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:	More people in health and community services choose HESTA than any other fund - we are the largest fund in Australia dedicated to this industry. Our members included people working in aged care, private hospitals, public hospitals, community services, disability services, primary health care and early childhood education and care sectors.   We have more than 700,000 members, 95,000 employees and $17 billion in assets. This means we are one of Australia's largest industry super funds. Our size means we can keep our fees low and povide education and advice to members about their super, at no extra cost.   With offices for each Australian state and territory, we are a truly national fund. Our service team includes Client Relationship Managers, Member Education Managers, and Superannuation Advisers who support our members and employers throughout Australia   We exist solely to benefit members. Because we don't pay commissions to financial advisers, more of our members' money stay invested to their future. We provide members with access to valuable extra services including low-cost insurance and advice about super.   With HESTA, your super is in safe hands. The Trustee of HESTA Super Fund is H.E.S.T Australia Limited (HESTA). Founded in 1987, our board of 14 Directors is made up of equal numbers appointed by health and community service industry employer and employee organisations. We also use more than 70 professional investment managers who are monitored by our asset consultant, in conjunction with our Executive Manager - Investments and Governance and the HESTA board.
Year of establishment:	1987
Value of funds around:	$17 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 these options.   Socially responsible investing - HESTA's Eco Pool option is made up of investments that are chosen and managed according to specific environment, sustainability and governance criteria. Under HESTA's ESG policy, managers of other investment options are also expected to consider labour standard and ESG factors when evaluating the companies we invest in on your behalf. 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.   As a HESTA member, you can access both personal advice about your super at no extra cost, and advice on investments outside of super on a fee-for-service basis. Call us on 1800 813 327 for more information. 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
Conservative Pool	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.
Your Choice Asset Classes	HESTA members can choose from seven 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 2011   1 year  3 years 5 years Conservative Pool Defensive 67% Growth 33% 6.7% 3.4% 3.9% Core Pool (default) Defensive 27% Growth 73% 10.0% 2.0% 3.2% Shares Plus Defensive 10% Growth 90% 10.2% 2.2% 2.9% Eco Pool Defensive 15% Growth 85% 6.7% 4.0% 3.0% 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:	We exist solely to benefit members. Because we don't pay commissions to financial advisers, more of our members' money stays invested for their future. We provide members with access to valuable extra sevices including low-cost insurance and advice about super. We give you freedom to choose where and how your money's invested and you can easily update and check your HESTA super account through Members Online at hesta.com.au/mol. You can also register to receive your future annual statements online at hesta.com.au/statement. We support a range of activities that recognise and promoste the importance of your work. We work with key organisations to present awards to Australia's top nurses, early childhood educators and people working inaged care and primary health care. Go to hesta.com.aufor more informaton on the programs we run to support your industry. HESTA membersip gives you access to member education and advice and we have a Super Income Stream product if you are transitioning to retirement or fully retired. HESTA members employers can access low-cost banking products through ME bank including - home loans, managed investments, debit cards, credit cards and business banking.
Communications:	Member communications include annual statements, half-yearly record of contributions, bi-annual member magazine and a comprehensive website that provides access to calculators and publications  Employer communications include monthly contributions advices and payment summaries, bi-annual employer magazine, monthly newsletters and a comprehensive website that provides access to publications and other information to assist employers in super administration And, monthly investment performance is available on our website.
Employer services:	Employers can maker super contributions online, access assistance to help solve admininstrative issues, can gain access to a clearing house service and will receive regular updates from HESTA. With offices for each Australian state and territory, we are a truly national fund. Our service team includes Client Relationship Managers, Member Education Managers, and Superannuation Adviser who support our employers throughout Australia.

FEES
Management Cost - investment fee (% p.a.)	e.g. 0.70% for Core Pool for 2000/2010 (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.

<< Back to Main Listings Page