AMP Personalised Portfolio

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AMP Personalised Portfolio

Investment Menu Update – March 2015

Important note

This document may contain advice. Any advice is of a general nature and is not based on your personal objectives, your financial situation or your needs. Accordingly, you should consider how appropriate any advice is to your personal objectives, financial situation and needs. Before acquiring any AMP financial product, you should read the current product disclosure statement, which is available from your financial planner or from AMP.

The following information is an update to the AMP Personalised Portfolio Product Disclosure Statement Part 2, issued 28 June 2013 (the PDS Part 2).

This document is intended to provide updates on the investment options available through the Service since the original issue of the PDS Part 2. The updates include but not limited to:

 Investment options that have become available for investment through the Service,

 important changes to the investment option or information contained in the underlying PDS (managed funds only), which subsequently impacts our PDS Part 2, or

 investment options been removed from the list of available investment options

Full details of the investment objective and strategy, risks, fees and other important information are set out in AMP Personalised Portfolio PDS Part 2 otherwise please refer to the underlying product disclosure statement for each managed fund.

Fees and costs

For each managed fund, the management fee and costs (% pa) are calculated on the net asset value of the fund. However a (ii) indicates that they are calculated on the gross asset value. Unless stated otherwise, fees are shown inclusive of GST and, where applicable, less reduced input tax credits.

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New Model Portfolios

INVESTMENT OPTION NAME INVESTMENT MANAGER INVESTMENT STYLE AVERAGE NUMBER OF SECURITIES MANAGEMENT FEE AND COSTS (PA) INVESTMENT MANAGEMENT PERFORMANCE FEE (PA) BENCHMARK INDEX AUSTRALIAN SHARES AMP Capital Australian Equity 3D Model Portfolio (formerly the AMP Capital High Conviction Equity Model Portfolio) AMP Capital Investors Limited Style Neutral 10 to 20 0.36% Performance fee of 22% of any outperformance of the benchmark S&P/ASX 200 Accumulation Index AMP Capital Australian Equity Dividend Model Portfolio (formerly the AMP Index – Top 20 Industrials Model Portfolio)

AMP Capital Investors Limited

Income 10 to 25 0.46% Performance fee of 16.5% of any outperformance of the benchmark S&P/ASX 200 Accumulation Index AMP Capital Australian Equity Growth Model Portfolio (formerly the AMP Index – Top 20 Resources Model Portfolio)

Growth 10 to 25 0.46% Performance fee of 16.5% of any outperformance of the benchmark S&P/ASX 200 Accumulation Index

New Managed Funds

APIR CODE INVESTMENT OPTION NAME INVESTMENT MANAGER MANAGEMENT FEE

AND COSTS (PA)

BENCHMARK INDEX

AUSTRALIAN SHARES

BFL0004AU Bennelong ex-20 Australian Equities Fund(i)

Bennelong Australian Equity Partners Pty Ltd 0.95% S&P/ASX 300 Accumulation Index excluding stocks comprised in the S&P/ASX 20 Leaders Index.

BNT0003AU Hyperion Australian Growth Companies Fund Hyperion Asset Management Limited 0.95% S&P/ASX 300 Accumulation Index

HOW0016AU NovaPort Wholesale Smaller Companies Fund(i)

NovaPort Capital Pty Ltd

0.90% S&P/ASX Small Ordinaries

Accumulation Index WHT0039AU Plato Australian Shares Income

Fund Plato Investment Management Limited 0.90% S&P/ASX 200 Index (including franking credits)

AMP0681AU AMP Capital Specialist Australian Share Fund(i)(iii)

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APIR CODE INVESTMENT OPTION NAME INVESTMENT MANAGER MANAGEMENT FEE AND COSTS (PA)

BENCHMARK INDEX

AMP0973AU AMP Capital Specialist Australian Small Companies Fund(i)(iii)

1.1775% S&P/ASX Small Ordinaries

Accumulation Index AMP0969AU AMP Capital Specialist Geared

Australian Share Fund(i)(iii)

1.15% S&P/ASX 200 Accumulation Index INTERNATIONAL SHARES

MAL0133AU BlackRock Wholesale Global Small Cap Fund – Class D

BlackRock Investment Management (Australia) Limited

1.25% S&P Global MidSmall Cap Index

HFL0032AU Threadneedle Global Equity Income Fund (Unhedged)

Threadneedle Asset Management Limited

1.15% MSCI All Country World Index AUD (unhedged) (MSCI ACWI)

AMP0825AU AMP Capital Specialist International (Hedged) Share Fund(i)(iii)

1.0938% Morgan Stanley Capital International (MSCI) World (ex-Australia) Accumulation Index hedged in AUD. AMP0824AU AMP Capital Specialist

International Share Fund(i)(iii)

1.0938% Morgan Stanley Capital International (MSCI) World (ex-Australia) Accumulation Index PROPERTY

NML0001AU AMP Capital Wholesale Australian Property Fund

National Mutual Funds Management Limited

0.81% S&P/ASX 200 Property Accumulation Index

MAQ0844AU Charter Hall Direct Industrial Fund No. 3 (Wholesale)

Charter Hall Holdings Pty Limited

0.70% N/A

CRM0008AU Cromwell Phoenix Property Securities Fund

Phoenix Portfolios Pty Ltd

0.97% S&P/ASX 300 A-REIT Accumulation Index AMP1990AU AMP Capital Specialist Property

& Infrastructure Fund(i)

AMP Capital Investors Limited 1.15% 25% S&P/ASX200 A-REIT Accumulation Index 35% FTSE EPRA NAREIT

Developed Net Total Return Index (AUD) 30% Dow Jones Brookfield Global Infrastructure Net Accumulation Index (AUD) 10% Mercer / IPD Australian Pooled Property Fund Index

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BENCHMARK INDEX

AFM0005AU Aurora Fortitude Absolute Return Fund(i)

Fortitude Capital Pty Ltd

1.48625% RBA Cash Rate

AMP1595AU AMP Capital Global

Infrastructure Securities Fund (Hedged)

0.85% Dow Jones Brookfield Global Infrastructure Index Australian Dollar Hedged

AMP1593AU AMP Capital Global

Infrastructure Securities Fund (Unhedged)

0.85% Dow Jones Brookfield Global Infrastructure Index Australian Dollar Hedged

ETL0276AU Partners Group Global Value Fund (AUD) - Wholesale

Partners Group (Guernsey) Limited

1.75% MSCI World ex Australia Hedged $A

AMP1932AU AMP Capital Dynamic Markets

(i)(iii) AMP Capital

Investors Limited

0.50% RBA Inflation rate AUSTRALIAN FIXED INTEREST

AMP0981AU AMP Capital Wholesale Australian Bond Fund

0.36% Bloomberg Composite Bond

(All Maturities) Index. HOW0056AU Challenger Guaranteed Income

Fund 4.46% pa (Maturity 30/06/2017) Challenger Retirement and Investment Services Limited Nil N/A

MLT0001AU Challenger Guaranteed Income Fund 4.30% pa (Maturity 30/09/2017) Challenger Retirement and Investment Services Limited Nil N/A

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BENCHMARK INDEX

INTERNATIONAL FIXED INTEREST

FRT0011AU Franklin Templeton Multisector Bond Fund Franklin Templeton Investments Australia Limited 0.93% Barclays Global Multiverse Index (Hedged in AUD). HOW0052AU Kapstream Wholesale Absolute

Return Income Fund

Kapstream Capital Pty Limited

0.70% 50% Bloomberg Composite Bond Index 0-3 years

50% Bloomberg Bank Bill Index

AMP1992AU AMP Capital Specialist Diversified Fixed Income Fund(i)(iii)

0.80% 60% Bloomberg Composite Bond All Maturities Index; 30% Barclays Capital Aggregate Index (Hedged); and 10% Barclays Capital Aggregate Corporate Index (Hedged). JBW0097AU Goldman Sachs Global Strategic

Bond Fund

Goldman Sachs Asset Management & Partners Australia Pty Limited

0.80%

Bloomberg AusBond Bank Bill Index

MULTI ASSET CLASS

IPA0076AU ipac Income Generator ipac portfolio management limited

0.79% N/A

Changes to model portfolios

INVESTMENT OPTION

NAME

INVESTMENT MANAGER

MANAGEMENT FEE AND COSTS (PA)

INVESTMENT MANAGEMENT PERFORMANCE FEE (PA)

BENCHMARK INDEX CHANGES

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Changes to managed funds

APIR CODE INVESTMENT OPTION

NAME

INVESTMENT MANAGER

MANAGEMENT FEE AND COSTS (PA)

BENCHMARK INDEX CHANGES

INTERNATIONAL SHARES

PMC0100AU PM Capital Absolute Performance Fund (i)

MAPP Pty Limited

1.09% MSCI World Net Index (with net dividends reinvested) Change of fund name from PM Capital Absolute Performance Fund to PM Capital Global Companies Fund

MGL0010AU RREEF Global (ex-Australia) Property Securities Fund Deutsche Asset Management (Australia) Limited

1.13% UBS Global Real Estate Investors (ex-Australia) Index (hedged in AUD) Change of benchmark from Bloomberg Global Real Estate Investors (ex-Australia) Index (hedged in AUD) to FTSE EPRA/NAREIT Developed ex-Australia Index (hedged in AUD)

Managed Funds no longer available

APIR CODE INVESTMENT OPTION NAME INVESTMENT MANAGER Date of removal Comment

INTERNATIONAL SHARES

FSF0710AU Acadian Wholesale Global Equity Fund

Acadian Asset Management LLC

June 2014 Closed to new and existing investors. NML0348AU AMP Capital Wholesale Global

Equity – Value

AllianceBernstein June 2014 Closed to new and existing investors. CEL0002AU Barclays DYNAMIC80

International Share Fund

Celsius Investments Australia Limited

June 2013 Terminated by investment manager and proceeds credited to members’ cash accounts. FID0011AU Fidelity China Fund FIL Limited June 2014 Closed to new and

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APIR CODE INVESTMENT OPTION NAME INVESTMENT MANAGER Date of removal Comment

TGP0004AU GVI Global Industrial Share Fund (Hedged)

Aubrey Capital Management Limited

June 2014 Closed to new and existing investors.

UBS0012AU UBS Emerging Markets Equity Fund

UBS Global Asset Management (Australia) Limited

June 2014 Closed to new and existing investors.

PROPERTY

MAQ0816AU Charter Hall Direct Industrial Fund No.2 - Wholesale

Charter Hall Holdings Pty Ltd

September 2013 Closed to investment by investment manager as the fund successfully attained the Total Offer Amount

MAQ0406AU Van Eyk Blueprint Alternatives Fund(i)

Van Eyk Research Pty Ltd

August 2014 Closed to new investment and all holdings will be redeemed and credited to your cash account.

AUSTRALIAN FIXED INTEREST

HOW0091AU Challenger Guaranteed Income Fund 5.30% pa (Maturity 30/6/2014) Challenger Retirement and Investment Services Ltd

June 2014 Fund matured on 30 June 2014 and proceeds paid to members’ cash accounts. AMP1233AU AMPCI Core Plus Strategies Fund

- Class A

September 2014 Terminated by investment manager

MULTI ASSET CLASS

AMP0546AU Future Directions Balanced Fund – Class A

AMP Capital Investors Limited (using a multi-manager style

July 2014 Closed to new investors. Existing investors can continue to make additional investments AMP0559AU Future Directions Growth Fund –

Class A

AMP Capital Investors Limited (using a multi-manager style

July 2014 Closed to new investors. Existing investors can continue to make additional investments CRM0008AU Cromwell Phoenix Property

Securities Fund

Phoenix Portfolios Pty Ltd

February 2015 Closed to new investors. Existing investors can continue to make additional investments AMR0001AU Ascalon H3 Commodities Fund H3 Global Advisors

Pty Limited

January 2015 Terminated by investment manager

Model Portfolios no longer available

INVESTMENT OPTION NAME INVESTMENT

MANAGER

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INVESTMENT OPTION NAME INVESTMENT MANAGER

Date of removal Comment

AUSTRALIAN SHARES

Goldman Sachs Australian Resources

Goldman Sachs Asset Management & Partners Australia Pty Limited

November 2013 Terminated by investment manager

Researchers’ Pick Australian Share Concentrated

Hillross Financial Services Limited

January 2015 Closed to new investors. Existing

investors can continue to make additional investments

Researchers’ Pick Australian Share Growth

January 2015 Terminated by investment manager Researchers’ Pick Australian

Share Income

January 2015 Closed to new investors. Existing