Macquarie Super and Pension Manager Macquarie Super ...advisers.macquarie.com.au/retail/super/annual-report/pension... · Macquarie Super and Pension Manager ... prospects have led

Macquarie S

uper and Pension M

anager M

acquarie Super A

ccumulator

Macquarie Super and Pension Manager

Macquarie Super AccumulatorAnnual report to investors Year ended 30 June 2009

Macquarie Superannuation Plan Smart administration solutions made simple

Macquarie Investment Management Limited ABN 66 002 867 003 AFSL 237492 RSEL L0001281

Contents01 Welcome

02 The financial year in review

04 Investment returns to 30 June 2009

19 Asset allocation as at 30 June 2009

38 Investment strategies

41 Important information

43 Financial statements

46 Notes to and forming part of the financial statements

54 Trustee’s statement

55 Independent report by approved auditor to trustee and members

Macquarie Super and Pension Manager (Super and Pension Manager) together with Macquarie Super Accumulator (Super Accumulator) form part of a superannuation fund known as the Macquarie Superannuation Plan RSE R1004496. The trustee for the superannuation fund is Macquarie Investment Management Limited ABN 66 002 867 003 AFSL 237 492 RSEL L0001281 (MIML, Macquarie, the trustee, we, us).

MIML has appointed Bond Street Custodians Limited (BSCL) ABN 57 008 607 065 AFSL 237 489 to hold the fund’s investments in custody. BSCL and MIML are wholly owned subsidiaries of Macquarie Bank Limited ABN 46 008 583 542.

MIML is not an authorised deposit-taking institution for the purposes of the Banking Act (Cth) 1959, and MIML’s obligations do not represent deposits or other liabilities of Macquarie Bank Limited. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of the obligations of MIML.Investments in Super and Pension Manager and Super Accumulator are not deposits with or other liabilities of Macquarie Bank Limited or of any Macquarie Group company, and are subject to investment risk, including possible delays in repayment and loss of income or principal invested. Neither Macquarie Bank Limited, MIML, Macquarie Life Limited ABN 56 003 963 773 AFSL 237 497, Macquarie Equities Limited ABN 41 002 574 923, any other investment managers referred to in this annual report, nor any other member company of the Macquarie Group guarantees the performance of Super and Pension Manager or Super Accumulator or the repayment of capital from Super and Pension Manager or Super Accumulator.The information contained in this annual report is dated 15 December 2009 and is general information only. We have not taken into account your objectives, financial situation or needs. You should consider the appropriateness of this information, taking into account your objectives, financial situation and needs and the applicable PDS available from us or your adviser, before acting on any of the information in this annual report.

1

Welcome

15 December 2009

Dear Investor,

Welcome to the annual report for the Super and Pension Manager and Super Accumulator for the year ended 30 June 2009.

The 2008 – 2009 financial year has seen unprecedented levels of market volatility.

Although there has been an overall decline in the global economy throughout 2009 the outlook has been more positive for Australia. A resilient labour market coupled with an upswing in consumer and business confidence has helped Australia’s economy to remain strong throughout the crisis, with positive growth predictions of over three per cent forecast for 2010.

Although the challenges may not be over yet, I feel 2010 can be approached with more optimism. Favourable economic prospects have led to increasingly positive predictions of global economic growth, while favourable domestic conditions should continue to fuel positive sentiment, and may see a reverse in some of the losses made in 2009.

If you have any questions about this annual report or Super and Pension Manager or Super Accumulator in general, please contact your adviser.

Yours sincerely,

Neil Roderick Executive Director

Macquarie Investment Management Limited

This annual report includes information on:

Super Manager■■ and Super Accumulator, accumulation superannuation products

Pension Manager■■ , a retirement income solution incorporating an account based pension and Term Allocated Pension.

References to Pension Manager can be interpreted as references to both Pension Manager and Term Allocated Pension Manager.

The financial statements relate to the entire Macquarie Superannuation Plan which includes Macquarie Super and Pension Manager, Macquarie Super Accumulator, Macquarie SuperOptions and FutureWise Super – a risk only superannuation fund.

2

The past year has seen significant changes for financial markets and economic activity around the globe.

In the wake of the ‘sub-prime’ crisis, financial commentators hypothesised that the weaknesses in financial markets would continue for the remainder of 2009, perpetuating a downturn of historic proportions. Their predictions, however, didn’t adequately take account of the massive financial stimulus packages that were implemented around the globe. As this stimulus gained traction, the global economic outlook brightened and this was quickly reflected in improved financial markets.

The global economic outlookGlobal growth has fallen over the past year as volatility in financial markets spilled over into the real economy. A rapid collapse in housing market and consumer activity in the advanced economies of North America and Europe prompted a spike in unemployment, precipitating further declines in confidence and spending. This contributed to significant weakness in demand for emerging market exports. Global output contracted by around 1% in the 2009 financial year.

However, we are now seeing widespread upgrades for global growth forecasts for the year ahead.

Australian economic outlook The Australian economy has performed strongly through the global downturn. The resilience of the labour market has helped generate a sharp upswing in consumer and business confidence. Significant policy stimulus has also seen a resurgence in housing market activity, which will drive strong construction growth in the year ahead.

This stronger than expected domestic activity has put inflation back on the policymakers’ agenda. The Reserve Bank of Australia (RBA) was one of the first central banks in the world to begin tightening monetary policy since the onset of the global financial crisis when it raised rates in October. The RBA is expected to continue lessening the stimulus provided by monetary policy, bringing rates back to a neutral level (around 4.5%) over 2010.

Asset class performance The financial unrest of the global financial crisis had a considerable impact on asset returns over the past year. Falling asset values were severe and uniform, and this was most evident in global and domestic equity markets. From highs in November 2007 to lows in March 2009, the value of both the Australian (ASX 200) and international stock (MSCI International, ex Australia) indices fell by around 50%.

The most dramatic declines came in the six months following September 2008. Since March 2009, the ASX 200 has posted significant gains, as confidence in financial markets slowly returned. During the financial year, the ASX 200 had risen by more than 50% since its lowest point in March 2009, and international stocks were also up about 50% from their lows, leaving both markets around 30% below their late-2007 peaks.

The asset class hit most heavily by the downturn was the listed property sector. Excessive debt levels and concerns about the sustainability of dividend payments and the ability to refinance debt saw Real Estate Investment Trusts (REITs) forced to sell down property holdings and undertake capital raisings, causing a very weak performance. Australian REITs declined 71% from peak (October 2007) to trough (May 2009). Similarly to equities, during the financial year REITs had since risen 55% from their lows, but remained down 55% from their previous peak.

The one asset class to outperform in an environment of severe risk aversion was fixed interest products. Australian bank bills and bonds rose strongly as investors sought a safe haven in which to place their funds in the environment of falling interest rates. As consumer confidence grows and appetite for risk gradually rebuilds, the performance of fixed interest securities has steadied and equity markets continue to edge higher once again.

The financial year in review

3

2010Certainly 2010 will not be without its challenges, but the outlook is refreshingly positive. Market forecasts for global growth have been the subject of significant upgrades in recent months, highlighting the improvement in economic prospects. As activity begins to improve, the task for policymakers will be the timing and speed with which they can begin to remove the significant degree of stimulus in their respective economies.

The expected strength in the developing Asian region is a key component of the positive outlook for Australia. Demand for Australian minerals and energy is driving the resurgence in business investment, which was previously expected to be the weak point of the domestic economy in the coming year. At the same time, a rebound in building approvals will see residential construction improve, whilst stronger than expected employment conditions and improved consumer sentiment will help generate continued gains in consumer spending.

Improved sentiment is evident not only in spending, but amongst investors as well, which is likely to help equity markets in retracing more of the losses recorded over the previous 12 months.

GlossaryEmerging Market – countries which are in a period of rapid growth or industrialisation.

ASX 200 – stock market index of Australian stocks listed on the Australian Securities Exchange. Its value reflects the total value of all the stocks at that date.

MSCI International, ex Australia – Morgan Stanley Capital International Equity Indices. A market-capitalisation-weighted index designed to provide a broad measure of stock performance throughout the world, with the exception of Australian companies. Includes both emerging and world markets.

Real Estate Investment Trusts – a security that sells like a stock on the major exchanges and invests in real estate directly, either through properties or mortgages.

The information provided in this Annual Report is based on information as at 30 June 2009, and is derived from sources that are believed to be reliable at that time.

4

Investment returns to 30 June 2009

Investment name APIR Available in Super

Accumulator

Available in Super and Pension Manager

12 months to 30/6/09

(%)


(%)


(%)


(%)


(%)

5 year compound to 30/6/09

(% p.a.)

Since inception

to 30/6/09 (% p.a.)

Abacus Diversified Income Fund II ABA0008AU No Yes 8.50% 7.00% n/a n/a n/a n/a 7.75% p.a.

Aberdeen Australian Equities Fund MGL0114AU No No -15.08% -8.66% 23.07% 22.68% 28.31% 8.48% p.a. 8.72% p.a.

Aberdeen Australian Fixed Income Fund

CRS0004AU No No 11.39% 1.29% 3.80% 3.95% 7.96% 5.62% p.a. 7.24% p.a.

Aberdeen Australian Small Companies Fund

MGL0001AU No No -7.33% -20.27% 32.78% 23.50% 32.38% n/a 17.36% p.a.

Aberdeen Capital Growth Fund CRS0002AU Yes Yes -9.71% -10.30% 14.12% 18.31% 12.00% 4.14% p.a. 7.45% p.a.

Aberdeen Cash Fund CRS0009AU No Yes 5.57% -6.89% -6.33% -5.92% -5.74% -6.09% p.a. -5.84% p.a.

Aberdeen Cash Plus Fund MGL0101AU Yes Yes -6.59% 1.81% 6.26% 5.94% 6.07% 2.57% p.a. 4.00% p.a.

Aberdeen China Opportunities Fund ETL0031AU Yes Yes 3.65% -7.76% 24.52% 20.50% 11.67% 9.89% p.a. 9.88% p.a.

Aberdeen Classic Series Australian Equities Fund

CRS0003AU No Yes -15.15% -13.69% 26.22% 24.64% 23.55% 7.32% p.a. 9.18% p.a.

Aberdeen Classic Series Australian Small Companies Fund

CSA0131AU Yes Yes -25.74% -28.14% 37.32% 20.93% 27.42% 2.46% p.a. 10.01% p.a.

Aberdeen Classic Series International Equities Fund

CSA0136AU No No -15.07% -18.66% 4.22% 22.15% -2.55% -3.04% p.a. -6.20% p.a.

Aberdeen Emerging Opportunities Fund

ETL0032AU Yes Yes 1.03% -5.82% 28.09% 23.86% n/a n/a 12.81% p.a.


ETL0032AU Yes Yes 1.03% -5.82% 28.09% 23.86% n/a n/a 12.81% p.a.

Aberdeen Financials Fund EQI0027AU Yes Yes -3.61% -26.74% 24.16% 21.79% 23.29% 5.65% p.a. 9.22% p.a.

Aberdeen Financials Fund EQI0027AU Yes Yes -3.61% -26.74% 24.16% 21.79% 23.29% 5.65% p.a. 9.22% p.a.

Aberdeen Fully Hedged International Equities Fund

CSA0135AU Yes Yes -32.83% -11.45% 19.68% 20.86% 10.41% -1.02% p.a. -2.17% p.a.

Aberdeen International Equity Fund EQI0015AU Yes Yes -15.90% -13.84% 12.76% 34.13% 9.49% 3.71% p.a. 2.91% p.a.

Aberdeen International Equity Fund EQI0015AU Yes Yes -15.90% -13.84% 12.76% 34.13% 9.49% 3.71% p.a. 2.91% p.a.

Aberdeen International Fixed Income Fund

CRS0006AU No Yes 8.82% 8.46% 4.54% 0.47% 11.96% 6.78% p.a. 7.63% p.a.


CRS0006AU No Yes 8.82% 8.46% 4.54% 0.47% 11.96% 6.78% p.a. 7.63% p.a.

Aberdeen Sustainable Income Fund CRS0001AU Yes Yes n/a n/a n/a n/a n/a n/a -0.79% p.a.

Aberdeen Sustainable Income Fund CRS0001AU Yes Yes n/a n/a n/a n/a n/a n/a -0.79% p.a.

Acadian Australian Equity Long Short Fund

FSF0789AU No Yes -27.06% -12.58% 33.39% n/a n/a n/a -3.05% p.a.

Acadian Wholesale Australian Equity FSF0787AU No Yes -28.16% -13.29% 27.83% n/a n/a n/a -2.46% p.a.

Acadian Wholesale Global Equity Long Short Fund

FSF0788AU Yes Yes -29.29% -32.02% 9.42% n/a n/a n/a -18.46% p.a.

Acorn Capital Wholesale Microcap Trust

AUS0108AU Yes Yes -28.62% -18.04% 53.64% 30.57% n/a 7.61% p.a. 13.03% p.a.

Addwealth Achiever Fund TAM0001AU Yes Yes n/a n/a n/a n/a n/a n/a 11.10% p.a.

Advance Asian Equity Fund - Wholesale

ADV0083AU Yes Yes -4.01% -15.91% 17.69% 30.52% n/a 6.35% p.a. 6.35% p.a.

Advance Australian Geared Equity Fund - Wholesale

ADV0078AU Yes Yes -37.51% -36.72% 50.79% 26.39% 41.48% 1.29% p.a. 5.72% p.a.

Advance Australian Smaller Companies Fund

ADV0075AU No No -15.24% -19.60% 32.54% 16.35% 27.09% 5.96% p.a. 9.92% p.a.

Advance Concentrated Australian Equity Wholesale Fund

ADV0115AU No Yes -28.99% -13.97% 27.52% n/a n/a n/a -2.50% p.a.

Advance Global Alpha Fund ADV0117AU Yes Yes -21.38% -18.71% 7.54% n/a n/a n/a -5.79% p.a.

Advance Imputation Fund – Wholesale

ADV0046AU Yes Yes -13.12% -11.85% 23.13% 16.89% 20.62% 5.86% p.a. 7.95% p.a.

Advance International Sharemarket Fund - Wholesale

ADV0047AU Yes Yes -21.98% -23.22% 10.43% 11.98% -0.44% -5.79% p.a. -1.48% p.a.

Advance Australian Smaller Companies Multi-Blend Fund – Wholesale

ADV0096AU Yes Yes -28.84% -24.18% 52.76% 20.41% n/a n/a 0.24% p.a.

5


Accumulator



(%)


(%)


(%)


(%)


(%)


(% p.a.)

Since inception

to 30/6/09 (% p.a.)

All Star IAM Australian Share Fund VEN0006AU No Yes -15.89% n/a n/a n/a n/a n/a -12.77% p.a.

All Star Income Fund VEN0007AU No Yes -8.28% n/a n/a n/a n/a n/a -7.86% p.a.

Alpha Strategic Fund – Class B Units TOL0055AU Yes Yes 6.14% 8.84% 16.07% n/a n/a n/a 11.56% p.a.

AMP Capital Balanced Growth Fund – Class A

AMP0441AU Yes Yes -16.73% -11.64% 16.91% 18.23% 15.36% 3.24% p.a. 3.15% p.a.

AMP Capital China Fund 2 AMP1009AU Yes Yes 4.06% -22.32% 21.72% n/a n/a n/a -0.94% p.a.

AMP Capital Conservative Fund – Class A


AMP Capital Core Infrastructure Fund – Class A

AMP1179AU Yes Yes -5.73% n/a n/a n/a n/a n/a -4.43% p.a.

AMP Capital Core Property Fund – Class A

AMP1015AU Yes Yes -26.83% -9.97% 20.59% n/a n/a n/a -1.58% p.a.

AMP Capital Core Strategies Fund AMP0279AU No No 7.66% 2.55% 3.87% 3.78% 7.56% 5.06% p.a. 7.22% p.a.

AMP Capital Enhanced Yield Fund – Class A

AMP0685AU Yes Yes 1.98% 6.37% 8.86% 7.92% 7.52% 6.50% p.a. 7.51% p.a.

AMP Capital Equity Fund – Class A AMP0370AU Yes Yes -18.86% -9.65% 22.56% 27.94% 27.83% 8.00% p.a. 6.89% p.a.

AMP Capital Global Property Securities Fund – Class A

AMP0974AU Yes Yes -39.57% -22.02% 20.69% 24.56% n/a n/a -4.28% p.a.

AMP Capital Global Technology Fund Class A Units

AMP0365AU No No -18.44% -20.03% 5.33% 5.96% -8.33% -7.77% p.a. -15.83% p.a.

AMP Capital Listed Property Trust Fund – Class A

AMP0255AU Yes Yes -42.89% -37.56% 26.98% 18.21% 18.29% -8.74% p.a. 2.61% p.a.

AMP Capital Listed Property Trusts Ordinary Units

AMP0269AU No No -42.50% -37.17% 27.47% 18.78% 18.88% -8.25% p.a. 4.24% p.a.

AMP Capital Responsible Investment Balanced Fund - Class A

AMP0452AU Yes Yes -11.72% -10.62% 17.32% n/a n/a n/a 1.24% p.a.

AMP Capital Responsible Investment Leaders International Share Fund – Class A

AMP0455AU Yes Yes -13.84% -20.47% 9.44% 23.14% -1.00% -1.78% p.a. -6.77% p.a.

AMP Capital Small Companies Fund – Class A


AMP Capital Structured High Yield Fund – Class A

AMP1014AU No Yes 8.02% 11.78% 9.63% 10.13% n/a n/a 9.92% p.a.

AMP Capital Structured High Yield Fund – Ord Class

WID2 No No 8.26% 12.11% 10.03% 10.01% 9.13% 9.90% p.a. 8.57% p.a.

AMP Capital Sustainable Future Australian Share Fund – Class A


AMP Capital Wholesale Australian Share Fund – Class A

AMP0258AU No No -19.30% -10.31% 23.39% 26.54% 27.10% 7.51% p.a. 8.79% p.a.

AMP International Bond Fund – Class A

AMP0254AU No Yes -1.31% -1.25% 5.63% 1.86% 10.75% 3.03% p.a. 5.00% p.a.

Antares Lodestar Absolute Return Trust

ANT0001AU Yes Yes -18.61% -0.47% n/a n/a n/a n/a -6.49% p.a.

APN AREIT Fund APN0008AU No Yes n/a n/a n/a n/a n/a n/a n/a

APN Direct Property Fund APN0005AU No Yes -22.78% 3.64% 18.32% n/a n/a n/a 1.18% p.a.

APN Diversified Property Fund APN0006AU No Yes -31.45% -4.52% 17.05% n/a n/a n/a -4.27% p.a.

APN International Property for Income Fund

APN0003AU No Yes -51.08% -16.65% 17.17% 10.59% n/a n/a -7.73% p.a.

APN National Storage Property Trust APN0002AU Yes Yes -25.88% 2.70% 33.65% 9.36% 30.54% *8.25% 7.09% p.a.

APN Property For Income Fund APN0001AU No Yes -31.68% -28.02% 27.58% 18.83% 23.56% -1.63% p.a. 6.70% p.a.

APN Property For Income Fund No. 2 APN0004AU Yes Yes -38.26% -39.36% 26.43% 16.46% n/a n/a -13.54% p.a.

Armytage Enhanced Leaders Fund ETL0148AU No Yes -10.36% -9.66% n/a n/a n/a n/a -10.51% p.a.

Arrowstreet Emerging Markets Fund MAQ0477AU Yes Yes -18.06% -8.39% n/a n/a n/a n/a -8.69% p.a.

Arrowstreet Global Equity Fund MAQ0464AU Yes Yes -10.16% -21.82% n/a n/a n/a n/a -10.82% p.a.

Arrowstreet Global Equity Fund (Hedged)

MAQ0079AU Yes Yes 3.86% -23.04% 22.91% 16.08% 0.71% 2.81% p.a. 3.65% p.a.

6

Investment returns to 30 June 2009 continuedInvestment name APIR Available

in Super Accumulator



(%)


(%)


(%)


(%)


(%)


(% p.a.)

Since inception

to 30/6/09 (% p.a.)

Artefact Global Fund 1 PER0362AU No No -33.46% -3.70% 3.26% n/a n/a n/a -12.17% p.a.



Artefact Global Fund 4 PER0435AU No No -33.48% n/a n/a n/a n/a n/a -27.91% p.a.

Aspen Parks Wholesale Property Fund

APZ0003AU No Yes -8.98% n/a n/a n/a n/a n/a -6.64% p.a.

Augustus Absolute Return Fund (AU) AFM0002AU Yes Yes 19.06% 7.38% n/a n/a n/a n/a 8.80% p.a.

Ausbil Australian Geared Equity Fund AAP0002AU Yes Yes -48.49% -29.67% n/a n/a n/a n/a -38.18% p.a.

Ausbil Investment Trust – Australian Active Equity Fund

AAP0103AU Yes Yes -17.72% -10.35% 24.82% 30.22% 34.06% 9.96% p.a. 10.56% p.a.

Ausbil Investment Trust –Australian Emerging Leaders Fund

AAP0104AU Yes Yes -22.99% -12.58% 28.44% 32.77% 37.93% 9.63% p.a. 12.24% p.a.

Australian Ethical Equities Trust AUG0002AU No Yes -2.10% -13.13% 36.93% 13.89% 19.73% 9.70% p.a. 9.40% p.a.

Australian Ethical Large Co Share Trust

AUG0004AU No Yes -9.30% -18.99% 16.00% 15.50% 23.77% 4.10% p.a. 7.80% p.a.

Australian Unity Investments Vianova Core Plus Trust – Wholesale Units

AUS0033AU No Yes 8.41% 9.32% n/a n/a n/a n/a 8.17% p.a.

Australian Unity Investments Vianova Strategic Fixed Interest Trust – Wholesale Units

AUS0009AU No Yes 9.70% 6.26% 5.05% n/a n/a n/a 6.58% p.a.

Australian Unity Platypus Australian Equities Trust – Wholesale Units

AUS0030AU Yes Yes -20.06% -13.35% 37.07% n/a n/a n/a -1.32% p.a.

Australian Unity Wholesale High Yield Mortgage Trust

AUS0005AU Yes Yes 5.55% 7.92% 7.92% 8.25% n/a n/a 7.48% p.a.

Australian Unity Wholesale Mortgage Income Trust

AUS0116AU Yes Yes 6.09% 7.07% 6.61% 6.01% 6.06% 6.37% p.a. 6.28% p.a.

Australian Unity Wholesale Property Income Fund

YOC0100AU No Yes -10.95% -0.37% 16.50% 12.49% 11.69% 5.37% p.a. 7.20% p.a.

Aviva Investors Australian Shares Fund

PPL0104AU No No -13.70% -12.92% 25.46% 25.30% 21.74% 7.00% p.a. 7.50% p.a.

Aviva Investors Dividend Builder PPL0002AU No Yes -9.84% -24.92% 30.49% n/a n/a n/a -0.94% p.a.

Aviva Investors Elite Opportunities Fund

PPL0115AU No Yes -13.22% -8.83% 24.71% 25.54% 26.03% 9.32% p.a. 12.09% p.a.

Aviva Investors High Growth Shares Fund

PPL0106AU Yes Yes -14.60% -4.52% 22.43% 23.23% 24.19% 8.85% p.a. 11.62% p.a.

Aviva Investors Income Plus Growth Fund

PPL0103AU No No -2.45% -10.33% 14.08% 6.86% 11.61% 4.87% p.a. 5.55% p.a.

Aviva Investors Listed Property Fund NFS0209AU Yes Yes -33.40% -32.76% 27.96% 17.87% 19.77% -4.15% p.a. 5.69% p.a.

Aviva Investors Premier Fixed Income Fund

PPL0114AU No Yes 8.03% 4.68% 4.25% 3.47% 8.64% 6.07% p.a. 6.29% p.a.

Aviva Investors Small Companies Fund PPL0107AU Yes Yes -27.90% -5.46% 46.74% 31.72% 26.16% 10.70% p.a. 10.04% p.a.

AXA – Australian Income Fund NML0010AU No No 4.43% 6.25% 5.45% 4.74% 4.87% 5.15% p.a. 7.40% p.a.

AXA – Wholesale Australian Equity – Industrial Fund

NML0143AU No Yes -10.96% -23.67% 29.89% 18.42% 25.25% 5.54% p.a. 6.86% p.a.

AXA - Wholesale Australian Equity – Value Fund

NML0061AU No Yes -13.86% -21.67% 27.30% 25.87% 32.42% 7.44% p.a. 9.98% p.a.

AXA - Wholesale Global Equity – Core Fund

NMF0002AU Yes Yes -25.48% -18.19% 7.94% 22.25% n/a n/a -3.74% p.a.

AXA - Wholesale Global Equity – Growth Fund

NML0318AU Yes Yes -33.10% -21.43% 4.63% 22.68% 0.88% -7.41% p.a. -9.62% p.a.

AXA - Wholesale Global Equity – Value Fund

NML0348AU Yes Yes -32.93% -29.23% 16.59% 26.32% 7.47% -5.56% p.a. -3.83% p.a.

AXA Wholesale Australian Income Fund

NML0257AU No No 4.85% 6.67% 5.87% 5.16% 5.29% 5.57% p.a. 5.45% p.a.

AXA Wholesale Australian Monthly Income Fund

NML0316AU Yes Yes 5.66% 7.62% 6.72% 6.23% 6.13% 6.47% p.a. 6.25% p.a.

AXA Wholesale Australian Property Fund

NML0001AU Yes Yes -15.14% -0.78% 17.73% 14.58% 14.12% 5.32% p.a. 9.56% p.a.

Baker Steel Gold Fund SLT0006AU No Yes -13.14% -14.42% 0.91% 85.59% 5.42% 7.97% p.a. 4.69% p.a.

Barclays Australian Fixed Interest Index Fund

BGL0105AU Yes Yes 10.71% 4.16% 3.76% 3.22% 7.62% 5.86% p.a. 5.37% p.a.

Barclays Global Investments Prop Sec Index Fund

BGL0108AU No Yes -39.01% -37.01% 25.56% 17.52% 18.61% -7.63% p.a. 0.39% p.a.

Barclays Global Markets Fund BGL0045AU Yes Yes -0.93% 3.34% 17.78% 5.94% 11.60% 7.35% p.a. 6.29% p.a.

Barclays International Equity Index Fund

BGL0106AU Yes Yes -16.04% -21.29% 7.38% 19.85% -0.14% -3.21% p.a. -4.65% p.a.

7


Accumulator



(%)


(%)


(%)


(%)


(%)


(% p.a.)

Since inception

to 30/6/09 (% p.a.)

Barclays International Share Fund BAR0817AU Yes Yes -20.03% -23.55% 7.75% 20.96% 2.57% -3.96% p.a. 0.05% p.a.

Barclays International Share Fund (Hedged)

BGL0109AU Yes Yes -32.41% -16.53% 23.36% 18.28% 15.69% -0.97% p.a. 4.79% p.a.

Barclays Managed Investment Funds – Australian Equity Index Fund

BGL0034AU Yes Yes -20.10% -13.84% 28.41% 23.61% 25.68% 6.55% p.a. 7.83% p.a.

Barclays Managed Investment Funds – Australian Share Fund

BAR0814AU Yes Yes -23.28% -14.42% 28.72% 27.00% 26.24% 6.26% p.a. 9.01% p.a.

Barclays Managed Investment Funds – Diversified Growth Fund


Barclays Managed Investment Funds – Diversified Stable Fund


Basis Aust-Rim Diversified Fund BCF0100AU No No -22.25% -21.46% -5.43% 14.42% 11.26% -10.20% p.a. -3.15% p.a.

Basis Yield Fund BCF0001AU No No n/a n/a n/a n/a n/a n/a n/a

Becton Diversified Property Fund BEC0001AU No Yes -17.61% 7.45% 18.24% n/a n/a n/a 2.10% p.a.

BlackRock Asset Allocation Alpha Fund – Class D

MAL0030AU Yes Yes 28.55% 33.70% 3.69% n/a n/a n/a 20.47% p.a.

BlackRock Australian Quant Strategies Fund – D Class

MAL0013AU No Yes -26.04% -10.40% 27.95% 21.86% n/a n/a 2.26% p.a.

BlackRock Combined Property Income Fund (Aust) - Class D Units

MAL0008AU No Yes -26.57% -14.72% 21.25% 17.58% 17.47% 0.96% p.a. 3.97% p.a.

BlackRock Diversified Credit Fund – Class D

MAL0011AU No No 0.21% -2.33% 7.05% 6.25% n/a n/a n/a

BlackRock Global Allocation Fund (Aust) – Class D

MAL0018AU Yes Yes -13.63% 2.82% 16.22% n/a n/a n/a 4.40% p.a.

BlackRock Global High Conviction Fund – Hedged (Class D)

MAL0136AU Yes Yes -31.98% -3.55% 20.49% 16.62% 12.93% 0.81% p.a. 0.57% p.a.

BlackRock Global High Conviction Fund – Unhedged (Class D)

MAL0134AU Yes Yes -15.83% -10.91% 5.31% 19.32% 0.24% -1.13% p.a. -4.22% p.a.

BlackRock Global Small Cap Fund – Class D

MAL0133AU Yes Yes -12.20% -11.37% 3.63% 26.22% 1.94% 0.74% p.a. -1.51% p.a.

BlackRock Hedged Global Small Cap Fund - Class D

MAL0135AU Yes Yes -26.91% -4.22% 18.36% 23.91% 14.99% 3.38% p.a. 3.78% p.a.

BlackRock Monthly Income Fund – Class D

MAL0012AU No Yes -28.39% -7.01% 8.82% 6.91% n.a. n.a. -3.71% p.a.

BlackRock Property Securities Fund (Aust) – Class D

MAL0151AU No Yes -41.44% -38.70% 23.72% 18.32% 18.59% -9.02% p.a. -3.39% p.a.

BlackRock Wholesale Australian Share Fund

PWA0823AU Yes Yes -18.31% -7.26% 24.30% 29.17% 28.16% 9.28% p.a. 9.20% p.a.

BlackRock Wholesale Balanced Fund PWA0822AU Yes Yes -12.89% -5.34% 15.19% 18.74% 13.77% 5.11% p.a. 7.43% p.a.

BlackRock Wholesale Global High Conviction Fund

PWA0824AU Yes Yes -15.70% -10.39% 8.58% 16.89% 0.96% -0.65% p.a. 4.85% p.a.

BlackRock Wholesale Managed Income Fund

PWA0821AU Yes Yes -21.33% -4.60% 12.46% 8.54% 10.47% 0.24% p.a. 5.20% p.a.

BT Global Return Fund RFA0028AU No No -26.78% 1.38% 13.97% 7.74% 8.02% -0.31% p.a. 2.21% p.a.

BT Wholesale Active Balanced Fund RFA0815AU Yes Yes -12.73% -11.74% 14.95% 18.03% 14.90% 3.73% p.a. 7.26% p.a.

BT Wholesale Asian Share Fund BTA0054AU Yes Yes -4.51% -17.18% 25.90% 26.51% 17.70% 8.19% p.a. 1.88% p.a.

BT Wholesale Australian Share Fund BTA0055AU No Yes -13.55% -10.60% 25.49% 27.41% 28.39% 8.94% p.a. 8.50% p.a.

BT Wholesale Balanced Returns Fund BTA0806AU Yes Yes -10.62% -9.91% 13.83% 16.48% 13.59% 3.77% p.a. 6.83% p.a.

BT Wholesale Conservative Outlook Fund

BTA0805AU Yes Yes -3.67% -3.49% 9.02% 9.48% 10.38% 4.10% p.a. 8.14% p.a.

BT Wholesale Core Australian Share Fund

RFA0818AU No Yes -13.29% -10.44% 25.47% 27.41% 28.09% 9.00% p.a. 10.20% p.a.

BT Wholesale Core Global Share Fund RFA0821AU Yes Yes -20.47% -27.42% 6.38% 19.50% 2.28% -3.84% p.a. 2.54% p.a.

BT Wholesale Ethical Share Fund RFA0025AU No Yes -16.03% -11.66% 32.00% 28.83% 30.56% 9.38% p.a. 7.98% p.a.

BT Wholesale European Share Fund BTA0124AU Yes Yes -20.37% -21.05% 17.49% 26.63% 8.29% 0.43% p.a. 0.72% p.a.

BT Wholesale Fixed Interest Fund RFA0813AU No Yes 6.30% 3.80% 3.68% 3.42% 6.69% 5.27% p.a. 6.89% p.a.

BT Wholesale Focus Australian Share Fund

RFA0059AU No Yes -18.32% -13.36% 30.66% 31.27% n/a n/a 6.63% p.a.

BT Wholesale Future Goals Fund BTA0125AU Yes Yes -15.98% -14.33% 16.67% 20.85% 15.98% 3.32% p.a. 2.76% p.a.

BT Wholesale Imputation Fund RFA0103AU Yes Yes -19.11% -11.00% 32.56% 29.33% 29.74% 9.88% p.a. 10.50% p.a.

BT Wholesale International Share Fund

BTA0056AU Yes Yes -12.77% -27.67% 6.38% 20.00% 2.00% -3.91% p.a. 1.58% p.a.

BT Wholesale Property Investment Fund

RFA0817AU No Yes -35.75% -32.93% 25.82% 17.14% 16.54% -5.84% p.a. 6.06% p.a.

BT Wholesale Property Securities Fund

BTA0061AU No Yes -35.53% -33.02% 25.83% 17.94% 16.95% -5.61% p.a. 3.43% p.a.

8


Accumulator



(%)


(%)


(%)


(%)


(%)


(% p.a.)

Since inception

to 30/6/09 (% p.a.)

BT Wholesale Smaller Companies Fund

RFA0819AU Yes Yes -24.16% -18.32% 41.92% 27.47% 42.43% 9.80% p.a. 13.08% p.a.

BT Wholesale Tax Effective Income Fund

RFA0102AU Yes Yes -12.04% -9.21% 20.40% 17.50% 18.29% 5.97% p.a. 7.74% p.a.

BT Wholesale Technology Fund BTA0158AU No No -9.91% -14.30% 15.83% 9.23% -11.02% -2.77% p.a. -12.35% p.a.

BT Wholesale Value Global Share Fund

RFA0109AU No No -32.05% -28.97% 17.89% 18.80% 3.42% -6.91% p.a. -5.43% p.a.

Centro Direct Property Fund MCS0011AU No Yes -33.79% -9.60% 16.58% 18.24% 21.16% -0.01% p.a. 3.44% p.a.

Centro Direct Property Fund International

MCS0001AU No Yes -56.24% -18.83% 11.01% n/a n/a n/a -18.91% p.a.

Challenger Global Infrastructure Fund HOW0031AU No No n/a 7.14% 18.94% n/a n/a n/a n/a

Challenger Howard Wholesale Mortgage Trust

HOW0005AU Yes Yes 6.37% 7.31% 6.78% 6.34% 6.34% 6.63% p.a. 6.37% p.a.

Challenger Wholesale Asian Share Fund

HBC0010AU Yes Yes -3.55% -15.94% 29.01% 27.21% 15.53% 8.98% p.a. 2.58% p.a.

Challenger Wholesale Australian Share Fund

PAM0001AU Yes Yes -20.13% -23.15% 30.11% 26.29% 28.01% 5.24% p.a. 10.73% p.a.

Challenger Wholesale Australian Share Income Fund

HBC0011AU Yes Yes -7.65% -14.90% 24.35% n/a n/a n/a 2.19% p.a.

Challenger Wholesale High Yield Fund

HOW0141AU Yes Yes -24.98% -11.16% 7.92% 6.97% 10.89% -3.12% p.a. 0.26% p.a.

Challenger Wholesale Hybrid Property Fund

HBC0013AU Yes Yes -21.32% -11.15% 19.43% 12.63% 11.39% 0.93% p.a. 8.20% p.a.

Challenger Wholesale Microcap Fund HOW0027AU Yes Yes -22.96% -32.21% 68.32% 28.56% n/a n/a 1.72% p.a.

Challenger Wholesale Property Securities Fund

HBC0008AU Yes Yes -36.89% -37.13% 24.43% 18.63% 17.54% -7.20% p.a. 5.42% p.a.

Challenger Wholesale Select Australian Share Fund

HOW0026AU No Yes -28.25% -14.90% 24.35% n/a n/a n/a -0.62% p.a.

Challenger Wholesale Smaller Companies Fund

HOW0016AU Yes Yes -15.24% -14.65% 52.18% 11.05% 17.35% 7.49% p.a. 15.04% p.a.

Challenger Wholesale Socially Responsive Share Fund

HOW0121AU No Yes -21.31% -27.40% 29.68% 19.19% 26.65% 2.26% p.a. 4.84% p.a.

Charter Hall Diversified Property Fund

CHF0001AU No Yes -25.88% 18.20% 13.22% n/a n/a -1.61% p.a. -1.61% p.a.

Chifley Investment Fund – Australian Equities

CFS0003AU Yes Yes -15.20% -16.40% 26.48% 22.14% 26.01% 6.65% p.a. 8.41% p.a.

Chifley Investment Fund – Australian Fixed Income (Sovereign)

CFS0005AU Yes Yes 10.74% 5.15% 3.28% 3.33% 6.17% 5.70% p.a. 5.74% p.a.

Chifley Investment Fund – International Equities

CFS0008AU Yes Yes -28.69% -17.95% 9.01% 22.18% 7.21% -3.53% p.a. -0.25% p.a.

Chifley Investment Fund – International Fixed Income (Credit)

CFS0010AU Yes Yes 10.79% 5.29% 6.10% 1.01% 11.09% 6.79% p.a. 6.54% p.a.

Colonial First State 452 Wholesale Australian Share Fund

FSF0079AU No Yes -8.17% -20.56% 27.92% 15.92% 21.62% 5.64% p.a. 9.23% p.a.

Colonial First State Acadian Global Equity Fund

FSF0710AU Yes Yes -28.81% -22.43% 10.46% 27.96% n/a n/a -5.87% p.a.

Colonial First State Bricks & Mortar Fund

CML0002AU No No 6.61% 5.76% 5.23% 5.15% 5.18% 5.59% p.a. 5.45% p.a.

Colonial First State Colliers International Property Securities

FSF0454AU No Yes -43.66% -25.06% 27.19% 24.64% 48.03% -0.19% p.a. 1.51% p.a.

Colonial First State Global Resources Long Short Fund

FSF0698AU Yes Yes -23.49% 14.77% 13.91% n/a n/a n/a 5.52% p.a.

Colonial First State PM Capital Australian Share Fund

FSF0455AU No Yes -9.35% -29.68% 24.37% 28.36% 17.33% 3.61% p.a. 4.26% p.a.

Colonial First State Wholesale Australian Bond Fund

FSF0027AU No Yes 10.37% 4.03% 3.22% 3.27% 7.71% 5.68% p.a. 6.77% p.a.

Colonial First State Wholesale Australian Corporate Debt Fund

FSF0149AU No Yes 3.58% 1.30% 4.29% 3.90% 7.44% 4.08% p.a. 5.21% p.a.

Colonial First State Wholesale Australian Share Fund

FSF0002AU No Yes -14.30% -15.27% 21.85% 23.78% 28.91% 7.14% p.a. 10.15% p.a.

Colonial First State Wholesale Australian Share Fund - Core

CFM0404AU No Yes -16.30% -8.02% 28.12% 27.85% 28.24% 10.09% p.a. 10.98% p.a.

Colonial First State Wholesale Balanced Fund

FSF0040AU Yes Yes -6.37% -8.08% 10.16% 12.79% 10.93% 3.47% p.a. 6.12% p.a.

Colonial First State Wholesale Conservative Fund


Colonial First State Wholesale Diversified Fund


Colonial First State Wholesale Geared Global Share Fund

FSF0170AU Yes Yes -32.31% -28.64% 10.94% 23.48% -3.64% -8.61% p.a. -10.47% p.a.

Investment returns to 30 June 2009 continued

9


Accumulator



(%)


(%)


(%)


(%)


(%)


(% p.a.)

Since inception

to 30/6/09 (% p.a.)

Colonial First State Wholesale Geared Share Fund


Colonial First State Wholesale Global Credit Income

FSF0084AU Yes Yes -3.31% 1.91% 6.76% 6.47% 6.28% 3.55% p.a. 4.67% p.a.

Colonial First State Wholesale Global Resources Fund

FSF0038AU Yes Yes -38.26% 20.87% 24.59% 59.43% 21.57% 12.50% p.a. 12.77% p.a.

Colonial First State Wholesale Global Share Fund

FSF0047AU Yes Yes -19.45% -17.19% 9.70% 17.97% -0.31% -2.96% p.a. 1.06% p.a.

Colonial First State Wholesale High Growth Fund


Colonial First State Wholesale Income Fund

FSF0139AU No Yes 2.08% 5.26% 6.73% 6.07% 5.87% 5.19% p.a. 5.57% p.a.

Colonial First State Wholesale Index Property Securities Fund

CMI0105AU No Yes -40.79% -36.37% 25.06% 17.68% 17.83% -8.16% p.a. 2.01% p.a.

Colonial First State Wholesale Property Securities Fund

FSF0004AU No Yes -43.39% -43.82% 23.53% 22.71% 23.07% -9.92% p.a. 4.02% p.a.

Colonial First State Wholesale Small Companies Fund - Core

CMI0111AU Yes Yes -15.56% -28.19% 48.69% 36.61% 41.82% 11.80% p.a. 9.88% p.a.

Colonial Global Health & Biotechnology Fund

FSF0146AU No No -2.12% -16.80% 0.25% 18.43% -3.39% -1.36% p.a. -3.62% p.a.

Colonial Global Technology & Communications Fund

FSF0143AU No No -17.04% -20.06% 13.10% 13.14% -3.82% -3.98% p.a. -7.21% p.a.

Concord Australian Equity Fund MAQ0424AU Yes Yes -13.62% -13.37% 24.95% n/a n/a n/a 3.38% p.a.

CORALS Commodities Fund AFM0004AU Yes Yes -5.88% n/a n/a n/a n/a n/a -5.88% p.a.

Credit Suisse Global Income Fund CSA0038AU No Yes -15.84% -2.87% 7.31% 8.08% 8.01% 0.48% p.a. 1.40% p.a.

Credit Suisse Property Fund CRS0007AU No Yes -37.97% -37.45% 25.38% 15.37% 19.36% -7.12% p.a. 5.83% p.a.

Credit Suisse Syndicated Loan Fund CSA0046AU No Yes -5.36% 0.84% 9.38% 8.06% n/a n/a 4.42% p.a.

Cromwell Property Fund CRM0005AU No Yes n/a 5.48% 8.61% n/a n/a n/a n/a

Custom Choice Wholesale Boutique Australian Share Portfolio


DDH Australian Equities Fund DDH0003AU Yes Yes -20.55% -16.11% n/a n/a n/a n/a -8.14% p.a.

DDH Global Fixed Interest Alpha Fund DDH0007AU Yes Yes 12.16% 8.34% n/a n/a n/a n/a 11.23% p.a.

Dimensional Australian Core Equity Fund

DFA0003AU Yes Yes -19.06% -18.09% n/a n/a n/a n/a -4.09% p.a.

Dimensional Australian Large Company Trust

DFA0103AU Yes Yes -18.76% -12.73% 27.13% 23.70% 24.93% 6.85% p.a. 6.52% p.a.

Dimensional Australian Small Company Trust

DFA0104AU Yes Yes -24.45% -13.01% 46.21% 23.94% 23.70% 8.06% p.a. 8.59% p.a.

Dimensional Australian Value Trust DFA0101AU Yes Yes -15.49% -15.20% 33.37% 20.84% 25.28% 7.67% p.a. 10.38% p.a.

Dimensional Emerging Markets Trust DFA0107AU Yes Yes -8.96% -12.28% 30.96% 31.42% 22.24% 10.93% p.a. 5.55% p.a.

Dimensional Five-Year Diversified Fixed Interest Trust

DFA0108AU Yes Yes 5.68% 7.31% 6.03% 1.98% 9.91% 6.15% p.a. 6.51% p.a.

Dimensional Global Core Equity - AUD Hedged

DFA0009AU Yes Yes n/a n/a n/a n/a n/a n/a 7.39% p.a.

Dimensional Global Core Equity Unhedged

DFA0004AU Yes Yes -14.97% -23.99% n/a n/a n/a n/a -15.35% p.a.

Dimensional Global Large Company Trust

DFA0105AU Yes Yes -16.30% -21.18% 7.69% 20.15% -0.89% -3.29% p.a. -5.74% p.a.

Dimensional Global Real Estate Trust DFA0005AU Yes Yes -37.74% n/a n/a n/a n/a n/a -40.31% p.a.

Dimensional Global Small Company Trust

DFA0106AU Yes Yes -12.66% -26.82% 7.24% 24.22% 3.71% -2.46% p.a. 0.44% p.a.

Dimensional Global Value Trust DFA0102AU Yes Yes -19.10% -27.77% 11.68% 25.87% 5.58% -2.81% p.a. 0.57% p.a.

Dimensional Short Term Fixed Interest Trust

DFA0100AU Yes Yes 5.39% 7.18% 6.22% 5.43% 5.53% 5.94% p.a. 5.47% p.a.

Dimensional Strategic Australian Equity Trust


Dimensional Strategic Global Property Trust

DFA0006AU No Yes n/a n/a n/a n/a n/a n/a -14.38% p.a.

Dimensional Strategic International Equity Trust


Dimensional Two-Year Diversified Fixed Interest Trust

DFA0002AU Yes Yes 6.49% 7.24% 5.84% n/a n/a n/a 6.22% p.a.

Donaldson Burston - THS Partners Global Equity Fund

ETL0096AU Yes Yes -18.27% n/a n/a n/a n/a n/a -17.07% p.a.

DWS Global Equity Agribusiness Fund MGL0019AU Yes Yes -30.08% 2.14% n/a n/a n/a n/a -8.54% p.a.

DWS Global Equity Thematic Fund (unhedged)

MGL0004AU Yes Yes -28.52% -19.68% n/a n/a n/a n/a -13.53% p.a.

10


Accumulator



(%)


(%)


(%)


(%)


(%)


(% p.a.)

Since inception

to 30/6/09 (% p.a.)

DWS Global Equity Thematic Fund Fully Hedged

MGL0018AU Yes Yes -17.60% -24.84% 15.13% 36.61% 7.83% 0.99% p.a. 5.71% p.a.

DWS Strategic Value Fund DEU0109AU Yes Yes -19.06% 3.74% 13.65% 14.30% 7.16% 3.17% p.a. 4.91% p.a.

EII Global Property Fund MAQ0463AU Yes Yes -43.90% -28.34% 30.55% n/a n/a n/a -19.15% p.a.

Eley Griffiths Small Group Companies Fund

EGG0001AU Yes Yes -23.10% -13.77% 38.85% 29.86% 35.71% 10.17% p.a. 11.60% p.a.

EQT Intrinsic Value International Sharemarkets Fund

MMC0110AU Yes Yes -26.87% -14.42% 23.52% 16.44% 14.73% 0.64% p.a. 4.61% p.a.

EQT Intrinsic Value International Sharemarkets Plus Fund

ETL0057AU Yes Yes -15.01% -11.67% 15.26% n/a n/a n/a -2.14% p.a.

EQT PIMCO Wholesale Diversified Fixed Interest Fund

ETL0016AU No Yes 6.38% 4.67% 3.04% 2.17% 9.68% 5.15% p.a. 5.97% p.a.

EQT PIMCO Wholesale Global Bond Fund

ETL0018AU No Yes 0.63% 7.90% 3.85% 1.91% 11.78% 5.14% p.a. 6.44% p.a.

EQT PIMCO Wholesale Global Credit Fund

ETL0019AU No Yes 10.88% 5.50% 6.27% 1.28% 11.27% 6.98% p.a. 7.15% p.a.

EQT SGH LaSalle Global Listed Property Securities Trust

ETL0005AU No Yes -48.55% -23.40% 16.81% 26.37% 33.51% -4.93% p.a. -1.17% p.a.

EQT SGH Wholesale Absolute Return Trust

ETL0030AU Yes Yes -36.43% -2.23% 19.48% 31.19% 22.75% 3.64% p.a. 8.11% p.a.

EQT Wholesale Small Companies Fund

ETL0118AU No No -27.48% -30.07% 29.46% 19.27% 10.82% -2.80% p.a. 11.03% p.a.

Fidelity America Fund FID0009AU No No n/a -17.15% -3.54% n/a n/a n/a n/a

Fidelity Australian Equities Fund FID0008AU Yes Yes -17.58% -9.76% 30.26% 35.27% 33.81% 11.89% p.a. 13.53% p.a.

Fidelity China Fund FID0011AU Yes Yes 16.07% -9.23% 57.56% n/a n/a n/a 25.94% p.a.

Fidelity Global Equities Fund FID0007AU Yes Yes -18.38% -12.59% 9.32% 18.48% 7.02% -0.22% p.a. 0.41% p.a.

Fidelity India Fund FID0015AU Yes Yes 2.47% -24.48% 37.13% n/a n/a n/a 7.29% p.a.

Fidelity Japan Fund FID0004AU Yes Yes -4.33% -27.86% -15.87% 41.45% -11.94% -6.27% p.a. 0.99% p.a.

Fiducian India Fund FPS0013AU Yes Yes 15.52% n/a n/a n/a n/a n/a -13.37% p.a.

Five Oceans Wholesale World Fund HOW0032AU Yes Yes 0.63% -16.32% 9.45% n/a n/a n/a n/a

Fortis Investments Australian Equity Fund

ARO0011AU Yes Yes -9.00% -15.78% 25.40% 26.69% 33.27% 10.17% p.a. 7.95% p.a.

Fortis Investments Concentrated Australian Equity Fund

ARO0015AU Yes Yes -10.94% -19.90% 24.41% n/a n/a n/a -0.59% p.a.

Fortis Investments Global Equity Fund ARO0006AU Yes Yes -25.08% -17.77% 2.02% 16.53% -0.10% -6.06% p.a. -1.13% p.a.

Fortis Investments High Income Global Property Securities Fund

ARO0014AU No Yes -46.15% -20.72% 19.34% 15.17% n/a n/a -9.61% p.a.

Generation Global Sustainability Fund FSF0908AU Yes Yes -3.55% n/a n/a n/a n/a n/a -11.44% p.a.

GMO Australian Equity Trust GMO0100AU Yes Yes -21.53% -16.72% 29.00% 24.87% 26.67% 33.35% p.a. 9.00% p.a.

GMO Australian Small Companies Trust

GMO0101AU Yes Yes -31.86% -24.42% 41.50% 25.46% 29.25% 149.42% p.a.

9.36% p.a.

GMO Emerging Markets Fund GMO0102AU Yes Yes -21.80% -12.04% 27.41% 40.51% 29.14% 59.03% p.a. 8.05% p.a.

GMO Global Equity Trust GMO0103AU Yes Yes -16.57% -22.68% 7.59% 19.76% 3.23% -14.20% p.a.

4.77% p.a.

GMO Hedged Global Equity Trust GMO0004AU Yes Yes -28.74% -15.22% 22.98% n/a n/a n/a -5.15% p.a.

Goldman Sachs JB Were Emerging Leaders Wholesale Fund

JBW0010AU Yes Yes -25.95% -20.48% 37.01% 12.12% 35.93% 4.22% p.a. 9.63% p.a.

Goldman Sachs JB Were Global Alpha Fund

JBW0025AU No No n/a n/a n/a n/a n/a n/a n/a

Goldman Sachs JBWere Australian Equities Wholesale Fund


Goldman Sachs JBWere Australian Infrastructure Fund

JBW0030AU Yes Yes -11.88% -16.79% 35.38% n/a n/a n/a 0.81% p.a.

Goldman Sachs JBWere Core Plus Australian Fixed Income Fund

JBW0038AU No No 10.30% n/a n/a n/a n/a n/a 6.70% p.a.

Goldman Sachs JBWere Diversified Growth Wholesale Fund


Goldman Sachs JBWere Emerging Leaders Wholesale Fund


Goldman Sachs JBWere Enhanced Income Wholesale Fund

JBW0018AU No Yes -12.70% -8.13% 6.95% 6.54% 7.89% -0.28% p.a. 0.89% p.a.

Goldman Sachs JBWere Global Flex Fund

JBW0027AU Yes Yes -20.43% -25.94% 5.79% n/a n/a n/a -7.51% p.a.

Goldman Sachs JBWere Global Health & Biotech Wholesale Fund

JBW0111AU Yes Yes -3.00% -18.01% -0.74% 17.02% -4.25% -2.42% p.a. -2.55% p.a.

Goldman Sachs JBWere Global Small Companies Wholesale Fund

JBW0103AU Yes Yes -21.35% -26.00% 6.29% 24.74% 6.05% -3.93% p.a. 1.72% p.a.


11


Accumulator



(%)


(%)


(%)


(%)


(%)


(% p.a.)

Since inception

to 30/6/09 (% p.a.)

Goldman Sachs JBWere Global Spectrum Fund

JBW0034AU Yes Yes -10.78% -22.99% n/a n/a n/a n/a -15.00% p.a.

Goldman Sachs JBWere Hedged Global Flex Fund

JBW0028AU Yes Yes -33.74% -19.36% 20.82% n/a n/a n/a -7.30% p.a.

Goldman Sachs JBWere Income Plus Wholesale Fund

JBW0016AU No Yes 1.00% -2.07% 8.86% 7.98% 7.37% 4.54% p.a. 5.80% p.a.

Goldman Sachs JBWere International Wholesale Fund

JBW0014AU Yes Yes -15.75% -15.28% 5.61% 19.80% -1.45% -2.30% p.a. 1.36% p.a.

Goldman Sachs JBWere International Wholesale Fund (Hedged)


Goldman Sachs JBWere Leaders Fund JBW0011AU No No -13.87% -8.20% 23.09% 22.92% 29.31% 9.11% p.a. 10.15% p.a.

Goldman Sachs JBWere Multi-Strategy Fund

JBW0026AU Yes Yes n/a -8.48% 19.37% n/a n/a n/a n/a

Goldman Sachs JBWere Property Securities Wholesale Fund

JBW0108AU Yes Yes -45.03% -43.04% 27.85% 19.47% 20.30% -10.47% p.a.

1.39% p.a.

Grant Samuel Epoch Global Equity Shareholder Yield (Hedged) Fund

GSF0001AU Yes Yes -21.19% n/a n/a n/a n/a n/a -24.56% p.a.

Grant Samuel Epoch Global Equity Shareholder Yield (Unhedged) Fund

GSF0002AU Yes Yes -7.53% n/a n/a n/a n/a n/a -15.51% p.a.

Greencape Wholesale Broadcap Fund HOW0034AU Yes Yes -13.97% -10.57% n/a n/a n/a n/a n/a

Greencape Wholesale High Conviction Fund

HOW0035AU Yes Yes -15.21% -5.92% n/a n/a n/a n/a n/a

GVI Global Industrial Share Fund TGP0004AU Yes Yes -26.59% -8.09% 22.04% 19.05% n/a n/a 0.28% p.a.

HFA Partners Fund HFL0007AU No No -66.38% -5.20% n/a n/a n/a n/a -63.33% p.a.

HFA Wholesale Diversified Investment Fund (Hedged)

HFL0104AU Yes Yes -22.71% -0.15% 17.73% 8.03% 9.35% 1.43% p.a. 3.41% p.a.

HFA Wholesale International Shares Fund (Hedged)

HFL0108AU Yes Yes 0.11% -1.12% 20.58% 7.53% 9.85% 7.11% p.a. 5.62% p.a.

Hunter Hall Australian Value Trust HHA0001AU Yes Yes -22.97% -13.29% 38.38% 17.93% 4.73% 2.68% p.a. 7.08% p.a.

Hunter Hall Global Ethical Trust HHA0002AU Yes Yes -20.82% -17.55% 17.95% 31.54% 9.89% 2.17% p.a. 3.74% p.a.

Hunter Hall Value Growth Trust HOW0002AU Yes Yes -22.01% -12.32% 29.60% 30.11% 12.38% 5.32% p.a. 14.16% p.a.

Hyperion Australian Growth Companies Fund

BNT0003AU Yes Yes -1.28% -24.22% 31.11% 33.52% 30.85% 11.37% p.a. 11.01% p.a.

Hyperion Small Growth Companies Fund

BNT0101AU Yes Yes 12.57% -34.89% 47.26% 32.22% 24.14% 12.12% p.a. 12.99% p.a.

Income Plus Fund BEG0001AU No Yes 5.47% -0.22% 8.70% 8.21% 9.42% 6.30% p.a. 6.49% p.a.

ING Blue Chip Imputation Trust MMF0012AU No No -21.66% -13.37% 26.16% 20.27% 25.84% 5.32% p.a. 9.17% p.a.

ING Blue Chip Imputation Trust Wholesale

MMF0340AU Yes Yes -21.06% -12.62% 27.14% 21.17% 26.78% 6.14% p.a. 6.03% p.a.

ING Diversified High Yield Fund MMF0708AU Yes Yes -10.51% -2.52% 7.23% 6.13% 6.62% 1.14% p.a. 1.14% p.a.

ING Resource Opportunities Trust MMF0064AU No No -42.13% 14.68% 35.70% 61.18% 46.36% 16.27% p.a. 11.53% p.a.

ING Tax Effective Income Trust AJF0003AU Yes Yes -18.89% -16.71% 20.71% 13.81% 17.16% 1.69% p.a. 8.27% p.a.

ING Wholesale Australian Share Trust AJF0804AU Yes Yes -24.42% -8.99% 29.07% 23.42% 30.56% 7.42% p.a. 9.95% p.a.

ING Wholesale Balanced Trust AJF0802AU Yes Yes -13.12% -7.87% 14.02% 15.46% 14.53% 3.83% p.a. 6.30% p.a.

ING Wholesale Capital Stable Trust MMF0114AU Yes Yes -1.05% -0.55% 8.89% 7.42% 10.71% 4.97% p.a. 5.27% p.a.

ING Wholesale Diversified Fixed Income Fund

ANZ0212AU No Yes 2.37% 0.03% 4.63% 4.73% 9.64% 4.23% p.a. 4.96% p.a.

ING Wholesale Emerging Companies Trust

MMF0112AU No No -17.50% -16.65% 51.18% 21.27% 49.59% 13.53% p.a. 14.22% p.a.

ING Wholesale Enhanced Cash Fund MMF0341AU No Yes -2.51% 2.94% 6.27% 5.75% 5.89% n/a n/a

ING Wholesale Fixed Interest Trust MMF0075AU No Yes 11.05% 2.87% 3.23% 3.76% 7.68% 5.67% p.a. 6.29% p.a.

ING Wholesale Global Emerging Markets

MMF0275AU Yes Yes -24.36% -6.95% 30.63% 35.45% 19.22% 8.22% p.a. 2.70% p.a.

ING Wholesale Global High Dividend Fund

HML0014AU Yes Yes -15.79% -26.00% 10.38% n/a n/a n/a -5.58% p.a.

ING Wholesale Global Property Securities Fund

HML0016AU No Yes -40.67% -16.41% 19.34% n/a n/a n/a -7.08% p.a.

ING Wholesale Global Share Fund MMF0343AU Yes Yes -16.90% -26.47% 4.99% 19.60% 1.40% -4.90% p.a. -5.24% p.a.

ING Wholesale High Growth Fund MMF0342AU Yes Yes -21.35% -17.32% 15.99% 21.59% 15.07% 1.08% p.a. 0.76% p.a.

ING Wholesale Managed Growth Trust MMF0115AU Yes Yes -16.63% -11.31% 15.41% 17.07% 14.78% 2.78% p.a. 4.96% p.a.

ING Wholesale Select Leaders Trust ANZ0216AU Yes Yes -13.89% -4.50% 34.89% 30.59% 33.91% 14.17% p.a. 7.61% p.a.

Instreet Reliance Commodities Fund MIL0003AU Yes Yes -15.84% n/a n/a n/a n/a n/a -15.84% p.a.

Instreet Reliance Global Allocation Fund

MIL0002AU Yes Yes -8.98% n/a n/a n/a n/a n/a -8.98% p.a.

Integrity Australian Shares Fund ITG0001AU Yes Yes -7.51% n/a n/a n/a n/a n/a -14.78% p.a.

12


Accumulator



(%)


(%)


(%)


(%)


(%)


(% p.a.)

Since inception

to 30/6/09 (% p.a.)

INVESCO Wholesale Asian Share Fund GTU0009AU Yes Yes -11.86% -23.29% 1.85% 40.95% -2.60% -1.12% p.a. 0.84% p.a.

INVESCO Wholesale Australian Share Fund

CNA0811AU No No -26.25% -14.81% 26.25% 25.19% 28.86% 5.05% p.a. 10.20% p.a.

INVESCO Wholesale Australian Smaller Companies Fund

CNA0812AU Yes Yes -30.24% -16.75% 44.88% 22.30% 30.63% 5.58% p.a. 12.16% p.a.

INVESCO Wholesale Global Fixed Interest Fund

GTU0021AU No No 4.17% 1.73% 4.56% 0.36% 10.86% n/a n/a

INVESCO Wholesale Global Matrix Fund

GTU0102AU Yes Yes -17.27% -28.21% 4.49% 18.40% 5.91% -4.89% p.a. -2.09% p.a.

INVESCO Wholesale Global Matrix Fund (Hedged)

GTU0008AU Yes Yes -32.01% -21.46% 18.01% 16.48% 17.78% -2.87% p.a. 3.29% p.a.

Invesco Wholesale Global Property Securities Fund

GTU0041AU No No -40.46% -37.77% 17.06% 27.85% n/a n/a -4.63% p.a.

Investors Mutual Australian Share Fund

IML0002AU Yes Yes -10.78% -19.19% 26.80% 14.89% 20.04% 4.74% p.a. n/a

Investors Mutual Australian Small Companies

IML0001AU No No -20.97% -29.98% 42.21% 20.66% 26.02% 3.66% p.a. n/a

Investors Mutual Future Leaders Fund


Investors Mutual Industrial Share Fund


Investors Mutual Small Cap Fund IML0006AU Yes Yes -9.32% -18.78% n/a n/a n/a n/a n/a

Investors Mutual Value & Income Fund

IML0005AU Yes Yes -12.98% -15.93% 25.10% 11.87% 16.49% 3.58% p.a. 19.44% p.a.

K2 Asian Absolute Return Fund KAM0100AU Yes Yes -1.15% -7.58% 31.93% 20.67% 13.35% 10.52% p.a. 12.72% p.a.

K2 Australian Absolute Return Fund KAM0101AU Yes Yes 1.94% -11.56% 25.35% 18.33% 22.57% 10.39% p.a. 13.80% p.a.

K2 Select International Absolute Return Fund

ETL0046AU Yes Yes -4.00% -7.04% 30.69% 33.17% n/a n/a 11.61% p.a.

Kinetic Wholesale Emerging Companies Fund

HOW0036AU Yes Yes -26.75% -24.24% n/a n/a n/a n/a n/a

Lazard Australian Equity Fund – W Class

LAZ0010AU Yes Yes -13.47% -24.16% 27.03% 12.09% 26.92% 3.47% p.a. 6.36% p.a.

Lazard Global Equity (ex Australia) Fund - I Class

LAZ0001AU No No -9.85% -21.13% 7.81% 18.54% -1.13% -2.12% p.a. 3.78% p.a.

Lazard Global Small Cap Fund - W Class

LAZ0012AU Yes Yes -19.46% -27.68% 19.88% 25.36% 4.68% -1.73% p.a. 2.26% p.a.

Lazard Select Australian Equity Fund – W Class

LAZ0013AU Yes Yes -14.55% -25.73% 33.52% 5.64% 34.44% 3.80% p.a. 6.28% p.a.

Legg Mason Australian Credit Trust SSB0123AU Yes Yes 1.14% -2.30% 4.17% 3.81% 8.26% 2.96% p.a. 4.45% p.a.

Legg Mason Australian Equity Trust SSB0125AU Yes Yes -18.88% -19.66% 30.10% 21.79% 22.83% 4.87% p.a. 7.40% p.a.

Legg Mason Diversified Fixed Interest Trust – Class A Units

JPM0018AU No Yes 4.15% 0.81% 4.01% 2.53% 8.87% 4.04% p.a. 5.46% p.a.

Legg Mason Diversified Trust JPM0008AU Yes Yes -16.86% -16.74% 15.96% 14.58% 12.47% 0.68% p.a. 5.68% p.a.

Legg Mason Property Securities Trust SSB0128AU Yes Yes -43.06% -42.65% 27.90% 16.93% 19.29% -10.21% p.a.

1.26% p.a.

Legg Mason Tactical Allocation Trust SSB0130AU Yes Yes -23.32% -3.93% 7.53% 5.92% 15.11% -0.69% p.a. 3.88% p.a.

Legg Mason Wholesale Defensive Trust

SSB0001AU No No n/a -5.28% 8.18% 6.74% 9.56% n/a n/a

Leveraged Investment Companies Fund

BEG0002AU Yes Yes -49.36% -37.47% 53.52% 28.43% n/a 11.33% p.a. 11.33% p.a.

Life Settlements Wholesale Fund LFS0001AU Yes Yes 26.14% -5.87% 4.69% n/a n/a 8.17%p.a. 8.17% p.a.

LM Wholesale Mortgage Income Fund

LMI0007AU No No 7.34% 7.69% 7.00% 6.75% 6.75% 7.10% p.a. 7.06% p.a.

Macarthur Cook Diversified Prop Income Fund

MCK0002AU No No -58.94% -52.09% 14.40% 9.83% 7.97% n/a -29.68% p.a.

Macquaire Special Events Fund MAQ0360AU Yes Yes 18.55% 5.00% 16.71% 9.81% 10.67% 12.32% p.a. 11.85% p.a.

Macquarie Asian Alpha Fund (formerly MAQ0625AU Yes Yes -5.01% 3.57% n/a n/a n/a n/a 5.16% p.a.

Macquarie Australian Small Companies Incentives Fund

MAQ0479AU Yes Yes -33.91% -33.31% n/a n/a n/a n/a -24.62% p.a.

Macquarie Australian Smaller Companies Fund

MAQ0454AU Yes Yes -34.46% -33.65% n/a n/a n/a n/a -8.60% p.a.

Macquarie BRIC Adv Fund (Hedged) MAQ0473AU Yes Yes -3.76% 0.65% n/a n/a n/a n/a 7.81% p.a.

Macquarie BRIC Adv Fund (Unhedged) – Class G units (formerly Macquarie Globalis BRIC Adv Unhedged)

MAQ0474AU No No 14.13% -11.46% n/a n/a n/a n/a 5.94% p.a.

Macquarie Direct Property Fund MAQ0448AU No Yes -44.32% 6.39% 25.48% n/a n/a n/a -4.26% p.a.


13


Accumulator



(%)


(%)


(%)


(%)


(%)


(% p.a.)

Since inception

to 30/6/09 (% p.a.)

Macquarie Diversified Equity Fund – Accum (2003 Series)

MAQ0282AU Yes Yes -8.89% 3.79% 7.91% 6.08% 12.93% 4.10% p.a. 4.00% p.a.

Macquarie Diversified Private Equity Fund – Accum (2004 Series)


Macquarie Diversified Private Equity Fund – Pension (2003 Series)


Macquarie Enhanced Resource & Commodity Securities – Series 3

MBL0001AU Yes Yes -22.01% 28.92% 2.74% 5.15% n/a n/a 1.87% p.a.

Macquarie Enhanced Resource & Commodity Securities – Series 4

MBL0002AU Yes Yes -35.67% 38.25% 2.98% 13.31% n/a n/a 0.19% p.a.

Macquarie Equinox Limited – Class B Participating Shares

MAQ0001BM Yes Yes n/a n/a n/a n/a n/a n/a n/a

Macquarie Equinox Limited – Class C Participating Shares

MAQ0002BM Yes Yes n/a n/a n/a n/a n/a n/a n/a

Macquarie Global Infrastructure Trust II

MAQ0353AU Yes Yes n/a n/a n/a n/a n/a n/a 6.51% p.a.

Macquarie Martin Place Office Trust MAQ0270AU Yes Yes -24.30% -6.12% 34.16% 36.40% 8.20% 9.67% p.a. 7.59% p.a.

Macquarie Property Income Fund MAQ0300AU No Yes -74.36% -67.37% 36.81% 26.35% 29.78% -28.45% p.a. -22.06% p.a.

Macquarie Wrap Solutions Cash Account

MAQ0203AU Yes Yes 5.02% n/a n/a n/a n/a n/a 5.25%

Magellan Global Fund MGE0001AU Yes Yes 7.08% -17.23% n/a n/a n/a n/a -5.86% p.a.

Magellan Infrastructure Fund MGE0002AU Yes Yes -19.39% -16.68% n/a n/a n/a n/a -18.04% p.a.

Man Series 6 OM-IP 220 Ltd MAN0011CK No Yes -12.40% 21.40% 15.90% 17.25% 19.80% 11.60% p.a. 9.80% p.a.

Maple-Brown Abbott Diversified Investment Trust

MPL0001AU Yes Yes -8.02% -10.30% 15.45% 13.24% 13.43% 4.12% p.a. 9.60% p.a.

Mariner Wholesale Mortgage Trust MRN0003AU Yes Yes 7.00% 7.59% 6.94% 6.64% n/a n/a 7.01% p.a.

Mercer Australian Shares Plus Fund MIN0020AU Yes Yes -14.96% -13.15% 29.61% n/a n/a n/a 2.39% p.a.

Mercer Diversified Alternatives Fund MIN0026AU Yes Yes -7.13% 1.17% 10.26% n/a n/a n/a 1.90% p.a.

Mercer Growth Plus Fund MIN0021AU No No -16.24% -10.73% 18.48% n/a n/a n/a 0.01% p.a.

Mercer Income Plus Fund MIN0027AU No Yes -9.96% -2.28% 10.88% n/a n/a n/a -0.66% p.a.

MFS Fully Hedged Global Equity Trust ETL0041AU Yes Yes -22.17% -12.48% 22.41% 20.96% n/a n/a 1.43% p.a.

MFS Global Equity Trust MIA0001AU Yes Yes -9.70% -18.30% 7.50% 23.38% -12.00% -0.44% p.a. 3.94% p.a.

Milhouse IAG Private Equity Fund TOL0042AU No No -3.80% 13.61% 17.78% n/a n/a n/a 7.95% p.a.

Mirvac Aqua Enhanced Income Fund JFF0003AU No Yes -1.51% 7.80% n/a n/a n/a n/a 3.12% p.a.

Mirvac Aqua High Income Fund JFF0001AU No Yes -8.52% 9.46% 9.47% 9.70% n/a n/a 5.38% p.a.

Mirvac Aqua Income Fund JFF0002AU No Yes 2.96% 7.02% 6.52% 6.38% n/a n/a 5.82% p.a.

MLC Investment Trust - Platinum Global

MLC0317AU No No 8.92% -17.85% 10.72% 25.51% -0.18% 4.42% p.a. 5.70% p.a.

MLC Wholesale Australian Share Fund

MLC0262AU No No -16.87% -15.47% 26.06% 21.25% 26.01% 6.24% p.a. 7.40% p.a.

MLC Wholesale Australian Share Growth Style Fund

MLC0623AU Yes Yes -17.78% -10.68% 23.04% 26.36% n/a n/a 6.82% p.a.

MLC Wholesale Australian Share Value Style Fund

MLC0624AU Yes Yes -17.92% -16.16% 29.68% 14.32% n/a n/a 3.61% p.a.

MLC Wholesale Capital International Global Share Fund

MLC0316AU Yes Yes -15.46% -18.27% 6.28% 22.52% -2.53% -2.59% p.a. -4.99% p.a.

MLC Wholesale Global Share Fund MLC0261AU Yes Yes -19.28% -19.39% 8.32% 21.87% -0.51% -3.09% p.a. -0.04% p.a.

MLC Wholesale Global Share Value Style Fund

MLC0626AU Yes Yes -27.84% -28.39% 17.53% 24.73% n/a n/a -4.94% p.a.

MLC Wholesale Horizon 3 Conservative Growth Portfolio

MLC0398AU Yes Yes -9.95% -5.05% 12.23% 12.25% 11.61% 3.75% p.a. 4.00% p.a.

MLC Wholesale Horizon 4 Balanced Portfolio


MLC Wholesale Horizon 5 Growth Portfolio


MLC Wholesale Horizon 6 Share Portfolio


MLC Wholesale Horizon 7 Accelerated Growth Portfolio

MLC0449AU Yes Yes -31.60% -21.03% 25.45% 24.85% 16.66% -0.26% p.a. 3.96% p.a.

MLC Wholesale IncomeBuilder MLC0264AU Yes Yes -9.30% -24.09% 24.44% 13.65% 21.33% 3.39% p.a. 6.67% p.a.

MLC Wholesale Property Securities Fund

MLC0263AU Yes Yes -36.45% -32.60% 24.47% 17.44% 18.28% -5.83% p.a. 3.47% p.a.

* On 29 May 2008, the underlying investment of the Cash Account was transitioned from the Macquarie Treasury Fund to a wholesale deposit with Macquarie Bank Limited. For performance figures prior to 29 May 2008, refer to the Macquarie Treasury Fund above on this page.

14


Accumulator



(%)


(%)


(%)


(%)


(%)


(% p.a.)

Since inception

to 30/6/09 (% p.a.)

MMC Australian Share Fund MMC0100AU Yes Yes -5.84% -21.98% 13.56% 7.54% 18.41% 3.91% p.a. 6.60% p.a.

MMC Small Companies Fund AMS0100AU No No -31.20% -36.71% 20.59% 11.81% 23.09% -1.16% p.a. 12.33% p.a.

Morgan Stanley Global Franchise Fund

MAQ0404AU Yes Yes 1.96% -23.55% 7.97% 18.86% n/a n/a 2.15% p.a.

Multiplex Diversified Property Fund MLP0001AU No Yes -56.30% -27.00% n/a n/a n/a n/a -34.50% p.a.

Multiplex Property Income Fund MLP0002AU No Yes -9.23% 9.32% n/a n/a n/a n/a 0.96% p.a.

OC Dynamic Equity Fund OPS0001AU Yes Yes -32.30% -40.50% 30.10% 32.40% 19.90% -3.60% p.a. 7.40% p.a.

OC Premium Equity Fund OPS0002AU Yes Yes -29.80% -40.30% 26.20% 33.30% 21.00% -3.10% p.a. 6.40% p.a.

OM-IP 130 Plus MAN0001CK No Yes -9.10% 16.50% 11.90% 10.77% 15.05% 8.60% p.a. 5.20% p.a.

OM-IP 140 Plus MAN0014CK Yes Yes -9.40% 17.40% 10.20% 10.08% 8.83% 7.00% p.a. 6.70% p.a.

OM-IP 15 seven MAN0019CK Yes Yes -10.20% 24.30% 15.80% 11.13% n/a n/a 9.40% p.a.

OM-IP 16eight Limited MAN0024CK Yes Yes -11.10% 22.80% 13.40% n/a n/a n/a 5.60% p.a.

OM-IP 220 Series 10 MAN0021CK Yes Yes -13.60% 21.60% 14.70% 14.01% n/a n/a 8.70% p.a.

OM-IP AHL Limited MAN0035CK No Yes n/a n/a n/a n/a n/a n/a -3.90% p.a.

OM-IP Eclipse Limited MAN0026CK Yes Yes -8.70% 21.20% n/a n/a n/a n/a 8.70% p.a.

OM-IP Hedge Plus MAN0004CK Yes Yes -21.50% 7.40% 13.50% 13.94% 13.18% 4.30% p.a. 3.80% p.a.

OM-IP Multi Strategy MAN0016CK No Yes -26.60% 6.10% 15.00% 11.69% 11.15% 2.20% p.a. -2.40% p.a.

OM-IP Strategic MAN0005CK No Yes -24.40% 4.00% 20.50% 16.18% 21.09% 2.20% p.a. 7.40% p.a.

OM-IP Stratum Limited MAN0020Ck No Yes -16.70% 5.60% 13.80% 12.09% n/a n/a 3.40% p.a.

OptiMix Wholesale Australian Fixed Interest Trust – Class B Units

LEF0104AU No Yes 11.06% 2.86% 3.49% 3.36% 7.55% 5.62% p.a. 5.53% p.a.

OptiMix Wholesale Australian Property Securities Trust

LEF0101AU No Yes -36.32% -40.04% 26.23% 17.01% 17.45% -7.91% p.a. 0.18% p.a.

OptiMix Wholesale Australian Share Trust

LEF0043AU Yes Yes -21.09% -12.37% 27.20% 24.23% 26.00% 6.56% p.a. 6.44% p.a.

OptiMix Wholesale Australian Share Trust – Class B Units


OptiMix Wholesale Balanced Trust LEF0107AU Yes Yes -12.92% -10.75% 16.79% 16.90% 13.72% 3.82% p.a. 6.00% p.a.

OptiMix Wholesale Conservative Trust LEF0108AU Yes Yes -1.40% -4.77% 10.34% 9.20% 10.09% 4.49% p.a. 5.52% p.a.

OptiMix Wholesale Enhanced Cash Trust

LEF0105AU No Yes 5.20% 4.76% 5.72% 5.51% 5.48% 5.33% p.a. 5.10% p.a.

Optimix Wholesale Geared Australian Share Trust – Class B

MMF0990AU Yes Yes -49.05% n/a n/a n/a n/a n/a -19.31% p.a.

OptiMix Wholesale Global Share Trust LEF0103AU Yes Yes -22.77% -19.14% 10.46% 20.59% 1.45% -3.51% p.a. 1.25% p.a.

OptiMix Wholesale Global Share Trust – Class A

LEF0047AU Yes Yes -22.81% -19.19% 10.35% 20.61% 1.30% -3.41% p.a. 1.18% p.a.

OptiMix Wholesale Global Smaller Companies Share Trust

LEF0173AU Yes Yes -23.24% -21.66% 14.71% 22.44% 6.18% -2.16% p.a. 0.73% p.a.

OptiMix Wholesale Growth Trust LEF0106AU Yes Yes -15.86% -12.56% 18.71% 18.80% 14.88% 3.56% p.a. 5.73% p.a.

OptiMix Wholesale High Growth Trusts


OptiMix Wholesale Moderate Trust LEF0027AU Yes Yes -7.24% -7.86% 13.24% 13.12% 12.02% 4.16% p.a. 5.34% p.a.

Opus Income & Capital Fund No. 21 OPU0001AU No No -5.21% 12.82% 13.58% 8.75% n/a n/a 6.90% p.a.

Orchard Hybrid Property Fund SAI0001AU No Yes -25.99% -1.48% 19.07% 15.63% 22.44% 4.21% p.a. 3.53% p.a.

Ord Minnett Enhanced Income Fund ORD0005AU Yes Yes 4.61% 4.79% 6.39% n/a n/a n/a 5.30% p.a.

Ord Minnett Global Dynamic Fund ORD0007AU Yes Yes -15.16% -22.85% n/a n/a n/a n/a -15.42% p.a.

Ord Minnett Hedged Global Dynamic Fund

ORD0008AU Yes Yes -30.61% n/a n/a n/a n/a n/a -40.30% p.a.

Orion Wholesale Australian Share Fund


Pengana Emerging Companies Fund PER0270AU Yes Yes -19.84% -29.47% 70.74% 37.48% n/a n/a 9.05% p.a.

Pengana Property Securities Fund PER0076AU No No -52.15% -39.84% 28.72% 17.26% n/a n/a n/a

Perennial Asia Shares Wholesale Trust

IOF0203AU Yes Yes -9.11% -19.58% 25.50% 14.55% 15.23% 3.90% p.a. 2.94% p.a.

Perennial Australian Property Wholesale Trust

IOF0044AU No Yes -36.96% -37.60% 23.39% 16.27% 22.15% -7.17% p.a. 5.72% p.a.

Perennial Balanced Wholesale Trust IOF0104AU Yes Yes -16.06% -8.97% 15.48% 14.72% 13.96% 2.90% p.a. 4.15% p.a.

Perennial Fixed Interest Wholesale Trust

IOF0046AU No Yes 12.36% 2.46% 3.49% 3.32% 7.28% 5.72% p.a. 7.52% p.a.

Perennial Global Property Wholesale Trust

IOF0081AU Yes Yes -46.19% -21.16% 21.81% n/a n/a n/a -19.49% p.a.

Perennial Growth Shares Wholesale Trust



15


Accumulator



(%)


(%)


(%)


(%)


(%)


(% p.a.)

Since inception

to 30/6/09 (% p.a.)

Perennial International Shares Wholesale Trust

IOF0045AU Yes Yes -27.84% -11.64% 6.07% 14.26% -2.60% -5.52% p.a. 3.38% p.a.

Perennial Value Share Wholesale Trust


Perennial Value Shares for Income Trust

IOF0078AU Yes Yes -16.63% -18.82% 37.04% n/a n/a n/a -1.04% p.a.

Perpetual WealthFocus Investment Advantage – Perpetual's Smaller Companies

PER0039AU No No -27.08% -18.69% 45.77% 18.59% 18.06% 3.89% p.a. 12.99% p.a.

Perpetual Exact Market Cash Fund PER0258AU No Yes 5.46% 7.34% 6.42% 5.75% n/a n/a 6.21% p.a.

Perpetual Wholesale Australian Fund PER0049AU Yes Yes -18.33% -10.52% 23.04% 26.36% 27.02% 7.61% p.a. 10.66% p.a.

Perpetual Wholesale Balanced Growth Fund

PER0063AU Yes Yes -10.81% -9.86% 10.47% 17.27% 14.71% 3.62% p.a. 6.30% p.a.

Perpetual Wholesale Concentrated Equity Fund


Perpetual Wholesale Conservative Growth Fund


Perpetual Wholesale Diversified Growth Fund


Perpetual Wholesale Diversified Income Fund

PER0260AU No Yes -4.89% -0.33% 7.08% n/a n/a n/a 1.63% p.a.

Perpetual Wholesale Ethical SRI Fund PER0116AU Yes Yes -11.50% -27.64% 38.33% 26.30% 22.02% 6.42% p.a. 7.35% p.a.

Perpetual Wholesale Geared Australian Fund


Perpetual Wholesale Industrial Fund PER0046AU Yes Yes -8.40% -23.39% 28.03% 15.36% 21.34% 4.69% p.a. 10.04% p.a.

Perpetual Wholesale International Share Fund

PER0050AU Yes Yes -10.46% -21.79% 5.20% 17.54% 1.72% -2.52% p.a. 1.83% p.a.

Perpetual Wholesale Monthly Income Fund

PER0106AU Yes Yes 4.91% 6.24% 6.44% 6.15% 6.01% 5.95% p.a. 5.87% p.a.

Perpetual Wholesale Property Income Fund

PER0266AU No Yes -30.97% -24.80% 21.84% 18.18% n/a n/a -4.20% p.a.

Perpetual Wholesale Property Securities Fund

PER0070AU No Yes -44.86% -39.82% 24.60% 19.29% 17.54% -10.33% p.a.

3.84% p.a.

Perpetual Wholesale SHARE-PLUS Long-Short Fund


Perpetual Wholesale Smaller Companies Fund


Perpetual Wholesale Split Growth Fund


Peters MacGregor Global Fund WPC0002AU Yes Yes -15.83% -15.51% -4.19% n/a n/a n/a -1.02% p.a.

Platinum Asia Fund PLA0004AU Yes Yes 10.30% -10.10% 32.11% 28.34% 47.14% 19.86% p.a. 22.01% p.a.

Platinum European Fund PLA0001AU Yes Yes -5.80% -23.87% 18.01% 25.80% 3.70% 2.00% p.a. 10.30% p.a.

Platinum International Brands Fund PLA0100AU Yes Yes 10.96% -20.75% 9.83% 26.79% 21.21% 8.22% p.a. 11.63% p.a.

Platinum International Fund PLA0002AU Yes Yes 18.18% -16.14% 6.18% 26.75% -1.68% 5.57% p.a. 14.34% p.a.

Platinum International Technology Fund

PLA0101AU Yes Yes 23.39% -18.97% 5.79% 30.55% -14.80% 3.30% p.a. 8.45% p.a.

Platinum Japan Fund PLA0003AU Yes Yes 30.83% -22.94% -9.57% 33.46% 3.49% 4.72% p.a. 16.07% p.a.

Platinum Unhedged Fund PLA0006AU Yes Yes 5.06% -14.15% 14.14% 44.19% n/a n/a 9.05% p.a.

PM Capital Absolute Performance Fund

PMC0100AU Yes Yes -14.05% -37.98% 8.46% 17.14% 0.60% -7.39% p.a. 4.28% p.a.

PM Capital Australian Opportunities Fund

PMC0101AU Yes Yes -13.96% -29.80% 21.61% 25.20% 13.75% 0.90% p.a. 8.30% p.a.

PM Capital Enhanced Yield Fund PMC0103AU No Yes 6.16% 3.01% 7.48% 7.19% 5.75% 5.91% p.a. 6.98% p.a.

Prime Value Growth Fund PVA0011AU Yes Yes -18.05% -4.82% 30.57% 24.37% 47.47% 13.31% p.a. 15.36% p.a.

Prime Value Imputation Fund PVA0022AU Yes Yes -21.35% -18.68% 31.78% 15.29% 32.70% 5.22% p.a. 14.82% p.a.

Principal Global Strategic Income Fund

PGI0001AU Yes Yes -21.33% -8.80% 6.44% 7.50% 8.09% -2.36% p.a. -2.10% p.a.

Principal Property Securities Fund PRE0001AU Yes Yes -42.30% -39.43% 26.43% 21.37% 21.34% -8.23% p.a. -3.59% p.a.

RARE Infrastructure Value Fund TGP0008AU Yes Yes -18.84% -5.70% n/a n/a n/a n/a -4.33% p.a.

RCM Global Equities Fund THO0003AU Yes Yes -22.36% -20.39% 8.30% 21.75% -5.88% -5.17% p.a. 2.56% p.a.

RREEF Global (ex Aust) Property Securities Fund

MGL0010AU Yes Yes -47.76% -19.91% 21.29% 27.49% n/a n/a -4.56% p.a.

RREEF Global Equity Opportunities Fund

MGL0134AU Yes Yes -16.13% -2.91% 17.13% 13.90% 9.72% 3.58% p.a. 3.97% p.a.

RREEF Global Property Securities Fund MGL0011AU No Yes -46.08% -23.83% 22.09% 26.67% n/a n/a -5.20% p.a.

16


Accumulator



(%)


(%)


(%)


(%)


(%)


(% p.a.)

Since inception

to 30/6/09 (% p.a.)

RREEF Paladin Property Securities Fund

PAL0002AU Yes Yes -40.85% -42.19% 27.44% 20.04% 18.62% -9.10% p.a. 4.63% p.a.

Russell Australian Opportunities Fund – Class A

RIM0029AU Yes Yes -17.26% -18.14% 27.41% 24.07% 26.97% 6.31% p.a. 6.76% p.a.

Russell Australian Select Holdings Fund – Class A

RIM0035AU Yes Yes -16.58% -14.82% n/a n/a n/a n/a -6.93% p.a.

Russell Australian Shares Fund Class – A


Russell Australian Shares Fund Class – C


Russell Balanced Fund – Class A RIM0001AU Yes Yes -13.22% -12.79% 14.64% 15.92% 14.44% 2.85% p.a. 3.08% p.a.

Russell Balanced Fund – Class C RIM0011AU Yes Yes -13.40% -12.98% 14.44% 15.93% 14.18% 2.68% p.a. 2.95% p.a.

Russell Conservative Fund – Class A RIM0002AU Yes Yes -2.42% -3.57% 8.94% 8.90% 9.81% 4.15% p.a. 4.44% p.a.

Russell Diversified 50 Fund – Class A RIM0003AU Yes Yes -7.30% -8.16% 11.44% 12.36% 12.16% 3.64% p.a. 4.04% p.a.

Russell Emerging Markets Fund RIM0038AU Yes Yes -17.61% -6.63% n/a n/a n/a n/a -8.40% p.a.

Russell Global Opportunities Fund – Class A

RIM0032AU Yes Yes -15.28% -19.92% 7.60% 23.49% n/a n/a -1.42% p.a.

Russell Growth Fund – Class A RIM0004AU Yes Yes -18.42% -16.49% 18.40% 19.80% 16.27% 2.36% p.a. 2.11% p.a.

Russell Growth Fund – Class C RIM0014AU Yes Yes -18.57% -16.65% 18.24% 19.66% 15.95% 2.17% p.a. 2.32% p.a.

Russell High Growth Fund – Class C RIM0030AU Yes Yes -19.84% -18.38% 20.90% n/a n/a n/a -2.37% p.a.

Russell International Property Securities Fund (Hedged) – Class A

RIM0031AU No Yes -38.09% -20.45% 17.76% 25.23% n/a n/a -5.10% p.a.

Russell International Shares (Hedged) – Class A

RIM0009AU Yes Yes -32.92% -16.12% 20.77% 18.27% 12.96% -1.92% p.a. -0.29% p.a.

Russell International Shares Fund – Class A

RIM0008AU Yes Yes -19.97% -22.39% 6.08% 20.90% 0.30% -4.39% p.a. -0.41% p.a.

Sandhurst IML Industrial Share Fund STL0101AU Yes Yes -6.41% -24.08% 27.21% 9.75% 18.47% 3.28% p.a. 7.90% p.a.

Schroder Australian Equity Fund SCH0002AU No No -11.32% -17.13% 27.49% 27.02% 26.94% 8.60% p.a. 11.66% p.a.

Schroder Balanced Fund SCH0102AU Yes Yes -5.47% -8.93% 16.83% 15.97% 14.56% 5.97% p.a. 6.32% p.a.

Schroder Fixed Income Fund SCH0028AU Yes Yes 9.76% 4.11% 4.84% 3.77% 8.07% 6.08% p.a. 5.99% p.a.

Schroder Global Active Value Fund SCH0030AU Yes Yes -7.83% -26.63% 16.33% n/a n/a n/a -1.68% p.a.

Schroder Global Active Value Fund (Hedged)

SCH0032AU Yes Yes -25.35% -21.02% 30.60% n/a n/a n/a -2.97% p.a.

Schroder Global Emerging Markets Fund

SCH0034AU Yes Yes -13.13% -5.68% n/a n/a n/a n/a 3.83% p.a.

Schroder Hybrid Securities Fund SCH0103AU No Yes -3.89% -2.21% 6.58% 6.09% 6.71% 2.55% p.a. 4.52% p.a.

Schroder Wholesale Australian Equity Fund

SCH0101AU Yes Yes -11.60% -17.44% 27.17% 26.71% 26.62% 8.29% p.a. 8.19% p.a.

Select Alternatives Portfolio SLT0005AU Yes Yes -16.24% 5.28% 12.53% 17.74% 11.61% 5.46% p.a. 4.35% p.a.

Select Defensive Portfolio SLT0001AU Yes Yes -12.89% 0.75% 13.24% 14.64% 9.81% 4.58% p.a. 6.01% p.a.

Select Gottex Enhanced Market Neutral Fund

SLT0003AU No No -46.25% -6.07% 15.21% 9.50% 7.50% -7.30% p.a. -2.71% p.a.

Select Gottex Market Neutral Fund SLT0004AU Yes Yes -22.62% 1.20% 11.13% 8.37% 7.16% 0.21% p.a. 2.66% p.a.

Select Growth Portfolio SLT0002AU Yes Yes -17.63% -4.68% 15.61% 20.39% 10.61% 3.86% p.a. 6.69% p.a.

Select Private Equity Portfolio SLT0008AU No No -41.09% -19.26% n/a n/a n/a n/a -19.57% p.a.

SGH ICE ETL0062AU Yes Yes -4.39% -33.28% 55.72% n/a n/a n/a 0.89% p.a.

SGH20 ETL0042AU Yes Yes -22.26% 10.65% 47.12% 19.08% n/a n/a 14.83% p.a.

Solaris Core Australian Equity Fund WHT0012AU Yes Yes n/a n/a n/a n/a n/a n/a -9.01% p.a.

Souls Aust Small Companies Fund FAM0101AU Yes Yes -8.51% -30.49% 53.70% 15.82% 20.19% 6.35% p.a. 16.73% p.a.

Souls Australian Select Share Fund VIM0002AU Yes Yes -8.79% -14.50% 33.70% n/a n/a n/a 0.40% p.a.

Spectrum Wholesale Enhanced Income Fund

SAM0001AU No Yes -4.04% -4.74% 7.61% 4.82% 6.11% 0.84% p.a. n/a

SSgA Australian Equities Index Trust SST0004AU Yes Yes 4.05% -7.44% -0.13% 2.11% 4.72% 6.90% p.a. 7.84% p.a.

SSgA Australian Fixed Income Index Trust

SST0005AU No Yes 0.62% 0.25% -0.44% 0.18% 0.63% 6.00% p.a. 6.00% p.a.

SSgA Australian Listed Property Index Trust

SST0007AU No Yes 4.58% -10.69% -4.91% 6.28% 4.73% -7.95% p.a. 2.06% p.a.

SSgA International Equities Index Trust

SST0013AU Yes Yes -1.59% -8.56% -3.27% 1.43% 0.20% -2.89% p.a. 0.29% p.a.

SSgA International Equities Index Trust (Hedged)

SST0022AU Yes Yes - -7.84% -0.81% 0.71% 1.85% 0.47% p.a. 6.29% p.a.

Suncorp Wholesale Australian Equities Fund

SUN0114AU Yes Yes -19.89% -11.37% 28.31% 28.91% 29.29% 8.71% p.a. 9.52% p.a.


17


Accumulator



(%)


(%)


(%)


(%)


(%)


(% p.a.)

Since inception

to 30/6/09 (% p.a.)

T. Rowe Price Global Equity Fund ETL0071AU Yes Yes -24.96% -14.41% n/a n/a n/a n/a -12.18% p.a.

TAAM New Asia Fund TGP0006AU Yes Yes -1.71% -21.58% 36.87% n/a n/a n/a 5.00% p.a.

Templeton Emerging Markets Fund FRT0006AU Yes Yes -14.46% n/a n/a n/a n/a n/a -19.41% p.a.

Templeton Global Equity Fund FRT0004AU Yes Yes -15.12% -26.11% 11.57% 20.75% n/a n/a -3.86% p.a.

Tyndall Australian Share Income Fund TYN0038AU Yes Yes n/a n/a n/a n/a n/a n/a 9.07% p.a.

Tyndall Australian Share Wholesale Portfolio

TYN0028AU Yes Yes -17.40% -12.11% 26.29% 17.60% 29.51% 6.90% p.a. 10.80% p.a.

UBS Australian Bond Fund SBC0813AU Yes Yes 11.77% 3.69% 3.44% 3.48% 7.53% 5.93% p.a. 9.12% p.a.

UBS Australian Equity Income Fund UBS0007AU Yes Yes -26.36% -9.93% 25.76% n/a n/a n/a -4.46% p.a.

UBS Australian Share Fund SBC0817AU Yes Yes -8.37% -15.25% 28.77% 23.35% 26.04% 9.22% p.a. 11.12% p.a.

UBS Australian Small Companies Fund

UBS0004AU Yes Yes -6.83% -7.35% 37.64% 27.65% 29.31% 14.41% p.a. 14.68% p.a.

UBS Balanced Investment Fund SBC0815AU Yes Yes -9.15% -13.44% 11.66% 14.46% 14.48% 2.84% p.a. 7.95% p.a.

UBS Cash Fund SBC0811AU Yes Yes 5.26% 7.13% 6.20% 5.53% 5.40% 5.90% p.a. 6.82% p.a.

UBS Cash Plus Fund SBC0812AU No Yes 2.24% 5.50% 6.23% 5.74% 5.66% 5.06% p.a. 5.54% p.a.

UBS Credit Enhanced Cash Fund UBS0102AU No No -11.56% -0.55% 6.36% 5.97% 5.91% 0.98% p.a. 2.89% p.a.

UBS Defensive Investment Fund SBC0814AU Yes Yes -0.69% -5.46% 7.46% 9.24% 10.07% 3.94% p.a. 7.10% p.a.

UBS Diversified Credit Income Fund UBS0003AU Yes Yes -10.66% -7.49% 5.92% 5.67% 6.45% -0.31% p.a. 2.40% p.a.

UBS Diversified Fixed Income Fund SBC0007AU No Yes 11.97% 0.13% 4.18% 3.18% 8.38% 5.48% p.a. 6.26% p.a.

UBS Global Infrastructure Securities Fund

UBS0011AU No No -26.34% -15.99% 18.23% n/a n/a n/a -9.04% p.a.

UBS Global Property Securities Fund UBS0008AU No Yes -23.81% -34.96% 8.07% n/a n/a n/a -10.69% p.a.

UBS International Bond Fund SBC0819AU Yes Yes 0.80% 1.93% 5.10% 1.55% 9.68% 3.40% p.a. 6.13% p.a.

UBS International Share Fund SBC0822AU Yes Yes -10.96% -23.61% 3.93% 14.94% 1.05% -3.86% p.a. 3.17% p.a.

UBS Property Securities Fund SBC0816AU Yes Yes -44.63% -48.83% 29.09% 18.10% 24.53% -11.66% p.a. 4.02% p.a.

UBS Protected Cash Fund UBS0017AU Yes Yes n/a n/a n/a n/a n/a n/a 1.96% p.a.

Vanguard Australian Fixed Interest Index Fund

VAN0001AU Yes Yes 11.01% 4.05% 3.78% 3.32% 7.64% 5.92% p.a. 6.31% p.a.

Vanguard Australian Government Bond Index Fund

VAN0025AU Yes Yes n/a n/a n/a n/a n/a n/a -1.70% p.a.

Vanguard Australian Shares High Yield Fund

VAN0104AU Yes Yes -22.13% -14.03% 29.92% 18.96% 24.19% 5.14% p.a. 5.97% p.a.

Vanguard Australian Shares Index Fund VAN0002AU Yes Yes -20.22% -13.96% 28.79% 23.75% 25.90% 6.61% p.a. 7.15% p.a.

Vanguard Balanced Index Fund VAN0108AU Yes Yes -6.56% 12.81% 12.81% 11.97% 11.96% 4.59% p.a. 5.60% p.a.

Vanguard Cash Reserve Fund VAN0020AU No Yes 5.29% n/a n/a n/a n/a n/a 6.16% p.a.

Vanguard Conservative Index Fund VAN0109AU Yes Yes -0.98% 10.06% 9.29% 9.83% 8.89% 5.29% p.a. 5.80% p.a.

Vanguard Emerging Markets Share Index Fund

VAN0005AU Yes Yes -13.12% 26.33% 39.16% 22.68% 28.42% 11.61% p.a. 6.39% p.a.

Vanguard Growth Index Fund VAN0110AU Yes Yes -11.74% 16.01% 16.44% 14.28% 15.25% 4.02% p.a. 5.49% p.a.

Vanguard High Growth Index Fund VAN0111AU Yes Yes -17.93% 19.35% 20.77% 15.68% 18.58% 3.05% p.a. 4.97% p.a.

Vanguard International Fixed Interest Index Fund (Hedged)

VAN0103AU Yes Yes 10.18% 4.92% 0.85% 11.82% 3.33% 7.13% p.a. 7.16% p.a.

Vanguard International Property Securities Fund

VAN0018AU No Yes -30.69% -28.45% 3.13% n/a n/a n/a -12.23% p.a.

Vanguard International Property Securities Index Fund (Hedged)

VAN0019AU Yes Yes -44.08% -20.18% 17.66% n/a n/a n/a -12.31% p.a.

Vanguard International Share Index Fund (Hedged)

VAN0105AU Yes Yes -28.95% -13.84% 23.31% 17.51% 13.08% 0.06% p.a. -2.41% p.a.

Vanguard International Shares Index Fund

VAN0003AU Yes Yes -16.06% -21.24% 7.59% 20.05% -0.05% -3.12% p.a. 1.51% p.a.

Vanguard International Small Companies Index (Hedged)

VAN0022AU Yes Yes -29.28% n/a n/a n/a n/a n/a -26.96% p.a.

Vanguard Property Securities Index Fund

VAN0004AU Yes Yes -40.49% -37.82% 25.97% 17.73% 18.44% -8.26% p.a. 2.02% p.a.

Ventura Australian Shares Fund RIM0021AU No No -17.94% -14.47% 26.27% 22.83% 27.49% 6.77% p.a. 6.41% p.a.

Ventura Capital Stable Fund RIM0018AU Yes Yes -2.23% -3.76% 8.63% 8.53% 9.52% 3.97% p.a. 4.25% p.a.

Ventura Diversified 50 Fund RIM0019AU Yes Yes -7.70% -8.60% 11.15% 11.64% 11.50% 3.14% p.a. 3.65% p.a.

Ventura Growth 70 Fund RIM0020AU Yes Yes -13.00% -12.65% 14.24% 15.27% 13.64% 2.61% p.a. 3.00% p.a.

Walter Scott Global Equity Fund MAQ0410AU Yes Yes -2.69% -13.33% 1.30% 25.15% n/a n/a 1.96% p.a.

Walter Scott Global Equity Fund (Hedged)

MAQ0557AU Yes Yes -18.51% n/a n/a n/a n/a n/a -11.07% p.a.

18


Accumulator



(%)


(%)


(%)


(%)


(%)


(% p.a.)

Since inception

to 30/6/09 (% p.a.)

Winton Global Alpha Fund MAQ0482AU Yes Yes 0.51% 27.18% n/a n/a n/a n/a 14.25% p.a.

Zurich Investments Australian Property Securities Fund

ZUR0064AU Yes Yes -41.29% -38.06% 25.79% 16.94% 17.56% -8.86% p.a. 1.64% p.a.

Zurich Investments Australian Value Share Fund

ZUR0060AU Yes Yes -9.25% -19.97% 28.27% 20.10% 21.88% 6.40% p.a. 7.01% p.a.

Zurich Investments Equity Income Fund

ZUR0538AU Yes Yes -5.99% -8.37% n/a n/a n/a n/a -0.50% p.a.

Zurich Investments Global Small Companies Share Fund

ZUR0240AU Yes Yes -18.05% -24.16% 9.97% 22.77% 12.35% -1.17% p.a. -2.14% p.a.

Zurich Investments Global Thematic Share Fund


Zurich Investments Hedged Global Thematic Share Fund

ZUR0517AU Yes Yes -19.69% -0.57% 23.58% n/a n/a n/a 3.96% p.a.

Zurich Investments Managed Growth Fund


Zurich Investments Unhedged Global Thematic Share Fund

ZUR0518AU Yes Yes -6.97% -10.94% 8.44% n/a n/a n/a 1.85% p.a.


How the returns are calculatedThe investment returns for each investment option have been calculated and provided directly by the investment managers.

Returns are annualised, based on the change in withdrawal prices of each investment option and assume the reinvestment of distributions. Returns are net of ongoing investment management fees and gross of tax and other fees that may be charged directly to your account.

Past performance is no indication of future performance. The value of your investment may rise or fall. Your investment is not guaranteed. Information on the individual investment options can be found in the current Product Disclosure Statements available on ClientView or from your adviser. You should consider the current Product Disclosure Statements before deciding to invest in, or switch between, investment options.

n/a – Performance information is unavailable

19

Asset allocation as at 30 June 2009

Investment name APIR As at Cash (%)

Australian fixed

interest (%)

International fixed

interest (%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)

International shares

(%)

Direct/Unlisted Property

(%)

Absolute Return

(%)

Other (%)

Abacus Diversified Income Fund II

ABA0008AU 30/06/2009 0.20% - - - 0.80% - - 97.40% - 1.60%

30/06/2008 0.52% - - - 3.83% - - 92.95% - 2.70%

Aberdeen Australian Equities Fund

MGL0114AU 30/06/2009 3.08% - - - - 96.92% - - - -

30/06/2008 17.20% - - - - 82.80% - - - -

Aberdeen Australian Fixed Income Fund

CRS0004AU 30/06/2009 4.20% 95.80% - - - - - - - -

30/06/2008 4.70% 95.30% - - - - - - - -

Aberdeen Australian Small Companies Fund

MGL0001AU 30/06/2009 9.17% - - - - 90.83% - - - -

30/06/2008 11.17% - - - - 88.83% - - - -

Aberdeen Capital Growth Fund CRS0002AU 30/06/2009 0.41% 15.56% 12.53% - - 45.68% 22.76% 1.53% - 1.53%

30/06/2008 1.40% 16.05% 13.37% - - 41.89% 24.63% 2.67% - -

Aberdeen Cash Fund CRS0009AU 30/06/2009 100.00% - - - - - - - - -

30/06/2008 100.00% - - - - - - - - -

Aberdeen Cash Plus Fund MGL0101AU 30/06/2009 100.00% - - - - - - - - -

30/06/2008 100.00% - - - - - - - - -

Aberdeen China Opportunities Fund

ETL0031AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 - - - - - - 100.00% - - -

Aberdeen Classic Series Australian Equities Fund

CRS0003AU 30/06/2009 2.55% - - - - 97.45% - - - -

30/06/2008 0.80% - - - - 99.20% - - - -

Aberdeen Classic Series Australian Small Companies Fund

CSA0131AU 30/06/2009 3.39% - - - - 96.61% - - - -

30/06/2008 9.00% - - - - 91.00% - - - -

Aberdeen Classic Series International Equities Fund

CSA0136AU 30/06/2009 0.00% - - - - - 100.00% - - -

30/06/2008 - - - - - - 100.00% - - -


ETL0032AU 30/06/2009 9.30% - - - - - 90.70% - - -

30/06/2008 0.92% - - - - - 99.08% - - -


ETL0032AU 30/06/2009 9.30% - - - - - 90.70% - - -

30/06/2008 0.92% - - - - - 99.08% - - -

Aberdeen Financials Fund EQI0027AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 - - - - - 100.00% - - - -

Aberdeen Financials Fund EQI0027AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 - - - - - 100.00% - - - -

Aberdeen Fully Hedged International Equities Fund

CSA0135AU 30/06/2009 0.01% - - - - - 99.99% - - -

30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

Aberdeen International Equity Fund

EQI0015AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 - - - - - - 100.00% - - -

Aberdeen International Equity Fund

EQI0015AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 - - - - - - 100.00% - - -


CRS0006AU 30/06/2009 - - 100.00% - - - - - - -

30/06/2008 - - 100.00% - - - - - - -


CRS0006AU 30/06/2009 - - 100.00% - - - - - - -

30/06/2008 - - 100.00% - - - - - - -

Aberdeen Sustainable Income Fund

CRS0001AU 30/06/2009 2.97% 46.60% 11.45% - - 34.80% - 4.18% - -


Aberdeen Sustainable Income Fund

CRS0001AU 30/06/2009 2.97% 46.60% 11.45% - - 34.80% - 4.18% - -


Acadian Australian Equity Long Short Fund

FSF0789AU 30/06/2009 1.90% - - - - 98.10% - - - -

30/06/2008 2.43% - - - - 97.57% - - - -

Acadian Wholesale Australian Equity

FSF0787AU 30/06/2009 1.61% - - - - 98.39% - - - -

30/06/2008 1.34% - - - - 98.66% - - - -

Acadian Wholesale Global Equity Long Short Fund

FSF0788AU 30/06/2009 2.37% - - - - - 97.63% - - -

30/06/2008 1.59% - - - - - 98.41% - - -

Acorn Capital Wholesale Microcap Trust

AUS0108AU 30/06/2009 7.54% - - - - 92.46% - - - -

30/06/2008 11.14% - - - - 88.86% - - - -

20


Australian fixed

interest (%)

International fixed

interest (%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)


(%)


(%)

Absolute Return

(%)

Other (%)

Addwealth Achiever Fund TAM0001AU 30/06/2009 16.00% 12.00% - - - 51.00% - 5.00% - 16.00%


Advance Asian Equity Fund - Wholesale

ADV0083AU 30/06/2009 7.14% - - - - - 92.86% - - -

30/06/2008 2.09% - - - - - 97.91% - - -

Advance Australian Geared Equity Fund - Wholesale

ADV0078AU 30/06/2009 4.69% - - - - 95.31% - - - -

30/06/2008 3.44% - - - - 96.56% - - - -

Advance Australian Smaller Companies Fund

ADV0075AU 30/06/2009 3.01% - - - - 96.99% - - - -

30/06/2008 4.78% - - - - 95.22% - - - -

Advance Concentrated Australian Equity Wholesale Fund

ADV0115AU 30/06/2009 1.76% - - - - 98.24% - - - -

30/06/2008 10.42% - - - - 89.58% - - - -

Advance Global Alpha Fund ADV0117AU 30/06/2009 - - - - - - - - 100.00% -

30/06/2008 - - - - - - - - 100.00% -

Advance Imputation Fund - Wholesale

ADV0046AU 30/06/2009 6.44% - - - - 93.56% - - - -

30/06/2008 7.91% - - - - 92.09% - - - -

Advance International Sharemarket Fund - Wholesale

ADV0047AU 30/06/2009 0.86% - - - - - 99.14% - - -

30/06/2008 2.40% - - - - - 97.60% - - -

Advance Australian Smaller Companies Multi-Blend Fund - Wholesale

ADV0096AU 30/06/2009 0.89% - - - - 99.11% - - - -

30/06/2008 0.40% - - - - 99.60% - - - -

All Star IAM Australian Share Fund

VEN0006AU 30/06/2009 1.00% - - - - 99.00% - - - -

30/06/2008 1.00% - - - - 99.00% - - - -

All Star Income Fund VEN0007AU 30/06/2009 45.00% 10.00% - - 5.00% 20.00% - - - 20.00%

30/06/2008 50.00% 10.00% - - 5.00% 20.00% - - - 15.00%

Alpha Strategic Fund - Class B Units

TOL0055AU 30/06/2009 8.00% - - - - - - - 92.00% -

30/06/2008 2.20% - - - - - - - 97.80% -

AMP Capital Balanced Growth Fund - Class A

AMP0441AU 30/06/2009 7.35% 14.71% 7.01% - 8.10% 37.41% 24.25% - - 1.18%

30/06/2008 9.18% 15.03% 4.59% - 7.25% 38.01% 22.86% - - 3.08%

AMP Capital China Fund 2 AMP1009AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 - - - - - - 100.00% - - -

AMP Capital Conservative Fund - Class A

AMP0443AU 30/06/2009 28.60% 27.82% 13.70% - 5.94% 14.88% 8.18% - - 0.87%

30/06/2008 29.56% 27.03% 11.55% - 5.22% 15.60% 8.12% - - 2.94%

AMP Capital Core Infrastructure Fund - Class A

AMP1179AU 30/06/2009 6.28% - - - - - - - - 93.72%

30/06/2008 16.44% - - - - - - - - 83.56%

AMP Capital Core Property Fund - Class A

AMP1015AU 30/06/2009 - - - - 48.19% - - 51.81% - -

30/06/2008 - - - - 51.24% - - 48.76% - -

AMP Capital Core Strategies Fund

AMP0279AU 30/06/2009 -11.23% 95.74% - - - - - - - 15.50%

30/06/2008 -0.03% 100.03% - - - - - - - -

AMP Capital Enhanced Yield Fund - Class A

AMP0685AU 30/06/2009 15.99% 84.01% - - - - - - - -

30/06/2008 16.24% 83.76% - - - - - - - -

AMP Capital Equity Fund - Class A

AMP0370AU 30/06/2009 1.35% - - - - 98.65% - - - -

30/06/2008 2.18% - - - - 97.82% - - - -

AMP Capital Global Property Securities Fund - Class A

AMP0974AU 30/06/2009 4.23% - - - 95.77% - - - - -

30/06/2008 5.28% - - - 94.72% - - - - -

AMP Capital Global Technology Fund Class A Units

AMP0365AU 30/06/2009 0.53% - - - - - 99.47% - - -

30/06/2008 2.57% - - - - - 97.43% - - -

AMP Capital Listed Property Trust Fund - Class A

AMP0255AU 30/06/2009 2.08% - - - 97.84% - - - - 0.08%

30/06/2008 2.23% - - - 89.96% - - - - 7.81%

AMP Capital Listed Property Trusts Ordinary Units

AMP0269AU 30/06/2009 2.08% - - - 97.84% - - - - 0.08%

30/06/2008 2.23% - - - 89.96% - - - - 7.81%

AMP Capital Responsible Investment Balanced Fund - Class A

AMP0452AU 30/06/2009 6.48% 16.81% 4.51% - 12.21% 38.64% 21.35% - - -

30/06/2008 4.87% 18.81% 5.52% - 11.39% 37.54% 21.88% - - -

AMP Capital Responsible Investment Leaders International Share Fund - Class A

AMP0455AU 30/06/2009 6.03% - - - - - 93.97% - - -

30/06/2008 4.40% - - - - - 95.60% - - -

AMP Capital Small Companies Fund - Class A

AMP0446AU 30/06/2009 1.41% - - - - 98.59% - - - -

30/06/2008 2.75% - - - - 96.23% - - - 1.01%

AMP Capital Structured High Yield Fund - Class A

AMP1014AU 30/06/2009 - 24.42% 75.58% - - - - - - -

30/06/2008 - 27.08% 72.92% - - - - - - -

AMP Capital Structured High Yield Fund - Ord Class

WID2 30/06/2009 - 24.42% 75.58% - - - - - - -

30/06/2008 - 27.08% 72.92% - - - - - - -

AMP Capital Sustainable Future Australian Share Fund - Class A

AMP0449AU 30/06/2009 0.46% - - - - 99.54% - - - -

30/06/2008 1.37% - - - - 98.63% - - - -

Asset allocation as at 30 June 2009 continued

21


Australian fixed

interest (%)

International fixed

interest (%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)


(%)


(%)

Absolute Return

(%)

Other (%)

AMP Capital Wholesale Australian Share Fund - Class A

AMP0258AU 30/06/2009 3.15% - - - - 96.85% - - - -

30/06/2008 2.54% - - - - 97.46% - - - -

AMP International Bond Fund - Class A

AMP0254AU 30/06/2009 1.99% - 98.01% - - - - - - -

30/06/2008 0.08% - 99.92% - - - - - - -

Antares Lodestar Absolute Return Trust

ANT0001AU 30/06/2009 25.19% - - - 1.70% 61.85% - - - 11.26%

30/06/2008 29.80% - - - -0.93% 74.19% - - - -3.06%

APN AREIT Fund APN0008AU 30/06/2009 9.96% - - - 90.04% - - - - -

30/06/2008 N/A n/a n/a n/a n/a n/a n/a n/a n/a n/a

APN Direct Property Fund APN0005AU 30/06/2009 16.12% - - - 10.43% - - 73.45% - -

30/06/2008 1.36% - - - 16.18% - - 82.46% - -

APN Diversified Property Fund APN0006AU 30/06/2009 0.67% - - - 20.56% - - 78.77% - -

30/06/2008 1.30% - - - 38.83% - - 59.87% - -

APN International Property for Income Fund

APN0003AU 30/06/2009 3.60% - - - 69.30% - - 27.10% - -

30/06/2008 2.80% - - - 82.20% - - 15.00% - -

APN National Storage Property Trust

APN0002AU 30/06/2009 - - - - - - - 100.00% - -

30/06/2008 - - - - - - - 100.00% - -

APN Property For Income Fund APN0001AU 30/06/2009 2.71% - - - 63.33% - - 33.96% - -

30/06/2008 3.35% - - - 69.94% - - 26.71% - -

APN Property For Income Fund No. 2

APN0004AU 30/06/2009 1.97% - - - 65.54% - - 32.49% - -

30/06/2008 4.61% - - - 72.40% - - 22.99% - -

Armytage Enhanced Leaders Fund

ETL0148AU 30/06/2009 11.29% - - - - 88.71% - - - -

30/06/2008 17.52% - - - - 82.48% - - - -

Arrowstreet Emerging Markets Fund

MAQ0477AU 30/06/2009 1.20% - - - - - 98.80% - - -

30/06/2008 1.92% - - - - - 98.08% - - -

Arrowstreet Global Equity Fund MAQ0464AU 30/06/2009 0.80% - - - - - 99.20% - - -

30/06/2008 6.37% - - - - - 93.63% - - -

Arrowstreet Global Equity Fund (Hedged)

MAQ0079AU 30/06/2009 0.80% - - - - - 99.20% - - -

30/06/2008 6.37% - - - - - 93.63% - - -

Artefact Global Fund 1 PER0362AU 30/06/2009 7.00% - - - - - 93.00% - - -

30/06/2008 74.00% - - - - - 26.00% - - -


30/06/2008 74.00% - - - - - 26.00% - - -


30/06/2008 74.00% - - - - - 26.00% - - -


30/06/2008 74.00% - - - - - 26.00% - - -

Aspen Parks Wholesale Property Fund

APZ0003AU 30/06/2009 - - - - - - - 100.00% - -


Augustus Absolute Return Fund (AU)

AFM0002AU 30/06/2009 - - 75.28% 0.59% - - - - 24.13% -

30/06/2008 - - 32.15% 9.50% - - - - 58.35% -

Ausbil Australian Geared Equity Fund

AAP0002AU 30/06/2009 0.50% - - - - 99.50% - - - -

30/06/2008 2.29% - - - - 97.71% - - - -

Ausbil Investment Trust – Australian Active Equity Fund

AAP0103AU 30/06/2009 0.50% - - - - 99.50% - - - -

30/06/2008 2.29% - - - - 97.71% - - - -

Ausbil Investment Trust –Australian Emerging Leaders Fund

AAP0104AU 30/06/2009 1.40% - - - - 98.60% - - - -

30/06/2008 2.51% - - - - 97.49% - - - -

Australian Ethical Equities Trust

AUG0002AU 30/06/2009 7.60% - - - - 73.90% 17.40% - - 1.10%

30/06/2008 9.54% - - - - 62.93% 26.35% - - 1.18%

Australian Ethical Large Co Share Trust

AUG0004AU 30/06/2009 4.50% - - - - 61.70% 33.50% - - 0.30%

30/06/2008 5.02% - - - - 61.01% 33.97% - - -

Australian Unity Investments Vianova Core Plus Trust - Wholesale Units

AUS0033AU 30/06/2009 0.51% 88.83% 10.66% - - - - - - -

30/06/2008 1.59% 83.07% 15.34% - - - - - - -

Australian Unity Investments Vianova Strategic Fixed Interest Trust - Wholesale Units

AUS0009AU 30/06/2009 27.41% 72.59% - - - - - - - -

30/06/2008 72.08% 27.92% - - - - - - - -

Australian Unity Platypus Australian Equities Trust - Wholesale Units

AUS0030AU 30/06/2009 1.62% - - - - 98.38% - - - -

30/06/2008 9.62% - - - - 90.38% - - - -

Australian Unity Wholesale High Yield Mortgage Trust

AUS0005AU 30/06/2009 13.47% - - 86.53% - - - - - -

30/06/2008 10.07% - - 89.93% - - - - - -

Australian Unity Wholesale Mortgage Income Trust

AUS0116AU 30/06/2009 16.38% - - 83.62% - - - - - -

30/06/2008 18.85% - - 81.15% - - - - - -

22


Australian fixed

interest (%)

International fixed

interest (%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)


(%)


(%)

Absolute Return

(%)

Other (%)

Australian Unity Wholesale Property Income Fund

YOC0100AU 30/06/2009 1.23% - - - 24.38% - - 74.39% - -

30/06/2008 4.12% - - - 42.15% - - 53.73% - -

Aviva Investors Australian Shares Fund

PPL0104AU 30/06/2009 2.31% - - - - 97.69% - - - -

30/06/2008 5.39% - - - - 94.61% - - - -

Aviva Investors Dividend Builder

PPL0002AU 30/06/2009 3.85% - - - - 96.15% - - - -

30/06/2008 3.77% - - - - 96.23% - - - -

Aviva Investors Elite Opportunities Fund

PPL0115AU 30/06/2009 0.50% - - - - 99.50% - - - -

30/06/2008 6.68% - - - - 93.32% - - - -

Aviva Investors High Growth Shares Fund

PPL0106AU 30/06/2009 0.62% - - - - 99.38% - - - -

30/06/2008 6.40% - - - - 93.60% - - - -

Aviva Investors Income Plus Growth Fund

PPL0103AU 30/06/2009 6.85% 31.66% - - - 39.28% - - - 22.21%

30/06/2008 1.42% 35.47% - - - 37.59% - - - 25.52%

Aviva Investors Listed Property Fund

NFS0209AU 30/06/2009 1.13% - - - 98.87% - - - - -

30/06/2008 7.66% - - - 92.34% - - - - -

Aviva Investors Premier Fixed Income Fund

PPL0114AU 30/06/2009 0.04% 73.67% 16.04% - - - - - - 10.25%

30/06/2008 0.84% 55.05% 24.83% - - - - - - 19.28%

Aviva Investors Small Companies Fund

PPL0107AU 30/06/2009 2.06% - - - - 97.94% - - - -

30/06/2008 11.71% - - - - 88.29% - - - -

AXA - Australian Income Fund NML0010AU 30/06/2009 22.35% 13.37% - 64.28% - - - - - -

30/06/2008 24.62% 31.92% - 43.46% - - - - - -

AXA - Wholesale Australian Equity - Industrial Fund

NML0143AU 30/06/2009 1.43% - - - - 95.05% - - - 3.52%

30/06/2008 2.79% - - - - 97.21% - - - -

AXA - Wholesale Australian Equity - Value Fund

NML0061AU 30/06/2009 0.84% - - - - 99.04% - - - 0.12%

30/06/2008 0.58% - - - - 99.42% - - - -

AXA - Wholesale Global Equity - Core Fund

NMF0002AU 30/06/2009 1.41% - - - - 0.24% 97.83% - - 0.52%

30/06/2008 2.08% - - - - - 97.92% - - -

AXA - Wholesale Global Equity - Growth Fund

NML0318AU 30/06/2009 2.89% - - - - - 97.11% - - -

30/06/2008 2.47% - - - - - 97.53% - - -

AXA - Wholesale Global Equity - Value Fund

NML0348AU 30/06/2009 1.05% - - - - - 98.95% - - -

30/06/2008 1.30% - - - - - 97.61% - - 1.09%

AXA Wholesale Australian Income Fund

NML0257AU 30/06/2009 29.03% 25.71% - 45.26% - - - - - -

30/06/2008 24.62% 31.92% - 43.46% - - - - - -

AXA Wholesale Australian Monthly Income Fund

NML0316AU 30/06/2009 22.35% 13.37% - 64.28% - - - - - -

30/06/2008 19.58% 15.61% - 64.81% - - - - - -

AXA Wholesale Australian Property Fund

NML0001AU 30/06/2009 9.39% - - - - 2.41% - 88.20% - -

30/06/2008 11.06% - - - - 7.62% - 80.79% - 0.53%

Baker Steel Gold Fund SLT0006AU 30/06/2009 3.00% - - - - 26.00% 71.00% - - -

30/06/2008 1.00% - - - - 19.00% 80.00% - - -

Barclays Australian Fixed Interest Index Fund

BGL0105AU 30/06/2009 - 100.00% - - - - - - - -

30/06/2008 - 100.00% - - - - - - - -

Barclays Global Investments Prop Sec Index Fund

BGL0108AU 30/06/2009 - - - - 100.00% - - - - -

30/06/2008 - - - - 100.00% - - - - -

Barclays Global Markets Fund BGL0045AU 30/06/2009 - - - - - - - - 100.00% -

30/06/2008 - - - - - - - - 100.00% -

Barclays International Equity Index Fund

BGL0106AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 - - - - - - 100.00% - - -

Barclays International Share Fund

BAR0817AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 - - - - - - 100.00% - - -

Barclays International Share Fund (Hedged)

BGL0109AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 - - - - - - 100.00% - - -

Barclays Managed Investment Funds - Australian Equity Index Fund

BGL0034AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 - - - - - 100.00% - - - -

Barclays Managed Investment Funds – Australian Share Fund

BAR0814AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 - - - - - 100.00% - - - -

Barclays Managed Investment Funds – Diversified Growth Fund

BAR0813AU 30/06/2009 2.66% 13.68% 4.93% - 4.89% 33.88% 27.10% - 5.11% 7.76%

30/06/2008 3.47% 13.52% 5.13% - 4.67% 32.65% 27.14% - 5.00% 8.43%

Barclays Managed Investment Funds – Diversified Stable Fund

BAR0811AU 30/06/2009 23.57% 29.47% 9.82% - 4.92% 14.02% 7.77% - 2.60% 7.83%

30/06/2008 22.66% 29.67% 10.17% - 4.79% 13.77% 7.95% - 2.56% 8.44%

Basis Aust-Rim Diversified Fund

BCF0100AU 30/06/2009 92.56% - - - - - - - - 7.44%

30/06/2008 52.64% - - - - - - - - 47.36%

Basis Yield Fund BCF0001AU 30/06/2009 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a



23


Australian fixed

interest (%)

International fixed

interest (%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)


(%)


(%)

Absolute Return

(%)

Other (%)

Becton Diversified Property Fund

BEC0001AU 30/06/2009 6.50% - - - 0.10% - - 93.40% - -

30/06/2008 6.30% - - - 1.70% - - 88.40% - 3.60%

BlackRock Asset Allocation Alpha Fund - Class D

MAL0030AU 30/06/2009 - - - - - - - - - 100.00%

30/06/2008 - - - - - - - - - 100.00%

BlackRock Australian Quant Strategies Fund - D Class

MAL0013AU 30/06/2009 0.43% - - - - 99.57% - - - -

30/06/2008 0.34% - - - - 99.66% - - - -

BlackRock Combined Property Income Fund (Aust) - Class D Units

MAL0008AU 30/06/2009 2.10% - - - 26.10% - - 71.80% - -

30/06/2008 3.78% - - - 34.52% - - 61.70% - -

BlackRock Diversified Credit Fund - Class D

MAL0011AU 30/06/2009 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2008 8.48% 54.35% 37.17% - - - - - - -

BlackRock Global Allocation Fund (Aust) - Class D

MAL0018AU 30/06/2009 17.33% 0.16% 30.12% - - 0.33% 52.06% - - -

30/06/2008 10.36% 0.55% 34.87% - - 0.76% 53.46% - - -

BlackRock Global High Conviction Fund - Hedged (Class D)

MAL0136AU 30/06/2009 1.39% - - - - - 98.61% - - -

30/06/2008 6.24% - - - - - 93.76% - - -

BlackRock Global High Conviction Fund - Unhedged (Class D)

MAL0134AU 30/06/2009 1.39% - - - - - 98.61% - - -

30/06/2008 6.24% - - - - - 93.76% - - -

BlackRock Global Small Cap Fund - Class D

MAL0133AU 30/06/2009 5.67% - - - - 0.21% 94.12% - - -

30/06/2008 8.25% - - - - 0.89% 90.86% - - -

BlackRock Hedged Global Small Cap Fund - Class D

MAL0135AU 30/06/2009 5.67% - - - - 0.21% 94.12% - - -

30/06/2008 8.25% - - - - 0.89% 90.86% - - -

BlackRock Monthly Income Fund - Class D

MAL0012AU 30/06/2009 11.14% 23.67% 65.19% - - - - - - -

30/06/2008 9.08% 21.72% 69.20% - - - - - - -

BlackRock Property Securities Fund (Aust) – Class D

MAL0151AU 30/06/2009 2.60% - - - 97.40% - - - - -

30/06/2008 4.07% - - - 95.93% - - - - -

BlackRock Wholesale Australian Share Fund

PWA0823AU 30/06/2009 1.14% - - - - 5.45% 93.41% - - -

30/06/2008 1.42% - - - - 0.10% 98.48% - - -

BlackRock Wholesale Balanced Fund

PWA0822AU 30/06/2009 8.00% 15.00% 6.00% - 6.00% 38.00% 26.00% 1.00% - -

30/06/2008 8.79% 15.76% 6.10% - 5.00% 37.35% 26.20% 0.80% - -

BlackRock Wholesale Global High Conviction Fund

PWA0824AU 30/06/2009 1.39% - - - - - 98.61% - - -

30/06/2008 6.24% - - - - - 93.76% - - -

BlackRock Wholesale Managed Income Fund

PWA0821AU 30/06/2009 4.51% 71.62% - - 5.03% 13.11% - 5.73% - -

30/06/2008 9.62% 67.65% - - - 17.86% - 4.87% - -

BT Global Return Fund RFA0028AU 30/06/2009 - - - - - - - - 100.00% -

30/06/2008 - - - - - - - - 100.00% -

BT Wholesale Active Balanced Fund

RFA0815AU 30/06/2009 3.83% 18.71% 6.80% - 4.35% 32.20% 20.35% 2.96% 10.80% -

30/06/2008 4.99% 16.95% 4.47% - 4.98% 35.88% 21.33% 2.94% 8.46% -

BT Wholesale Asian Share Fund

BTA0054AU 30/06/2009 0.05% - - - - - 99.95% - - -

30/06/2008 0.05% - - - - - 99.95% - - -

BT Wholesale Australian Share Fund

BTA0055AU 30/06/2009 2.86% - - - - 97.14% - - - -

30/06/2008 7.93% - - - - 92.07% - - - -

BT Wholesale Balanced Returns Fund

BTA0806AU 30/06/2009 10.68% 19.28% 6.81% - 3.46% 27.67% 19.13% 3.08% 9.89% -

30/06/2008 19.04% 17.02% 4.48% - 4.00% 30.93% 19.44% 2.95% 2.14% -

BT Wholesale Conservative Outlook Fund

BTA0805AU 30/06/2009 16.53% 35.40% 15.12% - 2.51% 12.44% 8.50% 2.06% 7.44% -

30/06/2008 18.51% 33.83% 13.21% - 3.04% 13.78% 9.33% 1.96% 6.34% -

BT Wholesale Core Australian Share Fund

RFA0818AU 30/06/2009 2.71% - - - - 97.29% - - - -

30/06/2008 8.01% - - - - 91.99% - - - -

BT Wholesale Core Global Share Fund

RFA0821AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 - - - - - - 100.00% - - -

BT Wholesale Ethical Share Fund

RFA0025AU 30/06/2009 3.45% - - - - 96.55% - - - -

30/06/2008 4.08% - - - - 95.92% - - - -

BT Wholesale European Share Fund

BTA0124AU 30/06/2009 0.08% - - - - - 99.92% - - -

30/06/2008 0.09% - - - - - 99.91% - - -

BT Wholesale Fixed Interest Fund

RFA0813AU 30/06/2009 - 100.00% - - - - - - - -

30/06/2008 - 100.00% - - - - - - - -

BT Wholesale Focus Australian Share Fund

RFA0059AU 30/06/2009 2.72% - - - - 97.28% - - - -

30/06/2008 5.20% - - - - 94.80% - - - -

BT Wholesale Future Goals Fund

BTA0125AU 30/06/2009 4.72% 10.11% 3.97% - 4.85% 39.01% 24.69% 3.03% 9.62% -

30/06/2008 4.01% 7.94% 1.34% - 5.12% 43.19% 26.95% 2.89% 8.56% -

BT Wholesale Imputation Fund RFA0103AU 30/06/2009 2.41% - - - 4.16% 93.43% - - - -

30/06/2008 3.53% - - - 3.22% 93.25% - - - -

BT Wholesale International Share Fund

BTA0056AU 30/06/2009 0.05% - - - - - 99.95% - - -

30/06/2008 0.07% - - - - - 99.93% - - -

24


Australian fixed

interest (%)

International fixed

interest (%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)


(%)


(%)

Absolute Return

(%)

Other (%)

BT Wholesale Property Investment Fund

RFA0817AU 30/06/2009 3.89% - - - 96.11% - - - - -

30/06/2008 3.94% - - - 96.06% - - - - -

BT Wholesale Property Securities Fund

BTA0061AU 30/06/2009 - - - - 100.00% - - - - -

30/06/2008 - - - - 100.00% - - - - -

BT Wholesale Smaller Companies Fund

RFA0819AU 30/06/2009 5.43% - - - - 94.57% - - - -

30/06/2008 5.71% - - - - 94.29% - - - -

BT Wholesale Tax Effective Income Fund

RFA0102AU 30/06/2009 19.94% 21.75% - - 17.45% 40.86% - - - -

30/06/2008 25.91% 20.58% - - 14.79% 38.72% - - - -

BT Wholesale Technology Fund BTA0158AU 30/06/2009 0.03% - - - - - 99.97% - - -

30/06/2008 0.07% - - - - - 99.93% - - -

BT Wholesale Value Global Share Fund

RFA0109AU 30/06/2009 2.53% - - - - - 97.47% - - -

30/06/2008 4.41% - - - - - 95.59% - - -

Centro Direct Property Fund MCS0011AU 30/06/2009 0.38% - - - 0.43% - - 97.83% - 1.37%

30/06/2008 0.25% - - - 1.24% - - 98.20% - 0.31%

Centro Direct Property Fund International

MCS0001AU 30/06/2009 0.18% - - - 0.43% - - 97.66% - 1.73%

30/06/2008 0.10% - - - 0.61% - - 98.86% - 0.43%

Challenger Global Infrastructure Fund

HOW0031AU 30/06/2009 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2008 3.41% - - - - - - - - 96.59%

Challenger Howard Wholesale Mortgage Trust

HOW0005AU 30/06/2009 17.80% - - 82.20% - - - - - -

30/06/2008 7.90% - - 92.10% - - - - - -

Challenger Wholesale Asian Share Fund

HBC0010AU 30/06/2009 3.68% - - - - - 96.32% - - -

30/06/2008 5.53% - - - - - 94.47% - - -

Challenger Wholesale Australian Share Fund

PAM0001AU 30/06/2009 2.10% - - - - 97.90% - - - -

30/06/2008 1.38% - - - - 98.62% - - - -

Challenger Wholesale Australian Share Income Fund

HBC0011AU 30/06/2009 25.66% - - - - 74.34% - - - -

30/06/2008 18.26% - - - - 81.74% - - - -

Challenger Wholesale High Yield Fund

HOW0141AU 30/06/2009 12.55% 80.59% 6.86% - - - - - - -

30/06/2008 14.11% 83.27% 2.62% - - - - - - -

Challenger Wholesale Hybrid Property Fund

HBC0013AU 30/06/2009 8.75% - - - 21.96% - - 69.29% - -

30/06/2008 11.70% - - - 36.42% - - 72.42% - -20.54%

Challenger Wholesale Microcap Fund

HOW0027AU 30/06/2009 17.38% - - - - 82.62% - - - -

30/06/2008 18.37% - - - - 81.63% - - - -

Challenger Wholesale Property Securities Fund

HBC0008AU 30/06/2009 2.13% - - - 97.87% - - - - -

30/06/2008 9.20% - - - 90.80% - - - - -

Challenger Wholesale Select Australian Share Fund

HOW0026AU 30/06/2009 1.36% - - - - 98.64% - - - -

30/06/2008 4.73% - - - - 95.27% - - - -

Challenger Wholesale Smaller Companies Fund

HOW0016AU 30/06/2009 9.02% - - - - 90.98% - - - -

30/06/2008 15.33% - - - - 84.67% - - - -

Challenger Wholesale Socially Responsive Share Fund

HOW0121AU 30/06/2009 5.55% - - - - 94.45% - - - -

30/06/2008 2.94% - - - - 97.06% - - - -

Charter Hall Diversified Property Fund

CHF0001AU 30/06/2009 - - - - - - - 100.00% - -

30/06/2008 - - - - - - - 100.00% - -

Chifley Investment Fund - Australian Equities

CFS0003AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 - - - - - 100.00% - - - -

Chifley Investment Fund - Australian Fixed Income (Sovereign)

CFS0005AU 30/06/2009 - 100.00% - - - - - - - -

30/06/2008 - 100.00% - - - - - - - -

Chifley Investment Fund - International Equities

CFS0008AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 - - - - - - 100.00% - - -

Chifley Investment Fund - International Fixed Income (Credit)

CFS0010AU 30/06/2009 - - 100.00% - - - - - - -

30/06/2008 - - 100.00% - - - - - - -

Colonial First State 452 Wholesale Australian Share Fund

FSF0079AU 30/06/2009 9.14% - - - - 90.86% - - - -

30/06/2008 5.68% - - - - 94.32% - - - -

Colonial First State Acadian Global Equity Fund

FSF0710AU 30/06/2009 1.56% - - - - - 98.44% - - -

30/06/2008 1.97% - - - - - 98.03% - - -

Colonial First State Bricks & Mortar Fund

CML0002AU 30/06/2009 - 38.42% - 61.58% - - - - - -

30/06/2008 - 31.84% - 68.16% - - - - - -

Colonial First State Colliers International Property Securities

FSF0454AU 30/06/2009 5.03% - - - 94.97% - - - - -

30/06/2008 4.64% - - - 95.36% - - - - -

Colonial First State Global Resources Long Short Fund

FSF0698AU 30/06/2009 53.59% - - - - - 46.41% - - -

30/06/2008 39.99% - - - - - 60.01% - - -


25


Australian fixed

interest (%)

International fixed

interest (%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)


(%)


(%)

Absolute Return

(%)

Other (%)

Colonial First State PM Capital Australian Share Fund

FSF0455AU 30/06/2009 4.95% - - - - 95.05% - - - -

30/06/2008 1.59% - - - - 98.41% - - - -

Colonial First State Wholesale Australian Bond Fund

FSF0027AU 30/06/2009 1.20% 98.80% - - - - - - - -

30/06/2008 0.36% 99.64% - - - - - - - -

Colonial First State Wholesale Australian Corporate Debt Fund

FSF0149AU 30/06/2009 0.00% 100.00% - - - - - - - -

30/06/2008 9.62% 90.38% - - - - - - - -

Colonial First State Wholesale Australian Share Fund

FSF0002AU 30/06/2009 3.10% - - - - 96.90% - - - -

30/06/2008 3.40% - - - - 96.60% - - - -

Colonial First State Wholesale Australian Share Fund - Core

CFM0404AU 30/06/2009 1.69% - - - - 98.31% - - - -

30/06/2008 2.99% - - - - 97.01% - - - -

Colonial First State Wholesale Balanced Fund

FSF0040AU 30/06/2009 16.46% 17.50% 17.23% - 4.72% 24.88% 19.22% - - -

30/06/2008 2.30% 50.64% - - 4.04% 23.65% 19.36% - - -

Colonial First State Wholesale Conservative Fund

FSF0033AU 30/06/2009 7.43% 46.92% 16.92% 0.00% 2.55% 16.81% 9.37% - - -

30/06/2008 1.57% 53.48% 16.76% 0.00% 2.38% 16.52% 9.30% - - -

Colonial First State Wholesale Diversified Fund

FSF0008AU 30/06/2009 6.68% 12.71% 12.52% - 6.41% 35.18% 26.50% - - -

30/06/2008 8.25% 13.25% 11.40% - 5.97% 33.05% 28.08% - - -

Colonial First State Wholesale Geared Global Share Fund

FSF0170AU 30/06/2009 3.01% - - - - - 96.99% - - -

30/06/2008 3.59% - - - - - 96.41% - - -

Colonial First State Wholesale Geared Share Fund

FSF0043AU 30/06/2009 8.95% - - - - 91.05% - - - -

30/06/2008 8.31% - - - - 91.69% - - - -

Colonial First State Wholesale Global Credit Income

FSF0084AU 30/06/2009 - 23.65% 76.35% - - - - - - -

30/06/2008 - 37.08% 62.92% - - - - - - -

Colonial First State Wholesale Global Resources Fund

FSF0038AU 30/06/2009 2.14% - - - - - 97.86% - - -

30/06/2008 3.01% - - - - - 96.99% - - -

Colonial First State Wholesale Global Share Fund

FSF0047AU 30/06/2009 2.42% - - - - - 97.58% - - -

30/06/2008 2.13% - - - - - 97.87% - - -

Colonial First State Wholesale High Growth Fund

FSF0498AU 30/06/2009 3.07% - - - - 49.78% 47.15% - - -

30/06/2008 3.36% - - - - 48.04% 48.61% - - -

Colonial First State Wholesale Income Fund

FSF0139AU 30/06/2009 5.58% 23.94% 21.56% 48.92% - - - - - -

30/06/2008 4.12% 28.62% 17.32% 49.94% - - - - - -

Colonial First State Wholesale Index Property Securities Fund

CMI0105AU 30/06/2009 0.99% - - - 99.01% - - - - -

30/06/2008 1.12% - - - 98.88% - - - - -

Colonial First State Wholesale Property Securities Fund

FSF0004AU 30/06/2009 3.09% - - - 96.91% - - - - -

30/06/2008 3.31% - - - 96.69% - - - - -

Colonial First State Wholesale Small Companies Fund - Core

CMI0111AU 30/06/2009 2.84% - - - - 97.16% - - - -

30/06/2008 2.60% - - - - 97.40% - - - -

Colonial Global Health & Biotechnology Fund

FSF0146AU 30/06/2009 4.17% - - - - - 95.83% - - -

30/06/2008 2.97% - - - - - 97.03% - - -

Colonial Global Technology & Communications Fund

FSF0143AU 30/06/2009 2.52% - - - - - 97.48% - - -

30/06/2008 4.84% - - - - - 95.16% - - -

Concord Australian Equity Fund

MAQ0424AU 30/06/2009 2.50% - - - - 97.50% - - - -

30/06/2008 0.80% - - - - 99.20% - - - -

CORALS Commodities Fund AFM0004AU 30/06/2009 - - - - - - - - - 100.00%


Credit Suisse Global Income Fund

CSA0038AU 30/06/2009 9.30% 1.70% 89.00% - - - - - - -

30/06/2008 3.50% 3.60% 92.90% - - - - - - -

Credit Suisse Property Fund CRS0007AU 30/06/2009 4.40% - - - 95.60% - - - - -

30/06/2008 3.20% - - - 96.80% - - - - -

Credit Suisse Syndicated Loan Fund

CSA0046AU 30/06/2009 12.20% - - - 87.80% - - - - -

30/06/2008 17.61% - - - 82.39% - - - - -

Cromwell Property Fund CRM0005AU 30/06/2009 1.26% - - - - - - 98.07% - 0.68%

30/06/2008 1.65% - - - - - - 97.05% - 1.31%

Custom Choice Wholesale Boutique Australian Share Portfolio

HOW0019AU 30/06/2009 4.13% - - - - 95.87% - - - -

30/06/2008 1.95% - - - - 98.05% - - - -

DDH Australian Equities Fund DDH0003AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 - - - - - 100.00% - - - -

DDH Global Fixed Interest Alpha Fund

DDH0007AU 30/06/2009 - - - - - - - - 100.00% -

30/06/2008 - - - - - - - - 100.00% -

Dimensional Australian Core Equity Fund

DFA0003AU 30/06/2009 0.73% - - - 5.43% 93.84% - - - -

30/06/2008 1.57% - - - 6.21% 92.22% - - - -

Dimensional Australian Large Company Trust

DFA0103AU 30/06/2009 0.12% - - - 5.97% 93.91% - - - -

30/06/2008 0.66% - - - 6.27% 93.07% - - - -

26


Australian fixed

interest (%)

International fixed

interest (%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)


(%)


(%)

Absolute Return

(%)

Other (%)

Dimensional Australian Small Company Trust

DFA0104AU 30/06/2009 0.23% - - - 0.58% 99.19% - - - -

30/06/2008 0.95% - - - 0.34% 98.71% - - - -

Dimensional Australian Value Trust

DFA0101AU 30/06/2009 - - - - 0.67% 99.33% - - - -

30/06/2008 0.65% - - - 1.52% 97.83% - - - -

Dimensional Emerging Markets Trust

DFA0107AU 30/06/2009 0.60% - - - - - 99.40% - - -

30/06/2008 4.56% - - - - - 95.44% - - -

Dimensional Five-Year Diversified Fixed Interest Trust

DFA0108AU 30/06/2009 15.23% 19.15% 65.62% - - - - - - -

30/06/2008 41.92% 10.27% 47.81% - - - - - - -

Dimensional Global Core Equity - AUD Hedged

DFA0009AU 30/06/2009 0.57% - - - - - 99.43% - - -


Dimensional Global Core Equity Unhedged

DFA0004AU 30/06/2009 0.57% - - - - - 99.43% - - -

30/06/2008 1.11% - - - - 0.02% 98.87% - - -

Dimensional Global Large Company Trust

DFA0105AU 30/06/2009 0.27% - - - - - 99.73% - - -

30/06/2008 0.40% - - - - 3.06% 96.54% - - -

Dimensional Global Real Estate Trust

DFA0005AU 30/06/2009 0.44% - - - 99.56% - - - - -

30/06/2008 3.83% - - - 96.17% - - - - -

Dimensional Global Small Company Trust

DFA0106AU 30/06/2009 0.35% - - - - - 99.65% - - -

30/06/2008 4.16% - - - - 3.76% 92.09% - - -

Dimensional Global Value Trust DFA0102AU 30/06/2009 0.50% - - - - - 99.50% - - -

30/06/2008 3.29% - - - - 3.12% 93.59% - - -

Dimensional Short Term Fixed Interest Trust

DFA0100AU 30/06/2009 60.44% 39.56% - - - - - - - -

30/06/2008 73.07% 26.93% - - - - - - - -

Dimensional Strategic Australian Equity Trust

DFA0008AU 30/06/2009 1.06% - - - 1.13% 97.81% - - - -


Dimensional Strategic Global Property Trust

DFA0006AU 30/06/2009 1.52% - - - 98.48% - - - - -


Dimensional Strategic International Equity Trust

DFA0007AU 30/06/2009 1.67% - - - - - 98.33% - - -


Dimensional Two-Year Diversified Fixed Interest Trust

DFA0002AU 30/06/2009 36.56% 18.11% 45.33% - - - - - - -

30/06/2008 50.11% 19.76% 30.12% - - - - - - -

Donaldson Burston - THS Partners Global Equity Fund

ETL0096AU 30/06/2009 12.58% - - - - - 87.42% - - -

30/06/2008 16.61% - - - - - 83.39% - - -

DWS Global Equity Agribusiness Fund

MGL0019AU 30/06/2009 3.31% - - - - - 96.69% - - -

30/06/2008 4.22% - - - - - 95.78% - - -

DWS Global Equity Thematic Fund (unhedged)

MGL0004AU 30/06/2009 1.35% - - - - - 98.65% - - -

30/06/2008 3.86% - - - - - 96.14% - - -

DWS Global Equity Thematic Fund Fully Hedged

MGL0018AU 30/06/2009 1.35% - - - - - 98.65% - - -

30/06/2008 3.86% - - - - - 96.14% - - -

DWS Strategic Value Fund DEU0109AU 30/06/2009 40.69% - - - - - - - - 59.31%

30/06/2008 4.00% - - - - - - - - 96.00%

EII Global Property Fund MAQ0463AU 30/06/2009 7.10% - - - - - 92.90% - - -

30/06/2008 - - - - - - 100.00% - - -

Eley Griffiths Small Group Companies Fund

EGG0001AU 30/06/2009 5.85% - - - - 94.15% - - - -

30/06/2008 9.45% - - - - 90.55% - - - -

EQT Intrinsic Value International Sharemarkets Fund

MMC0110AU 30/06/2009 3.27% - - - - - 96.73% - - -

30/06/2008 0.98% - - - - - 99.02% - - -

EQT Intrinsic Value International Sharemarkets Plus Fund

ETL0057AU 30/06/2009 8.34% - - - - - 91.66% - - -

30/06/2008 44.75% - - - - - 55.25% - - -

EQT PIMCO Wholesale Diversified Fixed Interest Fund

ETL0016AU 30/06/2009 - 43.30% 56.70% - - - - - - -

30/06/2008 - 43.77% 56.23% - - - - - - -

EQT PIMCO Wholesale Global Bond Fund

ETL0018AU 30/06/2009 - 2.70% 97.30% - - - - - - -

30/06/2008 - 5.36% 94.64% - - - - - - -

EQT PIMCO Wholesale Global Credit Fund

ETL0019AU 30/06/2009 - 11.50% 88.50% - - - - - - -

30/06/2008 - 8.20% 91.80% - - - - - - -

EQT SGH LaSalle Global Listed Property Securities Trust

ETL0005AU 30/06/2009 1.10% - - - 98.90% - - - - -

30/06/2008 1.28% - - - 98.72% - - - - -

EQT SGH Wholesale Absolute Return Trust

ETL0030AU 30/06/2009 38.42% - - - - 61.58% - - - -

30/06/2008 23.07% - - - - 76.93% - - - -

EQT Wholesale Small Companies Fund

ETL0118AU 30/06/2009 1.61% - - - - 98.39% - - - -

30/06/2008 1.45% - - - - 98.55% - - - -

Fidelity America Fund FID0009AU 30/06/2009 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2008 10.00% - - - - - 90.00% - - -


27


Australian fixed

interest (%)

International fixed

interest (%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)


(%)


(%)

Absolute Return

(%)

Other (%)

Fidelity Australian Equities Fund

FID0008AU 30/06/2009 3.00% - - - - 97.00% - - - -

30/06/2008 1.40% - - - - 98.60% - - - -

Fidelity China Fund FID0011AU 30/06/2009 1.80% - - - - - 98.20% - - -

30/06/2008 5.50% - - - - - 94.50% - - -

Fidelity Global Equities Fund FID0007AU 30/06/2009 2.80% - - - - - 97.20% - - -

30/06/2008 8.20% - - - - - 91.80% - - -

Fidelity India Fund FID0015AU 30/06/2009 2.10% - - - - - 97.90% - - -

30/06/2008 1.30% - - - - - 98.70% - - -

Fidelity Japan Fund FID0004AU 30/06/2009 0.90% - - - - - 99.10% - - -

30/06/2008 - - - - - - 100.00% - - -

Fiducian India Fund FPS0013AU 30/06/2009 1.80% - - - - - 98.20% - - -

30/06/2008 9.70% - - - - - 90.30% - - -

Five Oceans Wholesale World Fund

HOW0032AU 30/06/2009 20.95% - - - - 1.14% 77.91% - - -

30/06/2008 60.94% - - - - 2.64% 36.42% - - -

Fortis Investments Australian Equity Fund

ARO0011AU 30/06/2009 3.10% - - - 1.10% 95.80% - - - -

30/06/2008 1.30% - - - 4.42% 94.28% - - - -

Fortis Investments Concentrated Australian Equity Fund

ARO0015AU 30/06/2009 3.03% - - - - 96.97 - - - -

30/06/2008 2.23% - - - - 97.77 - - - -

Fortis Investments Global Equity Fund

ARO0006AU 30/06/2009 3.14% - - - - - 96.86% - - -

30/06/2008 2.82% - - - - - 97.18% - - -

Fortis Investments High Income Global Property Securities Fund

ARO0014AU 30/06/2009 14.74% - - - 85.26% - - - - -

30/06/2008 4.66% - - - 95.34% - - - - -

Generation Global Sustainability Fund

FSF0908AU 30/06/2009 7.05% - - - - - 92.95% - - -

30/06/2008 4.51% - - - - - 95.49% - - -

GMO Australian Equity Trust GMO0100AU 30/06/2009 1.56% - - - - 98.44% - - - -

30/06/2008 1.57% - - - - 98.43% - - - -

GMO Australian Small Companies Trust

GMO0101AU 30/06/2009 1.15% - - - - 98.85% - - - -

30/06/2008 1.56% - - - - 98.44% - - - -

GMO Emerging Markets Fund GMO0102AU 30/06/2009 1.10% - - - - - 98.90% - - -

30/06/2008 2.80% - - - - - 97.20% - - -

GMO Global Equity Trust GMO0103AU 30/06/2009 2.70% - - - - - 97.30% - - -

30/06/2008 1.70% - - - - - 98.30% - - -

GMO Hedged Global Equity Trust

GMO0004AU 30/06/2009 2.70% - - - - - 97.30% - - -

30/06/2008 1.70% - - - - - 98.30% - - -

Goldman Sachs JB Were Emerging Leaders Wholesale Fund

JBW0010AU 30/06/2009 0.81% - - - 3.81% 95.38% - - - -

30/06/2008 0.63% - - - 5.97% 93.40% - - - -

Goldman Sachs JB Were Global Alpha Fund

JBW0025AU 30/06/2009 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a


Goldman Sachs JBWere Australian Equities Wholesale Fund

JBW0009AU 30/06/2009 0.91% - - - 4.22% 94.87% - - - -

30/06/2008 0.72% - - - 0.60% 98.68% - - - -

Goldman Sachs JBWere Australian Infrastructure Fund

JBW0030AU 30/06/2009 5.56% - - - - 94.44% - - - -

30/06/2008 2.22% - - - - 97.78% - - - -

Goldman Sachs JBWere Core Plus Australian Fixed Income Fund

JBW0038AU 30/06/2009 20.28% 73.08% 6.64% - - - - - - -

30/06/2008 23.08% 66.70% 10.22% - - - - - - -

Goldman Sachs JBWere Diversified Growth Wholesale Fund

JBW0017AU 30/06/2009 2.85% 13.94% 12.33% - 5.44% 41.55% 23.89% - - -

30/06/2008 1.91% 16.83% 11.34% - 3.90% 41.98% 24.04% - - -

Goldman Sachs JBWere Emerging Leaders Wholesale Fund

JBW0010AU 30/06/2009 0.81% - - - 3.81% 95.38% - - - -

30/06/2008 0.63% - - - 5.97% 93.40% - - - -

Goldman Sachs JBWere Enhanced Income Wholesale Fund

JBW0018AU 30/06/2009 10.33% 89.67% - - - - - - - -

30/06/2008 6.27% 93.73% - - - - - - - -

Goldman Sachs JBWere Global Flex Fund

JBW0027AU 30/06/2009 0.39% - - - - - 99.61% - - -

30/06/2008 2.87% - - - - - 97.13% - - -

Goldman Sachs JBWere Global Health & Biotech Wholesale Fund

JBW0111AU 30/06/2009 2.44% - - - - - 97.56% - - -

30/06/2008 1.56% - - - - - 98.44% - - -

Goldman Sachs JBWere Global Small Companies Wholesale Fund

JBW0103AU 30/06/2009 1.92% - - - - - 98.08% - - -

30/06/2008 6.52% - - - - - 93.48% - - -

Goldman Sachs JBWere Global Spectrum Fund

JBW0034AU 30/06/2009 - - - - - - - - - 100.00%

30/06/2008 - - - - - - - - - 100.00%

28


Australian fixed

interest (%)

International fixed

interest (%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)


(%)


(%)

Absolute Return

(%)

Other (%)

Goldman Sachs JBWere Hedged Global Flex Fund

JBW0028AU 30/06/2009 0.39% - - - - - 99.61% - - -

30/06/2008 2.87% - - - - - 97.13% - - -

Goldman Sachs JBWere Income Plus Wholesale Fund

JBW0016AU 30/06/2009 25.37% 41.62% 20.58% - 5.60% 6.83% - - - -

30/06/2008 27.12% 42.53% 16.88% - 6.74% 6.73% - - - -

Goldman Sachs JBWere International Wholesale Fund

JBW0014AU 30/06/2009 2.28% - - - - - 97.72% - - -

30/06/2008 2.71% - - - - - 97.29% - - -

Goldman Sachs JBWere International Wholesale Fund (Hedged)

JBW0021AU 30/06/2009 2.28% - - - - - 97.72% - - -

30/06/2008 2.71% - - - - - 97.29% - - -

Goldman Sachs JBWere Leaders Fund

JBW0011AU 30/06/2009 1.00% - - - 4.28% 94.72% - - - -

30/06/2008 0.67% - - - - 99.33% - - - -

Goldman Sachs JBWere Multi-Strategy Fund

JBW0026AU 30/06/2009 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a


Goldman Sachs JBWere Property Securities Wholesale Fund

JBW0108AU 30/06/2009 2.35% - - - 97.65% - - - - -

30/06/2008 3.67% - - - 96.33% - - - - -

Grant Samuel Epoch Global Equity Shareholder Yield (Hedged) Fund

GSF0001AU 30/06/2009 5.79% - - - - - 94.21% - - -

30/06/2008 3.00% - - - - - 97.00% - - -

Grant Samuel Epoch Global Equity Shareholder Yield (Unhedged) Fund

GSF0002AU 30/06/2009 5.79% - - - - - 94.21% - - -

30/06/2008 3.00% - - - - - 97.00% - - -

Greencape Wholesale Broadcap Fund

HOW0034AU 30/06/2009 1.86% - - - - 98.14% - - - -

30/06/2008 -4.38% - - - - 104.38% - - - -

Greencape Wholesale High Conviction Fund

HOW0035AU 30/06/2009 3.72% - - - - 96.28% - - - -

30/06/2008 10.63% - - - - 89.37% - - - -

GVI Global Industrial Share Fund

TGP0004AU 30/06/2009 9.90% - - - - 1.90% 88.20% - - -

30/06/2008 16.50% - - - - - 83.50% - - -

HFA Partners Fund HFL0007AU 30/06/2009 7.06% - 37.22% - - - 55.72% - - -

30/06/2008 21.20% - 31.50% - - - 47.30% - - -

HFA Wholesale Diversified Investment Fund (Hedged)

HFL0104AU 30/06/2009 14.70% - 30.60% - - - 54.70% - - -

30/06/2008 25.90% - 23.50% - - - 50.60% - - -

HFA Wholesale International Shares Fund (Hedged)

HFL0108AU 30/06/2009 20.80% - - - - - 79.20% - - -

30/06/2008 51.70% - - - - - 48.30% - - -

Hunter Hall Australian Value Trust

HHA0001AU 30/06/2009 24.20% - - - - 74.61% 1.19% - - -

30/06/2008 10.40% - - - - 85.82% 3.79% - - -

Hunter Hall Global Ethical Trust HHA0002AU 30/06/2009 23.39% - - - - - 72.40% - - 4.20%

30/06/2008 27.26% - - - - - 72.74% - - -

Hunter Hall Value Growth Trust HOW0002AU 30/06/2009 20.56% - - - - 25.70% 51.23% - - 2.52%

30/06/2008 19.11% - - - - 19.07% 61.82% - - -

Hyperion Australian Growth Companies Fund

BNT0003AU 30/06/2009 0.35% - - - - 99.65% - - - -

30/06/2008 1.51% - - - - 98.49% - - - -

Hyperion Small Growth Companies Fund

BNT0101AU 30/06/2009 1.28% - - - - 98.72% - - - -

30/06/2008 3.05% - - - - 96.95% - - - -

Income Plus Fund BEG0001AU 30/06/2009 2.00% 26.00% - - - - - - - 72.00%

30/06/2008 56.00% - - - - 3.00% - - - 41.00%

ING Blue Chip Imputation Trust MMF0012AU 30/06/2009 0.50% - - - - 99.50% - - - -

30/06/2008 0.20% - - - - 99.80% - - - -

ING Blue Chip Imputation Trust Wholesale

MMF0340AU 30/06/2009 0.50% - - - - 99.50% - - - -

30/06/2008 0.70% - - - - 99.30% - - - -

ING Diversified High Yield Fund MMF0708AU 30/06/2009 17.10% 80.00% 2.90% - - - - - - -

30/06/2008 - 92.60% 7.40% - - - - - - -

ING Resource Opportunities Trust

MMF0064AU 30/06/2009 3.50% - - - - 96.50% - - - -

30/06/2008 0.90% - - - - 99.10% - - - -

ING Tax Effective Income Trust AJF0003AU 30/06/2009 5.20% 29.60% 0.80% - 22.80% 41.60% - - - -

30/06/2008 4.50% 30.90% 0.50% - 22.60% 41.50% - - - -

ING Wholesale Australian Share Trust

AJF0804AU 30/06/2009 0.20% - - - - 99.80% - - - -

30/06/2008 0.50% - - - - 99.50% - - - -

ING Wholesale Balanced Trust AJF0802AU 30/06/2009 11.10% 18.10% 6.10% - 4.00% 38.10% 20.90% - - 1.70%

30/06/2008 18.30% 17.40% 1.10% - 3.10% 37.80% 18.60% - - 3.70%

ING Wholesale Capital Stable Trust

MMF0114AU 30/06/2009 26.50% 34.20% 19.50% - 1.20% 15.60% 2.30% - - 0.70%

30/06/2008 40.80% 35.30% 7.00% - 1.30% 13.20% 1.80% - - 0.60%

ING Wholesale Diversified Fixed Income Fund

ANZ0212AU 30/06/2009 0.40% 26.30% 73.30% - - - - - - -

30/06/2008 - 55.00% 45.00% - - - - - - -

ING Wholesale Emerging Companies Trust

MMF0112AU 30/06/2009 0.80% - - - - 99.20% - - - -

30/06/2008 0.20% - - - - 99.80% - - - -


29


Australian fixed

interest (%)

International fixed

interest (%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)


(%)


(%)

Absolute Return

(%)

Other (%)

ING Wholesale Enhanced Cash Fund

MMF0341AU 30/06/2009 5.10% 94.90% - - - - - - - -

30/06/2008 5.10% 94.90% - - - - - - - -

ING Wholesale Fixed Interest Trust

MMF0075AU 30/06/2009 0.50% 99.50% - - - - - - - -

30/06/2008 0.20% 99.80% - - - - - - - -

ING Wholesale Global Emerging Markets

MMF0275AU 30/06/2009 7.00% - - - - - 93.00% - - -

30/06/2008 4.30% - - - - - 95.70% - - -

ING Wholesale Global High Dividend Fund

HML0014AU 30/06/2009 6.10% - - - - 6.00% 87.90% - - -

30/06/2008 5.00% - - - - - 95.00% - - -

ING Wholesale Global Property Securities Fund

HML0016AU 30/06/2009 8.20% - - - - - - 91.80% - -

30/06/2008 9.50% - - - - - - 90.50% - -

ING Wholesale Global Share Fund

MMF0343AU 30/06/2009 0.40% - - - - - 99.60% - - -

30/06/2008 0.20% - - - - - 99.80% - - -

ING Wholesale High Growth Fund

MMF0342AU 30/06/2009 0.20% - - - - 50.20% 49.60% - - -

30/06/2008 0.70% - - - - 51.50% 47.80% - - -

ING Wholesale Managed Growth Trust

MMF0115AU 30/06/2009 6.20% 16.40% 7.90% - 7.60% 36.50% 23.80% - - 1.60%

30/06/2008 11.10% 12.80% 1.60% - 6.00% 39.30% 24.00% - - 5.20%

ING Wholesale Select Leaders Trust

ANZ0216AU 30/06/2009 0.40% - - - - 99.60% - - - -

30/06/2008 0.30% - - - - 99.70% - - - -

Instreet Reliance Commodities Fund

MIL0003AU 30/06/2009 - - - - - - - - - 100.00%


Instreet Reliance Global Allocation Fund

MIL0002AU 30/06/2009 - - - - - - - - - 100.00%


Integrity Australian Shares Fund

ITG0001AU 30/06/2009 1.00% - - - 0.51% 98.49% - - - -

30/06/2008 3.27% - - - 2.10% 94.63% - - - -

INVESCO Wholesale Asian Share Fund

GTU0009AU 30/06/2009 2.70% - - - - - 97.30% - - -

30/06/2008 3.80% - - - - - 96.20% - - -

INVESCO Wholesale Australian Share Fund

CNA0811AU 30/06/2009 0.30% - - - - 99.70% - - - -

30/06/2008 0.70% - - - - 99.30% - - - -

INVESCO Wholesale Australian Smaller Companies Fund

CNA0812AU 30/06/2009 2.40% - - - - 97.60% - - - -

30/06/2008 5.70% - - - - 94.30% - - - -

INVESCO Wholesale Global Fixed Interest Fund

GTU0021AU 30/06/2009 1.50% - 98.50% - - - - - - -

30/06/2008 1.50% - 98.50% - - - - - - -

INVESCO Wholesale Global Matrix Fund

GTU0102AU 30/06/2009 11.00% - - - - - 89.00% - - -

30/06/2008 4.70% - - - - - 95.30% - - -

INVESCO Wholesale Global Matrix Fund (Hedged)

GTU0008AU 30/06/2009 10.40% - - - - - 89.60% - - -

30/06/2008 5.00% - - - - - 95.00% - - -

Invesco Wholesale Global Property Securities Fund

GTU0041AU 30/06/2009 5.60% - - - 94.40% - - - - -

30/06/2008 20.90% - - - 79.10% - - - - -

Investors Mutual Australian Share Fund

IML0002AU 30/06/2009 3.94% - - - 0.70% 92.34% - - - 3.02%

30/06/2008 9.60% - - - - 90.40% - - - -

Investors Mutual Australian Small Companies

IML0001AU 30/06/2009 8.02% - - - - 91.98% - - - -

30/06/2008 11.67% - - - - 88.33% - - - -

Investors Mutual Future Leaders Fund

IML0003AU 30/06/2009 9.26% - - - - 90.74% - - - -

30/06/2008 13.94% - - - - 86.06% - - - -

Investors Mutual Industrial Share Fund

IML0004AU 30/06/2009 6.56% - - - - 93.44% - - - -

30/06/2008 10.26% - - - - 89.74% - - - -

Investors Mutual Small Cap Fund

IML0006AU 30/06/2009 8.16% - - - - 91.84% - - - -

30/06/2008 19.86% - - - - 80.14% - - - -

Investors Mutual Value & Income Fund

IML0005AU 30/06/2009 29.47% - - - - 70.53% - - - -

30/06/2008 17.30% - - - - 43.80% 38.90% - - -

K2 Asian Absolute Return Fund KAM0100AU 30/06/2009 22.60% - - - - 9.80% 67.60% - - -

30/06/2008 64.90% - - - - 3.40% 31.70% - - -

K2 Australian Absolute Return Fund

KAM0101AU 30/06/2009 15.80% - - - - 84.20% - - - -

30/06/2008 64.30% - - - - 35.70% - - - -

K2 Select International Absolute Return Fund

ETL0046AU 30/06/2009 24.30% - - - - 15.90% 59.80% - - -

30/06/2008 57.50% - - - - 8.50% 34.00% - - -

Kinetic Wholesale Emerging Companies Fund

HOW0036AU 30/06/2009 3.73% - - - - 96.27% - - - -

30/06/2008 60.94% - - - - 2.64% 36.42% - - -

Lazard Australian Equity Fund - W Class

LAZ0010AU 30/06/2009 1.70% - - - - 98.30% - - - -

30/06/2008 2.36% - - - - 97.64% - - - -

Lazard Global Equity (ex Australia) Fund - I Class

LAZ0001AU 30/06/2009 2.60% - - - - - 97.40% - - -

30/06/2008 2.97% - - - - - 97.03% - - -

Lazard Global Small Cap Fund - W Class

LAZ0012AU 30/06/2009 1.30% - - - - - 98.70% - - -

30/06/2008 1.25% - - - - - 98.75% - - -

30


Australian fixed

interest (%)

International fixed

interest (%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)


(%)


(%)

Absolute Return

(%)

Other (%)

Lazard Select Australian Equity Fund - W Class

LAZ0013AU 30/06/2009 2.70% - - - - 97.30% - - - -

30/06/2008 1.43% - - - - 98.57% - - - -

Legg Mason Australian Credit Trust

SSB0123AU 30/06/2009 3.80% 96.20% - - - - - - - -

30/06/2008 2.00% 98.00% - - - - - - - -

Legg Mason Australian Equity Trust

SSB0125AU 30/06/2009 1.40% - - - - 98.60% - - - -

30/06/2008 0.46% - - - - 99.54% - - - -

Legg Mason Diversified Fixed Interest Trust - Class A Units

JPM0018AU 30/06/2009 0.12% 49.92% 49.96% - - - - - - -

30/06/2008 0.41% 55.27% 44.32% - - - - - - -

Legg Mason Diversified Trust JPM0008AU 30/06/2009 4.79% 3.72% 11.85% - 10.30% 43.94% 22.89% - 2.51% -

30/06/2008 4.73% 11.42% 11.45% - 9.56% 36.44% 22.91% - 3.49% -

Legg Mason Property Securities Trust

SSB0128AU 30/06/2009 0.11% - - - 99.89% - - - - -

30/06/2008 2.91% - - - 97.09% - - - - -

Legg Mason Tactical Allocation Trust

SSB0130AU 30/06/2009 - -32.90% - - - 132.90% - - - -

30/06/2008 - 35.00% - - - 65.00% - - - -

Legg Mason Wholesale Defensive Trust

SSB0001AU 30/06/2009 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2008 14.18% 30.60% 30.87% - 4.49% 12.02% 7.84% - - -

Leveraged Investment Companies Fund

BEG0002AU 30/06/2009 0.73% - - - - 99.27% - - - -

30/06/2008 0.71% - - - - 99.29% - - - -

Life Settlements Wholesale Fund

LFS0001AU 30/06/2009 0.53% - - - - - - - - 99.47%

30/06/2008 - - - - - - - - - 100.00%

LM Wholesale Mortgage Income Fund

LMI0007AU 30/06/2009 2.50% - - 97.50% - - - - - -

30/06/2008 7.00% - - 93.00% - - - - - -

Macarthur Cook Diversified Prop Income Fund

MCK0002AU 30/06/2009 8.63% - - - 61.06% - - 21.55% - 8.76%

30/06/2008 8.15% - - - 68.70% - - 18.78% - 4.37%

Macquarie Special Events Fund

MAQ0360AU 30/06/2009 25.00% - - - - 75.00% - - - -

30/06/2008 20.00% - - - - 80.00% - - - -

Macquarie Asian Alpha Fund (formerly

MAQ0625AU 30/06/2009 - - - - - 15.00% 85.00% - - -

30/06/2008 - - - - - 14.00% 86.00% - - -

Macquarie Australian Small Companies Incentives Fund

MAQ0479AU 30/06/2009 0.35% - - - - 99.65% - - - -

30/06/2008 0.14% - - - - 99.86% - - - -

Macquarie Australian Smaller Companies Fund

MAQ0454AU 30/06/2009 0.34% - - - - 99.66% - - - -

30/06/2008 0.14% - - - - 99.86% - - - -

Macquarie BRIC Adv Fund (Hedged)

MAQ0473AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 99.26% - - - - - 0.74% - - -

Macquarie BRIC Adv Fund (Unhedged) - Class G units (formerly Macquarie Globalis BRIC Adv Unhedged)

MAQ0474AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 99.26% - - - - - 0.74% - - -

Macquarie Direct Property Fund

MAQ0448AU 30/06/2009 3.83% - - - 2.24% - - 92.05% - 1.88%

30/06/2008 1.62% - - - 2.73% - - 93.02% - 2.63%

Macquarie Diversified Equity Fund - Accum (2003 Series)

MAQ0282AU 30/06/2009 - - - - - - - - - 100.00%

30/06/2008 - - - - - - - - - 100.00%

Macquarie Diversified Private Equity Fund - Accum (2004 Series)

MAQ0322AU 30/06/2009 - - - - - - - - - 100.00%

30/06/2008 - - - - - - - - - 100.00%

Macquarie Diversified Private Equity Fund - Pension (2003 Series)

MAQ0283AU 30/06/2009 - - - - - - - - - 100.00%

30/06/2008 - - - - - - - - - 100.00%

Macquarie Enhanced Resource & Commodity Securities - Series 3

MBL0001AU 30/06/2009 - - - - - - - - - 100.00%

30/06/2008 - - - - - - - - - 100.00%

Macquarie Enhanced Resource & Commodity Securities - Series 4

MBL0002AU 30/06/2009 - - - - - - - - - 100.00%

30/06/2008 - - - - - - - - - 100.00%

Macquarie Equinox Limited - Class B Participating Shares

MAQ0001BM 30/06/2009 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a


Macquarie Equinox Limited - Class C Participating Shares

MAQ0002BM 30/06/2009 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a


Macquarie Global Infrastructure Trust II

MAQ0353AU 30/06/2009 - - - - - - - - - 100.00%

30/06/2008 - - - - - - - - - 100.00%

Macquarie Martin Place Office Trust

MAQ0270AU 30/06/2009 2.39% - - - - - - 97.44% - 0.17%

30/06/2008 0.45% - - - - - - 98.08% - 1.48%

Macquarie Property Income Fund

MAQ0300AU 30/06/2009 3.39% - - - 96.61% - - - - -

30/06/2008 11.60% - - - 88.40% - - - - -


MAQ0203AU 30/06/2009 100.00% - - - - - - - - -

30/06/2008 100.00% - - - - - - - - -


31


Australian fixed

interest (%)

International fixed

interest (%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)


(%)


(%)

Absolute Return

(%)

Other (%)

Magellan Global Fund MGE0001AU 30/06/2009 12.64% - - - - 1.94% 85.42% - - -

30/06/2008 23.87% - - - - 0.78% 75.35% - - -

Magellan Infrastructure Fund MGE0002AU 30/06/2009 11.90% - - - - 25.09% 63.01% - - -

30/06/2008 24.11% - - - - 24.22% 51.67% - - -

Man Series 6 OM-IP 220 Ltd MAN0011CK 30/06/2009 - - - - - - - - 100.00% -

30/06/2008 - - - - - - - - 100.00% -

Maple-Brown Abbott Diversified Investment Trust

MPL0001AU 30/06/2009 9.00% 16.00% - - 7.00% 47.00% 21.00% - - -

30/06/2008 14.00% 19.00% - - 6.00% 39.00% 20.00% - 2.00% -

Mariner Wholesale Mortgage Trust

MRN0003AU 30/06/2009 19.26% - - 80.74% - - - - - -

30/06/2008 22.25% - - 77.75% - - - - - -

Mercer Australian Shares Plus Fund

MIN0020AU 30/06/2009 2.29% - - - - 97.71% - - - -

30/06/2008 2.26% - - - - 97.74% - - - -

Mercer Diversified Alternatives Fund

MIN0026AU 30/06/2009 0.54% - - - - - - - - 99.46%

30/06/2008 1.03% - - - - - - - - 98.97%

Mercer Growth Plus Fund MIN0021AU 30/06/2009 9.93% 1.50% 6.34% - 4.63% 28.76% 29.24% 1.94% - 17.66%

30/06/2008 4.42% 2.70% 7.79% - 4.80% 27.39% 26.52% 2.33% - 24.05%

Mercer Income Plus Fund MIN0027AU 30/06/2009 10.03% 15.55% 30.34% - 7.49% 3.70% - 9.56% - 23.33%

30/06/2008 10.01% 16.22% 31.30% - 7.17% 3.88% - 9.10% - 22.32%

MFS Fully Hedged Global Equity Trust

ETL0041AU 30/06/2009 5.44% - - - - - 94.56% - - -

30/06/2008 2.57% - - - - - 97.43% - - -

MFS Global Equity Trust MIA0001AU 30/06/2009 5.44% - - - - - 94.56% - - -

30/06/2008 2.57% - - - - - 97.43% - - -

Milhouse IAG Private Equity Fund

TOL0042AU 30/06/2009 1.80% - - - - - - - - 98.20%


Mirvac Aqua Enhanced Income Fund

JFF0003AU 30/06/2009 61.96% - - 38.04% - - - - - -

30/06/2008 46.79% - - 53.21% - - - - - -

Mirvac Aqua High Income Fund

JFF0001AU 30/06/2009 59.92% - - 40.08% - - - - - -

30/06/2008 53.47% - - 46.53% - - - - - -

Mirvac Aqua Income Fund JFF0002AU 30/06/2009 49.52% - - 50.48% - - - - - -

30/06/2008 28.41% - - 71.59% - - - - - -

MLC Investment Trust - Platinum Global

MLC0317AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 2.90% - - - - - 97.10% - - -

MLC Wholesale Australian Share Fund

MLC0262AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 0.50% - - - - 99.50% - - - -

MLC Wholesale Australian Share Growth Style Fund

MLC0623AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 0.50% - - - - 99.50% - - - -

MLC Wholesale Australian Share Value Style Fund

MLC0624AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 2.90% - - - - 97.10% - - - -

MLC Wholesale Capital International Global Share Fund

MLC0316AU 30/06/2009 0.15% - - - - - 99.85% - - -

30/06/2008 0.10% - - - - - 99.90% - - -

MLC Wholesale Global Share Fund

MLC0261AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 1.30% - - - - - 98.70% - - -

MLC Wholesale Global Share Value Style Fund

MLC0626AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 1.00% - - - - - 99.00% - - -

MLC Wholesale Horizon 3 Conservative Growth Portfolio

MLC0398AU 30/06/2009 1.64% 31.44% 18.43% - - 20.52% 24.75% 3.23% - -

30/06/2008 2.10% 31.60% 18.00% - 2.80% 20.40% 24.10% - - 1.00%

MLC Wholesale Horizon 4 Balanced Portfolio

MLC0260AU 30/06/2009 - 15.26% 14.75% - - 31.00% 32.00% 4.00% - 2.99%

30/06/2008 1.20% 15.70% 14.20% - 3.70% 30.40% 31.50% - - 3.30%

MLC Wholesale Horizon 5 Growth Portfolio

MLC0265AU 30/06/2009 - 7.20% 7.80% - - 35.00% 44.00% 3.00% - 3.00%

30/06/2008 0.40% 7.40% 8.00% - 3.00% 34.20% 43.50% - - 3.50%

MLC Wholesale Horizon 6 Share Portfolio

MLC0397AU 30/06/2009 - - - - - 40.00% 57.00% - - 3.00%

30/06/2008 3.50% - - - - 38.40% 55.10% - - 3.00%

MLC Wholesale Horizon 7 Accelerated Growth Portfolio

MLC0449AU 30/06/2009 18.75% - - - - 32.50% 46.88% - - 1.88%

30/06/2008 6.10% - - -30.80% - 50.00% 71.90% - - 2.80%

MLC Wholesale IncomeBuilder MLC0264AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 0.50% - - - - 99.50% - - - -

MLC Wholesale Property Securities Fund

MLC0263AU 30/06/2009 - - - - - - - 100.00% - -

30/06/2008 - - - - 100.00% - - - - -

MMC Australian Share Fund MMC0100AU 30/06/2009 73.48% - - - - 26.52% - - - -

30/06/2008 35.00% - - - - 46.28% 12.07% - - 6.65%

MMC Small Companies Fund AMS0100AU 30/06/2009 77.22% - - - - 22.78% - - - -

30/06/2008 18.56% - - - - 80.03% 1.42% - - -

Morgan Stanley Global Franchise Fund

MAQ0404AU 30/06/2009 8.50% - - - - - 91.50% - - -

30/06/2008 1.56% - - - - - 98.44% - - -

32


Australian fixed

interest (%)

International fixed

interest (%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)


(%)


(%)

Absolute Return

(%)

Other (%)

Multiplex Diversified Property Fund

MLP0001AU 30/06/2009 50.00% - - - 2.00% - - 48.00% - -

30/06/2008 14.10% - - - 75.50% - - 10.40% - -

Multiplex Property Income Fund

MLP0002AU 30/06/2009 2.74% - - - 3.23% - - 94.03% - -

30/06/2008 11.00% - - - 11.00% - - 78.00% - -

OC Dynamic Equity Fund OPS0001AU 30/06/2009 22.40% - - - - 77.60% - - - -

30/06/2008 27.00% - - - - 73.00% - - - -

OC Premium Equity Fund OPS0002AU 30/06/2009 27.60% - - - - 72.40% - - - -

30/06/2008 32.00% - - - - 68.00% - - - -

OM-IP 130 Plus MAN0001CK 30/06/2009 - - - - - - - - 100.00% -

30/06/2008 - - - - - - - - 100.00% -

OM-IP 140 Plus MAN0014CK 30/06/2009 - - - - - - - - 100.00% -

30/06/2008 - - - - - - - - 100.00% -

OM-IP 15 seven MAN0019CK 30/06/2009 - - - - - - - - 100.00% -

30/06/2008 - - - - - - - - 100.00% -

OM-IP 16eight Limited MAN0024CK 30/06/2009 - - - - - - - - 100.00% -

30/06/2008 - - - - - - - - 100.00% -

OM-IP 220 Series 10 MAN0021CK 30/06/2009 - - - - - - - - 100.00% -

30/06/2008 - - - - - - - - 100.00% -

OM-IP AHL Limited MAN0035CK 30/06/2009 - - - - - - - - 100.00% -

30/06/2008 - - - - - - - - 100.00% -

OM-IP Eclipse Limited MAN0026CK 30/06/2009 - - - - - - - - 100.00% -

30/06/2008 - - - - - - - - 100.00% -

OM-IP Hedge Plus MAN0004CK 30/06/2009 - - - - - - - - 100.00% -

30/06/2008 - - - - - - - - 100.00% -

OM-IP Multi Strategy MAN0016CK 30/06/2009 - - - - - - - - 100.00% -

30/06/2008 - - - - - - - - 100.00% -

OM-IP Strategic MAN0005CK 30/06/2009 - - - - - - - - 100.00% -

30/06/2008 - - - - - - - - 100.00% -

OM-IP Stratum Limited MAN0020Ck 30/06/2009 - - - - - - - - 100.00% -

30/06/2008 - - - - - - - - 100.00% -

OptiMix Wholesale Australian Fixed Interest Trust - Class B Units

LEF0104AU 30/06/2009 32.90% 67.10% - - - - - - - -

30/06/2008 44.90% 55.10% - - - - - - - -

OptiMix Wholesale Australian Property Securities Trust

LEF0101AU 30/06/2009 4.30% - - - 95.70% - - - - -

30/06/2008 5.60% - - - 94.40% - - - - -

OptiMix Wholesale Australian Share Trust

LEF0043AU 30/06/2009 1.80% - - - - 98.20% - - - -

30/06/2008 1.40% - - - - 98.60% - - - -

OptiMix Wholesale Australian Share Trust - Class B Units

LEF0102AU 30/06/2009 1.80% - - - - 98.20% - - - -

30/06/2008 1.40% - - - - 98.60% - - - -

OptiMix Wholesale Balanced Trust

LEF0107AU 30/06/2009 5.50% 11.60% 12.70% - 7.50% 35.20% 27.50% - - -

30/06/2008 10.90% 11.00% 12.50% - 6.60% 33.60% 24.40% - - 1.00%

OptiMix Wholesale Conservative Trust

LEF0108AU 30/06/2009 19.00% 30.90% 17.80% - 4.20% 15.10% 13.00% - - -

30/06/2008 27.60% 28.10% 15.70% - 3.60% 13.30% 11.70% - - -

OptiMix Wholesale Enhanced Cash Trust

LEF0105AU 30/06/2009 91.40% 5.30% 3.30% - - - - - - -

30/06/2008 89.10% 10.20% 0.70% - - - - - - -

Optimix Wholesale Geared Australian Share Trust - Class B

MMF0990AU 30/06/2009 1.80% - - - - 98.20% - - - -

30/06/2008 1.40% - - - - 98.60% - - - -

OptiMix Wholesale Global Share Trust

LEF0103AU 30/06/2009 2.60% - - - - - 97.40% - - -

30/06/2008 2.50% - - - - - 97.50% - - -

OptiMix Wholesale Global Share Trust - Class A

LEF0047AU 30/06/2009 2.60% - - - - - 97.40% - - -

30/06/2008 2.50% - - - - - 97.50% - - -

OptiMix Wholesale Global Smaller Companies Share Trust

LEF0173AU 30/06/2009 3.60% - - - - - 96.40% - - -

30/06/2008 5.10% - - - - - 94.90% - - -

OptiMix Wholesale Growth Trust

LEF0106AU 30/06/2009 3.50% 7.30% 9.70% - 7.20% 43.00% 29.30% - - -

30/06/2008 7.50% 6.70% 10.00% - 6.60% 41.70% 26.50% - - 1.00%

OptiMix Wholesale High Growth Trusts

LEF0100AU 30/06/2009 0.90% - - - - 52.40% 46.70% - - -

30/06/2008 5.20% - - - - 55.00% 39.80% - - -

OptiMix Wholesale Moderate Trust

LEF0027AU 30/06/2009 10.40% 23.90% 17.40% - 7.70% 24.60% 16.00% - - -

30/06/2008 19.70% 21.70% 14.90% - 6.10% 23.20% 13.50% - - 0.90%

Opus Income & Capital Fund No. 21

OPU0001AU 30/06/2009 1.27% 5.81% - - - - - 92.92% - -

30/06/2008 2.10% 5.56% - - - - - 92.34% - -

Orchard Hybrid Property Fund SAI0001AU 30/06/2009 3.40% - - - - - - 96.60% - -

30/06/2008 13.40% - - - - - - 86.60% - -


33


Australian fixed

interest (%)

International fixed

interest (%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)


(%)


(%)

Absolute Return

(%)

Other (%)

Ord Minnett Enhanced Income Fund

ORD0005AU 30/06/2009 12.00% 88.00% - - - - - - - -

30/06/2008 7.00% 93.00% - - - - - - - -

Ord Minnett Global Dynamic Fund

ORD0007AU 30/06/2009 1.00% - - - - - 99.00% - - -

30/06/2008 - - - - - - 100.00% - - -

Ord Minnett Hedged Global Dynamic Fund

ORD0008AU 30/06/2009 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2008 - - - - - - 98.00% - - 2.00%

Orion Wholesale Australian Share Fund

HOW0020AU 30/06/2009 0.52% - - - - 99.48% - - - -

30/06/2008 1.17% - - - - 98.83% - - - -

Pengana Emerging Companies Fund

PER0270AU 30/06/2009 1.19% - - - - 98.81% - - - -

30/06/2008 7.73% - - - - 92.27% - - - -

Pengana Property Securities Fund

PER0076AU 30/06/2009 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2008 2.51% - - - 93.42% 0.21% 3.86% - - -

Perennial Asia Shares Wholesale Trust

IOF0203AU 30/06/2009 1.20% - - - - - 98.80% - - -

30/06/2008 5.19% - - - - - 94.81% - - -

Perennial Australian Property Wholesale Trust

IOF0044AU 30/06/2009 2.91% - - - 97.09% - - - - -

30/06/2008 2.85% - - - 97.15% - - - - -

Perennial Balanced Wholesale Trust

IOF0104AU 30/06/2009 2.38% 13.59% 7.78% - 10.42% 43.95% 21.88% - - -

30/06/2008 2.80% 23.66% 8.02% - 9.32% 34.17% 22.03% - - -

Perennial Fixed Interest Wholesale Trust

IOF0046AU 30/06/2009 3.58% 96.42% - - - - - - - -

30/06/2008 - 100.00% - - - - - - - -

Perennial Global Property Wholesale Trust

IOF0081AU 30/06/2009 2.67% - - - 97.33% - - - - -

30/06/2008 0.24% - - - 99.76% - - - - -

Perennial Growth Shares Wholesale Trust

IOF0048AU 30/06/2009 3.43% - - - - 96.57% - - - -

30/06/2008 4.63% - - - - 93.96% - - - 1.41%

Perennial International Shares Wholesale Trust

IOF0045AU 30/06/2009 5.19% - - - - - 94.81% - - -

30/06/2008 6.15% - - - - - 93.85% - - -

Perennial Value Share Wholesale Trust

IOF0206AU 30/06/2009 2.88% - - - - 97.12% - - - -

30/06/2008 2.75% - - - - 87.22% - - - 10.03%

Perennial Value Shares for Income Trust

IOF0078AU 30/06/2009 4.53% - - - - 95.47% - - - -

30/06/2008 6.13% - - - - 93.87% - - - -

Perpetual WealthFocus Investment Advantage - Perpetual's Smaller Companies

PER0039AU 30/06/2009 3.16% - - - 3.21% 93.63% - - - -

30/06/2008 3.12% - - - 0.64% 96.24% - - - -

Perpetual Exact Market Cash Fund

PER0258AU 30/06/2009 42.85% 54.48% 2.67% - - - - - - -

30/06/2008 39.56% 59.61% 0.83% - - - - - - -

Perpetual Wholesale Australian Fund

PER0049AU 30/06/2009 2.85% - - - - 94.93% 2.22% - - -

30/06/2008 3.44% - - - 0.62% 95.71% 0.23% - - -

Perpetual Wholesale Balanced Growth Fund

PER0063AU 30/06/2009 7.94% 18.28% - 0.05% 2.51% 36.50% 24.28% 1.22% - 9.22%

30/06/2008 19.27% 15.45% - 0.05% 3.29% 29.81% 23.46% 0.44% - 8.23%

Perpetual Wholesale Concentrated Equity Fund

PER0102AU 30/06/2009 2.51% - - - - 97.49% - - - -

30/06/2008 7.47% - - - 1.20% 91.33% - - - -

Perpetual Wholesale Conservative Growth Fund

PER0077AU 30/06/2009 25.32% 41.87% - 0.06% 2.36% 20.76% 5.09% 1.16% - 3.38%

30/06/2008 34.12% 40.38% - 0.03% 3.01% 14.17% 4.50% 0.26% - 3.53%

Perpetual Wholesale Diversified Growth Fund

PER0114AU 30/06/2009 14.78% 32.32% - 0.06% 2.37% 26.60% 19.28% 1.14% - 3.45%

30/06/2008 27.52% 30.53% - 0.06% 3.45% 16.50% 17.94% 0.38% - 3.62%

Perpetual Wholesale Diversified Income Fund

PER0260AU 30/06/2009 34.73% 59.56% 2.33% 1.15% - - - - - 2.23%

30/06/2008 26.29% 65.91% 2.14% 3.41% - - - - - 2.25%

Perpetual Wholesale Ethical SRI Fund

PER0116AU 30/06/2009 3.91% - - - 0.51% 95.58% - - - -

30/06/2008 7.52% - - - - 92.48% - - - -

Perpetual Wholesale Geared Australian Fund

PER0071AU 30/06/2009 - - - - - 97.78% 2.22% - - -

30/06/2008 - - - - 0.66% 99.09% 0.25% - - -

Perpetual Wholesale Industrial Fund

PER0046AU 30/06/2009 3.08% - - - 0.56% 96.36% - - - -

30/06/2008 5.56% - - - 1.32% 93.12% - - - -

Perpetual Wholesale International Share Fund

PER0050AU 30/06/2009 5.21% - - - - - 94.79% - - -

30/06/2008 4.22% - - - - - 95.78% - - -

Perpetual Wholesale Monthly Income Fund

PER0106AU 30/06/2009 19.82% 23.07% -0.03% 57.14% - - - - - -

30/06/2008 39.56% 2.72% -0.03% 57.75% - - - - - -

Perpetual Wholesale Property Income Fund

PER0266AU 30/06/2009 2.16% - - - 51.96% 0.28% - 43.18% - 2.42%

30/06/2008 3.85% - - - 37.37% - - 55.00% - 3.78%

Perpetual Wholesale Property Securities Fund

PER0070AU 30/06/2009 2.15% - - - 96.81% 1.04% - - - -

30/06/2008 2.37% - - - 97.63% - - - - -

Perpetual Wholesale SHARE-PLUS Long-Short Fund

PER0072AU 30/06/2009 3.95% - - - - 93.62% 2.43% - - -

30/06/2008 5.00% - - - -0.95% 95.68% 0.27% - - -

34


Australian fixed

interest (%)

International fixed

interest (%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)


(%)


(%)

Absolute Return

(%)

Other (%)

Perpetual Wholesale Smaller Companies Fund

PER0048AU 30/06/2009 2.76% - - - 3.21% 94.03% - - - -

30/06/2008 2.78% - - - 0.71% 96.51% - - - -

Perpetual Wholesale Split Growth Fund

PER0066AU 30/06/2009 4.81% - - - 0.23% 39.94% 55.02% - - -

30/06/2008 8.24% - - - 0.51% 35.92% 55.33% - - -

Peters MacGregor Global Fund WPC0002AU 30/06/2009 26.70% - - - - - 73.30% - - -

30/06/2008 23.89% - 0.16% - - - 75.95% - - -

Platinum Asia Fund PLA0004AU 30/06/2009 19.80% - - - - - 80.20% - - -

30/06/2008 27.00% - - - - - 73.00% - - -

Platinum European Fund PLA0001AU 30/06/2009 14.30% - - - - - 85.70% - - -

30/06/2008 5.80% - - - - - 94.20% - - -

Platinum International Brands Fund

PLA0100AU 30/06/2009 20.50% - - - - - 79.50% - - -

30/06/2008 20.40% - - - - - 79.60% - - -

Platinum International Fund PLA0002AU 30/06/2009 20.00% - - - - - 80.00% - - -

30/06/2008 16.90% - - - - - 83.10% - - -

Platinum International Technology Fund

PLA0101AU 30/06/2009 27.20% - - - - - 72.80% - - -

30/06/2008 23.90% - - - - - 76.10% - - -

Platinum Japan Fund PLA0003AU 30/06/2009 12.40% - - - - - 87.60% - - -

30/06/2008 13.50% - - - - - 86.50% - - -

Platinum Unhedged Fund PLA0006AU 30/06/2009 9.90% - - - - 1.30% 88.80% - - -

30/06/2008 10.00% - - - - 0.30% 89.70% - - -

PM Capital Absolute Performance Fund

PMC0100AU 30/06/2009 -41.40% 19.50% 8.80% - - - 113.10% - - -

30/06/2008 -17.60% - - - - - 117.60% - - -

PM Capital Australian Opportunities Fund

PMC0101AU 30/06/2009 -35.60% 22.10% - - - 113.50% - - - -

30/06/2008 1.00% - - - - 99.00% - - - -

PM Capital Enhanced Yield Fund

PMC0103AU 30/06/2009 22.50% 74.90% - - - - 2.60% - - -

30/06/2008 31.10% 65.40% - - - - 3.50% - - -

Prime Value Growth Fund PVA0011AU 30/06/2009 19.77% - - - - 80.23% - - - -

30/06/2008 20.00% - - - - 80.00% - - - -

Prime Value Imputation Fund PVA0022AU 30/06/2009 13.48% - - - - 86.52% - - - -

30/06/2008 12.14% - - - - 87.86% - - - -

Principal Global Strategic Income Fund

PGI0001AU 30/06/2009 7.64% 25.20% 67.16% - - - - - - -

30/06/2008 10.34% 10.17% 79.49% - - - - - - -

Principal Property Securities Fund

PRE0001AU 30/06/2009 2.71% - - - 97.29% - - - - -

30/06/2008 1.95% - - - 98.05% - - - - -

RARE Infrastructure Value Fund

TGP0008AU 30/06/2009 4.93% - - - - 4.65% 90.42% - - -

30/06/2008 6.00% - - - - 13.68% 80.32% - - -

RCM Global Equities Fund THO0003AU 30/06/2009 1.70% - - - - - 98.30% - - -

30/06/2008 3.00% - - - - - 97.00% - - -

RREEF Global (ex Aust) Property Securities Fund

MGL0010AU 30/06/2009 1.64% - - - 98.36% - - - - -

30/06/2008 4.39% - - - 95.61% - - - - -

RREEF Global Equity Opportunities Fund

MGL0134AU 30/06/2009 3.00% - - - - - - - - 97.00%

30/06/2008 3.00% - - - - - - - - 97.00%

RREEF Global Property Securities Fund

MGL0011AU 30/06/2009 1.71% - - - 98.29% - - - - -

30/06/2008 4.21% - - - 95.79% - - - - -

RREEF Paladin Property Securities Fund

PAL0002AU 30/06/2009 3.04% - - - 96.96% - - - - -

30/06/2008 3.58% - - - 96.42% - - - - -

Russell Australian Opportunities Fund - Class A

RIM0029AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 - - - - - 100.00% - - - -

Russell Australian Select Holdings Fund - Class A

RIM0035AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 - - - - - 100.00% - - - -

Russell Australian Shares Fund Class - A

RIM0006AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 - - - - - 100.00% - - - -

Russell Australian Shares Fund Class - C

RIM0015AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 - - - - - 100.00% - - - -

Russell Balanced Fund - Class A

RIM0001AU 30/06/2009 2.00% 16.80% 11.20% - 7.00% 31.00% 29.00% - - 3.00%

30/06/2008 3.00% 15.00% 10.00% - 7.00% 32.00% 31.00% - - 2.00%

Russell Balanced Fund - Class C

RIM0011AU 30/06/2009 2.00% 16.80% 11.20% - 7.00% 31.00% 29.00% - - 3.00%

30/06/2008 3.00% 15.00% 10.00% - 7.00% 32.00% 31.00% - - 2.00%

Russell Conservative Fund - Class A

RIM0002AU 30/06/2009 30.00% 25.00% 15.00% - 3.00% 15.00% 12.00% - - -

30/06/2008 30.00% 25.00% 15.00% - 3.00% 15.00% 12.00% - - -

Russell Diversified 50 Fund - Class A

RIM0003AU 30/06/2009 15.00% 22.00% 13.00% - 5.00% 23.00% 22.00% - - -

30/06/2008 15.00% 22.00% 13.00% - 5.00% 23.00% 22.00% - - -

Russell Emerging Markets Fund

RIM0038AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 - - - - - - 100.00% - - -


35


Australian fixed

interest (%)

International fixed

interest (%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)


(%)


(%)

Absolute Return

(%)

Other (%)

Russell Global Opportunities Fund - Class A

RIM0032AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 - - - - - - 100.00% - - -

Russell Growth Fund - Class A RIM0004AU 30/06/2009 - 10.00% - - 9.00% 40.00% 38.00% - - 3.00%

30/06/2008 1.10% 6.80% - - 9.00% 42.00% 39.00% - - 2.10%

Russell Growth Fund - Class C RIM0014AU 30/06/2009 - 10.00% - - 9.00% 40.00% 38.00% - - 3.00%

30/06/2008 1.10% 6.80% - - 9.00% 42.00% 39.00% - - 2.10%

Russell High Growth Fund - Class C

RIM0030AU 30/06/2009 - - - - 10.00% 46.00% 44.00% - - -

30/06/2008 - - - - 10.00% 46.00% 44.00% - - -

Russell International Property Securities Fund (Hedged) - Class A

RIM0031AU 30/06/2009 - - - - 100.00% - - - - -

30/06/2008 - - - - 100.00% - - - - -

Russell International Shares (Hedged) - Class A

RIM0009AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 - - - - - - 100.00% - - -

Russell International Shares Fund - Class A

RIM0008AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 - - - - - - 100.00% - - -

Sandhurst IML Industrial Share Fund

STL0101AU 30/06/2009 8.00% - - - - 92.00% - - - -

30/06/2008 7.00% - - - - 93.00% - - - -

Schroder Australian Equity Fund

SCH0002AU 30/06/2009 2.10% - - - - 97.90% - - - -

30/06/2008 7.00% - - - - 93.00% - - - -

Schroder Balanced Fund SCH0102AU 30/06/2009 10.25% 16.80% 2.00% - - 35.25% 17.03% - 7.03% 11.64%

30/06/2008 15.00% 22.00% - - - 31.00% 17.00% - 4.00% 11.00%

Schroder Fixed Income Fund SCH0028AU 30/06/2009 14.60% 42.30% 20.70% - - - - - 12.00% 10.40%

30/06/2008 8.60% 48.40% 10.50% - - - - - 20.50% 12.00%

Schroder Global Active Value Fund

SCH0030AU 30/06/2009 3.69% - - - - - 96.31% - - -

30/06/2008 1.18% - - - - - 98.82% - - -

Schroder Global Active Value Fund (Hedged)

SCH0032AU 30/06/2009 3.69% - - - - - 96.31% - - -

30/06/2008 1.18% - - - - - 98.82% - - -

Schroder Global Emerging Markets Fund

SCH0034AU 30/06/2009 1.80% - - - - - 98.20% - - -

30/06/2008 1.60% - - - - - 98.40% - - -

Schroder Hybrid Securities Fund

SCH0103AU 30/06/2009 14.30% - - - - - - - - 85.70%

30/06/2008 22.00% - - - - - - - - 78.00%

Schroder Wholesale Australian Equity Fund

SCH0101AU 30/06/2009 2.10% - - - - 97.90% - - - -

30/06/2008 3.00% - - - - 97.00% - - - -

Select Alternatives Portfolio SLT0005AU 30/06/2009 21.30% - -0.50% - 5.00% 9.40% 10.70% 8.40% - 45.70%

30/06/2008 12.40% - - - 1.90% 4.90% 10.10% 8.90% - 61.80%

Select Defensive Portfolio SLT0001AU 30/06/2009 14.30% 9.30% 8.10% - 5.20% 12.80% 17.60% 9.60% - 23.10%

30/06/2008 19.40% 10.60% 18.00% - 2.00% 9.70% 16.70% 9.30% - 14.30%

Select Gottex Enhanced Market Neutral Fund

SLT0003AU 30/06/2009 - - - - - - - - - 100.00%

30/06/2008 - - - - - - - - - 100.00%

Select Gottex Market Neutral Fund

SLT0004AU 30/06/2009 - - - - - - - - - 100.00%

30/06/2008 - - - - - - - - - 100.00%

Select Growth Portfolio SLT0002AU 30/06/2009 10.60% 1.10% 1.00% - 6.60% 24.20% 28.00% 7.80% - 20.70%

30/06/2008 18.90% 1.50% 13.40% - 1.90% 16.30% 23.80% 7.00% - 17.20%

Select Private Equity Portfolio SLT0008AU 30/06/2009 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2008 -12.00% - - - - 10.00% 67.00% - - 35.00%

SGH ICE ETL0062AU 30/06/2009 5.67% - - - - 94.33% - - - -

30/06/2008 5.64% - - - - 94.36% - - - -

SGH20 ETL0042AU 30/06/2009 2.17% - - - - 97.83% - - - -

30/06/2008 0.13% - - - - 99.87% - - - -

Solaris Core Australian Equity Fund

WHT0012AU 30/06/2009 - - - - - 100.00% - - - -


Souls Aust Small Companies Fund

FAM0101AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 2.93% - - - - 97.07% - - - -

Souls Australian Select Share Fund

VIM0002AU 30/06/2009 0.64% - - - - 99.36% - - - -

30/06/2008 1.68% - - - - 98.32% - - - -

Spectrum Wholesale Enhanced Income Fund

SAM0001AU 30/06/2009 2.00% 98.00% - - - - - - - -

30/06/2008 1.34% 98.66% - - - - - - - -

SSgA Australian Equities Index Trust

SST0004AU 30/06/2009 0.12% - - - - 99.88% - - - -

30/06/2008 0.08% - - - - 99.92% - - - -

SSgA Australian Fixed Income Index Trust

SST0005AU 30/06/2009 0.40% 99.60% - - - - - - - -

30/06/2008 0.10% 99.90% - - - - - - - -

SSgA Australian Listed Property Index Trust

SST0007AU 30/06/2009 - - - - 99.76% - - - - 0.24%

30/06/2008 - - - - 99.80% - - - - 0.20%

SSgA International Equities Index Trust

SST0013AU 30/06/2009 - - - - - - 99.57% - - 0.43%

30/06/2008 - - - - - - 99.81% - - 0.19%

36


Australian fixed

interest (%)

International fixed

interest (%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)


(%)


(%)

Absolute Return

(%)

Other (%)

SSgA International Equities Index Trust (Hedged)

SST0022AU 30/06/2009 - - - - - - 99.57% - - 0.43%

30/06/2008 - - - - - - 99.81% - - 0.19%

Suncorp Wholesale Australian Equities Fund

SUN0114AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 - - - - - 100.00% - - - -

T. Rowe Price Global Equity Fund

ETL0071AU 30/06/2009 4.50% - - - - - 95.50% - - -

30/06/2008 1.50% - - - - - 98.50% - - -

TAAM New Asia Fund TGP0006AU 30/06/2009 6.50% - - - - - 93.50% - - -

30/06/2008 7.50% - - - - - 92.50% - - -

Templeton Emerging Markets Fund

FRT0006AU 30/06/2009 6.93% - - - - - 93.07% - - -

30/06/2008 4.15% - - - - - 95.85% - - -

Templeton Global Equity Fund FRT0004AU 30/06/2009 7.62% - - - - - 92.38% - - -

30/06/2008 1.32% - - - - - 98.68% - - -

Tyndall Australian Share Income Fund

TYN0038AU 30/06/2009 - - - - - 100.00% - - - -


Tyndall Australian Share Wholesale Portfolio

TYN0028AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 - - - - - 100.00% - - - -

UBS Australian Bond Fund SBC0813AU 30/06/2009 0.69% 99.31% - - - - - - - -

30/06/2008 4.57% 95.43% - - - - - - - -

UBS Australian Equity Income Fund

UBS0007AU 30/06/2009 4.60% - - - 2.03% 93.37% - - - -

30/06/2008 7.62% - - - 1.34% 91.04% - - - -

UBS Australian Share Fund SBC0817AU 30/06/2009 1.65% - - - 2.84% 95.51% - - - -

30/06/2008 1.85% - - - 3.99% 94.16% - - - -

UBS Australian Small Companies Fund

UBS0004AU 30/06/2009 1.83% - - - 6.58% 91.59% - - - -

30/06/2008 7.18% - - - 3.86% 88.96% - - - -

UBS Balanced Investment Fund

SBC0815AU 30/06/2009 11.96% 10.08% - - 6.64% 28.54% 31.64% - - 11.14%

30/06/2008 1.27% 12.53% 4.06% - 6.60% 26.19% 36.66% - - 12.69%

UBS Cash Fund SBC0811AU 30/06/2009 100.00% - - - - - - - - -

30/06/2008 100.00% - - - - - - - - -

UBS Cash Plus Fund SBC0812AU 30/06/2009 35.75% 50.22% 14.03% - - - - - - -

30/06/2008 23.05% 69.72% 7.23% - - - - - - -

UBS Credit Enhanced Cash Fund

UBS0102AU 30/06/2009 6.89% 67.52% 11.33% - - - - - - 14.26%

30/06/2008 6.89% 68.96% 24.15% - - - - - - -

UBS Defensive Investment Fund

SBC0814AU 30/06/2009 35.65% 20.21% - - 2.78% 12.56% 17.37% - - 11.43%

30/06/2008 23.63% 27.32% 10.15% - 2.60% 8.07% 16.77% - - 11.46%

UBS Diversified Credit Income Fund

UBS0003AU 30/06/2009 20.50% 67.00% 12.50% - - - - - - -

30/06/2008 14.97% 61.65% 23.38% - - - - - - -

UBS Diversified Fixed Income Fund

SBC0007AU 30/06/2009 - 60.00% 40.00% - - - - - - -

30/06/2008 - 68.00% 32.00% - - - - - - -

UBS Global Infrastructure Securities Fund

UBS0011AU 30/06/2009 5.52% - - - - 13.55% - - - 80.93%

30/06/2008 5.52% - - - - 13.55% 80.93% - - -

UBS Global Property Securities Fund

UBS0008AU 30/06/2009 1.20% - - - 98.80% - - - - -

30/06/2008 13.92% - - - 86.08% - - - - -

UBS International Bond Fund SBC0819AU 30/06/2009 - 15.93% 84.07% - - - - - - -

30/06/2008 - 4.80% 95.20% - - - - - - -

UBS International Share Fund SBC0822AU 30/06/2009 1.42% - - - - - 98.58% - - -

30/06/2008 2.28% - - - - - 97.72% - - -

UBS Property Securities Fund SBC0816AU 30/06/2009 7.53% - - - 92.32% 0.15% - - - -

30/06/2008 10.01% - - - 89.99% - - - - -

UBS Protected Cash Fund UBS0017AU 30/06/2009 100.00% - - - - - - - - -


Vanguard Australian Fixed Interest Index Fund

VAN0001AU 30/06/2009 - 100.00% - - - - - - - -

30/06/2008 - 100.00% - - - - - - - -

Vanguard Australian Government Bond Index Fund

VAN0025AU 30/06/2009 - 100.00% - - - - - - - -


Vanguard Australian Shares High Yield Fund

VAN0104AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 - - - - - 100.00% - - - -

Vanguard Australian Shares Index Fund

VAN0002AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 - - - - - 100.00% - - - -

Vanguard Balanced Index Fund VAN0108AU 30/06/2009 21.70% 11.10% 16.80% - 6.20% 24.40% 19.80% - - -

30/06/2008 22.10% 11.00% 17.50% - 5.80% 23.80% 19.80% - - -

Vanguard Cash Reserve Fund VAN0020AU 30/06/2009 100.00% - - - - - - - - -

30/06/2008 100.00% - - - - - - - - -

Vanguard Conservative Index Fund

VAN0109AU 30/06/2009 41.80% 11.10% 17.10% - 3.90% 15.20% 10.90% - - -

30/06/2008 42.40% 11.30% 17.30% - 3.80% 14.50% 10.70% - - -

Vanguard Emerging Markets Share Index Fund

VAN0005AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 - - - - - - 100.00% - - -

Vanguard Growth Index Fund VAN0110AU 30/06/2009 1.90% 11.10% 16.90% - 7.80% 34.20% 28.10% - - -

30/06/2008 1.90% 10.90% 17.60% - 7.80% 34.20% 27.60% - - -

Vanguard High Growth Index Fund

VAN0111AU 30/06/2009 - 4.40% 5.80% - 10.20% 44.10% 35.50% - - -

30/06/2008 - 3.90% 6.00% - 10.00% 48.20% 31.90% - - -


37


Australian fixed

interest (%)

International fixed

interest (%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)


(%)


(%)

Absolute Return

(%)

Other (%)

Vanguard International Fixed Interest Index Fund (Hedged)

VAN0103AU 30/06/2009 - - 100.00% - - - - - - -

30/06/2008 - - 100.00% - - - - - - -

Vanguard International Property Securities Fund

VAN0018AU 30/06/2009 - - - - 100.00% - - - - -

30/06/2008 - - - - 100.00% - - - - -

Vanguard International Property Securities Index Fund (Hedged)

VAN0019AU 30/06/2009 - - - - 100.00% - - - - -

30/06/2008 - - - - 100.00% - - - - -

Vanguard International Share Index Fund (Hedged)

VAN0105AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 - - - - - - 100.00% - - -

Vanguard International Shares Index Fund

VAN0003AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 - - - - - - 100.00% - - -

Vanguard International Small Companies Index (Hedged)

VAN0022AU 30/06/2009 - - - - - - 100.00% - - -

30/06/2008 - - - - - - 100.00% - - -

Vanguard Property Securities Index Fund

VAN0004AU 30/06/2009 - - - - 100.00% - - - - -

30/06/2008 - - - - 100.00% - - - - -

Ventura Australian Shares Fund

RIM0021AU 30/06/2009 - - - - - 100.00% - - - -

30/06/2008 - - - - - 100.00% - - - -

Ventura Capital Stable Fund RIM0018AU 30/06/2009 30.00% 25.00% 15.00% - 3.00% 15.00% 12.00% - - -

30/06/2008 30.00% 25.00% 15.00% - 3.00% 15.00% 12.00% - - -

Ventura Diversified 50 Fund RIM0019AU 30/06/2009 15.00% 22.00% 13.00% - 5.00% 23.00% 22.00% - - -

30/06/2008 15.00% 22.00% 13.00% - 5.00% 23.00% 22.00% - - -

Ventura Growth 70 Fund RIM0020AU 30/06/2009 5.00% 15.00% 10.00% - 7.00% 32.00% 31.00% - - -

30/06/2008 5.00% 15.00% 10.00% - 7.00% 32.00% 31.00% - - -

Walter Scott Global Equity Fund

MAQ0410AU 30/06/2009 6.10% - - - - - 93.90% - - -

30/06/2008 3.07% - - - - - 96.93% - - -


MAQ0557AU 30/06/2009 6.10% - - - - - 93.90% - - -

30/06/2008 3.07% - - - - - 96.93% - - -

Winton Global Alpha Fund MAQ0482AU 30/06/2009 - - - - - - - - - 100.00%

30/06/2008 - - - - - - - - - 100.00%

Zurich Investments Australian Property Securities Fund

ZUR0064AU 30/06/2009 3.77% - - - 96.23% - - - - -

30/06/2008 2.80% - - - 97.20% - - - - -

Zurich Investments Australian Value Share Fund

ZUR0060AU 30/06/2009 2.13% - - - 4.57% 93.30% - - - -

30/06/2008 31.09% - - - 1.01% 67.90% - - - -

Zurich Investments Equity Income Fund

ZUR0538AU 30/06/2009 29.89% - - - 3.46% 66.65% - - - -

30/06/2008 41.08% - - - 3.04% 55.74% 0.14% - - -

Zurich Investments Global Small Companies Share Fund

ZUR0240AU 30/06/2009 1.33% - - - - - 98.67% - - -

30/06/2008 2.33% - - - - - 97.67% - - -

Zurich Investments Global Thematic Share Fund

ZUR0061AU 30/06/2009 9.93% - - - - - 90.07% - - -

30/06/2008 4.91% - - - - - 95.09% - - -

Zurich Investments Hedged Global Thematic Share Fund

ZUR0517AU 30/06/2009 15.51% - - - - - 84.49% - - -

30/06/2008 21.87% - - - - - 78.13% - - -

Zurich Investments Managed Growth Fund

ZUR0059AU 30/06/2009 9.74% 16.76% 5.18% - 8.72% 34.43% 25.17% - - -

30/06/2008 9.98% 16.98% 8.30% - 5.41% 34.65% 24.68% - - -

Zurich Investments Unhedged Global Thematic Share Fund

ZUR0518AU 30/06/2009 13.54% - - - - - 86.46% - - -

30/06/2008 8.38% - - - - - 91.62% - - -

n/a – Information for these options is not available

How the asset allocation is determinedThe asset allocation for each investment option is determined by the investment managers and provided directly by the investment managers.

Asset allocations can vary over time within ranges specified by the individual product issuers. Information on the asset allocation ranges for the individual investment options can be found in the Product Disclosure Statements available on ClientView or from your adviser. You should consider the Product Disclosure Statements before deciding to invest in, or switch between, investment options.

38

Investment strategies

Super and Pension Manager and Super Accumulator allow you to spread your super or pension account across many investment strategies, choosing from a range of investment options and product issuers. Generally, these strategies fall into one of the following categories:

Category Investment strategies

Sector-specific investments

CashFixed interestHybrid securitiesPropertyAustralian sharesInternational sharesAbsolute return

Multi-sector managed investments

ConservativeBalancedGrowth

Listed securities Approved ASX listed securities

The combination of investments you choose will be based on your individual circumstances. Information on the individual investment options can be found in the Product Disclosure Statements available on ClientView or from your adviser. You should consider the Product Disclosure Statements before deciding to invest in, or switch between, investment options.

Investment strategy Cash Fixed interest Hybrid securities

Objective Stable returns over the short term with a high level of capital security.

Higher returns than cash over the short to medium term predominantly via income.

Higher returns than traditional fixed interest investments over the medium term predominantly via income.

Strategy Short term money market securities and fixed interest securities with maturities of less than 12 months. Enhanced cash investments may hold securities with maturities greater than 12 months.

Government, semi-government, corporate, inflation-linked bonds and money market securities. Exposure to emerging markets, high yield debt and mortgages is also permissible. Diversified investments may hold a range of Australian and international securities. Mortgage investments primarily hold mortgage backed securities.

Subordinated corporate debt, high yield corporate bonds, convertible notes, convertible preference shares, mezzanine and emerging markets debt.

Potential return Low Moderate Moderate/high

Potential risk Low Moderate Moderate/high

Suggested minimum timeframe

No minimum 3 years 5 years

Key risks Returns may fluctuate, but capital security is high. The value of cash investments may be eroded by inflation over the long term. Securities with longer dated maturities increase the chance of negative returns in the short term.

Returns may be volatile in the short term. Over the long term inflation may erode the value of fixed interest investments. Emerging markets, high yield debt and mortgage securities increase the chance of negative returns in the short term.

Returns may be volatile in the medium term. Hybrid securities are generally of lesser credit quality and are more likely to default. There is a high risk of negative returns over the short term, resulting from a revaluation of securities.

Sub-category1 Cash■■

Enhanced■■

Australian■■

International■■

Diversified■■

Mortgages■■

Term deposits■■

Not applicable■■

1 These refer to the sub-categories into which the trustee has divided the investment menu, designed to assist you and your adviser select the appropriate investment option.

39

Investment strategy Property Australian shares International shares

Objective Returns consistently higher than inflation via income and capital growth.

High returns over the long term, via income and capital growth.

High returns over the long term, predominantly via capital growth.

Strategy Property trusts and property related securities listed on the ASX. Investments may also include unlisted property securities and direct property investments.

Shares and other securities primarily listed on the ASX. Investments may focus on specific sectors such as small companies or infrastructure assets. Leveraged investments use gearing to enhance returns. Specialist investments adopt differentiated strategies.

Shares and other securities primarily listed on stock exchanges across the globe including USA, Japan, Europe, Asia and emerging markets. Investments may focus on specific sectors, themes or geographical regions. Leveraged investments use gearing to enhance returns. Specialist investments adopt differentiated strategies. Exposure to foreign currency may be hedged or unhedged.

Potential return Moderate/high High High

Potential risk High High High


5 years 6 years 8 years

Key risks Returns may be volatile in the medium term. Unlisted and direct property investments are more volatile because reduced liquidity, investment gearing and limited diversification increase risk.

Returns may be volatile. Sector specific, leveraged and specialist investments are more volatile because limited diversification. Gearing and specialist investment strategies increase risk.

Returns may be volatile. Currency fluctuations further increase volatility for unhedged investments. Regional, sector specific, leveraged and specialist investments are more volatile because of limited diversification. Gearing and specialist strategies increase risk.

Sub-category Australian■■

International■■

Diversified■■

Industrial and resources■■

Small companies■■

Leveraged■■

Specialist■■

Global■■

Regional■■

Sector specific■■

Leveraged■■

Specialist■■

40

Investment strategy Conservative Balanced Growth

Objective Stable returns over the short to medium term via income and capital growth.

Moderate returns over the medium to long term via income and capital growth.

High returns over the long term via income and capital growth.

Strategy A diversified mix of income assets such as money market, fixed interest securities, and growth assets such as property and shares. The weighting to growth assets will generally not exceed 33%. May include absolute return, private equity and other alternative investments.

A diversified mix of income assets such as money market, fixed interest securities, and growth assets such as property and shares. The weighting to growth assets will generally fall between 33% and 67%. May include absolute return, private equity and other alternative investments.

A diversified mix of income assets such as money market, fixed interest securities, and growth assets such as property and shares. The weighting to growth assets will generally exceed 67%. May include absolute return, private equity and other alternative investments.

Potential return Moderate Moderate/high High

Potential risk Moderate Moderate/high High


3 years 5 years 7 years

Key risks Returns may be volatile in the short term. Over the long term inflation may erode the value of conservative investments. The higher the exposure to growth assets the higher the risk.

Returns may be volatile in the medium term. The higher the exposure to growth assets the higher the risk.

Returns may be volatile in the long term. The higher the exposure to growth assets the higher the risk.

Sub-category Not applicable■■ Not applicable■■ Not applicable■■

Investment strategy Absolute return Approved ASX listed securities

Objective Returns not correlated with traditional investment benchmarks.

High returns over the long term via income and capital growth.

Strategy Different absolute return investments adopt different strategies. Common strategies include the use of financial derivatives, gearing, security arbitrage, event driven investments and macroeconomic themes. Security selection will depend on the strategy, or combination of strategies, adopted by each investment manager.

Securities listed on the ASX, including shares, trusts, listed investment companies, exchange traded funds and instalment warrants.

Potential return High Very high

Potential risk High Very high


8 years 9 years

Key risks Returns may be volatile in the long term. Even though absolute return investments target consistent returns they are generally less regulated than other managed investments and more dependent upon the skill of individuals.

Returns may be volatile. Even though ASX listed securities may produce high long term returns, the returns of individual securities can vary significantly from the performance of the market as a whole. Limited diversification and investments in small companies and derivative securities can further increase risk.

Sub-category Not applicable■■ Not applicable■■

41

Legislative updatesDuring the course of the 2008-09 financial year, the Parliament enacted legislation that:

changed certain income tests to take account of salary ■■

sacrifice and certain other employer super contributions. Examples of tests affected include the Government’s super co-contribution and the ‘10% test’ for personal deductible super contributions. The changes are effective from 1 July 2009. For further information about how they may affect you, we recommend you speak to your adviser.

reduced the maximum co-contribution rate from 150% ■■

to 100% for personal contributions made in the 2009-10, 2010-11 and 2011-12 financial years. In 2012-13 and 2013-14, the matching rate will increase to 125% and in 2014-15 and beyond, it will return to 150%.

halved the annual concessional contribution cap with ■■

effect from 1 July 2009. This change means that the concessional cap is now $25,000 per year and the transitional concessional contribution cap (available until the financial year ending 30 June 2012 to those aged 50 or more in a financial year) is $50,000 per year.

changed the treatment of superannuation for ■■

temporary residents and former temporary residents from 1 April 2009, including:

higher tax rates when super is withdrawn on permanent ■■

departure from Australiaincreased restrictions on accessing super benefits ■■

a requirement to transfer accounts to the ATO ■■

as unclaimed money after 6 months following permanent departure.

halved the minimum required pension payment amount ■■

for account based, allocated and term allocated income streams for the 2008-09 and 2009-10 financial years.

The Government has announced the following changes which, at the time this report was prepared, have not yet become law:

A requirement for super funds pay the balances of certain ■■

lost and small balance accounts to the ATO as unclaimed money, the first payment of which would be required in the 2010-11 financial year.

The establishment of a trans-Tasman portability scheme ■■

to allow Australians and New Zealanders to transfer their retirement savings across the Tasman when they move.

Transitional relief to allow superannuation funds to ■■

continue claiming a full deduction for total and permanent disablement (TPD) insurance premiums for policies held within super. From 1 July 2011 when the transitional relief will end, TPD premiums will only be tax deductible to funds to the extent that they relate to the fund’s liability to pay a disability superannuation benefit as defined in tax legislation.

Important informationRecent changes to Super and Pension Manager and Super Accumulator

LiquidityCertain investments may be difficult to purchase or sell, preventing closing out a position or rebalancing within a timely period and at a fair price. Choosing an investment that has low liquidity or is not priced on a daily basis may affect your investments’ capacity to pay your pension or the timeframe within which we can process any future request from you to roll over or transfer part or all of your benefit. It is important that you understand this consequence before you select this type of investment. While an investment may be liquid at the time of purchase, there is a risk that the investment may become illiquid at a point in the future. Refer to the underlying PDS for each investment option for further details on the funds liquidity. For term deposits, liquidity risk is the risk of not being able to access your investment in a term deposit prior to the maturity date. There are restrictions on breaking a term deposit held in your account and this is outlined in the Super and Pension Manager PDS.

Suspended and closed fundsOver the past year, extraordinary market conditions and actions by Government bodies have forced Product Issuers to suspend a large number of managed investments to applications and redemptions. The mortgage sector was the first to experience a large number of redemptions due to the introduction of the guarantee on bank deposits and subsequent actions by other parties which incited uncertainty in the market. The global credit crisis began to have a strong negative impact on property markets and hedge fund managers. Growing pressure on valuations forced a number of direct property managers to experience liquidity issues and falling asset values in equity and fixed income markets made it difficult for hedge fund managers to trade and therefore a need to suspend managed investments to redemptions. These events have heightened the issues the industry is now facing in terms of investor concern over the loss of wealth and the lack of access to liquidity.

Trustee and fund management informationDuring the 2008~2009 financial year, the Fund held the following assets directly or indirectly with a value of greater than 5% of the Fund’s total assets:

the combined investments in all trusts for which ■■

Macquarie Investment Management Limited acts as responsible entity ($1.843b)

the combined investments in Macquarie Wrap Solutions ■■

Cash Account ($1.439b)

the combined investments in Macquarie Life Limited ■■

($0.577b) and

the combined investments in Dimensional Funds Australia ■■

Limited ($1.026b).

42

Should your benefit be transferred to the Super Safeguard Eligible Rollover Fund:

your interest in the Fund, including your insurance cover, ■■

will cease

you will become a member of the Super Safeguard Eligible ■■

Rollover Fund and will be subject to its governing rules

your account will be invested according to the investment ■■

strategy of the Super Safeguard Eligible Rollover Fund

the Super Safeguard Eligible Rollover Fund may charge ■■

fees to your account and

you may not be offered insurance cover.■■

You should refer to the Product Disclosure Statement for the Super Safeguard Eligible Rollover Fund for more information.

We reserve the right to change the chosen ERF without notice to you.

If you have a complaintWe have arrangements for dealing with your enquiries and complaints. If you have a complaint:

contact your adviser and discuss your enquiry or ■■

complaint with them

if you are not satisfied with the result, you may telephone ■■

us on 1800 025 063 or

it may then be necessary to write to us. We will ordinarily ■■

respond to your written enquiry or complaint within 45 days of receipt.

If you are still not satisfied with our response after 90 days, you may wish to refer the matter to the Superannuation Complaints Tribunal, an independent body set up by the Federal Government to review trustee decisions relating to individual members. You can contact the tribunal by telephoning 1300 780 808.

Use of derivativesSuper and Pension Manager and Super Accumulator invest in a number of collective investments. These collective investments are managed by Macquarie and external investment managers. Some of these collective investments invest in derivatives.

Derivatives used by the collective investments are outlined in each PDS.

External investment managers employed by Macquarie have provided their own Derivative Risk Management Statement (DRMS) documents or equivalent information to Macquarie. Should you require further information, a copy of the Macquarie Collective Investment DRMS is available free of charge from your adviser or from Macquarie.

Derivatives used by the external investment managers of the collective investments are set out in the DRMS (Part B) supplied by each of the individual investment managers. A file containing these DRMS’ is available from Macquarie on request.

Macquarie is satisfied that the DRMSs do not reveal any material inconsistencies with the investment strategies of Macquarie Super and Pension Manager and Macquarie Super Accumulator.

Subject to the trustees limits referred to in the PDS, where the trustee is satisfied that they meet the applicable investment strategy, the trustee may effect investments in instalment warrants or other derivatives.

Eligible Rollover FundThe trustee has elected to pay all accounts with a balance under $10,000 (for Super Manager) or $1,200 (for Super Accumulator) to an Eligible Rollover Fund (ERF), which accepts and protects small amounts. The ERF chosen is called the Super Safeguard Eligible Rollover Fund.

The Super Safeguard Eligible Rollover Fund is administered by Primary Superannuation Services Limited ABN 32361309012 AFSL 238827. APRA has approved the Super Safeguard Eligible Rollover Fund to operate as an ERF. The trustee is Trust Company Superannuation Services Limited ABN 49006421638 AFSL 235153.

Trust Company Superannuation Services Limited will protect your benefits from erosion due to fees and charges under member benefit protection rules. Should your benefit be transferred to the Super Safeguard Eligible Rollover Fund all subsequent enquiries relating to your benefit should be directed to:

Super Safeguard Eligible Rollover Fund GPO Box 3426 Melbourne Victoria 3001

Phone: 1300 135 181 Fax: 1300 135 191 Email: [email protected] Website: www.supersafeguard.com.au

43

Financial statements of the Macquarie Superannuation Plan

Operating statement for the year ended 30 June 2009

Note 2009 $’000

2008 $’000

Investment revenue

Changes in the net market value of investments 10 (1,244,072) (1,603,380)

Distributions from unit trusts 312,098 535,596

Dividends 57,969 58,466

Interest 5,440 –

Total investment revenue (868,565) (1,009,318)

Contributions revenue

Employer contributions 215,637 201,073

Members’ contributions 363,731 619,352

Transfers from other Funds 637,534 1,183,902

Total contributions revenue 1,216,902 2,004,327

Total revenue from ordinary activities 348,337 995,009

Expenses from ordinary activities

Other costs 5 88,694 99,449

Superannuation contributions surcharge 182 720

Total expenses from ordinary activities 88,876 100,169

Benefits accrued as a result of operations before income tax 259,461 894,840

Income tax (benefit)/expense 4 18,633 (74,459)

Benefits accrued as a result of operations 240,828 969,299

The above operating statement should be read in conjunction with the accompanying notes.

44

Statement of financial position as at 30 June 2009

Note 2009 $’000

2008 $’000

Investments 6 7,408,899 7,938,431

Other assets

Cash 60 118

Debtors 45,468 101,293

Current tax asset 4 14,219 17,761

Deferred tax asset 4 47,997 36,557

Total other assets 107,744 155,729

Total assets 7,516,643 8,094,160

Trade and other payables

Creditors 16,464 8,491

Total liabilities 16,464 8,491

Net assets available to pay benefits 7,500,179 8,085,669

Represented by:

Liability for accrued benefits

Allocated to members' accounts 7 7,500,179 8,085,669

The above statement of financial position should be read in conjunction with the accompanying notes.

45

Statement of cash flows for the year ended 30 June 2009

Note 2009 $’000

Inflows/ (Outflows)

2008 $’000

Inflows/ (Outflows)

Cash flows from operating activities

Contributions and transfers from other Funds 1,216,466 2,004,118

Benefit payments (808,864) (1,006,435)

Other unitholder transactions paid (106,930) (113,597)

Dividends and distributions received 439,671 609,220

Tax paid (13,484) (56,635)

Net cash inflow from operating activities 13 726,859 1,436,671

Cash flows from investing activities

Payments for purchase of investments (5,500,349) (7,584,777)

Proceeds from sales of investments 4,773,432 6,146,274

Net cash outflow from investing activities (726,917) (1,438,003)

Net increase/(decrease) in cash held (58) (1,332)

Cash at the beginning of the financial year 118 1,450

Cash at the end of the financial year 13 60 118

The above statement of cash flows should be read in conjunction with the accompanying notes.

46

1. Summary of significant accounting policies

The accounting policies set out below have been applied in preparing the financial statements for the year ended 30 June 2009 and the comparative information presented in these financial statements for the year ended 30 June 2008.

(a) Statement of compliance

The financial statements are general purpose statements which have been drawn up in accordance with applicable Australian accounting standards including AAS25 “Financial Reporting by Superannuation Funds” (“AAS25”) as amended by AASB 2005-13 “Amendments to Australian Accounting Standards [AAS 25]”, the Superannuation Industry (Supervision) Act 1993 and Regulations and the provisions of the Trust Deed.

Compliance with IFRS

Australian Accounting Standards include Australian equivalents to International Financial Reporting Standards (AIFRS). Compliance with AIFRS ensures that the financial report, comprising the financial statements and notes thereto, complies with International Financial Reporting Standards. Since AAS25 is the principal standard that applies to the financial statements, other standards, including AIFRS, are also applied where necessary except to the extent that they differ from AAS25.

Unless otherwise stated, the accounting policies adopted are consistent with those of the previous year. Comparative information is reclassified where appropriate to ensure comparability.

New accounting standards and interpretations

Certain new accounting standards and interpretations have been published that are not mandatory for 30 June 2009 reporting periods. The Trustee’s assessment of the impact of these new standards (to the extent relevant to the Fund) and interpretations is set out below:

(i) AASB 8 Operating Segments and AASB 2007-3 Amendments to Australian Accounting Standards arising from AASB 8 [AASB 5, AASB6, AASB 102, AASB 107, AASB 119, AASB 127, AASB 134, AASB 136, AASB 1023 & AASB 1038]

AASB 8 and AASB 2007-3 are applicable to annual reporting periods beginning on or after 1 January 2009. The Fund has not adopted these standards early. Application of these standards will not affect any of the amounts recognised in the financial statements, but may affect the segment disclosures.

(ii) AASB 101 Presentation of Financial Statements (Revised)

AASB 101 (Revised) is applicable to annual reporting period beginning on or after 1 January 2009. The Fund has not adopted this standard early. Application of this standard will not affect any of the amounts recognised in the financial statements.

(iii) AASB 2009-2 Amendments to Australian Accounting Standards – Improving Disclosures about Financial Instruments (effective for annual periods beginning on or after 1 January 2009).

In April 2009, the AASB published amendments to AASB 7 Financial Instruments: Disclosures to improve the information that entitles report about their liquidity risk and the fair value of their financial instruments. The amendments require fair value measurement disclosures to be classified into a new three-level-hierarchy and additional disclosures for items whose fair value is determined by valuation techniques rather than observable market values. The AASB also clarified and enhanced the existing requirements for the disclosure of liquidity risk of derivatives. The Fund has not early adopted the amendments. The amendments will not affect any of the amounts recognised in the financial statements but may affect certain disclosures.

(b) Functional and presentation currency

The financial statements are presented in Australian dollars, which is the functional currency of the Fund. Amounts have been rounded to the nearest thousand dollars except where otherwise noted.

(c) Use of estimates and judgements

In the application of Accounting Standards, including AIFRS, management is required to make judgements, estimates and assumptions about carrying values of assets and liabilities that are not readily apparent from other sources.

The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements made by management in the application of Accounting Standards that have significant effects on the financial statements and estimates with a significant risk of material adjustments in the next year are disclosed, where applicable, in the relevant notes to the financial statements.

Accounting policies are selected and applied in a manner, which ensures that the resulting financial information satisfies the concepts of relevance and reliability, thereby ensuring that the substance of the underlying transactions or the other events is reported.

(d) Investments

Investments in listed equities are stated at net market ■■

value and are valued by reference to the relevant market quotation at the reporting date.

Notes to and forming part of the financial statements for the year ended 30 June 2009

47

Investments in unlisted unit trusts are valued by reference ■■

to the prevailing redemption prices at the reporting date.

Investments in the life policy issued by Macquarie ■■

Life Limited are valued by reference to the prevailing redemption prices as at the balance sheet date.

The fair value of investments approximates the net market value.

(e) Revenue

Unit trust distributions are brought to account on an accrual basis. Contributions and transfers from other funds are brought to account when received. Dividends are recognised in the accounts of the Fund on the announced ex-dividend date. Changes in the net market value of investments are recognised in the operating statement in the periods in which they occur.

(f) Liability for accrued benefits

The liability for accrued benefits is the Fund’s present obligation to pay benefits to members and beneficiaries and has been calculated as the difference between the carrying amounts of the assets and the carrying amount of the sundry liabilities and income tax liabilities as at the reporting date.

(g) Income tax

The Fund is a complying superannuation fund within the provisions of the Income Tax Assessment Act. Accordingly, the concessional tax rate of 15% has been applied on net investment earnings from unit trusts and equities, employer contributions and capital gains, with deductions allowable for administration and certain other expenses.

Deferred income tax is provided on temporary differences at the balance date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.

Deferred income tax liabilities are recognised for all taxable temporary differences except where the deferred income tax liability arises from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss.

Deferred income tax assets are recognised for all deductible temporary differences, carry-forward of unused tax assets and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carry-forward of unused tax assets and unused tax losses can be utilised, except where the deferred income tax asset relating to the deductible temporary difference arises from the initial recognition of an asset or a liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor the taxable profit or loss.

The carrying amount of deferred income tax assets is reviewed at each balance date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilised.

Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realised and the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the balance date.

(h) Goods and Services Tax (GST)

Where applicable, GST incurred by the Fund that is not recoverable from the Australian Taxation Office, has been recognised as part of the expense to which it applies. Receivables and payables are stated with any applicable GST included in their carrying amounts.

The amount of any GST recoverable from, or payable to, the Australian Taxation Office is included as an asset or liability in the statement of financial position.

(i) Other Debtors and Creditors

Other debtors are recognised at the amounts receivable, which approximate net fair value. Other creditors represent liabilities for goods and services provided to the fund prior to the end of the financial year and which are unpaid. The amounts are unsecured. Other debtors and creditors are subject to normal trade credit terms.

j) Superannuation contributions surcharge

Prior to 1 July 2005, under the Superannuation Contributions Tax (Assessment and Collection) Act 1997, the holder of surchargeable contributions for the financial year is liable to pay the superannuation contributions surcharge. The surcharge is levied on surchargeable contributions depending on the individual member’s Adjusted Taxable Income. The Fund has recognised the surcharge as an expense and liability when the assessment is received from the Australian Taxation Office. No assessed surcharge liability remains unpaid at year end.

With effect from 1 July 2005, the Superannuation Contributions Surcharge has been abolished. This means that a surcharge will not be issued in respect of any surchargeable contributions made or received from 1 July 2005.

No additional superannuation contributions surcharge liability in respect of surchargeable contributions made prior to 1 July 2005, has been recognised at year end as the Trustee considers that it cannot be reliably measured. There is insufficient information to provide a reliable indication of the future surcharge expense at year end due to various factors such as that the member’s taxable income is unknown, and the number and turnover of members varies from year to year.

48

(k) Cash

For the purpose of the cash flow statement, cash includes cash deposits that are readily convertible to cash on hand and which are used in the cash management function on a day-to-day basis.

2. Nature of the Fund and funding arrangements

Macquarie Superannuation (“the Fund”) is a defined contribution fund which provides benefits to its members under a Trust Deed dated 29 May 1992. Contributions to the Fund by employers and members are made in accordance with the terms of the Trust Deed.

The Fund consists of:

Macquarie Superannuation Division – SuperOptions ■■

Super/Pension

Wrap Superannuation Division – Wrap Super Manager/■■

Wrap Pension Manager

Wrap Division Super Accumulator – Macquarie ■■

Super Accumulator

FutureWise Super Division.■■

3. Financial Risk Management

(a) Strategy in using financial instruments

The Fund’s activities expose it to a variety of financial risks (including currency risk, interest rate risk and price risk), credit risk and liquidity risk.

The Fund’s overall risk management programme focuses on ensuring compliance with the Fund’s Product Disclosure Statement and seeks to maximise the returns derived for the level of risk to which the Fund is exposed.

Investments within the Wrap product of the Fund are member-directed based on member-selected financial advisors.

(b) Market Risk

(i) Price risk

The Fund’s investments are susceptible to market price risk. The Fund trades in financial instruments, taking positions in unlisted trusts, ASX listed securities and bank term deposits.

For investors through Macquarie Wrap products, the Trustee moderates this risk through a delegated committee that reviews new investments, and through the application of specified trustee limits on those investments at the time a member seeks to acquire an interest in those investments. When determining whether a member’s proposed investment is within the trustee limits, the most up to date price available for that investment is used. The maximum risk resulting from financial instruments is determined by the net market value of the financial instruments. For investors through

Macquarie SuperOptions, the Trustee ensures that price risk is consistent with the disclosure in the Fund’s Product Disclosure Statement by ensuring that the Fund is fully invested in underlying trusts.

Price sensitivity is calculated on a consolidated basis. At 30 June 2009, the Fund’s market risk is affected by changes in market prices. If the relevant indices (including the S&P/ASX 200 Accumulation index, the MSCI World ex Aus Index, the UBS Composite Bond Index, the UBS Bank Bill index and the S&P/ASX 200 GICS Property Accumulation Index) at 30 June 2009 had increased by 15% (2008: 15%) with all other variables held constant, this would have increased net assets attributable to members by approximately $1,087,868,000 (2008: $1,205,959,000). Conversely, if the relevant indices (including the S&P/ASX 200 Accumulation index, the MSCI World ex Aus Index, the UBS Composite Bond Index, the UBS Bank Bill index and the S&P/ASX 200 GICS Property Accumulation Index) at 30 June 2009 had decreased by 15% with all other variables held constant, this would have decreased net assets attributable to members by approximately $1,087,868,000 2008: $1,205,959,000).

The reasonably possible movements in the risk variables have been determined based on the Trustee’s best estimates, having regard to the average absolute annual returns of the relevant indices in local terms.

(ii) Foreign exchange risk

The Fund is not directly exposed to foreign exchange risk as all assets are denominated in Australian dollars.

Investments of the Fund in unlisted trusts and ASX listed equities may be indirectly exposed to foreign exchange risk, where the value of underlying assets and liabilities within these entities may be subject to fluctuation as a result of foreign currency movements.

(iii) Interest rate risk

The Fund directly invests in term deposits, and these are not subject to significant amounts of interest risk due to the fixed interest nature of the investment and the relatively short duration of these assets.

Investments in the other cash accounts will have their interest payments fluctuate in accordance with the prevailing levels of short term market interest rates.

Investments of the Fund in unlisted trusts and ASX listed equities may be indirectly exposed to interest rate risk, where the value of underlying assets and liabilities within these entities may be subject to fluctuation as a result of fluctuations in prevailing interest rates.

49

(c) Credit risk

Credit risk arises from the Fund’s direct investment in bank term deposits. This is considered to be low risk due to the credit rating of the selected institution. None of these assets are impaired nor past due but not impaired.

Investments in unlisted trusts and ASX listed equities may be indirectly exposed to credit risk, where the value of underlying assets within these securities may fluctuate as a result of changes in the credit worthiness of financial assets held.

The Fund does not have any significant exposure to any individual counterparty or industry.

(d) Liquidity risk

The Fund is exposed to daily cash payments of member benefits. The majority of its investments are in assets that can be readily disposed of. The total liabilities for vested benefits of $7,500,179,000 (2008: $8,085,669,000) has a contractual maturity of less than 1 month. This is the earliest date on which the Fund can be required to pay members’ vested benefits. However members may not necessarily call upon amounts vested to them during this time.

Member investments however are exposed to the risk that they may not be able to redeem their investments in the event that an unlisted trust places a restriction on redemptions, or an ASX listed security is suspended and/or there is insufficient liquidity in the ASX market. As with price risk, the trustee moderates this risk by the application of trustee limits on specific asset types at the time a member seeks to invest in an asset.

(e) Fair value estimation

The carrying amounts of the Fund’s assets and liabilities at the balance sheet date approximate their fair values.

Refer to note 1 for the methods and assumptions adopted in determining the values of investments and other assets and liabilities.

4. Income tax

(a) Major components of tax expense

2009 $’000

2008 $’000

Current tax 28,232 10,831

Adjustment to current tax for prior periods

1,841 2,873

Deferred tax income relating to the origination and reversal of temporary differences

(88,163) (29,759)

Income tax (benefit)/expense 18,633 (74,459)

(b) A reconciliation of income tax expense and benefits accrued as a result of operations

2009 $’000

2008 $’000

Benefits accrued as a result of operations before tax

259,461 894,840

Prima facie income tax on net income calculated at 15%

38,919 134,226

Tax effect of income that is not assessable in determining taxable income

Non (assessable) ■■

deductible (revenue)/loss*39,314 10,575

Exempt loss/(income)**■■ 66,872 74,481

Member contributions■■ (54,560) (92,903)

Transfers from other funds■■ (95,630) (177,585)

Franking credits■■ (18,215) (31,726)

Tax effect of expenses that are not deductible in determining taxable income

Non deductible expenses■■ 4,842 5,492

Superannuation ■■

contributions surcharge26 108

Tax effect of other adjustments

Unrecognised tax losses■■ 35,224 –

Under/(Over) provision ■■

prior periods1,841 2,873

Income tax (benefit)/expense 18,633 (74,459)

* This includes income tax on income earned on the investment held as part of the life policy with Macquarie Life Limited and is paid by Macquarie Life Limited.

** Pension Fund is tax exempt on investment earnings.

(c) Deferred tax assets

2009 $’000

2008 $’000

The amount of deferred tax asset recognised in the Statement of Financial Position:

Unrealised/realised capital losses 47,997 36,557

1 For administrative purposes, units have been reported as valued at 1 cent per unit from 1 October 2007.

50

5. Expenses of the fund

2009 $’000

2008 $’000

Management fees 33,867 36,394

Adviser fees 54,762 62,941

Other 65 114

88,694 99,449

In addition to the above management fee, a management fee has been calculated and deducted by Macquarie Life Limited from the carrying value of the Fund’s investment in life insurance policies issued by Macquarie Life Limited. This management fee is deducted against the Fund’s investments in insurance policies issued by Macquarie Life Limited in accordance with the trust deed and the policy document. This amounted to $11,056,258 in the current year (2008: $13,805,331).

For all investment options with the exception of the deposit fund, a fee of up to 3.5% is deducted from each premium payment paid by Macquarie Superannuation to Macquarie Life Limited.

6. Investments

2009 $’000

2008 $’000

Wholesale Superannuation Funds Management Policies*

577,360 701,255

Term Deposit 201,913 –

Investment options offered by Macquarie Super/Pension Manager**

■ unlisted unit trusts 3,630,857 4,318,612

■ related unit trusts managed by Macquarie Investment Management Limited

1,843,622 1,758,093

■ listed equities 1,155,147 1,160,471

7,408,899 7,938,431

* Macquarie SuperOptions Super/Pension invest into life insurance policies issued by Macquarie Life Limited.

** Macquarie Wrap Super Manager and Macquarie Wrap Pension Manager invest into unlisted unit trusts and listed equities.

7. Liability for accrued benefits

2009 $’000

2008 $’000

Changes in the liability for accrued benefits:

Liability for accrued benefits at the beginning of the financial year

8,085,669 8,136,992

Plus: benefits accrued as a result of operations

8,136,992 969,299

Less: benefits paid (808,864) (1,006,435)

Other unitholders transactions (17,454) (14,187)

Liability for accrued benefits at the end of the financial year

7,500,179 8,085,669

Represented by:

Macquarie Wrap Super Manager* 3,383,920 3,624,206

Macquarie Wrap Pension Manager

3,540,654 3,763,113

SuperOptions Superannuation 331,821 387,911

SuperOptions Pension 243,784 310,439

8,085,669 8,136,992

* includes Macquarie Super Accumulator

8. Vested benefits

Vested benefits are benefits which are not conditional upon continued membership of the Fund (or any other factor other than resignation from the Fund) and include benefits which members were entitled to receive had they terminated their Fund membership as at the reporting date.

2009 $’000

2008 $’000

Vested benefits 7,500,179 8,085,669

9. Guaranteed benefits

No guarantees have been made in respect of any part of the liability for accrued benefits.

10. Changes in the net market value of investments

2009 $’000

2008 $’000

Investments held at year end (1,024,685) (1,524,791)

Investments realised during the period

(219,387) (78,589)

(1,244,072) (1,603,380)

51

11. Segment information

The Fund operates solely in the investment management industry in Australia. While the Fund’s direct investments are Australian based, these investments may from time to time expose the Fund indirectly to investments based outside Australia.

12. Related parties

The Trustee of the Fund is Macquarie Investment Management Limited (MIML) ABN 66 002 867 003. The following persons held office as directors of Macquarie Investment Management Limited during the year or since the end of the year and up to the date of this report:

B N Terry N Roderick P Maher (resigned 05/05/2009) R Cartwright V Malley B Bruck (resigned 18/08/2008) C Vignes (appointed 18/08/2008) M Rady (appointed 13/10/2008)

The related party investments below are member-directed based on member-selected financial advisors.

There were no transactions between the trustee and the Fund or the directors of the trustee and the Fund, except as follows:

(a) The Fund enters into transactions with related parties through the units held in life policies issued by Macquarie Life Limited, a related entity of the trustee and shares held in Macquarie Bank Limited. These transactions are entered into with Macquarie Bank Limited or entities it controls on normal commercial terms and include the payment of management fees as described in note 5.

The trustee is the manager of investment assets held by Macquarie Life Limited. Full details of the Fund’s investments are set out in note 6.

(b) The Fund also maintains a cash account with Macquarie Bank Limited, the intermediate parent entity of the trustee. The balance in this cash account at year end is $201,913,187 (2008: $14,073,842).

(c) The Trustee has appointed Bond Street Custodians Limited (BSCL) ABN 57 008 607 065 to hold the Fund’s investments in custody. BSCL is a wholly owned subsidiary of Macquarie Bank Limited.

(d) The Fund invests into the following trusts for which Macquarie Investment Management Limited acts as responsible entity:

2009 $’000

2008 $’000

Arrowstreet Global Equity 668 707

Arrowstreet Emerging Markets Fund 2,723 1,700

CSL Active Commodities Fund – 802

EII Global Property Fund 3,020 3,543

Macquarie Lazard Master Global Equity Fund

1,034 792

Macquarie Active Plus Equities Fund 35 47

Macquarie Asian Alpha Fund 2,669 –

Macquarie Australian Equity Income Fund

239 –

Macquarie Australian Small Companies Fund

2,821 5,383

Macquarie Concord Australian Equity Fund

5,592 6,910

Macquarie Diversified Equity Fund – 1,698 1,683

Accumulated (2003 Series) 952 1,044

Macquarie Diversified Equity Fund – 610 643

Accumulated (2004 Series) 748 851

Macquarie Diversified Equity Fund – 3 18

Pension (2003 Series) 132 147

Macquarie Global Infrastructure Trust 3 3

Macquarie Global Infrastructure Trust II 1,709 1,988

Macquarie Global Private Equity Fund 41 284

Macquarie Global Property Securities Fund (hedged)

14 49

Macquarie Globalis BRIC Adv Hedged

1,785 2,029

Macquarie Globalis BRIC Adv Unhedged

703 932

Macquarie Income Opportunities Fund 2,578 501

Macquarie Index-Linked Property Securities Fund

3,482 2,694

Macquarie Master Alpha Plus Fund 13 28

Macquarie Master Balanced Fund 1,746 2,235

Macquarie Master Capital Stable Fund 1,121 1,385

Macquarie Master Cash Fund 31,999 36,050

Macquarie Master Cash Plus Fund 553 646

Macquarie Master Diversified Fixed Interest Fund

22,804 21,672

Macquarie Master Fixed Interest Fund 3,323 4,735

Macquarie Master Geared Growth Fund

119 289

continued on next page

52

2009 $’000

2008 $’000

Macquarie Master Imputation Fund 34 68

Macquarie Master Property Securities Fund

2,956 6,552

Macquarie Master Small Companies Fund

104 198

Morgan Stanley Global Franchise 19,482 29,272

Macquarie Special Events Fund 184 –

Premium China Fund 29,786 24,683


1,439,906 1,293,683

Macquarie True Index Australian Fixed Interest Fund

46,795 56,608

Macquarie True Index Australian Shares Fund

18,793 28,099

Macquarie True Index Global Bond Fund

3,140 3,557

Macquarie True Index Linked Australian Shares

2,270 702

Macquarie True Index Listed Property Fund

4,232 9,413

Macquarie Walter Scott Global Equity Fund

24,646 28,923

Macquarie Winton Global Alpha Fund 13,761 1,653

Macquarie International Infrastructure Securities Fund

9,507 14,881

Van Eyk Blueprint Australian Shares Fund

16,605 16,198

Van Eyk Blueprint International Shares Fund

10,625 14,275

Van Eyk Blueprint Alternatives Fund 1,383 15,816

Van Eyk Blueprint Balanced Fund 62,158 81,222

Van Eyk Blueprint Capital Stable Fund

11,669 12,105

Van Eyk Blueprint Diversified Income 2,937 –

Van Eyk Blueprint Gold Bullion 407 –

Van Eyk Blueprint High Growth Fund

20,827 22,681


8,790 58

1,843,623 1,758,093

The Fund also has $6,553,000 (2008: $10,665,000) in debtors for the above funds in respect of distributions receivable at year end.

(e) The Fund invests into the following shares which are related parties to the Fund:

2009 $’000

2008 $’000

Macquarie Group Limited 31,867 23,227

Macquarie Winton Global Opportunities Trust

1,112 1,354

European Investors Global Property Trust

– 856

Macquarie Capital Protected ALPS 299 313

Macquarie Capital Protected ALPS Series 2

186 213

Macquarie Airports 4,666 4,323

Macquarie Airports TICKETS 2,665 1,063

Macquarie Income Securities 2,181 2,806

Macquarie Communications Infrastructure Group

3,445 3,813

Macquarie Capital Alliance Group – 1,145

Macquarie Countrywide Trust 871 1,320

Macquarie DDR Trust 145 287

Macquarie Fortress Australia Notes Trust

458 489

Macquarie Infrastructure Group 4,547 7,138

Macquarie Leisure Trust 512 478

Macquarie Media Group 749 2,631

Macquarie Office Trust 1,815 4,553

Macquarie CPS Trust 9,981 607

65,499 56,616

(f) The Fund invests into the following term deposits with Macquarie Bank Limited:

2009 $’000

2008 $’000

Macquarie Term Deposit 201,913 14,074

201,913 14,074

53

13. Cash flow notes

a) Reconciliation of net cash flows from operating activities to benefits accrued as a result of operations

2009 $’000

2008 $’000

Benefits accrued as a result of operations

240,828 969,299

(Profit)/losses on investments 1,244,072 1,603,380

Benefits paid (808,864) (1,006,435)

Other unit holder transactions (17,454) (14,187)

Increase in creditors 7,973 879

Decrease in receivables 55,825 15,102

Increase/(decrease) in tax provisions

4,479 (131,367)

Net cash inflows from operating activities

726,859 1,436,671

b) Components of cash

2009 $’000

2008 $’000

Cash at the end of the financial year as shown in the cash flow statements is reconciled to the statement of financial position as follows:

Cash at bank 60 118

15. Remuneration of auditors

2009 $’000

2008 $’000

Remuneration for audit of financial report, APRA returns,compliance with SIS and APRA licence.

66,851 72,482

Fees for the audit were paid by Macquarie Investment Management Limited. The auditors, PricewaterhouseCoopers, did not provide any other services to the Fund.

15. Commitments and contingent liabilities

There are no commitments as at 30 June 2009 (2008: $Nil). There are no contingent liabilities as at 30 June 2009 (2008: $Nil).

16. Events subsequent to balance date

There have been no significant events that have occurred after the reporting date that affects the interpretation of the financial information contained in these financial statements.

54

In the opinion of the Directors of the Trustee Company, Macquarie Investment Management Limited, of Macquarie Superannuation:

i) the financial statements set out on pages 3 to 22 are drawn up so as to present fairly in accordance with applicable Accounting Standards and other mandatory professional reporting requirements the financial position of the Macquarie Superannuation as at 30 June 2009 and the benefits accrued as a result of its operations and its cash flows for the year then ended;

ii) the financial statements have been prepared in accordance with the full provisions of Australian Accounting Standards AAS 25, Financial Reporting by Superannuation Funds, other relevant Australian General Accepted Accounting Principles, Australian Equivalents to International Financial Reporting Standards, the provisions of the Trust Deed, and relevant legislative requirements; and

iii) the Fund has complied with the requirements of the Trust Deed dated 29 May 1992, as amended, and with the applicable provisions of the Superannuation Industry (Supervision) Act 1993 and Regulations, and the Corporations Act 2001 and Regulations and Guidelines during the year ended 30 June 2009.

This statement is made in accordance with the resolution of the directors of the trustee company.

B.N. Terry N. Roderick Director Director

Sydney 28 October, 2009

Trustee’s statement

55

Independent report by approved auditor to the trustee and members

(A) Financial Statements

I have audited the financial statements of Macquarie Superannuation or the year ended 30 June 2009 comprising:

Statement of Financial Position■■

Operating Statement■■

Statement of Cash Flows■■

Notes to and forming part of the Financial Statements ■■

Trustee’s Responsibility for the Financial Statements

The superannuation entity’s trustee is responsible for the preparation and fair presentation of the financial statements in accordance with Australian Accounting Standards (including the Australian Accounting Interpretations) and the requirements of the SIS Act and the Superannuation Industry (Supervision) Regulations 1994 (SIS Regulations). The trustee’s responsibility includes establishing and maintaining internal controls relevant to the preparation and fair presentation of the financial statements that are free from material misstatement, whether due to fraud or error, and making accounting estimates that are reasonable in the circumstances.

Auditor’s Responsibility

My responsibility is to express an opinion on the financial statements based on my audit. I have conducted an independent audit of the financial statements in order to express an opinion on them to the trustee and members of the Macquarie Superannuation.

My audit has been conducted in accordance with Australian Auditing Standards. These Auditing Standards require that I comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free of material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal controls relevant to the trustee’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the trustee’s internal controls. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the trustee, as well as evaluating the overall presentation of the financial statements.

I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion.

In my opinion, the financial statements present fairly, in all material respects, in accordance with Australian Accounting Standards (including the Australian Accounting Interpretations).

(B) Compliance

Trustee’s Responsibility for Compliance

The superannuation entity’s trustee is responsible for complying with the requirements of the SIS Act, SIS Regulations, the Reporting Standards made under s. 13 of the Financial Sector (Collection of Data) Act 2001 (FSCODA Reporting Standards), the Corporations Act 2001 (Corporations Act) and Corporation Regulations 2001 (Corporation Regulations).

Auditor’s Responsibility

My responsibility is to express an opinion on the trustee’s compliance with the requirements of the SIS Act, SIS Regulations, FSCODA Reporting Standards, Corporations Act and Corporation Regulations based on the audit. My audit has been conducted in accordance with applicable Standards on Assurance Engagements. These Standards require that I comply with fundamental ethical requirements and plan and perform the audit to obtain reasonable assurance whether the trustee of the Macquarie Superannuation has, in all material respects for the year ended 30 June 2009:

a) complied with the relevant requirements of the following provisions (to the extent applicable) of the SIS Act and SIS Regulations:

sections 19(2), 19(3), 35A, 35C, 36, 65, 66, 67, 69-85, 86-93A, 95, 97, 98, 101, 103, 104, 105, 106, 107, 109, 117, 118, 122, 124, 125, 126K 152, 154;

regulations 2.33(2), 3.10, 4.08(3), 5.08, 6.17, 7.04, 7.05, 9.09, 9.14, 9.29, 9.30, 13.14, 13.17, 13.17A; and

b) complied with the FSCODA Reporting Standards that are subject to audit (to the extent applicable); and

c) complied with the relevant requirements of the following provisions of the Corporations Act and Corporations Regulations (to the extent applicable):

sections 1012B, 1012F, 1012H(2), 1012I, 1013B, 1013D, 1013K(1), 1013K(2), 1016A(2), 1016A(3), 1017B(1), 1017B(5), 1017C(2), 1017C(3), 1017C(5), 1017C(8), 1017D(1), 1017D(3),1017D(3A), 1017DA(3), 1017E(2), 1017E(3), 1017E(4), 1020E(8) and 1020E(9); and

regulation 7.9.32(3); and

PricewaterhouseCoopersABN 52 780 433 757Darling Park Tower 2201 Sussex StreetGPO BOX 2650SYDNEY NSW 1171DX 77 Sydney Australiawww.pwc.com/auTelephone +61 2 8266 0000Facsimile +61 2 8266 9999

56

d) complied with the requirement to prepare the respective forms comprising the APRA Annual Return; and

e) complied with the requirements of Section 155(2) of the SIS Act in that the trustee has appropriate processes in place to identify and resolve s.155 cases, and has adhered to those processes in determining issue and redemption prices.

My procedures with respect to SIS regulation 6.17 included testing whether amounts identified by the trustee as preserved and restricted non-preserved have been cashed or transferred only in accordance with the requirements of Part 6 of the SIS regulations. These procedures did not include testing of the calculation of the preserved and restricted non-preserved amounts beyond a broad assessment of the apparent reasonableness of the calculations.

My procedures included examination, on a test basis, of evidence supporting compliance with those requirements of the SIS Act, SIS Regulations, FSCODA Reporting Standards, Corporations Act and Corporations Regulations.

These tests have not been performed continuously throughout the period, were not designed to detect all instances of non-compliance, and have not covered any other provisions of the SIS Act and SIS Regulations, FSCODA Reporting Standards, Corporations Act and Corporations Regulations apart from those specified. The superannuation entity’s trustee is responsible for complying with the SIS Act and SIS Regulations, FSCODA Reporting Standards, Corporations Act and Corporations Regulations.

I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion.

Auditors opinionIn my opinion the trustee of Macquarie Superannuation has complied, in all material respects, with the requirements of the SIS Act and SIS Regulations, FSCODA Reporting Standards, Corporations Act and Corporations Regulations for the year ended 30 June 2009.

PricewaterhouseCoopers

S J Smith Sydney Partner 28 October 2009

New South Wales

1 Shelley Street Sydney NSW 2000

Macquarie Investment Management Limited PO Box 192 Australia Square NSW 1215

Victoria

Level 26, 101 Collins Street Melbourne VIC 3000

Macquarie Investment Management Limited GPO Box 5435CC Melbourne VIC 3001

Queensland

Level 8, Comalco Place, 12 Creek Street Brisbane QLD 4000

Macquarie Investment Management Limited GPO Box 1459 Brisbane QLD 4001

South Australia

Level 2, 151 Pirie Street Adelaide SA 5000

Macquarie Investment Management Limited GPO Box 663 Adelaide SA 5001

Western Australia

Level 27, Allendale Square 77 St Georges Terrace Perth WA 6000

Macquarie Investment Management Limited PO Box 7306 Cloisters Square Perth WA 6850

Contacts

This document has been printed on a PEFC certified paper which is made from elemental chlorine free pulp, derived from well-managed forests and manufactured by an ISO 14001 certified mill.

58OTH7173 12/09

How to contact Macquarie

Financial Advisers

1800 025 063

Existing investors

Your adviser is your main point of contact for your portfolio, so if you have any queries about your Macquarie Super and Pension Manager account, please talk to your financial adviser.

Macquarie can be contacted at: Macquarie Wrap PO Box N498 Grosvenor Place NSW 1220

Clientview website: www.macquarie.com.au/clientview

Documents

Macquarie Super and Pension Manager Macquarie Super ...advisers.macquarie.com.au/retail/super/annual-report/pension... · Macquarie Super and Pension Manager ... prospects have led