Quick Reference Guide

• Key investment and transaction amounts
• Fees and charges

The following investment features and fees apply to investors wishing to invest in Portfolio Advantage and Portfolio Advantage Shares.

Key investment and transaction amounts

Portfolio Advantage
Recommended initial investment	$100,000
Minimum initial investment per managed fund	$5,000
Minimum holding per managed fund	$1,000
Minimum additional investment per managed fund	$1,000
Minimum redemption per managed fund	$1,000
Minimum switching amount	$1,000
Regular investment plan per managed fund	$500
Minimum withdrawal from cash account	$500
Minimum cash account balance	$2,500
Distributions/Dividends	Reinvested or credited to your cash account

Portfolio Advantage Shares
Recommended initial investment	$100,000
Minimum withdrawal from cash account	$500
Minimum cash account balance	$2,500
Distributions/Dividends	Dividend reinvestment plan or credited to your cash account

Fees and charges

If you invest in Portfolio Advantage and Portfolio Advantage Shares, only one portfolio service fee will be applied, based on the combined value of your Portfolio Advantage and Portfolio Advantage Shares investments.

Portfolio Advantage
Entry fee	nil
Exit fee	nil
Transaction fee	Up to 20* free transactions per calendar year
Cash account service fee	nil (however, other charges may apply indirectly)
Portfolio service fee (based on portfolio value)†	1.20%pa (first $1,000,000)
	0.70%pa (from $1,000,001 - $5,000,000)
	0.50%pa (above $5,000,000)

Portfolio Advantage Shares
Entry fee	nil
Exit fee	nil
Transaction fee	Brokerage negotiable with advisor - up to 1.1% or a minimum of $137.50
Cash account service fee	nil‡
Portfolio service fee (based on portfolio value)†	1.20%pa (first $1,000,000)
	0.70%pa (from $1,000,001 - $5,000,000)
	0.50%pa (above $5,000,000)

* When the number of transactions exceeds 20, additional transactions will be charged at $50.
† A minimum fee of $125 per month ($1,500 per annum) applies. If you invest in Portfolio Advantage and Portfolio Advantage Shares, you will only incur one portfolio service fee based on the combined portfolio value.
‡ The provider of your cash account will pay your JBWere advisor a trailing commission of up to 0.275% per annum of the balance of your cash account. This is not paid by you or from your cash account.

More information

If you would like to discuss your requirements in confidence, please contact your advisor or a member of the JBWere Investor Services team:

Phone 1300 366 790
Email jbwereinvestorservices@jbwere.com

Important notices and disclosures

PORTFOLIO ADVANTAGE: Portfolio Advantage is an investor directed portfolio-like service provided through a registered managed investment scheme. Interests in Portfolio Advantage are offered via a product disclosure statement ("PDS"), available by visiting our website www.jbwere.com/portfolioadvantage or contacting the JBWere Investor Services Team on 1300 366 790. You should obtain and consider a copy of the PDS before deciding whether to invest through or continue to use this service. Goldman Sachs Australia Managed Funds Limited (Goldman Sachs) is the responsible entity of, and issuer of interests in, Portfolio Advantage. The PDS is prepared by Goldman Sachs and distributed by JBWere Pty Ltd. Goldman Sachs will receive a Portfolio Service (Administration) Fee as set out in the PDS. In consideration of services provided to Goldman Sachs by JBWere, Goldman Sachs will pay JBWere fees of amounts equivalent or similar to the fees that Goldman Sachs charges you for this product, net of costs. Additional Advisor Service Fees may be payable for optional advisory services as set out in the PDS. JBWere may pay up to 50% of the amounts paid to it that are referable to the Portfolio Advantage (Administration) Fee and the Advisor Service Fee to your JBWere Advisor as commission. Trailing commissions may also be paid to your JBWere Advisor in respect of any Goldman Sachs cash account provided through the service as set out in the relevant offer document.

PORTFOLIO ADVANTAGE SHARES: Portfolio Advantage Shares is a nominee and custody service offered by Goldman Sachs Australia Capital Markets Limited and a broking service offered by Goldman Sachs Australia Pty Ltd. Goldman Sachs Australia Pty Ltd will receive the Portfolio Advantage Shares Account service fee set out in the product brochure. In consideration of services provided to Goldman Sachs by JBWere, Goldman Sachs will pay JBWere fees of amounts equivalent or similar to the fees that Goldman Sachs charges you for this product, net of costs. Additional Advisor Services Fees may also be paid to your JBWere Advisor for optional advisory services as set out in the product brochure. JBWere may pay up to 50% of the amounts paid to it that are referable to the Portfolio Advantage (Administration) Fee and the Advisor Service Fee to your JBWere Advisor as commission. Trailing commissions may also be paid to your JBWere Advisor in respect of any Goldman Sachs cash account provided through the service as set out in the relevant offer document.