Stability
Keeps the Fund liquid, pays benefits and earns steady interest.
Where is your money invested?
Your Fund's money works in three broad ways - stability, income and growth - at home and overseas.
Keeps the Fund liquid, pays benefits and earns steady interest.
Generates regular interest and rent.
Builds long-term value that can outpace inflation, with bigger ups and downs.
Every asset class the Fund holds, its current share of the portfolio, and the long-term target set by the Strategic Asset Allocation (SAA).
At home 87%(target 75%)
Overseas 13%(target 25%)
| Asset class | Min | Target | Max | Now |
|---|---|---|---|---|
| Stabilitykeeps the Fund liquid and earns steady interest | ||||
| Domestic cash and term deposits | 5% | 10% | 15% | 18% |
| Government securities | 5% | 10% | 20% | 14% |
| International cash | 0% | 0% | 5% | 3% |
| Incomeregular interest and rent | ||||
| Loans and private debt | 5% | 10% | 15% | 2% |
| Domestic property | 15% | 20% | 25% | 14% |
| International fixed income | 0% | 5% | 10% | 1% |
| Growthlong-term value, with bigger ups and downs | ||||
| Domestic equity (businesses) | 20% | 25% | 30% | 39% |
| International equities | 15% | 15% | 25% | 8% |
| Listed infrastructure | 0% | 5% | 10% | 0% |
| Total portfolio· SBD 4,752 million | 100% | |||
Target is the long-term strategic allocation; Min and Max are the limits set by the IPS. Unlisted assets are carried at independently assessed fair value, so their exposures move when their value changes. Where a class sits outside its range, the IPS requires a written action plan. Figures are rounded.
