Super and Pension. Investment Options List. Date issued 23 January 2018

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1 Super and Pension Investment Options List Date issued 23 January 2018 Issued By: ClearView Life Nominees Pty Limited ABN AFSL RSE Licence No L as Trustee for the ClearView Retirement Plan ABN RSE Registration No R1624. USI: CVW0001AU For further information about the methodology used by Chant West, see

2 Contact Details ClearView WealthFoundations GPO Box 4232 Sydney NSW Product Disclosure Statement (PDS) Contains key information. Available online at or by calling Additional Information Brochure (AIB) Contains important information on account management, super and pension products. Available online at or by calling Investment Options List (IOL) Contains more detailed information on available investments. The information in this document forms part of the Product Disclosure Statement (PDS) for ClearView WealthFoundations Super and Pension dated 5 December You should consider this document and the PDS before making a decision about WealthFoundations Super and Pension. You should also obtain and read the Additional Information Brochure. You can obtain a copy of these documents and any other required updated information free of charge online at by calling us on or from your financial adviser. Information in the PDS, Additional Information Brochure and this Investment Options List is subject to change from time to time and may be updated by us. Updated information, if it is not materially adverse, can be obtained from your financial adviser, online at or by calling us on The fund managers named in this document have given, and not withdrawn, their consent to be included in this document in the form and context in which they appear. The fund managers named have not issued and are not responsible nor liable for the content of this document. Chant West has given its consent to the inclusion in this PDS of the references to Chant West and the inclusion of the logos and ratings provided by Chant West in the form and context in which they are included. The information provided in this document is general information only and does not take account of your personal objectives, financial situation or needs (your 'personal circumstances'). You should consider the appropriateness of the information in this PDS having regard to your personal circumstances. Your financial adviser can provide you with tailored advice that meets your personal circumstances and we recommend you discuss your situation with them before acting on the information in this document.

3 Guide to each Strategy This is information about who this option is suitable for and the risk target. This is the asset class split for each IPS Strategy at the date of this document. Growth Assets Defensive Assets Infrastructure This is the target asset allocation and range split between growth and defensive assets. These are the underlying investment options with current allocations. Australian Shares International Shares Emerging Markets Cash Fixed Interest ClearView WealthFoundations Page 3

4 Investment strategies available This Investment Options List contains more detail on the following investment strategies: Guaranteed Cash LifeStages (refer to the relevant IPS Strategy for your age) Age at rebalance Less than to less than to less than LifeStages IPS Strategy IPS Dynamic 90 IPS Dynamic 70 IPS Dynamic 50 IPS Dynamic 30 IPS Strategies (available in your Investment Pool) Diversified Active IPS Dynamic 30 IPS Dynamic 50 IPS Dynamic 70 IPS Dynamic 90 Diversified Enhanced Index IPS Enhanced Index 30 IPS Enhanced Index 50 IPS Enhanced Index 70 IPS Enhanced Index 90 Sector Specific IPS Active Australian Shares IPS Active International Shares IPS Enhanced Index Shares IPS Conservative Growth IPS Income IPS Cash Guaranteed Cash in detail Guaranteed Cash A portfolio of cash and short term securities designed to provide security of capital with some income. For investors looking for high security for their capital. To provide a high level of security of capital by investing in cash and other highly liquid investments. No minimum 1 / Very low Growth - 0% (0%), Defensive - % (%) Guaranteed Cash % % Page 4 Super and Pension

5 IPS Strategies in detail IPS Dynamic 30 A portfolio of actively managed assets designed to achieve stable returns over the short to medium term. For investors who regard security and stability as more important than the level of returns. To earn relatively stable returns over the short to medium term. 3 years 3 / Low to medium Growth 30% (20-40%), Defensive 70% (60-80%) 8% 8% 4% 2 CFS Infrastructure Fund Schroder Equity Opportunities Fund Hyperion Australian Shares Fund CLAL Antipodes Global Fund Stewart Investors Worldwide Sustainability Fund 6% 2% 6% 2% RARE Emerging Markets Fund 4% 2 50% 50% IPS Dynamic 50 A portfolio of actively managed assets designed to achieve moderate returns over the medium term. For investors who seek capital growth and are willing to accept some volatility. To earn moderate returns over the medium term. 4 years 5 / Medium to high Growth 50% (40-60%), Defensive 50% (40-60%) CFS Infrastructure Fund Schroder Equity Opportunities Fund 12. 7% Hyperion Australian Shares Fund 3% 7. CLAL Antipodes Global Fund Stewart Investors Worldwide Sustainability Fund 7% 3% RARE Emerging Markets Fund 7. 4 ClearView WealthFoundations Page 5

6 IPS Dynamic 70 A portfolio of actively managed assets designed to achieve high returns over the long term. For investors who desire the potential for higher returns and are comfortable with higher risks. To earn relatively high returns over the long term. 5 years 6 / High Growth 70% (60-80%), Defensive 30% (20-40%) CFS Infrastructure Fund Schroder Equity Opportunities Fund Hyperion Australian Shares Fund 30% 18% CLAL Antipodes Global Fund Stewart Investors Worldwide Sustainability Fund 13% RARE Emerging Markets Fund 12% 12% 30% IPS Dynamic 90 A portfolio of actively managed assets designed to achieve significant returns over the long term. For investors who seek to maximise their return and are prepared to accept a higher level of risk on their investment. To earn significant returns over the long term. 7 years 6 / High Growth 90% (80-%), Defensive (0-20%) CLAL Listed Property Fund 20% CFS Infrastructure Fund Schroder Equity Opportunities Fund 17. Hyperion Australian Shares Fund CLAL Antipodes Global Fund % Stewart Investors Worldwide Sustainability Fund RARE Emerging Markets Fund Page 6 Super and Pension

7 IPS Enhanced Index 30 A portfolio of actively managed assets designed to achieve stable returns over the short to medium term. For investors who regard security and stability as more important than the level of returns. To earn relatively stable returns over the short to medium term. 3 years 3 / Low to medium Growth 30% (20-40%), Defensive 70% (60-80%) 8% 8% 4% 2 Vanguard Global Infrastructure Index Fund Plato Australian Shares Fund SSGA International Shares Fund 8% 8% Vanguard Emerging Markets Shares Index Fund 4% 2 50% 50% IPS Enhanced Index 50 A portfolio of actively managed assets designed to achieve moderate returns over the medium term. For investors who seek capital growth and are willing to accept some volatility. To earn moderate returns over the medium term. 4 years 5 / Medium to high Growth 50% (40-60%), Defensive 50% (40-60%) Vanguard Global Infrastructure Index Fund Plato Australian Shares Fund 12. SSGA International Shares Fund 7. Vanguard Emerging Markets Shares Index Fund ClearView WealthFoundations Page 7

8 IPS Enhanced Index 70 A portfolio of actively managed assets designed to achieve high returns over the long term. For investors who desire the potential for higher returns and are comfortable with higher risks. To earn relatively high returns over the long term. 5 years 6 / High Growth 70% (60-80%), Defensive 30% (20-40%) Vanguard Global Infrastructure Index Fund Plato Australian Shares Fund SSGA International Shares Fund 18% 30% 18% Vanguard Emerging Markets Shares Index Fund 12% 30% 12% IPS Enhanced Index 90 A portfolio of actively managed assets designed to achieve significant returns over the long term. For investors who seek to maximise their return and are prepared to accept a higher level of risk on their investment. To earn significant returns over the long term. 7 years 6 / High Growth 90% (80-%), Defensive (0-20%) CLAL Listed Property Fund 20% Vanguard Global Infrastructure Index Fund Plato Australian Shares Fund % SSGA International Shares Fund Vanguard Emerging Markets Shares Index Fund 23% % 14. Page 8 Super and Pension

9 IPS Active Australian Shares An actively managed portfolio whose underlying investments are Australian shares. For investors who seek to maximise their return and are prepared to accept a higher level of risk on their investment. To earn significant returns over the long term. 7 years 7 / Very high Growth % (%), Defensive 0% (0-0%) Schroder Equity Opportunities Fund Hyperion Australian Shares Fund 70% 30% % IPS Active International Shares An actively managed portfolio whose underlying investments are International shares For investors who seek to maximise their return and are prepared to accept a higher level of risk on their investment. To earn significant returns over the long term. 7 years 7 / Very high Growth % (%), Defensive 0% (0-0%) 33% CLAL Antipodes Global Fund Stewart Investors Worldwide Sustainability Fund RARE Emerging Markets Fund 33% 34% 33% 67% ClearView WealthFoundations Page 9

10 IPS Enhanced Index Shares A portfolio whose underlying investments consist of both domestic and international shares. For investors who seek to maximise their return and are prepared to accept a higher level of risk on their investment. To earn significant returns over the long term. 7 years 6 / High Growth % (%), Defensive 0% (0%) Plato Australian Shares Fund 33% SSGA International Shares Fund 34% 33% 33% Vanguard Emerging Markets Shares Index Fund 33% 34% IPS Conservative Growth An actively managed portfolio of shares from what could be more defensive sectors of the share market such as infrastructure and property For investors who wish to invest in the potentially more defensive sectors of the share market. To earn relatively high returns over the long term. 6 years 7 / Very high Growth % (%), Defensive 0% (0%) 40% CLAL Listed Property Fund CFS Infrastructure Fund Vanguard Global Infrastructure Index Fund 40% 40% 20% 60% Page 10 Super and Pension

11 IPS Income A portfolio of fixed interest investments For investors who regard security and stability as more important than the level of returns. To earn relatively stable returns over the short to medium term. 3 years 3 / Low to medium Growth 0% (0%), Defensive % (%) PIMCO International Bonds Fund 7 2 % IPS Cash An investment in % cash Very risk adverse investors and/or those with a short investment time frame. To earn cash returns No minimum 1 / Very low Growth 0% (0%), Defensive % (%) % % ClearView WealthFoundations Page 11

12 Underlying investment options The following table shows the asset allocation of each underlying investment option. Note that certain underlying investment options may have exposure to cash or other sectors not shown below. Some underlying investment options may use or be exposed to derivatives. For example, the CLAL Antipodes Global Fund may use derivatives for risk management purposes and to take opportunities to increase returns. The underlying value of derivatives may not exceed % of the Net Asset Value (NAV) of the Fund; and the underlying value of long stock positions and derivatives will not exceed 150% of the NAV of the Fund. APIR code (Super) APIR code (Pension) Property Infrastructure Australian Shares International Shares Emerging Markets Cash Fixed Interest Other CLAL Listed Property Fund CVW0008AU CVW0023AU CFS Infrastructure Fund CVW0009AU CVW0024AU Vanguard Global Infrastructure Index Fund CVW0010AU CVW0025AU Plato Australian Shares Fund CVW0011AU CVW0026AU Schroder Equity Opportunities Fund CVW0012AU CVW0027AU Hyperion Australian Shares Fund CVW0013AU CVW0028AU CLAL Antipodes Global Fund CVW2683AU CVW6830AU Stewart Investors Worldwide Sustainability Fund CVW0015AU CVW0030AU SSGA International Shares Fund CVW0016AU CVW0031AU Vanguard Emerging Markets Shares Index Fund CVW0017AU CVW0032AU RARE Emerging Markets Fund CVW0018AU CVW0033AU CVW0005AU CVW0020AU CVW0006AU CVW0021AU PIMCO International Bonds Fund CVW0007AU CVW0022AU Guaranteed Cash CVW0004AU CVW0019AU Page 12 Super and Pension

13 Additional information on fees and costs: Super and Pension IPS Strategy Buy-sell spread Total fees (A) + (B) + (C) 1 Investment fee (excl. performance - related fee) (A) Performance - related fee (B) Administration fee (C) Indirect cost ratio 2 Guaranteed Cash 1.00% 0.80% IPS Dynamic % 0.97% % 0.12% IPS Dynamic % 1.08% 0.86% 0.02% 0.13% IPS Dynamic % 1.23% 0.99% 0.04% 0.14% IPS Dynamic % % 0.04% 0.12% IPS Enhanced Index % % IPS Enhanced Index % 0.91% 0.71% 0.06% IPS Enhanced Index % 0.96% 0.76% 0.02% IPS Enhanced Index % 0.99% 0.79% 0.01% IPS Active Australian Shares 0.53% 1.38% 1.18% IPS Active International Shares 0.50% 1.58% 1.28% % IPS Enhanced Index Shares 0.48% 1.03% 0.83% IPS Conservative Growth 0.36% 1.17% 0.97% 0.07% IPS Income 0.27% 0.91% 0.71% 0.24% IPS Cash 0.58% 0.38% 1 The Total fees excludes the Buy-sell spread and Indirect cost ratio. 2 These Indirect cost ratios are calculated on the indirect costs for this investment option for the year ended 30 June The costs you will incur in subsequent financial years will depend on actual fees, costs and taxes incurred. The indirect cost is subject to change without notice and includes net transactional and operational costs. A tax benefit may apply to fees charged to Super and Transition to retirement (TTR) accounts. All fees in the fee table above are before the tax benefit. The amount you actually pay is reduced by up to to allow for the benefit of tax deductions. ClearView WealthFoundations Page 13

14 Transactional and operational costs - Super and Pension IPS Strategy Gross transactional costs (D) Buy-sell spread recovery (E) Guaranteed Cash IPS Dynamic % 0. IPS Dynamic % 0.13% IPS Dynamic % 0.17% IPS Dynamic % IPS Enhanced Index % 0.09% IPS Enhanced Index % 0. IPS Enhanced Index % IPS Enhanced Index % 0.14% IPS Active Australian Shares 0.16% 0.19% IPS Active International Shares 0.39% 0.23% IPS Enhanced Index Shares 0.12% IPS Conservative Growth 0.22% 0. IPS Income 0.31% 0.08% IPS Cash Net transactional cost (D) - (E) 0.12% 0.13% 0.14% 0.12% 0.07% 0.06% 0.02% 0.01% 0.16% 0.07% 0.23% Page 14 Super and Pension

15 Explanation of fees and costs Investment fee An investment fee is a fee that relates to the investment of the assets of the super entity and includes (a) fees in payment for the exercise of care and expertise in the investment of those assets and (b) costs that relate to the investment of assets of the entity, other than: (i) Investment fees borrowing costs; and (ii) indirect costs that are not paid out of the super entity that the trustee has elected in writing will be treated as indirect costs and not fees, incurred by the trustee of the entity or in an interposed vehicle or derivative financial product; and (iii) costs that are not charged as an administration fee, a buy-sell spread, a switching fee, an exit fee, an activity fee, an advice fee or an insurance fee. Performance-related fee Whilst we do not currently charge a performance fee, underlying investment managers may. Performance-related fees may be paid to some of the underlying investment managers when they meet specific investment performance targets and any such fee will be incorporated into the underlying investment's unit price. The impact of performance-related fees on any IPS Strategy will be based on the extent to which the investment manager exceeds the performance target, as applied to the IPS Strategy's investment exposure. Performance-related fees may be paid to some of the underlying investment managers when they meet specific investment performance targets and any such fee will be incorporated into the underlying investment's unit price. Administration fee An administration fee is a fee that relates to the administration or operation of the super entity and includes costs that relate to that administration or operation, other than (a) borrowing costs; (b) indirect Administration fees costs that are not paid out of the super entity that the trustee has elected in writing will be treated as indirect costs and not fees, incurred by the trustee of the entity or in an interposed vehicle or derivative financial product; and (c) costs that are otherwise charged as an investment fee, a buy-sell spread, a switching fee, an exit fee, an activity fee, an advice fee or an insurance fee. Indirect cost ratio (ICR) The indirect cost ratio for an investment option offered by a super entity is the ratio of the total of the indirect costs for the investment option, to the total average net assets of the super entity attributed to the investment option. Note: A fee deducted from a member's account or paid out of the super entity is not an indirect cost. Transactional and operational costs Transactional and operational costs (transactional costs) represent the costs of investing through the underlying investments. These costs include brokerage, the bid-ask spread for underling assets, property operating costs, settlement costs, clearing costs and stamp duty and are an additional cost to you. Transactional costs factored into the daily unit price of each underlying investment option and are not deducted directly from your account. Some of the transactional costs may be recovered through the buy-sell spread. An amount not recovered through a buy-sell spread (net transactional and operational cost) forms part of the indirect cost ratio. The effect of a buy-sell spread is that some transactional costs will be the amount recovered through the buy-sell spread and therefore the net transactional and operational costs that we estimate were incurred at the underlying investment option level in the financial year ended 30 June Buy-sell spread recovery Some of the above transactional costs may be recovered through the buy-sell spread (known as the buy-sell spread recovery). The buy-sell spread recovery is the same as the buy-sell spread however it s based on the funds under management (FUM) within each IPS Strategy, whereas the buy-sell spread alone is based on specific transactions (such as investing, withdrawing or switching in and out). Buy-sell spread The buy-sell spread is not charged by CLN as Trustee. Rather, the buy-sell spread is charged by ClearView Life on each underlying investment option and to improve transparency of fees and costs, we have disclosed the buy-sell spread range in the AIB. You incur a buy-sell spread when you invest in, withdraw from or switch in or out of the IPS Strategy to contribute to the transactional and operational costs incurred in relation to the sale and purchase of assets in accordance with that IPS Strategy. The buy-sell spread is calculated at the underlying investment option level and disclosed as an aggregate for each IPS Strategy. As a result, the buy-sell spread for an IPS Strategy may change if the investment mix changes. ClearView WealthFoundations Page 15

16 Contact Details ClearView WealthFoundations Reply Paid Box 4232 Sydney NSW CVWF_ /18