Global infrastructure also benefited from a falling Australian dollar but traded sideways in local currency terms.

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1 IPS Enhanced Index 70 (Super & TTR) Quarterly Report As of 30/06/2018 Second quarter 2018 Australian shares outperformed over the quarter as the falling local currency and strong demand for commodities pushed our miners higher. It is also likely that investors have rotated from emerging markets, which have fallen out of favour following the imposition of U.S. tariffs on China, into Australian shares. Global infrastructure also benefited from a falling Australian dollar but traded sideways in local currency terms. Emerging markets fell out of favour this quarter as President Donald Trump s escalating tariffs against China and China s forceful response raised fears that the world is in the early stages of a trade war. Emerging markets are likely to have the most to lose from a trade war therefore valuations fell across-the-board this quarter. Justin McLaughlin Chief Investment Officer

2 IPS Enhanced Index 70 (Super & TTR) As of 30/06/2018 Portfolio objective The WealthFoundations IPS Enhanced Index 70 portfolio is a portfolio of actively managed assets designed to achieve high returns over the long term. Performance^ Since inception (p.a.)** 3 years (p.a.) 2 years (p.a.) 1 year () 6 months () 3 months () 1 month () Total Return Volatility **Inception Date: 23/09/2014 Growth of $100 invested at inception ^ Time Period: 24/09/2014 to 30/06/ / / / / / / / /2018 ^ Performance data is after applicable fees and taxes, and assumes the reinvestment of distributions. Past performance is not indicative of future performance. Due to the flexibility of rebalancing and variations between accounts, performance shown is indicative only and, for example, assumes that there are no deposits, withdrawals nor exceptions to regular rebalancing in the model portfolio. Return and risk vs. peer group Time Period: 1/07/2015 to 30/06/2018 Peer Group (5-95): Insurance and Pension Funds - Australia - Superannuation - Multisector Growth What is a risk and return chart? The chart to the left shows the returns and associated risk of the model portfolio (darker shape) against its peers (light grey circles), over the past year. The past years return (as a percentage) is shown on the vertical axis. The risk (as measured by the standard deviation) of the investment over the past year is shown on the horizontal axis. Return () Risk Underlying funds APIR Code Global Broad Category Group Portfolio Weighting CLAL Fixed Interest Fund SSGA International Shares Fund Plato Australian Shares Fund Vanguard Listed Intl Infrastructure Fund Vanguard Emerging Markets Fund CLAL Cash Fund CVW0006AU Fixed Income CVW0016AU Equity CVW0011AU Equity CVW0010AU Equity CVW0017AU Equity CVW0005AU Money Market Page 1 of 4

3 IPS Enhanced Index 70 (Super & TTR) Performance of current underlying funds 3 Yr (p.a) 2 Yr (p.a) 1 Yr (p.a) 6 Mth () 3 Mth () 1 Mth () CLAL Fixed Interest Fund SSGA International Shares Fund Plato Australian Shares Fund Vanguard Listed Intl Infrastructure Fund Vanguard Emerging Markets Fund CLAL Cash Fund Asset class breakdown Cash 12.6 Australian Equities 14.9 Australian Fixed Interest 15.6 International Fixed Interest 12.0 International Equities 44.9 Equities: Market capitalisation Equities: Industry exposure Giant 43.4 Large 38.9 Mid 16.2 Small 1.5 Micro 0.1 Energy 8.1 Industrials 13.0 Consumer Staples 5.7 Financials 17.8 Telecom Services 2.3 Utilities 14.9 Materials 7.7 Consumer Discretionary 7.2 Healthcare 6.4 Information Technology 11.8 Real Estate 5.0 Equities: Geographical exposure North America 38.6 Latin America 2.1 United Kingdom 3.0 Europe developed 6.9 Europe emerging 1.2 Africa/Middle East 1.6 Australasia 24.9 Japan 4.9 Asia developed 6.8 Asia emerging 9.9 Fixed Interest: Credit quality AAA 36.9 AA 7.8 A 16.9 BBB 30.6 BB 5.0 B 2.1 Not Rated 0.7 Page 2 of 4

4 Top holdings of the underlying infrastructure, property and equity funds CVW WF-Vanguard Emerg Mrkts Idx(Super) - Top Holdings WealthFoundations Sector Portfolio Weighting Tencent Holdings Ltd Alibaba Group Holding Ltd ADR Samsung Electronics Co Ltd Taiwan Semiconductor Manufacturing Co Ltd Naspers Ltd Class N China Construction Bank Corp H Baidu Inc ADR China Mobile Ltd Industrial And Commercial Bank Of China Ltd H Ping An Insurance (Group) Co. of China Ltd H Technology 5.46 Consumer Cyclical 4.10 Technology 3.84 Technology 3.34 Technology 2.13 Financial Services 1.70 Technology 1.28 Communication Services 1.04 Financial Services 0.99 Financial Services 0.92 CVW WF-SSGA Intl Shares Fund Idx(Super) - Top Holdings Portfolio Date: 31/05/2018 Sector Portfolio Weighting Apple Inc Microsoft Corp Amazon.com Inc Facebook Inc A JPMorgan Chase & Co Johnson & Johnson Bank of America Corporation Alphabet Inc C Intel Corp Exxon Mobil Corp Technology 2.38 Technology 1.98 Consumer Cyclical 1.59 Technology 1.08 Financial Services 1.07 Healthcare 0.94 Financial Services 0.81 Technology 0.81 Technology 0.79 Energy 0.78 CVW WF-Plato Australian Shares (Super) - Top Holdings Portfolio Date: 31/07/2018 Sector Portfolio Weighting Commonwealth Bank of Australia BHP Billiton Ltd Westpac Banking Corp Australia and New Zealand Banking Group Ltd CSL Ltd National Australia Bank Ltd Wesfarmers Ltd Macquarie Group Ltd Woolworths Group Ltd Rio Tinto Ltd Financial Services 7.50 Basic Materials 6.64 Financial Services 6.35 Financial Services 5.73 Healthcare 5.50 Financial Services 4.61 Consumer Defensive 3.22 Financial Services 3.08 Consumer Defensive 2.74 Basic Materials 2.22 Page 3 of 4

5 Top holdings of the underlying infrastructure, property and equity funds CVW WF-Vanguard Gbl Infras Idx(Super) - Top Holdings WealthFoundations Sector Portfolio Weighting Union Pacific Corp NextEra Energy Inc American Tower Corp Enbridge Inc Canadian National Railway Co Duke Energy Corp CSX Corp Southern Co Crown Castle International Corp Dominion Energy Inc Industrials 5.94 Utilities 4.25 Communication Services 3.41 Energy 3.28 Industrials 3.28 Utilities 3.01 Industrials 2.90 Utilities 2.53 Real Estate 2.40 Utilities 2.40 Important Information This document is issued by ClearView Life Nominees Pty Ltd (ClearView) ABN AFS as Trustee for the ClearView Retirement Plan ABN which includes ClearView WealthFoundations Super and Pension, USI CVW0001AU. This document is not intended to represent investment or professional advice. This information does not take into account your individual objectives, financial circumstances or needs. You should assess whether the information is appropriate for you, having regard to your objectives, financial circumstances and needs. You should consider the disclosure documents when deciding whether or not to acquire or to continue to hold the investment. No representation or warranty is made as to the accuracy, completeness or reliability of any estimates, opinions, conclusions or other information contained in this document. This document may contain certain forward-looking statements. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of ClearView. You should not place reliance on forward-looking statements. To the maximum extent permitted by law, ClearView and its related entities and each of their respective directors, officers and agents disclaims all liability and responsibility for any direct or indirect loss or damage which may be suffered as a result of relying on anything in this document including any forward-looking statements. Past performance is not an indication of future performance. Page 4 of 4

WealthSolutions. IPS Enhanced Index 30 Quarterly Report. As of 31/12/2018. Fourth quarter 2018

WealthSolutions. IPS Enhanced Index 30 Quarterly Report. As of 31/12/2018. Fourth quarter 2018 IPS Enhanced Index 30 Quarterly Report As of 31/12/2018 Fourth quarter 2018 Global equity markets experienced one of their worst quarters since the Global Financial Crisis while cash and bonds made a comeback