Page 24 - 2020 PSK Portfolio - Client Name
P. 24

Investment objective over
                                       investment timeframe          CPI + 1%
                                      * This is a projection and not a guarantee that you will achieve this
                                      return.

                                      ^ Approximately 99% of annual results are expected to fall in this
                                      range.

                                      + Approximately 66% of annual results are expected to fall in this
                                      range.


                50% Growth            You are an investor seeking a combination of income and growth
                                      from your investment portfolio. Generally, you are willing to pursue
                                      medium to long-term goals while accepting  the risk of short to
                                      medium term negative returns. Your investment mix is likely to have
                                      a marginal bias to growth assets such as equities and property. The
                                      recommended  minimum investment term is  four years.  As a
                                      moderate investor we  allocate between 35%  and 65% of your
                                      portfolio to growth assets. Your investment benchmark is CPI +2%.

                                       Investment strategy aligned to a 50% Growth risk profile
                                       *Projected return per        5.04%
                                       annum
                                                                   -13.06%
                                       ^Extreme return range          to
                                                                   23.14%
                                                                  -0.99% to
                                       +Normal return range
                                                                   11.07%
                                       Probability of a positive    81.1%
                                       return (over 1 year)
                                       Minimum suggested           4 years
                                       investment timeframe

                                       Investment objective over
                                       investment timeframe       CPI + 2%
                                      * This is a projection and not a guarantee that you will achieve this
                                      return.

                                      ^ Approximately 99% of annual results are expected to fall in this
                                      range.
                                      + Approximately 66% of annual results are expected to fall in this
                                      range.



                70% Growth            You are a growth investor. You are willing to consider assets with
                                      higher volatility in the short-term (such as equities and property) to
                                      achieve capital growth over the  medium  to  longer  term.  Your
                                      investment mix will comprise a greater share of growth assets. The
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