Important changes to the Cutcher & Neale Managed Portfolios

**This email provides you with the required 30 days’ notice and sets out the key changes that may impact your account. Please refer to the updated Managed Portfolio Disclosure Document (MPDD) for further details, which should be read in conjunction with the Mason Stevens Super Product Disclosure Document (PDS) and Mason Stevens Additional Information Guide (AIG). 

When will the new fee take place?

4 April 2024

Transition of existing Cutcher & Neale Managed Portfolios

Effective 4 April 2024, the Cutcher & Neale Managed Portfolios will be replaced by the Cutcher & Neale Investment Option as outlined below: 

What is an Investment Option?

An Investment Option has exposure to two or more underlying Managed Portfolios rather than individual holdings. Your Investment Options can comprise of the following Managed Portfolios:

• Cutcher & Neale Australian Shares Managed Portfolio
• Cutcher & Neale International Shares Managed Portfolio
• Cutcher & Neale Fixed Income Managed Portfolio
• Cutcher & Neale Alternatives Managed Portfolio

What was the reason for the restructure?

Replacing the Cutcher & Neale Managed Portfolios with Investment Options was a decision by the Cutcher & Neale Investment Committee to improve risk management and target better client outcomes over a medium to long-term investment horizon.

What does this mean for you?

You are not required to take any action. We will transfer your existing holdings to the relevant underlying Managed Portfolios that make up your Investment Option.

After the portfolio restructuring, the underlying assets will remain identical to the current arrangement. You will not incur any cost for this change.

This document provides you with the required 30 days’ notice of the above changes that will take place in your account. If you do not wish to proceed as outlined above, you must contact your financial adviser or Mason Stevens to discuss the appropriate next steps before 4 April 2024. 

Should you have any questions, please reach out to your adviser or contact us using the information provided below.

Important Information 

Current as of 4 March 2024. This is general information only and does not constitute financial product advice. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation and needs. This document provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such. Diversa Trustees Limited ABN 49 006 421 638 AFSL 235153 RSE Licence No. L0000635, is the Trustee of Mason Stevens Super (the “Fund”) an APRA-regulated fund ABN 34 422 545 198. Mason Stevens Limited ABN 91 141 447 207 AFSL 351578 is the Sponsor, Promoter and Custodian of the Fund. Mason Stevens Asset Management Pty Limited ABN 92 141 447 654 is the Investment Manager of the Fund and is a Corporate Authorised Representative of Mason Stevens Limited. FNZ (Australia) Pty Limited ABN 67 138 819 119 is the Administrator of the Fund. An investment in the Fund is only available through licensed financial advisers.