MyNorth® Managed Portfolios

Research Choice Managed Portfolios

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Accumulation range Income range Objective-based range

Five managed portfolios that aim to seek growth and reinvest earnings to further grow returns.

These may be suitable if you’re looking to save for your retirement.

Five managed portfolios that aim to provide higher recurring income with less downside risk than the accumulation range.

These may be suitable if you’re looking for income in retirement.

Two managed portfolios that seek set outcomes over defined periods with a focus on capital preservation.

These may be suitable if you’re looking for income and modest capital growth.

About Research Choice Managed Portfolios

The Research Choice Managed Portfolios are offered by NMMT Limited (NMMT), and expertly constructed and managed by the AMP Research team. There are 12 diversified managed portfolios available, designed to achieve different investment and risk objectives. Here’s a bit about them and what they aim to do:

About the AMP Research teamThe AMP Research team has substantial experience in fund manager research and portfolio management. In constructing and managing the portfolios, the team:

– selects assets from a range of quality managers to provide diversification across strategies and styles, and

– draws on quantitative and qualitative assessments to make portfolio changes to ensure they align to set investment objectives and risk levels.

Research Choice Managed Portfolios are investment options available from a MyNorth, North, Summit or ipac Access® account.

Full details on investing in these investment options can be found in the MyNorth Managed Portfolios product disclosure statement (PDS) available at northonline.com.au/managedportfolios.

® MyNorth, North and Summit are registered trademarks of NMMT Limited ABN 42 058 835 573 AFS Licence No. 234653. ipac iAccess is a registered trademark of ipac asset management limited ABN 22 003 257 225.

Key benefits

The Research Choice Managed Portfolios offer you

A diversified portfolio of assets to help enhance returns and minimise risks

The managed portfolios will offer you exposure to diversified assets, including investments in the Advantage Funds range. The Advantage Funds offer access to quality wholesale funds at great value and are issued by AMP Capital Funds Management Limited.1

Highly experienced research team which specialises in building and managing diversified portfolios

The AMP Research team regularly monitors the managed portfolios and makes any necessary changes to the underlying assets to ensure they align with their stated investment and risk objectives. Any changes can be made quickly to help take advantage of emerging opportunities or to manage risk.

The ability to track the assets in the managed portfolio

You can see where your money is invested and track the performance of assets in the managed portfolios via North Online.

Ownership of assets in the managed portfolio

You’ll have beneficial ownership of the assets in the managed portfolio. You can choose to transfer the asset in and out of the managed portfolio.

What are the risksThe performance of the interest held for you in MyNorth Managed Portfolios will depend on the performance of the managed portfolio chosen, and the performance of the assets in the managed portfolio. The managed portfolios offered are subject to risk, including possible delays in repayment and loss of income and capital. No member of the AMP group or the investment manager(s) guarantee the repayment of capital, payment of income or the performance of the managed portfolios chosen.

All investments carry a risk component. Risk in an investment context refers to the possibility that the investment will not return its original capital or expected income and that the level of return will be volatile over any given time period. This risk can include market risk, company risk, currency risk, interest rate and inflation risk.

1 TheResearchChoiceManagedPortfolioswillincludeinvestmentintheAdvantageFundsrange.AMPCapitalFundsManagementLimited(AMPCapital)ABN15159557721,AFSL426455,istheresponsibleentityforthisseriesofmanagedfunds.AMPCapitalisamemberoftheAMPgroupandreceivesfeesinrelationtoactingincapacityofresponsibleentity.AcurrentPDSforeachofthemanagedfundswithinthisseriescanbeobtainedfreeofchargeonlineatamp.com.au/advantagefunds.

The Research Choice Managed Portfolios offer a flexible and efficient way of investing and implementing your investment strategy to help you reach your financial goals.

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Snapshots

Research Choice Accumulation Managed PortfoliosAsummaryofthefivemanagedportfoliosthataimtoseekgrowthandreinvestearningstofurthergrowreturns.Thesemaybesuitableifyou’relookingtosaveforyourretirement.FulldetailscanbefoundinthePDS.

Research Choice Conservative Accumulation Portfolio

Research Choice Moderately Conservative Accumulation Portfolio

Research Choice Balanced Accumulation Portfolio

Research Choice Moderately Aggressive Accumulation Portfolio

Research Choice Aggressive Accumulation Portfolio

Investor profile Maybesuitableforinvestorsseekinglowcapitalgrowthandlowvariabilityofreturnsorlossinanygivenyear.

Maybesuitableforinvestorsseekingmoderatecapitalgrowthandlowervariabilityofreturnsorlossinanygivenyear.

Maybesuitableforinvestorsseekinghighercapitalgrowthwhoarepreparedtoaccepthighervariabilityofreturnsorlossinanygivenyear.

Maybesuitableforinvestorsseekinghighercapitalgrowthwhoarepreparedtoaccepthighervariabilityofreturnsorlossinanygivenyear.

Maybesuitableforinvestorsseekinghighcapitalgrowthwhoarepreparedtoaccepthighvariabilityofreturnsorlossinanygivenyear.

Minimum investment horizon 3years 4years 5years 6years 7years

Investment objective Aimstoprovidestablereturnsthroughadiversifiedportfolioofprimarilydefensiveassets.

Aimstoprovidemoderatereturnsoverthemediumtermthroughadiversifiedportfolioofprimarilydefensiveassetsandsomegrowthassets.

Aimstoprovidemoderatetohighreturnsoverthemediumtolongtermthroughadiversifiedportfolioofgrowthanddefensiveassets.

Aimstoprovidemoderatehighreturnsoverthelongtermthroughadiversifiedportfolioofprimarilygrowthassetsandsomedefensiveassets.

Aimstoprovidehighlong-termreturnsthroughadiversifiedportfolioofprimarilygrowthassets.

Investment management fee(i) 0.10%pa 0.10%pa 0.10%pa 0.10%pa 0.10%pa

Estimated indirect costs(ii) 0.57%pa 0.66%pa 0.78%pa 0.87%pa 0.97%pa

Target asset allocation

Growth Defensive30 70 50 50 70 30 1585 100

Long-term average target class allocation

Growth assets

Australianshares

Internationalshares

Listedproperty/Infrastructure

Alternatives

Defensive assets

Fixedincome

Cash

5%

8%

12%

25%

45%

5%

9%

12%

21%15%

35%

8% 13%

22%

27%

10%

20%

8%13%

26%

36%

5%10%

10%

34%

39%

12%

15%

(i) Aperformance-basedfeebasedonyourmanagedportfoliobalancethatisdeductedfromthecashaccount.

(ii) Indirectcostsmaybemoreorlessthantheestimatedamountsandarereflectedintheunitpriceoftheunderlyingassets.Indirectcostsmayincludemanagementfees,performance-basedfees,recoverableexpenses,andcostsofinvestinginderivatives.

Example of $100,000 investment in Research Choice Balanced Accumulation Portfolio

TheResearchChoiceBalancedAccumulationPortfoliooffersexposuretodiversifiedassets,includinginvestmentsintheAdvantageFundsrange.TheAdvantageFundsofferaccesstowholesalefundsatgreatvaluefromarangeoffundmanagersandareissuedbyAMPCapitalFundsManagementLimited.AllocationisatAugust2018andcanvaryfromtimetotime.

Growth $70,000 Defensive $30,000

Australian shares Global equities Property and infrastructure Alternatives Fixed interest Cash

$9,000 $8,500 $7,000 $8,000 $7,000 $10,000

$6,000 $4,500 $3,000 $7,000

$6,000 $4,500 $3,000 $4,000

$6,000 $4,500 $2,000

The Research Choice Managed Portfolios have been designed to achieve different investment and risk objectives.

These snapshots provide a high level summary. Full details can be found in the PDS.

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Research Choice Income Managed Portfolios Asummaryofthefivemanagedportfoliosthataimtoprovidehigherrecurringincome,withlessdownsideriskwhencomparedtotheaccumulationmanagedportfolios.Incomewillbepaidtoyourcashaccountandnotreinvested(unlessinstructedotherwise).Thesemaybesuitableifyou’relookingforsteadyincomeinretirement.FulldetailscanbefoundinthePDS.

Research Choice Objective-based Managed PortfoliosAsummaryofthetwomanagedportfoliosthatseeksetoutcomesoverdefinedperiodswithafocusoncapitalpreservation.Thesemaybesuitableforclientslookingforincomeandmodestcapitalgrowth.

Research Choice Conservative Income Portfolio

Research Choice Moderately Conservative Income Portfolio

Research Choice Balanced Income Portfolio

Research Choice Moderately Aggressive Income Portfolio

Research Choice Aggressive Income Portfolio

Research Choice Cautious Income Portfolio

Research Choice Income Builder Portfolio

Investor profile Maybesuitableforinvestorsseekingstable,additionalincomeandlowvariabilityofreturnsorlossinanygivenyear.

Maybesuitableforinvestorsseekingadditionalincomeandlowervariabilityofreturnsorlossinanygivenyear.

Maybesuitableforinvestorsseekinghigherincomewhoarepreparedtoaccepthighervariabilityofreturnsorlossinanygivenyear.

Maybesuitableforinvestorsseekinghigherincomewhoarepreparedtoaccepthighervariabilityofreturnsorlossinanygivenyear.

Maybesuitableforinvestorsseekinghigherincomewhoarepreparedtoaccepthighvariabilityofreturnsorlossinanygivenyear.

Maybesuitableforlowtozerotaxpayersseekingincomewithreducedvolatilityandcapitalpreservation.

Maybesuitableforlowtozerotaxpayersseekingincomewithlowervolatilityandsomecapitalgain.

Minimum investment horizon 3years 4years 5years 6years 7years 4years 5years

Investment objective Aimstoprovidestablereturnsandhigherincomethroughadiversifiedportfolioofprimarilydefensiveassets.

Aimstoprovidehigherincomeandreducedvolatilityoverthemediumtermthroughadiversifiedportfolioofprimarilydefensiveassetsandsomegrowthassets.

Aimstoprovidehigherincomeandreducedvolatilityoverthemediumtolongtermthroughadiversifiedportfolioofgrowthanddefensiveassets.

Aimstoprovidehigherincomeandreducedvolatilityoverthemediumtolongtermthroughadiversifiedportfolioofgrowthassetsandsomedefensiveassets.

Aimstoprovidehigherincomeandreducedvolatilityoverthelongtermthroughadiversifiedportfolioofprimarilygrowthassets.

Aimstoprovideregularandhigherincome,modestcapitalgrowthwithastrongfocustowardscapitalpreservation.

Aimstoprovidehighercurrentandfutureincome,modestcapitalgrowthandagreaterfocusoncapitalpreservation.

Investment management fee(i) 0.10%pa 0.10%pa 0.10%pa 0.10%pa 0.10%pa 0.10%pa 0.10%pa

Estimated indirect costs(ii) 0.57%pa 0.64%pa 0.70%pa 0.76%pa 0.85%pa 0.64%pa 0.69%pa

Target asset allocation

Growth Defensive30 70 50 50 70 30 1585 100

Long-term average target class allocation

Growth assets

Australianshares

Internationalshares

Listedproperty/Infrastructure

Alternatives

Defensive assets

Fixedincome

Cash

5%

5%

15%20%

50%

5%

9%

6%

27%

10%

40%

8% 13% 13%

36%

10%

20%

8%13%

18%

44%

5%10%

10%

25%

48%

12%

15%

8%

5%

23%

5%

52%

7%

9%

7%

35%42%

7%

(i) Aperformance-basedfeebasedonyourmanagedportfoliobalancethatisdeductedfromthecashaccount.

(ii) Indirectcostsmaybemoreorlessthantheestimatedamountsandarereflectedintheunitpriceoftheunderlyingassets.Indirectcostsmayincludemanagementfees,performance-basedfees,recoverableexpenses,andcostsofinvestinginderivatives.

Example of $100,000 investment in Research Choice Balanced Income Portfolio

TheResearchChoiceBalancedIncomePortfoliooffersexposuretodiversifiedassets,includinginvestmentsintheAdvantageFundsrange.TheAdvantageFundsofferaccesstowholesalefundsatgreatvaluefromarangeoffundmanagersandareissuedbyAMPCapitalFundsManagementLimited.AllocationisatAugust2018andcanvaryfromtimetotime.

Growth $70,000 Defensive $30,000

Australian shares Global equities Property and infrastructure Alternatives Fixed interest Cash

$9,000 $9,000 $5,000 $8,000 $5,000 $10,000

$9,000 $4,000 $8,000 $5,000

$9,000 $10,000

$9,000

This brochure provides a summary on the Research Choice Managed Portfolios. Full details can be found in the MyNorth Managed Portfolios PDS available at northonline.com.au/managedportfolios.

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We’re here to helpFor more information, please refer to the MyNorth Managed Portfolios PDS, or contact your financial adviser, or the North Service Centre on 1800 667 841.

phone 1800 667 841

web northonline.com.au

mail North Service Centre GPO Box 2915 MELBOURNE VIC 3001

What you need to know

Any advice in this document is provided by NMMT Limited ABN 42 058 835 573, AFSL 234653 (NMMT) and is general only. The issuer of MyNorth, North, Summit, iAccess Super and Pension products is N.M. Superannuation Pty Limited ABN 31 008 428 322, AFSL 234654 (NM Super). The issuer of MyNorth, North, Summit and iAccess Investment IDPS products and MyNorth Managed Portfolios is NMMT. AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) (AMPCFM) is the responsible entity of each of the Advantage Funds (Funds) and the issuer of the units in the Funds. The advice does not take into account any person’s personal objectives, financial situation or needs. Therefore, before acting on the advice, a person should consider the appropriateness of this advice having regard to those matters. Before making a decision about the product, a person should consider the MyNorth Managed Portfolios PDS available from northonline.com.au or by contacting the North Service Centre on 1800 667 841. NMMT is part of the AMP group and can be contacted on 1800 667 841 or north@amp.com.au. If a person decides to purchase or vary a financial product, companies within the AMP group will receive fees and other benefits, which will be a dollar amount or a percentage of either the premium they pay or the value of their investments. Contact AMP for more details.

The information in this document is current as at August 2018 and is subject to change without notice.