Fund profiles

CustomSuper
	Principal Contact: Administration Toll Free: 1300 653 456 Address: 33 Alfred Street Circular Quay NSW 2000 Website: Email: www.amp.com.au customsuper@amp.com.au
Overview:	CustomSuper gives employers a flexible corporate superannuation solution that provides competitive fees, a wide range of investment options and insurance cover at group rates for their employees. CustomSuper offers employers an easy solution for managing their superannuation obligations, with leading edge technology and electronic contribution systems. CustomSuper is provided by AMP Corporate Superannuation. AMP is a leading retirement solutions provider and one of the largest investment managers in Australia. AMP has been looking after Australians’ superannuation for more than 60 years and provides superannuation, retirement and insurance benefits for over 500,000 members in Australia.  This means AMP Corporate Superannuation has the experience and capabilities to create a superannuation solution suited to employers’ and employees’ needs.
Year of Establishment:	1993
Value of Funds:	$6.5 billion (as at 30 June 2008)
Key Features:	Flexible contributions - the member, the employer sponsor and spouse can invest into member's account. Wide investment choice, members can choose up to 10 options, from over 60 options managed by the leading Australian and international investment managers. Unlimited free switching available. Insurance cover options chosen by the employer sponsor - Death, TPD and TSC - at group rates (with a 2 year or "to age 65" benefit payment period for TSC) and with automatic acceptance up to a certain limit. Competitive fee structure, including 3 levels of rebates, eg increasing fee rebates for larger account balances - we take into account the combined account balance of the employer plan. Comprehensive member education, communication and reporting - online and face-to-face. Online account access that gives members 24 hour access and up to date information on their super account. Leading administration systems and integrated technology. Electronic contributions, clearing house, policy committee support, super updates and reporting for employers. Dedicated Business Relationship Manager and Business Development Manager. Extra benefits such as family members can join the plan at the same fee structure as the employee member, financial/retirement planning, financial seminars, and banking package.
Administrator:	AMP Life Limited
Auditors:	Ernst & Young
Custodian:	BNP Paribas
Asset Consultant:	AMP Life Limited, AMP Capital Investors, Mercers Investment Consulting (for the multi manager Future Directions Funds range).
Lawyers:	AMP Legal

INVESTMENT OPTIONS
Future Directions Conservative	A multi-manager fund that gives investors access to a diversified portfolio with a bias towards income assets (cash, bonds and alternative assets) of 70%, while having a limited exposure to growth assets (shares and property) of 30%.
Future Directions Moderately Conservative	A multi-manager fund that gives investors access to a diversified portfolio with 51% of the portfolio invested in income asset (cash, bonds and alternative assets) and 49% of the portfolio invested in growth assets (share and property).
Future Directions Balanced	A multi-manager fund that gives investors access to a diversified portfolio with 68% of the portfolio invested in growth assets (shares and property) and 32% of the portfolio invested in income assets (cash, bonds and alternative assets).
Future Directions Growth	A multi-manager fund that gives investors access to a diversified portfolio with 80% of the portfolio invested in growth assets (shares and property) and 20% of the portfolio invested in income assets (cash, bonds, and alternative assets).
Future Directions High Growth	A multi-manager fund that gives investors access to a diversified portfolio that primarily invests in shares with some exposure to property and alternative assets.
Future Directions Australian Bond	A multi-manager approach to investing in short and long term fixed interest securities. managers include AMP Capital Investors (including Goldman Sachs Asset Management) and Vianova Asset Management.
Future Directions Australian Share	A multi-manager approach to investing primarily in shares on the Australian Stock Exchange. Managers include AMP Capital Investors, Ausbil Dexia, JF Capital Partners, Lazard Asset Management, Platypus Asset Management, Tyndall Asset Management, Kinetic Investment Partners and Renaissance Asset Management.
Future Directions International Bond	A multi manager approach to investing in a diversified range of international fixed interest securities. Managers include Credit Agricole Asset Management, Goldman Sachs Asset Management, Hyperion Capital Management, Mondrian Investment Partners and Putnam Investments.
Future Directions International Share	A multi manager approach to investing primarily in shares on world stock exchanges. Managers include Alliance Growth Equities, Arrowstreet Capital, Baillie Gifford, Bernstein Value Equities, BlackRock Investment Managers, GMO, MIR Investment Management, Rexiter Capital Management, T.Rowe Price, Taube Hodson Stonex Partners, Treasury Asia Asset Management, Charlemagne Capital, Colonial First State, Genesis Investment Management, Schroders, AXA Rosenberg, Fortis Investments, IronBridge Capital Management, Morgan Stanley, Rheos Capital Works and Rothschild Asset Management.
Future Directions Extended Markets International Share	A multi-manager approach to investing in global mid and small cap shares including emerging markets shares. Managers include AXA Rosenberg, Fortis Investments, IronBridge Capital Management, Morgan Stanley, Rheos Capital Works, Rothschild Asset Management and Schroders.
Future Directions Geared Australian Share	A multi-manager approach that “gears” into a pure Australian share portfolio. Managers include AMP Capital Investors, Ausbil Dexia, JF Capital Partners, Lazard Asset Management, Platypus Asset Management, Tyndall Asset Management, Kinetic Investment Partners and Renaissance Asset Management.
Future Directions Hedged International Share	A multi manager approach to investing primarily in shares on world stock exchanges. The fund is normally fully hedged to Australian dollars. Managers include Alliance Growth Equities, Arrowstreet Capital, Baillie Gifford, Bernstein Value Equities, BlackRock Investment Managers, GMO, MIR Investment Management, Rexiter Capital Management, T.Rowe Price, Taube Hodson Stonex Partners, Treasury Asia Asset Management, Charlemagne Capital, Colonial First state, Genesis Investment Mangement, Schroders, AXA Rosenberg, Fortis Investments, IronBridge Capital Management, Morgan Stanley, Rheos Capital Works and Rothschild Asset Management.
Future Directions Australian Small Companies	A multi-manager approach to investing primarily in smaller Australian companies (outside the top 100 by market value) listed on the Australian Stock Exchange. Managers include AMP Capital Investors, Kinetic Investment Partners and Renaissance Asset Management.
Future Directions Property	A multi-manager approach to investing in Australian listed property trusts, Australian direct property and global listed property securities. Managers include AMP Capital Investors (Australia and Asia), KG Redding (North America), AMP Capital Redding Investors (UK and Europe), CBRE Global Real Estate Securities, Invesco, Perennial Investment Partners, Arlington Securities, Domaine Property Funds, GPT Group Investa Property Group, Lend Lease Real Estate Investments, Multiplex Capital, Principal Global Investors, Retirement Villages Group, and Macquarie Bank.
Future Directions Total Return Fund	A multi-manager approach that offers investors leveraged returns based on a global portfolio of hedged funds, through a total return swap.
Future Directions Emerging Markets	A multi manager approach that provides investors with the opportunity to access emerging market share. A multi manager approach that invests via a multi manager vehicle. The Fund has been specifically designed to maximise portfolio efficiency by accessing those areas of the market not traditionally covered by benchmarks such as the MSCI World Index. Managers include Charlemagne Capital, Colonial First State, Genesis Investment Management, Schrodes, AXA Rosenberg, Fortis Investments, IronBridge Capital Management, Morgan Stanley, Rheos Capital Works and Rothschild Asset Management.

Investment Performance (crediting rates)	Growth Asset Weighting	Performance to 30 June 2008
		1yr	3yr	5yr
Future Directions Conservative	Gth –30% Def – 70%	-3.1%	3.7%	5.2%
Future Directions Moderately Conservative	Gth – 49% Def – 51%	-6.2%	4.2%	6.5%
Future Directions Balanced	Gth – 68%  Def – 32%	-9.1%	5.3%	8.0%
Future Directions Growth	Gth – 80% Def – 20%	-10.5%	6.2%	9.0%
Future Directions High Growth	Gth – 92% Def – 8%	-12.3%	6.7%	9.9%
Future Directions Australian Bond	Gth – 0% Def – 100%	1.6%	1.7%	2.2%
Future Directions Australian Share	Gth – 100% Def – 0%	-13.8%	8.7%	12.9%
Future Directions International Bond	Gth – 0% Def – 100	-2.4%	0.5%	2.2%
Future Directions International Share	Gth – 100% Def – 0%	-20.3%	0.4%	3.4%
Future Directions Extended Markets International Share	Gth – 100% Def – 0%	-18.4%	2.3%	-
Future Directions Geared Australian Share	Gth – 100% Def – 0%	-32.2%	9.0%	-
Future Directions Hedged International Share	Gth – 100% Def – 0%	-13.1%	6.6%	-
Future Directions Australian Small Companies	Gth – 100% Def – 0%	-22.8%	8.7%	-
Future Directions Property	Gth – 100% Def – 0%	-14.6%	4.9%	-
Future Directions Total Return Fund	Gth – n/a Def – n/a	20.7%	11.2%	-
Future Directions Emerging Markets	Gth – 100% Def – 0%	-7.8%	-	-

Past performance is not a reliable indicator of future performance. Returns are calculated from changes in unit prices or interest rates declared over the periods shown. Returns are after deduction of the relevant Management Fee and superannuation fund earnings tax.

Returns assume a sum of money is invested at the beginning of the period and neither drawn upon nor added to throughout that period. The actual rate of return of your account will vary from those shown depending on your account features (such as fees and rebates) in CustomSuper and the timing of withdrawals or switches.

You can obtain updated performance information by asking your financial planner, visiting www.customsuper.amp.com.au or by calling us on 1300 653 456

Insurance Available:	Death, Death / TPD, Income Protection.
Extra Benefits:	Family members can join the plan at the same ee structure as the employee member, financial/retirement planning, financial seminars, online account details/transactions and banking package.
Communications:	Membership Booklets; Investment Booklets; Insurance Booklets; publications and monthly investment performance available on website.
Employer Services:	Dedicated account manager, policy committee assistance, online contribution payments, clearing house, regular and online reporting, full range of member seminars and education program.

FEES
Establishment fee	Up to 1% of initial assets transferred into CustomSuper.
Contribution fee	Negotiated between client and planner and may range from nil up to a maximum 4.5% of each contribution received.
Asset Administration fee	All Admin Fees, Investment Management Fees, and Expense Recoveries are charged as one fee known as the Management Fee and cannot be disclosed separately. Investment options ranges from 1.75% to 2.80%. A Management Fee Rebate may apply if your total account balance is at least $100,000 or if the total assets in the employer plan are $1.5m or more at the end of each month.
Issuer fee	Up to 10% of insurance fee (incl stamp duty).
Trustee/Expense Recovery fee	Included in Management Fee.
Management Cost - member fee ($ per week / annum)	If member's account balance is $10,000 or more: NIL. If member's account balance is between $1,000 and $10,000: $7.60
Management Cost - investment fee (% p.a.)	Included in Management Fee.
Additional Adviser Servicing fee	Negotiated with the planner.
Fee Discounts	Management Fee Rebate applies if a member's account balance is greater than $100,000 or if the total assets of the plan are $1.5 million or more at the end of each month. The maximum Management Fee Rebate is 1.30% pa of member's account balance.

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