More information about the change to the summary risk level for the following Netwealth GSS funds:
- Australian Bond Index Fund
- Active 30/70 Conservative Fund
- Active 50/50 Balanced Fund
- Active 70/30 Growth Fund
- Active 90/10 High Growth Fund
The PDS for each of the above listed GSS funds includes a change to the description of the summary risk level. It is important to note that there has been no change to the investment strategy or how the funds are invested. The table below summarises the change to the summary risk level in each of the PDSs.
The methodology for calculating risk is based on a statistical assessment of the volatility as measured by the standard deviation of the relevant asset classes.
| Fund | Summary risk level in previous PDS | Updated summary risk level |
| Netwealth Australian Bond Index Fund |
Low Low risk means that Netwealth estimates negative returns in 0.5-1 years out of every 20 years. |
Medium Medium risk means that Netwealth estimates negative returns in 2-3 years out of every 20 years. |
| Netwealth Active 30/70 Conservative Fund |
Low to medium Low to medium risk means that Netwealth estimates negative returns in 1-2 years out of every 20 years. |
Medium Medium risk means that Netwealth estimates negative returns in 2-3 years out of every 20 years. |
| Netwealth Active 50/50 Balanced Fund |
Medium Medium risk means that Netwealth estimates negative returns in 2-3 years out of every 20 years. |
Medium to high Medium to high risk means that Netwealth estimates negative returns in 3-4 years out of every 20 years. |
| Netwealth Active 70/30 Growth Fund |
Medium to high Medium to high risk means that Netwealth estimates negative returns in 3-4 years out of every 20 years. |
High High risk means that Netwealth estimates negative returns in 4-6 years out of every 20 years. |
| Netwealth Active 90/10 High Growth Fund |
Medium to high Medium to high risk means that Netwealth estimates negative returns in 3-4 years out of every 20 years. |
High High risk means that Netwealth estimates negative returns in 4-6 years out of every 20 years. |
For more information regarding the changes please speak to your Business Development or Training and Relationship Manager, call Freecall 1800 888 223 or email contact@netwealth.com.au.