To invest in a diversified mix of predominantly defensive assets, across a range of complementary specialist investment managers

To provide some growth in your investment over the short to medium term with smaller fluctuations in value than the other Investment Options.

Benefits of investing in the Summit Multi-manager Active Series

With Summit, you and your financial adviser can work together to create an investment strategy across super, pension and non-super investments. You can build and manage your savings through a single investment vehicle.

Summit may suit you if you're after:

• a range of diversified multi-manager investment options

• specialist expertise from some of the world's leading fund managers, and

• easy online access to your account.

Here's what you get:

• flexibility to select from a range of wholesale managed funds, term deposits and listed securities

• access to experienced and reputable fund managers

• fast withdrawal payment options, and

• cost-saving through family fee aggregation.

Risk level

Low to Medium

About the Fund

The Trust offers active Investment Options. The active Investment Options combine specialist investment managers to select investments with the aim to achieve a return above a pre-defined benchmark over a specified period.

Each Investment Option may invest in a variety of asset classes including shares, property, fixed interest, cash and alternatives - both in Australia and overseas. Investments will be made in managed investment schemes whose assets are managed by specialist managers selected for their expertise in each asset class.

Each of the active Investment Options - Defensive, Moderately Defensive, Balanced, Growth and High Growth - invest in a different combination of growth and defensive assets and has a different risk profile.

Growth assets (such as shares and property) are generally expected to generate higher long-term returns than defensive assets (such as cash and fixed interest), but with greater volatility. Generally, the higher the amount of growth assets in a portfolio, the greater the potential long-term return and the higher the risks associated with that portfolio.

Further details on each of the Investment Options are provided on pages 6 to 9 of the PDS.

When you invest in the Trust you are allocated units of a particular class. This type of trust is called a managed investment scheme'. The Trust is divided into a number of classes of units. Each Investment Option represents one of those classes of units (see page 27 of the PDS for more details).

How we invest your money

Investment strategy

To invest in a diversified mix of predominantly defensive assets such as cash and fixed interest with an average allocation over time of 30% invested in growth assets such as equities and property. To invest using a range of complementary specialist investment managers.

Asset allocations

(Asset class: Long-term target / Range)

• Australian shares: 11% / 5-20%

• International shares: 11% / 5-20%

• Listed real assets*: 5% / 0-20%

• Unlisted real assets: 0% / 0-20%

• Alternative growth: 3% / 0-10%

TOTAL GROWTH ASSETS: 30%

• Fixed interest: 45% / 15-70%

• Alternative defensive: 3% / 0-10%

• Australian cash: 22% / 0-50%

TOTAL DEFENSIVE ASSETS: 70%

*Includes an allocation to Australian listed property, global listed property and global listed infrastructure asset classes.