Fixed Interest quarterly update

As at 30 September 2008

Account	Last 3 months^	Last 12 months^	Last 3 years (per annum)^	Last 5 years (per annum)^	Last 7 years (per annum)^
Accumulation	2.67%	4.89%	3.95%	N/A	N/A
Allocated Pension	3.16%	5.83%	4.71%	N/A	N/A

Geographic breakdown

The geographic breakdown of diversified fixed interest is as follows:

Region	%
Australia	63.41
US, Canada & New Zealand	11.88
Japan	3.86
Europe	14.78
UK	4.03
Other	2.04

Fixed interest composition

The composition is:

Asset type	%
Corporate securities	58.13
Sovereign government securities	13.85
Semi-govt securities	16.35
High yield & emerging market	3.36
Liquidity (cash)	6.67
Other	1.64

Broader operational ranges exist to facilitate prudent short-term management, however the strategic (long-term) target for the option remains 95-100% Fixed Interest.

Performance since inception^

Growth of $10,000 (Accumulation account)

Fixed Interest chart

View current chart - Accumulation | Allocated Pension

Fund managers

The fund's investments are managed by:

BlueBay
Goldman Sachs
Putnam
QIC

More information

September 2008 market update - read QIC's commentary on market performance during the last quarter.
Option composition, fee & risk profile - find out more about the Fixed Interest option.

NOTE:

^Past performance is not a reliable indicator of future performance. Returns may vary considerably over time.

Please note that these crediting rates are only applicable for members who have not made any transactions (withdrawals, deposits, or change of investment options) in the reporting period specified.