BURRELL STOCKBROKING & SUPERANNUATION INVESTMENT MANAGEMENT SERVICES INVESTMENT MENU DATED 3 APRIL

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1 BURRELL STOCKBROKING & SUPERANNUATION INVESTMENT MANAGEMENT SERVICES INVESTMENT MENU DATED 3 APRIL THIS INVESTMENT MENU IS ISSUED BY PRAEMIUM AUSTRALIA LIMITED (ABN , AFSL ). THE INFORMATION IN THIS DOCUMENT FORMS PART OF THE FOLLOWING PRODUCT DISCLOSURE STATEMENT: BURRELL INVESTMENT MANAGEMENT SERVICES PRODUCT DISCLOSURE STATEMENT (PDS) DATED 3 APRIL 2018.

2 Burrell Investment Management Services CONTENTS Model Portfolio Managers and Model profiles PW Unrestricted KICS Unrestricted 6 The Burrell 35 7 The Burrell Moderate Growth Portfolio 8 The Burrell Balanced Portfolio 9 Bennelong ex-20 Australian Equities 10 Contact details for enquiries about Burrell Investment Management Services General number for enquiries: enquiries: support@praemium.com.au The name and contact details of the Responsible Entity are: Praemium Australia Limited Level 19, 367 Collins Street Melbourne VIC 3000 PO Box 322 Collins Street West MELBOURNE VIC support@praemium.com.au Website: 2

3 Model Portfolio Managers and Model profiles Pty Ltd Pty Ltd [ABN: , AFSL: ] remains one of the last privately held broking firms in the country. Established in 1937, Burrell is proud to have achieved 79 years in the business. This longevity stems from the personal attention, expert advice and wealth of experience we continue to bring our clients. A proud privately-owned Queensland business, we ve grown to over 50 staff with offices in Brisbane, Bundaberg, Emerald, Ipswich, Maroochydore, Southport, and Tasmania. From this base, we visit regional centres and work with clients around Australia. Burrell is not owned by a bank or other financial institution and we are independent of product providers. Bennelong Funds Management Ltd Established in 2001, Bennelong Funds Management is a boutique funds management business. It currently has investment management capabilities in Australian equities, global equities, Australian long short and property. Bennelong Funds Management is a wholly owned subsidiary of the Bennelong Group, a privately owned funds management and private equity business. While the Group owns and manages significant business globally, it also measures its success through contributing to positive and lasting change in the wider community via the Bennelong Foundation. We offer a level of personal service that many bigger commercial firms are unable to match. Our trading, broking, research and inhouse stock clearing and settlement teams are close enough that we can afford to interact with our clients as individuals on a first name basis rather than as account numbers. We re proud to attest that we know our clients and our clients know us. As well as a dedicated inhouse research team, Burrell has alliances with major Australian research houses and broking firms which provide access to a national network of research compiled by renowned analysts and experts. Access to these networks gives Burrells a platform to provide exceptional portfolio and fund management services. Our investment philosophy is to focus on long term growth not short term gains, and we like to measure returns. The portfolios Burrell manages are designed to build wealth over time. Our experience, independence, expert managers and personal service is what makes Burrell s different and able to continually achieve the desired results of our clients. 3

4 Model Portfolio Profile: BS Investment objective: To achieve capital growth over the medium to long term with close correlation to the S&P/ASX20 Index and to provide income through the receipt of franked dividends. S&P/ASX 20 Accumulation Index No fixed minimum Seek market returns and market risk. Indirect Cost Ratio (approx) 0.18% p.a. 0.00% p.a The Burrell Top 20 comprises the top 20 stock in the S&P index measured by market capitalisation, subject to a small degree of substitution based on research reports and other insights from. Australian Equities Cash

5 Model Portfolio Profile: BS PW Unrestricted Investment objective: The investment objective is to achieve capital growth over the medium to long term with reasonable correlation to the S&P ASX 20 Index and to provide income through the receipt of franked dividends. The model portfolio will comply with the professional service firm s conflict requirements. Designed for investors who seek market returns and market risk via a portfolio of large capitalisation stocks that are consistent with the firm s conflict clearance register. The model portfolio will be screened against the conflict clearance register on a regular basis. The Burrell Top 20 - PW Unrestricted comprises the top 20 stocks in the S&P index measured by market capitalisation, after excluding stocks on the firm s conflict register. Substitution will primarily be based on market capitalisation, subject to a degree of substitution based on research reports and other insight from. Where research suggests valuation concerns, stocks may be substituted and reweighted accordingly. S&P/ASX 20 Accumulation Index $2, % p.a. Indirect Cost Ratio (approx) 0.00% p.a Australian Equities Cash

6 Model Portfolio Profile: BS KICS Unrestricted Investment objective: The investment objective is to achieve capital growth over the medium to long term with reasonable correlation to the S&P ASX 20 Index and to provide income through the receipt of franked dividends. The model portfolio will comply with the professional service firm s conflict requirements. Designed for investors who seek market returns and market risk via a portfolio of large capitalisation stocks that are consistent with the firm s conflict clearance register. The model portfolio will be screened against the conflict clearance register on a regular basis. The Burrell Top 20 - KICS Unrestricted comprises the top 20 stocks in the S&P index measured by market capitalisation, after excluding stocks on the firm s conflict register. Substitution will primarily be based on market capitalisation, subject to a degree of substitution based on research reports and other insight from. Where research suggests valuation concerns, stocks may be substituted and reweighted accordingly. S&P/ASX 20 Accumulation Index $2, % p.a. Indirect Cost Ratio (approx) 0.06% p.a Australian Equities Cash

7 Model Portfolio Profile: BS0004 The Burrell 35 Investment objective: The investment objective is to achieve capital growth over the medium to long term and to provide income through the receipt of franked dividends. Seek equity returns of inflation plus 5% over the medium term while controlling portfolio risk; The portfolio has a majority of large capitalisation stocks, supported by a selection of stocks outside the Top 20 (colloquially referred to as X 20); and Are comfortable with equity volatility, and are prepared to take equity risk in exchange for potentially higher returns on their investment over the longer term. The Burrell 35 comprises 35 top stock selections as chosen on a value and risk adjusted basis in the S&P ASX 200 index. Burrell s approach is to select predominately value and Growth at Reasonable Price (GARP) stocks. We take a fundamental approach to investment selection. Valuations and independent research are considered. S&P/ASX 200 Accumulation Index $5, % p.a. Indirect Cost Ratio (approx) 0.02% p.a Australian Equities Property 0 10 Cash

8 Model Portfolio Profile: BS0005 The Burrell Moderate Growth Portfolio Investment objective: The investment objective is to achieve stable returns through effective asset allocation across diversified asset classes. Seek returns higher than Fixed Interest and are willing to accept some investment risk; and Seek an investment return over a 5-7 year timeframe. The Burrell Moderate Growth Portfolio comprises listed investments chosen by the Burrell Investment & Research Committee. The Committee has a bias to Australian equities, but looking to smooth returns by including other asset classes. Morningstar Australian Multi-Sector Growth $5, % p.a. Indirect Cost Ratio (approx) 0.05% p.a Australian Equities International Equities 0 25 Property Fixed Interest Cash

9 Model Portfolio Profile: BS0006 The Burrell Balanced Portfolio Investment objective: The investment objective is to achieve stable returns through effective asset allocation across diversified asset classes. Seek returns higher than Fixed Interest and are willing to accept some investment risk, with a higher level of capital stability; and Seek an investment return over a 4-6 year timeframe. The Burrell Balanced Portfolio comprises listed investments chosen by the Burrell Investment & Research Committee. The Committee has a bias to Australian equities, but looking to smooth returns by including other asset classes. Morningstar Australian Multi-Sector Balanced $5, % p.a. Indirect Cost Ratio (approx) 0.06% p.a Australian Equities International Equities 0 20 Property Fixed Interest Cash

10 Model Portfolio Profile: BE0001 Bennelong ex-20 Australian Equities Investment objective: The investment objective of the Bennelong ex-20 Australian Equities Model Portfolio is to provide concentrated exposure to the S&P/ASX 300 Accumulation Index, outside of the large weighting associated with the top 20 stocks within the index. Bennelong Australian Equity Partners Pty Ltd (BAEP) Seek capital growth from a portfolio of Australian stocks outside of the top 20 stocks by market capitalisation; Seek diversification; Seek some income via dividends and franking credits; and Have a high tolerance for risk. BAEP have sought to provide a Model Portfolio that allows investors to diversify away from holding the majority of their portfolio in the top 20 stocks in the S&P/ASX 300 Accumulation Index by market capitalisation. BAEP s investment process aims to consistently deliver above-benchmark returns over the long term, while controlling risk within appropriate parameters. BAEP seeks to identify stocks that are likely to deliver aboveaverage earnings growth in the foreseeable future and are also attractively priced relative to the market. BAEP s team of highly experienced analysts undertakes comprehensive ongoing research to assess the earnings prospects and relative valuations of the stocks in their investment universe. BAEP s analysts assess each company s competitive position and the relative attractiveness of the industry in which it operates. Quantitative and qualitative assessments for each company are combined in an overall company score, which is a primary input into BAEP s portfolio construction process. Other inputs to this process include stock liquidity constraints, constraints on the size of individual stock positions, market sentiment and corporate/market activity considerations. S&P/ASX 300 Accumulation Index No fixed minimum Investment fee Base Performance (estimate)* Total (estimate)^ 0.70% p.a. 0.38% p.a. 1.08% p.a. Indirect Cost Ratio (approx) # 0.00% p.a. Performance fee 15.00% The performance fee is based on the Model s out-performance above the performance benchmark index, the S&P/ASX 300 Accumulation Index. Further details can be found under and other costs in the PDS. * - Performance (estimate) is based on the average fee per investor over the past 5 years p.a., and is a guide only. is only paid when absolute return is positive. ^ Investment fee - Total (estimate) is the sum of the Base and the Performance (estimate) Investment fees. # Indirect Cost Ratio (approx) does not include Cash Holding Fee; see PDS for. Australian Equities Cash