Benefits of investing in the IOOF Cash Management Fund

Investing in the Fund offers a range of benefits including:

• Diversification: The cash component helps diversify an investment portfolio.

• Access and liquidity: Cash is readily available for use through your TPS cash management account. The underlying investments are liquid so you can generally withdraw from your TPS cash management account at any time (except in certain circumstances as noted in section 2 of the PDS).

• Professional investment management: Investments in the Fund are selected by professional investment managers who seek to obtain access to securities offering competitive interest rates in all market cycles.

• Income: The Fund is designed to provide a regular income stream. Please refer to Income distributions' in section 2 of the PDS.

Risk level

Low

Investor suitability

The Fund may suit investors who are seeking:

• ready access to their funds

• exposure to low risk cash investments regular income

• access to investments managed by skilled investment managers.

About the Fund

The Fund is a managed portfolio of cash and short to medium term debt securities that aims to provide:

• a low risk investment

• a regular income stream

• ready access to your funds.

Investment approach

Through our investment management services, we have a team of portfolio managers, supported by a host of support services all committed to providing, strong risk adjusted returns over the long term. IIML may appoint underlying managers to manage the assets of the Fund. Our multi-manager investment approach adds value on several fronts; through our active management of underlying investment managers, our dynamic asset allocation and our robust risk management.

The Fund's underlying investment managers are reviewed regularly and are subject to change without notice where we consider the changes are not materially adverse to investors. We may add, remove or replace underlying investment managers within the Fund's portfolio at any time. A current list of the underlying investment managers can be found on the TPS website at www.theportfolioservice.com.au. If you wish to request a paper copy, please contact our Client Advisory Services on 1800 221 151.

Investment objective

To provide investors with a stable competitive rate of return, by investing in a high quality portfolio of cash and cash equivalents.

How we invest your money

The Fund invests in cash and short to medium-term debt securities or deposits issued by government and semi-government authorities, banks, non-bank financial institutions and high quality corporations. A mix of underlying investment managers may be engaged to manage the Funds' assets from time to time.

The Fund is focused on receiving a moderate level of income at around the cash rate by investing in Australian short to medium-term debt securities. The Fund may use a range of derivative instruments for hedging purposes and for more efficient and cost effective implementation of investment strategies. Derivatives will not be used to gear the Fund's portfolio.

Asset classes and asset allocation

• Cash and cash equivalents (including short/medium-term securities): 100%