Winter 2012

> Smartsuperstrategiesonanysalary

> Superchanges

> Market commentary

> WinaSamsungGalaxyTab®

YourChoice

Super news for members of IOOF Portfolio Service Superannuation Fund

ContentsHowlongcanyousurvivewithoutyoursalary? 2

Theearlyaccesstrap 2

Findyoursuper 3

Stoplosingyoursuper 3

Smartsuperstrategiesonanysalary 4

Superannuationchangesandwhattheymeanforyou 8

Marketcommentary 10

Somanychoices... 12

WinaSamsungGalaxyTab®

Keepintouchwithyourinvestmentswithonlineaccess.

Electtoreceiveyourmemberstatementelectronically(availablewhenyouhaveonlineaccesstoyouraccount)by30November2012,andyouwillgointothedrawtowinaSamsungGalaxyTab.*

*Forfulltermsandconditionsvisitwww.ioof.com.au

Withthegovernmentconstantlymakingchangestothewaysuperworks,it’simportantnottolosesightofthebiggerpicture.Yoursuperisoneofyourmostimportantassets.Itwillhaveasignificantbearingonthelifestyleyou’llbeabletoaffordinretirement.Andit’sinyourbestinteresttotakegoodcareofit.

Don’tmakeyoursuperanymorecomplicatedthanitneedstobe.Startwiththebasics:

• Knowwhatyou’reinvestedin.

• Don’thavemoresuperaccountsthanyouneed–consolidatethem.

• Seriouslyconsidercontributingmoretoyoursuper–evenifit’sonlyafewdollarsperweek.

• Makesureyourinsuranceisup-to-dateandisgoingtoprovideyouwiththeprotectionyouneed.

• Seekfinancialadvice.

Ifyoumanageonlythesefivethings,you’llbealongwaytowardsmaximisingthebenefitsofsuperandsettingyourselfupforthefuture.

Anddon’tforgetthatninepercentofyoursalarygoesintosupereveryweek,everymonth,everyyear.Ninepercent!That’stoomuchofyourmoneytoignoreorletsitidle.Takecontrolofitandputittogooduse.

Ifyouneedanyhelp,speaktoyourfinancialadviserorcallourclientservicesteamon1800 062 963.

ChristopherFKelaherManagingDirectorIOOFHoldingsLimited

Welcometothe2012editionofYourChoice

Focusonthebigpicture

2

Howlongcanyousurvivewithoutyoursalary?Here’saninterestingexerciseforyou:logintoyourinternetbanking(orpickuparecentstatement)andcountthewithdrawaltransactions.Nowcountthedeposittransactions.Isthereabitofamismatch?You’renotalone.Alotofpeopleonlyhaveoneregulardepositintotheireverydaysavingsaccount–theirsalary.

Stopandthinkforamomentaboutwhatwouldhappenifyouwereinjuredorsufferedfromasignificantillnessandwerenolongerabletoearnasalary.Howmanyofthewithdrawalsfromyoursavingsaccountwouldstop?

Protect your incomeIncomeprotectioninsuranceprovidesanincomestreamifyou’reunabletoworkduetoaninjuryorillness.Intheeventofaclaim,theinsurerwillpayanamount(normallyupto75percentofyoursalary)untilyouhavereturnedtoworkagainoruntiltheexpirationofthemaximumbenefitperiod(youcannominatethisperiod–twoyears,fiveyearsoruptoage65).

How much will it cost?Incomeprotectionpremiumsvary.Generally,theydependonthelevelofprotectionyouareafter,yourage,gender,occupationandpreviousmedicalconditions.Youcanadjustyourpremiumbychoosingthewaitingperiodandbenefitperiod.

Speaktoafinancialadviseraboutthebenefitsofincomeprotectioninsuranceanddownloadaninsuranceapplicationform

fromourwebsite(www.ioof.com.au).

TheearlyaccesstrapWhen you’re short of cash, your super balance can look pretty appealing... Andyoumayhaveseenadvertisementspromotingschemestohelpyougetaccesstoyoursuper.Problemsolved,right?Wrong.Gettingearlyaccesstoyoursupercouldendupcreatingmoreproblemsthanitsolves.

Access to super is restrictedGenerallyspeaking,youcan’taccessyoursuperuntilyoureachyourpreservationageandretire,orreachage65.Thereareavenuesforlegallyaccessingyoursuperonfinancialhardshiporcompassionategrounds,butinordertodoso,youmustmeetstrictconditionssetoutundersuperannuationlaw.

But what about those ‘get your hands on your super now’ ads?‘Earlyaccessschemes’ofteninvolveoutrightfraud.Promotersoftheseschemestypicallydemandalargecommission–likeupto50percentofyoursuperbalance.Theymaysuggestyourolloveryoursuperintoaself-managedsuperfundandthensignfalsestatementsinordertomeettheconditionsrequiredforrelease.

Thiskindofbehaviourcanexposeyoutofinesorevenjail.Ifyouhavebeenapproachedtoparticipateinsuchascheme,youshouldreportyourexperiencetotheAustralianSecurities&InvestmentsCommission(ASIC).

3IOOF | YourChoice

FindyoursuperThere’sanestimated3.6millionlostsuperaccountsinAustralia.Thatamountstoatotalof$17.4billion!Someofthismoneycouldbeyours.

Ifyouhaveanylostsuperorsuperspreadacrossseveralaccounts,youshoulddefinitelyconsiderconsolidatingitintoonesingleaccount.Thismakesiteasiertokeeptrackofhowyoursuperisgrowingandmoreimportantly,saveyoupayingmultiplefees.Remembertocheckthingslikeyourinsurancecoverandanyexitfeesbeforeclosinganyaccounts.Yourfinancialadvisercanhelp.

Findoutwhetheryouhaveanylostsuperbyvisitingwww.ato.gov.au/superseekerorcallingtheATOon13 10 20.

StoplosingyoursuperIt’simportantthatwehaveyourtaxfilenumber(TFN)–withoutit,youraccountcouldbemarkedas‘lost’andtransferredtotheATO.ProvidingyourTFNiseasy–youcangiveittousoverthephone.

Callourclientservicesteamon1800 062 963.

Not just idle threatsASIChassuccessfullyprosecutednumerouscasesinvolvingunlawfulearlyaccesstosuper,withanumberofindividualsreceivingjailterms.Forexample,inarecentcase,thetrusteeofaself-managedsuperfundreceivedatwo-yearsentencefordistributingtheproceedsofthefundtomemberswhohadn’tsatisfiedaconditionofrelease(andforretaininga$600,000commissionforhimself).1

Genuine casesIfyouaregenuinelysufferingfinancialhardship,youcanapplytothetrusteeofyoursuperannuationfundandaskforafinancialhardshipapplication.Ifyouthinktherearecompassionategroundswhichjustifyyouaccessingyoursuper,youshouldapplytotheDepartmentofHumanServices.

1Source:ASICMoneySmart:www.moneysmart.gov.au/scams/superannuation-scams

4

Smartsuperstrategiesonanysalary

5IOOF | YourChoice

We’veoutlinedsomesuperstrategiesbelow,whichmayhelpyouachieveyoursupergoals,dependingonyoursalarylevel.

Earninglessthan$37,000perannumTake advantage of the Government’s super co-contribution scheme

TheFederalGovernmentislookingtoreducethemaximumco-contributionto$500from1July2012(althoughlegislationhasyettobeintroduced)butit’sstillagreatwaytoboostyoursuper.Yougetthemaximumbenefitof$500ifyoucontribute$1,000andyouearnunder$31,920.Theco-contributionbenefitreducesasyourincomeincreasesupto$46,920,whereitcutsoutaltogether.

For more information: www.ioof.com.au/co-contribution

Receive the low income earner superannuation contribution

TheAustralianGovernmenthasintroducedthenewlowincomeearnersuperannuationcontribution.Thisisdesignedtorefundthe15percentcontributionstaxthatappliestopre-taxemployercontributions(suchasyournormalsuperannuationguaranteecontributionsandanysalarysacrificecontributionsyoumake).Itmeanspeoplewhosenormaltaxrateislowerthan15percentwillnotbenegativelyimpactedwhenreceivingsuperannuationguaranteecontributionsfromtheiremployer.

Themaximumamountofthelowincomesuperannuationcontributioneachfinancialyearwillbe$500.

Fund your life insurance through your super

Supercanbeagreatwaytopayforyourinsurancepremiums.Chancesarethatyouwillhavemoremoneyinyoursuperfundthaninyourday-to-daybankaccount,sobypayingyourpremiumsthroughyoursuper,youdon’thavetoworryaboutyourcashflow.

For more information: www.ioof.com.au/insurance

Consolidate your super

Consolidatingyoursuperintooneaccounthasthepotentialto:

• saveyoumoney–asyouwillonlyhaveonesetoffeesandcharges.

• makemanagingyourinvestmentstrategyandoptionseasier–asyouwillhaveonlyonesetofpaperworkorformstocomplete.

Thereareacoupleofthingsyoushouldconsiderwhenyouarelookingatclosingoneormoreofyoursuperaccounts–forexample,youneedtounderstandthefeestructures,productfeaturesandinsurancecoveryouaregivingupwhenyoucloseaparticularaccount.Werecommendyouspeaktoyourfinancialadviserformoreinformationandassistance.

For more information: www.ioof.com.au/ super_consolidation

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Earning$37,000-$80,000perannumSalary sacrifice into super

Bycontributingsomeofyourpre-taxsalaryintoyoursuper,youhavetheaddedbenefitofnotonlygrowingyoursuperfaster,butyoucouldsaveontax!Thereisalimittohowmuchyoucanmakeinconcessionalsupercontributionseachyear($25,000).Keepaneyeonthislimit,becausethetaxonexcesscontributionscanbesignificant(46.5percent).

For more information: www.ioof.com.au/salary_sacrifice

Split your contributions with your spouse

Youcansplityourconcessionalcontributionswithyourspouse,whichmeansifyourspousehaslessincome(ornoincome)theycanincreasetheirseparatesupersavingsfasterthantheywouldontheirown.Thismayalsoleadtotaxsavingswhenyouarebothreadytoaccessyourretirementsavings.

For more information: www.ioof.com.au/spouse

Make sure you’re covered for the future

Youshouldhaveaplaninplaceforyouandyourfamilyincaseanythingshouldhappentoyou.Youshouldregularlyreviewyourlifeinsuranceneeds(includingdeterminingwhetherthisinsuranceshouldbeheldinsideoroutsideofsuper).Therearedifferenttypesofinsurancecovertoprotectyouintheeventofseriousinjury,illnessorpermanentdisablement,ortoprovidealumpsumtoyourbeneficiariesintheunfortunateeventofyourdeath.Lookintothedifferentoptionstoprotectyouandyourfamily’sfinancialwellbeing.

Co-contribution

Althoughyouneedtoearnlessthan$31,920togetthemaximumbenefitfromthesuperco-contribution,anybodyearninglessthan$46,920cangetsomebenefit.Seetheprevioussectionformoredetails.

For more information: www.ioof.com.au/co-contribution

Help is not far away

Whetheritisleveraginggovernmentincentives,ensuringyouhavetherightinsurancecoverorsettinguptherightinvestmentstrategy,youradvisercanhelp.Ifyoudon’thaveafinancialadviser,visitourwebsitetofindonenearyou:www.ioof.com.au/find_adviser

IOOF | YourChoice

Earningmorethan$80,000perannumSalary sacrifice into super

Ifyou’reinahighertaxbracketandchoosetocontributesomeofyourpre-taxsalaryintoyoursuper,thenyouwillnotonlygrowyoursuperfasterbutmaypotentiallysaveontax.However,youneedtobearinmindthatthe$25,000concessionalcontributionscapincludesthesuperannuationguaranteecontributionsmadebyyouremployerandsalarysacrificecontributions.Contributionsinexcessofthislimitaretaxedat46.5percent,whichcanquicklywipeoutthetaxbenefitofsalarysacrificinginthefirstplace.

For more information: www.ioof.com.au/salary_sacrifice

Choose investments wisely

Youshouldmakesurethattheinvestmentsyouholdinyoursuperaccountarerightforyou–takeintoaccountyourfinancialgoals,howlonguntilyouretireandhowcomfortableyouarewithrisk.Thereareinvestmentsavailabletosuiteveryriskappetiteandtimeframe–gettingtherightadvicewillhelpyouchoose.

For more information: www.ioof.com.au/choosing

Insure yourself

Thinkaboutwhatwouldhappenifyoupassedawayorifyoucouldnotworkanymore.Howwouldyourbillsgetpaid?Whowouldcoveryourmortgagerepayments?Thisisespeciallyimportantifyouhaveyourownbusinessorarethemajorincomeearnerinyourfamily.Takingoutappropriateinsurancemaybetheeasiestandsmartestwayforyoutodisaster-proofyourfinances.Contactyourfinancialadviserformoreinformation–itmaynotbeascomplicatedorasexpensiveasyoumaythink.

For more information: www.ioof.com.au/insurance

Splitting your superannuation contributions

Ifyourspouseearnslessthanyouorhaslessaccumulatedintheirsuper,youshouldconsidersplittingyourcontributionswiththem.Yourspousecanincludelegalspouses,de-factospousesandsame-sexpartners.

For more information: www.ioof.com.au/spouse

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8

Superannuationchangesandwhattheymean

foryou

Ifyou’reanemployee......theninepercentsuperguaranteethatyouremployermustpayforyouwillgraduallyincreaseto12percentoverthenextsevenyears.

Thismeansthatyou’llreceivemoresavingsforyourretirementjustbyturninguptowork.Accordingtogovernmentprojections,a30yearoldearningaveragefull-timewageswillhaveanadditional$108,000inretirementsavingsasaresultoftheincreasedsuperguarantee.*

Yearcommencing

Employercontributions

1July2013 9.25%

1July2014 9.5%

1July2015 10%

1July2016 10.5%

1July2017 11%

1July2018 11.5%

1July2019 12%

Theunderlyingprinciplebehindsuperiseasytograsp.Putsimply,yousavenowforyourfuture.However,withalltherulessurroundingsuperandtheGovernment’scontinualtinkeringwiththesystem,it’sunderstandableifyou’reabitconfusedbythewholething.

*Source:Ataxplanforourfuture–www.futuretax.gov.au,TheTreasury

9IOOF | YourChoice

Ifyou’re50yearsofageorover......yourconcessionalsupercontributioncaphasbeenreducedto$25,000from1July2012(ratherthan$50,000).Thismeansthatwhenyousalarysacrifice,anyexcesscontributionsyoumakeabove$25,000willbetaxedatthehighestmarginaltaxrate.

Thisonesizefitsallapproachiscurrentlyscheduledtolastforthenexttwofinancialyears.Ithasbeenproposedthaton1July2014,theconcessionalcapwillrevertbackto$50,000ifyouhavelessthan$500,000inyoursuper(howeverthishasnotbeenlegislated).

Ifyou’reahighincomeearnerbringingin$300,000ormoreeachyear......theGovernmentislookingtodoubleyoursupercontributionstaxfrom15percentto30percentfrom1July2012(althoughlegislationisyettobeintroduced).

Asyoumaybeaware,the15percentcontributionstaxappliestoconcessionalcontributions,whicharemadeupofthe9percentsuperguaranteecontributionsthatyouremployermustmakeforyouandanysalarysacrificecontributionsyoumake.Thenewcontributionstaxratewillapplytoconcessionalcontributionsreceivedbyyoursuperfundonandafter1July2012.

It’simportanttorememberthatthedefinitionof‘income’mayincludeyourtaxableincomeplusemployersupercontributionsandsalarysacrificecontributions.

TheGovernmenthasconfirmedthatifyourincomeexcludingconcessionalsuper

contributionsislessthan$300,000peryearbutyourconcessionalsupercontributionspushesyouover$300,000,anyamountexceedingthethresholdwillbetaxedatthehigher30%rate.

Ifyouearnlessthan$37,000ayear......yoursuperaccountwillreceivealow-incomesupercontributionrebateofupto$500.Thismeansthatanycontributionstaxyoupayonyouremployersupercontributions(andsomeofyoursalarysacrificecontributionsdependingonyouremploymentincome)willberefundedtoyou.

Youdon’tevenhavetomakeaclaimforthe$500.JustcompleteyourtaxreturnandtheATOwilldotherest!

Ifyouearnbetween$31,920and$46,920peryear......theGovernmentisproposingtomatch50centsperdollarofanynon-concessionalcontributionyoumaketoyoursuper,uptoamaximumof$500ifyouearnlessthan$31,920(althoughthisisyettobelegislated).Ifyouearnmorethanthis,themaximumbenefitreducesuntilitcutsoutwhenyourincomereaches$46,920.TheGovernment’sco-contributionisanincentivetoencourageyoutocontributetoyoursuper.

Again,youdon’tevenhavetomakeaclaimfortheco-contribution.JustcompleteyourtaxreturnandtheATOwilldotherest!

Tolearnmoreabouthowthesuperchangesmayimpactyou,speaktoafinancialadvisertoday.

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Marketcommentary

The2011/12financialyearwasanotherdifficultoneforinvestorswithmanybalancedfundsendingtheyearwithreturnsaroundzero.Hardlyagreatresultbuta‘glasshalffull’investormayseeitasareasonableoutcomeinayearwithmanychallengingglobalandmarketissues.

Europecastsalongshadowoverinvestmentmarkets…Itwasayearofunfoldingshocksthatweremetwithresponsesfrompolicymakers.Unfortunatelytheeffectivenessoftheseresponseswasoftenwatereddownforpoliticalreasons.Itwasayearthatendedwithadistincttrendawayfromriskthatdraggeddownreturnsofgrowthassetslikesharesandboostedreturnsondefensiveassetslikefixedinterest.

Theyearthatwas:growthassetsTheyearbeganinanuneasyfashionbeforefearsofGreekcontagionandthelossoftheUnitedStates’AAAlongtermcreditratinginearlyAugust2011ledtoasharpsell-off.Thisleftmostgrowthassetsaround10percentto15percentlowerbytheendoftheSeptemberquarter.

Whatfollowedthesesharpfallswasaburstofpolicyactionfromcentralbankersaroundtheglobe,whichincludedquantitativeeasing,cashratecutsandtheFed’sOperationTwist.

EuropeanMonetaryUnionleaders,underconsiderablepressuremadearangeofannouncementsatDecember’sEuropeanCouncilmeeting.ThesemeasureshelpedrestoreconfidenceandunderpinnedarallyingrowthassetsintheNewYear.

ThesefavourabletailwindslasteduntilaroundEasterwhensentimentbegantosouronsignsofaslowinginChina’seconomyandongoingconcernsabouttheimpactofEuropeanausteritymeasures.ThefinalstrawforgrowthassetswasuncertaintycreatedbytheelectionoutcomeinGreece,andtoalesserextentinFrance,inMaythisyear.

Soinorderfrombesttoworst;tophonourswenttoAustralianlistedpropertyat10.98percentfollowedbyinternationallistedpropertyat6.93percent.Internationalshares,inAustraliandollarterms,finisheddown2.16percentandAustralianshareswerethewoodenspoonerofthegrowthassetsectors,falling7.01percentandreversingsomeofthepreviousyear’s11.9percentgain.

11IOOF | YourChoice

Theyearthatwas:defensiveassetsOneofthebestperformingassetclassesfortheyearwasAustralianfixedinterest,whichbenefittedfromstrongcapitalgainsasyieldsfellovertheyear.Thefallinyieldswasquiteremarkable,withthreeandtenyeargovernmentbondyieldsfallingtohistoricallylowlevels.PartofthereasonforthefallwastheRBA’sinterestratecutsandpartwasAustralia’semergingstatusasasafehavendestinationduringtimesofglobalturmoil.

Thefinaloutcomeforinvestorsinthesectorwasagainof12.41percent.Withyieldsnowathistoricallylowlevels,itishighlyunlikelythatthesectorwillbeabletoreproducesuchgainsoverthenextfinancialyear.

Internationalfixedinterestalsoperformedwell,returning11.58percentovertheyear.

Forinvestorsinthecashsector,thebiggestdriverofreturnisthelevelof

theRBAcashratewhichwascutfourtimes.Fortheyearasawhole,thesectorreturned4.7percentbutinvestorsshouldexpectlowerreturnsintheyearaheadgiventhatthecashrateatthestartofthenewfinancialyearwasonly3.50percent.

OnethinginvestorsshouldbearinmindisthatwhileriskaversioncausedbytheEuropeansovereigndebtcrisishasunderpinnedayearofstrongreturnsinfixedinterest,fallsintheAustraliansharemarkethaveimproveditsrelativeattractiveness.ThegrossdividendyieldonofferontheS&P/ASX300AccumulationIndexwas4.9percentinearlyJuly(higherdependingonthevalueoffrankingcreditstotheinvestor)againstacashrateof3.5percentand10yeargovernmentbondyieldofaround3percent.It’snotoftenthatdividendyieldsexceedthecash,longbondandoneyeartermdepositrates–it’sindicativeoftheamountofbadnewsalreadypricedintoassetmarkets.

Marketindicesforthefinancialyearto30June2012Thetablebelowoutlinesthegrowthinvariousmarketindicesoverthelastfinancialyear.

Australianshares(S&P/ASX300AccumulationIndex) -7.01%

Internationalshares(MSCIAllCountriesWorldex-AustraliaIndex($A)) -2.16%

Australianfixedinterest(UBSACompositeBondIndex) 12.41%

Internationalfixedinterest(BarclaysCapitalGlobalAggregateBondIndex($AHedged))

11.58%

Australianproperty(S&P/ASX300PropertyAccumulationIndex) 10.98%

Internationalproperty(UBSGlobalRealEstateInvestorsex-AustraliaIndex($A)HedgedNetTR)

6.93%

Cash(UBSABankBillIndex) 4.70%

12

Somanychoices…

ManyAustralianshavetheirsuperinvestedinthe‘default’option.Thisistheautomaticinvestmentoptionifyouhaven’tselectedaninvestmentstrategy.Whilstthisistheeasiestoption,itmightnotbethebestchoiceforyourcircumstancesanditcouldmakeasignificantdifferencetotheamountofmoneyyouhaveinretirement.

ChoosingastrategythatworksforyouTherightinvestmentstrategyforyoureallydependsonhowmuchriskyou’rewillingtoacceptandhowlongyou’replanningtoinvestfor.Ahigherriskstrategygenerallymeanslargerfluctuationsinvalueintheshorttermbutgreaterpotentialforhigherreturnsoverthelongterm.

Soifyou’reyoung,you’relikelytohavemoretimetorideoutanymarketfluctuationsandcouldchoosetotakeonmoreriskinthesearchforgreaterreturnsoverthelongerterm.However,ifyou’renearingretirement,youmayoptformoresecuritywithyourinvestmentsinordertohavegreatercertaintyofhowmuchyou’llhavewhenyoufinallyretire.

DiversificationChoosingyourowninvestmentstrategydoesn’tmeanyouhavetoputallyoureggsinonebasket.Withmanyinvestmentoptionsavailable,youcandiversifyyourinvestmentsacrossdifferentassetstobalanceyourreturns.

Notonlycanyoudiversifybychoosingtoinvestacrossdifferentassetclasseslikefixedinterestsecuritiesandpropertybutyoucanalsoinvestindifferentsectorswithinthesameassetclass,suchasresourceorindustrialshares.

Howdoyouwantyoursuperinvested?Ifyou’vesimplyanswered‘well’andhaveneverreallyconsideredyourinvestmentoptions,thenyou’renotalone.

13IOOF | YourChoice

Eachassetclasscarriesadifferentlevelofriskandreturnandcanbeclassifiedaseitherdefensiveorgrowth.Themostcommonassetclassesarecash,fixedinterestsecurities,propertyandshares.

Asset class Investment timeframe

Risk

Def

ensi

ve

Cash–investinginshort-termmoneymarketsandsecurities(egtermdepositswithbanksorcreditunionsandcashmanagementtrusts).

Shortterm(lessthan12months)

‘Safe’butriskoflowreturnsinthelongtermafterfees,taxesandinflationaretakenout.

Fixed interest securities (bonds) –investmentsintheformofagreementstorepayfixedamountsofmoneyatpre-determineddatesinthefuture.Bondsareusedbygovernments,banksandcorporations.

Mediumterm(1to5years)

Lowtomediumriskoverthelongerterm.

Gro

wth

Property–residential,commercial,office,industrial,hoteland/orretail.

Longterm(5+years)

Mediumtohighriskbuthigherlevelofpotentialgrowthandlessvolatilitythanshares.

Shares–representunitsofownershipinanAustralianorinternationalcompany.

Longterm(5+years)

Highriskwithshort-termvolatilitybasedonstockmarketfluctuationsandcompanyperformancebutpotentiallygreaterreturns.

Multi-managersmakeiteasyIfyoudon’thavethetime,interestorexpertisetobuildandmonitoryourowninvestmentportfolio,investinginamulti-managerfund,suchastheIOOFMultiMixTrustsmaybeagoodoptionforyou.Inamulti-managerfundyourmoneyisinvestedthroughablendofspecialistinvestmentmanagerscarefullyselectedandexpertlymanagedbyIOOF’steamofinvestmentprofessionals.

Sowhenyouchooseamulti-managerfund,yourportfolioismanagedforyou.Inadditiontohavingaprofessionalinvestment

teamlookingafteryourmoney,youcanalsohaveyourfundsspreadacrossmultipleassetclasses(ifyouchooseadiversifiedoption)andaccessavarietyofinvestmentmanagementstyleswithineachportfoliotoincreasediversificationbenefits.

You’llfindaselectionofmulti-managerfundsavailabletoyouwithinyoursuperfund.Thesearepre-mixedorready-madeinvestmentportfoliosthataredesignedtosuitinvestorswithdifferentriskprofiles,fromconservative,tobalanced,togrowth.It’saneasywaytoaccessawell-diversifiedportfoliowhichwillberegularlymanagedforyou.

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GettherightadviceYourinvestmentneedsmaychangeasyourpersonalcircumstanceschangesoit’sbesttoreviewyourinvestmentstrategyregularly.Speaktoyourfinancialadvisertodaytoexplorethebestwayforyoutoinvestyoursuper.Ifyoudon’thaveafinancialadviser,wecanputyouincontactwithoneinyourarea.Callourclientservicesteamon1800 062 963oremailclientservices@ioof.com.auforareferral.

Contactusweb www.ioof.com.au

phone 1800062963

fax 1800558539

email clientservices@ioof.com.au

post ClientServicesIOOFPortfolioServiceSuperannuationFundGPOBox264MelbourneVIC3001

Issued by IOOF Investment Management Limited (IIML), ABN 53 006 695 021, AFS Licence 230524, asTrustee of theIOOFPortfolioServiceSuperannuationFund,ABN70815369818.ClientServices1800062963.Websitewww.ioof.com.au

This newsletter contains factual information and general advice only and does not take into account your financialcircumstances,needsandobjectives.IIMLisnotaregisteredtaxagent.Beforemakinganydecisionbasedonthisdocument,youshouldassessyourowncircumstancesorseekadvicefromafinancialadviserand/oraregisteredtaxagent.YoushouldobtainandconsideracopyoftherelevantProductDisclosureStatementavailablefromusoryourfinancialadviser,beforeyouacquireafinancialproduct.

IIMLisacompanywithintheIOOFgroupofcompanies,consistingofIOOFHoldingsLimitedABN49100103722anditsrelatedbodiescorporate.