IOOF QuantPlus. Australian Equities Portfolio NZD. Quarterly update

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1 IOOF QuantPlus Australian Equities Portfolio NZD Quarterly update For the period ended 31 March 2016

2 Contents Overview 2 Portfolio at glance 3 Performance 4 Sector allocation 6 Overview At IOOF, we have been helping Australians secure their financial future since During that time we have grown into one of Australia's leading providers of quality financial services. Through our investment management expertise, we offer a range of highly rated investment products utilising a range of investment philosophies including multi-manager, quantitative and qualitative investing as well as sector specific investments expertise through Perennial Investment Partners. The QuantPlus team at IOOF aims to achieve an optimal risk and return outcome through efficient exposure to a highly diversified portfolio of assets. They seek to obtain a premium from holding securities with different risk characteristics than those provided by the most commonly used indices by employing a quantitative process with a qualitative overlay, together with a variety of trading strategies. This report outlines the performance and asset allocation of the Australian Equities Portfolio previously referred to as the Plan B, Australian Core Equities Portfolio. 2

3 IOOF QuantPlus Australian Equities Portfolio NZD: Quarterly update March 2016 Portfolio at a glance The portfolio seeks to achieve long term capital growth through structured exposure to listed equities in Australian markets. The Portfolio seeks returns by maintaining an exposure to firms with either smaller capitalisation or greater value. To manage the risks associated with these exposures the portfolio maintains a high level of diversification. At least 80 per cent of net assets will be invested in securities or depository receipts of companies and property trusts listed on the Australian stock exchange. Fast facts Weighted average portfolio characteristics Portfolio Benchmark Market Cap (m NZD) 39,743 47,555 Price to Book Price to Earnings Price to Earnings FY Dividend Yield () Fund size (NZD) Management fees and expense Inception date $481,418, Jun-05 Number of holdings Benchmark Tracking error 364 S&P/ASX 300 Index Upper tracking error limit for the portfolio against its benchmarks is five per cent. Composition of Australian Equities Portfolio versus benchmark by size Large Mid Small Australian Equities Portfolio S&P/ASX 300 Accumulation Index 3

4 Performance Gross performance 3 month 6 month 1 year 3 years pa 5 years pa 10 years pa Australian Equities Portfolio (gross return) S&P/ASX Active Return Net performance 3 month 6 month 1 year 3 years pa 5 years pa 10 years pa Australian Equities Portfolio (net return) S&P/ASX Active Return Performance figures are calculated using month end unit prices. Past performance is not predictive of future performance. Small discrepancies may occur due to rounding. Top ten holdings of portfolio allocation of benchmark allocation Westpac Banking Corporation Commonwealth Bank of Australia National Australia Bank Limited Australia and New Zealand Banking Group Limited BHP Billiton Limited Telstra Corporation Limited Wesfarmers Limited Scentre Group AGL Energy Limited Macquarie Group Limited

5 IOOF QuantPlus Australian Equities Portfolio NZD: Quarterly update March 2016 Contributors to the portfolio Top 10 contributors to return for the quarter Total return of share for quarter Average portfolio allocation Contribution to portfolio return Scentre Group Bluescope Steel Limited Newcrest Mining Limited Westfield Corporation Fortescue Metals Group Ltd Primary Health Care Limited Hansen Technologies Limited Vicinity Centres Alumina Limited Medibank Private Ltd Detractors from the portfolio Top 5 detractors from return for the quarter Total return of share for quarter Average portfolio allocation Contribution to portfolio return Australia and New Zealand Banking Group Limited Commonwealth Bank of Australia Westpac Banking Corporation National Australia Bank Limited Macquarie Group Limited

6 Sector allocation To ensure that the Australian Equities portfolio remains diversified and is not over exposed to any one sector, the active weight of each Global Industry Classification Standard (GICS) sector to the benchmark is maintained within ±10 per cent Australian Core Equities () S&P/ASX 300 () Financials Materials Industrials Property Trusts Consumer Discretionary Consumer Staples Telecommunications Health Care Energy Utilities Information Technology 6

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8 This document is issued by IOOF Investment Management Limited (IIML) ABN , AFS Licence No IIML is a company within the IOOF Group of companies which consists of IOOF Holdings Ltd ABN and its related bodies corporate. IIML s contact details can be found on Past performance is not a reliable indicator of future performance. The information contained in this document is believed to be correct at the time of publication, however to the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on the information it contains. The information provided is general in nature and has been prepared without taking into account your particular objectives, financial situation and needs. Before making an investment decision based on this information, you should assess your own circumstances or consult a financial planner. QuantPlus is a trade mark of IOOF Investment Management Limited. INV-514