Benefits of investing in the IOOF Specialist Funds

Investing in the Fund offers you a range of benefits, including:

• access to a professionally managed investment portfolio

• exposure to assets and strategies that would ordinarily be difficult for an individual to invest into

• access to regular information on your investment from the website www.ioof.com.au and regular investment statements and an Attribution MIT Member Annual (AMMA) statement after 30 June each year.

Risk level

Medium

Investor suitability

The Fund is intended to be suitable for investors seeking a diversified portfolio employing a dynamic approach to allocating across asset classes.

About the Fund

The Fund invests in a focused portfolio of global securities and alternative investments. The Fund seeks to deliver returns above Australian inflation, as measured by the Consumer Price Index (CPI) over the longer term while limiting capital losses during periods of major equity market downturn.

Investment philosophy

The Fund has a diverse portfolio with investments selected for characteristics such as capital preservation, income, inflation protection, capital growth and risk mitigation. Portfolio allocations are dynamic, changing in response to the investment environment.

About IOOF Investment Services

IOOF Investment Services Ltd (IISL) is the Responsible Entity (RE) and investment manager of the Fund and is responsible for the management and administration of the Fund. IISL is also referred to as RE', we', us' and our' throughout this document.

IISL is part of the IOOF group. As one of the largest financial services groups in Australia, with over 170 years' experience in helping Australians secure their financial independence, the IOOF group provides services to more than 500,000 clients and has more than $142.7 billion in funds under management, advice and administration (as at 30 September 2019). The IOOF group consists of IOOF Holdings Ltd ABN 49 100 103 722 and its related bodies corporate, and is currently listed in the top 200 on the Australian Securities Exchange (ASX: IFL).

IISL is dedicated to managing the investment assets of the Fund. The responsibilities include establishing, implementing and monitoring the Fund's investment objectives and strategies.

From time to time IISL may appoint underlying investment managers to manage all or a portion of the Fund's assets. IISL has the discretion to change the underlying investment managers or add or remove underlying investment managers at any time. For details of the current underlying investment managers, please refer to the fund profile available at www.ioof.com.au

How we invest your money

The objective of the Fund is to provide exposure to a diverse portfolio with investments selected for characteristics such as capital preservation, income, inflation protection, capital growth and risk mitigation. Investments may include equities, fixed income, cash and alternative investments such as commodities, infrastructure, property and managed futures.

Portfolio allocations are dynamic, changing in response to the investing environment. In times of particularly high equity market volatility, the Fund may reduce its exposure to equity markets.

Underlying Funds that the Fund invests in will hedge some or all of their foreign currency exposure to the Australian dollar.