Balanced

Objective

To invest in a broad range of asset classes which have the potential to achieve capital growth over the longer term. Capital gains can be expected to be achieved, but there is also the risk of capital loss.

Investment Strategy

Primarily invests (through discrete investment trusts) in a portfolio of Australian and overseas investments including (but not limited to) Australian cash, fixed interest securities, listed property trusts, unit trusts and listed shares. Investments may include currency, futures and options contracts.

Risk Profile

Due to the investment characteristics of the assets held in the Fund, the performance of the Balanced Fund may be volatile, including the potential to experience a capital loss.

Investor Profile

Designed to suit investors who wish to maximise their investment returns and are willing to accept a higher level of risk. Target timeframe is 5-6 years or longer.

Strategic Tilting

The following strategic tilt(s) are now in place:

• International Equities – 30% hedged to the AUD.

Fund Managers

• Aberdeen Asset Management Limited
• AllianceBernstein Australia Limited
• AMP Capital Investors
• BlackRock Investment Management (Australia) Limited
• Cohen & Steers Capital Management, Inc.
• Colonial First State Global Asset Management
• Epoch Investment Partners, Inc
• Fidelity Worldwide Investment
• Macquarie Funds Group
• Orion Asset Management Limited
• Pareto Investment Management Ltd
• PIMCO Australia Pty Limited
• Schroder Investment Management Limited
• State Street Global Advisors Australia, Limited
• Vanguard Investments Australia Ltd.
• Walter Scott & Partners Limited