| APIR Code | QIN0003AU |
| Status | Open |
| Investment Manager | QIC |
| Investment Objective | The Fund aims to achieve an investment return of the Bloomberg AusBond Bank Bill Index plus 3% (before fees and taxes) over rolling 5 year periods from investments in cash, fixed interest, property, shares and alternative assets over the medium term, through investment in the Underlying Fund. |
| Investment Strategy | The Underlying Fund allocates across growth assets (shares, property and alternative assets including listed infrastructure) and defensive assets (fixed interest and
cash). For risk management purposes, it may hedge some or all of its currency exposure.
QIC seeks to add value by utilising a dynamic asset allocation (DAA) approach in the selection of the investments held by the Underlying Fund.
QIC believes that a well governed DAA process is a significant improvement from the traditional strategic asset allocation approach. Through DAA, the asset allocation mix of the portfolios is adjusted in response to changing market prices and QIC’s proprietary estimates of fair value. Allocations are managed within pre- approved ranges that allow asset allocations to be increased or decreased in response to changing economic risks. |
| Risk/Return Profile | Medium to high |
| Minimum Suggested Time Frame | 5 years |
| Benchmark Asset Allocation |
| Asset Allocation | Minimum (%) | Maximum (%) |
| Global Shares (Australian and international) | 25 | 75 |
Global Real Estate
(See Note 1) | 0 | 15 |
| Global Infrastructure | 0 | 15 |
| Global Private Equity | 0 | 10 |
Other Alternatives
(see Note 2) | 0 | 40 |
| Global Fixed Interest | 0 | 60 |
| Cash | 0 | 50 |
Foreign Currency Exposure
(See Note 3) | 0 | 45 |
| Note 1 - Includes listed and unlisted property. |
| Note 2 - May include investments in real assets (such as Timber, Commodities, and Natural Resources), Alternative Credit, Objectives Based, Special Situations/Other, Insurance Related Securities, Traditional Endowments, Liquid Alternative Strategies and other Alternative Assets. |
| Note 3 - Foreign currency exposures can be held from time to time. When a fully hedged position is targeted due to currency movements the value of currency is managed as closely as possible to zero, but can be negative or brief periods. |
|
| Investment Requirements |
| Minimum Initial Investment | $2,000 (Lump Sum)
$500 (Regular Savings Plan) |
| Minimum Additional Investment | $500 per Fund (Lump Sum) or $100 per month per Fund (Regular Savings Plan) |
| Regular Savings Plan | Yes |
| Minimum Switch | $500 per Fund (subject to minimum balance requirement of $500 per Fund) |
| Minimum Balance per Fund | $500 per Fund |
| Minimum Withdrawal | $500 per Fund (subject to minimum balance requirement of $500 per Fund) |
| Distributions |
| Income distribution frequency | Half-yearly |
| Payment options | Direct credit or reinvestment (reinvestment only if using Regular Savings Plan) |
| Fees and Costs |
| Establishment fee | Nil |
| Contribution fee | Nil |
| Withdrawal fee | Nil |
| Termination fee | Nil |
| Management costs | 1.45% p.a. reducing to 1.075% p.a. for amounts greater than $200,000 |
| Buy / sell spreads | +0.25%/-0.25% |
