Fund profiles

HESTA Super Fund
	Principal contact: Anne-Marie Corboy                                       Telephone: Fax: 1800 813 327 1300 368 636 Address: PO Box 600 Carlton South Vic 3053 Website: Email: www.hesta.com.au hesta@hesta.com.au
Overview:	HESTA is your national industry super fund for health and community services. With more than 690,000 members and 89,000 employers, more people in health and community services choose us than any other super fund. We have low fees and are run only to benefit members. Benefits include access to low-cost insurance (Death Cover and Income Protection), discount health insurance and low-cost home loans and banking products. We also offer financial planning services from advisers, who aren't paid commissions. You can also stay with HESTA when you change jobs and when you retire. At HESTA, we work hard to help your super grow with more than 70 professional fund managers on board to support our aim of providing strong long-term returns.
Year of establishment:	1987
Value of funds around:	$15 billion
Key features:	A history of strong returns. Low fees - we do not charge entry, exit or contribution fees and pay no commissions to advisers. Australia-wide membership - you can continue your super with us when you change jobs, making it easier to keep your super together. Professional fund management - with HESTA, your super is in expert hands. We use the services of more than 70 professional fund managers who are monitored by our asset consultant, in conjunction with our Executive Manager – Investments and Governance and the HESTA Board. Investment choice -  you can choose from our range of professionally managed Ready-Made Investment Pools, each with a different performance objective and corresponding asset mix, as well as our Your Choice Asset Classes, or you can customise your own mix of both options. Choose your level of involvement - our investment options cover low, medium and higher risk strategies, and you can choose to have more or less involvement in your investments. Easy employer administration - HESTA suits any business size, with ready access to administrative support. Economies of scale - our size means we can offer you low fees and broad investment choice to help your super dollars work harder. Online services at www.hesta.com.au for employers and members - we provide account access and super education around the clock. Education and communication materials for members and employers - we guide members and employers through super with print and web information, seminars and access to Fund staff. Stay with HESTA when you retire or if you're planning a gradual transition to retirement with the HESTA Super Income Stream
Administrator:	Superpartners
Auditor:	Ernst & Young
Custodian:	JP Morgan
Asset consultant:	Frontier Investment Consulting
Lawyers:	Dwyer & Co.

INVESTMENT OPTIONS	Objectives
Ready-Made Investment Pools
Cash Plus	This is our most conservative investment pool, aiming to provide stable returns slightly greater than those achieved by investing in cash alone.
Core Pool	This is our balanced option, aiming to optimise long-term returns while achieving short-term returns better than the 90-day bank bill rate (adjusted for tax).
Shares Plus	This option aims to provide higher long-term returns than the Core Pool. It invests in a diversified portfolio that includes growth assets other than shares.
Eco Pool	Our socially responsible investment option aims to optimise long-term returns while investing in companies and property that demonstrate best practice environmental / sustainability performance within their industry sector, relative to their peers.
Overseas Share Pool	By investing purely in international shares, this option aims to achieve higher long-term returns than Core Pool.
Australian Share Pool	By investing purely in Australian shares, this option aims to achieve higher long-term returns than most Pools.
Your Choice Asset Classes	HESTA members can choose from eight asset classes, which can be blended to create a tailored investment approach.

Investment Performance (interest rates) Growth Asset Weighting Annual Average Performance to 30 June 2009   1 year  3 years 5 years Cash Plus Defensive 67% Growth 33% -4.1% 1.7% 4.5% Core Pool (default) Defensive 27% Growth 73% -12.3% -1.0% 4.6% Shares Plus Defensive 10% Growth 90% -13.1% -2.1% 4.2% Eco Pool Defensive 15% Growth 85% -7.1% -1.3% 3.8% Overseas Share Pool Defensive 0% Growth 100% -14.4% -5.6% -0.7% Australian Share Pool Defensive 0% Growth 100% -12.4% 0.0% 8.2% Your Choice Asset Class Varies Dependent on choices made

Insurance:	Death Cover and Income Protection Cover including cover for Lump-sum and Total and Permanent Disablement, and terminal illness.
Extra benefits:	Access to business loans, financial planning, financial seminars, non-super savings options and managed investments, home loans, online account details, online transactions, banking products, retirement planning, income streams, and a clearing house facility for employers.
Communications:	Member communications include: annual statements, six-monthly employer reports, bi-annual member magazine, monthly newsletters, membership booklets, investment booklets, insurance booklets. Employer communications include: annual statements, six-monthly record of contribution advices, bi-annual employer reports, monthly newsletters and employer guide. And, monthly investment performance is available on our website.
Employer services:	Make super contributions online, access help with solving your super problems, receive regular super updates and gain access to a clearing house service.

FEES
Management Cost - investment fee (% p.a.)	e.g. 0.78% for Core Pool for 2008/2009 (excludes performance fee)
Management Cost - member fee ($ per week / annum)	$1.25 per week, plus 0.1% Trustee operating fee (i.e. $1 p.a. for every $1,000 invested) applied to investment values before declaring interest rates.

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