Your investment options explained for the Plum Superannuation Fund

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Your investment options explained for the Plum Superannuation Fund"

Transcription

1 Your investment options explained for the Plum Superannuation Fund Trustee: PFS Nominees Pty Ltd ABN AFSL Fund: Plum Superannuation Fund ABN Administrator: Plum Financial Services Limited (Plum) ABN AFSL Level 4, 500 Bourke Street Melbourne Vic 3000 GPO Box 63 Melbourne Vic 3001 Telephone Fax Web plum.com.au Preparation date: 3 May 2012

2 About this guide Important information The information contained in this guide should be read in conjunction with the Product Disclosure Statement (PDS) for the Plum Superannuation Fund. You should assess the information described in this guide before completing your Application form. This guide provides information about the available investment options under the Plan and is not personal investment advice nor should it be used or relied upon as a substitute for professional investment advice. We do not recommend that any member make decisions based solely on the information contained in this guide and each member is ultimately responsible for making his or her own investment decisions and obtaining whatever assistance he or she deems necessary. Any advice in this guide is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Because of this, you should, before acting on any information in this guide, consider whether it is appropriate to your objectives, financial situation and needs and seek professional financial advice before you decide to invest in the Fund. The information contained within this guide is current at the time it was prepared. However, changes to the information may subsequently occur. You can access updated information, free of charge, either from our website or by contacting a Member Services Consultant. If there is a materially adverse change to information contained in this guide, we will issue a replacement guide and advise members of the Fund in writing. Calculation of investment performance We provide a broad range of investment options and you can choose any one or more of these investment options. Investment performance figures quoted in this guide: reflect movements in the unit prices of the Plum Pooled Superannuation Trust ABN (Plum PST) unless otherwise noted; are net of tax and ongoing investment management fees; and do not take into account Fund member administration fees. Investment returns provided in this guide are actual returns to Fund members, unless otherwise noted, expressed as an annual return (that is, as a percentage per annum). For example, if an investment earned 2% in one complete year and 12% in the following complete year, this would be expressed as an annualised return of 6.9% p.a. Benchmark returns shown throughout this guide are net of tax. In the Long-term objective section the figures quoted against the Consumer Price Index (CPI) for the Path one investment options are net of tax. costs The indicative investment option management cost and buy/sell costs are currrent as advised to us as at 31 December 2011 and are inclusive of goods and services tax (GST) and reduced input tax credit (RITC) but exclude other taxes. You can access current fee information from the website plum.com.au The indicative investment option management costs disclosed in this guide are expected costs. An amount up to the equivalent of the buy cost may apply during a period of extensive or large withdrawals from the underlying fund. Glossary A number of technical terms are used in this guide and are explained in the Glossary.

3 Contents 2 Consider your investor profile 3 Choosing your investment strategy and switching your investments 4 Choosing your level of investment involvement 5 Investment basics 9 costs 11 Path one simple choice 15 Path two flexible choice 22 Path three specialist choice 29 Closed investment options 31 Investment manager PDSs 32 Ethical investing 33 Glossary 1

4 Consider your investor profile Your investment options explained provides information about investments for your superannuation. Understanding your investor profile may help you to choose an investment mix that suits your needs. For more information about investor profiles, refer to the Five steps to making your investment choice booklet (available from the Forms and publications section of the member website). Some typical investor profiles are outlined in the table below. Sample investor profile Conservative Cautious Moderate Assertive Aggressive Profile description Prefers limited ups and downs in the value of an investment that comes from investing super primarily in cash and fixed interest, and prepared to accept low-to-moderate returns. Comfortable with a balanced mix of assets to achieve steady long-term returns, with smaller fluctuations in the value of investments. Prefers having a slightly higher proportion of super invested in shares and property than cash and fixed interest investments. Realises that higher volatility usually accompanies higher long-term returns. Wants to invest super primarily in shares and property but likes the stabilising influence of having limited exposure to fixed interest investments as well. Prepared to accept higher volatility to seek medium-to-high returns. Comfortable investing all super in shares and seeks high long-term returns albeit with higher volatility. 2

5 Choosing your investment strategy and switching your investments If you want to select how your future contributions are invested, you can make an investment strategy change. Please note that any expenses or deductions such as contributions tax will also follow your investment strategy. If expenses are processed before a contribution is received you may have a negative balance for a short period of time in the selected investment option(s). On receipt and acceptance of an investment strategy request on any business day, we will process the request to the relevant investment options as follows: requests received prior to 4.00pm, Melbourne time will use the unit price applying at close of business on that day. requests received after 4.00pm, Melbourne time will use the unit price applying at the close of business on the next business day. If you want to move some or all of your existing account balance into one or more different investment options, you can make an investment switch. When you request a switch before 4pm, Melbourne time, on any business day: units in your current investment option(s) will be sold at the sell price for the day on which your request is processed; and the sales proceeds will be used to buy units in your new investment option(s) at the buy price for the same day. If we receive your request after 4.00pm Melbourne time, we will use the unit price applying at the close of business on the next business day. Although you can generally make an investment switch at any time, you will need to wait until your first switch is processed and units have been allocated before you can request a second switch. No administration fee is charged when you make an investment strategy change or switch. You may, however, incur transaction costs (buy/sell costs) on some investment option(s) when a switch is conducted. See the Buy/sell costs section for more information about these costs. We will accept instructions for investment strategy changes and switches through the member website plum.com.au or you can contact a Member Services Consultant on Before you make an investment strategy change or switch, you need to consider the relevant information provided in the current version of this guide, the PDS and applicable investment managers PDSs for each investment option selected from the Fund s investment menu. We suggest you seek licensed financial advice before changing your investment strategy or switching investments. 3

6 Choosing your level of investment involvement We have developed three investment paths to suit different levels of involvement and investment knowledge. We provide a broad range of investment options through the Plan and you can choose any one or more of these investment options. We will purchase units in your chosen investment option(s) (or in the Plan s default investment strategy if you do not make an investment choice) when contributions or transferred amounts are received. We will sell units from your chosen investment option(s) (or from the Plan s default investment strategy if you do not make an investment choice) for the deduction of any outstanding fees, insurance premiums and taxes. Path one simple choice is the quickest and easiest way to choose an investment mix and may suit you if you prefer to have a lower level of involvement in your superannuation investments. Path one may suit you if you want to leave investment decisions to professional investment managers. Path two flexible choice may suit you if you have some investment experience and would like to choose the investment mix (broad asset allocation) of your investment strategy. You will need to have some understanding of investments, including the difference between the four main asset classes and whether you prefer an active or indexed investment philosophy. Path three specialist choice may suit you if you have a good understanding about the fundamentals of investing and would like to fully customise your investment choice. You can create your own investment mix and choose from a broad range of investment options with various investment styles. You should have a good understanding of investment risks before investing in this path. We recommend you seek financial advice as greater investment experience is generally required for investing in Path three specialist choice. The table below summarises the features of each investment path. You can obtain more detailed information in the Investment basics section and investment options tables further on in this guide. Path one simple choice Path two flexible choice Path three specialist choice Steps to making your investment choice Consider your investor profile Select your investment option. Consider your investor profile Customise your asset allocation Select your investment options. Consider your investor profile Customise your specific asset allocations, investment styles and management approaches Select your investment options. Level of investment involvement required by you Low Medium High About the investments in this path This path provides five diversified pre-mixed investment options to cater for different investor profiles. These options are constructed by professional investment managers and managed by a wide range of underlying sector-specialist investment managers. This path provides a selection of styleneutral investment options (i.e. options are not biased towards a particular investment management style). In this path, you need to decide on: your asset allocation (investment mix); and your preferred investment philosophy (i.e. active or indexed). You can customise your investment mix using a selection of investment options. This path includes investment options with specific investment styles and/or management approaches including: market capitalisation biases; ethical investment processes; country biases (e.g. emerging markets); and alternative investment approaches. 4

7 Investment basics Investment basics explains types of investment management philosophies, investment management approaches, investment styles and investment risks associated with superannuation investments. See the Glossary for more information about investment terms used in this guide. Investment management philosophies Indexing Index investment managers do not use traditional active management to outperform an index. They aim to match the index return of a particular asset class and incorporate broad diversification at low cost. Index managers do not generally employ high-cost processes (because they follow the index) and have very low transaction costs (because they rarely buy and sell securities). Active Active investment managers change their mix of assets depending on current or expected market conditions. They review investments regularly to try to benefit from movements in the market or from growth in individual assets. Investment management approaches Each of the Plan s investment options has a single-manager or multi-manager management approach. Single-manager Single-managers manage all or most investments themselves. They manage the underlying investments of options that have a particular investment philosophy and style. Multi-manager Multi-managers do not invest directly themselves but use a combination of external investment managers to manage investments on their behalf. They use investment managers with different styles to take advantage of diversification benefits. Investment styles Below are details about the investment styles that investment managers adopt when making investment decisions. Bottom-up (security selection) This is a form of stock or security analysis which focuses more on forecasting returns for individual companies rather than the economy as a whole (opposite of top-down). Top-down (macro view) This is a form of stock or security analysis which focuses more on forecasting broad (macro) economic trends and the effect on the market rather than forecasting returns for individual companies (opposite of bottom-up). Growth Growth investment managers are primarily interested in a company s earnings. They focus on investing in companies that they expect will earn higher profits and shareholder earnings than similar companies. Growth investment managers tend to be concerned with future performance and will most likely invest in companies with a good earnings outlook. They generally price stocks based on forwardlooking estimates. Value Value investment managers are most interested in buying companies stocks for a good price. They may purchase stocks of companies that they consider to be currently undervalued on the share market. Value investment managers tend to be concerned with historical performance and will most likely invest in companies that have good track records. They generally price stocks based on historical data. Neutral/core These investment managers have no specific investment style bias. They aim to produce competitive returns throughout periods of value and growth. 5

8 Investment basics 6 Tools for assessing investment performance Consumer Price Index (CPI) The CPI (All Groups) is a measure of the price of goods and services and allows comparison of the relative cost of living over time. It is used as a measure of inflation. The CPI returns below enable a comparison with Path one simple choice investment returns. CPI returns (% p.a.) to 31 December yr 2yr 3yr 4yr 5yr Benchmarks The benchmarks used throughout this guide (unless otherwise stated) refer to the following indices: Asset class Cash Australian (hedged) Australian inflation linked bonds Listed Australian Australian small capitalisation (hedged) small capitalisation emerging markets Benchmark Reserve Bank of Australia s Cash Rate Target UBSA Composite Bond All Maturities Index Barclays Global Aggregate Index UBSA Inflation Linked Bond All Maturities Index The S&P/ASX 300 A-REIT Accumulation Index S&P/ASX 300 Accumulation Index S&P/ASX Small Ordinaries Accumulation Index MSCI All Country Accumulation Index MSCI All Country Accumulation Index (hedged) MSCI World Small Capitalisation Index MSCI Emerging Markets (Net Dividends) Index Monitoring of investments We use a detailed range of criteria for choosing and monitoring investments on an ongoing basis. This criteria includes regular internal and external reviews of investment manager costs, services, asset allocations and reporting. Understanding risk and volatility Investment risks The types of risk that may apply to your investments are: Market risk This is the risk that affects entire markets. Factors such as investor sentiment, economic impacts, regulatory conditions and political events can affect market performance. Inflation risk This is the risk that the rise in the price of goods and services will erode the purchasing power of your investments. To avoid this risk over the long term, your investments need to earn a return equal to or above the rate of inflation. Company risk This is the risk that the value of shares in a company will be affected by internal or external factors. These factors include management changes, legal action against the company or profit and loss announcements. Interest rate risk The value of an asset class, especially an interest bearing asset class such as fixed interest, can be affected by movements in interest rates. For example, the value of bonds tends to fall when interest rates rise. Bonds with longer-term maturities are generally more sensitive to interest rate movements. Credit risk Investments involving lending to other parties are subject to credit risk, which is the risk that the borrower is not able to meet loan obligations. Liquidity risk Investment in private, unlisted or small specialised markets, mortgage, unlisted property or alternative investments are often difficult to buy or sell quickly. This means that they may have to be sold at a discount price to market value. Currency risk investments may be affected by fluctuations in the value of foreign currencies. Fluctuations in the Australian dollar, for example, will influence returns in all unhedged international share funds. This is because international share investments have to be converted back into Australian dollars. A falling Australian dollar increases the value of investments in international shares. The value of your international shares investment, measured in Australian dollars, will fall if the value of the Australian dollar rises and international share markets remain unchanged. investments can be managed on a hedged or unhedged basis. An unhedged fund s return is influenced by movements in currency and investment markets. A fully hedged fund such as the Vanguard Index Fund (hedged) effectively removes most of the currency fluctuations. It obtains returns from movements in the value of the underlying investments held by the fund, without the impact of currency fluctuations.

9 Investment basics Standard risk measure The Standard risk measure for each investment option is based on industry guidance to allow members to compare investment options that are expected to deliver a similar number of negative annual returns over any 20 year period. The Standard risk measure is not a complete assessment of all forms of investment risk, for instance it does not detail what the size of a negative return could be or the potential for a positive return to be less than a member may require to meet their objectives. Further, it does not take into account the impact of administration fees and tax on the likelihood of a negative return. You should still ensure you are comfortable with the risks and potential losses associated with your chosen investment option(s). s have been classified according to the following categories: Risk band Risk label Estimated number of negative annual returns over any 20 year period 1 Very low Less than Low 0.5 to less than 1 3 Low to medium 1 to less than 2 4 Medium 2 to less than 3 5 Medium to high 3 to less than 4 6 High 4 to less than 6 7 Very high 6 or greater The methodology we have used to calculate the Standard risk measure can be obtained from our website at plum.com.au Diversification All types of investments carry risk. You can help reduce the impact that any negative returns from one investment may have on your overall super investment portfolio by spreading (diversifying) your investments. You can diversify investments by: Asset class the four main asset classes are cash, fixed interest, property and shares. You can reduce the impact that movements from one asset class may have on your overall superannuation investment if you diversify your investments across asset classes. Investment management style the approach that investment managers use to manage a portfolio (e.g. a bias towards growth or value stocks). You can reduce the impact of one investment manager s style by spreading your portfolio across investment options with different styles (i.e. growth, value or neutral). You can invest in options where the asset classes have already been diversified for you in the diversified investment options in Path one and Path two. In Path two and Path three, however, diversification is particularly relevant because you are able to invest your entire superannuation account balance in single-sector options. You should carefully consider the risks associated with investing in a single-sector option and whether this represents adequate diversification. Use of derivatives Derivatives are an important tool for prudent management and are integral to the risk management process. Their proper use should enhance the likelihood of meeting the overall objectives of the investment option. We invest most of the assets of the Fund in the Plum PST, which in turn invests in the investment options of your choice. We do not invest directly in derivatives. Investments in derivatives may be made by the investment managers appointed by the Trustee, as Trustee of the Plum PST, for the purposes of managing their portfolio (investment options). The investment managers for our investment options may use derivatives to: reduce risk; reduce transaction costs; take advantage of opportunities to increase returns; increase market exposure, as long as the total exposure is not greater than that possible if derivatives were not used; and reduce market exposure (i.e. short selling), as long as appropriate assets are held to offset the short exposure. The investment managers are not permitted to use financial derivatives to leverage the performance of the portfolio beyond that which could be obtained if derivatives were not used. We will obtain and consider a Part B Derivative Risk Statement from each of the investment managers who invest in the Plum PST assets in derivatives. 7

10 Investment basics Past performance The past performance of the investment options described in this guide is not a reliable indicator of future performance and should not be taken to be investment advice nor relied upon when investing in an investment option. The future value of an investment in an investment option may rise or fall on a daily basis with fluctuations in the investment market. Each investment option carries its own level of risk and volatility. The information in this guide does not guarantee performance or payment of income or return of capital. You should consider obtaining professional financial advice before making an investment decision. Allocation of earnings Investment earnings (which may be positive or negative) are reflected in the unit price of your investment option(s) (so the price goes up with positive investment earnings and goes down if there are investment losses). The unit price for an investment option reflects the total dollars held in that investment option divided by the number of units issued. Suspension of transactions Investment switches or withdrawals and allocation of contributions may be delayed or suspended in certain circumstances if we consider such action would be in the interests of members as a whole, for example, if unit prices are unavailable for any reason (included restricted or suspended trading in the relevant market), or if the law requires. 8

11 costs Components of investment option management costs The investment option management cost is the amount you pay for each specific investment option and is shown in the investment option tables throughout this guide. management costs are deducted from the unit price of each investment option on a daily basis and not directly deducted from your account unit holding. These costs are made up of the following: Investment manager fees Investment manager rebate Plum investment fee Operational expenses These are the fees charged by the investment manager and incurred in the underlying investment. These fees vary between the investment options because of the different costs associated with managing the underlying investments. In some cases a performance fee may also be included. Refer to the section on performance fees for more information. In some instances, we may have been able to negotiate a rebate on the investment manager s standard investment management fees. We may also charge a fee within the range 0.00% p.a. to 0.31% p.a. These costs are incurred by us in relation to the operation of each investment option and include custody charges, audit fees and APRA levies. Transactional and operational costs Settlement costs including custody costs are incurred by the underlying investment manager. These costs are incorporated within the investment option management costs referred to in this guide. Other transactional costs are incurred when units in investment options are purchased or sold. These could include brokerage costs, stamp duty on investment transactions, clearing costs and fees that must be paid by the investment manager when buying or selling underlying assets. These are commonly referred to as buy/sell costs and these costs are additional to the fees and costs described in the Fees and costs table in the PDS. Buy/sell costs Most investment managers incorporate buy/sell costs into the buy and sell unit prices of their investment products. Other investment managers may charge buy/sell costs to the investment pools of their investment products, with the costs reflected in the overall performance of the investment product. Some investment managers may not charge buy/sell costs because applications of units into an investment product can be offset by withdrawals in that same investment product. There are two types of costs that may be incurred, depending on the type of transaction: Buy costs ongoing transactions Sell costs ongoing transactions This cost, if any, will be incurred every time units are purchased as a result of: contributions, transfers in and rollovers; or you deciding to change the investment of your account balance from your current investment option(s) to an alternative option(s). This cost, if any, will be incurred every time units are redeemed as a result of: benefit payments, transfers out and contribution splits and fees; or you deciding to change the investment of your account balance from your current investment option(s) to an alternative option(s). The investment options will be valued at the applicable sell price, which takes into account the ongoing sell cost that applies. Therefore, the ongoing buy cost and expected sell cost are both taken into account when an investment option is purchased. Example Consider a $5,000 contribution invested in the Vanguard Australian Index Fund investment option with a mid price of $ per unit at the time of investment. The ongoing buy cost is 0.20% giving a buy price of $ and the ongoing sell cost is 0.10% for the investment option giving a sell price of $ Units purchased: $5,000 $ = 4, units Value of units to be sold: 4, units x $ = $4, The $5,000 contribution invested will be shown net of the buy cost which the investment manager has collected and the expected sell cost the investment manager will collect when the asset is sold. Sell costs on Plan termination If your employer terminates the Plan and all members are transferred to another superannuation fund, there may be a sell spread applied to each investment option. In the event of your Plan being terminated, the sell cost on asset transfer that may apply is shown in the investment option tables throughout this guide. 9

12 costs Changes to fees The investment option management cost is the fee charged for the investment management of assets within the Plan. The Indicative investment option management cost is the best indication we can provide to members of the expected fee and may differ from the actual investment option management cost that applies over the course of the year, though we would expect such differences to be relatively small. The actual investment option management cost charged over the year will be disclosed in the Annual Report. Variations of the buy/sell costs and investment option management costs can occur at the discretion of the investment manager. Where we deem an increase in investment management costs to be material, notification of the change will be provided as soon as possible. While all attempts will be made, we may not be able to provide prior notice of such variations. Performance fees For some of the multi manager options on the investment menu the underlying investment managers may charge performance-based fees. These are fees that apply when that investment manager achieves an investment performance in excess of a specified criteria or benchmark. The estimated performance fee for each option is set out in the table below. These are estimates only and show the approximate level of performance fees that would be payable if the investment managers concerned outperformed their benchmark by 2%. Path one Performance fee p.a. at 2% out-performance Pre-mixed Conservative 0.01% Pre-mixed Cautious 0.01% Pre-mixed Moderate 0.01% Pre-mixed Assertive 0.01% Pre-mixed Aggressive 0.01% MLC Conservative 0.01% MLC Cautious 0.02% MLC Moderate 0.02% MLC Assertive 0.02% MLC Aggressive 0.02% JANA Conservative 0.04% JANA Cautious 0.05% Example One of the underlying managers used in a multi manager option can earn a performance fee of 15% of the outperformance exceeds the agreed benchmark performance. Assume that the agreed benchmark investment return for the underlying manager was 5% over the year. The underlying manager would need to achieve over 5% after fees to be eligible for a performance-based fee. If the underlying manager returned 10% after fees over the same period, (ie out-performed by 5% on an after-fees basis), and the underlying manager represented 5% of the assets of the multi-manager option the performance fee payable is: $50,000 Amount invested in the multi-manager investment option $2,500 Underlying manager is 5% of the option x 5% The out-performance x 15% Proportion of out-performance the investment manager receives as bonus = $18.75 Performance fee payable 0.04% Performance fee as a percentage of the multi manager option. Tax All fees quoted include goods and services tax (GST) (if applicable) and any applicable reduced input tax credit (RITC). The benefits of tax deductions obtained by the Fund, as a result of the fees paid, are passed back to members half yearly or when you leave the Fund. This is in the form of a tax credit which will generally reduce contributions tax. management cost rebate An investment option management cost rebate may apply to some investment options in the investment menu. If you hold units in any of these investment options, additional units for the rebate amount will be credited to your account at the end of each month or when you leave the Plan. The Your superannuation explained guide provides details of the investment option(s) whereby a rebate applies; please refer to this guide for more information. JANA Moderate 0.07% JANA Assertive 0.07% JANA Aggressive 0.08% Path two MLC Balanced Portfolio 0.02% MLC Growth Portfolio 0.02% Path three 10 Australian Long/Short 0.40%

13 Path one simple choice Choose from pre-mixed investment options Path one simple choice investment options have been created to match each investor profile. Each option has been pre-mixed to provide you with a diversified investment approach i.e. spread across more than one asset class. manager The Path one simple choice options are managed by MLC through their appropriate subsidiary. JANA Investment Advisers (JANA) is the investment consultant for most of the investment options. Investment philosophy The investment philosophy drives capital markets and manager research, the way portfolios are constructed and the investment decisions made. The key elements of the philosophy are: In most asset classes, there are occasions when markets diverge significantly from fair value and by recognising these occasions and positioning portfolios and manager configurations accordingly, it is possible to reduce risk and outperform over the long term. Intense qualitative research, conducted by experienced professionals and supplemented by quantitative analysis, provides a holistic view of an investment manager. Through diligent hands-on research, it is possible to select investment managers capable of outperforming over the long term. While an above average ability in security selection is a prerequisite in most asset classes, investment managers must also exhibit a disciplined process and style and this should be reflected in the qualities and mindset of its personnel. To be of real value, research needs to be implemented with a full understanding of client needs. JANA JANA Investment Advisers Pty Ltd (ABN ) is an Australian Financial Services Licence Holder and is a wholly owned subsidiary of National Australia Bank Limited (ABN ). JANA was established in 1987 with the objective of providing high quality independent investment advice to large asset holders on all aspects of investments and asset management. In December 2000, JANA was fully acquired by the National Australia Group of companies. Importantly, JANA s investment philosophy has been preserved and the additional resources from partnering with the National have enabled the expansion of JANA s highly-regarded research programme. JANA began with one investment professional servicing two superannuation funds in Since then JANA has steadily grown to 64 investment professionals, servicing 79 Funds with over A$180 billion under advice (at 31 December 2011). 11

14 Path one simple choice Pre-mixed investment options Investor profile Conservative Cautious Moderate Assertive Aggressive Pre-mixed Conservative 2 Pre-mixed Cautious 2 Pre-mixed Moderate 2 Pre-mixed Assertive 2 Pre-mixed Aggressive 2 objective To provide limited ups and downs in investment value by investing primarily in defensive assets. To provide a balanced mix of assets, steady long-term returns and moderate investment volatility. To invest proportionately more in growth assets than defensive assets to achieve medium-tohigh long-term returns, with moderate to high volatility. To invest primarily in growth assets with limited exposure to fixed interest investments, accepting higher volatility to seek higher returns over the long term. To invest wholly in growth assets, accepting high volatility to seek higher long-term returns. Long-term objective (net of tax) To outperform the CPI plus 2% p.a. over rolling 3 year periods. To outperform the CPI plus 2.5% p.a. over rolling 3 year periods. To outperform the CPI plus 3% p.a. over rolling 5 year periods. To outperform the CPI plus 3.5% p.a. over rolling 5 year periods. To outperform the CPI plus 4.5% p.a. over rolling 5 year periods. Strategic asset allocation as at 31 December 2011 Cash...10% Australian...38%...22% listed...2% Australian...10%... 11% (hedged)...4% Private markets... 1% Alternatives Growth...2% Australian...32%...18% listed...3% Australian...21%...13% (hedged)...6% Private markets...4% Alternatives Growth...3% Australian...19%... 11% listed...4% Australian...32%...17% (hedged)...8% Private markets...5% Alternatives Growth...4% Australian...9%...6% listed...3% Australian...35%...23% (hedged)...14% Private markets...6% Alternatives Growth...4% listed...3% Australian... 41%...25% (hedged)...21% Private markets...6% Alternatives Growth...4% Strategic investment mix 70% defensive 30% growth 50% defensive 50% growth 30% defensive 70% growth 15% defensive 85% growth 100% growth Compound returns to 31 December 2011 (% p.a.) (net of tax and ongoing management fees) Benchmark compound returns to 31 December 2011 (% p.a.) (net of tax) 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr Estimated number of negative annual returns in 20 years Between 1 and 2 years in 20 Between 3 and 4 years in 20 Approximately 4 years in 20 Between 4 and 5 years in 20 Risk label 1 Low to medium Medium to high High High High Approximately 5 years in 20 Recommended minimum investment term 3 years 5 years 6 years 7 years 7 years Indicative investment option management cost % p.a. including GST and RITC Buy cost ongoing % Sell cost ongoing % Sell cost asset transfer % For more information about this risk, please refer to the Standard risk measure section. 2 Performance fees may be payable on this option. Refer to Performance fees section for more information.

15 Path one simple choice Pre-mixed investment options Investor profile Conservative Cautious Moderate Assertive Aggressive MLC Conservative 2 MLC Cautious 2 MLC Moderate 2 MLC Assertive 2 MLC Aggressive 2 objective To provide limited ups and downs in investment value by investing primarily in defensive assets. To provide a balanced mix of assets, steady long-term returns and moderate investment volatility. To invest proportionately more in growth assets than defensive assets to achieve medium-tohigh long-term returns, with moderate to high volatility. To invest primarily in growth assets with limited exposure to fixed interest investments, accepting higher volatility to seek higher returns over the long term. To invest wholly in growth assets, accepting high volatility to seek higher long-term returns. Long-term objective (net of tax) To outperform the CPI plus 2% p.a. over rolling 3 year periods. To outperform the CPI plus 2.5% p.a. over rolling 3 year periods. To outperform the CPI plus 3% p.a. over rolling 5 year periods. To outperform the CPI plus 3.5% p.a. over rolling 5 year periods. To outperform the CPI plus 4.5% p.a. over rolling 5 year periods. Strategic asset allocation as at 31 December 2011 Cash...10% Australian...38%...22% listed...2% Australian...10%... 11% (hedged)...2% Private markets...2% Alternatives Growth...3% Australian...30%...20% listed...3% Australian...21%...13% (hedged)...2% Private markets...6% Alternatives Growth...5% Australian...18%...12% listed...4% Australian...32%...17% (hedged)...6% Private markets...6% Alternatives Growth...5% Australian...8%...7% listed...3% Australian...36%...23% (hedged)...12% Private markets...6% Alternatives Growth...5% listed...3% Australian... 41%...25% (hedged)...20% Private markets...6% Alternatives Growth...5% Strategic investment mix 70% defensive 30% growth 50% defensive 50% growth 30% defensive 70% growth 15% defensive 85% growth 100% growth Compound returns to 31 December 2011 (% p.a.) (net of tax and ongoing management fees) Benchmark compound returns to 31 December 2011 (% p.a.) (net of tax) 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr Estimated number of negative annual returns in 20 years Between 1 and 2 years in 20 Approximately 3 years in 20 Between 3 and 4 years in 20 Between 4 and 5 years in 20 Between 4 and 5 years in 20 Risk label 1 Low to medium Medium Medium to high High High Recommended minimum investment term 3 years 5 years 6 years 7 years 7 years Indicative investment option management cost % p.a. including GST and RITC Buy cost ongoing % Sell cost ongoing % Sell cost asset transfer % For more information about this risk, please refer to the Standard risk measure section. 2 Performance fees may be payable on this option. Refer to Performance fees section for more information. 13

16 Path one simple choice Pre-mixed investment options Investor profile Conservative Cautious Moderate Assertive Aggressive JANA Conservative 2 JANA Cautious 2 JANA Moderate 2 JANA Assertive 2 JANA Aggressive 2 objective Long-term objective (net of tax) Strategic asset allocation as at 31 December 2011 This portfolio is designed to provide investors with a diversified portfolio that is weighted towards the traditionally more stable asset classes of cash and fixed interest. To outperform the CPI plus 1% p.a. over rolling 3 year periods. This portfolio is designed to provide investors with a diversified portfolio that is equally mixed between the traditionally more stable asset classes of cash and fixed interest and those assets which have traditionally provided higher levels of overall return, namely property and shares. To outperform the CPI plus 2% p.a. over rolling 3 year periods. This portfolio is designed to provide investors with a diversified portfolio that is weighted towards the asset classes which have traditionally provided a higher level of overall return, namely property and shares, but also maintains a significant weighting to the traditionally more stable asset classes, namely cash and fixed interest. To outperform the CPI plus 3% p.a. over rolling 4 year periods. This portfolio is designed to provide investors with a diversified portfolio that is weighted towards the asset classes which have traditionally provided a higher level of overall return, namely property and shares. To outperform the CPI plus 4% p.a. over rolling 4 year periods. This portfolio is designed to provide investors with long-term growth through a diversified property and shares portfolio. To outperform the CPI plus 5% p.a. over rolling 5 year periods. Cash...20% Diversified debt...40% Unlisted...10% Australian...12%...6% (hedged)...2% Alternatives Defensive...7% Growth...3% Cash...10% Diversified debt...30% Unlisted...10% Australian...24%... 11% (hedged)...5% Alternatives Defensive...7% Growth...3% Cash...5% Diversified debt...15% Unlisted...10% Australian...36%...17% (hedged)...7% Alternatives Defensive...7% Growth...3% Diversified debt...10% Unlisted...10% Australian...42%...20% (hedged)...8% Alternatives Defensive...7% Growth...3% Unlisted...10% Australian...53%...24% (hedged)...10% Alternatives Growth...3% Strategic investment mix 67% defensive 33% growth 53% defensive 47% growth 27% defensive 73% growth 17% defensive 83% growth 100% growth Compound returns to 31 December 2011 (% p.a.) (net of tax and ongoing management fees) Benchmark compound returns to 31 December 2011 (% p.a.) (net of tax) 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr Estimated number of negative annual returns in 20 years Between 1 and 2 years in 20 Between 2 and 3 years in 20 Between 3 and 4 years in 20 Between 4 and 5 years in 20 Risk label 1 Low to medium Medium Medium to high High High Recommended minimum investment term Indicative investment option management cost % p.a. including GST and RITC 3 years 5 years 6 years 7 years 7 years Buy cost ongoing % Sell cost ongoing % Sell cost asset transfer % Between 4 and 5 years in For more information about this risk, please refer to the Standard risk measure section. 2 Performance fees may be payable on this option. Refer to Performance fees section for more information.

17 Path two flexible choice Choose your investment Path two flexible choice investment options are divided into asset classes plus four diversified options to help you make your investment choice. managers Path two flexible choice provides a range of investment options managed by MLC and Vanguard. JANA provides advice to the Trustee in selecting and monitoring these options. Vanguard Vanguard Investments Australia Ltd is a wholly owned subsidiary of The Vanguard Group, Inc. which is based in the US and currently manages nearly US$ 1.8 trillion* for nearly 25 million individual and institutional accounts. In Australia, Vanguard has been helping investors meet their long-term financial goals with low cost indexing solutions for nearly 15 years. Vanguard offers institutional investors low cost index management via pooled funds, ETFs and discrete portfolios managed by an expert and stable investment team. Choosing investments You should consider the benefits of diversification before making your investment choice. When choosing an investment mix that suits your individual needs, please consider other assets that you may hold outside of your superannuation. You may also take into account the sample investment mixes that may be suitable for each of the investor profiles, as outlined below. *At 31 December Path two flexible choice example of investment mix Investor profile Sample investment mix Total Conservative 20% 50% 5% 25% 100% Cautious 10% 40% 5% 45% 100% Moderate 30% 5% 65% 100% Assertive 20% 5% 75% 100% Aggressive 100% 100% Cash Note: These suggested investment mixes are a guide only and are examples of an approach that could suit each of the five investor profiles. Refer to page 2 for more information about investor profiles. 15

18 Path two flexible choice Sector-specific investment options Cash Fixed Interest MLC Cash Fund MLC Diversified Fixed Interest Fund Vanguard Diversified Bond Index Fund objective Investment manager s comments Aims to provide competitive returns relative to the Reserve Bank of Australia s Cash Rate Target. The fund invests in deposits with banks (100% National Australia Bank as at 31 March 2012) and may also invest in other comparable high quality securities. MLC Limited guarantees the value of your investment in the MLC Cash Fund (before the deduction of tax and fees). To provide returns higher than cash rates over time, through managing a portfolio of global and Australian debt assets and other assets where the overall risk profile of the portfolio is similar to debt. MLC currently utilises the expertise of Antares Fixed Income (formerly National Specialist Investment Management), UBS Asset Management, Amundi Asset Management, Franklin Templeton, PIMCO Asset Management, Wellington, Rogge and Goldman Sachs to manage this fund. Investment philosophy Active Active Indexing Investment style Neutral Neutral Neutral Management approach Single-manager Multi-manager Single-manager Strategic asset allocation as at 31 December 2011 Seeks to track the return (income and capital appreciation) of a tailored diversified index representing a 40% allocation to Australian fixed interest securities and a 60% allocation to international fixed interest securities (hedged into Australian dollars), before taking into account fees, expenses, and tax. The index comprises of 40% UBS Australian Composite Bond Index, and 60% Barclays Capital Global Aggregate ex Securitised Index (hedged into Australian dollars). The UBS Australian Composite Bond Index is a value weighted index of approximately 390 securities (bonds) issued by the Commonwealth Government, state governments, treasury corporations and semi-government authorities, as well as investment-grade corporate issuers and supranationals. Investment-grade issuers are defined as those rated BBB- or higher by Standard and Poor s or Baa3 or higher by Moody s or equivalent. The Barclays Capital Global Aggregate ex Securitised Index is a value weighted index of approximately 12,000 securities (bonds) issued by governments, government-owned entities, governmentguaranteed entities and investment-grade corporations (defined as those with a credit rating of BBB- or higher by Standard and Poor s or Baa3 or higher by Moody s or equivalent). The fund meets its investment strategy by investing in the Vanguard Australian Fixed Interest Index Fund, the Vanguard Fixed Interest Index Fund (Hedged) and the Vanguard Credit Securities Index Fund (Hedged). Cash...100% Australian...50%...50% Australian...41%...59% Compound returns to 31 December 2011 (% p.a.) 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr (net of tax and ongoing management fees) Benchmark compound returns 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr to 31 December 2011 (% p.a.) (net of tax) Estimated number of negative annual returns Less than 1 year in 20 Between 2 and 3 years in 20 Between 2 and 3 years in 20 in 20 years Risk label 1 Low Medium Medium Recommended minimum investment term No minimum 3-5 years 3-5 years Indicative investment option management cost % p.a. including GST and RITC Buy cost ongoing % Sell cost ongoing % Sell cost asset transfer % For more information about this risk, please refer to the Standard risk measure section.

19 Path two flexible choice Sector-specific investment options MLC Securities Fund Vanguard Australian Securities Index Fund objective To provide growth over time through investments in property securities listed in Australia and globally. Seeks to track the return (income and capital appreciation) of the S&P/ASX 300 A-REIT Index before taking into account fees, expenses, and tax. Investment manager s comments The fund invests in property securities primarily listed on the Australian and international stock exchanges. It is diversified across retail, commercial and other types of properties. The fund does not hold any direct property investments. MLC currently utilises the expertise of Resolution Capital, La Salle and Morgan Stanley in the management of the fund. The S&P/ASX 300 A-REIT Index comprises between 20 and 25 property securities (shares) listed on the Australian Securities Exchange (ASX). These securities are real estate investment trusts and companies that own real estate assets and derive a significant proportion of their revenue from rental income. The fund will hold all of the property securities in the index most of the time, allowing for individual security weightings to vary marginally from the index from time to time. The fund may invest in securities that have been removed from or are expected to be included in the index. Investment philosophy Active Indexing Investment style Neutral Neutral Management approach Multi-manager Single-manager Strategic asset allocation as at 31 December 2011 Australian listed... 75% listed... 25% Australian listed...100% Compound returns to 31 December 2011 (% p.a.) (net of tax and ongoing management fees) Benchmark compound returns to 31 December 2011 (% p.a.) (net of tax) Estimated number of negative annual returns in 20 years 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr Between 5 and 6 years in 20 Between 5 and 6 years in 20 Risk label 1 High High Recommended minimum investment term Indicative investment option management cost % p.a. including GST and RITC 7 years 7 years Buy cost ongoing % Sell cost ongoing % Sell cost asset transfer % For more information about this risk, please refer to the Standard risk measure section. 17

20 Path two flexible choice Sector-specific investment options Australian shares MLC Australian Share Fund Vanguard Australian Index Fund objective To provide long-term growth from an actively managed portfolio of Australian shares. Seeks to track the return (income and capital appreciation) of the S&P/ASX 300 Index before taking into account fees, expenses and tax. Investment manager s comments The fund invests in a broad diversified range of Australian shares, which offer attractive long-term growth potential. MLC currently utilises the expertise of Maple-Brown Abbott, Wallara, Balanced Equity Management, Vanguard, Dimensional, JCP Investment Partners, Northcape, Northward Capital and JF Capital Partners to manage this fund. The S&P/ASX 300 Index comprises approximately 300 securities (shares) listed on the Australian Securities Exchange (ASX). The index represents approximately 85 per cent of the value of all Australian-based companies and property trusts listed on the ASX. The fund will hold most of the securities in the index, allowing for individual security weightings to vary marginally from the index from time to time. The fund may invest in securities that have been removed from or are expected to be included in the index. Investment philosophy Active Indexing Investment style Neutral Neutral Management approach Multi-manager Single-manager Strategic asset allocation as at 31 December 2011 Australian...100% Australian...100% Compound returns to 31 December 2011 (% p.a.) (net of tax and ongoing management fees) Benchmark compound returns to 31 December 2011 (% p.a.) (net of tax) Estimated number of negative annual returns in 20 years 1 yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr yr 2 yr 3 yr 4 yr 5 yr 1 yr 2 yr 3 yr 4 yr 5 yr Between 5 and 6 years in 20 Between 6 and 7 years in 20 Risk label 1 High Very high Recommended minimum investment term Indicative investment option management cost % p.a. including GST and RITC 7 years 7 years Buy cost ongoing % Sell cost ongoing % Sell cost asset transfer % For more information about this risk, please refer to the Standard risk measure section. 18

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

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

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

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

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

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

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

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

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

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

Plum Superannuation Fund Plum Superannuation Fund Plum Personal Plan Preparation date: 18 December 2015

Plum Superannuation Fund Plum Superannuation Fund Plum Personal Plan Preparation date: 18 December 2015 Plum Superannuation Fund Plum Superannuation Fund Plum Personal Plan Preparation date: 18 December 2015 This update to the Plum Superannuation Fund Product Disclosure Statement is provided as a result

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

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

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

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

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

T. Rowe Price Wholesale Plus Global Equity Fund

T. Rowe Price Wholesale Plus Global Equity Fund T. Rowe Price Wholesale Plus Global Equity Fund Product Disclosure Statement ( PDS ) Issued 10 August 2015 ARSN 602 109 357 APIR BTA0538AU Contents 1. About BT Funds Management Limited 2 2. How the Fund

More information

UBS Diversified Fixed Income Fund Product Disclosure Statement

UBS Diversified Fixed Income Fund Product Disclosure Statement 12 October 2015 UBS Diversified Fixed Income Fund Product Disclosure Statement Issue No. 3 ARSN: 090 428 372 APIR: SBC0007AU MFUND: UAM06 Issued by UBS Global Asset Management (Australia) Ltd ABN 31 003

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

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

EQT Diversified Fixed Income Fund

EQT Diversified Fixed Income Fund EQT Diversified Fixed Income Fund Product Disclosure Statement ARSN 601 989 815 APIR ETL0420AU Issue Date 10 August 2015 This Product Disclosure Statement ( PDS ) has been prepared and issued by Equity

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

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

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

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

Zurich Investments Global Growth Share Fund APIR ZUR0580AU

Zurich Investments Global Growth Share Fund APIR ZUR0580AU Zurich Investments Global Growth Share Fund APIR ZUR0580AU Product Disclosure Statement (PDS) Preparation date 22 June 2012 Strategic investment partner: American Century Investments 1. About Zurich Investments

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

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

BT Wholesale Multi-manager Australian Shares Fund

BT Wholesale Multi-manager Australian Shares Fund BT Wholesale Multi-manager Australian Shares Fund Product Disclosure Statement ( PDS ) Issued 1 July 2015 ARSN 118 469 720 APIR BTA0259AU Contents 1. About BT Funds Management Limited 2 2. How the Fund

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

Whitehaven Equity Income Fund

Whitehaven Equity Income Fund Whitehaven Equity Income Fund ARSN: 166 733 133 Product Disclosure Statement Dated 6 January 2014 Whitehaven Private Portfolios Ltd Investment Manager and Responsible Entity ABN 64 109 808 577; AFSL 300878

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

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

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

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

Changes to the Product Disclosure Statement for:

Changes to the Product Disclosure Statement for: Changes to the Product Disclosure Statement for: FirstChoice Investments FirstChoice Personal Super FirstChoice Pension New Product Disclosure Statement: Issue No. 2013/1, dated 11 June 2013 Old Product

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

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

ANZ Fixed Income Fund Product Disclosure Statement. 1 April 2014

ANZ Fixed Income Fund Product Disclosure Statement. 1 April 2014 ANZ Fixed Income Fund Product Disclosure Statement 1 April 2014 Contents 1. About ANZ Trustees 2 2. How the ANZ Fixed Income Fund works 2 3. Benefits of investing in the ANZ Fixed Income Fund 3 4. Risks

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

Supplementary Product Disclosure Statement

Supplementary Product Disclosure Statement The Portfolio Service Superannuation Plan The Portfolio Service 1 July 2014 Supplementary Product Disclosure Statement Issuer: Questor Financial Services Limited ABN 33 078 662 718 AFS Licence No. 240829

More information

Zurich Investments Managed Growth Fund APIR ZUR0059AU

Zurich Investments Managed Growth Fund APIR ZUR0059AU Zurich Investments Managed Growth Fund APIR ZUR0059AU Product Disclosure Statement (PDS) Issue date 1 July 2014 1. About Zurich Investments Zurich Investment Management Limited (Zurich Investments) is

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

Diversified Investment Strategies

Diversified Investment Strategies Diversified Investment Strategies Product Disclosure Statement (PDS) Dated: 1 April 2011 ipac asset management limited ABN 22 003 257 225 AFS Licence No. 234655 Level 31 Grosvenor Place, 225 George Street,

More information

Australian Equities Index Fund

Australian Equities Index Fund Contents Page 1. About netwealth 2 2. How the Fund works 2 3. Benefits of investing in the Fund 4 4. Risks of managed investment schemes 4 5. How we invest your money 5 6. Fees and costs 6 7. How managed

More information

Vanguard International Fixed Interest Index Fund (Hedged) Product Disclosure Statement

Vanguard International Fixed Interest Index Fund (Hedged) Product Disclosure Statement Vanguard International Fixed Interest Index Fund (Hedged) Product Disclosure Statement Dated 30 November 2009 This Product Disclosure Statement is only for use by investors investing through a nominee

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

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

ADVANCE AUSTRALIAN SHARES MULTI-BLEND FUND Product Disclosure Statement (PDS) ADVANCE AUSTRALIAN SHARES MULTI-BLEND FUND Product Disclosure Statement (PDS) Issued: 1 July 2015 ARSN 087 296 008 APIR ADV0045AU Contents 1. About Advance Asset Management Limited... 2 2. How the Fund

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

Helping you own your retirement. North Super and Pension. Product Disclosure Statement Part A

Helping you own your retirement. North Super and Pension. Product Disclosure Statement Part A North Super and Pension Product Disclosure Statement Part A Helping you own your retirement North Personal Superannuation and Personal Pension Issue Number 7, 1 July 2014 To be read in conjunction with

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

EQT Australian Equity Income Fund (Common Fund No. 12)

EQT Australian Equity Income Fund (Common Fund No. 12) EQT Australian Equity Income Fund (Common Fund No. 12) Product Disclosure Statement mfund EQY02 ARSN 167 772 830 APIR ETL0399AU Issue Date 1 July 2014 This Product Disclosure Statement ( PDS ) has been

More information

OneAnswer Frontier Personal Super and Pension. Fees Guide

OneAnswer Frontier Personal Super and Pension. Fees Guide OneAnswer Frontier Personal Super and Pension Fees Guide 1 July 2014 Entity details in this guide Name of legal entity Registered numbers Abbreviated terms used throughout the PDS OnePath MasterFund ABN

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

VENTURA MANAGED ACCOUNT PORTFOLIOS Product Disclosure Statement

VENTURA MANAGED ACCOUNT PORTFOLIOS Product Disclosure Statement VENTURA MANAGED ACCOUNT PORTFOLIOS Product Disclosure Statement Ventura Managed Account Portfolios ARSN 601 085 410 Responsible Entity: Ventura Investment Management Limited ABN 49 092 375 258 Australian

More information

Super Accelerator. Supplementary Product Disclosure Statement. 2 April 2015. Issuer/trustee details: netwealth Investments Limited

Super Accelerator. Supplementary Product Disclosure Statement. 2 April 2015. Issuer/trustee details: netwealth Investments Limited Super Accelerator Supplementary Product Disclosure Statement 2 April 2015 Issuer/trustee details: netwealth Investments Limited Level 8/52 Collins Street MELBOURNE VIC 3000 ABN 85 090 569 109 AFSL 230975

More information

Templeton Global Equity Fund

Templeton Global Equity Fund Date: 12 May 2014 (ARSN 104 669 427) Product Disclosure Statement Franklin Templeton Investments Australia Limited (ABN 87 006 972 247, AFS Licence Number 225328) Contacting us: If you have any questions

More information

Investment options and risk

Investment options and risk ADF Super Australian Defence Force Superannuation Investment options and Issued 2 June 2016 The information in this document forms part of the Product Disclosure Statement for the Australian Defence Force

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 Index Tracking Global Bond Fund Product Disclosure Statement

Macquarie Index Tracking Global Bond Fund Product Disclosure Statement Macquarie Index Tracking Global Bond Fund Investment Management 4 July 206 Macquarie Index Tracking Global Bond Fund Product Disclosure Statement Contents. About Macquarie Investment Management Australia

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

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

Defence Bank Super Type of fee Amount How and when paid

Defence Bank Super Type of fee Amount How and when paid Fees and Costs This fact sheet details all the fees and costs that may apply to your account. It s designed to be read in conjunction with the Product Disclosure Statement and is subject to review from

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

This document is a Fact Sheet for the Product Disclosure Statement dated 22 May 2010 for Flexible Lifetime - Super and Allocated Pension ( PDS ).

This document is a Fact Sheet for the Product Disclosure Statement dated 22 May 2010 for Flexible Lifetime - Super and Allocated Pension ( PDS ). Fact sheet 4 Fees and other costs This document is a Fact Sheet for the Product Disclosure Statement dated 22 May 2010 for Flexible Lifetime - Super and Allocated Pension ( PDS ). CONTENTS PAGE Taxation

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

Product Disclosure Statement 2 March 2015

Product Disclosure Statement 2 March 2015 Product Disclosure Statement 2 March 2015 Acorn Capital Microcap Fund Issued by: Australian Unity Funds Management Limited ( AUFM or Responsible Entity ) ABN 60 071 497 115, AFS Licence No. 234454 Section

More information

Bendigo Conservative Index Fund

Bendigo Conservative Index Fund Bendigo Conservative Index Fund Product Disclosure Statement Dated 1 January 2016 This Product Disclosure Statement (PDS or Statement) is issued by Sandhurst Trustees Limited (ABN 16 004 030 737, AFSL

More information

Integrity Australian Share Fund

Integrity Australian Share Fund Integrity Australian Share Fund Product Disclosure Statement (PDS) Issued 21 June 2012 Contents 1 About Integrity Investment Management Australia Limited 2 How the Integrity Australian Share Fund works

More information

MLC Wrap. Investments. Service Guide. MLC Wrap. Preparation date: 17 January 2011

MLC Wrap. Investments. Service Guide. MLC Wrap. Preparation date: 17 January 2011 MLC Wrap MLC Wrap Investments Service Guide Preparation date: 17 January 2011 Issued by: Navigator Australia Limited (NAL) ABN 45 006 302 987 AFSL 236466 MLC Wrap MLC Wrap Investments Supplementary Service

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

Ausbil Investment Trusts Australian Active Equity Fund

Ausbil Investment Trusts Australian Active Equity Fund Contactus@ ausbil.com.au Ausbil Investment Trusts Australian Active Equity Fund Product Disclosure Statement 18 December 2014 ARSN 089 996 127 APIR AAP 010 3AU mfund AXW01 Commenced April 1997 Issue Number

More information

Product Disclosure Statement (PDS) Issued 12 September 2014

Product Disclosure Statement (PDS) Issued 12 September 2014 Product Disclosure Statement (PDS) Issued 12 September 2014 Nikko AM-Tyndall Australian Share Wholesale Fund Contents 1 About Nikko Asset Management Australia Limited 2 How the Nikko AM-Tyndall Australian

More information

Zurich Investments Emerging Markets Equity Fund APIR ZUR0614AU

Zurich Investments Emerging Markets Equity Fund APIR ZUR0614AU Zurich Investments Emerging Markets Equity Fund APIR ZUR0614AU Product Disclosure Statement (PDS) Issue date 1 December 2014 Strategic investment partner: Wells Capital Management, Inc. 1. About Zurich

More information

Walter Scott Global Equity Fund (Hedged) Macquarie Professional Series Product Disclosure Statement

Walter Scott Global Equity Fund (Hedged) Macquarie Professional Series Product Disclosure Statement Investment Management 1 July 2014 Walter Scott Global Equity Fund (Hedged) Walter Scott Global Equity Fund (Hedged) Macquarie Professional Series Product Disclosure Statement This Product Disclosure Statement

More information

ANZ Online Investment Account

ANZ Online Investment Account ANZ Online Investment Account Product Disclosure Statement 30 MARCH 2012 Important information This Product Disclosure Statement (PDS) describes a convenient and simple way to invest in the performance

More information

Investment guide. Investment management styles

Investment guide. Investment management styles Investment guide Investment management styles 2 Investment management approach The purpose of this guide is to provide you with a snapshot of the variety of investment management styles applied across

More information

Your guide to the Plan B Superannuation Fund transfer. February 2014

Your guide to the Plan B Superannuation Fund transfer. February 2014 Your guide to the Plan B Superannuation Fund transfer February 2014 The terms our, we, us refer to IOOF Investment Management Limited as the Trustee of the Plan B Superannuation Fund and the IOOF Portfolio

More information

INFOCUS MANAGED ACCOUNTS

INFOCUS MANAGED ACCOUNTS INFOCUS MANAGED ACCOUNTS Product Disclosure Statement Dated: 22 December 2015 Separately Managed Accounts ARSN 114 818 530 Praemium Australia Limited ABN 92 117 611 784 Australian Financial Services Licence

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

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

Investment Options and Risk Issued 1 March 2013

Investment Options and Risk Issued 1 March 2013 Options and Risk Issued 1 March 2013 The information in this document forms part of the Product Disclosure Statement for the Public Sector Superannuation accumulation plan (PSSap), fifth edition, issued

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

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

Your guide to the Lifetime Superannuation Fund transfer. February 2014

Your guide to the Lifetime Superannuation Fund transfer. February 2014 Your guide to the Lifetime Superannuation Fund transfer February 2014 The terms our, we, us refer to IOOF Investment Management Limited as the Trustee of the Lifetime Superannuation Fund and the IOOF Portfolio

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

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

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

WealthFocus Investment Advantage

WealthFocus Investment Advantage Perpetual WealthFocus Investment Advantage Features Book Product Disclosure Statement Part 1 Issue number 4 dated 21 June 2013 Issued by Perpetual Investment Management Limited ABN 18 000 866 535 AFSL

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

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

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

More information

Northward Equity Income Fund 3

Northward Equity Income Fund 3 Northward Equity Income Fund Product disclosure statement ARSN 149 088 497 Dated: 1 July 2014 Contents 1. About Antares Capital Partners Ltd 2 2. How the Northward Equity Income Fund works 2 3. Benefits

More information

Analytic Global Managed Volatility Fund Macquarie Professional Series Product Disclosure Statement

Analytic Global Managed Volatility Fund Macquarie Professional Series Product Disclosure Statement Investment Management 1 July 2014 Analytic Global Managed Volatility Fund Analytic Global Managed Volatility Fund Macquarie Professional Series Product Disclosure Statement This Product Disclosure Statement

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

BT Lifetime. Personal Super. Contents. 1. About BT Lifetime Personal Super 2 2. How super works 2 3.

BT Lifetime. Personal Super. Contents. 1. About BT Lifetime Personal Super 2 2. How super works 2 3. Contents BT Lifetime Personal Super Product Disclosure Statement (PDS) Dated 1 July 2014 1. About BT Lifetime Personal Super 2 2. How super works 2 3. Benefits of investing with BT Lifetime Personal Super

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

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. 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

UBS Diversified Fixed Income Fund

UBS Diversified Fixed Income Fund Supplementary No. 1 UBS Diversified Fixed Income Fund This Product Disclosure Statement is only for use by investors investing through an IDPS Dated 28 April 2010 ARSN 090 428 372 Offered by UBS Global

More information

Investment Guide. About this document. Contents. This document explains: Date of issue: 5 October 2015. mtaasuper.com.audate.

Investment Guide. About this document. Contents. This document explains: Date of issue: 5 October 2015. mtaasuper.com.audate. Investment Guide Date of issue: 5 October 2015 mtaasuper.com.audate Phone: 1300December 362 415 2014 of issue: The information in this document forms part of the Product Disclosure Statement for MTAA Super

More information