Benefits of investing with ANZ OneAnswer Investment Portfolio

• A wide choice of investment funds;

• Flexible fee arrangements;

• Convenient features to help you manage your investment;

• Convenient services to help you get the most from your investment.

For more information, refer to pages 4 and 5 of the PDS.

Risk level

Medium

Investor suitability

The fund is suitable for investors seeking stable absolute returns over time through exposure to a range of domestic and international fixed income assets and who are prepared to accept some variability of returns.

About ANZ OneAnswer Investment Portfolio

OneAnswer provides you with innovative choices to enable you to tailor an investment that suits your needs.

Investment choices offered through OneAnswer

Using the extensive range of investment funds offered by OneAnswer, you can create an investment profile to help you achieve your investment goals.

With a choice of over 80 investment funds, simply select which investment funds you want to invest in and the proportion to be invested in each.

Investing in ANZ Term Deposit options

Through OneAnswer you can access a range of ANZ Term Deposit options. These offer competitive interest rates and a choice of 3, 6 and 12 months, or 2, 3, and 5 year investment terms. These options give you the security of investing with ANZ, one of Australia's largest banks. You can view current interest rates at onepath.com.au

ANZ Term Deposit options work a little differently to other investment funds in OneAnswer. The Regular Investment Plan, Dollar Cost Averaging Plan, Auto-Rebalance Plan and Regular Draw-down Plan are not available for ANZ Term Deposits. An additional investment or switch in to ANZ Term Deposits will be processed as a new term deposit and the minimum of $1,000 will apply. You cannot make a partial withdrawal or switch from an ANZ Term Deposit. Full withdrawals prior to maturity will incur an early withdrawal adjustment.

Interest earned on ANZ Term Deposits will be credited to ANZ Cash Advantage, an investment fund offered through OneAnswer.

Establishing a Regular Investment Plan

A Regular Investment Plan is a simple and effective way to grow your investment by adding money on a regular basis from outside of your investment. You are not able to regularly invest into ANZ Term Deposits.

You choose:

• how often you invest - monthly or quarterly

• the account you want investments to be debited from

• the investment funds you would like to invest into

Establishing a Dollar Cost Averaging Plan

With a Dollar Cost Averaging Plan, you switch a set amount into your chosen investment fund(s) (except for ANZ Term Deposits) at regular intervals, thereby potentially reducing the risk of investing a single larger amount on a single day.

You choose:

• one investment fund from which to make your regular switches

• the amount of each switch

• which investment funds you are switching into

• how often you would like the switches to occur: monthly or quarterly

• when you would like the Dollar Cost Averaging Plan to end (optional).

Using auto-rebalance to realign to your chosen investment profile

The Auto-Rebalance Plan works by switching units between investment funds (except for ANZ Term Deposits) in order to realign your investment allocation as per your nominated investment profile.

You choose:

• how often your investment is rebalanced - quarterly, half-yearly or yearly

• a tolerance range' that determines when your auto-rebalance switch triggers.

Additional investments, switches or withdrawals may affect your Auto-Rebalance Plan.

Receiving distribution payments

You can choose to have distributions from your selected investment funds (except for ANZ Term Deposits) reinvested for further units in your investment fund(s) or paid into your nominated bank or financial institution account.

Any transaction costs applicable to the relevant investment fund will not apply on the reinvestment of distributions . For ANZ Term Deposits interest is automatically credited to ANZ Cash Advantage.

Switching between investment funds

As your financial objectives change over time, we make it easy for you to tailor your OneAnswer investment. For your convenience you can switch between investment funds online at any time via Account Access at onepath.com.au or by written request.

Any units purchased as a result of the switch will be issued based on the terms of the PDS current at the time the purchase is made and the relevant investment fund's constitution. You can obtain the latest PDS free of charge by contacting your financial adviser, visiting our website at onepath.com.au/superandinvestments-forms-and-brochures or by contacting Customer Services.

How we invest your money

Schroders' broad fixed income philosophy is underpinned by 3 key ideas:

1. Fixed income is typically held for defensive purposes. These include liquidity, capital preservation, liability management and to diversify equity risk.
2. Investors should utilise the breadth of the fixed income universe to improve risk/return outcomes (as opposed to closely tracking arbitrary benchmarks).
3. Volatility is not risk; Schroders view losing money and not delivering on objectives as its core risk.

These key investment beliefs are encapsulated in our Schroders Fixed Income Fund, a Core-Plus strategy which combines a low active risk Core' and Plus' strategies where opportunities to add value is present. The fund utilises the breadth of the opportunity set and combines asset allocation, country selection, credit risk management, stock selection, and duration/yield curve management in a combination that aims to outperform the benchmark Bloomberg AusBond Composite 0+Yr Index over the medium term whilst ensuring it remains a true defensive strategy.

Asset allocation

(Asset class: Benchmark / Range)

• Australian investment grade: N/A / 20-100%

• Global investment grade*: N/A / 0-50%

• Australian high yield**: N/A / 0-20%

• Global high yield**: N/A / 0-20%

• Cash and cash equivalents: N/A / 0-50%

*Maximum aggregate global exposure will not exceed 50%.

**Maximum aggregate exposure to high yield will not exceed 20%.