MLC Wrap Super Series 2

1 MLC wrap Super Series 2 Product Disclosure Statement The Fund MLC Superannuation FundABN 40 022 701 955 ABN 80 008 515 633 AFSL 236465 Issued by the Trustee NULISN ominees (Australia) LimitedPreparation date2 November 2020 This Product Disclosure Statement (PDS) containsgeneral information acting on this information, you shouldconsider its appropriateness to you, having regardto your personal objectives, financial situation and needs. A financial adviser can help you decide if this is the right product for MLC Group of Companies5 About MLC wrap Super Series 28 How Super works10 Things to consider before you invest16 How your account works21 Additional information23 Fees and other costs38 How Super is taxedReferences within the PDS to we , us or our are references to the Trustee, unless otherwise Trustee is part of the National Australia Bank (NAB) Group of Companies (NAB Group).

2 An investment with the Trustee is not a depositor liability of, and is not guaranteed by, or underwritten by, NAB. The MLC Group of Companies refers to all companies (including the Trustee) offering services within the wealth management division ofthe NAB Limited is part of the Nippon Life Insurance Group and not a part of NAB Group. MLC Limited uses the MLC brand under offer is made in Australia in accordance with Australian laws, and your account will be regulated by these laws. The full legal terms which govern your rights and obligations in MLC wrap Super Series 2 are contained in the Fund's Trust Deed and to theextent applicable are subject to Super can find more information on the MLC Superannuation Fund, the Trustee and executive remuneration, and other Fund information in this document may change from time to time.

3 Any updates that aren t materially adverse will be available at You can obtain a paper copy of any of these changes at no additional cost by contacting we make changes to MLC wrap Super Series 2 or the investment options after you join the Fund, we ll notify you of changes that arematerial. We may provide this information to you by mail, email or by making the information available at We ll let you knowwhen information about your account has been made available online. If you prefer to receive updates about your account by mail, pleaselet us information about your chosen investment options, speak with your financial adviser or go to Any investmentmanager updates to these investment options are available at You can get a free copy of the latest PDS for eachmanaged investment at the Separately Managed Account by contacting us.

4 Please readthe latest PDS before making an in the online copy of this document link directly to the additional information statement made by a third party or based on a statement made by a third party in this PDS has been included in the form and contextin which it appears with the consent of the third party, which has not been withdrawn as at the date of this document. In addition to the Product DisclosureStatement (PDS) you should also considerthe information contained in theInvestment List and Application formbefore making a decision to invest in Investment List shows the availableinvestment options. Please note the content in thesedocuments may change from time to the latest copy please go us for a free wrap Super Series 2 Product Disclosure Statement |3 ContentsWho you go through life with makes all the MLC Group of Companies has $105billion funds under administration (as at31 March 2020)

5 On behalf of individualand corporate investors in MLC Group of Companies has beenlooking after the retirement andinvestment needs for generations ofAustralians helping them enjoy a futurefilled with the best of MLC Group of Companies providessuper, pension, investment and insurancesolutions and works closely with you andyour financial adviser to help grow andprotect your financial adviserMLC wrap Super Series 2 is onlyavailable to you through a licensedfinancial adviser or through theirauthorised believe in the value of financialadvice and strongly recommend youregularly keep in touch with yourfinancial you choose to no longer receivefinancial advice, you can still use MLCWrap Super Series 2 and we ll continueto provide product updates andstatements to you at your last knownemail or postal address.

6 You canupdate your personal details ormanage your account at | MLC wrap Super Series 2 Product Disclosure StatementAbout MLC Group of CompaniesManage your Super and retire on your own wrap Super Series 2 gives you thecontrol and flexibility to build a Super orpension portfolio completely tailored toyour individual s the one account that s with you whenyou re:working to save for retirement insuper's tax-effective environmenttransitioning to retirement by payingyou an income from your pension tosupplement your employment income,andenjoying retirement while receiving atax-effective income s a gateway to an extensive range ofinvestments and insurance, which youcan view and manage with ease using ouronline can bring all your investmentstogether, making it easy for you and yourfinancial adviser to review and manageyour portfolio in one your transactions are made throughyour Cash Account, so you canconveniently manage and monitor yourcash you're looking for a solution to helpyou manage your money outside ofsuper, you can invest in MLC WrapInvestments Series making a decision aboutMLCWrap Investments Series 2, you shouldconsider the Financial Services Guide.

7 Which is issued by Navigator AustraliaLimited and available at comprehensive view of yourportfolioBecause your portfolio is all in one placeonline, you can:keep track of your investmentstransact on your account, andview your investment choiceYou have access to:over 350 managed investmentsover 500 ASX listed investments, suchas direct shares, and exchange tradedfundsa variety of term deposits, anda Separately Managed Account (SMA)providing access to a range of directshare and multi-asset portfolios. Forinformation about the SMA refer to theSMA PDS available at investment optionsOur Investment List is regularly reviewedby a committee of experiencedinvestment number of factors are taken intoconsideration when we choose theinvestment options. These include theinvestment objective, fees, externalresearch ratings, performance, as well asour ability to efficiently administer theinvestment option.

8 The selection ofoptions issued by companies eitherwholly or partially owned by the NABG roup is done on an arm's-length basis inline with our Conflicts extensive range of investments isupdated regularly. You can view thesein the Investment List available MLC wrap Super Series 2 you haveaccess to the full range of investmentoptions on the Investment List. This isknown as the full Investment List. Or,alternatively, you can choose to select ourCore Investment List, which gives youaccess to a focused range of investmentoptions and a simpler fee structure. Speakto your financial adviser to determinewhich works best for Investment ListThe Core Investment List is made up of aselection of MLC investment options andincludes the Cash understand the range of investmentoptions available through the CoreInvestment List, see the Investment Listavailable can apply to move between the CoreInvestment List and full Investment Listat any time.

9 The Administration fees youpay will depend on whether you choosethe Core Investment List or the fullInvestment List. If you choose an optionoutside the Core Investment List, theAdministration fees for the fullInvestment List will apply to youraccount. For further information aboutthe differences between the fees underthe Core Investment List and fullInvestment List, see the 'Fees and othercosts' section on page wrap Super Series 2 Product Disclosure Statement |5 About MLC wrap Super Series 2 Insurance you can depend onMLC Limited provides long-term,sustainable insurance solutions , if you're under 60, you canapply for Life Cover, Total and PermanentDisability and Income Protectioninsurance through MLC Insurance (whichis offered by MLC Limited) and pay thepremiums from your Cash Account. Forthis to occur, the Trustee must be listedas the Policy Owner of the more information on insuranceoptions that may meet your needs, pleasespeak with your financial adviser.

10 Beforeapplying for MLC Insurance, you shouldconsider the MLC Insurance and MLCI nsurance ( Super ) PDS, available accountsIf your Super account hasn t received acontribution or a rollover for a continuousperiod of 16 months, it s defined as aninactive account. If this is the case, we rerequired by law to cancel your insurancecover unless you make a contribution orrollover, and/or provide us with yourwritten election to retain it. We ll contactyou before this happens and give you theopportunity to retain your cover. If youwish to keep your insurance, regardlessof whether or not your account is inactive,please fill out and return the Choose toKeep My Insurance Cover form availableat happens to your Super if youpass away?Your account balance, including anyinsurance payment, can be paid to yourbeneficiaries or estate if you pass are different types of beneficiarynominations we offer.