ETFS Australian ETF Landscape

Transcription

1 S Australian Landscape Q S Australian Landscape 1

2 Securities Australia is an expert, independent provider of accessible investment solutions. We use transparent and cost effective exchange traded products (ETPs) to enable Australian investors to achieve their desired outcome, while also intelligently diversifying their portfolios. We also act as a dedicated source of actionable investor knowledge for Australian investors and their advisers. Securities Australia is backed by the expertise, resources and track record of the Securities Group, a leading global provider of specialist ETPs, who developed the world s first gold and oil ETPs. 2

3 Product Summary Australia Australian Equities MER S S&P/ 100 ZOZI 0.24% S&P/ 100 Quarterly AUS S S&P/ 300 High Yield Plus ZYAU 0.35% S&P/ 300 Shareholder Yield Quarterly AUS International Equities MER S S&P 500 High Yield Low Volatility ZYUS 0.35% S&P 500 Low Volatility High Dividend Quarterly AUS S EURO STOXX 50 ESTX 0.35% EURO STOXX 50 Semi-Annual AUS S Global Core Infrastructure CORE 0.45% plus expense recoveries up to a maximum of 0.10% p.a. Solactive Global Core Infrastructure Low Volatility Quarterly AUS Future Present MER S Morningstar Global Technology TECH 0.45% S ROBO Global Robotics and Automation ROBO 0.69% plus expense recoveries up to a maximum of 0.13% p.a. Morningstar Developed Markets Technology Moat Focus Semi-Annual AUS ROBO Global Robotics and Automation Annual AUS Currencies MER Replication S Physical Renminbi ZCNH 0.30% Exchange rate CNH/AUD Annual Physical S Physical US Dollar ZUSD 0.30% Exchange rate USD/AUD Annual Physical Commodities MER Replication Vault S Physical Singapore Gold ZGOL 0.40% LBMA* AM Gold Price Physical ANZ Singapore Vault S Physical Gold GOLD 0.40% Spot Gold LBMA* specifications Physical London, UK S Physical Platinum ETPMPT 0.49% Spot Platinum LPPM** specifications Physical Zurich, Switzerland S Physical Silver ETPMAG 0.49% Spot Silver LBMA* specifications Physical London, UK S Precious Metals Basket ETPMPM 0.44% Spot Precious Metal LBMA* and LPPM** specifications Physical Zurich, Switzerland & London, UK S Physical Palladium ETPMPD 0.49% Spot Palladium LPPM** specifications Physical Zurich, Switzerland * LBMA - London Bullion Market Association **LPPM - London Platinum and Palladium Market

4 Contents Equities Australia Broad-Based 5 Equities Australia Small/Mid Cap 6 Equities Australia High Yield 7 Equities Australia Sectors 9 Equities Australia Strategy 10 Equities Global Broad-Based 12 Equities Global Sectors 14 Equities Global Infrastructure 16 Equities Global Strategy 17 Equities United States 20 Equities Europe 22 Equities Asia Pacific 23 Equities Emerging Markets 25 Equities Leveraged/Short 26 Cash Australia 27 Fixed Income Australia 28 Fixed Income Global 31 Commodities Gold 33 Commodities Others 34 Foreign Exchange 35 Mixed Allocation 36 4

5 Equities - Australia Broad-Based S S&P/ 100 ZOZI 0.24% Seeks to replicate the performance* of the S&P/ 100. S&P/ Quarterly Quarterly BetaShares FTSE RAFI Australia 200 QOZ 0.40% Seeks to replicate the performance* of the FTSE RAFI Australia 200. FTSE RAFI Australia Semi-annual Annual ishares Core S&P/ 200 IOZ 0.15% Seeks to replicate the performance* of the S&P/ Accumulation 200. S&P/ Accumulation Quarterly Quarterly ishares S&P/ 20 ILC 0.24% Seeks to replicate the performance* of the S&P/ Accumuation 20. S&P/ Accumulation Quarterly Quarterly SPDR S&P/ 200 STW 0.19% Seeks to replicate the performance* of the S&P/ 200. SPDR S&P/ 50 SFY 0.286% Seeks to replicate the performance* of the S&P/ 50. Vanguard Australian Shares VAS 0.14% Seeks to replicate the performance* of the S&P/ 300. S&P/ Quarterly Quarterly S&P/ Quarterly Quarterly S&P/ Quarterly Semi-annual Vanguard MSCI Australian Large Companies VLC 0.20% Seeks to replicate the performance* of the MSCI Australian Shares Large Cap. MSCI Australian Shares Large Cap 30 Quarterly Quarterly 5

6 Equities - Australia Small/Mid Cap BetaShares Australian Ex-20 Portfolio Diversifier EX % Provide investment returns* that tracks the performance of the Nasdaq Australia Completion Cap. Nasdaq Australia Completion Cap 179 Semi-annual Quarterly BetaShares Australian Small Companies Select (Managed ) SMLL 0.39% plus 15.5% of performance about the benchmark Provide investors with capital growth and income* from a portfolio of small company shares listed on the. The aims to outperform the S&P/ Small Ordinaries Accumulation over the medium to long term. S&P/ Small Ordinaries ### 83 Semi-annual ishares S&P/ Small Ordinaries ISO 0.55% Seeks to replicate the performance* of the S&P/ Small Ordinaries Accumulation. S&P/ Small Ordinaries Accumulation 204 Semi-annual Quarterly K2 Australian Small Cap (Hedge ) KSM 1.31% plus 15.38% of amount NAV above high water mark with a 6% hurdle rate. Aims to achieve strong capital growth over the long term. The invests in Australian and New Zealand Small Cap listed equities. No benchmark available available SPDR S&P/ Small Ordinaries SSO 0.50% Seeks to replicate the performance* of the S&P/ Small Ordinaries. S&P/ Small Ordinaries 184 Semi-annual Quarterly VanEck Vectors S&P/ Midcap MVE 0.45% Provides investment returns* that closely track the returns of the S&P/ Midcap 50. S&P/ Midcap Semi-annual Quarterly VanEck Vectors Small Companies Masters MVS 0.49% Seeks to replicate the performance* of the Market Vectors Australia Small-Cap Dividend Payers. Market Vectors Australia Small-Cap Dvidend Payers 96 Semi-annual Quarterly Vanguard MSCI Australian Small Companies VSO 0.30% Seeks to replicate the performance* of the MSCI Australian Shares Small Cap. MSCI Australian Shares Small Cap 159 Semi-annual Quarterly 6

7 Equities - Australia High Yield S S&P/ 300 High Yield Plus ZYAU 0.35% Seeks to provide investors with access to the top 40 stocks with the highest shareholder yields from the S&P/ 300 which meet certain liquidity and quality criteria. S&P/ 300 Shareholder Yield 40 Quarterly Semi-annual BetaShares Australian Dividend Harvester (Managed ) HVST 0.65% Seeks to provide regular income, comprising dividends and franking credits from Australian shares, that is at least double the income yield of the broad Australian share market (as measured by the S&P/ 200 ) on an annual basis. 7 Monthly BetaShares Australian Top 20 Equity Yield Maximiser (Managed ) YMAX 0.59% Seeks to provide exposure to a portfolio of 20 blue-chip Australian shares (as represented in the S&P/ 200 ) while providing quarterly income that exceeds the dividend yield of a portfolio of the underlying shares. 20 Quarterly ishares S&P/ Dividend Opportunities IHD 0.30% Seeks to track the performance* of the S&P/ Dividend Opportunities Accumulation. The will provide exposure to 50 large Australian companies with a particular focus on higher dividends. S&P Australia Dividend Opportunities Accumulation 50 Quarterly Semi-annual Russell Investments High Dividend Australian Shares RDV 0.34% Seeks to track the performance* of the Russell Australia High Dividend by investing predominantly in Australian shares and trusts listed on the. Russell Australia High Dividend 49 Quarterly Semi-annual SPDR MSCI Australia Select High Dividend Yield SYI 0.35% Seeks to provide exposure to the MSCI Australia Select High Dividend Yield which is a rules-based customised index of listed Australian securities that aims to achieve a higher than average dividend yield. MSCI Australia Select High Dividend Yield 36 Quarterly Semi-annual The Switzer Dividend Growth (Managed ) SWTZ 0.89% Provide investors with tax-effective income and long-term capital growth by investing in a core portfolio of blue chip Australian shares No benchmark available Quarterly 7

8 Equities - Australia High Yield (continued) UBS IQ Morningstar Australia Dividend Yield DIV 0.30% Aims to replicate the performance of the Morningstar Australia Dividend Yield Focus. The allows investors to gain exposure to a diversified portfolio of listed Australian securities that are forecast to offer sustainable income via the distrubution of dividends. Morningstar Australia Dividend Yield Focus 25 Quarterly Semi-annual VanEck Vectors S&P/ Franked Dividend FDIV 0.35% Aims to provide investment returns* that closely replicate the returns of the S&P/ Franked Dividend. S&P/ Franked Dividend 29 Quarterly Semi-annual Vanguard Australian Shares High Yield VHY 0.25% Seeks to match the performance* of the FTSE ASFA Australia High Dividend Yield. FTSE ASFA Australia High Dividend Yield 38 Quarterly Quarterly 8

9 Equities - Australia Sectors BetaShares S&P/ 200 Financials Sector QFN 0.39% Seeks to track the performance* of the S&P/ 200 Financial-x-A- REIT. S&P/ 200 Financial ex A-REIT 26 Semi-annual Quarterly BetaShares S&P/ 200 Resources Sector QRE 0.39% Seeks to track the performance* of the S&P/ 200 Resources. S&P/ 200 Resources 34 Semi-annual Quarterly SPDR S&P/ 200 Financials EX A-REIT OZF 0.40% Provides investors an interest in a diversified portfolio of Australian listed securities, reflecting or closely tracking* of the S&P/ 200 Financials x-a REIT comprising shares in companies in the S&P/ 200 involved in the financial sector excluding REITs. S&P/ 200 Financial ex A-REIT 28 Semi-annual Quarterly SPDR S&P/ 200 Listed Property SLF 0.40% Invest in the securities comprising the in proportion to their relative weightings. The is comprised of the 200 largest listed property investments by market capitalization and most liquid securities in Australia. S&P/ 200A-REIT 22 Quarterly Quarterly SPDR S&P/ 200 Resources OZR 0.40% Provides investors an interest in a diversified portfolio of Australian listed securities, reflecting or closely tracking* the S&P/ 200 Resources comprising shares in companies in the S&P/ 200 involved in the metals and mining industry and energy. S&P/ 200 Resources 36 Semi-annual Quarterly VanEck Vectors Australian Banks MVB 0.28% Provides investment returns* that closely track the returns of the Market Vectors Australia Banks. Market Vectors Australia Banks 7 Semi-annual Quarterly VanEck Vectors Australian Property MVA 0.35% Aims to provide investment returns* that closely track the returns of the Market Vectors Australia A-REITs. Market Vectors Australia A-REITs 11 Semi-annual Quarterly VanEck Vectors Australian Resources MVR 0.35% Provides investment returns* that closely track the returns of the Market Vectors Australia Energy & Resources. Market Vectors Australia Energy & Resources 25 Semi-annual Quarterly Vanguard Australian Property Securities VAP 0.23% Seeks to match the return* (income and capital appreciation) of the S&P/ 300 A_REIT. S&P/ 300 A-REIT 33 Quarterly Quarterly 9

10 Equities - Australia Strategy BetaShares Managed Risk Australian Share (Managed ) AUST 0.49% Aims to provide exposure to a broadly diversified portfolio of Australian shares, generally consisting of 200 of the largest equity securities on the. It also aims to reduce the volatility of the 's equity investment returns and cushion downside risk. 199 Semi-annual BetaShares Australian Sustainability Leaders FAIR 0.49% Aims to track the performance* of the Nasdaq Future Australian Sustainability Leaders that provides exposure to Australian companies that have been screened to preference companies engaged in sustainable business activities and to avoid companies engaged in activities deemed inconsistent with responsible investment considerations. Nasdaq Future Australian Sustainability Leaders Semi-annual Annual ishares Edge MSCI Australia Minimum Volatility MVOL 0.30% Seeks to replicate the performance* of the MSCI Australia IMI Select Minimum Volatility (AUD). Optimisation MSCI Australia IMI Select Minimum Volatility (AUD) 104 Semi-annual Semi-annual ishares Edge MSCI Australia Multifactor AUMF 0.30% Seeks to replicate the performance* of the MSCI Australia IMI Diversified Multiple-Factor (AUD). Optimisation MSCI Australia IMI Diversified Multiple- Factor (AUD) 93 Semi-annual Semi-annual Russell Investments Australian Responsible Investment RARI 0.45% Seeks to replicate the performance* of the Russell Australia ESG High Dividend. Russell Australia ESG High Dividend 87 Semi-annual Semi-annual 10

11 Equities - Australia Strategy (continued) Russell Investments Australian Value RVL 0.34% Seeks to replicate the performance* of the Russell Australia High Value by investing predominantly in Australian shares and trusts listed on the. The index is weighted to companies that typically demonstrate value characteristics. Russell Australia High Value 39 Semi-annual Annual UBS IQ Morningstar Australia Quality 0.30% Seeks to replicate the performance* of the Morningstar Australia Moat Focus. The allows investors to gain exposure to a diversified portfolio of listed Australian securities constructed by reference to Morningstar equity research. Morningstar Australia Moat Focus 32 Semi-annual Quarterly UBS IQ MSCI Australian Ethical UBA 0.17% Provides a diversified core exposure to the Australian equity market and aims to replicate the performance* of the MSCI Australia ex Tobacco ex Controversial Weapons. MSCI Australia ex Tobacco ex Controversial Weapons 68 Semi-annual Quarterly VanEck Vectors Australian Equal Weight MVW 0.35% Seeks to replicate the performance* of the Market Vectors Australia Equal Weight. Market Vectors Australia Equal Weight 79 Semi-annual Quarterly 11

12 Equities - Global Broad-Based Hedged/ Unhedged W-8 BEN Form Required Platinum International (Quoted Managed Hedge ) PIXX 1.10% plus 15% of 's return exceeds its benchmark, subjected to a high water mark. To provide capital growth oover the long-term by providing exposure to undervalued listed investments around the world. MSCI All Country World Net in AUD### available Annually Semi-annual AUS No ishares Core MSCI World All Cap (AUD Hedged) IHWL 0.19% Aims to provide investors with the performance* of the MSCI World IMI 100% Hedged to AUD, before the cost of hedging. Optimisation MSCI World IMI 100% Hedged to AUD 4## Semi-annual Quarterly AUS Hedged No ishares Core MSCI World All Cap IWLD 0.16% Aims to provide investors with the performance* of the MSCI World Investable Market. Optimisation MSCI World Investable Market 4## Semi-annual Quarterly AUS Unhedged No ishares Global 100 AUD Hedged IHOO 0.43% Aims to provide investors with the performance* of the market, before the cost of hedging. Optimisation S&P Global 100 Hedged AUD 103 Annual Quarterly AUS Hedged No ishares MSCI EAFE IVE 0.32% Tracks the performance* of the MSCI EAFE. MSCI EAFE 932 Semi-annual Quarterly US Unhedged Yes 12

13 Equities - Global Broad-Based (continued) Hedged/ Unhedged W-8 BEN Form Required ishares S&P Global 100 IOO 0.40% Seeks investment results* that correspond to the performance of the S&P Global 100. The is designed to measure the performance of large trans-national companies that are of major importance in the global markets. S&P Global Semi-annual Quarterly US Unhedged Yes SPDR S&P World ex Australian (Hedged) WXHG 0.35% Aims to provide investment returns that closely correspond to the performance* of the S&P Developed Ex-Australia LargeMidCap AUD Hedged. S&P Developed Ex-Australia LargeMidCap AUD Hedged 1## and currency futures Annual Quarterly AUS Hedged No SPDR S&P World ex Australian WXOZ 0.30% Seeks to provide investment return*, before fees and other costs, that closely correspond to the performance of the S&P Developed ex Australia LargeMidCap AUD. S&P Developed Ex-Australia LargeMidCap AUD 1569 Annual Annual AUS Unhedged No Vanguard All-World ex US Shares VEU 0.11% Tracks the performance* of the FTSE All- World ex- US. The holds over 2400 stocks of all cap sizes. Its investments are in countries across the world, excluding the US. FTSE All- World ex-us 2622 Quarterly Annual US Unhedged Yes Vanguard MSCI International Shares (Hedged) VGAD 0.21% Seeks to track the return* of the MSCI World ex- Australia (with net dividends reinvested), hedged into Australian dollars. MSCI World Ex Australia Hedged AUD 1592 Semi-annual Semi-annual AUS Hedged No Vanguard MSCI International Shares VGS 0.18% Seeks to track the return* of the MSCI World ex-australia (with net dividends reinvested), in Australian dollars. MSCI World Ex Australia AUD 1592 Quarterly Semi-annual AUS Unhedged No 13

14 Equities - Global Sectors Hedged/ Unhedged W-8 BEN Form Required S Morningstar Global Technology TECH 0.45% Provide investors with a return* that tracks the performance of the Morningstar Developed Markets Technology Moat Focus. Morningstar Developed Markets Technology Moat Focus 29 Semiannual Quarterly AUS Unhedged No S ROBO Global Robotics and Automation ROBO 0.69% Provide investors with a return* that tracks the performance of the ROBO Global Robotics and Automation ROBO Global Robotics and Automation 88 Annual Quarterly AUS Unhedged No AMP Capital Global Property Securities (Unhedged) (Managed ) RENT 0.99% Through investment in global listed real estate securities, the aims to provide investors with total returns, after costs and before tax, above the 's benchmark on a rolling 3 year basis. FTSE EPRA/ NAREIT Developed Rental Available Quarterly Quarterly AUS Unhedged No BetaShares Global Cybersecurity HACK 0.67% To provide an investment return* that aims to track the performance of the Nasdaq CTA Cybersecurity. Nasdaq CTA Cybersecurity Total Return 35 Semiannual Quarterly AUS Unhedged No BetaShares Global Energy Companies - Currency Hedged FUEL 0.57% To provide an investment return* that aims to track the performance of the Nasdaq Global ex-australia Energy Companies Hedged AUD. Nasdaq Global ex- Australia Energy Companies Hedged AUD 52 Semiannual Quarterly AUS Hedged No BetaShares Global Gold Miners - Currency Hedged MNRS 0.57% To provide an investment return* that aims to track the performance of the Nasdaq Global exaustralia Gold Miners Hedged AUD. Nasdaq Global Gold Miners ex-australia Hedged AUD 53 Semiannual Quarterly AUS Hedged No 14

15 Equities - Global Sectors (continued) holdings in Hedged/ Unhedged W-8 BEN Form Required BetaShares Global Healthcare - Currency Hedged DRUG 0.57% To provide an investment return* that aims to track the performance of the Nasdaq Global ex-australia Healthcare Hedged AUD. Nasdaq Global Healthcare Hedged AUD 60 Semi- annual Quarterly AUS Hedged No BetaShares Global Agriculture - Currency Hedged FOOD 0.57% To provide an investment return* that aims to track the performance of the Nasdaq Global ex-australia Agriculture Companies Hedged AUD. Nasdaq Global Agriculture Companies ex-australia Hedged AUD 59 Semi-annual Quarterly AUS Hedged No BetaShares Global Banks - Currency Hedged BNKS 0.57% To provide an investment return* that aims to track the performance of the Nasdaq Global ex-australia Banks Hedged AUD. Nasdaq Global Ex-Australia Banks Hedged AUD 59 Semi-annual Quarterly AUS Hedged No ishares Global Consumer Staples IXI 0.48% Seeks results that correspond generally to the price and yield performance* of the S&P 1200 Global Consumer Staples Sector. S&P Global 1200 Consumer Staples Sector 104 Semi-annual Quarterly US Unhedged Yes ishares Global Healthcare IXJ 0.48% To provide an investment return* that tracks the S&P Global 1200 Health Care. The holds global largecap health care stocks. S&P Global 1200 Health Care 109 Semi-annual Quarterly US Unhedged Yes ishares Global Telecommunications IXP 0.48% Seeks investment results that correspond to the performance* of the S&P Global 1200 Telecommunications Services Sector. S&P Global 1200 Telecommunication Services Sector 43 Semi-annual Quarterly US Unhedged Yes SPDR Dow Jones Global Select Real Estate DJRE 0.50% Tracks the performance* of the Dow Jones Global Select Real Estate Securities. The measures the performance of publicly traded real estate securities. Dow Jones Global Select Real Estate Securities 232 Semi- annual Semi- annual AUS Unhedged No VanEck Vectors Gold Miners GDX 0.51% Invests in materials stocks of all cap sizes across the globe. NYSE Arca Gold Miners 51 Annual Quarterly US Unhedged Yes 15

16 Equities - Global Infrastructure holdings in Hedged/ Unhedged W-8 BEN Form Required S Global Core Infrastructure CORE 0.45% Provide investors with a return* that tracks the performance of the Solactive Global Core Infrastructure Low Volatility. Solactive Global Core Infrastructure Low Volatility NTR 75 Semiannual Quarterly AUS Unhedged No AMP Capital Global Infrastructure Securities (Unhedged) (Managed ) GLIN 0.85% Provide exposure to an actively managed portfolio of global infrastructure securities and to provide returns* above the s performance benchmark over the long term. Dow Jones Brookfield Global Infrastructure ### available Quarterly Quarterly AUS Unhedged No Magellan Infrastructure (Currency Hedged) (Managed ) MICH 1.05% The fund is a long-only global infrastructure fund. The primary objectives are to achieve attractive riskadjusted returns* over the medium to long-term while reducing the risk of permanent capital loss. Applicable available Semi-annual AUS Hedged No VanEck Vectors FTSE Global Infrastructure (Hedged) IFRA 0.52% Aims to provide investment returns* that closely track the returns of the FTSE Developed Core Infrastructure 50/50 Hedged into AUD. FTSE Developed Core Infrastructure 50/ Quarterly Semi-annual AUS Hedged No 16

17 Equities - Global Strategy Hedged/ Unhedged W-8 BEN Form Required BetaShares Managed Risk Global Share (Managed ) WRLD 0.54% Aims to provide exposure to a broadly diversified portfolio of global shares listed on the stock exchanges of the world's major developed economies and reduce the volatility of the 's equity investment returns and cushion downside risk. 2 ## and currency futures Annual AUS Unhedged No BetaShares Global Sustainability Leaders ETHI 0.59% Aims to provide exposure to 100 large global stocks (excluding Australia) which are climate change leaders and deemed responsible investment options. Nasdaq Future Global Sustainability Leaders 100 Semi-annual Annual AUS Unhedged No ishares Edge MSCI World Minimum Volatility WVOL 0.30% Seeks to track the MSCI World Minimum Volatility (AUD) which reflects the performance* characteristics of a minimum variance strategy applied to developed market equities. Optimisation MSCI World Minimum Volatility (AUD) 535 Semi-annual Semi-annual AUS Unhedged No ishares Edge MSCI World Multifactor WDMF 0.35% Seeks to track the performance* of MSCI World Diversified Multiple-Factor (AUD) which is composed of developed market equities that have favorable exposure to four target style factors (quality, value, size and momentum). MSCI World Diversified Multiple- Factor (AUD) 384 Semi-annual Semi-annual AUS Unhedged No K2 Global Equities (Hedge ) KII 2.05% plus 20.5% of amount NAV above high water mark with a 6% hurdle rate. To achieve strong capital growth over the long- term. The invests in globally listed equities across a range of sectors around the world. available None AUS Unhedged No 17

18 Equities - Global Strategy (continued) Hedged/ Unhedged W-8 BEN Form Required Magellan Global Equities (Managed ) MGE 1.35% To achieve attractive risk-adjusted returns over the medium to long-term while reducing the risk of permanent capital loss. The primarily invests in securites of companies listed on stock exchanges around the world. available Annual AUS Unhedged No Magellan Global Equities Currency Hedged (Managed ) MHG 1.35% Primarily invests in securities of companies listed on stock exchanges around the world. The primary objectives of the are to achieve attractive risk adjusted returns* over the medium to long term while reducing the risk of permanent capital loss. available Annual AUS Hedged No Montgomery Global Equities (Managed ) MOGL 1.32% plus 15.38% of amount by which the outperforms its benchmark. Aims to provide investors with long term capital growth as well as income distributions of at least 4.5% p.a. through a portfolio of quality global shares and to outperform* the MSCI World Net Total Return, in Australian Dollars over a rolling 5-year period. MSCI World Net Total Return USD ### available Semi-annual Semi-annual AUS No SPDR MSCI World Quality Mix QMIX 0.40% Seeks to provide investment results that, before fees and expenses, correspond generally to the return performance of the MSCI World Quality Mix, assuming all payment from the index constituents are reinvested. MSCI World Quality Mix 536 Semi-annual Semi-annual AUS Unhedged No SPDR S&P Global Dividend WDIV 0.50% Tracks the performance of the S&P Global Dividend Aristocrats. The measures the performance of the highest dividend yielding companies within the S&P Global Broad Market that have followed a policy of increasing or stable dividends for at least 10 years. S&P Global Dividend Aristocrats 120 Semi-annual Semi-annual AUS Unhedged No 18

19 Equities - Global Strategy (continued) Hedged/ Unhedged W-8 BEN Form Required UBS IQ MSCI World ex Australia Ethical UBW 0.35% Aims to replicate the performance* of the MSCI Asia APEX 50 ex Tobacco ex Controversial Weapons *. MSCI World ex AU ex Tobacco ex Controversial Weapons 1490 Annual Quarterly AUS Unhedged No VanEck Vectors Morningstar Wide Moat MOAT 0.49% Seeks to replicate the performance* of the Morningstar Wide Moat Focus. The is a rules-based, equal-weighted index intended to offer exposure to attractively priced companies with sustainable competitive advantages according to Morningstar s equity research team. Morningstar Wide Moat Focus 46 Annual Quarterly US Unhedged Yes VanEck Vectors MSCI World Ex-Australia Quality QUAL 0.40% Aims to provide investment returns* that closely track the returns of the MSCI World ex Australia Quality. MSCI World Ex Australia Quality 300 Annual Yearly AUS Unhedged No 19

20 Equities - United States Hedged/ Unhedged W-8 BEN Form Required S S&P 500 High Yield Low Volatility ZYUS 0.35% Aims to provide investors with a return* that tracks the performance of the S&P 500 Low Volatility High Dividend. S&P 500 Low Volatility High Dividend 50 Quarterly Semi-annual AUS Unhedged No BetaShares FTSE RAFI US 1000 QUS 0.40% Aims to track the price and yield performance* of the FTSE RAFI US QSR. FTSE RAFI US Semi-annual Annual AUS Unhedged No BetaShares NASDAQ 100 NDQ 0.48% Aims to provide an exposure to the equity securities that make up the NASDAQ 100. NASDAQ 100 Stock 106 Semi-annual Quarterly AUS Unhedged No BetaShares S&P 500 Yield Maximiser (Managed ) UMAX 0.79% Aims to provide an exposure to the equity securities that make up the S&P 500 plus regular income from call options that are written on the 's exposure to the. 1## and writes S&P 500 call options Quarterly AUS Unhedged No ishares Russell 2000 IRU 0.20% Tracks the performance* of the Russell The holds mid and small-cap U.S. stocks. Its investments are in the smallest 2000 companies from the Russell Russell Quarterly Annual US Unhedged Yes ishares S&P 500 (AUD Hedged) IHVV 0.10% Aims to provide investors with the performance* of the market (including the cost of hedging), as represented by an index composed of large capitalisation U.S. equities (hedged to Australian dollars). S&P 500 Hedged AUD 1## Annual Quarterly AUS Hedged No ishares S&P 500 IVV 0.04% Tracks the performance* of the S&P 500. It invests in all 500 stocks that comprise the index. The holds predominantly large-cap stocks from U.S. companies. S&P Quarterly Quarterly US Unhedged Yes 20

21 Equities - United States (continued) Hedged/ Unhedged W-8 BEN Form Required ishares S&P Mid-Cap IJH 0.07% Tracks the performance* of the S&P MidCap 400. The holds midcap U.S. stocks. S&P MidCap Quarterly Quarterly US Unhedged Yes ishares S&P Small-Cap IJR 0.07% Seeks investment results that correspond to the performance* of the S&P SmallCap 600. S&P SmallCap Quarterly Quarterly US Unhedged Yes SPDR S&P 500 Trust SPY 0.09% Tracks* the S&P 500. The Trust consists of a portfolio representing all 500 stocks in the S&P 500. S&P Quarterly Quarterly US Unhedged Yes UBS IQ MSCI USA Ethical UBU 0.20% Provides a diversified core exposure to the US equity market and aims to replicate the performance of the MSCI USA ex Tobacco ex Controversial Weapons *. MSCI USA ex Tobacco ex Controversial Weapons 626 Annual Quarterly AUS Unhedged No Vanguard Total Stock Market VTS 0.04% Tracks the performance* of the CRSP US Total Market. The holds U.S stocks of all cap sizes. Its investments aim to represent the entire U.S. Equity Market. CRSP US Total Market 3611 Quarterly Quarterly US Unhedged Yes 21

22 Equities - Europe Hedged/ Unhedged W-8 BEN Form Required S EURO STOXX 50 ESTX 0.35% Seeks to replicate the performance* of the EURO STOXX 50, designed to represent the performance of the 50 largest Eurozone companies by market cap, across a range of sectors and European countries. EURO STOXX Semi-annual Annual AUS Unhedged No BetaShares WisdomTree Europe - Currency Hedged HEUR 0.58% Seeks to replicate the performance* of the WisdomTree Europe Hedged Equity, hedged to Australian dollars, before fees and expenses. The provides exposure to the European equity market. WisdomTree Europe Hedged Equity 1## Semi-annual Annual AUS Hedged No ishares Europe IEU 0.60% Seeks to provide exposure to the performance* of an index composed of European equities. The index, the S&P Europe 350, may include large-, mid- or small capitalisation companies in European countries. S&P Europe Semi-annual Quarterly US Unhedged Yes UBS IQ MSCI Europe Ethical UBE 0.40% Seeks to provide exposure to the performance* of the MSCI Europe ex-tobacco ex-controversial Weapons. MSCI Europe ex-tobacco ex-controversial Weapons 451 Annual Quarterly AUS Unhedged No Vanguard FTSE Europe Shares VEQ 0.35% Seeks to provide exposure to the performance* of the FTSE Developed Europe All Cap (with net dividends reinvested) in Australian dollars. FTSE Developed Europe All Cap 1268 Quarterly Annual AUS Unhedged No 22

23 Equities - Asia Pacific Hedged/ Unhedged W-8 BEN Form Required BetaShares WisdomTree Japan - Currency Hedged HJPN 0.58% Aims to provide an exposure* to the equity securities that make up the WisdomTree Japan Hedged Equity, hedged for any change in the value of the US Dollar relative to the Australian Dollar. WisdomTree Japan Hedged Equity 1## Semi-annual Annual AUS Hedged No ishares FTSE China Large-Cap IZZ 0.74% Tracks the performance* of the FTSE China 50, investing in large cap stocks. FTSE China Semi-annual Quarterly US Unhedged Yes ishares MSCI Hong Kong IHK 0.48% Seeks to provide investment results that correspond to the performance* of publicly traded securities in the Hong Kong market, as measured by the MSCI Hong Kong. MSCI Hong Kong 49 Semi-annual Quarterly US Unhedged Yes ishares MSCI Japan IJP 0.48% Seeks to provide investment results that correspond to the performance* of the Japanese market, as measured by the MSCI Japan. MSCI Japan 322 Semi-annual Quarterly US Unhedged Yes ishares MSCI Singapore Capped ISG 0.48% Seeks to provide investment results that correspond to the performance* of the Singaporean market, as measured by the MSCI Singapore 25/50. Optimisation MSCI Singapore 25/50 27 Semi-annual Annual US Unhedged Yes ishares MSCI South Korea Capped IKO 0.64% Tracks the performance* of the MSCI Korea USD. The fund holds companies of all market caps which are primarily traded on the Korean exchange. MSCI Korea Annual Quarterly US Unhedged Yes ishares MSCI Taiwan ITW 0.64% Seeks to provide investment results that correspond to the performance* of the Taiwanese market, as measured by the MSCI Taiwan 25/50. MSCI Taiwan 25/50 93 Annual Annual US Unhedged Yes 23

24 Equities - Asia Pacific (continued) Hedged/ Unhedged W-8 BEN Form Required ishares S&P Asia 50 IAA 0.50% Seeks investment results* that correspond to the S&P Asia 50. S&P Asia Semi-annual Quarterly US Unhedged Yes Platinum Asia (Quoted Managed Hedge ) PAXX 1.10% plus 15% of 's return exceeds its benchmark, subjected to high water mark. To provide capital growth over the longterm by providing exposure to undervalued listed investments in the Asia region excluding Japan. MSCI All Country Asia ex Japan Net in AUD### available Annual AUS No UBS IQ MSCI Asia APEX 50 Ethical UBP 0.45% Aims is to maintain a passive investment strategy with the objective of continuously tracking the performance* of the MSCI Asia APEX 50 ex Tobacco ex Controversal Weapons. MSCI Asia APEX 50 ex Tobacco ex Controversial Weapons 54 Annual Quarterly AUS Unhedged No UBS IQ MSCI Japan Ethical UBJ 0.40% Provides a core diversified exposure to the Japanese equity market and aims to replicate the performance* of the MSCI Japan ex Tobacco ex Controversial Weapons. MSCI Japan ex Tobacco ex Controversial Weapons 293 Annual Quarterly AUS Unhedged No VanEck Vectors ChinaAMC A-Share C 0.72% To Replicate as closely as possible, the price and yield performance* of the CSI 300. The CSI 300 is a diversified index consisting of 300 A-share stocks listed on the Shenzen and/or Shanghai Stock Exchanges. CSI Annual Semi-annual US Unhedged Yes Vanguard FTSE Asia Ex- Japan Shares VAE 0.40% Seeks to track the return* of the FTSE Asia Pacific ex Japan, Australia and New Zealand (with net dividends reinvested), in Australian dollars. FTSE Asia Pacific ex Japan Australia and New Zealand 805 Quarterly Semi-annual AUS Unhedged No 24

25 Equities - Emerging Markets Hedged/ Unhedged W-8 BEN Form Required ishares MSCI BRIC IBK 0.72% Tracks the performance* of the MSCI BRIC. MSCI BRIC 309 Semi-annual Quarterly US Unhedged Yes ishares MSCI Emerging Markets IEM 0.72% Tracks the performance* of the MSCI Emerging Markets. MSCI Emerging Markets 857 Semi-annual Quarterly US Unhedged Yes SPDR S&P Emerging Markets WEMG 0.65% Tracks the performance* of the S&P Emerging Markets Large Mid Cap. S&P Emerging Markets Large Mid Cap 439 Annual Quarterly AUS Unhedged No Vanguard FTSE Emerging Markets Shares VGE 0.48% Seeks to track the performance* of the FTSE Emerging Markets. FTSE Emerging Markets 4132 Quarterly Semi-annual AUS Unhedged No 25

26 Equities - Leveraged/Short MER # Description Physical/ Synthetic Hedged/ Unhedged W-8 BEN Form Required BetaShares Australian Equities Bear (Hedge ) BEAR 1.38% To help investors profit from, or protect against, a declining Australian share market by seeking to generate returns that are negatively correlated to the returns* of the Australian share market (as measured by the S&P/ 200 index). Synthetic Inversed of S&P/ 200 1## and futures Annual Quarterly AUS Unhedged No BetaShares Australian Strong Bear (Hedge ) BBOZ 1.38% To help investors profit from, or protect against, a declining Australian share market by seeking to generate magnified returns* that are negatively correlated to the returns of the Australian share market (as measured by the S&P/ 200 index). Synthetic Leveraged inverse of S&P/ 200 Holds futures Annual AUS Unhedged No BetaShares Geared Australian Equity (Hedge ) GEAR 0.80% To provide investors with a simple way to access cost-effective geared exposure to the returns* of the Australian share market. The will invest in a diversified share portfolio of generally 200 of the largest securities on the by market capitalisation. Physical Leveraged S&P/ Semi-annual AUS Unhedged No BetaShares Geared US Equity Currency Hedged (Hedge ) BetaShares US Equities GGUS 0.80% Aims to provide geared exposure, that closely tracks the return* of the US Share markets, hedged to the Australian dollar. Physical Leveraged S&P 500 1## Annual AUS Hedged No Strong Bear Currency Hedged (Hedge ) BBUS 1.38% Seeks to generate returns* that are negatively correlated to the returns of the U.S. share market (as measured by the S&P 500 index), hedged to Australian dollars. Synthetic Leveraged inverse of S&P 500 Holds futures Annual AUS Hedged No 26

27 Cash - Australia Betashares Australian High Interest Cash AAA 0.18% Aims to generate a return that exceeds the 30 day Bank Bill Swap Rate, after fees and expenses. The invests all of its assets in bank deposit accounts maintained with one or more banks in Australia. 30 Day Bank Bill Swap Rate available Monthly AUS ishares Core Cash BILL 0.07% The employs a passive investment strategy that aims to provide investors with the performance* of the S&P/ Bank Bill *. The offers the ability to achieve capital preservation and regular income with a diversified portfolio of high quality short-term money market instruments. S&P/ Bank Bill 25 Monthly Daily AUS ishares Enhanced Cash ISEC 0.12% Seeks to achieve its objective by employing a passive investment strategy that aims to outperform the performance of the S&P/ Bank Bill. It offers the ability to achieve capital preservation and potentially enhanced regular income with a portfolio of higher yielding short term instruments. S&P/ Bank Bill 22 Monthy Daily AUS UBS IQ Cash MONY 0.18% To provide exposure to Australian cash with regular income at competitive rates, combined with capital stability. The aims to provide investors with a total return* that exceeds the Reserve Bank of Australia Official Cash Rate. Reserve Bank of Australia Official Cash Rate available Monthly AUS 27

28 Fixed Income - Australia BetaShares Australian Bank Senior Floating Rate Bond QPON 0.22% To provide an investment return* that aims to track the performance of the Solactive Australian Bank Senior Floating Rate Bond. Solactive Australian Bank Senior Floating Rate Bond 13 Monthly Quarterly AUS BetaShares Active Australian Hybrids (Managed ) HBRD 0.55% Provides investors with a convenient way to access attractive income returns, including franking credits, from an actively managed, diversified portfolio of hybrid securities. Solactive Australian Hybrid Securities 39 Monthly Quarterly AUS ishares Core Composite Bond IAF 0.20% Seeks to track* the Bloomberg AusBond Composite Bond. The invests primarily in investment grade fixed income securities issued by the Australian Commonwealth Government, Australian State-Governments, Supranational and Sovereign agencies and corporate debt issues. Stratified sampling Bloomberg AusBond Composite Bond 423 Quarterly Monthly AUS ishares Government Inflation ILB 0.26% Seeks to track* the Bloomberg AusBond Government Inflation. The invests primarily in investment grade fixed income securities issued by the Australian Commonwealth Government and Australian State-Governments. Stratified sampling Bloomberg AusBond Inflation Government 0+ Yr 14 Quarterly Monthly AUS ishares Treasury IGB 0.26% Seeks to track* the Bloomberg AusBond Treasury. The invests primarily in investment grade fixed income securities issued by the Australian Commonwealth Government that form the, and seeks to achieve its objective by employing a full strategy to track the performance of the. Stratified sampling Bloomberg AusBond Treasury 23 Quarterly Monthly AUS Russell Investments Australian Government Bond RGB 0.24% Aims to provide a total return before costs and tax, in line with the DBIQ 5-10 Year Australian Government Bond over the long term. Deutsche Bank DBIQ 5-10 Year Australian Government Bond 8 Quarterly Quarterly AUS 28

29 Fixed Income - Australia (continued) Russell Investments Australian Select Corporate Bond RCB 0.28% Aims to provide a total return before costs and tax, in line with the DBIQ 0-4 Year Investment Grade Australian Corporate Bond over the long term. Deutsche Bank DBIQ 0-4 Year Australian Corporate Bond 13 Quarterly Quarterly AUS Russell Investments Australian Semi- Government Bond RSM 0.26% Aims to provide a total return before costs and tax, in line with the DBIQ 0-5 Year Australian Semi-Government Bond over the long term. Deutsche Bank DBIQ 0-5 year Australian Semi Government Bond 10 Quarterly Quarterly AUS SPDR S&P/ Australian Bond BOND 0.24% Tracks the performance* of the S&P/ Australian Fixed Interest. S&P/ Australian Fixed Interest 89 Quarterly Monthly AUS SPDR S&P/ Australian Government Bond GOVT 0.22% Seeks to track performance* of the S&P/ Government Bond. S&P/ Government Bond 61 Quarterly Monthly AUS VanEck Vectors Australian Corporate Bond Plus PLUS 0.32% Invests in a diversified portfolio of AUD denominated corporate, government and semi-government bonds with minimum investment grade credit rating with the aim of providing investment return* that generally track the returns of the Markit iboxx AUD Corporates Yield Plus. Markit iboxx AUD Corporates Yield Plus 99 Quarterly Quarterly AUS VanEck Vectors Australian Floating Rate FLOT 0.22% Aim of providing investment returns* that closely track the returns of the The Bloomberg AusBond Credit FRN 0+ Yr. Bloomberg AusBond Credit FRN 0+ Yr 88 Monthly Quarterly AUS 29

30 Fixed Income - Australia (continued) Vanguard Australian Corporate Fixed Interest VACF 0.26% Seeks to track the performance* of the Bloomberg AusBond Credit 0+ Year. Bloomberg AusBond Credit 0+ Yr 318 Quarterly Monthly AUS Vanguard Australian Fixed Interest VAF 0.20% Seeks to track the return* (income and capital appreciation) of the Bloomberg AusBond Composite Bond *. Bloomberg AusBond Composite 529 Quarterly Monthly AUS Vanguard Australian Government Bond VGB 0.20% Seeks to track* the Bloomberg AusBond Government 0+ Yr. Bloomberg AusBond Govt 0+ Yr 92 Quarterly Monthly AUS 30

31 Fixed Income - Global Hedged/ Unhedged ishares Core Global Corporate Bond (AUD Hedged) IHCB 0.26% Aims to provide investors with the performance* of an index (including the cost of hedging), composed of investment grade corporate fixed rate bonds issued by corporations in emerging and developed markets worldwide (Hedged in AUD). Optimisation Bloomberg Barclays Global Aggregate Corporate Bond (AUD hedged) 1## Tri-annual Monthly AUS Hedged ishares Global High Yield Bond (AUD Hedged) IHHY 0.56% Aims to provide investors with the performance* of an index (including the cost of hedging), composed of liquid, global developed, high yield corporate bonds (hedged to Australian dollars). Optimisation Markit iboxx Global Developed Markets Liquid High Yield Capped (AUD hedged) 1## Tri-annual Monthly AUS Hedged ishares J.P. Morgan USD Emerging Markets Bond (AUD Hedged) IHEB 0.51% Aims to provide investors with the performance* of an index (including the cost of hedging), composed of U.S. dollar denominated, emerging market bonds (hedged to Australian dollars). Optimisation J.P. Morgan EMBI Global Core Hedged Level AUD 1## Tri-annual Monthly AUS Hedged Vanguard Global Aggregate Bond (Hedged) VBND 0.20% Seeks to track the return* of the Bloomberg Barclays Global Aggregate Float Adjusted Bond hedged into Australian dollars. Bloomberg Barclays Global Aggregate Float Adjusted Total Return Hedged AUD 4965 Quarterly Quarterly AUS Hedged 31

32 Fixed Income - Global (continued) Hedged/ Unhedged Vanguard International Credit Securities (Hedged) VCF 0.30% Seeks to track the performance* of the Bloomberg Barclays Global Aggregate Government-related and Corporate hedged into Australian dollars. Bloomberg Barclays Global Aggregate Corp/Gov-related TR Hedged AUD 4237 Quarterly Unknown AUS Hedged Vanguard International Fixed Interest (Hedged) VIF 0.20% Seeks to track the performance* of the Bloomberg Barclays Global Treasury hedged into Australian dollars. Bloomberg Barclays Global Treasury Total Return hedged to AUD 933 Quarterly Quarterly AUS Hedged 32

33 Commodities - Gold MER # Description / Entitlement Physical/ Synthetic Vault S Physical Gold GOLD 0.40% Tracks the gold price less fees allowing investors to invest in the precious metals market. It is backed by physical allocated metal bullion which has no credit risk. The security only holds LBMA Good Delivery bars. S Physical Singapore Gold ZGOL 0.40% Provides a return that tracks the performance of the price of gold* by invest into physical gold bullion. Holders have a right to redeem their units for physical gold. Physical LBMA Gold Price PM USD HSBC London vault Physical LBMA Gold Price AM USD ANZ Singapore vault BetaShares Gold Bullion - Currency Hedged QAU 0.59% Invests its assets into the purchase of physical gold bullion from the Gold Vendor on the terms of the Gold contract. Rather than deliver physical gold to the at the time of purchase, the Gold Vendor will retain legal ownership of the gold in its name and will secure its obligation to deliver gold to the by way of a registered charge over the gold in favour of the. The Gold Vendor as stated in the PDS is National Bank of Canada and JPMorgan Chase Bank is the custodian of the gold held by the Gold Vendor. Physical LBMA Gold Price AM USD J P Morgan London vault Perth Mint Gold PMGOLD 0.15% Each PMGOLD is a right to gold created by The Perth Mint which structured as a fully paid call option to one hundredth of a troy ounce of physical gold and may be exercised at any time. Synthetic Spot Gold Price Perth Mint 33

34 Commodities - Others MER # Description / Entitlement Physical/ Synthetic Vault S Physical Palladium ETPMPD 0.49% Tracks the Palladium price less fees allowing investors to invest in the precious metals market. It is backed by physical, allocated metal bullion which has no credit risk. The security only holds LPPM Good Delivery bars. Physical London Metal Exchange Palladium PM Fix Price/USD HSBC Zurich vault S Physical Platinum ETPMPT 0.49% Tracks the Platinum price less fees allowing investors to invest in the precious metals market. It is backed by physical, allocated metal bullion which has no credit risk. The security only holds LPPM Good Delivery bars. Physical London Metal Exchange Platinum PM Fix Price/USD HSBC Zurich vault S Physical Silver ETPMAG 0.49% Tracks the Silver price less fees allowing investors to invest in the precious metals market. It is backed by physical, allocated metal bullion which has no credit risk. The security only holds LBMA Good Delivery bars. Physical LBMA Silver Price - Price/US Cents HSBC London vault S Precious Metals Basket ETPMPM 0.44% Tracks the Metal basket price less fees allowing investors to invest in the precious metals market. It is backed by physical, allocated metal bullion which has no credit risk. The security only holds LBMA & LPPM Good Delivery bars. Physical LBMA Gold Price PM, LBMA Silver Price, LME Palladium PM, LME Platinum PM HSBC London vault, HSBC Zurich vault BetaShares Agriculture - Currency Hedged (Synthetic) QAG 0.69% Seeks to track the performance* of the S&P GSCI Agriculture Enhanced Select Excess Return hedged into Australian dollars, plus an interest component. Synthetic S&P GSCI Agriculture Enhanced Select ER BetaShares Commodities Basket -Currency Hedged (Synthetic) QCB 0.69% Seeks to track the performance* of the S&P GSCI Light Energy Excess Return hedged into Australian dollars, plus an interest component. Synthetic S&P GSCI Light Energy Official Close ER (CPW 4) BetaShares Crude Oil - Currency Hedged (Synthetic) OOO 0.69% Seeks to track the performance* of the S&P GSCI Crude Oil Excess Return hedged into Australian dollars, plus an interest component. Synthetic S&P GSCI Crude Oil Official Close ER 34

35 Foreign Exchange MER # Description Physical/ Synthetic S Physical Renminbi ZCNH 0.30% Seeks to provide investors with an exposure to the performance* of the offshore renminbi (CNH) relative to the Australian dollar. Physical Renminbi Annual S Physical US Dollar ZUSD 0.30% Seeks to provide investors with an exposure to the performance* of the US dollar relative to the Australian dollar. BetaShares British Pound POU 0.45% Aims to provide an investment return*, that closely tracks the value of the British pound relative to the Australian dollar. BetaShares Euro EEU 0.45% Aims to provide an investment return*, that closely tracks the value of the euro relative to the Australian dollar. BetaShares U.S. Dollar USD 0.45% Seeks to provide exposure to the change in price of the US dollar relative to the Australian dollar, before fees and expenses. Physical US dollar Annual Physical British pound Semi-annual Physical Euro Semi-annual Physical US dollar Semi-annual BetaShares Strong Australian Dollar (hedge fund) BetaShares Strong US Dollar (hedge fund) AUDS 1.38% Aims to provide geared exposure to the change in value of the Australian dollar relative to the US dollar. YANK 1.38% Aims to provide geared exposure to the change in value of the US dollar relative to the Australian dollar. Synthetic Annual Synthetic Annual 35

36 Mixed Allocation Hedged/ Unhedged W-8 BEN Form Required AMP Capital Dynamic Markets (Hedge ) DMKT 0.48% and possible performance fee (15.375% of the s performance above the benchmark) Aims to provide a total return* (income and capital growth), before costs and before tax, above the benchmark, on a rolling 5 year basis. 4.5% pa above inflation measured by Consumer Price (trimmed mean, on a rolling 5 year basis) ### No available AUS Unhedged No Schroder Real Return (Managed ) GROW 0.90% Aims to deliver an investment return of 5.0% above Australian inflation before fees over rolling 3 year periods. The employs a dynamic asset allocation framework in which both asset market risk premium, and consequently, the asset allocation of the portfolio, are constantly reviewed. 5.0% above Australian inflation over rolling 3 year periods ### available AUS Unhedged No Vanguard Diversified High Growth VDHG 0.27% The seeks to track the weighted average return* of the various indices of the underlying funds in which it invests, in proportion to the Strategic Asset Allocation. High Growth Composite - ##6 Quarterly AUS Hedged No 36

37 Mixed Allocation (continued) Hedged/ Unhedged W-8 BEN Form Required Vanguard Diversified Growth VDGR 0.27% The seeks to track the weighted average return* of the various indices of the underlying funds in which it invests, in proportion to the Strategic Asset Allocation. Growth Composite - ##6 Quarterly AUS Hedged No Vanguard Diversified Conservative VDCO 0.27% The seeks to track the weighted average return* of the various indices of the underlying funds in which it invests, in proportion to the Strategic Asset Allocation. Conservative Composite - ##7 Quarterly AUS Hedged No Vanguard Diversified Balanced VDBA 0.27% The seeks to track the weighted average return* of the various indices of the underlying funds in which it invests, in proportion to the Strategic Asset Allocation. Balanced Composite ##6 Quarterly AUS Hedged No 37