Page 25 - 2020 PSK Portfolio - Client Name

recommended minimum investment term is five years. We allocate
between 55% and 85% of your portfolio to growth assets. Your
investment benchmark is CPI +3%.

Investment strategy aligned to a 70% Growth risk profile
*Projected return per 5.91%
annum
-18.79% to
^Extreme return range
30.61%
+Normal return range -2.32% to
14.14%
Probability of a positive 77.6%
return (over 1 year)
Minimum suggested 5 years
investment timeframe

Investment objective over CPI + 3%
investment timeframe
* 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.

85% Growth You are a growth investor. Prepared to accept higher volatility in the
short to medium term, your primary concern is to accumulate growth
assets over the long term. Your investment mix will spread across all
asset sectors but will mainly consist of more aggressive investments.
The minimum investment term is six years. We allocate between
70% and 100% of your portfolio to growth assets. Your investment
benchmark is CPI +3.75%.

Investment strategy aligned to an 85% Growth risk profile
*Projected return per
annum 6.64%

^Extreme return range -23.41% to
36.69%
-3.38% to
+Normal return range 16.66%
Probability of a positive 76.1%
return (over 1 year)
Minimum suggested 6 years
investment timeframe
Investment objective over CPI +
investment timeframe 3.75%