Cash
|
Investment strategy
|
The investment strategy for this option is to invest in a portfolio consisting primarily of bank deposits, but which may include short-term securities.
|
|
|
Investment objective
|
The objective of this choice is to achieve a return (gross of tax and investment expenses) that is equal to the UBSA Bank Bill Index.
|
|
|
Asset allocation
|
100% deposits and securities |
|
|
Risk of negative return
|
Low. The chance of a negative return in any one year is low.
|
|
|
MER
|
current
|
0.20%
|
|
Member benefit protection fee (approximate)
|
from 01/07/2009
|
0.12%
|
The MER (Management Expense Ratio) is a measure of the fees relating to investments. These fees include the cost of the Fund’s investment managers, custodian and investment advisors and any other costs relating to the investment of assets of the Fund. The MER is the total of the investment related costs, divided by the net asset value of the Fund. These fees are deducted directly from the investment returns before they are applied to your account. These fees are therefore not deducted from your account directly.
The Member Benefit Protection Fee covers the cost to protect members with low account balances. It is deducted from investment returns before they are applied to your account. This fee varies from year to year, depending on the number of accounts with balances of less than $1,000.
Other common Fund deductions, as well as fees and charges that may apply are described on our Fees and Charges page.
