The guarantee is exactly that - a guarantee that your bond will be worth at least a minimum amount at the end of the guarantee term.
We guarantee that the value of your bond at the end of your selected guarantee term will be at least the same as the value of your bond on the date you added it, less any money taken out since the guarantee was added. The guarantee only applies at the end of your guarantee term. You could get back less than the amount invested if you cash in at any other time.
The guarantee is available on each fund option but the choice of guarantee terms can be different for each fund option.
Of course, we can't offer this guarantee for free - you have to buy one. We've explained the charges for this in more detail in the Supplementary Information Document.