Investment objective

To achieve a return (gross of tax and investment expenses) matching that of the Bloomberg AusBond Bank Bill Index.

Investment strategy

To invest in a portfolio consisting primarily of bank deposits, but may include other short-term securities such as highly liquid fixed-interest investments or money market securities.

Strategic asset allocation

Suggested minimum investment time frameN/A
Expected frequency of neg. annual returns in any 20-year periodNegligible
Risk band**1
Risk label**Very low
Investment fee#  0.02% p.a.
(0.03% p.a. gross of tax)
Indirect cost ratio^0.00% p.a.

*The money invested in your cash option is invested in ME Bank Limited deposits, up to to the limit as specified in the Financial Claims Scheme (which, as at 1 October 2019, is $250,000). The amount above this level is invested in highly rated cash management trusts. 

**The risk label and band is based upon each investment option's assumed number of negative returns over a 20-year period and grades these investment options across seven risk labels, from 'Very low' (risk band 1) to 'Very high' (risk band 7).

#Investment fees are deducted from the investment earnings of the Fund, not from your account balance. These fees cover investment management, asset custody, and other related costs. The investment fees are regularly reviewed and may change from time to timey.

^The indirect cost ratio (ICR) represents estimated costs incurred by the Fund’s investment managers before investment earnings are received. These costs take into account the Fund’s experience in the last financial year and are not deducted from your account or from the Fund’s assets. They include estimated transactional and operational costs (as detailed in our Fees and Costs booklet) and performance-related fees.