PERPETUAL WEALTHFOCUS INVESTMENT MANAGER INFORMATION

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1 PERPETUAL WEALTHFOCUS INVESTMENT MANAGER INFORMATION Effective 17 April 2015 The information in this document forms part of the Product Disclosure Statements (PDS) for: PERPETUAL WEALTHFOCUS INVESTMENT ADVANTAGE Issue 6 dated 17 April 2015 PERPETUAL WEALTHFOCUS WHOLESALE INVESTMENT ADVANTAGE Issued by Perpetual Investment Management PERPETUAL WEALTHFOCUS SUPER PLAN Issue 10 dated 17 April 2015 PERPETUAL WEALTHFOCUS WHOLESALE SUPER PLAN PERPETUAL WEALTHFOCUS PENSION PLAN Issue 10 dated 17 April 2015 PERPETUAL WEALTHFOCUS WHOLESALE PLAN Issued by Perpetual Superannuation INVESTMENT MANAGER Aberdeen Asset Management AMP Capital Investors Arnhem Investment Management Pty Ltd Aspect Capital Aberdeen Asset Management offers a wide range of funds to meet investment needs. Assets under management in Australia are around A$17 billion¹ and Aberdeen have also introduced a number of funds to the range offered in the Australian market. 1 as at 30 November 2014 AMP Capital is committed to delivering outstanding investment outcomes for clients with contemporary solutions in fixed income, equities, real estate, infrastructure and multiasset portfolios. Sharing a heritage that spans over 160 years, AMP Capital is one of the largest investment managers in the Asia Pacific region. A home strength in Australia and New Zealand has enabled AMP Capital to grow internationally, and operations are now established in Bahrain, China, Hong Kong, India, Japan, Luxembourg, the United Kingdom and the United States. AMP Capital collaborates with a network of global investment partners, leveraging insights to provide greater access to new investment opportunities. Broad investment capabilities underpin more than $142 billion* in assets under management across a range of single sector and diversified funds. For more information, please visit ampcapital.com.au Arnhem is an investment management company whose team has been focussed on identifying unique opportunities to deliver superior investment performance for its clients for more than 12 years. Arnhem investment staff own 60 percent of Arnhem and BNP Paribas Investment Partners (Australia) owns the remaining 40 percent. Investment management services have been provided by the Arnhem investment team for the Arnhem Funds since April The team of investment professionals is responsible for three Australian equity capabilities including Core Australian Equities, Concentrated Australian Equities and Long Short Australian Equities. Arnhem Investment Management currently manages A$3.940bn (as at 31 March 2014) investments on behalf of a diverse range of clients including large institutions, superannuation funds and retail investors. Aspect Capital (Aspect) is a London-based managed futures investment manager which manages $5.1 billion (as at May 2014). Aspect was founded in 1997 by Anthony Todd, Martin Leuck, Michael Adam and Eugene Lambert. Adam and Leuck are two of three co-founders of AHL, where they pioneered the application of systematic techniques to investment management. Aspect uses a broadly diversified momentum-based strategy focused on exploiting the key drivers of market behaviours in a range of global financial and commodity futures, forwards and other derivative contracts. The aim is to generate highquality and diversifying returns for clients. The company has over 120 employees and invests heavily in the research-driven evolution and efficient execution of its trading systems across a wide range of liquid asset classes and currency forward markets. Aspect, which is regulated by the Financial Services Authority in the United Kingdom, emphasises strong corporate governance and the provision of first class investor service to a client base which includes many of the world s leading institutional investor and distribution groups.

2 Ausbil Investment Management Bentham Asset Management Pty Ltd BlackRock Investment Management (Australia) BT Investment Management (Institutional) Colonial First State Investments Deutsche Australia Ausbil is a specialist investment manager with approximately $10 billion in funds under management as at 31 January Established in April 1997, we are a joint venture between senior members of the investment/management team of Ausbil and Candriam Investors Group, an affiliate of New York Life Investments. Ausbil offers clients the focus and specialisation of an employee-owned boutique. New York Life Investments ( NYLIM ) is a wholly-owned subsidiary of New York Life Insurance Company. Bentham is a specialist fixed interest and credit investment manager. Bentham actively manages a number of high yielding funds with varying risk profiles. The portfolios are designed to generate income while diversifying risk in global credit markets. Bentham s goal is to deliver higher income to investors than can generally be achieved in traditional fixed interest and equity markets. Bentham s investment philosophy is based on a strong credit culture and a systematic investment process, with a focus on the preservation of principal and protection against downside risk. BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At December 31, 2014, BlackRock s AUM was $4.652 trillion. BlackRock helps clients meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, ishares (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions. Headquartered in New York City, as of December 31, 2014, the firm had approximately 12,200 employees in more than 30 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. BT Investment Management (Institutional) is a wholly owned subsidiary within the BT Investment Management group of companies. BT Investment Management (BTIM) has a unique multi-boutique structure aligning its clients interests with BTIM s own. This approach brings together multiple investment boutiques run by experienced fund managers who have a real financial interest in the decisions they make, and the returns they generate for their investors. BTIM believes this approach firmly positions it to achieve outstanding riskadjusted returns for its clients. BTIM offers investors a range of investment choices including Australian shares and listed property, fixed income and cash, absolute return investments, international shares and property. To complement its in-house expertise, BTIM also partners with leading global and domestic investment managers. BT Investment Management is listed on the Australian Securities Exchange and manages $70 billion as at 31 December 2014 for investors. BT Investment Management is majority owned by the Westpac Group. Colonial First State (CFS) is committed to delivering quality investment solutions which enhance the wealth of investors. CFS provides asset and investment management services to institutional and wholesale investors, as well as indirectly to retail investors. CFS is the largest Australian-based investment manager, with a growing presence in selected international markets. The specialist investment teams manage portfolios across a diverse range of global markets, investment styles and asset classes, including Australian equities, global equities, global emerging market equities, global resource equities, global property securities, global listed infrastructure securities, global fixed interest and credit and short term investments. In addition, they have a direct asset management business which offers investors specialist property and infrastructure investments. CFS s aims as an investment manager to understand and manage risk appropriately relative to the return objectives of the funds managed. They do this through the implementation of disciplined investment and risk management processes. CFS is also a signatory to the United Nations Principles for Responsible Investment, a framework to incorporate environmental, social and governance issues into investment process. CFS approach to investment is driven by a commitment to providing the best possible outcomes over the long term for investors. To achieve this, they ensure their interests are aligned with investors and uphold a culture of always acting in the clients best interests. Deutsche Australia ( Deutsche or Investment Manager ) has been appointed by Ironbark as the investment manager of the Fund. Deutsche manages the investments of the Fund on behalf of Ironbark. Deutsche is a wholly-owned subsidiary of Deutsche Bank AG, and is part of the Deutsche Asset & Wealth Management division. With 955 billion of assets under management (as at 30 June 2014), Deutsche Asset & Wealth Management is one of the world s leading investment organisations. Deutsche Asset & Wealth Management offers individuals and institutions traditional and alternative investments across all major asset classes. It also provides tailored wealth management solutions and private banking services to high-net-worth individuals and family offices.

3 Epoch Investment Partners, Inc. FIL Goldman Sachs Asset Management Ibbotson Associates Australia Investors Mutual Lazard Asset Management Pacific Co. Macquarie Investment Management Epoch is a New York based boutique investment manager formed in 2004 and acquired by TD Bank Group in March Epoch s Shareholder Yield strategy focuses on companies generating free cash flow run by management committed to deploying that cash flow for the benefit of shareholders through dividends, share repurchases and debt reduction. Epoch define these uses of free cash flow (dividends, share buybacks and debt reductions) as Shareholder Yield. Fidelity was established more than 40 years ago and is one of the world s leading asset managers with a global network researching the US, Europe, the Middle East, Africa and Asia Pacific. Fidelity and its subsidiaries manage over A$337.7 billion*. Fidelity builds investment funds stock-by-stock through on-the-ground analysis of companies, their customers, suppliers and competitors wherever they may be in the world. Fidelity believes that markets are semiefficient and share prices don t always reflect inherent value. Through in-house, bottom-up company research, Fidelity aims to uncover the opportunities which it believes offer the greatest scope for outperformance. Based on this research approach, Fidelity seeks out stocks that it believes are undervalued and likely to generate growth. The companies selected for the portfolio must demonstrate good management, strong competitive advantages and enjoy favourable industry dynamics. * As at 31 December Goldman Sachs Asset Management is one of the world s leading investment managers, managing more than US$1 trillion in assets under management globally*. With more than 2,080 professionals across 33 offices worldwide^, GSAM provides institutional and individual investors with investment and advisory solutions, with strategies spanning asset classes, industries and geographies. In Australia, we have been providing asset management products and services to institutional and individual investors for more than 20 years. Today, we manage over AUD $13,829 billion* on behalf of Australian based institutional and individual investors across a comprehensive range of high quality core and satellite investment strategies, including active equity, fixed income, cash, multi-sector and quantitative products, managed by highly experienced and skilled investment teams. We place the utmost importance on client relationships, delivering outstanding investment products and solutions, providing a high level of client service and communicating timely market and investment insights to our clients. * As at 31 December 2014 ^ As at 30 December Reflects number of cities where GSAM professionals are based around the world. Ibbotson is a leading provider of asset allocation, portfolio construction and investment research services with over 35 years experience in the United States, Australia and other international markets. Ibbotson advises and manages funds for superannuation funds, institutions, platform distributors, financial advisers and individuals. Ibbotson leverages its in-depth research to deliver innovative investment solutions, help investors reach their financial goals, and provide independent investment thought leadership. Ibbotson is a Morningstar company and is a part of Morningstar s Investment Management division. Investors Mutual (Investors Mutual) is a specialist Australian equity investment manager. Investors Mutual has a conservative investment style with a long-term focus, and aims to deliver consistent returns for clients. Investors Mutual achieves this through the disciplined application of a fundamental and value based approach to investing. Lazard Asset Management Pacific Co. (Lazard Pacific) is a subsidiary of Lazard Asset Management LLC (LAM) which manages approximately A$204 billion in assets worldwide as at 30 September LAM has research analysts in the USA, Australia, Japan, Korea, Singapore, the UK, the UAE and Germany. Lazard Pacific is responsible for the management of assets for clients across domestic equities, global equities, fixed income and alternative assets. As at 30 September 2014 Lazard Pacific had approximately A$20 billion in assets under management for clients. Macquarie Investment Management is a responsible entity for Macquarie Investment Management s business activities in Australia. Macquarie Investment Management offers securities investment management capabilities across a range of asset classes including fixed interest, currencies, listed equities (domestic and international) and infrastructure securities. Macquarie Investment Management delivers a full-service offering to both institutional and retail clients in Australia and the US, with selective offerings in other regions. Macquarie Investment Management has a wide breadth of capabilities and also partners with a select few specialist investment managers to bring their signature strategies to you through Macquarie Professional Series. Macquarie Investment Management is part of the Macquarie Group.

4 Magellan Asset Management Maple-Brown Abbott MFS Institutional Advisors, Inc. Perennial Value Management Perpetual Investment Management PIMCO Australia Pty Ltd Platinum Investment Management Schroder Investment Management Australia Solaris Investment Management Magellan Asset Management ( MAM ) is a boutique investment funds management business based in Sydney, Australia and is the sole operating subsidiary of Magellan Financial Group ( MFG). MFG was formed and listed on the ASX in November MAM has established globally-focussed investment funds for wholesale and retail investors. The strategies offered are global equities and global infrastructure securities. Maple-Brown Abbott are a privately owned investment management company, based in Sydney, and manage $9.1 billion as at 30 September Maple-Brown Abbott specialise in the management of investment portfolios across Australian equities, Asia Pacific ex-japan equities and global listed infrastructure securities. They also manage a number of multi-sector portfolios that have exposure to Australian and international equities, Australian fixed interest, real estate investment trusts (REITs), cash and alternative assets. Established in 1984, their aim is to achieve attractive long-term returns for their clients over the long term. They place significant emphasis on retaining their boutique heritage, as this ensures flexible decision making and a strong alignment of interest with their clients. MFS Institutional Advisors, Inc. ( MFS ) is a subsidiary of Massachusetts Financial Services Company which is in turn a subsidiary of Sun Life Financial Inc. MFS is an active, global asset manager located in more than 75 countries and together with its affiliates has been serving investors since Perennial Value Management (Perennial Value) is a specialist value-style Australian equities boutique funds manager. Perennial Value was launched in 2000 by John Murray and Perennial Investment Partners (Perennial). Perennial Value believes that the interests of investors and investment professionals are clearly aligned through ownership of equity by senior investment professionals. As a value investor Perennial Value aims to invest in good businesses that are undervalued with an underlying belief that good businesses are always eventually recognised by markets and re-rated to overall market multiples. Perpetual Investments is one of Australia s leading investment managers, with $31.8 billion in funds under management (as at 31 December 2014). Perpetual Investments is part of the Perpetual Group, which has been in operation for more than 125 years. PIMCO is one of the largest global investment solutions providers in the world, with more than AU$2 trillion in assets under management and more than 2,000 employees in offices around the world. In Australia, PIMCO manages over $35 billion for a wide range of clients including superannuation funds, insurance companies, corporations, dealer groups and family offices. PIMCO also provide investment solutions and advisory services to financial planners, advisors and private banks where their strategies appear on numerous model portfolios, investment wrap vehicles and approved product lists across Australia. Platinum Investment Management, trading as Platinum Asset Management ( Platinum ), is an Australian-based manager specialising in international equities. Platinum manages approximately A$25.7 billion (as at 31 December 2014) with around 12% of funds from Investors in New Zealand, Europe, America and Asia. Platinum s investment strategy is applied with the aim of achieving absolute returns for Investors. Platinum is owned by Platinum Asset Management ABN , a company listed on the Australian Securities Exchange. The majority of issued shares, however, remain held by staff (and related parties). Schroder Investment Management Australia (Schroders) Schroders offers a range of investment products and is part of the Schroders Group which as at 30 September 2014 managed investment assets of approximately AUD billion worldwide. The Schroders Group is one of the largest and most internationally diverse independent investment managers providing investment management, research and marketing services from offices located in 27 countries. In Australia, financial services has been a core business since Schroders in Australia manages AUD50.5 billion as at 30 November 2014 across a broad range of asset classes. Solaris Investment Management is a boutique style neutral Australian equities fund manager. The team comprises 10 experienced investment professionals with an average investment experience of 17 years. Unlike most fund managers, Solaris analysts are empowered and rewarded as Portfolio Managers so they are fully accountable for their ideas and decisions. Solaris is a fundamental, researched based, bottom up stock picker.

5 T. Rowe Price International Ltd UBS Global Asset Management (Australia) Ltd Vanguard Investments Australia Ltd Walter Scott & Partners Zurich Investment Management T. Rowe Price International Ltd was founded in It is a wholly owned subsidiary of T. Rowe Group, Inc. ( T. Rowe Price ). T. Rowe Price, is a global investment management firm headquartered in Baltimore, Maryland USA and with offices worldwide. It manages investments in all major asset classes. As of 30 September 2014, it had AUD $ billion under management*. T. Rowe Price s disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. Proprietary research is at the core of T. Rowe Price s investment approach together with its emphasis on long-term investment merit. It supports a global network of analysts with its proprietary analytics and state-of-the-art technologies. * The combined assets under management of the T. Rowe Price group of companies which include T. Rowe Price Associates, Inc., T. Rowe Price International Ltd, T. Rowe Price Hong Kong, T. Rowe Price Singapore Private Ltd., and T. Rowe Price (Canada), Inc. Assets under management are calculated in U.S. dollars and converted to Australian dollars using an exchange rate determined by an independent third party. UBS Global Asset Management (UBS) is a large scale asset manager with well diversified businesses across regions, capabilities and distribution channels, with invested assets of $776 billion globally at 30 September In Australia, UBS was established in 1985 and has invested assets of $38.5 billion at 30 September UBS provides investment management solutions to private clients, financial intermediaries and institutional investors across the world. Vanguard Investments Australia Ltd is a wholly owned subsidiary of The Vanguard Group, Inc. With more than AUD $3 trillion in assets under management as of 30 September 2014, including AUD$460 billion in ETFs, Vanguard is one of the world s largest global investment management companies. In Australia, Vanguard has been serving financial advisers, retail clients and institutional investors for more than 17 years. Macquarie Investment Management is the responsible entity of the Walter Scott Global Equity Fund (Hedged). Macquarie is responsible for operating the fund, including management and administration of the fund, and for implementing the currency hedging for the fund. We may delegate some of these functions to third parties. Walter Scott & Partners (Walter Scott & Partners) is the investment manager of the underlying fund. Walter Scott & Partners is an independent global investment manager established in 1983, in Edinburgh, Scotland. Walter Scott & Partners has a wealth of experience in global equity investment and currently manages $68.1 billion (as at 30 September 2014) in assets for its global client base. Walter Scott & Partners is a classical, fundamental and long-term growth manager. Zurich Investments is a subsidiary of Zurich Financial Services Australia (ZFSA), which is part of the worldwide Zurich Insurance Group based in Switzerland. In Australia, ZFSA s core lines of business are general insurance, life risk, investments and superannuation solutions. Zurich Investments provides exclusive access to specialist investments by combining the expertise of specialist fund managers with the distribution and customer service strength of Zurich. As at 31 December 2014, Zurich had $A4.7 billion in funds under management. This information has been prepared by Perpetual Investment Management (PIML) ABN , AFSL and Perpetual Superannuation (PSL) ABN , AFSL , RSE L It is general information only and is not intended to provide you with financial advice or take into account your objectives, financial situation or needs. You should consider, with a financial adviser, whether the information is suitable for your circumstances. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. The relevant PDS for the Perpetual WealthFocus funds and super and pension plans, issued by PIML and PSL, should be considered before deciding whether to acquire or hold units in the funds or investment options. The relevant PDS can be obtained by calling or visiting our website No company in the Perpetual Group guarantees the performance of any fund or investment option or the return of an investor s capital (Perpetual Group means Perpetual ABN and its subsidiaries). 701_PWFIMI2_0315 FURTHER INFORMATION Investor Services Adviser Services investments@perpetual.com.au