ARIA > Home > Investments > Your investment options > Government Bonds
Government Bonds
| Objective | Before the payment of tax, to at least match the performance of the Barclays Global Treasury GDP Weighted by Country Index. | ||||||
| Risk level | Low to moderate | ||||||
| Minimum suggested timeframe | Short to medium term | ||||||
| Investment strategy | The fund's investment manager holds a diversified portfolio of cash investments including bank deposits, Australian dollar denominated money market securities and interest rate futures and options traded on the Sydney Futures Exchange. This allows the fund to capture the returns generated by the Australian cash market. | ||||||
| Asset allocation | 
Investing in Government bonds basically means your money is lent to governments wishing to raise capital. Generally in return, you receive a fixed rate of interest, until the bond matures and the amount invested is repayable. ARIA invests in those government bonds listed on the Barclays Global Treasury GDP Weighted by Country Index. This is a comprehensive government bond index made up of over 1,000 bond series issued by governments with relatively well-developed bond markets. If a government issues a new bond that satisfies the requirements of the index, this bond will be included in the index. This is generally considered a relatively low risk investment as the predominant exposure is to sovereign risk (that is the risk that a government cannot or will not honour its obligations or changes its policy in a way that affects those obligations).
Hover your mouse over an asset class to see the definition. Investments in each asset class can vary within a strategic asset allocation range. For further information see the PSSap Product Disclosure Statement. |
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| Investment managers | As at 30 June 2011, the investment managers appointed to the PSSap super schemes were:
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| Top equity holdings | As at 31 March 2012, the top 10 Australian and international equity holdings were:
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| Quarter year to 31 March 2012 % |
Financial year to 31 March 2012 % |
1 year to 31 March 2012 % |
3 years to 31 March 2012 % (annualised) |
5 years to 31 March 2012 % (annualised) |
|---|---|---|---|---|
| 1.3 | 8.2 | 9.3 | 5.8 | 3.6 |