Fund profiles

Acumen Principal Contact: Paul Sayer, Chief Operating Officer Customer Service: Head Office: 1300 305 779 (02) 9086 6303  Address: Locked Bag 5037 Parramatta NSW 2124 Website: www.acumensuper.com.au Overview: Acumen is a multi award winning corporate super offering. It is a division of REST Superannuation, which is one of Australia's most established funds, operating since 1988. And Rest is one of Australia's largest funds by membership, with over 1.9 million members and more than $17 billion in assets. Acumen members benefit from low fees, solid long-term investment returns, tailored insurance and great customer service; qualities which have resulted in a number of recent accolades. Acumen attracted a 'Platinum Rating 2010' from SuperRatings; a 'AAA Quality Rating' from SelectingSuper; a '5 Apple Rating 2010' from Chant West Financial Services; and a 'Quality 5 Star Rating 2009' from Heron. Year of Establishment: 2002 Value of Funds: $376 million Fund Classification: Corporate Fund Master Trust, Industry Fund, Public Offer Industry Fund, Acumen can administer defined benefits. Key Features: Administration of accumulation, defined benefit and hybrid funds Sensible range of investment options with consistently competitive long term returns Flexible insurance benefit design Policy committee support Comprehensive and personalised communication, education and reporting, including the option of online newsletters and statements Low, fair and transparent fees Successor fund transfers Personal division, spouse membership and Pensions for a lifetime of benefits Financial planning support available Account management services and dedicated administrator contact Online access to member accounts via MemberAccess, web, phone and post Ancillary Health Fund and travel insurance benefits Low cost banking service Administrator: Australian Administration Services Auditor: PricewaterhouseCoopers Custodian: JP Morgan Asset Consultant: JANA Investment Management Lawyers: DLA Phillips Fox Turks Legal Clayton Utz Insurer: AIA Australia Limited Investment Options*   Core Strategy 23% defensive, 77% growth. A mix shares and bonds, property, infrastructure, alternative assets and cash. This is the default investment option. The Trustee actively reviews 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 those who want to personalise their portfolio. These can also be mixed in any combination and proportion to create a fully customised investment option. REST's Superannuation returns to 30 June 2010   Fund Investment Option FYTD return 1 Year return 3 year return 5 year return Core Strategy 11.40% 11.40% -0.46% 5.52% Investment Performance Growth Asset Weighting* Performance to 30 June 2010     1yr 3yr 5yr Cash Plus 0% 4.76% 3.64% 4.33% Capital Stable 35% 10.07% 2.41% 5.00% Balanced 55% 11.52% 0.49% 4.98% Diversified 80% 12.86% -1.62% 5.08% High Growth 95% 13.72% -3.03% 5.00% Basic Cash 0% 3.09% n/a n/a Cash 0% 4.64% 3.84% 4.53% Bonds 0% 12.44% 6.91% 5.63% Shares 100% 15.25% -5.77% 4.12% Property 100% 0.11% 0.52% 5.72% Australian Shares 100% 20.63% -3.97% 7.27% Overseas Shares 100% 9.49% -8.22% 0.44% * The allocation to growth and defensive assets for all options may vary from time to time within the ranges shown in REST's PDS Insurance Available: Death, Death/TPD, Income Protection. Extra Benefits: Pensions, fnancial panning, fnancial sminars, online account details, online transactions, retirement planning. clearinghouse services, Account Management, Policy Committee Support. REST Personal division available for automatic transfer of assets when members leave their employer maintaining investment options and insurance benefits, health insurance, travel insurance and banking. Member Communications: Membership, insurance and investment booklets; Publications and investment performance available on website, 6 month employee reports, regular employer reports and quarterly newsletters. Acumen also offers online annual statements, and comprehensive education seminars. Employer Services: Online management of your contribution payments via REST'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 REST's Client Service Managers and our Employer Service Centre (1300 305 775). FEES Contribution fee Nil (where contributions are paid electronically) Withdrawal fee Nil (the first 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 Nil (up to $0.25 per member per week for non-standard insurer) Management Cost - member fee ($ per week / annum) $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 Management Cost - investment fee (% p.a.) As at 30 June 2009, 0.06% to 0.76% depending on your chosen investment option. This fee includes performance fees of up to 0.24% 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