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PDS updates
We may update the information in Product Disclosure Statements. Details of these updates are listed for the relevant product below.
If the change to the information in the Product Disclosure Statement is materially adverse, we will issue a Supplementary Product Disclosure Statement.
BT Wholesale Multi-manager and Partner Funds
BT Investment Funds Product Disclosure Statement - issued 6 September 2006
Buy-sell spread change for BT External Australian Shares 2 - Integrity Australian Share - 22 February 2013
BT International Equities Update - 17 December 2012
BT International Equities Update - 17 December 2012 (PDF 112KB)
Buy-sell spread change for BT External Australian Shares 1 - Schroder Australian Share - 1 December 2012
Change of buy-sell spread for Schroder Australian Share WFS0093AU - 1 December 2012
Neutral position and benchmark change to BT Diversified Investment Options - 1 Dec 2011
Neutral position and benchmark change to BT Diversified Investment Options - 1 Dec 2011 (PDF 112KB)
Changes to BT External Diversified 3 - 29 September 2011
The information below is in relation to BT External Diversified 3 - effective 29 September 2011
This information is in relation to BT External Diversified 3 (ARSN 105 252 524), the Investment Option referred to as Perpetual Conservative Growth in the BT Investment Funds Product Disclosure Statement dated 6 September 2006 as amended by the Supplementary Product Disclosure Statement (First SPDS) dated 16 March 2010, the SPDS dated 1 July 2010 (Second SPDS) and the SPDS dated 13 September 2010 (Third SPDS).
Effective 29 September 2011, disclosure has been amended for this Investment Option. Accordingly, the following replaces footnote 5 related to this Investment Option on page 9 of the First SPDS dated 16 March 2010.
5. The Fund gains its exposure to Australian shares by investing in an underlying fund/s which invest/s primarily in Australian listed or soon to be listed shares but may have up to 20% exposure to stocks outside Australia. The investment guidelines showing the Fund’s maximum investment in international shares do not include this potential additional exposure. Short positions may be part of the underlying Australian share funds’ strategy. Currency hedges may be used from time to time.
No changes have been made to the investment objective or investment strategy.
Buy-sell spread change BT External Diversified 3 - 2 February 2011
Buy-sell spread change BT External Diversified 3
The information below replaces the information relating to the ‘Further information on management costs and buy-sell spread’ table on page 48 of the PDS, as updated by the PDS dated 16 March 2010. The new buy-sell spread indicated in the table below is effective 2 February 2011.
| Investment option name | Buy-sell spread % |
|---|---|
| Perpetual Conservative Growth | 0.26 |
Changes to BT External Specialist 1 - effective 1 February 2011
The information below is in relation to BT External Specialist 1 - effective 1 February 2011
BT External Specialist 1 (ARSN 105 252 677), the Investment Option referred to as Schroder Hybrid Securities in the BT Investment Funds Product Disclosure Statement (PDS) dated 6 September 2006 as amended by the Supplementary Product Disclosure Statement (SPDS) dated 16 March 2010, the SPDS dated 1 July 2010 and the SPDS dated 13 September 2010.
Effective 1 February 2011, Schroder Hybrid Securities will be known as Schroder Credit Securities. All references in the PDS to Schroder Hybrid Securities are replaced with Schroder Credit Securities. The change in name provides a more accurate description of the underlying investments of this Investment Option. No changes have been made to the investment objective or investment strategy.
Supplementary PDS dated 13 September 2010
This notice updates the information contained in the BT Investment Funds Product Disclosure Statement (PDS) dated 6 September 2006 as amended by the Supplementary Product Disclosure Statement (SPDS) dated 16 March 2010, the SPDS dated 1 July 2010 and the SPDS dated 13 September 2010.
Investment Option Profiles - Asset allocation neutral position (NP) and ranges
As at 1 March 2011, changes have been made to the asset allocations and asset sector ranges to a selection of the BT Multi-manager funds available through BT Investment Funds. The following Asset allocation neutral position (NP) and ranges have been updated for the specified funds.
BT Multi-manager Growth Fund Page 16 of the PDS
| NP | Range | |
|---|---|---|
| Australian Shares | 37.5 | 32.5-42.5 |
| International Shares | 30 | 25-35 |
| Property | 7 | 2-12 |
| Australian Fixed Interest | 4 | 0-9 |
| International Fixed Interest | 7 | 2-12 |
| Other | 11.5 | 6.5-16.5 |
| Cash | 3 | 0-11 |
BT Multi-manager Balanced Fund Page 17 of the PDS
| NP | Range | |
|---|---|---|
| Australian Shares | 31.5 | 26.5-36.5 |
| International Shares | 23.5 | 18.5-28.5 |
| Property | 6 | 1-11 |
| Australian Fixed Interest | 8 | 3-13 |
| International Fixed Interest | 14 | 9-19 |
| Other | 11 | 6-16 |
| Cash | 1 | 0-14 |
BT Multi-manager Conservative Fund Page 19 of the PDS
| NP | Range | |
|---|---|---|
| Australian Shares | 13.5 | 8.5-18.5 |
| International Shares | 6.5 | 1.5-11.5 |
| Property | 4 | 0-9 |
| Australian Fixed Interest | 14 | 9-19 |
| International Fixed Interest | 26 | 21-31 |
| Other | 11 | 6-16 |
| Cash | 25 | 17-33 |
Additional information can be obtained from our dedicated Multi-manager investment site.
Termination of BT Global Return Fund - 5 August 2009
Buy-sell spread change for UBS Investment Options - 22 May 2009
Change of buy-sell spreads for UBS Investment Options update - 22 May 2009 (PDF 61KB)
BT International Equity Update - December 2008
Investment options changes - June 2008
Changes to Investment Options update - BT Investment Funds - June 2008 (PDF 125KB)
BT Multi-manager Funds update - May 2007
BT Partner Funds update - May 2007
Consultant Change Notice - May 2007
BT diversified funds changes - June 2005
BT Classic Investment Funds Product Disclosure Statement - issued 6 September 2006
BT International Equities Update - 17 December 2012 (PDF 112KB)
Neutral position and benchmark change to BT Diversified Investment Options - 1 Dec 2011 (PDF 107KB)
BT Investor Choice Funds Product Disclosure Statement - issued 1 August 2004
BT Lifetime - Personal Super Product Disclosure Statement
Changes to Unclaimed money disclosure - December 2012 (PDF 35KB)
BT International Equities Update - 17 December 2012 (PDF 112KB)
Strategic Asset Allocation (SAA) and asset sector range changes (PDF 655KB)
BT Lifetime - Flexible Pension Product Disclosure Statement
BT Business Super
- Changes to Unclaimed money disclosure - December 2012 (PDF 35KB)
- BT International Equities Update - 17 December 2012 (PDF 112KB)
- Strategic Asset Allocation (SAA) and asset sector range changes (PDF 655KB)
- Product Update - BT Investment Management neutral position and benchmark change to BT Diversified Investment Options (PDF 105KB)
- BT Business Super - Legal Notice, July 2011 (PDF 76KB)
- BT Business Super - Legal Notice, May 2010 (PDF 146KB)
- BT Business Super - Legal Notice, May 2009 (PDF 250KB)
BT Lifetime Super - Employer Plan
- Changes to Unclaimed money disclosure - December 2012 (PDF 35KB)
- BT International Equities Update - 17 December 2012 (PDF 112KB)
- Strategic Asset Allocation (SAA) and asset sector range changes (PDF 655KB)
- Product Update - BT Investment Management neutral position and benchmark change to BT Diversified Investment Options (PDF 105KB)
- BT Lifetime Super - Employer Plan - Legal Notice, July 2011 (PDF 76KB)
- BT Lifetime Super - Employer Plan - Legal Notice, May 2010 (PDF 217KB)
Wrap Essentials Investment Funds Product Disclosure Statement
The information below updates the Wrap Essentials Investment Funds Product Disclosure Statement (PDS) dated 27 November 2009, issued by BT Funds Management Limited (ABN 63 002 916 458, AFSL 233 724), BT Funds Management No. 2 Limited (ABN 22 000 727 659, AFSL 233 720) and Westpac Financial Services Limited (ABN 20 000 241 127, AFSL 233 716) as updated by the Supplementary Product Disclosure Statement (SPDS) issued 16 March 2010, the Second SPDS issued 1 July 2010 and the Third SPDS issued 20 March 2012, and should be read together with the PDS.
Changes in relation to Reduced Input Tax Credits - March 2013
Information in the PDS relating to Reduced Input Tax Credits (RITC) is being updated in the following manner:
- Footnote 2 on page 74 of the PDS is replaced with the following updated text:
This amount is net of GST and reduced input tax credits (RITCs). - The last paragraph under the heading Goods and Services Tax (GST) on page 81 of the PDS is replaced with the following updated text:
The Investment Options may be entitled to claim a refund (Reduced Input Tax Credit (RITC)) for part of the GST included in the price of most purchases.
Correction to the ARSN of BT External International Shares 1 - March 2013
The ARSN for BT External International Shares 1 (relating to the Aberdeen Actively Hedged International Equities Investment Option) which has been incorrectly stated on page 89 of the PDS is replaced with the following correct ARSN for BT External International Shares 1:
105 252 417
Correction to the APIR code of BT Multi-manager Conservative Fund - March 2013
The APIR code for the BT Multi-manager Conservative Fund, which has been incorrectly stated on page 88 of the PDS, is replaced with the following correct APIR code for the BT Multi-manager Conservative Fund:
BTA0078AU
Changes in relation to the BT Geared Imputation Fund - March 2013
- Consistent with the payment arrangements for management costs applicable to other Investment Options, the issuer fee for the BT Geared Imputation Fund is paid from the assets of the Investment Option and reflected in the unit price of your investment. Accordingly, footnote 6 on page 71 of the PDS is deleted.
The final sentence in the BT Geared Imputation Fund Impact of gearing section on page 82 of the PDS is replaced with the following updated text:
Instead, the losses can generally be offset against future income or gains of the Investment Option, subject to the Investment Option passing certain tests.
BT International Equities Update - 17 December 2012
Change to the benchmark for the BlackRock Global Small Cap Fund
The benchmark for the BlackRock Global Small Cap Fund has changed to the S&P Global MidSmall Cap Index. Accordingly, the 'Benchmark' section of the Investment Option profile for the BlackRock Global Small Cap Fund on page 32 of the PDS is replaced with the following:
| Benchmark | S&P Global MidSmall Cap Index |
|---|
Changes to Strategic Asset Allocations - 1 July 2012
Effective 1 July 2012, the asset allocation ranges, for the following Advance Multi-Blend and BT Multi-Manager diversified Investment Options have changed.
The information in the following table replaces the asset allocation ranges set out for the BT Multi-manager Conservative and Advance Defensive Multi-Blend Fund in the ‘Investment Options profiles’ section on pages 21 & 22 of the PDS:
| Fund | BT Multi-manager Conservative Fund & Advance Defensive Multi-Blend | ||
|---|---|---|---|
| Asset allocation neutral position (NP) and ranges % | NP | Range | |
| Australian Shares | 12.5 | 2.5 - 17.5 | |
| International Shares | 5 | 0 - 10 | |
| Property | 4 | 0 - 9 | |
| Australian Fixed Interest | 14 | 9 - 24 | |
| International Fixed Interest | 22 | 17 - 32 | |
| Asian Shares | 1.5 | 0 - 3.5 | |
| Commodities | 3 | 0 - 5 | |
| Growth Alternative Strategies | 4 | 0 - 14 | |
| Defensive Alternative Strategies | 11 | 6 - 21 | |
| Cash | 23 | 15 - 43 | |
The information in the following table replaces the asset allocation ranges set out for the Advance High Growth Multi-Blend and BT Multi-manager High Growth Fund in the ‘Investment Options profiles’ section on page 18 of the PDS:
| Fund | Advance High Growth Multi-Blend and BT Multi-manager High Growth Fund | ||
|---|---|---|---|
| Asset allocation neutral position (NP) and ranges % | NP | Range | |
| Australian Shares | 40.5 | 30.5 - 45.5 | |
| International Shares | 33 | 23 - 38 | |
| Property | 4 | 0 - 9 | |
| Asian Shares | 3.5 | 0 - 8.5 | |
| Commodities | 5 | 0 - 10 | |
| Growth Alternative Strategies | 14 | 9 - 29 | |
| Defensive Alternative Strategies | 0 | 0 - 15 | |
| Cash | 0 | 0 - 20 | |
Changes to BT External Fixed Interest 13 - effective 2 April 2012
This information is in relation to BT External Fixed Interest 13 (ARSN 140 393 817), the Investment Option referred to as Macquarie Income Opportunities in the Wrap Essentials Investment Funds Product Disclosure Statement (PDS) dated 27 November 2009 as amended by the Supplementary Product Disclosure Statement (SPDS) issued 16 March 2010, the Second SPDS issued 1 July 2010 and the Third SPDS issued 20 March 2012.
Effective 2 April 2012, disclosure has been amended for this Investment Option. Accordingly, the ‘Asset allocation neutral position (NP) and ranges %’ section of the Investment Option profile for the Macquarie Income Opportunities Fund on page 57 of the PDS is replaced with the following:
| Macquarie Income Opportunities | |
|---|---|
| Sector | Range |
| RMBS, CMBS, floating rate notes, asset backed and fixed rate corporate debt securities | 20-100 |
| Hybrid securities | 0-10 |
| Global investment grade credit securities | 0-40 |
| Global high yield debt securities | 0-15 |
| Emerging market debt securities | 0-15 |
| Credit opportunities | 0-20 |
Note: No changes have been made to the neutral allocations.
Change to the benchmark for the Advance International Fixed Interest Multi-Blend Fund
The benchmark for the Advance International Fixed Interest Multi-Blend Fund has changed to the Barclays Global Aggregate Bond Index (fully hedged). Accordingly, the ‘Benchmark’ section of the Investment Option profile for the Advance International Fixed Interest Multi-Blend on page 26 of the PDS is replaced with the following:
| Benchmark | Barclays Global Aggregate Bond Index (fully hedged) |
|---|
Change of name of ING Diversified Fixed Interest - 27 February 2012
With effect from Monday 27 February 2012, the name of BT External Fixed Interest 12, the Investment Option referred to in the PDS as ING Diversified Fixed Interest, changed to OnePath Diversified Fixed Interest. The change in name is a result of a change in name of the underlying investment manager. As a result of this change, there is no change to the investment objective, investment strategy, investment manager or distribution frequency for this Investment Option.
Changes to BT External Diversified 3 - effective 29 September 2011
The information below is in relation to BT External Diversified 3 - effective 29 September 2011
This information is in relation to BT External Diversified 3 (ARSN 105 252 524), the Investment Option referred to as Perpetual conservative Growth in the Wrap Essentials Investment Funds Product Disclosure Statement dated 27 November 2009 as amended by the Supplementary Product Disclosure Statement (SPDS) dated 16 March 2010 and the SPDS dated 1 July 2010.
Effective 29 September 2011, disclosure has been amended for this Investment Option. Accordingly, the following replaces footnote 6 related to this Investment Option on page 31 of the PDS.
6_ The Fund gains its exposure to Australian shares by investing in an underlying fund/s which invest/s primarily in Australian listed or soon to be listed shares but may have up to 20% exposure to stocks outside Australia. The investment guidelines showing the Fund’s maximum investment in international shares do not include this potential additional exposure. Short positions may be part of the underlying Australian share funds’ strategy. Currency hedges may be used from time to time.
No changes have been made to the investment objective or investment strategy.
Changes to Investment Option profiles - 1 March 2011
Changes to Investment Option profiles - Asset allocation neutral position (NP) and ranges
As at 1 March 2011, changes have been made to the asset allocations and asset sector ranges to a selection of the Advance Multi-Blend and BT Multi-manager Investment Options available through Wrap Essentials Investment Funds. The Asset allocation neutral position (NP) and ranges have been updated as shown below.
| Page 18 of the PDS - Advance High Growth Multi-Blend and BT Multi-manager High Growth Fund | ||
|---|---|---|
| NP | Range | |
| Australian Shares | 44.5 | 41.5 - 47.5 |
| International Shares | 39.5 | 36.5 - 42.5 |
| Property | 4 | 1 - 7 |
| Other | 12 | 9 - 15 |
| Cash | 0 | 0 - 8 |
| Page 19 of the PDS - Advance Growth Multi-Blend and BT Multi-manager Growth Fund | ||
|---|---|---|
| NP | Range | |
| Australian Shares | 37.5 | 32.5 - 42.5 |
| International Shares | 30 | 25 - 35 |
| Property | 7 | 2 - 12 |
| Australian Fixed Interest | 4 | 0 - 9 |
| International Fixed Interest | 7 | 2 - 12 |
| Other | 11.5 | 6.5 - 16.5 |
| Cash | 3 | 0 - 11 |
| Page 20 of the PDS - Advance Balanced Multi-Blend and BT Multi-manager Balanced Fund | ||
|---|---|---|
| NP | Range | |
| Australian Shares | 13.5 | 8.5 - 18.5 |
| International Shares | 6.5 | 1.5 - 11.5 |
| Property | 4 | 0 - 9 |
| Australian Fixed Interest | 14 | 9 - 19 |
| International Fixed Interest | 26 | 21 - 31 |
| Other | 11 | 6 - 16 |
| Cash | 25 | 17 - 33 |
| Page 21 of the PDS - Advance Moderate Multi-Blend | ||
|---|---|---|
| NP | Range | |
| Australian Shares | 23.5 | 18.5 - 28.5 |
| International Shares | 14 | 9.0 - 19.0 |
| Property | 5 | 0 - 10 |
| Australian Fixed Interest | 13 | 8 - 18 |
| International Fixed Interest | 23 | 18 - 28 |
| Other | 9.5 | 4.5 - 6.5 |
| Cash | 12 | 4 - 20 |
| Page 21 of the PDS - BT Multi-manager Conservative Fund | ||
|---|---|---|
| NP | Range | |
| Australian Shares | 13.5 | 8.5 - 18.5 |
| International Shares | 6.5 | 1.5 - 11.5 |
| Property | 4 | 0 - 9 |
| Australian Fixed Interest | 14 | 9 - 19 |
| International Fixed Interest | 26 | 21 - 31 |
| Other | 11 | 6 - 16 |
| Cash | 25 | 17 - 33 |
| Page 22 of the PDS -Advance Defensive Multi-Blend | ||
|---|---|---|
| NP | Range | |
| Australian Shares | 13.5 | 8.5 - 18.5 |
| International Shares | 6.5 | 1.5 - 11.5 |
| Property | 4 | 0 - 9 |
| Australian Fixed Interest | 14 | 9 - 19 |
| International Fixed Interest | 26 | 21 - 31 |
| Other | 11 | 6 - 16 |
| Cash | 25 | 17 - 33 |
Changes to BT External Specialist 1 - 1 February 2011
The information below is in relation to BT External Specialist 1 - effective 1 February 2011
BT External Specialist 1 (ARSN 105 252 677), the Investment Option referred to as Schroder Hybrid Securities in the Wrap Essentials Investment Funds Product Disclosure Statement dated 27 November 2009 as amended by the Supplementary Product Disclosure Statement (SPDS) dated 16 March 2010 and the SPDS dated 1 July 2010.
Effective 1 February 2011, the name of the Investment Option has will change from Schroder Hybrid Securities to Schroder Credit Securities. All references in the PDS to Schroder Hybrid Securities are replaced with Schroder Credit Securities. The change in name provides a more accurate description of the underlying investments of this Investment Option. No changes have been made to the investment objective or investment strategy.
Change of name of Goldman Sachs JBWere Australian Infrastructure - 2 August 2010
With effect from Monday 2 August 2010, the name of BT Australian Shares 8, the Investment Option referred to in the PDS as Goldman Sachs JBWere Australian Infrastructure, changed to Goldman Sachs Australian Infrastructure. The change in name is a result of a change in name of the underlying investment manager. As a result of this change, there is no change to the investment objective, investment strategy, investment manager or distribution frequency for this Investment Option.
Change to distribution frequency for some Advance Multi-Blend Funds - 1 July 2010
From 1 July 2010, the distribution frequency for the Advance High Growth Multi Blend, Advance Growth Multi Blend, Advance Australian Shares Multi Blend and Advance International Fixed Interest Multi Blend Funds is increasing to Quarterly.
Accordingly, the ‘Distribution frequency' section of the Investment Option profiles for the Advance High Growth Multi Blend, Advance Growth Multi Blend, Advance Australian Shares Multi Blend and Advance International Fixed Interest Multi Blend Funds on pages 18-26 of the PDS is replaced with the following:
| Distribution frequency | Quarterly |
|---|
Changes to benchmark for the Advance Australian Shares Multi-Blend Fund - April 2010
The benchmark for the Australian Shares Multi-Blend Fund has changed to the S&P/ASX 300 Accumulation Index. Accordingly, the ‘Benchmark’ section of the Investment Option profile for the Australian Shares Multi-Blend on page 24 of the PDS is replaced with the following:
| Benchmark | S&P/ASX 300 Accumulation Index |
|---|
BT Investment Management
Disclosure Notices
We may also become aware of information that is not generally available but if it were generally available, would reasonably be expected to have a material effect on the price or value of interests in a managed fund.
Currently there are no disclosure notices for our managed funds.
Supplementary disclosure documents
Supplementary disclosure documents are now listed alongside the full PDS on the "Download" page for each product - please return to the Product disclosure documents page to access these documents.