Fund profiles

Acumen Principal Contact: Acumen Customer Service Centre Customer Service: Head Office: 1300 305 779 (02) 9086 6330  Address: Locked Bag 5037 Parramatta NSW 2124 Website: www.acumensuper.com.au Overview: Acumen is the corporate division of REST Industry Super, one of Australia's most established funds, operating since 1988. REST is Australia's largest industry super fund by membership, with over 1.9 million members and more than $20 billion in assets. Acumen members benefit from low fees, competitive long-term investment returns, tailored insurance and great customer service. Acumen attracted SuperRatings 'Platinum Performance 2011', SelectingSuper 'AAA Quality Rating' and Chant West Financial Services '5 Apple Rating 2010/11', and a 'Quality 5 Star Rating 2010' from Heron. Year of Establishment: 2002 Value of Acumen Funds: $400 million Fund Classification: Corporate Fund, Master Trust, Industry Fund, Public Offer Industry Fund. Acumen can administer defined benefits. Key Features: Choice of 13 investment options Administration of accumulation, defined benefit and hybrid funds Policy Committee support Comprehensive and personalised communication, education and reporting, including online newsletters and statements Low fees Successor fund transfers Personal division, spouse membership and Pensions for a lifetime of benefits. Spouse membership and personal and pension divisions, for a lifetime of benefits. Access to non-commission based financial advice Account management services and dedicated administrator contact Online access to member accounts via MemberAccess Health Fund and travel insurance benefits Access to discounted health and travel insurance and low home loans Administrator: Australian Administration Services Auditor: PricewaterhouseCoopers Custodian: State Street Asset Consultant: JANA Investment Advisers Lawyers: DLA Phillips Piper TurksLegal Clayton Utz Insurer: AIA Australia Limited Investment Options*   Core Strategy 25% defensive, 75% growth. A mix shares and bonds, property, infrastructure, alternative assets and cash. This is the default investment option. The Trustee reviews and adjusts the asset allocation for this option regularly. Structured Options Acumen offers members who are eligible and wish to make an investment selection the choice of structured asset allocations in five portfolios with a broad range of investment strategies. These options are multi-manager portfolios. In this way, Acumen minimises "manager risk" for members by diversifying each investment portfolio across a range of investment managers. Cash Plus 100% defensive Capital Stable 65% defensive, 35% growth Balanced 45% defensive, 55% growth Diversified 20% defensive, 80% growth High Growth 5% defensive, 95% growth Member-tailored options Seven Member-tailored options including Basic Cash, Cash, Bonds, Property, Shares, Australian shares and Overseas shares for eligible members who want to personalise their portfolio. These can also be mixed in any combination and proportion to create a fully customised investment option. ACUMEN's returns to 30 June 2011^ Growth Asset Weighting*     10 year return  5 year return 1 year return  Core Strategy 75% 6.99% 4.55% 9.56% Cash Plus 0% 4.55% 4.26% 4.65% Capital Stable 35% 5.93% 4.73% 6.60% Balanced 55% 6.31% 4.24% 7.06% Diversified 80% 6.83% 3.74% 7.28% High Growth 95% 6.91% 3.28% 7.35% Basic Cash 0% n/a n/a 4.17% Cash 0% 4.58% 4.41% 4.63% Bonds 0% 5.95% 6.39% 6.90% Shares 100% 6.67% 1.35% 4.97% Property 100% 6.48%** 5.08% 6.06% Australian Shares 100% 10.03%** 4.96% 8.81% Overseas Shares 100% 1.28%** -2.62% 1.03% * The allocation to growth and defensive assets for all options may vary from time to time within the ranges shown in Acumen's PDS ^ N/A applies to options running less than the indicated time periods. All returns are post investment management fees and tax. Returns for the five and ten year investment periods are annualised compound averages. Past performances is not necessarily an indicator of future performance.  ** Each of the Property, Australian Shares and Overseas Shares investment options commenced on 1 March 2002. To calculate the ten year return REST has included the returns of these classes of investments held by it for the balance of the ten year period. Insurance Available: Death only, Death and Total and Permanent Disablement, Income Protection. Extra Benefits: Pension, financial planning, financial seminars, online account details, online transactions, retirement planning, Clearing House services, low rate home loans, health insurance, travel insurance and banking. REST Personal division available for automatic transfer of assets when members leave their employer maintaining investment options and insurance benefits if applicable. Member Communications: Membership, insurance and investment booklets; publications and investment performance available on website, 6 monthly member statements and quarterly newsletters. Acumen also offers Online statements, and comprehensive education seminars. Employer Services: Online management of your contribution payments via Acumen's secure website - EmployerAccess, with a capability to link with your existing payroll system. Employee workplace seminars and visits. Regular newsletters to keep you up to date. Personalised service from Acumen's Client Service Relationship Managers. FEES Contribution fee Nil Withdrawal fee Nil (the first full withdrawal or partial withdrawal is free, then $25 per withdrawal thereafter) Termination fee Nil (unless successor fund transfer) Asset-based fee Accumulation Plans: 0.50% first $500K of plan assets 0.20% next $2 million 0.10% thereafter Defined Benefit Plans on application Insurance fee Variable, depends on the cover your employer chooses Member protection cost It varies from year to year and it was 0.07% for the year to 30 June 2011. Management cost - member administration fee $1.25 per member per week for straight forward accumulation plans. Up to $1.50 per member per week for complex or defined benefit plans Other management costs - investment fee, including any performance fee (% p.a.) From 0.05% pa to 0.87% pa (depending on the member's investment option for the year to 30 June 2011). This fee includes performance fees of up to 0.17%.  Switching fee First 4 switches per financial year are free, thereafter $20 per switch Fee Discounts Individually negotiated with the employer << Back to Main Listings Page