CSS fund performance for September 2009

Welcome to the monthly update on your Fund's investment performance.

ARIA’s primary responsibility is the management and investment of the CSS fund in the equitable and best interests of all members. ARIA approaches this task by setting an investment objective to maximise the real returns earned on investments subject to a tolerable level of short-term volatility.

Table 1: The CSS Default Fund earning rate as at end September 2009 (%)

CSS Default Fund earning eate for 1 month to end September 2009 2.067

 

Table 2: Monthly allocated earning rates (%)

July 2009
%
Aug 2009
%
Sept 2009
%

2.929

2.390

2.067

 

Table 3: Historical Fund Information (%)

Year
Fund rates (%) #
2004-05
13.9
2005-06
13.1
2006-07 *
13.7
2007-08 **
-1.6
2008-09**
-14.3

# All rates are after fees and tax.

*The 2006-07 rate is the annualised rate of return for the period 1 July 2003 to 30 June 2007, which was allocated to member accounts as of 1 July 2007. Prior year rates are performance rates. Members who exited
during the period 1 July 2003 to 30 June 2007 were paid the exit rate applicable on the day of exit being their share of the fund earnings for the relevant period.

**The 2007-08 and 2008-09 rates are the performance of the default option which reflects the monthly allocated earning rates for the 12 months ending 30 June 2008 and 30 June 2009, respectively. 

Table 4: The CSS cash option earning rate as at end September 2009(%)

CSS Cash Investment Option fund earning Rate for 1 month to end September 2009 0.235

 

Table 5: Monthly allocated earning rates (%)

July 2009
%
Aug 2009
%
Sept 2009
%

0.218

0.207

0.235

 

Table 6: Historical fund earning rates since Inception (%)

Year
Earning rate #
2004-05 (7 months to June )
2.7
2005-06
4.9
2006-07
5.4
2007-08
6.1
2008-09
4.6

# All earning rates are after fees and tax

The Cash Investment Option continues to deliver returns in line with its objectives, once account is taken of fees and taxes.

Alison Tarditi
Chief Investment Officer
30 October 2009