An investment option for members seeking a higher level of income investing for the medium term.
Description
Invests across a diversified range of Islamic assets with the emphasis on income-producing assets, including Australian and International Equities, Unlisted Assets, Alternative Assets, Islamic Cash and Islamic Fixed Income. It is expected to provide some capital growth over the medium term as well as protecting the value of your net investment. This option is intended to be suitable for investors seeking a higher level of income investing for the medium term.
Investment objective
To achieve an average net return (after investment fees and tax) equal or better than inflation plus 2.0% p.a. over rolling 5-year periods.
Suggested minimum timeframe
Minimum 5 years
Target allocation 1
40%-60% Growth Assets 40%-60% Defensive Assets
Long term risk level
Medium
Administrative fees and costs
0.23% of your account balance per year plus $60 per year
Investment fees & costs (estimates only) 2
1.13% of assets p.a.
Transaction costs (estimates only)
0.03% of assets p.a.
1 Target allocation is a strategic benchmark only. Actual allocations may vary within the described ranges.
2 Investment fees and costs shown here are forward-looking estimates applicable from the date of preparation of this PDS and do not include performance fees as performance fees are not applicable. Refer to the ‘Additional Explanation of Fees and Costs’ in the Salaam superannuation Investment Guide.
Browse our Islamic investment options
Defensive
For members seeking a higher level of income investing for the medium term.
