Unit Prices and Performance

Prices and Performance

Access a range of leading Australian and international investment managers with the flexibility to change and switch investment options.

Unit Pricing
Exit Price ($)

AMP Capital Dynamic Markets Fund (UF10B) 1.0000

Investment Manager

AMP Capital

Suggested Length of Investment

5 Years

Objective

Aims to provide a total return (income and capital growth), before costs and before tax, of 4.5% p.a. above inflation (the RBA inflation rate (Consumer Price Index) - trimmed mean), on a rolling 5-year basis.

Investment Approach

The fund provides investors with diversification by investing across a range of traditional asset classes such as shares, listed property, commodities, fixed income, credit and cash. The underlying asset class exposures within the fund are achieved by investing in passively managed investments such as index funds, exchange traded funds (ETFs) and derivatives.

Risk Level

5 - Medium to High

Inception Date
December 2017

Investment Guidelines

Cash
— 0-50%
Fixed interest
— 10-100%
Australian shares
— 0-50%
International shares
— 0-50%
Property
— 0-25%
Other
— 0-50%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 n/a n/a n/a n/a n/a n/a n/a

AMP Capital Global Property Securities Fund (UF5A) 1.3357

Investment Manager

AMP Capital

Suggested Length of Investment

5 Years

Objective

To provide total returns (income and capital growth) after costs and before tax, above the FTSE EPRA/NAREIT Developed Index Hedged in AUD Net Total Return Index on a rolling three-year basis.

Investment Approach

To take advantage of global real estate market conditions, as well as country-specific opportunities, the fund’s investment style combines a stock-specific (bottom-up) selection process complemented by a macroeconomic (top-down) approach to regional and country allocations.

Risk Level

6 - High

Inception Date
May 2008

Investment Guidelines

Cash
— 0-10%
Listed property
— 90-100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 2.46% 3.76% 7.07% 2.67% 6.13% n/a 3.03%

BT Wholesale Enhanced Credit Fund (UF03) 1.4727

Investment Manager

BT Investment Management (Institutional) Limited

Suggested Length of Investment

3 Years

Objective

Aims to provide a return (before fees, costs and taxes) that exceeds the Bloomberg AusBond Non Govt 0+ Year Index1 over the medium term.

Investment Approach

The Manager seeks to take advantage of investment opportunities within the Australian non-Government fixed interest market and invests primarily in Australian dollar corporate bonds including investment grade securities issued by leading corporations listed on the ASX.

Risk Level

5 - Medium to High

Inception Date
August 2004

Investment Guidelines

Cash
— 0-100%
Australian fixed interest
— 0-100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 0.77% 0.56% 2.26% 1.15% 2.40% 3.16% 3.06%

Dimensional Global Small Company Trust (UF09) 1.9467

Investment Manager

DFA Australia

Suggested Length of Investment

7 Years

Objective

To provide long-term capital growth by gaining exposure to a diversified portfolio of small companies associated with approved developed markets (excluding Australia).

Investment Approach

Seeks exposure to a diversified portfolio of small companies listed in global developed markets (excluding Australia) with the potential for long-term capital growth.

Risk Level

7 - Very High

Inception Date
August 2004

Investment Guidelines

International shares
— 100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 8.64% 5.52% 10.99% 7.00% 14.21% 5.14% 5.20%

Dimensional World Allocation 70/30 Trust (UF24) 1.4964

Investment Manager

DFA Australia

Suggested Length of Investment

5 Years

Objective

To provide a total return, consisting of capital appreciation and income, by gaining exposure to a diversified portfolio of companies and real estate securities listed on approved developed and emerging markets, and domestic and global fixed interest securities. Will seek to target approximately 70% exposure to equities and 30% exposure to fixed interest assets.

Investment Approach

Normally, the manager will gain some or all of its exposure by investing in other funds managed by it that invest in equity, real estate and fixed interest securities.

Risk Level

6 - High

Inception Date
July 2012

Investment Guidelines

Cash
— 0-10%
Fixed interest
— 15-35%
Australian shares
— 15-35%
International shares
— 25-55%
Property
— 0-10%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 4.17% 4.50% 9.85% 5.94% 7.80% n/a 7.79%

Ellerston Australian Market Neutral Fund (UF6A) 1.0055

Investment Manager

Ellerston Capital

Suggested Length of Investment

7 Years

Objective

Targets absolute returns with an annualised return objective of 5% above the RBA Cash Rate over rolling five year periods.

Investment Approach

Seeks to provide a return profile that has a low correlation (i.e. low relationship) with traditional asset class returns. Aims to generate positive returns in all market environments by reducing the majority of market risk and focusing primarily on capital preservation and out performance. The manager uses a relative value and a special situations strategy. Derivatives will be used to, amongst other things, leverage the portfolio and achieve a short position.

Risk Level

6 - High

Inception Date
December 2017

Investment Guidelines

Cash
— 0-100%
Australian shares
— 0-100%
International shares
— 0-20%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 n/a n/a n/a n/a n/a n/a n/a

EQT Wholesale Mortgage Income Fund (UF25) 1.1237

Investment Manager

Equity Trustees

Suggested Length of Investment

1 to 3 Years

Objective

Outperform the RBA Cash Rate over rolling three-year periods.

Investment Approach

Comprising a portfolio of real estate mortgages operated in a highly conservative fashion, it is designed for investors seeking income returns higher than short-term money market rates and who also seek a relatively lower risk investment compared to more volatile investment sectors.

Risk Level

4 - Medium

Inception Date
May 2012

Investment Guidelines

Cash
— 0-100%
Australian fixed interest
— 0-100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 0.45% 0.84% 1.60% 1.68% 2.04% n/a 2.11%

Generation Life Sectoral Blend Fund (UF10) 1.7843

Investment Manager

Generation Life

Suggested Length of Investment

5 Years

Objective

To outperform (before tax and fees) an internal benchmark comprising the weighted combination of relevant market indexes.

Investment Approach

Invests in a selection of options from the Generation Life investment menu. Tactical asset allocation strategies may be applied, involving adjusting exposure to asset classes on a regular basis within the options overall investment guidelines.

Risk Level

6 - High

Inception Date
September 2004

Investment Guidelines

Cash
— 0-20%
Fixed interest
— 0-40%
Australian shares
— 0-60%
International shares
— 0-40%
Property
— 0-20%
Other
— 0-20%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 4.53% 3.47% 7.63% 5.78% 7.61% 2.73% 4.41%

Generation Life Term Deposit Fund (UF14A) 1.1735

Investment Manager

Mutual Limited

Suggested Length of Investment

No minimum

Objective

To outperform (before tax and fees) the Bloomberg AusBond Bank Bill Index1 and achieve returns superior to cash management trusts, by investing predominantly into a diversified range of term deposit and deposit like investments.

Investment Approach

Primarily invests in term deposits issued by major Australian banks with a bias toward the top four banks. The fund is managed to provide a short-term maturity profile to meet liquidity requirements.

Risk Level

1 - Very Low

Inception Date
July 2010

Investment Guidelines

Cash
— 100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 0.23% 0.51% 1.05% 1.29% 1.62% n/a 2.19%

Investors Mutual Australian Shares Fund (UF06) 2.1716

Investment Manager

Investors Mutual

Suggested Length of Investment

5 Years

Objective

To provide a return (after fees and expenses and before taxes) which exceeds the S&P/ASX 300 Accumulation Index over rolling four-year periods.

Investment Approach

Invests in a diversified portfolio of quality Australian companies that display four characteristics: a sustainable competitive advantage, recurring earnings, capable management and the ability to grow over time. The manager believes in purchasing quality companies at attractive prices when a company's price is below its long term value.

Risk Level

6 - High

Inception Date
August 2004

Investment Guidelines

Cash
— 0-10%
Australian shares
— 90-100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 4.53% 3.45% 8.17% 5.41% 8.62% 3.15% 5.90%

Investors Mutual Future Leaders Fund (UF07) 2.0288

Investment Manager

Investors Mutual

Suggested Length of Investment

5 Years

Objective

To provide a rate of return (after fees and expenses and before taxes) which exceeds the return of the S&P/ASX 300 Accumulation Index (ex S&P/ASX50, ex LPT) on a rolling four-year basis.

Investment Approach

Will invest in a diversified portfolio of quality ASX listed Australian and New Zealand shares outside the top 50 shares listed on the ASX, where these shares are identified by the manager as being undervalued.

Risk Level

6 - High

Inception Date
August 2004

Investment Guidelines

Cash
— 0-20%
Australian shares
— 80-100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 6.57% 9.19% 7.48% 5.66% 5.14% 2.22% 5.41%

iShares Hedged International Equity Index Fund (UF12) 2.2528

Investment Manager

BlackRock Investment Management (Australia) Limited

Suggested Length of Investment

5 Years

Objective

Aims to provide investors with the performance of the market, before fees, as measured by the MSCI World ex Australia Net Index (hedged in AUD with net dividends reinvested).

Investment Approach

To closely track the risk characteristics of the index, while minimising transaction costs. Will hold all of the securities in the index (most of the time), allowing for individual security weightings to vary marginally from the index from time to time.

Risk Level

6 - High

Inception Date
August 2004

Investment Guidelines

International shares
— 100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 4.18% 5.44% 9.79% 6.42% 10.64% 4.65% 6.27%

iShares Wholesale Australian Bond Index Fund (UF12A) 1.3467

Investment Manager

BlackRock Investment Management (Australia) Limited

Suggested Length of Investment

3 Years

Objective

Aims to provide investors with the performance of the market, before fees, as measured by the Bloomberg AusBond Composite 0 + Year Index1.

Investment Approach

To closely track the risk characteristics of the index, while minimising transaction costs. Will look to closely match the index major risk and return factors through a methodology called stratified sampling.

Risk Level

4 - Medium

Inception Date
May 2008

Investment Guidelines

Australian fixed interest
— 100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 0.87% 0.14% 1.72% 1.68% 1.97% n/a 3.18%

iShares Wholesale Australian Equity Index Fund (UF11) 2.3195

Investment Manager

BlackRock Investment Management (Australia) Limited

Suggested Length of Investment

5 Years

Objective

Aims to provide investors with the performance of the market, before fees, as measured by the S&P/ASX 300 Total Return Index.

Investment Approach

To closely track the risk characteristics of the index, while minimising transaction costs. Will hold all of the securities in the index (most of the time), allowing for individual security weightings to vary marginally from the index from time to time.

Risk Level

6 - High

Inception Date
August 2004

Investment Guidelines

Australian shares
— 100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 4.29% 5.06% 10.64% 5.90% 7.96% 2.62% 6.48%

iShares Wholesale Australian Listed Property Index Fund (UF12B) 1.3865

Investment Manager

BlackRock Investment Management (Australia) Limited

Suggested Length of Investment

5 Years

Objective

Aims to match the performance of the S&P/ASX 300 A-REIT Total Return Index before fees.

Investment Approach

To closely track the risk characteristics of the index, while minimising transaction costs. Will hold all of the securities in the index (most of the time), allowing for individual security weightings to vary marginally from the index from time to time.

Risk Level

6 - High

Inception Date
May 2008

Investment Guidelines

Australian listed property
— 100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 5.65% 2.93% 8.96% 8.55% 9.22% n/a 3.19%

iShares Wholesale International Equity Index Fund (UF11A) 1.1284

Investment Manager

BlackRock Investment Management (Australia) Limited

Suggested Length of Investment

5 Years

Objective

Aims to provide investors with the performance of the market, before fees, as measured by the MSCI World ex Australia Net TR Index (unhedged in AUD with net dividends reinvested).

Investment Approach

To closely track the risk characteristics of the index, while minimising transaction costs. Will hold all of the securities in the index (most of the time), allowing for individual security weightings to vary marginally from the index from time to time.

Risk Level

6 - High

Inception Date
August 2016

Investment Guidelines

International shares
— 100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 7.83% 4.90% 13.21% n/a n/a n/a 9.66%

Kapstream Absolute Return Income Fund (UF10A) 1.0001

Investment Manager

Kapstream Janus Henderson

Suggested Length of Investment

1 Year

Objective

Aims to provide a steady stream of income and capital stability over the medium term while aiming to outperform a composite index of 50% Bloomberg AusBond Composite Bond 0-3 Year Index1 & Bloomberg AusBond Bank Bill Index1 through market cycles.

Investment Approach

Targets an absolute return over time, by investing in a global, diversified portfolio of predominantly investment grade fixed income securities, according to the manager’s global macroeconomic and market views.

Risk Level

2 - Low

Inception Date
December 2017

Investment Guidelines

Cash
— 0-100%
Australian fixed interest
— 0-100%
International fixed interest
— 0-100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 n/a n/a n/a n/a n/a n/a n/a

Macquarie Treasury Fund (UF01) 1.3912

Investment Manager

Macquarie Investment Management Global Limited

Suggested Length of Investment

No minimum

Objective

Aims to perform in line with the Bloomberg AusBond Bank Bill Index1 over the short term (before fees) using a low risk investment strategy.

Investment Approach

The manager’s cash management approach is driven by disciplined and thorough processes, and backed by in-house quantitative analysis. To take advantage of movements in market interest rates, the maturity profile of the fund is actively managed. After determining the maturity profile, the manager uses a number of analytical tools to select the securities that it believes offer the best value and to find the most appropriate yield curve position.

Risk Level

1 - Very Low

Inception Date
September 2004

Investment Guidelines

Cash
— 100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 0.21% 0.43% 0.89% 1.11% 1.34% 2.26% 2.52%

Magellan Global Fund (UF08) 1.7148

Investment Manager

Magellan Asset Management Limited

Suggested Length of Investment

7 Years

Objective

The primary objectives are to achieve attractive risk-adjusted returns over the medium to long-term, while reducing the risk of permanent capital loss.

Investment Approach

The manager aims to find companies at attractive prices which have sustainable competitive advantages which translate into returns on capital in excess of their cost of capital for a sustained period of time. The manager will endeavour to acquire these companies at a discount to its assessment of the intrinsic value of the companies. The portfolio will consist of 20 to 40 investments. This option does not hedge currency risk.

Risk Level

6 - High

Inception Date
August 2004

Investment Guidelines

Cash
— 0-20%
Australian and international shares
— 80-100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 7.31% 4.04% 14.23% 8.48% 10.92% 3.62% 4.09%

Magellan Infrastructure Fund (UF5B) 1.2500

Investment Manager

Magellan Asset Management Limited

Suggested Length of Investment

7 Years

Objective

The primary objective is to achieve attractive risk adjusted returns over the medium to long term, while reducing the risk of permanent capital loss.

Investment Approach

Primarily invests in the securities of companies listed on stock exchanges around the world, but will also have some exposure to cash and cash equivalents. The manager can use foreign exchange contracts to facilitate settlement of stock purchases and to mitigate currency risk on specific investments within the portfolio. It is the manager’s intention to substantially hedge the capital component of the foreign currency exposure of the portfolio arising from investments in overseas markets back to Australian Dollars

Risk Level

6 - High

Inception Date
September 2014

Investment Guidelines

Cash
— 0-20%
Australian and international shares
— 80-100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 1.75% 2.14% 14.86% 7.74% n/a n/a 7.27%

MLC Horizon 4 Balanced Portfolio (UF22) 1.3751

Investment Manager

NAB Asset Management Services Limited

Suggested Length of Investment

5 Years

Objective

Aims to outperform the benchmark, before fees, over four-year periods. MLC aims to achieve this by actively managing the fund. This includes changing the fund’s asset allocation to reduce risk if market risk is high. As a result of reducing the allocation to higher risk assets, there may be smaller losses than the benchmark in weak or falling markets and potentially lower returns than the benchmark in strong markets.

Investment Approach

The Fund has a strong bias to growth assets and some exposure to defensive assets. The manager actively manages the allocations to these assets within defined ranges, in accordance with its changing view of risk and opportunities in investment markets. The fund is broadly diversified across asset classes and investment managers from around the world. These managers invest in many companies and securities in Australia and overseas.

Risk Level

6 - High

Inception Date
May 2008

Investment Guidelines

Cash
— 0-10%
Fixed interest
— 5-55%
Australian shares
— 20-45%
International shares
— 10-40%
Property
— 0-15%
Other
— 0-30%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 3.54% 3.16% 8.57% 4.58% 6.61% n/a 3.35%

MLC Wholesale IncomeBuilderTM (UF23) 1.5567

Investment Manager

NAB Asset Management Services Limited

Suggested Length of Investment

7 Years

Objective

Aims to provide an income stream (excluding capital gains) that grows each year, by investing primarily in Australian shares.

Investment Approach

Targets an absolute return over time, by investing in a global, diversified portfolio of predominantly investment grade fixed income securities, according to the manager’s global macroeconomic and market views. Invests primarily in Australian companies that have the potential to provide future growth in dividends. Expected to generate taxeffective returns by investing in companies expected to have high franking levels and by carefully managing the realisation of capital gains.

Risk Level

6 - High

Inception Date
December 2010

Investment Guidelines

Australian shares
— 100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 3.24% 2.01% 7.20% 4.36% 7.66% n/a 6.36%

MLC Wholesale Property Securities Fund (UF05) 1.6669

Investment manager

NAB Asset Management Services Limited

Suggested Length of Investment

7 Years

Objective

Aims to outperform the S&P/ASX 300 A-REIT Accumulation Index, before fees, over five-year periods

Investment Approach

Invests primarily in Australian property securities, including listed real estate investment trusts and companies across most major listed property sectors. Does not normally invest in direct property, but may have some exposure to property securities listed outside of Australia from time to time.

Risk Level

6 - High

Inception Date
August 2004

Investment Guidelines

Australian property
— 85-100%
International property
— 0-15%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 5.61% 2.70% 9.52% 8.53% 9.03% 1.20% 3.70%

Mutual 50 Leaders Australian Shares Fund (UF14) 2.0837

Investment Manager

Mutual Limited

Suggested Length of Investment

5 Years

Objective

Aims to achieve a return greater than the return of the S&P/ASX 300 Accumulation Index plus 2% per annum, before tax, but after fees and expenses, over rolling three-year periods.

Investment Approach

Invests in equity securities which are listed or expected to list on an Australian exchange and is suitable for investors who are seeking long term capital growth and are prepared to hold their investment for at least five years.

Risk Level

6 - High

Inception Date
August 2004

Investment Guidelines

Cash
— 0-20%
Australian shares
— 80-100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 2.78% 2.17% 8.35% 2.45% 6.31% 1.69% 5.61%

Mutual ADI/Bank Securities (UF14B) 1.0526

Investment Manager

Mutual Limited

Suggested Length of Investment

1 Year

Objective

To outperform (before tax and fees) the Bloomberg AusBond Bank Bill Index1 and achieve returns superior to cash management trusts.

Investment Approach

Actively manage a portfolio of low risk debt products and securities (including term deposits) on offer by Australian authorised deposit-taking institutions with a bias (minimum 60%) toward those issued by the four major Australian banks.

Risk Level

2 - Low

Inception Date
September 2014

Investment Guidelines

Cash
— 0-20%
Australian fixed interest
— 0-100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 0.42% 0.94% 2.05% 1.69% n/a n/a 1.58%

Perpetual Wholesale Australian Share Fund (UF15) 1.7480

Investment Manager

Perpetual Investments

Suggested Length of Investment

5 Years

Objective

Aims to provide long-term capital growth and regular income through investment in quality industrial and resource shares and to outperform the S&P/ASX 300 Accumulation Index (before fees and taxes) over rolling three-year periods.

Investment Approach

The manager researches companies of all sizes using consistent share selection criteria. The priority is to select those companies that represent the best investment quality and are appropriately priced. In determining investment quality, investments are carefully selected on the basis of four key investment criteria: conservative debt levels, sound management, quality business and recurring earnings. Derivatives may be used in managing the fund. The fund invests primarily in Australian listed, or soon to be listed, shares but may have up to 20% exposure to stocks outside Australia. Currency hedges may be used from time to time.

Risk Level

6 - High

Inception Date
March 2006

Investment Guidelines

Cash
— 0-10%
Australian shares
— 90-100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 6.53% 6.35% 15.71% 4.17% 7.45% 3.69% 4.78%

Perpetual Wholesale Balanced Growth Fund (UF19) 1.4688

Investment Manager

Perpetual Investments

Suggested Length of Investment

5 Years

Objective

Aims to provide long-term capital growth and income through investment in a diversified portfolio with an emphasis on Australian and international share investments and to outperform a composite benchmark (before fees and taxes) reflecting its allocation to the various asset types over rolling threeyear periods.

Investment Approach

Invests in a diverse mix of growth, defensive and other assets, with a focus on Australian and international shares. Tactical asset allocation strategies may be applied, which involves the fund adjusting its exposure to asset classes on a regular basis within the investment guidelines. Currency hedges may be used from time to time. Derivatives and exchange traded funds may be used in managing each asset class.

Risk Level

6 - High

Inception Date
March 2006

Investment Guidelines

Cash
— 0-30%
Fixed interest
— 0-35%
Australian shares
— 10-50%
International shares
— 10-50%
Property
— 0-15%
Other
— 0-30%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 3.51% 2.85% 6.97% 3.78% 6.48% 3.16% 3.29%

Perpetual Wholesale Conservative Growth (UF26) 1.0028

Investment Manager

Perpetual Investments

Suggested Length of Investment

3 Years

Objective

Aims to provide moderate growth over the medium term and income through investment in a diversified portfolio with an emphasis on cash, enhanced cash and fixed income securities and to outperform a composite benchmark (before fees and taxes) reflecting its allocation to the various asset types over rolling three-year periods.

Investment Approach

Invests in a diverse mix of growth, defensive and other assets, with a focus on cash, enhanced cash and fixed income securities. Tactical asset allocation strategies may be applied, which involves the fund adjusting its exposure to asset classes on a regular basis within the investment guidelines. Currency hedges may be used from time to time. Derivatives and exchange traded funds may be used in managing each asset class.

Risk Level

3 - Low to Medium

Inception Date
December 2017

Investment Guidelines

Cash
— 15-55%
Fixed interest
— 15-55%
Australian shares
— 0-25%
International shares
— 0-20%
Property
— 0-10%
Other
— 0-30%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 n/a n/a n/a n/a n/a n/a n/a

Perpetual Wholesale Ethical SRI Fund (UF21) 2.0647

Investment Manager

Perpetual Investments

Suggested Length of Investment

5 Years

Objective

Aims to provide long-term capital growth and regular income through investment in quality shares of socially responsible companies and to outperform the S&P/ ASX 300 Accumulation Index (before fees and taxes) over rolling three-year periods.

Investment Approach

Actively manage a portfolio of low risk debt products and securities (including term deposits) on offer by Australian authorised deposit-taking institutions with a bias (minimum 60%) toward those issued by the four major Australian banks. The manager researches companies of all sizes using consistent share selection criteria. The priority is to select those companies that represent the best investment quality and are appropriately priced. In determining investment quality, investments are carefully selected on the basis of four key investment criteria: conservative debt levels, sound management, quality business and recurring earnings. The manager utilises a strategy for screening ethical and socially responsible investments. Derivatives may be used in managing the fund. The fund invests primarily in Australian listed, or soon to be listed, shares but may have up to 20% exposure to stocks outside Australia.

Risk Level

6 - High

Inception Date
May 2008

Investment Guidelines

Cash
— 0-10%
Australian shares
— 90-100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 3.67% 3.96% 5.59% 6.91% 9.78% n/a 7.76%

Perpetual Wholesale Geared Australian Share Fund (UF16) 1.9525

Investment Manager

Perpetual Investments

Suggested Length of Investment

7 Years

Objective

Aims to enhance long-term capital growth through borrowing (gearing) to invest in quality industrial and resource shares and to outperform the S&P/ASX 300 Accumulation Index (before fees and taxes) over rolling three-year periods.

Investment Approach

The manager researches companies of all sizes using consistent share selection criteria. The manager’s priority is to select those companies that represent the best investment quality and are appropriately priced. In determining investment quality, investments are carefully selected on the basis of four key investment criteria: conservative debt levels, sound management, quality business and recurring earnings. The fund invests primarily in Australian listed, or soon to be listed, shares but may have up to 20% exposure to stocks outside Australia. Derivatives may be used in managing the fund, including for gearing purposes.

Risk Level

7 - Very High

Inception Date
January 2006

Investment Guidelines

Cash
— 0-10%
Australian shares
— 90-100%
Gearing level
— 0-60%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 14.73% 14.02% 27.63% 6.38% 15.59% 3.51% 5.59%

Perpetual Wholesale Industrial Share Fund (UF20) 1.6925

Investment Manager

Perpetual Investments

Suggested Length of Investment

5 Years

Objective

Aims to provide long-term capital growth and regular income through investment in quality industrial shares and to outperform the S&P/ASX 300 Industrials Accumulation Index (before fees and taxes) over rolling three-year periods.

Investment Approach

The manager researches companies of all sizes using consistent share selection criteria. The priority is to select those companies that represent the best investment quality and are appropriately priced. In determining investment quality, investments are carefully selected on the basis of four key investment criteria: conservative debt levels, sound management, quality business and recurring earnings. Derivatives may be used in managing the fund. The fund invests primarily in Australian listed, or soon to be listed, shares but may have up to 10% exposure to stocks outside Australia.

Risk Level

6 - High

Inception Date
May 2008

Investment Guidelines

Cash
— 0-10%
Australian shares
— 90-100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 5.20% 4.27% 13.93% 4.45% 8.49% n/a 5.49%

Perpetual Wholesale International Share Fund (UF17) 1.4196

Investment Manager

Perpetual Investments

Suggested Length of Investment

5 Years

Objective

Aims to provide long-term capital growth and regular income through investment in quality industrial shares and to outperform the S&P/ASX 300 Industrials Accumulation Index (before fees and taxes) over rolling three-year periods.

Investment Approach

The manager researches companies of all sizes using consistent share selection criteria. The priority is to select those companies that represent the best investment quality and are appropriately priced. In determining investment quality, investments are carefully selected on the basis of four key investment criteria: conservative debt levels, sound management, quality business and recurring earnings. Derivatives may be used in managing the fund. The fund invests primarily in Australian listed, or soon to be listed, shares but may have up to 10% exposure to stocks outside Australia.

Risk Level

6 - High

Inception Date
January 2006

Investment Guidelines

Cash
— 0-10%
Australian shares
— 90-100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 6.14% 4.73% 15.33% 8.39% 12.84% 3.55% 2.98%

PIMCO Wholesale Australian Bond Fund (UF02) 1.5140

Investment Manager

PIMCO

Suggested Length of Investment

5 Years

Objective

To achieve maximum total return by investing in fixed interest securities predominantly denominated in Australian or New Zealand currencies, and to seek to preserve capital through prudent investment management.

Investment Approach

Primarily invests in government, semigovernment, corporate, mortgage and other fixed interest securities denominated in Australian and New Zealand dollars, provided at all times that such exposure is hedged back to the Australian dollar.

Risk Level

4 - Medium

Inception Date
August 2004

Investment Guidelines

Cash
— 0-100%
Australian fixed interest
— 0-100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 1.03% 0.30% 1.93% 1.86% 2.11% 3.42% 3.18%

PIMCO Wholesale Global Bond Fund (UF04) 1.3107

Investment Manager

PIMCO

Suggested Length of Investment

5 Years

Objective

Seeks to achieve maximum total return by investing in global fixed interest securities, and to seek to preserve capital through prudent investment management.

Investment Approach

The manager applies a wide range of diverse strategies including duration analysis, credit analysis, relative value analysis, sector allocation and individual security selection. The investment strategy emphasises active decision making with a long-term focus and seeks to avoid extreme swings in duration with a view to creating a steady stream of returns. The fund may invest in derivatives to gain or reduce exposure to relevant markets and to manage investment risk and it aims to hedge currency risk.

Risk Level

4 - Medium

Inception Date
August 2004

Investment Guidelines

Cash
— 0-100%
International fixed interest
— 0-100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 0.05% 0.91% 3.09% 2.66% 2.78% 1.78% 2.04%

Schroders Credit Securities Fund (UF13) 1.2748

Investment Manager

Schroders

Suggested Length of Investment

3 Years

Objective

Outperform the RBA Cash Rate after fees over the medium term.

Investment Approach

An active, absolute return strategy that invests in a range of domestic and international fixed income securities. The full spectrum of available securities, including non-investment grade, may be utilised. With a focus on managing downside risk, the Fund has the flexibility to invest in cash and other debt securities (such as government bonds) to help preserve capital during downturns in the credit cycle. The Fund may also use derivatives and active currency management as part of the overall investment strategy to create a well-diversified portfolio with the potential to deliver consistent returns above cash and term deposits but with less risk and volatility than the equity market.

Risk Level

4 - Medium

Inception Date
August 2004

Investment Guidelines

Australian investment grade
— 0-100%
International investment grade
— 0-100%
Australian high yield 2
— 0-40%
International high yield 2
— 0-30%
Cash and cash equivalents
— 0-100%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 0.29% 0.42% 1.73% 1.30% 2.38% 0.19% 1.83%

Vanguard Diversified Conservative Index Fund (UF12C) 1.0307

Investment Manager

Vanguard Investments

Suggested Length of Investment

3 Years

Objective

Seeks to match the weighted average return of the target indexes of each of the underlying manager’s index funds in which it invests, before taking into account fees and expenses.

Investment Approach

The strategic allocation reflects a 30% allocation to growth assets and a 70% allocation to income assets.

Risk Level

3 - Low to Medium

Inception Date
August 2016

Investment Guidelines

Cash
— 8-12%
Australian fixed interest
— 16-20%
International fixed interest
— 40-44%
Australian shares
— 10-14%
International shares
— 10-26%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 1.81% 1.65% 4.33% n/a n/a n/a 2.17%

Vanguard Diversified Growth Index Fund (UF12D) 1.0883

Investment Manager

Vanguard Investments

Suggested Length of Investment

5 Years

Objective

Seeks to track the weighted average return of the various indices of the underlying funds invested in, in proportion to its strategic asset allocation, before taking into account fees, expenses, and tax.

Investment Approach

The strategic allocation reflects a 70% allocation to growth assets and a 30% allocation to income assets.

Risk Level

6 - High

Inception Date
August 2016

Investment Guidelines

Cash
— 0%
Australian fixed interest
— 7-11%
International fixed interest
— 19-23%
Australian shares
— 26-30%
International shares
— 34-50%

Performance as at: 3 months 6 months 1 year 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
30 November 2017 4.16% 3.83% 9.22% n/a n/a n/a 5.80%
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