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 predominantly listed Australian and international real estate securities.

About the Fund

The Fund invests in a diversified portfolio of predominantly listed Australian and international real estate securities. The Fund has a goal of achieving long-term capital growth and income.

Investment philosophy

The Fund provides exposure to our preferred global real estate investment trust managers. Blending hedged and unhedged strategies the fund is exposed to a combination of Resolution Capital Global Property Securities, Pendal Global Property Securities and Cohen & Steers Global listed property strategies.

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 Fund provides exposure to our preferred global real estate investment trust managers. Blending hedged and unhedged strategies the fund is exposed to a combination of Resolution Capital Global Property Securities, Pendal Global Property Securities and Cohen & Steers Global listed property strategies.

The objective of the Fund is to provide a level of investment return that is reasonable when compared to both the long-term investment horizon of the Fund and the high level of investment risk.

The Fund may choose to hedge some or all of its exposure. Underlying Fund(s) that the Fund invests in may hedge some or all foreign currency exposure to the Australian dollar.