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Master Trust |
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OPTIONS, PROFILES & MANAGER CHANGES |
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Corporate Super and Personal Super options
Corporate Super and Personal Super options
There are two categories of options – Pre-mixed and Sector. Together, they offer you a wide choice of investment options, with varying levels of risk and return. You can choose one or a mix of options to suit your personal needs and preferences. The Pre-mixed category offers a convenient, ready-made solution with options ranging from more aggressive (High Growth) to more conservative (Secure). Pre-mixed options invest across different asset classes in a pre-determined weighting and with automatic rebalancing, so you do not have to make adjustments when market conditions change. There’s also a choice of index and active management styles. The Sector category offers a
‘pick and mix’ menu across asset classes. These options
are suitable for investors who want to structure a particular mix
of asset classes for their investment portfolio and choose how much
money to invest in each sector.
Investment strategies Your Product Disclosure Statement has details of the investment strategies of each option. Mix and match You can mix and match the options any way you like as long as you have a minimum of 5% of your account balance in any one chosen option. You can make different choices for your current super balance and for future contributions. Making your investment choice To make your investment choice, send us a completed Corporate Super: Change member details and options form or Personal Super: Change member details and options form. If you don't make a choice, the trustee will automatically invest your super in the default option chosen by your employer, or the Balanced – Index option if no default option has been chosen or you have joined as a member of Personal Super. Changing your investment choice Log in to your account online or send us a completed: Change member details and options form or Switching investment options form
There are two categories of options – Pre-mixed and Sector. Together, they offer you a wide choice of investment options, with varying levels of risk and return. You can choose one or a mix of options to suit your personal needs and preferences. The Pre-mixed category offers a convenient, ready-made solution with options ranging from more aggressive (High Growth) to more conservative (Secure). Pre-mixed options invest across different asset classes in a pre-determined weighting and with automatic rebalancing, so you do not have to make adjustments when market conditions change. There’s also a choice of index and active management styles. The Sector category offers a ‘pick and mix’ menu across asset classes. These options are suitable for investors who want to structure a particular mix of asset classes for their investment portfolio and choose how much money to invest in each sector.
Investment strategies The Pension Product Disclosure Statement has details of the investment strategies of each option. Mix and match You can mix and match the options any way you like as long as you have a minimum of 5% of your account balance in any one chosen option. Making your investment choice To make your investment choice, complete the investment section in the application form in the Pension Product Disclosure Statement or a Pension: Change member details and options form and send your completed form to us. If you don't make a choice, the trustee will automatically invest your super in the Secure – Active option. Changing your investment choice Send us a completed Pension: Change member details and options form or Pension: Switching investment options - current members form. Russell Global Opportunities Fund: July 2012 Russell Investments has appointed Pacific Investment Management Company (PIMCO) to the Russell Global Opportunities Fund. PIMCO's strategy is inherently defensive in nature making it a strong complement to the existing set of strategies within the Fund. Relevant to the following Aon Master Trust options:
Russell Australian Opportunities Fund: June 2012 Russell Investments has appointed appointment of Vinva Investment Management to the Russell Australian Opportunities Fund. The inclusion of Vinva and reduced weight to Plato will help deliver additional alpha to the Fund while maintaining a similar tracking error. Relevant to the following Aon Master Trust options:
Russell International Shares Fund and its hedged counterpart: May 2012 Russell Investments has appointed Sustainable Growth Advisers (SGA) to the Russell International Shares Fund and Russell International Shares Fund - $A Hedged, replacing Marsico as the global growth manager. At the same time, Russell has consolidated the global value mandates in the Funds by increasing the allocation to Sanders and terminating Pzena. Relevant to the following Aon Master Trust options:
Russell International Bond Fund $A Hedged: May 2012 Russell Investments has appointed Strategic Fixed Income LLC (Strategic) to the Russell International Bond Fund - $A Hedged (the Fund). The addition of Strategic aims to reduce risk, improve diversification and expand the set of alpha drivers in the Fund. Relevant to the following Aon Master Trust options:
Russell After-Tax Australian Shares Fund: May 2012 Russell Investments has appointed Investors Mutual Limited to the Russell After Tax Australian Shares Fund and introduced strategies that increase the amount of assets managed internally. These strategies replace managers DFA Australia and Perennial Value Management. The changes enhance the Fund's risk and return profile. Relevant to the following Aon Master Trust options:
Russell Commodities Fund: April 2012 The trustee has reallocated assets from the Russell Commodities Fund to the Standard Life Investments Global Strategies Trust. This allocation change, which reduces exposure to commodities on Alternatives-Growth and adds exposure to an absolute return strategy, is expected to reduce downside risk, improve diversification and offer better upside potential. Relevant to the following Aon Master Trust Corporate and Personal Super options:
Russell Australian Opportunities Fund: April 2012 Orbis Investment Management (Australia) has changed its name to Allan Gray Australia – referencing the founder and chairman of the Orbis Group. Relevant to the following Aon Master Trust options:
Russell Global Opportunities Fund: December 2011 Russell Investments has appointed Sanders Capital to the Russell Global Opportunities Fund. Arrowstreet is no longer a manager in the Fund. Relevant to the following Aon Master Trust options:
Russell After-Tax Australian Shares Fund: May 2011 The Aon Master Trust has moved to the more tax-aware Russell After-Tax Australian Shares Fund for its core Australian share investment strategy. This move, which took place on 9 May 2011, will benefit members invested in our pre-mixed Active options (with the exception of Secure - Active), Australian Shares - Diversified and Australian Shares - Core. The fund manager, Russell Investments, uses a number of means to reduce tax liabilities in its after-tax share strategy. The net result is an expected higher return after tax and after fees (the management expense ratio will be unchanged). Russell Global Opportunities Fund: April 2011 Russell Investments has appointed two new managers; Delaware and Goodman to the Global Opportunities Fund. Subsequently, Axiom International Investors has been terminated. Relevant to the following Aon Master Trust options:
Russell Emerging Markets Fund: April 2011 Russell Investments has appointed two new managers, Victoria 1522 and Somerset Capital to the Russell Emerging Markets Fund. T. Rowe Price is no longer a manager in the Fund. Relevant to the following Aon Master Trust option:
Russell Commodities Fund: March 2011 Russell Investments has appointed Jefferies Asset Management (Jefferies) to manage a 100% mandate within the Russell Commodities Fund - $A Hedged. Macquarie is no longer a manager in the Fund. Within commodities Jefferies seeks to achieve attractive returns across various strategies in all market conditions. Relevant to the following Aon Master Trust options (Corporate Super and Personal Super):
Russell Australian Opportunities Fund: November 2010 The carefully selected line up of managers in the Russell Australian Opportunities Fund will be augmented by Russell's model driven strategy, the Russell Australian Select Holdings Fund. See the Russell Australian Opportunities Fund profile (note: refresh your screen to override any cached version you may have on your PC). Relevant to the following Aon Master Trust options:
Russell International Shares Fund and Russell International Shares Fund - $A Hedged: November 2010 As active managers, Russell is constantly looking to maintain or improve the inherent alpha potential in all of their funds. Russell have announced a range of changes to their international shares products, including the appointment of two new managers (Barrow Hanley, Mewhinney & Strauss, and Sanders Capital), changes to the mandates for MFS and ICAP, and increased allocation to the Russell International Shares Tracker strategy. AllianceBernstein is no longer a manager within the Funds. See the Russell International Shares Fund profile (note: refresh your screen to override any cached version you may have on your PC). Relevant to the following Aon Master Trust options:
Russell Australian Cash Fund: October 2010 Russell has adopted a more conservative structure to ensure that during periods of financial stress the integrity of the Russell Australian Cash Fund in maintained. To do this, Russell has exited the Perpetual Cash Management Fund and has brought the management of these assets in-house. See the Russell Australian Cash Fund profile (note: refresh your screen to override any cached version you may have on your PC). Relevant to the following Aon Master Trust options:
Russell International Property Securities Fund - $A Hedged: September 2010 The Russell Select Holdings Strategy has been implemented into the Russell International Property Securities Fund - $A Hedged. Perennial is no longer a manager in the Fund. Relevant to the following Aon Master Trust options:
Russell Australian Opportunities Fund: May 2010 Russell has appointed Perpetual Investments to the Russell Australian Opportunities Fund (the Fund). Perpetual takes a fundamental, conservative bottom-up approach to stock picking, focusing on identifying quality companies that represent good value. 452 Capital Management is no longer a manager in the Fund. Note also that Fortis Investment Partners is now known as Arnhem Investment Management. Relevant to the following Aon Master Trust options:
Russell Commodities Fund: May 2010 The fund manager for our commodities investments is now the Russell Commodities Fund, replacing Macquarie Commodities Fund - Class B. The Russell Commodities Fund provides broad diversification and exposure to collateralised commodities futures. Currently, the Fund’s mandate is 100% managed by Macquarie Funds Group. Relevant to the following Aon Master Trust Corporate Super and Personal Super options:
Russell Global Opportunities Fund: March 2010 Russell has appointed Tradewinds Global Investors to the above fund. Tradewinds is a boutique investment firm that emphasises a long-term, value-oriented approach to investing in international shares. Tradewinds looks for companies that have become severely undervalued due to market misperceptions, overreactions or investors’ fixation on short-term results. Relevant to the following Aon Master Trust options:
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