30/11/2011 Following a recent review of the Strategic Asset Allocation (SAA) of the BTIM Diversified Funds and PSTs (Funds), the neutral positions of the Funds have changed with immediate effect. The SAA process involves the positioning of the underlying asset classes across each of the Funds aimed at achieving their investment objectives. The following tables outline the current and new neutral positions of the Funds. – BT Wholesale Conservative Outlook Fund – BT Conservative Outlook PST – BT Institutional Stable Growth PST – BT Institutional Conservative Growth PST – BT Super Trust – Capital Stable Fund
Asset Class | Current Neutral Position | New Neutral Position |
Cash | 17% | 17% |
Australian Fixed Interest | 34% | 40% |
International Fixed Interest | 15% | 12% |
Australian Shares | 15% | 15% |
International Shares | 8% | 5% |
Australian Property | 3% | 2% |
International Property | 2% | 1% |
Alternative Investments | 6% | 8% |
Total | 100% | 100% |
– BT Wholesale Balanced Returns Fund – BT Balanced Returns PST – BT Super Trust – Investment Fund
Asset Class | Current Neutral Position | New Neutral Position |
Cash | 10% | 10% |
Australian Fixed Interest | 17% | 21% |
International Fixed Interest | 7% | 9% |
Australian Shares | 33% | 30% |
International Shares | 18% | 15% |
Australian Property | 4% | 3% |
International Property | 3% | 2% |
Alternative Investments | 8% | 10% |
Total | 100% | 100% |
– BT Wholesale Active Balanced Fund – BT Active Balanced PST – BT DIY Active Balanced PST
Asset Class | Current Neutral Position | New Neutral Position |
Cash | 2% | 4% |
Australian Fixed Interest | 17% | 20% |
International Fixed Interest | 7% | 8% |
Australian Shares | 38% | 35% |
International Shares | 20% | 18% |
Australian Property | 5% | 3% |
International Property | 3% | 2% |
Alternative Investments | 8% | 10% |
Total | 100% | 100% |
– BT Wholesale Future Goals Fund
Asset Class | Current Neutral Position | New Neutral Position |
Cash | 2% | 3% |
Australian Fixed Interest | 8% | 10% |
International Fixed Interest | 4% | 7% |
Australian Shares | 45% | 41% |
International Shares | 25% | 24% |
Australian Property | 5% | 3% |
International Property | 3% | 2% |
Alternative Investments | 8% | 10% |
Total | 100% | 100% |
Notice of Termination: BT Wholesale Regular Income Fund (ARSN: 124 559 904) Please note: The BT Wholesale Regular Income Fund (Fund) has been terminated effective Thursday 11th August 2011. The Fund has been closed to all redemptions or transfers with effect from Thursday 11th August 2011 at 1.30pm (Sydney time). Any redemption or transfer requests received after this time will be returned. As the Fund has been terminated, the assets remaining in the Fund will be realised and the proceeds distributed to all investors in proportion to their unit holding. A letter has been sent (effective Thursday 11th August) to investors and advisers with a current investment in the Fund providing additional information regarding the termination.