SignatureSuper® Investment Guide Fact Sheet - AMP

78 Pages·2015·2.14 MB·English

Investment guide fact sheet
SignatureSuper®
Issued 20 November2020
®Registered trademarkofAMP Limited ABN 49 079354 519
Contents
SignatureSuperinvestments 4
Environmentalandsociallyresponsibleinvesting 10
Managingyourrisks 12
Feesandcosts 17
Howtoreadyourinvestmentprofile 27
AMPMySuperinvestmentoption 28
Choiceinvestmentoptions 33
RestrictedChoiceinvestmentoptions 58
Explanationofinvestmentterms 61
Theinformationinthisdocumentformspartoftheproductdisclosurestatement(PDS)forSignatureSuperdated30September2020.
TounderstandhowSignatureSuperworks,readthePDS,factsheetsandyourplansummary.
Informationinthisdocumentmaychangefromtimetotime.Wemayupdateinformationwhichisnotmateriallyadversetoyouand
makeitavailableatamp.com.au/pdsupdates.Apapercopyoftheupdatecanalsobeobtained(atnocharge)bycallingus(detailsat
theendofthisdocument)orfromyourfinancialadviser.
Theinformationprovidedinthisdocumentisgeneralinformationonlyanddoesnottakeintoaccountyourpersonalfinancialsituation
orneeds.Youshouldobtainfinancialadvicetailoredtoyourpersonalcircumstances.
Ifyouwouldlikeadviceonyourinsurancecoverinthissuperproduct,contributionstoyouraccountorinvestmentoptions,youcan
calluson1300366019.Afeewillnotbechargedforthisonce-offintrafundadvice.Ifyouwouldliketoobtainotherfinancialadvice,
ongoingfinancialadviceorotherinformationaboutyouraccount,youshouldspeaktoafinancialadviser.
SignatureSuperispartoftheSuperDirectionsFundABN78421957449.N.M.SuperannuationProprietaryLtd(NMSuper)ABN31
008428322,AFSL234654,RSELicenceNo.L0002523isthetrusteeandisreferredtoasNMSuper,trustee,weorusinthisdocument.
NoothercompanyintheAMPgroupofcompaniesoranyoftheinvestmentmanagersoftheinvestmentoptions:
– isresponsibleforanystatementsorrepresentationsmadeinthisdocument
– guaranteestheperformanceofNMSuper’sobligationstomembers,orassumesanyliabilitytomembersinconnectionwith
thisproduct
ExceptasexpresslydisclosedinthePDSorafactsheet:
– investmentsintheinvestmentoptionsarenotdepositsorliabilitiesofNMSuper,AMPBankLimitedABN15081596009(AMP
Bank),anyothermemberoftheAMPgrouporanyoftheinvestmentmanagers
– nopersonguaranteestheperformanceofthissuperproductoranyoftheinvestmentoptions,anyparticularrateofreturnor
therepaymentofcapital.
Thetrusteemayenterintofinancialorothertransactionswithrelatedbodiescorporateinrelationtothisproduct.Thatrelatedbody
corporatemaybeentitledtoearnfees,profits,reimbursementsorexpensesorotherbenefitsinrelationtoanysuchappointmentor
transactionandtoretainthemforitsownaccount.
SignatureSuperismanagedandadministeredinaccordancewiththePDS,factsheetsandyourplansummary.Wemaychangethe
waySignatureSuperismanagedandadministeredatanytimewith,inthecaseofanincreaseinfees,atleast30days’notice.Otherwise,
noticewillbeprovidedbeforeorassoonaspracticableafterthechangeoccurs.
Thisofferisavailableonlytopersonsreceiving(includingelectronically)thePDS,factsheetsandtheplansummarywithinAustralia.
Changestoinvestmentoptions
Weregularlymonitorourinvestmentoptionsandinvestmentmanagerstoensureourrangecontinuestosuittheneedsofour
customers.Wemayadd,closeorterminateinvestmentoptions,addnewinvestmentmanagers,aswellaschangetheaimandstrategy
andassetrangeorbenchmarkofaninvestmentoptionatanytime.Wewillnotifyyouaboutanymaterialchangestotheinvestment
optionswhichmaybeafterthechangehasoccurred.
Ifyouhavemoneyinaninvestmentoptionthatisterminated,wewillswitchyourmoniestoaninvestmentoptionwithsimilar
risk/returnprofile.
IssuedbyN.M.SuperannuationProprietaryLtdABN31008428322,AFSLNo.234654,RSEL0002523,thetrusteeoftheSuperDirections
FundABN78421957449.
Youwillreceiveaplansummarywithyourwelcomeletter,whichdescribesthebenefitsandfeaturesspecifictoyourmembership
ofSignatureSuper.SomeemployersmayhaveatailoredMySuperarrangement.Yourplansummarywillcontaininformationon
thesearrangementsthatarespecifictoyourplan.Itmayalsonotethatsomebenefitsandfeaturesinthefactsheetsmaynotapply
toyou.Youoryourfamilymembermayalsorequestacopybycontactinguson1300366019.
3
SignatureSuper investments
Approaches to investing Thefollowingtablesshowthedifferentagebands,riskprofiles
andinvestmentsattachedtoeachstageofLifeStages.
WeaimtogiveyouaccesstoarangeofleadingAustralianand
internationalinvestmentmanagersandprovideyouwiththe Agerange Riskprofile LifeStages–amulti-manager
flexibilitytochangeandswitchinvestmentoptions. approachthroughtheFuture
Directionsmulti-sector
Weofferanumberofdifferentapproachestoinvestingincluding:
investmentoptions
– MySuper–deliversaninvestmentstrategythat
continuouslyevolveswiththechangingstagesofyourlife Underlyinginvestmentoptions
– LifeStages–whichautomaticallylowerstheriskyour
Underage30 Aggressive FutureDirectionsHighGrowth
investmentsmaytakeasyougetolder.Ifyouselect
LifeStages,youcannotelecttobeinvestedinanyother Age30to39 Moderately FutureDirectionsGrowth
investmentoption(exceptthatmemberswhowere aggressive
investedinLifeStagesasadefaultinvestmentoptionprior
Age40to49 Balanced FutureDirectionsBalanced
totheintroductionofMySupermayhaveaninvestment
inbothLifeStagesandMySuper)
Age50to59 Moderately FutureDirectionsModerately
– Indexstyleinvesting conservative Conservative
– Multi-managerinvesting,and
Age60&over Conservative FutureDirectionsConservative
– Singlemanagerinvesting.
Changes to investment options and managers Future Directions – expert risk profile based investing
Weregularlymonitorourinvestmentoptionsandinvestment TheFutureDirectionsdiversifiedinvestmentrangecombines
managerstoensureourrangecontinuestosuittheneedsofour expertinvestmentmanagementwithriskprofilebasedportfolios.
customers.Wemayadd,closeorterminateinvestmentoptions, Eachonemayinvestinavarietyofmarketsincludingshares,
addnewinvestmentmanagers,aswellaschangetheaimand property,fixedinterest,cashandalternatives–bothinAustralia
strategyandassetrangeorbenchmarkofaninvestmentoption andoverseas.AMPCapital,theportfoliomanager,conducts
atanytime.Wewillnotifyyouaboutanymaterialchangesto extensiveresearchtoselectmanagersrangingfromlargeglobal
theinvestmentoptionswhichmaybeafterthechangehas firmstoboutiquemanagers,andblendsthesetoconstruct
occurred.Othernon-materialchangeswillbeincludedinaPDS multi-managerportfoliosbasedonriskprofiles.Eachofthe
update,availableatamp.com.au/pdsupdates.Ifyouhavemoney FutureDirectionsinvestmentscatersfordifferentriskprofiles:
inaninvestmentoptionthatisterminated,wewillswitchyour Conservative,ModeratelyConservative,Balanced,Growthand
moneytoaninvestmentoptionwithasimilarrisk/returnprofile. HighGrowthbyinvestinginadifferentcombinationofassets.
AMPCapitalmayreview,replaceorchangetheselected
LifeStages
managersortheinvestmentallocationsatanytimetoensure
LifeStagesisasimpleinvestmentapproachwhichautomatically thatrisksareactivelymanagedandthelongtermperformance
lowersyourinvestmentriskasyougetolder. objectivesareachieved.
Thismeansthatwhenyouareyoung,youwillhavealarger Specialist – multi-manager investing
portionofyoursuperinmarketslikesharesandproperty(also
Themulti-managerapproachtoinvestingusesarangeof
knownasgrowthassets)whosevaluescanvarymarkedlybut
investmentmanagerswithinasingleinvestmentoption.By
whoselong-termreturnpotentialishigher.Asyoumovecloser
blendinginvestmentmanagerswithdifferentstylesintoasingle
toretirement,theportionofwhatarecalleddefensiveassets
investmentportfolio,multi-managerinvestmentoptionsare
suchascashandfixedinterest,increasestoreducetheriskof
expectedtodelivermorestablereturnsacrossdifferentstages
youlosingyourmoney(capital).Althoughdefensiveassetsare
oftheeconomicandmarketcyclethanasingleinvestment
lessvolatilethangrowthassets,theiroverallreturnpotentialis
manager.Investmentmanagersareselectedforinclusionin
alsoless.Theaimisforyoursavingstobemorestableinthe
multi-managerportfoliosbasednotonlyontheirindividual
yearsbeforeretirement–whenyouhavemoretoriskandthere’s
strengthsbutalsoonhowtheirinvestmentstylescomplement
lesstimetorecoveranyshort-termlosses.
eachother.
LifeStagesisintendedtobeawholeofworkinglifestrategy,so
AMPCapital,withinputfromtheirconsultants,identifiesand
youcannotmixthisstrategywithanyotherinvestments
gainsaccesstohighqualityinvestmentmanagerswithintheir
(MemberswhowereinvestedinLifeStagesasadefault
respectiveareasofexpertise(egassetclassesandstyles),and
investmentoptionpriortotheintroductionofMySupermay
blendstheircomplementaryinvestmentstylesinmulti-manager
haveaninvestmentinbothLifeStagesandMySuper).
portfolios.Ifanyappointedinvestmentmanagerfailstomeet
expectedstandards,itwillbeterminated(andreplacedwitha
moresuitablemanagerifappropriate).Theremovaloraddition
ofinvestmentmanagersisdeterminedbyaninvestment
committeeanddoesnotrequireyourpriorapproval.Thisprovides
flexibilitywithintheportfolioandenablesinvestment
opportunitiestobequicklyandeffectivelyrealised.
4
Further information Do I have to make an investment choice?
Multi-managerinvestmentoptionsmayuseoptions,swaps, Ifyoudonotselectaninvestmentoption,yourmoneywillbe
futuresandotherderivativestoreduceriskorgainexposureto investedinanAMPMySuperinvestmentoptionuntilyouprovide
physicalinvestments.Theyaregenerallynotgeared(unless uswithinstructionstochangeyourinvestment.YourAMP
otherwisestated),however,theyarenotrestrictedintheamount MySuperinvestmentoptionisoutlinedinyourplansummary.
theycanborrowandtheymayborrowtomeetshort-term Youcanchangeyourinvestmentoptionsanytimebyloggingin
liquidityneeds.Shortsellingmaybeusedtotakeadvantageof toyoursecureonlineaccountatamp.com.au/loginorby
companieswhosesecuritypricesareexpectedtodecrease. downloadingtheinvestmentoptionsselectionformat
amp.com.au/forms.Werecommendthatyouconsiderobtaining
Forfurtherinformationonmulti-managerinvesting,speakto
advicefromaqualifiedfinancialadviserbeforechangingyour
yourfinancialplannerorvisitthewebsiteampcapital.com.au
investmentoption(s).
andfollowthepromptstomulti-managerinvesting.
SomeemployersmayhaveatailoredMySuperarrangement.
Index styled investing
Yourplansummarywillcontaininformationonthese
Theindexinvestmentrangeprovidesbothriskprofilebasedand arrangementsthatarespecifictoyourplan.
singlemarketinvestmentswhichaimtoachievethesamereturn
Deciding what type of investoryou are
(beforefees)astheinvestmentmarketinwhichtheyinvest.Each
ofthemulti-sectorindexinvestmentscatersfordifferentrisk Everybodyhasadifferentinvestmentgoal,timeframeand
profiles:Conservative,Cautious,ModeratelyConservative, attitudetoriskwhichwilllikelychangeovertime,dependingon
Balanced,GrowthandHighGrowthusingdifferentinvestment circumstancesandlifestage.Tohelpdecidewhattypeofinvestor
allocations.Thesinglemarketindexinvestmentsinvestina youare,youmaydecidetoconsultwithafinancialadviser.AMP
varietyofmarketsincludingshares,property,fixedinterest,cash providesonlinetoolsandinformationwhichcanhelpgetyou
andalternatives–bothinAustraliaandoverseas. started.Visitamp.com.au/investments.
Single manager investing Notallinvestmentoptionssuiteveryone.TheAMPWhatinvestor
styleamI?risksimulatorisaquickwaytohelpyouworkout
Weofferarangeofselectedsinglemanagerinvestmentoptions
yourinvestmentstyleandwhattypesofinvestmentsyoumight
thataremanagedbyleadingAustralianandinternational
consider.Itdemonstratestherelationshipbetweenriskand
investmentmanagers.
returnaswellastheimpactofyourtimehorizon.Visit
Choosing your investment options amp.com.au/investorstyle.
Asthisinvestmentmaybeyourmainsourceofsavingsfor ThereareanumberofothercalculatorsavailablefromAMP
retirement,wesuggestthatyoutakeafewminutestoreadthis whichyoumayfinduseful.Visitamp.com.au/calculators.
section.Itisintendedtohelpyouunderstandyourattitudeto Alternativelywehaveeducationalvideosyoumayfindhelpful
investmentrisksandreturns.Itisimportantforyoutoconsider onamp.com.au/videos.
yourinvestmentdecisionscarefullyandbecomfortablewith What it means to invest
thelevelofriskthatmaybeneededtoreachyourinvestment
goals. Whileit'simportanttothinkcarefullyaboutwhichinvestment
optionsyouselect,theappropriateselectionscanchangeover
Wecanhelpminimisetherisksofinvestingbyprovidingaccess
time.Asyourpersonalpreferences,financialsituation,and
toawiderangeofinvestmentoptions.Thisallowsinvestorsto
long-termgoalschange,youshouldrethinkyourinvestment
diversifytheirportfoliosacrossdifferentassetclasses,investment
strategyandadjustthemixtomeetyournewneeds.Inanycase,
managers,investmentstylesortoselectmulti-sectorinvestment
anannualreviewofyourinvestmentchoicesisusually
options.
worthwhile.
Beforeyoustart,therearethreethingstoconsider:
It'simportanttorememberthatwhenyouinvestinaparticular
1.Yourinvestmentgoals:Aretheyshort-termorlong-termgoals? investmentoption(s)you'reselectinganexposuretocertain
Howmuchwillyouneed? typesofassetssuchascash,fixedinterest,property,alternative
assetsorshares.Youdon'treceiveanydirectentitlementtothe
2.Yourtimeframe:Whendoyouwanttoretire?Ifyou’vealready
assetsunderlyingtheinvestmentoption(s).
retired,howlongwillyourmoneylast?
3.Yourattitudetorisk:Areyoucomfortablewithnegative
returnsintheshort-termwhenseekinghigherreturnsoverthe
long-term?Or,areyoumorecomfortablewithmoderateand
consistentreturns?
Thisdocumentprovidesgeneralinformationoninvesting
andinvestmentoptions.Itisnotasubstituteforpersonal
financialadviceandwerecommendthatyouconsider
obtainingadvicefromafinancialadviserbeforeselecting
investmentoptions.
5
Investment performance Setting unit prices
Ifyouareinterestedinup-to-dateinformationonaninvestment AMPvaluestheassetsineachinvestmentoptionatmarketprices
option’sperformancehistory,visitourwebsiteorcallus.While andmakesallowances(basedonestimates)for:
historicalperformanceshowshowaninvestmentoptionhas
– investmentincomeandcapitalgains
performedinthepast,itisnotareliableindicatorofhowitmay
– provisionfortaxoninvestmentincomeandcapitalgains
performinthefuture.Performanceofaninvestmentoptionmay
varyovertime. – thecostsoftransacting
– operationalcostsincurredinmaintainingpropertyand
Howyour investment is valued
otherdirectinvestments,and
Wheninvestinginafundthroughsuperannuation,your – anyadministrationfee,MySuperadministrationfee,
contributionwillappeareitherasadollaramountorasunits. investmentfees,MySuperinvestmentfeesand
Thiswillalsoaffecthowyourreturnsarecreditedtoyour performance-basedfees.
account,whichwilleitherbeasa: Theresultofthisvaluationisthendividedbythetotalnumber
ofunitsallocated.Thisgivestheunitprice.Unitpriceswill
– creditingrateinvestment,or
generallyriseandfallwithmovementsinthevalueofthe
– unitisedinvestment.
underlyingassets.
Crediting rate investment
Listedassetsarevaluedattheendofeachdayusingtheprice
Someinvestmentshaveacreditingrateinsteadofaunitprice, atthattime.Otherassetsarevaluedinaccordancewithour
suchastermdepositsandcashinvestments.Thecreditingrate valuationpolicy.
issimilartoaninterestrate,butitcanbenegative,isn't
Ifnewinvestmentsareexpectedtoexceedwithdrawalsfrom
guaranteedandcanchangeatanytimewithoutnotice.
aninvestmentoption,thenassetvaluesmaybeadjustedby
Thecreditingrateisaccrueddailyandpaidtoyouraccount addinganallowanceforsomeorallofthecostsofbuyingassets.
accordingtothefrequencyspecifiedinthedescriptionofthat Thiswillincreasetheunitprice.
option.
Ifnewinvestmentsareexpectedtobelessthanwithdrawals
Unitised investment fromaninvestmentoption,thenassetvaluesmaybeadjusted
bysubtractinganallowanceforsomeorallofthecostsofselling
Thebestwaytoallowmanydifferentinvestorstoinvestatthe assets.Thiswilldecreasetheunitprice.
sametimeistoissueunits,whichrepresentaproportionofthe
However,insteadoftheabove,areleaseprice(seetherelease
underlyingassetsofthetotalinvestment.Thisalsoallowspeople
pricesectioninthefeesandothercostssectionofthethe
towithdrawatatimethatsuitsthem.Thevalueofthe
memberguidefactsheet)maybeappliedwhenaSignatureSuper
investmentwillchangeovertimeandunitpriceswillvaryinline
employerrequests:
withthis.Whenyouinvestinaunitisedinvestment,weallocate
unitstoyoubasedontheinvestmentamountandunitprice. – allorpartoftheassetsinvestedinaplanaccounttobe
switchedtoanotherinvestmentoption,or
Valueofyour Numberof Unit – awithdrawalinordertotransferfundstoanothersuper
investment = unitsheld X price planorfund.
option intheoption Inthesecases,assetvalueswillbeadjustedbysubtractingthe
estimatedcostsofsellingassets,whichreducestheunitprice
(releaseprice).
Calculating unit prices
AMPcalculatesunitpriceseachSydneybusinessdayand
generallymakesthesepricesavailablethefollowingSydney
businessday.
What unit price or crediting rate will you receive
You'llreceivethelatestunitpricecalculatedasatthedatewe
receiveallrelevantinformationatanAMPprocessingcentre,
providedit'sreceivedbefore3pmSydneytime.Otherwise,itwill
betheunitpriceapplicableforthenextSydneybusinessday.A
SydneyBankHolidayistreatedasapublicholiday.
Thedaythatapplieswillalsodeterminewhenyou'recredited
withreturns.Thereareexceptionstothisruleasfollows:
– Ifweneedtodelayswitchesorwithdrawals,inwhichcase
you'llreceivetheunitpriceorcreditingrateavailableatthe
timethetransactionoccurs.
6
Monitoring unit prices
Standardinvestmentmenu
AMPhasprocessesinplacetochecktheaccuracyofunitprices.
Multi-Sector(Traditional)investmentoptions
You'llbecompensateddirectlyintoyouraccountforanyerrors
equaltoorgreaterthan0.30%thataffectedthevalueofyour Conservative
transaction.
ConservativeIndex
Ifyou'veclosedyouraccount,AMPwill:
FutureDirectionsConservative
– paycompensationdirectlyintoanotherofyourAMP
accounts
Cautious
– ifyourbenefitisn'tpreserved,sendyouacompensation
paymentifthepaymentisaboveadollarminimumsetby CautiousIndex
thetrustee,or
ModeratelyConservative
– rollthecompensationintotheAMPEligibleRolloverFund.
Ifwe'reunabletocontactyouorthepaymentisbelowadollar FutureDirectionsModeratelyConservative
minimum,thecompensationwillbepaidintothefundonan
ModeratelyConservativeIndex
unallocatedbasis.
Thetrustee,actinginmembers’interests,andAMPmayagree Balanced
tomakeotheradjustments,asappropriate.
BalancedIndex
Securities lending
FutureDirectionsBalanced
Securitieslendingisanarrangementwheretheholderof
securitiesagreestoprovideitssecuritiestoaborrowerfora ModeratelyAggressive
specifiedperiodoftimeandtheborroweragreestoreturn
FutureDirectionsGrowth
equivalentsecuritiesattheendofthatperiod,inreturnfora
fee.Theborrowerisrequiredtopostcollateralassecurityforthe GrowthIndex
borrowing.Theaimofsecuritieslendingistogeneratepositive
investmentreturnsbutthisisnotguaranteed.Therearea Aggressive
numberofrisksinvolvedinsecuritieslending.Theseincludethe
FutureDirectionsHighGrowth
borrowerfailingtorepaythesecuritieslentandfailingtopay
callsforcollateral.
HighGrowthIndex
Thetrusteeitselfdoesnotengageinsecuritieslending.However
Multi-Sector(Specialist)investmentoptions
throughtheagreementsthatthetrusteeholdswithAMP,it
offersavarietyofinvestmentoptionswhosefundmanagers
Specialist
(includingAMPCapital)maylendaportionoftheirsecuritiesas
partoftheirinvestmentstrategy.AMPandAMPCapitalhave AMPCapitalMulti-Asset
riskmanagementprocessesinplacethatrequireeachborrower
toprovidecollateralforatleast100%ofthevalueofthe BlackRockGlobalAllocation
securitiesloaned.Thecostsincurredforsecuritieslendingare
ipacIncomeGenerator
paidbyagreementwiththelendingagentand/orAMPCapital
wherebythelendingagentand/orAMPCapitalretainaportion SchroderRealReturn
ofthegrossrevenue.
SingleSectorinvestmentoptions
Investments available toyou
Australianshares
Theinvestmentoptionsavailabletomembersarelistedbelow.
Theinvestmentmenuthatappliestoyouisoutlinedinyourplan AlphinityAustralianShare
summary.
AMPCapitalEquityIncomeGenerator
AMPMySuperOption
Ausbil130/30Focus
AMPMySuper1990s
AusbilAustralianActiveEquity
AMPMySuper1980s
AustralianShareIndex
AMPMySuper1970s
DNRCapitalAustralianEquitiesHighConviction
AMPMySuper1960s
PlatoAustralianSharesIncome
AMPMySuper1950s
SchroderAustralianEquities
AMPMySuperCapitalStable
SpecialistAustralianShare
SpecialistGearedAustralianShare
7
Standardinvestmentmenu Standardinvestmentmenu
Smallcapitalisationshares ABDynamicGlobalFixedIncome
SpecialistAustralianSmallCompanies BenthamGlobalIncome
Globalshares Cash,short-termsecuritiesanddeposits
AntipodesGlobal AMPSuperCash
ArrowstreetGlobalEquity AMPTermDeposits
BlackRockScientificHedgedInternationalShare
Restrictedinvestmentmenu
BlackRockScientificInternationalShare
RestrictedMulti-Sector(Traditional)investmentoptions
EpochGlobalEquityShareholderYield(Unhedged)
Conservative
FidelityGlobalEquities
ProfessionalConservative
InternationalShareIndex
ModeratelyConservative
MagellanGlobal
ProfessionalModeratelyConservative
SpecialistHedgedInternationalShare
Balanced
SpecialistInternationalShare
ProfessionalBalanced
WalterScottGlobalEquity
ModeratelyAggressive
ZurichAmericanCenturyGlobalGrowth
ProfessionalGrowth
Propertyandinfrastructure
Aggressive
AMPCapitalGlobalInfrastructureSecurities(Hedged)
ProfessionalHighGrowth
AMPCapitalGlobalPropertySecurities
RestrictedMulti-Sector(Specialist)investmentoptions
AMPListedPropertyTrusts
ProfessionalAlternativeBalanced
LeggMasonMartinCurrieRealIncome
RestrictedSingleSectorinvestmentoptions
PropertyIndex
Australianshares
RAREInfrastructureValue
MacquarieGroupLimitedShares
UBSClarionGlobalPropertySecurities
Propertyandinfrastructure
Alternativestrategies
MacquariePropertySecurities
AlternativeIndex
InvescoGlobalTargetedReturns Coreinvestmentmenu
Diversifiedfixedinterest Multi-Sector(Traditional)investmentoptions
PIMCODiversifiedFixedInterest Conservative
SpecialistDiversifiedFixedIncome FutureDirectionsConservative
Australianfixedinterest ModeratelyConservative
AMPAustralianBond FutureDirectionsModeratelyConservative
AMPCapitalCorporateBond Balanced
AustralianFixedInterestIndex FutureDirectionsBalanced
MacquarieIncomeOpportunities
SchroderFixedIncome
Globalfixedinterest
GlobalBondIndex
Specialistfixedinterest
8
Coreinvestmentmenu
ModeratelyAggressive
FutureDirectionsGrowth
Aggressive
FutureDirectionsHighGrowth
SingleSectorinvestmentoptions
Australianshares
SpecialistAustralianShare
Globalshares
SpecialistInternationalShare
Diversifiedfixedinterest
SpecialistDiversifiedFixedIncome
Cash,short-termsecuritiesanddeposits
AMPSuperCash
9
Environmental and socially responsible investing
Environmental and socially responsible Anyadditionalorreplacementinvestmentmanagerappointed
considerations mayalsotakethesemattersintoaccountinlinewiththeirown
ESGpolicy.
AMPCapitalistheinvestmentmanagerappointedbyAMPunder
AMPCapitalmayalsoconsultwiththeirunderlyinginvestment
aninvestmentmanagementagreementandistheresponsible
managersfromtimetotimetoascertaintheextenttowhich
entityforthemanymanagedinvestmentschemesthatAMP
theyincorporateESGconsiderationsintheirdecision-making
investsin.Itappointsitselfandothercompaniesoutsidethe
andstockselectionprocesses.Thismaybeundertakenthrough
AMPgroup(underlyingexternalinvestmentmanagers)tobe
one-on-onemeetingswiththesemanagers,issuingESGsurveys,
theinvestmentmanagersoftheseschemes.
obtainingandreviewingESGpoliciesfromthemandAMP
AMPCapitalwilltakeaccountof,andwillinstructitsexternal Capital’smonitoringoftheirproxyvotingactivities.
investmentmanagerstotakeaccountof,labourstandards,
However,inadditiontoconsiderationoffinancialandeconomic
environmental,social,ethicalorgovernanceconsiderationsin
factorsasnotedabove,AMPCapitalmay,inexceptional
theselection,retentionorrealisationofinvestmentsacrossall
circumstances,alsoexcludeordivest(negativelyscreen),and
assetclasses(otherthancash,sovereignbonds,derivatives,and
instructitsunderlyinginvestmentmanagerstoexcludeordivest,
exchangetradedfunds),inthemannersetoutbelow.
companies,assettypesorindustrysectorswheretheyhavebeen
AMPCapitalacknowledgestherearelinksbetweenacompany's determinedascontraveningthefollowingethicalprinciplesas
environmentalandsocialimpacts,thequalityofitscorporate definedinAMPCapital’sESGandRIPhilosophy.Inmakingsuch
governance,anditslong-termfinancialsuccess.AMPCapital adecision,AMPCapitalwilltakeintoaccounttheextent(ifany)
hasanenvironmentalsocialgovernance(ESG)andResponsible towhichacompany’sactivities(conduct),productsorservices:
Investment(RI)Philosophydescribingitsapproachtoconsidering
– violatetheprincipleofrespectforpersonswhichaffirms
theseissuesintheirinvestmentdecisionmakingwhichis
theintrinsicdignityofallpeopleirrespectiveofage,gender,
availableatampcapital.com.au/esg.
race,religionandprohibitsthetreatmentofanyhuman
Selecting investment managers beingmerelyasameanstoanend,and/or
DecisionsmadebyAMPCapitalaboutwhethertoselect,appoint – canbeusedwithoutcausingharmtoothersincludingthose
orremoveinvestmentmanagersarebasedprimarilyonfinancial whomaychoosetomakeuseoftherelevantgoodsor
andeconomicfactors,includinginvestmentstyleandapproach. services.
AMPCapitalconductsduediligenceintheselection,appointment InundertakingitsassessmentAMPCapitalwillconsider(without
andremovalofinvestmentmanagers.Aspartoftheduediligence limitation):
process,AMPCapitalmayaskthesemanagershowthey
incorporateESGconsiderationsintheirinvestmentanalysisto – Whetheractivities(conduct),productsorservices
developamorecomprehensiveviewofaninvesteecompany's contraveneprinciplesacceptedunderinternationalhuman
keybusinessrisks,howtheyapproachcorporategovernance rightslawsincludingbutnotlimitedtoUNconventions;
issuesandhowtheyconsiderbothofthesemattersarerelated – Theprincipleof‘doubleeffect’–whichmayallowconduct
tooverallmanagementquality. thatisnotintrinsicallywrongandisundertakenforan
ethicallyjustified‘principaleffect’evenifithasan
Selecting, retaining and realising investments
unintendedharmful‘secondary’(double)effect.Wherea
DecisionsmadebyAMPCapitalandtheunderlyinginvestment formofconductmayhaveaharmful‘doubleeffect’,AMP
managersaboutwhethertobuy,holdorsellinvestmentswill Capitalwillassesstheextenttowhichthecompanyis
stillbebasedprimarilyonfinancialandeconomicfactors.ESG activelyengagedinminimisingandmitigatingthe
issuesmaybetakenintoaccountbyAMPCapitalandthe unintendedharm,
underlyinginvestmentmanagerswheretheybelievethese – Theextenttowhichtherelevantactivity,productorservice
factorsmayhaveafinanciallymaterialimpactonthevalueand ismaterialtotheconductofthecompanyinwhichthe
performance(riskand/orreturn)oftheinvestment. investmentistobemade,and
– Anyreasonableargumentorrebuttalsubmittedingood
faith,astowhyanadverseassessmentmaybebasedon
anerroroffactorassumption.
10