Borrowing costs. Which MLC superannuation products does this document cover?

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1 Borrowing costs Borrowing costs Some investment options offered in the MLC Super Fund incur borrowing (or gearing) costs, where borrowing is part of the investment strategy your superannuation fund invests into. Borrowing costs include costs in relation to a loan arrangement, including any upfront costs to establish the arrangement and ongoing costs such as interest payments. Borrowing costs are an additional cost to you. These are deducted from the value of the investment option and reflected in the daily unit price. They are also reflected in any reporting on the performance of the investment option. Borrowing costs may rise and fall over time, and will depend on the level of gearing, the interest amount and other amounts paid to lenders. Borrowing costs may change without prior notice to you. The amounts listed are based on actual costs incurred for the 12 months to 30 June 2017 and involve estimates where information was unavailable. Importantly, past borrowing costs are not a reliable indicator of future borrowing costs. Which MLC superannuation products does this document cover? This guide has all the information you need on investment option borrowing costs for the following products: Allocated Pension Gold Star Term Allocated Pension Allocated Pension Five Star Superannuation Gold Star Superannuation Five Star MLC Personal Superannuation Savings Plan MLC Capital Guaranteed Personal Super Savings Plan MLC Capital Guaranteed Personal Superannuation You need to use this guide together with the relevant online Investment Menus at mlc.com.au for the following products: Business Super Personal Super Super Fundamentals Pension Fundamentals Super Pension Important information This document is issued by NULIS Nominees (Australia) Limited ABN , AFSL , Trustee of the MLC Super Fund ABN (NULIS). NULIS is part of the National Australia Bank Group of Companies. An investment with NULIS is not a deposit or liability of, and is not guaranteed by National Australia Bank Limited ABN , AFSL (NAB), nor any of its related bodies corporate. NAB does not guarantee or otherwise accept any liability in respect of products issued by NULIS. Preparation date 30 November 2017 Issued by the Trustee NULIS Nominees (Australia) Limited ABN AFSL The Fund MLC Super Fund ABN

2 MLC MasterKey Allocated Pension Gold Star / MLC MasterKey Term Allocated Pension Ausbil Australian Emerging Leaders Fund 0.00 Investors Mutual Australian Share Fund 0.00 MLC Horizon 1 - Bond Portfolio 0.00 MLC Horizon 2 - Capital Stable Portfolio 0.02 MLC Horizon 3 - Conservative Growth Portfolio 0.03 MLC Horizon 4 - Balanced Portfolio 0.04 MLC Horizon 5 - Growth Portfolio 0.04 MLC Horizon 6 - Share Portfolio 0.03 MLC Horizon 7 - Accelerated Growth Portfolio 1.03 MLC Inflation Plus Assertive Portfolio 0.08 MLC Property Securities 0.00 MLC Vanguard Australian Share Index 0.00 National Balanced 0.04 Perennial Value Shares Wholesale Trust 0.00 Perpetual Wholesale Australian Fund 0.00 Perpetual Wholesale Ethical SRI Fund 0.00 Perpetual Wholesale Smaller Companies Fund No Platinum International Fund Class C Units 0.00 PM Capital Global Companies Fund 0.46 Schroder Wholesale Australian Equity Fund 0.00 Vanguard Australian Fixed Interest Index Fund 0.00 Vanguard International Fixed Interest Index Fund (Hedged) 0.00 Vanguard International Shares Index Fund (Hedged) 0.00 Vanguard International Shares Index Fund (Unhedged) 0.00 Vanguard Property Securities Index Fund 0.00 MLC Borrowing Costs 2

3 MLC MasterKey Allocated Pension Five Star MLC Horizon 1 - Bond Portfolio 0.00 MLC Horizon 2 - Capital Stable Portfolio 0.02 MLC Horizon 3 - Conservative Growth Portfolio 0.03 MLC Horizon 4 - Balanced 0.04 MLC Horizon 5 - Growth Portfolio 0.04 MLC Horizon 6 - Share Portfolio 0.03 MLC Horizon 7 - Accelerated Growth Portfolio 1.03 MLC Platinum Global 0.00 MLC Property Securities 0.00 MLC Vanguard Australian Share Index 0.00 National Balanced Fund 0.04 MLC Borrowing Costs 3

4 MLC MasterKey Superannuation Gold Star Accent Capital Guaranteed Fund 0.00 Accent Managed Fund 0.04 Ausbil Australian Emerging Leaders Fund 0.00 Entrepreneur Capital Guaranteed Fund 0.00 Entrepreneur Managed Fund 0.04 Investors Mutual Australian Share Fund 0.00 MLC Inflation Plus Assertive Portfolio 0.08 MLC MasterKey Horizon 1 - Bond Portfolio 0.00 MLC MasterKey Horizon 2 - Capital Stable Portfolio 0.02 MLC MasterKey Horizon 3 - Conservative Growth Portfolio 0.04 MLC MasterKey Horizon 4 - Balanced Portfolio 0.04 MLC MasterKey Horizon 5 - Growth Portfolio 0.04 MLC MasterKey Horizon 6 - Share Portfolio 0.03 MLC MasterKey Horizon 7 - Accelerated Growth Portfolio 1.03 MLC Property Securities Fund 0.00 MLC Vanguard Share Index Fund 0.00 National Balanced Fund 0.04 Perennial Value Shares Trust 0.00 Perpetual Wholesale Australian Fund 0.00 Perpetual Wholesale Ethical SRI Fund 0.00 Perpetual Wholesale Smaller Companies Fund No Platinum International Fund 0.00 PM Capital Absolute Performance Fund 0.48 Schroder Wholesale Australian Equity Fund 0.00 Vanguard Australian Fixed Interest Index Fund 0.00 Vanguard International Fixed Interest Index Fund (Hedged) 0.00 Vanguard International Shares Index Fund (Hedged) 0.00 Vanguard International Shares Index Fund (Unhedged) 0.00 Vanguard Property Securities Index Fund 0.00 MLC Borrowing Costs 4

5 MLC MasterKey Superannuation Five Star MLC MasterKey Horizon 1 - Bond Portfolio 0.00 MLC MasterKey Horizon 2 - Capital Stable Portfolio 0.02 MLC MasterKey Horizon 3 - Conservative Growth Portfolio 0.04 MLC MasterKey Horizon 4 - Balanced Portfolio 0.04 MLC MasterKey Horizon 5 - Growth Portfolio 0.04 MLC MasterKey Horizon 6 - Share Portfolio 0.03 MLC MasterKey Horizon 7 - Accelerated Growth Portfolio 1.03 MLC Property Securities Fund 0.00 MLC Vanguard Share Index Fund 0.00 National Balanced Fund 0.04 MLC Personal Superannuation Savings Plan MLC MasterKey Horizon 1 - Bond Portfolio 0.00 MLC MasterKey Horizon 2 - Capital Stable Portfolio 0.02 MLC MasterKey Horizon 4 - Balanced Portfolio 0.04 MLC MasterKey Horizon 5 - Growth Portfolio 0.04 MLC MasterKey Horizon 6 - Share Portfolio 0.03 MLC Vanguard Share Index Fund 0.00 MLC Property Securities Fund 0.00 MLC Capital Guaranteed Personal Super Savings Plan Capital Guaranteed 0.00 MLC Capital Guaranteed Personal Superannuation Capital Guaranteed 0.00 MLC Borrowing Costs 5

6 MLC MasterKey Business Super/MLC MasterKey Personal Super MLC MasterKey Super Fundamentals MLC MLC MasterKey Pension Fundamentals MLC MasterKey Super MLC MasterKey Pension MLC Borrowing Costs 6 A