Suncorp Investment Funds. Product Disclosure Statement

Transcription

1 Suncorp Investment Funds Product Disclosure Statement

2 Suncorp Investment Funds Product Disclosure Statement Prepared: 9 May 2006 Effective: 30 June 2006 Issuer: Suncorp Metway Investment Management Limited ABN: AFSL: Contact Details: Investment Funds Client Services Facsimile Number (07) Address direct@suncorp.com.au Website suncorp.com.au Postal Address Suncorp Investment Funds (LS035) GPO Box 1453 BRISBANE QLD 4001 Registered Business Address Level Wickham Terrace BRISBANE QLD 4000 This document has been prepared without taking into account your particular objectives, financial situation or needs. For that reason, before acting on the content within this document you should consider the appropriateness of the content having regard to your own objectives, financial situation and needs. Suncorp Metway Investment Management Limited ABN , Australian Financial Services Licensee ( SMIML or Responsible Entity ) is the issuer of this Product Disclosure Statement ( PDS ) and the Responsible Entity of the Suncorp Investment Funds ( Fund, Funds or Suncorp Investment Funds ) offered for investment in this PDS. In this PDS, we, our, us and Suncorp means SMIML and you and your means an investor in any of the Funds. Suncorp Custodian Services Pty Ltd ABN , AFSL ( SCUS ) is the custodian for the Funds under a Custody Agreement. SCUS s role as custodian is limited to holding assets of the Funds as agent of the Responsible Entity. SCUS has no supervisory role in relation to the operation of the Funds and is not responsible for protecting your interests. SCUS has no liability or responsibility to you for any act done or omission made in accordance with the terms of the Custody Agreement. Suncorp-Metway Limited ABN ( SML ) and its subsidiaries and related companies (including SMIML) do not guarantee the repayment of capital or the investment performance of the Funds. SML and its subsidiaries and related companies (excluding SMIML) are not responsible for or liable in respect of the products or services provided by SMIML. An investment in the Funds is not a bank deposit or other bank liability and is subject to investment risk including possible delays in repayment and loss of income and principal invested. It is recommended that you consult a financial adviser who is a financial services licensee or an authorised representative of a financial services licensee before you invest. A financial adviser will be able to advise you about the financial implications of an investment in the Funds and how it may affect your particular circumstances. An interest in a Fund offered in this PDS will only be issued after we have accepted a properly completed Application Form (issued with this PDS) and cleared funds necessary to pay for the investment. Investment in the Funds on the basis of the electronic PDS is only available to a person receiving the electronic PDS in Australia and who is a resident of Australia at that time. A cooling-off period exists. Please see page 23 for details. Please note that if you leave the Funds within any given time period after joining, you may get back less than the amount you paid in because of the level of investment earnings achieved by the Fund and fees payable. This PDS may be updated or replaced from time to time. Copies of the current PDS are available free of charge by contacting our Client Services Team on

3 Suncorp Investment Funds Supplementary Product Disclosure Statement

4 2 March 2011 Suncorp Investment Funds Dated: 2 March 2011 (name change effective on or about 15 March 2011) Issuer: ABN: AFSL: SIM Funds Management Limited ( SIM ) About this Supplementary Product Disclosure Statement This is a Supplementary Product Disclosure Statement ( SPDS ) for the Suncorp Investment Funds Product Disclosure Statement dated 30 June 2006 ( PDS ) and incorporates all of the information contained in the previous Supplementary Product Disclosure Statements dated 23 November 2010, 5 October 2010, 31 March 2009, 16 December 2008 and 18 March 2008 (the previous SPDSs ) issued by Suncorp Metway Investment Management Limited ABN , AFS Licence No: ( Responsible Entity ). This SPDS must be read together with the PDS and covers the following funds: Suncorp Cash Fund (ARSN ) Suncorp Conservative Fund (ARSN ) Suncorp Balanced Fund (ARSN ) Suncorp Growth Fund (ARSN ) Suncorp Australian Shares Fund (ARSN ) Suncorp Imputation Fund (ARSN ) Suncorp Global Shares Fund (ARSN ) Suncorp Property Growth Fund (ARSN ) Purpose of this SPDS The purpose of this SPDS is to make changes required as a result of the acquisition of Suncorp Metway Investment Management Limited by Nikko Asset Management Singapore Limited, a wholly owned subsidiary of Nikko Asset Management Co., Ltd. ( Nikko AM ) on 1 March 2011 and to consolidate the previous SPDs. Suncorp Metway Investment Management Limited will change its name to SIM Funds Management Limited on or about 15 March Changes throughout the document Unless otherwise stated, terms defined in the PDS have the same meaning in this SPDS. All references in the PDS to the Suncorp Investment Management Trusts are deleted and replaced with SIM Trusts. All references in the PDS to Suncorp Metway Investment Management and SMIML are deleted and replaced with SIM Funds Management Limited and SIM respectively. 2

5 Inside Front Cover Replace the Contact details and Disclaimer on the inside front cover of the product disclosure statement ( PDS ) with the following: Suncorp Investment Funds Investment Funds Client Services Facsimile Number (07) Address Website Postal Address direct@suncorp.com.au suncorp.com.au Suncorp Investment Funds (LS035) GPO Box 1453 BRISBANE QLD 4001 This document has been prepared without taking into account your particular objectives, financial situation or needs. For that reason, before acting on the content within this document you should consider the appropriateness of the content having regard to your own objectives, financial situation and needs. This is a Product Disclosure Statement dated 30 June 2006, as supplemented by a Supplementary Product Disclosure Statement dated 2 March 2011 ( SPDS ) (together the PDS ). The PDS has been prepared by the Responsible Entity, SIM Funds Management Limited (ABN , AFS Licence No: ) (referred to throughout this PDS as SIM, responsible entity, we, our or us ) and you and your means an investor in any of the Funds. The trusts offered for investment in this PDS are referred to collectively as the Suncorp Investment Funds Fund or Funds. Suncorp Custodian Services Pty Ltd (ABN , AFSL ) ( SCUS ) is the custodian for the Funds under a Custody Agreement. SCUS s role as custodian is limited to holding assets of the Funds as agent of the Responsible Entity. SCUS has no supervisory role in relation to the operation of the Funds and is not responsible for protecting your interests. SCUS has no liability or responsibility to you for any act done or omission made in accordance with the terms of the Custody Agreement. SIM is a subsidiary of Nikko Asset Management Co., Ltd. ( Nikko AM ). The obligations of SIM are not guaranteed by Nikko AM or any related body corporate of Nikko AM. Except as otherwise stated, Nikko AM and its subsidiaries do not guarantee the repayment of capital invested in or the investment performance of the Funds. An interest in a Fund is not a bank deposit or other bank liability and is subject to investment risk including possible delays in repayment, up and down fluctuations in the value of investments and loss of the principal invested and any amounts re-invested. References to Suncorp are a reference to Suncorp Group Limited ABN Suncorp and each of its subsidiaries. Suncorp has consented to the use of its name in the PDS in the form and context of which it appears and that consent has not been withdrawn before the date of the SPDS. The obligations of SIM are not guaranteed by Suncorp or any related body corporate of Suncorp. Except as otherwise stated, Suncorp and its subsidiaries do not guarantee the repayment of capital invested in or the investment performance of the Funds. An interest in a Fund is not a bank deposit or other bank liability and is subject to investment risk including possible delays in repayment, up and down fluctuations in the value of investments and loss of the principal invested and any amounts re-invested. It is recommended that you consult a financial adviser who is a financial services licensee or an authorised representative of a financial services licensee before you invest. A financial adviser will be able to advise you about the financial implications of an investment in the Funds and how it may affect your particular circumstances. An interest in a Fund offered in this PDS will only be issued after we have accepted a properly completed Application Form (issued with this PDS) and cleared funds necessary to pay for the investment. Investment in the Funds on the basis of the electronic PDS is only available to a person receiving the electronic PDS in Australia and who is a resident of Australia at that time. A cooling-off period exists. Please see page 23 for details. Please note that if you leave the Funds within any given time period after joining, you may get back less than the amount you paid in because of the level of investment earnings achieved by the Fund and fees payable. This PDS may be updated or replaced from time to time. Copies of the current PDS are available free of charge by contacting our Client Services Team on Investment Funds 3

6 About the Suncorp Group On page 5 and page 6, replace the heading About the Suncorp Group with About SIM Funds Management Limited On page 5, delete all paragraphs describing the Suncorp Group, Suncorp Wealth Management and Suncorp Investment Management and replace with the following: SIM Funds Management Limited ( SIM ) is a wholly owned subsidiary of Nikko Asset Management Co., Ltd. ( Nikko AM ), which is one of the largest asset management companies in Japan with approximately A$125 billion in funds under management as at 31 December Additionally, approximately A$22 billion is managed by its Australian investment teams on behalf of retail and institutional investors, private clients, superannuation funds and charitable trusts. SIM strives to thoroughly understand the needs of its clients by tailoring solutions to meet their objectives, being adaptive and maintaining a thorough research-driven investment process. Its active style, disciplined processes and strong focus on risk are designed to add value to clients funds over the longer term. Russell Investment Management Limited (ABN , Australian Financial Services Licence No ) ( Russell ) has been appointed by SIM to manage the following underlying SIM Trusts ( SIMTs ): the SIM Australian Equities Trust, SIM Property Securities Trust and SIM Imputation Trust. These Trusts are managed using an enhanced index style. Russell uses various risk models and optimisation techniques, with the primary aim of tracking the relevant benchmarks within an agreed margin, while taking advantage of opportunities for outperformance (for example during corporate actions events) and while keeping trading costs down to a reasonable level. With more than A$151 billion in assets under management as at 31 December 2010, Russell serves individual, institutional and adviser clients in more than 47 countries. Russell provides access to some of the world s best money managers. It helps investors put this access to work in large superannuation funds and in the life savings of individual investors. How are the Funds invested? On page 7, delete both paragraphs under the heading How are the Funds invested? and replace with the following: The Funds generally gain exposure to underlying assets such as Australian shares, overseas shares, listed property trusts, cash and fixed interest securities via investments into managed investment schemes managed by SIM (including the SIM Trusts) and Tyndall Investment Management Limited (ABN , AFS Licence No.: ). By investing the Funds in this way, investors are able to access large and diversified pools of assets that are managed in a manner consistent with the investment objectives and strategy of the Funds. These investments will be supplemented with positions in money market securities and derivatives in order to manage cash flows and asset allocation changes. The performance of the Funds will consequently reflect movements in these money market securities, derivatives, SIMTs and other managed investment schemes. Russell Investment Management Limited (ABN Australian Financial Services Licence No ) ( Russell ) has been appointed by SIM to manage the following underlying SIM Trusts ( SIMTs ): the SIM Australian Equities Trust, SIM Property Securities Trust and SIM Imputation Trust. These Trusts are managed using an enhanced index style. Russell uses various risk models and optimisation techniques, with the primary aim of tracking the relevant benchmarks within an agreed margin, while taking advantage of opportunities for outperformance (for example during corporate actions events) and while keeping trading costs down to a reasonable level. With the appointment of Russell, investors were offered a reduction in the Ongoing Fee for the Suncorp Australian Shares Fund and Suncorp Imputation Fund. The fee reduction took effect on 18 February 2008 and will continue until the management arrangements with Russell are terminated. The appointment of Russell does not affect the investment objectives of the Suncorp Australian Shares Fund, Suncorp Imputation Fund or the Suncorp Property Growth Fund. Investment options Fund Summary In footnote 3 on page 11, add the following: The Ongoing Fee for the Suncorp Australian Shares Fund and Suncorp Imputation Fund decreased from 1.95% p.a. to 1.45% p.a. on 18 February The Ongoing Fee for the Suncorp Property Growth Fund remains unchanged. 4

7 In footnote 5, add the following: All references in the PDS on pages to fund sizes are deleted and replaced with the following amounts as at 31 December 2010: Suncorp Cash Fund Suncorp Conservative Fund Suncorp Balanced Fund Suncorp Growth Fund Suncorp Property Growth Fund Suncorp Imputation Fund Suncorp Australian Shares Fund $1.17m $82.79m $26.17m $114.44m $6.86m $31.07m $51.96m Suncorp Global Shares Fund $4.64m Investment options pages All references in the PDS on pages regarding performance of the Funds including performance graphs are to be deleted. Updated unit prices and performance information can be found at: Suncorp Income Fund The Responsible Entity has decided to wind up the Suncorp Income Fund (ARSN ) and as at 1 March 2011, this process was underway. As a consequence, all references in the PDS to the Suncorp Income Fund, including the Fund profile on page 13, are deleted. Suncorp Conservative Fund On page 14, in the table under Investment Guidelines showing the Asset Range for Australian Fixed Interest, delete 50% to 90% and replace with 10% to 90%. All other Asset Classes and Benchmarks remain unchanged. Suncorp Balanced Fund and Suncorp Growth Fund On pages 15 and 16, delete the footnote marked * under the table in the Investment Guidelines section. Suncorp Imputation Fund On page 18, the Ongoing Fee was decreased from 1.95% p.a. to 1.45% p.a. from 18 February Suncorp Australian Shares Fund On page 19, the Ongoing Fee was decreased from 1.95% p.a. to 1.45% p.a. from 18 February Suncorp Global Shares Fund On page 20, replace the paragraph and table under the heading Manager Allocation with the following: The Fund gains exposure to international equities via investment into the SIM World Equities Trust ( SIMWET ), which is also managed by SIM. When it comes to investing in overseas sharemarkets, SIM utilises the expertise of external international investment managers. Through a multimanager structure, SIM expects active, bottom-up stock selection to be the primary source of active performance. The nature of investments and the process that SIM uses to monitor the portfolio means that investment managers and their portfolio weights may change without notice. Investment Funds 5

8 The Trust is structured across three styles/sectors: global growth, global value and emerging markets, with one or two managers in each. The global value and global growth managers predominantly invest in developed markets. The allocation to emerging markets is significantly smaller than the value and growth exposures. The current managers and their neutral allocations are: Walter Scott & Partners (Edinburgh, UK) 20% Epoch Investment Partners (New York, USA) 20% Davis Selected Advisers (New York, USA) 20% Principal Global Investors (Des Moines, USA) 20% Schroder Investment Management (London, UK) 10% Tyndall (Cash/Overlay) (Sydney, Australia) 10% The investment team reviews the existing managers through daily monitoring, regular contact and onsite visits and regularly reviews alternative managers. The allocations to sectors/managers are determined by the investment team based on the ongoing review of the managers and market conditions with the goal of optimising the portfolio s risk/return profile. The allocations above may change consistent with this process. Management of your account On page 22, replace the second paragraph and following two dot points in the section headed Fixed Payment Plan with the following: The Fixed Payment Plan is only available for the Suncorp Conservative Fund and only when you have at least $20,000 in your Fund at the time of application for the Payment Plan. The minimum fixed payment amount you may choose is $200 per quarter. Fees and Other Costs On page 26, under the heading Management Costs, the management cost has been reduced from 1.95% p.a. to 1.45% p.a. for the Suncorp Australian Shares Fund and Suncorp Imputation Fund. On page 27, replace the table in the section titled Withdrawal fee for Nil Contribution Fee option worked example with the following table: Amount Contributed Date of Contribution Date of Withdrawal Withdrawal Fee Withdrawal Fee Applicable (%) Amount ($) $10,000 1 January June % $400 $500 1 July July % $20 $500 1 September September 2014 Nil Nil On page 28, replace the first paragraph under the heading Indirect Fees with the following: The Suncorp Conservative Fund, Suncorp Balanced Fund and Suncorp Growth Fund pay brokerage fees on the derivatives they hold directly. The remaining Funds currently do not pay any brokerage, however the SIMTs and other underlying managed funds pay brokerage and transaction fees. As the Funds invest into the SIMTs and other managed funds, any fees paid at the SIMT or other managed fund level indirectly have an effect on the unit price and the performance of the Funds. 6

9 On page 28, delete the second paragraph in the section entitled Adviser Commission and replace the first paragraph with the following: The adviser selling you the Funds may receive payment for the sale. Details of this payment will be in the Financial Services Guide and Statement of Advice, which your adviser will give you. A payment may be in the form of salary, bonus, or commission depending upon the adviser s relationship with their employer. All commission paid to an adviser is paid by a member of the Nikko AM group and is not an additional charge to you. Additional Information On page 32, replace the paragraph under the heading Disclosure of interest with the following: When investing assets of the Funds, the Responsible Entity may acquire investments directly or may invest indirectly by acquiring interests in other managed investment schemes, both registered and unregistered. Some of these schemes may be managed by entities which are related to, or subsidiaries of, Nikko AM. If a Fund invests into a fund managed by a member of the Nikko AM group, we charge only one ongoing fee. Companies which are related to Nikko AM, their employees, and any other scheme we manage may invest in the Funds. Anti-Money Laundering and Counter-Terrorism Financing On page 32, the following information is added after the heading Disclosure of interest : Anti-Money Laundering and Counter-Terrorism Financing The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 ( AML/CTF Act ) requires investment providers, like us, to collect certain information about each investor, supported by relevant identification documents and verify their identity. In the event of delay or failure by the investor to produce any information required for identification purposes, we legally cannot proceed with the investment application. We are required to delay or refuse any request or transaction, including suspending the issue or withdrawal of units, if we are concerned that the request may breach any obligation of, or cause us to commit or participate in an offence under the AML/CTF Act, and we will not incur any liability if we do so. Where an initial application is made, we are required by law to identify all parties to the application prior to accepting the application. Therefore, if we fail to receive all requested information together with your application, your application monies will be held in an interest-bearing account pending the provision of the required relevant information. Any interest earned on the account will be kept by us. Once we receive the remaining information, your application will be given value as at the date of receipt of the final piece of required information. Complaint and dispute resolution The references to Financial Industry Complaints Service and FICS in the What We Will Do section on page 34 are replaced by Financial Ombudsman Service and FOS respectively. On page 34, the following information replaces the section under the heading Financial Industry Complaints Service : Since 1 July 2008, the dispute resolution previously conducted by the Financial Industry Complaints Service (FICS) has been conducted by the Financial Ombudsman Service Limited (FOS). Investment Funds 7

10 Financial Ombudsman Service Limited (FOS) FOS is a free service for you and a totally independent and impartial body. SIM is a member of FOS (membership number 10910). FOS will deal with your complaint or dispute directly or follow up the matter on your behalf. If you want more information on FOS, please ask us. You can also contact FOS by: Phoning: (for the cost of a local call*) Faxing: or Writing to: Financial Ombudsman Service Limited GPO Box 3 Melbourne VIC * A higher charge may apply for public telephones and mobile phones. Completing the Application Form On page 36, delete the column headed Documentation required from the table. The Application Form on pages is replaced by the corresponding form on pages 9 15 of this SPDS. Replace the Direct Debit Request Form on page 33 with the corresponding form on page 17 of this SPDS. The Additional Application Form on pages is replaced by the corresponding form on pages of this SPDS. Suncorp Investment Funds Delete the contents of page 49. On page 28, replace the first paragraph under the heading Indirect Fees with the following: Inside back cover Replace the text on the inside back cover with the following: Various products and services are provided by the different entities which are related to SIM and Nikko AM. The different entities in the Nikko AM group are not responsible for or liable in respect of products or services provided by other entities in the group. 8

11 By completing this form, you acknowledge that you have received and read all parts of this PDS, including the Supplementary PDS issued 2 March SECTION 1 INVESTOR DETAILS Suncorp Investment Funds Application Form Issued by SIM Funds Management Limited ABN: AFS Licence No: Dated: 2 March 2011 Please use CAPITAL letters and boxes where needed. Please use the Additional Application Form if you are making an additional investment. Investment Name Set-up Complete the following sections: Investment Account Type Complete Name Details Individual Question 1A then go to 5 Joint Question 1A & 1B then go to 5 Australian company Question 2 then go to 5 Trustee Question 1A & 1B or 2 then go to 3 Sole trader with registered business Question 1A, 2 then go to 5 1. Individual / Joint Owners 1a. Name 1b. Name (Joint Investor) Joint Investments Title: Surname: Given Names: D.O.B. (dd/mm/yy): / / Title: Surname: Given Names: D.O.B. (dd/mm/yy): / / Both signatures required for transactions on the investment (No PIN will be issued) If box not ticked, only 1 signature will be required to transact on the investment. Joint investments to be treated as tenants in common (if box not ticked applicants will be treated as joint tenants) 2. Australian Company / Sole Trader with registered business Full company name / registered business name: Australian Company Number (ACN): (if any) Australian Business Number (ABN): (if any) Name (1): Name (2): Registered office address: (PO Box is not acceptable) Principal place of business address: (if same as above, write as above ) Phone Number: Investment Funds 9

12 2. Australian Company / Sole Trader with registered business (continued) To be completed for private Australian companies Please provide the names of each director Surname: Surname: Surname: Given Names: Given Names: Given Names: If there are more directors, please provide on a separate sheet Please provide the names and residential address of all beneficial owners where the share holding is greater than 25% Surname: Given Names: Residential address: Surname: Given Names: Residential address: Surname: Given Names: Residential address: 3. Trust Details (Please provide the name of the Superannuation Fund, Trust Beneficiaries, or Deceased Estate in this section.) Full name of trust: Full business name (if any): Country where trust established: Contact Name: ABN (if any): Contact Number: 4. Investing on behalf of a minor Full name of minor: D.O.B (dd/mm/yy) / / Please note, if you are investing on behalf of a minor the identification forms that need to be completed are the individuals or joint investors forms. 5. Contact Details Daytime Phone Number: Mobile Number: Residential or Registered Business Address: (PO Box is not acceptable) Suburb: Postal Address (If Applicable): Suburb: State: State: Postcode: Postcode: 10

13 SECTION 2 TAX FILE NUMBER DETAILS Collection of Tax File Numbers (TFNs) is authorised, and their use and disclosure strictly regulated, by tax laws and the Privacy Act. It is not an offence if you do not provide a TFN, but if no TFN or Australian Business Number (ABN) are quoted or no exemption is claimed before a distribution is declared, tax will be deducted at the highest marginal rate of taxation. For more information about the use of TFNs, please phone your nearest Tax Office. Investor 1 / Company / Trustee Tax File Number OR Australian Business Number OR Exemption Investor 2 Tax File Number OR Australian Business Number OR Exemption SECTION 3 INVESTMENT DETAILS Investment deposit via cheque payable to: SCUS Suncorp Investment Funds Minimum Requirements Entry Type Initial Deposit Additional Initial Deposit Monthly Monthly Contribution Fee $2,000 $1,000 $100 $100 Nil Contribution Fee $2,000 $1,000 n/a n/a Contribution Fee Fund Investment ($) Monthly Distribution Distribution Type* Distribution*** Amount Savings Plan** Type* Reinvest Paid to Fixed Payment $ per month (tick) Account (tick) Australian Shares Fund $ $ n/a Growth Fund $ $ n/a Property Growth Fund $ $ n/a Conservative Fund $ $ $ Global Shares Fund $ $ n/a Balanced Fund $ $ n/a Imputation Fund $ $ n/a Total Investment $ Nil Contribution Fee Fund Investment ($) Distribution Distribution Type* Distribution*** Amount Type* Reinvest Paid to Fixed Payment (tick) Account (tick) Australian Shares Fund $ $ n/a Growth Fund $ $ n/a Property Growth Fund $ $ n/a Conservative Fund $ $ $ Global Shares Fund $ $ n/a Balanced Fund $ $ n/a Imputation Fund $ $ n/a Cash Fund $ $ n/a Total Investment $ Investment Funds 11

14 *If no income distribution method is indicated, all distributions will be reinvested into the same Fund. ** For the Savings Plan you need to complete the Direct Debit Request Authority form. ***Distribution Distribution If you are investing at least $20,000 into the Suncorp Conservative Fund, you may utilise the Fixed Payment Plan. Please tick this box if you wish to have your monthly Savings Plan amount increased in line with the Consumer Price Index All Groups Australia ( CPI ) each year. Indexation occurs in July, based on the annual percentage movement in the CPI to March of the same year. SECTION 4 FINANCIAL INSTITUTION DETAILS Please provide details of the account you want your distributions and/ or PIN phone withdrawals paid into. Name of Bank/Building Society/Credit Union: Branch Address: BSB Number: Account Number: Name/s of Account Owner/s: SECTION 5 - PROOF OF IDENTITY FOR INDIVIDUALS, JOINT INVESTORS AND SOLE TRADERS If proof of identity has not been previously completed, you will need to prove your identity by selecting an item from PART A below, or if you cannot provide any of the listed documents, select two items from PART B. We require proof of identity BEFORE we can proceed with your instructions, if you are requesting a joint investment both investors must complete documentation for an individual. Documents written in a language other than English must be accompanied by an English translation prepared by an NAATI accredited translator (see PART A ACCEPTABLE PHOTOGRAPHIC IDENTIFICATION DOCUMENTS ONE ITEM REQUIRED Tick Select ONE item from this section, which MUST contain your NAME, PHOTO and either DATE OF BIRTH or RESIDENTIAL ADDRESS. A current driver s licence A current Australian passport (or one which has expired within the last two years) A current Proof of Age Card issued under an Australian State/Territory (including 18+ and Birth Cards) A current foreign passport or similar travel document also containing your signature issued by a government, the UN or agency of the UN A National Identity Card issued by a foreign government also containing your signature PART B OTHER ALTERNATIVE IDENTIFICATION DOCUMENTS - TWO ITEMS REQUIRED (this section is only required if a Part A item could not be provided) Tick Select ONE item from this section An Australian birth certificate/extract A citizenship certificate A foreign birth certificate issued by a government, the UN, or agency of the UN A current Centrelink Card; AND Tick Select ONE item from this section which MUST contain your NAME and RESIDENTIAL ADDRESS A notice issued by the Commonwealth, State or Territory within the last twelve months recording the provision of financial benefits to you A notice issued by the Australian Taxation Office within the last twelve months recording a debt payable by you to the Commonwealth (or by the Commonwealth to you) A notice issued by a local government body or utilities provider (eg. gas, electricity, phone) within the last three months recording the provision of services to your address or to you If you are under age 18, a letter written less than three months ago, from your school principal recording how long you have attended that school 12

15 PART C FOR USE WHERE RESIDENTIAL ADDRESS IS NOT IN AUS TRALIA OR NEW ZEALAND - ONE ADDITIONAL ITEM REQUIRED In addition to PART A requirements above please select: ONE additional item from Part A OR ONE item from any section in Part B. PART D ADDITIONAL REQUIRED DOCUMENTS IF YOU ARE A SOLE TRADER WITH A REGISTERED BUSINESS If you are a sole trader please provide the following: An original business name search eg CITEC or Office of Fair Trading (not greater than 7 days old) SECTION 6 REQUIREMENTS FOR OTHER BUSINESS ENTITIES PART A REQUIREMENTS FOR AN AUSTRALIAN COMPANY An original copy of the relevant ASIC database (not greater than 7 days old) PART B REQUIRED DOCUMENTS IF YOU ARE A TRUST, ASSOCIATION/UNINCORPORATED BODY OR PARTNERSHIP If you investing as any of the above please download the appropriate identification form from Complete the identification form and send in the required documentation along with your completed application form. CERTIFICATION PROCEDURE where not being assisted by an adviser If an adviser is not assisting you with this transaction, to prove your identity, you will need to: Take the originals of your selected identification documents to a certifier (see list below) who will certify that the original documents have been sighted, Ensure the certifier copies the originals and signs the copy confirming that it is a true copy of the original document and includes on the copy the date, their name and designation from the list below, and Mail this form and your certified copy/s of identification to us. (We cannot accept facsimiles or copies of the certified documents) ACCEPTABLE CERTIFIERS Who to see Australia Post Banking and other financial institutions Justice of the Peace Or Notary Public Legal Professionals/ Law Enforcement Accountants Financial Adviser Consular or Diplomatic Officer Conditions and definitions An agent of the Australian Postal Corporation who is in charge of an office supplying postal services to the public; or a permanent employee of the Australian Postal Corporation with two or more years of continuous service who is employed in an office supplying postal services to the public. An officer with two or more continuous years of service with one or more financial institutions or a finance company officer with two or more continuous years of service with one or more financial companies. This includes Suncorp and its subsidiaries. An individual appointed by the courts whose duties include certifying documents. A person who is enrolled on the roll of the Supreme Court of a State or Territory, or High Court of Australia, as a legal practitioner. Other professionals include a judge of a court; a magistrate; a chief executive officer of a Commonwealth court; a registrar or deputy registrar of a court, or a police officer. A member of the institute of Chartered Accountants in Australia, CPA Australia or the National Institute of Accountants with two or more years of continuous membership. An officer with, or authorised representative of, a holder of an Australian financial services licence, having two or more continuous years of service with one or more licensees. Please note however that if you are consulting face to face with your current financial adviser, the certification process is not required- see the following section Verification Procedure. An Australian Consular Officer or an Australian Diplomatic Officer. Investment Funds 13

16 VERIFICATION PROCEDURE to be completed by your financial adviser For individuals verify their full name and EITHER their date of birth or residential address from the ORIGINAL copies of identification documents provided above. For companies verify the full name of the company as per the searches carried out, whether it is a public or private company and their ACN. Ensure the individual has completed from Section 5 Part A, or Part B if the individual does not own a document from Part A, and Part C if residing overseas or Part D if investing as a sole trader with a registered business. Ensure for Australian companies Section 6 Part A has been completed. Complete this section to indicate the details of the verification procedure conducted Ensure original documentation is sighted when meeting the customer face to face (certified copies are only acceptable if you do not meet face to face and they must meet the requirements detailed in the section above) Verify that the documents have not expired or are within the time periods stipulated (e.g. an Australian passport which has expired in the last two years) ID DOCUMENT DETAILS Document 1 Document 2 (if using Part B or C) Verified From Original Certified Copy** Original Certified Copy** Document Type/Issuer Issue Date Expiry Date (if applicable) Document Number (if any) Accredited English Translation N/A Sighted* N/A Sighted* Verified Date / / / / Adviser s Name Adviser s Organisation Phone No. Adviser No * A verifier who is able to translate non-english proof of identification documents can do so, otherwise an NAATI accredited translator must provide the translation BEFORE verification can occur. ** Certified copies of documentation are only permitted where clients have not been assisted by a financial adviser. SECTION 7 PRIVACY STATEMENT Your privacy is very important to us and we have always believed that it should be protected. The Privacy Act 1988 ( Privacy Act ) requires us to have procedures in place to cover the collection, use and disclosure of personal information we may hold about individual investors. We need to collect personal information about you for the purpose of providing investment services including: assessing and deciding whether to accept your application for investment implementing any changes or amendments to your investment administering and managing your investment paying income distributions relevant to your investment processing redemptions from your investment. We are also required to collect pe rsonal information to meet the requirements of taxation law and to meet the requirements of anti-money laundering and counter terrorism-financing legislation. We only ask for information that is necessary for the purposes outlined in this statement. If you do not provide us with requested information, we may not be able to provide investment services to you. We will only disclose your personal information to people or organisations for the purposes outlined in this statement. SIM Funds Management Limited ( SIM ) is a wholly owned subsidiary of Nikko Asset Management Co., Ltd ( Nikko AM ). We do not disclose personal information to any outside third party organisation, unless it is contracted to SIM or Nikko AM to provide administrative services or activities relating to your investment on our behalf. In this case, we make sure that the third party is bound by the same privacy rules we follow. Such third parties may include: your adviser mailing houses the custodian and/or administrator legal and other professional advisers, and government departments. Sometimes, SIM might use your personal information provide you with additional information about the benefits of your investment, or to let you know about other products and services that we or other related companies provide. You can: request access to and update the personal information we hold about you get more information about SIM or Nikko AM, or obtain a copy of SIM s Privacy Policy by calling

17 SECTION 8 CONFIRMATION AND ACKNOWLEDGMENTS I/We have read the Suncorp Investment Funds PDS with an effective date of 30 June 2006 and the supplementary PDS with an effective date of 2 March 2011 and agree to be bound by the terms and conditions of the PDS, supplementary PDS and the Constitutions (as amended); I/We confirm that I/we received and accepted this offer in Australia and I am/we are residents of Australia. I/We acknowledge that where this PDS was received by me/us or my/our agent from the internet or by other electronicmeans, that I/we received it personally, or a paper print out of it, accompanied by or including this Application Form. I/We acknowledge that Nikko Asset Management Co., Ltd. and its subsidiaries and related companies (including SIM) do not guarantee the repayment of capital or the investment performance of any of the Funds. Your Company Seal goes here. I/We acknowledge that an investment in the Funds is not a bank deposit or other bank liability and is subject to investment risk including possible delays in repayment and loss of income and principal invested. I/We agree to release and indemnify SIM, against all actions, claims, costs and demands and losses, arising from or in any way relating to, SIM in good faith accepting or acting on any instructions (including any instructions to switch or withdraw investments) received by facsimile transmission which are, or are purported to be, signed by me/us (or any person authorised to sign any such instructions) or by s sent, or purported to be sent, from me/us. By signing this application, I/we agree to SIM collecting, using and disclosing my/our personal information, including sensitive and health information if applicable, in accordance with the Privacy Statement included in this Application Form and the SIM Privacy Policy. I/We confirm that if investing as trustee, on behalf of a trust, I/we are acting in accordance with my/our powers and authority under the trust deed. Before signing, applicants should read the PDS and the supplementary PDS in their entirety. Each applicant must sign this Application Form. If you are signing under Power of Attorney, you must attach a certified copy of the Power of Attorney. Applications by a trustee/s must be signed by each trustee. Signature Investor No. 1: Print Name: Date (dd/mm/yyyy): / / Signature Investor No. 2: Print Name: Date (dd/mm/yyyy): / / SECTION 9 ADVISER S SECTION Name: Adviser Number: Branch Number (if applicable): Business Phone: Referred by (if applicable): Referrer Adviser Number (if applicable): Referrer Branch Number (if applicable): Signature: Please Rebate % of my initial commission to the investor/s as additional units. (Full rebate = 100%) SECTION 10 CHECKLIST Is the application fully completed and signed by all investors? Have the TFN details sections been correctly completed? Have the correct Fund/s been nominated? If the Monthly Savings Plan has been selected, has the Direct Debit Request Form been completed? Has a non-negotiable cheque been provided for the total amount of the investment and attached to this application form? Have you attached appropriate documentation where indicated in sections 5 and 6? Please post your Application Form together with your cheque and proof of identity documents to: Suncorp Investment Funds (LS035) GPO Box 1453 Brisbane Qld 4001 If we do not receive a fully completed application form, required documentation and a non-negotiable cheque your application will not be processed until all documents are received by Suncorp. Investment Funds 15

18 This page has been left blank intentionally. 16

19 Direct Debit Request Form ( DDR Form ) REQUEST FOR DEBITING AMOUNTS TO ACCOUNTS BY THE DIRECT DEBIT SYSTEM Suncorp Investment Funds (LS035) Direct User Number: GPO Box 1453 BRISBANE QLD CUSTOMER DETAILS I/We, Surname or Company Name: Given Name/s: Authorise and request the Debit User, SIM Funds Management Limited (User No ), to debit my/our account via the Bulk Electronic Clearing System from time to time in accordance with the instructions detailed below and or on the terms set out in the DDR Service Agreement (see page 44). I/We have read and understand the information in the DDR Service Agreement contained in the PDS with an effective date of 30 June Signature: Print Name: Date (dd/mm/yyyy): / / Print Title: Signature: Print Name: Date (dd/mm/yyyy): / / (If joint account, all signatures may be required.) Print Title: Address: State: Postcode: 2. BANK AND ACCOUNT DETAILS Name of Bank/Building Society/Credit Union: Branch Address: BSB Number: Account Number: Name/s of Account Owner/s: Commencement Date (dd/mm/yy): 15/ /20 Note: Check with your financial institution that the account that you have nominated is compatible with the Direct Debit System. For example some passbook accounts are not compatible with the Direct Debit System. Investment Funds 17

20 This page has been left blank intentionally. 18

21 By completing this form, you acknowledge that you have received and read all parts of this PDS, including the Supplementary PDS issued 2 March SECTION 1 INVESTOR DETAILS Suncorp Investment Funds Additional Application Form Issued by SIM Funds Management Limited ABN: AFS Licence No: Dated: 2 March 2011 Please use CAPITAL letters and boxes where needed. Please use the Additional Application Form if you are making an additional investment. Investment Number: Investment Name/s: Date of Birth: Contact Details: Street No. and Name or PO Box: Suburb: Daytime Phone Number: State: Mobile Number: Postcode: SECTION 2 CONTRIBUTION DETAILS Investment deposit via cheque payable to: SCUS Suncorp Investment Funds Minimum Requirements Entry Type Initial Deposit Additional Initial Deposit Monthly Monthly Lump Sum Deposit Savings Program** Contribution Amount Contribution Fee $2,000 $1,000 $100 $100 Nil Contribution Fee $2,000 $1,000 n/a n/a Contribution Fee Fund Investment ($) Monthly Distribution Distribution Type* Distribution*** Amount Savings Plan** Type* Reinvest Paid to Fixed Payment $ per month (tick) Account (tick) Australian Shares Fund $ $ n/a Growth Fund $ $ n/a Property Growth Fund $ $ n/a Conservative Fund $ $ $ Global Shares Fund $ $ n/a Balanced Fund $ $ n/a Imputation Fund $ $ n/a Total Investment $ Investment Funds 19

22 Nil Contribution Fee Fund Investment ($) Distribution Distribution Type* Distribution*** Amount Type* Reinvest Paid to Fixed Payment (tick) Account (tick) Australian Shares Fund $ $ n/a Growth Fund $ $ n/a Property Growth Fund $ $ n/a Conservative Fund $ $ $ Global Shares Fund $ $ n/a Balanced Fund $ $ n/a Imputation Fund $ $ n/a Cash Fund $ $ n/a Total Investment $ *If no income distribution method is indicated, all distributions will be reinvested into the same Fund. ** For the Savings Plan you need to complete the Direct Debit Request Authority form. ***Distribution If you are investing at least $20,000 into the Suncorp Conservative Fund, you may utilise the Fixed Payment Plan. Please tick this box if you wish to have your monthly Savings Plan amount increased in line with the Consumer Price Index All Groups Australia ( CPI ) each year. Indexation occurs in July, based on the annual percentage movement in the CPI to March of the same year. SECTION 3 CHANGE OF FINANCIAL INSTITUTION DETAILS Name of Bank/Building Society/Credit Union: Branch Address: BSB Number: Account Number: Name/s of Account Owner/s: 20

23 SECTION 4 PRIVACY STATEMENT Your privacy is very important to us and we have always believed that it should be protected. The Privacy Act 1988 ( Privacy Act ) requires us to have procedures in place to cover the collection, use and disclosure of personal information we may hold about individual investors. We need to collect personal information about you for the purpose of providing investment services including: assessing and deciding whether to accept your application for investment implementing any changes or amendments to your investment administering and managing your investment paying income distributions relevant to your investment processing redemptions from your investment. We are also required to collect personal information to meet the requirements of taxation law and to meet the requirements of anti-money laundering and counter terrorism-financing legislation. We only ask for information that is necessary for the purposes outlined in this statement. If you do not provide us with requested information, we may not be able to provide investment services to you. We will only disclose your personal information to people or organisations for the purposes outlined in this statement. SIM Funds Management Limited ( SIM ) is a wholly owned subsidiary of Nikko Asset Management Co., Ltd ( Nikko AM ). We do not disclose personal information to any outside third party organisation, unless it is contracted to SIM or Nikko AM to provide administrative services or activities relating to your investment on our behalf. In this case, we make sure that the third party is bound by the same privacy rules we follow. Such third parties may include: your adviser mailing houses the custodian and/or administrator legal and other professional advisers, and government departments. Sometimes, SIM might use your personal information provide you with additional information about the benefits of your investment, or to let you know about other products and services that we or other related companies provide. You can: request access to and update the personal information we hold about you get more information about SIM or Nikko AM, or obtain a copy of SIM s Privacy Policy by calling SECTION 5 CONFIRMATION AND ACKNOWLEDGMENTS I/We have read the Suncorp Investment Funds PDS with an effective date of 30 June 2006 and the supplementary PDS with an effective date of 2 March 2011 and agree to be bound by the terms and conditions of the PDS, supplementary Your Company Seal goes here. PDS and the Constitutions (as amended); I/We confirm that I/we received and accepted this offer in Australia and I am/we are residents of Australia. I/We acknowledge that where this PDS was received by me/us or my/our agent from the internet or by other electronicmeans, that I/we received it personally, or a paper print out of it, accompanied by or including this Application Form. I/We acknowledge that Nikko Asset Management Co., Ltd. and its subsidiaries and related companies (including SIM) do not guarantee the repayment of capital or the investment performance of any of the Funds. I/We acknowledge that an investment in the Funds is not a bank deposit or other bank liability and is subject to investment risk including possible delays in repayment and loss of income and principal invested. I/We agree to release and indemnify SIM, against all actions, claims, costs and demands and losses, arising from or in any way relating to, SIM in good faith accepting or acting on any instructions (including any instructions to switch or withdraw investments) received by facsimile transmission which are, or are purported to be, signed by me/us (or any person authorised to sign any such instructions) or by s sent, or purported to be sent, from me/us. By signing this application, I/we agree to SIM collecting, using and disclosing my/our personal information, including sensitive and health information if applicable, in accordance with the Privacy Statement included in this Application Form and the SIM Privacy Policy. I/We confirm that if investing as trustee, on behalf of a trust, I/we are acting in accordance with my/our powers and authority under the trust deed. Before signing, applicants should read the PDS and the supplementary PDS in their entirety. Each applicant must sign this Additional Application Form. If you are signing under Power of Attorney, you must attach a certified copy of the Power of Attorney. Applications by a trustee/s must be signed by each trustee. Signature Investor No. 1: Print Name: Date (dd/mm/yyyy): / / Signature Investor No. 2: Print Name: Date (dd/mm/yyyy): / / Investment Funds 21