MLC Horizon 5. The growth portfolio. MLC Investments. MLC Horizon. MLC Horizon. MLC Horizon. MLC Horizon. MLC Horizon

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "MLC Horizon 5. The growth portfolio. MLC Investments. MLC Horizon. MLC Horizon. MLC Horizon. MLC Horizon. MLC Horizon"

Transcription

1 MLC Investments 5 The growth portfolio 85% Growth assets 1 shares, private markets, property securities, long-term absolute return strategy 15% Debt securities 1 nominal bonds, inflation linked securities, high yield debt, alternative debt, cash high 7 the growth portfolio the balanced portfolio the conservative growth portfolio the income / capital stable portfolio the bond portfolio low potential volatility / potential return 1 Based on strategic asset allocation as at 30 June Asset classes shown in faded colour do not have an allocation in this portfolio.

2 MLC s investment process Successful investing involves a logical and timeless investment philosophy, or set of beliefs. MLC believes: The best way to grow wealth is to use exceptional investment management with the skills, resources and research to build excellent portfolios. Sensible diversification across investment strategies, assets and investment managers leads to more consistent investment outcomes. A long-term approach should be used to achieve long-term financial goals. Reacting to short-term market movements is usually wealth destroying. Extensive research is the only reliable way to identify exceptional investment managers and build robust strategies. Brand and past performance are unreliable predictors of future performance. Efficient implementation reduces the costs of running a portfolio. Page 01 These beliefs are applied by MLC s team of investment professionals to create the four key elements of MLC s investment process: 1. A long-term approach to investment strategy Reacting to short-term market movements is usually wealth destroying, so MLC is disciplined in applying a long-term view in its decision-making process. Even though longer-term trends are far more predictable, there is still a great deal of uncertainty. We can t be sure what the future holds. We recognise this uncertainty by factoring it into the investment process. This is done by testing how the portfolios perform in a range of potential futures or scenarios. 2. Selecting excellent investment managers An exceptional investment manager will have a clear set of investment beliefs that MLC considers to be sound. For many markets, MLC believes that deep and disciplined research of individual securities can generate superior outcomes. For this reason MLC focuses its research on identifying investment managers that have a bottom-up philosophy. This involves constructing investment portfolios out of securities that are anticipated to perform well. MLC looks for investment managers that have a competitive edge, clearly articulated investment beliefs, an appropriate investment approach and sufficient resources to implement this approach. 3. Combining different investment managers MLC invests across many investment managers, each generating a different pattern of returns over a range of economic and market conditions. By carefully combining several investment managers with different insights, MLC is able to generate more consistent performance than would be possible with a small number of investment managers. This enables MLC to ask its appointed investment managers to construct customised portfolios reflecting their best ideas. This allows them to be the best they can be for MLC s clients. 4. Implementing portfolios efficiently Great investment ideas can only result in great outcomes if they are efficiently implemented. MLC s size enables it to finance a well-resourced and experienced team of specialists backed by processes and structures to ensure that movements of cash and investments are carefully managed to reduce market impact, transactions costs and taxes.

3 The Series The ready-to-invest portfolio solution from MLC A complete range of portfolios 5 the portfolio you need to achieve your goals high There s no such thing as one size fits all when it comes to investing. MLC has developed the Series to fit the timeframes, return expectations and tolerance for market volatility of a range of very different investors. The Series portfolios, based on MLC s investment process, are the simplest and most reliable way for you and your financial adviser to implement your financial plan. And between now and when you reach your goals, it may be the only portfolio indeed the only investment you ever need! Your financial adviser can help you identify which portfolio, with its particular combination of assets, best fits your circumstances and financial and lifestyle goals. And if your goals and circumstances change, you have the flexibility to switch your investment to another portfolio, or any other investment. 5 is a complete diversified portfolio. With 85% invested in growth assets (primarily global and Australian shares), and 15% in debt securities 2, 5 is designed to provide growth over the long term. However, with the potential for higher returns comes the potential for higher volatility. Your money is managed by a selection of world-class specialist investment managers and strategically diversified in every asset class (shares, property, private markets and debt securities) across a vast range of investments, markets, regions and investment styles. 2 Based on the strategic asset allocation as at 30 June the accelerated growth portfolio the share portfolio the growth portfolio the balanced portfolio the conservative growth portfolio the income / capital stable portfolio potential volatility / potential return the bond portfolio 1 low Page 02

4 Three-dimensional diversification All-maturity debt securities $13,500 Diversification across asset classes Various asset classes shares, private markets, property, debt securities and cash perform differently under different economic and market conditions. When you select 5, you choose a portfolio diversified across global and, global property securities, private markets 3 and a long-term absolute return strategy. This portfolio captures the benefits of potentially higher long-term returns from these asset classes. Your small allocation to debt securities diversifies the sources of your returns while helping to preserve the value of your investment above inflation. Where is your money invested? invested in MLC Horizon 5 the growth portfolio (as at 30 June 2008). Diversifying your portfolio helps reduce the volatility of investment returns. Your MLC Horizon 5 portfolio is diversified at many different levels. $35,000 Global shares hedged $16,000 4 Global alternative debt $1,500 Global property securities $3,000 Global private markets $6,000 3 Long-term absolute return strategy $3,000 5 Global shares unhedged $22,000 4 Page 03 3 The private markets allocation applies only to MLC MasterKey superannuation and pension products. For more information, refer to the back page. 4 The global share exposure has been split into two components. One component is passively hedged back to the Australian dollar via a passive currency overlay managed by Bridgewater, State Street and JP Morgan Asset Management. The second component is unhedged. 5 For information on this strategy, refer to the back page. 6 State Street manages the currency exposure.

5 Three-dimensional diversification Diversification across investment managers MLC is not an investment manager. MLC has a dedicated team of in-house professionals constantly researching, monitoring and managing a combination of the world s specialist investment managers. Every investment manager MLC appoints has a clearly defined investment style and a discernible competitive edge. As we are continually reviewing the investment management companies we choose, the choice of our specialist investment managers can be changed at any time without prior notice to you. You can find the latest information about our investment managers at mlc.com.au The line-up of managers shown here is current as at 30 June The investment managers selected for 5 can be seen in the pie chart. Alliance Global shares Goldman Sachs JBWere Commodities Oaktree Global high yield debt, global bank loans Balanced JF Capital PIMCO Global diversified debt, global real return strategy Bernstein Global shares BlackRock Global nominal bonds JP Morgan Currency management LaSalle Global property securities Bridgewater Global real return strategy, currency management, alpha Lazard Capital International Global shares, emerging market shares Maple-Brown Abbott Challenger Australian property securities Morgan Stanley Global property securities Concord National Specialist Investment Management (NSIM) Australian nominal bonds, Australian inflation linked securities, cash Contango Dimensional, global shares Fortis Global shares Nephila Insurance related investments Northcape Northward Capital Note: Additional investment managers may also be appointed to manage cash investments. Page 04 Resolution Capital Australian and global property securities State Street Currency management UBS Australian nominal bonds, Australian inflation linked securities Vanguard Wallara Walter Scott & Partners Global shares Wellington Management Global shares W.R. Huff Global high yield debt

6 Three-dimensional diversification Diversification within asset classes The 5 portfolio is also diversified across a wide range of countries, currencies, markets and securities. MLC s global approach to investing ensures that your portfolio is not concentrated in a particular region or market, which helps reduce the impact of a regional or market downturn. Efficient implementation Having determined the investment strategy for 5, MLC works hard to ensure that this strategy is efficiently implemented through time. Even if the best investment managers are selected, there is potential for a substantial loss of return if a portfolio is not implemented efficiently. Efficient implementation includes minimising unnecessary transaction costs and tax associated with maintaining underlying asset and manager weightings, as well as changing investment managers. MLC has a team of investment professionals dedicated to this task. Page 05 All-maturity debt securities $13,500 Global nominal bonds BlackRock $1,620 Australian nominal bonds NSIM $1,620 Australian nominal bonds UBS $1,620 Australian inflation linked securities NSIM $2,110 Australian inflation linked securities UBS $1,130 Global high yield debt Oaktree $540 Global high yield debt W.R. Huff $540 6 Global real return strategy Bridgewater $2,160 Global real return strategy PIMCO $2,160 Global alternative debt $1,500 Global bank loans Oaktree $1,500 6 Global property securities $3,000 6 LaSalle $1,200 Morgan Stanley $1,200 Resolution Capital $600 Global private markets $6,000 3, 6 Multi-manager approach $6,000 Long-term absolute return strategy $3,000 5 Multi-manager, multi-strategy approach $3,000 $35,000 Balanced $3,500 Concord $1,750 Contango $3,500 Dimensional $3,500 JF Capital $3,500 Lazard $5,250 Maple-Brown Abbott $5,250 Northcape $3,500 Northward Capital $1,750 Wallara $3,500 Global shares unhedged $22,000 4 Global shares hedged $16,000 4 Alliance $5,700 Bernstein $6,460 Capital International $6,840 Dimensional $3,800 Fortis $4,560 Walter Scott $6,080 Wellington Management $4,560 $35,000 3 The private markets allocation applies only to MLC MasterKey superannuation and pension products. For more information, refer to the back page. 4 The global share exposure has been split into two components. One component is passively hedged back to the Australian dollar via a passive currency overlay managed by Bridgewater, State Street and JP Morgan Asset Management. The second component is unhedged. 5 For information on this strategy, refer to the back page. 6 State Street manages the currency exposure. Global shares unhedged $22,000 4 All-maturity debt securities $13,500 Global shares hedged $16,000 4 Global alternative debt $1,500 Global property securities $3,000 Global private markets $6,000 3 Long-term absolute return strategy $3,000 5

7 The performance you need to reach your goals The portfolio has done well in the past, more than keeping pace with inflation... Here you can see the value of invested in MLC Horizon 5 since the portfolio commenced in 1993 to 31 May The actual value is the dark line. The light line shows how much more the investment has grown compared to prices of everyday goods and services (ie inflation). This result was achieved despite a number of major events impacting investment markets over this time. Overall, investment markets have performed strongly for the period shown in this graph. And as you know, the future is subject to a lot of uncertainty. So planning for future returns from your portfolio should be realistic and not just based on the recent past. $350,000 $250,000 $150,000 $50,000 $ Bond market sell-off 1995 Asian currency crisis Global tech bubble peak September Nominal value Real value 2005 Global credit crisis May however, the future may not be the same... MLC s expectations for the future are calculated by considering the last 100 years of market returns and many other possible market performance scenarios. The graph below shows the range of potential future values of a investment in the 5 portfolio, based on MLC s current expectations. 90% of all potential future values are shown in the bars, which exclude the very extreme market events which would be either above or below the bars. The grey line represents the middle value of potential future values. $350,000 The graph shows that in the long run your investment has the potential to grow substantially. However, investment markets also have the potential to go through long periods of weak performance which could result in your portfolio losing value, even $50,000 over a period of several years. When selecting Nominal value your Real value investment, $0 you need to be aware of all possible outcomes, and not just those over recent history. May $250,000 $150,000 $800,000 $700,000 $600,000 $500,000 $ Bond market sell-off Asian currency crisis 1999 Global tech bubble peak 2001 Range of potential future values Middle of potential future values Years September 11 Global credit crisis and short-term returns can be misleading $350,000 The graph below shows 5 s range of average returns, between the highest and lowest, over various time periods since the portfolio commenced in $250,000 $150,000 As you can see, the returns fluctuate much Nominal more valueover Real value shorter time periods. Over longer periods of time, you can $0 see that much of the volatility declines (as the different May returns 1993 offset 1995 one 1997another), and over 2003 the 2005 long 2007 term, 2008there is little volatility left. So the longer the period you measure your Range of potential future values returns over, the less they fluctuate. $50,000 $800,000 $700,000 While it s not always easy to ignore what is happening to your investment each day, month % or year, you should 1 2 understand that you will face volatility 25 in the short term and monitor your progress against your long-term goals. $600,000 $500,000 $0 40% 30% 20% 10% 0% -10% -20% -30% Bond market sell-off Asian currency crisis Middle of potential future values Years Years Global tech bubble peak Claims experience Age at entry Source: Range of returns 1. Age at entry by policy for inforce business Average annualised compound 2. Claims Statistics returns Analysis Lump Sum Oct September 11 Global credit crisis $800,000 $700,000 $600,000 $500,000 Range of potential future values Middle of potential future values 7 7 The 40% middle value (or median) is below the centre of the range of potential future values. It is calculated as the middle value of all the values ranked 30% from highest to lowest. 20% 10% 0% -10% Note: Returns are based on MLC MasterKey Unit Trust as at 31 May Page 06

8 MLC Investments Long-term absolute return strategy An investment strategy which is solely focused on generating long-term growth and will therefore often invest in ways that are quite different from the rest of the market. Private markets Assets, such as private companies, that cannot be traded on listed markets, and are generally therefore illiquid (that is, they take longer to buy and sell than investments available through listed markets) and held for several years. The actual allocation to private markets may be different from that shown, as building a diversified global private markets portfolio can take time and the availability of suitable investments tends to fluctuate. To ensure the portfolio is fully invested, any amounts not invested are allocated to global shares with foreign currency exposures hedged to the Australian dollar. Consistent with other asset classes, MLC uses a multi manager approach to manage global private markets assets. The number of investment managers and/or investments in this asset class will be relatively large and vary over time, as the private markets portfolio evolves and matures. As at 30 June 2008, MLC used 40 investment managers investing funds across the United States, Europe, Asia and Australia. The private markets target allocation for 5 applies only to MLC MasterKey superannuation and pension products. Adverse tax impacts result in a lower after-tax return in ordinary money products (ie MLC MasterKey Unit Trust, MLC MasterKey Investment Service and MLC Wholesale funds), which therefore have a nil allocation to private markets. What are debt securities? Most of us think of the word debt as borrowings from a financial institution, which are repaid with interest. To an investor, however, it can mean something different. You can now imitate financial institutions by taking on the role of lender to a vast range of governments and companies all over the world, because when you invest in debt securities, you are actually lending money, with interest being part of your return. Debt securities include a multitude of different types of assets including: Nominal bonds (sometimes called fixed interest) generally have a maturity of greater than one year from the date they are issued. They are usually issued by governments and corporations. Inflation linked securities have values linked to changes in inflation, and provide a degree of protection against the erosion of purchasing power due to inflation. High yield debt is generally issued by companies that have a credit rating below investment grade. They usually pay higher rates of interest than more creditworthy securities because they have a higher risk of default. Real return strategies aim to deliver a return greater than inflation. The investment manager can invest in a number of different asset classes. Diversified debt strategies are managed by an investment manager with the flexibility to invest in a wide range of different types of debt securities. Alternative debt is an opportunistic investment which was invested in global bank loans at 30 June Depending on the prevailing market environment for debt securities, MLC may make other opportunistic investments of this kind, where we regard the expected return truly outweighs the expected risks. If no opportunities exist, amounts not invested will be held in the existing debt securities strategy. This applies to MasterKey super and pension products only. Changes to interest rates affect returns from debt securities. Generally, debt securities with a shorter period until they mature (or are repaid) are less affected by changes in interest rates, and therefore have lower volatility in returns, than all-maturity debt securities. MLC has therefore tailored the exposure to short and all-maturity debt securities for each Series portfolio. As the lower Series portfolios (1, 2 and 3) have a greater focus on preserving their investment, they have a higher weighting to short-maturity debt securities. As Series portfolios 4 and 5 have a greater focus on maximising long term returns above inflation, and can usually tolerate the short-term volatility in returns, they have a higher weighting to all maturity debt securities. Important information This flyer is intended to provide general information only and has been prepared by MLC Limited ABN AFSL and MLC Investments Limited ABN AFSL RSE Licence No L , without taking into account any particular person s objectives, financial situation or needs. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain financial advice specific to their situation before making any financial investment or insurance decisions. MLC Limited and MLC Investments Limited, Miller Street, North Sydney NSW 2060, are members of the National Australia Bank (NAB) group of companies. MLC Investments Limited is the issuer of interests in each fund of the MLC Unit Trust and the MLC Investment Trust. MLC Nominees Pty Limited ABN AFSL RSE Licence No L is the issuer of The Universal Super Scheme RSE No R which offers MLC superannuation and pension products. Information about the Series is available in the current Product Disclosure Statement (PDS) or other disclosure document, copies of which are available upon request by phoning the Service Centre on or on our website at mlc.com.au. Persons should consider the relevant PDS in deciding whether to acquire, or to continue to hold, this product. Persons wishing to acquire an interest in this product must complete the application form attached to the relevant PDS. Past performance is not indicative of future performance. The value of an investment may rise or fall with changes in the market. None of National Australia Bank Limited ABN AFSL or any other member company in the NAB group of companies or appointed investment managers, guarantee the capital value or performance of any MLC product, other than MLC Cash Fund for MLC Superannuation and the Fixed Rate Funds and MLC Cash Fund for the MLC Allocated Pension, which are guaranteed by MLC Limited only MLC 06/09

MLC MasterKey Unit Trust Product Disclosure Statement (PDS)

MLC MasterKey Unit Trust Product Disclosure Statement (PDS) MLC MasterKey Unit Trust Product Disclosure Statement (PDS) Preparation date 1 July 2014 Issued by MLC Investments Limited (MLC) ABN 30 002 641 661 AFSL 230705 This information is general and doesn t take

More information

Strategy enhancement Change in MLC s fixed income strategies

Strategy enhancement Change in MLC s fixed income strategies Strategy enhancement Change in s fixed income strategies May 2015 We ve added two new managers to our global absolute return strategy and capitalised on the strong performance from our global mortgages

More information

FirstChoice. Investment Options Menu. Investments Personal Super Pension

FirstChoice. Investment Options Menu. Investments Personal Super Pension FirstChoice Investment Options Menu Investments Personal Super Pension Issue No 2013/1, dated 11 June 2013 Issued by: Colonial First State Investments Limited ABN 98 002 348 352 AFS Licence 232468 This

More information

1 JULY 2015. Investment Guide INDUSTRY, CORPORATE AND PERSONAL DIVISIONS

1 JULY 2015. Investment Guide INDUSTRY, CORPORATE AND PERSONAL DIVISIONS 1 JULY 2015 Investment Guide INDUSTRY, CORPORATE AND PERSONAL DIVISIONS Your investment choice TWUSUPER was established in 1984 as the Industry SuperFund for people in transport and logistics. By understanding

More information

MLC Investment Trust Product Guide

MLC Investment Trust Product Guide MLC Investment Trust Product Guide Preparation date 1 July 2014 Issued by The Trustee, MLC Investments Limited ABN 30 002 641 661 AFSL 230705 The purpose of this guide is to give you the information you

More information

This guide contains important information about your NSF Super investment options.

This guide contains important information about your NSF Super investment options. Investment guide Personal Division This guide contains important information about your NSF Super investment options. You should read it to help you make an informed investment choice. Contents 1. Investment

More information

FirstChoice Employer Super

FirstChoice Employer Super FirstChoice Employer Super Investment Options Menu Issue No 2014/1, dated 19 May 2014 Issued by: Colonial First State Investments Limited ABN 98 002 348 352 AFS Licence 232468 MySuper Authorisation Identifier

More information

BT Investment Funds. Product Disclosure Statement. Dated 1 July 2013

BT Investment Funds. Product Disclosure Statement. Dated 1 July 2013 BT Investment Funds Product Disclosure Statement Dated 1 July 2013 We recommend that you read this Product Disclosure Statement (PDS) in full before making an investment decision. If you have not received

More information

FIRSTCHOICE INVESTMENT OPTIONS MENU

FIRSTCHOICE INVESTMENT OPTIONS MENU FIRSTCHOICE INVESTMENT OPTIONS MENU Investments Personal Super Pension Issue No 2015/1, dated 18 May 2015 Issued by: Colonial First State Investments Limited ABN 98 002 348 352 AFS Licence 232468 This

More information

FIDUCIAN TECHNOLOGY FUND

FIDUCIAN TECHNOLOGY FUND PRODUCT DISCLOSURE STATEMENT FIDUCIAN TECHNOLOGY FUND ARSN 093 544 337 2 MARCH 2015 This Product Disclosure Statement (PDS) provides a summary of significant information about the Fiducian Technology Fund

More information

AON MASTER TRUST. Introduction to investments. aonmastertrust.com.au

AON MASTER TRUST. Introduction to investments. aonmastertrust.com.au AON MASTER TRUST Introduction to investments aonmastertrust.com.au CONTENTS Risk versus return... 3 Asset classes... 4 Defensive and growth asset classes... 5 Asset class performance... 6 Managing risk...

More information

Your investment options explained

Your investment options explained Your investment options explained for the Plum Superannuation Fund Issued by the Trustee: PFS Nominees Pty Ltd ABN 16 082 026 480 AFSL 243357 Fund: Plum Superannuation Fund ABN 20 339 905 340 Administrator:

More information

Transaction costs (buy/sell spreads)

Transaction costs (buy/sell spreads) Transaction costs (buy/sell spreads) spreads) Effective from September 2015 Transaction costs, including brokerage, stamp duty, settlement and other costs, are incurred by a fund when buying and selling

More information

FIDUCIAN AUSTRALIAN SHARES FUND

FIDUCIAN AUSTRALIAN SHARES FUND PRODUCT DISCLOSURE STATEMENT FIDUCIAN AUSTRALIAN SHARES FUND ARSN 093 542 271 2 MARCH 2015 This Product Disclosure Statement (PDS) provides a summary of significant information about the Fiducian Australian

More information

Closed to new investors

Closed to new investors Managed Investment Funds Product Disclosure Statement A range of funds that allows you to create an investment portfolio that suits your individual needs This is a combined Financial Services Guide and

More information

Transaction costs (buy/sell spreads)

Transaction costs (buy/sell spreads) Transaction costs (buy/sell spreads) EFFECTIVE FROM DECEMBER 2013 Transaction costs, including brokerage, stamp duty, settlement and other costs, are incurred by a fund when buying and selling fund assets.

More information

Responsible Investment Leaders Funds

Responsible Investment Leaders Funds Responsible Investment Leaders Funds Product Disclosure Statement For investments through a master trust or wrap platform Issued: 11 March 2013 Issued by AMP Capital Funds Management Limited ABN 15 159

More information

Adviser Guide to the Select Multi-Asset Portfolios - Select Defensive and Select Growth Portfolios

Adviser Guide to the Select Multi-Asset Portfolios - Select Defensive and Select Growth Portfolios Adviser Guide to the Select Multi-Asset Portfolios - Select Defensive and Select Growth Portfolios Leading the way in multi-asset portfolios since 2002 Contents Why consider multi-asset portfolios? What

More information

Warringal Financial Services. Investment Philosophy Document

Warringal Financial Services. Investment Philosophy Document Warringal Financial Services Investment Philosophy Document Important Information This publication may contain general advice without taking into account any particular persons objectives, financial situation

More information

Managed funds. Plain Talk Library

Managed funds. Plain Talk Library Plain Talk Library Contents Introduction to managed funds 5 What is a managed fund and how does it work? 6 Types of managed funds 12 What are the benefits of managed funds? 15 Choosing a managed fund

More information

INVESTMENT. OneAnswer Investment Portfolio. (only available to investors who joined prior to 1 July 2013) Product Disclosure Statement Product Book

INVESTMENT. OneAnswer Investment Portfolio. (only available to investors who joined prior to 1 July 2013) Product Disclosure Statement Product Book INVESTMENT OneAnswer Investment Portfolio (only available to investors who joined prior to 1 July 2013) Product Disclosure Statement Product Book 1 July 2014 OneAnswer Investment Portfolio Entity details

More information

Dimensional Short Term Fixed Interest Trust

Dimensional Short Term Fixed Interest Trust Dimensional Short Term Fixed Interest Trust PRODUCT DISCLOSURE STATEMENT Issued by DFA Australia Limited ( Dimensional ) ABN 46 065 937 671 APIR DFA0100AU Australian Financial Services Licence number:

More information

Transaction costs (buy/sell spreads)

Transaction costs (buy/sell spreads) Transaction costs (buy/sell spreads) EFFECTIVE FROM NOVEMBER 2014 Transaction costs, including brokerage, stamp duty, settlement and other costs, are incurred by a fund when buying and selling fund assets.

More information

INVESTING YOUR SUPER. This document forms part of the NGS Super Member Guide (Product Disclosure Statement) dated 14 August 2015

INVESTING YOUR SUPER. This document forms part of the NGS Super Member Guide (Product Disclosure Statement) dated 14 August 2015 This document forms part of the NGS Super Member Guide (Product Disclosure Statement) dated 14 August 2015 INVESTING YOUR SUPER FACT SHEET 5 14 AUGUST 2015 NGS Super offers you flexibility and choice when

More information

OneAnswer. Investment Funds Guide

OneAnswer. Investment Funds Guide OneAnswer Investment Funds Guide July 0 Investment Portfolio The whole of this OneAnswer Investment Funds Guide forms Part Two of the Product Disclosure Statement (PDS) for: OneAnswer Frontier Investment

More information

Understanding investment concepts Version 5.0

Understanding investment concepts Version 5.0 Understanding investment concepts Version 5.0 This document provides some additional information about the investment concepts discussed in the SOA so that you can understand the benefits of the strategies

More information

JUMP TO. 1. Risks of superannuation 3. 2. How we invest your money 5. Russell iq Super Employer Division General Division 1 July 2015

JUMP TO. 1. Risks of superannuation 3. 2. How we invest your money 5. Russell iq Super Employer Division General Division 1 July 2015 Russell iq Super Employer Division General Division 1 July 2015 JUMP TO 1. Risks of superannuation 3 2. How we invest your money 5 The information in this document provides additional information to the

More information

PERPETUAL WEALTHFOCUS

PERPETUAL WEALTHFOCUS PERPETUAL WEALTHFOCUS Investment Book INVESTMENT BOOK Dated 17 April 2015 Issued by Perpetual Investment Management Limited ABN 18 000 866 535 AFSL 234426 Perpetual Superannuation Limited ABN 84 008 416

More information

Product Disclosure Statement

Product Disclosure Statement Product Disclosure Statement BT Wholesale Core Global Share Fund Issued 24 July 2015 Contents 1 About BT Investment Management (Fund Services) Limited 2 How the BT Wholesale Core Global Share Fund works

More information

Investing and your options

Investing and your options Issued 17 December ₂₀₁₅ Investing and your options AMP Flexible Super Fact sheet Registered trademark of AMP Limited ABN 49 79 354 519 This document is a fact sheet for AMP Flexible Super. The AMP Flexible

More information

Strategies for a more secure retirement

Strategies for a more secure retirement Investment insight February 2013 Jerome Bodisco Investment Research Strategist ThreeSixty As retirement approaches, protecting investments becomes more important than ever. One of the main financial risks

More information

Investment options and risk

Investment options and risk Investment options and risk Issued 1 November 2013 The information in this document forms part of the Product Disclosure Statement for the Commonwealth Superannuation Scheme (CSS), sixth edition, issued

More information

State Street Global Equity Fund ARSN 162 547 784 APIR SST0050AU

State Street Global Equity Fund ARSN 162 547 784 APIR SST0050AU Product Disclosure Statement State Street Global Equity Fund ARSN 162 547 784 APIR SST0050AU Issued 6 October 2015 by State Street Global Advisors, Australia Services Limited ABN 16 108 671 441, AFSL 274900

More information

Vanguard High Growth Index Fund

Vanguard High Growth Index Fund Product Disclosure Statement 28 August 2013 Vanguard High Growth Index Fund This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Ltd ABN 72 072 881 086 AFSL 227 263 (Vanguard,

More information

Your investment options explained for the Plum Superannuation Fund

Your investment options explained for the Plum Superannuation Fund Your investment options explained for the Plum Superannuation Fund Trustee: PFS Nominees Pty Ltd ABN 16 082 026 480 AFSL 243357 Fund: Plum Superannuation Fund ABN 20 339 905 340 Administrator: Plum Financial

More information

Investment Menu Retail Managed Accounts

Investment Menu Retail Managed Accounts Investment Menu Retail Managed Accounts IMPORTANT INFORMATION This Investment Menu is issued by Linear Asset Management Ltd (ABN 11 119 757 596, AFSL 304542) ( Responsible Entity we, our or us ), the responsible

More information

Investment Funds. Product Disclosure Statement

Investment Funds. Product Disclosure Statement Perpetual Select Investment Funds Product Disclosure Statement Product Disclosure Statement Issue number 6 dated 2 January 2014 Issued by Perpetual Investment Management Limited ABN 18 000 866 535 AFSL

More information

MLC MasterKey Investment Service Fundamentals

MLC MasterKey Investment Service Fundamentals Preparation date 3 March 2014 Issued by MLC Investments Limited (MLC) ABN 30 002 641 661 AFSL 230705 Preparation date 1 September 2015 Issued by MLC Investments Limited (MLC) ABN 30 002 641 661 AFSL 230705

More information

MERCER GLOBAL LOW VOLATILITY SHARES FUND Product Disclosure Statement

MERCER GLOBAL LOW VOLATILITY SHARES FUND Product Disclosure Statement MERCER GLOBAL LOW VOLATILITY SHARES FUND Product Disclosure Statement 1 June 2015 ARSN: 154 973 154 APIR: MIN0083AU Contents Page 1. About Mercer Investments (Australia) Limited 2 2. How the Mercer Global

More information

MERCER GLOBAL CREDIT FUND Product Disclosure Statement

MERCER GLOBAL CREDIT FUND Product Disclosure Statement MERCER GLOBAL CREDIT FUND Product Disclosure Statement 1 June 2015 ARSN: 141 046 282 APIR: MIN0032AU Contents Page 1. About Mercer Investments (Australia) Limited 2 2. How the Mercer Global Credit Fund

More information

Morningstar Core Equities Portfolio

Morningstar Core Equities Portfolio Morningstar Core Equities Portfolio Managed Portfolio Disclosure Document for members dated 29/02/2016. The Portfolio Manager is Morningstar Australasia Pty Limited (ABN 95 090 665 544, AFSL 240892). Issued

More information

Schroders Schroder Global Blend Fund

Schroders Schroder Global Blend Fund Schroders Schroder Global Blend Fund Product Disclosure Statement Issued 27 October 2014 Contact details Schroder Investment Management Australia Limited (ABN 22 000 443 274) (AFSL No: 226 473) Registered

More information

Preserve Wealth Harvest income Balance your Portfolio

Preserve Wealth Harvest income Balance your Portfolio Preserve Wealth Harvest income Balance your Portfolio L eaders in Yield and Income Our commitment to superior client service, and our consistent record of outperforming the major bond indices in both bull

More information

BT Investment Funds. Second Supplementary Product Disclosure Statement

BT Investment Funds. Second Supplementary Product Disclosure Statement BT Investment Funds Second Supplementary Product Disclosure Statement Dated: 1 July 2014 This is a Second Supplementary Product Disclosure Statement ( Second SPDS ) to the BT Investment Funds Product Disclosure

More information

Disclosure Document Morningstar High Growth Portfolio

Disclosure Document Morningstar High Growth Portfolio Disclosure Document Morningstar High Growth Portfolio Managed Portfolio Disclosure Document for investors investing through the IDPS operated by HUB24 Custodial Services Ltd (HUB24) dated 1 December 2015,

More information

Separately Managed Account Product Disclosure Statement

Separately Managed Account Product Disclosure Statement Separately Managed Account Product Disclosure Statement Preparation date 1 July 2014 Issued by Navigator Australia Limited (NAL) ABN 45 006 302 987 AFSL 236466 This information is general and doesn t take

More information

MERCER SUPER INVESTMENT TRUST

MERCER SUPER INVESTMENT TRUST MERCER SUPER INVESTMENT TRUST PRODUCT DISCLOSURE STATEMENT 21 AUGUST 2014 Issued by Mercer Investments (Australia) Limited (MIAL), ABN 66 008 612 397, Australian Financial Services Licence #244385, as

More information

OnePath investment solutions

OnePath investment solutions OnePath investment solutions Investing has evolved INVESTMENT About OnePath OnePath is one of Australia s leading providers of insurance, superannuation and investment solutions. We have been helping Australians

More information

Our managed funds products are issued by

Our managed funds products are issued by Our managed funds products are issued by 1 According to the Investment and Financial Services Association 1, Australia s first managed funds were introduced in 1954. Since then the industry has grown substantially

More information

Investment Philosophy

Investment Philosophy Investment Philosophy Our unique approach to investment management puts you at the heart of everything we do Wealth and Investment Management Discover a new side to your personality: your investment self

More information

Investment Options and Risk

Investment Options and Risk Investment Options and Risk Issued 1 July 2013 The information in this document forms part of the Product Disclosure Statement for the Military Superannuation and Benefits Scheme (MilitarySuper), third

More information

Product Update and Continuous Disclosure Notice: Changes to OneAnswer s OnePath Alternatives Growth fund

Product Update and Continuous Disclosure Notice: Changes to OneAnswer s OnePath Alternatives Growth fund Product Update and Continuous Disclosure Notice: Changes to OneAnswer s OnePath Alternatives Growth fund SEPTEMBER 0 SEPTEMBER 0 Due to GMO the underlying fund manager no longer accepting additional money,

More information

AMP Capital Investment Funds

AMP Capital Investment Funds AMP Capital Investment Funds Investment Statement Dated: 18 September 2015 Issued by AMP Investment Management (N.Z.) Limited Important information (The information in this section is required under the

More information

Macquarie SuperOptions Investment switching form

Macquarie SuperOptions Investment switching form Use this form to switch your investment options. Macquarie SuperOptions Investment switching form Macquarie Investment Management Limited ABN 66 002 867 003 AFSL 237 492 RSEL L0001281 Macquarie Superannuation

More information

INVESTING YOUR SUPER. IMPORTANT INFORMATION. 1 July 2015

INVESTING YOUR SUPER. IMPORTANT INFORMATION. 1 July 2015 YOUR INVESTING SUPER. 1 July 2015 IMPORTANT INFORMATION This information should be read in conjunction with the First Super Product Disclosure Statement (PDS) dated 1 July 2015. You should consider this

More information

Schroders Schroder Fixed Income Fund

Schroders Schroder Fixed Income Fund Schroders Schroder Fixed Income Fund Product Disclosure Statement Issued 31 March 2015 Contact details Schroder Investment Management Australia Limited (ABN 22 000 443 274) (AFSL No: 226 473) Registered

More information

MLC Navigator Access Investment Options Product Disclosure Statement

MLC Navigator Access Investment Options Product Disclosure Statement MLC Navigator Access Investment Options Product Disclosure Statement Preparation date 1 July 2014 Issued by Navigator Australia Limited (NAL) ABN 45 006 302 987 AFSL 236466 This information is general

More information

Dynamic Diversified Growth Fund

Dynamic Diversified Growth Fund Dynamic Diversified Growth Fund with BlackRock Investment Management (UK) Limited Customer Brochure BlackRock is a truly global firm that manages assets for clients in Europe, North and South America,

More information

STATE SUPER INVESTMENT FUND CLASS A

STATE SUPER INVESTMENT FUND CLASS A STATE SUPER INVESTMENT FUND CLASS A Product Disclosure Statement Date of Issue 1 July 2014 State Super Financial Services Australia Limited ABN 86 003 742 756 Australian Financial Services Licence No.

More information

part BT Business Super Part 1 Information booklet This Product Disclosure Statement (PDS) has 2 parts: Information to get you started

part BT Business Super Part 1 Information booklet This Product Disclosure Statement (PDS) has 2 parts: Information to get you started BT Business Super Part 1 Information booklet This Product Disclosure Statement (PDS) has 2 parts: Part 1 Information booklet Information to get you started Part 2 Insurance booklet Everything you need

More information

MLC Investment Management. Constructing Fixed Income Portfolios in a Low Interest Rate Environment. August 2010

MLC Investment Management. Constructing Fixed Income Portfolios in a Low Interest Rate Environment. August 2010 Constructing Fixed Income Portfolios in a Low Interest Rate Environment August 2010 Stuart Piper Portfolio Manager MLC Investment Management For Adviser Use Only 1 Important Information: This Information

More information

MLC Wrap Investment Series 2

MLC Wrap Investment Series 2 MLC Wrap Investments Series 2 Financial Services Guide Preparation date XX Preparation Month 2014 date 3 March 2014 Issued by The Trustee, Issued MLC Nominees by Navigator Pty Ltd Australia (MLC) Limited

More information

ADVANCE INTERNATIONAL SHARES MULTI-BLEND FUND Product Disclosure Statement (PDS)

ADVANCE INTERNATIONAL SHARES MULTI-BLEND FUND Product Disclosure Statement (PDS) ADVANCE INTERNATIONAL SHARES MULTI-BLEND FUND Product Disclosure Statement (PDS) Issued: 1 July 2015 ARSN 087 295 501 APIR ADV0053AU Contents 1. About Advance Asset Management Limited... 2 2. How the Fund

More information

Flexible Lifetime Super

Flexible Lifetime Super Issued ₁ July ₂₀₁₅ Flexible Lifetime Super Investment options fact sheet Registered trademark of AMP Life Limited ABN 84 79 3 379. This document is a fact sheet for the product disclosure statement (PDS)

More information

Magellan Global Fund. Product Disclosure Statement 16 June 2014. Contents. Contact Details ARSN 126 366 961 APIR MGE0001AU

Magellan Global Fund. Product Disclosure Statement 16 June 2014. Contents. Contact Details ARSN 126 366 961 APIR MGE0001AU Magellan Global Fund ARSN 126 366 961 APIR MGE0001AU Product Disclosure Statement 16 June 2014 Issued by Magellan Asset Management Limited ABN 31 120 593 946, AFS Licence No. 304 301 Contents 1. About

More information

Issued ₁ July ₂₀₁₅. AMP Growth Bond. Product disclosure statement. This document is issued by AMP Life Limited ABN 84 079 300 379, AFSL No. 233671.

Issued ₁ July ₂₀₁₅. AMP Growth Bond. Product disclosure statement. This document is issued by AMP Life Limited ABN 84 079 300 379, AFSL No. 233671. Issued ₁ July ₂₀₁₅ AMP Growth Bond Product disclosure statement This document is issued by AMP Life Limited ABN 84 079 300 379, AFSL No. 233671. Contents About the AMP Growth Bond Features at a glance

More information

PERPETUAL WHOLESALE FUNDS Supplementary Product Disclosure Statement

PERPETUAL WHOLESALE FUNDS Supplementary Product Disclosure Statement PERPETUAL WHOLESALE FUNDS Supplementary Product Disclosure Statement ABOUT THIS SUPPLEMENTARY PRODUCT DISCLOSURE STATEMENT This Supplementary Product Disclosure Statement number 1 (SPDS1) is to be read

More information

Your Window on Investing

Your Window on Investing Your Window on Investing Diversification Your Best Defence If you pay attention to the financial media, investment is all about shares. But the bond market is just as important. If shares are the sword

More information

For personal use only

For personal use only Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder To:Company Name/Scheme The Secretary Webjet Level 2 509 St Kilda Road Melbourne VIC 3004 Ph: (03) 9820 9214

More information

Your guide to what is included in the MLC MasterKey Business Super Product Disclosure Statement. MLC MasterKey Business Super Insurance Guide

Your guide to what is included in the MLC MasterKey Business Super Product Disclosure Statement. MLC MasterKey Business Super Insurance Guide MySuper Compliant Contents 1 About MLC MasterKey Business Super 1 2 How super works 2 3 Benefits of investing with MLC MasterKey Business Super 2 4 Risks of super 3 5 How we invest your money 3 6 Fees

More information

Home Insurance OneAnswer

Home Insurance OneAnswer Home Insurance OneAnswer Reach your financial goals sooner About OnePath OnePath is one of Australia s leading providers of wealth, insurance and advice solutions. We have been helping Australians grow

More information

Investment insight. Fixed income the what, when, where, why and how TABLE 1: DIFFERENT TYPES OF FIXED INCOME SECURITIES. What is fixed income?

Investment insight. Fixed income the what, when, where, why and how TABLE 1: DIFFERENT TYPES OF FIXED INCOME SECURITIES. What is fixed income? Fixed income investments make up a large proportion of the investment universe and can form a significant part of a diversified portfolio but investors are often much less familiar with how fixed income

More information

www.statewide.com.au/join

www.statewide.com.au/join How we invest your money Employer-sponsored and personal superannuation members. This document was prepared on 3 August 2015. The information in this document forms part of the Statewide product disclosure

More information

DFA INVESTMENT DIMENSIONS GROUP INC.

DFA INVESTMENT DIMENSIONS GROUP INC. PROSPECTUS February 28, 2015 Please carefully read the important information it contains before investing. DFA INVESTMENT DIMENSIONS GROUP INC. DFA ONE-YEAR FIXED INCOME PORTFOLIO Ticker: DFIHX DFA TWO-YEAR

More information

Sunsuper for life Investment guide

Sunsuper for life Investment guide Sunsuper for life Investment guide Identify your investor needs Learn more about Sunsuper's investment options Choose your super investment Preparation date: 9 June 2015 Issue date: 1 July 2015 How we

More information

A research study issued by the ASX and Russell Investments. Investing Report FULL REPORT / JUNE 2012

A research study issued by the ASX and Russell Investments. Investing Report FULL REPORT / JUNE 2012 A research study issued by the ASX and Russell Investments Long-Term Investing Report FULL REPORT / JUNE 2012 Helping everybody invest intelligently by offering a deeper insight into investment markets

More information

Bond Investing. Plain Talk Library

Bond Investing. Plain Talk Library Plain Talk Library Contents Introducing bonds 1 What is a bond? 1 Types of bonds 3 How do bonds work? 4 How interest rates affect bond prices 5 Investing in bonds 6 Bond credit ratings 9 What role do bonds

More information

ABC Investments Limited

ABC Investments Limited PRODUCT DISCLOSURE STATEMENT Published on 31 October 2013 ABC Investments Limited ABC Investment Trust This document gives you important information about this investment. It will help you decide whether

More information

UNDERSTANDING INVESTMENT RISK

UNDERSTANDING INVESTMENT RISK UNDERSTANDING INVESTMENT RISK Important information This information is of a general nature only and is not intended to constitute personal advice. It does not take into account your particular investment

More information

Sources of return for hedged global bond funds

Sources of return for hedged global bond funds Research commentary Sources of return for hedged global bond funds August 2012 Author Roger McIntosh Executive summary. The recent results in key bond market indices demonstrate the importance of a strategic,

More information

Separately Managed Account Product Disclosure Statement

Separately Managed Account Product Disclosure Statement Separately Managed Account Product Disclosure Statement Preparation date 1 May 2015 Issued by Navigator Australia Limited (NAL) ABN 45 006 302 987 AFSL 236466 This information is general and doesn t take

More information

Investment options and risk

Investment options and risk Investment options and risk Issued 1 July 2015 The information in this document forms part of the Product Disclosure Statement for the Public Sector Superannuation accumulation plan (PSSap), eighth edition,

More information

Enhancements to ING s diversified investment funds

Enhancements to ING s diversified investment funds Enhancements to ING s diversified investment funds Effective 1 November 2005 Our investment managers, ING Investment Management Limited (INGIM), recently conducted a review of ING s diversified investment

More information

INVESTMENT CHOICE GUIDE. For super and retirement income members. Investing for your future

INVESTMENT CHOICE GUIDE. For super and retirement income members. Investing for your future INVESTMENT CHOICE GUIDE For super and retirement income members Investing for your future Effective 30 May 2016 2 Everything we do at AustralianSuper is designed to help everyday Australians achieve their

More information

BT Balanced Equity Income Fund

BT Balanced Equity Income Fund BT Balanced Equity Income Fund Product Disclosure Statement (PDS) Issued 26 September 2012 Contents 1 About BT Investment Management (RE) Limited 2 How the BT Balanced Equity Income Fund works 3 Benefits

More information

BHP Billiton Superannuation Fund

BHP Billiton Superannuation Fund BHP Billiton Superannuation Fund Investment Menu Preparation date 11 May 2016 Issued by the Trustee PFS Nominees Pty Limited (Plum) ABN 16 082 026 480 AFSL 243357 The Fund BHP Billiton Superannuation Fund

More information

Investment choice. GESB Super and West State Super. Important note. ISSUE DATE: 1 July 2015 PREPARATION DATE: 26 June 2015

Investment choice. GESB Super and West State Super. Important note. ISSUE DATE: 1 July 2015 PREPARATION DATE: 26 June 2015 SUP E R ANNUATION Investment choice GESB Super and West State Super Important note The information in this document forms part of the Product Information Booklets for GESB Super and West State Super, each

More information

PROTECTING YOUR PORTFOLIO WITH BONDS

PROTECTING YOUR PORTFOLIO WITH BONDS Your Global Investment Authority PROTECTING YOUR PORTFOLIO WITH BONDS Bond strategies for an evolving market Market uncertainty has left many investors wondering how to protect their portfolios during

More information

Your investment options

Your investment options The information in this document forms part of the Australian Catholic Superannuation and Retirement Fund Superannuation Plan Product Disclosure Statement dated 1 January 2016. If you would like a hard

More information

Understanding investment concepts

Understanding investment concepts Version 4.2 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to. Important information This document has been published

More information

Managed Portfolio Service. Investment Statement 27 November 2015. for information only

Managed Portfolio Service. Investment Statement 27 November 2015. for information only Managed Portfolio Service Investment Statement 27 November 2015 This document is an Investment Statement for the purposes of the Securities Act 1978. Important information (The information in this section

More information

INVESTMENT OneAnswer Frontier Investment Portfolio

INVESTMENT OneAnswer Frontier Investment Portfolio INVESTMENT OneAnswer Frontier Investment Portfolio Product Disclosure Statement Product Book 1 July 2014 OneAnswer Frontier Investment Portfolio Entity details in this Product Disclosure Statement (PDS)

More information

AustChoice Super investment guide (ACH.01)

AustChoice Super investment guide (ACH.01) AustChoice Super investment guide (ACH.01) Issued: 31 October 2014 Contents What to consider when investing 2 What investment options can you choose? 3 Managing risk through diversification 4 Your investment

More information

Challenger Guaranteed Allocated Pension

Challenger Guaranteed Allocated Pension Challenger Guaranteed Allocated Pension Product Disclosure Statement (PDS) Dated 1 January 2015 Challenger Retirement Fund Allocated Pension (SPIN CIT0101AU) (ABN 87 883 998 803) (RSE Registration Number

More information

Australian Share Fund Class A Units

Australian Share Fund Class A Units Australian Share Fund Class A Units Product Disclosure Statement 21 October 2013 Table of Contents 1 About Ellerston Capital Limited 2 How the Ellerston Australian Share Fund works 3 Benefits of Investing

More information

FirstChoice Personal Super Product Disclosure Statement

FirstChoice Personal Super Product Disclosure Statement FirstChoice Personal Super Product Disclosure Statement This is a combined Financial Services Guide and Product Disclosure Statement Issue No 2012/1, dated 28 May 2012 Colonial First State FirstChoice

More information

Supplementary Product Disclosure Statement SuperWrap

Supplementary Product Disclosure Statement SuperWrap Supplementary Product Disclosure Statement SuperWrap This Supplementary Product Disclosure Statement ( SPDS ) is dated 20 November 2015 and supplements the Product Disclosure Statement ( PDS ) for SuperWrap.

More information

Investment options and risk

Investment options and risk Investment options and risk Issued 1 November 2013 The information in this document forms part of the Product Disclosure Statement for the Public Sector Superannuation Scheme (PSS), seventh edition, issued

More information

Investment Bond & Rollover

Investment Bond & Rollover Investment Bond & Rollover This report includes: Deferred Annuity Capital Guaranteed Collection Rollover Rollover Portfolio and Rollover Parking Fund Capital Guaranteed Collection Investment Bond Investment

More information

Understanding Managed Funds

Understanding Managed Funds ... Understanding Managed Funds Contact us If you would like to know more about how AMP Capital can help you, please visit ampcapital.com.au, or contact one of the following: Financial Planners Personal

More information