Growth (Lower Carbon) invests predominantly in global shares with specific exclusions related to fossil fuels, plus a smaller percentage invested in global fixed interest. This option has a lower carbon exposure than Growth. You will find more detail on the scheme's responsible investment policy and the exclusion criteria underpinning Growth (Lower Carbon) in the scheme's statement of investment policy and objectives [PDF, 131 KB].

Target asset allocation

The target asset allocation for Growth (Lower Carbon) is 80% global equities (unhedged) and 20% global bonds.

Investment objective

To provide a long-term (10 years plus) return after tax and investment expenses of 3.25% p.a. above inflation. This option targets a lower exposure to carbon emissions and fossil fuels relative to the Growth investment option and the market index. There is a reasonably small risk (approximately 1 in 20 years) of a member losing more than 11.5% in any year, with a current likelihood of a negative return of 1 year in every 4.

Estimated fund charges

Estimated total annual fund charges (p.a. of net asset value).

0.40% p.a.

or $40 for every $10,000 invested

Find out more

Read more about Growth (Lower Carbon)