Benefits of investing in the State Street Floating Rate Fund

Benefits of Investing in the Fund include:

• Monthly Income - The Fund intends to distribute income on a monthly basis.

• Interest Rate Profile - The Fund's floating' rate profile will result in an adjustment of the Fund's yield to any future rate increases, providing the potential to achieve higher levels of returns compared to cash.

• Low Fees - Low management costs and no entry or exit fees charged (other than buy/sell spreads).

• Investment Strategy - The Fund invests in a portfolio of interest bearing investments, including selected Floating Rate Notes, ADI certificates of deposits and overnight cash deposits. See the Description of the Fund in section 5 including investment limits.

• A Conservative Approach to Risk Management - The conservative management approach aims to preserve and protect your investment, and is reinforced by SSGA's dedicated credit research team, one of the largest and most experienced in the industry. Significant credit analysis is undertaken on each issuer and security to determine whether they meet the Fund's investment criteria.

• SSGA's Expertise - SSGA is one of the world's largest fixed income and money market managers, offering an experienced team and significant size. The investment team managing the Fund is backed by dedicated credit research, risk and trading expertise, with knowledge across an array of fixed income securities, including corporate notes, commercial paper, asset-backed securities, master notes, promissory notes, bank deposits, and repurchase agreements.

• On-line access - Secure on-line access allows you to view your holdings and transactions and to download or print these details.

Risk level

Low

Investor suitability

The Fund is suitable for investors seeking income from an exposure to the Australian high quality debt market.

About the Fund

The Fund actively seeks to invest in interest bearing investments of high credit quality, rather than investing in a predetermined basket of securities such as an index. A conservative management approach aims to preserve and protect the Fund, and is reinforced by our dedicated credit research team, one of the largest and most experienced in the industry. Significant credit analysis is undertaken on each issuer and security to determine whether they meet the Fund's investment criteria.

Investment Return Objective

The objective of the Fund is to outperform the RBA Cash Rate Total Return Index by 1.0% to 1.5% over a rolling three-year period before fees.

There is no guarantee that this objective will be met.

How we invest your money

The State Street Floating Rate Fund invests in a diversified portfolio of select Floating Rate Notes, ADI certificates of deposits and overnight cash deposits.

Although the constitution of the Fund permits borrowing, we do not intend to undertake any long-term borrowings for the Fund. However, from time to time we may undertake short-term borrowings for operational purposes.

The Fund does not permit the use of options, futures or other derivatives.

Asset allocation ranges

• Floating Rate Notes: 0-95%

• Cash and Certificates of Deposit: 5-100%

• Maximum limit per issuer: 15%

• Maximum limit per security: 5%

• Security minimum credit rating: BBB

• Average credit weighting of the portfolio: BBB+