns are likely to experience volatility greater than other options, and even in the longer term (10 years or more) this option may not outperform the other investment options.

*Returns are for the period 1/1/09 to 30/06/09.

**Average is the compound average of the crediting rates over the past 5 years or shorter where the option was introduced from a later date. CPI over the same 5 year period averaged 3.04% p.a.

A currency hedge is applied by the Fund's passive currency manager to this option. As at 1/10/2010, 45% of the International Equities strategic asset allocation was hedged and this is subject to change at the discretion of the Trustee.

Past Performance is not a reliable indicator of future performance

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QIEC Super - first in our class