Portfoliofocus - Premium Retirement Service Investment ... - MLC

5. Investment allocation
Minimum allocations per investment product:
Initial investment into the Service
Lump Sum
$20,000
Regular Investment Facility
(Superannuation only)
$3,000
Additional investment into the Service
$5,000
$200
Initial investment per:
- Investment fund
- Shares
- SMA model portfolio
No minimum
$2,000
$10,000
No minimum
Not applicable
Not applicable
Additional investment per:
- Investment fund
No minimum
No minimum
- Shares
$500
Not applicable
- SMA model portfolio
No minimum
Not applicable
Cash Account
1% net of fees 1% net of fees
# IMCs (‘Investment Management Charges’) are calculated on a gross asset basis as advised by the investment manager of the relevant investment fund. For most
investment funds the gross asset basis will be the same as the net asset basis except for those funds with significant gearing. Further information regarding the fees and
costs charged by the investment funds is generally contained in the product disclosure statement for the relevant investment fund. A copy of each investment fund’s product
disclosure statement is available on request from your financial adviser.
Note: ‘N/A’ means Not Available from Morningstar at the time of publication.
¤ Fee rebate paid by the Investment Manager to the Administrator and passed onto the investor
> IMCs (‘Investment Management Charges’) are as at 25 November 2009 for the Pre select options
≠ Ongoing administration fee rebate may be payable by the Administrator and passed on to the investor. Please refer to your financial adviser for terms and conditions.
* A minimum of 1%, net of initial adviser fees, must be allocated to the Cash Account.
+ Some investment managers may charge a Performance fee. These Performance fees are the latest figures provided by Morningstar Australasia Pty Ltd ABN 95 090 665
544.
¬ The IMC is calculated on a gross asset basis. If a gearing ratio of 50% is assumed, the ongoing fee will be 2.11% p.a. on a net asset basis. For further information refer to
the fund’s product disclosure statement.
× The IMC is calculated on a gross asset basis. If a gearing ratio of 50% is assumed, the ongoing fee will be 2.04% p.a. on a net asset basis. For further information refer to
the fund’s product disclosure statement.
‡ The IMC is calculated on a gross asset basis. If a gearing ratio of 55% is assumed, the ongoing fee will be 2.42% p.a. on a net asset basis. For further information refer to
the fund’s product disclosure statement.
^ This investment fund is classified as a Hedge Fund for the purpose of Trustee Investment Limits, Fast Track Transactions and Auto Re-weighting. Please refer to the
Service's PDS for the relevant impacts.
† The IMC is calculated on a gross asset basis. If a gearing ratio of 33% is assumed, the ongoing fee will be 1.73% p.a. on a net asset basis. For further information refer to
the fund’s product disclosure statement.
○ The investment manager has advised this fund complies with the Significant Investor Visa requirements.
>> A maximum of 50% of your pension account balance can be invested in the option.
~ Investment fund is classified as an illiquid investment. This investment fund will take longer to redeem from than other investment funds. If you invest in this investment
fund you may not be able to transfer your benefit within 30 days. Refer to the Service's current PDS.
*A maximum of 25% of your account balance can be invested in the option.
~
Note: Separately Managed Account are Included last in the default sell down sequence
»
Note: Term Deposits are excluded from the default sell down sequence