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

High

Investor suitability

The Fund is intended to be suitable for investors seeking a diversified portfolio of international shares.

About the Fund

The objective of the Fund is to provide exposure to a diversified portfolio of international shares, and to produce total investment returns after fees which aim to outperform the Fund's benchmark over a rolling five-year period.

Investment philosophy

The Fund seeks to outperform the market index by selecting specialist investment managers to actively manage portfolios of global shares. A diverse range of investment strategies and skills are employed to generate outperformance.

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.

How we invest your money

The Fund invests in a diversified portfolio of listed international securities. The Fund has a goal of achieving long-term capital growth and some income, and to outperform the MSCI All Country World ex-Australia Index ($A) over a rolling five-year period.

The underlying investment managers may utilise strategies for the management of currency exposure. It is the strategy of the Fund to leave international currency exposure unhedged. However, should it choose to do so the Fund does have the capacity to apply a currency overlay to manage currency risk.