AMP Capital Australian Shares Fund

Fund overview

The Australian Shares Fund provides access to shares listed on the Australian Stock Exchange, either directly or through other investments managed by AMP Capital Investors Limited. The Fund applies both a capital and enhanced index approach to investment.

Key features

• Exposure to a diversified portfolio of Australian shares, managed by AMP Capital Investors Limited, in Australia.
• In Australia, AMP Capital Investors Limited’s investment style is based around two concepts:
• The ‘capital’ investment style is based on the expectation that wealth creation is closely linked to a company’s ability to manage its capital and we seek out companies with the capacity to deliver sustainable excess returns on their capital base.
• The ‘enhanced index’ approach is a form of index based share investment and includes the use of return enhancement techniques which takes on slightly higher levels of risk, relative to benchmark, than an index fund.
• This Fund currently invests in the Wholesale Australian Shares Fund, a unit trust managed by AMP Capital Investors in Australia.

Please note a memorandum of amendments to the AMP Capital Investment Funds prospectus was registered on 1 December 2011, a copy of which can be found on the Companies Office website.

Fund facts as at 31 December 2011

Code	AIF O
Type of fund	Unit Trust. This fund is a Portfolio Investment Entity (PIE).
Performance objective	To provide a gross return above the return of the S&P/ASX 200 Accumulation Index on a rolling 12 month basis.
Investment approach	Invests in a diversified portfolio of listed Australian shares and other securities on the Australian Stock Exchange.
FUM	$40.4 million
Inception date	13 September 1996
Minimum suggested timeframe	Long term (minimum five years)
Risk profile	High
Benchmark	S&P/ASX 200 Accumulation Index on a rolling 12 month basis
Access	AMP WealthView , FNZ

Unit Prices

For more information on how AMP Capital can help you, please speak to your Financial Adviser or call us on 0800 400 499.

Product Name	Product Code	Entry Price	Exit Price	Base Price	Effective Date
AMP Capital Australian Shares Fund	AIF O	1.81080	1.80176	1.80628	2/02/2012

View the historical unit prices for this Fund.

Important: The unit prices displayed in this section are indicative only.

Unit prices are provided for your information only and are not guaranteed. They are based on historical data and you should not rely on the above information as the basis for making any investment, financial or other decision as past unit prices are not a reliable indicator of future unit prices. During the time it takes to process an application or redemption application, the unit price may vary and the actual unit prices applying to applications and redemptions may differ from those displayed in this section.

Neither AMP Capital Investors nor any company within the AMP Group makes any representation or warranty as to the reliability, completeness or accuracy of the unit price information or accepts any responsibility arising in any way (including by reason of negligence) for errors in or omissions from the unit price information. The information in this section is not an offer or recommendation of securities or other financial products offered by the AMP Group and is not an invitation to take up securities or other financial products. Investors should consider the relevant Investment Statement available from AMP Capital Investors for the relevant fund before making any decision regarding the product. If unit prices are not available for today then the latest available prices will be displayed. Unit prices are not calculated on weekends or public holidays.

Performance

AMP Capital Investors is a manager of a wide range of products suitable to a variety of investors including superannuation schemes, charities, corporates and individuals. Should you require any further information, please contact us on 0800 400 499 or email clientservicecentre@ampcapital.co.nz.

Our fund performance figures are shown before tax, before fees and assume that income is reinvested.

View information on entry fees, exit fees and distributions.

AUSTRALIAN SHARES	Product returns (%) as at 30 Dec 2011
Investment Sector	3 Mths	1 Year	3 Year	5 Year	Download	Download
AMP Capital Australian Shares Fund (AIF O)	6.33	-9.45	11.07	2.26	Investment Statement	Fact Sheet

Neither AMP Capital Investors (New Zealand) Limited , nor any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return. Past performance is not a reliable indicator of future performance. Every effort has been made to ensure the accuracy of this information, however, AMP Capital (New Zealand) Limited nor any other company in the AMP Group gives any warranty of reliability, or accuracy, nor accepts any responsibility arising in any way from errors or omissions.