Performance Insight. Commonwealth Personal/Business Products Quarterly Update as at 30 June 2018

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1 Commonwealth Personal/Business Products Quarterly Update as at 30 June 2018 Commonwealth Investment s Commonwealth SuperSelect Commonwealth PensionSelect Commonwealth Life Super Bonds Commonwealth Personal Superannuation & Rollover Plan Commonwealth Rollover Commonwealth Life Rollover Bonds Commonwealth Life Insurance & Family Bonds Important Information Information is current as at 30 June The information contained in this document (including the statements on taxation which are of a general nature only and based on current laws, rulings and their interpretation as at 30 June 2018) has been prepared without taking into account your objectives, financial situation or needs. Because of that, before acting on the advice, you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs. You should speak to your tax adviser in relation to taxation issues. Your individual net return may differ from the returns quoted in this document. Your return depends on the timing of transactions such as deposits, withdrawals, switches or unit adjustments and your mix of investment options. This is because unit prices fluctuate daily and units are allocated and disposed of at the unit price applying at the time of each transaction. If any transactions have been made on your account, the rate of return on your investment will differ from the net returns quoted in this document. Commonwealth Bank of Australia and its subsidiaries do not guarantee, or in any way stand behind, the performance, earnings or value of investments in products referred to in this document. The products offered are not deposits or other liabilities of Commonwealth Bank of Australia or its subsidiaries and are subject to investment risk, including possible delays in repayment and loss of distribution and principal invested. Returns are not guaranteed and past performance is not indicative of future performance. There is no guarantee that one investment option will outperform another. The performance of the investment options are generally dependent on economic conditions, investment management and taxation laws. Performance Insight is issued by The Colonial Mutual Life Assurance Society Limited ABN AFSL (CMLA), Colonial First State Investments Limited ABN AFSL (CFSIL) and Colonial Mutual Superannuation Pty Ltd ABN AFSL (Trustee), the Trustee of Colonial Super Retirement ABN CMLA, CFSIL and the Trustee are wholly owned, but nonguaranteed subsidiaries of Commonwealth Bank of Australia ABN AFSL Commonwealth Financial Services is a registered business name of CMLA, CFSIL and the Trustee. Commonwealth Life Super Bonds, Commonwealth Life Rollover Bonds and Commonwealth Life Insurance & Family Bonds products are issued by CMLA only. Commonwealth Investment s are issued by CFSIL. Commonwealth SuperSelect, Commonwealth PensionSelect and Commonwealth Personal Superannuation & Rollover Plan are issued by the Trustee. The Trustee is only responsible for products issued by it.

2 Financial markets commentary: The Reserve Bank of Australia (RBA) held the official cash rate unchanged at 1.50% in the June quarter with the official cash rate being on hold since August The RBA continues to focus on the key risks of the economy for their monetary policy decisions; the outlook for inflation, labour market strength and household financial stability. With inflation under control (currently below 2%), probability of interest rate increase is low in the near future. The diverging interest rate policy in the US and Australia has been reflected in the foreign exchange markets as over the June quarter, the dollar depreciated by 3.7% against the US dollar. The dollar has depreciated by over 8% against the US dollar since the 26th of January 2018 (Australia Day). The S&P/ASX 200 Accumulation Index rose 8.5% over the June quarter. Increased oil prices saw the Energy sector being the best performer for the quarter returning +19.7%, followed by the Healthcare sector which returned +16.4%. Telecommunications was again the worst sector during the June quarter falling 13.7%. Financials (2.3%) remained relatively subdued after experiencing volatility due to the increased scrutiny by the regulators (Banking Royal Commission). The MSCI All Country World Index rose 4.4% over the June quarter in AUD terms, but 0.5% in USD terms. The index returns 15.0% for the 2018 fiscal year. Global markets started strongly following positive economic data and solid earnings results in the US. The markets peaked in early June before pulling back due to USChina trade tensions. The US Federal Reserve increased the interest rates by 25 basis points to a new target range of 1.75% to 2.00% in June. Consensus expectation is that there could be two rate hikes this year and four more hikes in For the year ending 31st of March 2018, final GDP data showed US economy expanded by 2.0%. The official US unemployment rate decreased to 3.8% which is at the lowest level since the 1960s and the Consumer Price Index also rose to 2.8%p.a. in May which is a sixyear high. Despite global bond yields continuing to trade in relatively wide ranges, most markets closed the quarter little changed. 10year government bond yields were down 3 basis points, finishing the quarter at 2.63%, while US 10year government bond yields were up 12 basis points, finishing the quarter at 2.86%. The Bloomberg AusBond Bank Bill Index returned 0.49% for the 3 months ended 30 June The high volatility in the bond markets is due to the sentiment that global central banks are reviewing their previously accommodative policies which could lead to a removal of liquidity from the markets. Market Indices Returns as at 30 June mth (%) 6 mth (%) 1 yr (%) 2 yr (% p.a.) 3 yr (% p.a.) 4 yr (% p.a.) 5 yr (% p.a.) 7 yr (% p.a.) 10 yr (% p.a.) Shares S&P / ASX 200 Accumulation Index International Shares MSCI All Country World Net Index (AUD) Fixed Interest Bloomberg AusBond Composite 0+ Yr Index International Fixed Interest FTSE World Broad Investment Grade Index AUD Hedged Property S&P / ASX 200 AREIT Accumulation Index Cash Bloomberg AusBond Bank Bill Index Currency AUD/USD

3 Commonwealth Investment s Closed to new investors size Entry price ($) Exit price ($) Last distribution (% p.a.) Last distribution date Return for specified period (%) Growth 0.8% 1.4% 0.4% 1.6% 1.1% 0.0% 0.1% Commonwealth Income 2/03/ % 0.30% / 0% % 30/06/2018 Quarterly Distribution 1.8% 2.1% 2.7% 3.9% 4.3% 4.5% 5.1% Total 0.9% 0.7% 2.3% 2.3% 3.2% 4.4% 5.2% Growth 4.0% 2.5% 6.1% 3.7% 4.5% 1.9% 1.9% Commonwealth Balanced 4/10/ % 0.30% / 0% % 30/06/2018 Quarterly Distribution 0.1% 0.3% 0.7% 1.5% 2.2% 2.8% 5.3% Total 4.1% 2.8% 6.8% 5.2% 6.7% 4.6% 7.3% Growth 4.6% 2.5% 7.7% 4.2% 5.7% 3.2% 2.9% Commonwealth Growth 2/03/ % 0.30% / 0% % 30/06/2018 HalfYearly Distribution 0.1% 0.1% 0.9% 1.9% 2.0% 2.4% 4.1% Total 4.7% 2.6% 8.6% 6.1% 7.8% 5.6% 7.0% Growth 3.7% 7.7% 2.1% 2.9% 1.1% 0.3% 1.5% Commonwealth Share 2/03/ % 0.40% / 0% % 30/06/2018 HalfYearly Distribution 10.4% 10.0% 13.4% 10.0% 9.0% 5.8% 7.1% Total 6.8% 2.3% 11.3% 7.0% 7.9% 5.4% 8.6% Growth 3.9% 8.0% 2.4% 3.2% 0.7% 0.1% 1.6% Commonwealth Share Income 29/06/ % 0.40% / 0% % 30/06/2018 HalfYearly Distribution 10.7% 10.3% 13.8% 10.2% 8.6% 5.5% 7.5% Total 6.8% 2.3% 11.4% 7.0% 7.9% 5.4% 9.1% Growth 6.0% 1.1% 5.9% 3.1% 5.9% 0.4% 1.1% Commonwealth Property Securities 21/10/ % 0.40% / 0% % 30/06/2018 HalfYearly Distribution 2.5% 2.3% 3.3% 4.0% 3.6% 3.9% 6.6% Total 8.5% 1.2% 9.2% 7.1% 9.5% 3.5% 5.5% Growth 5.1% 5.7% 12.3% 9.0% 12.2% 6.8% 3.6% Commonwealth International Shares 2/03/ % 0.25% / 0% /06/2018 HalfYearly Distribution 0.0% 0.0% 0.0% 0.0% 0.2% 0.3% 1.8% Total 5.1% 5.7% 12.3% 9.0% 12.4% 7.1% 5.4% Growth 0.4% 0.2% 0.4% 0.4% 0.2% 0.2% 0.5% Commonwealth Bond 19/01/ % 0.20% / 0% /06/2018 Quarterly Distribution 0.0% 0.4% 0.7% 1.9% 2.7% 4.1% 5.6% Total 0.4% 0.6% 1.1% 1.5% 2.5% 4.2% 6.1% Distribution frequency Return type Compound annual returns (%) Asset allocation (%) 10.1% 32.1% 42.7% 99.5% 99.5% Global 25.0% 7.5% Alternatives 99.0% 25.0% 3.0% Fixed interest 22.2% 99.5% 60.3% Cash 29.6% 2.6% 0.5% 0.5% 1.0% 0.5% 99.4% 0.6% 34.8% 5.1%

4 Commonwealth SuperSelect Closed to new members Inception date Ratio (% p.a.) size Entry price ($) Exit price ($) Global Alternatives Fixed interest Cash Commonwealth Shares 1/09/ % 0.35% / 0% % 3.2% 11.2% 7.2% 7.9% 5.5% 7.3% 99.1% 0.9% Commonwealth Shares 8/09/ % 0.35% / 0% % 4.1% 12.4% 8.0% 9.6% 6.5% 5.2% 49.8% 49.4% 0.8% FirstChoice Wholesale High Growth 12/10/ % 0.50% / 0% % 2.1% 10.3% 7.0% 8.4% 6.2% 3.9% 39.9% 39.2% 9.8% 9.8% 1.3% Commonwealth Growth 1/09/ % 0.25% / 0% % 2.8% 9.2% 6.6% 8.4% 6.3% 6.1% 35.3% 34.7% 19.6% 10.4% Colonial First State Diversifed 8/05/ % 0.40% / 0% % 2.6% 8.4% 5.5% 7.1% 5.3% 4.6% 32.1% 21.6% 5.0% 4.8% 29.1% 7.4% FirstChoice MultiIndex Balanced 8/09/ % 0.30% / 0% % 0.4% 6.1% 5.3% 6.7% 5.7% 4.7% 29.3% 28.2% 6.1% 5.9% 24.3% 6.2% Perpetual Balanced Growth 7/05/ % 0.40% / 0% % 0.2% 5.1% 3.5% 5.0% 4.4% 4.7% 35.1% 32.8% 20.1% 12.0% Commonwealth Managed 1/09/ % 0.25% / 0% % 2.3% 7.6% 5.6% 7.3% 5.6% 5.3% 29.3% 28.7% 17.4% 8.3% 16.3% Colonial First State Balanced 8/05/ % 0.30% / 0% % 1.9% 6.5% 4.0% 5.2% 3.8% 3.9% 21.6% 17.0% 5.1% 39.4% 16.9% BT Active Balanced 20/10/ % 0.40% / 0% % 2.0% 8.2% 5.3% 7.4% 5.0% 4.4% 38.8% 21.6% 7.7% 24.7% 7.2% Commonwealth Balanced 1/09/ % 0.20% / 0% % 1.6% 5.4% 4.3% 5.3% 4.7% 4.7% 20.4% 19.7% 15.9% 24.0% 20.0% Colonial First State Conservative 19/04/ % 0.20% / 0% % 1.8% 4.3% 2.5% 3.6% 3.4% 3.8% 15.2% 9.9% 5.1% 40.6% 29.2% Commonwealth Capital Defensive 8/10/ % 0.20% / 0% % 0.4% 1.5% 1.9% 2.7% 3.9% 4.0% 4.7% 5.1% 6.9% 39.8% 43.5% Commonwealth Savings 1/09/ % 0% / 0% % 0.4% 0.8% 1.2% 1.7% 2.6% 3.1% 100.0%

5 Commonwealth PensionSelect Closed to new members size Entry price ($) Exit price ($) Return for specified period (%) Compound annual returns (%) Asset allocation (%) Global Alternatives Fixed interest Cash Commonwealth Shares 17/07/ % 0.35% / 0% % 4.1% 13.4% 9.0% 9.9% 7.0% 7.6% 99.0% 1.0% Commonwealth Shares 20/07/ % 0.35% / 0% % 5.0% 14.4% 9.6% 11.3% 7.9% 5.3% 49.6% 49.6% 0.8% FirstChoice Wholesale High Growth 20/07/ % 0.50% / 0% % 2.5% 11.6% 7.8% 9.5% 7.2% 3.8% 39.9% 39.2% 9.8% 9.8% 1.3% Commonwealth Growth 16/07/ % 0.25% / 0% % 3.5% 10.6% 7.9% 9.8% 7.7% 8.5% 35.1% 34.5% 19.7% 0.1% 10.6% Colonial First State Diversifed 8/05/ % 0.40% / 0% % 2.9% 9.3% 6.2% 8.1% 6.1% 5.3% 32.1% 21.6% 5.0% 4.8% 29.1% 7.4% FirstChoice MultiIndex Balanced 20/07/ % 0.30% / 0% % 0.6% 7.0% 6.1% 7.8% 6.7% 5.0% 29.3% 28.2% 6.1% 5.9% 24.3% 6.2% Perpetual Balanced Growth 15/05/ % 0.40% / 0% % 0.1% 5.8% 4.1% 5.9% 5.3% 5.6% 35.1% 32.8% 20.1% 12.0% Commonwealth Managed 26/02/ % 0.25% / 0% % 3.0% 9.0% 6.9% 8.7% 7.0% 7.4% 29.0% 28.8% 17.9% 8.5% 15.8% Colonial First State Balanced 8/05/ % 0.30% / 0% % 2.4% 7.5% 4.8% 6.2% 4.6% 4.7% 21.6% 17.0% 5.1% 39.4% 16.9% BT Active Balanced 26/07/ % 0.40% / 0% % 2.4% 9.6% 6.1% 8.6% 6.0% 4.8% 38.8% 21.6% 7.7% 24.7% 7.2% Commonwealth Balanced 4/01/ % 0.20% / 0% % 2.0% 6.4% 5.2% 6.4% 5.7% 6.0% 19.8% 19.8% 16.0% 24.0% 20.4% Colonial First State Conservative 19/04/ % 0.20% / 0% % 2.1% 5.2% 3.2% 4.4% 4.3% 4.6% 15.2% 9.9% 5.1% 40.6% 29.2% Commonwealth Capital Defensive 19/07/ % 0.20% / 0% % 0.7% 2.3% 2.7% 3.7% 4.9% 4.9% 4.6% 4.7% 6.9% 39.5% 44.3% Commonwealth Savings 31/03/ % 0% / 0% % 0.6% 1.3% 1.9% 2.4% 3.4% 4.3% 100.0% Commonwealth Capital Secure 26/02/ % 0.10% / 0% % 0.5% 1.3% 1.8% 2.4% 3.8% 4.4% 36.1% 63.9%

6 Commonwealth Life Corporate/Business Super Bonds Closed to new members Growth Managed Balanced Capital Secure returns size Entry price ($) Exit price ($) Corporate* 2/05/ % 0.25% / 0% % 3.2% 10.0% 7.5% 9.3% 7.2% 7.8% Corporate** 2/05/ % 0.25% / 0% % 3.2% 10.0% 7.5% 9.3% 7.2% 7.8% Business* 2/05/ % 0.25% / 0% % 2.8% 9.2% 6.7% 8.4% 6.4% 7.1% Business** 2/05/ % 0.25% / 0% % 2.8% 9.2% 6.7% 8.4% 6.4% 7.1% Corporate* 22/01/ % 0.25% / 0% % 2.7% 8.4% 6.5% 8.1% 6.4% 7.5% Corporate** 22/01/ % 0.25% / 0% % 2.7% 8.3% 6.4% 8.1% 6.4% 7.5% Business* 26/03/ % 0.25% / 0% % 2.3% 7.5% 5.6% 7.3% 5.6% 6.8% Business** 26/03/ % 0.25% / 0% % 2.3% 7.5% 5.6% 7.3% 5.6% 6.8% Corporate* 4/01/ % 0.20% / 0% % 1.9% 6.1% 5.0% 6.0% 5.4% 5.8% Corporate** 4/01/ % 0.20% / 0% % 1.9% 6.0% 5.0% 6.0% 5.4% 5.8% Business* 4/01/ % 0.20% / 0% % 1.5% 5.2% 4.2% 5.2% 4.6% 5.1% Business** 4/01/ % 0.20% / 0% % 1.5% 5.2% 4.2% 5.2% 4.6% 5.1% Corporate* 22/01/ % 0.10% / 0% % 0.3% 0.8% 1.4% 1.8% 3.0% 4.6% Corporate** 22/01/ % 0.10% / 0% % 0.3% 0.8% 1.4% 1.8% 3.0% 4.6% Business* 26/03/ % 0.10% / 0% % 0.1% 0.1% 0.6% 1.0% 2.3% 3.9% Business** 26/03/ % 0.10% / 0% % 0.1% 0.1% 0.6% 1.0% 2.3% 3.9% 35.3% 29.3% 20.4% Global 34.7% 28.7% 19.7% Alternatives Fixed interest Cash 19.6% 17.4% 15.9% 8.3% 24.0% 36.0% 10.4% 16.3% 20.0% 64.0% * Policies opened before 1 January 1995 ** Policies opened on or after 1 January 1995

7 Commonwealth Personal Superannuation & Rollover Plan and Commonwealth Rollover Closed to new members returns size Entry price ($) Exit price ($) Global Alternatives Fixed interest Cash Commonwealth Shares CPS&RP 17/07/ % 0.35% / 0% % 3.2% 11.2% 7.2% 7.9% 5.5% 6.5% 99.0% 1.0% CPS&RP 1/08/ % 0.25% / 0% % 2.8% 9.2% 6.6% 8.4% 6.3% 6.9% Commonwealth Growth CRF* 1/08/ % 0.25% / 0% % 2.8% 9.2% 6.7% 8.4% 6.3% 6.9% 35.3% 34.7% 19.6% 10.4% CRF** 1/08/ % 0.25% / 0% % 2.8% 9.2% 6.7% 8.4% 6.3% 6.9% CPS&RP 14/09/ % 0.25% / 0% % 2.3% 7.6% 5.6% 7.3% 5.6% 6.7% Commonwealth Managed CRF* 22/06/ % 0.25% / 0% % 2.3% 7.6% 5.7% 7.3% 5.6% 6.6% 29.3% 28.7% 17.4% 8.3% 16.3% CRF** 22/06/ % 0.25% / 0% % 2.3% 7.6% 5.7% 7.3% 5.6% 6.6% CPS&RP 4/01/ % 0.20% / 0% % 1.6% 5.4% 4.3% 5.3% 4.7% 4.9% Commonwealth Balanced CRF* 29/04/ % 0.20% / 0% % 1.6% 5.4% 4.4% 5.4% 4.7% 5.1% 20.4% 19.7% 15.9% 24.0% 20.0% CRF** 29/04/ % 0.20% / 0% % 1.6% 5.4% 4.3% 5.4% 4.7% 5.1% CPS&RP 14/09/ % 0.10% / 0% % 0.1% 0.5% 1.0% 1.4% 2.7% 4.2% Commonwealth Capital Secure CRF* 22/06/ % 0.10% / 0% % 0.1% 0.5% 1.0% 1.5% 2.7% 4.1% 36.0% 64.0% CRF** 22/06/ % 0.10% / 0% % 0.1% 0.5% 1.0% 1.5% 2.7% 4.1% CPS&RP 31/03/ % 0% / 0% % 0.4% 0.8% 1.2% 1.7% 2.6% 3.4% Commonwealth Savings CRF* 1/10/ % 0% / 0% % 0.4% 0.8% 1.3% 1.8% 2.7% 3.2% 100.0% CRF** 1/10/ % 0% / 0% % 0.4% 0.8% 1.3% 1.8% 2.7% 3.2% * Policies opened before 20 April 1994 ** Policies opened on or after 20 April 1994

8 Commonwealth Life Rollover Bonds and Commonwealth Life Insurance & Family Bonds Commonwealth Life Rollover Bonds Closed to new investors returns size Entry price ($) Exit price ($) Global Alternatives Fixed interest Cash Managed 14/09/ % 0.25% / 0% % 2.3% 7.6% 5.6% 7.3% 5.6% 6.7% 29.3% 28.7% 17.4% 8.3% 16.3% Capital Secure 14/09/ % 0.10% / 0% % 0.1% 0.5% 1.0% 1.4% 2.7% 4.2% 36.0% 64.0% Commonwealth Life Insurance & Family Bonds Closed to new investors Capital Secure returns size Entry price ($) Exit price ($) * 14/09/ % 0.20% / 0% % 0.5% 2.2% 2.0% 2.8% 2.9% 3.9% ** 14/09/ % 0.20% / 0% % 0.5% 2.1% 2.0% 2.9% 2.9% 3.9% 11.4% Global 10.8% Alternatives Fixed interest Cash 13.0% 35.1% 29.7% Managed * 14/09/ % 0.25% / 0% % 1.7% 6.0% 4.5% 5.8% 4.4% 5.4% ** 14/09/ % 0.25% / 0% % 1.8% 6.0% 4.5% 5.8% 4.3% 5.4% 29.4% 28.9% 17.2% 8.2% 16.3% * Policies opened before 1 July 1995 ** Policies opened on or after 1 July 1995