Investor horizon minimum 4 6 years asset classes and

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Investor HorizonMinimum 4 - 6 yearsAssetClassesandBenchmark AllocationAustralian shares**International shares**Alternatives - Other***Total growthAustralian fixed interestCashTotal incomeUpper Limit60%30%10%40%15%Lower Limit35%10%0%10%2.5%Benchmark45%20%5%70.0%25%5%30.0%Estimated number ofnegativeannualreturns(RiskObjective)Risk Band 5: Medium to High (3 to less than 4 estimated negative annual returnsover any 20-year period).** includes listed property securities and REITs*** Other may include externally managed funds in non-traditional assets such as hedge funds,alternative asset types and absolute return funds
GROSVENOR PIRIEANNUAL REPORTFor the Period Ended 30 June 20188ANNUAL REPORTGrosvenor Pirie Capital Stable Investment OptionSuitabilityThe Capital Stable Investment Option is intended to be suitable formembers seeking a conservative investment.Investment StrategyThe option aims to invest in a diverse mix of assets with the majority in defensiveassets of cash and fixed interest and a modest investment in growth assets such asshares.The option’s exposure to these asset classes will be obtained primarilyby holdingassets directly, including Exchange Traded Funds.This option aims to minimise the risk of loss to capital while accepting that this willresult in lower investment returns over the longer terms. That includes anorientation toward income assets, a bias towards to Australian assets and an activeasset allocation and security selection.Specific allocations may vary but the option will retain a broad 20/80 split betweengrowth and income assets.InvestmentReturnObjectiveCPI + 0.5% per annum over rolling five year periods (after fees and taxes).Investor HorizonMinimum 2 - 4 yearsAssetClassesandBenchmark AllocationAustralian shares**International shares**Total growthAustralian fixed interestCashTotal incomeUpper Limit30%5%85%15%Lower Limit10%0%65%2.5%Benchmark20%0%20.0%75%5.0%80.0%Estimated number ofnegativeannualreturns(RiskObjective)Risk Band 5: Low to Medium (3 to less than 4 estimated negative annual returnsover any 20-year period).Note: After consideration the Trustee advised existing members that the Capital Stable Investment Option was to be closedby 30 September 2018. From 1 May 2018, Grosvenor Pirie Super no longer offered the Capital Stable Investment Option tonew members. Please refer to the SEN on the Grosvenor Pirie Super website for further details.** includes listed property securities and REITs
GROSVENOR PIRIEANNUAL REPORTFor the Period Ended 30 June 20189ANNUAL REPORTPension MembersFuture Super Pension Balanced Growth Investment OptionSuitabilityThe strategy is intended to be suitable for retirees seeking a conservativeinvestment option.Investment StrategyThe option aims to invest predominantly in defensive investments such as fixedinterest and cash, with a moderate investment in growth assets such as shares. Theoption’s exposureto these asset classes will be obtained primarily by holding assetsdirectly, including Exchange Traded Funds.

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