Your Investment Options
Sustainable Responsible Investment (SRI) Balanced Option
(Formerly the Ethical Shares option)

The SRI Balanced Option seeks to provide an investment return which exceeds CPI changes by 3% per annum over rolling 3-year periods.

Strategy
This option invests in a cross-section of diversified assets with an emphasis on growth from sustainable responsible investments over the medium term and reduced risk.

Investment Funds
The SRI Balanced Option is invested with investment managers who consider social and environmental factors when making investments and can involve avoiding industries considered to be the least socially and environmentally sustainable such as tobacco and gambling.

AMP’s Responsible Investment Leaders Balanced Fund is used for the time being but the Trustee may also appoint other managers at any time.

The Benchmark Asset Allocation for the SRI Balanced Option and the ranges within which this option would normally be invested are:

Growth Assets
Benchmark Investment Ranges
36%	Australian Shares	31-41%
24%	International Shares	15-34%
5%	Australian Listed Property	0-10%
3%	International Listed Property	0-8%
5%	Direct Property	0-10%
1%	Alternatives	0-6%
74%	Total

Defensive Assets
Benchmark Investment Ranges
11.5%	Australian Fixed Interest	5-18%
11.5%	International Fixed Interest	5-18%
3%	Cash	0-8%
26%	Total

The actual asset allocation for 2010 and 2009 was:

	2010 %	2009 %
Australian Shares	36.5	37.8
International Shares	23.8	24.1
Australian Listed Property	5.0	5.3
International Listed Property	4.2	3.7
Direct Property	4.7	3.4
Australian Fixed Interest	12.0	13.5
International Fixed Interest	10.7	8.6
Cash	3.0	3.6

The performance history of this SRI Balanced Option for the last five calendar years has been:

	CPI %	Return %
2010	2.7	2.0
2009	2.1	13.9
2008	3.7	-19.7
2007	3.0	5.9
2006	3.3	14.7
5-Year Compound Average	3.0	2.5
3-Year Compund Average	2.8	-2.3