The NGS Defensive investment option is relatively conservative, with a high weighting towards defensive assets like cash, fixed interest, defensive alternative funds and direct property. A small weighting to assets like shares and infrastructure provides the opportunity for some capital growth.
It may suit you if you're looking for relatively stable short-term returns, knowing that long-term returns are likely to be lower. This may work for you if you have a short investment time horizon.
Unit prices
Summary
INVESTMENT PERFORMANCE OBJECTIVE*
To achieve a net return 1% above consumer price index (CPI) p.a. over rolling 3-year periods.
MINIMUM INVESTMENT TIMEFRAME
At least 5 years.
RISK LABEL
Medium.
EXPECTED FREQUENCY OF NEGATIVE RETURN OVER 20-YEAR PERIOD
Approximately 2.3 years in 20.
For information about how we calculate the standard risk measure (SRM) of each investment option, please see section 2 of our Investment guide.
* The trustee is required by law to set this objective. It is neither a forecast nor a guarantee of future investment returns. It is anticipated that the CPI objective should be achieved over the long term. However, due to the volatile nature of investment markets and the lack of direct linkage between market returns and inflation, there may be periods when investment returns are not above the objective.
Unit price performance
Investment returns (returns as at 31 May 2021)
Asset allocation at 1 April 2021
Annual returns
Portfolio holdings disclosure
A list of investments held within this investment option can be found here.
Key points to note:
- Information is updated twice a year — at 30 June and 31 December.
- Investments are shown within each asset class.
- Any derivatives within the asset class are grouped together into one line item. The same applies to any cash held within the asset class.
Unit prices
Summary
INVESTMENT PERFORMANCE OBJECTIVE*
To achieve a net return 1% above consumer price index (CPI) p.a. over rolling 3-year periods.
MINIMUM INVESTMENT TIMEFRAME
At least 5 years.
RISK LABEL
Medium.
EXPECTED FREQUENCY OF NEGATIVE RETURN OVER 20-YEAR PERIOD
Approximately 2.3 years in 20.
For information about how we calculate the standard risk measure (SRM) of each investment option, please see section 2 of our Investment guide.
* The trustee is required by law to set this objective. It is neither a forecast nor a guarantee of future investment returns. It is anticipated that the CPI objective should be achieved over the long term. However, due to the volatile nature of investment markets and the lack of direct linkage between market returns and inflation, there may be periods when investment returns are not above the objective.
Unit price performance
Investment returns (returns as at 31 May 2021)
Asset allocation at 1 April 2021
Annual returns
Portfolio holdings disclosure
A list of investments held within this investment option can be found here.
Key points to note:
- Information is updated twice a year — at 30 June and 31 December.
- Investments are shown within each asset class.
- Any derivatives within the asset class are grouped together into one line item. The same applies to any cash held within the asset class.
