Friday, 10 July 2020 Investment Menu News This page summarises recent changes involving product issuers, managed investments and listed securities offered through Macquarie Wrap. For a more comprehensive list, please refer to the Investment Menu on the Wrap website. We strongly recommend you check this on a regular basis. Important Notices Review important managed investment updates and information that may affect your clients Type of update Product Issuer / Fund Name / APIR Code Communication FEE / SPREAD CHANGES Colonial First State Investments Ltd Management fee reductions effective 8 June 2020. Aspect Diversified Futures Fund – Class A FSF1086AU Franklin Templeton Investments Aust Ltd Fee changes and updated disclosure documents effective 1 July 2020. Franklin Templeton funds on wrap MLC Investments Ltd (MLC) Spread changes effective 26 June 2020 Masterkey Unit Trust Funds MLC Wholesale Funds – including MLC Inflation Plus, Horizon, Asset Class and Pre- Select funds. Spread changes effective 22 June 2020. Nikko Asset Management Limited Nikko AM Australian Bond Fund TYN0104AU Perpetual Investment Management Limited Spread changes for Perpetual Wholesale Fixed Income and Diversified funds effective 19 June 2020 Perpetual Wholesale Fixed Income and Diversified funds on wrap Spread changes for WealthFocus and PST funds effective 19 June 2020 WealthFocus and PST funds on wrap Schroder Investment Management Fee reductions effective 1 October 2020 Australia Limited Schroder funds on wrap State Street Global Advisors, Australia Fee changes effective 1 July 2020 Services State Street Australian Equity Fund SST0048AU State Street Global Equity Fund SST0050AU UBS Global Asset Management Ltd Spread changes effective 17 June 2020 UBS funds on wrap FUND UPDATES AMP Capital Investors Ltd Leadership transition All AMP Capital funds on wrap AMIT Implementation Charter Hall Direct Property Management Sale of units Ltd Recent property acquisition Charter Hall Direct CDC Trust MAQ0834AU Charter Hall Direct PFA Fund MAQ5880AU Cromwell Property Group Liquidity event commenced 1 July 2020 giving investors the opportunity to withdraw from the Fund. The offer will conclude at 5pm AEST on Friday 31 July 2020. Wrap's cut off is 12 pm, Cromwell Direct Property Fund CRM0018AU Thursday 30 July 2020. The fund is paying prorated redemptions for the May 2020 redemption period. This has now been processed and paid to investors. Any unfulfilled redemption orders will be cancelled, and advisers will need to place another redemption if they wish to continue to redeem. LM Investment Management Limited (LM) BDO the liquidator of the Funds provides details of the progress made in the winding up of the Fund. LM Wholesale Mortgage Income Fund LMI0007AU Regular fund updates can also be found on http://www.lmfmif.com/ LM Wholesale Mortgage Income Fund 12 months LMI0008AU Macquarie Investment Management Sales of assets and wind-up update Australia Limited Macquarie Global Infrastructure Trust II MAQ0353AU Perpetual Investment Management Limited Standard Risk Measures changes effective 29 June 2020 Perpetual wholesale and Wealthfocus funds on wrap Platinum Investment Management Limited Trade date changes effective on or around 4 August 2020. Platinum Trusts on wrap Primary Securities Ltd Fund update - Primary is making a payment to all unit holders of 2.5 cents per unit, which is a capital payment. Addwealth Achiever Fund TAM0001AU Vanguard Investments Australia Ltd Vanguard Ethically Conscious International Fund changes Shares Index Fund VAN8175AU Fund changes Vanguard Ethically Conscious International Shares Index ETF ASX: VESG Vanguard Ethically Conscious Global Aggregate Bond Index Fund (Hedged) VAN2989AU Vanguard Ethically Conscious Global Aggregate Bond Index (Hedged) ETF ASX: VEFI FUND CLOSURES / Challenger Retirement Services Limited Closed to applications effective 30 June 2020 TERMINATIONS Challenger Guaranteed Pension Fund 30 June 2021 HOW0096AU GSFM Responsible Entity Services Limited Final termination proceeds have been received and paid to investors. The Fund is no longer an available investment through us.* Triple3 Volatility Advantage Fund GSF0009AU Macquarie Investment Management Hard Closure Limited (MIML) MIML as the responsible entity of the Separately Managed Account (SMA) has advised the Apt Wealth Partners Balanced Model Portfolio closure of this SMA model to applications and autoplans* SMAAPT01S Important: Applications All applications received on or after 23 June 2020 will not be processed and will be cancelled by us. Application monies will be returned to investors. Redemptions The SMA will continue to accept redemptions across all products. PRODUCT DISCLOSURE AQR Capital Management, LLC Effective 1 July 2020. Click here for a summary of the key changes. UPDATES (PDS) AQR Wholesale DELTA Fund - Class IF PER0554AU AMP Capital Investors Ltd AMP Capital Corporate Bond Fund - Class A Effective 29 June 2020. Click here for a summary of the key changes. AMP0557AU Effective 29 June 2020. Click here for a summary of the key changes. AMP Capital Global Infrastructure Securities Fund - Unhedged AMP1593AU Effective 29 June 2020. Click here for a summary of the key changes. AMP Capital Global Property Securities Fund Effective 29 June 2020. Click here for a summary of the key changes for the Listed Property Class A AMP0974AU Trusts. AMP Capital Listed Property Trusts - Class A AMP0255AU K2 Asset Management Ltd Effective 1 July 2020. Main change to the RG97 disclosures. K2 Asian Absolute Return Fund KAM0100AU K2 Australian Absolute Return Fund KAM0101AU K2 Select International Absolute Return Fund ETL0046AU Mercer Investments (Australia) Limited Effective 1 July 2020. Click here for a summary of the key changes. (MIAL) Mercer High Growth Fund MIN0012AU Mercer Moderate Growth Fund – Active Units MIN0014AU Mercer Conservative Growth Fund – Active Units MIN0009AU T. Rowe Investments Pty Ltd T. Rowe Price Dynamic Global Bond Fund - I Effective 1 July 2020. Click here for a summary of the key changes. class ETL0398AU T. Rowe Price Global Equity (Hedged) Fund - I Class ETL0071AU T. Rowe Price Global Equity Fund - M Class ETL8482AU Macquarie Investment Management Effective 1 July 2020. Main changes including updating the fees and costs disclosure to comply Australia Limited with RG97. MIMAL funds on wrap UBS Global Asset Management Ltd Effective 23 June 2020. The Fund name has been updated to UBS Short-Term Fixed Income Fund (previously the UBS Cash-Plus Fund). UBS Short-Term Fixed Income Fund SBC0812AU UNIT PRICING ERRORS Aberdeen Standard Investments Australia Aberdeen has advised of a unit pricing error that impacted the Fund between 19 July 2019 to 29 Limited November 2019. To correct the error, Aberdeen have compensated investors in cash. We are in the process of paying these proceeds to eligible investors. Aberdeen Standard Australian Fixed Income Fund CRS0004AU Following on from the unit pricing update on 21 November 2019, FIL have now compensated FIL Investment Management (Australia) investors in cash. We are in the process of paying these proceeds to eligible investors. Ltd (FIL) Fidelity Asia Fund FID0010AU Fidelity Global Demographics Fund FID0023AU Fidelity Global Emerging Markets Fund FID0031AU Fidelity Global Equities Fund FID0007AU Fidelity India Fund FID0015AU Ironbark Asset Management (Fund Ironbark has advised of a unit pricing error that impacted the Fund between 12 April 2020 to 21 Services) Limited April 2020. To correct the error, Ironbark have returned investors accounts to the position they would have been in, had the error not occurred. Ironbark GCM Global Macro Fund DEU0109AU Legg Mason Asset Management Australia Legg Mason has advised of a unit pricing error that impacted the Fund between 15 February 2019 Limited to 9 December 2019. To correct the error, Legg Mason are compensating investors in cash. We are in the process of paying these proceeds to eligible investors. Legg Mason Western Asset Global Bond SSB8320AU Aberdeen proposed changes to the constitutions for all their funds has been approved. Click here UNITHOLDER MEETINGS Aberdeen Standard Investments Australia to read more on the changes. Limited Aberdeen Standard funds on wrap * We offer several automated functions which rely on funds in the investor's portfolio remaining liquid. It's important to review impacted clients' accounts to ensure liquidity is enough to fund any automated transactions. Please note, where funds have been hard-closed, they have been removed from all future automatic plans (both top-up and sell-down plans) that are currently in place for your clients. Please review your clients’ accounts to determine whether any of these funds should be sold down manually and removed/replaced from their contribution and sell-down profiles. General Product Issuer Updates Technical and product information such as Fund manager research, market highlights, and more Fund Name / APIR Product Issuer Communication Code Aberdeen Standard Investments Australia N/a Limited Smaller Companies: ESG best practice La Trobe Financial N/a Investor update June 2020 Macquarie Investment Management Australia N/a Limited Insights from the Macquarie Fixed Income Strategic Forum Morningstar Investment Management AustraliaN/a Ltd Crisis or opportunity? 3 simple ways to think about markets today Russell Investment Management Limited N/a 2020 Global Market Outlook - Q3 update New managed investments effective 1 July 2020 Key: IDPS - Investment Consolidator/Manager SP - Super and Pension