Fund profiles

HESTA Super Fund
	Principal contact: Anne-Marie Corboy                                       Telephone: Fax: 1800 813 327 1300 368 636 Address: PO Box 615 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 600,000 members and 60,000 employers, HESTA looks after the super requirements of more Australians than any other fund specialising in the health and community services industry. HESTA has low fees and is run only to profit members. Members have access to extra benefits such as: low-cost income protection; lump-sum total and permanent disablement and death insurance; retaining your membership when you change jobs; discount health insurance; low-cost home loans and banking products and financial planning services from advisers who are not paid commissions. Everything we do at HESTA is aimed at enhancing our members’ retirement savings. By using more than 70 professional investment managers, HESTA aims to provide strong long-term returns for its members.
Year of establishment:	1987
Value of funds:	$13.3 billion
Key features of HESTA's accumulation fund:	A history of strong returns Low fees. HESTA does not charge entry, exit or contribution fees and pays no commissions to advisers Australia-wide membership. Members can leave their super with HESTA when they change jobs, meaning it’s easier to keep track of their super 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 HESTA’s asset consultant, in conjunction with HESTA’s Executive Manager – Investments and Governance and the HESTA Board Investment choice. HESTA members can choose from six professionally managed Ready-Made Investment Pools, each with a different performance objective and corresponding asset mix, as well as eight Your Choice Asset Classes, or can customise their own mix of both options Choice about your level of involvement. HESTA’s investment options cover a spectrum of low, medium and higher risk strategies, and members can choose to have more or less involvement in their investments Easy employer administration. HESTA has the flexibility to suit any business size and provides ready access to administrative support Economies of scale. HESTA’s size means we can offer members low fees and broad investment choice to help their 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.
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 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 overseas shares, this option aims to achieve higher long-term returns than Core Pool and Shares Plus.
Australian Share Pool	By investing purely in Australian shares, this option aims to achieve higher long-term returns than most pools.
Your Choice	HESTA members can choose from eight asset classes, which can be blended to create a tailored investment approach.

Investment performance (crediting rates) Growth asset weighting Returns to 30 June 2007   1 year  3 years 5 years Cash Plus Defensive 66% Growth 34% 10.7% 9.5% 8.3% Core Pool (default) Defensive 27% Growth 73% 16.7% 14.8% 12.1% Shares Plus Defensive 10% Growth 90% 18.8% 15.9% 12.6% Eco Pool (commenced on 1/02/2000) Defensive 20% Growth 80% 18.2% 14.2% 9.8% Overseas Share Pool (commenced 1/07/2001) Defensive 0% Growth 100% 15.3% 9.7% 6.7% Australian Share Pool (commenced 1/07/2001) Defensive 0% Growth 100% 30.3% 24.7% 19.1% Your Choice (commenced 1/07/2001) Varies Dependent on choices made

Insurance available:	Death, income protection, lump-sum TPD, 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, a clearing house service.
Communications:	Annual statements, six-monthly employer reports, six-monthly Member Magazine and record of contributions, monthly newsletters, membership booklets, investment booklets, insurance booklets, HESTA E-Tips, E-newsletters, publications and monthly investment performance available on website.
Employer services:	Make super contributions online, assistance with solving your super problems, regular super updates and access to a clearing house service.

FEES
Management Cost - investment fee (% p.a.)	0.62% for Core Pool – excludes performance fee for 2006/2007.
Management Cost - member fee ($ per week / annum)	$1 per week plus 0.07% Trustee p.a operating fee (70 cents per $1,000 invested)

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