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Fund Overview BT Core Hedged Global Share Fund Fact Sheet March 2017 Product Name APIR Inception Date Fund Status Distribution Frequency Fund Size BT Investment Funds RFA0030AU November 2001 Open Annually $15.55 million ICR (Management Fee) 1.87% Asset Class Recommended Investment Timeframe Risk Category International Shares 5 years + Aggressive As at 30/06/2016 Latest unit prices (entry/exit) information is available at bt.com.au Fund Management The Fund is managed by an investment manager selected by BT Investment Management (Institutional) Limited. Investment Objective The Fund aims to provide a return (before fees, costs and taxes) that exceeds the MSCI World ex Australia (Standard) Index (Net Dividends) hedged to AUD over the medium to long term. Investment Strategy The Fund is actively managed and seeks what the manager perceives to be the best investment opportunities within a broad portfolio of international investments. Whilst the Fund can invest in any international market that offers attractive opportunities, most investments will be located in the United States, Europe and Japan. Investment Performance Growth of $10,000 invested Since inception (net of ongoing fees) 40,000 Value ($) 30,000 20,000 10,000 0 200 1 200 3 200 5 200 7 200 9 201 1 201 3 201 5 Month Ended BT Core Hedged Global Share Fund Performance (%) (as at 31/03/2017) Income Return 3 months 1 year (pa) 3 years (pa) Benchmark 5 years Since (pa) Incep.(pa) 0.00 0.00 0.00 0.76 6.19 Growth Return 5.29 15.26 8.29 11.97 0.22 Total Return 5.29 15.26 8.29 12.74 6.41 Benchmark Return 5.70 18.82 10.34 13.77 8.05 Performance returns are calculated net of ICR (Management Fees) and pre tax. Past performance is not a reliable indicator of future performance, the value of your investment can go up and down. Performance figures are calculated in accordance with the Financial Services Council (FSC) standards. Total returns are calculated to the last day of each month (unless otherwise indicated) using exit prices and assuming reinvestment of distributions (which may include net realised capital gains from the sale of fund assets). No allowance is made for tax paid as an investor, other than withholding tax on foreign investments (if any). Top Holdings Asset Allocation Holdings (as at 31/03/2017) Apple Ord Shs PNC Financial Services Group Ord Shs Microsoft Ord Shs UnitedHealth Group Ord Shs Wells Fargo Ord Shs 1.9% Applied Material Ord Shs 1.2% 1.4% SunTrust Banks Ord Shs 1.1% 1.4% 1.4% 1.2% Delta Air Lines Ord Shs Covestro Ord Shs Johnson & Johnson Ord Shs 1.1% 1.1% 1.1% Strategic Asset Allocation International shares Cash Ranges 80-100 0-20 By Sector Allocation (as at 31/03/2017) 18.5% Europe 6.4% United Kingdom Asia ex Japan 1.6% Japan 8.5% North America 63.9% Cash & other 1.1% 0% 10% 20% 30% 40% 50% 60% 70% Progress of the Portfolio Investment Pre fees and taxes the portfolio outperformed its benchmark during the March quarter, driven by outperformance of active positioning within Europe, offset somewhat by underperformance in North American markets. The US market was strong with the S&P 500 returning 6.05% for the quarter, however it ended the quarter on a slightly cautious tone as concerns grew around Trump’s ability to get his fiscal policies through after failing with his healthcare reforms. European markets were a lot stronger despite continuing political concerns around the upcoming French elections, with the Eurostoxx 50 up 6.8%. The UK market still managed a positive return of 2.5% despite triggering Article 50 to start the Brexit process. Better than expected economic data as well as positive messages on outlook for growth from the ECB saw German markets react positively, returning 7.8% for the quarter. Shares in Asia were mixed. On the positive side the Hang Seng was up a strong 10.1% for the quarter. The Nikkei (-0.14%) was down over the quarter as the yen climbed to its highest level against the US dollar since November, on the back of rising US uncertainty. Other Features Make an initial investment of $5,000 or $2,000 if you set up a Regular Investment Plan. No minimum investment required per Fund. To invest with BT, ensure you have read the relevant Product Disclosure Statement (PDS) for this fund and then complete a BT Online Application Form. Alternatively, you can request a PDS and application form from our website or call BT Customer Relations. BT Margin Lending will loan against this Fund via a BT Margin Loan. The Loan to Value Ratio (LVR) for this Fund is 75%. Lending ratios are subject to change without notice. BT Funds Management Limited ABN 63 002 916 458, AFSL 233724, BT Funds Management No. 2 Limited ABN 22 000 727 659, AFSL 233720 and Westpac Financial Services Limited ABN 20 000 241 127, AFSL 233716 are the Responsible Entities of the BT Investment Funds Product Disclosure Statement (PDS). BT Funds Management No. 2 Limited ABN 22 000 727 659, AFSL 233720 is the issuer of units in, the BT Core Hedged Global Share Fund (the Fund). A PDS and Financial Services Guide (FSG) is available for the Fund and can be obtained by calling BT Customer Relations on 132 135, or visiting www.bt.com.au. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of units in the Fund. The information in this flyer is factual only. It does not constitute financial product advice. Before acting on this information you should seek independent financial and taxation advice to determine its appropriateness to your objectives, financial situation and needs. This flyer provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such. Any investment in the Fund is not an investment in, deposit with or any other liability of Westpac Banking Corporation ABN 33 007 457 141 (the Bank) or any other company in the Westpac Group. It is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. Neither the Bank nor any other company in the Westpac Group has issued, stands behind or otherwise guarantees the capital value or investment performance of the Fund.