MLC Wrap Super Series 2 Product Disclosure Statement

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 date1 October 2021 In addition to the Product Disclosure Statement (PDS) you should also considerthe information contained in the investment List and Application formbefore making a decision to invest in this Product . The investment List shows the available investment options. Please note the content in these documents may change from time to the latest copy please go contact us for a free MLC Wealth5 About MLC wrap Super Series 28 How Super works10 Things to consider before you invest16 How your account works21 Additional information23 Fees and other costs39 How Super is taxedThis document has been prepared on behalf of NULIS Nominees (Australia) Limited, ABN 80 008 515 633, AFSL 236465 (NULIS) as Trusteeof the MLC Superannuation Fund, ABN 40 022 701 955.

2 NULIS is part of the group of companies comprising IOOF Holdings Ltd ABN 49 100103 722 and its related bodies corporate (IOOF Group).The information in this PDS is general in nature and doesn t take into account your objectives, financial situation or individual needs. Beforeacting on any of this information you should consider whether it is appropriate for you. You should consider obtaining financial advicebefore making any decisions based on this to we , us or our are references to the Trustee, unless otherwise Limited uses the MLC brand under licence. MLC Limited is part of the Nippon Life Insurance Group and is not a part of the IOOF offer is made in Australia in accordance with Australian Asset Management Services Limited, ABN 38 055 638 474, AFSL 230687 (MLC Asset Management) has given written consent to benamed in the PDS and to the inclusion of statements made by them.

3 As at the date of the PDS, this consent has not been withdrawn. Insome cases, information in this PDS has been provided to us by third parties. While it is believed the information is accurate and reliable,the accuracy of that information is not guaranteed in any to Super law, the final authority on any issue relating to your account is the Fund's Trust Deed, and the relevant insurance policy,which governs your rights and obligations as a can find more information on the MLC Superannuation Fund, the Trustee and executive remuneration, and other Fund information in this PDS may change from time to time. Any updates or changes that aren t materially adverse will be available at You also can obtain a paper copy of these updates at no additional cost by contacting 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 at by contacting us.

4 Please readthe latest PDS before making an online copy of this PDS is available at wrap Super Series 2 Product Disclosure Statement |3 ContentsWho you go through life with makes all the Wealth1 has $ billion fundsunder administration (as at 30 June 2021),on behalf of individual and corporateinvestors in has been looking after the retirementand investment needs for generations ofAustralians helping them enjoy a futurefilled with the best of provides Super , pension, investmentand insurance solutions and works closelywith you and your financial adviser tohelp grow and protect your financial adviserMLC wrap Super Series 2 is only available to you through a financial adviser or through their authorised believe in the value of financial advice and strongly recommend you regularly keep in touch with your financial you choose to no longer receive financial advice, you can still use MLC wrap Super Series 2 and we ll continue to provide productupdates and statements to you at your last known email or postal address.

5 You can update your personal details or manage youraccount at to NULIS, MLC Investments Limited, ABN 30 002 641 661, AFSL 230705 and Navigator Australia Limited, ABN 45 006 302 987,AFSL 236466 as part of the IOOF | MLC wrap Super Series 2 Product Disclosure StatementAbout MLC WealthManage 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 about MLCWrap Investments Series 2.

6 You shouldconsider the Financial Services Guide,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.

7 These include theinvestment objective, fees, externalresearch ratings, performance, as well asour ability to efficiently administer theinvestment option. The selection ofoptions issued by companies eitherwholly or partially owned by the IOOFG roup is done on an arm's-length basis inline withour 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 aselectionof 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.

8 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 (TPD) and Income Protection(IP) insurance through MLC Insurance(which is offered by MLC Limited) and paythe premiums from your Cash this to occur, the Trustee must belisted as the Policy Owner of the and TPD cover can help you and yourfamily remain financially secure if theunexpected happens.

9 Life cover providesa benefit to your beneficiaries or your legalpersonal representative if you pass intention of TPD insurance cover isto pay you a benefit if you become totallyand permanently disabled and you'reunable to ever work again due to illnessor intention of IP insurance cover is toprovide you with ongoing income andfinancial support, should you becometemporarily unable to work due to aninjury or illness. It can give you the peaceof mind that you have income that canhelp pay your expenses while you focuson your health and more information on insuranceoptions that may meet your needs, pleasespeak with your financial adviser. Beforeapplying for MLC Insurance, you shouldconsider the MLC Insurance ( wrap orSMSF) section within the MLC Insuranceand MLC Insurance ( Super ) PDS whichsets out the relevant insurance eligibilityrequirements, terms, conditions,exclusions and limitations, as well as theapplicable definitions and how they willbe applied in practice.

10 The MLC Insuranceand MLC Insurance ( Super ) PDS isavailable at 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.