Investments

Investment choice

Member Investment Choice - you're in control!

One of the advantages of being a member of LESF, is that you can control how your funds are invested. LESF offers 3 investment options from which you can choose your investment strategy that best suits you. These are :

Equities Investment Option
Balanced Investment Option (From 1 September 2004, the Composite option has been renamed ‘Balanced’)
Cash Investment Option (From 1 September 2004, the Income option has been renamed ‘Cash’)

You can place your money in one option, or spread it across 2 or all 3 of the investment options. Upon joining the fund, you can choose any of or a combination of these options. Where you do not elect an option, your money will be placed in the default option, being the Balanced Option. There is often a relationship between risk and return, so as your circumstances change, you may wish to change the mix of your investments. LESF allows members to switch between investment options as often as you like. The first switch each year is free with each switch made thereafter in the year attracting a fee of $25.

For more information on investment choice or to make a choice please refer to the LESF Product Disclosure Statement and Member Investment Choice Brochure, or contact LESF on Freecall 1800 359 686. You can now print an LESF Member Investment Choice Form on line Click here to go to the Publications page for the Member Investment Choice Form

Interim Monthly Crediting Rates

LESF uses monthly earning rates based on the asset values within the Fund’s investment options adjusted for tax, investment management fees and other costs.

Interim Monthly Crediting Rates
	Balanced	Cash	Equities
July 2011	-1.43%	0.32%	-3.43%
August 2011	-2.10%	0.36%	-2.94%
September 2011	-3.00%	0.33%	-3.55%
October 2011	3.91%	0.34%	4.52%
November 2011	-1.28%	0.30%	-2.26%
December 2011	-0.05%	0.27%	-0.75%
January 2012
February 2012
March 2012
April 2012
May 2012
June 2012
Financial Year to Date rates	-4.03%	1.94%	-8.34%

Earning Rates

The Fund’s crediting rates (after tax and investment expenses) for the last five, seven and ten years, including year ended 30 June 2011, are shown in the tables below. These rates are applied to members’ accounts as at 30 June each year. .

Balanced Investment Option#

Year to 30 June

Crediting rate applied to members accounts %

Inflation (as measured
by CPI) %

Growth in excess of
CPI %

2011

11.09

3.60

7.49

2010

9.50

3.05

6.45

2009

-10.36

1.46

-11.82

2008

-7.50

4.51

-12.01

2007

15.10

2.07

13.03

2006

14.20

3.98

10.22

2005

14.00

2.49

11.51

2004

7.85

2.48

5.37

2003

2.70

2.69

0.01

2002

-3.40

2.84

-6.24

Five-year compound
average annual return

3.03

2.93

0.10

Seven-year compound average annual return

6.08

3.02

3.06

Ten-year compound average annual return

4.92

2.91

2.01

LESF EARNING RATES 2010/2011

Equities

7.9%

Balanced

11.09%

Cash

4.09%

# Prior to 1 September 2004 was known as the Composite Investment Option+

Equities and Cash Investment Options

Year to 30 June

Cash Investment Option % #

Equities Option %

2011

4.09

7.90

2010

3.50

8.50

2009

4.89

-17.94

2008

5.38

-14.26

2007

5.19

17.90

2006

5.10

18.30

2005

5.20

13.80

2004

1.7

13.48

2003

14.40

-7.3

2002

4.60

-9.2

Five-year compound
average annual return

4.61

-0.58

Five-year compound
average annual return

4.61

-0.58

Ten-year compound
average annual return

5.36

2.25

# Prior to 1 September 2004 was known as the Income Investment Option

LESF is administered by Australian Administration Services (AAS). AAS is an authorised representative of Pacific Custodians Pty Limited, which holds AFSL number 295142. AAS is authorised to give general financial advice on superannuation products.