Macquarie Super and Pension Manager Macquarie Super ...advisers.macquarie.com.au/retail/acrobat/pension_manager_annual_report_dec08.pdfMacquarie Super and Pension Manager Macquarie

Macquarie S

uper and Pension M

anager M

acquarie Super A

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Macquarie Super and Pension Manager

Macquarie Super AccumulatorAnnual report to investors Year ended 30 June 2008

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 year in review

04 Investment returns to 30 June 2008

26 Asset allocation as at 30 June 2008

53 Investment strategies

56 Important information

59 Financial statements

62 Notes to and forming part of the financial statements

70 Trustee’s statement

71 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 22 December 2008 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

22 December 2008

Dear Investor,

Welcome to the annual report for Super and Pension Manager and Super Accumulator for the year ended 30 June 2008.

The 2007–08 financial year saw the successful implementation of the Government’s Better Super reforms. Key among the changes were new limits on the amount of contributions you can make, tax free benefits after reaching the age of 60 and modified pension payment rules.

It has also proven to be an extraordinary year in a number of ways. The pace of change in the outlook for growth, commodity prices, equity markets, interest rates and government policy has been so dramatic that even the most astute analysts and investors have been barely able to keep up.

Given the amazing developments of the past couple of months, it is easy to forget there has been not one but two once in a lifetime phenomena in 2008. The first half of the year was characterised by an incredible divergence between the fortunes of credit and commodity markets, followed by the fallout in financial markets from the subprime mortgage debacle that gained increasing traction in early 2008.

To help you make sense of the year’s events, we have included ‘The year in review’ section on the following pages.

If you have any questions about this annual report, 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 sub-prime market collapse in the US, the subsequent global credit crunch and surging oil prices have all impacted market conditions. In some cases, financial markets have fallen by more than 20%.

It is important to note that the events in financial markets over the past few months are not unusual. Just like economic cycles, financial markets are cyclical and are susceptible to economic downturns and bouts of speculation. Investing in financial markets should be viewed as a long-term investment and fluctuations in asset prices are part of the normal economic cycle.

Understanding market volatilityMany people believe investing is about ‘timing the market’ – getting in before prices rise, enjoying the ride up and then getting out before prices fall.

Yet anticipating these market moves can be extremely difficult because no two market cycles are the same. Investors’ emotions make successful market timing even harder. While logic suggests the best time to buy is when asset prices are cheap or falling, many investors tend to buy when prices are rising and sell when they are falling.

The emotions of fear and greed can lead us to buy and sell at exactly the wrong times.

As an investor, you must allow time for the rises and falls of the market to take their course. The main message from investment experts is that it is better to buy and hold rather than trying to time the market. As the cliché says “It’s time not timing that counts”.

All investments involve risk. However, it is important to distinguish between an investment which is volatile in the short-term but may

achieve strong long-term gains, and assets of such poor quality they can never be anything but a bad investment.

The global economic outlookGlobal growth has been exceptionally strong over the past few years and this is partly the reason why the world economy is currently facing some serious challenges.

The housing market collapse in the US, the credit crunch, higher oil prices, higher commodity prices, and the persistence of global imbalances are shaping the 2008 economic landscape.

The slowdown in the US is perhaps the key reason why global growth has been revised lower. GDP growth is expected to soften in 2008 – 2009, before lifting to an above trend pace of 2.2% in 2010.

Growth in emerging economies such as China and India are set to remain robust, and are forecast to grow by 9.3% and 7.9% in 2008.

Australian economic outlookThe Australian economy confounded the pessimists in the March quarter, growing by a reasonable 3.6% (annual average). While this was stronger than expected, it does not alter the impression that the Reserve Bank of Australia (RBA) has succeeded in slowing growth.

Not only was growth stronger than expected, but it also proved to be broadly based. Despite very weak retail spending, household consumption grew by 0.7% and business investment was up 1.5%. Public investment was also up 5.9%. Even new housing construction managed to rise by 0.5%.

While the expenditure measure of GDP only increased 0.2%, the production measure of the economy was a lot stronger, rising by 1.0%.

The year in reviewAre you concerned about your super?

4,000

0

100

1,000

7,000

500

50

Federation

Boer war ends.

1914Start of

World War 1.

War priorities andshortage of imports

restricts industrial activity.

1920-21Briefpost-wardeflation.

1925 U.K.returns togold standards.

1929 Crash. Export pricescollapse. Industrialactivity falls.

1930-31Depreciation ofAustralian currency.Cheap moneypolicy andpremier’s plan.

1936-40 European war scare. Wool prices fall. Brief economicrecession and slow transition towar economy.

1939 Start ofWorld War II.

1940 fall of France.

1941 Pearl Harbour.USA enters war.

Suezcrisis

Strong overseasinvestment, scrip shortage and property boom.

1950Start of Korean War.

Credit squeeze.

Oil, gas andnickel discoveries.

Iron ore andbauxite developed.

Industrial andproperty boom. First labourgovernment since 1949.

OPEC oil crisis.Inflation,credit squeeze.Property company failures.

Inflation down,industrials recover, commodities weak. $A fallattracts overseasinvestors.

Worldshareprice

collapse.Bankcreditfuels

propertyboom.

Cold War ends. CBD property crash hits banks. Major recession. Interest rates and inflation fall. Privatisation starts.

CPI rise under 2%.Bond yields at 20 year low. Gold price up.

World interest rates rise then falls. S&P up 70% in 2 years.

World TradeCentre attacks

US deflationscare

Subprimemortgage

crisis

Oil found inBass Strait.

Wool prices peak.Severe but brief inflation.

Oil, mining andPoseidon booms.

Energy and metalsharesboom.

Commodities plunge,interest rates peak,

severe recession,rising deficit.

The ‘87Crash

The ‘00Dot.comCrash

The ‘94 BondMarket Crisis

Australian Share Price Index

Ind

ex

1900 1905 1910 1915 1920 1925 1930 1935 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2008

The long-term stockmarket trend is up

3

However, while the GDP data was stronger than the market expected, they do not alter the outlook for growth in 2008 in our opinion. With retail spending remaining weak, the RBA will likely remain hopeful that it has done enough to slow growth sufficiently to moderate inflationary pressures. As such, the stronger GDP data is unlikely to alter the policy outlook either. However, they do reinforce the impression that the composition of growth is shifting, with interest rate sensitive sectors softening substantially, while other sectors – such as government investment spending and resource exports – are likely to keep the economy ticking along.

Asset class performanceSince the onset of the credit crunch, returns on Australian equities have fallen in line with the declines in international equity markets across the world. In the past year, the ASX200 has fallen 40%, whilst international equities have fallen 43%. A significant portion of this decline was realised over the past 3 months, as global markets took a dramatic turn for the worse in September – following the collapse of US investment bank Lehman Brothers – sparking a surge in risk aversion and a massive sell-off of equities. In the 3 months from August to November, Australian equities lost 23%, whilst international equities dropped 34%.

Another casualty of the global credit crunch has been the listed property sector. Real estate investment trusts (REIT’s) have been hardest hit of all the asset classes, with Australian REIT’s down 53% over the past year. Excessive debt levels and concerns about the sustainability of dividend payments and the ability to refinance debt has seen REIT’s forced to sell down property holdings and undertake capital raisings, causing a very weak performance. Even well-managed REITs have suffered, as property investors have been forced to sell the better performing trusts in order to participate in the capital raisings.

The excessive risk aversion that has seen equity markets capitulate, has aided an out-performance by fixed interest instruments over the past 3 months. Australian fixed interest returns are driven by the inverse relationship between interest

rates and yields. In the last three months, the global economic environment has seen central banks around the world move to cut interest rates at a rapid clip. In Australia, the RBA has cut the official cash rate by 200bps over 3 months, with further aggressive cuts anticipated in coming months. The US Federal Reserve has also embarked on significant monetary policy easing of late, contributing to the strong performance of fixed interest products. Australian bank bills are up 8% on this time last year, whilst bonds are up 12%. It is important to note that with the flight to safety into government securities common across international markets and interest rates falling in several regions, the recent out-performance of fixed interest is not just an Australian event, but rather a global phenomenon.

2009It seems unlikely that 2009 will be as eventful as this year. For the global economy, it will be a case of continuing to deal with the fallout in financial markets in the later half of 2008. Activity will be very weak, with most of the global economy in recession. How quickly it recovers will be in the hands of policy makers who may continue to re-write the rule book given the circumstances in financial markets.

For the Australian economy, the growth outlook will weaken further. Economic growth slowed markedly in the first ¾ of 2008, largely in response to soaring petrol prices and increasingly tighter monetary policy. Business investment, however, went from strength to strength on the back of the incredible increases in coal and iron ore prices and solid profitability. It is likely that next year will be the mirror image of this. Interest rates and petrol prices are tumbling, but the slide in commodity prices and the increased difficulty in obtaining credit bodes poorly for business investment and employment.

While this is a rather gloomy picture, there are two reasons for some cautious optimism. First, policy makers in Australia have tremendous scope to provide further support to a slipping economy. Second, equity markets are already expecting the worst, so there should be some recovery in stock markets in 2009.

4,000

0

100

1,000

7,000

500

50

Federation

Boer war ends.

1914Start of

World War 1.

War priorities andshortage of imports

restricts industrial activity.

1920-21Briefpost-wardeflation.

1925 U.K.returns togold standards.

1929 Crash. Export pricescollapse. Industrialactivity falls.

1930-31Depreciation ofAustralian currency.Cheap moneypolicy andpremier’s plan.

1936-40 European war scare. Wool prices fall. Brief economicrecession and slow transition towar economy.

1939 Start ofWorld War II.

1940 fall of France.

1941 Pearl Harbour.USA enters war.

Suezcrisis

Strong overseasinvestment, scrip shortage and property boom.

1950Start of Korean War.

Credit squeeze.

Oil, gas andnickel discoveries.

Iron ore andbauxite developed.

Industrial andproperty boom. First labourgovernment since 1949.

OPEC oil crisis.Inflation,credit squeeze.Property company failures.

Inflation down,industrials recover, commodities weak. $A fallattracts overseasinvestors.

Worldshareprice

collapse.Bankcreditfuels

propertyboom.

Cold War ends. CBD property crash hits banks. Major recession. Interest rates and inflation fall. Privatisation starts.

CPI rise under 2%.Bond yields at 20 year low. Gold price up.

World interest rates rise then falls. S&P up 70% in 2 years.

World TradeCentre attacks

US deflationscare

Subprimemortgage

crisis

Oil found inBass Strait.

Wool prices peak.Severe but brief inflation.

Oil, mining andPoseidon booms.

Energy and metalsharesboom.

Commodities plunge,interest rates peak,

severe recession,rising deficit.

The ‘87Crash

The ‘00Dot.comCrash

The ‘94 BondMarket Crisis

Australian Share Price Index

Ind

ex

1900 1905 1910 1915 1920 1925 1930 1935 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2008

Source: Datastream, May 2008

4

Investment returns to 30 June 2008

Investment name APIR Available in Super

Accumulator

Available in Super and

Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)

5 year compound to 30/6/08 (% p.a.)

Since inception to 30/6/08 (% p.a.)

Abacus Diversified Income Fund II ABA0008AU Yes Yes -1.00% n/a n/a n/a n/a n/a -1.00% p.a.

Abacus Hospitality Fund ABA0005AU Yes Yes 12.04% 8.00% n/a n/a n/a n/a 10.02% p.a.

Abacus Retirement Living Trust ABACUSRET No Yes 17.14% n/a n/a n/a n/a n/a 5.78% p.a.

Abacus Wodonga Land ABACUSWOD No Yes n/a n/a n/a n/a n/a n/a n/a

Abacus Wodonga Mortgage Fund ABACUSMOR No Yes 12.00% 12.00% 12.00% n/a n/a n/a 12.00% p.a.

Aberdeen Asian Opportunities Fund EQI0028AU Yes Yes -13.30% 20.92% 27.83% 15.23% n/a n/a 13.33% p.a.

Aberdeen Australian Bond Fund MGL0103AU Yes Yes 1.44% 3.61% 3.38% 7.14% 2.60% 4.37% p.a. 4.96% p.a.

Aberdeen Australian Equities Fund MGL0114AU Yes Yes -8.66% 23.07% 22.68% 28.31% 20.81% 16.41% p.a. 11.74% p.a.

Aberdeen Australian Shares Fund EQI0017AU No Yes n/a n/a n/a n/a n/a n/a n/a

Aberdeen Australian Small Companies Fund MGL0001AU Yes Yes -20.27% 32.78% 23.50% 32.38% 47.01% 20.54% p.a. 22.76% p.a.

Aberdeen Cash Plus Fund MGL0101AU Yes Yes 1.81% 6.26% 5.94% 6.07% 5.68% 5.14% p.a. 5.13% p.a.

Aberdeen China Opportunities Fund ETL0031AU Yes Yes -7.76% 24.52% 20.50% 11.67% n/a n/a 13.72% p.a.

Aberdeen Emerging Opportunities Fund ETL0032AU Yes Yes -5.82% 28.09% 23.86% 21.74% n/a n/a 17.86% p.a.

Aberdeen Financials Fund EQI0027AU Yes Yes -26.74% 24.16% 21.79% 23.29% 12.14% 9.85% p.a. 11.48% p.a.

Aberdeen Intl Equity Fund EQI0015AU No Yes -13.84% 12.76% 34.13% 9.49% 18.08% 12.16% p.a. 5.71% p.a.

Absolute Capital Yield Strategies Fund ABS0011AU No Yes -26.54% n/a n/a n/a n/a n/a 1.33% p.a.

Acadian Aust Equity Long Short Fund FSF0789AU Yes Yes -12.58% 33.39% n/a n/a n/a n/a 9.50% p.a.

Acadian Wholesale Australian Equity Fund FSF0787AU Yes Yes -13.29% 27.83% n/a n/a n/a n/a 9.60% p.a.

Acadian Wsale Gbl Equity Long Short Fund FSF0788AU Yes Yes -32.02% 9.42% n/a n/a n/a n/a -12.90% p.a.

Acorn Capital Wsale Microcap Trust AUS0108AU Yes Yes -18.04% 53.64% 30.57% 22.96% 35.09% 22.26% p.a. 20.33% p.a.

Advance Asian Equity Fund – Wholesale Units ADV0083AU Yes Yes -19.77% 17.70% 30.51% n/a n/a n/a 10.56% p.a.

Advance Aust Geared Equity Fund Wsale ADV0078AU Yes Yes -36.72% 50.79% 26.38% 41.50% 41.50% 19.28% p.a. 15.92% p.a.

Advance Aust Smaller Companies W/sale Fund ADV0075AU No Yes -19.60% 32.53% 16.22% 27.08% 36.44% 16.51% p.a. 16.01% p.a.

Advance Concentrated Aust Share W/sale Fund ADV0115AU Yes Yes -13.97% 27.53% n/a n/a n/a n/a 9.60% p.a.

Advance Global Alpha Fund ADV0117AU No Yes -18.71% 7.53% n/a n/a n/a n/a 0.63% p.a.

Advance Imputation Fund – Wsale Units ADV0046AU Yes Yes -11.85% 23.15% 16.89% 20.60% 21.87% 13.28% p.a. 10.30% p.a.

Advance Int Shares Multi-Blend W/sale Fund ADV0053AU Yes Yes -17.77% 13.30% 17.67% 3.65% 14.72% 5.44% p.a. -1.38% p.a.

Advance Intl Sharemarket Fund – Wsale ADV0047AU Yes Yes -23.22% 10.43% 12.68% -0.44% 24.07% 3.37% p.a. 0.39% p.a.

Advance Sharemarket Fund Wholesale ADV0066AU No Yes -13.84% 26.84% 16.13% 23.09% 24.51% 14.23% p.a. 11.23% p.a.

Advance Smaller Co Multi-Blended W/sale Fund ADV0096AU Yes Yes -24.18% 52.78% 20.41% n/a n/a n/a 9.58% p.a.

All Star IAM Australian Share Fund VEN0006AU Yes Yes -8.58% n/a n/a n/a n/a n/a n/a

All Star Income Fund VEN0007AU Yes Yes -6.81% n/a n/a n/a n/a n/a n/a

Alpha Strategic Fund – B Class units TOL0055AU No Yes 8.84% 16.07% n/a n/a n/a n/a 13.71% p.a.

AMP Cap Structured High Yield Class A AMP1014AU Yes Yes 11.78% 9.63% 10.13% n/a n/a n/a 10.54% p.a.

AMP Capital Balanced Growth Trust – Class A Units AMP0441AU Yes Yes -11.64% 16.91% 18.23% 15.36% 16.22% 10.36% p.a. 8.92% p.a.

AMP Capital China Fund 2 AMP1009AU No Yes n/a n/a n/a n/a n/a n/a -0.07% p.a.

AMP Capital Conservative Fund Class A AMP0443AU Yes Yes -4.31% 10.25% 10.01% 10.59% 9.35% 7.01% p.a. 6.01% p.a.

AMP Capital Core Infrastructure Class A AMP1179AU Yes Yes n/a n/a n/a n/a n/a n/a -1.40% p.a.

AMP Capital Core Plus Strategies Fund AMP0279AU No Yes 2.55% 3.87% 3.78% 7.57% 3.31% 4.20% p.a. 7.18% p.a.

AMP Capital Enhanced Yield Fund – Class A AMP0685AU Yes Yes 6.37% 8.86% 7.92% 7.51% 11.29% 8.38% p.a. 8.62% p.a.

AMP Capital Equity Fund – Class A Units AMP0370AU Yes Yes -9.65% 22.56% 27.94% 27.83% 21.23% 17.03% p.a. 10.63% p.a.

AMP Capital Global Growth Opport Fund – Class A AMP0369AU No Yes -11.77% 7.34% 25.14% -1.69% 14.16% 5.87% p.a. -6.31% p.a.

AMP Capital Global Property Securities Fund Class A AMP0974AU Yes Yes -22.02% 20.69% 24.56% n/a n/a n/a 8.82% p.a.

AMP Capital Global Technology Fund Class A AMP0365AU No Yes -20.01% 5.33% 5.96% -8.32% 16.52% -0.95% p.a. -15.69% p.a.

AMP Capital Intl Bond Fund Class A Units AMP0254AU Yes Yes -1.25% 5.63% 1.86% 10.75% 3.18% 3.96% p.a. 5.64% p.a.

AMP Capital Listed Property Fund – Ord Class AMP0269AU No Yes -37.17% 27.47% 18.76% 18.90% 17.59% 5.87% p.a. 9.75% p.a.

AMP Capital Listed Property Trusts – Class A AMP0255AU Yes Yes -37.56% 26.98% 18.20% 18.31% 16.96% 5.33% p.a. 8.47% p.a.

AMP Capital Res Inv Lead Intl Sh-Class A AMP0455AU Yes Yes -20.47% 9.44% 23.14% -1.00% 16.45% 4.32% p.a. -5.74% p.a.

AMP Capital Small Companies Fund – Class A AMP0446AU Yes Yes -14.10% 52.54% 30.30% 41.35% 35.71% 26.78% p.a. 17.73% p.a.

AMP Capital Structured High Yield – Ord Class WID2 No Yes 12.11% 10.03% 10.01% 9.13% 12.17% 10.68% p.a. 8.60% p.a.

AMP Capital Sustainable Future Aust Share Class A AMP0449AU Yes Yes -16.16% 27.19% 30.96% 24.30% 23.25% 16.43% p.a. 11.97% p.a.

AMP Capital Wholesale Australian Share Fund – Class A AMP0258AU Yes Yes -10.31% 23.39% 26.54% 27.10% 21.01% 16.59% p.a. 12.01% p.a.

AMP Core Property Fund (Class A) AMP1015AU Yes Yes -9.97% 20.59% n/a n/a n/a n/a 8.64% p.a.

5


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)



Abacus Diversified Income Fund II ABA0008AU Yes Yes -1.00% n/a n/a n/a n/a n/a -1.00% p.a.

Abacus Hospitality Fund ABA0005AU Yes Yes 12.04% 8.00% n/a n/a n/a n/a 10.02% p.a.

Abacus Retirement Living Trust ABACUSRET No Yes 17.14% n/a n/a n/a n/a n/a 5.78% p.a.

Abacus Wodonga Land ABACUSWOD No Yes n/a n/a n/a n/a n/a n/a n/a

Abacus Wodonga Mortgage Fund ABACUSMOR No Yes 12.00% 12.00% 12.00% n/a n/a n/a 12.00% p.a.

Aberdeen Asian Opportunities Fund EQI0028AU Yes Yes -13.30% 20.92% 27.83% 15.23% n/a n/a 13.33% p.a.

Aberdeen Australian Bond Fund MGL0103AU Yes Yes 1.44% 3.61% 3.38% 7.14% 2.60% 4.37% p.a. 4.96% p.a.

Aberdeen Australian Equities Fund MGL0114AU Yes Yes -8.66% 23.07% 22.68% 28.31% 20.81% 16.41% p.a. 11.74% p.a.

Aberdeen Australian Shares Fund EQI0017AU No Yes n/a n/a n/a n/a n/a n/a n/a

Aberdeen Australian Small Companies Fund MGL0001AU Yes Yes -20.27% 32.78% 23.50% 32.38% 47.01% 20.54% p.a. 22.76% p.a.

Aberdeen Cash Plus Fund MGL0101AU Yes Yes 1.81% 6.26% 5.94% 6.07% 5.68% 5.14% p.a. 5.13% p.a.

Aberdeen China Opportunities Fund ETL0031AU Yes Yes -7.76% 24.52% 20.50% 11.67% n/a n/a 13.72% p.a.

Aberdeen Emerging Opportunities Fund ETL0032AU Yes Yes -5.82% 28.09% 23.86% 21.74% n/a n/a 17.86% p.a.

Aberdeen Financials Fund EQI0027AU Yes Yes -26.74% 24.16% 21.79% 23.29% 12.14% 9.85% p.a. 11.48% p.a.

Aberdeen Intl Equity Fund EQI0015AU No Yes -13.84% 12.76% 34.13% 9.49% 18.08% 12.16% p.a. 5.71% p.a.

Absolute Capital Yield Strategies Fund ABS0011AU No Yes -26.54% n/a n/a n/a n/a n/a 1.33% p.a.

Acadian Aust Equity Long Short Fund FSF0789AU Yes Yes -12.58% 33.39% n/a n/a n/a n/a 9.50% p.a.

Acadian Wholesale Australian Equity Fund FSF0787AU Yes Yes -13.29% 27.83% n/a n/a n/a n/a 9.60% p.a.

Acadian Wsale Gbl Equity Long Short Fund FSF0788AU Yes Yes -32.02% 9.42% n/a n/a n/a n/a -12.90% p.a.

Acorn Capital Wsale Microcap Trust AUS0108AU Yes Yes -18.04% 53.64% 30.57% 22.96% 35.09% 22.26% p.a. 20.33% p.a.

Advance Asian Equity Fund – Wholesale Units ADV0083AU Yes Yes -19.77% 17.70% 30.51% n/a n/a n/a 10.56% p.a.

Advance Aust Geared Equity Fund Wsale ADV0078AU Yes Yes -36.72% 50.79% 26.38% 41.50% 41.50% 19.28% p.a. 15.92% p.a.

Advance Aust Smaller Companies W/sale Fund ADV0075AU No Yes -19.60% 32.53% 16.22% 27.08% 36.44% 16.51% p.a. 16.01% p.a.

Advance Concentrated Aust Share W/sale Fund ADV0115AU Yes Yes -13.97% 27.53% n/a n/a n/a n/a 9.60% p.a.

Advance Global Alpha Fund ADV0117AU No Yes -18.71% 7.53% n/a n/a n/a n/a 0.63% p.a.

Advance Imputation Fund – Wsale Units ADV0046AU Yes Yes -11.85% 23.15% 16.89% 20.60% 21.87% 13.28% p.a. 10.30% p.a.

Advance Int Shares Multi-Blend W/sale Fund ADV0053AU Yes Yes -17.77% 13.30% 17.67% 3.65% 14.72% 5.44% p.a. -1.38% p.a.

Advance Intl Sharemarket Fund – Wsale ADV0047AU Yes Yes -23.22% 10.43% 12.68% -0.44% 24.07% 3.37% p.a. 0.39% p.a.

Advance Sharemarket Fund Wholesale ADV0066AU No Yes -13.84% 26.84% 16.13% 23.09% 24.51% 14.23% p.a. 11.23% p.a.

Advance Smaller Co Multi-Blended W/sale Fund ADV0096AU Yes Yes -24.18% 52.78% 20.41% n/a n/a n/a 9.58% p.a.

All Star IAM Australian Share Fund VEN0006AU Yes Yes -8.58% n/a n/a n/a n/a n/a n/a

All Star Income Fund VEN0007AU Yes Yes -6.81% n/a n/a n/a n/a n/a n/a

Alpha Strategic Fund – B Class units TOL0055AU No Yes 8.84% 16.07% n/a n/a n/a n/a 13.71% p.a.

AMP Cap Structured High Yield Class A AMP1014AU Yes Yes 11.78% 9.63% 10.13% n/a n/a n/a 10.54% p.a.

AMP Capital Balanced Growth Trust – Class A Units AMP0441AU Yes Yes -11.64% 16.91% 18.23% 15.36% 16.22% 10.36% p.a. 8.92% p.a.

AMP Capital China Fund 2 AMP1009AU No Yes n/a n/a n/a n/a n/a n/a -0.07% p.a.

AMP Capital Conservative Fund Class A AMP0443AU Yes Yes -4.31% 10.25% 10.01% 10.59% 9.35% 7.01% p.a. 6.01% p.a.

AMP Capital Core Infrastructure Class A AMP1179AU Yes Yes n/a n/a n/a n/a n/a n/a -1.40% p.a.

AMP Capital Core Plus Strategies Fund AMP0279AU No Yes 2.55% 3.87% 3.78% 7.57% 3.31% 4.20% p.a. 7.18% p.a.

AMP Capital Enhanced Yield Fund – Class A AMP0685AU Yes Yes 6.37% 8.86% 7.92% 7.51% 11.29% 8.38% p.a. 8.62% p.a.

AMP Capital Equity Fund – Class A Units AMP0370AU Yes Yes -9.65% 22.56% 27.94% 27.83% 21.23% 17.03% p.a. 10.63% p.a.

AMP Capital Global Growth Opport Fund – Class A AMP0369AU No Yes -11.77% 7.34% 25.14% -1.69% 14.16% 5.87% p.a. -6.31% p.a.

AMP Capital Global Property Securities Fund Class A AMP0974AU Yes Yes -22.02% 20.69% 24.56% n/a n/a n/a 8.82% p.a.

AMP Capital Global Technology Fund Class A AMP0365AU No Yes -20.01% 5.33% 5.96% -8.32% 16.52% -0.95% p.a. -15.69% p.a.

AMP Capital Intl Bond Fund Class A Units AMP0254AU Yes Yes -1.25% 5.63% 1.86% 10.75% 3.18% 3.96% p.a. 5.64% p.a.

AMP Capital Listed Property Fund – Ord Class AMP0269AU No Yes -37.17% 27.47% 18.76% 18.90% 17.59% 5.87% p.a. 9.75% p.a.

AMP Capital Listed Property Trusts – Class A AMP0255AU Yes Yes -37.56% 26.98% 18.20% 18.31% 16.96% 5.33% p.a. 8.47% p.a.

AMP Capital Res Inv Lead Intl Sh-Class A AMP0455AU Yes Yes -20.47% 9.44% 23.14% -1.00% 16.45% 4.32% p.a. -5.74% p.a.

AMP Capital Small Companies Fund – Class A AMP0446AU Yes Yes -14.10% 52.54% 30.30% 41.35% 35.71% 26.78% p.a. 17.73% p.a.

AMP Capital Structured High Yield – Ord Class WID2 No Yes 12.11% 10.03% 10.01% 9.13% 12.17% 10.68% p.a. 8.60% p.a.

AMP Capital Sustainable Future Aust Share Class A AMP0449AU Yes Yes -16.16% 27.19% 30.96% 24.30% 23.25% 16.43% p.a. 11.97% p.a.

AMP Capital Wholesale Australian Share Fund – Class A AMP0258AU Yes Yes -10.31% 23.39% 26.54% 27.10% 21.01% 16.59% p.a. 12.01% p.a.

AMP Core Property Fund (Class A) AMP1015AU Yes Yes -9.97% 20.59% n/a n/a n/a n/a 8.64% p.a.

6

Investment returns to 30 June 2008 continuedInvestment name APIR Available

in Super Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)



AMP Responsible Investment Leaders Balanced Fund – Class A AMP0452AU Yes Yes -10.62% 17.32% n/a n/a n/a n/a 6.38% p.a.

Anatres Lodestar Absolute Return Trust – Australian Shares ANT0001AU No Yes -0.47% n/a n/a n/a n/a n/a 3.92% p.a.

ANZ Cash Plus Fund ANZ0150AU No Yes 4.44% 6.38% 5.82% 5.82% 5.57% 5.60% p.a. 5.57% p.a.

APN International Property for Income Fund APN0003AU Yes Yes -16.65% 17.17% 10.59% n/a n/a n/a 8.64% p.a.

APN Direct Property Fund APN0005AU Yes Yes 3.64% 18.32% n/a n/a n/a n/a 11.30% p.a.

APN Diversified Property Fund APN0006AU Yes Yes -4.52% 17.05% n/a n/a n/a n/a 7.70% p.a.

APN National Storage Property Trust APN0002AU No Yes n/a n/a n/a n/a n/a n/a *15.32%

APN Property For Income Fund APN0001AU Yes Yes -28.02% 27.58% 18.83% 23.56% 12.68% 8.43% p.a. 11.65% p.a.

APN Property for Income Fund No 2 APN0004AU Yes Yes -39.36% 26.43% 16.46% n/a n/a n/a -3.56% p.a.

Arrowstreet Emerging Markets Fund MAQ0477AU Yes Yes n/a n/a n/a n/a n/a n/a n/a

Arrowstreet Global Equity Fund MAQ0464AU Yes Yes -21.80% n/a n/a n/a n/a n/a -11.20% p.a.

Arrowstreet Global Equity Fund (Hedged) MAQ0079AU Yes Yes -23.00% 22.90% 16.10% 0.70% 17.30% 5.30% p.a. 3.60% p.a.

ArteFact Partners Global L/S Equity Fd 1 PER0362AU No Yes -3.23% 3.44% 0.30% n/a n/a n/a n/a

Artefact Partners Global L/S Equity Fd 2 PER0363AU No Yes -3.23% 3.44% 0.30% n/a n/a n/a n/a



Augustus Absolute Return Fund (AU) AFM0002AU No Yes 7.31% 7.43% 4.23% 9.89% n/a n/a 7.08% p.a.

Ausbil Aust Geared Equity Fund AAP0002AU Yes Yes -29.67% n/a n/a n/a n/a n/a n/a

Ausbil Inv Trust Aust Active Equity Fund AAP0103AU Yes Yes -10.35% 24.82% 30.22% 34.06% 28.79% 20.27% p.a. 13.59% p.a.

Ausbil Inv Trust Aust Emerging Leaders AAP0104AU Yes Yes -12.58% 28.44% 32.77% 37.93% 39.93% 23.54% p.a. 19.31% p.a.

Aust Unity W/s High Yield Mortgage Trst AUS0005AU Yes Yes 7.92% 7.92% 8.25% n/a n/a n/a 8.08% p.a.

Australian Ethical Equities Trust AUG0002AU Yes Yes -13.10% 36.90% 14.20% 21.30% 14.30% 13.10% p.a. 10.90% p.a.

Australian Ethical Large Companies Share AUG0004AU Yes Yes -13.90% 16.00% 16.00% 23.60% 20.60% 10.20% p.a. 9.60% p.a.

Australian Unity Intech High Opportunities Trust AUS0007AU No Yes -24.69% 7.03% n/a n/a n/a n/a -2.61% p.a.

Australian Unity Platypus Aust Eq Wsale AUS0030AU Yes Yes -13.35% 37.07% n/a n/a n/a n/a 8.75% p.a.

Australian Unity Prop Sec Fd – Ord Units GEM0111AU No Yes -37.48% 24.93% 15.55% 16.14% 15.44% 3.89% p.a. 8.15% p.a.

Australian Unity Wh Defined Income Trust SBC0006AU No Yes 6.23% 4.99% 4.53% 6.09% 3.02% 4.96% p.a. 5.83% p.a.

Australian Unity Wsale Mortgage Income AUS0116AU Yes Yes 7.07% 6.61% 6.01% 6.06% 6.03% 6.35% p.a. 6.32% p.a.

Australian Unity Wsale Property Income YOC0100AU Yes Yes -0.37% 16.50% 12.49% 11.69% 13.09% 10.53% p.a. 9.41% p.a.

AXA Australian Income Fund NML0010AU No Yes 6.25% 5.45% 4.74% 4.87% 4.54% 5.17% p.a. 7.59% p.a.

AXA Wholesale Global Equity Core Fund NMF0002AU Yes Yes -18.19% 7.94% 22.25% n/a n/a n/a 4.36% p.a.

AXA Wsale Aust Equity Industrial Fund NML0143AU Yes Yes -23.67% 29.89% 18.42% 25.25% 17.62% 11.58% p.a. 8.91% p.a.

AXA Wsale Aust. Monthly Income Fund NML0316AU Yes Yes 7.62% 6.72% 6.23% 6.13% 5.92% 6.52% p.a. 6.32% p.a.

AXA Wsale Australian Equity Value Fund NML0061AU Yes Yes -21.67% 27.30% 25.87% 32.42% 24.31% 15.62% p.a. 15.31% p.a.

AXA Wsale Australian Income Fund NML0257AU No Yes 6.67% 5.87% 5.16% 5.29% 4.94% 5.58% p.a. 5.52% p.a.

AXA Wsale Australian Property Fund NML0001AU Yes Yes -0.78% 17.73% 14.58% 14.12% 13.67% 11.67% p.a. 10.77% p.a.

AXA Wsale Global Equity Growth Fund NML0318AU Yes Yes -21.43% 4.63% 22.68% 0.88% 12.67% 2.77% p.a. -5.92% p.a.

AXA Wsale Global Equity Value Fund NML0348AU Yes Yes -29.23% 16.59% 26.32% 7.47% 19.78% 6.05% p.a. 1.58% p.a.

Basis Aust-Rim Diversified Fund BCF0100AU No Yes -48.83% -4.62% 16.58% 12.18% 5.08% -32.93% p.a. n/a

Basis Yield Fund BCF0001AU No Yes n/a n/a 18.67% 12.55% 9.10% n/a n/a

Becton Diversified Property Fund BEC0001AU Yes Yes 7.45% 18.25% n/a n/a n/a n/a 11.12% p.a.

BGI – Australian Equity Index Fund BGL0034AU Yes Yes -13.84% 28.41% 23.61% 25.68% 21.34% 15.83% p.a. 14.52% p.a.

BGI – Australian Fixed Interest Index Fund BGL0105AU Yes Yes 4.16% 3.76% 3.22% 7.60% 2.09% 4.15% p.a. 4.66% p.a.

BGI – Australian Share Fund BAR0814AU Yes Yes -14.42% 28.72% 27.00% 26.24% 20.36% 16.28% p.a. 15.32% p.a.

BGI – Diversified Growth Fund BAR0813AU Yes Yes -11.41% 16.36% 17.24% 14.45% 15.52% 9.82% p.a. 10.81% p.a.

BGI – Diversified Stable Fund BAR0811AU Yes Yes -2.43% 9.48% 9.34% 10.09% 8.28% 6.84% p.a. 7.82% p.a.

BGI – Global Markets Fund BGL0045AU No Yes 3.34% 17.90% 5.94% 11.66% n/a n/a 9.63% p.a.

BGI – International Share Fund BAR0817AU Yes Yes -23.55% 7.69% 20.96% 2.57% 19.48% 4.06% p.a. 5.41% p.a.

BGI – Intl Equity Index Fund BGL0106AU Yes Yes -21.29% 7.33% 19.85% -0.14% 19.26% 3.81% p.a. 0.99% p.a.

BGI – Intl Fixed Interest Index Fund BGL0107AU No Yes n/a 4.83% 0.83% 11.89% 3.13% n/a 6.29% p.a.

BGI – Property Securities Index Fund BGL0108AU Yes Yes -37.01% 25.56% 17.52% 18.61% 17.07% 5.24% p.a. 18.04% p.a.

BGI Hedged International Share Fund BGL0109AU Yes Yes -16.53% 23.30% 18.28% 15.69% 24.14% 11.82% p.a. 22.60% p.a.

BlackRock Asset Alloc Alpha Class D MAL0030AU No Yes 33.70% 3.69% n/a n/a n/a n/a 16.78% p.a.

BlackRock Aust Quant Strat Fd – Cl D MAL0013AU Yes Yes -10.40% 27.95% 21.86% n/a n/a n/a 13.23% p.a.

BlackRock Combined Prop Income – Class D Units MAL0008AU Yes Yes -14.72% 21.25% 17.58% 17.47% n/a n/a 11.70% p.a.

BlackRock Diversified Credit Fund MAL0011AU No Yes -2.33% 7.05% 6.25% n/a n/a n/a 3.97% p.a.

BlackRock Global Allocation Fund MAL0018AU Yes Yes 2.82% 16.22% n/a n/a n/a n/a 11.24% p.a.

BlackRock Global Small Cap Fund Class D MAL0133AU Yes Yes -11.37% 3.63% 26.22% 1.94% 34.47% 9.87% p.a. 0.06% p.a.

BlackRock Global Titans Fund Class D MAL0134AU Yes Yes -10.91% 5.31% 19.32% 0.24% 14.88% 5.30% p.a. -2.49% p.a.

BlackRock Hedged Global Small Cap Fund Class D MAL0135AU Yes Yes -4.22% 18.36% 23.91% 14.99% 40.18% 18.07% p.a. 8.92% p.a.

BlackRock Hedged Global Titans Fund Class D MAL0136AU Yes Yes -3.55% 20.49% 16.62% 12.93% 19.25% 13.01% p.a. 6.14% p.a.

Blackrock Long-Short Active Capital Fund MAL0035AU Yes Yes n/a n/a n/a n/a n/a n/a n/a

BlackRock Monthly Income Fund – Class D MAL0012AU Yes Yes -7.01% 8.82% 6.91% n/a n/a n/a 3.71% p.a.

7


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)



AMP Responsible Investment Leaders Balanced Fund – Class A AMP0452AU Yes Yes -10.62% 17.32% n/a n/a n/a n/a 6.38% p.a.

Anatres Lodestar Absolute Return Trust – Australian Shares ANT0001AU No Yes -0.47% n/a n/a n/a n/a n/a 3.92% p.a.

ANZ Cash Plus Fund ANZ0150AU No Yes 4.44% 6.38% 5.82% 5.82% 5.57% 5.60% p.a. 5.57% p.a.

APN International Property for Income Fund APN0003AU Yes Yes -16.65% 17.17% 10.59% n/a n/a n/a 8.64% p.a.

APN Direct Property Fund APN0005AU Yes Yes 3.64% 18.32% n/a n/a n/a n/a 11.30% p.a.

APN Diversified Property Fund APN0006AU Yes Yes -4.52% 17.05% n/a n/a n/a n/a 7.70% p.a.

APN National Storage Property Trust APN0002AU No Yes n/a n/a n/a n/a n/a n/a *15.32%

APN Property For Income Fund APN0001AU Yes Yes -28.02% 27.58% 18.83% 23.56% 12.68% 8.43% p.a. 11.65% p.a.

APN Property for Income Fund No 2 APN0004AU Yes Yes -39.36% 26.43% 16.46% n/a n/a n/a -3.56% p.a.

Arrowstreet Emerging Markets Fund MAQ0477AU Yes Yes n/a n/a n/a n/a n/a n/a n/a

Arrowstreet Global Equity Fund MAQ0464AU Yes Yes -21.80% n/a n/a n/a n/a n/a -11.20% p.a.

Arrowstreet Global Equity Fund (Hedged) MAQ0079AU Yes Yes -23.00% 22.90% 16.10% 0.70% 17.30% 5.30% p.a. 3.60% p.a.


Artefact Partners Global L/S Equity Fd 2 PER0363AU No Yes -3.23% 3.44% 0.30% n/a n/a n/a n/a



Augustus Absolute Return Fund (AU) AFM0002AU No Yes 7.31% 7.43% 4.23% 9.89% n/a n/a 7.08% p.a.

Ausbil Aust Geared Equity Fund AAP0002AU Yes Yes -29.67% n/a n/a n/a n/a n/a n/a

Ausbil Inv Trust Aust Active Equity Fund AAP0103AU Yes Yes -10.35% 24.82% 30.22% 34.06% 28.79% 20.27% p.a. 13.59% p.a.

Ausbil Inv Trust Aust Emerging Leaders AAP0104AU Yes Yes -12.58% 28.44% 32.77% 37.93% 39.93% 23.54% p.a. 19.31% p.a.

Aust Unity W/s High Yield Mortgage Trst AUS0005AU Yes Yes 7.92% 7.92% 8.25% n/a n/a n/a 8.08% p.a.

Australian Ethical Equities Trust AUG0002AU Yes Yes -13.10% 36.90% 14.20% 21.30% 14.30% 13.10% p.a. 10.90% p.a.

Australian Ethical Large Companies Share AUG0004AU Yes Yes -13.90% 16.00% 16.00% 23.60% 20.60% 10.20% p.a. 9.60% p.a.

Australian Unity Intech High Opportunities Trust AUS0007AU No Yes -24.69% 7.03% n/a n/a n/a n/a -2.61% p.a.

Australian Unity Platypus Aust Eq Wsale AUS0030AU Yes Yes -13.35% 37.07% n/a n/a n/a n/a 8.75% p.a.

Australian Unity Prop Sec Fd – Ord Units GEM0111AU No Yes -37.48% 24.93% 15.55% 16.14% 15.44% 3.89% p.a. 8.15% p.a.

Australian Unity Wh Defined Income Trust SBC0006AU No Yes 6.23% 4.99% 4.53% 6.09% 3.02% 4.96% p.a. 5.83% p.a.

Australian Unity Wsale Mortgage Income AUS0116AU Yes Yes 7.07% 6.61% 6.01% 6.06% 6.03% 6.35% p.a. 6.32% p.a.

Australian Unity Wsale Property Income YOC0100AU Yes Yes -0.37% 16.50% 12.49% 11.69% 13.09% 10.53% p.a. 9.41% p.a.

AXA Australian Income Fund NML0010AU No Yes 6.25% 5.45% 4.74% 4.87% 4.54% 5.17% p.a. 7.59% p.a.

AXA Wholesale Global Equity Core Fund NMF0002AU Yes Yes -18.19% 7.94% 22.25% n/a n/a n/a 4.36% p.a.

AXA Wsale Aust Equity Industrial Fund NML0143AU Yes Yes -23.67% 29.89% 18.42% 25.25% 17.62% 11.58% p.a. 8.91% p.a.

AXA Wsale Aust. Monthly Income Fund NML0316AU Yes Yes 7.62% 6.72% 6.23% 6.13% 5.92% 6.52% p.a. 6.32% p.a.

AXA Wsale Australian Equity Value Fund NML0061AU Yes Yes -21.67% 27.30% 25.87% 32.42% 24.31% 15.62% p.a. 15.31% p.a.

AXA Wsale Australian Income Fund NML0257AU No Yes 6.67% 5.87% 5.16% 5.29% 4.94% 5.58% p.a. 5.52% p.a.

AXA Wsale Australian Property Fund NML0001AU Yes Yes -0.78% 17.73% 14.58% 14.12% 13.67% 11.67% p.a. 10.77% p.a.

AXA Wsale Global Equity Growth Fund NML0318AU Yes Yes -21.43% 4.63% 22.68% 0.88% 12.67% 2.77% p.a. -5.92% p.a.

AXA Wsale Global Equity Value Fund NML0348AU Yes Yes -29.23% 16.59% 26.32% 7.47% 19.78% 6.05% p.a. 1.58% p.a.

Basis Aust-Rim Diversified Fund BCF0100AU No Yes -48.83% -4.62% 16.58% 12.18% 5.08% -32.93% p.a. n/a

Basis Yield Fund BCF0001AU No Yes n/a n/a 18.67% 12.55% 9.10% n/a n/a

Becton Diversified Property Fund BEC0001AU Yes Yes 7.45% 18.25% n/a n/a n/a n/a 11.12% p.a.

BGI – Australian Equity Index Fund BGL0034AU Yes Yes -13.84% 28.41% 23.61% 25.68% 21.34% 15.83% p.a. 14.52% p.a.

BGI – Australian Fixed Interest Index Fund BGL0105AU Yes Yes 4.16% 3.76% 3.22% 7.60% 2.09% 4.15% p.a. 4.66% p.a.

BGI – Australian Share Fund BAR0814AU Yes Yes -14.42% 28.72% 27.00% 26.24% 20.36% 16.28% p.a. 15.32% p.a.

BGI – Diversified Growth Fund BAR0813AU Yes Yes -11.41% 16.36% 17.24% 14.45% 15.52% 9.82% p.a. 10.81% p.a.

BGI – Diversified Stable Fund BAR0811AU Yes Yes -2.43% 9.48% 9.34% 10.09% 8.28% 6.84% p.a. 7.82% p.a.

BGI – Global Markets Fund BGL0045AU No Yes 3.34% 17.90% 5.94% 11.66% n/a n/a 9.63% p.a.

BGI – International Share Fund BAR0817AU Yes Yes -23.55% 7.69% 20.96% 2.57% 19.48% 4.06% p.a. 5.41% p.a.

BGI – Intl Equity Index Fund BGL0106AU Yes Yes -21.29% 7.33% 19.85% -0.14% 19.26% 3.81% p.a. 0.99% p.a.

BGI – Intl Fixed Interest Index Fund BGL0107AU No Yes n/a 4.83% 0.83% 11.89% 3.13% n/a 6.29% p.a.

BGI – Property Securities Index Fund BGL0108AU Yes Yes -37.01% 25.56% 17.52% 18.61% 17.07% 5.24% p.a. 18.04% p.a.

BGI Hedged International Share Fund BGL0109AU Yes Yes -16.53% 23.30% 18.28% 15.69% 24.14% 11.82% p.a. 22.60% p.a.

BlackRock Asset Alloc Alpha Class D MAL0030AU No Yes 33.70% 3.69% n/a n/a n/a n/a 16.78% p.a.

BlackRock Aust Quant Strat Fd – Cl D MAL0013AU Yes Yes -10.40% 27.95% 21.86% n/a n/a n/a 13.23% p.a.

BlackRock Combined Prop Income – Class D Units MAL0008AU Yes Yes -14.72% 21.25% 17.58% 17.47% n/a n/a 11.70% p.a.

BlackRock Diversified Credit Fund MAL0011AU No Yes -2.33% 7.05% 6.25% n/a n/a n/a 3.97% p.a.

BlackRock Global Allocation Fund MAL0018AU Yes Yes 2.82% 16.22% n/a n/a n/a n/a 11.24% p.a.

BlackRock Global Small Cap Fund Class D MAL0133AU Yes Yes -11.37% 3.63% 26.22% 1.94% 34.47% 9.87% p.a. 0.06% p.a.

BlackRock Global Titans Fund Class D MAL0134AU Yes Yes -10.91% 5.31% 19.32% 0.24% 14.88% 5.30% p.a. -2.49% p.a.

BlackRock Hedged Global Small Cap Fund Class D MAL0135AU Yes Yes -4.22% 18.36% 23.91% 14.99% 40.18% 18.07% p.a. 8.92% p.a.

BlackRock Hedged Global Titans Fund Class D MAL0136AU Yes Yes -3.55% 20.49% 16.62% 12.93% 19.25% 13.01% p.a. 6.14% p.a.

Blackrock Long-Short Active Capital Fund MAL0035AU Yes Yes n/a n/a n/a n/a n/a n/a n/a

BlackRock Monthly Income Fund – Class D MAL0012AU Yes Yes -7.01% 8.82% 6.91% n/a n/a n/a 3.71% p.a.

8


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)



BlackRock Property Securities Fund – Class D MAL0151AU Yes Yes -38.70% 23.72% 18.32% 18.59% 15.03% 4.13% p.a. 5.55% p.a.

BlackRock Wholesale Balanced Fund PWA0822AU Yes Yes -5.34% 15.19% 18.74% 13.77% 15.42% 11.39% p.a. 8.86% p.a.

BlackRock Wsale Aust Share Fund PWA0823AU Yes Yes -7.26% 24.30% 29.17% 28.16% 20.88% 18.51% p.a. 11.41% p.a.

BlackRock Wsale Intl Share Fund PWA0824AU Yes Yes -10.39% 8.58% 16.89% 0.96% 15.25% 5.86% p.a. 6.29% p.a.

BlackRock Wsale Managed Income Fund PWA0821AU Yes Yes -4.60% 12.46% 8.54% 10.47% 9.21% 7.15% p.a. 7.16% p.a.

BT Global Return Fund RFA0028AU No Yes 1.38% 13.97% 7.74% 8.02% 8.58% 7.86% p.a. 7.40% p.a.

BT Institutional Enhanced Cash Fund WFS0377AU No Yes 4.44% 6.25% 5.88% 5.83% 5.60% 5.60% p.a. 5.40% p.a.

BT Institutional Managed Cash WFS0245AU No Yes 7.19% 6.23% 5.59% 5.41% 5.02% 5.43% p.a. 7.88% p.a.

BT Wholesale Asian Share Fund BTA0054AU Yes Yes -17.18% 25.90% 26.51% 17.70% 27.35% 14.61% p.a. 2.68% p.a.

BT Wholesale Property Securities Fund BTA0061AU Yes Yes -33.02% 25.83% 17.94% 16.95% 16.71% 6.29% p.a. 8.12% p.a.

BT Wholesale Technology Fund BTA0158AU No Yes -14.30% 15.83% 9.23% -11.02% 11.87% 1.54% p.a. -12.64% p.a.

BT Wsale Active Balanced Fund RFA0815AU Yes Yes -11.74% 14.95% 18.03% 14.90% 18.09% 10.19% p.a. 8.45% p.a.

BT Wsale Australian Share Fund BTA0055AU Yes Yes -10.60% 25.49% 27.41% 28.39% 24.82% 18.30% p.a. 10.90% p.a.

BT Wsale Australian Small Company Fund BTA0240AU No Yes -18.72% 41.76% 28.02% 44.23% 42.69% 24.87% p.a. 17.64% p.a.

BT Wsale Balanced Returns Fund BTA0806AU Yes Yes -9.91% 13.83% 16.48% 13.59% 14.54% 9.22% p.a. 7.91% p.a.

BT Wsale Conservative Outlook Fund BTA0805AU Yes Yes -3.49% 9.02% 9.48% 10.38% 8.20% 6.59% p.a. 8.83% p.a.

BT Wsale Core Australian Share Fund RFA0818AU Yes Yes -10.44% 25.47% 27.33% 28.09% 25.70% 18.16% p.a. 12.12% p.a.

BT Wsale Core Global Share Fund RFA0821AU Yes Yes -27.42% 6.38% 19.50% 2.28% 16.30% 1.88% p.a. 3.61% p.a.

BT Wsale Ethical Share Fund RFA0025AU Yes Yes -11.66% 32.00% 28.83% 30.56% 28.79% 20.36% p.a. 12.64% p.a.

BT Wsale European Share Fund BTA0124AU Yes Yes -21.05% 17.49% 26.63% 8.29% 19.65% 8.76% p.a. 1.65% p.a.

BT Wsale Fixed Interest Fund RFA0813AU Yes Yes 3.80% 3.68% 3.42% 6.69% 2.14% 3.93% p.a. 6.76% p.a.

BT Wsale Future Goals Fund BTA0125AU Yes Yes -14.33% 16.67% 20.85% 15.98% 18.56% 10.68% p.a. 5.09% p.a.

BT Wsale Imputation Fund RFA0103AU Yes Yes -11.00% 32.56% 29.33% 29.74% 27.57% 20.36% p.a. 14.53% p.a.

BT Wsale Intl Share Fund BTA0056AU Yes Yes -27.67% 6.06% 20.00% 2.00% 16.74% 1.85% p.a. 2.88% p.a.

BT Wsale Property Investment Fund RFA0817AU Yes Yes -32.93% 25.82% 17.14% 16.54% 16.71% 6.10% p.a. 9.62% p.a.

BT Wsale Smaller Companies Fund RFA0819AU Yes Yes -18.32% 41.92% 27.47% 42.43% 44.36% 24.89% p.a. 16.03% p.a.

BT Wsale Tax Effective Income Fund RFA0102AU Yes Yes -9.21% 20.40% 17.50% 18.29% 16.28% 12.05% p.a. 10.28% p.a.

BT Wsale Value Global Share Fund RFA0109AU No Yes -28.97% 17.89% 18.80% 3.42% 18.83% 4.10% p.a. -1.45% p.a.

Centro Dir Property Fund International MCS0001AU Yes Yes -18.83% 10.95% n/a n/a n/a n/a 0.18% p.a.

Centro Direct Property Fund MCS0011AU Yes Yes -9.60% 16.58% 18.24% 21.16% 9.96% 10.67% p.a. 11.42% p.a.

CFS 452 Wsale Aust. Share Fund FSF0079AU Yes Yes -20.56% 27.92% 15.92% 21.62% 27.16% n/a 12.76% p.a.

CFS Acadian Global Equity Fund FSF0710AU Yes Yes -22.43% 10.46% 27.96% n/a n/a n/a 3.05% p.a.

CFS B&M Fund CML0002AU No Yes 5.76% 5.23% 5.15% 5.18% 5.75% 5.41% p.a. 5.33% p.a.

CFS Colliers International Property Securities FSF0454AU Yes Yes -25.06% 27.19% 24.64% 48.03% n/a n/a 17.03% p.a.

CFS Global Resources Long Short Fund FSF0698AU No Yes 14.77% 13.91% n/a n/a n/a n/a 18.20% p.a.

CFS Wholesale Index Property Securities Fund CMI0105AU Yes Yes -36.37% 25.06% 17.68% 17.83% 16.99% 5.24% p.a. 7.58% p.a.

CFS Wsale Global Health & Biotech FSF0146AU No Yes -16.80% 0.25% 18.43% -3.39% 10.06% 0.99% p.a. -3.80% p.a.

CFS Wsale Aust Bond Fund FSF0027AU Yes Yes 4.03% 3.22% 3.27% 7.71% 2.92% 4.21% p.a. 6.50% p.a.

CFS Wsale Aust. Corporate Debt Fund FSF0149AU Yes Yes 1.30% 4.29% 3.90% 7.44% 4.00% 4.17% p.a. 5.42% p.a.

CFS Wsale Australian Share Fund FSF0002AU Yes Yes -15.27% 21.85% 23.78% 28.91% 16.96% 14.02% p.a. 12.07% p.a.

CFS Wsale Australian Share Fund – Core CFM0404AU Yes Yes -8.02% 28.12% 27.85% 28.24% 20.68% 18.45% p.a. 13.06% p.a.

CFS Wsale Balanced Fund FSF0040AU Yes Yes -8.08% 10.16% 12.79% 10.93% 8.61% 6.59% p.a. 7.34% p.a.

CFS Wsale Conservative Fund FSF0033AU Yes Yes -2.43% 9.29% 10.61% 9.48% 8.07% 6.89% p.a. 7.49% p.a.

CFS Wsale Diversified Fund FSF0008AU Yes Yes -15.01% 14.47% 15.72% 12.89% 11.95% 7.31% p.a. 8.36% p.a.

CFS Wsale Fixed Interest Strategies FSF0175AU No Yes n/a 7.14% 6.78% 5.72% 9.71% n/a n/a

CFS Wsale Geared Global Share Fund FSF0170AU Yes Yes -28.64% 10.94% 23.48% -3.64% 15.47% 1.69% p.a. -6.73% p.a.

CFS Wsale Geared Share Fund FSF0043AU Yes Yes -34.13% 43.23% 55.81% 62.47% 38.53% 27.04% p.a. 21.18% p.a.

CFS Wsale Global Credit Income Fund FSF0084AU Yes Yes 1.91% 6.76% 6.47% 6.28% 7.04% 5.67% p.a. 5.74% p.a.

CFS Wsale Global Diversified Strategies Fund FSF0176AU No Yes n/a 12.63% 10.76% 6.37% 11.20% n/a n/a

CFS Wsale Global Resources FSF0038AU Yes Yes 20.87% 24.59% 59.43% 21.57% 40.29% 32.57% p.a. 19.08% p.a.

CFS Wsale Global Share Fund FSF0047AU Yes Yes -17.19% 9.70% 17.97% -0.31% 12.20% 3.69% p.a. 3.18% p.a.

CFS Wsale Global Tech & Comms Fund FSF0143AU No Yes -20.06% 13.10% 13.14% -3.82% 18.02% 3.03% p.a. -6.01% p.a.

CFS Wsale High Growth Fund FSF0498AU Yes Yes -19.72% 19.44% 23.09% 12.45% 18.32% 9.45% p.a. 6.58% p.a.

CFS Wsale Imputation Fund FSF0003AU Yes Yes -15.54% 21.97% 24.96% 27.66% 15.77% 13.73% p.a. 14.25% p.a.

CFS Wsale Income Fund FSF0139AU Yes Yes 5.26% 6.73% 6.07% 5.87% 5.60% 5.90% p.a. 5.96% p.a.

CFS Wsale PM Capital Aust Sh Fund FSF0455AU Yes Yes -29.68% 24.37% 28.36% 17.33% n/a n/a 7.81% p.a.

CFS Wsale Premium Cash Fund COM0024AU No Yes 7.03% 6.04% 5.38% 5.21% 4.87% 5.70% p.a. 5.63% p.a.

CFS Wsale Property Securities FSF0004AU Yes Yes -43.82% 23.53% 22.71% 23.07% 12.83% 3.41% p.a. 8.64% p.a.

CFS Wsale Small Companies Fund – Core CMI0111AU Yes Yes -28.19% 48.69% 36.61% 41.82% 43.60% 15.92% p.a. 11.90% p.a.

Challenger Global Infrastructure Fund HOW0031AU No Yes 7.14% 18.94% n/a n/a n/a n/a 12.32% p.a.

Challenger Howard Wsale Mortgage Fund HOW0005AU Yes Yes 7.31% 6.78% 6.34% 6.34% 5.98% 6.55% p.a. 6.38% p.a.

Challenger Select Aust Sh Fund – Wsale HOW0026AU Yes Yes -30.17% 33.38% 25.96% n/a n/a n/a 8.63% p.a.

Challenger Wsale Asian Share Fund HBC0010AU Yes Yes -15.94% 29.01% 27.21% 15.53% 24.65% 14.71% p.a. 3.05% p.a.

Investment returns to 30 June 2008 continued

9


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)



BlackRock Property Securities Fund – Class D MAL0151AU Yes Yes -38.70% 23.72% 18.32% 18.59% 15.03% 4.13% p.a. 5.55% p.a.

BlackRock Wholesale Balanced Fund PWA0822AU Yes Yes -5.34% 15.19% 18.74% 13.77% 15.42% 11.39% p.a. 8.86% p.a.

BlackRock Wsale Aust Share Fund PWA0823AU Yes Yes -7.26% 24.30% 29.17% 28.16% 20.88% 18.51% p.a. 11.41% p.a.

BlackRock Wsale Intl Share Fund PWA0824AU Yes Yes -10.39% 8.58% 16.89% 0.96% 15.25% 5.86% p.a. 6.29% p.a.

BlackRock Wsale Managed Income Fund PWA0821AU Yes Yes -4.60% 12.46% 8.54% 10.47% 9.21% 7.15% p.a. 7.16% p.a.

BT Global Return Fund RFA0028AU No Yes 1.38% 13.97% 7.74% 8.02% 8.58% 7.86% p.a. 7.40% p.a.

BT Institutional Enhanced Cash Fund WFS0377AU No Yes 4.44% 6.25% 5.88% 5.83% 5.60% 5.60% p.a. 5.40% p.a.

BT Institutional Managed Cash WFS0245AU No Yes 7.19% 6.23% 5.59% 5.41% 5.02% 5.43% p.a. 7.88% p.a.

BT Wholesale Asian Share Fund BTA0054AU Yes Yes -17.18% 25.90% 26.51% 17.70% 27.35% 14.61% p.a. 2.68% p.a.

BT Wholesale Property Securities Fund BTA0061AU Yes Yes -33.02% 25.83% 17.94% 16.95% 16.71% 6.29% p.a. 8.12% p.a.

BT Wholesale Technology Fund BTA0158AU No Yes -14.30% 15.83% 9.23% -11.02% 11.87% 1.54% p.a. -12.64% p.a.

BT Wsale Active Balanced Fund RFA0815AU Yes Yes -11.74% 14.95% 18.03% 14.90% 18.09% 10.19% p.a. 8.45% p.a.

BT Wsale Australian Share Fund BTA0055AU Yes Yes -10.60% 25.49% 27.41% 28.39% 24.82% 18.30% p.a. 10.90% p.a.

BT Wsale Australian Small Company Fund BTA0240AU No Yes -18.72% 41.76% 28.02% 44.23% 42.69% 24.87% p.a. 17.64% p.a.

BT Wsale Balanced Returns Fund BTA0806AU Yes Yes -9.91% 13.83% 16.48% 13.59% 14.54% 9.22% p.a. 7.91% p.a.

BT Wsale Conservative Outlook Fund BTA0805AU Yes Yes -3.49% 9.02% 9.48% 10.38% 8.20% 6.59% p.a. 8.83% p.a.

BT Wsale Core Australian Share Fund RFA0818AU Yes Yes -10.44% 25.47% 27.33% 28.09% 25.70% 18.16% p.a. 12.12% p.a.

BT Wsale Core Global Share Fund RFA0821AU Yes Yes -27.42% 6.38% 19.50% 2.28% 16.30% 1.88% p.a. 3.61% p.a.

BT Wsale Ethical Share Fund RFA0025AU Yes Yes -11.66% 32.00% 28.83% 30.56% 28.79% 20.36% p.a. 12.64% p.a.

BT Wsale European Share Fund BTA0124AU Yes Yes -21.05% 17.49% 26.63% 8.29% 19.65% 8.76% p.a. 1.65% p.a.

BT Wsale Fixed Interest Fund RFA0813AU Yes Yes 3.80% 3.68% 3.42% 6.69% 2.14% 3.93% p.a. 6.76% p.a.

BT Wsale Future Goals Fund BTA0125AU Yes Yes -14.33% 16.67% 20.85% 15.98% 18.56% 10.68% p.a. 5.09% p.a.

BT Wsale Imputation Fund RFA0103AU Yes Yes -11.00% 32.56% 29.33% 29.74% 27.57% 20.36% p.a. 14.53% p.a.

BT Wsale Intl Share Fund BTA0056AU Yes Yes -27.67% 6.06% 20.00% 2.00% 16.74% 1.85% p.a. 2.88% p.a.

BT Wsale Property Investment Fund RFA0817AU Yes Yes -32.93% 25.82% 17.14% 16.54% 16.71% 6.10% p.a. 9.62% p.a.

BT Wsale Smaller Companies Fund RFA0819AU Yes Yes -18.32% 41.92% 27.47% 42.43% 44.36% 24.89% p.a. 16.03% p.a.

BT Wsale Tax Effective Income Fund RFA0102AU Yes Yes -9.21% 20.40% 17.50% 18.29% 16.28% 12.05% p.a. 10.28% p.a.

BT Wsale Value Global Share Fund RFA0109AU No Yes -28.97% 17.89% 18.80% 3.42% 18.83% 4.10% p.a. -1.45% p.a.

Centro Dir Property Fund International MCS0001AU Yes Yes -18.83% 10.95% n/a n/a n/a n/a 0.18% p.a.

Centro Direct Property Fund MCS0011AU Yes Yes -9.60% 16.58% 18.24% 21.16% 9.96% 10.67% p.a. 11.42% p.a.

CFS 452 Wsale Aust. Share Fund FSF0079AU Yes Yes -20.56% 27.92% 15.92% 21.62% 27.16% n/a 12.76% p.a.

CFS Acadian Global Equity Fund FSF0710AU Yes Yes -22.43% 10.46% 27.96% n/a n/a n/a 3.05% p.a.

CFS B&M Fund CML0002AU No Yes 5.76% 5.23% 5.15% 5.18% 5.75% 5.41% p.a. 5.33% p.a.

CFS Colliers International Property Securities FSF0454AU Yes Yes -25.06% 27.19% 24.64% 48.03% n/a n/a 17.03% p.a.

CFS Global Resources Long Short Fund FSF0698AU No Yes 14.77% 13.91% n/a n/a n/a n/a 18.20% p.a.

CFS Wholesale Index Property Securities Fund CMI0105AU Yes Yes -36.37% 25.06% 17.68% 17.83% 16.99% 5.24% p.a. 7.58% p.a.

CFS Wsale Global Health & Biotech FSF0146AU No Yes -16.80% 0.25% 18.43% -3.39% 10.06% 0.99% p.a. -3.80% p.a.

CFS Wsale Aust Bond Fund FSF0027AU Yes Yes 4.03% 3.22% 3.27% 7.71% 2.92% 4.21% p.a. 6.50% p.a.

CFS Wsale Aust. Corporate Debt Fund FSF0149AU Yes Yes 1.30% 4.29% 3.90% 7.44% 4.00% 4.17% p.a. 5.42% p.a.

CFS Wsale Australian Share Fund FSF0002AU Yes Yes -15.27% 21.85% 23.78% 28.91% 16.96% 14.02% p.a. 12.07% p.a.

CFS Wsale Australian Share Fund – Core CFM0404AU Yes Yes -8.02% 28.12% 27.85% 28.24% 20.68% 18.45% p.a. 13.06% p.a.

CFS Wsale Balanced Fund FSF0040AU Yes Yes -8.08% 10.16% 12.79% 10.93% 8.61% 6.59% p.a. 7.34% p.a.

CFS Wsale Conservative Fund FSF0033AU Yes Yes -2.43% 9.29% 10.61% 9.48% 8.07% 6.89% p.a. 7.49% p.a.

CFS Wsale Diversified Fund FSF0008AU Yes Yes -15.01% 14.47% 15.72% 12.89% 11.95% 7.31% p.a. 8.36% p.a.

CFS Wsale Fixed Interest Strategies FSF0175AU No Yes n/a 7.14% 6.78% 5.72% 9.71% n/a n/a

CFS Wsale Geared Global Share Fund FSF0170AU Yes Yes -28.64% 10.94% 23.48% -3.64% 15.47% 1.69% p.a. -6.73% p.a.

CFS Wsale Geared Share Fund FSF0043AU Yes Yes -34.13% 43.23% 55.81% 62.47% 38.53% 27.04% p.a. 21.18% p.a.

CFS Wsale Global Credit Income Fund FSF0084AU Yes Yes 1.91% 6.76% 6.47% 6.28% 7.04% 5.67% p.a. 5.74% p.a.

CFS Wsale Global Diversified Strategies Fund FSF0176AU No Yes n/a 12.63% 10.76% 6.37% 11.20% n/a n/a

CFS Wsale Global Resources FSF0038AU Yes Yes 20.87% 24.59% 59.43% 21.57% 40.29% 32.57% p.a. 19.08% p.a.

CFS Wsale Global Share Fund FSF0047AU Yes Yes -17.19% 9.70% 17.97% -0.31% 12.20% 3.69% p.a. 3.18% p.a.

CFS Wsale Global Tech & Comms Fund FSF0143AU No Yes -20.06% 13.10% 13.14% -3.82% 18.02% 3.03% p.a. -6.01% p.a.

CFS Wsale High Growth Fund FSF0498AU Yes Yes -19.72% 19.44% 23.09% 12.45% 18.32% 9.45% p.a. 6.58% p.a.

CFS Wsale Imputation Fund FSF0003AU Yes Yes -15.54% 21.97% 24.96% 27.66% 15.77% 13.73% p.a. 14.25% p.a.

CFS Wsale Income Fund FSF0139AU Yes Yes 5.26% 6.73% 6.07% 5.87% 5.60% 5.90% p.a. 5.96% p.a.

CFS Wsale PM Capital Aust Sh Fund FSF0455AU Yes Yes -29.68% 24.37% 28.36% 17.33% n/a n/a 7.81% p.a.

CFS Wsale Premium Cash Fund COM0024AU No Yes 7.03% 6.04% 5.38% 5.21% 4.87% 5.70% p.a. 5.63% p.a.

CFS Wsale Property Securities FSF0004AU Yes Yes -43.82% 23.53% 22.71% 23.07% 12.83% 3.41% p.a. 8.64% p.a.

CFS Wsale Small Companies Fund – Core CMI0111AU Yes Yes -28.19% 48.69% 36.61% 41.82% 43.60% 15.92% p.a. 11.90% p.a.

Challenger Global Infrastructure Fund HOW0031AU No Yes 7.14% 18.94% n/a n/a n/a n/a 12.32% p.a.

Challenger Howard Wsale Mortgage Fund HOW0005AU Yes Yes 7.31% 6.78% 6.34% 6.34% 5.98% 6.55% p.a. 6.38% p.a.

Challenger Select Aust Sh Fund – Wsale HOW0026AU Yes Yes -30.17% 33.38% 25.96% n/a n/a n/a 8.63% p.a.

Challenger Wsale Asian Share Fund HBC0010AU Yes Yes -15.94% 29.01% 27.21% 15.53% 24.65% 14.71% p.a. 3.05% p.a.

10


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)



Challenger Wsale Aust. Share Income Fund HBC0011AU Yes Yes -17.47% 21.61% n/a n/a n/a n/a 3.29% p.a.

Challenger Wsale Australian Share Fund PAM0001AU Yes Yes -23.15% 30.11% 26.29% 28.01% 19.05% 13.99% p.a. 13.41% p.a.

Challenger Wsale High Yield fund HOW0141AU Yes Yes -11.16% 7.92% 6.97% 10.89% 10.01% 4.58% p.a. 5.41% p.a.

Challenger Wsale Hybrid Property Fund HBC0013AU Yes Yes -11.15% 19.43% 12.63% 11.39% 10.96% 8.12% p.a. 10.76% p.a.

Challenger Wsale Microcap Fund HOW0027AU Yes Yes -32.21% 68.32% 28.56% n/a n/a n/a 10.74% p.a.

Challenger Wsale MTM Intl Share Fund HBC0012AU No Yes -9.57% 24.32% n/a n/a n/a n/a 7.63% p.a.

Challenger Wsale Property Securities Fund HBC0008AU Yes Yes -37.13% 24.43% 18.63% 17.54% 16.10% 4.84% p.a. 9.42% p.a.

Challenger Wsale Smaller Companies Fund HOW0016AU Yes Yes -14.65% 52.18% 11.05% 17.35% 53.06% 20.97% p.a. 21.61% p.a.

Challenger Wsale Social Respon Sh Fund HOW0121AU Yes Yes -27.40% 29.68% 19.19% 26.65% 13.44% 10.02% p.a. 8.67% p.a.

Charter Hall Diversified Property Fund CHF0001AU Yes Yes 29.60% 16.00% n/a n/a n/a n/a 18.90% p.a.

Chifley Investment Fund – Australian Equities CFS0003AU Yes Yes -16.40% 26.48% 22.14% 26.01% 21.17% 14.54% p.a. 13.22% p.a.

Chifley Investment Fund Australian Fixed Income CFS0005AU Yes Yes 5.15% 3.28% 3.33% 6.17% n/a n/a 4.74% p.a.

Chifley Investment Fund International Equities CFS0008AU Yes Yes -17.95% 9.01% 22.18% 7.21% 20.64% 7.17% p.a. 5.84% p.a.

Chifley Investment Fund International Fixed Income CFS0010AU Yes Yes 5.30% 6.10% 1.01% 11.09% n/a n/a 5.62% p.a.

Concord Australian Equity Fund MAQ0424AU Yes Yes -13.40% 28.66% 23.93% 26.35% n/a n/a 10.60% p.a.

Credit Suisse Aust Smaller Comp Fund CSA0131AU Yes Yes -28.09% 37.24% 20.93% 27.43% 63.10% 19.92% p.a. 16.11% p.a.

Credit Suisse Aust. Fixed Interest Fund CRS0004AU Yes Yes 1.29% 3.80% 3.95% 7.97% 3.24% 4.03% p.a. 6.84% p.a.

Credit Suisse Australian Shares Fund CRS0003AU Yes Yes -13.69% 26.22% 24.64% 23.54% 14.94% 14.03% p.a. 11.16% p.a.

Credit Suisse Capital Growth Fund CRS0002AU Yes Yes -10.98% 13.30% 17.48% 11.22% 13.45% 8.37% p.a. 8.09% p.a.

Credit Suisse Capital Stable Fund CRS0001AU Yes Yes -4.90% 9.80% 10.55% 8.89% 8.72% 6.44% p.a. 6.70% p.a.

Credit Suisse Cash Fund CRS0009AU Yes Yes 6.60% 6.11% 5.73% 5.53% 5.32% 5.86% p.a. 5.64% p.a.

Credit Suisse Fully Hdgd Int'l Shares CSA0135AU Yes Yes -11.44% 19.66% 20.87% 10.41% 21.27% 11.39% p.a. 3.10% p.a.

Credit Suisse Global Income Fund CSA0038AU Yes Yes -2.84% 7.31% 8.08% 8.02% n/a n/a 5.43% p.a.

Credit Suisse Global Private Equity Fund CSA0042AU No Yes -3.84% -9.03% n/a n/a n/a n/a -13.72% p.a.

Credit Suisse Intl Fixed Interest Fund CRS0006AU Yes Yes 8.46% 4.54% 0.47% 11.95% 2.72% 5.55% p.a. 7.55% p.a.

Credit Suisse Intl Share Fund CRS0005AU Yes Yes -18.45% 4.62% 22.54% -2.58% 20.58% 4.20% p.a. 8.40% p.a.

Credit Suisse Property Fund CRS0007AU Yes Yes -37.46% 25.42% 15.35% 19.36% 18.14% 4.99% p.a. 9.15% p.a.

Credit Suisse Syndicated Loan Fund CSA0046AU Yes Yes 0.83% 9.39% 8.06% n/a n/a n/a 7.10% p.a.

Credit Suisse Unhedged Int'l Shares Fund CSA0136AU Yes Yes -18.64% 4.21% 22.16% -2.55% 18.38% 3.62% p.a. -4.89% p.a.

Credit Suisse/Tremont Strat Index Fund CSA0065AU No Yes -0.96% n/a n/a n/a n/a n/a -1.36% p.a.

Cromwell Property Fund CRM0004AU No Yes 5.50% 8.58% n/a n/a n/a n/a 6.54% p.a.

CSL Active Commodities Fund MAQ0445AU No Yes 48.70% 1.90% n/a n/a n/a n/a 21.60% p.a.

Custom Choice Ws Boutique Aus Sh Pfolio HOW0019AU Yes Yes -13.86% 26.90% 20.00% 25.15% n/a n/a 14.04% p.a.

Custom Choice Ws Inter Share Pfolio HOW0029AU No Yes -10.69% 23.28% n/a n/a n/a n/a 7.11% p.a.

Custom Choice Wsale Aust Share Portfolio HBC0113AU No Yes -15.67% 27.64% n/a n/a n/a n/a 9.81% p.a.

DDH Australian Equities Fund DDH0003AU Yes Yes -16.11% n/a n/a n/a n/a n/a -0.04% p.a.

DDH Global Fixed Interest Alpha Fund DDH0007AU No Yes 8.34% n/a n/a n/a n/a n/a 10.68% p.a.

Deutsche Income Fund MGL0007AU No Yes n/a n/a n/a n/a n/a n/a n/a

5-Yr Diversified Fixed Interest – AUD Class Units DFA0108AU Yes Yes 7.31% 6.03% 1.98% 9.91% 3.43% 5.69% p.a. 6.64% p.a.

5-Yr Diversified Fixed Interest – NZD Class Units DFA0001AU No Yes -4.60% 19.38% -7.03% 11.50% n/a n/a 4.50% p.a.

Dimensional Aust Large Company Trust DFA0103AU Yes Yes -12.73% 27.12% 23.70% 24.93% 21.03% 15.72% p.a. 10.31% p.a.

Dimensional Aust Small Company Trust DFA0104AU Yes Yes -13.01% 46.21% 23.94% 23.70% 33.53% 21.09% p.a. 13.85% p.a.

Dimensional Australian Core Equity Trust DFA0003AU Yes Yes -18.09% n/a n/a n/a n/a n/a 4.78% p.a.

Dimensional Australian Value Trust DFA0101AU Yes Yes -15.20% 33.37% 20.83% 25.28% 33.16% 17.92% p.a. 13.71% p.a.

Dimensional Emerging Markets Trust DFA0107AU Yes Yes -12.28% 30.96% 31.42% 22.24% 26.28% 18.44% p.a. 7.58% p.a.

Dimensional Global Core Equity Trust DFA0004AU Yes Yes -23.99% n/a n/a n/a n/a n/a -15.61% p.a.

Dimensional Global Large Company Trust DFA0105AU Yes Yes -21.18% 7.69% 20.15% -0.89% 19.83% 3.91% p.a. -4.30% p.a.

Dimensional Global Real Estate Trust DFA0005AU Yes Yes n/a n/a n/a n/a n/a n/a -32.04% p.a.

Dimensional Global Small Company Trust DFA0106AU Yes Yes -26.82% 7.24% 24.22% 3.71% 34.63% 6.36% p.a. 2.25% p.a.

Dimensional Global Value Trust DFA0102AU Yes Yes -27.77% 11.68% 25.87% 5.58% 30.03% 6.87% p.a. 3.07% p.a.

Dimensional Short Term Fixed Int Trust DFA0100AU Yes Yes 7.18% 6.22% 5.42% 5.53% 4.86% 5.84% p.a. 5.48% p.a.

Dimensional Two-Year Div Fixed Int Trust DFA0002AU Yes Yes 7.24% 5.84% n/a n/a n/a n/a 6.12% p.a.

Diversified Investment Strategy No.2 IPA0115AU No Yes -11.96% 17.00% 16.54% 14.65% 15.45% 9.70% p.a. 5.41% p.a.



Diversified Investment Strategy No.5 IPA0055AU No Yes -11.17% 18.48% n/a n/a n/a n/a 5.77% p.a.

Donaldson Burston THS Partners Global Equity Fund ETL0096AU Yes Yes -15.79% -1.50% n/a n/a n/a n/a -14.99% p.a.

DWS Global Equity Agribusiness Fund MGL0019AU Yes Yes 3.06% n/a n/a n/a n/a n/a 13.68% p.a.

DWS Global Equity Thematic Fully Hedged MGL0018AU Yes Yes -18.96% n/a n/a n/a n/a n/a -2.47% p.a.

DWS Global Equity Thematic Fund MGL0004AU Yes Yes -24.17% 16.17% 37.84% 8.80% 18.15% 9.31% p.a. 8.95% p.a.

DWS Strategic Value Fund DEU0109AU No Yes 4.88% 14.90% 15.56% 8.34% 9.45% 10.55% p.a. 9.34% p.a.

EII Global Property Fund MAQ0463AU Yes Yes -28.30% 30.60% n/a n/a n/a n/a -4.90% p.a.

Eley Griffiths Group Small Companies Fund EGG0001AU Yes Yes -13.77% 38.85% 29.86% 35.71% n/a n/a 20.61% p.a.


11


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)



Challenger Wsale Aust. Share Income Fund HBC0011AU Yes Yes -17.47% 21.61% n/a n/a n/a n/a 3.29% p.a.

Challenger Wsale Australian Share Fund PAM0001AU Yes Yes -23.15% 30.11% 26.29% 28.01% 19.05% 13.99% p.a. 13.41% p.a.

Challenger Wsale High Yield fund HOW0141AU Yes Yes -11.16% 7.92% 6.97% 10.89% 10.01% 4.58% p.a. 5.41% p.a.

Challenger Wsale Hybrid Property Fund HBC0013AU Yes Yes -11.15% 19.43% 12.63% 11.39% 10.96% 8.12% p.a. 10.76% p.a.

Challenger Wsale Microcap Fund HOW0027AU Yes Yes -32.21% 68.32% 28.56% n/a n/a n/a 10.74% p.a.

Challenger Wsale MTM Intl Share Fund HBC0012AU No Yes -9.57% 24.32% n/a n/a n/a n/a 7.63% p.a.

Challenger Wsale Property Securities Fund HBC0008AU Yes Yes -37.13% 24.43% 18.63% 17.54% 16.10% 4.84% p.a. 9.42% p.a.

Challenger Wsale Smaller Companies Fund HOW0016AU Yes Yes -14.65% 52.18% 11.05% 17.35% 53.06% 20.97% p.a. 21.61% p.a.

Challenger Wsale Social Respon Sh Fund HOW0121AU Yes Yes -27.40% 29.68% 19.19% 26.65% 13.44% 10.02% p.a. 8.67% p.a.

Charter Hall Diversified Property Fund CHF0001AU Yes Yes 29.60% 16.00% n/a n/a n/a n/a 18.90% p.a.

Chifley Investment Fund – Australian Equities CFS0003AU Yes Yes -16.40% 26.48% 22.14% 26.01% 21.17% 14.54% p.a. 13.22% p.a.

Chifley Investment Fund Australian Fixed Income CFS0005AU Yes Yes 5.15% 3.28% 3.33% 6.17% n/a n/a 4.74% p.a.

Chifley Investment Fund International Equities CFS0008AU Yes Yes -17.95% 9.01% 22.18% 7.21% 20.64% 7.17% p.a. 5.84% p.a.

Chifley Investment Fund International Fixed Income CFS0010AU Yes Yes 5.30% 6.10% 1.01% 11.09% n/a n/a 5.62% p.a.

Concord Australian Equity Fund MAQ0424AU Yes Yes -13.40% 28.66% 23.93% 26.35% n/a n/a 10.60% p.a.

Credit Suisse Aust Smaller Comp Fund CSA0131AU Yes Yes -28.09% 37.24% 20.93% 27.43% 63.10% 19.92% p.a. 16.11% p.a.

Credit Suisse Aust. Fixed Interest Fund CRS0004AU Yes Yes 1.29% 3.80% 3.95% 7.97% 3.24% 4.03% p.a. 6.84% p.a.

Credit Suisse Australian Shares Fund CRS0003AU Yes Yes -13.69% 26.22% 24.64% 23.54% 14.94% 14.03% p.a. 11.16% p.a.

Credit Suisse Capital Growth Fund CRS0002AU Yes Yes -10.98% 13.30% 17.48% 11.22% 13.45% 8.37% p.a. 8.09% p.a.

Credit Suisse Capital Stable Fund CRS0001AU Yes Yes -4.90% 9.80% 10.55% 8.89% 8.72% 6.44% p.a. 6.70% p.a.

Credit Suisse Cash Fund CRS0009AU Yes Yes 6.60% 6.11% 5.73% 5.53% 5.32% 5.86% p.a. 5.64% p.a.

Credit Suisse Fully Hdgd Int'l Shares CSA0135AU Yes Yes -11.44% 19.66% 20.87% 10.41% 21.27% 11.39% p.a. 3.10% p.a.

Credit Suisse Global Income Fund CSA0038AU Yes Yes -2.84% 7.31% 8.08% 8.02% n/a n/a 5.43% p.a.

Credit Suisse Global Private Equity Fund CSA0042AU No Yes -3.84% -9.03% n/a n/a n/a n/a -13.72% p.a.

Credit Suisse Intl Fixed Interest Fund CRS0006AU Yes Yes 8.46% 4.54% 0.47% 11.95% 2.72% 5.55% p.a. 7.55% p.a.

Credit Suisse Intl Share Fund CRS0005AU Yes Yes -18.45% 4.62% 22.54% -2.58% 20.58% 4.20% p.a. 8.40% p.a.

Credit Suisse Property Fund CRS0007AU Yes Yes -37.46% 25.42% 15.35% 19.36% 18.14% 4.99% p.a. 9.15% p.a.

Credit Suisse Syndicated Loan Fund CSA0046AU Yes Yes 0.83% 9.39% 8.06% n/a n/a n/a 7.10% p.a.

Credit Suisse Unhedged Int'l Shares Fund CSA0136AU Yes Yes -18.64% 4.21% 22.16% -2.55% 18.38% 3.62% p.a. -4.89% p.a.

Credit Suisse/Tremont Strat Index Fund CSA0065AU No Yes -0.96% n/a n/a n/a n/a n/a -1.36% p.a.

Cromwell Property Fund CRM0004AU No Yes 5.50% 8.58% n/a n/a n/a n/a 6.54% p.a.

CSL Active Commodities Fund MAQ0445AU No Yes 48.70% 1.90% n/a n/a n/a n/a 21.60% p.a.

Custom Choice Ws Boutique Aus Sh Pfolio HOW0019AU Yes Yes -13.86% 26.90% 20.00% 25.15% n/a n/a 14.04% p.a.

Custom Choice Ws Inter Share Pfolio HOW0029AU No Yes -10.69% 23.28% n/a n/a n/a n/a 7.11% p.a.

Custom Choice Wsale Aust Share Portfolio HBC0113AU No Yes -15.67% 27.64% n/a n/a n/a n/a 9.81% p.a.

DDH Australian Equities Fund DDH0003AU Yes Yes -16.11% n/a n/a n/a n/a n/a -0.04% p.a.

DDH Global Fixed Interest Alpha Fund DDH0007AU No Yes 8.34% n/a n/a n/a n/a n/a 10.68% p.a.

Deutsche Income Fund MGL0007AU No Yes n/a n/a n/a n/a n/a n/a n/a

5-Yr Diversified Fixed Interest – AUD Class Units DFA0108AU Yes Yes 7.31% 6.03% 1.98% 9.91% 3.43% 5.69% p.a. 6.64% p.a.

5-Yr Diversified Fixed Interest – NZD Class Units DFA0001AU No Yes -4.60% 19.38% -7.03% 11.50% n/a n/a 4.50% p.a.

Dimensional Aust Large Company Trust DFA0103AU Yes Yes -12.73% 27.12% 23.70% 24.93% 21.03% 15.72% p.a. 10.31% p.a.

Dimensional Aust Small Company Trust DFA0104AU Yes Yes -13.01% 46.21% 23.94% 23.70% 33.53% 21.09% p.a. 13.85% p.a.

Dimensional Australian Core Equity Trust DFA0003AU Yes Yes -18.09% n/a n/a n/a n/a n/a 4.78% p.a.

Dimensional Australian Value Trust DFA0101AU Yes Yes -15.20% 33.37% 20.83% 25.28% 33.16% 17.92% p.a. 13.71% p.a.

Dimensional Emerging Markets Trust DFA0107AU Yes Yes -12.28% 30.96% 31.42% 22.24% 26.28% 18.44% p.a. 7.58% p.a.

Dimensional Global Core Equity Trust DFA0004AU Yes Yes -23.99% n/a n/a n/a n/a n/a -15.61% p.a.

Dimensional Global Large Company Trust DFA0105AU Yes Yes -21.18% 7.69% 20.15% -0.89% 19.83% 3.91% p.a. -4.30% p.a.

Dimensional Global Real Estate Trust DFA0005AU Yes Yes n/a n/a n/a n/a n/a n/a -32.04% p.a.

Dimensional Global Small Company Trust DFA0106AU Yes Yes -26.82% 7.24% 24.22% 3.71% 34.63% 6.36% p.a. 2.25% p.a.

Dimensional Global Value Trust DFA0102AU Yes Yes -27.77% 11.68% 25.87% 5.58% 30.03% 6.87% p.a. 3.07% p.a.

Dimensional Short Term Fixed Int Trust DFA0100AU Yes Yes 7.18% 6.22% 5.42% 5.53% 4.86% 5.84% p.a. 5.48% p.a.

Dimensional Two-Year Div Fixed Int Trust DFA0002AU Yes Yes 7.24% 5.84% n/a n/a n/a n/a 6.12% p.a.




Diversified Investment Strategy No.5 IPA0055AU No Yes -11.17% 18.48% n/a n/a n/a n/a 5.77% p.a.

Donaldson Burston THS Partners Global Equity Fund ETL0096AU Yes Yes -15.79% -1.50% n/a n/a n/a n/a -14.99% p.a.

DWS Global Equity Agribusiness Fund MGL0019AU Yes Yes 3.06% n/a n/a n/a n/a n/a 13.68% p.a.

DWS Global Equity Thematic Fully Hedged MGL0018AU Yes Yes -18.96% n/a n/a n/a n/a n/a -2.47% p.a.

DWS Global Equity Thematic Fund MGL0004AU Yes Yes -24.17% 16.17% 37.84% 8.80% 18.15% 9.31% p.a. 8.95% p.a.

DWS Strategic Value Fund DEU0109AU No Yes 4.88% 14.90% 15.56% 8.34% 9.45% 10.55% p.a. 9.34% p.a.

EII Global Property Fund MAQ0463AU Yes Yes -28.30% 30.60% n/a n/a n/a n/a -4.90% p.a.

Eley Griffiths Group Small Companies Fund EGG0001AU Yes Yes -13.77% 38.85% 29.86% 35.71% n/a n/a 20.61% p.a.

12


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)



Emerging Resources Company Share Fund WPC0013AU Yes Yes 23.98% 52.26% -3.08% n/a n/a n/a 25.48% p.a.

EQT Intrinsic Value International Fund MMC0110AU Yes Yes -14.42% 23.52% n/a n/a n/a 12.80% p.a. 10.81% p.a.

EQT Intrinsic Value International Sharemarkets Plus Fund ETL0057AU Yes Yes -11.67% 15.26% n/a n/a n/a n/a 3.05% p.a.

EQT PIMCO Wholesale Global Bond Fund ETL0018AU Yes Yes 7.90% 3.85% 1.91% 11.78% 4.90% 6.01% p.a. 7.05% p.a.

EQT PIMCO Wsale Divers Fixed Int Fund ETL0016AU Yes Yes 4.67% 3.04% 2.17% 9.68% 3.83% 4.64% p.a. 5.93% p.a.

EQT SGH LaSalle Global Property Securities ETL0005AU Yes Yes -23.40% 16.81% 26.37% 33.51% n/a n/a 13.67% p.a.

EQT Sgh Wsale Absolute Return Trust ETL0030AU No Yes -2.23% 19.48% 31.19% 22.75% 24.54% 18.56% p.a. 17.00% p.a.

EQT Wholesale High Income Fund ETL0120AU No Yes -7.05% 9.28% 8.68% 9.01% 9.94% 5.76% p.a. 6.23% p.a.

EQT Wsale Small Companies Fund ETL0118AU No Yes -30.07% 29.46% 19.27% 10.82% 42.79% 11.31% p.a. 18.29% p.a.

Fidelity America Fund FID0009AU Yes Yes -17.15% -3.54% n/a n/a n/a n/a -5.01% p.a.

Fidelity Australian Equities Fund FID0008AU Yes Yes -9.76% 30.26% 35.27% 33.81% 22.11% 21.03% p.a. 21.03% p.a.

Fidelity China Fund FID0011AU Yes Yes -9.23% 57.56% n/a n/a n/a n/a 29.74% p.a.

Fidelity Global Equities Fund FID0007AU Yes Yes -12.59% 9.32% 18.48% 7.02% 19.16% 7.62% p.a. 2.46% p.a.

Fidelity India Fund FID0015AU Yes Yes -24.48% 37.13% n/a n/a n/a n/a 9.11% p.a.

Fidelity Japan Fund FID0004AU Yes Yes -27.86% -15.87% 41.45% -11.94% 38.78% 0.96% p.a. 1.44% p.a.

Fortis Australian Equity Fund ARO0011AU Yes Yes -15.78% 25.40% 26.69% 33.27% 21.91% 16.80% p.a. 10.33% p.a.

Fortis Concentrated Aust Equity Fund ARO0015AU Yes Yes -19.90% 24.41% n/a n/a n/a n/a 3.89% p.a.

Fortis Global Equity Fund ARO0006AU Yes Yes -17.77% 2.02% 16.53% -0.10% 12.48% 1.90% p.a. 1.37% p.a.

Fortis High Income Global Property Securities ARO0014AU Yes Yes -20.72% 19.34% 15.17% n/a n/a n/a 5.59% p.a.

GMO Australian Equity Trust GMO0100AU Yes Yes -16.72% 29.00% 24.87% 26.67% 18.85% 15.09% p.a. 12.55% p.a.

GMO Australian Small Companies Trust GMO0101AU Yes Yes -24.42% 41.50% 25.46% 29.25% 29.23% 17.52% p.a. 15.38% p.a.

GMO Emerging Markets Trust GMO0102AU Yes Yes -12.04% 27.41% 40.51% 29.14% 32.68% 21.96% p.a. 13.66% p.a.

GMO Global Equity Trust GMO0103AU Yes Yes -22.68% 7.59% 19.76% 3.23% 22.14% 4.67% p.a. 6.78% p.a.

GMO Hedged Global Equity Trust GMO0004AU Yes Yes -15.22% 22.98% n/a n/a n/a n/a 5.04% p.a.

Goldman Sachs JB Were Aust Infra Fund JBW0030AU Yes Yes -16.79% 35.38% n/a n/a n/a n/a 6.39% p.a.

Goldman Sachs JB Were Global Spectrum Fd JBW0034AU No Yes -22.99% n/a n/a n/a n/a n/a -17.87% p.a.

Goldman Sachs JB Were Multi – Strategy Fund IDPS JBW0026AU No Yes -8.49% 19.37% n/a n/a n/a n/a 5.97% p.a.

Goldman Sachs JBWere Aust Equities WSale Fund JBW0009AU Yes Yes -8.58% 23.57% 21.57% 31.07% 20.35% 16.72% p.a. 13.09% p.a.

Goldman Sachs JBWere Diversified Growth Wsale Fd JBW0017AU Yes Yes -11.92% 13.30% 16.93% 14.50% 17.23% 9.39% p.a. 7.12% p.a.

Goldman Sachs JBWere Emerging Leaders Fd JBW0007AU No Yes -19.27% 38.56% 13.80% 37.51% 27.11% 17.35% p.a. 18.13% p.a.

Goldman Sachs JBWere Emerging Leaders Wsale Fund JBW0010AU Yes Yes -20.48% 37.01% 12.12% 35.93% 25.79% 15.86% p.a. 13.71% p.a.

Goldman Sachs JBWere Enhanced Income Wsale Fd JBW0018AU Yes Yes -8.13% 6.95% 6.54% 7.89% 6.93% 3.85% p.a. 3.85% p.a.

Goldman Sachs JBWere Glb Alpha Fund JBW0025AU No Yes -21.20% -18.45% 29.20% n/a n/a n/a -1.70% p.a.

Goldman Sachs JBWere Glob Health & Biotech Wsale JBW0111AU Yes Yes -18.01% -0.74% 17.02% -4.25% 12.99% 0.60% p.a. -2.49% p.a.

Goldman Sachs JBWere Global Flex Fund JBW0027AU Yes Yes -25.94% 5.79% n/a n/a n/a n/a -2.61%

Goldman Sachs JBWere Global Small Co Wsale Fund JBW0103AU Yes Yes -26.00% 6.29% 24.74% 6.05% 31.98% 6.55% p.a. 4.82% p.a.

Goldman Sachs JBWere Global Technology Wsale Fd JBW0112AU No Yes n/a n/a n/a n/a n/a n/a n/a

Goldman Sachs JBWere Hedged Global Flex Fund JBW0028AU Yes Yes -19.36% 20.82% n/a n/a n/a n/a 4.02% p.a.

Goldman Sachs JBWere Hedged Global Small Co Wsale Fund JBW0020AU No Yes n/a n/a n/a n/a n/a n/a n/a

Goldman Sachs JBWere Hedged Int Wsale Fund JBW0021AU Yes Yes -3.82% 19.52% 16.78% 11.09% n/a n/a 12.25% p.a.

Goldman Sachs JBWere Income Plus Wsale Fund JBW0016AU Yes Yes -2.07% 8.86% 7.98% 8.56% 10.65% 6.29% p.a. 6.29% p.a.

Goldman Sachs JBWere Intl Wsale Fund JBW0014AU Yes Yes -15.28% 5.61% 19.80% -1.45% 22.45% 5.28% p.a. 3.05% p.a.

Goldman Sachs JBWere Leaders Fund JBW0011AU No Yes -8.20% 23.09% 22.92% 29.31% 18.64% 16.33% p.a. 11.54% p.a.

Goldman Sachs JBWere Prop Securities WSale Fd JBW0108AU Yes Yes -43.04% 27.85% 19.47% 20.30% 16.56% 4.06% p.a. 9.04% p.a.

Great Southern Rural Opportunities Fund RFM0103AU Yes Yes 10.98% 9.79% 7.79% 5.75% 9.87% 9.27% p.a. 6.90% p.a.

GSJBW Core Plus Australian Fixed Income Fund Ord JBW0038AU Yes Yes n/a n/a n/a n/a n/a n/a 1.57% p.a.

GVI Global Industrial Share Fund TGP0004AU Yes Yes -8.09% 22.04% 19.05% n/a n/a n/a 10.11% p.a.

HFA Accelerator Plus Limited HFL0003AU No Yes n/a n/a n/a n/a n/a n/a n/a

HFA Australia Shares Fund Wholesale HFL0002AU No Yes n/a n/a n/a n/a n/a n/a n/a

HFA Diversified Inv Fund (WSale Hedged Units) HFL0104AU Yes Yes -0.15% 17.73% 8.03% 9.35% 6.03% 8.05% p.a. 7.65% p.a.

HFA Equities Fund HFL0101AU No Yes n/a n/a n/a n/a n/a n/a n/a

HFA International Shares Fund HFL0108AU No Yes -1.12% 20.58% 7.53% 9.85% 13.07% 9.75% p.a. 6.40% p.a.

HFA Partners Fund HFL0007AU No Yes -5.20% n/a n/a n/a n/a n/a 5.95% p.a.

Hunter Hall Global Ethical Trust HHA0002AU Yes Yes -17.55% 17.95% 31.54% 9.89% 33.16% 13.36% p.a. 8.09% p.a.

Hunter Hall Value Growth Trust HOW0002AU Yes Yes -12.32% 29.60% 30.11% 12.38% 28.92% 16.46% p.a. 17.27% p.a.

Hyperion Australian Growth Companies Fund BNT0003AU Yes Yes -23.70% 31.98% 34.40% 31.71% 14.42% 15.32% p.a. 11.86% p.a.

Hyperion Small Growth Companies Fund BNT0101AU Yes Yes -34.39% 48.31% 33.18% 25.04% 45.75% 18.75% p.a. 13.80% p.a.

Income-Plus Fund BEG0001AU Yes Yes -0.22% 8.70% 8.21% 9.42% n/a n/a 6.71% p.a.

ING Blue Chip Imputation Trust MMF0012AU No Yes -13.37% 26.16% 20.27% 25.84% 16.36% 13.99% p.a. 10.98% p.a.

ING Diversified High Yield Trust – Wsale Units MMF0708AU Yes Yes -2.52% 7.23% 6.13% 6.62% 17.31% 6.77% p.a. 4.29% p.a.

ING Enhanced Cash Fund MMF0341AU Yes Yes 2.94% 6.27% 5.75% 5.89% 5.85% 5.33% p.a. 5.23% p.a.

ING Resource Opportunities Trust MMF0064AU No Yes 14.68% 35.70% 61.18% 46.36% 56.67% 41.89% p.a. 16.99% p.a.

ING Tax Effective Income Trust AJF0003AU Yes Yes -16.71% 20.71% 13.81% 17.16% 14.47% 8.94% p.a. 9.88% p.a.


13


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)



Emerging Resources Company Share Fund WPC0013AU Yes Yes 23.98% 52.26% -3.08% n/a n/a n/a 25.48% p.a.

EQT Intrinsic Value International Fund MMC0110AU Yes Yes -14.42% 23.52% n/a n/a n/a 12.80% p.a. 10.81% p.a.

EQT Intrinsic Value International Sharemarkets Plus Fund ETL0057AU Yes Yes -11.67% 15.26% n/a n/a n/a n/a 3.05% p.a.

EQT PIMCO Wholesale Global Bond Fund ETL0018AU Yes Yes 7.90% 3.85% 1.91% 11.78% 4.90% 6.01% p.a. 7.05% p.a.

EQT PIMCO Wsale Divers Fixed Int Fund ETL0016AU Yes Yes 4.67% 3.04% 2.17% 9.68% 3.83% 4.64% p.a. 5.93% p.a.

EQT SGH LaSalle Global Property Securities ETL0005AU Yes Yes -23.40% 16.81% 26.37% 33.51% n/a n/a 13.67% p.a.

EQT Sgh Wsale Absolute Return Trust ETL0030AU No Yes -2.23% 19.48% 31.19% 22.75% 24.54% 18.56% p.a. 17.00% p.a.

EQT Wholesale High Income Fund ETL0120AU No Yes -7.05% 9.28% 8.68% 9.01% 9.94% 5.76% p.a. 6.23% p.a.

EQT Wsale Small Companies Fund ETL0118AU No Yes -30.07% 29.46% 19.27% 10.82% 42.79% 11.31% p.a. 18.29% p.a.

Fidelity America Fund FID0009AU Yes Yes -17.15% -3.54% n/a n/a n/a n/a -5.01% p.a.

Fidelity Australian Equities Fund FID0008AU Yes Yes -9.76% 30.26% 35.27% 33.81% 22.11% 21.03% p.a. 21.03% p.a.

Fidelity China Fund FID0011AU Yes Yes -9.23% 57.56% n/a n/a n/a n/a 29.74% p.a.

Fidelity Global Equities Fund FID0007AU Yes Yes -12.59% 9.32% 18.48% 7.02% 19.16% 7.62% p.a. 2.46% p.a.

Fidelity India Fund FID0015AU Yes Yes -24.48% 37.13% n/a n/a n/a n/a 9.11% p.a.

Fidelity Japan Fund FID0004AU Yes Yes -27.86% -15.87% 41.45% -11.94% 38.78% 0.96% p.a. 1.44% p.a.

Fortis Australian Equity Fund ARO0011AU Yes Yes -15.78% 25.40% 26.69% 33.27% 21.91% 16.80% p.a. 10.33% p.a.

Fortis Concentrated Aust Equity Fund ARO0015AU Yes Yes -19.90% 24.41% n/a n/a n/a n/a 3.89% p.a.

Fortis Global Equity Fund ARO0006AU Yes Yes -17.77% 2.02% 16.53% -0.10% 12.48% 1.90% p.a. 1.37% p.a.

Fortis High Income Global Property Securities ARO0014AU Yes Yes -20.72% 19.34% 15.17% n/a n/a n/a 5.59% p.a.

GMO Australian Equity Trust GMO0100AU Yes Yes -16.72% 29.00% 24.87% 26.67% 18.85% 15.09% p.a. 12.55% p.a.

GMO Australian Small Companies Trust GMO0101AU Yes Yes -24.42% 41.50% 25.46% 29.25% 29.23% 17.52% p.a. 15.38% p.a.

GMO Emerging Markets Trust GMO0102AU Yes Yes -12.04% 27.41% 40.51% 29.14% 32.68% 21.96% p.a. 13.66% p.a.

GMO Global Equity Trust GMO0103AU Yes Yes -22.68% 7.59% 19.76% 3.23% 22.14% 4.67% p.a. 6.78% p.a.

GMO Hedged Global Equity Trust GMO0004AU Yes Yes -15.22% 22.98% n/a n/a n/a n/a 5.04% p.a.

Goldman Sachs JB Were Aust Infra Fund JBW0030AU Yes Yes -16.79% 35.38% n/a n/a n/a n/a 6.39% p.a.

Goldman Sachs JB Were Global Spectrum Fd JBW0034AU No Yes -22.99% n/a n/a n/a n/a n/a -17.87% p.a.

Goldman Sachs JB Were Multi – Strategy Fund IDPS JBW0026AU No Yes -8.49% 19.37% n/a n/a n/a n/a 5.97% p.a.

Goldman Sachs JBWere Aust Equities WSale Fund JBW0009AU Yes Yes -8.58% 23.57% 21.57% 31.07% 20.35% 16.72% p.a. 13.09% p.a.

Goldman Sachs JBWere Diversified Growth Wsale Fd JBW0017AU Yes Yes -11.92% 13.30% 16.93% 14.50% 17.23% 9.39% p.a. 7.12% p.a.

Goldman Sachs JBWere Emerging Leaders Fd JBW0007AU No Yes -19.27% 38.56% 13.80% 37.51% 27.11% 17.35% p.a. 18.13% p.a.

Goldman Sachs JBWere Emerging Leaders Wsale Fund JBW0010AU Yes Yes -20.48% 37.01% 12.12% 35.93% 25.79% 15.86% p.a. 13.71% p.a.

Goldman Sachs JBWere Enhanced Income Wsale Fd JBW0018AU Yes Yes -8.13% 6.95% 6.54% 7.89% 6.93% 3.85% p.a. 3.85% p.a.

Goldman Sachs JBWere Glb Alpha Fund JBW0025AU No Yes -21.20% -18.45% 29.20% n/a n/a n/a -1.70% p.a.

Goldman Sachs JBWere Glob Health & Biotech Wsale JBW0111AU Yes Yes -18.01% -0.74% 17.02% -4.25% 12.99% 0.60% p.a. -2.49% p.a.

Goldman Sachs JBWere Global Flex Fund JBW0027AU Yes Yes -25.94% 5.79% n/a n/a n/a n/a -2.61%

Goldman Sachs JBWere Global Small Co Wsale Fund JBW0103AU Yes Yes -26.00% 6.29% 24.74% 6.05% 31.98% 6.55% p.a. 4.82% p.a.

Goldman Sachs JBWere Global Technology Wsale Fd JBW0112AU No Yes n/a n/a n/a n/a n/a n/a n/a

Goldman Sachs JBWere Hedged Global Flex Fund JBW0028AU Yes Yes -19.36% 20.82% n/a n/a n/a n/a 4.02% p.a.

Goldman Sachs JBWere Hedged Global Small Co Wsale Fund JBW0020AU No Yes n/a n/a n/a n/a n/a n/a n/a

Goldman Sachs JBWere Hedged Int Wsale Fund JBW0021AU Yes Yes -3.82% 19.52% 16.78% 11.09% n/a n/a 12.25% p.a.

Goldman Sachs JBWere Income Plus Wsale Fund JBW0016AU Yes Yes -2.07% 8.86% 7.98% 8.56% 10.65% 6.29% p.a. 6.29% p.a.

Goldman Sachs JBWere Intl Wsale Fund JBW0014AU Yes Yes -15.28% 5.61% 19.80% -1.45% 22.45% 5.28% p.a. 3.05% p.a.

Goldman Sachs JBWere Leaders Fund JBW0011AU No Yes -8.20% 23.09% 22.92% 29.31% 18.64% 16.33% p.a. 11.54% p.a.

Goldman Sachs JBWere Prop Securities WSale Fd JBW0108AU Yes Yes -43.04% 27.85% 19.47% 20.30% 16.56% 4.06% p.a. 9.04% p.a.

Great Southern Rural Opportunities Fund RFM0103AU Yes Yes 10.98% 9.79% 7.79% 5.75% 9.87% 9.27% p.a. 6.90% p.a.

GSJBW Core Plus Australian Fixed Income Fund Ord JBW0038AU Yes Yes n/a n/a n/a n/a n/a n/a 1.57% p.a.

GVI Global Industrial Share Fund TGP0004AU Yes Yes -8.09% 22.04% 19.05% n/a n/a n/a 10.11% p.a.

HFA Accelerator Plus Limited HFL0003AU No Yes n/a n/a n/a n/a n/a n/a n/a

HFA Australia Shares Fund Wholesale HFL0002AU No Yes n/a n/a n/a n/a n/a n/a n/a

HFA Diversified Inv Fund (WSale Hedged Units) HFL0104AU Yes Yes -0.15% 17.73% 8.03% 9.35% 6.03% 8.05% p.a. 7.65% p.a.

HFA Equities Fund HFL0101AU No Yes n/a n/a n/a n/a n/a n/a n/a

HFA International Shares Fund HFL0108AU No Yes -1.12% 20.58% 7.53% 9.85% 13.07% 9.75% p.a. 6.40% p.a.

HFA Partners Fund HFL0007AU No Yes -5.20% n/a n/a n/a n/a n/a 5.95% p.a.

Hunter Hall Global Ethical Trust HHA0002AU Yes Yes -17.55% 17.95% 31.54% 9.89% 33.16% 13.36% p.a. 8.09% p.a.

Hunter Hall Value Growth Trust HOW0002AU Yes Yes -12.32% 29.60% 30.11% 12.38% 28.92% 16.46% p.a. 17.27% p.a.

Hyperion Australian Growth Companies Fund BNT0003AU Yes Yes -23.70% 31.98% 34.40% 31.71% 14.42% 15.32% p.a. 11.86% p.a.

Hyperion Small Growth Companies Fund BNT0101AU Yes Yes -34.39% 48.31% 33.18% 25.04% 45.75% 18.75% p.a. 13.80% p.a.

Income-Plus Fund BEG0001AU Yes Yes -0.22% 8.70% 8.21% 9.42% n/a n/a 6.71% p.a.

ING Blue Chip Imputation Trust MMF0012AU No Yes -13.37% 26.16% 20.27% 25.84% 16.36% 13.99% p.a. 10.98% p.a.

ING Diversified High Yield Trust – Wsale Units MMF0708AU Yes Yes -2.52% 7.23% 6.13% 6.62% 17.31% 6.77% p.a. 4.29% p.a.

ING Enhanced Cash Fund MMF0341AU Yes Yes 2.94% 6.27% 5.75% 5.89% 5.85% 5.33% p.a. 5.23% p.a.

ING Resource Opportunities Trust MMF0064AU No Yes 14.68% 35.70% 61.18% 46.36% 56.67% 41.89% p.a. 16.99% p.a.

ING Tax Effective Income Trust AJF0003AU Yes Yes -16.71% 20.71% 13.81% 17.16% 14.47% 8.94% p.a. 9.88% p.a.

14


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)



ING Wholesale Capital Stable Trust MMF0114AU Yes Yes -0.55% 8.89% 7.42% 10.71% 7.37% 6.70% p.a. 5.92% p.a.

ING Wholesale Global High Dividend Fund HML0014AU Yes Yes -26.52% n/a n/a n/a n/a n/a -16.59% p.a.

ING Wholesale Global Prop Sec Fund HML0016AU Yes Yes -17.26% n/a n/a n/a n/a n/a -3.12% p.a.

ING Wsale Australian Share Trust AJF0804AU Yes Yes -8.99% 29.07% 23.42% 30.56% 19.30% 17.69% p.a. 13.54% p.a.

ING Wsale Balanced Trust AJF0802AU Yes Yes -7.87% 14.02% 15.46% 14.53% 14.32% 9.69% p.a. 8.16% p.a.

ING Wsale Blue Chip Imputation Fund MMF0340AU Yes Yes -12.62% 27.14% 21.17% 26.78% 17.31% 14.89% p.a. 10.83% p.a.

ING Wsale Diversified Fixed Interest Fund ANZ0212AU Yes Yes 0.03% 4.63% 4.73% 9.64% 3.78% 4.52% p.a. 5.33% p.a.

ING Wsale Emerging Companies Trust MMF0112AU No Yes -16.65% 51.18% 21.27% 49.59% 36.22% 25.50% p.a. 17.49% p.a.

ING Wsale Fixed Interest Trust MMF0075AU Yes Yes 2.87% 3.23% 3.76% 7.68% 2.75% 4.04% p.a. 5.99% p.a.

ING Wsale Global Emerging Markets Share Trust MMF0275AU Yes Yes -6.95% 30.63% 35.45% 19.22% 22.59% 19.20% p.a. 6.91% p.a.

ING Wsale Global Share Fund MMF0343AU Yes Yes -26.47% 4.99% 19.60% 1.40% 18.98% 2.18% p.a. -3.35% p.a.

ING Wsale High Growth Fund MMF0342AU Yes Yes -17.32% 15.99% 21.59% 15.07% 19.47% 9.90% p.a. 4.57% p.a.

ING Wsale Managed Growth Trust MMF0115AU Yes Yes -11.31% 15.41% 17.07% 14.78% 15.82% 9.76% p.a. 7.33% p.a.

ING Wsale Select Leaders Trust ANZ0216AU Yes Yes -4.50% 34.89% 30.59% 33.91% 21.77% 22.36% p.a. 11.01% p.a.

Intech Intl High Opportunities Trust INT0069AU Yes Yes -24.50% 7.40% 20.10% n/a n/a n/a 0.90% p.a.

Integrity Australian Share Fund ITG0001AU Yes Yes n/a n/a n/a n/a n/a n/a -17.73% p.a.

Invesco Wholesale Asian Share Fund GTU0009AU Yes Yes -23.29% 1.85% 40.95% -2.60% 32.61% 7.30% p.a. 1.81% p.a.

Invesco Wholesale Australian Share Fund CNA0811AU Yes Yes -14.81% 26.25% 25.19% 28.86% 27.79% 17.26% p.a. 12.80% p.a.

Invesco Wholesale Global Property Securities Fund GTU0041AU Yes Yes -18.02% 17.06% 27.85% n/a n/a n/a 10.25% p.a.

Invesco Wsale Aust Smaller Co Fund CNA0812AU Yes Yes -16.75% 44.88% 22.30% 30.63% 27.34% 17.92% p.a. 14.82% p.a.

Invesco Wsale Global Fixed Interest Fund GTU0021AU Yes Yes 1.73% 4.56% 0.36% 10.86% 1.50% 3.74% p.a. 4.98% p.a.

Invesco Wsale Global Matrix Fund – Hedged GTU0008AU Yes Yes -21.46% 18.01% 16.48% 17.78% 32.02% 10.92% p.a. 6.46% p.a.

Invesco Wsale Global Matrix Fund – Unhedged GTU0102AU Yes Yes -28.21% 4.49% 18.40% 5.91% 27.74% 3.74% p.a. -0.20% p.a.

Investors Mutual Australian Share Fund IML0002AU Yes Yes -19.20% 26.80% 14.90% 20.00% 20.20% 11.20% p.a. 13.00% p.a.

Investors Mutual Australian Smaller Companies Fund IML0001AU No Yes -30.00% 42.20% 20.70% 26.00% 28.70% 14.30% p.a. 19.60% p.a.

Investors Mutual Future Leaders Fund IML0003AU Yes Yes -27.80% 38.70% 13.80% 26.00% 23.40% 12.10% p.a. 12.10% p.a.

Investors Mutual Industrial Share Fund IML0004AU Yes Yes -24.20% 27.10% 9.20% 17.40% 16.90% 7.60% p.a. 7.90% p.a.

Investors Mutual Small Cap Fund IML0006AU Yes Yes -18.80% n/a n/a n/a n/a n/a -5.70% p.a.

Investors Mutual Value & Income Fund IML0005AU Yes Yes -15.90% 25.10% 11.90% 16.50% n/a n/a 7.90% p.a.

JANA Australian Share Long Short Trust MLC0672AU Yes Yes -10.53% n/a n/a n/a n/a n/a -10.53% p.a.

JANA Global Share Long Short Trust MLC0673AU Yes Yes -24.65% n/a n/a n/a n/a n/a -24.65% p.a.

K2 Asian Absolute Return Fund KAM0100AU Yes Yes -7.58% 31.93% 20.67% 13.35% 22.37% 15.34% p.a. 14.41% p.a.

K2 Australian Absolute Return Fund KAM0101AU Yes Yes -11.56% 25.35% 18.33% 22.57% 23.20% 14.64% p.a. 15.25% p.a.

K2 Select International ARF ETL0046AU Yes Yes -7.04% 30.69% 33.17% n/a n/a n/a 16.52% p.a.

Kinetic Wsale Emerging Companies Fund HOW0036AU Yes Yes -24.24% n/a n/a n/a n/a n/a -9.81% p.a.

Kinetic Wsale Small Companies Fund (CNA) HBC0006AU No Yes -23.83% 52.66% 27.25% 38.30% 29.49% 21.52% p.a. 13.42% p.a.

Lazard Australian Equity Fund W Class LAZ0010AU Yes Yes -24.16% 27.03% 12.09% 26.92% 20.30% 10.51% p.a. 10.38% p.a.

Lazard Global Equity (ex Australia) – I Class LAZ0001AU Yes Yes -21.13% 7.81% 18.54% -1.13% 14.33% 2.64% p.a. 4.91% p.a.

Lazard Global Small Cap Fund W Class LAZ0012AU Yes Yes -27.68% 19.88% 25.36% 4.68% 34.63% 8.89% p.a. 6.75% p.a.

Lazard Select Australian Equity Fund W Class LAZ0013AU Yes Yes -25.73% 33.52% 5.64% 34.44% 22.44% 11.50% p.a. 10.27% p.a.

Legg Mason Australian Bond Trust SSB0122AU Yes Yes 2.78% 3.94% 3.62% 8.00% 2.58% 4.16% p.a. 5.26% p.a.

Legg Mason Australian Credit Trust SSB0123AU Yes Yes -2.30% 4.17% 3.81% 8.26% 2.65% 3.26% p.a. 4.80% p.a.

Legg Mason Australian Equity Trust SSB0125AU Yes Yes -19.66% 30.10% 21.79% 22.63% 19.63% 13.35% p.a. 10.54% p.a.

Legg Mason Diversified FI Trust JPM0018AU Yes Yes 0.81% 4.01% 2.53% 8.87% 3.27% 3.86% p.a. 5.64% p.a.

Legg Mason Diversified Trust JPM0008AU Yes Yes -16.74% 15.96% 14.58% 12.47% 14.83% 7.40% p.a. 6.37% p.a.

Legg Mason Property Securities Trust SSB0128AU Yes Yes -42.56% 27.90% 16.93% 19.29% 17.87% 3.85% p.a. 7.42% p.a.

Legg Mason Tactical Allocation Trust SSB0130AU No Yes -3.93% 7.53% 5.92% 15.11% 15.46% 7.78% p.a. 7.17% p.a.

Legg Mason Wholesale Defensive Trust SSB0001AU Yes Yes -5.28% 8.18% 6.74% 9.56% 7.30% 5.16% p.a. 5.40% p.a.

Leveraged Investment Companies Fund BEG0002AU Yes Yes -36.88% 55.59% n/a n/a n/a n/a 7.35% p.a.

Life Settlements Wholesale Fund LFS0001AU Yes Yes -5.87% 4.69% n/a n/a n/a -0.30% p.a. -0.30% p.a.

LM Wholesale Mortgage Income Fd 12 mths LMI0008AU No Yes 8.76% 8.07% 7.50% 7.50% 7.50% 7.86% p.a. 7.88% p.a.

LM Wsale Mortgage Income Fund LMI0007AU No Yes 7.69% 6.98% 6.75% 6.75% 6.75% 6.98% p.a. 7.02% p.a.

Macarthur Cook Diversified Prop Income MCK0002AU No Yes -52.17% -26.18% n/a n/a n/a n/a -13.68% p.a.

Macquarie Aust Small Caps Incentive Fund MAQ0479AU Yes Yes -33.31% 0.00% 0.00% 0.00% 0.00% 0.00% p.a. -16.95% p.a.

Macquarie Aust Smaller Companies Fund MAQ0454AU Yes Yes -33.65% 0.00% 0.00% 0.00% 0.00% 0.00% p.a. 8.07% p.a.

Macquarie Direct Property Fund MAQ0448AU Yes Yes 6.39% 25.48% n/a n/a n/a n/a 18.95% p.a.

Macquarie Direct Property No. 11 – East Coast Port MAQ0321AU No Yes n/a n/a n/a n/a n/a n/a n/a

Macquarie Diversified Private Equity Fund – Accumulation 2003 MAQ0282AU No Yes 3.79% 7.91% 6.08% 12.93% 3.78% 6.84% p.a. 6.57% p.a.


Macquarie Diversified Private Equity Fund – Pension 2003 MAQ0283AU No Yes 3.80% 9.99% 5.94% 15.27% 4.80% 7.87% p.a. 7.73% p.a.

Macquarie Diversified Treasury (AA) No1 MAQ0312AU No Yes 5.67% 6.52% 6.05% 6.03% 0.00% 0.00% p.a. 6.03% p.a.

Macquarie Diversified Treasury Fund No.1 MAQ0223AU No Yes 5.59% 6.57% 6.08% 6.08% 5.77% 6.01% p.a. 5.78% p.a.

Macquarie Enhanced Resource & Commodity Securities – Series 3 MBL0001AU No Yes 28.83% 2.74% n/a n/a n/a n/a 7.79% p.a.


15


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)



ING Wholesale Capital Stable Trust MMF0114AU Yes Yes -0.55% 8.89% 7.42% 10.71% 7.37% 6.70% p.a. 5.92% p.a.

ING Wholesale Global High Dividend Fund HML0014AU Yes Yes -26.52% n/a n/a n/a n/a n/a -16.59% p.a.

ING Wholesale Global Prop Sec Fund HML0016AU Yes Yes -17.26% n/a n/a n/a n/a n/a -3.12% p.a.

ING Wsale Australian Share Trust AJF0804AU Yes Yes -8.99% 29.07% 23.42% 30.56% 19.30% 17.69% p.a. 13.54% p.a.

ING Wsale Balanced Trust AJF0802AU Yes Yes -7.87% 14.02% 15.46% 14.53% 14.32% 9.69% p.a. 8.16% p.a.

ING Wsale Blue Chip Imputation Fund MMF0340AU Yes Yes -12.62% 27.14% 21.17% 26.78% 17.31% 14.89% p.a. 10.83% p.a.

ING Wsale Diversified Fixed Interest Fund ANZ0212AU Yes Yes 0.03% 4.63% 4.73% 9.64% 3.78% 4.52% p.a. 5.33% p.a.

ING Wsale Emerging Companies Trust MMF0112AU No Yes -16.65% 51.18% 21.27% 49.59% 36.22% 25.50% p.a. 17.49% p.a.

ING Wsale Fixed Interest Trust MMF0075AU Yes Yes 2.87% 3.23% 3.76% 7.68% 2.75% 4.04% p.a. 5.99% p.a.

ING Wsale Global Emerging Markets Share Trust MMF0275AU Yes Yes -6.95% 30.63% 35.45% 19.22% 22.59% 19.20% p.a. 6.91% p.a.

ING Wsale Global Share Fund MMF0343AU Yes Yes -26.47% 4.99% 19.60% 1.40% 18.98% 2.18% p.a. -3.35% p.a.

ING Wsale High Growth Fund MMF0342AU Yes Yes -17.32% 15.99% 21.59% 15.07% 19.47% 9.90% p.a. 4.57% p.a.

ING Wsale Managed Growth Trust MMF0115AU Yes Yes -11.31% 15.41% 17.07% 14.78% 15.82% 9.76% p.a. 7.33% p.a.

ING Wsale Select Leaders Trust ANZ0216AU Yes Yes -4.50% 34.89% 30.59% 33.91% 21.77% 22.36% p.a. 11.01% p.a.

Intech Intl High Opportunities Trust INT0069AU Yes Yes -24.50% 7.40% 20.10% n/a n/a n/a 0.90% p.a.

Integrity Australian Share Fund ITG0001AU Yes Yes n/a n/a n/a n/a n/a n/a -17.73% p.a.

Invesco Wholesale Asian Share Fund GTU0009AU Yes Yes -23.29% 1.85% 40.95% -2.60% 32.61% 7.30% p.a. 1.81% p.a.

Invesco Wholesale Australian Share Fund CNA0811AU Yes Yes -14.81% 26.25% 25.19% 28.86% 27.79% 17.26% p.a. 12.80% p.a.

Invesco Wholesale Global Property Securities Fund GTU0041AU Yes Yes -18.02% 17.06% 27.85% n/a n/a n/a 10.25% p.a.

Invesco Wsale Aust Smaller Co Fund CNA0812AU Yes Yes -16.75% 44.88% 22.30% 30.63% 27.34% 17.92% p.a. 14.82% p.a.

Invesco Wsale Global Fixed Interest Fund GTU0021AU Yes Yes 1.73% 4.56% 0.36% 10.86% 1.50% 3.74% p.a. 4.98% p.a.

Invesco Wsale Global Matrix Fund – Hedged GTU0008AU Yes Yes -21.46% 18.01% 16.48% 17.78% 32.02% 10.92% p.a. 6.46% p.a.

Invesco Wsale Global Matrix Fund – Unhedged GTU0102AU Yes Yes -28.21% 4.49% 18.40% 5.91% 27.74% 3.74% p.a. -0.20% p.a.

Investors Mutual Australian Share Fund IML0002AU Yes Yes -19.20% 26.80% 14.90% 20.00% 20.20% 11.20% p.a. 13.00% p.a.

Investors Mutual Australian Smaller Companies Fund IML0001AU No Yes -30.00% 42.20% 20.70% 26.00% 28.70% 14.30% p.a. 19.60% p.a.

Investors Mutual Future Leaders Fund IML0003AU Yes Yes -27.80% 38.70% 13.80% 26.00% 23.40% 12.10% p.a. 12.10% p.a.

Investors Mutual Industrial Share Fund IML0004AU Yes Yes -24.20% 27.10% 9.20% 17.40% 16.90% 7.60% p.a. 7.90% p.a.

Investors Mutual Small Cap Fund IML0006AU Yes Yes -18.80% n/a n/a n/a n/a n/a -5.70% p.a.

Investors Mutual Value & Income Fund IML0005AU Yes Yes -15.90% 25.10% 11.90% 16.50% n/a n/a 7.90% p.a.

JANA Australian Share Long Short Trust MLC0672AU Yes Yes -10.53% n/a n/a n/a n/a n/a -10.53% p.a.

JANA Global Share Long Short Trust MLC0673AU Yes Yes -24.65% n/a n/a n/a n/a n/a -24.65% p.a.

K2 Asian Absolute Return Fund KAM0100AU Yes Yes -7.58% 31.93% 20.67% 13.35% 22.37% 15.34% p.a. 14.41% p.a.

K2 Australian Absolute Return Fund KAM0101AU Yes Yes -11.56% 25.35% 18.33% 22.57% 23.20% 14.64% p.a. 15.25% p.a.

K2 Select International ARF ETL0046AU Yes Yes -7.04% 30.69% 33.17% n/a n/a n/a 16.52% p.a.

Kinetic Wsale Emerging Companies Fund HOW0036AU Yes Yes -24.24% n/a n/a n/a n/a n/a -9.81% p.a.

Kinetic Wsale Small Companies Fund (CNA) HBC0006AU No Yes -23.83% 52.66% 27.25% 38.30% 29.49% 21.52% p.a. 13.42% p.a.

Lazard Australian Equity Fund W Class LAZ0010AU Yes Yes -24.16% 27.03% 12.09% 26.92% 20.30% 10.51% p.a. 10.38% p.a.

Lazard Global Equity (ex Australia) – I Class LAZ0001AU Yes Yes -21.13% 7.81% 18.54% -1.13% 14.33% 2.64% p.a. 4.91% p.a.

Lazard Global Small Cap Fund W Class LAZ0012AU Yes Yes -27.68% 19.88% 25.36% 4.68% 34.63% 8.89% p.a. 6.75% p.a.

Lazard Select Australian Equity Fund W Class LAZ0013AU Yes Yes -25.73% 33.52% 5.64% 34.44% 22.44% 11.50% p.a. 10.27% p.a.

Legg Mason Australian Bond Trust SSB0122AU Yes Yes 2.78% 3.94% 3.62% 8.00% 2.58% 4.16% p.a. 5.26% p.a.

Legg Mason Australian Credit Trust SSB0123AU Yes Yes -2.30% 4.17% 3.81% 8.26% 2.65% 3.26% p.a. 4.80% p.a.

Legg Mason Australian Equity Trust SSB0125AU Yes Yes -19.66% 30.10% 21.79% 22.63% 19.63% 13.35% p.a. 10.54% p.a.

Legg Mason Diversified FI Trust JPM0018AU Yes Yes 0.81% 4.01% 2.53% 8.87% 3.27% 3.86% p.a. 5.64% p.a.

Legg Mason Diversified Trust JPM0008AU Yes Yes -16.74% 15.96% 14.58% 12.47% 14.83% 7.40% p.a. 6.37% p.a.

Legg Mason Property Securities Trust SSB0128AU Yes Yes -42.56% 27.90% 16.93% 19.29% 17.87% 3.85% p.a. 7.42% p.a.

Legg Mason Tactical Allocation Trust SSB0130AU No Yes -3.93% 7.53% 5.92% 15.11% 15.46% 7.78% p.a. 7.17% p.a.

Legg Mason Wholesale Defensive Trust SSB0001AU Yes Yes -5.28% 8.18% 6.74% 9.56% 7.30% 5.16% p.a. 5.40% p.a.

Leveraged Investment Companies Fund BEG0002AU Yes Yes -36.88% 55.59% n/a n/a n/a n/a 7.35% p.a.

Life Settlements Wholesale Fund LFS0001AU Yes Yes -5.87% 4.69% n/a n/a n/a -0.30% p.a. -0.30% p.a.

LM Wholesale Mortgage Income Fd 12 mths LMI0008AU No Yes 8.76% 8.07% 7.50% 7.50% 7.50% 7.86% p.a. 7.88% p.a.

LM Wsale Mortgage Income Fund LMI0007AU No Yes 7.69% 6.98% 6.75% 6.75% 6.75% 6.98% p.a. 7.02% p.a.

Macarthur Cook Diversified Prop Income MCK0002AU No Yes -52.17% -26.18% n/a n/a n/a n/a -13.68% p.a.

Macquarie Aust Small Caps Incentive Fund MAQ0479AU Yes Yes -33.31% 0.00% 0.00% 0.00% 0.00% 0.00% p.a. -16.95% p.a.

Macquarie Aust Smaller Companies Fund MAQ0454AU Yes Yes -33.65% 0.00% 0.00% 0.00% 0.00% 0.00% p.a. 8.07% p.a.

Macquarie Direct Property Fund MAQ0448AU Yes Yes 6.39% 25.48% n/a n/a n/a n/a 18.95% p.a.

Macquarie Direct Property No. 11 – East Coast Port MAQ0321AU No Yes n/a n/a n/a n/a n/a n/a n/a



Macquarie Diversified Private Equity Fund – Pension 2003 MAQ0283AU No Yes 3.80% 9.99% 5.94% 15.27% 4.80% 7.87% p.a. 7.73% p.a.

Macquarie Diversified Treasury (AA) No1 MAQ0312AU No Yes 5.67% 6.52% 6.05% 6.03% 0.00% 0.00% p.a. 6.03% p.a.

Macquarie Diversified Treasury Fund No.1 MAQ0223AU No Yes 5.59% 6.57% 6.08% 6.08% 5.77% 6.01% p.a. 5.78% p.a.


16


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)




Macquarie Equinox Limited – Class B Shares MAQ0001BM No Yes n/a n/a n/a n/a n/a n/a n/a

Macquarie Equinox Limited – Class C Shares MAQ0002BM No Yes n/a n/a n/a n/a n/a n/a n/a

Macquarie Fortress Fund MAQ0352AU No Yes -37.31% 10.20% 5.80% 18.00% n/a n/a -3.94% p.a.

Macquarie Global Infrastructure Trust MAQ0222AU No Yes n/a n/a n/a n/a n/a n/a 9.74% p.a.

Macquarie Global Infrastructure Trust II MAQ0353AU No Yes n/a n/a n/a n/a n/a n/a 14.16% p.a.

Macquarie Global Private Equity Sec Fund MAQ0447AU Yes Yes -25.06% 24.72% 0.00% 0.00% 0.00% 0.00% p.a. -3.06% p.a.

Macquarie Global Prop Sec Fund Hedged MAQ0436AU Yes Yes -22.61% 34.39% 0.00% 0.00% 0.00% 0.00% p.a. 9.57% p.a.

Macquarie Globalis BRIC Adv Hedged MAQ0473AU Yes Yes 0.64% n/a n/a n/a n/a n/a 16.24% p.a.

Macquarie Globalis BRIC Adv Unhedged MAQ0474AU Yes Yes -11.53% n/a n/a n/a n/a n/a 1.30% p.a.

Macquarie Income Opportunities Fund MAQ0277AU Yes Yes 3.73% 6.71% 5.89% 5.93% 0.00% 0.00% p.a. 5.57% p.a.

Macquarie Income Plus Fund No 1 MAQ0325AU No Yes 4.52% 6.68% 6.25% 6.28% 0.00% 0.00% p.a. 5.96% p.a.

Macquarie Index-Linked Prop Sec Fund MAQ0431AU Yes Yes -36.45% 25.78% 0.00% 0.00% 0.00% 0.00% p.a. -5.72% p.a.

Macquarie International Infrastructure Securities Fund MAQ0432AU Yes Yes -16.38% 38.89% 0.00% 0.00% 0.00% 0.00% p.a. 8.11% p.a.

Macquarie Martin Place Trust MAQ0270AU No Yes -4.31% 29.20% 40.90% 9.21% 0.00% 12.62% p.a. 11.80% p.a.

Macquarie Master Active Aust Equity Fund MAQ0062AU No Yes -11.15% 27.77% 25.97% 27.65% 19.52% 16.87% p.a. 8.69% p.a.

Macquarie Master Alpha Plus Fund MAQ0278AU Yes Yes -11.12% 27.78% 25.95% 27.62% 19.57% 16.88% p.a. 17.17% p.a.

Macquarie Master Aust Enhanced Equities Fund MAQ0057AU No Yes -13.86% 28.55% 23.63% 26.13% 20.74% 15.81% p.a. 11.50% p.a.

Macquarie Master Balanced Fund MAQ0058AU Yes Yes -10.08% 18.06% 14.74% 13.76% 15.60% 9.87% p.a. 7.84% p.a.

Macquarie Master Capital Stable Fund MAQ0059AU Yes Yes -2.51% 9.70% 8.57% 8.90% 7.72% 6.37% p.a. 7.05% p.a.

Macquarie Master Cash Fund MAQ0187AU Yes Yes 6.72% 5.88% 5.23% 5.09% 4.77% 5.53% p.a. 5.17% p.a.

Macquarie Master Cash Plus Fund MAQ0060AU Yes Yes 5.06% 5.92% 5.37% 5.32% 4.95% 5.32% p.a. 5.40% p.a.

Macquarie Master Diversified Fixed Interest Fund MAQ0274AU Yes Yes 3.56% 6.07% 2.94% 10.18% 5.17% 5.55% p.a. 7.03% p.a.

Macquarie Master Fixed Interest Fund MAQ0061AU Yes Yes 2.81% 3.38% 3.03% 5.83% 1.68% 3.33% p.a. 6.29% p.a.

Macquarie Master Geared Growth Fund MAQ0271AU Yes Yes -22.59% 43.20% 45.80% 41.32% 29.28% 24.15% p.a. 16.24% p.a.

Macquarie Master Imputation Fund MAQ0086AU No Yes -9.93% 26.95% 25.92% 27.48% 19.03% 16.90% p.a. 10.16% p.a.

Macquarie Master Property Sec Fund MAQ0063AU Yes Yes -41.16% 26.80% 17.52% 17.83% 16.10% 3.70% p.a. 9.30% p.a.

Macquarie Master Small Companies Fund MAQ0085AU No Yes -33.44% 82.19% 39.11% 36.89% 37.74% 26.01% p.a. 17.02% p.a.

Macquarie Private Equity Trust MAQ0104AU No Yes n/a n/a n/a n/a n/a n/a n/a

Macquarie Private Equity Trust II MAQ0269AU No Yes n/a n/a n/a n/a n/a n/a n/a

Macquarie Property Income Fund MAQ0300AU Yes Yes -67.37% 36.81% 26.35% 29.78% 18.87% -2.74% p.a. -2.95% p.a.

Macquarie Treasury Fund MAQ0055AU Yes Yes 7.28% 7.39% 5.79% 5.64% 5.31% 6.01% p.a. 6.23% p.a.

Macquarie True Index Aust Fixed Interest MAQ0211AU Yes Yes 4.41% 4.00% 3.41% 7.79% 2.33% 4.37% p.a. 5.53% p.a.

Macquarie True Index Australian Shares Fund MAQ0288AU No Yes -13.67% 29.21% 24.03% 26.02% 21.72% 16.22% p.a. 16.37% p.a.

Macquarie True Index Global Bond Fund MAQ0266AU No Yes 8.69% 5.21% 1.20% 12.29% 3.51% 6.10% p.a. 7.17% p.a.

Macquarie True Index Linked Aust Share MAQ0455AU Yes Yes -13.72% 0.00% 0.00% 0.00% 0.00% 0.00% p.a. 2.81% p.a.

Macquarie True Index Property Securities MAQ0219AU Yes Yes -36.35% 25.87% 18.04% 18.10% 17.24% 5.53% p.a. 8.13% p.a.

Macquarie WRAP Solutions Cash Account* MAQ0203AU Yes Yes 7.57% n/a n/a n/a n/a n/a n/a

Macquarie Australian Equity Income Fund (formerly MQ Buy Write Fund) MAQ0452AU No Yes n/a n/a n/a n/a n/a n/a n/a

Magellan Global Fund MGE0001AU Yes Yes -17.24% n/a n/a n/a n/a n/a -17.24% p.a.

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

Maple-Brown Abbott Divers Invest Trust MPL0001AU Yes Yes -10.30% 15.40% 13.20% 13.40% 16.80% 9.20% p.a. 10.60% p.a.

Mariner Wholesale Mortgage Trust MRN0003AU Yes Yes 7.34% 6.72% 6.45.% n/a n/a 7.06% p.a. 7.02% p.a.

Maxim Property Securities Fund COL0001AU Yes Yes -29.66% 26.24% n/a n/a n/a n/a 0.43% p.a.

MCG Select Portfolio SLT0010AU Yes Yes 4.53% n/a n/a n/a n/a n/a 5.63% p.a.

Mercer Australian Shares Plus Fund MIN0020AU Yes Yes -13.20% 29.60% n/a n/a n/a n/a 9.70% p.a.

Mercer Diversified Alternatives Fund MIN0026AU No Yes 1.20% 10.30% n/a n/a n/a n/a 5.70% p.a.

Mercer Growth Plus Fund MIN0021AU Yes Yes -10.70% 18.50% n/a n/a n/a n/a 6.90% p.a.

Mercer Income Plus Fund MIN0027AU Yes Yes -2.30% 10.90% n/a n/a n/a n/a 4.10% p.a.

MFS Global Equity Fund MIA0001AU Yes Yes -18.30% 7.50% 23.38% -0.12% 20.46% 5.47% p.a. 5.28% p.a.

Mirvac Aqua Enhanced Income Fund JFF0003AU Yes Yes 7.82% n/a n/a n/a n/a n/a 6.63% p.a.

Mirvac Aqua High Income Fund JFF0001AU Yes Yes 9.49% 9.47% 9.70% n/a n/a n/a 9.68% p.a.

Mirvac Aqua Income Fund JFF0002AU Yes Yes 7.04% 6.52% 6.38% n/a n/a n/a 7.58% p.a.

MLC Platinum Global Fund MLC0317AU No Yes -17.81% 10.72% 25.51% -0.18% 34.86% 8.99% p.a. 5.32% p.a.

MLC Wholesale Australian Share Fund MLC0262AU No Yes -15.30% 26.06% 21.25% 26.01% 20.85% 14.54% p.a. 10.09% p.a.

MLC Wholesale Global Share Fund MLC0261AU Yes Yes -19.35% 8.32% 21.87% -0.51% 17.83% 4.53% p.a. 2.04% p.a.

MLC Wholesale IncomeBuilder MLC0264AU Yes Yes -24.05% 24.44% 13.65% 21.33% 17.73% 8.94% p.a. 8.35% p.a.

MLC Wholesale Property Securities Fund MLC0263AU Yes Yes -32.57% 24.47% 17.44% 18.28% 17.37% 6.47% p.a. 8.42% p.a.

MLC Wsale Aust Share Growth Style Fund MLC0623AU Yes Yes -10.46% 23.04% 26.36% n/a n/a n/a 14.67% p.a.

MLC Wsale Aust Share Value Style Fund MLC0624AU Yes Yes -15.99% 29.68% 14.32% n/a n/a n/a 10.35% p.a.

MLC Wsale Capital Intl Global Share Fund MLC0316AU Yes Yes -18.23% 6.28% 22.52% -2.53% 17.71% 4.08% p.a. -3.61% 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.

17


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)




Macquarie Equinox Limited – Class B Shares MAQ0001BM No Yes n/a n/a n/a n/a n/a n/a n/a

Macquarie Equinox Limited – Class C Shares MAQ0002BM No Yes n/a n/a n/a n/a n/a n/a n/a

Macquarie Fortress Fund MAQ0352AU No Yes -37.31% 10.20% 5.80% 18.00% n/a n/a -3.94% p.a.

Macquarie Global Infrastructure Trust MAQ0222AU No Yes n/a n/a n/a n/a n/a n/a 9.74% p.a.

Macquarie Global Infrastructure Trust II MAQ0353AU No Yes n/a n/a n/a n/a n/a n/a 14.16% p.a.

Macquarie Global Private Equity Sec Fund MAQ0447AU Yes Yes -25.06% 24.72% 0.00% 0.00% 0.00% 0.00% p.a. -3.06% p.a.

Macquarie Global Prop Sec Fund Hedged MAQ0436AU Yes Yes -22.61% 34.39% 0.00% 0.00% 0.00% 0.00% p.a. 9.57% p.a.

Macquarie Globalis BRIC Adv Hedged MAQ0473AU Yes Yes 0.64% n/a n/a n/a n/a n/a 16.24% p.a.

Macquarie Globalis BRIC Adv Unhedged MAQ0474AU Yes Yes -11.53% n/a n/a n/a n/a n/a 1.30% p.a.

Macquarie Income Opportunities Fund MAQ0277AU Yes Yes 3.73% 6.71% 5.89% 5.93% 0.00% 0.00% p.a. 5.57% p.a.

Macquarie Income Plus Fund No 1 MAQ0325AU No Yes 4.52% 6.68% 6.25% 6.28% 0.00% 0.00% p.a. 5.96% p.a.

Macquarie Index-Linked Prop Sec Fund MAQ0431AU Yes Yes -36.45% 25.78% 0.00% 0.00% 0.00% 0.00% p.a. -5.72% p.a.

Macquarie International Infrastructure Securities Fund MAQ0432AU Yes Yes -16.38% 38.89% 0.00% 0.00% 0.00% 0.00% p.a. 8.11% p.a.

Macquarie Martin Place Trust MAQ0270AU No Yes -4.31% 29.20% 40.90% 9.21% 0.00% 12.62% p.a. 11.80% p.a.

Macquarie Master Active Aust Equity Fund MAQ0062AU No Yes -11.15% 27.77% 25.97% 27.65% 19.52% 16.87% p.a. 8.69% p.a.

Macquarie Master Alpha Plus Fund MAQ0278AU Yes Yes -11.12% 27.78% 25.95% 27.62% 19.57% 16.88% p.a. 17.17% p.a.

Macquarie Master Aust Enhanced Equities Fund MAQ0057AU No Yes -13.86% 28.55% 23.63% 26.13% 20.74% 15.81% p.a. 11.50% p.a.

Macquarie Master Balanced Fund MAQ0058AU Yes Yes -10.08% 18.06% 14.74% 13.76% 15.60% 9.87% p.a. 7.84% p.a.

Macquarie Master Capital Stable Fund MAQ0059AU Yes Yes -2.51% 9.70% 8.57% 8.90% 7.72% 6.37% p.a. 7.05% p.a.

Macquarie Master Cash Fund MAQ0187AU Yes Yes 6.72% 5.88% 5.23% 5.09% 4.77% 5.53% p.a. 5.17% p.a.

Macquarie Master Cash Plus Fund MAQ0060AU Yes Yes 5.06% 5.92% 5.37% 5.32% 4.95% 5.32% p.a. 5.40% p.a.

Macquarie Master Diversified Fixed Interest Fund MAQ0274AU Yes Yes 3.56% 6.07% 2.94% 10.18% 5.17% 5.55% p.a. 7.03% p.a.

Macquarie Master Fixed Interest Fund MAQ0061AU Yes Yes 2.81% 3.38% 3.03% 5.83% 1.68% 3.33% p.a. 6.29% p.a.

Macquarie Master Geared Growth Fund MAQ0271AU Yes Yes -22.59% 43.20% 45.80% 41.32% 29.28% 24.15% p.a. 16.24% p.a.

Macquarie Master Imputation Fund MAQ0086AU No Yes -9.93% 26.95% 25.92% 27.48% 19.03% 16.90% p.a. 10.16% p.a.

Macquarie Master Property Sec Fund MAQ0063AU Yes Yes -41.16% 26.80% 17.52% 17.83% 16.10% 3.70% p.a. 9.30% p.a.

Macquarie Master Small Companies Fund MAQ0085AU No Yes -33.44% 82.19% 39.11% 36.89% 37.74% 26.01% p.a. 17.02% p.a.

Macquarie Private Equity Trust MAQ0104AU No Yes n/a n/a n/a n/a n/a n/a n/a

Macquarie Private Equity Trust II MAQ0269AU No Yes n/a n/a n/a n/a n/a n/a n/a

Macquarie Property Income Fund MAQ0300AU Yes Yes -67.37% 36.81% 26.35% 29.78% 18.87% -2.74% p.a. -2.95% p.a.

Macquarie Treasury Fund MAQ0055AU Yes Yes 7.28% 7.39% 5.79% 5.64% 5.31% 6.01% p.a. 6.23% p.a.

Macquarie True Index Aust Fixed Interest MAQ0211AU Yes Yes 4.41% 4.00% 3.41% 7.79% 2.33% 4.37% p.a. 5.53% p.a.

Macquarie True Index Australian Shares Fund MAQ0288AU No Yes -13.67% 29.21% 24.03% 26.02% 21.72% 16.22% p.a. 16.37% p.a.

Macquarie True Index Global Bond Fund MAQ0266AU No Yes 8.69% 5.21% 1.20% 12.29% 3.51% 6.10% p.a. 7.17% p.a.

Macquarie True Index Linked Aust Share MAQ0455AU Yes Yes -13.72% 0.00% 0.00% 0.00% 0.00% 0.00% p.a. 2.81% p.a.

Macquarie True Index Property Securities MAQ0219AU Yes Yes -36.35% 25.87% 18.04% 18.10% 17.24% 5.53% p.a. 8.13% p.a.

Macquarie WRAP Solutions Cash Account* MAQ0203AU Yes Yes 7.57% n/a n/a n/a n/a n/a n/a

Macquarie Australian Equity Income Fund (formerly MQ Buy Write Fund) MAQ0452AU No Yes n/a n/a n/a n/a n/a n/a n/a

Magellan Global Fund MGE0001AU Yes Yes -17.24% n/a n/a n/a n/a n/a -17.24% p.a.

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

Maple-Brown Abbott Divers Invest Trust MPL0001AU Yes Yes -10.30% 15.40% 13.20% 13.40% 16.80% 9.20% p.a. 10.60% p.a.

Mariner Wholesale Mortgage Trust MRN0003AU Yes Yes 7.34% 6.72% 6.45.% n/a n/a 7.06% p.a. 7.02% p.a.

Maxim Property Securities Fund COL0001AU Yes Yes -29.66% 26.24% n/a n/a n/a n/a 0.43% p.a.

MCG Select Portfolio SLT0010AU Yes Yes 4.53% n/a n/a n/a n/a n/a 5.63% p.a.

Mercer Australian Shares Plus Fund MIN0020AU Yes Yes -13.20% 29.60% n/a n/a n/a n/a 9.70% p.a.

Mercer Diversified Alternatives Fund MIN0026AU No Yes 1.20% 10.30% n/a n/a n/a n/a 5.70% p.a.

Mercer Growth Plus Fund MIN0021AU Yes Yes -10.70% 18.50% n/a n/a n/a n/a 6.90% p.a.

Mercer Income Plus Fund MIN0027AU Yes Yes -2.30% 10.90% n/a n/a n/a n/a 4.10% p.a.

MFS Global Equity Fund MIA0001AU Yes Yes -18.30% 7.50% 23.38% -0.12% 20.46% 5.47% p.a. 5.28% p.a.

Mirvac Aqua Enhanced Income Fund JFF0003AU Yes Yes 7.82% n/a n/a n/a n/a n/a 6.63% p.a.

Mirvac Aqua High Income Fund JFF0001AU Yes Yes 9.49% 9.47% 9.70% n/a n/a n/a 9.68% p.a.

Mirvac Aqua Income Fund JFF0002AU Yes Yes 7.04% 6.52% 6.38% n/a n/a n/a 7.58% p.a.

MLC Platinum Global Fund MLC0317AU No Yes -17.81% 10.72% 25.51% -0.18% 34.86% 8.99% p.a. 5.32% p.a.

MLC Wholesale Australian Share Fund MLC0262AU No Yes -15.30% 26.06% 21.25% 26.01% 20.85% 14.54% p.a. 10.09% p.a.

MLC Wholesale Global Share Fund MLC0261AU Yes Yes -19.35% 8.32% 21.87% -0.51% 17.83% 4.53% p.a. 2.04% p.a.

MLC Wholesale IncomeBuilder MLC0264AU Yes Yes -24.05% 24.44% 13.65% 21.33% 17.73% 8.94% p.a. 8.35% p.a.

MLC Wholesale Property Securities Fund MLC0263AU Yes Yes -32.57% 24.47% 17.44% 18.28% 17.37% 6.47% p.a. 8.42% p.a.

MLC Wsale Aust Share Growth Style Fund MLC0623AU Yes Yes -10.46% 23.04% 26.36% n/a n/a n/a 14.67% p.a.

MLC Wsale Aust Share Value Style Fund MLC0624AU Yes Yes -15.99% 29.68% 14.32% n/a n/a n/a 10.35% p.a.

MLC Wsale Capital Intl Global Share Fund MLC0316AU Yes Yes -18.23% 6.28% 22.52% -2.53% 17.71% 4.08% p.a. -3.61% p.a.

18


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)



MLC Wsale Global Share Value Style Fund MLC0626AU Yes Yes -28.25% 17.53% 24.73% n/a n/a n/a 2.41% p.a.

MLC Wsale Horizon 3 Cons Growth Pfolio MLC0398AU Yes Yes -4.98% 12.23% 12.25% 11.61% 11.00% 8.20% p.a. 6.17% p.a.

MLC Wsale Horizon 4 Balanced Portfolio MLC0260AU Yes Yes -8.96% 15.46% 15.43% 13.84% 14.65% 9.63% p.a. 7.24% p.a.

MLC Wsale Horizon 5 Growth Portfolio MLC0265AU Yes Yes -12.11% 17.69% 18.24% 13.94% 17.28% 10.32% p.a. 7.06% p.a.

MLC Wsale Horizon 6 Share Portfolio MLC0397AU Yes Yes -14.41% 20.90% 20.66% 14.27% 20.00% 11.36% p.a. 5.61% p.a.

MLC Wsale Horizon 7 Acclerated Gth Pfolio MLC0449AU Yes Yes -20.83% 25.45% 24.85% 16.66% 24.41% 12.47% p.a. 11.86% p.a.

MMC Property Securities Fund MMC0103AU No Yes 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% p.a. 0.00% p.a.

MMC Small Companies Fund AMS0100AU Yes Yes -36.70% 20.59% 11.81% 23.09% 30.56% 6.52% p.a. 18.49% p.a.

MMC Wholesale Australian Share Fund MMC0100AU Yes Yes -22.04% 13.54% 7.54% 18.41% 14.03% 5.14% p.a. 8.17% p.a.

Morgan Stanley Global Franchise Fund MAQ0404AU Yes Yes -23.50% 8.00% 18.90% n/a n/a n/a 2.20% p.a.

MQ Asia Long Short Fund MAQ0476AU No Yes n/a n/a n/a n/a n/a n/a n/a

MQ Multi-Strategy Fund MAQ0453AU No Yes n/a n/a n/a n/a n/a n/a n/a

MQ Special Events Fund – Indirect MAQ0588AU No Yes n/a n/a n/a n/a n/a n/a n/a

MQ Term Plus – MTP003 MAQ0522AU No Yes 2.71% n/a n/a n/a n/a n/a 2.71% p.a.


Multiplex Diversified Property Fund MLP0001AU Yes Yes -26.9% p.a. n/a n/a n/a n/a n/a -14.86% p.a.

Multiplex Property Income Fund MLP0002AU Yes Yes 8.27% 7.87% n/a n/a n/a n/a 8.19% p.a.

Octavia Wsale Premium Income Fd 6 mth MFS0011AU Yes Yes 0.00% n/a n/a n/a n/a n/a 5.14% p.a.

Octaviar Wsale Premium Income Fd 12 mth MFS0010AU Yes Yes 0.00% n/a n/a n/a n/a n/a 5.65% p.a.

Octaviar Wsale Premium Income Fund MFS0009AU Yes Yes 4.28% 7.57% 7.27% 7.05% n/a n/a 7.24% p.a.

OM IP 16eight MAN0024CK No Yes 22.80% 13.40% n/a n/a n/a n/a 12.90% p.a.

OM-IP 130 Plus Series MAN0001CK No Yes 16.50% 11.90% 10.77% 15.05% -10.15% 8.30% p.a. 8.30% p.a.

OM-IP 140 PLUS MAN0014CK No Yes 17.40% 10.20% 10.08% 8.83% n/a n/a 11.10% p.a.

OM-IP 15seven Limited MAN0019CK No Yes 24.30% 15.80% 11.13% n/a n/a n/a 15.30% p.a.

OM-IP Eclipse Limited MAN0026CK No Yes 21.20% n/a n/a n/a n/a n/a 19.00% p.a.

OM-IP Hedge Plus Fund MAN0004CK No Yes 7.40% 13.50% 13.94% 13.18% -4.26% 8.50% p.a. 8.40% p.a.

OM-IP MultiStrategy Limited MAN0016CK No Yes 6.10% 15.00% 11.69% 11.15% n/a n/a 6.50% p.a.

OM-IP Strategic Limited MAN0005CK No Yes 4.00% 20.50% 16.18% 21.09% -2.20% 11.50% p.a. 11.70% p.a.

OM-IP Strategic Series 4 MAN0009CK No Yes 23.60% 16.30% 16.80% 19.57% -5.04% 13.80% p.a. 15.90% p.a.




OM-IP Strategic Series 9 MAN0015CK No Yes 22.30% 16.30% 15.93% 17.04% n/a n/a 11.10% p.a.

OM-IP Stratum Limited MAN0020CK No Yes 5.60% 13.80% 12.09% n/a n/a n/a 9.80% p.a.

Opis Capital Dynamic Eqt Fund OPS0001AU Yes Yes -40.50% 30.10% 32.40% 19.90% 36.00% 10.80% p.a. 14.20% p.a.

Opis Capital Premium Eqt Fund OPS0002AU Yes Yes -40.30% 26.20% 33.30% 21.30% 25.00% 8.80% p.a. 12.50% p.a.

Optimix Whol Geared Aust Share – Class B MMF0990AU Yes Yes -30.56% n/a n/a n/a n/a n/a 1.44% p.a.

Optimix Wholesale Balanced Trust LEF0107AU Yes Yes -10.75% 16.79% 16.90% 13.72% 15.81% 9.92% p.a. 8.07% p.a.

Optimix Wsale Aust Share Trust Class A LEF0043AU Yes Yes -12.37% 27.20% 24.23% 26.00% 4.06% 12.67% p.a. 15.06% p.a.

Optimix Wsale Australian Fixed Int Trust LEF0104AU Yes Yes 2.86% 3.48% 3.36% 7.55% 2.30% 3.89% p.a. 5.53% p.a.

Optimix Wsale Australian Property Securities Trust LEF0101AU Yes Yes -40.04% 26.23% 17.01% 17.45% 15.36% 3.71% p.a. 7.46% p.a.

Optimix Wsale Australian Share Trust LEF0102AU Yes Yes -12.37% 27.34% 23.81% 26.33% 21.34% 16.19% p.a. 10.37% p.a.

Optimix Wsale Conservative Trust LEF0108AU Yes Yes -4.77% 10.34% 9.20% 10.10% 8.35% 6.48% p.a. 6.25% p.a.

Optimix Wsale Enhanced Cash Trust LEF0105AU Yes Yes 4.76% 5.72% 5.51% 5.48% 4.67% 5.23% p.a. 5.12% p.a.

Optimix Wsale Glb Shares Trust Class A LEF0047AU Yes Yes -19.19% 10.35% 20.62% 1.30% 8.75% 3.45% p.a. 4.07% p.a.

Optimix Wsale Global Share Trust LEF0103AU Yes Yes -19.14% 10.46% 20.58% 1.45% 21.47% 5.82% p.a. 4.02% p.a.

Optimix Wsale Global Smaller Companies Share Trust LEF0173AU Yes Yes -21.66% 14.71% 22.44% 6.18% 30.05% 8.73% p.a. 5.53% p.a.

Optimix Wsale Growth Trust LEF0106AU Yes Yes -12.56% 18.71% 18.80% 14.88% 17.44% 10.72% p.a. 8.13% p.a.

Optimix Wsale High Growth Trust LEF0100AU Yes Yes -13.61% 20.43% 20.91% 13.42% 21.34% 11.60% p.a. 5.19% p.a.

Optimix Wsale Moderate Trust LEF0027AU Yes Yes -7.86% 13.24% 13.12% 12.02% 10.99% 7.97% p.a. 8.01% p.a.

Opus Income & Capital Fund No. 21 OPU0001AU No Yes 12.82% 13.61% 8.75% n/a n/a n/a 12.51% p.a.

Orb Technology ORB0001BM No Yes -1.55% -1.50% -7.34% -0.97% 5.46% n/a -1.58% p.a.

Orchard Hybrid Property Fund SAI0001AU Yes Yes -1.48% 19.08% 15.59% 24.60% 11.26% 13.04% p.a. 13.04% p.a.

Ord Minnett Enhanced Income Fund ORD0005AU Yes Yes 4.77% 6.46% n/a n/a n/a n/a 5.61% p.a.

Ord Minnett Global Dynamic Fund ORD0007AU Yes Yes -23.28% n/a n/a n/a n/a n/a -15.43% p.a.

Ord Minnett hedged Global Dynamic Fund ORD0008AU Yes Yes n/a n/a n/a n/a n/a n/a -23.62% p.a.

Ord Minnett Premium Yield Fund ORD0006AU Yes Yes -18.30% n/a n/a n/a n/a n/a -5.49% p.a.

Orion Wsale Australian Share Fund HOW0020AU Yes Yes -11.43% 26.53% 27.66% 31.47% n/a n/a 17.52% p.a.

Patriot Australian Share Fund PAT0001AU Yes Yes -16.31% 25.57% 30.69% n/a n/a n/a 11.15% p.a.

Patriot Small Companies Fund PAT0002AU Yes Yes -20.21% 65.61% 38.78% n/a n/a n/a 22.38% p.a.

Pengana Absolute Return Real Estate Fund PER0282AU No Yes n/a n/a n/a n/a n/a n/a n/a

Pengana Emerging Companies Fund PER0270AU Yes Yes -29.47% 70.74% 37.48% n/a n/a n/a 18.61% p.a.

Pengana Property Securities Fund PER0076AU Yes Yes -39.84% 28.72% 17.26% n/a n/a n/a 4.71% p.a.


19


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)



MLC Wsale Global Share Value Style Fund MLC0626AU Yes Yes -28.25% 17.53% 24.73% n/a n/a n/a 2.41% p.a.

MLC Wsale Horizon 3 Cons Growth Pfolio MLC0398AU Yes Yes -4.98% 12.23% 12.25% 11.61% 11.00% 8.20% p.a. 6.17% p.a.

MLC Wsale Horizon 4 Balanced Portfolio MLC0260AU Yes Yes -8.96% 15.46% 15.43% 13.84% 14.65% 9.63% p.a. 7.24% p.a.

MLC Wsale Horizon 5 Growth Portfolio MLC0265AU Yes Yes -12.11% 17.69% 18.24% 13.94% 17.28% 10.32% p.a. 7.06% p.a.

MLC Wsale Horizon 6 Share Portfolio MLC0397AU Yes Yes -14.41% 20.90% 20.66% 14.27% 20.00% 11.36% p.a. 5.61% p.a.

MLC Wsale Horizon 7 Acclerated Gth Pfolio MLC0449AU Yes Yes -20.83% 25.45% 24.85% 16.66% 24.41% 12.47% p.a. 11.86% p.a.

MMC Property Securities Fund MMC0103AU No Yes 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% p.a. 0.00% p.a.

MMC Small Companies Fund AMS0100AU Yes Yes -36.70% 20.59% 11.81% 23.09% 30.56% 6.52% p.a. 18.49% p.a.

MMC Wholesale Australian Share Fund MMC0100AU Yes Yes -22.04% 13.54% 7.54% 18.41% 14.03% 5.14% p.a. 8.17% p.a.

Morgan Stanley Global Franchise Fund MAQ0404AU Yes Yes -23.50% 8.00% 18.90% n/a n/a n/a 2.20% p.a.

MQ Asia Long Short Fund MAQ0476AU No Yes n/a n/a n/a n/a n/a n/a n/a

MQ Multi-Strategy Fund MAQ0453AU No Yes n/a n/a n/a n/a n/a n/a n/a

MQ Special Events Fund – Indirect MAQ0588AU No Yes n/a n/a n/a n/a n/a n/a n/a



Multiplex Diversified Property Fund MLP0001AU Yes Yes -26.9% p.a. n/a n/a n/a n/a n/a -14.86% p.a.

Multiplex Property Income Fund MLP0002AU Yes Yes 8.27% 7.87% n/a n/a n/a n/a 8.19% p.a.

Octavia Wsale Premium Income Fd 6 mth MFS0011AU Yes Yes 0.00% n/a n/a n/a n/a n/a 5.14% p.a.

Octaviar Wsale Premium Income Fd 12 mth MFS0010AU Yes Yes 0.00% n/a n/a n/a n/a n/a 5.65% p.a.

Octaviar Wsale Premium Income Fund MFS0009AU Yes Yes 4.28% 7.57% 7.27% 7.05% n/a n/a 7.24% p.a.

OM IP 16eight MAN0024CK No Yes 22.80% 13.40% n/a n/a n/a n/a 12.90% p.a.

OM-IP 130 Plus Series MAN0001CK No Yes 16.50% 11.90% 10.77% 15.05% -10.15% 8.30% p.a. 8.30% p.a.

OM-IP 140 PLUS MAN0014CK No Yes 17.40% 10.20% 10.08% 8.83% n/a n/a 11.10% p.a.

OM-IP 15seven Limited MAN0019CK No Yes 24.30% 15.80% 11.13% n/a n/a n/a 15.30% p.a.

OM-IP Eclipse Limited MAN0026CK No Yes 21.20% n/a n/a n/a n/a n/a 19.00% p.a.

OM-IP Hedge Plus Fund MAN0004CK No Yes 7.40% 13.50% 13.94% 13.18% -4.26% 8.50% p.a. 8.40% p.a.

OM-IP MultiStrategy Limited MAN0016CK No Yes 6.10% 15.00% 11.69% 11.15% n/a n/a 6.50% p.a.

OM-IP Strategic Limited MAN0005CK No Yes 4.00% 20.50% 16.18% 21.09% -2.20% 11.50% p.a. 11.70% p.a.





OM-IP Strategic Series 9 MAN0015CK No Yes 22.30% 16.30% 15.93% 17.04% n/a n/a 11.10% p.a.

OM-IP Stratum Limited MAN0020CK No Yes 5.60% 13.80% 12.09% n/a n/a n/a 9.80% p.a.

Opis Capital Dynamic Eqt Fund OPS0001AU Yes Yes -40.50% 30.10% 32.40% 19.90% 36.00% 10.80% p.a. 14.20% p.a.

Opis Capital Premium Eqt Fund OPS0002AU Yes Yes -40.30% 26.20% 33.30% 21.30% 25.00% 8.80% p.a. 12.50% p.a.

Optimix Whol Geared Aust Share – Class B MMF0990AU Yes Yes -30.56% n/a n/a n/a n/a n/a 1.44% p.a.

Optimix Wholesale Balanced Trust LEF0107AU Yes Yes -10.75% 16.79% 16.90% 13.72% 15.81% 9.92% p.a. 8.07% p.a.

Optimix Wsale Aust Share Trust Class A LEF0043AU Yes Yes -12.37% 27.20% 24.23% 26.00% 4.06% 12.67% p.a. 15.06% p.a.

Optimix Wsale Australian Fixed Int Trust LEF0104AU Yes Yes 2.86% 3.48% 3.36% 7.55% 2.30% 3.89% p.a. 5.53% p.a.

Optimix Wsale Australian Property Securities Trust LEF0101AU Yes Yes -40.04% 26.23% 17.01% 17.45% 15.36% 3.71% p.a. 7.46% p.a.

Optimix Wsale Australian Share Trust LEF0102AU Yes Yes -12.37% 27.34% 23.81% 26.33% 21.34% 16.19% p.a. 10.37% p.a.

Optimix Wsale Conservative Trust LEF0108AU Yes Yes -4.77% 10.34% 9.20% 10.10% 8.35% 6.48% p.a. 6.25% p.a.

Optimix Wsale Enhanced Cash Trust LEF0105AU Yes Yes 4.76% 5.72% 5.51% 5.48% 4.67% 5.23% p.a. 5.12% p.a.

Optimix Wsale Glb Shares Trust Class A LEF0047AU Yes Yes -19.19% 10.35% 20.62% 1.30% 8.75% 3.45% p.a. 4.07% p.a.

Optimix Wsale Global Share Trust LEF0103AU Yes Yes -19.14% 10.46% 20.58% 1.45% 21.47% 5.82% p.a. 4.02% p.a.

Optimix Wsale Global Smaller Companies Share Trust LEF0173AU Yes Yes -21.66% 14.71% 22.44% 6.18% 30.05% 8.73% p.a. 5.53% p.a.

Optimix Wsale Growth Trust LEF0106AU Yes Yes -12.56% 18.71% 18.80% 14.88% 17.44% 10.72% p.a. 8.13% p.a.

Optimix Wsale High Growth Trust LEF0100AU Yes Yes -13.61% 20.43% 20.91% 13.42% 21.34% 11.60% p.a. 5.19% p.a.

Optimix Wsale Moderate Trust LEF0027AU Yes Yes -7.86% 13.24% 13.12% 12.02% 10.99% 7.97% p.a. 8.01% p.a.

Opus Income & Capital Fund No. 21 OPU0001AU No Yes 12.82% 13.61% 8.75% n/a n/a n/a 12.51% p.a.

Orb Technology ORB0001BM No Yes -1.55% -1.50% -7.34% -0.97% 5.46% n/a -1.58% p.a.

Orchard Hybrid Property Fund SAI0001AU Yes Yes -1.48% 19.08% 15.59% 24.60% 11.26% 13.04% p.a. 13.04% p.a.

Ord Minnett Enhanced Income Fund ORD0005AU Yes Yes 4.77% 6.46% n/a n/a n/a n/a 5.61% p.a.

Ord Minnett Global Dynamic Fund ORD0007AU Yes Yes -23.28% n/a n/a n/a n/a n/a -15.43% p.a.

Ord Minnett hedged Global Dynamic Fund ORD0008AU Yes Yes n/a n/a n/a n/a n/a n/a -23.62% p.a.

Ord Minnett Premium Yield Fund ORD0006AU Yes Yes -18.30% n/a n/a n/a n/a n/a -5.49% p.a.

Orion Wsale Australian Share Fund HOW0020AU Yes Yes -11.43% 26.53% 27.66% 31.47% n/a n/a 17.52% p.a.

Patriot Australian Share Fund PAT0001AU Yes Yes -16.31% 25.57% 30.69% n/a n/a n/a 11.15% p.a.

Patriot Small Companies Fund PAT0002AU Yes Yes -20.21% 65.61% 38.78% n/a n/a n/a 22.38% p.a.

Pengana Absolute Return Real Estate Fund PER0282AU No Yes n/a n/a n/a n/a n/a n/a n/a

Pengana Emerging Companies Fund PER0270AU Yes Yes -29.47% 70.74% 37.48% n/a n/a n/a 18.61% p.a.

Pengana Property Securities Fund PER0076AU Yes Yes -39.84% 28.72% 17.26% n/a n/a n/a 4.71% p.a.

20


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)



Perennial Asian Shares Wsale Trust IOF0203AU Yes Yes -19.58% 25.50% 14.55% 15.23% 20.98% 10.02% p.a. 4.79% p.a.

Perennial Aust Property Wsale Trust IOF0044AU Yes Yes -37.60% 23.39% 16.27% 22.15% 17.03% 5.06% p.a. 9.75% p.a.

Perennial Balanced Wsale Trust IOF0104AU Yes Yes -8.97% 15.48% 14.72% 13.96% 16.62% 9.00% p.a. 6.69% p.a.

Perennial Cash Enhanced Fund IOF0111AU No Yes 4.55% 6.31% 5.47% 5.48% 5.16% 5.39% p.a. 5.47% p.a.

Perennial Fixed Interest Wsale Trust IOF0046AU Yes Yes 2.46% 3.49% 3.32% 7.28% 3.04% 3.90% p.a. 7.18% p.a.

Perennial Global Property Wsale Trust IOF0081AU Yes Yes -21.16% 21.81% n/a n/a n/a n/a -3.05% p.a.

Perennial Growth Shares Wsale Trust IOF0048AU Yes Yes -13.12% 31.91% 29.90% 28.47% 22.58% 18.58% p.a. 11.51% p.a.

Perennial Intl Shares Wsale Trust IOF0045AU Yes Yes -11.64% 6.07% 14.26% -2.60% 21.40% 4.83% p.a. 6.11% p.a.

Perennial Value High Yield Shares Trust IOF0078AU Yes Yes -18.82% 37.04% n/a n/a n/a n/a 5.99% p.a.

Perennial Value High Yield Shares Trust IOF0078AU Yes Yes n/a n/a n/a n/a n/a n/a n/a

Perennial Value Shares Wsale Trust IOF0206AU Yes Yes -12.71% 28.32% 19.93% 27.11% 22.15% 15.84% p.a. 12.81% p.a.

Perennial Value Shares Wsale Trust IOF0206AU Yes Yes n/a n/a n/a n/a n/a n/a n/a

Perpetual Credit Enhanced Cash Fund PER0265AU No Yes 3.38% 6.47% 5.94% 6.01% 5.50% 5.45% p.a. 5.32% p.a.

Perpetual Credit Enhanced Cash Fund (AA) PER0261AU No Yes 4.40% 6.34% 5.86% n/a n/a n/a 5.63% p.a.

Perpetual Credit Income Fund PER0263AU No Yes -1.52% 6.43% 6.12% n/a n/a n/a 4.11% p.a.

Perpetual Exact Market Cash Fund PER0258AU Yes Yes 7.34% 6.42% 5.75% n/a n/a n/a 6.43% p.a.

Perpetual Structured Income Fund PER0365AU No Yes -15.75% n/a n/a n/a n/a n/a -7.13% p.a.

Perpetual Whol Diversified Income Fund PER0260AU Yes Yes -0.33% 7.08% n/a n/a n/a n/a 4.15% p.a.

Perpetual Wholesale Conservative Growth Fund PER0077AU Yes Yes -0.74% 9.12% 9.71% 10.22% n/a n/a 7.25% p.a.

Perpetual Wholesale Intl Share Fund PER0050AU Yes Yes -21.79% 5.20% 17.45% 1.72% 20.11% 3.38% p.a. 3.00% p.a.

Perpetual Wholesale Property Income Fund PER0266AU Yes Yes -24.80% 21.84% 18.18% n/a n/a n/a 4.56% p.a.

Perpetual Wholesale Split Growth Fund PER0066AU Yes Yes -21.99% 14.01% 16.53% 9.17% 20.13% 6.33% p.a. 2.13% p.a.

Perpetual Wsale Australian Fund PER0049AU Yes Yes -10.52% 23.04% 26.36% 27.02% 24.47% 17.07% p.a. 13.66% p.a.

Perpetual Wsale Balanced Growth Fund PER0063AU Yes Yes -9.86% 10.47% 17.27% 14.71% 17.78% 9.55% p.a. 8.07% p.a.

Perpetual Wsale Concentrated Equity Fund PER0102AU Yes Yes -9.23% 24.33% 25.70% 20.70% 24.11% 16.27% p.a. 14.67% p.a.

Perpetual Wsale Diversified Growth Fund PER0114AU Yes Yes -5.41% 9.06% 12.98% 12.12% 12.17% 7.95% p.a. 5.93% p.a.

Perpetual Wsale Ethical SRI Fund PER0116AU Yes Yes -27.64% 38.33% 26.30% 22.02% 20.10% 13.12% p.a. 10.75% p.a.

Perpetual Wsale Geared Australian Fund PER0071AU Yes Yes -33.19% 44.20% 49.31% 51.63% 44.86% 25.87% p.a. 27.07% p.a.

Perpetual Wsale Industrial Fund PER0046AU Yes Yes -23.39% 28.03% 15.36% 21.34% 20.78% 10.64% p.a. 11.80% p.a.

Perpetual Wsale Monthly Income Fund PER0106AU Yes Yes 6.24% 6.44% 6.15% 6.01% 5.63% 6.09% p.a. 5.99% p.a.

Perpetual Wsale Property Securities Fund PER0070AU Yes Yes -39.82% 24.60% 19.29% 17.54% 16.25% 4.10% p.a. 7.90% p.a.

Perpetual Wsale Share-Plus Fund PER0072AU Yes Yes -5.79% 21.57% 23.92% 24.16% 24.71% 17.06% p.a. 18.07% p.a.

Perpetual Wsale Smaller Companies Fund PER0048AU Yes Yes -18.04% 47.27% 19.94% 19.54% 27.21% 17.10% p.a. 15.98% p.a.

Perpetual`s Inv Choice Small Companies PER0039AU Yes Yes -18.69% 45.77% 18.59% 18.06% 25.79% 15.86% p.a. 16.83% p.a.

Peters MacGregor Global Fund WPC0002AU Yes Yes -16.15% 18.85% 3.06% 3.92% n/a n/a 2.91% p.a.

Platinum Asia Fund PLA0004AU Yes Yes -10.10% 32.11% 28.34% 47.14% 31.63% 24.14% p.a. 24.32% p.a.

Platinum European Fund PLA0001AU Yes Yes -23.87% 18.01% 25.80% 3.70% 34.45% 9.51% p.a. 12.07% p.a.

Platinum Intl Brands Fund PLA0100AU Yes Yes -20.75% 9.83% 26.79% 21.21% 27.02% 11.17% p.a. 11.70% p.a.

Platinum Intl Fund PLA0002AU Yes Yes -16.14% 6.18% 26.75% -1.68% 27.91% 7.25% p.a. 14.04% p.a.

Platinum Intl Technology Fund PLA0101AU Yes Yes -18.97% 5.79% 30.55% -14.80% 35.82% 5.30% p.a. 6.73% p.a.

Platinum Japan Fund PLA0003AU Yes Yes -22.94% -9.57% 33.46% 3.49% 45.24% 6.92% p.a. 14.68% p.a.

Platinum Unhedged Fund PLA0006AU Yes Yes -14.15% 14.14% 44.19% n/a n/a n/a 10.24% p.a.

PM CAPITAL Absolute Performance Fund PMC0100AU Yes Yes -38.00% 8.50% 17.10% 0.60% 26.70% 0.40% p.a. 6.40% p.a.

PM CAPITAL Australian Opportunities Fund PMC0101AU Yes Yes -29.80% 21.60% 25.20% 13.80% 33.90% 62.80% p.a. 11.30% p.a.

PM CAPITAL Enhanced Yield Fund PMC0103AU Yes Yes 3.90% 7.50% 7.20% 5.80% 6.90% 34.20% p.a. 7.10% p.a.

Portfolio Partners Dividend Builder PPL0002AU Yes Yes -24.92% 30.49% n/a n/a n/a n/a 2.43% p.a.

Portfolio Partners Elite Opportunities Trust PPL0115AU Yes Yes -8.83% 24.71% 25.54% 26.03% 32.84% 19.03% p.a. 17.31% p.a.

Portfolio Partners Emerging Shares Trust PPL0107AU Yes Yes -5.46% 46.74% 31.72% 26.16% 34.13% 25.33% p.a. 15.57% p.a.

Portfolio Partners High Growth Shares Trust PPL0106AU Yes Yes -4.52% 22.43% 23.23% 24.19% 31.57% 18.67% p.a. 15.16% p.a.

Portfolio Partners Income Plus Growth Trust PPL0103AU Yes Yes -10.33% 14.08% 6.86% 11.61% 11.38% 6.33% p.a. 6.36% p.a.

Portfolio Partners Listed Property Trust NFS0209AU Yes Yes -32.76% 27.96% 17.87% 19.77% 17.96% 7.46% p.a. 9.15% p.a.

Portfolio Partners Premier Fixed Income Trust PPL0114AU Yes Yes 468.00% 425.00% 347.00% 864.00% 359.00% 491.00% p.a. 608.00% p.a.

Portfolio Partners Shares Trust PPL0104AU No Yes -12.68% 24.94% 24.60% 22.71% 24.59% 15.75% p.a. 10.31% p.a.

Premium China Fund MAQ0441AU Yes Yes -18.47% 47.36% 0.00% 0.00% 0.00% 0.00% p.a. 16.79% p.a.

Premium SAM Asia Property Fund MAQ0574AU Yes Yes -2.26% 0.00% 0.00% 0.00% 0.00% 0.00% p.a. -2.26% p.a.

Prime Value Growth Fund PVA0011AU Yes Yes -4.82% 30.57% 24.37% 47.47% 27.93% 23.87% p.a. 19.27% p.a.

Prime Value Imputation Fund PVA0022AU Yes Yes -18.68% 31.78% 15.29% 32.70% 39.78% 18.04% p.a. 21.61% p.a.

Principal Global Strategic Income Fund PGI0001AU Yes Yes -8.80% 6.44% 7.50% 8.09% n/a n/a 3.28% p.a.

Principal Property Securities Fund PRE0001AU Yes Yes -39.43% 26.44% 21.38% 21.34% 16.21% 5.55% p.a. 6.31% p.a.

RCM Global Equities Fund THO0003AU Yes Yes -20.39% 8.30% 21.75% -5.88% 10.76% 1.82% p.a. 5.11% p.a.

Real Estate Capital Partners Enhanced Income Fund TFG0001AU Yes Yes -48.60% 30.50% 22.00% 23.30% 23.60% 4.50% p.a. 6.00% p.a.

RREEF Global (ex Aust) Prop Sec Fund MGL0010AU Yes Yes -19.11% 22.51% 28.77% n/a n/a n/a 13.45% p.a.

RREEF Global Equity Opportunities Fund MGL0134AU No Yes -1.84% 18.42% 15.15% 10.94% 10.53% 10.42% p.a. 8.42% p.a.


21


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)



Perennial Asian Shares Wsale Trust IOF0203AU Yes Yes -19.58% 25.50% 14.55% 15.23% 20.98% 10.02% p.a. 4.79% p.a.

Perennial Aust Property Wsale Trust IOF0044AU Yes Yes -37.60% 23.39% 16.27% 22.15% 17.03% 5.06% p.a. 9.75% p.a.

Perennial Balanced Wsale Trust IOF0104AU Yes Yes -8.97% 15.48% 14.72% 13.96% 16.62% 9.00% p.a. 6.69% p.a.

Perennial Cash Enhanced Fund IOF0111AU No Yes 4.55% 6.31% 5.47% 5.48% 5.16% 5.39% p.a. 5.47% p.a.

Perennial Fixed Interest Wsale Trust IOF0046AU Yes Yes 2.46% 3.49% 3.32% 7.28% 3.04% 3.90% p.a. 7.18% p.a.

Perennial Global Property Wsale Trust IOF0081AU Yes Yes -21.16% 21.81% n/a n/a n/a n/a -3.05% p.a.

Perennial Growth Shares Wsale Trust IOF0048AU Yes Yes -13.12% 31.91% 29.90% 28.47% 22.58% 18.58% p.a. 11.51% p.a.

Perennial Intl Shares Wsale Trust IOF0045AU Yes Yes -11.64% 6.07% 14.26% -2.60% 21.40% 4.83% p.a. 6.11% p.a.

Perennial Value High Yield Shares Trust IOF0078AU Yes Yes -18.82% 37.04% n/a n/a n/a n/a 5.99% p.a.

Perennial Value High Yield Shares Trust IOF0078AU Yes Yes n/a n/a n/a n/a n/a n/a n/a

Perennial Value Shares Wsale Trust IOF0206AU Yes Yes -12.71% 28.32% 19.93% 27.11% 22.15% 15.84% p.a. 12.81% p.a.

Perennial Value Shares Wsale Trust IOF0206AU Yes Yes n/a n/a n/a n/a n/a n/a n/a

Perpetual Credit Enhanced Cash Fund PER0265AU No Yes 3.38% 6.47% 5.94% 6.01% 5.50% 5.45% p.a. 5.32% p.a.

Perpetual Credit Enhanced Cash Fund (AA) PER0261AU No Yes 4.40% 6.34% 5.86% n/a n/a n/a 5.63% p.a.

Perpetual Credit Income Fund PER0263AU No Yes -1.52% 6.43% 6.12% n/a n/a n/a 4.11% p.a.

Perpetual Exact Market Cash Fund PER0258AU Yes Yes 7.34% 6.42% 5.75% n/a n/a n/a 6.43% p.a.

Perpetual Structured Income Fund PER0365AU No Yes -15.75% n/a n/a n/a n/a n/a -7.13% p.a.

Perpetual Whol Diversified Income Fund PER0260AU Yes Yes -0.33% 7.08% n/a n/a n/a n/a 4.15% p.a.

Perpetual Wholesale Conservative Growth Fund PER0077AU Yes Yes -0.74% 9.12% 9.71% 10.22% n/a n/a 7.25% p.a.

Perpetual Wholesale Intl Share Fund PER0050AU Yes Yes -21.79% 5.20% 17.45% 1.72% 20.11% 3.38% p.a. 3.00% p.a.

Perpetual Wholesale Property Income Fund PER0266AU Yes Yes -24.80% 21.84% 18.18% n/a n/a n/a 4.56% p.a.

Perpetual Wholesale Split Growth Fund PER0066AU Yes Yes -21.99% 14.01% 16.53% 9.17% 20.13% 6.33% p.a. 2.13% p.a.

Perpetual Wsale Australian Fund PER0049AU Yes Yes -10.52% 23.04% 26.36% 27.02% 24.47% 17.07% p.a. 13.66% p.a.

Perpetual Wsale Balanced Growth Fund PER0063AU Yes Yes -9.86% 10.47% 17.27% 14.71% 17.78% 9.55% p.a. 8.07% p.a.

Perpetual Wsale Concentrated Equity Fund PER0102AU Yes Yes -9.23% 24.33% 25.70% 20.70% 24.11% 16.27% p.a. 14.67% p.a.

Perpetual Wsale Diversified Growth Fund PER0114AU Yes Yes -5.41% 9.06% 12.98% 12.12% 12.17% 7.95% p.a. 5.93% p.a.

Perpetual Wsale Ethical SRI Fund PER0116AU Yes Yes -27.64% 38.33% 26.30% 22.02% 20.10% 13.12% p.a. 10.75% p.a.

Perpetual Wsale Geared Australian Fund PER0071AU Yes Yes -33.19% 44.20% 49.31% 51.63% 44.86% 25.87% p.a. 27.07% p.a.

Perpetual Wsale Industrial Fund PER0046AU Yes Yes -23.39% 28.03% 15.36% 21.34% 20.78% 10.64% p.a. 11.80% p.a.

Perpetual Wsale Monthly Income Fund PER0106AU Yes Yes 6.24% 6.44% 6.15% 6.01% 5.63% 6.09% p.a. 5.99% p.a.

Perpetual Wsale Property Securities Fund PER0070AU Yes Yes -39.82% 24.60% 19.29% 17.54% 16.25% 4.10% p.a. 7.90% p.a.

Perpetual Wsale Share-Plus Fund PER0072AU Yes Yes -5.79% 21.57% 23.92% 24.16% 24.71% 17.06% p.a. 18.07% p.a.

Perpetual Wsale Smaller Companies Fund PER0048AU Yes Yes -18.04% 47.27% 19.94% 19.54% 27.21% 17.10% p.a. 15.98% p.a.

Perpetual`s Inv Choice Small Companies PER0039AU Yes Yes -18.69% 45.77% 18.59% 18.06% 25.79% 15.86% p.a. 16.83% p.a.

Peters MacGregor Global Fund WPC0002AU Yes Yes -16.15% 18.85% 3.06% 3.92% n/a n/a 2.91% p.a.

Platinum Asia Fund PLA0004AU Yes Yes -10.10% 32.11% 28.34% 47.14% 31.63% 24.14% p.a. 24.32% p.a.

Platinum European Fund PLA0001AU Yes Yes -23.87% 18.01% 25.80% 3.70% 34.45% 9.51% p.a. 12.07% p.a.

Platinum Intl Brands Fund PLA0100AU Yes Yes -20.75% 9.83% 26.79% 21.21% 27.02% 11.17% p.a. 11.70% p.a.

Platinum Intl Fund PLA0002AU Yes Yes -16.14% 6.18% 26.75% -1.68% 27.91% 7.25% p.a. 14.04% p.a.

Platinum Intl Technology Fund PLA0101AU Yes Yes -18.97% 5.79% 30.55% -14.80% 35.82% 5.30% p.a. 6.73% p.a.

Platinum Japan Fund PLA0003AU Yes Yes -22.94% -9.57% 33.46% 3.49% 45.24% 6.92% p.a. 14.68% p.a.

Platinum Unhedged Fund PLA0006AU Yes Yes -14.15% 14.14% 44.19% n/a n/a n/a 10.24% p.a.

PM CAPITAL Absolute Performance Fund PMC0100AU Yes Yes -38.00% 8.50% 17.10% 0.60% 26.70% 0.40% p.a. 6.40% p.a.

PM CAPITAL Australian Opportunities Fund PMC0101AU Yes Yes -29.80% 21.60% 25.20% 13.80% 33.90% 62.80% p.a. 11.30% p.a.

PM CAPITAL Enhanced Yield Fund PMC0103AU Yes Yes 3.90% 7.50% 7.20% 5.80% 6.90% 34.20% p.a. 7.10% p.a.

Portfolio Partners Dividend Builder PPL0002AU Yes Yes -24.92% 30.49% n/a n/a n/a n/a 2.43% p.a.

Portfolio Partners Elite Opportunities Trust PPL0115AU Yes Yes -8.83% 24.71% 25.54% 26.03% 32.84% 19.03% p.a. 17.31% p.a.

Portfolio Partners Emerging Shares Trust PPL0107AU Yes Yes -5.46% 46.74% 31.72% 26.16% 34.13% 25.33% p.a. 15.57% p.a.

Portfolio Partners High Growth Shares Trust PPL0106AU Yes Yes -4.52% 22.43% 23.23% 24.19% 31.57% 18.67% p.a. 15.16% p.a.

Portfolio Partners Income Plus Growth Trust PPL0103AU Yes Yes -10.33% 14.08% 6.86% 11.61% 11.38% 6.33% p.a. 6.36% p.a.

Portfolio Partners Listed Property Trust NFS0209AU Yes Yes -32.76% 27.96% 17.87% 19.77% 17.96% 7.46% p.a. 9.15% p.a.

Portfolio Partners Premier Fixed Income Trust PPL0114AU Yes Yes 468.00% 425.00% 347.00% 864.00% 359.00% 491.00% p.a. 608.00% p.a.

Portfolio Partners Shares Trust PPL0104AU No Yes -12.68% 24.94% 24.60% 22.71% 24.59% 15.75% p.a. 10.31% p.a.

Premium China Fund MAQ0441AU Yes Yes -18.47% 47.36% 0.00% 0.00% 0.00% 0.00% p.a. 16.79% p.a.

Premium SAM Asia Property Fund MAQ0574AU Yes Yes -2.26% 0.00% 0.00% 0.00% 0.00% 0.00% p.a. -2.26% p.a.

Prime Value Growth Fund PVA0011AU Yes Yes -4.82% 30.57% 24.37% 47.47% 27.93% 23.87% p.a. 19.27% p.a.

Prime Value Imputation Fund PVA0022AU Yes Yes -18.68% 31.78% 15.29% 32.70% 39.78% 18.04% p.a. 21.61% p.a.

Principal Global Strategic Income Fund PGI0001AU Yes Yes -8.80% 6.44% 7.50% 8.09% n/a n/a 3.28% p.a.

Principal Property Securities Fund PRE0001AU Yes Yes -39.43% 26.44% 21.38% 21.34% 16.21% 5.55% p.a. 6.31% p.a.

RCM Global Equities Fund THO0003AU Yes Yes -20.39% 8.30% 21.75% -5.88% 10.76% 1.82% p.a. 5.11% p.a.

Real Estate Capital Partners Enhanced Income Fund TFG0001AU Yes Yes -48.60% 30.50% 22.00% 23.30% 23.60% 4.50% p.a. 6.00% p.a.

RREEF Global (ex Aust) Prop Sec Fund MGL0010AU Yes Yes -19.11% 22.51% 28.77% n/a n/a n/a 13.45% p.a.

RREEF Global Equity Opportunities Fund MGL0134AU No Yes -1.84% 18.42% 15.15% 10.94% 10.53% 10.42% p.a. 8.42% p.a.

22


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)



RREEF Global Property Securities Fund MGL0011AU Yes Yes -23.06% 23.31% 27.93% n/a n/a n/a 11.53% p.a.

RREEF Paladin Property Securities Fund PAL0002AU Yes Yes -41.76% 28.40% 20.94% 19.51% 16.41% 4.70% p.a. 10.02% p.a.

Rubicon M & A Fund Class B Units RCP0007AU No Yes n/a 11.80% 9.00% 25.10% 10.00% n/a 12.10% p.a.

Rubicon M&A Fund Class O Units RCP0001AU No Yes n/a 11.40% 8.10% 23.90% 8.30% n/a 12.10% p.a.

Russell Australian Opportunities Fund RIM0029AU Yes Yes -18.14% 27.41% 24.07% 26.97% n/a n/a 13.66% p.a.

Russell Australian Select Holdings Fund RIM0035AU Yes Yes -14.82% n/a n/a n/a n/a n/a -0.26% p.a.

Russell Australian Shares Fund – Class C RIM0015AU Yes Yes -14.77% 26.54% 23.03% 27.53% 19.93% 15.21% p.a. 10.62% p.a.

Russell Australian Shares Fund Class – A RIM0006AU Yes Yes -14.61% 26.69% 23.29% 27.77% 20.20% 15.42% p.a. 11.01% p.a.

Russell Balanced Fund RIM0001AU Yes Yes -12.79% 14.64% 15.92% 14.44% 14.85% 8.78% p.a. 5.42% p.a.

Russell Balanced Fund – Class C RIM0011AU Yes Yes -12.98% 14.44% 15.93% 14.18% 14.59% 8.60% p.a. 5.69% p.a.

Russell Conservative Fund – Class A RIM0002AU Yes Yes -3.57% 8.94% 8.90% 9.81% 8.05% 6.30% p.a. 5.37% p.a.

Russell Conservative Fund – Class C RIM0012AU No Yes -3.77% 8.76% 8.67% 9.53% 7.84% 6.08% p.a. 5.12% p.a.

Russell Diversified 50 Fund – Class A RIM0003AU Yes Yes -8.16% 11.44% 12.36% 12.16% 11.39% 7.52% p.a. 5.63% p.a.

Russell Diversified 50 Fund – Class C RIM0013AU No Yes -8.35% 11.25% 12.11% 11.92% 11.16% 7.30% p.a. 5.59% p.a.

Russell Global Opportunities Fund RIM0032AU Yes Yes -19.92% 7.60% 23.49% n/a n/a n/a 2.95% p.a.

Russell Growth Fund – Class A RIM0004AU Yes Yes -16.49% 18.40% 19.80% 16.27% 18.64% 10.32% p.a. 5.14% p.a.

Russell Growth Fund – Class C RIM0014AU Yes Yes -16.65% 18.24% 19.66% 15.95% 18.35% 10.11% p.a. 5.94% p.a.

Russell High Growth Fund Class C RIM0030AU Yes Yes -18.53% 20.94% 20.88% n/a n/a n/a 8.30% p.a.

Russell Int Sh Fd $A Hedged – Class C RIM0017AU No Yes -16.20% 20.69% 18.09% 12.71% 23.01% 10.61% p.a. 6.07% p.a.

Russell Inter Shares (Hedged) – Class A RIM0009AU Yes Yes -16.12% 20.77% 18.27% 12.96% 23.12% 10.75% p.a. 3.78% p.a.

Russell Inter Shares Fund – Class A RIM0008AU Yes Yes -22.39% 6.08% 20.90% 0.30% 19.09% 3.52% p.a. -0.44% p.a.

Russell International Property Hedged RIM0031AU Yes Yes -20.45% 17.76% 25.23% n/a n/a n/a 7.22% p.a.

Russell International Shared Fd -Class C RIM0016AU No Yes -22.49% 5.88% 20.67% 0.00% 18.96% 3.33% p.a. -3.05% p.a.

Sandhurst IML Industrial Share Fund STL0101AU Yes Yes -24.10% 27.20% 9.75% 18.47% 17.92% 8.20% p.a. 10.00% p.a.

Schroder Australian Equity Fund SCH0002AU No Yes -17.13% 27.49% 27.02% 26.94% 24.49% 14.94% p.a. 13.13% p.a.

Schroder Balanced Fund SCH0102AU Yes Yes -8.93% 16.83% 15.97% 14.56% 14.82% 9.65% p.a. 8.62% p.a.

Schroder Fixed Income Fund SCH0028AU Yes Yes 4.26% 5.01% 3.88% 8.14% n/a n/a 5.40% p.a.

Schroder Gbl Active Value Fund (Hedged) SCH0032AU Yes Yes -21.02% 30.60% n/a n/a n/a n/a 6.04% p.a.

Schroder Global Emerging Markets Fund SCH0034AU Yes Yes -5.68% n/a n/a n/a n/a n/a 3.78% p.a.

Schroder Hybrid Securities Fund SCH0103AU Yes Yes -2.21% 6.58% 6.09% 6.71% 6.91% 4.82% p.a. 5.87% p.a.

Schroder Wsale Australian Equity Fund SCH0101AU Yes Yes -17.44% 27.17% 26.71% 26.62% 24.13% 14.59% p.a. 11.85% p.a.

Select Alternatives Portfolio SLT0005AU Yes Yes 5.28% 12.53% 17.74% 11.61% n/a n/a 9.89% p.a.

Select Defensive Portfolio SLT0001AU Yes Yes 0.75% 13.24% 14.64% 9.81% 10.43% 9.66% p.a. 9.80% p.a.

Select Gold Fund SLT0006AU Yes Yes -14.42% 0.91% 85.59% 5.42% n/a n/a 8.97% p.a.

Select Gottex Enhanced Market Neutral Fund SLT0003AU No Yes -6.07% 15.21% 9.50% 7.50% 11.36% 7.24% p.a. 8.38% p.a.

Select Gottex Market Neutral Fund SLT0004AU No Yes 1.20% 11.13% 8.37% 7.16% 8.97% 7.31% p.a. 8.07% p.a.

Select Growth Portfolio SLT0002AU Yes Yes -4.68% 15.61% 20.39% 10.61% 18.09% 11.62% p.a. 11.76% p.a.

Select Private Equity Fund SLT0008AU Yes Yes -19.26% n/a n/a n/a n/a n/a -3.91% p.a.

Series 10 OM IP 220 Limited MAN0021CK No Yes 21.60% 14.70% 14.01% n/a n/a n/a 16.90% p.a.

Series 11 OM-IP 220 Limited MAN0025CK No Yes 20.90% 13.50% n/a n/a n/a n/a 10.40% p.a.

SGH IC2E ETL0062AU Yes Yes -33.28% 55.72% n/a n/a n/a n/a 3.20% p.a.

SGH20 ETL0042AU Yes Yes 10.65% 47.12% 19.08% n/a n/a n/a 27.70% p.a.

Smallco Investment Fund ASC0001AU Yes Yes -46.02% 37.99% 35.50% 39.30% 53.20% 16.69% p.a. 11.23% p.a.

Spectrum Wholesale Enhanced Income Fund SAM0001AU Yes Yes -4.74% 7.61% 4.82% 6.11% 7.38% n/a 4.57% p.a.

SSgA Australian Equities Index Trust SST0004AU Yes Yes -13.37% 28.44% 23.58% 26.13% 21.56% 16.09% p.a. 10.82% p.a.

SSgA Australian Fixed Income Index Trust SST0005AU Yes Yes 3.91% 3.96% 3.41% 7.85% 2.27% 4.26% p.a. 5.40% p.a.

SSgA Australian Listed Prop Index Trust SST0007AU Yes Yes -35.88% 25.52% 17.79% 18.08% 17.24% 5.59% p.a. 7.52% p.a.

SSgA International Equities Index Trust SST0013AU Yes Yes -21.17% 7.62% 19.92% -0.03% 19.41% 3.96% p.a. 1.74% p.a.

SSgA Intl Equities Index Hedged Trust SST0022AU Yes Yes -13.89% 23.19% 17.26% 12.94% 23.91% 11.73% p.a. 13.99% p.a.

Suncorp Wholesale Australian Equities Fund SUN0114AU Yes Yes -21.32% 28.31% 25.41% 29.29% n/a n/a n/a

Suncorp Wholesale Australian Fixed Interest Fund SUN0112AU Yes Yes -2.27% 3.76% 3.18% 7.67% n/a n/a n/a

Suncorp Wholesale Balanced Fund SUN0147AU Yes Yes -13.27% 12.75% 12.17% 13.47% n/a n/a n/a

Suncorp Wholesale Conservative Fund SUN0111AU Yes Yes -8.82% 10.45% 9.43% 4.00% n/a n/a n/a

Suncorp Wholesale Growth Fund SUN0113AU Yes Yes -17.88% 17.89% 17.80% 16.78% n/a n/a n/a

Suncorp Wholesale Imputation Fund SUN0118AU Yes Yes -20.60% 28.68% 27.52% 32.22% n/a n/a n/a

Suncorp Wholesale Property Securities Fund SUN0116AU Yes Yes -43.79% 26.14% 21.08% 18.44% n/a n/a n/a

Suncorp Wsale International Equities Fund SUN0115AU Yes Yes -19.18% 6.25% 14.29% -1.75% n/a n/a n/a

T.Rowe Price Global Equity Fund ETL0071AU Yes Yes -14.41% n/a n/a n/a n/a n/a -4.12% p.a.

TAAM New Asia Fund TGP0006AU Yes Yes -21.58% 36.87% n/a n/a n/a n/a 7.70% p.a.

Tankstream Property Investment Fund TNK0001AU Yes Yes n/a n/a n/a n/a n/a n/a n/a

Templeton Global Equity Fund FRT0004AU Yes Yes -26.11% 11.57% 20.75% n/a n/a n/a -0.13% p.a.

Tyndall Australian Share Wholesale Portfolio TYN0028AU Yes Yes -12.11% 26.29% 17.60% 29.51% 22.91% 15.75% p.a. 13.29% p.a.

UBS Australian Bond Fund SBC0813AU Yes Yes 3.69% 3.44% 3.48% 7.53% 2.42% 4.09% p.a. 8.98% p.a.


23


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)



RREEF Global Property Securities Fund MGL0011AU Yes Yes -23.06% 23.31% 27.93% n/a n/a n/a 11.53% p.a.

RREEF Paladin Property Securities Fund PAL0002AU Yes Yes -41.76% 28.40% 20.94% 19.51% 16.41% 4.70% p.a. 10.02% p.a.

Rubicon M & A Fund Class B Units RCP0007AU No Yes n/a 11.80% 9.00% 25.10% 10.00% n/a 12.10% p.a.

Rubicon M&A Fund Class O Units RCP0001AU No Yes n/a 11.40% 8.10% 23.90% 8.30% n/a 12.10% p.a.

Russell Australian Opportunities Fund RIM0029AU Yes Yes -18.14% 27.41% 24.07% 26.97% n/a n/a 13.66% p.a.

Russell Australian Select Holdings Fund RIM0035AU Yes Yes -14.82% n/a n/a n/a n/a n/a -0.26% p.a.

Russell Australian Shares Fund – Class C RIM0015AU Yes Yes -14.77% 26.54% 23.03% 27.53% 19.93% 15.21% p.a. 10.62% p.a.

Russell Australian Shares Fund Class – A RIM0006AU Yes Yes -14.61% 26.69% 23.29% 27.77% 20.20% 15.42% p.a. 11.01% p.a.

Russell Balanced Fund RIM0001AU Yes Yes -12.79% 14.64% 15.92% 14.44% 14.85% 8.78% p.a. 5.42% p.a.

Russell Balanced Fund – Class C RIM0011AU Yes Yes -12.98% 14.44% 15.93% 14.18% 14.59% 8.60% p.a. 5.69% p.a.

Russell Conservative Fund – Class A RIM0002AU Yes Yes -3.57% 8.94% 8.90% 9.81% 8.05% 6.30% p.a. 5.37% p.a.

Russell Conservative Fund – Class C RIM0012AU No Yes -3.77% 8.76% 8.67% 9.53% 7.84% 6.08% p.a. 5.12% p.a.

Russell Diversified 50 Fund – Class A RIM0003AU Yes Yes -8.16% 11.44% 12.36% 12.16% 11.39% 7.52% p.a. 5.63% p.a.

Russell Diversified 50 Fund – Class C RIM0013AU No Yes -8.35% 11.25% 12.11% 11.92% 11.16% 7.30% p.a. 5.59% p.a.

Russell Global Opportunities Fund RIM0032AU Yes Yes -19.92% 7.60% 23.49% n/a n/a n/a 2.95% p.a.

Russell Growth Fund – Class A RIM0004AU Yes Yes -16.49% 18.40% 19.80% 16.27% 18.64% 10.32% p.a. 5.14% p.a.

Russell Growth Fund – Class C RIM0014AU Yes Yes -16.65% 18.24% 19.66% 15.95% 18.35% 10.11% p.a. 5.94% p.a.

Russell High Growth Fund Class C RIM0030AU Yes Yes -18.53% 20.94% 20.88% n/a n/a n/a 8.30% p.a.

Russell Int Sh Fd $A Hedged – Class C RIM0017AU No Yes -16.20% 20.69% 18.09% 12.71% 23.01% 10.61% p.a. 6.07% p.a.

Russell Inter Shares (Hedged) – Class A RIM0009AU Yes Yes -16.12% 20.77% 18.27% 12.96% 23.12% 10.75% p.a. 3.78% p.a.

Russell Inter Shares Fund – Class A RIM0008AU Yes Yes -22.39% 6.08% 20.90% 0.30% 19.09% 3.52% p.a. -0.44% p.a.

Russell International Property Hedged RIM0031AU Yes Yes -20.45% 17.76% 25.23% n/a n/a n/a 7.22% p.a.

Russell International Shared Fd -Class C RIM0016AU No Yes -22.49% 5.88% 20.67% 0.00% 18.96% 3.33% p.a. -3.05% p.a.

Sandhurst IML Industrial Share Fund STL0101AU Yes Yes -24.10% 27.20% 9.75% 18.47% 17.92% 8.20% p.a. 10.00% p.a.

Schroder Australian Equity Fund SCH0002AU No Yes -17.13% 27.49% 27.02% 26.94% 24.49% 14.94% p.a. 13.13% p.a.

Schroder Balanced Fund SCH0102AU Yes Yes -8.93% 16.83% 15.97% 14.56% 14.82% 9.65% p.a. 8.62% p.a.

Schroder Fixed Income Fund SCH0028AU Yes Yes 4.26% 5.01% 3.88% 8.14% n/a n/a 5.40% p.a.

Schroder Gbl Active Value Fund (Hedged) SCH0032AU Yes Yes -21.02% 30.60% n/a n/a n/a n/a 6.04% p.a.

Schroder Global Emerging Markets Fund SCH0034AU Yes Yes -5.68% n/a n/a n/a n/a n/a 3.78% p.a.

Schroder Hybrid Securities Fund SCH0103AU Yes Yes -2.21% 6.58% 6.09% 6.71% 6.91% 4.82% p.a. 5.87% p.a.

Schroder Wsale Australian Equity Fund SCH0101AU Yes Yes -17.44% 27.17% 26.71% 26.62% 24.13% 14.59% p.a. 11.85% p.a.

Select Alternatives Portfolio SLT0005AU Yes Yes 5.28% 12.53% 17.74% 11.61% n/a n/a 9.89% p.a.

Select Defensive Portfolio SLT0001AU Yes Yes 0.75% 13.24% 14.64% 9.81% 10.43% 9.66% p.a. 9.80% p.a.

Select Gold Fund SLT0006AU Yes Yes -14.42% 0.91% 85.59% 5.42% n/a n/a 8.97% p.a.

Select Gottex Enhanced Market Neutral Fund SLT0003AU No Yes -6.07% 15.21% 9.50% 7.50% 11.36% 7.24% p.a. 8.38% p.a.

Select Gottex Market Neutral Fund SLT0004AU No Yes 1.20% 11.13% 8.37% 7.16% 8.97% 7.31% p.a. 8.07% p.a.

Select Growth Portfolio SLT0002AU Yes Yes -4.68% 15.61% 20.39% 10.61% 18.09% 11.62% p.a. 11.76% p.a.

Select Private Equity Fund SLT0008AU Yes Yes -19.26% n/a n/a n/a n/a n/a -3.91% p.a.

Series 10 OM IP 220 Limited MAN0021CK No Yes 21.60% 14.70% 14.01% n/a n/a n/a 16.90% p.a.

Series 11 OM-IP 220 Limited MAN0025CK No Yes 20.90% 13.50% n/a n/a n/a n/a 10.40% p.a.

SGH IC2E ETL0062AU Yes Yes -33.28% 55.72% n/a n/a n/a n/a 3.20% p.a.

SGH20 ETL0042AU Yes Yes 10.65% 47.12% 19.08% n/a n/a n/a 27.70% p.a.

Smallco Investment Fund ASC0001AU Yes Yes -46.02% 37.99% 35.50% 39.30% 53.20% 16.69% p.a. 11.23% p.a.

Spectrum Wholesale Enhanced Income Fund SAM0001AU Yes Yes -4.74% 7.61% 4.82% 6.11% 7.38% n/a 4.57% p.a.

SSgA Australian Equities Index Trust SST0004AU Yes Yes -13.37% 28.44% 23.58% 26.13% 21.56% 16.09% p.a. 10.82% p.a.

SSgA Australian Fixed Income Index Trust SST0005AU Yes Yes 3.91% 3.96% 3.41% 7.85% 2.27% 4.26% p.a. 5.40% p.a.

SSgA Australian Listed Prop Index Trust SST0007AU Yes Yes -35.88% 25.52% 17.79% 18.08% 17.24% 5.59% p.a. 7.52% p.a.

SSgA International Equities Index Trust SST0013AU Yes Yes -21.17% 7.62% 19.92% -0.03% 19.41% 3.96% p.a. 1.74% p.a.

SSgA Intl Equities Index Hedged Trust SST0022AU Yes Yes -13.89% 23.19% 17.26% 12.94% 23.91% 11.73% p.a. 13.99% p.a.

Suncorp Wholesale Australian Equities Fund SUN0114AU Yes Yes -21.32% 28.31% 25.41% 29.29% n/a n/a n/a

Suncorp Wholesale Australian Fixed Interest Fund SUN0112AU Yes Yes -2.27% 3.76% 3.18% 7.67% n/a n/a n/a

Suncorp Wholesale Balanced Fund SUN0147AU Yes Yes -13.27% 12.75% 12.17% 13.47% n/a n/a n/a

Suncorp Wholesale Conservative Fund SUN0111AU Yes Yes -8.82% 10.45% 9.43% 4.00% n/a n/a n/a

Suncorp Wholesale Growth Fund SUN0113AU Yes Yes -17.88% 17.89% 17.80% 16.78% n/a n/a n/a

Suncorp Wholesale Imputation Fund SUN0118AU Yes Yes -20.60% 28.68% 27.52% 32.22% n/a n/a n/a

Suncorp Wholesale Property Securities Fund SUN0116AU Yes Yes -43.79% 26.14% 21.08% 18.44% n/a n/a n/a

Suncorp Wsale International Equities Fund SUN0115AU Yes Yes -19.18% 6.25% 14.29% -1.75% n/a n/a n/a

T.Rowe Price Global Equity Fund ETL0071AU Yes Yes -14.41% n/a n/a n/a n/a n/a -4.12% p.a.

TAAM New Asia Fund TGP0006AU Yes Yes -21.58% 36.87% n/a n/a n/a n/a 7.70% p.a.

Tankstream Property Investment Fund TNK0001AU Yes Yes n/a n/a n/a n/a n/a n/a n/a

Templeton Global Equity Fund FRT0004AU Yes Yes -26.11% 11.57% 20.75% n/a n/a n/a -0.13% p.a.

Tyndall Australian Share Wholesale Portfolio TYN0028AU Yes Yes -12.11% 26.29% 17.60% 29.51% 22.91% 15.75% p.a. 13.29% p.a.

UBS Australian Bond Fund SBC0813AU Yes Yes 3.69% 3.44% 3.48% 7.53% 2.42% 4.09% p.a. 8.98% p.a.

24


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)



UBS Australian Equity Income Fund UBS0007AU Yes Yes -9.93% 25.76% n/a n/a n/a n/a 5.02% p.a.

UBS Australian Share Fund SBC0817AU Yes Yes -15.25% 28.77% 23.35% 26.04% 20.65% 15.39% p.a. 12.88% p.a.

UBS Balanced Investment Fund SBC0815AU Yes Yes -13.44% 11.66% 14.46% 14.48% 13.93% 7.60% p.a. 9.14% p.a.

UBS Cash Fund SBC0811AU Yes Yes 7.13% 6.20% 5.53% 5.40% 5.10% 5.86% p.a. 6.90% p.a.

UBS Cash Plus Fund SBC0812AU Yes Yes 5.50% 6.23% 5.74% 5.66% 5.34% 5.69% p.a. 5.77% p.a.

UBS Credit Enhanced Cash Fund UBS0102AU Yes Yes -0.55% 6.36% 5.97% 5.91% 5.73% 4.65% p.a. 4.93% p.a.

UBS Defensive Investment Fund SBC0814AU Yes Yes -5.46% 7.46% 9.24% 10.07% 8.66% 5.82% p.a. 7.61% p.a.

UBS Diversified Fixed Income Fund SBC0007AU Yes Yes 0.13% 4.18% 3.18% 8.38% 3.83% 3.90% p.a. 5.77% p.a.

UBS Emerging Companies Fund UBS0004AU Yes Yes -7.35% 37.64% 27.65% 29.31% n/a n/a 20.42% p.a.

UBS Global Infrastructure Sec Fund UBS0011AU Yes Yes -15.99% 18.23% n/a n/a n/a n/a 0.35% p.a.

UBS Global Property Securities Fund UBS0008AU Yes Yes -34.96% 8.07% n/a n/a n/a n/a -5.53% p.a.

UBS Hybrid Income Fund UBS0003AU Yes Yes -7.49% 5.92% 5.67% 6.45% 6.16% 3.19% p.a. 4.67% p.a.

UBS Intl Bond Fund SBC0819AU Yes Yes -7.49% 5.10% 1.55% 9.68% 4.22% 3.19% p.a. 4.67% p.a.

UBS Intl Share Fund SBC0822AU Yes Yes -23.61% 3.93% 14.94% 1.05% 14.88% 1.16% p.a. 4.35% p.a.

UBS Property Securities Fund SBC0816AU Yes Yes -48.83% 29.09% 18.10% 24.53% 17.85% 2.74% p.a. 9.51% p.a.

Valuestream Australian Equity Fund TAM0001AU No Yes -16.01% 32.17% n/a n/a n/a n/a 5.70% p.a.

van Eyk Blueprint Alternatives Fund MAQ0406AU Yes Yes 0.00% 14.44% 0.00% 0.00% 0.00% 0.00% p.a. 0.00% p.a.

van Eyk Blueprint Australian Shares Fund MAQ0289AU Yes Yes -15.37% 27.14% 23.30% 26.65% 19.75% 14.99% p.a. 15.87% p.a.

van Eyk Blueprint Balanced Fund MAQ0290AU Yes Yes -10.83% 13.20% 17.50% 13.09% 15.38% 9.12% p.a. 9.62% p.a.

van Eyk Blueprint Capital Stable Fund MAQ0291AU Yes Yes -2.11% 8.32% 10.33% 10.02% 8.82% 6.96% p.a. 7.34% p.a.

van Eyk Blueprint High Growth Fund MAQ0292AU Yes Yes -16.60% 15.69% 22.79% 13.98% 19.18% 9.98% p.a. 10.58% p.a.

van Eyk Blueprint Intl Shares MAQ0293AU Yes Yes -18.29% 6.47% 21.82% 0.32% 19.02% 4.82% p.a. 5.07% p.a.

Vanguard Aus Shares High Yield Fund VAN0104AU Yes Yes -14.03% 29.92% 18.96% 24.19% 21.01% 14.83% p.a. 10.10% p.a.

Vanguard Australian Fixed Int Index Fund VAN0001AU Yes Yes 4.05% 3.78% 3.32% 7.64% 2.25% 4.19% p.a. 5.90% p.a.

Vanguard Australian Share Index Fund VAN0002AU Yes Yes -13.96% 28.79% 23.75% 25.90% 21.25% 15.92% p.a. 10.06% p.a.

Vanguard Balanced Index Fund VAN0108AU Yes Yes -6.00% 12.81% 12.81% 11.97% 11.96% 8.44% p.a. 7.93% p.a.

Vanguard Cash Reserve Fund VAN0020AU Yes Yes n/a n/a n/a n/a n/a n/a 4.91% p.a.

Vanguard Conservative Index Fund VAN0109AU Yes Yes -1.08% 10.06% 9.29% 9.83% 8.89% 7.31% p.a. 7.05% p.a.

Vanguard Emerg Market Shares Index Fund VAN0005AU Yes Yes -7.57% 26.33% 39.16% 22.68% 28.42% 20.68% p.a. 8.46% p.a.

Vanguard Growth Index Fund VAN0110AU Yes Yes -10.62% 16.01% 16.44% 14.28% 15.25% 9.72% p.a. 8.89% p.a.

Vanguard High Growth Index Fund VAN0111AU Yes Yes -15.08% 19.35% 20.77% 15.68% 18.58% 10.92% p.a. 9.68% p.a.

Vanguard Int Prop Sec Index Hedged Fund VAN0019AU Yes Yes -20.18% 17.66% n/a n/a n/a n/a 3.27% p.a.

Vanguard Int Prop Sec Index Unhedged VAN0018AU Yes Yes -28.45% 3.13% n/a n/a n/a n/a -4.37% p.a.

Vanguard Intl Fixed Int Index (Hedged) VAN0103AU Yes Yes 8.22% 4.92% 0.85% 11.82% 3.33% 5.76% p.a. 6.83% p.a.

Vanguard Intl Share Index Fund VAN0003AU Yes Yes -21.24% 7.59% 20.05% -0.05% 19.36% 3.95% p.a. 3.26% p.a.

Vanguard Intl Share Index Fund (Hedged) VAN0105AU Yes Yes -13.84% 23.31% 17.51% 13.08% 24.13% 11.87% p.a. 1.58% p.a.

Vanguard Property Securities Index Fund VAN0004AU Yes Yes -37.82% 25.97% 17.73% 18.44% 17.16% 5.05% p.a. 7.52% p.a.

Ventura Diversified 50 Fund RIM0019AU No Yes -8.60% 11.15% 11.64% 11.50% 11.14% 7.04% p.a. 5.62% p.a.

Ventura Growth 70 Fund RIM0020AU No Yes -12.65% 14.24% 15.27% 13.64% 14.61% 8.42% p.a. 5.86% p.a.

Walter Scott Global Equity Fund MAQ0410AU Yes Yes -13.30% 1.30% 25.20% n/a n/a n/a 3.40% p.a.

Walter Scott Global Equity Fund (hedged) MAQ0557AU Yes Yes n/a n/a n/a n/a n/a n/a 5.70% p.a.

Winton Global Alpha Fund MAQ0482AU No Yes 27.20% n/a n/a n/a n/a n/a 28.50% p.a.

Zurich Invest Aust Prop Securities Fund ZUR0064AU Yes Yes -38.06% 25.79% 16.94% 17.56% 15.09% 4.27% p.a. 8.56% p.a.

Zurich Invest Aust Value Share Fund ZUR0060AU Yes Yes -19.97% 28.27% 20.10% 21.88% 14.10% 11.38% p.a. 8.76% p.a.

Zurich Invest Equity Income Fund ZUR0538AU Yes Yes -8.37% n/a n/a n/a n/a n/a 2.80% p.a.

Zurich Invest Global Small Co Share Fund ZUR0240AU Yes Yes -24.16% 9.97% 22.77% 12.35% 28.68% 8.16% p.a. -0.04% p.a.

Zurich Invest Global Thematic Share Fund ZUR0061AU Yes Yes -10.57% 8.40% 29.36% 4.57% 19.94% 9.48% p.a. 4.91% p.a.

Zurich Invest Managed Growth Fund ZUR0059AU Yes Yes -9.85% 14.13% 18.95% 14.10% 13.34% 9.62% p.a. 8.34% p.a.

Zurich Invest Unhedged Gbl Thematic Sh ZUR0518AU Yes Yes -10.94% 8.44% n/a n/a n/a n/a 5.31% 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.

25


Accumulator


Pension Manager

12 months to 30/6/08 (%)

12 months to 30/6/07 (%)

12 months to 30/6/06 (%)

12 months to 30/6/05 (%)

12 months to 30/6/04 (%)



UBS Australian Equity Income Fund UBS0007AU Yes Yes -9.93% 25.76% n/a n/a n/a n/a 5.02% p.a.

UBS Australian Share Fund SBC0817AU Yes Yes -15.25% 28.77% 23.35% 26.04% 20.65% 15.39% p.a. 12.88% p.a.

UBS Balanced Investment Fund SBC0815AU Yes Yes -13.44% 11.66% 14.46% 14.48% 13.93% 7.60% p.a. 9.14% p.a.

UBS Cash Fund SBC0811AU Yes Yes 7.13% 6.20% 5.53% 5.40% 5.10% 5.86% p.a. 6.90% p.a.

UBS Cash Plus Fund SBC0812AU Yes Yes 5.50% 6.23% 5.74% 5.66% 5.34% 5.69% p.a. 5.77% p.a.

UBS Credit Enhanced Cash Fund UBS0102AU Yes Yes -0.55% 6.36% 5.97% 5.91% 5.73% 4.65% p.a. 4.93% p.a.

UBS Defensive Investment Fund SBC0814AU Yes Yes -5.46% 7.46% 9.24% 10.07% 8.66% 5.82% p.a. 7.61% p.a.

UBS Diversified Fixed Income Fund SBC0007AU Yes Yes 0.13% 4.18% 3.18% 8.38% 3.83% 3.90% p.a. 5.77% p.a.

UBS Emerging Companies Fund UBS0004AU Yes Yes -7.35% 37.64% 27.65% 29.31% n/a n/a 20.42% p.a.

UBS Global Infrastructure Sec Fund UBS0011AU Yes Yes -15.99% 18.23% n/a n/a n/a n/a 0.35% p.a.

UBS Global Property Securities Fund UBS0008AU Yes Yes -34.96% 8.07% n/a n/a n/a n/a -5.53% p.a.

UBS Hybrid Income Fund UBS0003AU Yes Yes -7.49% 5.92% 5.67% 6.45% 6.16% 3.19% p.a. 4.67% p.a.

UBS Intl Bond Fund SBC0819AU Yes Yes -7.49% 5.10% 1.55% 9.68% 4.22% 3.19% p.a. 4.67% p.a.

UBS Intl Share Fund SBC0822AU Yes Yes -23.61% 3.93% 14.94% 1.05% 14.88% 1.16% p.a. 4.35% p.a.

UBS Property Securities Fund SBC0816AU Yes Yes -48.83% 29.09% 18.10% 24.53% 17.85% 2.74% p.a. 9.51% p.a.

Valuestream Australian Equity Fund TAM0001AU No Yes -16.01% 32.17% n/a n/a n/a n/a 5.70% p.a.

van Eyk Blueprint Alternatives Fund MAQ0406AU Yes Yes 0.00% 14.44% 0.00% 0.00% 0.00% 0.00% p.a. 0.00% p.a.

van Eyk Blueprint Australian Shares Fund MAQ0289AU Yes Yes -15.37% 27.14% 23.30% 26.65% 19.75% 14.99% p.a. 15.87% p.a.

van Eyk Blueprint Balanced Fund MAQ0290AU Yes Yes -10.83% 13.20% 17.50% 13.09% 15.38% 9.12% p.a. 9.62% p.a.

van Eyk Blueprint Capital Stable Fund MAQ0291AU Yes Yes -2.11% 8.32% 10.33% 10.02% 8.82% 6.96% p.a. 7.34% p.a.

van Eyk Blueprint High Growth Fund MAQ0292AU Yes Yes -16.60% 15.69% 22.79% 13.98% 19.18% 9.98% p.a. 10.58% p.a.

van Eyk Blueprint Intl Shares MAQ0293AU Yes Yes -18.29% 6.47% 21.82% 0.32% 19.02% 4.82% p.a. 5.07% p.a.

Vanguard Aus Shares High Yield Fund VAN0104AU Yes Yes -14.03% 29.92% 18.96% 24.19% 21.01% 14.83% p.a. 10.10% p.a.

Vanguard Australian Fixed Int Index Fund VAN0001AU Yes Yes 4.05% 3.78% 3.32% 7.64% 2.25% 4.19% p.a. 5.90% p.a.

Vanguard Australian Share Index Fund VAN0002AU Yes Yes -13.96% 28.79% 23.75% 25.90% 21.25% 15.92% p.a. 10.06% p.a.

Vanguard Balanced Index Fund VAN0108AU Yes Yes -6.00% 12.81% 12.81% 11.97% 11.96% 8.44% p.a. 7.93% p.a.

Vanguard Cash Reserve Fund VAN0020AU Yes Yes n/a n/a n/a n/a n/a n/a 4.91% p.a.

Vanguard Conservative Index Fund VAN0109AU Yes Yes -1.08% 10.06% 9.29% 9.83% 8.89% 7.31% p.a. 7.05% p.a.

Vanguard Emerg Market Shares Index Fund VAN0005AU Yes Yes -7.57% 26.33% 39.16% 22.68% 28.42% 20.68% p.a. 8.46% p.a.

Vanguard Growth Index Fund VAN0110AU Yes Yes -10.62% 16.01% 16.44% 14.28% 15.25% 9.72% p.a. 8.89% p.a.

Vanguard High Growth Index Fund VAN0111AU Yes Yes -15.08% 19.35% 20.77% 15.68% 18.58% 10.92% p.a. 9.68% p.a.

Vanguard Int Prop Sec Index Hedged Fund VAN0019AU Yes Yes -20.18% 17.66% n/a n/a n/a n/a 3.27% p.a.

Vanguard Int Prop Sec Index Unhedged VAN0018AU Yes Yes -28.45% 3.13% n/a n/a n/a n/a -4.37% p.a.

Vanguard Intl Fixed Int Index (Hedged) VAN0103AU Yes Yes 8.22% 4.92% 0.85% 11.82% 3.33% 5.76% p.a. 6.83% p.a.

Vanguard Intl Share Index Fund VAN0003AU Yes Yes -21.24% 7.59% 20.05% -0.05% 19.36% 3.95% p.a. 3.26% p.a.

Vanguard Intl Share Index Fund (Hedged) VAN0105AU Yes Yes -13.84% 23.31% 17.51% 13.08% 24.13% 11.87% p.a. 1.58% p.a.

Vanguard Property Securities Index Fund VAN0004AU Yes Yes -37.82% 25.97% 17.73% 18.44% 17.16% 5.05% p.a. 7.52% p.a.

Ventura Diversified 50 Fund RIM0019AU No Yes -8.60% 11.15% 11.64% 11.50% 11.14% 7.04% p.a. 5.62% p.a.

Ventura Growth 70 Fund RIM0020AU No Yes -12.65% 14.24% 15.27% 13.64% 14.61% 8.42% p.a. 5.86% p.a.

Walter Scott Global Equity Fund MAQ0410AU Yes Yes -13.30% 1.30% 25.20% n/a n/a n/a 3.40% p.a.

Walter Scott Global Equity Fund (hedged) MAQ0557AU Yes Yes n/a n/a n/a n/a n/a n/a 5.70% p.a.

Winton Global Alpha Fund MAQ0482AU No Yes 27.20% n/a n/a n/a n/a n/a 28.50% p.a.

Zurich Invest Aust Prop Securities Fund ZUR0064AU Yes Yes -38.06% 25.79% 16.94% 17.56% 15.09% 4.27% p.a. 8.56% p.a.

Zurich Invest Aust Value Share Fund ZUR0060AU Yes Yes -19.97% 28.27% 20.10% 21.88% 14.10% 11.38% p.a. 8.76% p.a.

Zurich Invest Equity Income Fund ZUR0538AU Yes Yes -8.37% n/a n/a n/a n/a n/a 2.80% p.a.

Zurich Invest Global Small Co Share Fund ZUR0240AU Yes Yes -24.16% 9.97% 22.77% 12.35% 28.68% 8.16% p.a. -0.04% p.a.

Zurich Invest Global Thematic Share Fund ZUR0061AU Yes Yes -10.57% 8.40% 29.36% 4.57% 19.94% 9.48% p.a. 4.91% p.a.

Zurich Invest Managed Growth Fund ZUR0059AU Yes Yes -9.85% 14.13% 18.95% 14.10% 13.34% 9.62% p.a. 8.34% p.a.

Zurich Invest Unhedged Gbl Thematic Sh ZUR0518AU Yes Yes -10.94% 8.44% n/a n/a n/a n/a 5.31% p.a.

n/a – Performance information is unavailable

26

Asset allocation as at 30 June 2008

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 30/06/2008 0.52% 0.00% 0.00% 0.00% 3.83% 0.00% 0.00% 92.95% 0.00% 2.70%

30/06/2007 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

Abacus Hospitality Fund

ABA0005AU 30/06/2008 2.77% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 97.23% 0.00% 0.00%


Abacus Retirement Living Trust

ABACUSRET 30/06/2008 0.41% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 99.59% 0.00% 0.00%


Abacus Wodonga Land

ABACUSWOD 30/06/2008 1.27% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 96.43% 0.00% 2.30%


Abacus Wodonga Mortgage Fund

ABACUSMOR 30/06/2008 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%


Aberdeen Asian Opportunities Fund

EQI0028AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 5.80% 0.00% 0.00% 0.00% 0.00% 0.00% 94.20% 0.00% 0.00% 0.00%

Aberdeen Australian Bond Fund

MGL0103AU 30/06/2008 9.00% 79.00% 12.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 6.70% 93.30% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Aberdeen Australian Equities Fund

MGL0114AU 30/06/2008 17.20% 0.00% 0.00% 0.00% 0.00% 82.80% 0.00% 0.00% 0.00% 0.00%

30/06/2007 7.40% 0.00% 0.00% 0.00% 0.00% 92.60% 0.00% 0.00% 0.00% 0.00%

Aberdeen Australian Shares Fund

EQI0017AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 3.00% 0.00% 0.00% 0.00% 0.00% 97.00% 0.00% 0.00% 0.00% 0.00%

Aberdeen Australian Small Companies Fund

MGL0001AU 30/06/2008 11.17% 0.00% 0.00% 0.00% 0.00% 88.83% 0.00% 0.00% 0.00% 0.00%

30/06/2007 6.35% 0.00% 0.00% 0.00% 0.00% 93.65% 0.00% 0.00% 0.00% 0.00%

Aberdeen Cash Plus Fund

MGL0101AU 30/06/2008 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Aberdeen China Opportunities Fund

ETL0031AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 2.00% 0.00% 0.00% 0.00% 0.00% 0.00% 98.00% 0.00% 0.00% 0.00%

Aberdeen Emerging Opportunities Fund

ETL0032AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

Aberdeen Financials Fund

EQI0027AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.60% 0.00% 0.00% 0.00% 0.00% 97.40% 0.00% 0.00% 0.00% 0.00%

Aberdeen Intl Equity Fund

EQI0015AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

Absolute Capital Yield Strategies Fund

ABS0011AU 30/06/2008 0.00% 20.00% 50.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 30.00%

30/06/2007 0.00% 20.00% 50.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 30.00%

Acadian Aust Equity Long Short Fund

FSF0789AU 30/06/2008 2.43% 0.00% 0.00% 0.00% 0.00% 97.57% 0.00% 0.00% 0.00% 0.00%

30/06/2007 3.62% 0.00% 0.00% 0.00% 0.00% 96.38% 0.00% 0.00% 0.00% 0.00%

Acadian Wholesale Australian Equity Fund

FSF0787AU 30/06/2008 1.34% 0.00% 0.00% 0.00% 0.00% 98.66% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.87% 0.00% 0.00% 0.00% 0.00% 99.13% 0.00% 0.00% 0.00% 0.00%

Acadian Wsale Gbl Equity Long Short Fund

FSF0788AU 30/06/2008 0.67% 0.00% 0.00% 0.00% 0.00% 0.00% 98.41% 0.00% 0.00% 0.93%


Acorn Capital Wsale Microcap Trust

AUS0108AU 30/06/2008 11.14% 0.00% 0.00% 0.00% 0.00% 88.86% 0.00% 0.00% 0.00% 0.00%

30/06/2007 7.84% 0.00% 0.00% 0.00% 0.00% 92.16% 0.00% 0.00% 0.00% 0.00%

Advance Asian Equity Fund – Wholesale Units

ADV0083AU 30/06/2008 2.09% 0.00% 0.00% 0.00% 0.00% 0.00% 97.91% 0.00% 0.00% 0.00%

30/06/2007 1.70% 0.00% 0.00% 0.00% 0.00% 0.00% 98.30% 0.00% 0.00% 0.00%

Advance Aust Geared Equity Fund Wsale

ADV0078AU 30/06/2008 3.44% 0.00% 0.00% 0.00% 0.00% 96.56% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.50% 0.00% 0.00% 0.00% 0.00% 97.50% 0.00% 0.00% 0.00% 0.00%

27


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

Advance Aust Smaller Companies W/sale Fund

ADV0075AU 30/06/2008 4.78% 0.00% 0.00% 0.00% 0.00% 95.22% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.60% 0.00% 0.00% 0.00% 0.00% 98.40% 0.00% 0.00% 0.00% 0.00%

Advance Concentrated Aust Share W/sale Fund

ADV0115AU 30/06/2008 10.42% 0.00% 0.00% 0.00% 0.00% 89.58% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.80% 0.00% 0.00% 0.00% 0.00% 98.20% 0.00% 0.00% 0.00% 0.00%

Advance Global Alpha Fund

ADV0117AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

Advance Imputation Fund – Wsale Units

ADV0046AU 30/06/2008 7.91% 0.00% 0.00% 0.00% 0.00% 92.09% 0.00% 0.00% 0.00% 0.00%

30/06/2007 10.50% 0.00% 0.00% 0.00% 0.00% 89.50% 0.00% 0.00% 0.00% 0.00%

Advance Int Shares Multi-Blend W/sale Fund

ADV0053AU 30/06/2008 1.65% 0.00% 0.00% 0.00% 0.00% 0.00% 98.35% 0.00% 0.00% 0.00%

30/06/2007 1.90% 0.00% 0.00% 0.00% 0.00% 0.00% 98.10% 0.00% 0.00% 0.00%

Advance Intl Sharemarket Fund – Wsale

ADV0047AU 30/06/2008 2.40% 0.00% 0.00% 0.00% 0.00% 0.00% 97.60% 0.00% 0.00% 0.00%

30/06/2007 1.00% 0.00% 0.00% 0.00% 0.00% 0.00% 99.00% 0.00% 0.00% 0.00%

Advance Sharemarket Fund Wholesale

ADV0066AU 30/06/2008 3.67% 0.00% 0.00% 0.00% 0.00% 96.33% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.60% 0.00% 0.00% 0.00% 0.00% 97.40% 0.00% 0.00% 0.00% 0.00%

Advance Smaller Co Multi-Blended W/sale Fnd

ADV0096AU 30/06/2008 0.40% 0.00% 0.00% 0.00% 0.00% 99.60% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.00% 0.00% 0.00% 0.00% 0.00% 99.00% 0.00% 0.00% 0.00% 0.00%

All Star IAM Australian Share Fund

VEN0006AU 30/06/2008 1.00% 0.00% 0.00% 0.00% 0.00% 99.00% 0.00% 0.00% 0.00% 0.00%


All Star Income Fund VEN0007AU 30/06/2008 41.40% 0.00% 0.00% 0.00% 0.00% 15.90% 0.00% 0.00% 0.00% 42.70%


Alpha Strategic Fund – B Class units

TOL0055AU 30/06/2008 2.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 97.80% 0.00%


AMP Cap Structured High Yield Class A

AMP1014AU 30/06/2008 0.00% 27.08% 72.92% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 30.00% 70.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

AMP Capital Balanced Growth Trust – Class A Units

AMP0441AU 30/06/2008 9.18% 15.03% 4.59% 0.00% 7.25% 38.01% 22.86% 0.00% 0.00% 3.08%

30/06/2007 3.35% 14.07% 3.35% 0.00% 10.25% 41.47% 26.44% 0.00% 0.00% 1.06%

AMP Capital China Fund 2

AMP1009AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a


AMP Capital Conservative Fund Class A

AMP0443AU 30/06/2008 29.56% 27.03% 11.55% 0.00% 5.22% 15.60% 8.12% 0.00% 0.00% 2.94%

30/06/2007 23.68% 26.05% 10.84% 0.00% 8.40% 19.41% 10.51% 0.00% 0.00% 1.12%

AMP Capital Core Infrastructure Class A

AMP1179AU 30/06/2008 16.44% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 83.56%


AMP Capital Core Plus Strategies Fund

AMP0279AU 30/06/2008 -0.03% 80.89% 19.14% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.60% 79.50% 19.90% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

AMP Capital Enhanced Yield Fund – Class A

AMP0685AU 30/06/2008 0.00% 58.77% 41.23% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 18.02% 81.98% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

AMP Capital Equity Fund – Class A Units

AMP0370AU 30/06/2008 2.18% 0.00% 0.00% 0.00% 0.00% 97.82% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.73% 0.00% 0.00% 0.00% 0.00% 99.27% 0.00% 0.00% 0.00% 0.00%

AMP Capital Global Growth Opport Fund – Class A

AMP0369AU 30/06/2008 8.94% 0.00% 0.00% 0.00% 0.00% 0.00% 91.06% 0.00% 0.00% 0.00%

30/06/2007 6.01% 0.00% 0.00% 0.00% 0.00% 0.00% 93.99% 0.00% 0.00% 0.00%

AMP Capital Global Property Securities Fund Class A

AMP0974AU 30/06/2008 5.28% 0.00% 0.00% 0.00% 94.72% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 4.75% 0.00% 0.00% 0.00% 95.25% 0.00% 0.00% 0.00% 0.00% 0.00%

AMP Capital Global Technology Fund Class A

AMP0365AU 30/06/2008 2.57% 0.00% 0.00% 0.00% 0.00% 0.00% 97.43% 0.00% 0.00% 0.00%

30/06/2007 3.12% 0.00% 0.00% 0.00% 0.00% 0.00% 96.88% 0.00% 0.00% 0.00%

AMP Capital Intl Bond Fund Class A Units

AMP0254AU 30/06/2008 0.08% 0.00% 99.92% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.05% 0.00% 97.99% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.96%

AMP Capital Listed Property Fund – Ord Class

AMP0269AU 30/06/2008 2.23% 0.00% 0.00% 0.00% 89.96% 0.00% 0.00% 0.00% 0.00% 7.81%

30/06/2007 1.82% 0.00% 0.00% 0.00% 90.48% 0.00% 0.00% 0.00% 0.00% 7.70%

AMP Capital Listed Property Trusts – Class A

AMP0255AU 30/06/2008 2.23% 0.00% 0.00% 0.00% 89.96% 0.00% 0.00% 0.00% 0.00% 7.81%

30/06/2007 1.82% 0.00% 0.00% 0.00% 90.48% 0.00% 0.00% 0.00% 0.00% 7.70%

28

Asset allocation as at 30 June 2008 continuedInvestment name APIR As at Cash (%) Australian

fixed interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

AMP Capital Res Inv Lead Intl Sh-Class A

AMP0455AU 30/06/2008 2.17% 0.00% 0.00% 0.00% 0.00% 0.00% 97.83% 0.00% 0.00% 0.00%

30/06/2007 1.04% 0.00% 0.00% 0.00% 0.00% 0.00% 98.96% 0.00% 0.00% 0.00%

AMP Capital Small Companies Fund – Class A

AMP0446AU 30/06/2008 2.75% 0.00% 0.00% 0.00% 0.00% 97.25% 0.00% 0.00% 0.00% 0.00%

30/06/2007 3.71% 0.00% 0.00% 0.00% 0.00% 96.29% 0.00% 0.00% 0.00% 0.00%

AMP Capital Structured High Yield – Ord Class

WID2 30/06/2008 0.00% 27.08% 72.92% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 30.00% 70.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

AMP Capital Sustainable Future Aust Share Class A

AMP0449AU 30/06/2008 1.37% 0.00% 0.00% 0.00% 0.00% 98.63% 0.00% 0.00% 0.00% 0.00%

30/06/2007 4.78% 0.00% 0.00% 0.00% 0.00% 95.22% 0.00% 0.00% 0.00% 0.00%

AMP Capital Wholesale Australian Share Fund – Class A

AMP0258AU 30/06/2008 2.54% 0.00% 0.00% 0.00% 0.00% 97.46% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.68% 0.00% 0.00% 0.00% 0.00% 99.32% 0.00% 0.00% 0.00% 0.00%

AMP Core Property Fund (Class A)

AMP1015AU 30/06/2008 4.10% 0.00% 0.00% 0.00% 50.00% 0.00% 0.00% 45.90% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 53.20% 0.00% 0.00% 39.15% 0.00% 7.65%

AMP Responsible Investment Leaders Balanced Fund – Class A

AMP0452AU 30/06/2008 4.87% 18.78% 5.52% 0.00% 7.35% 37.54% 21.88% 4.07% 0.00% 0.00%

30/06/2007 6.94% 8.64% 4.63% 0.00% 9.29% 39.93% 20.97% 4.28% 0.00% 5.32%

Anatres Lodestar Absolute Return Trust – Australian Shares

ANT0001AU 30/06/2008 29.80% 0.00% 0.00% 0.00% -0.93% 74.19% 0.00% 0.00% 0.00% -3.06%

30/06/2007 47.33% 0.00% 0.00% 0.00% -1.26% 90.90% 0.00% 0.00% 0.00% -36.97%

ANZ Cash Plus Fund ANZ0150AU 30/06/2008 12.20% 87.80% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 27.80% 72.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

APN International Property for Income Fund

APN0003AU 30/06/2008 2.80% 0.00% 0.00% 0.00% 82.20% 0.00% 0.00% 15.00% 0.00% 0.00%

30/06/2007 5.40% 0.00% 0.00% 0.00% 83.40% 0.00% 0.00% 10.00% 0.00% 1.20%

APN Direct Property Fund

APN0005AU 30/06/2008 1.36% 0.00% 0.00% 0.00% 16.18% 0.00% 0.00% 82.46% 0.00% 0.00%

30/06/2007 2.35% 0.00% 0.00% 0.00% 26.46% 0.00% 0.00% 71.19% 0.00% 0.00%

APN Diversified Property Fund

APN0006AU 30/06/2008 1.30% 0.00% 0.00% 0.00% 38.83% 0.00% 0.00% 59.87% 0.00% 0.00%

30/06/2007 3.23% 0.00% 0.00% 0.00% 46.95% 0.00% 0.00% 49.82% 0.00% 0.00%

APN National Storage Property Trust

APN0002AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00%

APN Property For Income Fund

APN0001AU 30/06/2008 3.35% 0.00% 0.00% 0.00% 69.94% 0.00% 0.00% 26.71% 0.00% 0.00%

30/06/2007 6.33% 0.00% 0.00% 0.00% 77.71% 0.00% 0.00% 15.96% 0.00% 0.00%

APN Property for Income Fund No 2

APN0004AU 30/06/2008 4.61% 0.00% 0.00% 0.00% 72.40% 0.00% 0.00% 22.99% 0.00% 0.00%

30/06/2007 3.73% 0.00% 0.00% 0.00% 81.92% 0.00% 0.00% 14.35% 0.00% 0.00%

Arrowstreet Emerging Markets Fund

MAQ0477AU 30/06/2008 1.90% 0.00% 0.00% 0.00% 0.00% 0.00% 98.10% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Arrowstreet Global Equity Fund

MAQ0464AU 30/06/2008 6.40% 0.00% 0.00% 0.00% 0.00% 0.00% 93.60% 0.00% 0.00% 0.00%

30/06/2007 6.38% 0.00% 0.00% 0.00% 0.00% 0.00% 93.62% 0.00% 0.00% 0.00%

Arrowstreet Global Equity Fund (Hedged)

MAQ0079AU 30/06/2008 6.40% 0.00% 0.00% 0.00% 0.00% 0.00% 93.60% 0.00% 0.00% 0.00%

30/06/2007 6.38% 0.00% 0.00% 0.00% 0.00% 0.00% 93.62% 0.00% 0.00% 0.00%

ArteFact Partners Global L/S Equity Fd 1

PER0362AU 30/06/2008 74.00% 0.00% 0.00% 0.00% 0.00% 0.00% 26.00% 0.00% 0.00% 0.00%

30/06/2007 34.00% 0.00% 0.00% 0.00% 0.00% 0.00% 44.70% 0.00% 0.00% 21.30%

Artefact Partners Global L/S Equity Fd 2

PER0363AU 30/06/2008 74.00% 0.00% 0.00% 0.00% 0.00% 0.00% 26.00% 0.00% 0.00% 0.00%

30/06/2007 34.00% 0.00% 0.00% 0.00% 0.00% 0.00% 44.70% 0.00% 0.00% 21.30%


PER0396AU 30/06/2008 74.00% 0.00% 0.00% 0.00% 0.00% 0.00% 26.00% 0.00% 0.00% 0.00%

30/06/2007 34.00% 0.00% 0.00% 0.00% 0.00% 0.00% 44.70% 0.00% 0.00% 21.30%


PER0435AU 30/06/2008 74.00% 0.00% 0.00% 0.00% 0.00% 0.00% 26.00% 0.00% 0.00% 0.00%

30/06/2007 34.00% 0.00% 0.00% 0.00% 0.00% 0.00% 44.70% 0.00% 0.00% 21.30%

Augustus Absolute Return Fund (AU)

AFM0002AU 30/06/2008 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Ausbil Aust Geared Equity Fund

AAP0002AU 30/06/2008 2.29% 0.00% 0.00% 0.00% 0.00% 97.71% 0.00% 0.00% 0.00% 0.00%


Ausbil Inv Trust Aust Active Equity Fund

AAP0103AU 30/06/2008 2.29% 0.00% 0.00% 0.00% 0.00% 97.71% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.15% 0.00% 0.00% 0.00% 0.00% 98.85% 0.00% 0.00% 0.00% 0.00%

29


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

Ausbil Inv Trust Aust Emerging Leaders

AAP0104AU 30/06/2008 2.51% 0.00% 0.00% 0.00% 0.00% 97.49% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.56% 0.00% 0.00% 0.00% 0.00% 97.44% 0.00% 0.00% 0.00% 0.00%

Aust Unity W/s High Yield Mortgage Trst

AUS0005AU 30/06/2008 10.07% 0.00% 0.00% 89.93% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 12.85% 0.00% 0.00% 87.15% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Australian Ethical Equities Trust

AUG0002AU 30/06/2008 8.91% 0.00% 0.00% 0.00% 0.00% 64.11% 26.35% 0.00% 0.00% 0.63%

30/06/2007 9.80% 0.00% 0.00% 0.00% 0.00% 67.50% 22.70% 0.00% 0.00% 0.00%

Australian Ethical Large Companies Share

AUG0004AU 30/06/2008 4.40% 0.00% 0.00% 0.00% 0.00% 61.01% 33.97% 0.00% 0.00% 0.62%

30/06/2007 5.30% 0.00% 0.00% 0.00% 0.00% 63.60% 31.10% 0.00% 0.00% 0.00%

Australian Unity Intech High Opportunities Trust

AUS0007AU 30/06/2008 0.91% 0.00% 0.00% 0.00% 0.00% 0.00% 99.09% 0.00% 0.00% 0.00%

30/06/2007 1.46% 0.00% 0.00% 0.00% 0.00% 0.00% 98.54% 0.00% 0.00% 0.00%

Australian Unity Platypus Aust Eq Wsale

AUS0030AU 30/06/2008 9.62% 0.00% 0.00% 0.00% 0.00% 90.38% 0.00% 0.00% 0.00% 0.00%

30/06/2007 3.67% 0.00% 0.00% 0.00% 0.00% 96.33% 0.00% 0.00% 0.00% 0.00%

Australian Unity Prop Sec Fd – Ord Units

GEM0111AU 30/06/2008 1.40% 0.00% 0.00% 0.00% 84.75% 0.00% 0.00% 13.85% 0.00% 0.00%

30/06/2007 2.23% 0.00% 0.00% 0.00% 92.52% 0.00% 0.00% 5.25% 0.00% 0.00%

Australian Unity Wh Defined Income Trust

SBC0006AU 30/06/2008 72.75% 27.25% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 65.97% 34.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Australian Unity Wsale Mortgage Income

AUS0116AU 30/06/2008 18.85% 0.00% 0.00% 81.15% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 19.96% 0.00% 0.00% 80.04% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Australian Unity Wsale Property Income

YOC0100AU 30/06/2008 0.33% 0.00% 0.00% 0.00% 26.86% 0.00% 0.00% 72.81% 0.00% 0.00%

30/06/2007 4.12% 0.00% 0.00% 0.00% 42.15% 0.00% 0.00% 53.73% 0.00% 0.00%

AXA Australian Income Fund

NML0010AU 30/06/2008 24.62% 31.92% 0.00% 43.46% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 10.25% 28.91% 0.00% 60.84% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

AXA Wholesale Global Equity Core Fund

NMF0002AU 30/06/2008 2.08% 0.00% 0.00% 0.00% 0.00% 0.00% 97.92% 0.00% 0.00% 0.00%

30/06/2007 1.98% 0.00% 0.00% 0.00% 0.00% 0.00% 98.02% 0.00% 0.00% 0.00%

AXA Wsale Aust Equity Industrial Fund

NML0143AU 30/06/2008 2.79% 0.00% 0.00% 0.00% 0.00% 97.21% 0.00% 0.00% 0.00% 0.00%

30/06/2007 3.65% 0.00% 0.00% 0.00% 0.00% 96.35% 0.00% 0.00% 0.00% 0.00%

AXA Wsale Aust. Monthly Income Fund

NML0316AU 30/06/2008 19.58% 15.61% 0.00% 64.81% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 12.33% 19.33% 0.00% 68.34% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

AXA Wsale Australian Equity Value Fund

NML0061AU 30/06/2008 0.58% 0.00% 0.00% 0.00% 0.00% 99.42% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.54% 0.00% 0.00% 0.00% 0.00% 99.46% 0.00% 0.00% 0.00% 0.00%

AXA Wsale Australian Income Fund

NML0257AU 30/06/2008 24.62% 31.92% 0.00% 43.46% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 10.25% 28.91% 0.00% 60.84% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

AXA Wsale Australian Property Fund

NML0001AU 30/06/2008 11.59% 0.00% 0.00% 0.00% 7.62% 0.00% 0.00% 80.79% 0.00% 0.00%

30/06/2007 15.80% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 84.20% 0.00% 0.00%

AXA Wsale Global Equity Growth Fund

NML0318AU 30/06/2008 2.47% 0.00% 0.00% 0.00% 0.00% 0.00% 97.53% 0.00% 0.00% 0.00%

30/06/2007 3.88% 0.00% 0.00% 0.00% 0.00% 0.00% 96.12% 0.00% 0.00% 0.00%

AXA Wsale Global Equity Value Fund

NML0348AU 30/06/2008 2.39% 0.00% 0.00% 0.00% 0.00% 0.00% 97.61% 0.00% 0.00% 0.00%

30/06/2007 5.00% 0.00% 0.00% 0.00% 0.00% 0.00% 95.00% 0.00% 0.00% 0.00%

Basis Aust-Rim Diversified Fund

BCF0100AU 30/06/2008 26.05% 1.06% 27.04% 0.00% 0.00% 1.85% 0.00% 0.00% 0.00% 44.00%

30/06/2007 0.00% 8.65% 62.85% 0.00% 0.00% 0.24% 1.06% 0.00% 0.00% 27.20%

Basis Yield Fund BCF0001AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 0.00% 1.94% 41.99% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 56.07%

Becton Diversified Property Fund

BEC0001AU 30/06/2008 6.30% 0.00% 0.00% 0.00% 1.70% 0.00% 0.00% 88.40% 0.00% 3.60%

30/06/2007 4.90% 0.00% 0.00% 0.00% 5.40% 0.00% 0.00% 82.50% 0.00% 7.21%

BGI – Australian Equity Index Fund

BGL0034AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

BGI – Australian Fixed Interest Index Fund

BGL0105AU 30/06/2008 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

BGI – Australian Share Fund

BAR0814AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

BGI – Diversified Growth Fund

BAR0813AU 30/06/2008 8.19% 12.93% 6.58% 0.00% 4.67% 31.89% 27.30% 0.00% 0.00% 8.43%

30/06/2007 12.75% 15.48% 2.12% 0.00% 4.66% 31.76% 25.71% 0.00% 0.00% 7.53%

30


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

BGI – Diversified Stable Fund

BAR0811AU 30/06/2008 25.08% 29.37% 10.91% 0.00% 4.79% 13.38% 8.03% 0.00% 0.00% 8.44%

30/06/2007 28.97% 31.60% 6.27% 0.00% 4.75% 13.36% 7.43% 0.00% 0.00% 7.62%

BGI – Global Markets Fund

BGL0045AU 30/06/2008 -3.64% -7.80% 19.36% 0.00% 0.00% -10.07% 2.15% 0.00% 0.00% 0.00%

30/06/2007 3.04% 6.41% -6.70% 0.00% 0.00% 0.63% -3.38% 0.00% 0.00% 0.00%

BGI – International Share Fund

BAR0817AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

BGI – Intl Equity Index Fund

BGL0106AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

BGI – Intl Fixed Interest Index Fund

BGL0107AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

BGI – Property Securities Index Fund

BGL0108AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%

BGI Hedged International Share Fund

BGL0109AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

BlackRock Asset Alloc Alpha Class D

MAL0030AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

BlackRock Aust Quant Strat Fd – Cl D

MAL0013AU 30/06/2008 0.34% 0.00% 0.00% 0.00% 0.00% 99.66% 0.00% 0.00% 0.00% 0.00%

30/06/2007 5.87% 0.00% 0.00% 0.00% 0.00% 94.13% 0.00% 0.00% 0.00% 0.00%

BlackRock Combined Prop Income – Class D Units

MAL0008AU 30/06/2008 3.78% 0.00% 0.00% 0.00% 34.52% 0.00% 0.00% 61.70% 0.00% 0.00%

30/06/2007 5.42% 0.00% 0.00% 0.00% 47.17% 0.00% 0.00% 47.41% 0.00% 0.00%

BlackRock Diversified Credit Fund

MAL0011AU 30/06/2008 8.48% 54.35% 37.17% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 7.57% 37.52% 54.91% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

BlackRock Global Allocation Fund

MAL0018AU 30/06/2008 10.36% 0.55% 34.87% 0.00% 0.00% 0.76% 53.46% 0.00% 0.00% 0.00%

30/06/2007 15.68% 0.00% 30.41% 0.00% 0.00% 1.11% 52.80% 0.00% 0.00% 0.00%

BlackRock Global Small Cap Fund Class D

MAL0133AU 30/06/2008 8.25% 0.00% 0.00% 0.00% 0.00% 0.89% 90.86% 0.00% 0.00% 0.00%

30/06/2007 6.76% 0.00% 0.00% 0.00% 0.00% 1.49% 91.75% 0.00% 0.00% 0.00%

BlackRock Global Titans Fund Class D

MAL0134AU 30/06/2008 6.24% 0.00% 0.00% 0.00% 0.00% 0.00% 93.76% 0.00% 0.00% 0.00%

30/06/2007 -0.69% 0.00% 0.00% 0.00% 0.00% 0.00% 100.69% 0.00% 0.00% 0.00%

BlackRock Hedged Global Small Cap Fund Class D

MAL0135AU 30/06/2008 8.25% 0.00% 0.00% 0.00% 0.00% 0.89% 90.86% 0.00% 0.00% 0.00%

30/06/2007 6.76% 0.00% 0.00% 0.00% 0.00% 1.49% 91.75% 0.00% 0.00% 0.00%

BlackRock Hedged Global Titans Fund Class D

MAL0136AU 30/06/2008 6.24% 0.00% 0.00% 0.00% 0.00% 0.00% 93.76% 0.00% 0.00% 0.00%

30/06/2007 -0.69% 0.00% 0.00% 0.00% 0.00% 0.00% 100.69% 0.00% 0.00% 0.00%

Blackrock Long-Short Active Capital Fund

MAL0035AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a


BlackRock Monthly Income Fund – Class D

MAL0012AU 30/06/2008 9.08% 21.72% 69.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 6.62% 19.03% 74.35% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

BlackRock Property Securities Fund – Class D

MAL0151AU 30/06/2008 4.07% 0.00% 0.00% 0.00% 95.93% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.53% 0.00% 0.00% 0.00% 99.47% 0.00% 0.00% 0.00% 0.00% 0.00%

BlackRock Wholesale Balanced Fund

PWA0822AU 30/06/2008 8.79% 15.76% 6.10% 0.00% 5.00% 37.35% 26.20% 0.80% 0.00% 0.00%

30/06/2007 5.23% 13.67% 9.49% 0.00% 4.68% 37.27% 27.01% 2.64% 0.00% 0.00%

BlackRock Wsale Aust Share Fund

PWA0823AU 30/06/2008 1.42% 0.00% 0.00% 0.00% 0.10% 98.48% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.49% 0.00% 0.00% 0.00% 0.00% 98.51% 0.00% 0.00% 0.00% 0.00%

BlackRock Wsale Intl Share Fund

PWA0824AU 30/06/2008 6.24% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 93.76% 0.00% 0.00%

30/06/2007 -0.69% 0.00% 0.00% 0.00% 0.00% 0.00% 100.69% 0.00% 0.00% 0.00%

BlackRock Wsale Managed Income Fund

PWA0821AU 30/06/2008 9.61% 67.65% 0.00% 0.00% 0.00% 17.86% 0.00% 4.87% 0.00% 0.00%

30/06/2007 3.07% 63.37% 0.00% 0.00% 0.00% 21.76% 0.00% 11.80% 0.00% 0.00%

BT Global Return Fund

RFA0028AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

BT Institutional Enhanced Cash Fund

WFS0377AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Asset allocation as at 30 June 2008 continued

31


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

BT Institutional Managed Cash

WFS0245AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

BT Wholesale Asian Share Fund

BTA0054AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 0.23% 0.00% 0.00% 0.00% 0.00% 0.00% 99.77% 0.00% 0.00% 0.00%

BT Wholesale Property Securities Fund


30/06/2007 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%

BT Wholesale Technology Fund


30/06/2007 0.10% 0.00% 0.00% 0.00% 0.00% 0.00% 99.90% 0.00% 0.00% 0.00%

BT Wsale Active Balanced Fund


30/06/2007 0.42% 16.54% 4.55% 0.00% 6.16% 37.60% 23.33% 2.90% 8.50% 0.00%

BT Wsale Australian Share Fund


30/06/2007 4.97% 0.00% 0.00% 0.00% 0.00% 95.03% 0.00% 0.00% 0.00% 0.00%

BT Wsale Australian Small Company Fund


30/06/2007 2.90% 0.00% 0.00% 0.00% 0.00% 97.10% 0.00% 0.00% 0.00% 0.00%

BT Wsale Balanced Returns Fund


30/06/2007 10.66% 16.96% 4.48% 0.00% 4.88% 31.25% 20.97% 2.80% 8.00% 0.00%

BT Wsale Conservative Outlook Fund


30/06/2007 16.76% 34.07% 13.20% 0.00% 3.36% 14.41% 10.30% 1.90% 6.00% 0.00%

BT Wsale Core Australian Share Fund


30/06/2007 4.86% 0.00% 0.00% 0.00% 0.00% 95.14% 0.00% 0.00% 0.00% 0.00%

BT Wsale Core Global Share Fund


30/06/2007 0.07% 0.00% 0.00% 0.00% 0.00% 0.00% 99.93% 0.00% 0.00% 0.00%

BT Wsale Ethical Share Fund


30/06/2007 4.24% 0.00% 0.00% 0.00% 0.00% 95.76% 0.00% 0.00% 0.00% 0.00%

BT Wsale European Share Fund


30/06/2007 0.10% 0.00% 0.00% 0.00% 0.00% 0.00% 99.90% 0.00% 0.00% 0.00%

BT Wsale Fixed Interest Fund


30/06/2007 0.15% 99.85% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

BT Wsale Future Goals Fund


30/06/2007 2.22% 7.97% 1.48% 0.00% 6.29% 43.42% 27.82% 2.80% 8.00% 0.00%

BT Wsale Imputation Fund


30/06/2007 6.58% 0.00% 0.00% 0.00% 4.45% 88.97% 0.00% 0.00% 0.00% 0.00%

BT Wsale Intl Share Fund


30/06/2007 0.11% 0.00% 0.00% 0.00% 0.00% 0.00% 99.89% 0.00% 0.00% 0.00%

BT Wsale Property Investment Fund


30/06/2007 10.03% 0.00% 0.00% 0.00% 89.97% 0.00% 0.00% 0.00% 0.00% 0.00%

BT Wsale Smaller Companies Fund


30/06/2007 3.86% 0.00% 0.00% 0.00% 0.00% 96.14% 0.00% 0.00% 0.00% 0.00%

BT Wsale Tax Effective Income Fund


30/06/2007 24.97% 20.26% 0.00% 0.00% 16.22% 38.55% 0.00% 0.00% 0.00% 0.00%

BT Wsale Value Global Share Fund


30/06/2007 2.98% 0.00% 0.00% 0.00% 0.00% 0.00% 97.02% 0.00% 0.00% 0.00%

Centro Dir Property Fund International

MCS0001AU 30/06/2008 0.10% 0.00% 0.00% 0.00% 0.61% 0.00% 0.00% 98.86% 0.00% 0.43%

30/06/2007 0.82% 0.00% 0.00% 0.00% 2.49% 0.00% 0.00% 94.10% 0.00% 2.59%

Centro Direct Property Fund

MCS0011AU 30/06/2008 0.25% 0.00% 0.00% 0.00% 1.24% 0.00% 0.00% 98.20% 0.00% 0.31%

30/06/2007 0.86% 0.00% 0.00% 0.00% 5.65% 0.00% 0.00% 91.77% 0.00% 1.72%

CFS 452 Wsale Aust. Share Fund

FSF0079AU 30/06/2008 5.68% 0.00% 0.00% 0.00% 0.00% 94.32% 0.00% 0.00% 0.00% 0.00%

30/06/2007 8.55% 0.00% 0.00% 0.00% 0.00% 91.45% 0.00% 0.00% 0.00% 0.00%

CFS Acadian Global Equity Fund

FSF0710AU 30/06/2008 0.21% 0.00% 0.00% 0.00% 0.00% 0.00% 98.03% 0.00% 0.00% 1.76%

30/06/2007 5.84% 0.00% 0.00% 0.00% 0.00% 0.00% 94.16% 0.00% 0.00% 0.00%

CFS B&M Fund CML0002AU 30/06/2008 0.00% 31.84% 0.00% 68.16% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 32.48% 0.00% 67.52% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

32


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

CFS Colliers International Property Securities

FSF0454AU 30/06/2008 3.28% 0.00% 0.00% 0.00% 95.36% 0.00% 0.00% 0.00% 0.00% 1.36%

30/06/2007 3.71% 0.00% 0.00% 0.00% 96.29% 0.00% 0.00% 0.00% 0.00% 0.00%

CFS Global Resources Long Short Fund

FSF0698AU 30/06/2008 53.57% 0.00% 0.00% 0.00% 0.00% 0.00% 60.01% 0.00% 0.00% -13.58%

30/06/2007 29.30% 0.00% 0.42% 0.00% 0.00% 26.88% 43.40% 0.00% 0.00% 0.00%

CFS Wholesale Index Property Securities Fund

CMI0105AU 30/06/2008 1.12% 0.00% 0.00% 0.00% 98.88% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.67% 0.00% 0.00% 0.00% 99.33% 0.00% 0.00% 0.00% 0.00% 0.00%

CFS Wsale Global Health & Biotech

FSF0146AU 30/06/2008 1.77% 0.00% 0.00% 0.00% 0.00% 0.00% 97.03% 0.00% 0.00% 1.20%

30/06/2007 3.55% 0.00% 0.00% 0.00% 0.00% 0.00% 96.45% 0.00% 0.00% 0.00%

CFS Wsale Aust Bond Fund

FSF0027AU 30/06/2008 0.36% 99.64% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.01% 99.99% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

CFS Wsale Aust. Corporate Debt Fund

FSF0149AU 30/06/2008 9.62% 90.38% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

CFS Wsale Australian Share Fund

FSF0002AU 30/06/2008 3.40% 0.00% 0.00% 0.00% 0.00% 96.60% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.55% 0.00% 0.00% 0.00% 0.00% 98.45% 0.00% 0.00% 0.00% 0.00%

CFS Wsale Australian Share Fund – Core

CFM0404AU 30/06/2008 2.99% 0.00% 0.00% 0.00% 0.00% 97.01% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.83% 0.00% 0.00% 0.00% 0.00% 98.17% 0.00% 0.00% 0.00% 0.00%

CFS Wsale Balanced Fund

FSF0040AU 30/06/2008 2.23% 50.64% 0.00% 0.00% 4.04% 23.65% 19.36% 0.00% 0.00% 0.07%

30/06/2007 3.51% 48.07% 0.00% 0.00% 4.53% 24.72% 19.17% 0.00% 0.00% 0.00%

CFS Wsale Conservative Fund

FSF0033AU 30/06/2008 1.53% 53.48% 16.76% 0.00% 2.38% 16.52% 9.30% 0.00% 0.00% 0.04%

30/06/2007 5.85% 63.01% 2.95% 0.00% 2.71% 16.26% 9.22% 0.00% 0.00% 0.00%

CFS Wsale Diversified Fund

FSF0008AU 30/06/2008 8.15% 13.25% 11.40% 0.00% 5.97% 33.05% 28.08% 0.00% 0.00% 0.10%

30/06/2007 8.02% 6.87% 17.71% 0.00% 6.42% 34.19% 26.79% 0.00% 0.00% 0.00%

CFS Wsale Fixed Interest Strategies

FSF0175AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

CFS Wsale Geared Global Share Fund

FSF0170AU 30/06/2008 -0.07% 0.00% 0.00% 0.00% 0.00% 0.00% 96.41% 0.00% 0.00% 3.66%

30/06/2007 3.35% 0.00% 0.00% 0.00% 0.00% 0.00% 96.65% 0.00% 0.00% 0.00%

CFS Wsale Geared Share Fund

FSF0043AU 30/06/2008 8.31% 0.00% 0.00% 0.00% 0.00% 91.69% 0.00% 0.00% 0.00% 0.00%

30/06/2007 5.18% 0.00% 0.00% 0.00% 0.00% 94.82% 0.00% 0.00% 0.00% 0.00%

CFS Wsale Global Credit Income Fund

FSF0084AU 30/06/2008 0.00% 37.08% 62.92% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 3.96% 80.07% 15.97% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

CFS Wsale Global Diversified Strategies Fund

FSF0176AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 5.16% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 94.84%

CFS Wsale Global Resources

FSF0038AU 30/06/2008 3.30% 0.00% 0.00% 0.00% 0.00% 0.00% 96.99% 0.00% 0.00% -0.29%

30/06/2007 2.64% 0.00% 0.00% 0.00% 0.00% 0.00% 97.36% 0.00% 0.00% 0.00%

CFS Wsale Global Share Fund

FSF0047AU 30/06/2008 1.41% 0.00% 0.00% 0.00% 0.00% 0.00% 97.87% 0.00% 0.00% 0.72%

30/06/2007 4.13% 0.00% 0.00% 0.00% 0.00% 0.00% 95.87% 0.00% 0.00% 0.00%

CFS Wsale Global Tech & Comms Fund

FSF0143AU 30/06/2008 1.59% 0.00% 0.00% 0.00% 0.00% 0.00% 95.16% 0.00% 0.00% 3.25%

30/06/2007 2.72% 0.00% 0.00% 0.00% 0.00% 0.00% 97.28% 0.00% 0.00% 0.00%

CFS Wsale High Growth Fund

FSF0498AU 30/06/2008 3.08% 0.00% 0.00% 0.00% 0.00% 48.04% 48.61% 0.00% 0.00% 0.28%

30/06/2007 3.30% 0.00% 0.00% 0.00% 0.00% 48.48% 48.22% 0.00% 0.00% 0.00%

CFS Wsale Imputation Fund

FSF0003AU 30/06/2008 3.62% 0.00% 0.00% 0.00% 0.00% 96.38% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.58% 0.00% 0.00% 0.00% 0.00% 98.42% 0.00% 0.00% 0.00% 0.00%

CFS Wsale Income Fund

FSF0139AU 30/06/2008 4.12% 28.62% 17.32% 49.94% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 4.53% 42.82% 4.33% 48.32% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

CFS Wsale PM Capital Aust Sh Fund

FSF0455AU 30/06/2008 1.59% 0.00% 0.00% 0.00% 0.00% 98.41% 0.00% 0.00% 0.00% 0.00%

30/06/2007 11.91% 0.00% 0.00% 0.00% 0.00% 88.09% 0.00% 0.00% 0.00% 0.00%

CFS Wsale Premium Cash Fund

COM0024AU 30/06/2008 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

CFS Wsale Property Securities

FSF0004AU 30/06/2008 3.31% 0.00% 0.00% 0.00% 96.69% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 3.68% 0.00% 0.00% 0.00% 0.00% 96.32% 0.00% 0.00% 0.00% 0.00%

CFS Wsale Small Companies Fund – Core

CMI0111AU 30/06/2008 2.59% 0.00% 0.00% 0.00% 0.00% 97.40% 0.00% 0.00% 0.00% 0.01%

30/06/2007 2.13% 0.00% 0.00% 0.00% 0.00% 97.87% 0.00% 0.00% 0.00% 0.00%


33


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

Challenger Global Infrastructure Fund

HOW0031AU 30/06/2008 3.41% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 96.59%

30/06/2007 3.45% 0.00% 0.00% 0.00% 0.00% 11.77% 0.00% 0.00% 0.00% 84.78%

Challenger Howard Wsale Mortgage Fund

HOW0005AU 30/06/2008 7.90% 0.00% 0.00% 92.10% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 11.00% 0.00% 0.00% 89.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Challenger Select Aust Sh Fund – Wsale

HOW0026AU 30/06/2008 4.73% 0.00% 0.00% 0.00% 0.00% 95.27% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.79% 0.00% 0.00% 0.00% 0.00% 97.21% 0.00% 0.00% 0.00% 0.00%

Challenger Wsale Asian Share Fund

HBC0010AU 30/06/2008 5.53% 0.00% 0.00% 0.00% 0.00% 0.00% 94.47% 0.00% 0.00% 0.00%

30/06/2007 0.59% 0.00% 0.00% 0.00% 0.00% 0.00% 99.41% 0.00% 0.00% 0.00%

Challenger Wsale Aust. Share Income Fund

HBC0011AU 30/06/2008 18.26% 0.00% 0.00% 0.00% 0.00% 81.74% 0.00% 0.00% 0.00% 0.00%

30/06/2007 27.73% 0.00% 0.00% 0.00% 0.00% 72.27% 0.00% 0.00% 0.00% 0.00%

Challenger Wsale Australian Share Fund

PAM0001AU 30/06/2008 1.38% 0.00% 0.00% 0.00% 0.00% 98.62% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.18% 0.00% 0.00% 0.00% 0.00% 98.82% 0.00% 0.00% 0.00% 0.00%

Challenger Wsale High Yield fund

HOW0141AU 30/06/2008 14.11% 83.27% 2.62% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 3.00% 97.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Challenger Wsale Hybrid Property Fund

HBC0013AU 30/06/2008 11.70% 0.00% 0.00% 0.00% 36.42% 0.00% 0.00% 72.42% 0.00% -20.54%

30/06/2007 1.67% 0.00% 0.00% 0.00% 50.29% 0.00% 0.00% 61.37% 0.00% -13.33%

Challenger Wsale Microcap Fund

HOW0027AU 30/06/2008 18.37% 0.00% 0.00% 0.00% 0.00% 81.63% 0.00% 0.00% 0.00% 0.00%

30/06/2007 16.17% 0.00% 0.00% 0.00% 0.00% 83.83% 0.00% 0.00% 0.00% 0.00%

Challenger Wsale MTM Intl Share Fund

HBC0012AU 30/06/2008 3.56% 0.00% 0.00% 0.00% 0.00% -4.45% 100.89% 0.00% 0.00% 0.00%

30/06/2007 9.69% 0.00% 0.00% 0.00% 0.00% 0.55% 89.76% 0.00% 0.00% 0.00%

Challenger Wsale Property Securities Fund

HBC0008AU 30/06/2008 9.20% 0.00% 0.00% 0.00% 90.80% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.26% 0.00% 0.00% 0.00% 97.74% 0.00% 0.00% 0.00% 0.00% 0.00%

Challenger Wsale Smaller Companies Fund

HOW0016AU 30/06/2008 15.33% 0.00% 0.00% 0.00% 0.00% 84.67% 0.00% 0.00% 0.00% 0.00%

30/06/2007 5.17% 0.00% 0.00% 0.00% 0.00% 94.83% 0.00% 0.00% 0.00% 0.00%

Challenger Wsale Social Respon Sh Fund

HOW0121AU 30/06/2008 2.94% 0.00% 0.00% 0.00% 0.00% 97.06% 0.00% 0.00% 0.00% 0.00%

30/06/2007 4.44% 0.00% 0.00% 0.00% 0.00% 95.56% 0.00% 0.00% 0.00% 0.00%

Charter Hall Diversified Property Fund

CHF0001AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00%

Chifley Investment Fund – Australian Equities

CFS0003AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

Chifley Investment Fund Australian Fixed Income

CFS0005AU 30/06/2008 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Chifley Investment Fund International Equities

CFS0008AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

Chifley Investment Fund International Fixed Income

CFS0010AU 30/06/2008 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Concord Australian Equity Fund

MAQ0424AU 30/06/2008 0.80% 0.00% 0.00% 0.00% 0.00% 99.20% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.04% 0.00% 0.00% 0.00% 0.00% 98.96% 0.00% 0.00% 0.00% 0.00%

Credit Suisse Aust Smaller Comp Fund

CSA0131AU 30/06/2008 9.20% 0.00% 0.00% 0.00% 0.00% 81.80% 0.00% 0.00% 0.00% 9.00%

30/06/2007 5.80% 0.00% 0.00% 0.00% 0.00% 92.99% 0.00% 0.00% 0.00% 1.21%

Credit Suisse Aust. Fixed Interest Fund

CRS0004AU 30/06/2008 4.70% 95.30% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 -3.93% 103.93% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Credit Suisse Australian Shares Fund

CRS0003AU 30/06/2008 0.80% 0.00% 0.00% 0.00% 0.00% 95.50% 0.00% 0.00% 0.00% 3.70%

30/06/2007 2.68% 0.00% 0.00% 0.00% 0.00% 97.29% 0.00% 0.00% 0.00% 0.03%

Credit Suisse Capital Growth Fund

CRS0002AU 30/06/2008 1.40% 8.27% 13.13% 0.00% 2.78% 41.89% 24.65% 0.00% 0.00% 7.89%

30/06/2007 2.01% 11.03% 7.74% 0.00% 0.00% 39.87% 33.04% 0.00% 0.00% 6.30%

Credit Suisse Capital Stable Fund

CRS0001AU 30/06/2008 15.95% 21.51% 6.80% 0.00% 8.11% 22.10% 9.56% 0.00% 0.00% 15.96%

30/06/2007 27.89% 20.18% 5.57% 0.00% 3.45% 12.65% 17.13% 0.00% 0.00% 13.13%

Credit Suisse Cash Fund

CRS0009AU 30/06/2008 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

34


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

Credit Suisse Fully Hdgd Int’l Shares

CSA0135AU 30/06/2008 10.53% 0.00% 0.00% 0.00% 0.00% 0.00% 89.47% 0.00% 0.00% 0.00%

30/06/2007 4.91% 0.00% 0.00% 0.00% 0.00% 0.00% 95.09% 0.00% 0.00% 0.00%

Credit Suisse Global Income Fund

CSA0038AU 30/06/2008 3.70% 10.40% 80.30% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.60%

30/06/2007 16.36% 11.45% 72.19% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Credit Suisse Global Private Equity Fund

CSA0042AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

Credit Suisse Intl Fixed Interest Fund

CRS0006AU 30/06/2008 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Credit Suisse Intl Share Fund

CRS0005AU 30/06/2008 3.64% 0.00% 0.00% 0.00% 0.00% 0.00% 96.36% 0.00% 0.00% 0.00%

30/06/2007 2.07% 0.00% 0.00% 0.00% 0.00% 0.00% 97.93% 0.00% 0.00% 0.00%

Credit Suisse Property Fund

CRS0007AU 30/06/2008 3.20% 0.00% 0.00% 0.00% 0.00% 96.80% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.80% 0.00% 0.00% 0.00% 94.68% 2.53% 0.00% 0.00% 0.00% 0.00%

Credit Suisse Syndicated Loan Fund

CSA0046AU 30/06/2008 17.61% 0.00% 82.39% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 18.70% 0.00% 74.70% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 6.60%

Credit Suisse Unhedged Int’l Shares Fund

CSA0136AU 30/06/2008 1.79% 0.00% 0.00% 0.00% 0.00% 0.00% 98.21% 0.00% 0.00% 0.00%

30/06/2007 4.80% 0.00% 0.00% 0.00% 0.00% 0.00% 95.20% 0.00% 0.00% 0.00%

Credit Suisse/Tremont Strat Index Fund

CSA0065AU 30/06/2008 1.85% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 98.15%


Cromwell Property Fund

CRM0004AU 30/06/2008 1.67% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 97.17% 0.00% 1.16%

30/06/2007 1.90% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 98.10% 0.00% 0.00%

CSL Active Commodities Fund

MAQ0445AU 30/06/2008 2.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 98.00%

30/06/2007 31.36% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 68.64%

Custom Choice Ws Boutique Aus Sh Pfolio

HOW0019AU 30/06/2008 1.95% 0.00% 0.00% 0.00% 0.00% 98.05% 0.00% 0.00% 0.00% 0.00%

30/06/2007 5.17% 0.00% 0.00% 0.00% 0.00% 94.83% 0.00% 0.00% 0.00% 0.00%

Custom Choice Ws Inter Share Pfolio

HOW0029AU 30/06/2008 3.56% 0.00% 0.00% 0.00% 0.00% -4.45% 100.89% 0.00% 0.00% 0.00%

30/06/2007 9.69% 0.00% 0.00% 0.00% 0.00% 0.55% 89.76% 0.00% 0.00% 0.00%

Custom Choice Wsale Aust Share Portfolio

HBC0113AU 30/06/2008 2.97% 0.00% 0.00% 0.00% 0.00% 97.03% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.41% 0.00% 0.00% 0.00% 0.00% 98.59% 0.00% 0.00% 0.00% 0.00%

DDH Australian Equities Fund

DDH0003AU 30/06/2008 1.62% 0.00% 0.00% 0.00% 0.00% 98.38% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.35% 0.00% 0.00% 0.00% 0.00% 97.65% 0.00% 0.00% 0.00% 0.00%

DDH Global Fixed Interest Alpha Fund

DDH0007AU 30/06/2008 0.57% 0.00% 99.43% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 15.82% 0.00% 84.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Deutsche Income Fund

MGL0007AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 3.55% 62.00% 0.00% 26.94% 0.00% 0.00% 0.00% 0.00% 0.00% 7.51%

5-Yr Diversified Fixed Interest – AUD Class Units

DFA0108AU 30/06/2008 0.40% 0.00% 99.60% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.21% 0.00% 98.79% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

5-Yr Diversified Fixed Interest – NZD Class Units

DFA0001AU 30/06/2008 0.40% 0.00% 99.60% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.21% 0.00% 98.79% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Dimensional Aust Large Company Trust

DFA0103AU 30/06/2008 0.66% 0.00% 0.00% 0.00% 0.00% 99.34% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.27% 0.00% 0.00% 0.00% 0.00% 98.73% 0.00% 0.00% 0.00% 0.00%

Dimensional Aust Small Company Trust

DFA0104AU 30/06/2008 0.95% 0.00% 0.00% 0.00% 0.00% 99.05% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.30% 0.00% 0.00% 0.00% 0.00% 98.70% 0.00% 0.00% 0.00% 0.00%

Dimensional Australian Core Equity Trust

DFA0003AU 30/06/2008 1.57% 0.00% 0.00% 0.00% 0.00% 98.43% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.45% 0.00% 0.00% 0.00% 0.00% 99.55% 0.00% 0.00% 0.00% 0.00%

Dimensional Australian Value Trust

DFA0101AU 30/06/2008 0.65% 0.00% 0.00% 0.00% 0.00% 99.35% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.12% 0.00% 0.00% 0.00% 0.00% 98.88% 0.00% 0.00% 0.00% 0.00%

Dimensional Emerging Markets Trust

DFA0107AU 30/06/2008 4.56% 0.00% 0.00% 0.00% 0.00% 0.00% 95.44% 0.00% 0.00% 0.00%

30/06/2007 1.56% 0.00% 0.00% 0.00% 0.00% 0.00% 98.44% 0.00% 0.00% 0.00%

Dimensional Global Core Equity Trust

DFA0004AU 30/06/2008 1.11% 0.00% 0.00% 0.00% 0.00% 0.02% 98.87% 0.00% 0.00% 0.00%

30/06/2007 1.02% 0.00% 0.00% 0.00% 0.00% 0.24% 98.74% 0.00% 0.00% 0.00%

Dimensional Global Large Company Trust

DFA0105AU 30/06/2008 0.40% 0.00% 0.00% 0.00% 0.00% 3.06% 96.54% 0.00% 0.00% 0.00%

30/06/2007 0.49% 0.00% 0.00% 0.00% 0.00% 2.61% 96.90% 0.00% 0.00% 0.00%


35


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

Dimensional Global Real Estate Trust

DFA0005AU 30/06/2008 3.83% 0.00% 0.00% 0.00% 0.00% 45.42% 50.75% 0.00% 0.00% 0.00%


Dimensional Global Small Company Trust

DFA0106AU 30/06/2008 4.16% 0.00% 0.00% 0.00% 0.00% 3.76% 92.08% 0.00% 0.00% 0.00%

30/06/2007 1.08% 0.00% 0.00% 0.00% 0.00% 4.35% 94.57% 0.00% 0.00% 0.00%

Dimensional Global Value Trust

DFA0102AU 30/06/2008 3.29% 0.00% 0.00% 0.00% 0.00% 3.12% 93.59% 0.00% 0.00% 0.00%

30/06/2007 1.50% 0.00% 0.00% 0.00% 0.00% 2.29% 96.21% 0.00% 0.00% 0.00%

Dimensional Short Term Fixed Int Trust

DFA0100AU 30/06/2008 0.52% 99.48% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.38% 99.62% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Dimensional Two-Year Div Fixed Int Trust

DFA0002AU 30/06/2008 0.54% 0.00% 99.46% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.71% 0.00% 99.29% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Diversified Investment Strategy No.2

IPA0115AU 30/06/2008 5.40% 9.60% 14.70% 0.00% 8.10% 30.70% 28.70% 0.00% 2.80% 0.00%



IPA0116AU 30/06/2008 3.70% 5.40% 7.80% 0.00% 7.70% 34.80% 37.30% 0.00% 3.30% 0.00%



IPA0124AU 30/06/2008 0.80% 0.00% 0.00% 0.00% 7.90% 39.00% 49.20% 0.00% 3.10% 0.00%



IPA0055AU 30/06/2008 5.80% 4.90% 12.60% 0.00% 13.80% 20.10% 20.30% 0.00% 22.50% 0.00%


Donaldson Burston THS Partners Global Equity Fund

ETL0096AU 30/06/2008 16.61% 0.00% 0.00% 0.00% 0.00% 0.00% 83.39% 0.00% 0.00% 0.00%

30/06/2007 15.23% 0.00% 0.00% 0.00% 0.00% 0.00% 84.77% 0.00% 0.00% 0.00%

DWS Global Equity Agribusiness Fund

MGL0019AU 30/06/2008 4.22% 0.00% 0.00% 0.00% 0.00% 0.00% 95.78% 0.00% 0.00% 0.00%

30/06/2007 6.31% 0.00% 0.00% 0.00% 0.00% 0.00% 93.69% 0.00% 0.00% 0.00%

DWS Global Equity Thematic Fully Hedged

MGL0018AU 30/06/2008 3.86% 0.00% 0.00% 0.00% 0.00% 0.00% 96.14% 0.00% 0.00% 0.00%

30/06/2007 4.06% 0.00% 0.00% 0.00% 0.00% 0.00% 95.94% 0.00% 0.00% 0.00%

DWS Global Equity Thematic Fund

MGL0004AU 30/06/2008 3.86% 0.00% 0.00% 0.00% 0.00% 0.00% 96.14% 0.00% 0.00% 0.00%

30/06/2007 4.06% 0.00% 0.00% 0.00% 0.00% 0.00% 95.94% 0.00% 0.00% 0.00%

DWS Strategic Value Fund

DEU0109AU 30/06/2008 4.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 96.00%

30/06/2007 2.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 97.91%

EII Global Property Fund

MAQ0463AU 30/06/2008 12.30% 0.00% 0.00% 0.00% 87.70% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 9.93% 0.00% 0.00% 0.00% 90.07% 0.00% 0.00% 0.00% 0.00% 0.00%

Eley Griffiths Group Small Companies Fund

EGG0001AU 30/06/2008 8.16% 0.00% 0.00% 0.00% 0.00% 91.84% 0.00% 0.00% 0.00% 0.00%

30/06/2007 13.05% 0.00% 0.00% 0.00% 0.00% 86.95% 0.00% 0.00% 0.00% 0.00%

Emerging Resources Company Share Fund

WPC0013AU 30/06/2008 17.70% 0.00% 0.00% 0.00% 0.00% 82.30% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.05% 0.00% 0.00% 0.00% 0.00% 98.95% 0.00% 0.00% 0.00% 0.00%

EQT Intrinsic Value International Fund

MMC0110AU 30/06/2008 0.98% 0.00% 0.00% 0.00% 0.00% 0.00% 99.02% 0.00% 0.00% 0.00%

30/06/2007 4.37% 0.00% 0.00% 0.00% 0.00% 0.00% 95.63% 0.00% 0.00% 0.00%

EQT Intrinsic Value International Sharemarkets Plus Fund

ETL0057AU 30/06/2008 44.75% 0.00% 0.00% 0.00% 0.00% 0.00% 55.25% 0.00% 0.00% 0.00%

30/06/2007 14.49% 0.00% 0.00% 0.00% 0.00% 0.00% 85.51% 0.00% 0.00% 0.00%

EQT PIMCO Wholesale Global Bond Fund

ETL0018AU 30/06/2008 0.00% 5.36% 94.64% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 4.80% 95.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

EQT PIMCO Wsale Divers Fixed Int Fund

ETL0016AU 30/06/2008 0.00% 43.77% 56.23% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 44.66% 55.34% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

EQT SGH LaSalle Global Property Securities

ETL0005AU 30/06/2008 1.28% 0.00% 0.00% 0.00% 98.72% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 3.99% 0.00% 0.00% 0.00% 96.01% 0.00% 0.00% 0.00% 0.00% 0.00%

EQT Sgh Wsale Absolute Return Trust

ETL0030AU 30/06/2008 23.07% 0.00% 0.00% 0.00% 0.00% 76.93% 0.00% 0.00% 0.00% 0.00%

30/06/2007 12.30% 0.00% 0.00% 0.00% 0.00% 87.70% 0.00% 0.00% 0.00% 0.00%

EQT Wholesale High Income Fund

ETL0120AU 30/06/2008 5.49% 86.27% 0.00% 0.00% 0.00% 0.00% 0.00% 8.24% 0.00% 0.00%

30/06/2007 7.89% 84.02% 0.00% 0.00% 0.00% 0.00% 0.00% 8.09% 0.00% 0.00%

EQT Wsale Small Companies Fund

ETL0118AU 30/06/2008 1.45% 0.00% 0.00% 0.00% 0.00% 98.55% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.39% 0.00% 0.00% 0.00% 0.00% 99.61% 0.00% 0.00% 0.00% 0.00%

Fidelity America Fund FID0009AU 30/06/2008 10.00% 0.00% 0.00% 0.00% 0.00% 0.00% 90.00% 0.00% 0.00% 0.00%

30/06/2007 3.80% 0.00% 0.00% 0.00% 0.00% 0.00% 96.20% 0.00% 0.00% 0.00%

36


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

Fidelity Australian Equities Fund

FID0008AU 30/06/2008 1.40% 0.00% 0.00% 0.00% 0.00% 98.60% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.80% 0.00% 0.00% 0.00% 0.00% 99.20% 0.00% 0.00% 0.00% 0.00%

Fidelity China Fund FID0011AU 30/06/2008 5.50% 0.00% 0.00% 0.00% 0.00% 0.00% 94.50% 0.00% 0.00% 0.00%

30/06/2007 7.70% 0.00% 0.00% 0.00% 0.00% 0.00% 92.30% 0.00% 0.00% 0.00%

Fidelity Global Equities Fund

FID0007AU 30/06/2008 8.20% 0.00% 0.00% 0.00% 0.00% 0.00% 91.80% 0.00% 0.00% 0.00%

30/06/2007 5.70% 0.00% 0.00% 0.00% 0.00% 0.00% 94.30% 0.00% 0.00% 0.00%

Fidelity India Fund FID0015AU 30/06/2008 1.30% 0.00% 0.00% 0.00% 0.00% 0.00% 98.70% 0.00% 0.00% 0.00%

30/06/2007 2.50% 0.00% 0.00% 0.00% 0.00% 0.00% 97.50% 0.00% 0.00% 0.00%

Fidelity Japan Fund FID0004AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 4.10% 0.00% 0.00% 0.00% 0.00% 0.00% 95.90% 0.00% 0.00% 0.00%

Fortis Australian Equity Fund

ARO0011AU 30/06/2008 1.30% 0.00% 0.00% 0.00% 4.42% 94.28% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.33% 0.00% 0.00% 0.00% 5.23% 93.44% 0.00% 0.00% 0.00% 0.00%

Fortis Concentrated Aust Equity Fund

ARO0015AU 30/06/2008 2.23% 0.00% 0.00% 0.00% 0.00% 97.77% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.26% 0.00% 0.00% 0.00% 0.00% 97.74% 0.00% 0.00% 0.00% 0.00%

Fortis Global Equity Fund

ARO0006AU 30/06/2008 2.82% 0.00% 0.00% 0.00% 0.00% 1.63% 95.55% 0.00% 0.00% 0.00%

30/06/2007 0.88% 0.00% 0.00% 0.00% 0.00% 2.66% 96.46% 0.00% 0.00% 0.00%

Fortis High Income Global Property Securities

ARO0014AU 30/06/2008 4.66% 0.00% 0.00% 0.00% 73.46% 21.88% 0.00% 0.00% 0.00% 0.00%

30/06/2007 17.00% 0.00% 0.00% 0.00% 53.62% 29.38% 0.00% 0.00% 0.00% 0.00%

GMO Australian Equity Trust

GMO0100AU 30/06/2008 1.57% 0.00% 0.00% 0.00% 6.97% 91.46% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.30% 0.00% 0.00% 0.00% 11.59% 87.11% 0.00% 0.00% 0.00% 0.00%

GMO Australian Small Companies Trust

GMO0101AU 30/06/2008 1.56% 0.00% 0.00% 0.00% 5.05% 93.39% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.22% 0.00% 0.00% 0.00% 12.73% 86.05% 0.00% 0.00% 0.00% 0.00%

GMO Emerging Markets Trust

GMO0102AU 30/06/2008 1.30% 0.00% 0.00% 0.00% 0.00% 0.00% 98.70% 0.00% 0.00% 0.00%

30/06/2007 2.40% 0.00% 0.00% 0.00% 0.00% 0.00% 97.60% 0.00% 0.00% 0.00%

GMO Global Equity Trust

GMO0103AU 30/06/2008 1.70% 0.00% 0.00% 0.00% 0.00% 0.00% 98.30% 0.00% 0.00% 0.00%

30/06/2007 3.00% 0.00% 0.00% 0.00% 0.00% 0.00% 97.00% 0.00% 0.00% 0.00%

GMO Hedged Global Equity Trust

GMO0004AU 30/06/2008 1.70% 0.00% 0.00% 0.00% 0.00% 0.00% 98.30% 0.00% 0.00% 0.00%

30/06/2007 3.00% 0.00% 0.00% 0.00% 0.00% 0.00% 97.00% 0.00% 0.00% 0.00%

Goldman Sachs JB Were Aust Infra Fund

JBW0030AU 30/06/2008 2.22% 0.00% 0.00% 0.00% 0.00% 97.78% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.87% 0.00% 0.00% 0.00% 0.00% 98.13% 0.00% 0.00% 0.00% 0.00%

Goldman Sachs JB Were Global Spectrum Fund

JBW0034AU 30/06/2008 52.44% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 47.56%


Goldman Sachs JB Were Multi – Strategy Fund IDPS

JBW0026AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

Goldman Sachs JBWere Aust Equities WSale Fund

JBW0009AU 30/06/2008 0.72% 0.00% 0.00% 0.00% 0.00% 99.28% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.65% 0.00% 0.00% 0.00% 0.00% 99.35% 0.00% 0.00% 0.00% 0.00%

Goldman Sachs JBWere Diversified Growth Wsale Fund

JBW0017AU 30/06/2008 1.90% 23.80% 4.30% 0.00% 3.90% 42.00% 24.10% 0.00% 0.00% 0.00%

30/06/2007 3.80% 21.83% 3.87% 0.00% 3.93% 39.88% 26.69% 0.00% 0.00% 0.00%

Goldman Sachs JBWere Emerging Leaders Fund

JBW0007AU 30/06/2008 0.63% 0.00% 0.00% 0.00% 0.00% 99.37% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.02% 0.00% 0.00% 0.00% 0.00% 97.98% 0.00% 0.00% 0.00% 0.00%

Goldman Sachs JBWere Emerging Leaders Wsale Fund

JBW0010AU 30/06/2008 0.63% 0.00% 0.00% 0.00% 0.00% 99.37% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.02% 0.00% 0.00% 0.00% 0.00% 97.98% 0.00% 0.00% 0.00% 0.00%

Goldman Sachs JBWere Enhanced Income Wsale Fd

JBW0018AU 30/06/2008 6.40% 93.60% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 8.33% 94.86% 0.00% 0.00% 0.00% -3.19% 0.00% 0.00% 0.00% 0.00%

Goldman Sachs JBWere Glb Alpha Fnd

JBW0025AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

Goldman Sachs JBWere Glob Health & Biotech Wsale

JBW0111AU 30/06/2008 1.60% 0.00% 0.00% 0.00% 0.00% 0.00% 98.40% 0.00% 0.00% 0.00%

30/06/2007 2.25% 0.00% 0.00% 0.00% 0.00% 0.00% 97.75% 0.00% 0.00% 0.00%

Goldman Sachs JBWere Global Flex Fund

JBW0027AU 30/06/2008 2.87% 0.00% 0.00% 0.00% 0.00% 0.00% 97.13% 0.00% 0.00% 0.00%

30/06/2007 2.56% 0.00% 0.00% 0.00% 0.00% 0.00% 97.44% 0.00% 0.00% 0.00%


37


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

Goldman Sachs JBWere Global Small Co Wsale Fund

JBW0103AU 30/06/2008 6.52% 0.00% 0.00% 0.00% 0.00% 0.00% 93.48% 0.00% 0.00% 0.00%

30/06/2007 1.79% 0.00% 0.00% 0.00% 0.00% 0.00% 98.21% 0.00% 0.00% 0.00%

Goldman Sachs JBWere Global Technology Wsale Fd

JBW0112AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 3.90% 0.00% 0.00% 0.00% 0.00% 0.00% 96.10% 0.00% 0.00% 0.00%

Goldman Sachs JBWere Hedged Global Flex Fund

JBW0028AU 30/06/2008 2.87% 0.00% 0.00% 0.00% 0.00% 0.00% 97.13% 0.00% 0.00% 0.00%

30/06/2007 2.56% 0.00% 0.00% 0.00% 0.00% 0.00% 97.44% 0.00% 0.00% 0.00%

Goldman Sachs JBWere Hedged Global Small Co Wsale Fund

JBW0020AU 30/06/2008 6.52% 0.00% 0.00% 0.00% 0.00% 0.00% 93.48% 0.00% 0.00% 0.00%

30/06/2007 1.79% 0.00% 0.00% 0.00% 0.00% 0.00% 98.21% 0.00% 0.00% 0.00%

Goldman Sachs JBWere Hedged Int Wsale Fund

JBW0021AU 30/06/2008 2.70% 0.00% 0.00% 0.00% 0.00% 0.00% 97.30% 0.00% 0.00% 0.00%

30/06/2007 3.60% 0.00% 0.00% 0.00% 0.00% 0.00% 96.40% 0.00% 0.00% 0.00%

Goldman Sachs JBWere Income Plus Wsale Fund

JBW0016AU 30/06/2008 27.10% 51.65% 7.74% 0.00% 6.78% 0.00% 0.00% 0.00% 0.00% 6.73%

30/06/2007 36.81% 47.32% 7.74% 0.00% 8.13% 0.00% 0.00% 0.00% 0.00% 0.00%

Goldman Sachs JBWere Intl Wsale Fund

JBW0014AU 30/06/2008 2.70% 0.00% 0.00% 0.00% 0.00% 0.00% 97.30% 0.00% 0.00% 0.00%

30/06/2007 3.60% 0.00% 0.00% 0.00% 0.00% 0.00% 96.40% 0.00% 0.00% 0.00%

Goldman Sachs JBWere Leaders Fund

JBW0011AU 30/06/2008 0.67% 0.00% 0.00% 0.00% 0.00% 99.33% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.56% 0.00% 0.00% 0.00% 0.00% 97.44% 0.00% 0.00% 0.00% 0.00%

Goldman Sachs JBWere Prop Securities WSale Fd

JBW0108AU 30/06/2008 3.67% 0.00% 0.00% 0.00% 96.33% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.62% 0.00% 0.00% 0.00% 97.38% 0.00% 0.00% 0.00% 0.00% 0.00%

Great Southern Rural Opportunities Fund

RFM0103AU 30/06/2008 14.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 86.00%


GSJBW Core Plus Australian Fixed Income Fund Ord

JBW0038AU 30/06/2008 22.34% 67.18% 10.48% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%


GVI Global Industrial Share Fund

TGP0004AU 30/06/2008 16.51% 0.00% 0.00% 0.00% 0.00% 0.00% 83.49% 0.00% 0.00% 0.00%

30/06/2007 10.90% 0.00% 0.00% 0.00% 0.00% 0.00% 89.10% 0.00% 0.00% 0.00%

HFA Accelerator Plus Limited

HFL0003AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a


HFA Australia Shares Fund Wholesale

HFL0002AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a


HFA Diversified Inv Fund (WSale Hedged Units)

HFL0104AU 30/06/2008 25.90% 0.00% 23.50% 0.00% 0.00% 0.10% 50.50% 0.00% 0.00% 0.00%

30/06/2007 20.30% 0.00% 24.60% 0.00% 0.00% 0.80% 54.30% 0.00% 0.00% 0.00%

HFA Equities Fund HFL0101AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a


HFA International Shares Fund

HFL0108AU 30/06/2008 51.70% 0.00% 0.00% 0.00% 0.00% 0.00% 48.30% 0.00% 0.00% 0.00%

30/06/2007 11.30% 0.00% 0.00% 0.00% 0.00% 0.00% 88.70% 0.00% 0.00% 0.00%

HFA Partners Fund HFL0007AU 30/06/2008 21.20% 0.00% 31.50% 0.00% 0.00% 0.00% 47.30% 0.00% 0.00% 0.00%

30/06/2007 9.70% 0.00% 36.90% 0.00% 0.00% 0.00% 53.40% 0.00% 0.00% 0.00%

Hunter Hall Global Ethical Trust

HHA0002AU 30/06/2008 27.26% 0.00% 0.00% 0.00% 0.00% 0.00% 72.74% 0.00% 0.00% 0.00%

30/06/2007 11.45% 0.00% 0.00% 0.00% 0.00% 0.00% 88.55% 0.00% 0.00% 0.00%

Hunter Hall Value Growth Trust

HOW0002AU 30/06/2008 19.70% 0.00% 0.00% 0.00% 0.00% 18.93% 61.37% 0.00% 0.00% 0.00%

30/06/2007 7.21% 0.00% 0.00% 0.00% 0.00% 13.61% 79.18% 0.00% 0.00% 0.00%

Hyperion Australian Growth Companies Fund

BNT0003AU 30/06/2008 1.51% 0.00% 0.00% 0.00% 0.00% 98.49% 0.00% 0.00% 0.00% 0.00%

30/06/2007 7.68% 0.00% 0.00% 0.00% 0.00% 92.32% 0.00% 0.00% 0.00% 0.00%

Hyperion Small Growth Companies Fund

BNT0101AU 30/06/2008 3.05% 0.00% 0.00% 0.00% 0.00% 96.95% 0.00% 0.00% 0.00% 0.00%

30/06/2007 6.67% 0.00% 0.00% 0.00% 0.00% 93.33% 0.00% 0.00% 0.00% 0.00%

Income-Plus Fund BEG0001AU 30/06/2008 50.00% 0.00% 0.00% 0.00% 0.00% 3.00% 0.00% 0.00% 0.00% 47.00%

30/06/2007 31.00% 0.00% 0.00% 0.00% 0.00% 8.00% 16.00% 0.00% 0.00% 45.00%

ING Blue Chip Imputation Trust

MMF0012AU 30/06/2008 0.20% 0.00% 0.00% 0.00% 0.00% 99.80% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.10% 0.00% 0.00% 0.00% 0.00% 99.90% 0.00% 0.00% 0.00% 0.00%

ING Diversified High Yield Trust – Wsale Units

MMF0708AU 30/06/2008 0.00% 92.60% 7.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 7.30% 79.80% 12.90% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

38


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

ING Enhanced Cash Fund

MMF0341AU 30/06/2008 5.10% 94.90% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 6.00% 94.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

ING Resource Opportunities Trust

MMF0064AU 30/06/2008 0.90% 0.00% 0.00% 0.00% 0.00% 99.10% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.20% 0.00% 0.00% 0.00% 0.00% 99.80% 0.00% 0.00% 0.00% 0.00%

ING Tax Effective Income Trust

AJF0003AU 30/06/2008 4.50% 30.90% 0.50% 0.00% 22.60% 41.50% 0.00% 0.00% 0.00% 0.00%

30/06/2007 7.60% 23.00% 0.40% 0.00% 28.60% 40.40% 0.00% 0.00% 0.00% 0.00%

ING Wholesale Capital Stable Trust

MMF0114AU 30/06/2008 40.80% 35.30% 7.00% 0.00% 1.30% 13.20% 1.80% 0.00% 0.00% 0.60%

30/06/2007 47.10% 22.80% 8.70% 0.00% 3.10% 15.60% 2.70% 0.00% 0.00% 0.00%

ING Wholesale Global High Dividend Fund

HML0014AU 30/06/2008 5.00% 0.00% 0.00% 0.00% 0.00% 6.80% 88.20% 0.00% 0.00% 0.00%

30/06/2007 4.90% 0.00% 0.00% 0.00% 0.00% 8.00% 87.10% 0.00% 0.00% 0.00%

ING Wholesale Global Prop Sec Fund

HML0016AU 30/06/2008 5.30% 0.00% 0.00% 0.00% 90.50% 0.00% 0.00% 0.00% 0.00% 4.20%

30/06/2007 11.60% 0.00% 0.00% 0.00% 88.40% 0.00% 0.00% 0.00% 0.00% 0.00%

ING Wsale Australian Share Trust

AJF0804AU 30/06/2008 0.50% 0.00% 0.00% 0.00% 0.00% 99.50% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.20% 0.00% 0.00% 0.00% 0.00% 99.80% 0.00% 0.00% 0.00% 0.00%

ING Wsale Balanced Trust

AJF0802AU 30/06/2008 18.30% 17.40% 1.10% 0.00% 3.10% 37.80% 18.60% 0.00% 0.00% 3.70%

30/06/2007 15.30% 14.50% 2.80% 0.00% 6.70% 37.00% 23.70% 0.00% 0.00% 0.00%

ING Wsale Blue Chip Imputation Fund

MMF0340AU 30/06/2008 0.70% 0.00% 0.00% 0.00% 0.00% 99.30% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.10% 0.00% 0.00% 0.00% 0.00% 98.90% 0.00% 0.00% 0.00% 0.00%

ING Wsale Diversified Fixed Interest Fund

ANZ0212AU 30/06/2008 0.00% 55.00% 45.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 53.00% 47.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

ING Wsale Emerging Companies Trust

MMF0112AU 30/06/2008 0.20% 0.00% 0.00% 0.00% 0.00% 99.80% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.20% 0.00% 0.00% 0.00% 0.00% 99.80% 0.00% 0.00% 0.00% 0.00%

ING Wsale Fixed Interest Trust

MMF0075AU 30/06/2008 0.20% 99.80% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 3.80% 96.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

ING Wsale Global Emerging Markets Share Trust

MMF0275AU 30/06/2008 4.30% 0.00% 0.00% 0.00% 0.00% 0.00% 95.70% 0.00% 0.00% 0.00%

30/06/2007 3.80% 0.00% 0.00% 0.00% 0.00% 0.00% 96.20% 0.00% 0.00% 0.00%

ING Wsale Global Share Fund

MMF0343AU 30/06/2008 0.20% 0.00% 0.00% 0.00% 0.00% 0.00% 99.80% 0.00% 0.00% 0.00%

30/06/2007 0.10% 0.00% 0.00% 0.00% 0.00% 0.00% 99.90% 0.00% 0.00% 0.00%

ING Wsale High Growth Fund

MMF0342AU 30/06/2008 0.70% 0.00% 0.00% 0.00% 0.00% 51.50% 47.80% 0.00% 0.00% 0.00%

30/06/2007 1.30% 0.00% 0.00% 0.00% 0.00% 48.60% 50.10% 0.00% 0.00% 0.00%

ING Wsale Managed Growth Trust

MMF0115AU 30/06/2008 11.10% 12.80% 1.60% 0.00% 6.00% 39.30% 24.00% 0.00% 0.00% 5.20%

30/06/2007 9.10% 9.60% 2.80% 0.00% 12.20% 37.30% 29.00% 0.00% 0.00% 0.00%

ING Wsale Select Leaders Trust

ANZ0216AU 30/06/2008 0.30% 0.00% 0.00% 0.00% 0.00% 99.70% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.90% 0.00% 0.00% 0.00% 0.00% 99.10% 0.00% 0.00% 0.00% 0.00%

Intech Intl High Opportunities Trust

INT0069AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

Integrity Australian Share Fund

ITG0001AU 30/06/2008 3.27% 0.00% 0.00% 0.00% 2.10% 94.63% 0.00% 0.00% 0.00% 0.00%


Invesco Wholesale Asian Share Fund

GTU0009AU 30/06/2008 3.80% 0.00% 0.00% 0.00% 0.00% 0.00% 96.20% 0.00% 0.00% 0.00%

30/06/2007 3.27% 0.00% 0.00% 0.00% 0.00% 0.00% 96.73% 0.00% 0.00% 0.00%

Invesco Wholesale Australian Share Fund

CNA0811AU 30/06/2008 0.70% 0.00% 0.00% 0.00% 0.00% 99.30% 0.00% 0.00% 0.00% 0.00%

30/06/2007 3.09% 0.00% 0.00% 0.00% 0.00% 96.91% 0.00% 0.00% 0.00% 0.00%

Invesco Wholesale Global Property Securities Fund

GTU0041AU 30/06/2008 20.90% 0.00% 0.00% 0.00% 79.10% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 20.30% 0.00% 0.00% 0.00% 79.70% 0.00% 0.00% 0.00% 0.00% 0.00%

Invesco Wsale Aust Smaller Co Fund

CNA0812AU 30/06/2008 5.70% 0.00% 0.00% 0.00% 0.00% 94.30% 0.00% 0.00% 0.00% 0.00%

30/06/2007 3.46% 0.00% 0.00% 0.00% 0.00% 96.54% 0.00% 0.00% 0.00% 0.00%

Invesco Wsale Global Fixed Interest Fund

GTU0021AU 30/06/2008 1.50% 0.00% 98.50% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 13.86% 0.00% 86.14% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Invesco Wsale Global Matrix fund – Hedged

GTU0008AU 30/06/2008 5.00% 0.00% 0.00% 0.00% 0.00% 0.00% 95.00% 0.00% 0.00% 0.00%

30/06/2007 7.86% 0.00% 0.00% 0.00% 0.00% 0.00% 92.14% 0.00% 0.00% 0.00%

Invesco Wsale Global Matrix Fund – Unhedged

GTU0102AU 30/06/2008 4.70% 0.00% 0.00% 0.00% 0.00% 0.00% 95.30% 0.00% 0.00% 0.00%

30/06/2007 5.26% 0.00% 0.00% 0.00% 0.00% 0.00% 94.74% 0.00% 0.00% 0.00%


39


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

Investors Mutual Australian Share Fund

IML0002AU 30/06/2008 9.60% 0.00% 0.00% 0.00% 0.00% 90.40% 0.00% 0.00% 0.00% 0.00%

30/06/2007 5.96% 0.00% 0.00% 0.00% 0.00% 94.04% 0.00% 0.00% 0.00% 0.00%

Investors Mutual Australian Smaller Companies Fund

IML0001AU 30/06/2008 11.67% 0.00% 0.00% 0.00% 0.00% 88.33% 0.00% 0.00% 0.00% 0.00%

30/06/2007 12.28% 0.00% 0.00% 0.00% 0.00% 87.72% 0.00% 0.00% 0.00% 0.00%

Investors Mutual Future Leaders Fund

IML0003AU 30/06/2008 13.94% 0.00% 0.00% 0.00% 0.00% 86.06% 0.00% 0.00% 0.00% 0.00%

30/06/2007 11.31% 0.00% 0.00% 0.00% 0.00% 88.69% 0.00% 0.00% 0.00% 0.00%

Investors Mutual Industrial Share Fund

IML0004AU 30/06/2008 10.26% 0.00% 0.00% 0.00% 0.00% 89.74% 0.00% 0.00% 0.00% 0.00%

30/06/2007 8.65% 0.00% 0.00% 0.00% 0.00% 91.35% 0.00% 0.00% 0.00% 0.00%

Investors Mutual Small Cap Fund

IML0006AU 30/06/2008 19.86% 0.00% 0.00% 0.00% 0.00% 80.14% 0.00% 0.00% 0.00% 0.00%

30/06/2007 36.19% 0.00% 0.00% 0.00% 0.00% 63.81% 0.00% 0.00% 0.00% 0.00%

Investors Mutual Value & Income Fund

IML0005AU 30/06/2008 17.30% 0.00% 0.00% 0.00% 0.00% 43.80% 38.90% 0.00% 0.00% 0.00%

30/06/2007 19.50% 0.00% 0.00% 0.00% 0.00% 46.10% 34.40% 0.00% 0.00% 0.00%

JANA Australian Share Long Short Trust

MLC0672AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%


JANA Global Share Long Short Trust

MLC0673AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%


K2 Asian Absolute Return Fund

KAM0100AU 30/06/2008 64.90% 0.00% 0.00% 0.00% 0.00% 3.40% 31.70% 0.00% 0.00% 0.00%

30/06/2007 44.60% 0.00% 0.00% 0.00% 0.00% 17.00% 38.40% 0.00% 0.00% 0.00%

K2 Australian Absolute Return Fund

KAM0101AU 30/06/2008 64.30% 0.00% 0.00% 0.00% 0.00% 35.70% 0.00% 0.00% 0.00% 0.00%

30/06/2007 30.30% 0.00% 0.00% 0.00% 0.00% 69.70% 0.00% 0.00% 0.00% 0.00%

K2 Select International ARF

ETL0046AU 30/06/2008 57.50% 0.00% 0.00% 0.00% 0.00% 8.50% 34.00% 0.00% 0.00% 0.00%

30/06/2007 33.50% 0.00% 0.00% 0.00% 0.00% 16.90% 49.60% 0.00% 0.00% 0.00%

Kinetic Wsale Emerging Companies Fund

HOW0036AU 30/06/2008 5.72% 0.00% 0.00% 0.00% 0.00% 94.28% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.64% 0.00% 0.00% 0.00% 0.00% 97.36% 0.00% 0.00% 0.00% 0.00%

Kinetic Wsale Small Companies Fund (CNA)

HBC0006AU 30/06/2008 5.47% 0.00% 0.00% 0.00% 0.00% 94.53% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.94% 0.00% 0.00% 0.00% 0.00% 98.06% 0.00% 0.00% 0.00% 0.00%

Lazard Australian Equity Fund W Class

LAZ0010AU 30/06/2008 2.36% 0.00% 0.00% 0.00% 0.00% 97.64% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.70% 0.00% 0.00% 0.00% 0.00% 97.30% 0.00% 0.00% 0.00% 0.00%

Lazard Global Equity (ex Australia) – I Class

LAZ0001AU 30/06/2008 2.97% 0.00% 0.00% 0.00% 0.00% 0.00% 97.03% 0.00% 0.00% 0.00%

30/06/2007 3.97% 0.00% 0.00% 0.00% 0.00% 0.00% 96.03% 0.00% 0.00% 0.00%

Lazard Global Small Cap Fund W Class

LAZ0012AU 30/06/2008 1.25% 0.00% 0.00% 0.00% 0.00% 0.00% 98.75% 0.00% 0.00% 0.00%

30/06/2007 4.84% 0.00% 0.00% 0.00% 0.00% 0.00% 95.16% 0.00% 0.00% 0.00%

Lazard Select Australian Equity Fund W Class

LAZ0013AU 30/06/2008 1.43% 0.00% 0.00% 0.00% 0.00% 98.57% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.85% 0.00% 0.00% 0.00% 0.00% 98.15% 0.00% 0.00% 0.00% 0.00%

Legg Mason Australian Bond Trust

SSB0122AU 30/06/2008 1.40% 98.60% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 4.23% 95.77% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Legg Mason Australian Credit Trust

SSB0123AU 30/06/2008 2.00% 98.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.79% 99.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Legg Mason Australian Equity Trust

SSB0125AU 30/06/2008 0.48% 0.00% 0.00% 0.00% 0.00% 99.52% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.40% 0.00% 0.00% 0.00% 0.00% 97.60% 0.00% 0.00% 0.00% 0.00%

Legg Mason Diversified FI Trust

JPM0018AU 30/06/2008 0.29% 54.87% 44.84% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.10% 51.88% 48.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Legg Mason Diversified Trust

JPM0008AU 30/06/2008 4.73% 11.42% 11.45% 0.00% 9.56% 36.44% 22.91% 0.00% 0.00% 3.49%

30/06/2007 6.26% 20.86% 9.75% 0.00% 9.84% 28.28% 25.01% 0.00% 0.00% 0.00%

Legg Mason Property Securities Trust

SSB0128AU 30/06/2008 2.95% 0.00% 0.00% 0.00% 97.05% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.30% 0.00% 0.00% 0.00% 99.70% 0.00% 0.00% 0.00% 0.00% 0.00%

Legg Mason Tactical Allocation Trust

SSB0130AU 30/06/2008 0.00% 35.00% 0.00% 0.00% 0.00% 65.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 121.10% 0.00% 0.00% 0.00% -21.10% 0.00% 0.00% 0.00% 0.00%

Legg Mason Wholesale Defensive Trust

SSB0001AU 30/06/2008 14.18% 30.60% 30.87% 0.00% 4.49% 12.02% 7.84% 0.00% 0.00% 0.00%

30/06/2007 15.28% 34.80% 27.50% 0.00% 4.88% 9.56% 7.98% 0.00% 0.00% 0.00%

Leveraged Investment Companies Fund

BEG0002AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

40


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

Life Settlements Wholesale Fund

LFS0001AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

LM Wholesale Mortgage Income Fd 12 mths

LMI0008AU 30/06/2008 5.00% 0.00% 0.00% 95.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 6.00% 0.00% 0.00% 94.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

LM Wsale Mortgage Income Fund

LMI0007AU 30/06/2008 5.00% 0.00% 0.00% 95.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 6.00% 0.00% 0.00% 94.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Macarthur Cook Diversified Prop Income

MCK0002AU 30/06/2008 7.72% 0.00% 0.00% 0.00% 65.94% 0.00% 0.00% 26.34% 0.00% 0.00%

30/06/2007 10.33% 0.00% 0.00% 0.00% 38.17% 0.00% 0.00% 48.08% 0.00% 3.42%

Macquarie Aust Small Caps Incentive Fund

MAQ0479AU 30/06/2008 0.15% 0.00% 0.00% 0.00% 3.20% 96.65% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Aust Smaller Companies Fund

MAQ0454AU 30/06/2008 0.15% 0.00% 0.00% 0.00% 3.20% 96.65% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Australian Equity Income Fund (formerly MQ Buy Write Fund)

MAQ0452AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Direct Property Fund

MAQ0448AU 30/06/2008 1.62% 0.00% 0.00% 0.00% 2.73% 0.00% 0.00% 93.02% 0.00% 2.63%

30/06/2007 1.95% 0.00% 0.00% 0.00% 9.67% 0.00% 0.00% 83.64% 0.00% 4.74%

Macquarie Direct Property No. 11 – East Coast Port


30/06/2007 1.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 97.34% 0.00% 1.40%

Macquarie Diversified Private Equity Fund – Accumulation 2003

MAQ0282AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

Macquarie Diversified Private Equity Fund – Accumulation 2004

MAQ0322AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

Macquarie Diversified Private Equity Fund – Pension 2003

MAQ0283AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

Macquarie Diversified Treasury (AA) No1

MAQ0312AU 30/06/2008 31.92% 68.08% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 11.45% 88.55% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Diversified Treasury Fund No.1

MAQ0223AU 30/06/2008 26.95% 73.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 12.55% 87.45% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Enhanced Resource & Commodity Securities – Series 3

MBL0001AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

Macquarie Enhanced Resource & Commodity Securities – Series 4

MBL0002AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

Macquarie Equinox Limited – Class B Shares

MAQ0001BM 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Equinox Limited – Class C Shares

MAQ0002BM 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Fortress Fund

MAQ0352AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

Macquarie Global Infrastructure Trust

MAQ0222AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

Macquarie Global Infrastructure Trust II

MAQ0353AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

Macquarie Global Private Equity Sec Fund

MAQ0447AU 30/06/2008 11.98% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 88.02%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

Macquarie Global Prop Sec Fund Hedged

MAQ0436AU 30/06/2008 11.37% 0.00% 0.00% 0.00% 88.63% 0.00% 0.00% 0.00% 0.00% 0.00%


Macquarie Globalis BRIC Adv Hedged




41


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

Macquarie Globalis BRIC Adv Unhedged

MAQ0474AU 30/06/2008 69.00% 0.00% 0.00% 0.00% 0.00% 0.00% 31.00% 0.00% 0.00% 0.00%

30/06/2007 1.00% 0.00% 0.00% 0.00% 0.00% 0.00% 99.00% 0.00% 0.00% 0.00%

Macquarie Income Opportunities Fund

MAQ0277AU 30/06/2008 27.34% 75.24% -2.58% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 37.20% 63.95% -1.15% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Income Plus Fund No 1

MAQ0325AU 30/06/2008 18.33% 81.67% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 18.01% 81.99% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Index-Linked Prop Sec Fund

MAQ0431AU 30/06/2008 2.01% 0.00% 0.00% 0.00% 97.99% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Macquarie International Infrastructure Securities Fund

MAQ0432AU 30/06/2008 0.26% 0.00% 0.00% 0.00% 0.00% 0.00% 99.74% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

Macquarie Martin Place Trust

MAQ0270AU 30/06/2008 0.45% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 98.08% 0.00% 1.48%

30/06/2007 2.11% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 97.71% 0.00% 0.18%

Macquarie Master Active Aust Equity Fund

MAQ0062AU 30/06/2008 0.14% 0.00% 0.00% 0.00% 4.90% 94.96% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Master Alpha Plus Fund

MAQ0278AU 30/06/2008 0.12% 0.00% 0.00% 0.00% 4.90% 94.98% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Master Aust Enhanced Equities Fund

MAQ0057AU 30/06/2008 0.38% 0.00% 0.00% 0.00% 6.52% 93.10% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Master Balanced Fund

MAQ0058AU 30/06/2008 10.75% 19.25% 10.25% 0.00% 9.43% 25.83% 12.08% 0.00% 0.00% 12.41%

30/06/2007 6.52% 15.97% 9.79% 0.00% 9.39% 29.31% 17.11% 0.00% 0.00% 11.91%

Macquarie Master Capital Stable Fund

MAQ0059AU 30/06/2008 43.44% 29.41% 8.55% 0.00% 4.42% 8.58% 1.39% 0.00% 0.00% 4.21%

30/06/2007 37.63% 28.30% 7.54% 0.00% 4.53% 10.76% 7.21% 0.00% 0.00% 4.03%

Macquarie Master Cash Fund

MAQ0187AU 30/06/2008 91.12% 8.88% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Master Cash Plus Fund

MAQ0060AU 30/06/2008 35.82% 64.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 36.35% 63.65% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Master Diversified Fixed Interest Fund

MAQ0274AU 30/06/2008 15.59% 32.45% 51.96% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 66.33% 29.31% 4.36% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Master Fixed Interest Fund

MAQ0061AU 30/06/2008 27.66% 72.34% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 3.97% 96.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Master Geared Growth Fund

MAQ0271AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 4.96% 95.04% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Master Imputation Fund

MAQ0086AU 30/06/2008 0.08% 0.00% 0.00% 0.00% 4.96% 94.96% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Master Property Sec Fund

MAQ0063AU 30/06/2008 7.77% 0.00% 0.00% 0.00% 92.23% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Master Small Companies Fund

MAQ0085AU 30/06/2008 0.15% 0.00% 0.00% 0.00% 3.20% 96.65% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Private Equity Trust



Macquarie Private Equity Trust II



Macquarie Property Income Fund

MAQ0300AU 30/06/2008 11.60% 0.00% 0.00% 0.00% 88.40% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 9.53% 0.00% 0.00% 0.00% 90.47% 0.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Treasury Fund

MAQ0055AU 30/06/2008 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Macquarie True Index Aust Fixed Interest

MAQ0211AU 30/06/2008 28.16% 71.84% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 8.27% 91.73% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Macquarie True Index Australian Shares Fund

MAQ0288AU 30/06/2008 0.10% 0.00% 0.00% 0.00% 6.99% 92.91% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

42


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

Macquarie True Index Global Bond Fund

MAQ0266AU 30/06/2008 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Macquarie True Index Linked Aust Share

MAQ0455AU 30/06/2008 0.07% 0.00% 0.00% 0.00% 0.00% 99.91% 0.01% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

Macquarie True Index Property Securities

MAQ0219AU 30/06/2008 5.27% 0.00% 0.00% 0.00% 94.73% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Macquarie Wrap Solutions Cash Account



Magellan Global Fund MGE0001AU 30/06/2008 23.87% 0.00% 0.00% 0.00% 0.00% 0.78% 75.35% 0.00% 0.00% 0.00%


Magellan Infrastructure Fund

MGE0002AU 30/06/2008 24.11% 0.00% 0.00% 0.00% 0.00% 24.22% 51.67% 0.00% 0.00% 0.00%


Maple-Brown Abbott Divers Invest Trust

MPL0001AU 30/06/2008 14.00% 19.00% 0.00% 0.00% 5.00% 39.00% 20.00% 0.00% 3.00% 0.00%

30/06/2007 18.00% 16.00% 0.00% 0.00% 6.00% 37.00% 21.00% 0.00% 2.00% 0.00%

Mariner Wholesale Mortgage Trust

MRN0003AU 30/06/2008 22.25% 0.00% 0.00% 77.75% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 39.76% 0.00% 0.00% 60.24% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Maxim Property Securities Fund

COL0001AU 30/06/2008 7.00% 0.00% 0.00% 0.00% 80.58% 0.00% 0.00% 12.42% 0.00% 0.00%

30/06/2007 4.63% 0.00% 0.00% 0.00% 88.41% 0.00% 0.00% 6.96% 0.00% 0.00%

MCG Select Portfolio SLT0010AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a


Mercer Australian Shares Plus Fund

MIN0020AU 30/06/2008 1.47% 0.00% 0.00% 0.00% 0.00% 98.53% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.07% 0.00% 0.00% 0.00% 0.00% 97.93% 0.00% 0.00% 0.00% 0.00%

Mercer Diversified Alternatives Fund

MIN0026AU 30/06/2008 1.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 98.97%

30/06/2007 0.37% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 99.63%

Mercer Growth Plus Fund

MIN0021AU 30/06/2008 4.42% 2.70% 7.79% 0.00% 4.80% 27.39% 26.52% 2.33% 0.00% 24.05%

30/06/2007 3.74% 2.47% 7.41% 0.00% 8.09% 31.77% 31.34% 0.00% 0.00% 15.18%

Mercer Income Plus Fund

MIN0027AU 30/06/2008 10.01% 16.02% 31.20% 0.00% 7.45% 3.88% 0.00% 9.10% 0.00% 22.34%

30/06/2007 5.13% 10.00% 39.78% 0.00% 5.86% 6.00% 0.00% 9.13% 0.00% 24.11%

MFS Global Equity Fund

MIA0001AU 30/06/2008 2.57% 0.00% 0.00% 0.00% 0.00% 0.17% 97.26% 0.00% 0.00% 0.00%

30/06/2007 1.49% 0.00% 0.00% 0.00% 0.00% 0.41% 98.10% 0.00% 0.00% 0.00%

Mirvac Aqua Enhanced Income Fund

JFF0003AU 30/06/2008 53.47% 0.00% 0.00% 46.53% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%


Mirvac Aqua High Income Fund

JFF0001AU 30/06/2008 46.79% 0.00% 0.00% 53.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 12.72% 0.00% 0.00% 87.28% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Mirvac Aqua Income Fund

JFF0002AU 30/06/2008 28.41% 0.00% 0.00% 71.59% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 14.91% 0.00% 0.00% 85.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

MLC Platinum Global Fund

MLC0317AU 30/06/2008 2.90% 0.00% 0.00% 0.00% 0.00% 0.00% 97.10% 0.00% 0.00% 0.00%

30/06/2007 0.27% 0.00% 0.00% 0.00% 0.00% 0.00% 99.73% 0.00% 0.00% 0.00%

MLC Wholesale Australian Share Fund

MLC0262AU 30/06/2008 0.50% 0.00% 0.00% 0.00% 0.00% 99.50% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.01% 0.00% 0.00% 0.00% 0.00% 99.99% 0.00% 0.00% 0.00% 0.00%

MLC Wholesale Global Share Fund

MLC0261AU 30/06/2008 1.30% 0.00% 0.00% 0.00% 0.00% 0.00% 98.70% 0.00% 0.00% 0.00%

30/06/2007 0.29% 0.00% 0.00% 0.00% 0.00% 0.00% 99.71% 0.00% 0.00% 0.00%

MLC Wholesale IncomeBuilder

MLC0264AU 30/06/2008 0.50% 0.00% 0.00% 0.00% 0.00% 99.50% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.27% 0.00% 0.00% 0.00% 0.00% 99.73% 0.00% 0.00% 0.00% 0.00%

MLC Wholesale Property Securities Fund

MLC0263AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.27% 0.00% 0.00% 0.00% 99.73% 0.00% 0.00% 0.00% 0.00% 0.00%

MLC Wsale Aust Share Growth Style Fund

MLC0623AU 30/06/2008 0.50% 0.00% 0.00% 0.00% 0.00% 99.50% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.03% 0.00% 0.00% 0.00% 0.00% 99.97% 0.00% 0.00% 0.00% 0.00%

MLC Wsale Aust Share Value Style Fund

MLC0624AU 30/06/2008 2.90% 0.00% 0.00% 0.00% 0.00% 97.10% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.05% 0.00% 0.00% 0.00% 0.00% 99.95% 0.00% 0.00% 0.00% 0.00%

MLC Wsale Capital Intl Global Share Fund

MLC0316AU 30/06/2008 0.10% 0.00% 0.00% 0.00% 0.00% 0.00% 99.90% 0.00% 0.00% 0.00%

30/06/2007 0.31% 0.00% 0.00% 0.00% 0.00% 0.00% 99.69% 0.00% 0.00% 0.00%


43


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

MLC Wsale Global Share Value Style Fund

MLC0626AU 30/06/2008 1.00% 0.00% 0.00% 0.00% 0.00% 0.00% 99.00% 0.00% 0.00% 0.00%

30/06/2007 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 99.98% 0.00% 0.00% 0.00%

MLC Wsale Horizon 3 Cons Growth Pfolio

MLC0398AU 30/06/2008 2.10% 31.60% 18.00% 0.00% 2.80% 20.40% 24.10% 0.00% 0.00% 1.00%

30/06/2007 1.70% 31.15% 17.75% 0.00% 2.90% 21.00% 24.60% 0.00% 0.00% 0.91%

MLC Wsale Horizon 4 Balanced Portfolio

MLC0260AU 30/06/2008 1.20% 15.70% 14.20% 0.00% 3.70% 30.40% 31.50% 0.00% 0.00% 3.30%

30/06/2007 0.90% 15.30% 14.20% 0.00% 4.10% 30.70% 31.90% 0.00% 0.00% 2.90%

MLC Wsale Horizon 5 Growth Portfolio

MLC0265AU 30/06/2008 0.40% 7.40% 8.00% 0.00% 3.00% 34.20% 43.50% 0.00% 0.00% 3.50%

30/06/2007 0.70% 7.10% 7.70% 0.00% 3.00% 34.90% 43.90% 0.00% 0.00% 2.70%

MLC Wsale Horizon 6 Share Portfolio

MLC0397AU 30/06/2008 3.50% 0.00% 0.00% 0.00% 0.00% 38.40% 55.10% 0.00% 0.00% 3.00%

30/06/2007 0.80% 0.00% 0.00% 0.00% 0.00% 39.70% 57.00% 0.00% 0.00% 2.50%

MLC Wsale Horizon 7 Acclerated Gth Pfolio

MLC0449AU 30/06/2008 6.10% 0.00% 0.00% -30.80% 0.00% 50.00% 71.90% 0.00% 0.00% 2.80%

30/06/2007 1.10% 0.00% 0.00% -30.60% 0.00% 52.40% 74.60% 0.00% 0.00% 2.50%

MMC Property Securities Fund

MMC0103AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

MMC Small Companies Fund

AMS0100AU 30/06/2008 18.80% 0.00% 0.00% 0.00% 0.35% 79.44% 1.41% 0.00% 0.00% 0.00%

30/06/2007 16.92% 0.00% 0.00% 0.00% 2.49% 74.77% 5.82% 0.00% 0.00% 0.00%

MMC Wholesale Australian Share Fund

MMC0100AU 30/06/2008 35.47% 0.00% 0.00% 0.00% 0.76% 45.19% 11.98% 0.00% 0.00% 6.60%

30/06/2007 55.38% 0.00% 0.00% 0.00% 7.61% 30.47% 6.54% 0.00% 0.00% 0.00%

Morgan Stanley Global Franchise Fund

MAQ0404AU 30/06/2008 1.60% 0.00% 0.00% 0.00% 0.00% 0.00% 98.40% 0.00% 0.00% 0.00%

30/06/2007 4.43% 0.00% 0.00% 0.00% 0.00% 0.00% 95.57% 0.00% 0.00% 0.00%

MQ Asia Long Short Fund


30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 17.00% 83.00% 0.00% 0.00% 0.00%

MQ Multi-Strategy Fund


30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 47.00% 53.00% 0.00% 0.00% 0.00%

MQ Special Events Fund – Indirect



MQ Term Plus – MTP003

MAQ0522AU 30/06/2008 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%


MQ Term Plus – MTP004

MAQ0523AU 30/06/2008 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%


Multiplex Diversified Property Fund

MLP0001AU 30/06/2008 14.10% 0.00% 0.00% 0.00% 75.50% 0.00% 0.00% 10.40% 0.00% 0.00%

30/06/2007 0.30% 0.00% 0.00% 0.00% 92.40% 0.00% 0.00% 7.30% 0.00% 0.00%

Multiplex Property Income Fund

MLP0002AU 30/06/2008 11.00% 0.00% 0.00% 0.00% 11.00% 0.00% 0.00% 78.00% 0.00% 0.00%

30/06/2007 2.00% 0.00% 0.00% 0.00% 7.00% 0.00% 0.00% 91.00% 0.00% 0.00%

Octavia Wsale Premium Income Fd 6 mth

MFS0011AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 13.00% 13.00% 0.00% 31.00% 0.00% 0.00% 0.00% 0.00% 0.00% 43.00%

Octaviar Wsale Premium Income Fd 12 mth


30/06/2007 13.00% 13.00% 0.00% 31.00% 0.00% 0.00% 0.00% 0.00% 0.00% 43.00%

Octaviar Wsale Premium Income Fund


30/06/2007 13.00% 13.00% 0.00% 31.00% 0.00% 0.00% 0.00% 0.00% 0.00% 43.00%

OM IP 16eight MAN0024CK 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%

OM-IP 130 Plus Series

MAN0001CK 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%

OM-IP 140 PLUS MAN0014CK 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%

OM-IP 15seven Limited


30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%

OM-IP Eclipse Limited MAN0026CK 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

OM-IP Hedge Plus Fund


30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%

44


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

OM-IP MultiStrategy Limited


30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%

OM-IP Strategic Limited


30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%

OM-IP Strategic Series 4


30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%



30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%



30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%



30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%



30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%

OM-IP Stratum Limited


30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%

Opis Capital Dynamic Eqt Fnd

OPS0001AU 30/06/2008 27.70% 0.00% 0.00% 0.00% 0.00% 72.30% 0.00% 0.00% 0.00% 0.00%

30/06/2007 10.70% 0.00% 0.00% 0.00% 0.00% 89.30% 0.00% 0.00% 0.00% 0.00%

Opis Capital Premium Eqt Fnd

OPS0002AU 30/06/2008 32.10% 0.00% 0.00% 0.00% 0.00% 67.90% 0.00% 0.00% 0.00% 0.00%

30/06/2007 11.20% 0.00% 0.00% 0.00% 0.00% 88.80% 0.00% 0.00% 0.00% 0.00%

Optimix Whol Geared Aust Share – Class B

MMF0990AU 30/06/2008 1.40% 0.00% 0.00% 0.00% 0.00% 98.60% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.40% 0.00% 0.00% 0.00% 0.00% 98.60% 0.00% 0.00% 0.00% 0.00%

Optimix Wholesale Balanced Trust

LEF0107AU 30/06/2008 10.90% 11.00% 12.50% 0.00% 6.60% 33.60% 24.40% 0.00% 0.00% 1.00%

30/06/2007 5.00% 10.70% 5.90% 0.00% 10.90% 35.40% 32.10% 0.00% 0.00% 0.00%

Optimix Wsale Aust Share Trust Class A

LEF0043AU 30/06/2008 1.40% 0.00% 0.00% 0.00% 0.00% 98.60% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.40% 0.00% 0.00% 0.00% 0.00% 98.60% 0.00% 0.00% 0.00% 0.00%

Optimix Wsale Australian Fixed Int Trust

LEF0104AU 30/06/2008 44.90% 55.10% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 32.70% 67.30% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Optimix Wsale Australian Property Securities Trust

LEF0101AU 30/06/2008 5.60% 0.00% 0.00% 0.00% 94.40% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.80% 0.00% 0.00% 0.00% 97.20% 0.00% 0.00% 0.00% 0.00% 0.00%

Optimix Wsale Australian Share Trust

LEF0102AU 30/06/2008 1.40% 0.00% 0.00% 0.00% 0.00% 98.60% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.40% 0.00% 0.00% 0.00% 0.00% 98.60% 0.00% 0.00% 0.00% 0.00%

Optimix Wsale Conservative Trust

LEF0108AU 30/06/2008 27.60% 28.10% 15.70% 0.00% 3.60% 13.30% 11.70% 0.00% 0.00% 0.00%

30/06/2007 26.90% 25.80% 8.60% 0.00% 8.00% 14.40% 16.30% 0.00% 0.00% 0.00%

Optimix Wsale Enhanced Cash Trust

LEF0105AU 30/06/2008 89.10% 10.20% 0.70% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 85.40% 13.90% 0.70% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Optimix Wsale Glb Shares Trust Class A

LEF0047AU 30/06/2008 2.50% 0.00% 0.00% 0.00% 0.00% 0.00% 97.50% 0.00% 0.00% 0.00%

30/06/2007 2.60% 0.00% 0.00% 0.00% 0.00% 0.00% 97.40% 0.00% 0.00% 0.00%

Optimix Wsale Global Share Trust

LEF0103AU 30/06/2008 2.50% 0.00% 0.00% 0.00% 0.00% 0.00% 97.50% 0.00% 0.00% 0.00%

30/06/2007 2.60% 0.00% 0.00% 0.00% 0.00% 0.00% 97.40% 0.00% 0.00% 0.00%

Optimix Wsale Global Smaller Companies Share Trust

LEF0173AU 30/06/2008 5.10% 0.00% 0.00% 0.00% 0.00% 0.00% 94.90% 0.00% 0.00% 0.00%

30/06/2007 4.40% 0.00% 0.00% 0.00% 0.00% 0.00% 95.60% 0.00% 0.00% 0.00%

Optimix Wsale Growth Trust

LEF0106AU 30/06/2008 7.50% 6.70% 10.00% 0.00% 6.60% 41.70% 26.50% 0.00% 0.00% 1.00%

30/06/2007 3.40% 5.80% 3.00% 0.00% 11.00% 43.60% 33.20% 0.00% 0.00% 0.00%

Optimix Wsale High Growth Trust

LEF0100AU 30/06/2008 5.20% 0.00% 0.00% 0.00% 0.00% 55.00% 39.80% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 48.20% 51.80% 0.00% 0.00% 0.00%

Optimix Wsale Moderate Trust

LEF0027AU 30/06/2008 19.70% 21.70% 14.90% 0.00% 6.10% 23.20% 13.50% 0.00% 0.00% 0.90%

30/06/2007 13.80% 18.80% 12.70% 0.00% 9.10% 25.60% 20.00% 0.00% 0.00% 0.00%

Opus Income & Capital Fund No. 21

OPU0001AU 30/06/2008 2.10% 5.56% 0.00% 0.00% 0.00% 0.00% 0.00% 92.34% 0.00% 0.00%


Orb Technology ORB0001BM 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 86.49% 0.00% 0.00% 0.00% 0.00% 13.51% 0.00% 0.00% 0.00%


45


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

Orchard Hybrid Property Fund

SAI0001AU 30/06/2008 5.00% 0.00% 0.00% 0.00% 35.00% 0.00% 0.00% 60.00% 0.00% 0.00%

30/06/2007 2.00% 0.00% 0.00% 0.00% 50.00% 0.00% 0.00% 48.00% 0.00% 0.00%

Ord Minnett Enhanced Income Fund

ORD0005AU 30/06/2008 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Ord Minnett Global Dynamic Fund

ORD0007AU 30/06/2008 0.50% 0.00% 0.00% 0.00% 0.00% 0.00% 99.50% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

Ord Minnett hedged Global Dynamic Fund

ORD0008AU 30/06/2008 0.50% 0.00% 0.00% 0.00% 0.00% 0.00% 99.50% 0.00% 0.00% 0.00%


Ord Minnett Premium Yield Fund

ORD0006AU 30/06/2008 15.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 85.00%

30/06/2007 4.00% 0.00% 9.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 87.00%

Orion Wsale Australian Share fund

HOW0020AU 30/06/2008 1.17% 0.00% 0.00% 0.00% 0.00% 98.83% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.59% 0.00% 0.00% 0.00% 0.00% 98.41% 0.00% 0.00% 0.00% 0.00%

Patriot Australian Share Fund

PAT0001AU 30/06/2008 9.90% 0.00% 0.00% 0.00% 0.00% 90.10% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.59% 0.00% 0.00% 0.00% 0.00% 97.41% 0.00% 0.00% 0.00% 0.00%

Patriot Small Companies Fund

PAT0002AU 30/06/2008 12.00% 0.00% 0.00% 0.00% 0.00% 88.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.68% 0.00% 0.00% 0.00% 0.00% 99.32% 0.00% 0.00% 0.00% 0.00%

Pengana Absolute Return Real Estate Fund

PER0282AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Pengana Emerging Companies Fund

PER0270AU 30/06/2008 7.73% 0.00% 0.00% 0.00% 0.00% 92.27% 0.00% 0.00% 0.00% 0.00%

30/06/2007 3.12% 0.00% 0.00% 0.00% 0.00% 96.88% 0.00% 0.00% 0.00% 0.00%

Pengana Property Securities Fund

PER0076AU 30/06/2008 2.51% 0.00% 0.00% 0.00% 93.42% 0.21% 3.86% 0.00% 0.00% 0.00%

30/06/2007 3.60% 0.00% 0.00% 0.00% 96.40% 0.00% 0.00% 0.00% 0.00% 0.00%

Perennial Asian Shares Wsale Trust

IOF0203AU 30/06/2008 1.09% 0.00% 0.00% 0.00% 0.00% 0.00% 98.91% 0.00% 0.00% 0.00%

30/06/2007 3.67% 0.00% 0.00% 0.00% 0.00% 0.00% 96.33% 0.00% 0.00% 0.00%

Perennial Aust Property Wsale Trust

IOF0044AU 30/06/2008 3.60% 0.00% 0.00% 0.00% 0.00% 0.00% 96.40% 0.00% 0.00% 0.00%

30/06/2007 2.37% 0.00% 0.00% 0.00% 97.63% 0.00% 0.00% 0.00% 0.00% 0.00%

Perennial Balanced Wsale Trust

IOF0104AU 30/06/2008 3.10% 23.40% 8.00% 0.00% 9.20% 34.00% 22.30% 0.00% 0.00% 0.00%

30/06/2007 6.88% 21.65% 7.08% 0.00% 9.10% 32.97% 22.32% 0.00% 0.00% 0.00%

Perennial Cash Enhanced Fund

IOF0111AU 30/06/2008 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Perennial Fixed Interest Wsale Trust

IOF0046AU 30/06/2008 3.19% 96.81% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 4.73% 95.27% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Perennial Global Property Wsale Trust

IOF0081AU 30/06/2008 0.90% 0.00% 0.00% 0.00% 99.10% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.13% 0.00% 0.00% 0.00% 98.87% 0.00% 0.00% 0.00% 0.00% 0.00%

Perennial Growth Shares Wsale Trust

IOF0048AU 30/06/2008 4.76% 0.00% 0.00% 0.00% 0.00% 95.24% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.74% 0.00% 0.00% 0.00% 0.00% 97.26% 0.00% 0.00% 0.00% 0.00%

Perennial Intl Shares Wsale Trust

IOF0045AU 30/06/2008 6.15% 0.00% 0.00% 0.00% 0.00% 93.85% 0.00% 0.00% 0.00% 0.00%

30/06/2007 8.66% 0.00% 0.00% 0.00% 0.00% 0.00% 91.34% 0.00% 0.00% 0.00%

Perennial Value High Yield Shares Trust

IOF0078AU 30/06/2008 6.10% 0.00% 0.00% 0.00% 0.00% 93.90% 0.00% 0.00% 0.00% 0.00%

30/06/2007 5.60% 0.00% 0.00% 0.00% 0.00% 94.40% 0.00% 0.00% 0.00% 0.00%

Perennial Value High Yield Shares Trust

IOF0078AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 5.60% 0.00% 0.00% 0.00% 0.00% 94.40% 0.00% 0.00% 0.00% 0.00%

Perennial Value Shares Wsale Trust

IOF0206AU 30/06/2008 2.70% 0.00% 0.00% 0.00% 0.00% 97.30% 0.00% 0.00% 0.00% 0.00%

30/06/2007 7.05% 0.00% 0.00% 0.00% 0.00% 92.95% 0.00% 0.00% 0.00% 0.00%

Perennial Value Shares Wsale Trust

IOF0206AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 7.05% 0.00% 0.00% 0.00% 0.00% 92.95% 0.00% 0.00% 0.00% 0.00%

Perpetual Credit Enhanced Cash Fund

PER0265AU 30/06/2008 27.06% 72.18% 0.76% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 27.47% 72.38% 0.15% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Perpetual Credit Enhanced Cash Fund (AA)

PER0261AU 30/06/2008 38.19% 60.78% 1.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 30.47% 69.38% 0.15% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Perpetual Credit Income Fund

PER0263AU 30/06/2008 26.02% 73.19% 0.79% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 23.44% 75.02% 1.54% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

46


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

Perpetual Exact Market Cash Fund

PER0258AU 30/06/2008 39.56% 59.62% 0.82% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 30.47% 69.38% 0.15% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Perpetual Structured Income Fund

PER0365AU 30/06/2008 17.01% 82.99% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 16.92% 83.08% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Perpetual Whol Diversified Income Fund

PER0260AU 30/06/2008 26.29% 65.91% 2.14% 5.66% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 13.50% 47.63% 3.00% 35.87% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Perpetual Wholesale Conservative Growth Fund

PER0077AU 30/06/2008 34.12% 40.38% 0.00% 3.55% 3.01% 14.17% 4.50% 0.26% 0.00% 0.01%

30/06/2007 38.60% 31.39% 0.03% 2.98% 4.24% 17.77% 4.63% 0.34% 0.00% 0.02%

Perpetual Wholesale Intl Share Fund

PER0050AU 30/06/2008 4.22% 0.00% 0.00% 0.00% 0.00% 0.00% 95.78% 0.00% 0.00% 0.00%

30/06/2007 5.22% 0.00% 0.00% 0.00% 0.00% 0.00% 94.78% 0.00% 0.00% 0.00%

Perpetual Wholesale Property Income Fund

PER0266AU 30/06/2008 3.85% 0.00% 0.00% 0.00% 37.37% 0.00% 0.00% 55.00% 0.00% 3.78%

30/06/2007 1.17% 0.00% 0.00% 0.00% 47.19% 0.00% 0.00% 47.88% 0.00% 3.76%

Perpetual Wholesale Split Growth Fund

PER0066AU 30/06/2008 8.24% 0.00% 0.00% 0.00% 0.51% 35.92% 55.33% 0.00% 0.00% 0.00%

30/06/2007 6.66% 0.00% 0.00% 0.00% 0.43% 32.90% 60.01% 0.00% 0.00% 0.00%

Perpetual Wsale Australian Fund

PER0049AU 30/06/2008 3.44% 0.00% 0.00% 0.00% 0.63% 95.70% 0.23% 0.00% 0.00% 0.00%

30/06/2007 8.36% 0.00% 0.00% 0.00% 0.00% 91.34% 0.30% 0.00% 0.00% 0.00%

Perpetual Wsale Balanced Growth Fund

PER0063AU 30/06/2008 19.27% 15.45% 0.00% 3.69% 3.29% 29.81% 23.46% 0.44% 0.00% 4.59%

30/06/2007 16.28% 12.00% 0.03% 3.66% 4.95% 34.22% 24.64% 0.37% 0.00% 3.85%

Perpetual Wsale Concentrated Equity Fund

PER0102AU 30/06/2008 7.47% 0.00% 0.00% 0.00% 1.21% 91.32% 0.00% 0.00% 0.00% 0.00%

30/06/2007 9.67% 0.00% 0.00% 0.00% 0.80% 89.53% 0.00% 0.00% 0.00% 0.00%

Perpetual Wsale Diversified Growth Fund

PER0114AU 30/06/2008 27.52% 30.53% 0.00% 3.65% 3.45% 16.50% 17.94% 0.38% 0.00% 0.03%

30/06/2007 27.73% 23.29% 0.05% 3.55% 4.74% 21.90% 18.33% 0.38% 0.00% 0.03%

Perpetual Wsale Ethical SRI Fund

PER0116AU 30/06/2008 7.52% 0.00% 0.00% 0.00% 0.00% 92.48% 0.00% 0.00% 0.00% 0.00%

30/06/2007 10.47% 0.00% 0.00% 0.00% 1.03% 88.50% 0.00% 0.00% 0.00% 0.00%

Perpetual Wsale Geared Australian Fnd

PER0071AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.66% 99.09% 0.25% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 99.67% 0.33% 0.00% 0.00% 0.00%

Perpetual Wsale Industrial Fund

PER0046AU 30/06/2008 5.56% 0.00% 0.00% 0.00% 1.32% 93.12% 0.00% 0.00% 0.00% 0.00%

30/06/2007 8.48% 0.00% 0.00% 0.00% 1.18% 90.34% 0.00% 0.00% 0.00% 0.00%

Perpetual Wsale Monthly Income Fund

PER0106AU 30/06/2008 39.56% 2.72% -0.03% 57.75% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 45.98% 3.34% 0.07% 50.61% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Perpetual Wsale Property Securities Fund

PER0070AU 30/06/2008 2.37% 0.00% 0.00% 0.00% 97.63% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 3.99% 0.00% 0.00% 0.00% 96.01% 0.00% 0.00% 0.00% 0.00% 0.00%

Perpetual Wsale Share-Plus Fund

PER0072AU 30/06/2008 5.00% 0.00% 0.00% 0.00% -0.95% 95.68% 0.27% 0.00% 0.00% 0.00%

30/06/2007 9.26% 0.00% 0.00% 0.00% -1.96% 92.36% 0.34% 0.00% 0.00% 0.00%

Perpetual Wsale Smaller Companies Fund

PER0048AU 30/06/2008 2.78% 0.00% 0.00% 0.00% 0.71% 96.51% 0.00% 0.00% 0.00% 0.00%

30/06/2007 4.79% 0.00% 0.00% 0.00% 0.91% 94.30% 0.00% 0.00% 0.00% 0.00%

Perpetual`s Inv Choice Small Companies

PER0039AU 30/06/2008 3.12% 0.00% 0.00% 0.00% 0.64% 96.24% 0.00% 0.00% 0.00% 0.00%

30/06/2007 5.84% 0.00% 0.00% 0.00% 0.91% 93.25% 0.00% 0.00% 0.00% 0.00%

Peters MacGregor Global Fund

WPC0002AU 30/06/2008 23.89% 0.00% 0.16% 0.00% 0.00% 0.00% 75.95% 0.00% 0.00% 0.00%

30/06/2007 6.55% 8.95% 4.30% 0.00% 0.00% 0.00% 80.20% 0.00% 0.00% 0.00%

Platinum Asia Fund PLA0004AU 30/06/2008 27.00% 0.00% 0.00% 0.00% 0.00% 0.00% 73.00% 0.00% 0.00% 0.00%

30/06/2007 12.10% 0.00% 0.00% 0.00% 0.00% 0.00% 87.90% 0.00% 0.00% 0.00%

Platinum European Fund

PLA0001AU 30/06/2008 5.80% 0.00% 0.00% 0.00% 0.00% 0.00% 94.20% 0.00% 0.00% 0.00%

30/06/2007 14.00% 0.00% 0.00% 0.00% 0.00% 0.00% 86.00% 0.00% 0.00% 0.00%

Platinum Intl Brands Fund

PLA0100AU 30/06/2008 20.40% 0.00% 0.00% 0.00% 0.00% 0.00% 79.60% 0.00% 0.00% 0.00%

30/06/2007 6.30% 0.00% 0.00% 0.00% 0.00% 0.00% 93.70% 0.00% 0.00% 0.00%

Platinum Intl Fund PLA0002AU 30/06/2008 16.90% 0.00% 0.00% 0.00% 0.00% 0.00% 83.10% 0.00% 0.00% 0.00%

30/06/2007 12.20% 0.00% 0.00% 0.00% 0.00% 0.00% 87.80% 0.00% 0.00% 0.00%

Platinum Intl Technology Fund

PLA0101AU 30/06/2008 23.90% 0.00% 0.00% 0.00% 0.00% 0.00% 76.10% 0.00% 0.00% 0.00%

30/06/2007 13.00% 0.00% 0.00% 0.00% 0.00% 0.00% 87.00% 0.00% 0.00% 0.00%

Platinum Japan Fund PLA0003AU 30/06/2008 13.50% 0.00% 0.00% 0.00% 0.00% 0.00% 86.50% 0.00% 0.00% 0.00%

30/06/2007 3.80% 0.00% 0.00% 0.00% 0.00% 0.00% 96.20% 0.00% 0.00% 0.00%


47


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

Platinum Unhedged Fund

PLA0006AU 30/06/2008 16.90% 0.00% 0.00% 0.00% 0.00% 0.00% 83.10% 0.00% 0.00% 0.00%

30/06/2007 9.90% 0.00% 0.00% 0.00% 0.00% 0.00% 90.10% 0.00% 0.00% 0.00%

PM CAPITAL Absolute Performance Fund

PMC0100AU 30/06/2008 -17.60% 0.00% 0.00% 0.00% 0.00% 0.00% 117.60% 0.00% 0.00% 0.00%

30/06/2007 -2.50% 0.00% 0.00% 0.00% 0.00% -1.80% 104.30% 0.00% 0.00% 0.00%

PM CAPITAL Australian Opportunities Fund

PMC0101AU 30/06/2008 1.00% 0.00% 0.00% 0.00% 0.00% 99.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 21.20% 0.00% 0.00% 0.00% 0.00% 78.80% 0.00% 0.00% 0.00% 0.00%

PM CAPITAL Enhanced Yield Fund

PMC0103AU 30/06/2008 31.10% 65.40% 0.00% 0.00% 0.00% 0.00% 3.50% 0.00% 0.00% 0.00%

30/06/2007 44.30% 54.00% 0.00% 0.00% 0.00% 0.00% 1.70% 0.00% 0.00% 0.00%

Portfolio Partners Dividend Builder

PPL0002AU 30/06/2008 3.77% 0.00% 0.00% 0.00% 0.00% 96.23% 0.00% 0.00% 0.00% 0.00%

30/06/2007 5.66% 0.00% 0.00% 0.00% 0.00% 94.34% 0.00% 0.00% 0.00% 0.00%

Portfolio Partners Elite Opportunities Trust

PPL0115AU 30/06/2008 6.68% 0.00% 0.00% 0.00% 0.00% 93.32% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.96% 0.00% 0.00% 0.00% 0.00% 97.04% 0.00% 0.00% 0.00% 0.00%

Portfolio Partners Emerging Shares Trust

PPL0107AU 30/06/2008 11.71% 0.00% 0.00% 0.00% 0.00% 88.29% 0.00% 0.00% 0.00% 0.00%

30/06/2007 6.34% 0.00% 0.00% 0.00% 0.00% 93.66% 0.00% 0.00% 0.00% 0.00%

Portfolio Partners High Growth Shares Trust

PPL0106AU 30/06/2008 6.40% 0.00% 0.00% 0.00% 0.00% 93.60% 0.00% 0.00% 0.00% 0.00%

30/06/2007 5.55% 0.00% 0.00% 0.00% 0.00% 94.45% 0.00% 0.00% 0.00% 0.00%

Portfolio Partners Income Plus Growth Trust

PPL0103AU 30/06/2008 1.42% 35.47% 0.00% 0.00% 0.00% 37.58% 0.00% 0.00% 0.00% 25.53%

30/06/2007 2.82% 35.47% 0.00% 0.00% 0.00% 40.38% 0.00% 0.00% 0.00% 21.33%

Portfolio Partners Listed Property Trust

NFS0209AU 30/06/2008 7.66% 0.00% 0.00% 0.00% 92.34% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 4.15% 0.00% 0.00% 0.00% 95.85% 0.00% 0.00% 0.00% 0.00% 0.00%

Portfolio Partners Premier Fixed Income Trust

PPL0114AU 30/06/2008 0.84% 55.06% 24.82% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 19.28%

30/06/2007 1.76% 55.38% 30.96% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 11.90%

Portfolio Partners Shares Trust

PPL0104AU 30/06/2008 12.32% 0.00% 0.00% 0.00% 0.00% 87.68% 0.00% 0.00% 0.00% 0.00%

30/06/2007 4.35% 0.00% 0.00% 0.00% 0.00% 95.65% 0.00% 0.00% 0.00% 0.00%

Premium China Fund MAQ0441AU 30/06/2008 23.71% 0.00% 0.00% 0.00% 0.00% 0.00% 76.29% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

Premium SAM Asia Property Fund

MAQ0574AU 30/06/2008 86.04% 0.00% 0.00% 0.00% 13.11% 0.00% 0.85% 0.00% 0.00% 0.00%


Prime Value Growth Fund

PVA0011AU 30/06/2008 20.00% 0.00% 0.00% 0.00% 0.00% 80.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 5.91% 0.00% 0.00% 0.00% 0.00% 94.09% 0.00% 0.00% 0.00% 0.00%

Prime Value Imputation Fund

PVA0022AU 30/06/2008 12.14% 0.00% 0.00% 0.00% 0.00% 87.86% 0.00% 0.00% 0.00% 0.00%

30/06/2007 7.59% 0.00% 0.00% 0.00% 0.00% 92.41% 0.00% 0.00% 0.00% 0.00%

Principal Global Strategic Income Fund

PGI0001AU 30/06/2008 10.34% 10.17% 79.49% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 4.09% 8.28% 87.63% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Principal Property Securities Fund

PRE0001AU 30/06/2008 1.95% 0.00% 0.00% 0.00% 98.05% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 -0.73% 0.00% 0.00% 0.00% 100.73% 0.00% 0.00% 0.00% 0.00% 0.00%

RCM Global Equities Fund

THO0003AU 30/06/2008 3.00% 0.00% 0.00% 0.00% 0.00% 0.00% 97.00% 0.00% 0.00% 0.00%

30/06/2007 2.20% 0.00% 0.00% 0.00% 0.00% 0.00% 97.80% 0.00% 0.00% 0.00%

Real Estate Capital Partners Enhanced Income Fund

TFG0001AU 30/06/2008 5.20% 0.00% 0.00% 0.00% 54.80% 0.00% 0.00% 40.00% 0.00% 0.00%

30/06/2007 0.50% 0.00% 0.00% 0.00% 77.50% 0.00% 0.00% 22.00% 0.00% 0.00%

RREEF Global (ex Aust) Prop Sec Fund

MGL0010AU 30/06/2008 4.56% 0.00% 0.00% 0.00% 95.44% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 8.47% 0.00% 0.00% 0.00% 91.53% 0.00% 0.00% 0.00% 0.00% 0.00%

RREEF Global Equity Opportunities Fund

MGL0134AU 30/06/2008 3.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 97.00%

30/06/2007 3.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 97.00%

RREEF Global Property Securities Fund

MGL0011AU 30/06/2008 4.21% 0.00% 0.00% 95.79% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 7.71% 0.00% 0.00% 0.00% 92.29% 0.00% 0.00% 0.00% 0.00% 0.00%

RREEF Paladin Property Securities Fnd

PAL0002AU 30/06/2008 3.58% 0.00% 0.00% 0.00% 96.42% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.04% 0.00% 0.00% 0.00% 98.96% 0.00% 0.00% 0.00% 0.00% 0.00%

Rubicon M & A Fund Class B Units

RCP0007AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Rubicon M&A Fund Class O Units

RCP0001AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

48


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

Russell Australian Opportunities Fund

RIM0029AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

Russell Australian Select Holdings Fund

RIM0035AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%


Russell Australian Shares Fund – Class C

RIM0015AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

Russell Australian Shares Fund Class – A

RIM0006AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

Russell Balanced Fund

RIM0001AU 30/06/2008 3.00% 15.00% 10.00% 0.00% 7.00% 32.00% 31.00% 0.00% 0.00% 2.00%

30/06/2007 2.09% 14.88% 9.86% 0.00% 7.78% 32.29% 30.19% 0.00% 0.00% 2.91%

Russell Balanced Fund – Class C

RIM0011AU 30/06/2008 3.00% 15.00% 10.00% 0.00% 7.00% 32.00% 31.00% 0.00% 0.00% 2.00%

30/06/2007 2.09% 14.88% 9.86% 0.00% 7.78% 32.29% 30.19% 0.00% 0.00% 2.91%

Russell Conservative Fund – Class A

RIM0002AU 30/06/2008 30.00% 25.00% 15.00% 0.00% 3.00% 15.00% 12.00% 0.00% 0.00% 0.00%

30/06/2007 30.21% 24.95% 14.89% 0.00% 5.01% 15.11% 9.83% 0.00% 0.00% 0.00%

Russell Conservative Fund – Class C

RIM0012AU 30/06/2008 30.00% 25.00% 15.00% 0.00% 3.00% 15.00% 12.00% 0.00% 0.00% 0.00%

30/06/2007 30.21% 24.95% 14.89% 0.00% 5.01% 15.11% 9.83% 0.00% 0.00% 0.00%

Russell Diversified 50 Fund – Class A

RIM0003AU 30/06/2008 15.00% 22.00% 13.00% 0.00% 5.00% 23.00% 22.00% 0.00% 0.00% 0.00%

30/06/2007 15.21% 22.01% 12.92% 0.00% 9.88% 19.84% 20.14% 0.00% 0.00% 0.00%

Russell Diversified 50 Fund – Class C

RIM0013AU 30/06/2008 15.00% 22.00% 13.00% 0.00% 5.00% 23.00% 22.00% 0.00% 0.00% 0.00%

30/06/2007 15.21% 22.01% 12.92% 0.00% 9.88% 19.84% 20.14% 0.00% 0.00% 0.00%

Russell Global Opportunities Fund

RIM0032AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

Russell Growth Fund – Class A

RIM0004AU 30/06/2008 1.10% 6.80% 0.00% 0.00% 9.00% 42.00% 39.00% 0.00% 0.00% 2.10%

30/06/2007 0.47% 6.66% 0.00% 0.00% 7.95% 42.07% 40.11% 0.00% 0.00% 2.73%

Russell Growth Fund – Class C

RIM0014AU 30/06/2008 1.10% 6.80% 0.00% 0.00% 9.00% 42.00% 39.00% 0.00% 0.00% 2.10%


Russell High Growth Fund Class C

RIM0030AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 10.00% 46.00% 44.00% 0.00% 0.00% 0.00%


Russell Int Sh Fd $A Hedged – Class C

RIM0017AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

Russell Inter Shares (Hedged) – Class A

RIM0009AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

Russell Inter Shares Fund – Class A

RIM0008AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

Russell International Property Hedged

RIM0031AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Russell International Shared Fd -Class C

RIM0016AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

Sandhurst IML Industrial Share Fund

STL0101AU 30/06/2008 4.49% 0.00% 0.00% 0.00% 0.00% 95.51% 0.00% 0.00% 0.00% 0.00%

30/06/2007 7.07% 0.00% 0.00% 0.00% 0.00% 92.93% 0.00% 0.00% 0.00% 0.00%

Schroder Australian Equity Fund

SCH0002AU 30/06/2008 2.95% 0.00% 0.00% 0.00% 0.00% 97.05% 0.00% 0.00% 0.00% 0.00%

30/06/2007 3.97% 0.00% 0.00% 0.00% 0.00% 96.03% 0.00% 0.00% 0.00% 0.00%

Schroder Balanced Fund

SCH0102AU 30/06/2008 15.10% 15.20% 4.50% 0.00% 0.00% 31.08% 17.16% 0.00% 0.00% 16.96%

30/06/2007 12.10% 15.40% 1.50% 0.00% 0.00% 37.00% 23.00% 0.00% 0.00% 11.00%

Schroder Fixed Income Fund

SCH0028AU 30/06/2008 8.58% 70.69% 20.73% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 20.30% 54.30% 25.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Schroder Gbl Active Value Fund (Hedged)

SCH0032AU 30/06/2008 3.69% 0.00% 0.00% 0.00% 0.00% 0.00% 96.31% 0.00% 0.00% 0.00%

30/06/2007 1.33% 0.00% 0.00% 0.00% 0.00% 0.00% 98.67% 0.00% 0.00% 0.00%

Schroder Global Emerging Markets Fund

SCH0034AU 30/06/2008 1.60% 0.00% 0.00% 0.00% 0.00% 0.00% 98.40% 0.00% 0.00% 0.00%


Schroder Hybrid Securities Fund

SCH0103AU 30/06/2008 21.59% 78.41% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 6.60% 93.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%


49


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

Schroder Wsale Australian Equity Fnd

SCH0101AU 30/06/2008 2.95% 0.00% 0.00% 0.00% 0.00% 97.05% 0.00% 0.00% 0.00% 0.00%

30/06/2007 3.97% 0.00% 0.00% 0.00% 0.00% 96.03% 0.00% 0.00% 0.00% 0.00%

Select Alternatives Portfolio

SLT0005AU 30/06/2008 12.40% 0.00% 0.00% 0.00% 1.90% 4.90% 10.10% 8.90% 0.00% 61.80%

30/06/2007 13.20% 0.00% 0.00% 0.00% 0.00% 15.40% 11.60% 7.20% 0.00% 52.60%

Select Defensive Portfolio

SLT0001AU 30/06/2008 19.40% 10.60% 18.00% 0.00% 2.00% 9.70% 16.70% 9.30% 0.00% 14.30%

30/06/2007 20.00% 7.20% 4.10% 0.00% 0.00% 22.10% 16.10% 9.00% 0.00% 21.50%

Select Gold Fund SLT0006AU 30/06/2008 1.00% 0.00% 0.00% 0.00% 0.00% 19.00% 80.00% 0.00% 0.00% 0.00%

30/06/2007 2.70% 0.00% 0.00% 0.00% 0.00% 27.20% 70.10% 0.00% 0.00% 0.00%

Select Gottex Enhanced Market Neutral Fund

SLT0003AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

Select Gottex Market Neutral Fund

SLT0004AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

Select Growth Portfolio

SLT0002AU 30/06/2008 18.90% 1.50% 13.40% 0.00% 1.90% 16.30% 23.80% 7.00% 0.00% 17.20%

30/06/2007 18.00% 1.30% 0.00% 0.00% 0.00% 29.90% 23.80% 6.50% 0.00% 20.50%

Select Private Equity Fund

SLT0008AU 30/06/2008 -12.00% 0.00% 0.00% 0.00% 0.00% 10.00% 67.00% 0.00% 0.00% 35.00%

30/06/2007 -2.19% 0.00% 0.00% 0.00% 0.00% 34.45% 62.11% 0.00% 0.00% 5.63%

Series 10 OM IP 220 Limited


30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%

Series 11 OM-IP 220 Limited


30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%

SGH IC2E ETL0062AU 30/06/2008 5.64% 0.00% 0.00% 0.00% 0.00% 94.36% 0.00% 0.00% 0.00% 0.00%

30/06/2007 9.53% 0.00% 0.00% 0.00% 0.00% 90.47% 0.00% 0.00% 0.00% 0.00%

SGH20 ETL0042AU 30/06/2008 0.13% 0.00% 0.00% 0.00% 0.00% 99.87% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.71% 0.00% 0.00% 0.00% 0.00% 99.29% 0.00% 0.00% 0.00% 0.00%

Smallco Investment Fund

ASC0001AU 30/06/2008 12.10% 0.00% 0.00% 0.00% 0.00% 87.90% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.10% 0.00% 0.00% 0.00% 0.00% 98.90% 0.00% 0.00% 0.00% 0.00%

Spectrum Wholesale Enhanced Income Fund

SAM0001AU 30/06/2008 1.34% 98.66% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.45% 98.55% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

SSgA Australian Equities Index Trust

SST0004AU 30/06/2008 0.08% 0.00% 0.00% 0.00% 0.00% 99.92% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.08% 0.00% 0.00% 0.00% 0.00% 99.92% 0.00% 0.00% 0.00% 0.00%

SSgA Australian Fixed Income Index Trust

SST0005AU 30/06/2008 1.67% 98.33% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.67% 97.33% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

SSgA Australian Listed Prop Index Trust

SST0007AU 30/06/2008 0.19% 0.00% 0.00% 0.00% 99.81% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.17% 0.00% 0.00% 0.00% 99.83% 0.00% 0.00% 0.00% 0.00% 0.00%

SSgA International Equities Index Trust

SST0013AU 30/06/2008 0.19% 0.00% 0.00% 0.00% 0.00% 0.00% 99.81% 0.00% 0.00% 0.00%

30/06/2007 0.07% 0.00% 0.00% 0.00% 0.00% 0.00% 99.93% 0.00% 0.00% 0.00%

SSgA Intl Equities Index Hedged Trust

SST0022AU 30/06/2008 0.19% 0.00% 0.00% 0.00% 0.00% 0.00% 99.81% 0.00% 0.00% 0.00%

30/06/2007 0.07% 0.00% 0.00% 0.00% 0.00% 0.00% 99.93% 0.00% 0.00% 0.00%

Suncorp Wholesale Australian Equities Fund

SUN0114AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 4.68% 0.00% 0.00% 0.00% 0.00% 95.32% 0.00% 0.00% 0.00% 0.00%

Suncorp Wholesale Australian Fixed Interest Fund

SUN0112AU 30/06/2008 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Suncorp Wholesale Balanced Fund

SUN0147AU 30/06/2008 5.18% 31.19% 9.93% 0.00% 10.72% 24.99% 13.46% 0.00% 0.00% 4.54%

30/06/2007 5.01% 30.01% 9.89% 0.00% 11.03% 24.77% 14.47% 0.00% 0.00% 4.82%

Suncorp Wholesale Conservative Fund

SUN0111AU 30/06/2008 26.79% 36.30% 9.90% 0.00% 7.97% 14.49% 4.56% 0.00% 0.00% 0.00%

30/06/2007 24.96% 35.11% 9.87% 0.00% 10.15% 14.76% 5.15% 0.00% 0.00% 0.00%

Suncorp Wholesale Growth Fund

SUN0113AU 30/06/2008 0.76% 10.29% 6.06% 0.00% 10.58% 45.21% 23.39% 0.00% 0.00% 3.71%

30/06/2007 2.34% 10.01% 4.91% 0.00% 10.75% 44.67% 23.63% 0.00% 0.00% 3.68%

Suncorp Wholesale Imputation Fund

SUN0118AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 3.90% 0.00% 0.00% 0.00% 0.00% 96.10% 0.00% 0.00% 0.00% 0.00%

Suncorp Wholesale Property Securities Fund

SUN0116AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 4.02% 0.00% 0.00% 0.00% 95.98% 0.00% 0.00% 0.00% 0.00% 0.00%

50


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

Suncorp Wsale International Equities Fnd

SUN0115AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 2.64% 0.00% 0.00% 0.00% 0.00% 0.00% 97.36% 0.00% 0.00% 0.00%

T.Rowe Price Global Equity Fund

ETL0071AU 30/06/2008 1.50% 0.00% 0.00% 0.00% 0.00% 0.00% 98.50% 0.00% 0.00% 0.00%

30/06/2007 5.00% 0.00% 0.00% 0.00% 0.00% 0.00% 95.00% 0.00% 0.00% 0.00%

TAAM New Asia Fund TGP0006AU 30/06/2008 7.50% 0.00% 0.00% 0.00% 0.00% 0.00% 92.50% 0.00% 0.00% 0.00%

30/06/2007 4.70% 0.00% 0.00% 0.00% 0.00% 0.00% 95.30% 0.00% 0.00% 0.00%

Tankstream Property Investment Fund

TNK0001AU 30/06/2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

30/06/2007 5.00% 0.00% 0.00% 0.00% 10.00% 0.00% 0.00% 85.00% 0.00% 0.00%

Templeton Global Equity Fund

FRT0004AU 30/06/2008 1.31% 0.00% 0.00% 0.00% 0.00% 0.00% 98.69% 0.00% 0.00% 0.00%

30/06/2007 4.16% 0.00% 0.00% 0.00% 0.00% 0.00% 95.84% 0.00% 0.00% 0.00%

Tyndall Australian Share Wholesale Portfolio

TYN0028AU 30/06/2008 2.87% 0.00% 0.00% 0.00% 0.00% 97.13% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.84% 0.00% 0.00% 0.00% 0.00% 98.16% 0.00% 0.00% 0.00% 0.00%

UBS Australian Bond Fund

SBC0813AU 30/06/2008 4.57% 81.71% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 13.72%

30/06/2007 1.62% 98.38% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

UBS Australian Equity Income Fund

UBS0007AU 30/06/2008 7.62% 0.00% 0.00% 0.00% 1.34% 91.04% 0.00% 0.00% 0.00% 0.00%

30/06/2007 18.70% 0.00% 0.00% 0.00% 0.00% 81.30% 0.00% 0.00% 0.00% 0.00%

UBS Australian Share Fund

SBC0817AU 30/06/2008 1.85% 0.00% 0.00% 0.00% 3.99% 94.16% 0.00% 0.00% 0.00% 0.00%

30/06/2007 4.46% 0.00% 0.00% 0.00% 2.39% 93.15% 0.00% 0.00% 0.00% 0.00%

UBS Balanced Investment Fund

SBC0815AU 30/06/2008 1.27% 12.53% 4.06% 0.00% 6.60% 26.19% 36.66% 0.00% 0.00% 12.69%

30/06/2007 3.33% 10.69% 10.27% 0.00% 7.00% 23.49% 45.22% 0.00% 0.00% 0.00%

UBS Cash Fund SBC0811AU 30/06/2008 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

UBS Cash Plus Fund SBC0812AU 30/06/2008 23.05% 69.72% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.23%

30/06/2007 29.29% 69.93% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.78%

UBS Credit Enhanced Cash Fund

UBS0102AU 30/06/2008 6.89% 67.52% 11.33% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 14.26%

30/06/2007 26.02% 62.28% 6.87% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.83%

UBS Defensive Investment Fund

SBC0814AU 30/06/2008 23.63% 27.32% 10.15% 0.00% 2.60% 8.07% 16.77% 0.00% 0.00% 11.46%

30/06/2007 18.87% 20.72% 19.90% 0.00% 2.91% 7.26% 30.34% 0.00% 0.00% 0.00%

UBS Diversified Fixed Income Fund

SBC0007AU 30/06/2008 0.00% 68.00% 32.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 51.00% 49.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

UBS Emerging Companies Fund

UBS0004AU 30/06/2008 7.18% 0.00% 0.00% 0.00% 3.86% 88.96% 0.00% 0.00% 0.00% 0.00%

30/06/2007 4.28% 0.00% 0.00% 0.00% 11.91% 83.81% 0.00% 0.00% 0.00% 0.00%

UBS Global Infrastructure Sec Fund

UBS0011AU 30/06/2008 5.52% 0.00% 0.00% 0.00% 0.00% 13.55% 80.93% 0.00% 0.00% 0.00%

30/06/2007 5.89% 0.00% 0.00% 0.00% 0.00% 14.74% 79.37% 0.00% 0.00% 0.00%

UBS Global Property Securities Fund

UBS0008AU 30/06/2008 13.92% 0.00% 0.00% 0.00% 0.00% 0.00% 86.08% 0.00% 0.00% 0.00%

30/06/2007 3.03% 0.00% 0.00% 0.00% 9.83% 0.51% 86.63% 0.00% 0.00% 0.00%

UBS Hybrid Income Fund

UBS0003AU 30/06/2008 14.97% 24.42% 23.38% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 37.23%

30/06/2007 0.30% 21.60% 41.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 36.70%

UBS Intl Bond Fund SBC0819AU 30/06/2008 0.00% 4.80% 95.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 4.80% 95.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

UBS Intl Share Fund SBC0822AU 30/06/2008 2.28% 0.00% 0.00% 0.00% 0.00% 0.00% 97.72% 0.00% 0.00% 0.00%

30/06/2007 1.22% 0.00% 0.00% 0.00% 0.00% 0.00% 98.78% 0.00% 0.00% 0.00%

UBS Property Securities Fund

SBC0816AU 30/06/2008 10.01% 0.00% 0.00% 0.00% 89.99% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.56% 0.00% 0.00% 0.00% 99.44% 0.00% 0.00% 0.00% 0.00% 0.00%

Valuestream Australian Equity Fund

TAM0001AU 30/06/2008 2.00% 0.00% 0.00% 0.00% 0.00% 98.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 2.00% 0.00% 0.00% 0.00% 0.00% 98.00% 0.00% 0.00% 0.00% 0.00%

van Eyk Blueprint Alternatives Fund

MAQ0406AU 30/06/2008 4.55% 0.00% 0.00% 0.00% 0.00% 2.36% 0.00% 0.00% 0.00% 93.09%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

van Eyk Blueprint Australian Shares Fund

MAQ0289AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

van Eyk Blueprint Balanced Fund

MAQ0290AU 30/06/2008 6.53% 17.50% 8.00% 0.00% 6.12% 32.35% 22.04% 0.00% 0.00% 7.46%

30/06/2007 3.75% 8.09% 7.68% 0.00% 5.76% 35.39% 29.49% 0.00% 0.00% 9.84%


51


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

van Eyk Blueprint Capital Stable Fund

MAQ0291AU 30/06/2008 25.76% 26.29% 23.17% 0.00% 5.21% 9.68% 7.62% 0.00% 0.00% 2.27%

30/06/2007 30.15% 18.52% 18.82% 0.00% 5.94% 12.17% 12.48% 0.00% 0.00% 1.92%

van Eyk Blueprint High Growth Fund

MAQ0292AU 30/06/2008 8.16% 0.00% 0.00% 0.00% 4.32% 46.21% 37.29% 0.00% 0.00% 4.02%

30/06/2007 2.96% 0.00% 0.00% 0.00% 1.90% 49.33% 43.98% 0.00% 0.00% 1.83%

van Eyk Blueprint Intl Shares

MAQ0293AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

Vanguard Aus Shares High Yield Fund

VAN0104AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

Vanguard Australian Fixed Int Index Fund

VAN0001AU 30/06/2008 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Vanguard Australian Share Index Fund

VAN0002AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00%

Vanguard Balanced Index Fund

VAN0108AU 30/06/2008 22.10% 11.00% 17.50% 0.00% 5.80% 23.80% 19.80% 0.00% 0.00% 0.00%

30/06/2007 21.80% 11.20% 16.90% 0.00% 5.90% 26.30% 17.90% 0.00% 0.00% 0.00%

Vanguard Cash Reserve Fund

VAN0020AU 30/06/2008 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%


Vanguard Conservative Index Fund

VAN0109AU 30/06/2008 42.40% 11.30% 17.30% 0.00% 3.80% 14.50% 10.70% 0.00% 0.00% 0.00%

30/06/2007 41.90% 11.20% 17.00% 0.00% 3.90% 15.90% 10.10% 0.00% 0.00% 0.00%

Vanguard Emerg Market Shares Index Fund

VAN0005AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

Vanguard Growth Index Fund

VAN0110AU 30/06/2008 1.90% 10.90% 17.60% 0.00% 7.80% 34.20% 27.60% 0.00% 0.00% 0.00%

30/06/2007 2.10% 11.00% 16.90% 0.00% 8.30% 36.70% 25.00% 0.00% 0.00% 0.00%

Vanguard High Growth Index Fund

VAN0111AU 30/06/2008 0.00% 3.90% 6.00% 0.00% 9.50% 44.10% 36.50% 0.00% 0.00% 0.00%

30/06/2007 0.00% 3.90% 6.00% 0.00% 10.00% 48.20% 31.90% 0.00% 0.00% 0.00%

Vanguard Int Prop Sec Index Hedged Fund

VAN0019AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Vanguard Int Prop Sec Index Unhedged

VAN0018AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Vanguard Intl Fixed Int Index (Hedged)

VAN0103AU 30/06/2008 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Vanguard Intl Share Index Fund

VAN0003AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

Vanguard Intl Share Index Fund (Hedged)

VAN0105AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%

Vanguard Property Securities Index Fund

VAN0004AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Ventura Diversified 50 Fund

RIM0019AU 30/06/2008 15.00% 22.00% 13.00% 0.00% 5.00% 23.00% 22.00% 0.00% 0.00% 0.00%

30/06/2007 14.93% 22.07% 12.77% 0.00% 10.19% 20.01% 20.02% 0.00% 0.00% 0.00%

Ventura Growth 70 Fund

RIM0020AU 30/06/2008 5.00% 15.00% 10.00% 0.00% 7.00% 32.00% 31.00% 0.00% 0.00% 0.00%

30/06/2007 5.61% 14.83% 9.98% 0.00% 7.79% 31.89% 29.90% 0.00% 0.00% 0.00%

Walter Scott Global Equity Fund

MAQ0410AU 30/06/2008 3.10% 0.00% 0.00% 0.00% 0.00% 0.00% 96.90% 0.00% 0.00% 0.00%

30/06/2007 3.03% 0.00% 0.00% 0.00% 0.00% 0.00% 96.97% 0.00% 0.00% 0.00%

Walter Scott Global Equity Fund (hedged)

MAQ0557AU 30/06/2008 3.10% 0.00% 0.00% 0.00% 0.00% 0.00% 96.90% 0.00% 0.00% 0.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Winton Global Alpha Fund

MAQ0482AU 30/06/2008 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

30/06/2007 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

Zurich Invest Aust Prop Securities Fund

ZUR0064AU 30/06/2008 2.80% 0.00% 0.00% 0.00% 97.20% 0.00% 0.00% 0.00% 0.00% 0.00%

30/06/2007 1.60% 0.00% 0.00% 0.00% 98.40% 0.00% 0.00% 0.00% 0.00% 0.00%

Zurich Invest Aust Value Share Fund

ZUR0060AU 30/06/2008 31.09% 0.00% 0.00% 0.00% 1.01% 67.90% 0.00% 0.00% 0.00% 0.00%

30/06/2007 4.20% 0.00% 0.00% 0.00% 0.00% 95.80% 0.00% 0.00% 0.00% 0.00%

Zurich Invest Equity Income Fund

ZUR0538AU 30/06/2008 41.08% 0.00% 0.00% 0.00% 3.04% 55.74% 0.14% 0.00% 0.00% 0.00%


52


interest (%)


(%)

Mortgages (%)

Listed property

(%)

Australian shares

(%)



(%)

Absolute Return (%)

Other (%)

Zurich Invest Global Small Co Share Fund

ZUR0240AU 30/06/2008 2.33% 0.00% 0.00% 0.00% 0.00% 0.00% 97.67% 0.00% 0.00% 0.00%

30/06/2007 7.00% 0.00% 0.00% 0.00% 0.00% 0.00% 93.00% 0.00% 0.00% 0.00%

Zurich Invest Global Thematic Share Fund

ZUR0061AU 30/06/2008 4.91% 0.00% 0.00% 0.00% 0.00% 0.00% 95.09% 0.00% 0.00% 0.00%

30/06/2007 5.30% 0.00% 0.00% 0.00% 0.00% 0.00% 94.70% 0.00% 0.00% 0.00%

Zurich Invest Managed Growth Fund

ZUR0059AU 30/06/2008 9.98% 16.98% 8.30% 0.00% 5.41% 34.65% 24.68% 0.00% 0.00% 0.00%

30/06/2007 10.10% 12.10% 6.00% 0.00% 9.90% 34.80% 27.10% 0.00% 0.00% 0.00%

Zurich Invest Unhedged Gbl Thematic Sh

ZUR0518AU 30/06/2008 8.38% 0.00% 0.00% 0.00% 0.00% 0.00% 91.62% 0.00% 0.00% 0.00%

30/06/2007 6.50% 0.00% 0.00% 0.00% 0.00% 0.00% 93.50% 0.00% 0.00% 0.00%


How the asset allocation is determinedThe asset allocation for each investment option is determined and provided 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.

n/a – Information for these options is not available

53

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

Approved ASX listed securities (Super and Pension Manager only)

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.

54

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■■

55

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■■

56

Legislative updatesDuring the course of the 2007–08 financial year, the Parliament passed legislation to allow certain terminally ill fund members to withdraw their superannuation benefits as a tax free lump sum. The Government has also made further legislative amendments that:

remove discrimination in Commonwealth superannuation ■■

laws against same-sex de facto couples and their children from 1 July 2008

extend the federal family law regime to certain opposite-■■

sex and same-sex de facto couples (including allowing superannuation splitting on the breakdown of such relationships) and

change the treatment of temporary residents’ superannuation. ■■

The Government has also announced the following changes (which had not become law as at the date of this report):

changes to the income test arrangements for various ■■

Government assistance programs (including the super co-contribution) to take account of salary sacrificed super contributions (among other things). The changes are intended to take effect from 1 July 2009

a new optional clearing house facility to allow employers ■■

to pay super contributions to a single location and

a review of arrangements dealing with lost superannuation.■■

Changes to your Cash AccountAs previously advised, on 29 May 2008, the underlying investment of the Cash Account, the cash hub of Super and Pension Manager and Super Accumulator, was transitioned from the Macquarie Treasury Fund to a wholesale deposit with Macquarie Bank Limited.

Government guaranteeThe Cash Account is a unit trust that invests into a deposit with Macquarie Bank Limited, which is covered by the Government guarantee.1 Macquarie will absorb part of the cost of the guarantee. While the remaining cost of the guarantee will reduce the interest rate, we are committed to ensuring that investors continue to receive a competitive rate of return. For further details on the Government guarantee on deposits please refer to www.treasury.gov.au

Important informationRecent changes to Super and Pension Manager and Super Accumulator

New Wrap Product Disclosure Statements To help fulfil our obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act), from 15 December 2008 the Product Disclosure Statements (PDS) will include amended forms to collect additional information about new clients This will also be the first time that we are launching the new look PDSs.

What has changed?

The Federal Government identified consumers’ need to have user-friendly PDSs. Investor research from IFSA has found that investors find PDSs were too long, detailed, and difficult to understand, and that the average PDS doesn’t contain the information that investors are looking for upfront.

The new PDS is now split into a shortened hard copy PDS (Part A) and an online section for detailed information (Part B), which is specifically incorporated by reference as part of the PDS.

Part A of the PDS

Part A is the shortened hardcopy part of the PDS. It will include information on how to open an account, features at a glance, fees, FAQs, and the accompanying application form.

Part B of the PDS

Part B is the online part of the PDS. It is contained in an interactive website and includes information about the operation of your account, plus information to assist you in understanding superannuation more generally.

The website address for Part B is: for Super and Pension Manager, www.wrapguide.com.au/supermgr (password: super), and for Super Accumulator, www.wrapguide.com.au/superacc (password: super). If you do not have access to the internet, we can provide you with a paper copy upon request.

UK transfer amount service feeFrom 1 August 2008, the additional service fee of $51.25 per month ($615.00 p.a.) or part thereof no longer applies to any member of the fund.

1 The information in this document is based on the Government documentation available as at 19 November. These are proposed arrangements, and will be in place until further notice. The position in respect of Macquarie absorbing or not passing on the cost associated with the guarantee may change in the future and if so, we will notify you of this.

57

Trustee and fund management informationDuring the 2007–08 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 ($1.768b)

the combined investments in Dimensional Funds Australia ■■

Limited ($0.843b)

the combined investments in Macquarie Wrap Solutions ■■

Cash Account ($1.294b) and

the combined investments in Macquarie Life ■■

Limited ($0.701b).

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.

Term depositsTerm deposits have been added to the approved assets that can be administered in your Super and Pension Manager portfolio. This is in addition to the approved managed investments and ASX listed securities currently available.

When you choose to invest in a term deposit through Macquarie Super and Pension Manager, the registered investor on the term deposit will be Bond Street Custodians Limited (BSCL). In other words, BSCL will hold legal title to the term deposit while you retain a beneficial interest in the term deposit. Please refer to the PDS for more information.

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 fundsSince the end of the 2007–08 financial 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.

58

Deceased estatesOn your death, your superannuation benefits in the Fund may be treated differently to other assets you own. The trustee of the Fund is generally required to pay your benefits as soon as practicable after your death either directly to one or more of your dependants or to your estate.

In the event of your death:

we will continue to deduct applicable administration and ■■

adviser fees until the payment of your superannuation benefit is authorised by the trustee and your account is closed and

your investments will continue to be invested in ■■

accordance with the most recently selected investment strategy until we receive instructions from a properly authorised person.

Death benefits can be paid as a lump sum, pension or combination. However, only certain beneficiaries who have been nominated by you are eligible to receive your death benefits as a pension.

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

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.

59

Financial statements of the Macquarie Superannuation Plan

Operating statement for the year ended 30 June 2008

Note 2008 $’000

2007 $’000

Investment revenue

Changes in the net market value of investments 11 1,603,380 680,277

Distributions from unit trusts 535,596 278,552

Dividends 58,466 44,895

Total investment revenue 1,009,318 1,003,724

Contributions revenue

Employer contributions 201,073 155,039

Members’ contributions 619,352 1,282,846

Transfers from other Funds 1,183,902 891,251

Total contributions revenue 2,004,327 2,329,136

Total revenue from ordinary activities 995,009 3,332,860

Expenses from ordinary activities

Other costs 5 99,449 74,588

Superannuation contributions surcharge 720 4,852

Total expenses from ordinary activities 100,169 79,440

Benefits accrued as a result of operations before income tax 894,840 3,253,420

Income tax (benefit)/expense 4 (74,459) 49,360

Benefits accrued as a result of operations 969,299 3,204,060

The above operating statement should be read in conjunction with the accompanying notes.

60

Statement of financial position as at 30 June 2008

Note 2008 $’000

2007 $’000

Investments 6 7,938,431 8,084,079

Other assets

Cash 118 1,450

Debtors 101,293 116,395

Current tax asset 4 17,761 -

Deferred tax asset 4 36,557 -

Total other assets 155,729 117,845

Total assets 8,094,160 8,201,924

Trade and other payables

Creditors 8,491 7,614

Tax liabilities

Current tax liabilities 4 - 5,712

Deferred tax liabilities 4 - 51,606

Total tax liabilities - 57,318

Total liabilities 8,491 64,932

Net assets available to pay benefits 8,085,669 8,136,992

Represented by:

Liability for accrued benefits

Allocated to members' accounts 8 8,085,669 8,136,992

The above statement of financial position should be read in conjunction with the accompanying notes.

61

Statement of cash flows for the year ended 30 June 2008

Note 2008 $’000

Inflows/ (Outflows)

2007 $’000

Inflows/ (Outflows)

Cash flows from operating activities

Contributions and transfers from other Funds 2,004,118 2,329,134

Benefit payments 1,006,435 639,995

Other unitholder transactions paid 113,597 90,516

Dividends and distributions received 609,220 397,297

Tax paid 56,635 25,120

Net cash inflow from operating activities 14 1,436,671 1,970,800

Cash flows from investing activities

Payments for purchase of investments 7,584,777 5,615,225

Proceeds from sales of investments 6,146,274 3,638,500

Net cash outflow from investing activities 1,438,003 1,976,725

Net increase/(decrease) in cash held 1,332 5,925

Cash at the beginning of the financial year 1,450 7,375

Cash at the end of the financial year 14 118 1,450

The above statement of cash flows should be read in conjunction with the accompanying notes.

62

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 2008 and the comparative information presented in these financial statements for the year ended 30 June 2007.

(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 IFRSs

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 2008 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.

(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 unit trusts are stated at net market value ■■

at year end by reference to the unit redemption price at the reporting date as advised by the investment managers.

Investments in listed equities are stated at net market ■■

value and are valued by reference to the relevant market quotation at the reporting date.

Investments in unlisted unit trusts are valued by reference ■■

to the prevailing net asset value prices at the reporting date. Investments in the life policy issued by Macquarie Life Limited are valued by reference to the prevailing net asset value prices as at the balance sheet date.

The net fair value of investments is considered equal to the net market value.

Notes to and forming part of the financial statements for the year ended 30 June 2008

63

(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 all 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 surcharged. 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.

(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.

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2. Nature of the plan

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.

Financial risk management is carried out under policies approved by the Board of Directors of the Trustee.

(b) Market risk

With respect to credit risk arising from the financial assets of the Plan, the Plan’s exposure to credit risk arises from default of the counterparty with a maximum exposure equal to the carrying amount of these investments.

There are no significant concentrations of credit risk within the Plan.

(i) Price risk

The Fund trades in financial instruments, taking positions in unlisted trusts.

All securities investments present a risk of loss of capital. The Trustee moderates this risk through a careful selection of securities, within specified limits. The maximum risk resulting from financial instruments is determined by the net market value of the financial instruments.

In accordance with the Fund’s policy, the risk management department of the Fund’s Investment Manager monitors the Fund’s price sensitivity on a daily basis. This is done by ensuring that the Fund is fully invested in underlying trusts as per the Fund’s Product Disclosure Statement.

The Fund’s investments are susceptible to market price risk arising from uncertainties about future prices of the underlying trusts.

At 30 June 2008, 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 2008 had increased by 15% with all other variables held constant, this would have increased net assets attributable to unitholders by approximately $1,205,959,000 (2007: $1,230,071,000). 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 2008 had decreased by 15% with all other variables held constant, this would have decreased net assets attributable to unitholders by approximately $1,205,959,000 (2007: $1,230,071,000).

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 exposed to foreign exchange risk as all assets are denominated in Australian dollars.

(iii) Interest rate risk

The majority of the Fund’s financial assets and all financial liabilities are non-interest bearing. While the Fund is normally fully invested in the underlying trust, a small cash balance may be maintained at times and interest may be earned. This is unlikely to ever be material. As a result, the Fund is not subject to significant amounts of risk due to fluctuations in the prevailing levels of market interest rates.

(c) Credit risk

Credit risk arises from the Fund’s investment in underlying trusts.

As part of the due diligence process prior to investing in underlying trusts, the Trustee ensures that the risk management area of the Investment Manager monitors the credit position of the underlying trust on a daily basis in accordance with the Fund’s policy.

The Fund does not have any significant exposure to any individual counterparty or industry.

Other credit risk arises from cash and cash equivalents, deposits with banks and other financial institutions. None of these assets are impaired nor past due but not impaired.

65

(d) Liquidity risk

The Fund is exposed to daily cash payments of members benefits. It therefore invests the majority of its assets in unlisted trusts that have daily unit pricing and can be readily disposed of.

The Fund’s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its payment of benefits to members and liabilities when due irrespective of prevailing conditions. This will be achieved without incurring unacceptable losses or risking damage to the Fund’s reputation.

In accordance with the Fund’s Policy management area of the Investment Manager monitors the Fund’s liquidity position on a daily basis. The Fund’s cash and liquidity policy is to hold sufficient cash balances and other liquid assets to meet anticipated benefit payments as they fall due and Fund expenses.

In addition the total liabilities for vested benefits of $8,085,669,000 (2007: $8,136,992,000) 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.

(e) Net market value estimation

The carrying amounts of the Fund’s assets and liabilities at the balance sheet date approximate their net market values.

Refer to note 1 for the methods and assumptions adopted in determining the net market values of investments and other assets.

4. Income tax

(a) Major components of tax expense

2008 $’000

2007 $’000

Current tax expense 10,831 19,049

Adjustment to current tax for prior periods

2,873 552

Deferred tax income relating to the origination and reversal of temporary differences

(88,163) (29,759)

Income tax (benefit)/expense (74,459) 49,360

(b) A reconciliation of income tax expense and benefits accrued as a result of operations

2008 $’000

2007 $’000

Benefits accrued as a result of operations before tax

894,840 3,253,420

Prima facie income tax on net income calculated at 15%

134,226 488,013

Tax effect of income that is not assessable in determining taxable income

Non (assessable) ■■

deductible (revenue)/loss*10,575 (36,177)

Exempt loss/(income)**■■ 74,481 (51,378)

Member contributions■■ (92,903) (192,085)

Transfers from other funds■■ (177,585) (133,688)

Franking credits■■ (31,726) (30,038)

Tax effect of expenses that are not deductible in determining taxable income

Non deductible expenses■■ 5,492 3,434

Superannuation ■■

contributions surcharge108 727

Tax effect of other adjustments

Under/(Over) provision ■■

prior periods2,873 552

Income tax (benefit)/expense (74,459) 49,360

* 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 Plan is tax exempt on investment earnings.

(c) Current tax liabilities/(assets)

2008 $’000

2007 $’000

Provision for current income tax;

Balance at beginning of year 5,712 12,625

Income tax paid – current period (28,320) (16,692)

Income tax paid – prior period (28,316) (8,428)

Current year income tax expense 10,831 19,049

Transfer from opening deferred income tax

19,731 –

Under/(Over) provision prior periods 2,873 552

Movement in tax due to Macquarie Life Limited

(272) (1,394)

(17,761) 5,712

1 For administrative purposes, units have been reported as valued at 1 cent per unit from 1 October 2007.

66

(d) Deferred tax liabilities

2008 $’000

2007 $’000

The amount of deferred tax liability recognised in the Statement of Financial Position;

Unrealised capital gains – 51,606

(e) Deferred tax assets

2008 $’000

2007 $’000

The amount of deferred tax liability recognised in the Statement of Financial Position;

Unrealised capital losses 36,557 –

5. Expenses of the plan

2008 $’000

2007 $’000

Management fees 36,394 29,480

Adviser fees 62,941 44,980

Other 114 128

99,449 74,588

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 $13,805,331 in the current year (2007: $13,428,067).

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

2008 $’000

2007 $’000

Wholesale Superannuation Funds Management Policies*

701,255 868,500

Investment options offered by Macquarie Super/Pension Manager**

■ unlisted unit trusts 4,318,612 4,487,160

■ related unit trusts managed by Macquarie Investment Management Limited

1,758,093 1,616,706

■ listed equities 1,160,471 1,111,713

7,938,431 8,084,079

* 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. Investment Managers

The Fund’s investments are managed by Macquarie Investment Management Limited and other selected external investment managers.

8. Liability for accrued benefits

2008 $’000

2007 $’000

Changes in the liability for accrued benefits:

Liability for accrued benefits at the beginning of the financial year

8,136,992 5,587,833

Plus: benefits accrued as a result of operations

969,299 3,204,060

Less: benefits paid (1,006,435) (639,995)

Other unitholders transactions (14,187) (14,906)

Liability for accrued benefits at the end of the financial year

8,085,669 8,136,992

Represented by:

Macquarie Wrap Super Manager* 3,624,206 4,617,062

Macquarie Wrap Pension Manager

3,763,113 2,653,919

SuperOptions Superannuation 387,911 477,533

SuperOptions Pension 310,439 388,478

8,085,669 8,136,992

* includes Macquarie Super Accumulator

67

9. 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.

2008 $’000

2007 $’000

Vested benefits 8,085,669 8,136,992

10. Guaranteed benefits

No guarantees have been made in respect of any part of the liability for accrued benefits.

11. Changes in the net market value of investments

2008 $’000

2007 $’000

Investments held at year end (1,524,791) 586,355

Investments realised during the period

(78,589) 93,922

(1,603,380) 680,277

12. 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.

13. 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 TerryN RoderickP MaherR CartwrightV Malley B Bruck (resigned 18/08/2008)C Vignes (appointed 18/08/08)M Rady (appointed 13/10/2008)

The directors of the trustee company are regarded as Key Management Personnel and the directors did not receive and are not due any remuneration directly from the Fund. There are no other Key Management Personnel other than directors of the trustee company.

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 a 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 ultimate parent entity of the trustee. The balance in this cash account at year end is $118,177 (2007: $1,449,655).

(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.

68

(d) The Fund invests into the following trusts for which Macquarie Investment Management Limited acts as responsible entity:

2008 $’000

2007 $’000

Arrowstreet Global Equity 707 195

Arrowstreet Emerging Markets Fund 1,700 –

CSL Active Commodities Fund 802 593

EII Global Property Fund 3,543 –

Macquarie Lazard Master Global Equity Fund

792 491

Macquarie Active Plus Equities Fund 47 78

Macquarie Australian Small Companies Fund

5,383 2,470

Macquarie Concord Australian Equity Fund

6,910 2,500

Macquarie Diversified Equity Fund – 140 128

Accumulated (2003 Series) 1,044 999

Macquarie Diversified Equity Fund – 1,698 1,683

Accumulated (2004 Series) 851 834

Macquarie Diversified Equity Fund – 610 643

Pension (2003 Series) 147 140

Macquarie Global Infrastructure Trust 3 18

Macquarie Global Infrastructure Trust II 1,988 1,698

Macquarie Global Private Equity Fund 284 721

Macquarie Global Property Securities Fund (hedged)

49 –

Macquarie Globalis BRIC Adv Hedged 2,029 –

Macquarie Globalis BRIC Adv Unhedged 932 –

Macquarie Income Opportunities Fund 501 610

Macquarie Index-Linked Property Securities Fund

2,694 1,961

Macquarie Master Alpha Plus Fund 28 147

Macquarie Master Australian Enhanced Equities

– 16

Macquarie Master Balanced Fund 2,235 2,416

Macquarie Master Capital Stable Fund 1,385 1,836

Macquarie Master Cash Fund 36,050 –

Macquarie Master Cash Plus Fund 646 –

Macquarie Master Diversified Fixed Interest Fund

21,672 12,103

Macquarie Master Fixed Interest Fund 4,735 5,854

Macquarie Master Geared Growth Fund 289 232

Macquarie Master Imputation Fund 68 99

Macquarie Master Property Securities Fund

6,552 13,195

Macquarie Master Small Companies Fund 198 537

Morgan Stanley Global Franchise 29,272 41,339

Premium China Fund 24,683 19,493

Macquarie Wrap Solutions Cash Account

1,293,683 1,180,894

Macquarie True Index Australian Fixed Interest Fund

56,608 46,039

Macquarie True Index Australian Shares Fund

28,099 38,673

Macquarie True Index Global Bond Fund 3,557 4,051

Macquarie True Index Linked Australian Shares

702 –

Macquarie True Index Listed Property Fund

9,413 18,363

Macquarie Walter Scott Global Equity Fund

28,923 26,690

Macquarie Winton Global Alpha Fund 1,653 –

Macquarie International Infrastructure Securities Fund

14,881 9,084

Van Eyk Blueprint Australian Shares Fund

16,198 20,057

Van Eyk Blueprint International Shares Fund

14,275 17,245

Van Eyk Blueprint Alternatives Fund 15,816 11,265

Van Eyk Blueprint Balanced Fund 81,222 93,623

Van Eyk Blueprint Capital Stable Fund 12,105 12,329

Van Eyk Blueprint High Growth Fund 22,681 27,818

Walter Scott Global Equity Fund (Hedged) 58 –

1,758,093 1,616,706

The Fund also has $10,665,000 (2007: $24,149,000) in debtors for the above funds in respect of distributions receivable at year end.

69

(e) The Fund invests into the following shares which are related parties to the Fund:

2008 $’000

2007 $’000

Macquarie Bank Limited 23,227 22,089

Macquarie Winton Global Opportunities Trust

1,354 1,268

Macquarie Private Capital Group – 837

European Investors Global Property Trust

856 1,728

25,437 25,922

14. Cash flow notes

a) Reconciliation of net cash flows from operating activities to benefits accrued as a result of operations

2008 $’000

2007 $’000

Benefits accrued as a result of operations

969,299 3,204,060

(Profit)/losses on investments 1,603,380 (680,277)

Benefits paid 1,006,435) (639,995)

Other unit holder transactions (14,187) (13,816)

Increase in creditors 879 4,635

Decrease in receivables 15,102 73,347

Increase/(decrease) in tax provisions

(131,367) 22,846

Net cash inflows from operating activities

1,436,671 1,970,800

b) Components of cash

2008 $’000

2007 $’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 118 1,450

15. Remuneration of auditors

2008 $

2007 $

Remuneration for audit of financial reports

36,371 31,482

Remuneration for audit of APRA returns

3,431 3,237

Remuneration for audit of compliance with SIS and APRA Licence

32,680 30,839

72,482 65,558

Fees for the audit were paid by Macquarie Investment Management Limited. The auditors, PricewaterhouseCoopers, did not provide any other services to the Fund.

16. Commitments and contingent liabilities

There are no commitments as at 30 June 2008 (2007: $Nil). There are no contingent liabilities as at 30 June 2008 (2007: $Nil).

17. Events subsequent to balance date

With the exception of the current market volatility, which is reflected in the interim crediting rates, there have been no other significant events that have occurred after the reporting date that affects the interpretation of the financial information contained in these financial statements.

70

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 59 to 61 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 2008 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, Urgent Issues Group interpretations corresponding to the interpretations approved by the International Accounting Standards Board (“IASB”), 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 2008.

This statement is made in accordance with the resolution of the directors of the trustee company.

R Cartwright C. Vignes Director Director

Sydney 31 October 2008

Trustee’s statement

71

Independent report by approved auditor to the trustee and members

(A) Financial Statements

I have audited the financial statements of Macquarie Superannuation for the year ended 30 June 2008 comprising the Statement of Financial Position, Operating Statement and Statement of Cash Flows.

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 control 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 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.

Auditor’s Opinion

In my opinion, the financial statements present fairly, in all material respects, in accordance with Australian Accounting Standards (including the Australian Accounting Interpretations) the financial position of Macquarie Superannuation as at 30 June 2008 and the results of its operations and its cash flows for the year ended 30 June 2008.

(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 section 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 responsibilty 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 Macquarie Superannuation has, in all material respects:

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), 36, 65, 66, 67, 69-85, 86-93A, 95, 97, 98,101,103,104,105,106,107,

109, 35A, 35C, 117,118, 121,122, 124, 125, 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;

b) complied with the FSCODA Reporting Standards that are subject to audit (to the extent applicable );

c) compiled with the relevant requirements of the following provisions of the Corporations Act and Corporations Regulations:

sections 10128, 1012F, 1012H(2), 10121, 10138, 1013D, 1013K(1), 1013K(2), 1016A(2),

1016A(3), 10178(1), 10178(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

72

d) Complied with the requirement to prepare the respective forms comprising the APRA Annual Return for the year ended 30 June 2008.

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.

Auditor’s Opinion

In 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 2008.

PricewaterhouseCoopers Chartered Accountants

Craig Stafford Sydney Partner 31 October 2008

New South Wales

Level 11, 20 Bond 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.

74OTH7173 12/08

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

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