PIC Investments Performance Update Year ended 30 September 2014 APPENDIX Advisor Use Only.

PIC Investments Performance Update

Year ended 30 September 2014

APPENDIX

Advisor Use Only

General advice warning and disclaimer

This information has been provided by MLC Limited (ABN 90 000 000 402) a member of the National Group, 105–153 Miller Street, North Sydney 2060.

Any opinions expressed in this communication constitute our judgement at the time of issue and are subject to change. We believe that the information contained in this communication is correct and that any estimates, opinions, conclusions or recommendations are reasonably held or made as at the time of compilation. However, no warranty is made as to their accuracy or reliability (which may change without notice) or other information contained in this communication.

Past performance is not indicative of future performance. The value of an investment may rise or fall with the changes in the market. Please note that all performance reported is before management fees and taxes, unless otherwise stated.

The specialist investment managers are current as at the date this communication was prepared. Investment managers are regularly reviewed and may be appointed or removed at any time without prior notice to you.

This communication contains general information and may constitute general advice. Any advice in this communication has been prepared without taking account of individual objectives, financial situation or needs. It should not be relied upon as a substitute for financial or other specialist advice.

Before making any decisions on the basis of this communication, you should consider the appropriateness of its content having regard to your particular investment objectives, financial situation or individual needs. You should obtain a Product Disclosure Statement or other disclosure document relating to any financial product issued by MLC Investments Limited (ABN 30 002 641 661 [include AFSL for PDSs/FSGs/Annual Reports]) and consider it before making any decision about whether to acquire or continue to hold the product. A copy of the Product Disclosure Statement or other disclosure document is available upon request by phoning the MLC call centre on 132 652 or on our website at mlc.com.au.

2

Agenda

1. PIC 0/100 Portfolio






7. PIC Australian Share Portfolio

8. PIC Hedged Global Share Portfolio

9. PIC Inflation Plus Portfolio

10.PIC Wholesale Funds Standard Deviation

3


4

Total Returns

As at 30 September 2014Source: MLC

* Please note the latest period is calendar year to date


5

Growth & Income Returns

Fund as at 30 September 2014

Growth Return 0.6

PIC 0/100 Portfolio 0.1 0.6

1 mth 3 mths

Distribution Return -0.5 0.0

0.6

1.1

3.5 4.3

0.5 0.6

4.23.0 3.2

3yrs 5yrs1yr

4.8




6

Total Returns




7



4.6

3yrs

3.4

6.4 8.9

5.2

1yr

2.4

5yrs

6.9

3.72.9

PIC 30/70 Portfolio -0.9

0.6

-1.5Distribution Return

Growth Return

1 mth 3 mths

0.9

0.3

0.6




8

Asset Class Returns




9

Peer Relative Performance

Please note the PIC performance is sourced from Morningstar Direct and does not include the Management Fee Rebate.


10

Total Returns




11


*6 - 10 year returns provided are for the equivalent MLC Wholesale Fund for an indication of longer term performance.


10.9

3.3 4.4Growth Return 0.3 0.4

PIC 50/50 Portfolio

1.2

-0.2

10yrs*

6.3

5.6

0.7

1yr 5yrs

3.4

7.8

7.7Distribution Return

1 mth 3 mths

-0.5

1.6

4.9

7.7

2.8

3yrs




12

Asset Class Returns




13


Please note the PIC performance is sourced from Morningstar Direct and does include the Management Fee Rebate.


14

Total Returns




15


*10 year returns provided are for the equivalent MLC Wholesale Fund for an indication of longer term performance.


Growth Return 0.3 0.4

4.1

4.4

Distribution Return

6.7

5.9 10.0

0.8

5.9

3.1 3.4

-0.8 1.4

10yrs*

9.1 13.5

1 mth 3 mths

8.5

5yrs

PIC 70/30 Portfolio -0.5 1.8

3yrs1yr




16

Asset Class Returns




17




18

Total Returns




19


*6 - 10 year returns provided are for the equivalent MLC Wholesale Fund for an indication of longer term performance.


3.1

6.6

5yrs

6.715.1

4.4

8.9

0.7

6.01.7

0.3

9.7

11.9 4.5

3.3

PIC 85/15 Portfolio -0.5

1yr1 mth 3 mths

2.0

Growth Return 0.3

Distribution Return -0.8

10yrs*3yrs




20

Asset Class Returns




21




22

Total Returns




23




Distribution Return -0.3 2.3

2.8

5.4

3.0 4.1

9.5

5yrs

6.3

0.8

8.0 14.4

Growth Return 0.0 0.1

7.111.0 17.2

3yrs

PIC 100/0 Portfolio -0.3 2.4

1 mth 3 mths 1yr 10yrs*




24

Asset Class Returns




25




26

Total Returns


** Please note the latest period is calendar year to date

* For longer periods the returns of the equivalent wholesale fund have been provided


27

Excess Returns

*S&P/ASX 300 prior to Sep 2012,S&P/ASX 200 prior to Nov 2002



28




0.4 0.4Growth Return

3.3

8.6

3yrs

0.8

4.3

5.1

-2.5

Distribution Return -5.4 -0.9

PIC Australian Share Fund -5.0 -0.4 7.213.2

9.8

5.0 4.6

-1.7

1 mth 3 mths 1yr 10yrs*5yrs




29


Source: Morningstar Direct


30

Total Returns

* For longer periods the returns of the equivalent wholesale fund have been provided**The latest period is calendar year to date



31

Excess Returns




32



-0.7 1.2

1.2

13.5

6.7

6.81.0 0.60.0Growth Return 0.0

Distribution Return

PIC Hedged Global Share Fund

-0.7 12.5 19.0

13.4 19.6

1 mth 3 mths 1yr 3yrs 5yrs




33



9. Inflation Plus – Assertive Portfolio

34

Total Returns




35



5.1

7.3

Growth Return

3.1 4.3 5.3Distribution Return

0.0 0.0

10.9

2.4 2.8

PIC Inflation Plus - Assertive Portfolio 3.1

1 mth

13.7

3 mths 1yr 3yrs

10.44.3

5yrs

9.7




36

Asset Class Returns



10. PIC Wholesale Funds

37

Standard Deviation (after taking into account fees)


PIC Investments Performance Update Year ended 30 September 2014 APPENDIX Advisor Use Only.

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