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For the year ending 30 June 2014Part 2
Colonial Mutual Superannuation Pty Ltd ABN 56 006 831 983 AFSL 235025 (the Trustee) and The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA) are both wholly owned non-guaranteed subsidiaries of Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. This Investment performance and other important information relates to:• the superannuation products as identified and issued by the Trustee that form part of Colonial Super Retirement Fund ABN 40 328 908 469 (CSRF, the Fund); and• other superannuation and ordinary life products issued by CMLA.Taxation considerations are general and based on present taxation laws and may be subject to change. You should seek independent, professional tax advice before making any decision based on this information.CMLA is also not a registered tax (financial) adviser under the Tax Agent Services Act 2009 and you should seek tax advice from a registered tax agent or a registered tax (financial) adviser if you intend to rely on this information to satisfy the liabilities or obligations or claim entitlements that arise, or could arise, under a taxation law.
Whole of Life EndowmentPure EndowmentPruPac
Investment performance and other important information
Your Annual Statement comprises:
• Part 1 – Your Annual Statement for the period 1 July 2013 to 30 June 2014
• Part 2 – Investment performance and other important information (this document).
If you have not received both parts, please call 13 1056 between 8.30 am and 6 pm (Sydney time), Monday to Friday.
For members of Colonial Super Retirement Fund, this document also forms Part 2 of your Report to Members and should be read in conjunction with that document, which is available online after 30 September 2014 at:
commbank.com.au/superforms.
To view, select your ‘annual report’.
Investment market commentaryInvestment market commentary is now available online at:
commbank.com.au/personal/financial-planning/investment-products/unit-prices-and-performance/default.aspx
This commentary is updated on a quarterly basis.
Change to the National Privacy Principles
On 12 March 2014, the Australian Privacy Principles (‘APP’) came into effect, replacing the National Privacy Principles and the Information Privacy Principles. These changes require us to be more transparent about how we collect, maintain and use the information we have about our customers. It also requires us to take more care when determining who we share our information with and how it is shared.
Following the introduction of the APP, the Commonwealth Bank Group has introduced a new Privacy Policy outlining how we comply with them. The Privacy Policy can be viewed at http://www.commbank.com.au/privacy.
Performance explainedReversionary and terminal bonuses
Annual bonuses are additional to the sum insured and are payable under the same conditions as the sum insured. Reversionary bonuses are guaranteed once declared and added to the policy. Terminal bonuses are not guaranteed and they can be increased, decreased, or removed depending on investment performance.
The face value of bonuses is paid on death or maturity. Bonuses are worth less than their face value if cashed in early.
A smoothing methodology is used when calculating bonuses each year. The rationale for this is to produce declared bonus rates that are less volatile than the underlying investments. To achieve this, when the returns from the underlying investments are high, some of these returns will be retained and not included in the bonus declaration for that year, in order to provide a buffer if investment returns deteriorate. In times of low investment returns, these buffer amounts can then be drawn on to declare a higher bonus amount than would have been possible if based solely on the returns of the underlying investments.
Based on the smoothing methodology, there were moderate increases in both declared reversionary bonus rates and terminal bonus rates for 2013 compared with 2012 for most bonus series.
Heading
2
Investment performance and other important information
Legislative ChangesProposed legislative changesThe federal government has recently announced a number of changes. Please note they have yet to be legislated and may change prior to becoming law.
Excess non-concessional contributions The Government has proposed that individuals will have the option to withdraw contributions made from 1 July 2013 that exceed their non-concessional contributions cap including associated earnings.
If withdrawn, no excess contributions tax will be payable and any associated earnings will be taxed at the individual’s marginal tax rate.
Any excess non concessional contributions left in the Fund will be taxed at the top marginal tax rate on the amount of the excess.
Change to the schedule for increasing the superannuation guarantee (SG) rate to 12%The SG rate will increase from 9.25% to 9.5% from 1 July 2014. The rate will remain at 9.5% until 30 June 2018, and subsequently increase by 0.5% every year until it reaches 12%, as the table indicates:
Financial year SG rate (%)
2014/15 9.5
2015/16 9.5
2016/17 9.5
2017/18 9.5
2018/19 10.0
2019/20 10.5
2020/21 11.0
2021/22 11.5
2022/23 12.0
Where your employer is already making contributions above the current SG minimum you will need to check what changes, if any, the employer may introduce as a consequence of the changes described.
2013 bonus rate1 (per $1000) 2012 bonus rate1 (per $1000) 2011 bonus rate1 (per $1000) 2010 bonus rate1 (per $1000) 2009 bonus rate1 (per $1000) Asset allocation % as at 30 June 20142
PruPac3 Contract/component code Statutory fund Sum
assured ($)Reversionary
bonus ($)Sum
assured ($)Reversionary
bonus ($)Sum
assured ($)Reversionary
bonus ($)Sum
assured ($)Reversionary
bonus ($)Sum
assured ($)Reversionary
bonus ($)Australian
sharesInternational
sharesListed
property° Alternatives** Fixed interest*** Cash
Ordinary#
Series 1 C25A 5 PI 5.5 5.5 0.0 0.0 0.0 0.0 0.5 0.5 0.5 0.5 6.4 4.4 0.0 9.5 70.5 9.2Series 2 C25B 5 PI 7.0 7.0 0.0 0.0 0.0 0.0 2.0 2.0 2.0 2.0 6.4 4.4 0.0 9.5 70.5 9.2Series 3 C25C 5 PI 8.5 8.5 0.0 0.0 0.0 0.0 3.5 3.5 3.5 3.5 6.4 4.4 0.0 9.5 70.5 9.2Series 4 C25D 5 PI 10.5 10.5 0.0 0.0 0.0 0.0 5.5 5.5 5.5 5.5 6.4 4.4 0.0 9.5 70.5 9.2Series 5 C25E 5 PI 14.5 14.5 0.0 0.0 0.0 0.0 9.5 9.5 9.5 9.5 6.4 4.4 0.0 9.5 70.5 9.2Series 6 C25F 5 PI 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6.4 4.4 0.0 9.5 70.5 9.2Superannuation##
Series 1 G25A 1 PI 9.0 9.0 0.0 0.0 0.0 0.0 3.0 3.0 0.50 0.50 6.4 4.4 0.0 9.4 70.4 9.4Series 2 G25B 1 PI 11.0 11.0 1.0 1.0 0.0 0.0 5.0 5.0 2.50 2.50 6.4 4.4 0.0 9.4 70.4 9.4Series 3 G25C 1 PI 11.5 11.5 1.5 1.5 0.0 0.0 5.5 5.5 3.00 3.00 6.4 4.4 0.0 9.4 70.4 9.4Series 4 G25D 1 PI 12.0 12.0 2.0 2.0 0.0 0.0 6.0 6.0 3.50 3.50 6.4 4.4 0.0 9.4 70.4 9.4Series 5 G25E 1 PI 13.0 13.0 3.0 3.0 0.0 0.0 7.0 7.0 4.50 4.50 6.4 4.4 0.0 9.4 70.4 9.4Series 6 G25F 1 PI 14.0 14.0 4.0 4.0 0.0 0.0 8.0 8.0 5.50 5.50 6.4 4.4 0.0 9.4 70.4 9.4Series 7 G25G 1 PI 16.0 16.0 6.0 6.0 0.0 0.0 10.0 10.0 7.50 7.50 6.4 4.4 0.0 9.4 70.4 9.4Series 8 G25H 1 PI 28.0 28.0 18.0 18.0 0.0 0.0 22.0 22.0 19.50 19.50 6.4 4.4 0.0 9.4 70.4 9.4Series 9 G25I 1 PI 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6.4 4.4 0.0 9.4 70.4 9.4
Advance Contribution Account (ACA)Yearly returns as at 30 June (%)
5 year compound return (% p.a.)4
10 year compound
return (% p.a.)4
Investment management fee (% p.a.)
Asset allocation % as at 30 June 20142
2014 2013 2012 2011 2010 Australian shares
International shares
Listed property° Alternatives** Fixed
interest*** Cash
Ordinary5 5NPI 2.01 1.57 2.45 2.96 2.98 2.39 N/A 0.5% 5.7 3.3 0.0 6.6 40.2 44.2Superannuation 1NPI 2.67 2.11 3.23 3.84 3.86 3.14 3.69 0.5% 5.8 3.3 0.0 6.7 40.2 44.0
Resetting the asset test deeming rate thresholdsFrom 20 September 2017, the Government will reset the deeming thresholds used in the pension assets test to $30,000 for singles and $50,000 for couples.
Current Proposed
Single $46,600 $30,000
Couples $77,400 $50,000
This measure effectively increases the amount of assessable income from deemed financial investments.
The proposal will impact the social security entitlements of income test affected pensioners and allowees.
Age Pension indexationFrom September 2017, indexation increases in the Age Pension will be linked to the Consumer Price Index (CPI), rather than the higher of the increase in CPI, Male Total Average Weekly Earnings or the Pension and Beneficiary Living Cost Index.
3
Increase the Age Pension qualifying age to 70From 1 July 2025, the Age Pension qualifying age will continue to rise by six months every two years, from the qualifying age of 67 years that will apply by that time, to gradually reach a qualifying age of 70 years by 1 July 2035. The table above sets the Age Pension eligibility age by date of birth.
Legislated changesThese changes are legislated and, depending on your individual circumstances, may have an impact on you.
Change of name for Department of ImmigrationThe Department of Immigration and Citizenship (DIAC) is now known as the Department of Immigration and Border Protection (DIBP). Temporary visa holders exiting Australia will need to request that DIBP stamp their passport at the time they depart Australia. If you are a temporary resident, who plans to leave Australia, whose superannuation account balance is less than $5,000 and claim your super benefit as a ‘Departing Australian Superannuation Payment’, please ensure you request that your passport be stamped.
2013 bonus rate1 (per $1000) 2012 bonus rate1 (per $1000) 2011 bonus rate1 (per $1000) 2010 bonus rate1 (per $1000) 2009 bonus rate1 (per $1000) Asset allocation % as at 30 June 20142
PruPac3 Contract/component code Statutory fund Sum
assured ($)Reversionary
bonus ($)Sum
assured ($)Reversionary
bonus ($)Sum
assured ($)Reversionary
bonus ($)Sum
assured ($)Reversionary
bonus ($)Sum
assured ($)Reversionary
bonus ($)Australian
sharesInternational
sharesListed
property° Alternatives** Fixed interest*** Cash
Ordinary#
Series 1 C25A 5 PI 5.5 5.5 0.0 0.0 0.0 0.0 0.5 0.5 0.5 0.5 6.4 4.4 0.0 9.5 70.5 9.2Series 2 C25B 5 PI 7.0 7.0 0.0 0.0 0.0 0.0 2.0 2.0 2.0 2.0 6.4 4.4 0.0 9.5 70.5 9.2Series 3 C25C 5 PI 8.5 8.5 0.0 0.0 0.0 0.0 3.5 3.5 3.5 3.5 6.4 4.4 0.0 9.5 70.5 9.2Series 4 C25D 5 PI 10.5 10.5 0.0 0.0 0.0 0.0 5.5 5.5 5.5 5.5 6.4 4.4 0.0 9.5 70.5 9.2Series 5 C25E 5 PI 14.5 14.5 0.0 0.0 0.0 0.0 9.5 9.5 9.5 9.5 6.4 4.4 0.0 9.5 70.5 9.2Series 6 C25F 5 PI 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6.4 4.4 0.0 9.5 70.5 9.2Superannuation##
Series 1 G25A 1 PI 9.0 9.0 0.0 0.0 0.0 0.0 3.0 3.0 0.50 0.50 6.4 4.4 0.0 9.4 70.4 9.4Series 2 G25B 1 PI 11.0 11.0 1.0 1.0 0.0 0.0 5.0 5.0 2.50 2.50 6.4 4.4 0.0 9.4 70.4 9.4Series 3 G25C 1 PI 11.5 11.5 1.5 1.5 0.0 0.0 5.5 5.5 3.00 3.00 6.4 4.4 0.0 9.4 70.4 9.4Series 4 G25D 1 PI 12.0 12.0 2.0 2.0 0.0 0.0 6.0 6.0 3.50 3.50 6.4 4.4 0.0 9.4 70.4 9.4Series 5 G25E 1 PI 13.0 13.0 3.0 3.0 0.0 0.0 7.0 7.0 4.50 4.50 6.4 4.4 0.0 9.4 70.4 9.4Series 6 G25F 1 PI 14.0 14.0 4.0 4.0 0.0 0.0 8.0 8.0 5.50 5.50 6.4 4.4 0.0 9.4 70.4 9.4Series 7 G25G 1 PI 16.0 16.0 6.0 6.0 0.0 0.0 10.0 10.0 7.50 7.50 6.4 4.4 0.0 9.4 70.4 9.4Series 8 G25H 1 PI 28.0 28.0 18.0 18.0 0.0 0.0 22.0 22.0 19.50 19.50 6.4 4.4 0.0 9.4 70.4 9.4Series 9 G25I 1 PI 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6.4 4.4 0.0 9.4 70.4 9.4
Advance Contribution Account (ACA)Yearly returns as at 30 June (%)
5 year compound return (% p.a.)4
10 year compound
return (% p.a.)4
Investment management fee (% p.a.)
Asset allocation % as at 30 June 20142
2014 2013 2012 2011 2010 Australian shares
International shares
Listed property° Alternatives** Fixed
interest*** Cash
Ordinary5 5NPI 2.01 1.57 2.45 2.96 2.98 2.39 N/A 0.5% 5.7 3.3 0.0 6.6 40.2 44.2Superannuation 1NPI 2.67 2.11 3.23 3.84 3.86 3.14 3.69 0.5% 5.8 3.3 0.0 6.7 40.2 44.0
Date of birth Qualifying age at Commencing from
1 July 1952 to 31 December 1953 65.5 1 July 2017
1 January 1954 to 30 June 1955 66 1 July 2019
1 July 1955 to 31 December 1956 66.5 1 July 2021
1 January 1957 to 30 June 1958 67 1 July 2023
1 July 1958 to 31 December 1959 67.5 1 July 2025
1 January 1960 to 30 June 1961 68 1 July 2027
1 July 1961 to 31 December 1962 68.5 1 July 2029
1 January 1963 to 30 June 1964 69 1 July 2031
1 July 1964 to 31 December 1965 69.5 1 July 2033
1 January 1966 onwards 70 1 July 2035
Medicare Levy increaseFrom 1 July 2014, the Government will increase the Medicare Levy from 1.5% to 2% of taxable income to provide funding for DisabilityCare Australia, the national disability insurance scheme.
The current exemptions from the Medicare Levy will remain in place.
Other important informationReduction in company tax rate
The company tax rate is proposed to be reduced by 1.5% to 28.5% from 1 July 2015.
For companies earning more than $5,000,000 in taxable income, this proposed reduction may be offset by the 1.5% levy to fund the paid parental leave scheme which is also proposed to commence from 1 July 2015.
Enquiries 13 1056 8.30 am to 6 pm (Sydney time), Monday to Friday
Email [email protected]
Postal address The Colonial Mutual Life Assurance Society Limited PO Box 320 Silverwater NSW 2128
1. Profits are distributed to policyholders through the declaration of bonus rates. No fees are allowed for in the determination of bonus rates.
2. The asset allocations and the assets in the product can vary at the investment managers’ discretion. The investment managers aim to maintain the investments within the minimum and maximum ranges published. However, there may be times when asset allocation falls outside these ranges.
3. PruPac was reconfigured to operate like a pure endowment policy during 2009. Bonus rates for prior years are not available for pure endowment PruPac policies.
4. The ‘5 year and 10 year compound (% p.a.)’ return are compound average effective returns.
5. Advance Contribution Account (ACA), effective 1 December 2007 for ordinary products.
# Superannuation and ordinary life products issued by CMLA.
## Superannuation products issued by the Trustee, for CSRF. The Trustee does not guarantee the accuracy or correctness of information relating to products not issued by it.
° Investments may include Australian and international listed property trusts (hedged).
** Alternatives include private equity, infrastructure and direct property.
*** Includes Australian and International Bonds (hedged).
Notes
Trustee’s investment objectives and strategiesFor members of Colonial Super Retirement Fund##
The investment strategy for all product groups in the CSRF was changed from “Invest in Policies issued by CMLA as required by the governing rules of the Fund” to “Invest in appropriate Life Insurance Policies to achieve the investment objective of the Fund’s products” effective 25th September, 2013. This change was as a result of regulatory reform.
The investment objective for the Traditional participating business of CSRF was changed from “To meet the obligations of the Policies, which are broadly stated to achieve long term growth with after tax returns exceeding inflation supported by a guarantee from CMLA as to a minimum surrender, death or maturity value.” to “To meet the obligations of the Policies, which are broadly stated to achieve long term stable returns supported by a guarantee from CMLA as to a minimum surrender, death or maturity value.” effective 25th September, 2013.
Product group within the Fund Investment objectives Investment strategies
Investment account participating business To meet the obligations of the Policies, which are broadly to provide an interest bearing capital guaranteed benefit on surrender, death or maturity.
Invest in appropriate Life Insurance Policies to achieve the investment objective of the Fund’s products.
Investment account non-participating business To meet the obligations of the Policies, which are broadly to provide an interest bearing capital guaranteed benefit on surrender, death or maturity.
Invest in appropriate Life Insurance Policies to achieve the investment objective of the Fund’s products.
Traditional participating business To meet the obligations of the Policies, which are broadly stated to achieve long term stable returns supported by a guarantee from CMLA as to a minimum surrender, death or maturity value.
Invest in appropriate Life Insurance Policies to achieve the investment objective of the Fund’s products.
Traditional non-participating business To meet the obligations of the Policies, which are broadly to provide a capital benefit on surrender, death or maturity with a minimum benefit guaranteed by CMLA.
Invest in appropriate Life Insurance Policies to achieve the investment objective of the Fund’s products.
CLN
1897
010
914
2013 bonus rate1 (per $1000) 2012 bonus rate1 (per $1000) 2011 bonus rate1 (per $1000) 2010 bonus rate1 (per $1000) 2009 bonus rate1 (per $1000) Asset allocation % as at 30 June 20142
Contract/component code Statutory fund Sum assured ($)
Reversionary bonus ($)
Sum assured ($)
Reversionary bonus ($)
Sum assured ($)
Reversionary bonus ($)
Sum assured ($)
Reversionary bonus ($)
Sum assured ($)
Reversionary bonus ($) Australian shares International
shares Listed propertyº Alternatives** Fixed interest*** Cash
Products originally issued by the Legal & General insurance company
Whole of Life and Endowment policies
Reversionary Bonus
Ordinary#
Premium Paying - Reversionary I02, I04, I06, I07, I08, I09 5 PT 2.0 2.0 1.0 1.0 1.0 1.0 1.5 1.5 1.5 1.5 18.8 14.4 0.0 21.6 40.5 4.7
Paid Up - Reversionary I02, I04, I06, I07, I08, I09 5 PT 2.0 2.0 1.0 1.0 1.0 1.0 1.5 1.5 1.5 1.5 18.8 14.4 0.0 21.6 40.5 4.7
Superannuation##
Premium Paying - Reversionary N02, N04, N06, N08 1 PT 1.5 1.5 1.0 1.0 1.5 1.5 3.0 3.0 4.0 4.0 13.0 10.1 0.0 22.3 51.1 3.5
Paid Up - Reversionary N02, N04, N06, N08 1 PT 1.5 1.5 1.0 1.0 1.5 1.5 2.5 2.5 3.0 3.0 13.0 10.1 0.0 22.3 51.1 3.5
Terminal Bonus
Ordinary#
Premium Paying - Terminal I02, I04, I06, I07, I08, I09 5 PT 170.0-220.0 170.0-220.0 120.0-220.0 120.0-220.0 130.0-230.0 130.0-230.0 170.0-290.0 170.0-290.0 170.0-250.0 170.0-250.0 18.8 14.4 0.0 21.6 40.5 4.7
Paid Up - Terminal I02, I04, I06, I07, I08, I09 5 PT 170.0-220.0 170.0-220.0 120.0-220.0 120.0-220.0 130.0-230.0 130.0-230.0 170.0-290.0 170.0-290.0 170.0-250.0 170.0-250.0 18.8 14.4 0.0 21.6 40.5 4.7
Superannuation##
Premium Paying - Terminal N02, N04, N06, N08 1 PT 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13.0 10.1 0.0 22.3 51.1 3.5
Paid Up - Terminal N02, N04, N06, N08 1 PT 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13.0 10.1 0.0 22.3 51.1 3.5
Products originally issued by The Colonial Mutual Life Assurance Society Limited and Scottish Amicable insurance companies
Whole of Life, Endowment and Pure Endowment policies
Reversionary Bonus
Ordinary#
Whole of Life - Large C01H, C01I, C01U 5 PT 15.0 15.0 12.5 12.5 13.0 13.0 15.0 15.0 15.0 15.0 18.8 14.4 0.0 21.6 40.5 4.7
Whole of Life - Small C01P, C01Q, C01T 5 PT 9.5 9.5 8.0 8.0 8.5 8.5 10.0 10.0 10.0 10.0 18.8 14.4 0.0 21.6 40.5 4.7
Endowment - Large C02E, C02I 5 PT 16.0 16.0 14.5 14.5 14.5 14.5 18.0 18.0 18.0 18.0 18.8 14.4 0.0 21.6 40.5 4.7
Endowment - Small C02G, C02H, C02J 5 PT 10.0 10.0 9.0 9.0 9.0 9.0 11.5 11.5 11.5 11.5 18.8 14.4 0.0 21.6 40.5 4.7
Pure Endowment C03B 5 PT 9.0 9.0 8.0 8.0 8.0 8.0 9.0 9.0 9.0 9.0 18.8 14.4 0.0 21.6 40.5 4.7
Whole of Life 1996 Series C01G 5 PT 2.0 2.0 1.0 1.0 1.5 1.5 2.5 2.5 2.5 2.5 18.8 14.4 0.0 21.6 40.5 4.7
Whole of Life, Endowment and Pure Endowment 1960 C01A, C01B, C02A, C02B 5 PT 32.0 32.0 26.5 26.5 26.5 26.5 28.0 28.0 26.5 26.5 18.8 14.4 0.0 21.6 40.5 4.7
Whole of Life, Endowment and Pure Endowment 1974 C01D, C01E, C02C, C02D 5 PT 22.5 22.5 18.0 18.0 18.0 18.0 20.0 20.0 18.0 18.0 18.8 14.4 0.0 21.6 40.5 4.7
Superannuation##
Whole of Life - Large G01I 1 PT 17.5 17.5 14.5 14.5 15.0 15.0 19.0 19.0 20.0 20.0 13.0 10.1 0.0 22.3 51.1 3.5
Whole of Life - Small G01Q 1 PT 11.5 11.5 9.5 9.5 10.0 10.0 12.5 12.5 13.0 13.0 13.0 10.1 0.0 22.3 51.1 3.5
Pure Endowment G03B 1 PT 3.0 3.0 1.0 1.0 1.0 1.0 1.5 1.5 1.5 1.5 13.0 10.1 0.0 22.3 51.1 3.5
Endowment - Large G02E, G02I 1 PT 3.0 3.0 1.0 1.0 1.0 1.0 2.0 2.0 2.0 2.0 13.0 10.1 0.0 22.3 51.1 3.5
Endowment - Small G02G, G02J 1 PT 3.0 3.0 1.0 1.0 1.0 1.0 1.5 1.5 1.5 1.5 13.0 10.1 0.0 22.3 51.1 3.5
Whole of Life 1996 Series G01G 1 PT 5.0 5.0 4.0 4.0 4.0 4.0 5.0 5.0 5.0 5.0 13.0 10.1 0.0 22.3 51.1 3.5
Whole of Life, Endowment and Pure Endowment 1960 G01B, G02A 1 PT 11.5 11.5 9.0 9.0 9.0 9.0 9.0 9.0 9.5 9.5 13.0 10.1 0.0 22.3 51.1 3.5
Whole of Life, Endowment and Pure Endowment 1974 G01E, G02C, G03A 1 PT 16.0 16.0 13.5 13.5 13.5 13.5 15.0 15.0 15.0 15.0 13.0 10.1 0.0 22.3 51.1 3.5
Terminal Bonus
Ordinary#
Whole of Life - Large C01H, C01I, C01U 5 PT 20.0-350.0 20.0-350.0 20.0-300.0 20.0-300.0 20.0-300.0 20.0-300.0 20.0-340.0 20.0-340.0 10.0-320.0 10.0-320.0 18.8 14.4 0.0 21.6 40.5 4.7
Whole of Life - Small C01P, C01Q, C01T 5 PT 20.0-350.0 20.0-350.0 20.0-300.0 20.0-300.0 20.0-300.0 20.0-300.0 20.0-340.0 20.0-340.0 10.0-320.0 10.0-320.0 18.8 14.4 0.0 21.6 40.5 4.7
Endowment - Large C02E, C02I 5 PT 40.0-450.0 40.0-450.0 40.0-430.0 40.0-430.0 40.0-430.0 40.0-430.0 50.0-460.0 50.0-460.0 50.0-460.0 50.0-460.0 18.8 14.4 0.0 21.6 40.5 4.7
Endowment - Small C02G, C02H, C02J 5 PT 40.0-450.0 40.0-450.0 40.0-430.0 40.0-430.0 40.0-430.0 40.0-430.0 50.0-460.0 50.0-460.0 50.0-460.0 50.0-460.0 18.8 14.4 0.0 21.6 40.5 4.7
Pure Endowment C03B 5 PT 140.0-480.0 140.0-480.0 130.0-440.0 130.0-440.0 130.0-440.0 130.0-440.0 140.0-480.0 140.0-480.0 130.0-460.0 130.0-460.0 18.8 14.4 0.0 21.6 40.5 4.7
Whole of Life1996 Series C01G 5 PT 50.0 50.0 20.0 20.0 30.0 30.0 50.0 50.0 50.0 50.0 18.8 14.4 0.0 21.6 40.5 4.7
Whole of Life, Endowment and Pure Endowment 1960 C01A, C01B, C02A, C02B 5 PT 90.0-460.0 90.0-460.0 0.0-430.0 0.0-430.0 0.0-430.0 0.0-430.0 0.0-460.0 0.0-460.0 0.0-420.0 0.0-420.0 18.8 14.4 0.0 21.6 40.5 4.7
Whole of Life, Endowment and Pure Endowment 1974 C01D, C01E, C02C, C02D 5 PT 150.0-820.0 150.0-820.0 130.0-760.0 130.0-760.0 130.0-760.0 130.0-760.0 160.0-790.0 160.0-790.0 110.0-740.0 110.0-740.0 18.8 14.4 0.0 21.6 40.5 4.7
Superannuation##
Whole of Life - Large G01I 1 PT 30.0-650.0 30.0-650.0 20.0-600.0 20.0-600.0 20.0-610.0 20.0-610.0 30.0-640.0 30.0-640.0 30.0-640.0 30.0-640.0 13.0 10.1 0.0 22.3 51.1 3.5
Whole of Life - Small G01Q 1 PT 30.0-650.0 30.0-650.0 20.0-600.0 20.0-600.0 20.0-610.0 20.0-610.0 30.0-640.0 30.0-640.0 30.0-640.0 30.0-640.0 13.0 10.1 0.0 22.3 51.1 3.5
Pure Endowment G03B 1 PT 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13.0 10.1 0.0 22.3 51.1 3.5
Endowment - Large G02E, G02I 1 PT 10.0-450.0 10.0-450.0 0.0-440.0 0.0-440.0 0.0-440.0 0.0-440.0 0.0-440.0 0.0-440.0 0.0-440.0 0.0-440.0 13.0 10.1 0.0 22.3 51.1 3.5
Endowment - Small G02G, G02J 1 PT 10.0-450.0 10.0-450.0 0.0-440.0 0.0-440.0 0.0-440.0 0.0-440.0 0.0-440.0 0.0-440.0 0.0-440.0 0.0-440.0 13.0 10.1 0.0 22.3 51.1 3.5
Whole of Life 1996 Series G01G 1 PT 240.0 240.0 210.0 210.0 230.0 230.0 290.0 290.0 300.0 300.0 13.0 10.1 0.0 22.3 51.1 3.5
Whole of Life, Endowment and Pure Endowment 1960 G01B, G02A 1 PT 60.0-530.0 60.0-530.0 0.0-440.0 0.0-440.0 0.0-440.0 0.0-440.0 0.0-440.0 0.0-440.0 0.0-460.0 0.0-460.0 13.0 10.1 0.0 22.3 51.1 3.5
Whole of Life, Endowment and Pure Endowment 1974 G01E, G02C, G03A 1 PT 50.0-1050.0 50.0-1050.0 20.0-950.0 20.0-950.0 20.0-950.0 20.0-950.0 20.0-980.0 20.0-980.0 20.0-980.0 20.0-980.0 13.0 10.1 0.0 22.3 51.1 3.5
Products originally issued by Aetna and Prudential Assurance companies
Whole of Life, Endowment and Pure Endowment policies
Reversionary Bonus
Ordinary#
Series 1 - Reversionary C11A, C11B, C12A 5 PT 45.0 45.0 43.0 43.0 43.0 43.0 45.5 45.5 45.5 45.5 18.8 14.4 0.0 21.6 40.5 4.7
Series 2 - Reversionary C11D, C11E, C12B, C12C, C13A 5 PT 17.5 17.5 15.0 15.0 16.0 16.0 19.0 19.0 19.0 19.0 18.8 14.4 0.0 21.6 40.5 4.7
Series 4 - Reversionary C11G, C12E, C13B 5 PT 17.5 17.5 15.0 15.0 16.0 16.0 18.0 18.0 18.0 18.0 18.8 14.4 0.0 21.6 40.5 4.7
Series 5 - Reversionary C11I, C12G 5 PT 16.0 16.0 13.5 13.5 15.0 15.0 19.0 19.0 19.0 19.0 18.8 14.4 0.0 21.6 40.5 4.7
Series 6 - Reversionary C11F 5 PT 16.0 16.0 13.5 13.5 15.0 15.0 18.5 18.5 18.5 18.5 18.8 14.4 0.0 21.6 40.5 4.7
Series A, B, C, D, E, F, G, I, J, K, L, M, N, P, Q, R, S, T, U, V, X & Z - Reversionary C11C, C11H, C11J, C11Q, C11R, C12I, C12J, C12K, C13D, C20A, C20B, C20C, C20D, C20E, C20F, C20G, C20H 5 PT 14.5 14.5 12.5 12.5 13.0 13.0 16.5 16.5 16.5 16.5 18.8 14.4 0.0 21.6 40.5 4.7
Superannuation##
Series 1 - Reversionary G11B 1 PT 43.0 43.0 39.0 39.0 39.0 39.0 43.5 43.5 46.0 46.0 13.0 10.1 0.0 22.3 51.1 3.5
Series 2 - Reversionary G11E, G12C, G13A 1 PT 11.5 11.5 10.0 10.0 11.0 11.0 14.5 14.5 16.0 16.0 13.0 10.1 0.0 22.3 51.1 3.5
Series 3 - Reversionary G11K, G12L 1 PT 10.0 10.0 9.0 9.0 9.0 9.0 11.5 11.5 13.5 13.5 13.0 10.1 0.0 22.3 51.1 3.5
Series 4 - Reversionary G11G, G12E, G13B 1 PT 17.5 17.5 16.0 16.0 17.5 17.5 20.5 20.5 20.5 20.5 13.0 10.1 0.0 22.3 51.1 3.5
Series 5 - Reversionary G11I, G12G 1 PT 20.0 20.0 18.0 18.0 19.0 19.0 24.0 24.0 24.0 24.0 13.0 10.1 0.0 22.3 51.1 3.5
Series A, C, E, G, H, I, J, L, M, Q, R, U & Z - Reversionary G11Q, G11R, G12I, G12J, G12K, G13D, G13E, G20A, G20B, G20D, G20E, G20G, G20H 1 PT 10.5 10.5 8.0 8.0 8.0 8.0 11.5 11.5 14.5 14.5 13.0 10.1 0.0 22.3 51.1 3.5
Terminal Bonus
Ordinary#
Series 1 - Terminal C11A, C11B, C12A 5 PT 0.0-3930.0 N/A 0.0-3470.0 N/A 0.0-3380.0 N/A 0.0-3380.0 N/A 0.0-3230.0 N/A 18.8 14.4 0.0 21.6 40.5 4.7
Series 2 - Terminal C11D, C11E, C12B, C12C, C13A 5 PT 280.0-5680.0 N/A 170.0-5080.0 N/A 170.0-5080.0 N/A 290.0-5450.0 N/A 230.0-5020.0 N/A 18.8 14.4 0.0 21.6 40.5 4.7
Series 4 - Terminal C11G, C12E, C13B 5 PT 210.0-670.0 N/A 190.0-570.0 N/A 190.0-570.0 N/A 190.0-620.0 N/A 170.0-570.0 N/A 18.8 14.4 0.0 21.6 40.5 4.7
Series 5 - Terminal C11I, C12G 5 PT 380.0-560.0 N/A 320.0-480.0 N/A 340.0-510.0 N/A 350.0-540.0 N/A 280.0-450.0 N/A 18.8 14.4 0.0 21.6 40.5 4.7
Series 6 - Terminal C11F 5 PT 410.0-770.0 N/A 350.0-670.0 N/A 370.0-710.0 N/A 420.0-780.0 N/A 360.0-650.0 N/A 18.8 14.4 0.0 21.6 40.5 4.7
Series A, B, C, D, E, F, G, I, J, K, L, M, N, P, Q, R, S, T, U, V, X & Z - Terminal C11C, C11H, C11J, C11Q, C11R, C12I, C12J, C12K, C13D, C20A, C20B, C20C, C20D, C20E, C20F, C20G, C20H 5 PT 120.0-650.0 N/A 120.0-530.0 N/A 130.0-560.0 N/A 140.0-740.0 N/A 140.0-740.0 N/A 18.8 14.4 0.0 21.6 40.5 4.7
Superannuation##
Series 1 - Terminal G11B 1 PT 230.0-5530.0 N/A 210.0-5230.0 N/A 210.0-5230.0 N/A 210.0-5240.0 N/A 210.0-5240.0 N/A 13.0 10.1 0.0 22.3 51.1 3.5
Series 2 - Terminal G11E, G12C, G13A 1 PT 210.0-5020.0 N/A 170.0-4580.0 N/A 190.0-4780.0 N/A 210.0-5670.0 N/A 210.0-5670.0 N/A 13.0 10.1 0.0 22.3 51.1 3.5
Series 3 - Terminal G11K, G12L 1 PT 120.0-640.0 N/A 110.0-590.0 N/A 110.0-590.0 N/A 130.0-680.0 N/A 150.0-780.0 N/A 13.0 10.1 0.0 22.3 51.1 3.5
Series 4 - Terminal G11G, G12E, G13B 1 PT 150.0-520.0 N/A 70.0-430.0 N/A 70.0-450.0 N/A 80.0-520.0 N/A 80.0-520.0 N/A 13.0 10.1 0.0 22.3 51.1 3.5
Series 5 - Terminal G11I, G12G 1 PT 250.0-530.0 N/A 230.0-420.0 N/A 230.0-420.0 N/A 230.0-490.0 N/A 230.0-490.0 N/A 13.0 10.1 0.0 22.3 51.1 3.5
Series A, C, E, G, H, I, J, L, M, Q, R, U & Z - Terminal G11Q, G11R, G12I, G12J, G12K, G13D, G13E, G20A, G20B, G20D, G20E, G20G, G20H 1 PT 120.0-770.0 N/A 60.0-630.0 N/A 60.0-630.0 N/A 120.0-700.0 N/A 140.0-730.0 N/A 13.0 10.1 0.0 22.3 51.1 3.5
Investment performance and other important information
For the year ending 30 June 2014Part 2
Colonial Mutual Superannuation Pty Ltd ABN 56 006 831 983 AFSL 235025 (the Trustee, we) and The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA) are both wholly owned non-guaranteed subsidiaries of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. This Investment performance and other important information relates to:• the superannuation products as identified as issued by the Trustee that form part of the Colonial Super Retirement Fund ABN 40 328 908 469 (CSRF,
the Fund); and• other superannuation and ordinary life products issued by CMLA.
For products administered on Calibre
Your Annual Statement is provided in two parts:
• Part 1 – Annual Statement for the period 1 July 2013 to 30 June 2014.
• Part 2 – Investment performance and other important information (this document).
If you have not received both parts, please call 1800 631 600 or 13 17 78 between 8.30 am and 6 pm (Sydney time), Monday to Friday.
For members of the Colonial Super Retirement Fund, this document also forms Part 2 of your Report to Members and should be read in conjunction with that document, which is available online after 30 September 2014 at:
commbank.com.au/superforms
To view, select your ‘annual report’.
Investment market commentaryInvestment market commentary is now available online at:
commbank.com.au/personal/financialplanning/investment-products/unitprices-and- performance.htmlThis commentary is updated on a quarterly basis.
Performance explainedHow performance is calculatedReturns are net of investment management fees, taxes and charges (where applicable). Certain fees such as contribution, administration or withdrawal fees (if any) are not taken into account. Performance is calculated on the change in the withdrawal unit prices for the period ending 30 June 2014 corresponding to the investment timeframe indicated, or where applicable, the crediting rate for the relevant period. For the periods prior to the 2009/10 financial year, the withdrawal unit prices used were for 1 July rather than 30 June.
Your returnYour individual net return provided in your Annual Statement may differ from the returns quoted in this document. Your individual net return depends on the timing of any transactions such as contributions, withdrawals, switches or unit adjustments during the period covered by the Annual Statement 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 during the period, the rate of return on your investment will differ from the net return quoted in this document.
Past performance is not indicative of future performanceThere is no guarantee that one investment option will outperform another. The performance of the investment options is generally dependent on economic conditions, investment management and taxation laws. However, in some cases investment guarantees may apply to investment options.
Other important informationThis document has been prepared for general information only, not having regard to your investment objectives, financial situation or needs. Because of this, you should consider the appropriateness of the information having regard to your own circumstances. Before making a decision to act on any of this information, financial advice specific to you is recommended. You should seek advice from your taxation adviser in relation to taxation matters.
Taxation considerations are general and based on present taxation laws and may be subject to change. You should seek independent, professional tax advice before making any decision based on this information. CMLA is also not a registered tax (financial) adviser under the Tax Agent Services Act 2009 and you should seek tax advice from a registered tax agent or a registered tax (financial) adviser if you intend to rely on this information to satisfy the liabilities or obligations or claim entitlements that arise, or could arise, under a taxation law.
Heading
2
Legislative ChangesProposed legislative changesThe federal government has recently announced a number of changes. Please note they have yet to be legislated and may change prior to becoming law.
Excess non-concessional contributions The Government has proposed that individuals will have the option to withdraw contributions made from 1 July 2013 that exceed their non-concessional contributions cap including associated earnings.
If withdrawn, no excess contributions tax will be payable and any associated earnings will be taxed at the individual’s marginal tax rate.
Any excess non concessional contributions left in the Fund will be taxed at the top marginal tax rate on the amount of the excess.
Change to the schedule for increasing the superannuation guarantee (SG) rate to 12%The SG rate will increase from 9.25% to 9.5% from 1 July 2014. The rate will remain at 9.5% until 30 June 2018, and subsequently increase by 0.5% every year until it reaches 12%, as the table indicates:
Financial year SG rate (%)
2014/15 9.5
2015/16 9.5
2016/17 9.5
2017/18 9.5
2018/19 10.0
2019/20 10.5
2020/21 11.0
2021/22 11.5
2022/23 12.0
Where your employer is already making contributions above the current SG minimum you will need to check what changes, if any, the employer may introduce as a consequence of the changes described.
Investment performance and other important information
Resetting the asset test deeming rate thresholdsFrom 20 September 2017, the Government will reset the deeming thresholds used in the pension assets test to $30,000 for singles and $50,000 for couples.
Current Proposed
Single $46,600 $30,000
Couples $77,400 $50,000
This measure effectively increases the amount of assessable income from deemed financial investments.
The proposal will impact the social security entitlements of income test affected pensioners and allowees.
Increase the Age Pension qualifying age to 70From 1 July 2025, the Age Pension qualifying age will continue to rise by six months every two years, from the qualifying age of 67 years that will apply by that time, to gradually reach a qualifying age of 70 years by 1 July 2035. The table below sets the Age Pension eligibility age by date of birth.
Date of birth Qualifying age at Commencing from
1 July 1952 to 31 December 1953 65.5 1 July 2017
1 January 1954 to 30 June 1955 66 1 July 2019
1 July 1955 to 31 December 1956 66.5 1 July 2021
1 January 1957 to 30 June 1958 67 1 July 2023
1 July 1958 to 31 December 1959 67.5 1 July 2025
1 January 1960 to 30 June 1961 68 1 July 2027
1 July 1961 to 31 December 1962 68.5 1 July 2029
1 January 1963 to 30 June 1964 69 1 July 2031
1 July 1964 to 31 December 1965 69.5 1 July 2033
1 January 1966 onwards 70 1 July 2035
Age Pension indexationFrom September 2017, indexation increases in the Age Pension will be linked to the Consumer Price Index (CPI), rather than the higher of the increase in CPI, Male Total Average Weekly Earnings or the Pension and Beneficiary Living Cost Index.
Reduction in company tax rateThe company tax rate is proposed to be reduced by 1.5% to 28.5% from 1 July 2015.
For companies earning more than $5,000,000 in taxable income, this proposed reduction may be offset by the 1.5% levy to fund the paid parental leave scheme which is also proposed to commence from 1 July 2015.
Legislated changesThese changes are legislated and, depending on your individual circumstances, may have an impact on you.
Medicare Levy increaseFrom 1 July 2014, the Government will increase the Medicare Levy from 1.5% to 2% of taxable income to provide funding for DisabilityCare Australia, the national disability insurance scheme.
The current exemptions from the Medicare Levy will remain in place.
3
Change of name for Department of ImmigrationThe Department of Immigration and Citizenship (DIAC) is now known as the Department of Immigration and Border Protection (DIBP). Temporary visa holders exiting Australia will need to request that DIBP stamp their passport at the time they depart Australia. If you are a temporary resident, who plans to leave Australia, whose superannuation account balance is less than $5,000 and claim your super benefit as a ‘Departing Australian Superannuation Payment’, please ensure you request that your passport be stamped.
Temporary Budget Repair LevyFrom 1 July 2014, temporary budget repair levy will apply to clients with taxable income above $180,000 until 30 June 2017. This levy increases the top marginal income tax rate by 2% during this time. The levy is calculated as 2% of taxable income exceeding $180,000.
Certain types of income subject to an effective tax rate cap are provided tax offsets to ensure that the effective marginal rate applied does not exceed the specified cap rate. Examples of these may include:
• The taxable component of superannuation lump sums received within the low rate cap or untaxed plan cap.
• The taxable component of superannuation death benefits received by a beneficiary who is not a death benefits dependant.
• The taxable component of employment termination payments to which a concessional rate of tax applies (for example, amounts within both the ETP cap and whole of income cap).
For anti-avoidance purposes, other tax rates based upon the top marginal income tax rate have been increased during the period of this levy, or in the case of the FBT rate, from 1 April 2015 to 31 March 2017.
Departing Australia Superannuation Payment (DASP)From 1 July 2014, the DASP tax rate referable to the Taxable Component – Taxed Element will increase from 35% to 38%, and the Taxable Component – Untaxed Element from 45% to 47%.
Changes to deeming rules for new account-based pensionsFrom 1 January 2015, any new account-based pensions will be treated as “financial investments” and subject to “deeming” under the Centrelink/DVA income test, which is used to determine your pension/allowance payment.
What does this mean for you?• If you are already receiving the Age
Pension (or any other Centrelink/DVA Income Support Payment) as at 1 January 2015, your account based pension will continue to be assessed under the previous rules.
• If you commence a new account-based pension on or after 1 January 2015, then the entire balance of the new account-based pension will be subject to the new deeming rules rather than the previous rules.
• If you are not receiving a Centrelink/DVA income support payment (i.e. age pension) as at 1 January 2015, then your account-based pension will be subject to the new deeming rules should you then apply for a Centrelink/DVA income support payment from 1 January 2015.
Significant event notificationSuperannuation supervisory levy (Levy)The Government imposed Levy is used to recover operational costs of APRA and certain costs of some other Commonwealth departments and agencies.
Until 2017/2018 inclusive, there will be a temporary increase in the Levy to cover the costs associated with implementation of the Government’s SuperStream measures.
The amount of the Levy is determined by the Government each year. Payment of the Levy from the Fund’s assets will flow through as a reduction in your account balance at the time the Levy is applied and will be included as part of your Indirect Cost Ratio. This will mean a reduction in your rate of return.
Stronger Super cost recoveryA temporary fee increase is also being introduced for the Fund. It is designed to recover a portion of the extraordinary costs that have been incurred by the Fund’s administrator in complying with the Government’s mandatory Stronger
Super reforms. The major reforms enhance governance frameworks, improve administrative efficiencies and allow for transfer of default members into simple low cost default arrangements (MySuper products). The temporary fee increase will mean your Indirect Cost Ratio will increase by up to 0.10% per annum for at least the financial years ending 30 June 2015 to 2017, after which we would expect to remove the need for the fee increase.
Additional informationChange to the National Privacy PrinciplesOn 12 March 2014, the Australian Privacy Principles (‘APP’) came into effect, replacing the National Privacy Principles and the Information Privacy Principles. These changes require us to be more transparent about how we collect, maintain and use the information we have about our customers. It also requires us to take more care when determining who we share our information with and how it is shared.
Following the introduction of the APP, the Commonwealth Bank Group has introduced a new Privacy Policy outlining how we comply with them. The Privacy Policy can be viewed at http://www.commbank.com.au/privacy.
Changes relating to use of your Tax File Number (‘TFN’)The Government has made changes to the way in which your TFN is used.
These changes include:
• the ability of product providers of superannuation policies to validate your TFN by means of an electronic validation service provided by the ATO, for the purposes of ensuring your information we have kept on our records is accurate and up-to-date,
• the ability of the ATO to give your TFN to CMLA (as your product provider) if:
− you have not quoted your TFN to CMLA but you have provided your TFN to other providers previously, or the TFN you provide to CMLA as your provider does not match the records the ATO holds for you. Where this occurs, we are required to update the record we hold for you unless you have instructed us not to record your TFN.
4
Investment performance and other important information
• requirements for your TFN to be communicated to the other fund when you request a roll over, unless you have provided your written instruction to the contrary.
Insurance as you approach age 65 You can make contributions at any time before you turn 65, however, when you turn 65, superannuation legislation requires us to confirm with you that you have worked for at least 40 hours in a period of not more than 30 consecutive days in the financial year (‘the work test’*) before we can accept your contributions. If you are unable to meet the work test, and your insurance cover in super will extend past 65, you should make sure your Account balance is sufficient to cover your annual premiums in the future. If you have any questions, please contact us.
*For further details on ‘the work test’ and eligibility to contribute to superannuation, please refer to the ATO website.
Important information about your unit-linked investment CMLA has a unit pricing policy and procedures about how it manages the unit pricing of your investment. These unit pricing policies have been adopted with a view to your investment being appropriately valued in all circumstances and investors being treated consistently and equitably.
We set out below how CMLA might act under certain circumstances.
Suspension policyUnder extraordinary circumstances, such as during periods of market disruption or other significant events, CMLA may need to temporarily stop calculating unit prices or the processing of transactions.
The types of events that may result in the suspension of unit price calculations or processing of transactions include (but are not limited to):
• where there is a significant disruption to the data, systems or other applications necessary to establish a reliable estimate of the value of assets, liabilities or unit prices;
• where unforeseen events mean that the valuation of assets cannot in good faith be estimated to an acceptable level of accuracy; and
• where there is a significant market movement and/or cash flow.
The calculation of unit prices and transaction processing will resume when the risk to investor interests as a whole has abated or been mitigated to a level acceptable to CMLA based on the consideration of the interests of our investors.
During such events, information and updates will be available to you by calling us.
Backdating and other eventsBackdating occurs when a transaction needs to be processed with an old unit price rather than the current unit price. For example, to meet the obligations under a policy, a price at the date the instruction is received may be used rather than the date the instruction is processed.
CMLA will:
• backdate transactions where necessary to ensure that transacting investors receive the appropriate unit price required by the relevant policy obligations; and
• make appropriate adjustments to the unit price of affected investment options to mitigate the impacts of the backdating and ensure that investors are not unduly affected by backdated transactions.
CMLA might also need to make adjustments to unit prices to ensure they reflect the ’best estimate’ of the net value of the investment option and its units.
CMLA may adjust the calculation of its unit prices, rather than suspend unit pricing, in circumstances where:
• errors are known to have occurred in the calculation of a unit price before it is released, or there are reasonable grounds to suspect an error has occurred, and these could not have been corrected immediately or would have taken time to investigate further; or
• CMLA believes that the available asset valuations do not reflect the true or fair value of those assets or there are inconsistencies between the value of assets and liabilities.
Unit pricing adjustment and error compensationUnit prices are calculated on a daily basis by CMLA. The calculation process for these unit prices takes into account a number of inputs and assumptions. Sometimes, it is discovered that an error has been made in the calculation process, resulting in an incorrect unit price. In that case an adjustment in the unit price may be required. Also, if you have transacted at the incorrect unit price, the value of your policy could be incorrect.
CMLA has established a policy to deal with these events and return investors to a financial position that is materially the same as if the error had not occurred. If the error is material, you may be entitled to compensation. CMLA will generally use a variance of 0.30% (0.05% for cash based investment options) in the unit price in determining whether individual compensation is payable.
If a unit pricing error is greater than or equal to these variances, we may pay you compensation:
• by crediting your policy with the amount due; or
• where your policy is closed, if the amount of the adjustment is greater than a payment threshold of $20 (or less at CMLA discretion), by sending you a payment by cheque or electronic funds transfer.
Note: if you have not met a condition of release, compensation will be paid to a new account in SuperTrace or another superannuation or retirement savings account product.
The tolerance levels we use are in line with industry standards and regulatory practice guidelines. In some cases we may provide compensation where the unit pricing error is less than the tolerance levels.
Valuation of unlisted assetsThe Fund may have exposure to a variety of unlisted assets. CMLA will ensure the valuations of investment assets and associated liabilities are appropriate. This includes the valuation of real property and other investments (including infrastructure) which are not valued on a daily basis.
5
Property FundOn 8 April 2014, CMLA revised the investment strategy for the following Property Fund investment option:
Product and investment options
Investment option code
CPSL Wholesale Exempt Business
Property Fund EPAPRO
This investment option now invests in the CFS First Choice Wholesale Global Property Securities (‘WGPS’) option.
Investment objective of WGPSTo provide capital growth and income from a diversified portfolio of global listed property investments.
Investment strategy of WGPSTo invest in a diversified portfolio of property securities. The investments are managed by a number of leading global property securities managers, which is designed to deliver more consistent returns with less risk than would be achieved if investing with a single investment manager. The portfolio aims to hedge currency risk.
Return objective of WGPS (before fees and taxes)
Measurable investment objective
Time horizon (years)
To outperform the UBS Global Investors Index (Net dividends reinvested), hedged to Australian dollars over rolling three-year periods before fees and taxes.
7
Benchmark allocation of WGPS – target benchmark asset allocation and ranges:
Asset class Benchmark (%) Minimum allocation (%)
Maximum allocation (%)
Global Listed Property 100 95 100
Cash 0 0 5
Total allocation 100
Changes to investment optionsStrategic asset allocationsCMLA has an ongoing process in place to review and, where appropriate, adjust the strategic asset allocations and strategies of the investment option/s.
As part of this process, CMLA revised the benchmark asset allocation and ranges with the aim to maintain or improve risk adjusted returns to members.
The changes were effective from 8 April 2014.
Investment Option
Australian shares
Global shares Property Securities*
Alternatives** Fixed interest***
Cash Total
Capital Stable Benchmark 11.0% 9.0% 0.0% 10.0% 37.5% 32.5% 100.0%
Min 4.0% 3.0% 0.0% 0.0% 27.5% 20.0%
Max 20.0% 15.0% 10.0% 20.0% 50.0% 45.0%
Balanced Benchmark 18.0% 18.0% 0.0% 14.0% 25.0% 25.0% 100.0%
Min 5.0% 5.0% 0.0% 0.0% 12.0% 20.0%
Max 25.0% 25.0% 10.0% 22.0% 45.0% 35.0%
* Includes Australian and international listed property trusts (hedged). ** These are investments in non-traditional sectors, such as private equity and infrastructure investments. *** Includes Australian and international bonds (hedged).
6
Product name and investment option nameInvestment option code
(PAS)
Yearly returns as at 30 June (%) 5 year compound
average return to 30 June
2014 (% p.a.)
10 year compound
average return to 30 June
2014 (% p.a.)
Asset allocation (%) as at 30 June 20141 Investment management
fees (% p.a.)2
Investment option objective
2014 2013 2012 2011 2010Australian
sharesInternational
sharesListed
property° Alternatives°°Fixed
interest°°°Cash
Investment LifeBuilder, Wealth Portfolio, InvestorPlan# (LB, WP, INVESTNI)
Capital Stable Primary Fund (Wealth Portfolio) CAPN 1.47 1.32 -0.44 0.91 1.85 1.02 0.07 11.3 13.3 - 9.5 33.9 32.0 4.85 Capital stable
Capital Stable Growth Fund (Wealth Portfolio) CAPGN 4.63 4.45 2.64 4.03 5.03 4.14 3.16 11.3 13.3 - 9.5 33.9 32.0 1.85 Capital stable
Capital Stable Growth Plus Fund CAPGPN 5.15 4.91 3.13 4.54 5.51 4.63 3.64 11.3 13.3 - 9.5 33.9 32.0 1.40 Capital stable
Balanced Primary Fund (Wealth Portfolio) BALN 6.05 7.41 -2.31 2.76 3.14 3.32 1.30 28.4 34.0 - 13.8 13.1 10.7 4.85 Balanced
Balanced Growth Fund (Wealth Portfolio) BALGN 9.35 10.72 0.71 5.94 6.36 6.51 4.44 28.4 34.0 - 13.8 13.1 10.7 1.85 Balanced
Balanced Growth Plus Fund BALGPN 9.91 11.13 1.19 6.32 6.87 6.97 4.89 28.4 34.0 - 13.8 13.1 10.7 1.40 Balanced
Equity Profile Primary Fund (Wealth Portfolio) EQPN 7.03 9.59 -3.33 3.14 2.01 3.52 1.70 35.2 39.1 - 14.7 3.0 8.0 4.85 Growth
Equity Profile Growth Fund (Wealth Portfolio) EQPGN 10.36 12.97 -0.34 6.33 5.15 6.73 4.85 35.2 39.1 - 14.7 3.0 8.0 1.85 Growth
Equity Profile Growth Plus Fund EQPGPN 10.90 13.53 0.06 6.84 5.63 7.23 5.32 35.2 39.1 - 14.7 3.0 8.0 1.40 Growth
Capital Guaranteed (Wealth Portfolio) CGORD1 4.47 3.75 4.10 3.81 3.67 3.96 4.17 6.4 4.4 - 9.5 70.5 9.2 N/A** Capital guaranteed
Capital Guaranteed CGORD2 4.47 3.75 4.10 3.81 3.66 3.96 4.17 6.4 4.4 - 9.5 70.5 9.2 N/A** Capital guaranteed
Investment Bond (Multi-Bond)# (INVBOND1)
Cash Fund CASH-N 0.35 0.77 1.60 2.02 1.31 1.21 1.88 - - - - - 100.0 1.85 Capital guaranteed cash
Capital Stable Fund CAPSNG 4.62 4.43 2.67 4.03 5.02 4.14 3.16 11.3 13.3 - 9.5 33.9 32.0 1.85 Capital stable
Balanced Fund BALI-N 9.32 10.70 0.70 5.90 6.36 6.49 4.43 28.4 34.0 - 13.8 13.1 10.7 1.85 Balanced
Equity Profile Fund EPNG 10.35 12.97 -0.34 6.33 5.11 6.49 4.84 35.2 39.1 - 14.7 3.0 8.0 1.85 Growth
Capital Guaranteed CGORD1 4.47 3.75 4.10 3.81 3.67 3.96 4.17 6.4 4.4 - 9.5 70.5 9.2 N/A** Capital guaranteed
Investment Bond (Bond '90, Bond '92, Inlife Series 3)# (BOND-N, BOND-N92, XINLIFE-NB)
Cash Fund CAPFNG 0.26 0.74 1.61 2.03 1.37 1.19 1.88 - - - - - 100.0 1.85 Capital guaranteed cash
Capital Stable Fund CAPSNG 4.62 4.43 2.67 4.03 5.02 4.14 3.16 11.3 13.3 - 9.5 33.9 32.0 1.85 Capital stable
Capital Stable II Fund (Bond '92) CS2NG 4.65 4.46 2.68 4.07 5.09 4.16 3.18 11.3 13.3 - 9.5 33.9 32.0 1.85 Capital stable
Balanced Fund BALANG 9.34 10.70 0.70 5.91 6.39 6.51 4.42 28.4 34.0 - 13.8 13.1 10.7 1.85 Balanced
Equity Profile Fund EPNG 10.35 12.97 -0.34 6.33 5.11 6.72 4.84 35.2 39.1 - 14.7 3.0 8.0 1.85 Growth
Capital Guaranteed CGORD1 4.47 3.75 4.10 3.81 3.67 3.96 4.17 6.4 4.4 - 9.5 70.5 9.2 N/A** Capital guaranteed
Investment Bond 'S' Series, Investment Bond (Managed PruBond, Inlife Series 2)# (SBOND-N, PRUBONDM, XINLIFE-NA)
Cash Fund SCPFNG 0.71 1.19 2.07 2.49 1.83 1.64 2.33 - - - - - 100.0 1.40 Capital guaranteed cash
Capital Stable Fund SCPSNG 5.10 4.90 3.12 4.50 5.52 4.61 3.62 11.3 13.3 - 9.5 33.9 32.0 1.40 Capital stable
Balanced Fund (Investment Bond 'S' Series, Inlife Series 2) SBALNG 9.84 11.22 1.17 6.37 6.80 6.97 4.90 28.4 34.0 - 13.8 13.1 10.7 1.40 Balanced
Balanced Fund (Investment Bond – Managed PruBond) BOND4N 9.85 11.21 1.15 6.39 6.83 6.98 4.89 28.4 34.0 - 13.8 13.1 10.7 1.40 Balanced
Equity Profile Fund SEPNG 10.87 13.49 0.10 6.80 5.58 7.20 5.31 35.2 39.1 - 14.7 3.0 8.0 1.40 Growth
Capital Guaranteed CGORD1 4.47 3.75 4.10 3.81 3.67 3.96 4.17 6.4 4.4 - 9.5 70.5 9.2 N/A** Capital guaranteed
Investment performance and other important information
7
Product name and investment option nameInvestment option code
(PAS)
Yearly returns as at 30 June (%) 5 year compound
average return to 30 June
2014 (% p.a.)
10 year compound
average return to 30 June
2014 (% p.a.)
Asset allocation (%) as at 30 June 20141 Investment management
fees (% p.a.)2
Investment option objective
2014 2013 2012 2011 2010Australian
sharesInternational
sharesListed
property° Alternatives°°Fixed
interest°°°Cash
Investment LifeBuilder, Wealth Portfolio, InvestorPlan# (LB, WP, INVESTNI)
Capital Stable Primary Fund (Wealth Portfolio) CAPN 1.47 1.32 -0.44 0.91 1.85 1.02 0.07 11.3 13.3 - 9.5 33.9 32.0 4.85 Capital stable
Capital Stable Growth Fund (Wealth Portfolio) CAPGN 4.63 4.45 2.64 4.03 5.03 4.14 3.16 11.3 13.3 - 9.5 33.9 32.0 1.85 Capital stable
Capital Stable Growth Plus Fund CAPGPN 5.15 4.91 3.13 4.54 5.51 4.63 3.64 11.3 13.3 - 9.5 33.9 32.0 1.40 Capital stable
Balanced Primary Fund (Wealth Portfolio) BALN 6.05 7.41 -2.31 2.76 3.14 3.32 1.30 28.4 34.0 - 13.8 13.1 10.7 4.85 Balanced
Balanced Growth Fund (Wealth Portfolio) BALGN 9.35 10.72 0.71 5.94 6.36 6.51 4.44 28.4 34.0 - 13.8 13.1 10.7 1.85 Balanced
Balanced Growth Plus Fund BALGPN 9.91 11.13 1.19 6.32 6.87 6.97 4.89 28.4 34.0 - 13.8 13.1 10.7 1.40 Balanced
Equity Profile Primary Fund (Wealth Portfolio) EQPN 7.03 9.59 -3.33 3.14 2.01 3.52 1.70 35.2 39.1 - 14.7 3.0 8.0 4.85 Growth
Equity Profile Growth Fund (Wealth Portfolio) EQPGN 10.36 12.97 -0.34 6.33 5.15 6.73 4.85 35.2 39.1 - 14.7 3.0 8.0 1.85 Growth
Equity Profile Growth Plus Fund EQPGPN 10.90 13.53 0.06 6.84 5.63 7.23 5.32 35.2 39.1 - 14.7 3.0 8.0 1.40 Growth
Capital Guaranteed (Wealth Portfolio) CGORD1 4.47 3.75 4.10 3.81 3.67 3.96 4.17 6.4 4.4 - 9.5 70.5 9.2 N/A** Capital guaranteed
Capital Guaranteed CGORD2 4.47 3.75 4.10 3.81 3.66 3.96 4.17 6.4 4.4 - 9.5 70.5 9.2 N/A** Capital guaranteed
Investment Bond (Multi-Bond)# (INVBOND1)
Cash Fund CASH-N 0.35 0.77 1.60 2.02 1.31 1.21 1.88 - - - - - 100.0 1.85 Capital guaranteed cash
Capital Stable Fund CAPSNG 4.62 4.43 2.67 4.03 5.02 4.14 3.16 11.3 13.3 - 9.5 33.9 32.0 1.85 Capital stable
Balanced Fund BALI-N 9.32 10.70 0.70 5.90 6.36 6.49 4.43 28.4 34.0 - 13.8 13.1 10.7 1.85 Balanced
Equity Profile Fund EPNG 10.35 12.97 -0.34 6.33 5.11 6.49 4.84 35.2 39.1 - 14.7 3.0 8.0 1.85 Growth
Capital Guaranteed CGORD1 4.47 3.75 4.10 3.81 3.67 3.96 4.17 6.4 4.4 - 9.5 70.5 9.2 N/A** Capital guaranteed
Investment Bond (Bond '90, Bond '92, Inlife Series 3)# (BOND-N, BOND-N92, XINLIFE-NB)
Cash Fund CAPFNG 0.26 0.74 1.61 2.03 1.37 1.19 1.88 - - - - - 100.0 1.85 Capital guaranteed cash
Capital Stable Fund CAPSNG 4.62 4.43 2.67 4.03 5.02 4.14 3.16 11.3 13.3 - 9.5 33.9 32.0 1.85 Capital stable
Capital Stable II Fund (Bond '92) CS2NG 4.65 4.46 2.68 4.07 5.09 4.16 3.18 11.3 13.3 - 9.5 33.9 32.0 1.85 Capital stable
Balanced Fund BALANG 9.34 10.70 0.70 5.91 6.39 6.51 4.42 28.4 34.0 - 13.8 13.1 10.7 1.85 Balanced
Equity Profile Fund EPNG 10.35 12.97 -0.34 6.33 5.11 6.72 4.84 35.2 39.1 - 14.7 3.0 8.0 1.85 Growth
Capital Guaranteed CGORD1 4.47 3.75 4.10 3.81 3.67 3.96 4.17 6.4 4.4 - 9.5 70.5 9.2 N/A** Capital guaranteed
Investment Bond 'S' Series, Investment Bond (Managed PruBond, Inlife Series 2)# (SBOND-N, PRUBONDM, XINLIFE-NA)
Cash Fund SCPFNG 0.71 1.19 2.07 2.49 1.83 1.64 2.33 - - - - - 100.0 1.40 Capital guaranteed cash
Capital Stable Fund SCPSNG 5.10 4.90 3.12 4.50 5.52 4.61 3.62 11.3 13.3 - 9.5 33.9 32.0 1.40 Capital stable
Balanced Fund (Investment Bond 'S' Series, Inlife Series 2) SBALNG 9.84 11.22 1.17 6.37 6.80 6.97 4.90 28.4 34.0 - 13.8 13.1 10.7 1.40 Balanced
Balanced Fund (Investment Bond – Managed PruBond) BOND4N 9.85 11.21 1.15 6.39 6.83 6.98 4.89 28.4 34.0 - 13.8 13.1 10.7 1.40 Balanced
Equity Profile Fund SEPNG 10.87 13.49 0.10 6.80 5.58 7.20 5.31 35.2 39.1 - 14.7 3.0 8.0 1.40 Growth
Capital Guaranteed CGORD1 4.47 3.75 4.10 3.81 3.67 3.96 4.17 6.4 4.4 - 9.5 70.5 9.2 N/A** Capital guaranteed
See notes on page 23.
8
Product name and investment option nameInvestment option code
(PAS)
Yearly returns as at 30 June (%) 5 year compound
average return to 30 June
2014 (% p.a.)
10 year compound
average return to 30 June
2014 (% p.a.)
Asset allocation (%) as at 30 June 20141 Investment management
fees (% p.a.)2
Investment option objective
2014 2013 2012 2011 2010Australian
sharesInternational
sharesListed
property° Alternatives°°Fixed
interest°°°Cash
Investment Bond (Bond '93)# (IB93)
Fixed Interest Fund FI93NG 3.48 1.23 5.08 3.07 5.10 3.59 2.98 - - - - 98.2 1.8 1.95 Fixed interest
Capital Stable Fund CS93NG 4.51 4.34 2.57 3.94 4.90 4.04 3.06 11.3 13.3 - 9.5 33.9 32.0 1.95 Capital stable
Balanced Fund B93NG 9.22 10.62 0.64 5.81 6.25 6.41 4.33 28.4 34.0 - 13.8 13.1 10.7 1.95 Balanced
Equity Profile Fund EP93NG 10.24 12.82 -0.40 6.24 5.02 6.62 4.74 35.2 39.1 - 14.7 3.0 8.0 1.95 Growth
Capital Guaranteed CGORD1 4.47 3.75 4.10 3.81 3.67 3.96 4.17 6.4 4.4 - 9.5 70.5 9.2 N/A** Capital guaranteed
Investment Bond (Capital Guaranteed Bond) (ACTUBOND, XAETBNDN)
Capital Guaranteed CGORD1 4.47 3.75 4.10 3.81 3.67 3.96 4.17 6.4 4.4 - 9.5 70.5 9.2 N/A** Capital guaranteed
Managed Investment Bond# (MIB)
Capital Guaranteed Cash Fund SOGA 0.63 1.11 1.99 2.41 1.69 1.56 2.29 - - - - - 100.0 1.50* Capital guaranteed cash
Managed Growth Fund SOMA 10.14 11.46 1.34 6.60 7.06 7.21 5.26 28.4 34.0 - 13.8 13.1 10.7 1.20* Balanced
Bond 2000# (M2000)
Capital Guaranteed Cash Fund SOGB 0.63 1.10 2.00 2.40 1.69 1.56 2.26 - - - - - 100.0 1.50* Capital guaranteed cash
Managed Growth Fund SOMB 9.81 11.13 1.04 6.26 6.79 6.90 4.80 28.4 34.0 - 13.8 13.1 10.7 1.50* Balanced
Easy Saver, Easy Saver Plus# (EASYSAVER, EASYSAVER+)
Capital Guaranteed Fund (Easy Saver) (non-participating)3 AM 2.94 2.27 1.57 1.58 1.16 1.90 3.40 5.7 3.3 - 6.6 40.2 44.2 1.65 Capital guaranteed
Capital Guaranteed Fund (Easy Saver Plus) (non-participating)3 AM 2.94 2.27 1.57 1.58 1.16 1.90 3.40 5.7 3.3 - 6.6 40.2 44.2 1.65 Capital guaranteed
Capital Guaranteed Cash Fund VM 0.36 0.95 2.16 2.26 1.33 1.41 2.10 - - - - - 100.0 1.65 Capital guaranteed cash
Capital Secure Fund DM 4.83 4.68 2.87 4.47 4.82 4.33 3.36 11.3 13.3 - 9.5 33.9 32.0 1.65 Capital stable
Balanced Fund MM 9.58 10.92 0.90 5.89 6.90 6.66 4.63 28.4 34.0 - 13.8 13.1 10.7 1.65 Balanced
Managed Growth Fund (LJ and LM Units) LM 9.48 11.01 0.89 5.92 6.63 6.73 4.63 28.4 34.0 - 13.8 13.1 10.7 1.65 Balanced
Managed Growth Fund (PJ and PM units) PM 9.61 10.91 0.81 6.05 6.45 6.71 4.63 28.4 34.0 - 13.8 13.1 10.7 1.65 Balanced
LifeWise – Series 4 and 5# (LIFEWISE4, LIFEWISE5)
Capital Guaranteed Fund (non-participating)3 J 1.68 1.02 0.37 0.29 0.53 0.78 2.23 5.7 3.3 - 6.6 40.2 44.2 2.90 Capital guaranteed
Capital Guaranteed Cash Fund (Series 5) VP 0.01 0.01 0.58 1.04 0.00 0.33 0.91 - - - - - 100.0 2.90 Capital guaranteed cash
Capital Secure Fund (Series 5) DP 3.54 3.33 1.56 2.65 4.38 3.09 2.07 11.3 13.3 - 9.5 33.9 32.0 2.90 Capital stable
Managed Growth Fund LP 8.14 9.54 -0.33 4.98 5.26 5.35 3.34 28.4 34.0 - 13.8 13.1 10.7 2.90 Balanced
LifeLink, LifeLink Plus – Series 2 and 3# (LL1, LL2, LLB3)
Managed Growth Fund (LifeLink and Series 2) LL1, LL2 10.88 12.23 2.05 7.37 7.76 7.94 6.11 28.4 34.0 - 13.8 13.1 10.7 0.50 Balanced
Managed Growth Fund (Series 3) B 9.56 10.97 0.89 6.12 6.64 6.74 4.64 28.4 34.0 - 13.8 13.1 10.7 1.65 Balanced
Managed Investment Plan, Managed Savings Plan# (MIP1, MIP3, MSP)
Capital Guaranteed Cash Fund (Early Series/Late Series)OG_PROT,
OG_UNPROT0.62 1.10 1.98 2.23 1.69 1.52 2.26 - - - - - 100.0 1.55* Capital guaranteed cash
Managed Growth Fund (Early Series/Late Series)OM_PROT,
OM_UNPROT9.83 11.13 1.03 6.30 6.82 6.89 4.84 28.4 34.0 - 13.8 13.1 10.7 1.55* Balanced
Investment performance and other important information
9
Product name and investment option nameInvestment option code
(PAS)
Yearly returns as at 30 June (%) 5 year compound
average return to 30 June
2014 (% p.a.)
10 year compound
average return to 30 June
2014 (% p.a.)
Asset allocation (%) as at 30 June 20141 Investment management
fees (% p.a.)2
Investment option objective
2014 2013 2012 2011 2010Australian
sharesInternational
sharesListed
property° Alternatives°°Fixed
interest°°°Cash
Investment Bond (Bond '93)# (IB93)
Fixed Interest Fund FI93NG 3.48 1.23 5.08 3.07 5.10 3.59 2.98 - - - - 98.2 1.8 1.95 Fixed interest
Capital Stable Fund CS93NG 4.51 4.34 2.57 3.94 4.90 4.04 3.06 11.3 13.3 - 9.5 33.9 32.0 1.95 Capital stable
Balanced Fund B93NG 9.22 10.62 0.64 5.81 6.25 6.41 4.33 28.4 34.0 - 13.8 13.1 10.7 1.95 Balanced
Equity Profile Fund EP93NG 10.24 12.82 -0.40 6.24 5.02 6.62 4.74 35.2 39.1 - 14.7 3.0 8.0 1.95 Growth
Capital Guaranteed CGORD1 4.47 3.75 4.10 3.81 3.67 3.96 4.17 6.4 4.4 - 9.5 70.5 9.2 N/A** Capital guaranteed
Investment Bond (Capital Guaranteed Bond) (ACTUBOND, XAETBNDN)
Capital Guaranteed CGORD1 4.47 3.75 4.10 3.81 3.67 3.96 4.17 6.4 4.4 - 9.5 70.5 9.2 N/A** Capital guaranteed
Managed Investment Bond# (MIB)
Capital Guaranteed Cash Fund SOGA 0.63 1.11 1.99 2.41 1.69 1.56 2.29 - - - - - 100.0 1.50* Capital guaranteed cash
Managed Growth Fund SOMA 10.14 11.46 1.34 6.60 7.06 7.21 5.26 28.4 34.0 - 13.8 13.1 10.7 1.20* Balanced
Bond 2000# (M2000)
Capital Guaranteed Cash Fund SOGB 0.63 1.10 2.00 2.40 1.69 1.56 2.26 - - - - - 100.0 1.50* Capital guaranteed cash
Managed Growth Fund SOMB 9.81 11.13 1.04 6.26 6.79 6.90 4.80 28.4 34.0 - 13.8 13.1 10.7 1.50* Balanced
Easy Saver, Easy Saver Plus# (EASYSAVER, EASYSAVER+)
Capital Guaranteed Fund (Easy Saver) (non-participating)3 AM 2.94 2.27 1.57 1.58 1.16 1.90 3.40 5.7 3.3 - 6.6 40.2 44.2 1.65 Capital guaranteed
Capital Guaranteed Fund (Easy Saver Plus) (non-participating)3 AM 2.94 2.27 1.57 1.58 1.16 1.90 3.40 5.7 3.3 - 6.6 40.2 44.2 1.65 Capital guaranteed
Capital Guaranteed Cash Fund VM 0.36 0.95 2.16 2.26 1.33 1.41 2.10 - - - - - 100.0 1.65 Capital guaranteed cash
Capital Secure Fund DM 4.83 4.68 2.87 4.47 4.82 4.33 3.36 11.3 13.3 - 9.5 33.9 32.0 1.65 Capital stable
Balanced Fund MM 9.58 10.92 0.90 5.89 6.90 6.66 4.63 28.4 34.0 - 13.8 13.1 10.7 1.65 Balanced
Managed Growth Fund (LJ and LM Units) LM 9.48 11.01 0.89 5.92 6.63 6.73 4.63 28.4 34.0 - 13.8 13.1 10.7 1.65 Balanced
Managed Growth Fund (PJ and PM units) PM 9.61 10.91 0.81 6.05 6.45 6.71 4.63 28.4 34.0 - 13.8 13.1 10.7 1.65 Balanced
LifeWise – Series 4 and 5# (LIFEWISE4, LIFEWISE5)
Capital Guaranteed Fund (non-participating)3 J 1.68 1.02 0.37 0.29 0.53 0.78 2.23 5.7 3.3 - 6.6 40.2 44.2 2.90 Capital guaranteed
Capital Guaranteed Cash Fund (Series 5) VP 0.01 0.01 0.58 1.04 0.00 0.33 0.91 - - - - - 100.0 2.90 Capital guaranteed cash
Capital Secure Fund (Series 5) DP 3.54 3.33 1.56 2.65 4.38 3.09 2.07 11.3 13.3 - 9.5 33.9 32.0 2.90 Capital stable
Managed Growth Fund LP 8.14 9.54 -0.33 4.98 5.26 5.35 3.34 28.4 34.0 - 13.8 13.1 10.7 2.90 Balanced
LifeLink, LifeLink Plus – Series 2 and 3# (LL1, LL2, LLB3)
Managed Growth Fund (LifeLink and Series 2) LL1, LL2 10.88 12.23 2.05 7.37 7.76 7.94 6.11 28.4 34.0 - 13.8 13.1 10.7 0.50 Balanced
Managed Growth Fund (Series 3) B 9.56 10.97 0.89 6.12 6.64 6.74 4.64 28.4 34.0 - 13.8 13.1 10.7 1.65 Balanced
Managed Investment Plan, Managed Savings Plan# (MIP1, MIP3, MSP)
Capital Guaranteed Cash Fund (Early Series/Late Series)OG_PROT,
OG_UNPROT0.62 1.10 1.98 2.23 1.69 1.52 2.26 - - - - - 100.0 1.55* Capital guaranteed cash
Managed Growth Fund (Early Series/Late Series)OM_PROT,
OM_UNPROT9.83 11.13 1.03 6.30 6.82 6.89 4.84 28.4 34.0 - 13.8 13.1 10.7 1.55* Balanced
See notes on page 23.
10
Product name and investment option nameInvestment option code
(PAS)
Yearly returns as at 30 June (%) 5 year compound
average return to 30 June
2014 (% p.a.)
10 year compound
average return to 30 June
2014 (% p.a.)
Asset allocation (%) as at 30 June 20141 Investment management
fees (% p.a.)2
Investment option objective
2014 2013 2012 2011 2010Australian
sharesInternational
sharesListed
property° Alternatives°°Fixed
interest°°°Cash
Insurance Bond, Limited Offer Insurance Bond (Capital Guaranteed and Multi Option)# (IB, IB+, IBLOM, IBLO)
Capital Guaranteed Fund (Limited Offer Multi Option and non-participating)3 CGIB 2.94 2.27 1.57 1.79 1.21 1.95 3.40 5.7 3.3 - 6.6 40.2 44.2 1.65 Capital guaranteed
Capital Guaranteed Fund (Limited Offer and non-participating)3 CGIBLO 2.99 2.32 1.62 1.84 1.25 2.00 3.39 5.7 3.3 - 6.6 40.2 44.2 1.60 Capital guaranteed
Capital Guaranteed Cash Fund (Insurance Bond) VY 0.46 0.94 1.85 2.29 1.53 1.41 2.09 - - - - - 100.0 1.65 Capital guaranteed cash
Capital Secure Fund DA 4.83 4.64 2.86 4.26 5.27 4.35 3.38 11.3 13.3 - 9.5 33.9 32.0 1.65 Capital stable
Balanced Fund MB 9.53 10.89 0.89 6.09 6.59 6.69 4.62 28.4 34.0 - 13.8 13.1 10.7 1.65 Balanced
Managed Growth Fund LB 9.56 10.91 0.99 6.13 6.53 6.72 4.63 28.4 34.0 - 13.8 13.1 10.7 1.65 Balanced
Insurance Bond Series III# (IB1, IB1+)
Capital Guaranteed Fund (non-participating)3 CGIB1 2.83 2.17 1.47 1.69 1.13 1.86 3.31 5.7 3.3 - 6.6 40.2 44.2 1.75 Capital guaranteed
Capital Guaranteed Cash Fund VY1 0.35 0.83 1.83 2.23 1.42 1.33 2.00 - - - - - 100.0 1.75 Capital guaranteed cash
Capital Secure Fund DA1 4.79 4.53 2.80 4.13 5.13 4.26 3.30 11.3 13.3 - 9.5 33.9 32.0 1.75 Capital stable
Balanced Fund MB1 9.44 10.79 0.80 6.14 6.46 6.62 4.57 28.4 34.0 - 13.8 13.1 10.7 1.75 Balanced
Managed Growth Fund PB1 9.44 10.80 0.80 6.03 6.45 6.60 4.53 28.4 34.0 - 13.8 13.1 10.7 1.75 Balanced
Australian Share Fund YB1 10.75 13.55 -4.70 5.56 9.51 6.52 6.39 98.3 - - - - 1.7 1.75 Australian share
Insurance Bond Series IV# (IB4, IB4+)
Capital Guaranteed Fund (non-participating)3 CGIB4 4.18 5.48 4.41 5.11 2.76 4.38 4.44 5.7 3.3 - 6.6 40.2 44.2 1.75* Capital guaranteed
Capital Guaranteed Cash Fund VY4 0.37 0.85 3.07 2.14 1.31 1.54 2.17 - - - - - 100.0 1.75* Capital guaranteed cash
Australian Fixed Interest Fund ZB4 3.68 1.49 5.31 3.32 5.41 3.84 3.28 - - - - 98.2 1.8 1.75* Fixed interest
Capital Secure Fund DA4 4.80 4.57 2.79 4.20 5.20 4.29 3.35 11.3 13.3 - 9.5 33.9 32.0 1.75* Capital stable
Balanced Fund MB4 9.52 10.84 0.84 6.02 6.53 6.65 4.60 28.4 34.0 - 13.8 13.1 10.7 1.75* Balanced
Managed Growth Fund PB4 9.56 10.90 0.77 6.03 6.54 6.65 4.61 28.4 34.0 - 13.8 13.1 10.7 1.75* Balanced
Australian Share Fund YB4 11.86 15.66 -4.31 5.54 9.87 7.28 6.88 98.3 - - - 1.7 1.75* Australian share
Insurance Bond Security Plus# (IBS+)
Capital Secure Fund DA 4.83 4.64 2.86 4.26 5.27 4.35 3.38 11.3 13.3 - 9.5 33.9 32.0 1.65 Capital stable
Insurance Bond Investment Linked, Insurance Bond Maturity Guaranteed, Insurance Bond Old Series, Insurance Bond Series 1# (IBIL, IBMG, IBOS, IBS1)
Managed Growth Fund LB 9.56 10.91 0.99 6.13 6.53 6.72 4.63 28.4 34.0 - 13.8 13.1 10.7 1.65 Balanced
Superbridge Series II, Superbridge New Series, Superbridge Investment Linked# (SBIL, SBNS, SBOS)
Managed Growth Fund CS 12.38 14.46 1.36 8.20 8.49 8.81 6.44 28.5 34.4 - 14.4 13.1 9.6 1.50 Balanced
Superbridge Deferred Annuity, Trustee Superannuation Bond, Trustee Superannuation Bond (Old Series), SuperSpan Plus Deferred Annuity# (SB, TSB, TSBOS, SS+)
Capital Guaranteed Fund (non-participating)3 CGSB, CGTSB 4.03 3.28 2.19 2.53 1.71 2.75 3.95 5.8 3.3 - 6.7 40.2 44.0 1.50 Capital guaranteed
Capital Guaranteed Cash Fund UW 1.06 1.66 2.66 3.27 2.42 2.21 3.01 - - - - - 100.0 1.50 Capital guaranteed cash
Capital Secure Fund FG 6.67 6.31 3.99 5.97 7.39 6.04 4.78 11.4 13.2 - 9.6 33.8 32.0 1.50 Capital stable
Balanced Fund NS 12.42 14.45 1.37 8.17 8.45 8.80 6.44 28.5 34.4 - 14.4 13.1 9.6 1.50 Balanced
Managed Growth Fund CS 12.38 14.46 1.36 8.20 8.49 8.81 6.44 28.5 34.4 - 14.4 13.1 9.6 1.50 Balanced
Investment performance and other important information
11
Product name and investment option nameInvestment option code
(PAS)
Yearly returns as at 30 June (%) 5 year compound
average return to 30 June
2014 (% p.a.)
10 year compound
average return to 30 June
2014 (% p.a.)
Asset allocation (%) as at 30 June 20141 Investment management
fees (% p.a.)2
Investment option objective
2014 2013 2012 2011 2010Australian
sharesInternational
sharesListed
property° Alternatives°°Fixed
interest°°°Cash
Insurance Bond, Limited Offer Insurance Bond (Capital Guaranteed and Multi Option)# (IB, IB+, IBLOM, IBLO)
Capital Guaranteed Fund (Limited Offer Multi Option and non-participating)3 CGIB 2.94 2.27 1.57 1.79 1.21 1.95 3.40 5.7 3.3 - 6.6 40.2 44.2 1.65 Capital guaranteed
Capital Guaranteed Fund (Limited Offer and non-participating)3 CGIBLO 2.99 2.32 1.62 1.84 1.25 2.00 3.39 5.7 3.3 - 6.6 40.2 44.2 1.60 Capital guaranteed
Capital Guaranteed Cash Fund (Insurance Bond) VY 0.46 0.94 1.85 2.29 1.53 1.41 2.09 - - - - - 100.0 1.65 Capital guaranteed cash
Capital Secure Fund DA 4.83 4.64 2.86 4.26 5.27 4.35 3.38 11.3 13.3 - 9.5 33.9 32.0 1.65 Capital stable
Balanced Fund MB 9.53 10.89 0.89 6.09 6.59 6.69 4.62 28.4 34.0 - 13.8 13.1 10.7 1.65 Balanced
Managed Growth Fund LB 9.56 10.91 0.99 6.13 6.53 6.72 4.63 28.4 34.0 - 13.8 13.1 10.7 1.65 Balanced
Insurance Bond Series III# (IB1, IB1+)
Capital Guaranteed Fund (non-participating)3 CGIB1 2.83 2.17 1.47 1.69 1.13 1.86 3.31 5.7 3.3 - 6.6 40.2 44.2 1.75 Capital guaranteed
Capital Guaranteed Cash Fund VY1 0.35 0.83 1.83 2.23 1.42 1.33 2.00 - - - - - 100.0 1.75 Capital guaranteed cash
Capital Secure Fund DA1 4.79 4.53 2.80 4.13 5.13 4.26 3.30 11.3 13.3 - 9.5 33.9 32.0 1.75 Capital stable
Balanced Fund MB1 9.44 10.79 0.80 6.14 6.46 6.62 4.57 28.4 34.0 - 13.8 13.1 10.7 1.75 Balanced
Managed Growth Fund PB1 9.44 10.80 0.80 6.03 6.45 6.60 4.53 28.4 34.0 - 13.8 13.1 10.7 1.75 Balanced
Australian Share Fund YB1 10.75 13.55 -4.70 5.56 9.51 6.52 6.39 98.3 - - - - 1.7 1.75 Australian share
Insurance Bond Series IV# (IB4, IB4+)
Capital Guaranteed Fund (non-participating)3 CGIB4 4.18 5.48 4.41 5.11 2.76 4.38 4.44 5.7 3.3 - 6.6 40.2 44.2 1.75* Capital guaranteed
Capital Guaranteed Cash Fund VY4 0.37 0.85 3.07 2.14 1.31 1.54 2.17 - - - - - 100.0 1.75* Capital guaranteed cash
Australian Fixed Interest Fund ZB4 3.68 1.49 5.31 3.32 5.41 3.84 3.28 - - - - 98.2 1.8 1.75* Fixed interest
Capital Secure Fund DA4 4.80 4.57 2.79 4.20 5.20 4.29 3.35 11.3 13.3 - 9.5 33.9 32.0 1.75* Capital stable
Balanced Fund MB4 9.52 10.84 0.84 6.02 6.53 6.65 4.60 28.4 34.0 - 13.8 13.1 10.7 1.75* Balanced
Managed Growth Fund PB4 9.56 10.90 0.77 6.03 6.54 6.65 4.61 28.4 34.0 - 13.8 13.1 10.7 1.75* Balanced
Australian Share Fund YB4 11.86 15.66 -4.31 5.54 9.87 7.28 6.88 98.3 - - - 1.7 1.75* Australian share
Insurance Bond Security Plus# (IBS+)
Capital Secure Fund DA 4.83 4.64 2.86 4.26 5.27 4.35 3.38 11.3 13.3 - 9.5 33.9 32.0 1.65 Capital stable
Insurance Bond Investment Linked, Insurance Bond Maturity Guaranteed, Insurance Bond Old Series, Insurance Bond Series 1# (IBIL, IBMG, IBOS, IBS1)
Managed Growth Fund LB 9.56 10.91 0.99 6.13 6.53 6.72 4.63 28.4 34.0 - 13.8 13.1 10.7 1.65 Balanced
Superbridge Series II, Superbridge New Series, Superbridge Investment Linked# (SBIL, SBNS, SBOS)
Managed Growth Fund CS 12.38 14.46 1.36 8.20 8.49 8.81 6.44 28.5 34.4 - 14.4 13.1 9.6 1.50 Balanced
Superbridge Deferred Annuity, Trustee Superannuation Bond, Trustee Superannuation Bond (Old Series), SuperSpan Plus Deferred Annuity# (SB, TSB, TSBOS, SS+)
Capital Guaranteed Fund (non-participating)3 CGSB, CGTSB 4.03 3.28 2.19 2.53 1.71 2.75 3.95 5.8 3.3 - 6.7 40.2 44.0 1.50 Capital guaranteed
Capital Guaranteed Cash Fund UW 1.06 1.66 2.66 3.27 2.42 2.21 3.01 - - - - - 100.0 1.50 Capital guaranteed cash
Capital Secure Fund FG 6.67 6.31 3.99 5.97 7.39 6.04 4.78 11.4 13.2 - 9.6 33.8 32.0 1.50 Capital stable
Balanced Fund NS 12.42 14.45 1.37 8.17 8.45 8.80 6.44 28.5 34.4 - 14.4 13.1 9.6 1.50 Balanced
Managed Growth Fund CS 12.38 14.46 1.36 8.20 8.49 8.81 6.44 28.5 34.4 - 14.4 13.1 9.6 1.50 Balanced
See notes on page 23.
12
Product name and investment option nameInvestment option code
(PAS)
Yearly returns as at 30 June (%) 5 year compound
average return to 30 June
2014 (% p.a.)
10 year compound
average return to 30 June
2014 (% p.a.)
Asset allocation (%) as at 30 June 20141 Investment management
fees (% p.a.)2
Investment option objective
2014 2013 2012 2011 2010Australian
sharesInternational
sharesListed
property° Alternatives°°Fixed
interest°°°Cash
Superbridge Deferred Annuity Series III, Trustee Superannuation Bond Series III, SuperSpan Plus Deferred Annuity Series III# (SB1, TSB1, TSB1+, SS1+)
Capital Guaranteed Fund (non-participating)3 CGSB1, CGTSB1 3.83 3.08 1.99 2.33 1.55 2.55 3.76 5.8 3.3 - 6.7 40.2 44.0 1.70 Capital guaranteed
Capital Guaranteed Cash Fund UW1 0.86 1.42 2.47 3.05 2.20 2.00 2.80 - - - - - 100.0 1.70 Capital guaranteed cash
Australian Fixed Interest Fund XS1 5.10 2.14 6.86 4.47 7.45 5.19 4.52 - - - - 99.0 1.0 1.70 Fixed interest
Capital Secure Fund FG1 6.48 6.09 3.77 5.72 7.21 5.83 4.58 11.4 13.2 - 9.6 33.8 32.0 1.70 Capital stable
Balanced Fund NS1 12.19 14.21 1.15 7.96 8.27 8.59 6.24 28.5 34.4 - 14.4 13.1 9.6 1.70 Balanced
Managed Growth Fund QS1 12.21 14.26 1.13 7.96 8.24 8.59 6.23 28.5 34.4 - 14.4 13.1 9.6 1.70 Balanced
Australian Share Fund WS1 15.17 20.64 -5.22 7.30 14.30 9.76 8.80 98.6 - - - - 1.4 1.70 Australian share
Superbridge Deferred Annuity Series IV, SuperSpan Plus Deferred Annuity Series IV# (SB4, SS4+)
Capital Guaranteed Fund (non-participating)3 CGSB4, CGTSB4 4.54 6.90 6.96 5.13 2.74 5.24 6.80 5.8 3.3 - 6.7 40.2 44.0 1.70* Capital guaranteed
Capital Guaranteed Cash Fund UW4 0.89 1.47 2.49 3.09 2.19 2.02 2.83 - - - - - 100.0 1.70* Capital guaranteed cash
Australian Fixed Interest Fund XS4 4.99 2.13 7.04 4.48 7.49 5.21 4.56 - - - - 99.0 1.0 1.70* Fixed interest
Capital Secure Fund FG4 6.42 6.11 3.77 5.77 7.21 5.83 4.60 11.4 13.2 - 9.6 33.8 32.0 1.70* Capital stable
Balanced Fund NS4 12.18 14.25 1.12 7.98 8.18 8.57 6.26 28.5 34.4 - 14.4 13.1 9.6 1.70* Balanced
Managed Growth Fund QS4 12.14 14.23 1.15 7.95 8.27 8.58 6.25 28.5 34.4 - 14.4 13.1 9.6 1.70* Balanced
Australian Share Fund WS4 15.23 20.65 -5.19 7.37 14.42 9.81 8.91 98.6 - - - - 1.4 1.70* Australian share
SuperSpan Limited Offer, SuperSpan II# (SSLO, SSII)
Capital Guaranteed Fund (non-participating)3 CGSSLO 3.88 3.13 2.04 2.38 1.59 2.60 3.74 5.8 3.3 - 6.7 40.2 44.0 1.65 Capital guaranteed
SuperSpan Limited Offer (Multi Option)# (SSLOM)
Capital Guaranteed Fund (non-participating)3 CGSB 4.03 3.28 2.19 2.53 1.71 2.75 3.95 5.8 3.3 - 6.7 40.2 44.0 1.50 Capital guaranteed
Capital Guaranteed Cash Fund UW 1.06 1.66 2.66 3.27 2.42 2.21 3.01 - - - - - 100.0 1.50 Capital guaranteed cash
Capital Secure Fund FG 6.67 6.31 3.99 5.97 7.39 6.04 4.78 11.4 13.2 - 9.6 33.8 32.0 1.50 Capital stable
Balanced Fund NS 12.42 14.45 1.37 8.17 8.45 8.80 6.44 28.5 34.4 - 14.4 13.1 9.6 1.50 Balanced
Managed Growth Fund CS 12.38 14.46 1.36 8.20 8.49 8.81 6.44 28.5 34.4 - 14.4 13.1 9.6 1.50 Balanced
SuperSpan II (Multi Option) Deferred Annuity# (SSIIM)
Capital Guaranteed Cash Fund UX 0.01 0.57 1.54 2.13 1.30 1.10 1.88 - - - - - 100.0 2.60 Capital guaranteed cash
Capital Secure Fund FG 6.67 6.31 3.99 5.97 7.39 6.04 4.78 11.4 13.2 - 9.6 33.8 32.0 1.50 Capital stable
Balanced Fund NS 12.42 14.45 1.37 8.17 8.45 8.80 6.44 28.5 34.4 - 14.4 13.1 9.6 1.50 Balanced
Managed Growth Fund CS 12.38 14.46 1.36 8.20 8.49 8.81 6.44 28.5 34.4 - 14.4 13.1 9.6 1.50 Balanced
SuperCash Deferred Annuity# (SC)
Capital Guaranteed Cash Fund UX 0.01 0.57 1.54 2.13 1.30 1.10 1.88 - - - - - 100.0 2.60 Capital guaranteed cash
Rollover Deferred Annuity, SuperBond# (RDA, SIB)
Capital Guaranteed Cash Fund SSGA 1.06 1.69 2.67 3.29 2.41 2.22 3.02 - - - - - 100.0 1.50* Capital guaranteed cash
Managed Fund SSMA 12.40 14.44 1.28 8.17 8.50 8.79 6.45 28.5 34.4 - 14.4 13.1 9.6 1.50* Balanced
Capital Guaranteed Fund (non-participating)3 CGSB 4.03 3.28 2.19 2.53 1.71 2.75 3.95 5.8 3.3 6.7 40.2 44.0 1.50* Capital guaranteed
Investment performance and other important information
13
Product name and investment option nameInvestment option code
(PAS)
Yearly returns as at 30 June (%) 5 year compound
average return to 30 June
2014 (% p.a.)
10 year compound
average return to 30 June
2014 (% p.a.)
Asset allocation (%) as at 30 June 20141 Investment management
fees (% p.a.)2
Investment option objective
2014 2013 2012 2011 2010Australian
sharesInternational
sharesListed
property° Alternatives°°Fixed
interest°°°Cash
Superbridge Deferred Annuity Series III, Trustee Superannuation Bond Series III, SuperSpan Plus Deferred Annuity Series III# (SB1, TSB1, TSB1+, SS1+)
Capital Guaranteed Fund (non-participating)3 CGSB1, CGTSB1 3.83 3.08 1.99 2.33 1.55 2.55 3.76 5.8 3.3 - 6.7 40.2 44.0 1.70 Capital guaranteed
Capital Guaranteed Cash Fund UW1 0.86 1.42 2.47 3.05 2.20 2.00 2.80 - - - - - 100.0 1.70 Capital guaranteed cash
Australian Fixed Interest Fund XS1 5.10 2.14 6.86 4.47 7.45 5.19 4.52 - - - - 99.0 1.0 1.70 Fixed interest
Capital Secure Fund FG1 6.48 6.09 3.77 5.72 7.21 5.83 4.58 11.4 13.2 - 9.6 33.8 32.0 1.70 Capital stable
Balanced Fund NS1 12.19 14.21 1.15 7.96 8.27 8.59 6.24 28.5 34.4 - 14.4 13.1 9.6 1.70 Balanced
Managed Growth Fund QS1 12.21 14.26 1.13 7.96 8.24 8.59 6.23 28.5 34.4 - 14.4 13.1 9.6 1.70 Balanced
Australian Share Fund WS1 15.17 20.64 -5.22 7.30 14.30 9.76 8.80 98.6 - - - - 1.4 1.70 Australian share
Superbridge Deferred Annuity Series IV, SuperSpan Plus Deferred Annuity Series IV# (SB4, SS4+)
Capital Guaranteed Fund (non-participating)3 CGSB4, CGTSB4 4.54 6.90 6.96 5.13 2.74 5.24 6.80 5.8 3.3 - 6.7 40.2 44.0 1.70* Capital guaranteed
Capital Guaranteed Cash Fund UW4 0.89 1.47 2.49 3.09 2.19 2.02 2.83 - - - - - 100.0 1.70* Capital guaranteed cash
Australian Fixed Interest Fund XS4 4.99 2.13 7.04 4.48 7.49 5.21 4.56 - - - - 99.0 1.0 1.70* Fixed interest
Capital Secure Fund FG4 6.42 6.11 3.77 5.77 7.21 5.83 4.60 11.4 13.2 - 9.6 33.8 32.0 1.70* Capital stable
Balanced Fund NS4 12.18 14.25 1.12 7.98 8.18 8.57 6.26 28.5 34.4 - 14.4 13.1 9.6 1.70* Balanced
Managed Growth Fund QS4 12.14 14.23 1.15 7.95 8.27 8.58 6.25 28.5 34.4 - 14.4 13.1 9.6 1.70* Balanced
Australian Share Fund WS4 15.23 20.65 -5.19 7.37 14.42 9.81 8.91 98.6 - - - - 1.4 1.70* Australian share
SuperSpan Limited Offer, SuperSpan II# (SSLO, SSII)
Capital Guaranteed Fund (non-participating)3 CGSSLO 3.88 3.13 2.04 2.38 1.59 2.60 3.74 5.8 3.3 - 6.7 40.2 44.0 1.65 Capital guaranteed
SuperSpan Limited Offer (Multi Option)# (SSLOM)
Capital Guaranteed Fund (non-participating)3 CGSB 4.03 3.28 2.19 2.53 1.71 2.75 3.95 5.8 3.3 - 6.7 40.2 44.0 1.50 Capital guaranteed
Capital Guaranteed Cash Fund UW 1.06 1.66 2.66 3.27 2.42 2.21 3.01 - - - - - 100.0 1.50 Capital guaranteed cash
Capital Secure Fund FG 6.67 6.31 3.99 5.97 7.39 6.04 4.78 11.4 13.2 - 9.6 33.8 32.0 1.50 Capital stable
Balanced Fund NS 12.42 14.45 1.37 8.17 8.45 8.80 6.44 28.5 34.4 - 14.4 13.1 9.6 1.50 Balanced
Managed Growth Fund CS 12.38 14.46 1.36 8.20 8.49 8.81 6.44 28.5 34.4 - 14.4 13.1 9.6 1.50 Balanced
SuperSpan II (Multi Option) Deferred Annuity# (SSIIM)
Capital Guaranteed Cash Fund UX 0.01 0.57 1.54 2.13 1.30 1.10 1.88 - - - - - 100.0 2.60 Capital guaranteed cash
Capital Secure Fund FG 6.67 6.31 3.99 5.97 7.39 6.04 4.78 11.4 13.2 - 9.6 33.8 32.0 1.50 Capital stable
Balanced Fund NS 12.42 14.45 1.37 8.17 8.45 8.80 6.44 28.5 34.4 - 14.4 13.1 9.6 1.50 Balanced
Managed Growth Fund CS 12.38 14.46 1.36 8.20 8.49 8.81 6.44 28.5 34.4 - 14.4 13.1 9.6 1.50 Balanced
SuperCash Deferred Annuity# (SC)
Capital Guaranteed Cash Fund UX 0.01 0.57 1.54 2.13 1.30 1.10 1.88 - - - - - 100.0 2.60 Capital guaranteed cash
Rollover Deferred Annuity, SuperBond# (RDA, SIB)
Capital Guaranteed Cash Fund SSGA 1.06 1.69 2.67 3.29 2.41 2.22 3.02 - - - - - 100.0 1.50* Capital guaranteed cash
Managed Fund SSMA 12.40 14.44 1.28 8.17 8.50 8.79 6.45 28.5 34.4 - 14.4 13.1 9.6 1.50* Balanced
Capital Guaranteed Fund (non-participating)3 CGSB 4.03 3.28 2.19 2.53 1.71 2.75 3.95 5.8 3.3 6.7 40.2 44.0 1.50* Capital guaranteed
See notes on page 23.
14
Product name and investment option nameInvestment option code
(PAS)
Yearly returns as at 30 June (%) 5 year compound
average return to 30 June
2014 (% p.a.)
10 year compound
average return to 30 June
2014 (% p.a.)
Asset allocation (%) as at 30 June 20141 Investment management
fees (% p.a.)2
Investment option objective
2014 2013 2012 2011 2010Australian
sharesInternational
sharesListed
property° Alternatives°°Fixed
interest°°°Cash
SuperBond 2000# (S2000)
Capital Guaranteed Cash Fund SSGB 1.06 1.67 2.66 3.27 2.41 2.21 3.02 - - - - - 100.0 1.50* Capital guaranteed cash
Managed Growth Fund SSMB 11.74 13.09 2.24 7.63 8.86 8.56 6.28 28.5 34.4 - 14.4 13.1 9.6 1.50* Balanced
TAP Allocated Annuity# (TAE2E, TAE2E+)
Capital Guaranteed Fund (non-participating)3 KST2 3.68 5.42 4.84 4.36 5.26 4.71 6.84 5.8 3.4 - 6.7 40.0 44.1 1.70* Capital guaranteed
Capital Guaranteed Cash Fund UWT2 1.34 2.03 3.28 3.90 2.92 2.69 3.60 - - - - - 100.0 1.70* Capital guaranteed cash
Australian Fixed Interest Fund XST2 6.22 2.86 8.51 5.68 8.72 6.38 5.69 - - - - 98.1 1.9 1.70* Fixed interest
Capital Secure Fund FGT2 7.62 7.31 4.74 7.00 7.88 6.87 5.75 11.0 13.1 - 10.0 33.8 32.1 1.70* Capital stable
Balanced Fund NST2 14.08 16.56 2.15 9.43 8.56 9.95 6.76 27.8 34.0 - 15.5 13.1 9.6 1.70* Balanced
Managed Growth Fund QST2 14.08 16.57 2.13 9.41 8.40 9.91 6.75 27.8 34.0 - 15.5 13.1 9.6 1.70* Balanced
Australian Share Fund WST2 16.85 23.44 -5.29 8.46 16.38 11.13 8.88 98.2 - - - - 1.8 1.70* Australian share
Superannuation LifeBuilder, Wealth Portfolio, Superplan, SuperFlex## (LB, WP, SUPER1NI, SUPER2NI)
Capital Stable Primary Fund (Wealth Portfolio) CAPS 3.05 2.78 0.55 2.42 3.80 2.50 1.28 11.4 13.2 - 9.6 33.8 32.0 4.85 Capital stable
Capital Stable Growth Fund (Wealth Portfolio) CAPGS 6.25 5.95 3.66 5.59 7.03 5.67 4.42 11.4 13.2 - 9.6 33.8 32.0 1.85 Capital stable
Capital Stable Growth Plus Fund CAPGPS 6.73 6.41 4.03 6.09 7.49 6.12 4.87 11.4 13.2 - 9.6 33.8 32.0 1.40 Capital stable
Balanced Primary Fund (Wealth Portfolio) BALS 8.53 10.68 -2.03 4.61 4.84 5.16 2.88 28.5 34.4 - 14.4 13.1 9.6 4.85 Balanced
Balanced Growth Fund (Wealth Portfolio) BALGS 11.90 14.09 1.00 7.84 8.08 8.42 6.06 28.5 34.4 - 14.4 13.1 9.6 1.85 Balanced
Balanced Growth Plus Fund BALGPS 12.50 14.55 1.40 8.32 8.58 8.90 6.53 28.5 34.4 - 14.4 13.1 9.6 1.40 Balanced
Equity Profile Primary Fund (Wealth Portfolio) EQPS 9.90 13.22 -3.05 4.86 3.94 5.54 3.08 34.5 39.3 - 16.3 3.1 6.8 4.85 Growth
Equity Profile Growth Fund (Wealth Portfolio) EQPGS 13.32 16.71 -0.05 8.11 7.13 8.80 6.27 34.5 39.3 - 16.3 3.1 6.8 1.85 Growth
Equity Profile Growth Plus Fund EQPGPS 13.87 17.19 0.30 8.60 7.59 9.27 6.73 34.5 39.3 - 16.3 3.1 6.8 1.40 Growth
Capital Guaranteed CGSUP5 4.33 3.61 4.00 3.95 3.88 3.95 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Capital Guaranteed (Wealth Portfolio) CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Pru-Plan Superannuation "Unit-Linked", Pru-Plan Superannuation "PruLink"## (PRUPLANEQU, PRUPLANUL)
Equity Link Balanced Fund PLAN6S 11.94 14.03 0.99 7.79 8.06 8.39 5.85 28.5 34.4 - 14.4 13.1 9.6 1.85 Balanced
Pru-Plan Unit Linked Balanced Fund PLAN5S 12.03 14.12 0.99 7.79 8.06 8.43 5.87 28.5 34.4 - 14.4 13.1 9.6 1.85 Balanced
Capital Stable Growth Fund CAPGS 6.25 5.95 3.66 5.59 7.03 5.67 4.42 11.4 13.2 - 9.6 33.8 32.0 1.85 Capital stable
Equity Profile Growth Fund EQPGS 13.32 16.71 -0.05 8.11 7.13 8.80 6.27 34.5 39.3 - 16.3 3.1 6.8 1.85 Growth
Capital Guaranteed CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Investment performance and other important information
15
Product name and investment option nameInvestment option code
(PAS)
Yearly returns as at 30 June (%) 5 year compound
average return to 30 June
2014 (% p.a.)
10 year compound
average return to 30 June
2014 (% p.a.)
Asset allocation (%) as at 30 June 20141 Investment management
fees (% p.a.)2
Investment option objective
2014 2013 2012 2011 2010Australian
sharesInternational
sharesListed
property° Alternatives°°Fixed
interest°°°Cash
SuperBond 2000# (S2000)
Capital Guaranteed Cash Fund SSGB 1.06 1.67 2.66 3.27 2.41 2.21 3.02 - - - - - 100.0 1.50* Capital guaranteed cash
Managed Growth Fund SSMB 11.74 13.09 2.24 7.63 8.86 8.56 6.28 28.5 34.4 - 14.4 13.1 9.6 1.50* Balanced
TAP Allocated Annuity# (TAE2E, TAE2E+)
Capital Guaranteed Fund (non-participating)3 KST2 3.68 5.42 4.84 4.36 5.26 4.71 6.84 5.8 3.4 - 6.7 40.0 44.1 1.70* Capital guaranteed
Capital Guaranteed Cash Fund UWT2 1.34 2.03 3.28 3.90 2.92 2.69 3.60 - - - - - 100.0 1.70* Capital guaranteed cash
Australian Fixed Interest Fund XST2 6.22 2.86 8.51 5.68 8.72 6.38 5.69 - - - - 98.1 1.9 1.70* Fixed interest
Capital Secure Fund FGT2 7.62 7.31 4.74 7.00 7.88 6.87 5.75 11.0 13.1 - 10.0 33.8 32.1 1.70* Capital stable
Balanced Fund NST2 14.08 16.56 2.15 9.43 8.56 9.95 6.76 27.8 34.0 - 15.5 13.1 9.6 1.70* Balanced
Managed Growth Fund QST2 14.08 16.57 2.13 9.41 8.40 9.91 6.75 27.8 34.0 - 15.5 13.1 9.6 1.70* Balanced
Australian Share Fund WST2 16.85 23.44 -5.29 8.46 16.38 11.13 8.88 98.2 - - - - 1.8 1.70* Australian share
Superannuation LifeBuilder, Wealth Portfolio, Superplan, SuperFlex## (LB, WP, SUPER1NI, SUPER2NI)
Capital Stable Primary Fund (Wealth Portfolio) CAPS 3.05 2.78 0.55 2.42 3.80 2.50 1.28 11.4 13.2 - 9.6 33.8 32.0 4.85 Capital stable
Capital Stable Growth Fund (Wealth Portfolio) CAPGS 6.25 5.95 3.66 5.59 7.03 5.67 4.42 11.4 13.2 - 9.6 33.8 32.0 1.85 Capital stable
Capital Stable Growth Plus Fund CAPGPS 6.73 6.41 4.03 6.09 7.49 6.12 4.87 11.4 13.2 - 9.6 33.8 32.0 1.40 Capital stable
Balanced Primary Fund (Wealth Portfolio) BALS 8.53 10.68 -2.03 4.61 4.84 5.16 2.88 28.5 34.4 - 14.4 13.1 9.6 4.85 Balanced
Balanced Growth Fund (Wealth Portfolio) BALGS 11.90 14.09 1.00 7.84 8.08 8.42 6.06 28.5 34.4 - 14.4 13.1 9.6 1.85 Balanced
Balanced Growth Plus Fund BALGPS 12.50 14.55 1.40 8.32 8.58 8.90 6.53 28.5 34.4 - 14.4 13.1 9.6 1.40 Balanced
Equity Profile Primary Fund (Wealth Portfolio) EQPS 9.90 13.22 -3.05 4.86 3.94 5.54 3.08 34.5 39.3 - 16.3 3.1 6.8 4.85 Growth
Equity Profile Growth Fund (Wealth Portfolio) EQPGS 13.32 16.71 -0.05 8.11 7.13 8.80 6.27 34.5 39.3 - 16.3 3.1 6.8 1.85 Growth
Equity Profile Growth Plus Fund EQPGPS 13.87 17.19 0.30 8.60 7.59 9.27 6.73 34.5 39.3 - 16.3 3.1 6.8 1.40 Growth
Capital Guaranteed CGSUP5 4.33 3.61 4.00 3.95 3.88 3.95 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Capital Guaranteed (Wealth Portfolio) CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Pru-Plan Superannuation "Unit-Linked", Pru-Plan Superannuation "PruLink"## (PRUPLANEQU, PRUPLANUL)
Equity Link Balanced Fund PLAN6S 11.94 14.03 0.99 7.79 8.06 8.39 5.85 28.5 34.4 - 14.4 13.1 9.6 1.85 Balanced
Pru-Plan Unit Linked Balanced Fund PLAN5S 12.03 14.12 0.99 7.79 8.06 8.43 5.87 28.5 34.4 - 14.4 13.1 9.6 1.85 Balanced
Capital Stable Growth Fund CAPGS 6.25 5.95 3.66 5.59 7.03 5.67 4.42 11.4 13.2 - 9.6 33.8 32.0 1.85 Capital stable
Equity Profile Growth Fund EQPGS 13.32 16.71 -0.05 8.11 7.13 8.80 6.27 34.5 39.3 - 16.3 3.1 6.8 1.85 Growth
Capital Guaranteed CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
See notes on page 23.
16
Product name and investment option nameInvestment option code
(PAS)
Yearly returns as at 30 June (%) 5 year compound
average return to 30 June
2014 (% p.a.)
10 year compound
average return to 30 June
2014 (% p.a.)
Asset allocation (%) as at 30 June 20141 Investment management
fees (% p.a.)2
Investment option objective
2014 2013 2012 2011 2010Australian
sharesInternational
sharesListed
property° Alternatives°°Fixed
interest°°°Cash
Pru-Plan Plus## (PRUPLAN+)
Capital Stable Growth Plus Fund CAPGPS 6.73 6.41 4.03 6.09 7.49 6.12 4.87 11.4 13.2 - 9.6 33.8 32.0 1.40 Capital stable
Capital Stable Growth Fund CAPGS 6.25 5.95 3.66 5.59 7.03 5.67 4.42 11.4 13.2 - 9.6 33.8 32.0 1.85 Capital stable
Balanced Growth Plus Fund BALGPS 12.50 14.55 1.40 8.32 8.58 8.90 6.53 28.5 34.4 - 14.4 13.1 9.6 1.40 Balanced
Balanced Growth Fund BALGS 11.90 14.09 1.00 7.84 8.08 8.42 6.06 28.5 34.4 - 14.4 13.1 9.6 1.85 Balanced
Equity Profile Growth Plus Fund EQPGPS 13.87 17.19 0.30 8.60 7.59 9.27 6.73 34.5 39.3 - 16.3 3.1 6.8 1.40 Growth
Equity Profile Growth Fund EQPGS 13.32 16.71 -0.05 8.11 7.13 8.80 6.27 34.5 39.3 - 16.3 3.1 6.8 1.85 Growth
Capital Guaranteed CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Capital Guaranteed – Primary CGSUP2 1.32 0.62 1.00 0.95 0.89 3.96 1.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Capital Guaranteed CGSUP5 4.33 3.61 4.00 3.95 3.88 3.95 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
-Pru–Plan (MK1 and MK2)## (PRUPLAN1, PRUPLAN2)
Capital Guaranteed CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Capital Guaranteed (MK2) CGSUP3 0.00 0.00 0.00 0.00 0.00 3.96 0.13 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Capital Guaranteed CGSUP4 4.33 3.61 4.00 3.95 3.88 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Superannuation Bond (Capital Guaranteed Bond), Deferred Annuity (XAETBNDS, AETDEFANN)
Capital Guaranteed CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Superannuation Bond (Managed PruBond)##, Rollover Plan Goldseal# (PRUBONDM, GSC)
Balanced Fund BOND5S 12.49 14.46 1.50 8.32 8.61 8.91 6.54 28.5 34.4 - 14.4 13.1 9.6 1.40 Balanced
Capital Guaranteed Cash Fund SCPFSG 1.16 1.76 2.76 3.38 2.55 2.32 3.11 - - - - - 100.0 1.40 Capital guaranteed cash
Capital Stable Fund SCPSSG 6.72 6.40 4.08 6.07 7.50 6.13 4.88 11.4 13.2 - 9.6 33.8 32.0 1.40 Capital stable
Equity Profile Fund SEPSG 13.89 17.21 0.39 8.56 7.59 9.28 6.74 34.5 39.3 - 16.3 3.1 6.8 1.40 Growth
Capital Guaranteed CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Superannuation Bond (Multi-Bond)## (INVBOND1)
Balanced Fund BALI-S 11.97 14.09 1.07 7.79 8.03 8.42 6.06 28.5 34.4 - 14.4 13.1 9.6 1.85 Balanced
Capital Guaranteed Cash Fund CAPFSG 0.71 1.31 2.30 2.90 2.04 1.85 2.64 - - - - - 100.0 1.85 Capital guaranteed cash
Capital Stable Fund ('91) CAPSSG 6.25 5.95 3.62 5.58 7.02 5.67 4.42 11.4 13.2 - 9.6 33.8 32.0 1.85 Capital stable
Equity Profile Fund EPSG 13.40 16.77 -0.10 8.10 7.12 8.81 6.28 34.5 39.3 - 16.3 3.1 6.8 1.85 Growth
Capital Guaranteed CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Rollover Plan ‘S’ Series ('91 and '92), Superannuation Bond ‘S’ Series ('91 and '92)## (ROLLOVER, ROLLOVER92, SBOND-S92, SBOND-S)
Capital Guaranteed Cash Fund SCPFSG 1.16 1.76 2.76 3.38 2.55 2.32 3.11 - - - - - 100.0 1.40 Capital guaranteed cash
Capital Stable Fund ('91) SCPSSG 6.72 6.40 4.08 6.07 7.50 6.13 4.88 11.4 13.2 - 9.6 33.8 32.0 1.40 Capital stable
Capital Stable Fund ('92) SCS2SG 6.72 6.41 4.08 6.06 7.47 6.12 4.87 11.4 13.2 - 9.6 33.8 32.0 1.40 Capital stable
Balanced Fund SBALSG 12.49 14.57 1.45 8.22 8.58 8.89 6.54 28.5 34.4 - 14.4 13.1 9.6 1.40 Balanced
Equity Profile Fund SEPSG 13.89 17.21 0.39 8.56 7.59 9.28 6.74 34.5 39.3 - 16.3 3.1 6.8 1.40 Growth
Capital Guaranteed (Superannuation Bond ‘S’ Series) CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 1.40 Capital guaranteed cash
Investment performance and other important information
17
Product name and investment option nameInvestment option code
(PAS)
Yearly returns as at 30 June (%) 5 year compound
average return to 30 June
2014 (% p.a.)
10 year compound
average return to 30 June
2014 (% p.a.)
Asset allocation (%) as at 30 June 20141 Investment management
fees (% p.a.)2
Investment option objective
2014 2013 2012 2011 2010Australian
sharesInternational
sharesListed
property° Alternatives°°Fixed
interest°°°Cash
Pru-Plan Plus## (PRUPLAN+)
Capital Stable Growth Plus Fund CAPGPS 6.73 6.41 4.03 6.09 7.49 6.12 4.87 11.4 13.2 - 9.6 33.8 32.0 1.40 Capital stable
Capital Stable Growth Fund CAPGS 6.25 5.95 3.66 5.59 7.03 5.67 4.42 11.4 13.2 - 9.6 33.8 32.0 1.85 Capital stable
Balanced Growth Plus Fund BALGPS 12.50 14.55 1.40 8.32 8.58 8.90 6.53 28.5 34.4 - 14.4 13.1 9.6 1.40 Balanced
Balanced Growth Fund BALGS 11.90 14.09 1.00 7.84 8.08 8.42 6.06 28.5 34.4 - 14.4 13.1 9.6 1.85 Balanced
Equity Profile Growth Plus Fund EQPGPS 13.87 17.19 0.30 8.60 7.59 9.27 6.73 34.5 39.3 - 16.3 3.1 6.8 1.40 Growth
Equity Profile Growth Fund EQPGS 13.32 16.71 -0.05 8.11 7.13 8.80 6.27 34.5 39.3 - 16.3 3.1 6.8 1.85 Growth
Capital Guaranteed CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Capital Guaranteed – Primary CGSUP2 1.32 0.62 1.00 0.95 0.89 3.96 1.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Capital Guaranteed CGSUP5 4.33 3.61 4.00 3.95 3.88 3.95 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
-Pru–Plan (MK1 and MK2)## (PRUPLAN1, PRUPLAN2)
Capital Guaranteed CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Capital Guaranteed (MK2) CGSUP3 0.00 0.00 0.00 0.00 0.00 3.96 0.13 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Capital Guaranteed CGSUP4 4.33 3.61 4.00 3.95 3.88 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Superannuation Bond (Capital Guaranteed Bond), Deferred Annuity (XAETBNDS, AETDEFANN)
Capital Guaranteed CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Superannuation Bond (Managed PruBond)##, Rollover Plan Goldseal# (PRUBONDM, GSC)
Balanced Fund BOND5S 12.49 14.46 1.50 8.32 8.61 8.91 6.54 28.5 34.4 - 14.4 13.1 9.6 1.40 Balanced
Capital Guaranteed Cash Fund SCPFSG 1.16 1.76 2.76 3.38 2.55 2.32 3.11 - - - - - 100.0 1.40 Capital guaranteed cash
Capital Stable Fund SCPSSG 6.72 6.40 4.08 6.07 7.50 6.13 4.88 11.4 13.2 - 9.6 33.8 32.0 1.40 Capital stable
Equity Profile Fund SEPSG 13.89 17.21 0.39 8.56 7.59 9.28 6.74 34.5 39.3 - 16.3 3.1 6.8 1.40 Growth
Capital Guaranteed CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Superannuation Bond (Multi-Bond)## (INVBOND1)
Balanced Fund BALI-S 11.97 14.09 1.07 7.79 8.03 8.42 6.06 28.5 34.4 - 14.4 13.1 9.6 1.85 Balanced
Capital Guaranteed Cash Fund CAPFSG 0.71 1.31 2.30 2.90 2.04 1.85 2.64 - - - - - 100.0 1.85 Capital guaranteed cash
Capital Stable Fund ('91) CAPSSG 6.25 5.95 3.62 5.58 7.02 5.67 4.42 11.4 13.2 - 9.6 33.8 32.0 1.85 Capital stable
Equity Profile Fund EPSG 13.40 16.77 -0.10 8.10 7.12 8.81 6.28 34.5 39.3 - 16.3 3.1 6.8 1.85 Growth
Capital Guaranteed CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Rollover Plan ‘S’ Series ('91 and '92), Superannuation Bond ‘S’ Series ('91 and '92)## (ROLLOVER, ROLLOVER92, SBOND-S92, SBOND-S)
Capital Guaranteed Cash Fund SCPFSG 1.16 1.76 2.76 3.38 2.55 2.32 3.11 - - - - - 100.0 1.40 Capital guaranteed cash
Capital Stable Fund ('91) SCPSSG 6.72 6.40 4.08 6.07 7.50 6.13 4.88 11.4 13.2 - 9.6 33.8 32.0 1.40 Capital stable
Capital Stable Fund ('92) SCS2SG 6.72 6.41 4.08 6.06 7.47 6.12 4.87 11.4 13.2 - 9.6 33.8 32.0 1.40 Capital stable
Balanced Fund SBALSG 12.49 14.57 1.45 8.22 8.58 8.89 6.54 28.5 34.4 - 14.4 13.1 9.6 1.40 Balanced
Equity Profile Fund SEPSG 13.89 17.21 0.39 8.56 7.59 9.28 6.74 34.5 39.3 - 16.3 3.1 6.8 1.40 Growth
Capital Guaranteed (Superannuation Bond ‘S’ Series) CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 1.40 Capital guaranteed cash
See notes on page 23.
18
Product name and investment option nameInvestment option code
(PAS)
Yearly returns as at 30 June (%) 5 year compound
average return to 30 June
2014 (% p.a.)
10 year compound
average return to 30 June
2014 (% p.a.)
Asset allocation (%) as at 30 June 20141 Investment management
fees (% p.a.)2
Investment option objective
2014 2013 2012 2011 2010Australian
sharesInternational
sharesListed
property° Alternatives°°Fixed
interest°°°Cash
Roll-over Plan ('91 and '92), Superannuation Bond ('91 and '92)## (ROLLOVER, ROLLOVER92, BOND-S, BOND-S92)
Balanced Fund BALASG 12.00 14.10 1.00 7.80 8.11 8.43 6.06 28.5 34.4 - 14.4 13.1 9.6 1.85 Balanced
Capital Guaranteed Cash Fund CAPFSG 0.71 1.31 2.30 2.90 2.04 1.85 2.64 - - - - - 100.0 1.85 Capital guaranteed cash
Capital Stable Fund ('91) CAPSSG 6.25 5.95 3.62 5.58 7.02 5.67 4.42 11.4 13.2 - 9.6 33.8 32.0 1.85 Capital Stable
Capital Stable Fund ('92) CS2SG 6.27 5.97 3.61 5.58 7.01 5.66 4.42 11.4 13.2 - 9.6 33.8 32.0 1.85 Capital Stable
Equity Profile Fund EPSG 13.40 16.77 -0.10 8.10 7.12 8.81 6.28 34.5 39.3 - 16.3 3.1 6.8 1.85 Growth
Capital Guaranteed CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Rollover and Super Bond 93## (ROLLOVER93, SB93)
Cash Fund FI93SG 0.61 1.20 2.19 2.80 1.95 1.75 2.55 - - - - - 100.0 1.95 Capital guaranteed cash
Capital Stable Fund CS93SG 6.14 5.85 3.52 5.48 6.95 5.56 4.31 11.4 13.2 - 9.6 33.8 32.0 1.95 Capital stable
Balanced Fund B93SG 11.78 13.97 0.92 7.72 7.99 8.31 5.95 28.5 34.4 - 14.4 13.1 9.6 1.95 Balanced
Equity Profile Fund EP93SG 13.27 16.57 -0.15 8.03 7.02 8.71 6.17 34.5 39.3 - 16.3 3.1 6.8 1.95 Growth
Capital Guaranteed CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Personal SuperCARE Bond (PSCB), Personal SuperCARE (PSC), SuperGuaranteeCARE (SGC)##
Capital Guaranteed Fund (non-participating) (PSCB and PSC)3 PC 3.18 2.43 1.34 1.50 1.27 1.94 3.30 5.8 3.3 - 6.7 40.2 44.0 2.40 Capital guaranteed
Capital Guaranteed Fund (non-participating) (SCG)3 GC 3.18 2.43 1.34 1.50 1.27 1.94 3.30 5.8 3.3 - 6.7 40.2 44.0 2.40 Capital guaranteed
Retirement Saver, Retirement Saver Series 2, Retirement Saver Plus## (RETIREMENT, RETIREMENT2, RETIREPLUS)
Capital Guaranteed Fund (non-participating)3 BK 3.54 2.69 2.65 3.16 2.42 2.89 4.34 5.8 3.3 - 6.7 40.2 44.0 1.85 Capital guaranteed
Capital Guaranteed Cash Fund UK 0.70 1.27 2.32 2.70 2.34 1.86 2.64 - - - - - 100.0 1.85 Capital guaranteed cash
Capital Secure Fund FK 6.23 5.90 3.61 5.64 7.07 5.68 4.39 11.4 13.2 - 9.6 33.8 32.0 1.85 Capital stable
Balanced Fund NK 11.91 14.04 0.98 7.94 8.17 8.41 6.05 28.5 34.4 - 14.4 13.1 9.6 1.85 Balanced
Managed Growth Fund (Retirement Saver) CK 11.97 14.06 0.92 7.96 7.69 8.42 6.05 28.5 34.4 - 14.4 13.1 9.6 1.85 Balanced
Managed Growth Fund (Series 2 and Plus) QK 11.96 14.02 0.97 7.65 8.26 8.39 6.04 28.5 34.4 - 14.4 13.1 9.6 1.85 Balanced
SuperWise – Series 4 and 5## (SUPERWISE4, SUPERWISE5)
Capital Guaranteed Fund (non-participating)3 K 3.18 2.43 1.34 1.68 0.82 1.89 3.13 5.8 3.3 - 6.7 40.2 44.0 2.85 Capital guaranteed
Capital Guaranteed Cash Fund (Series 5) UQ 0.00 0.33 1.33 1.72 1.26 0.93 1.62 - - - - - 100.0 2.85 Capital guaranteed cash
Capital Secure Fund (Series 5) FQ 5.19 4.86 2.59 4.40 6.34 4.57 3.39 11.4 13.2 - 9.6 33.8 32.0 2.85 Capital stable
Managed Growth Fund CQ 10.87 12.93 -0.01 6.58 7.22 7.35 5.00 28.5 34.4 - 14.4 13.1 9.6 2.85 Balanced
SuperLink, SuperLink Plus – Series 2 and 3## (SL1, SL2, SLS3)
Managed Growth Fund (SuperLink and Series 2) CL 13.52 15.58 2.35 9.28 9.55 9.88 7.51 28.5 34.4 - 14.4 13.1 9.6 0.48 Balanced
Managed Growth Fund (Series 3) S 12.29 14.44 1.35 8.20 8.45 8.78 6.42 28.5 34.4 - 14.4 13.1 9.6 1.50 Balanced
Managed Investment SuperPlan, Managed Personal SuperPlan## (MIP1, MIP3, MISPP)
Capital Guaranteed Cash Fund (Early Series/Late Series)SG_PROT,
SG_UNPROT1.08 1.68 2.66 3.32 2.40 2.22 3.02 - - - - - 100.0 1.50 Capital guaranteed cash
Managed Growth Fund (Early Series/Late Series)SM_PROT,
SM_UNPROT12.39 14.47 1.32 8.12 8.53 8.78 6.45 28.5 34.4 - 14.4 13.1 9.6 1.50 Balanced
Investment performance and other important information
19
Product name and investment option nameInvestment option code
(PAS)
Yearly returns as at 30 June (%) 5 year compound
average return to 30 June
2014 (% p.a.)
10 year compound
average return to 30 June
2014 (% p.a.)
Asset allocation (%) as at 30 June 20141 Investment management
fees (% p.a.)2
Investment option objective
2014 2013 2012 2011 2010Australian
sharesInternational
sharesListed
property° Alternatives°°Fixed
interest°°°Cash
Roll-over Plan ('91 and '92), Superannuation Bond ('91 and '92)## (ROLLOVER, ROLLOVER92, BOND-S, BOND-S92)
Balanced Fund BALASG 12.00 14.10 1.00 7.80 8.11 8.43 6.06 28.5 34.4 - 14.4 13.1 9.6 1.85 Balanced
Capital Guaranteed Cash Fund CAPFSG 0.71 1.31 2.30 2.90 2.04 1.85 2.64 - - - - - 100.0 1.85 Capital guaranteed cash
Capital Stable Fund ('91) CAPSSG 6.25 5.95 3.62 5.58 7.02 5.67 4.42 11.4 13.2 - 9.6 33.8 32.0 1.85 Capital Stable
Capital Stable Fund ('92) CS2SG 6.27 5.97 3.61 5.58 7.01 5.66 4.42 11.4 13.2 - 9.6 33.8 32.0 1.85 Capital Stable
Equity Profile Fund EPSG 13.40 16.77 -0.10 8.10 7.12 8.81 6.28 34.5 39.3 - 16.3 3.1 6.8 1.85 Growth
Capital Guaranteed CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Rollover and Super Bond 93## (ROLLOVER93, SB93)
Cash Fund FI93SG 0.61 1.20 2.19 2.80 1.95 1.75 2.55 - - - - - 100.0 1.95 Capital guaranteed cash
Capital Stable Fund CS93SG 6.14 5.85 3.52 5.48 6.95 5.56 4.31 11.4 13.2 - 9.6 33.8 32.0 1.95 Capital stable
Balanced Fund B93SG 11.78 13.97 0.92 7.72 7.99 8.31 5.95 28.5 34.4 - 14.4 13.1 9.6 1.95 Balanced
Equity Profile Fund EP93SG 13.27 16.57 -0.15 8.03 7.02 8.71 6.17 34.5 39.3 - 16.3 3.1 6.8 1.95 Growth
Capital Guaranteed CGSUP1 4.33 3.61 4.00 3.95 3.89 3.96 4.82 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Personal SuperCARE Bond (PSCB), Personal SuperCARE (PSC), SuperGuaranteeCARE (SGC)##
Capital Guaranteed Fund (non-participating) (PSCB and PSC)3 PC 3.18 2.43 1.34 1.50 1.27 1.94 3.30 5.8 3.3 - 6.7 40.2 44.0 2.40 Capital guaranteed
Capital Guaranteed Fund (non-participating) (SCG)3 GC 3.18 2.43 1.34 1.50 1.27 1.94 3.30 5.8 3.3 - 6.7 40.2 44.0 2.40 Capital guaranteed
Retirement Saver, Retirement Saver Series 2, Retirement Saver Plus## (RETIREMENT, RETIREMENT2, RETIREPLUS)
Capital Guaranteed Fund (non-participating)3 BK 3.54 2.69 2.65 3.16 2.42 2.89 4.34 5.8 3.3 - 6.7 40.2 44.0 1.85 Capital guaranteed
Capital Guaranteed Cash Fund UK 0.70 1.27 2.32 2.70 2.34 1.86 2.64 - - - - - 100.0 1.85 Capital guaranteed cash
Capital Secure Fund FK 6.23 5.90 3.61 5.64 7.07 5.68 4.39 11.4 13.2 - 9.6 33.8 32.0 1.85 Capital stable
Balanced Fund NK 11.91 14.04 0.98 7.94 8.17 8.41 6.05 28.5 34.4 - 14.4 13.1 9.6 1.85 Balanced
Managed Growth Fund (Retirement Saver) CK 11.97 14.06 0.92 7.96 7.69 8.42 6.05 28.5 34.4 - 14.4 13.1 9.6 1.85 Balanced
Managed Growth Fund (Series 2 and Plus) QK 11.96 14.02 0.97 7.65 8.26 8.39 6.04 28.5 34.4 - 14.4 13.1 9.6 1.85 Balanced
SuperWise – Series 4 and 5## (SUPERWISE4, SUPERWISE5)
Capital Guaranteed Fund (non-participating)3 K 3.18 2.43 1.34 1.68 0.82 1.89 3.13 5.8 3.3 - 6.7 40.2 44.0 2.85 Capital guaranteed
Capital Guaranteed Cash Fund (Series 5) UQ 0.00 0.33 1.33 1.72 1.26 0.93 1.62 - - - - - 100.0 2.85 Capital guaranteed cash
Capital Secure Fund (Series 5) FQ 5.19 4.86 2.59 4.40 6.34 4.57 3.39 11.4 13.2 - 9.6 33.8 32.0 2.85 Capital stable
Managed Growth Fund CQ 10.87 12.93 -0.01 6.58 7.22 7.35 5.00 28.5 34.4 - 14.4 13.1 9.6 2.85 Balanced
SuperLink, SuperLink Plus – Series 2 and 3## (SL1, SL2, SLS3)
Managed Growth Fund (SuperLink and Series 2) CL 13.52 15.58 2.35 9.28 9.55 9.88 7.51 28.5 34.4 - 14.4 13.1 9.6 0.48 Balanced
Managed Growth Fund (Series 3) S 12.29 14.44 1.35 8.20 8.45 8.78 6.42 28.5 34.4 - 14.4 13.1 9.6 1.50 Balanced
Managed Investment SuperPlan, Managed Personal SuperPlan## (MIP1, MIP3, MISPP)
Capital Guaranteed Cash Fund (Early Series/Late Series)SG_PROT,
SG_UNPROT1.08 1.68 2.66 3.32 2.40 2.22 3.02 - - - - - 100.0 1.50 Capital guaranteed cash
Managed Growth Fund (Early Series/Late Series)SM_PROT,
SM_UNPROT12.39 14.47 1.32 8.12 8.53 8.78 6.45 28.5 34.4 - 14.4 13.1 9.6 1.50 Balanced
See notes on page 23.
20
Product name and investment option nameInvestment option code
(PAS)
Yearly returns as at 30 June (%) 5 year compound
average return to 30 June
2014 (% p.a.)
10 year compound
average return to 30 June
2014 (% p.a.)
Asset allocation (%) as at 30 June 20141 Investment management
fees (% p.a.)2
Investment option objective
2014 2013 2012 2011 2010Australian
sharesInternational
sharesListed
property° Alternatives°°Fixed
interest°°°Cash
SuperUnits## (SU)
Managed Growth Fund SU 13.42 15.63 2.40 9.27 9.56 9.88 7.73 28.5 34.4 - 14.4 13.1 9.6 0.48* Balanced
CPSL Wholesale Superannuation Business# (PRUES)
Capital Safe Fund SCAPSF, SCAPSF03 7.52 7.30 4.89 6.86 8.34 6.96 5.69 11.4 13.2 - 9.6 33.8 32.0 0.625 Capital stable
Capital Guaranteed Fund (non-participating)3 SCOLFG 5.04 4.28 3.19 3.53 2.69 3.74 4.92 5.8 3.3 - 6.7 40.2 44.0 0.50 Capital guaranteed
Capital Guaranteed Fund (participating)3,4 SCPGTD 5.98 5.02 5.73 5.71 5.67 5.62 6.60 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Balanced Fund SDISCR 13.37 15.45 2.21 9.11 9.41 9.74 7.36 28.5 34.4 - 14.4 13.1 9.6 0.625 Balanced
Growth Fund SGRWTH 14.76 18.08 1.16 9.40 8.41 10.12 7.57 34.5 39.3 - 16.3 3.1 6.8 0.625 Growth
Capital Guaranteed Cash Fund SPACAS 2.33 2.94 3.95 4.58 3.69 3.49 4.14 - - - - - 100.0 0.25 Capital guaranteed cash
Australian Equity Fund SPAEQU 16.48 21.87 -4.13 8.50 15.70 11.00 10.03 98.6 - - - - 1.4 0.60 Australian shares
Australian Fixed Interest Fund SPAFIX 6.17 3.31 8.24 5.72 8.78 6.43 5.78 - - - - 99.0 1.0 0.50 Fixed interest
International Equity Fund SPIEQU 18.60 26.55 -1.04 10.09 8.30 12.32 4.43 - 98.4 - - - 1.6 0.60 International shares
CPSL Wholesale Exempt Business# (PRUINO)
Capital Safe FundECAPSF, ECAPSF03,
FECAPSF8.78 8.45 5.88 8.13 9.00 8.01 6.86 11.0 13.1 - 10.0 33.8 32.1 0.625 Capital stable
Capital Guaranteed Fund (participating)3,4 ECPGTD, FECPGTD 7.43 6.91 7.11 5.73 4.54 6.34 7.18 6.8 4.8 - 8.5 70.3 9.6 N/A** Capital guaranteed
Balanced Fund EDISCR, FEDISCR 15.28 17.80 3.24 10.57 9.72 11.11 7.90 27.8 34.0 - 15.5 13.1 9.6 0.625 Balanced
Growth FundEGRWTH, FEGRWTH
16.81 20.65 1.69 11.19 9.71 11.71 8.23 34.6 39.4 - 15.7 3.0 7.3 0.625 Growth
Capital Guaranteed Cash Fund EPACAS, FEPACAS 2.78 3.48 4.71 5.37 4.44 4.15 5.10 - - - - - 100.0 0.25 Capital guaranteed cash
Australian Equity Fund EPAEQU, FEPAEQU 18.11 24.77 -4.27 9.66 17.64 12.34 10.05 98.2 - - - - 1.8 0.60 Australian shares
Australian Fixed Interest Fund EPAFIX, FEPAFIX 7.49 4.06 9.83 6.97 9.98 7.64 6.95 - - - - 98.1 1.9 0.50 Fixed interest
Property Fund EPAPRO 12.77 13.57 7.14 12.76 12.16 11.66 5.97 - - 100.0 - - - 0.80 Property
International Equity Fund EPIEQU, FEPIEQU 20.27 27.92 0.59 12.22 9.48 13.92 5.28 - 98.1 - - - 1.9 0.60 International shares
CPSL Wholesale Non Superannuation Business# (PRUINO)
Balanced Fund ODISCR 10.76 12.07 1.97 7.18 7.62 7.82 5.71 28.4 34.0 - 13.8 13.1 10.7 0.625 Balanced
CPSL Wholesale Superannuation Business (SGIC Business Class Superannuation)# (PRUINO)
Capital Guaranteed Fund (non-participating)3 SGICCG 3.45 6.21 5.61 6.32 3.39 4.99 6.28 5.8 3.3 - 6.7 40.2 44.0 1.70 Capital guaranteed
Investment performance and other important information
21
Product name and investment option nameInvestment option code
(PAS)
Yearly returns as at 30 June (%) 5 year compound
average return to 30 June
2014 (% p.a.)
10 year compound
average return to 30 June
2014 (% p.a.)
Asset allocation (%) as at 30 June 20141 Investment management
fees (% p.a.)2
Investment option objective
2014 2013 2012 2011 2010Australian
sharesInternational
sharesListed
property° Alternatives°°Fixed
interest°°°Cash
SuperUnits## (SU)
Managed Growth Fund SU 13.42 15.63 2.40 9.27 9.56 9.88 7.73 28.5 34.4 - 14.4 13.1 9.6 0.48* Balanced
CPSL Wholesale Superannuation Business# (PRUES)
Capital Safe Fund SCAPSF, SCAPSF03 7.52 7.30 4.89 6.86 8.34 6.96 5.69 11.4 13.2 - 9.6 33.8 32.0 0.625 Capital stable
Capital Guaranteed Fund (non-participating)3 SCOLFG 5.04 4.28 3.19 3.53 2.69 3.74 4.92 5.8 3.3 - 6.7 40.2 44.0 0.50 Capital guaranteed
Capital Guaranteed Fund (participating)3,4 SCPGTD 5.98 5.02 5.73 5.71 5.67 5.62 6.60 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed
Balanced Fund SDISCR 13.37 15.45 2.21 9.11 9.41 9.74 7.36 28.5 34.4 - 14.4 13.1 9.6 0.625 Balanced
Growth Fund SGRWTH 14.76 18.08 1.16 9.40 8.41 10.12 7.57 34.5 39.3 - 16.3 3.1 6.8 0.625 Growth
Capital Guaranteed Cash Fund SPACAS 2.33 2.94 3.95 4.58 3.69 3.49 4.14 - - - - - 100.0 0.25 Capital guaranteed cash
Australian Equity Fund SPAEQU 16.48 21.87 -4.13 8.50 15.70 11.00 10.03 98.6 - - - - 1.4 0.60 Australian shares
Australian Fixed Interest Fund SPAFIX 6.17 3.31 8.24 5.72 8.78 6.43 5.78 - - - - 99.0 1.0 0.50 Fixed interest
International Equity Fund SPIEQU 18.60 26.55 -1.04 10.09 8.30 12.32 4.43 - 98.4 - - - 1.6 0.60 International shares
CPSL Wholesale Exempt Business# (PRUINO)
Capital Safe FundECAPSF, ECAPSF03,
FECAPSF8.78 8.45 5.88 8.13 9.00 8.01 6.86 11.0 13.1 - 10.0 33.8 32.1 0.625 Capital stable
Capital Guaranteed Fund (participating)3,4 ECPGTD, FECPGTD 7.43 6.91 7.11 5.73 4.54 6.34 7.18 6.8 4.8 - 8.5 70.3 9.6 N/A** Capital guaranteed
Balanced Fund EDISCR, FEDISCR 15.28 17.80 3.24 10.57 9.72 11.11 7.90 27.8 34.0 - 15.5 13.1 9.6 0.625 Balanced
Growth FundEGRWTH, FEGRWTH
16.81 20.65 1.69 11.19 9.71 11.71 8.23 34.6 39.4 - 15.7 3.0 7.3 0.625 Growth
Capital Guaranteed Cash Fund EPACAS, FEPACAS 2.78 3.48 4.71 5.37 4.44 4.15 5.10 - - - - - 100.0 0.25 Capital guaranteed cash
Australian Equity Fund EPAEQU, FEPAEQU 18.11 24.77 -4.27 9.66 17.64 12.34 10.05 98.2 - - - - 1.8 0.60 Australian shares
Australian Fixed Interest Fund EPAFIX, FEPAFIX 7.49 4.06 9.83 6.97 9.98 7.64 6.95 - - - - 98.1 1.9 0.50 Fixed interest
Property Fund EPAPRO 12.77 13.57 7.14 12.76 12.16 11.66 5.97 - - 100.0 - - - 0.80 Property
International Equity Fund EPIEQU, FEPIEQU 20.27 27.92 0.59 12.22 9.48 13.92 5.28 - 98.1 - - - 1.9 0.60 International shares
CPSL Wholesale Non Superannuation Business# (PRUINO)
Balanced Fund ODISCR 10.76 12.07 1.97 7.18 7.62 7.82 5.71 28.4 34.0 - 13.8 13.1 10.7 0.625 Balanced
CPSL Wholesale Superannuation Business (SGIC Business Class Superannuation)# (PRUINO)
Capital Guaranteed Fund (non-participating)3 SGICCG 3.45 6.21 5.61 6.32 3.39 4.99 6.28 5.8 3.3 - 6.7 40.2 44.0 1.70 Capital guaranteed
See notes on page 23.
22
Investment performance and other important information
Risk/return profile and investment objectives
International shares
To provide long term growth through investing predominately in overseas listed companies.
This investment option is suited to investors seeking high returns and who are prepared to accept volatility of returns.
This relates to a unit-linked product.
Australian shares
To provide long term capital growth through investing predominately in shares of Australian listed companies.
This investment option is suited to investors seeking high returns and who are prepared to accept volatility of returns.
This relates to a unit-linked product.
Growth
To provide significant growth from capital appreciation supported by income.
This investment option is suited to investors seeking high returns and who are prepared to accept volatility of returns.
This relates to a unit-linked product.
Managed growth (Balanced)
To provide income and growth with a focus on capital appreciation.
This investment option is weighted towards equity investments and is suited to investors who are prepared to accept volatility of returns.
This relates to a unit-linked product.
Property
To provide income and long-term capital growth through investment in property investments.
This investment option is suited to investors seeking the potential of high long term growth with some volatility over shorter time periods.
This relates to a unit-linked product.
Capital stable
To provide a reasonably high level of security and consistent returns.
This investment option is weighted towards fixed interest and cash investments and is suited to investors who want returns that are less volatile than options with a greater bias to growth investments.
This relates to a unit-linked product.
Fixed interest
To provide income with the potential for higher returns than cash through investment in fixed interest investments.
This investment option is suited to investors who want a reasonable level of security with the potential to provide higher returns than cash options.
This relates to a unit-linked product.
Capital guaranteed
To provide crediting rates, before tax and fees, in excess of inflation over rolling 3 year periods and provide security of capital.
This investment option is suited to investors who want a high degree of security.
This objective applies to investment account participating and investment account non-participating business.
Capital guaranteed cash
To provide the highest level of security.
This investment option is suited to investors who want a high degree of security.
This relates to a unit-linked product.
Hig
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ed
ium
/hig
h
All products included in this report are closed to new members. Switching is available between most investment options. CMLA would recommend you consult with your financial adviser for further information on switching your investment options.
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w/m
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Lo
w
23
Trustee’s investment objectives and strategiesThe investment strategy for all unit-linked products in the CSRF was changed from “Invest in Policies issued by CMLA as required by the governing rules of the Fund” to “Invest in appropriate investment vehicles to achieve the investment objective of the Fund’s products” effective 25th September, 2013. This change was as a result of regulatory reform.
The investment strategy for investment account products groups in the CSRF was changed from “Invest in Policies issued by CMLA as required by the governing rules of the Fund” to “Invest in appropriate Life Insurance Policies to achieve the investment objective of the Fund’s products” effective 25th September, 2013. This change was as a result of regulatory reform.
For members of Colonial Super Retirement Fund##
Product group within the Fund Investment objectives Investment strategies
Unit-linked products To provide a diversified range of investment options. Invest in appropriate Life Insurance Policies to achieve the investment objective of the Fund’s products.
Investment account participating business To meet the obligations of the Policies, which are broadly to provide an interest bearing capital guaranteed benefit on surrender, death or maturity.
Invest in appropriate Life Insurance Policies to achieve the investment objective of the Fund’s products.
Investment account non-participating business To meet the obligations of the Policies, which are broadly to provide an interest bearing capital guaranteed benefit on surrender, death or maturity.
Invest in appropriate Life Insurance Policies to achieve the investment objective of the Fund’s products.
Notes
1. For all investment options, the asset allocations and the assets in the product can vary at the investment manager’s discretion. The investment managers aim to maintain the assets of each investment option within the minimum and maximum ranges published. However, there may be times when an investment option’s asset allocation falls outside these ranges.
2. The investment management fee covers the costs of managing your investment options and includes investment and administration costs for the investment managers and the responsible entities of the underlying trusts in which CMLA invests. Custody and other costs are included in cases where these have not been deducted from the underlying assets. The fee is calculated as a percentage of the total assets of the investment option and varies from time to time. It is deducted from the investment option assets before the unit prices are calculated.
* For the options with an asterisk (*) against the fee, the fee is calculated as a percentage of your account value.
** No explicit investment management fee applies on this investment option. The returns shown are net of any expenses and CMLA’s share of profits on the underlying investments.
3. On those policies where the guaranteed rate is higher than the declared rate, the guaranteed rate would apply.
4. Participating capital guaranteed. Profits are distributed to policy holders through the declaration of bonus rates. No fees are allowed for in the determination of bonus rates. On those policies where the guaranteed rate is higher than the declared rate, the guaranteed rate would apply.
5. For pre 1 April 1984 Managed Investment Plan a rebate of 0.3% is refunded to policy holders via addition of units on a monthly basis.
# Superannuation and ordinary life products issued by CMLA.
## Superannuation products issued by the Trustee. The Trustee does not guarantee the accuracy or correctness of information relating to products not issued by it.
° Includes Australian and international listed property trusts (hedged).
°° Alternatives include private equity, infrastructure and direct property for all investment options except for Property, where alternatives invest in direct property only.
°°° Includes Australian and international bonds (hedged).
Enquiries 1800 631 600 or 13 17 78
8.30 am and 6 pm (Sydney time) Monday to Friday
Email [email protected]
Postal address The Colonial Mutual Life Assurance Society Limited GPO Box 3306 Sydney NSW 2001 or Locked Bag 5075 Parramatta NSW 2124
CLN
1900
010
914
Investment performance and other important information
For the year ending 30 June 2014Part 2
Colonial Mutual Superannuation Pty Ltd ABN 56 006 831 983 AFSL 235025 (the Trustee, we) and The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA) are both wholly owned non-guaranteed subsidiaries of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. This Investment performance and other important information relates to:• the superannuation products as identified as issued by the Trustee that form part of the Colonial Super Retirement Fund ABN 40 328 908 469 (CSRF, the
Fund); and• other superannuation and ordinary life products issued by CMLA.
Your Annual Statement is provided in two parts:
Part 1 – Annual Statement for the period 1 July 2013 to 30 June 2014.
Part 2 – Investment performance and other important information (this document).
If you have not received both parts, please call 1800 624 100 between 8.30 am and 6 pm (Sydney time), Monday to Friday.
For members of the Colonial Super Retirement Fund, this document also forms Part 2 of your Report to Members and should be read in conjunction with that document, which is available online after 30 September 2014 at:
commbank.com.au/superforms
To view, select your ‘annual report’.
Investment market commentaryInvestment market commentary is now available online at:
commbank.com.au/personal/financialplanning/investment-products/unitprices-and- performance.html
This commentary is updated on a quarterly basis.
Performance explained:How performance is calculated
Returns are net of investment management fees, taxes and charges (where applicable). Certain fees such as contribution, administration or withdrawal fees (if any) are not taken into account. Performance is calculated on the change in the withdrawal unit prices for the period ending 30 June 2014 corresponding to the investment timeframe indicated, or where applicable, the crediting rate for the relevant period.
Your return
Your individual net return provided in your Annual Statement may differ from the returns quoted in this document. Your individual net return depends on the timing of any transactions such as contributions, withdrawals, switches or unit adjustments during the period covered by the Annual Statement 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 during the period, the rate of return on your investment will differ from the net return quoted in this document.
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 is generally dependent on economic conditions, investment management and taxation laws. However, in some cases investment guarantees may apply to investment options.
Other important information
This document has been prepared for general information only, not having regard to your investment objectives, financial situation or needs. Because of this, you should consider the appropriateness of the information having regard to your own circumstances. Before making a decision to act on any of this information, financial advice specific to you is recommended. You should seek advice from your taxation adviser in relation to taxation matters.
Taxation considerations are general and based on present taxation laws and may be subject to change. You should seek independent, professional tax advice before making any decision based on this information. CMLA is also not a registered tax (financial) adviser under the Tax Agent Services Act 2009 and you should seek tax advice from a registered tax agent or a registered tax (financial) adviser if you intend to rely on this information to satisfy the liabilities or obligations or claim entitlements that arise, or could arise, under a taxation law.
For products administered on Life 400
Investment performance and other important information
2
Legislative ChangesProposed legislative changesThe federal government has recently announced a number of changes. Please note they have yet to be legislated and may change prior to becoming law.
Excess non-concessional contributions
The Government has proposed that individuals will have the option to withdraw contributions made from 1 July 2013 that exceed their non-concessional contributions cap including associated earnings.
If withdrawn, no excess contributions tax will be payable and any associated earnings will be taxed at the individual’s marginal tax rate.
Any excess non concessional contributions left in the Fund will be taxed at the top marginal tax rate on the amount of the excess.
Change to the schedule for increasing the superannuation guarantee (SG) rate to 12%
The SG rate will increase from 9.25% to 9.5% from 1 July 2014. The rate will remain at 9.5% until 30 June 2018, and subsequently increase by 0.5% every year until it reaches 12%, as the table indicates:
Financial year SG rate (%)
2014/15 9.5
2015/16 9.5
2016/17 9.5
2017/18 9.5
2018/19 10.0
2019/20 10.5
2020/21 11.0
2021/22 11.5
2022/23 12.0 Where your employer is already making contributions above the current SG minimum you will need to check what changes, if any, the employer may introduce as a consequence of the changes described.
Resetting the asset test deeming rate thresholds
From 20 September 2017, the Government will reset the deeming thresholds used in the pension assets test to $30,000 for singles and $50,000 for couples.
Current Proposed
Single $46,600 $30,000
Couples $77,400 $50,000
This measure effectively increases the amount of assessable income from deemed financial investments.
The proposal will impact the social security entitlements of income test affected pensioners and allowees.
Increase the Age Pension qualifying age to 70
From 1 July 2025, the Age Pension qualifying age will continue to rise by six months every two years, from the qualifying age of 67 years that will apply by that time, to gradually reach a qualifying age of 70 years by 1 July 2035. The table below sets the Age Pension eligibility age by date of birth.
Date of birth Qualifying age at Commencing from
1 July 1952 to 31 December 1953 65.5 1 July 2017
1 January 1954 to 30 June 1955 66 1 July 2019
1 July 1955 to 31 December 1956 66.5 1 July 2021
1 January 1957 to 30 June 1958 67 1 July 2023
1 July 1958 to 31 December 1959 67.5 1 July 2025
1 January 1960 to 30 June 1961 68 1 July 2027
1 July 1961 to 31 December 1962 68.5 1 July 2029
1 January 1963 to 30 June 1964 69 1 July 2031
1 July 1964 to 31 December 1965 69.5 1 July 2033
1 January 1966 onwards 70 1 July 2035
Age Pension indexation
From September 2017, indexation increases in the Age Pension will be linked to the Consumer Price Index (CPI), rather than the higher of the increase in CPI, Male Total Average Weekly Earnings or the Pension and Beneficiary Living Cost Index.
Reduction in company tax rate
The company tax rate is proposed to be reduced by 1.5% to 28.5% from 1 July 2015.
For companies earning more than $5,000,000 in taxable income, this proposed reduction may be offset by the 1.5% levy to fund the paid parental leave scheme which is also proposed to commence from 1 July 2015.
Legislated changes These changes are legislated and, depending on your individual circumstances, may have an impact on you.
Medicare Levy increase
From 1 July 2014, the Government will increase the Medicare Levy from 1.5% to 2% of taxable income to provide funding for DisabilityCare Australia, the national disability insurance scheme.
The current exemptions from the Medicare Levy will remain in place.
3
Change of name for Department of Immigration
The Department of Immigration and Citizenship (DIAC) is now known as the Department of Immigration and Border Protection (DIBP). Temporary visa holders exiting Australia will need to request that DIBP stamp their passport at the time they depart Australia. If you are a temporary resident, who plans to leave Australia, whose superannuation account balance is less than $5,000 and claim your super benefit as a ‘Departing Australian Superannuation Payment’, please ensure you request that your passport be stamped.
Temporary Budget Repair Levy
From 1 July 2014, temporary budget repair levy will apply to clients with taxable income above $180,000 until 30 June 2017. This levy increases the top marginal income tax rate by 2% during this time. The levy is calculated as 2% of taxable income exceeding $180,000.
Certain types of income subject to an effective tax rate cap are provided tax offsets to ensure that the effective marginal rate applied does not exceed the specified cap rate. Examples of these may include:
• The taxable component of superannuation lump sums received within the low rate cap or untaxed plan cap.
• The taxable component of superannuation death benefits received by a beneficiary who is not a death benefits dependant.
• The taxable component of employment termination payments to which a concessional rate of tax applies (for example, amounts within both the ETP cap and whole of income cap).
For anti-avoidance purposes, other tax rates based upon the top marginal income tax rate have been increased during the period of this levy, or in the case of the FBT rate, from 1 April 2015 to 31 March 2017.
Departing Australia Superannuation Payment (DASP)
From 1 July 2014, the DASP tax rate referable to the Taxable Component – Taxed Element will increase from 35% to 38%, and the Taxable Component – Untaxed Element from 45% to 47%
Changes to deeming rules for new account-based pensions
From 1 January 2015, any new account-
based pensions will be treated as “financial investments” and subject to “deeming” under the Centrelink/DVA income test, which is used to determine your pension/allowance payment.
What does this mean for you?
• If you are already receiving the Age Pension (or any other Centrelink/DVA Income Support Payment) as at 1 January 2015, your account based pension will continue to be assessed under the previous rules.
• If you commence a new account-based pension on or after 1 January 2015, then the entire balance of the new account-based pension will be subject to the new deeming rules rather than the previous rules.
• If you are not receiving a Centrelink/DVA income support payment (i.e. age pension) as at 1 January 2015, then your account-based pension will be subject to the new deeming rules should you then apply for a Centrelink/DVA income support payment from 1 January 2015.
Significant event notificationSuperannuation supervisory levy (Levy)
The Government imposed Levy is used to recover operational costs of APRA and certain costs of some other Commonwealth departments and agencies.
Until 2017/2018 inclusive, there will be a temporary increase in the Levy to cover the costs associated with implementation of the Government’s SuperStream measures.
The amount of the Levy is determined by the Government each year. Payment of the Levy from the Fund’s assets will flow through as a reduction in your account balance at the time the Levy is applied and will be included as part of your Indirect Cost Ratio. This will mean a reduction in your rate of return.
Stronger Super cost recovery
A temporary fee increase is also being introduced for the Fund. It is designed to recover a portion of the extraordinary costs that have been incurred by the Fund’s administrator in complying with the Government’s mandatory Stronger Super reforms. The major reforms enhance governance frameworks, improve administrative efficiencies and allow for transfer of default members into simple
low cost default arrangements (MySuper products). The temporary fee increase will mean your Indirect Cost Ratio will increase by up to 0.10% per annum for at least the financial years ending 30 June 2015 to 2017, after which we would expect to remove the need for the fee increase.
Additional informationChange to the National Privacy Principles
On 12 March 2014, the Australian Privacy Principles (‘APP’) came into effect, replacing the National Privacy Principles and the Information Privacy Principles. These changes require us to be more transparent about how we collect, maintain and use the information we have about our customers. It also requires us to take more care when determining who we share our information with and how it is shared.
Following the introduction of the APP, the Commonwealth Bank Group has introduced a new Privacy Policy outlining how we comply with them. The Privacy Policy can be viewed at http://www.commbank.com.au/privacy.
Changes relating to use of your Tax File Number (‘TFN’)
The Government has made changes to the way in which your TFN is used.
These changes include:
• the ability of product providers of superannuation policies to validate your TFN by means of an electronic validation service provided by the ATO, for the purposes of ensuring your information we have kept on our records is accurate and up-to-date,
• the ability of the ATO to give your TFN to CMLA (as your product provider) if:
− you have not quoted your TFN to CMLA but you have provided your TFN to other providers previously, or
− the TFN you provide to CMLA as your provider does not match the records the ATO holds for you. Where this occurs, we are required to update the record we hold for you unless you have instructed us not to record your TFN.
4
• requirements for your TFN to be communicated to the other fund when you request a roll over, unless you have provided your written instruction to the contrary.
Insurance as you approach age 65
You can make contributions at any time before you turn 65, however, when you turn 65, superannuation legislation requires us to confirm with you that you have worked for at least 40 hours in a period of not more than 30 consecutive days in the financial year (‘the work test’*) before we can accept your contributions. If you are unable to meet the work test, and your insurance cover in super will extend past 65, you should make sure your Account balance is sufficient to cover your annual premiums in the future. If you have any questions, please contact us.
*For further details on ‘the work test’ and eligibility to contribute to superannuation, please refer to the ATO website.
Change in effective date allocation for withdrawals and switches
Effective 1 December 2013, the unit price for full or partial withdrawals and switches will generally be the unit price allocated for the business day on which your completed withdrawal or switch instruction is received. For regular withdrawals the unit price will generally be the unit price allocated for the business day the regular withdrawal is scheduled to be withdrawn.
Important information about your unit-linked investment CMLA has a unit pricing policy and procedures about how it manages the unit pricing of your investment. These unit pricing policies have been adopted with a view to your investment being appropriately valued in all circumstances and investors being treated consistently and equitably.
We set out below how CMLA might act under certain circumstances.
Suspension policy
Under extraordinary circumstances, such as during periods of market disruption or other significant events, CMLA may need to temporarily stop calculating unit prices or the processing of transactions.
The types of events that may result in the suspension of unit price calculations or processing of transactions include (but are not limited to):
• where there is a significant disruption to the data, systems or other applications necessary to establish a reliable estimate of the value of assets, liabilities or unit prices;
• where unforeseen events mean that the valuation of assets cannot in good faith be estimated to an acceptable level of accuracy; and
• where there is a significant market movement and/or cash flow.
The calculation of unit prices and transaction processing will resume when the risk to investor interests as a whole has abated or been mitigated to a level acceptable to CMLA based on the consideration of the interests of our investors.
During such events, information and updates will be available to you by calling us.
Backdating and other events
Backdating occurs when a transaction needs to be processed with an old unit price rather than the current unit price. For example, to meet the obligations under a policy, a price at the date the instruction is received may be used rather than the date the instruction is processed.
CMLA will:
• backdate transactions where necessary to ensure that transacting investors receive the appropriate unit price required by the relevant policy obligations; and
• make appropriate adjustments to the unit price of affected investment options to mitigate the impacts of the backdating and ensure that investors are not unduly affected by backdated transactions.
CMLA might also need to make adjustments to unit prices to ensure they reflect the ’best estimate’ of the net value of the investment option and its units.
CMLA may adjust the calculation of its unit prices, rather than suspend unit pricing, in circumstances where:
• errors are known to have occurred in the calculation of a unit price before it is released, or there are reasonable grounds to suspect an error has occurred, and these could not have been corrected immediately or would have taken time to investigate further; or
• CMLA believes that the available asset
valuations do not reflect the true or fair value of those assets or there are inconsistencies between the value of assets and liabilities.
Unit pricing adjustment and error compensation
Unit prices are calculated on a daily basis by CMLA. The calculation process for these unit prices takes into account a number of inputs and assumptions. Sometimes, it is discovered that an error has been made in the calculation process, resulting in an incorrect unit price. In that case an adjustment in the unit price may be required. Also, if you have transacted at the incorrect unit price, the value of your policy could be incorrect.
CMLA has established a policy to deal with these events and return investors to a financial position that is materially the same as if the error had not occurred. If the error is material, you may be entitled to compensation. CMLA will generally use a variance of 0.30% (0.05% for cash based investment options) in the unit price in determining whether individual compensation is payable.
If a unit pricing error is greater than or equal to these variances, we may pay you compensation:
• by crediting your policy with the amount due; or
• where your policy is closed, if the amount of the adjustment is greater than a payment threshold of $20 (or less at CMLA discretion), by sending you a payment by cheque or electronic funds transfer.
Note: if you have not met a condition of release, compensation will be paid to a new account in SuperTrace or another superannuation or retirement savings account product.
The tolerance levels we use are in line with industry standards and regulatory practice guidelines. In some cases we may provide compensation where the unit pricing error is less than the tolerance levels.
Valuation of unlisted assets
The Fund may have exposure to a variety of unlisted assets. CMLA will ensure the valuations of investment assets and associated liabilities are appropriate. This includes the valuation of real property and other investments (including infrastructure) which are not valued on a daily basis.
5
Property Fund
On 8 April 2014, CMLA revised the investment strategy for the following Property Fund investment options:
Cash Total
Superannuation
Personal Super Umbrella Investment Plan and Personal Super Umbrella Financial Plan
Property Fund (Investment Units) 2PRU
Property Fund (Initial Units) 2PRU
Rollover Investment Growth Bond, Personal Super Investment Growth Bond and Super Investment Growth Bond
Property Fund (Investment Units) 2PRP
SGIC Personal Superannuation Bond
Property Fund 7SPF, 7RPF
SGIC Rollover Deposit Plan
Property Fund 7SPF, 7RPF
Allocated Pensions
Living Money
Property Fund 4PRP
SGIC Retirement Plus Account
Property Fund 9APF
Ordinary
Umbrella Investment Plan, Umbrella Financial Plan, Investment Growth Bond
Property Fund (Investment Units) 3PRP
Property Fund (Initial Units) 3PRP
SGIC Personal Investment Bond
Property Fund 8BPF
These investment options now invest in the CFS FirstChoice Wholesale Global Property Securities (‘WGPS’) option.
Investment objective of WGPS
To provide capital growth and income from a diversified portfolio of global listed property investments.
Investment strategy of WGPS
To invest in a diversified portfolio of property securities. The investments are managed by a number of leading global property securities managers, which is designed to deliver more consistent returns with less risk than would be achieved if investing with a single investment manager. The portfolio aims to hedge currency risk.
Return objective of WGPS (before fees and taxes)
Measurable investment objective Time horizon (years)
To outperform the UBS Global Investors Index (Net dividends reinvested), hedged to Australian dollars over rolling three-year periods before fees and taxes.
7
Benchmark allocation of WGPS – target benchmark asset allocation and ranges:
Asset class Benchmark (%) Minimum allocation (%)
Maximum allocation (%)
Global Listed Property 100 95 100
Cash 0 0 5
Total allocation 100
Risk/return profile and investment objectives for CommInsure Investment Growth Bond (A06) investment options
The risk/return profile and investment objective for the NC – Diversified and NC – Growth investment options offered as part of the CommInsure Investment Growth Bond (A06) product were disclosed incorrectly in the Investment performance and other important information for the year ending 30 June 2013.
For the NC - Diversified the risk/return profile was rated as ‘medium to high’ and for NC – Growth it was ‘high to very high’. Please refer to the Risk/return profile and investment objective table in this document for the correct descriptions.
Changes to investment optionsStrategic asset allocations
CMLA has an ongoing process in place to review and, where appropriate, adjust the strategic asset allocations and strategies of the investment option/s.
As part of this process, CMLA revised the benchmark asset allocation and ranges with the aim to maintain or improve risk adjusted returns to members. The changes were effective from 8 April 2014.
Investment Options
Australian shares
Global shares Property Securities*
Alternatives** Fixed interest***
Cash Total
Capital Stable Benchmark 11.0% 9.0% 0.0% 10.0% 37.5% 32.5% 100.0%
Min 4.0% 3.0% 0.0% 0.0% 27.5% 20.0%
Max 20.0% 15.0% 10.0% 20.0% 50.0% 45.0%
Balanced Benchmark 18.0% 18.0% 0.0% 14.0% 25.0% 25.0% 100.0%
Min 5.0% 5.0% 0.0% 0.0% 12.0% 20.0%
Max 25.0% 25.0% 10.0% 22.0% 45.0% 35.0%
* Includes Australian and international listed property trusts (hedged). ** These are investments in non-traditional sectors, such as private equity and infrastructure investments. *** Includes Australian and international bonds (hedged).
1. The investment option is closed to new investors.
2. For all investment options, the asset allocations and the assets in the product can vary at the investment manager’s discretion. The investment managers aim to maintain the assets of each investment option within the minimum and maximum ranges published. However, there may be times when an investment option’s asset allocation falls outside these ranges.
3. The investment management fee covers the costs of managing your investment options and includes investment and administration costs for the investment managers and the responsible entities of the underlying trusts in which CMLA invests. Custody and other costs are included in cases where these have not been deducted from the underlying assets. The fee is calculated as a percentage of the total assets of the investment option and varies from time to time. It is deducted from the investment option assets before the unit prices are calculated.
* For the options with an asterisk (*) against the fee, the fee is calculated as a percentage of your account value.
** No explicit investment management fee applies on this investment option. The returns shown are net of any expenses and CMLA’s share of profits on the underlying investments.
*** The investment option commenced on 18 March 2013. Therefore, the yearly return for 30 June 2013 is a since inception return i.e. 18 March 2013 to 30 June 2013.4. All assets in this investment option are
held in cash.5. Not all the investment options are
available or applicable to your policy. Please refer to your policy document for the applicable options or contact us for further details.
6. Participating capital guaranteed. Profits are distributed to policy holders through the declaration of bonus rates. No fees are allowed for in the determination of bonus rates. On those policies where the guaranteed rate is higher than the declared rate, the guaranteed rate would apply.
7. Non-participating capital guaranteed. On those policies where the guaranteed rate is higher than the declared rate, the guaranteed rate would apply.
# Superannuation and ordinary life products issued by CMLA.
## Superannuation products issued by the Trustee, for CSRF. The Trustee does not guarantee the accuracy or the correctness of information relating to products not issued by it.
° Includes Australian and international listed property trusts (hedged).
°° These are investments in non-traditional sectors, such as private equity and infrastructure investments.
°°° Includes Australian and international bonds (hedged).
Notes
Trustee’s investment objectives and strategiesThe investment strategy for all unit-linked products in the CSRF was changed from “Invest in Policies issued by CMLA as required by the governing rules of the Fund” to “Invest in appropriate investment vehicles to achieve the investment objective of the Fund’s products” effective 25th September, 2013. This change was as a result of regulatory reform.
The investment strategy for investment account products groups in the CSRF was changed from “Invest in Policies issued by CMLA as required by the governing rules of the Fund” to “Invest in appropriate Life Insurance Policies to achieve the investment objective of the Fund’s products” effective 25th September, 2013. This change was as a result of regulatory reform.
For members of Colonial Super Retirement Fund##
Product group within the Fund Investment objectives Investment strategies
Unit-linked products To provide a diversified range of investment options. Invest in appropriate Life Insurance Policies to achieve the investment objective of the Fund’s products.
Investment account participating business To meet the obligations of the Policies, which are broadly to provide an interest bearing capital guaranteed benefit on surrender, death or maturity.
Invest in appropriate Life Insurance Policies to achieve the investment objective of the Fund’s products.
Investment account non-participating business To meet the obligations of the Policies, which are broadly to provide an interest bearing capital guaranteed benefit on surrender, death or maturity.
Invest in appropriate Life Insurance Policies to achieve the investment objective of the Fund’s products.
CLN
1898
010
914
Enquiries 1800 624 100 8.30 am to 6 pm (Sydney time) Monday to Friday
Email [email protected]
Postal address The Colonial Mutual Life Assurance Society Limited PO Box 320 Silverwater NSW 2128
Yearly returns as at 30 June (%)5 year compound average return to
30 June 2014 (% p.a.)
10 year compound average return to
30 June 2013 (% p.a.)
Asset allocation % as at 30 June 20142
Investment management fee (% p.a.)3 Investment option objective
Product and investment option name Investment Option code (PAS) 2014 2013 2012 2011 2010 Australian
sharesInternational
shares Listed property° Alternatives °°
Fixed interest °°° Cash
Superannuation
Personal Super Umbrella Investment Plan## and Personal Super Umbrella Financial Plan## (X10, X11, X12)Capital Guaranteed Cash Fund (Investment Units) 2CSU 0.59 1.19 2.21 2.83 1.96 1.75 2.57 - - - - - 100.0 1.95* Capital guaranteed cashCapital Guaranteed Cash Fund (Initial Units) 2CSU -5.93 -5.32 -4.38 -3.81 -4.62 -4.81 -4.05 - - - - - 100.0 8.40* Capital guaranteed cashCapital Guaranteed Fund (Investment Units)6 1SUU 5.34 4.31 4.85 5.04 5.45 4.99 6.32 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed Capital Guaranteed Fund (Initial Units)6 1SUU -0.70 -1.62 -1.13 -0.94 -0.56 -0.99 0.25 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed Fixed Interest Fund (Investment Units) 2FIU 4.57 1.75 6.62 4.13 7.09 4.82 4.18 - - - - 99.0 1.0 2.05* Fixed interestFixed Interest Fund (Initial Units) 2FIU -2.10 -4.70 -0.15 -2.49 0.30 -1.83 -2.44 - - - - 99.0 1.0 8.40* Fixed interestProperty Fund (Investment Units) 2PRU 9.34 10.03 4.66 8.34 9.26 8.31 3.96 - - 100.0 - - - 2.30* PropertyProperty Fund (Initial Units) 2PRU 2.63 3.34 -1.72 1.73 2.59 1.70 -2.38 - - 100.0 - - - 8.40* PropertyStable Fund (Investment Units) 2STU 5.89 5.57 3.29 5.24 6.68 5.31 4.09 11.4 13.2 - 9.6 33.8 32.0 2.20* Capital stableStable Fund (Initial Units) 2STU -0.71 -0.97 -3.11 -1.28 0.07 -1.22 -2.37 11.4 13.2 - 9.6 33.8 32.0 8.40* Capital stableManaged Fund (Investment Units) 2MGU 11.57 13.63 0.66 7.42 7.73 8.03 5.73 28.5 34.4 - 14.4 13.1 9.6 2.20* Managed growth (Balanced)Managed Fund (Initial Units) 2MGU 4.62 6.60 -5.59 0.76 1.05 1.33 -0.83 28.5 34.4 - 14.4 13.1 9.6 8.40* Managed growth (Balanced)Australian Equities Fund (Investment Units) 2EQU 14.51 19.89 -5.66 6.70 13.72 9.16 8.28 98.6 - - - - 1.4 2.30* Australian sharesAustralian Equities Fund (Initial Units) 2EQU 7.49 12.59 -11.41 0.19 6.79 2.50 1.67 98.6 - - - - 1.4 8.40* Australian sharesInternational Equities Fund (Investment Units) 2INU 16.65 24.37 -2.72 8.33 6.49 10.45 2.76 - 98.4 - - - 1.6 2.30* International sharesInternational Equities Fund (Initial Units) 2INU 9.50 16.81 -8.66 1.74 -0.03 3.71 -3.51 - 98.4 - - - 1.6 8.40* International shares
Colonial Rollover Bond##, Personal Super Investment Growth Bond## and Super Investment Growth Bond## (E05, E06, E10, E03, E04, E01, E02) Capital Guaranteed Cash Fund (Investment Units) 2CSH 0.87 1.47 2.46 3.07 2.22 2.01 2.80 - - - - - 100.0 1.70* Capital guaranteed cashCapital Guaranteed Fund (Investment Units)6 1SUP 5.81 5.63 6.10 5.51 5.65 5.74 6.98 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed Fixed Interest Fund (Investment Units) 2FIX 4.81 1.98 6.83 4.33 7.32 5.04 4.41 - - - - 99.0 1.0 1.85* Fixed interestProperty Fund (Investment Units) 2PRP 9.66 10.33 4.85 8.59 9.52 8.57 4.11 - - 100.0 - - - 2.05* PropertyStable Fund (Investment Units) 2STB 6.17 5.87 3.55 5.51 6.96 5.59 4.37 11.4 13.2 - 9.6 33.8 32.0 1.95* Capital stableConsensus Stable Fund 2CST 6.24 6.17 3.46 5.27 7.35 5.67 4.65 11.2 12.9 - 9.7 33.4 32.8 1.85* Capital stableManaged Fund (Investment Units) 2MGD 11.87 13.94 0.90 7.69 8.00 8.31 6.01 28.5 34.4 - 14.4 13.1 9.6 1.95* Managed growth (Balanced)Consensus Managed Fund 2CMG 12.01 14.13 0.89 7.58 10.18 8.82 6.00 27.5 33.9 - 14.9 13.2 10.5 1.85* Managed growth (Balanced)Australian Equities Fund (Investment Units) 2EQY 14.83 20.24 -5.49 6.97 14.01 9.43 8.56 98.6 - - - - 1.4 2.05* Australian sharesInternational Equities Fund (Investment Units) 2INT 16.95 24.74 -2.46 8.59 6.73 10.73 3.02 - 98.4 - - - 1.6 2.05* International sharesColonial Rollover Deposit Plan (E09) Capital Guaranteed Fund6 1SUP 5.81 5.63 6.10 5.51 5.65 5.74 6.98 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed SGIC Personal Superannuation Bond## (ED3, EE3, EG3)Capital Guaranteed Cash Fund 7SCA 0.90 1.46 2.47 3.07 2.17 2.01 2.84 - - - - - 100.0 1.70* Capital guaranteed cashCapital Guaranteed Fund5,7 6SBD 3.65 6.41 5.80 6.52 3.50 5.17 6.47 5.8 3.3 - 6.7 40.2 44.0 1.50* Capital guaranteed Capital Guaranteed Fund7 6SCG 3.45 6.22 5.60 6.32 3.39 4.99 6.28 5.8 3.3 - 6.7 40.2 44.0 1.70* Capital guaranteed Fixed Interest Fund 7SFI 4.93 2.12 6.99 4.48 7.44 5.18 4.56 - - - - 99.0 1.0 1.70* Fixed interestProperty Fund 7SPF 10.05 10.91 5.26 8.97 9.87 9.00 4.47 - - 100.0 - - - 1.70* PropertyManaged Fund 7SMN 12.15 14.21 1.14 7.97 8.25 8.57 6.25 28.5 34.4 - 14.4 13.1 9.6 1.70* Managed growth (Balanced)Australian Equities Fund 7SAE 15.19 20.67 -5.21 7.36 14.35 9.79 8.92 98.6 - - - - 1.4 1.70* Australian sharesInternational Equities Fund 7SIE 17.34 25.09 -2.17 8.98 7.10 11.09 3.35 - 98.4 - - - 1.6 1.70* International sharesCapital Protected Fund – December4 7SP1 0.86 1.45 2.48 3.04 2.21 2.00 2.79 - - - - - 100.0 1.70* Capital guaranteed cashCapital Protected Fund – June A (ex-March)4 7SP2 0.88 1.45 2.49 3.05 2.20 2.01 2.78 - - - - - 100.0 1.70* Capital guaranteed cashCapital Protected Fund – June4 7SP3 0.87 1.45 2.48 3.08 2.20 2.01 2.80 - - - - - 100.0 1.70* Capital guaranteed cashCapital Protected Fund – September4 7SP4 0.86 1.45 2.50 3.06 2.20 2.01 2.81 - - - - - 100.0 1.70* Capital guaranteed cashSGIC Rollover Deposit Plan# (EC3, EF3)Capital Guaranteed Cash Fund 7RCA 0.90 1.46 2.47 3.07 2.17 2.01 2.84 - - - - - 100.0 1.70* Capital guaranteed cashCapital Guaranteed Fund7 6RCG 3.45 6.22 5.60 6.32 3.39 4.99 6.28 5.8 3.3 - 6.7 40.2 44.0 1.70* Capital guaranteed Fixed Interest Fund 7RFI 4.93 2.12 6.99 4.48 7.44 5.18 4.56 - - - - 99.0 1.0 1.70* Fixed interestProperty Fund 7RPF 10.05 10.91 5.26 8.97 9.87 9.00 4.47 - - 100.0 - - - 1.70* PropertyManaged Fund 7RMN 12.15 14.21 1.14 7.97 8.25 8.57 6.25 28.5 34.4 - 14.4 13.1 9.6 1.70* Managed growth (Balanced)Australian Equities Fund 7RAE 15.19 20.67 -5.21 7.36 14.35 9.79 8.92 98.6 - - - - 1.4 1.70* Australian sharesInternational Equities Fund 7RIE 17.34 25.09 -2.17 8.98 7.10 11.09 3.35 - 98.4 - - - 1.6 1.70* International sharesCapital Protected Fund – December4 7RP1 0.86 1.45 2.48 3.04 2.21 2.00 2.79 - - - - - 100.0 1.70* Capital guaranteed cashCapital Protected Fund – June A (ex-March)4 7RP2 0.88 1.45 2.49 3.05 2.20 2.01 2.78 - - - - - 100.0 1.70* Capital guaranteed cashCapital Protected Fund – June4 7RP3 0.87 1.45 2.48 3.08 2.20 2.01 2.80 - - - - - 100.0 1.70* Capital guaranteed cashCapital Protected Fund – September4 7RP4 0.86 1.45 2.50 3.06 2.20 2.01 2.81 - - - - - 100.0 1.70* Capital guaranteed cashex Legal and General Capital Guaranteed productsRetirement Investment Plan##6 (W01)Table 60 and 80 1RIP 4.70 3.70 4.25 4.51 5.06 4.44 5.85 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed Table 62 and Plus 1RAP 5.60 4.60 5.15 5.41 5.96 5.34 6.75 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed Retirement Accumulation Plan##6 (W02) 1RAP 5.60 4.60 5.15 5.41 5.96 5.34 6.75 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed Private Trustee Superannuation#6 (W04) 1LUS 5.60 4.60 5.15 5.41 5.96 5.34 6.75 6.4 4.4 - 9.4 70.4 9.4 N/A** Capital guaranteed Life Umbrella##6
Superannuation (W03) 1LUS 5.60 4.60 5.15 5.41 5.96 N/A** Capital guaranteed SGIC Capital Guaranteed productsColonial Rollover Bond#7 (EA3) 6ROL 3.45 6.22 5.61 6.32 3.39 4.99 6.28 5.8 3.3 - 6.7 40.2 44.0 1.70 Capital guaranteed Money Plan Super##7 (WA3) 6SMY 3.65 6.41 5.80 6.52 3.50 5.17 6.47 5.8 3.3 - 6.7 40.2 44.0 1.50 Capital guaranteed Colonial Rollover Bond#7 (EB3) 6RNF 3.10 5.86 5.26 5.97 3.19 4.67 5.96 5.8 3.3 - 6.7 40.2 44.0 2.05 Capital guaranteed
Allocated Pensions
Living Money## (E07, E08)Capital Guaranteed Cash Fund 4CSH 1.31 1.99 3.27 3.90 2.88 2.66 3.58 - - - - - 100.0 1.70* Capital guaranteed cashFixed Interest Fund 4FIX 6.08 2.73 8.41 5.56 8.57 6.25 5.58 - - - - 98.1 1.9 1.80* Fixed interestProperty Fund 4PRP 11.41 12.19 5.89 10.75 10.87 10.20 4.78 - - 100.0 - - - 2.00* PropertyStable Fund 4STB 7.37 7.08 4.55 6.78 7.65 6.65 5.52 11.0 13.1 - 10.0 33.8 32.1 1.90* Capital stableConsensus Stable Fund 4CST 7.69 7.42 4.92 6.89 9.25 7.21 5.75 11.8 13.0 - 9.4 34.0 31.8 1.60* Capital stableManaged Fund 4MGD 13.83 16.32 1.95 9.25 8.30 9.72 6.55 27.8 34.0 - 15.5 13.1 9.6 1.90* Managed growth (Balanced)Consensus Managed Fund 4CMG 14.04 16.53 1.75 9.31 12.47 10.65 6.96 28.0 34.3 - 14.4 13.4 9.9 1.60* Managed growth (Balanced)Australian Equities Fund 4EQY 16.50 23.02 -5.54 8.12 16.20 10.83 8.55 98.2 - - - - 1.8 2.00* Australian sharesInternational Equities Fund 4INT 18.54 26.11 -0.73 10.78 7.85 12.34 3.80 - 98.1 - - - 1.9 2.00* International shares
SGIC Retirement Plus Account## (FA3, FB3)Capital Guaranteed Cash Fund 9ACA 1.52 2.20 3.50 4.17 3.01 2.87 3.81 - - - - - 100.0 1.50* Capital guaranteed cashCapital Guaranteed Fund7 6ACG 4.33 7.31 6.40 7.36 6.26 6.32 6.06 5.8 3.4 - 6.7 40.0 44.1 1.50* Capital guaranteed Property Fund 9APF 11.98 12.75 6.32 11.25 11.38 10.71 5.29 - - 100.0 - - - 1.50* PropertyManaged Fund 9AMN 14.27 16.77 2.30 9.68 8.78 10.15 6.96 27.8 34.0 - 15.5 13.1 9.6 1.50* Managed growth (Balanced)Australian Equities Fund 9AAE 17.08 23.61 -5.15 8.71 16.67 11.35 9.12 98.2 - - - - 1.8 1.50* Australian sharesInternational Equities Fund 9AIE 19.17 26.60 -0.26 11.37 8.40 12.89 4.34 - 98.1 - - - 1.9 1.50* International sharesCapital Protected Fund – December4 9AP1 1.50 2.17 3.45 4.09 3.10 2.85 3.77 - - - - - 100.0 1.50* Capital guaranteed cashCapital Protected Fund – June A (ex-March)4 9AP2 1.50 2.17 3.46 4.08 3.09 2.85 3.78 - - - - - 100.0 1.50* Capital guaranteed cashCapital Protected Fund – June4 9AP3 1.50 2.17 3.46 4.08 3.09 2.85 3.78 - - - - - 100.0 1.50* Capital guaranteed cashCapital Protected Fund – September4 9AP4 1.55 2.17 3.46 4.09 3.09 2.86 3.78 - - - - - 100.0 1.50* Capital guaranteed cash
Ordinary
Umbrella Investment Plan#, Umbrella Financial Plan#, Investment Growth Bond# (T10, T11, T12, A01, A02, A03, A04, A05)Capital Guaranteed Cash Fund (Investment Units) 3CSH 0.82 1.09 1.96 2.39 1.69 1.58 2.22 - - - - - 100.0 1.30 Capital guaranteed cashCapital Guaranteed Cash Fund (Initial Units) 3CSH -6.07 -5.76 -4.99 -4.57 -5.22 -5.32 -4.66 - - - - - 100.0 8.30 Capital guaranteed cashCapital Guaranteed Fund (Investment Units)6 1ORD 3.54 3.00 3.33 3.02 2.38 3.05 2.93 6.4 4.4 - 9.5 70.5 9.2 N/A** Capital guaranteed Capital Guaranteed Fund (Initial Units)6 1ORD -2.39 -2.85 -2.56 -2.85 -3.44 -2.82 -2.94 6.4 4.4 - 9.5 70.5 9.2 N/A** Capital guaranteed Consensus Stable Fund1 3CST 4.97 4.97 2.97 4.67 5.66 4.63 3.54 11.0 13.3 - 9.1 34.4 32.2 1.50 Capital stableConsensus Managed Fund1 3CMG 10.14 11.04 0.84 6.21 7.40 7.04 4.72 26.5 33.6 - 18.2 12.4 9.3 1.65 Managed growth (Balanced)Fixed Interest Fund (Investment Units) 3FIX 3.91 1.70 5.53 3.50 5.59 4.04 3.38 - - - - 98.2 1.8 1.55 Fixed interestFixed Interest Fund (Initial Units) 3FIX -3.31 -5.30 -1.75 -3.64 -1.71 -3.14 -3.66 - - - - 98.2 1.8 8.40 Fixed interestProperty Fund (Investment Units) 3PRP 7.59 10.22 4.49 7.96 7.18 7.47 3.83 - - 100.0 - - - 1.75 PropertyProperty Fund (Initial Units) 3PRP 0.13 2.64 -2.72 0.51 -0.22 0.06 -3.16 - - 100.0 - - - 8.40 PropertyStable Fund (Investment Units) 3STB 5.01 4.80 3.02 4.38 5.33 4.49 3.40 11.3 13.3 - 9.5 33.9 32.0 1.50 Capital stableStable Fund (Initial Units) 3STB -2.29 -2.41 -4.08 -2.81 -1.94 -2.72 -3.59 11.3 13.3 - 9.5 33.9 32.0 8.40 Capital stableManaged Fund (Investment Units) 3MGD 9.56 11.08 1.06 6.27 6.68 6.83 4.65 28.4 34.0 - 13.8 13.1 10.7 1.65 Managed growth (Balanced)Managed Fund (Initial Units) 3MGD 1.96 3.43 -5.90 -1.06 -0.69 -0.54 -2.42 28.4 34.0 - 13.8 13.1 10.7 8.40 Managed growth (Balanced)Australian Equities Fund (Investment Units) 3EQY 11.75 15.82 -4.24 5.77 9.80 7.34 6.84 98.3 - - - - 1.7 1.70 Australian sharesAustralian Equities Fund (Initial Units) 3EQY 4.00 7.86 -10.85 -1.53 2.23 -0.07 -0.36 98.3 - - - - 1.7 8.40 Australian sharesInternational Equities Fund (Investment Units) 3INT 13.18 17.86 -0.83 7.24 4.70 8.36 2.67 - 98.2 - - - 1.8 1.75 International sharesInternational Equities Fund (Initial Units) 3INT 5.34 9.74 -7.68 -0.15 -2.53 0.88 -4.24 - 98.2 - - - 1.8 8.40 International sharesInvestment Growth Bond# (A06) NC – Cash 3NCS 1.22 0.24*** - - - - - - - - - - 100.0 0.85 Capital guaranteed cashNC – Global Fixed Interest 3NFI 4.28 -0.85*** - - - - - - - - - 98.2 1.8 1.10 Fixed interestNC – Global Property 3NPR 10.41 -2.04*** - - - - - - - 100.0 - - - 1.50 PropertyNC – Australian Shares 3NAU 12.19 -2.73*** - - - - - 98.3 - - - - 1.7 1.30 Australian sharesNC – International Shares 3NIN 13.66 4.60*** - - - - - - 98.2 - - - 1.8 1.40 International sharesNC – Conservative 3NCO 5.24 -0.11*** - - - - - 11.3 13.3 - 9.5 33.9 32.0 1.20 Capital stableNC – Diversified 3NDI 6.04 -0.43*** - - - - - 14.7 18.9 - 11.7 16.5 38.2 1.30 DiversifiedNC – Balanced 3NBA 9.84 0.51*** - - - - - 28.4 34.0 - 13.8 13.1 10.7 1.30 Managed growth (Balanced)NC – Growth 3NGR 10.67 0.85*** - - - - - 35.2 39.1 - 14.7 3.0 8.0 1.40 GrowthSGIC Personal Investment Bond# (AA3, AG3, AH3)Capital Guaranteed Cash Fund 8BCA 0.42 0.89 1.77 2.19 1.49 1.35 2.11 - - - - - 100.0 1.70* Capital guaranteed cash
Capital Guaranteed Fund7 6BON 2.59 4.77 4.59 4.80 2.66 3.87 5.03 5.7 3.3 - 6.6 40.2 44.2 1.50* Capital guaranteed Capital Guaranteed Fund5,7 6BCG 2.34 4.52 4.34 4.55 2.52 3.65 4.80 5.7 3.3 - 6.6 40.2 44.2 1.75* Capital guaranteed Property Fund 8BPF 7.62 10.10 4.27 7.77 7.06 7.35 3.84 - - 100.0 - - - 1.75* PropertyManaged Fund 8BMN 9.53 10.86 0.78 6.03 6.49 6.63 4.59 28.4 34.0 - 13.8 13.1 10.7 1.75* Managed growth (Balanced)Australian Equities Fund 8BAE 11.75 16.63 -4.36 5.57 9.65 7.39 6.93 98.3 - - - - 1.7 1.75* Australian sharesInternational Equities Fund 8BIE 13.34 17.62 -1.03 7.11 4.45 8.23 2.65 - 98.2 - - - 1.8 1.75* International sharesCapital Protected Fund – December4 8BP1 0.37 0.84 1.72 2.14 1.45 1.30 2.15 - - - - - 100.0 1.75* Capital guaranteed cashCapital Protected Fund – June4 8BP3 0.38 0.83 1.72 2.14 1.44 1.30 2.33 - - - - - 100.0 1.75* Capital guaranteed cashCapital Protected Fund – September4 8BP4 0.44 0.85 1.73 2.26 1.44 1.34 2.02 - - - - - 100.0 1.75* Capital guaranteed cashex Legal and General Capital Guaranteed productsLife Umbrella#6 (S03) Ordinary 1LUO 4.02 4.00 4.00 4.00 4.00 4.00 4.28 6.4 4.4 - 9.5 70.5 9.2 N/A** Capital guaranteed
SGIC Capital Guaranteed products#7 (SB3, AF3, SA3)Ordinary Passbook Rate 6HIN 1.53 3.72 3.54 3.74 2.06 2.92 4.06 5.7 3.3 - 6.6 40.2 44.2 2.55 Capital guaranteed Ordinary Funeral Bond 6FNR 1.33 3.52 3.33 3.55 1.95 2.73 3.88 5.7 3.3 - 6.6 40.2 44.2 2.75 Capital guaranteed Money Plan Ordinary 6MNY 2.59 4.77 4.59 4.80 2.66 3.87 5.03 5.7 3.3 - 6.6 40.2 44.2 1.50 Capital guaranteed
Hig
h/v
ery
hig
h
Growth
To invest in a diversified portfolio of predominately growth assets expected to generate a mix of long-term capital growth and income but which may be quite volatile in the short.
Hig
h
International shares
To provide long-term capital growth through investing predominantly in overseas listed companies. This investment option is suited to investors seeking high returns and who are prepared to accept volatility of returns. This relates to a unit-linked product.
Australian shares
To provide long-term capital growth through investing predominantly in shares of Australian listed companies. This investment option is suited to investors seeking high returns who are prepared to accept volatility of returns. This relates to a unit-linked product.
Med
ium
/hig
h
Managed growth (Balanced)
To provide income and growth with a focus on capital appreciation. This investment option is weighted towards equity investments and is suited to investors who are prepared to accept volatility of returns. This relates to a unit-linked product.
Property
To provide income and long-term capital growth through investment in property investments. This investment option is suited to investors seeking the potential of high long-term growth with some volatility over shorter time periods. This relates to a unit-linked product.
Diversified
To provide balanced returns over the medium to long-term.
Lo
w/m
ed
ium
Capital stable
To provide a reasonably high level of security and consistent returns. This investment option is weighted towards fixed interest and cash investments and is suited to investors who want returns that are less volatile than options with a greater bias to growth investments. This relates to a unit-linked product.
Fixed interest
To provide income with the potential for higher returns than cash through investment in fixed interest investments. This investment option is suited to investors who want a reasonable level of security with the potential to provide higher returns than cash options. This relates to a unit-linked product.
Capital guaranteed
To provide crediting rates, before tax and fees, in excess of inflation over rolling 3 year periods and provide security of capital. This investment option is suited to investors who want a high degree of security. This objective applies to investment account participating and investment account non-participating business.
Lo
wCapital guaranteed cash
To provide the highest level of security. This investment option is suited to investors who want a high degree of security. This relates to a unit-linked product.
Risk/return profile and investment objectives
All products included in this report are closed to new members excluding the Investment Growth Bond (A06) product. Switching is available between most investment options. CMLA would recommend you consult with your financial adviser for further information on switching your investment options.
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For the year ending 30 June 2014Part 2
Colonial Mutual Superannuation Pty Ltd ABN 56 006 831 983 AFSL 235025 (the Trustee, we) and The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA) are both wholly owned non-guaranteed subsidiaries of Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. This Investment performance and other important information relates to the above superannuation products issued by the Trustee that form part of Colonial Super Retirement Fund ABN 40 328 908 469 (CSRF, the Fund).
Investment performance and other important information
Your Annual Statement is provided in two parts:
• Part 1 – Your Annual Statement for the period 1 July 2013 to 30 June 2014
• Part 2 – Investment performance and other important information (this document).
If you have not received both parts, please call 1800 552 660 between 8.30 am to 6 pm (Sydney time), Monday to Friday.
For members of Colonial Super Retirement Fund, this document also forms Part 2 of your Report to Members and should be read in conjunction with that document, which is available online after 30 September 2014 at:
commbank.com.au/superforms
To view, select your ‘annual report’.
Investment market commentaryInvestment market commentary is now available online at:
commbank.com.au/personal/financial-planning/investment-products/unit-prices-and-performance.html
This commentary is updated on a quarterly basis.
Performance explained
How performance is calculated
Returns are net of investment management fees, taxes and charges (where applicable). Certain fees such as contribution, administration or withdrawal fees (if any) are not taken into account. Performance is calculated on the change in the withdrawal unit prices for the period ending 30 June 2014 corresponding to the investment timeframe indicated, or where applicable, the crediting rate for the relevant period. For the periods prior to the 2009/10 financial year, the withdrawal unit prices used were for 1 July rather than 30 June.
Your return
Your individual net return provided in your Annual Statement may differ from the returns quoted in this document. Your individual net return depends on the timing of any transactions such as contributions, withdrawals, switches or unit adjustments during the period covered by the Annual Statement 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 during the period, the rate of return on your investment will differ from the net return quoted in this document.
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 is generally dependent on economic conditions, investment management and taxation laws. However, in some cases investment guarantees may apply to investment options.
Other important information
This document has been prepared for general information only, not having regard to your investment objectives, financial situation or needs. Because of this, you should consider the appropriateness of the information having regard to your own circumstances. Before making a decision to act on any of this information, financial advice specific to you is recommended. You should seek advice from your taxation adviser in relation to taxation matters.
Taxation considerations are general and based on present taxation laws and may be subject to change. You should seek independent, professional tax advice before making any decision based on this information. CMLA is also not a registered tax (financial) adviser under the Tax Agent Services Act 2009 and you should seek tax advice from a registered tax agent or a registered tax (financial) adviser if you intend to rely on this information to satisfy the liabilities or obligations or claim entitlements that arise, or could arise, under a taxation law.
Colonial Select Allocated Pension
Colonial Select Personal Superannuation
CPSL MasterFund Superannuation
Colonial Personal Superannuation Portfolio
Colonial Flexible Income Retirement Plan
Change of name for Department of Immigration
The Department of Immigration and Citizenship (DIAC) is now known as the Department of Immigration and Border Protection (DIBP). Temporary visa holders exiting Australia will need to request that DIBP stamp their passport at the time they depart Australia. If you are a temporary resident, who plans to leave Australia, whose superannuation account balance is less than $5,000 and claim your super benefit as a ‘Departing Australian Superannuation Payment’, please ensure you request that your passport be stamped.
Temporary Budget Repair Levy
From 1 July 2014, temporary budget repair levy will apply to clients with taxable income above $180,000 until 30 June 2017. This levy increases the top marginal income tax rate by 2% during this time. The levy is calculated as 2% of taxable income exceeding $180,000.
Investment performance and other important information
Legislative ChangesProposed superannuation changes
The federal government has recently announced a number of changes to superannuation. Please note they have yet to be legislated and may change prior to becoming law.
Excess non-concessional contributions
The Government has proposed that individuals will have the option to withdraw contributions made from 1 July 2013 that exceed their non-concessional contributions cap including associated earnings.
If withdrawn, no excess contributions tax will be payable and any associated earnings will be taxed at the individual’s marginal tax rate.
Any excess non-concessional contributions left in the Fund will be taxed at the top marginal tax rate on the amount of the excess.
Change to the schedule for increasing the superannuation guarantee (SG) rate to 12%
The SG rate will increase from 9.25% to 9.5% from 1 July 2014. The rate will remain at 9.5% until 30 June 2018, and subsequently increase by 0.5% every year until it reaches 12%, as the table indicates:
Financial year SG rate (%)
2014/2015 9.5
2015/2016 9.5
2016/2017 9.5
2017/2018 9.5
2018/2019 10.0
2019/2020 10.5
2020/2021 11.0
2021/2022 11.5
2022/2023 12.0
Where your employer is already making contributions above the current SG minimum you will need to check what changes, if any, the employer may introduce as a consequence of the changes described.
Age Pension indexation
From September 2017, indexation increases in the Age Pension will be linked to the Consumer Price Index (CPI), rather than the higher of the increase in CPI, Male Total Average Weekly Earnings or the Pension and Beneficiary Living Cost Index.
Legislated changesThese changes are legislated and, depending on your individual circumstances, may have an impact on you.
Medicare Levy increase
From 1 July 2014, the Government will increase the Medicare Levy from 1.5% to 2% of taxable income to provide funding for DisabilityCare Australia, the national disability insurance scheme.
The current exemptions from the Medicare Levy will remain in place.
Resetting the asset test deeming rate thresholds
From 20 September 2017, the Government will reset the deeming thresholds used in the pension assets test to $30,000 for singles and $50,000 for couples.
Current Proposed
Single $46,600 $30,000
Couples $77,400 $50,000
This measure effectively increases the amount of assessable income from deemed financial investments.
The proposal will impact the social security entitlements of income test affected pensioners and allowees.
Increase the Age Pension qualifying age to 70
From 1 July 2025, the Age Pension qualifying age will continue to rise by six months every two years, from the qualifying age of 67 years that will apply by that time, to gradually reach a qualifying age of 70 years by 1 July 2035. The table below sets the Age Pension eligibility age by date of birth.
Date of birth Qualifying age at Commencing from
1 July 1952 to 31 December 1953 65.5 1 July 2017
1 January 1954 to 30 June 1955 66 1 July 2019
1 July 1955 to 31 December 1956 66.5 1 July 2021
1 January 1957 to 30 June 1958 67 1 July 2023
1 July 1958 to 31 December 1959 67.5 1 July 2025
1 January 1960 to 30 June 1961 68 1 July 2027
1 July 1961 to 31 December 1962 68.5 1 July 2029
1 January 1963 to 30 June 1964 69 1 July 2031
1 July 1964 to 31 December 1965 69.5 1 July 2033
1 January 1966 onwards 70 1 July 2035
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Certain types of income subject to an effective tax rate cap are provided tax offsets to ensure that the effective marginal rate applied does not exceed the specified cap rate. Examples of these may include:
• The taxable component of superannuation lump sums received within the low rate cap or untaxed plan cap.
• The taxable component of superannuation death benefits received by a beneficiary who is not a death benefits dependant.
• The taxable component of employment termination payments to which a concessional rate of tax applies (for example, amounts within both the ETP cap and whole of income cap).
For anti-avoidance purposes, other tax rates based upon the top marginal income tax rate have been increased during the period of this levy, or in the case of the FBT rate, from 1 April 2015 to 31 March 2017.
Departing Australia Superannuation Payment (DASP)
From 1 July 2014, the DASP tax rate referable to the Taxable Component – Taxed Element will increase from 35% to 38%, and the Taxable Component – Untaxed Element from 45% to 47%.
Changes to deeming rules for new account-based pensions
From 1 January 2015, any new account-based pensions will be treated as “financial investments” and subject to “deeming” under the Centrelink/DVA income test, which is used to determine your pension/allowance payment.
What does this mean for you?
• If you are already receiving the Age Pension (or any other Centrelink/DVA Income Support Payment) as at 1 January 2015, your account based pension will continue to be assessed under the previous rules.
• If you commence a new account-based pension on or after 1 January 2015, then the entire balance of the new account-based pension will be subject to the new deeming rules rather than the previous rules.
• If you are not receiving a Centrelink/DVA income support payment (i.e. age pension) as at 1 January 2015, then your
account-based pension will be subject to the new deeming rules should you then apply for a Centrelink/DVA income support payment from 1 January 2015.
Significant event notificationSuperannuation supervisory levy (Levy)
The Government imposed Levy is used to recover operational costs of APRA and certain costs of some other Commonwealth departments and agencies.
Until 2017/2018 inclusive, there will be a temporary increase in the Levy to cover the costs associated with implementation of the Government’s SuperStream measures.
The amount of the Levy is determined by the Government each year. Payment of the Levy from the Fund’s assets will flow through as a reduction in your account balance at the time the Levy is applied and will be included as part of your Indirect Cost Ratio. This will mean a reduction in your rate of return.
Stronger Super cost recovery
A temporary fee increase is also being introduced for the Fund. It is designed to recover a portion of the extraordinary costs that have been incurred by the Fund’s administrator in complying with the Government’s mandatory Stronger Super reforms. The major reforms enhance governance frameworks, improve administrative efficiencies and allow for transfer of default members into simple low cost default arrangements (MySuper products). The temporary fee increase will mean your Indirect Cost Ratio will increase by up to 0.10% per annum for at least the financial years ending 30 June 2015 to 2017, after which we would expect to remove the need for the fee increase.
Additional informationChange to the National Privacy Principles
On 12 March 2014, the Australian Privacy Principles (‘APP’) came into effect, replacing the National Privacy Principles and the Information Privacy Principles. These changes require us to be more transparent about how we collect, maintain and use the information we have about our customers. It also
requires us to take more care when determining who we share our information with and how it is shared.
Following the introduction of the APP, the Commonwealth Bank Group has introduced a new Privacy Policy outlining how we comply with them. The Privacy Policy can be viewed at commbank.com.au/privacy.
Insurance as you approach age 65 (applicable to super products only)
You can make contributions at any time before you turn 65, however, when you turn 65, superannuation legislation requires us to confirm with you that you have worked for at least 40 hours in a period of not more than 30 consecutive days in the financial year (‘the work test’*) before we can accept your contributions. If you are unable to meet the work test, and your insurance cover in super will extend past 65, you should make sure your Account balance is sufficient to cover your annual premiums in the future. If you have any questions, please contact us.
* For further details on ‘the work test’ and eligibility to contribute to superannuation, please refer to the ATO website.
Important information about your unit-linked investmentCMLA has a unit pricing policy and procedures about how it manages the unit pricing of your investment. These unit pricing policies have been adopted with a view to your investment being appropriately valued in all circumstances and investors being treated consistently and equitably.
We set out below how CMLA might act under certain circumstances.
Suspension policy
Under extraordinary circumstances, such as during periods of market disruption or other significant events, CMLA may need to temporarily stop calculating unit prices or the processing of transactions.
The types of events that may result in the suspension of unit price calculations or processing of transactions include (but are not limited to):
• where there is a significant disruption to the data, systems or other applications necessary to establish a reliable estimate of the value of assets, liabilities or unit prices;
2 3
• where unforeseen events mean that the valuation of assets cannot in good faith be estimated to an acceptable level of accuracy; and
• where there is a significant market movement and/or cash flow.
The calculation of unit prices and transaction processing will resume when the risk to investor interests as a whole has abated or been mitigated to a level acceptable to CMLA based on the consideration of the interests of our investors.
During such events, information and updates will be available to you by calling us.
Backdating and other events
Backdating occurs when a transaction needs to be processed with an old unit price rather than the current unit price. For example, to meet the obligations under a policy, a price at the date the instruction is received may be used rather than the date the instruction is processed.
CMLA will:
• backdate transactions where necessary to ensure that transacting investors receive the appropriate unit price required by the relevant policy obligations; and
• make appropriate adjustments to the unit price of affected investment options to mitigate the impacts of the backdating and ensure that investors are not unduly affected by backdated transactions.
CMLA might also need to make adjustments to unit prices to ensure they reflect the ’best estimate’ of the net value of the investment option and its units.
CMLA may adjust the calculation of its unit prices, rather than suspend unit pricing, in circumstances where:
• errors are known to have occurred in the calculation of a unit price before it is released, or there are reasonable grounds to suspect an error has occurred, and these could not have been corrected immediately or would have taken time to investigate further; or
• CMLA believes that the available asset valuations do not reflect the true or fair value of those assets or there are inconsistencies between the value of assets and liabilities.
Unit pricing adjustment and error compensation
Unit prices are calculated on a daily basis by CMLA. The calculation process for these unit prices takes into account a number of inputs and assumptions. Sometimes, it is discovered that an error has been made in the calculation process, resulting in an incorrect unit price. In that case an adjustment in the unit price may be required. Also, if you have transacted at the incorrect unit price, the value of your policy could be incorrect.
CMLA has established a policy to deal with these events and return investors to a financial position that is materially the same as if the error had not occurred. If the error is material, you may be entitled to compensation. CMLA will generally use a variance of 0.30% (0.05% for cash based investment options) in the unit price in determining whether individual compensation is payable.
If a unit pricing error is greater than or equal to these variances, we may pay you compensation:
• by crediting your account with the amount due; or
• where your account is closed, if the amount of the adjustment is greater than a payment threshold of $20 (or less at CMLA discretion), by sending you a payment by cheque or electronic funds transfer.
Note: if you have not met a condition of release, compensation will be paid to a new account in SuperTrace or another superannuation or retirement savings account product.
The tolerance levels we use are in line with industry standards and regulatory practice guidelines. In some cases we may provide compensation where the unit pricing error is less than the tolerance levels.
Valuation of unlisted assets
The Fund may have exposure to a variety of unlisted assets. CMLA will ensure the valuations of investment assets and associated liabilities are appropriate. This includes the valuation of real property and other investments (including infrastructure) which are not valued on a daily basis.
Changes to investment optionsStrategic asset allocations
CMLA has an ongoing process in place to review and, where appropriate, adjust the strategic asset allocations and strategies of the investment option/s.
As part of this process, CMLA revised the benchmark asset allocation and ranges with the aim to maintain or improve risk adjusted returns to members.
The changes were effective from 8 April 2014.
Investment options
Australian shares
Global shares Property Securities*
Alternatives** Fixed interest***
Cash Total
Capital stable Benchmark 11.0% 9.0% 0.0% 10.0% 37.5% 32.5% 100.0%
Min 4.0% 3.0% 0.0% 0.0% 27.5% 20.0%
Max 20.0% 15.0% 10.0% 20.0% 50.0% 45.0%
Balanced Benchmark 18.0% 18.0% 0.0% 14.0% 25.0% 25.0% 100.0%
Min 5.0% 5.0% 0.0% 0.0% 12.0% 20.0%
Max 25.0% 25.0% 10.0% 22.0% 45.0% 35.0%
* Includes Australian and international listed property trusts (hedged). ** These are investments in non-traditional sectors, such as private equity and infrastructure investments. *** Includes Australian and international bonds (hedged).
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Property Fund
On 8 April 2014, CMLA revised the investment strategy for the following Property Fund investment option:
Product and investment options
Investment option code
Colonial Select Personal Superannuation
Colonial Property Fund SXCPRO
These investment options now invest in the CFS First Choice Wholesale Global Property Securities (‘WGPS’) option.
Investment objective of WGPS
To provide capital growth and income from a diversified portfolio of global listed property investments.
Investment strategy of WGPS
To invest in a diversified portfolio of property securities. The investments are managed by a number of leading global property securities managers, which is designed to deliver more consistent returns with less risk than would be achieved if investing with a single investment manager. The portfolio aims to hedge currency risk.
Return objective of WGPS (before fees and taxes)
Measurable investment objective
Time horizon (years)
To outperform the UBS Global Investors Index (Net dividends reinvested), hedged to Australian dollars over rolling three-year periods before fees and taxes.
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CFS Wholesale Global Share Fund
Effective 4 December 2013 the Trustee approved some changes to the Colonial First State Wholesale Global Share Fund investment option.
What has changed?
• The Colonial First State Wholesale Global Share Fund has been re-named the Colonial First State Wholesale Worldwide Leaders Fund.
• First State Stewart has been appointed as the new manager of the fund.
• The Colonial First State Wholesale Worldwide Leaders Fund differs from the Colonial First State Wholesale Global Share Fund in terms of investment strategy, tracking error range and benchmark. Details of the Colonial First State Wholesale Worldwide Leaders Fund are shown in the table below.
• The fees and costs remain the same.
Colonial First State Wholesale Worldwide Leaders Fund
Objective To provide long-term capital growth that exceeds the MSCI AII Countries World Index over rolling three year-periods before fees and taxes.
Strategy/Style To invest in a diverse portfolio of securities primarily of larger companies (typically a market capitalisation of over $3bn) which are listed, traded or dealt on any of the regulated markets worldwide.
Benchmark MSCI All Countries World Index
CFS Geared Global Share Fund
Effective 4 December 2013, the Trustee approved some changes to the Colonial First State Geared Global Share Fund investment option.
Benchmark allocation of WGPS – target benchmark asset allocation and ranges:
Asset class Benchmark (%)
Minimum allocation (%)
Maximum allocation (%)
Global Listed Property 100 95 100
Cash 0 0 5
Total allocation 100
What has changed?
• The Colonial First State Wholesale Geared Global Share Fund has been re-named the FirstChoice Wholesale Geared Global Share Fund.
• Firstchoice Investments has been appointed as the new manager of the fund.
• The FirstChoice Wholesale Geared Global Share Fund differs from the Colonial First State Wholesale Geared Global Share Fund in terms of investment strategy and benchmark. Details of the FirstChoice Wholesale Geared Global Share Fund are shown in the table below.
• The fees and costs remain the same.
FirstChoice Wholesale Geared Global Share Fund
Objective To magnify long-term capital growth by borrowing to invest in a diversified portfolio of global shares. The option aims to outperform the MSCI All Countries World Index, over rolling seven-year periods before fees.
Strategy/Style To invest in a diversified portfolio of companies. The investments are managed by combining the portfolios of a number of leading global share managers to provide an actively managed, diversified portfolio. The option utilises gearing to magnify returns from underlying investments. Investors’ capital in the option is not hedged, but the option may hedge up to 100% of the currency exposure relating to the borrowings of the option.
Benchmark MSCI World All Countries World Index
Perpetual Split Growth Fund
Effective 14 May 2014, the Perpetual Split Growth Fund was terminated and replaced with the FirstChoice Wholesale High Growth Fund. Member’s account balances and unit prices were unaffected however normal transaction costs applied. The details shown on the table at the end of this document now reflect the FirstChoice Wholesale High Growth Fund version that has replaced the Perpetual Wholesale Split Growth Fund.
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CLN
1899
010
914
Enquiries 1800 552 660 8.30 am to 6 pm (Sydney time) Monday to Friday
Email [email protected]
Postal address The Colonial Mutual Life Assurance Society Limited Locked Bag 5075 Parramatta NSW 2124
1. This refers to the inception date for the investment options in Colonial Select Personal Superannuation only.
2. Where an investment option has been in existence for less than 5 or 10 years a ‘Since inception (% p.a.)’ return is provided. This refers to the investment option’s compound (% p.a.) average effective return from its inception date to 30 June 2014. The inception date of an investment option is the date at which units in that investment option, available through this product, could be first purchased.
3. For all investment options, the asset allocations and the assets in the product can vary at the investment manager’s discretion. The investment managers aim to maintain the assets of each investment option within the minimum and maximum ranges published. However, there may be times when an investment option’s asset allocation falls outside these ranges.
4. The Investment Management fee covers the costs of managing your investment options and includes investment and administration costs for the investment managers and the responsible entities of the underlying trusts in which CMLA invests. Custody and other costs are included in cases where these have not been deducted from the underlying assets. The fee is calculated as a percentage of the total assets of the investment option and varies from time to time. It is deducted from the investment option assets before the unit prices are calculated.
5. Closed investment options are not available to all members.
6. Profits are distributed to members through the declaration of bonus rates. No fees are allowed for in the determination of bonus rates.
7. CMLA charges a fee in the unit price. Please note this fee is fully rebated via issued units within Colonial Personal Superannuation Portfolio only.
* Includes Australian and international listed property trusts (hedged).
** Alternatives include private equity, infrastructure and direct property for all investment options except for Property, where alternatives invest in direct property only.
*** Includes Australian and international bonds (hedged).
Trustee’s investment objectives and strategies
Notes
The investment strategy for all unit-linked products in the CSRF was changed from “Invest in Policies issued by CMLA as required by the governing rules of the Fund” to “Invest in appropriate investment vehicles to achieve the investment objective of the Fund’s products” effective 25th September, 2013. This change was as a result of regulatory reform.
The investment strategy for all investment account products in the CSRF was changed from “Invest in Policies issued by CMLA as required by the governing rules of the Fund” to “Invest in appropriate Life Insurance Policies to achieve the investment objective of the Fund’s products” effective 25th September, 2013. This change was as a result of regulatory reform.
Product group within the Fund Investment objectives Investment strategies
Unit-linked products To provide a diversified range of investment options. Invest in appropriate Life Insurance Policies to achieve the investment objective of the Fund’s products.
Investment account participating business To meet the obligations of the Policies, which are broadly to provide an interest bearing capital guaranteed benefit on surrender, death or maturity.
Invest in appropriate Life Insurance Policies to achieve the investment objective of the Fund’s products.
Investment account non-participating business To meet the obligations of the Policies, which are broadly to provide an interest bearing capital guaranteed benefit on surrender, death or maturity.
Invest in appropriate Life Insurance Policies to achieve the investment objective of the Fund’s products.
Investment option name Investment option objective
Asset allocation (%) as at 30 June 20143
Investment management fee (% p.a.)4
Investment option code
Inception date
Yearly returns as at 30 June (%)
5 year compound
average return to 30 June 2014
(% p.a.)2
10 year compound
average return to 30 June 2014
(% p.a.)2
Investment option code
Inception date1
Yearly returns as at 30 June (%)
5 year compound
average return to 30 June 2014
(% p.a.)2
10 year compound
average return to 30 June 2014
(% p.a.)2Aust
sharesInt
sharesListed
property* Alternatives** Fixed interest*** Cash 2014 2013 2012 2011 2010 2014 2013 2012 2011 2010
Aggressive Strategy Investment exposure is primarily to growth assets.
International shares7 Years + Risk/return profile: high
Multi-Manager Global Share Fund To provide long-term capital growth from a diversified portfolio of global shares. - 96.9 - - - 3.1 0.911 EXCMOE 26 Apr 2002 22.43 32.07 -5.27 2.27 3.95 10.51 2.76 SXCMOE 26 Apr 2002 20.18 28.05 -4.55 2.13 3.57 9.46 2.56
MFS Global Equity Option To provide capital appreciation over the longer term by investing in a diversified portfolio of global shares (unhedged) and to outperform its benchmark (the MSCI World Net Index in $A) over rolling three to five year periods, before taking into account the option's fees and expenses. - 98.2 - - - 1.8 0.951 EXAMOE 06 Mar 2006 19.30 40.10 -0.21 4.92 6.73 13.66 1.88 SXAMOE 06 Mar 2006 17.40 34.90 -0.07 4.87 5.77 12.22 2.02
BT Core Global Share Option To provide a portfolio of international investments that aims to provide a return (before fees, costs and taxes) that exceeds the MSCI World(ex Australia) Index (net dividends reinvested), in Australian dollar terms, over the medium-to-long term. - 98.7 - - - 1.3 1.291 EXROOE 21 May 2002 21.07 33.92 -1.00 2.73 5.51 11.97 3.68 SXROOE 30 Apr 2002 19.62 30.59 -0.94 2.30 4.79 10.90 3.40
FirstChoice Wholesale Geared Global Share Fund (replaces Colonial First State Wholesale Geared Global Share Fund) To provide long-term capital growth by investing in a portfolio of stocks from around the world. - 97.9 - - - 2.1 1.151 EXFSGG 22 Aug 2002 - - - - - - - SXFSGG 01 May 2002 26.80 43.06 -3.36 11.80 1.71 15.14 2.81
Colonial First State Wholesale Global Resources Fund To provide long-term capital growth by predominantly investing in resource companies from around the world. - 96.9 - - - 3.1 1.151 EXFSRE 13 Jun 2002 28.39 -7.72 -29.72 14.57 16.76 2.41 7.38 SXFSRE 06 May 2002 25.54 -7.15 -27.63 13.23 15.03 2.11 6.70
Colonial First State Wholesale Worldwide Leaders (replaces Colonial First State Wholesale Global Share Fund) To provide long-term capital growth by investing in a diversified portfolio of shares from around the world. - 81.5 - - - 18.5 1.151 EXFSOE 09 May 2002 14.80 33.55 0.05 2.34 -0.29 9.67 3.16 SXFSOE 12 May 1999 13.56 30.26 -0.03 2.34 -0.13 8.87 2.73
Colonial First State Wholesale Index Global Share Fund To closely track the MSCI World (ex Australia) Index with the aim of generating returns (before tax and fees and assuming income is reinvested) comparable to the world sharemarkets as measured by that benchmark (unhedged). - 99.2 - - - 0.8 0.235 EXCTOE 26 Apr 2002 21.93 32.13 -0.98 2.38 3.19 11.30 3.79 SXCTOE 26 Apr 2002 20.06 28.65 -0.22 2.25 2.80 10.41 3.58
Capital International Global Share Option To provide exposure to primarily international shares with potential for a high level of growth over the long term, with the benefit of exposure to world growth opportunities and to currencies other than the Australian dollar. - 96.7 - - - 3.3 0.971 EXCSOE 26 Apr 2002 19.59 34.28 -2.92 1.15 3.10 10.52 3.35 SXCSOE 23 May 2002 17.84 30.60 -2.47 1.18 2.88 9.61 3.12
Perpetual International Option To provide long-term capital growth through investment in international shares. - 97.0 - - - 3.0 1.226 EXFIOE 26 Apr 2002 15.88 28.93 -0.64 -2.09 1.15 8.29 3.33 SXFIOE 23 May 2002 14.77 26.65 -0.05 -1.71 1.37 7.92 2.81
Schroder Asia Pacific Fund To outperform the MSCI All Countries Asia ex-Japan Index over the medium-to-long term. - 98.4 - - - 1.6 0.970 EXSAOE 31 Mar 1998 18.10 20.57 -0.78 0.82 12.81 9.91 9.40 SXSAOE 31 Mar 1998 16.91 18.93 -0.81 1.43 12.18 9.39 8.65
Australian shares7 Years + Risk/return profile: high
Multi-Manager Australian Share Fund To provide long-term capital growth and some tax-effective income from a diversified portfolio of predominantly Australian companies. 97.6 - - - - 2.4 0.700 EXCMDE 26 Apr 2002 19.31 25.94 -6.20 8.06 17.96 12.04 10.64 SXCMDE 26 Apr 2002 17.31 23.30 -6.18 7.23 15.64 10.62 9.49
Ausbil Australian Active Equity Option To provide long-term growth with moderate tax-effective income. 99.1 - - - - 0.9 0.491 EXCSDE 31 May 2005 23.48 28.79 -6.09 8.53 18.71 13.50 11.45 SXCSDE 31 May 2005 21.25 25.33 -5.81 7.34 17.00 12.00 10.34
BT Core Australian Share Option To provide a return (before fees, costs and taxes) that exceeds the S&P/ASX 300 Accumulation Index over the medium-to-long term. 98.5 - - - - 1.5 1.000 EXRODE 31 Jan 1997 21.76 25.86 -7.18 8.13 14.76 11.66 10.54 SXRODE 28 Feb 1995 20.08 23.65 -7.03 7.18 13.37 10.55 9.54
Colonial First State Wholesale Australian Share Fund - Core To provide long-term capital growth with some income by investing predominantly in a broad selection of Australian companies. 97.4 - - - - 2.6 0.491 EXCPAS 07 May 2002 17.89 26.60 -3.25 9.58 16.24 12.68 12.33 SXCPAS 01 May 2002 15.73 23.01 -3.45 8.96 14.99 11.18 10.75
Colonial First State Wholesale Geared Share Fund To magnify long-term returns from capital growth by borrowing to invest in large Australian companies. 96.4 - - - - 3.6 1.025 EXFSGS 31 Oct 2001 37.50 73.20 -25.79 0.68 23.34 16.36 13.87 SXFSGS 01 May 2001 34.25 64.85 -23.77 0.35 23.30 15.12 12.98
Colonial First State Wholesale Imputation Fund To provide long-term capital growth with some tax-effective income by investing in a broad selection of Australian companies. 98.4 - - - - 1.6 0.951 EXFSDE 31 May 1997 18.92 29.01 -5.80 8.82 18.30 12.82 10.75 SXFSIM 18 Oct 2001 16.54 24.98 -5.47 7.80 15.85 11.09 9.52
Colonial First State Wholesale Index Australian Share Fund To closely track the S&P/ASX 200 Accumulation Index with the aim of generating returns (before tax and fees and assuming income is reinvested) comparable to the Australian sharemarket as measured by that benchmark. 99.4 - - - - 0.6 0.225 EXCTDE 20 Sep 2002 19.82 25.79 -4.87 9.90 17.60 12.75 10.56 SXCTDE 26 Apr 2002 17.59 22.71 -4.67 8.56 15.62 11.20 9.29
Colonial First State Wholesale Small Companies Fund - Core To provide long-term capital growth by investing predominantly in small Australian companies. 96.1 - - - - 3.9 0.511 EXCPSC 13 Jun 2002 27.67 12.92 -2.29 13.52 21.12 13.88 13.72 SXCPSC 14 May 2002 24.85 11.77 -2.38 11.95 18.34 12.32 12.35
Maple-Brown Abbott Imputation Option To invest in Australian-listed shares and provide tax-effective quarterly income and long-term capital growth that outperforms the S&P/ASX 200 Accumulation Index over rolling four-year periods. 95.1 - - - - 4.9 0.920 EXMBIM 26 Apr 2002 19.34 31.29 -5.27 5.83 15.36 12.19 10.33 SXMBIM 26 Apr 2002 17.56 27.59 -5.16 5.21 13.65 10.83 9.11
Perpetual Industrial Share Option To provide long-term capital growth and income through investment in quality Australian industrial shares. 94.8 - - - - 5.2 0.919 EXPPIS 31 Oct 2001 20.55 34.54 6.12 7.64 18.09 16.56 11.27 SXPPIS 23 Oct 2001 18.87 30.74 5.23 6.46 15.99 14.75 10.04
Schroder Australian Equity Option To outperform the S&P/ASX 200 Accumulation Index over the medium-to-long term by investing in a broad range of companies from Australia and New Zealand. 98.4 - - - - 1.6 0.640 EXSADE 06 May 2002 18.26 28.23 -2.87 12.20 20.99 14.52 12.07 SXSADE 02 May 2002 16.66 26.03 -2.99 11.10 18.37 13.11 10.78
Property5 Years + Risk/return profile: medium to high
Multi-Manager Property Securities Fund To provide capital growth and income from a diversified portfolio of listed property investment. - - 95.6 - - 4.4 0.460 EXCMPS 23 May 2002 14.65 24.21 11.66 4.74 22.03 15.21 2.38 SXCMPS 26 Apr 2002 13.89 23.53 11.11 3.99 19.88 14.25 1.91
BT Property Investment Option To provide a return (before fees, costs, and taxes) that exceeds the S&P/ASX 300 A-REIT Accumulation Index over the medium-to-long term. - - 98.6 - - 1.4 0.800 EXROPR 31 Jul 1997 12.67 21.35 11.71 4.62 20.90 14.03 3.61 SXROPR 29 Apr 1997 10.91 18.20 10.59 3.88 19.21 12.39 3.11
Colonial First State Wholesale Property Securities Fund To provide medium-to-long term capital growth and income predominantly from a selection of listed property-related investments. - - 96.0 - - 4.0 0.800 EXFSPR 01 May 2002 12.70 23.01 10.26 2.74 20.37 13.52 0.95 SXFSPR 31 May 1999 10.78 21.96 9.56 2.18 18.42 12.32 0.92
Ironbark Wholesale Property Securities (Replaces RREEF Property Securities Option)
To provide income returns and achieve long-term capital growth through investment in property securities listed on the Australian Securities Exchange. - - 97.9 - - 2.1 0.751 EXDPPS 26 Apr 2002 13.05 21.97 10.59 3.32 24.32 14.37 2.05 SXDPPS 26 Apr 2002 11.23 18.87 10.36 2.18 22.93 12.86 1.77
Diversified7 Years + Risk/return profile: high
Multi-Manager High Growth Fund To provide long-term capital growth by investing in growth assets. 38.3 38.7 9.8 9.8 - 3.4 0.800 EXCMHG 09 Oct 2002 20.83 24.85 -5.13 12.47 16.54 13.31 7.56 SXCMHG 09 May 2002 18.87 22.14 -4.77 11.04 14.29 11.80 6.65
Colonial First State Wholesale High Growth Fund To provide long-term capital growth by investing in a diversified portfolio of Australian and international shares. 48.8 46.4 - - - 4.8 1.151 EXFSHG 13 Jun 2002 19.28 25.65 -4.37 7.42 -13.33 5.94 7.39 SXFSHG 01 May 2002 17.38 22.75 -4.29 6.63 11.52 10.38 6.55
First Choice Wholesale High Growth (replaces Perpetual Split Growth Option) To provide long-term capital growth by investing in growth assets. 38.3 38.7 9.8 9.8 - 3.4 0.800 EXFIGR 06 May 2002 16.78 31.61 1.54 1.79 8.24 11.45 6.34 SXFIGR 01 May 2002 15.12 27.94 1.84 1.60 7.22 10.32 5.72
Growth Strategy Focus is on growth assets. Defensive assets provide stability to returns.
Diversified5 Years + Risk/return profile: medium to high
Multi-Manager Growth Fund To provide long-term capital growth with less fluctuations of returns than ‘high growth’ investment options. 31.0 27.5 8.0 10.7 17.2 5.6 0.680 EXCMGR 26 Apr 2002 16.48 20.14 -1.26 10.09 14.68 11.70 7.36 SXCMGR 26 Apr 2002 14.77 17.91 -1.31 8.88 12.98 10.37 6.56
BT Active Balanced Option To provide a return (before fees, costs and taxes) that exceeds the option’s benchmark over the medium-to-long term. 40.3 22.1 6.4 - 25.6 5.6 1.031 EXRODI 31 Jan 1997 16.27 19.50 1.26 5.64 9.36 10.13 7.07 SXRODI 28 Feb 1995 14.89 17.58 0.88 5.03 8.46 9.13 6.32
Colonial First State Wholesale Diversified Fund To provide medium-to-long term capital growth, together with some income, by investing in cash, fixed interest, property and shares. 30.1 28.2 5.2 5.2 25.7 5.6 0.951 EXFSDI 06 May 2002 15.66 19.12 -0.43 6.50 12.34 10.36 6.71 SXFSDI 11 May 1999 14.11 17.04 -0.55 5.72 11.09 9.25 5.90
Multi-Index Balanced Fund To provide capital growth and income over the long-term. 28.3 29.0 6.1 6.1 24.9 5.6 0.570 EXCSGR 26 Apr 2002 16.41 18.46 0.93 10.92 15.63 12.24 8.31 SXCSGR 26 Apr 2002 14.96 16.57 0.56 9.83 13.67 10.93 7.32
Perpetual Balanced Growth Option To provide long-term capital growth and income through investment in a diversified portfolio with an emphasis on Australian and international share investments. 29.0 24.8 2.3 - 29.6 14.3 0.965 EXPPBA 26 Apr 2002 13.52 22.16 1.69 6.42 13.12 11.08 7.78 SXPPBA 26 Apr 2002 12.07 19.51 1.33 5.68 11.42 9.77 6.89
Moderate Strategy Investment strategy slightly favours growth assets, with defensive assets providing stability to returns.
Diversified4 Years + Risk/return profile: medium
Multi-Manager Moderate Fund To provide a balance of income and capital growth over the medium-to-long term. 23.0 20.2 6.0 8.6 34.1 8.1 0.571 EXCMMO 06 May 2002 13.73 16.10 1.71 9.38 14.15 10.82 7.35 SXCMMO 26 Apr 2002 12.33 14.30 1.33 8.19 12.35 9.55 6.47
Colonial First State Wholesale Balanced Fund To provide a balance of income and capital growth from investments in cash, fixed interest, property and shares over the medium term. 19.9 23.6 5.2 - 35.7 15.6 0.851 EXFSBA 01 Oct 2001 12.77 12.73 -2.19 6.34 10.49 7.83 5.86 SXFSBA 01 Oct 2001 10.97 11.15 -2.19 5.52 9.08 6.74 5.01
Perpetual Diversified Growth Option To provide long-term capital growth and regular income through investment in a diversified portfolio of growth and income assets. 21.1 18.7 2.4 - 40.4 17.4 0.965 EXPPGR 06 May 2002 11.16 17.99 3.79 5.68 10.53 9.67 7.01 SXPPGR 02 May 2002 10.01 15.64 3.27 4.99 9.47 8.56 6.18
Conservative Strategy Focus is on defensive assets with an average exposure of 30% to growth assets.
Diversified3 Years + Risk/return profile: low to medium
Multi-Manager Conservative Fund To provide relatively stable returns over the medium term with the potential for some long-term capital growth. 10.7 9.5 3.5 5.5 34.9 35.9 0.551 EXCMCO 13 Jun 2002 8.80 9.74 4.89 7.87 11.00 8.41 6.62 SXCMCO 26 Apr 2002 7.82 8.54 4.18 6.70 9.72 7.34 5.78
Colonial First State Wholesale Conservative Fund To provide a regular income stream while maintaining and potentially increasing the value of your capital over the medium term. 14.9 9.2 5.2 - 40.7 30.0 0.751 EXFSCS 11 Dec 2001 8.81 9.91 1.88 6.01 9.63 7.16 6.23 SXFSCS 11 May 1999 7.69 8.95 1.44 5.12 8.44 6.24 5.36
Multi-Index Conservative Fund To provide relatively stable returns over the medium term with the potential for some long-term capital growth. 11.9 11.9 3.0 3.0 30.0 40.2 0.510 EXCSCS 06 May 2002 9.20 9.34 5.06 7.97 10.63 8.41 6.09 SXCSCS 30 Apr 2002 8.20 8.17 4.42 6.77 9.10 7.32 5.25
Perpetual Conservative Growth Option To provide moderate growth over the medium term and income through investment in a diversified portfolio with an emphasis on cash and fixed income securities. 12.4 10.4 2.3 - 43.9 31.0 0.951 EXPPCO 30 Apr 2002 7.97 12.12 5.37 5.47 9.95 8.09 6.66 SXPPCO 26 Apr 2002 7.01 10.63 4.60 4.74 8.67 7.04 5.81
Defensive Strategy Investment exposure is primarily domestic cash and short term securities.
Fixed InterestUp to 3 Years + Risk/return profile: low to medium
Multi-Manager Fixed Interest Fund To provide relatively stable returns with low potential for capital loss by investing in Australian and global fixed interest securities. - - - - 100.0 - 0.371 EXCMFI 10 May 2002 7.06 4.24 11.18 7.14 12.48 8.39 6.86 SXCMFI 26 Apr 2002 6.23 3.69 9.48 6.01 11.01 7.27 5.91
Aberdeen Australian Fixed Income Option (replaces Deutsche Australian Bond Option) To outperform the UBS Australian Composite Bond Index (All Maturities), over rolling three-year periods. - - - - 100.0 - 0.451 EXACFI 26 Apr 2002 6.40 2.04 11.77 6.30 9.23 7.11 6.14 SXACFI 26 Apr 2002 5.62 1.56 10.19 5.44 8.09 6.16 5.26
Colonial First State Wholesale Australian Bond Fund To provide income-based returns which exceed, over the medium term, the return provided by indices of investment grade bonds issued in the Australian market. - - - - 100.0 - 0.451 EXFSDF 10 May 2002 6.18 3.23 7.87 6.22 7.91 6.28 5.99 SXFSDF 19 May 1999 5.22 2.66 6.84 5.27 6.92 5.38 5.09
DiversifiedUp to 3 Years Risk/return profile: low to medium
Multi-Manager Defensive Fund To provide relatively stable returns with low potential for capital loss. 4.8 2.8 2.0 - 49.9 40.5 0.451 EXCMLR 26 Jun 2002 6.52 6.37 7.92 6.60 10.25 7.52 6.35 SXCMLR 04 Jun 2002 5.96 5.48 6.76 5.47 8.99 6.51 5.47
CashUp to 3 Years Risk/return profile: low to medium
Colonial First State Wholesale Premium Cash Fund To outperform (before tax and fees and assuming income is reinvested) the returns of Australian money markets as measured by an index of the Reserve Bank of Australia Cash Rate. - - - - - 100.0 0.380 EXCPCA 30 Apr 2002 2.43 3.05 4.43 4.79 3.75 3.69 4.76 SXCPCA 30 Apr 2002 2.06 2.55 3.73 4.09 3.17 3.10 4.06
Closed Options5 (Pension)
Colonial Australian Equities Fund To provide long-term capital growth through investing predominately in shares of Australian listed companies. This investment option is suited to investors seeking high returns who are prepared to accept volatility of returns. This relates to a unit-linked product. 98.2 - - - - 1.8 0.600 EPAEQU 28 Feb 1995 18.11 24.77 -4.27 9.66 17.64 12.34 10.05
Colonial Australian Fixed Interest Fund To provide income with the potential for higher returns than cash through investment in fixed interest investments. This investment option is suited to investors who want a reasonable level of security with the potential to provide higher returns than cash options. This relates to a unit-linked product. - - - - 98.1 1.9 0.500 EPAFIX 28 Feb 1995 7.49 4.06 9.83 6.97 9.98 7.64 6.95
Colonial Balanced Fund To provide income and growth with a focus on capital appreciation. This investment option is weighted towards equity investments and is suited to investors who are prepared for volatile investment returns. This relates to a unit-linked product. 27.8 34.0 - 15.5 13.1 9.6 0.625 EDISCR 28 Feb 1995 15.28 17.80 3.24 10.57 9.72 11.11 7.90
Colonial Capital Guaranteed Fund (participating) To provide crediting rates, before tax and fees, in excess of inflation over rolling 3 year periods and provide security of capital. This investment option is suited to investors who want a high degree of security. 6.8 4.8 - 8.5 70.3 9.6 N/A6 ECPGTD 01 Jan 1990 7.43 6.91 7.11 5.73 4.54 6.34 7.18
Colonial Capital Guaranteed Fund (Ex-CMF) (non-participating) To provide crediting rates, before tax and fees, in excess of inflation over rolling 3 year periods and provide security of capital. This investment option is suited to investors who want a high degree of security. 5.8 3.4 - 6.7 40.0 44.1 0.500 ECOKAU 01 Mar 1991 5.12 3.89 3.35 3.94 4.87 4.23 5.33
Colonial Capital Safe FundTo provide a reasonably high level of security and consistent returns. This investment option is weighted towards fixed interest and cash investments and is suited to investors who want returns that are less volatile than options with a greater bias to growth investments. This relates to a unit-linked product.
11.0 13.1 - 10.0 33.8 32.1 0.625 ECAPSF 28 Feb 1995 8.78 8.45 5.88 8.13 9.00 8.01 6.86
Colonial Cash Fund To provide the highest level of security. This investment option is suited to investors who want a high degree of security. This relates to a unit-linked product. - - - - - 100.0 0.250 EPACAS 28 Feb 1995 2.78 3.48 4.71 5.37 4.44 4.15 5.10
Colonial First State Wholesale Australian Share Fund To provide long-term capital growth with some income by investing in a broad selection of Australian companies. 99.0 - - - - 1.0 0.950 EXFSAS 18 Nov 2001 20.67 30.49 -7.04 8.49 18.81 13.13 10.74
Colonial First State Wholesale Global Health & Biotechnology Fund To provide long-term capital growth by predominantly investing in companies around the world, whose primary business is in the field of pharmaceutical, biotechnology, medical devices, or medical services. - 95.8 - - - 4.2 1.150 EXFSHB 31 Dec 2001 34.78 38.38 12.10 5.91 6.19 18.92 8.26
Colonial First State Wholesale Global Technology & Communications Fund To provide long-term capital growth by predominantly investing in companies around the world, whose primary business is in the field of technology and/or communications. - 95.6 - - - 4.4 1.150 EXFSTC 31 Jan 2002 33.68 36.49 4.28 6.29 9.88 17.52 6.21
Colonial Growth Fund To provide significant growth from capital appreciation supported by income. This investment option is suited to investors seeking high returns and who are prepared to accept volatility of returns. This relates to a unit-linked product. 34.6 39.4 - 15.7 3.0 7.3 0.625 EGRWTH 28 Feb 1995 16.81 20.65 1.69 11.19 9.71 11.71 8.23
Colonial International Equities Fund To provide long-term capital growth through investing predominately in overseas listed companies. This investment option is suited to investors seeking high returns and who are prepared to accept volatility of returns. This relates to a unit-linked product. - 98.1 - - - 1.9 0.600 EPIEQU 28 Feb 1995 20.27 27.92 0.59 12.22 9.48 13.92 5.28
Closed Options5 (Personal)
Colonial Australian Equities Fund7 To provide long-term capital growth through investing predominately in shares of Australian listed companies. This investment option is suited to investors seeking high returns who are prepared to accept volatility of returns. This relates to a unit-linked product. 98.6 - - - - 1.4 0.600 SPAEQU 28 Feb 1995 16.48 -4.13 8.50 15.70 -15.92 11.00 10.03
Colonial Fixed Interest Fund7 To provide income with the potential for higher returns than cash through investment in fixed interest investments. This investment option is suited to investors who want a reasonable level of security with the potential to provide higher returns than cash options. This relates to a unit-linked product. - - - - 99.0 1.0 0.500 SPAFIX 28 Feb 1995 6.17 8.24 5.72 8.78 7.58 6.43 5.78
Colonial Balanced Fund7 To provide income and growth with a focus on capital appreciation. This investment option is weighted towards equity investments and is suited to investors who are prepared for volatile investment returns. This relates to a unit-linked product. 28.5 34.4 - 14.4 13.1 9.6 0.625 SDISCR 28 Feb 1995 13.37 2.21 9.11 9.41 -9.48 9.74 7.36
Colonial Capital Guaranteed Fund (participating) To provide crediting rates, before tax and fees, in excess of inflation over rolling 3 year periods and provide security of capital. This investment option is suited to investors who want a high degree of security. 6.4 4.4 - 9.4 70.4 9.4 N/A6 SCPGTD 01 Jan 1990 5.98 5.73 5.71 5.67 8.36 5.62 6.60
Colonial Capital Guaranteed Fund (Ex-CMF) (non-participating) To provide crediting rates, before tax and fees, in excess of inflation over rolling 3 year periods and provide security of capital. This investment option is suited to investors who want a high degree of security. 5.8 3.3 - 6.7 40.2 44.0 0.500 SCOKAT 01 Apr 1990 5.54 3.69 4.03 3.19 3.00 4.24 5.42
Colonial Capital Guaranteed Fund (Ex-MasterPac) (non-participating) To provide crediting rates, before tax and fees, in excess of inflation over rolling 3 year periods and provide security of capital. This investment option is suited to investors who want a high degree of security. 5.8 3.3 - 6.7 40.2 44.0 0.500 SCOLFG 30 Jun 1999 5.04 3.19 3.53 2.69 2.50 3.74 4.92
Colonial Capital Safe Fund7To provide a reasonable high level of security and consistent returns. This investment option is weighted towards fixed interest and cash investments and is suited to investors who want returns that are less volatile than options with a greater bias to growth investments. This relates to a unit-linked product.
11.4 13.2 - 9.6 33.8 32.0 0.625 SCAPSF 28 Feb 1995 7.52 4.89 6.86 8.34 -2.40 6.96 5.69
Colonial Cash Fund7 To provide the highest level of security. This investment option is suited to investors who want a high degree of security. This relates to a unit-linked product. - - - - - 100.0 0.250 SPACAS 28 Feb 1995 2.33 3.95 4.58 3.69 5.06 3.49 4.14
Colonial Consensus Managed Fund To provide income and growth with a focus on capital appreciation. This investment option is weighted towards equity investments and is suited to investors who are prepared for volatile investment returns. This relates to a unit-linked product. 27.5 33.9 - 14.9 13.2 10.5 0.400 SXCCNM 30 May 1997 13.64 2.33 9.13 11.71 -9.99 10.37 6.82
Colonial Consensus Stable FundTo provide a reasonably high level of security and consistent returns. This investment option is weighted towards fixed interest and cash investments and is suited to investors who want returns that are less volatile than options with a greater bias to growth investments. This relates to a unit-linked product.
11.2 12.9 - 9.7 33.4 32.8 0.400 SXCCMS 30 May 1997 7.73 4.91 6.78 8.86 -1.65 7.16 5.57
Colonial First State Wholesale Australian Share Fund To provide long-term capital growth with some income by investing in a broad selection of Australian companies. 99.0 - - - - 1.0 0.950 SXFSDE 17 Mar 1997 18.08 -6.52 7.16 16.19 -11.68 11.36 9.56
Colonial First State Wholesale Global Health & Biotechnology Fund To provide long-term capital growth by predominantly investing in companies around the world, whose primary business is in the field of pharmaceutical, biotechnology, medical devices, or medical services. - 95.8 - - - 4.2 1.150 SXFSHB 03 May 2002 32.89 11.12 5.24 5.60 -1.85 17.56 7.69
Colonial First State Wholesale Global Technology & Communications Fund To provide long-term capital growth by predominantly investing in companies around the world, whose primary business is in the field of technology and/or communications. - 95.6 - - - 4.4 1.150 SXFSTC 05 Jan 2001 31.70 3.83 5.96 8.94 -15.53 16.23 5.76
Colonial Growth Fund7 To provide significant growth from capital appreciation supported by income. This investment option is suited to investors seeking high returns and who are prepared to accept volatility of returns. This relates to a unit-linked product. 34.5 39.3 - 16.3 3.1 6.8 0.625 SGRWTH 28 Feb 1995 14.76 1.16 9.40 8.41 -11.92 10.12 7.57
Colonial International Equities Fund7 To provide long-term capital growth through investing predominately in overseas listed companies. This investment option is suited to investors seeking high returns and who are prepared to accept volatility of returns. This relates to a unit-linked product. - 98.4 - - - 1.6 0.600 SPIEQU 28 Feb 1995 18.60 -1.04 10.09 8.30 -16.43 12.32 4.43
Colonial Property Fund To provide income and long-term capital growth through investment in property investment. This investment option is suited to investors seeking the potential of high long-term growth with some volatility over shorter time periods. This relates to a unit-linked product. - - 100.0 - - - 0.600 SXCPRO 30 Jan 1998 11.25 6.41 10.19 11.10 -24.91 10.16 5.03
Colonial Select Personal Superannuation & CPSL MasterFund Superannuation & Colonial Personal Superannuation Portfolio
Colonial Select Allocated Pension
Product and investment option name Investment option code Investment option objective Risk/return profile
Asset allocation (%) as at 30 June 20143
Yearly returns as at 30 June (%) 5 year compound
average return to 30 June 2014
(% p.a.)2
10 year compound average return to
30 June 2014 (% p.a.)2
Investment management fee
(% p.a.)4Aust shares
Int shares
Direct/listed property* Alternatives** Fixed
interest*** Cash 2014 2013 2012 2011 2010
Flexible Income Retirement Plan
BT Active Balanced Option FEXRODI To provide a return (before fees, costs and taxes) that exceeds the option’s benchmark over the medium-to-long term. Medium 40.3 22.1 6.4 - 25.6 5.6 16.27 19.50 1.26 5.64 9.36 10.13 7.07 1.031
BT Core Australian Share Option FEXRODE To provide a return (before fees, costs and taxes) that exceeds the S&P/ASX 300 Accumulation Index over the medium-to-long term. High 98.5 - - - - 1.5 21.76 25.86 -7.18 8.13 14.76 11.66 10.54 1.000
BT Property Investment Option FEXROPR To provide a return (before fees, costs, and taxes) that exceeds the S&P/ASX 300 A-REIT Accumulation Index over the medium-to-long term. Medium/high - - 98.6 - - 1.4 12.67 21.35 11.71 4.62 20.90 14.03 3.61 0.800
Colonial Australian Equities Fund FEPAEQU To provide long-term capital growth through investing predominately in shares of Australian listed companies. This investment option is suited to investors seeking high returns who are prepared to accept volatility of returns. This relates to a unit-linked product. High 98.2 - - - - 1.8 18.11 24.77 -4.27 9.66 17.64 12.34 10.05 0.600
Colonial Fixed Interest Option FEPAFIX To provide income with the potential for higher returns than cash through investment in fixed interest investments. This investment option is suited to investors who want a reasonable level of security with the potential to provide higher returns than cash options. This relates to a unit-linked product. Low/medium - - - - 98.1 1.9 7.49 4.06 9.83 6.97 9.98 7.64 6.95 0.500
Colonial Balanced Fund FEDISCR To provide income and growth with a focus on capital appreciation. This investment option is weighted towards equity investments and is suited to investors who are prepared for volatile investment returns. This relates to a unit-linked product. Medium/high 27.8 34.0 - 15.5 13.1 9.6 15.28 17.80 3.24 10.57 9.72 11.11 7.90 0.625
Colonial Capital Guaranteed Fund (participating) FECPGTD To provide crediting rates, before tax and fees, in excess of inflation over rolling 3 year periods and provide security of capital. This investment option is suited to investors who want a high degree of security. Low/medium 6.8 4.8 - 8.5 70.3 9.6 7.43 6.91 7.11 5.73 4.54 6.34 7.18 N/A6
Colonial Capital Safe Fund FECAPSF To provide a reasonably high level of security and consistent returns. This investment option is weighted towards fixed interest and cash investments and is suited to investors who want returns that are less volatile than options with a greater bias to growth investments. This relates to a unit-linked product. Low/medium 11.0 13.1 - 10.0 33.8 32.1 8.78 8.45 5.88 8.13 9.00 8.01 6.86 0.625
Colonial Cash Fund FEPACAS To provide the highest level of security. This investment option is suited to investors who want a high degree of security. This relates to a unit-linked product. Low - - - - - 100.0 2.78 3.48 4.71 5.37 4.44 4.15 5.10 0.250
Colonial First State Wholesale Imputation Fund FEXFSDE To provide long-term capital growth with some tax-effective income by investing in a broad selection of Australian companies. High 98.4 - - - - 1.6 18.92 29.01 -5.80 8.82 18.30 12.82 10.75 0.951
Colonial Growth Fund FEGRWTH To provide significant growth from capital appreciation supported by income. This investment option is suited to investors seeking high returns and who are prepared to accept volatility of returns. This relates to a unit-linked product. High 34.6 39.4 - 15.7 3.0 7.3 16.81 20.65 1.69 11.19 9.71 11.71 8.23 0.625
Colonial International Equities Fund FEPIEQU To provide long-term capital growth through investing predominately in overseas listed companies. This investment option is suited to investors seeking high returns and who are prepared to accept volatility of returns. This relates to a unit-linked product. High - 98.1 - - - 1.9 20.27 27.92 0.59 12.22 9.48 13.92 5.28 0.600
Schroder Asia Pacific Fund FEXSAOE To outperform the MSCI All Countries Asia ex-Japan Index over the medium-to-long term. High - 98.4 - - - 1.6 18.10 20.57 -0.78 0.82 12.81 9.91 9.40 0.970
Colonial Flexible Income Retirement Plan
Please refer to Notes on back page.