Investment Managers

The IRIS investments options are managed by a number of major Australian and international organisations that specialise in these types of options.

Each investment option utilises a combination of asset classes and each asset class utilises a combination of investment managers enabling you to diversify across a number of managers and investment styles.

Asset Class	Investment Managers
Australian Shares	Industry Funds Management Perpetual Investment Management Limited**
International Shares	BlackRock Asset Management Australia Limited
Property	Industry Funds Management Eureka Funds Management Limited
Australian Fixed Interest	BlackRock Asset Management Australia Limited Industry Funds Management Pentagon Capital Limited
International Fixed Interest	BlackRock Asset Management Australia Limited
Cash*	Industry Funds Management

* Cash is held on deposit with the National Australia Bank which acts as Custodian for the Fund.

** Perpetual Investment Management Limited is currently the Investment Manager relevant to the Sustainable Australian Shares Option.

SMI Ltd, the Trustee of IRIS Retirement Income, may change at any time and without notice, any investment manager or the amount allocated to any investment manager. SMI monitors and reviews the performance of the investment managers on an ongoing basis.