Research Choice Managed Portfolios

MyNorth® Managed Portfolios

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Accumulation range Income range Objective-based range

Five managed portfolios that aim to seek growth and reinvest earnings to further grow returns.

These may be suitable if you’re looking to save for your retirement.

Five managed portfolios that aim to provide higher recurring income with less downside risk than the accumulation range.

These may be suitable if you’re looking for income in retirement.

Two managed portfolios that seek set outcomes over defined periods with a focus on capital preservation.

These may be suitable if you’re looking for income and modest capital growth.

About Research Choice Managed Portfolios

The Research Choice Managed Portfolios are offered by NMMT Limited (NMMT), and expertly constructed and managed by the AMP Research team. There are 12 diversified managed portfolios available, designed to achieve different investment and risk objectives. Here’s a bit about them and what they aim to do:

About the AMP Research teamThe AMP Research team has substantial experience in fund manager research and portfolio management. In constructing and managing the portfolios, the team:

– selects assets from a range of managers to provide diversification across strategies and styles, and

– draws on quantitative and qualitative assessments to make portfolio changes to ensure they align to set investment objectives and risk levels.

Managed portfolios provide advisers and clients with a professionally managed investment solution that offers greater transparency of underlying investments compared to other structures such as a unit trust.

Managed portfolios can reduce the administration for advisers as there is no need to provide ROAs or obtain client approval for portfolio changes to be made. This allows advisers to dedicate more time to helping clients.

The Research Choice Managed Portfolios are well diversified by investment style, fully compliant with the AMP advice licensee investment framework and are supported by an intensive research and due diligence program. These portfolios are dynamically managed, adjusting sector and manager allocations in anticipation of market conditions for all clients without the adviser needing to do additional work. This can lead to better client experiences and outcomes.

The Responsible Entity provides quarterly updates, monthly performance reporting and rationale for changes to the portfolios as they occur.

Leanne Milton

AMP Head of Research

Research Choice Managed Portfolios are investment options available from a MyNorth, North®, Summit® or ipac Access® account. Full details on investing in these investment options can be found in the MyNorth Managed Portfolios product disclosure statement (PDS) available at northonline.com.au/managedportfolios.

Key benefits

The Research Choice Managed Portfolios offer you

A diversified portfolio of assets to help enhance returns and minimise risks

The managed portfolios will offer you exposure to diversified assets, including investments in the Advantage Funds range. The Advantage Funds offer access to investment strategies at great value.1

Highly experienced research team which specialises in building and managing diversified portfolios

The AMP Research team regularly monitors the managed portfolios and makes any necessary changes to the underlying assets to ensure they align with their stated investment and risk objectives. Any changes can be made quickly to help take advantage of emerging opportunities or to manage risk.

The ability to track the assets in the managed portfolio

You can see where your money is invested and track the performance of assets in the managed portfolios via North Online.

Ownership of assets in the managed portfolio

You’ll have beneficial ownership of the assets in the managed portfolio. You can choose to transfer the asset in and out of the managed portfolio.

What are the risksThe performance of the interest held for you in MyNorth Managed Portfolios will depend on the performance of the managed portfolio chosen, and the performance of the assets in the managed portfolio. The managed portfolios offered are subject to risk, including possible delays in repayment and loss of income and capital. No member of the AMP group or the investment manager(s) guarantee the repayment of capital, payment of income or the performance of the managed portfolios chosen.

All investments carry a risk component. Risk in an investment context refers to the possibility that the investment will not return its original capital or expected income and that the level of return will be volatile over any given time period. This risk can include market risk, company risk, currency risk, interest rate and inflation risk.

1 The Research Choice Managed Portfolios will include investment in the Advantage Funds range. AMP Capital Funds Management Limited (AMP Capital) ABN 15 159 557 721, AFSL 426455, is the responsible entity for this series of managed funds. AMP Capital is a member of the AMP group and receives fees in relation to acting in capacity of responsible entity. A current PDS for each of the managed funds within this series can be obtained free of charge online at amp.com.au/advantagefunds

The Research Choice Managed Portfolios offer a flexible and efficient way of investing and implementing your investment strategy to help you reach your financial goals.

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Snapshots

Research Choice Accumulation Managed PortfoliosA summary of the five managed portfolios that aim to seek growth and reinvest earnings to further grow returns. These may be suitable if you’re looking to save for your retirement. Full details can be found in the PDS.

Research Choice Conservative Accumulation Portfolio

Research Choice Moderately Conservative Accumulation Portfolio

Research Choice Balanced Accumulation Portfolio

Research Choice Moderately Aggressive Accumulation Portfolio

Research Choice Aggressive Accumulation Portfolio

Investor profile May be suitable for investors seeking low capital growth and low variability of returns or loss in any given year.

May be suitable for investors seeking moderate capital growth and lower variability of returns or loss in any given year.

May be suitable for investors seeking higher capital growth who are prepared to accept higher variability of returns or loss in any given year.

May be suitable for investors seeking higher capital growth who are prepared to accept higher variability of returns or loss in any given year.

May be suitable for investors seeking high capital growth who are prepared to accept high variability of returns or loss in any given year.

Minimum investment horizon 3 years 4 years 5 years 6 years 7 years

Investment objective Aims to provide stable returns through a diversified portfolio of primarily defensive assets.

Aims to provide moderate returns over the medium term through a diversified portfolio of primarily defensive assets and some growth assets.

Aims to provide moderate to high returns over the medium to long term through a diversified portfolio of growth and defensive assets.

Aims to provide moderate high returns over the long term through a diversified portfolio of primarily growth assets and some defensive assets.

Aims to provide high long-term returns through a diversified portfolio of primarily growth assets.

Investment management fee(i) 0.10% pa 0.10% pa 0.10% pa 0.10% pa 0.10% pa

Estimated indirect costs(ii) 0.57% pa 0.67% pa 0.79% pa 0.88% pa 0.98% pa

Target exposure

Growth Defensive30 70 50 50 70 30 1585 100

Long-term average target class allocation

Growth assets

Australian shares

International shares

Listed property / Infrastructure

Alternatives

Defensive assets

Fixed income

Cash

5%

10%

12%

25%

45%

3%

9%

16%

21%15%

35%

4%13% 26%

27%

10%

20%

4%

13%

31%

36%

5%10%

5%

40%

39%

6%

15%

(i) A performance-based fee based on your managed portfolio balance that is deducted from the cash account.

(ii) Indirect costs may be more or less than the estimated amounts and are reflected in the unit price of the underlying assets. Indirect costs may include management fees, performance-based fees, recoverable expenses, and costs of investing in derivatives.

Example of $100,000 investment in Research Choice Balanced Accumulation Portfolio

The Research Choice Balanced Accumulation Portfolio offers exposure to diversified assets, including investments in the Advantage Funds range. The Advantage Funds offer access to investment strategies at great value from a range of fund managers and are issued by AMP Capital Funds Management Limited. Asset allocation is at 30 June 2019 and can vary from time to time.

Growth Defensive

Australian shares Global equities Property and infrastructure Alternatives Fixed interest Cash

$9,470 $9,380 $7,250 $3,880 $6,830 $9,260

$6,170 $5,650 $3,520 $6,910

$6,090 $5,400 $3,130 $3,700

$5,920 $5,640 $1,800

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Research Choice Accumulation Managed PortfoliosA summary of the five managed portfolios that aim to seek growth and reinvest earnings to further grow returns. These may be suitable if you’re looking to save for your retirement. Full details can be found in the PDS.

Research Choice Conservative Accumulation Portfolio

Research Choice Moderately Conservative Accumulation Portfolio

Research Choice Balanced Accumulation Portfolio

Research Choice Moderately Aggressive Accumulation Portfolio

Research Choice Aggressive Accumulation Portfolio

Investor profile May be suitable for investors seeking low capital growth and low variability of returns or loss in any given year.

May be suitable for investors seeking moderate capital growth and lower variability of returns or loss in any given year.

May be suitable for investors seeking higher capital growth who are prepared to accept higher variability of returns or loss in any given year.

May be suitable for investors seeking higher capital growth who are prepared to accept higher variability of returns or loss in any given year.

May be suitable for investors seeking high capital growth who are prepared to accept high variability of returns or loss in any given year.

Minimum investment horizon 3 years 4 years 5 years 6 years 7 years

Investment objective Aims to provide stable returns through a diversified portfolio of primarily defensive assets.

Aims to provide moderate returns over the medium term through a diversified portfolio of primarily defensive assets and some growth assets.

Aims to provide moderate to high returns over the medium to long term through a diversified portfolio of growth and defensive assets.

Aims to provide moderate high returns over the long term through a diversified portfolio of primarily growth assets and some defensive assets.

Aims to provide high long-term returns through a diversified portfolio of primarily growth assets.

Investment management fee(i) 0.10% pa 0.10% pa 0.10% pa 0.10% pa 0.10% pa

Estimated indirect costs(ii) 0.57% pa 0.67% pa 0.79% pa 0.88% pa 0.98% pa

Target exposure

Growth Defensive30 70 50 50 70 30 1585 100

Long-term average target class allocation

Growth assets

Australian shares

International shares

Listed property / Infrastructure

Alternatives

Defensive assets

Fixed income

Cash

5%

10%

12%

25%

45%

3%

9%

16%

21%15%

35%

4%13% 26%

27%

10%

20%

4%

13%

31%

36%

5%10%

5%

40%

39%

6%

15%

(i) A performance-based fee based on your managed portfolio balance that is deducted from the cash account.

(ii) Indirect costs may be more or less than the estimated amounts and are reflected in the unit price of the underlying assets. Indirect costs may include management fees, performance-based fees, recoverable expenses, and costs of investing in derivatives.

Example of $100,000 investment in Research Choice Balanced Accumulation Portfolio

The Research Choice Balanced Accumulation Portfolio offers exposure to diversified assets, including investments in the Advantage Funds range. The Advantage Funds offer access to investment strategies at great value from a range of fund managers and are issued by AMP Capital Funds Management Limited. Asset allocation is at 30 June 2019 and can vary from time to time.

Growth Defensive

Australian shares Global equities Property and infrastructure Alternatives Fixed interest Cash

$9,470 $9,380 $7,250 $3,880 $6,830 $9,260

$6,170 $5,650 $3,520 $6,910

$6,090 $5,400 $3,130 $3,700

$5,920 $5,640 $1,800

The Research Choice Managed Portfolios have been designed to achieve different investment and risk objectives.

These snapshots provide a high level summary. Full details can be found in the PDS.

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Research Choice Income Managed Portfolios A summary of the five managed portfolios that aim to provide higher recurring income, with less downside risk when compared to the accumulation managed portfolios. Income will be paid to your cash account and not reinvested (unless instructed otherwise). These may be suitable if you’re looking for steady income in retirement. Full details can be found in the PDS.

Research Choice Objective-based Managed PortfoliosA summary of the two managed portfolios that seek set outcomes over defined periods with a focus on capital preservation. These may be suitable for clients looking for income and modest capital growth.

Research Choice Conservative Income Portfolio

Research Choice Moderately Conservative Income Portfolio

Research Choice Balanced Income Portfolio

Research Choice Moderately Aggressive Income Portfolio

Research Choice Aggressive Income Portfolio

Research Choice Cautious Income Portfolio

Research Choice Income Builder Portfolio

Investor profile May be suitable for investors seeking stable, additional income and low variability of returns or loss in any given year.

May be suitable for investors seeking additional income and lower variability of returns or loss in any given year.

May be suitable for investors seeking higher income who are prepared to accept higher variability of returns or loss in any given year.

May be suitable for investors seeking higher income who are prepared to accept higher variability of returns or loss in any given year.

May be suitable for investors seeking higher income who are prepared to accept high variability of returns or loss in any given year.

May be suitable for low to zero taxpayers seeking income with reduced volatility and capital preservation.

May be suitable for low to zero taxpayers seeking income with lower volatility and some capital gain.

Minimum investment horizon 3 years 4 years 5 years 6 years 7 years 4 years 5 years

Investment objective Aims to provide stable returns and higher income through a diversified portfolio of primarily defensive assets.

Aims to provide higher income and reduced volatility over the medium term through a diversified portfolio of primarily defensive assets and some growth assets.

Aims to provide higher income and reduced volatility over the medium to long term through a diversified portfolio of growth and defensive assets.

Aims to provide higher income and reduced volatility over the medium to long term through a diversified portfolio of growth assets and some defensive assets.

Aims to provide higher income and reduced volatility over the long term through a diversified portfolio of primarily growth assets.

Aims to provide regular and higher income, modest capital growth with a strong focus towards capital preservation.

Aims to provide higher current and future income, modest capital growth and a greater focus on capital preservation.

Investment management fee(i) 0.10% pa 0.10% pa 0.10% pa 0.10% pa 0.10% pa 0.10% pa 0.10% pa

Estimated indirect costs(ii) 0.59% pa 0.66% pa 0.73% pa 0.80% pa 0.88% pa 0.66% pa 0.72% pa

Target exposure

Growth Defensive30 70 50 50 70 30 1585 100

Long-term average target class allocation

Growth assets

Australian shares

International shares

Listed property / Infrastructure

Alternatives

Defensive assets

Fixed income

Cash

5%

7%

15%20%

50%

3%

9%

10%

27%

10%

40%

4%13%

17%

36%

10%

20%

4%

13%

23%

44%

5%10%

5%

31%

48%

6%

15%

8%

8%

23%

5%

52%

4%9%

10%

35%42%

4%

(i) A performance-based fee based on your managed portfolio balance that is deducted from the cash account.

(ii) Indirect costs may be more or less than the estimated amounts and are reflected in the unit price of the underlying assets. Indirect costs may include management fees, performance-based fees, recoverable expenses, and costs of investing in derivatives.

Example of $100,000 investment in Research Choice Balanced Income Portfolio

The Research Choice Balanced Income Portfolio offers exposure to diversified assets, including investments in the Advantage Funds range. The Advantage Funds offer access to investment strategies at great value from a range of fund managers and are issued by AMP Capital Funds Management Limited. Asset allocation is at 30 June 2019 and can vary from time to time.

Growth Defensive

Australian shares Global equities Property and infrastructure Alternatives Fixed interest Cash

$9,190 $9,280 $5,330 $3,920 $4,760 $9,600

$8,670 $4,150 $8,780 $4,500

$8,830 $4,110 $10,370

$8,510

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Research Choice Income Managed Portfolios A summary of the five managed portfolios that aim to provide higher recurring income, with less downside risk when compared to the accumulation managed portfolios. Income will be paid to your cash account and not reinvested (unless instructed otherwise). These may be suitable if you’re looking for steady income in retirement. Full details can be found in the PDS.

Research Choice Objective-based Managed PortfoliosA summary of the two managed portfolios that seek set outcomes over defined periods with a focus on capital preservation. These may be suitable for clients looking for income and modest capital growth.

Research Choice Conservative Income Portfolio

Research Choice Moderately Conservative Income Portfolio

Research Choice Balanced Income Portfolio

Research Choice Moderately Aggressive Income Portfolio

Research Choice Aggressive Income Portfolio

Research Choice Cautious Income Portfolio

Research Choice Income Builder Portfolio

Investor profile May be suitable for investors seeking stable, additional income and low variability of returns or loss in any given year.

May be suitable for investors seeking additional income and lower variability of returns or loss in any given year.

May be suitable for investors seeking higher income who are prepared to accept higher variability of returns or loss in any given year.

May be suitable for investors seeking higher income who are prepared to accept higher variability of returns or loss in any given year.

May be suitable for investors seeking higher income who are prepared to accept high variability of returns or loss in any given year.

May be suitable for low to zero taxpayers seeking income with reduced volatility and capital preservation.

May be suitable for low to zero taxpayers seeking income with lower volatility and some capital gain.

Minimum investment horizon 3 years 4 years 5 years 6 years 7 years 4 years 5 years

Investment objective Aims to provide stable returns and higher income through a diversified portfolio of primarily defensive assets.

Aims to provide higher income and reduced volatility over the medium term through a diversified portfolio of primarily defensive assets and some growth assets.

Aims to provide higher income and reduced volatility over the medium to long term through a diversified portfolio of growth and defensive assets.

Aims to provide higher income and reduced volatility over the medium to long term through a diversified portfolio of growth assets and some defensive assets.

Aims to provide higher income and reduced volatility over the long term through a diversified portfolio of primarily growth assets.

Aims to provide regular and higher income, modest capital growth with a strong focus towards capital preservation.

Aims to provide higher current and future income, modest capital growth and a greater focus on capital preservation.

Investment management fee(i) 0.10% pa 0.10% pa 0.10% pa 0.10% pa 0.10% pa 0.10% pa 0.10% pa

Estimated indirect costs(ii) 0.59% pa 0.66% pa 0.73% pa 0.80% pa 0.88% pa 0.66% pa 0.72% pa

Target exposure

Growth Defensive30 70 50 50 70 30 1585 100

Long-term average target class allocation

Growth assets

Australian shares

International shares

Listed property / Infrastructure

Alternatives

Defensive assets

Fixed income

Cash

5%

7%

15%20%

50%

3%

9%

10%

27%

10%

40%

4%13%

17%

36%

10%

20%

4%

13%

23%

44%

5%10%

5%

31%

48%

6%

15%

8%

8%

23%

5%

52%

4%9%

10%

35%42%

4%

(i) A performance-based fee based on your managed portfolio balance that is deducted from the cash account.

(ii) Indirect costs may be more or less than the estimated amounts and are reflected in the unit price of the underlying assets. Indirect costs may include management fees, performance-based fees, recoverable expenses, and costs of investing in derivatives.

Example of $100,000 investment in Research Choice Balanced Income Portfolio

The Research Choice Balanced Income Portfolio offers exposure to diversified assets, including investments in the Advantage Funds range. The Advantage Funds offer access to investment strategies at great value from a range of fund managers and are issued by AMP Capital Funds Management Limited. Asset allocation is at 30 June 2019 and can vary from time to time.

Growth Defensive

Australian shares Global equities Property and infrastructure Alternatives Fixed interest Cash

$9,190 $9,280 $5,330 $3,920 $4,760 $9,600

$8,670 $4,150 $8,780 $4,500

$8,830 $4,110 $10,370

$8,510

This brochure provides a summary on the Research Choice Managed Portfolios. Full details can be found in the MyNorth Managed Portfolios PDS available at northonline.com.au/managedportfolios

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We’re here to helpFor more information, please refer to the MyNorth Managed Portfolios PDS, or contact your financial adviser, or the North Service Centre on 1800 667 841.

phone 1800 667 841

web northonline.com.au

mail North Service Centre GPO Box 2915 MELBOURNE VIC 3001

What you need to know

Any advice in this document is provided by NMMT Limited ABN 42 058 835 573, AFSL 234653 (NMMT) and is general only. The issuer of MyNorth, North, Summit, iAccess Super and Pension products is N.M. Superannuation Pty Limited ABN 31 008 428 322, AFSL 234654 (NM Super). The issuer of MyNorth, North, Summit and iAccess Investment IDPS products and MyNorth Managed Portfolios is NMMT. AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) (AMPCFM) is the responsible entity of each of the Advantage Funds (Funds) and the issuer of the units in the Funds. The advice does not take into account any person’s personal objectives, financial situation or needs. Therefore, before acting on the advice, a person should consider the appropriateness of this advice having regard to those matters. Before making a decision about the product, a person should consider the MyNorth Managed Portfolios PDS available from northonline.com.au or by contacting the North Service Centre on 1800 667 841. NMMT is part of the AMP group and can be contacted on 1800 667 841 or north@amp.com.au. If a person decides to purchase or vary a financial product, companies within the AMP group will receive fees and other benefits, which will be a dollar amount or a percentage of either the premium they pay or the value of their investments. Contact AMP for more details.

The information in this document is current as at July 2019 and is subject to change without notice.

®MyNorth, North and Summit are registered trademarks of NMMT Limited ABN 42 058 835 573 AFSL 234653.

®ipac iAccess is a registered trademark of ipac asset management limited ABN 22 003 257 225.