Member Information Booklet - REI Super

investment managers
The investment managers appointed at the time of publication
of this Booklet are listed below. From time to time, these may
change. An up-to-date list of investment managers is available
on reisuper.com.au.
Australian shares
> Allan Gray, Dimensional, Ibbotson High Alpha Trust,
JCP Investment Partners, Northcape, Omega, Platypus,
Vinva, Zebra
international shares
> Altrinsic, AQR, Axiom, Dimensional, Marathon,
Omega Global Investors, Sands Capital
Australian property
> Industry Super Property Trust, Omega
global property
> CBRE Clarion
Australian bonds
> Omega
international bonds
> Colchester, Omega, PIMCO
Alternative investments
> Ibbotson Alpha Strategies Trust, Ibbotson Diversified
Alternatives Trust, Ibbotson Global Trading Strategies Trust.
Strategies include: Equity Long/Short, Credit Long/Short, Event-
Driven, Macro, Market Neutral, Systematic and Discretionary
Trading, Systematic Trend Following, Liquid Private Equity,
Global Listed Infrastructure Insurance Linked Securities and
Commodities.
Additional information on the underlying managers used is also
available on the Ibbotson website (www.ibbotson.com.au).
You should only make an investment decision in relation to the
investment options available (including an additional investment)
after accessing the relevant disclosure document or PDS.
Please note that as a member of REI Super, you will not have
the same rights as a direct investor in the underlying fund
managers’ investments (e.g. receipt of reports from the fund
manager, the rights to attend and vote at unit-holder meetings,
timing of investments and redemptions, etc).
Also, the fees and costs that apply to you will be different than
those outlined in the underlying fund managers’ disclosure
documents (except for any Performance Fee). Ibbotson’s fees
are outlined in the Guide applicable to each of its trusts (see
www.ibbotson.com.au). REI Super’s fees are outlined in ‘Fees
and Costs’ on page 19 and ‘How super is taxed’ on page 23.
When you submit your application, you agree to receive any
communications, including any confirmation of any transaction
or dealing, notice of material changes and significant
events, and other information you may request, details of
illiquid investments and documents (including PDS and other
disclosure documents for underlying managed investments
and periodic reports) which it is required or permitted to give or
has agreed to give, to you, relating to your account. This may
be communicated via any electronic means that we choose.
For these purposes, you agree that you will be taken to have
received the relevant information, whether or not you access
the information).
page 15
Before you make any decision in relation to rebalancing your
investments, changing your investment profile or switching, you
must receive a copy of the PDS or other disclosure documents
for any new investment option, managed by an underlying
fund manager, that contains more detail in relation to these
investments, unless there is no requirement for such a document
to be provided by Ibbotson in paper form. For example, the
relevant information may be provided to you electronically,
through www.ibbotson.com.au (or by your financial adviser,
if permitted by law) or in another way.
You can obtain these current disclosure document(s) free of
charge and on request from your adviser or REI Super. We
recommend that you consult your financial adviser before
making any decision about your investment choices.
Custodian
The Trustee has appointed BNP Paribas for certain investment
operational activities. BNP Paribas’ key activities include
calculating the unit prices of each investment option in
accordance with the agreed model, implementing buy/
sell transactions as instructed by Ibbotson, and maintaining
investment and taxation records.
investment Compliance plan
Ibbotson’s Responsible Entity, IIML, has established a compliance
plan for each Ibbotson Trust offered, which sets out the
measures to be applied in operating each Trust to ensure
compliance with its Constitution and the law. IIML is responsible
for overseeing the compliance plans.
How we invest in underlying funds
Each of the investment options may invest directly in one or more
Ibbotson managed investment scheme. The Ibbotson diversified
trusts may then invest in the Ibbotson sector trusts. These are
managed in various ways:
> within a multi-manager framework; and/or
> investment in a registered managed investment schemes with
similar asset classes; and/or
> mandates with similar asset classes; and/or
> through the use of derivatives to gain exposure to similar
asset classes, and/or
> foreign currencies and Exchange Traded Funds for dynamic
asset allocation and hedging purposes.
The Ibbotson diversified trusts are optimally constructed and
managed to meet the risk/return investment objectives. For
the Ibbotson sector trusts, Ibbotson’s experienced investment
professionals research potential investment managers and then
select the managers who are believed to be most likely to deliver
the individual trusts investment objective.
The Trustee reserves the right not to switch investments or pay
benefits if a weekly unit price cannot be determined because of
market failure.