Super Fund Individual - Mid Tax Individual - Top Tax Individual - Zero Tax
Super Fund (Currently Taxed at 15%)
Fund Name	Return Scenario	Total Return for periods ended 31/12/2011
		1 Year	3 Yrs (pa)	5 Yrs (pa)	6 Yrs (pa)	7 Yrs (pa)	8 Yrs (pa)
Asset Sector Index Funds
Vanguard Index Cash Plus Fund	Before Tax	4.79%	3.94%	5.20%	5.15%	5.12%	5.12%
	After Tax On Distributions	4.13%	3.23%	4.37%	4.31%	4.30%	4.31%
	After Tax If fully Redeem/Withdraw	4.09%	3.30%	4.39%	4.35%	4.32%	4.33%
Vanguard Index Diversified Bond Fund	Before Tax	10.08%	7.10%	7.42%	6.67%	6.55%	6.66%
	After Tax On Distributions	8.20%	6.02%	6.34%	5.75%	5.63%	5.71%
	After Tax If fully Redeem/Withdraw	8.50%	6.04%	6.31%	5.70%	5.59%	5.67%
Vanguard Index Australian Property Securities Fund	Before Tax	-2.40%	1.58%	-15.37%	-8.76%	-6.07%	-2.01%
	After Tax On Distributions	-3.02%	1.16%	-15.82%	-9.31%	-6.64%	-2.62%
	After Tax If fully Redeem/Withdraw	-2.33%	1.33%	-13.14%	-7.44%	-5.07%	-1.52%
Vanguard High Yield Australian Shares Fund	Before Tax	-3.07%	10.13%	-1.67%	1.85%	4.02%	n/a
	After Tax On Distributions	-2.03%	11.20%	-0.72%	2.75%	4.89%	n/a
	After Tax If fully Redeem/Withdraw	-1.20%	10.75%	-0.10%	3.06%	5.02%	n/a
Vanguard Index Australian Shares Fund	Before Tax	-11.52%	6.95%	-2.95%	1.05%	3.79%	6.45%
	After Tax On Distributions	-10.90%	7.64%	-2.37%	1.60%	4.33%	6.99%
	After Tax If fully Redeem/Withdraw	-9.38%	7.39%	-1.65%	1.98%	4.47%	6.93%
Vanguard Index International Shares Fund	Before Tax	-5.75%	-3.13%	-8.01%	-5.08%	-2.29%	-0.90%
	After Tax On Distributions	-5.68%	-3.07%	-7.95%	-5.03%	-2.23%	-0.84%
	After Tax If fully Redeem/Withdraw	-4.98%	-2.64%	-6.89%	-4.32%	-1.85%	-0.61%
Vanguard Index Hedged International Shares Fund	Before Tax	-2.40%	11.35%	-2.67%	0.35%	2.69%	4.09%
	After Tax On Distributions	-4.81%	10.30%	-3.74%	-0.56%	1.80%	3.17%
	After Tax If fully Redeem/Withdraw	-2.65%	10.10%	-2.57%	0.19%	2.30%	3.56%
Diversified Index Funds  - LifeStrategy
Vanguard LifeStrategy Conservative Fund	Before Tax	2.47%	5.22%	2.92%	3.90%	4.64%	5.34%
	After Tax On Distributions	1.79%	4.73%	2.37%	3.31%	4.07%	4.78%
	After Tax If fully Redeem/Withdraw	2.18%	4.69%	2.58%	3.47%	4.15%	4.81%
Vanguard LifeStrategy Balanced Fund	Before Tax	-0.32%	5.26%	0.89%	2.66%	3.97%	5.13%
	After Tax On Distributions	-0.80%	4.95%	0.53%	2.29%	3.60%	4.77%
	After Tax If fully Redeem/Withdraw	-0.14%	4.89%	0.91%	2.53%	3.72%	4.79%
Vanguard LifeStrategy Growth Fund	Before Tax	-3.11%	5.40%	-1.03%	1.49%	3.34%	4.96%
	After Tax On Distributions	-3.41%	5.28%	-1.23%	1.31%	3.17%	4.79%
	After Tax If fully Redeem/Withdraw	-2.47%	5.19%	-0.63%	1.66%	3.34%	4.83%
Vanguard LifeStrategy High Growth Fund	Before Tax	-6.64%	5.01%	-3.53%	-0.13%	2.29%	4.35%
	After Tax On Distributions	-6.60%	5.12%	-3.47%	-0.08%	2.35%	4.43%
	After Tax If fully Redeem/Withdraw	-5.44%	5.01%	-2.68%	0.38%	2.57%	4.47%
		1 Year	3 Yrs (pa)	5 Yrs (pa)	6 Yrs (pa)	7 Yrs (pa)	8 Yrs (pa)

Super Fund Individual - Mid Tax Individual - Top Tax Individual - Zero Tax
Individual - Mid Tax Bracket (Currently Taxed at 31.5%)
Fund Name	Return Scenario	Total Return for periods ended 31/12/2011
		1 Year	3 Yrs (pa)	5 Yrs (pa)	6 Yrs (pa)	7 Yrs (pa)	8 Yrs (pa)
Asset Sector Index Funds
Vanguard Index Cash Plus Fund	Before Tax	4.79%	3.94%	5.20%	5.15%	5.12%	5.12%
	After Tax On Distributions	3.40%	2.46%	3.46%	3.40%	3.40%	3.43%
	After Tax If fully Redeem/Withdraw	3.34%	2.57%	3.50%	3.45%	3.44%	3.46%
Vanguard Index Diversified Bond Fund	Before Tax	10.08%	7.10%	7.42%	6.67%	6.55%	6.66%
	After Tax On Distributions	6.00%	4.81%	5.16%	4.73%	4.63%	4.65%
	After Tax If fully Redeem/Withdraw	6.47%	4.85%	5.11%	4.65%	4.56%	4.60%
Vanguard Index Australian Property Securities Fund	Before Tax	-2.40%	1.58%	-15.37%	-8.76%	-6.07%	-2.01%
	After Tax On Distributions	-3.76%	0.61%	-16.36%	-9.93%	-7.28%	-3.29%
	After Tax If fully Redeem/Withdraw	-2.67%	0.88%	-12.21%	-7.02%	-4.85%	-1.60%
Vanguard High Yield Australian Shares Fund	Before Tax	-3.07%	10.13%	-1.67%	1.85%	4.02%	n/a
	After Tax On Distributions	-3.23%	10.07%	-1.77%	1.67%	3.83%	n/a
	After Tax If fully Redeem/Withdraw	-1.93%	9.34%	-0.78%	2.17%	4.02%	n/a
Vanguard Index Australian Shares Fund	Before Tax	-11.52%	6.95%	-2.95%	1.05%	3.79%	6.45%
	After Tax On Distributions	-11.70%	6.79%	-3.19%	0.73%	3.46%	6.13%
	After Tax If fully Redeem/Withdraw	-9.31%	6.37%	-2.05%	1.32%	3.67%	6.02%
Vanguard Index International Shares Fund	Before Tax	-5.75%	-3.13%	-8.01%	-5.08%	-2.29%	-0.90%
	After Tax On Distributions	-5.92%	-3.28%	-8.19%	-5.27%	-2.47%	-1.08%
	After Tax If fully Redeem/Withdraw	-4.82%	-2.61%	-6.53%	-4.16%	-1.87%	-0.72%
Vanguard Index Hedged International Shares Fund	Before Tax	-2.40%	11.35%	-2.67%	0.35%	2.69%	4.09%
	After Tax On Distributions	-7.85%	8.95%	-5.13%	-1.77%	0.59%	1.92%
	After Tax If fully Redeem/Withdraw	-4.47%	8.61%	-3.25%	-0.59%	1.38%	2.53%
Diversified Index Funds  - LifeStrategy
Vanguard LifeStrategy Conservative Fund	Before Tax	2.47%	5.22%	2.92%	3.90%	4.64%	5.34%
	After Tax On Distributions	0.68%	3.91%	1.49%	2.43%	3.22%	3.93%
	After Tax If fully Redeem/Withdraw	1.30%	3.84%	1.83%	2.68%	3.35%	3.96%
Vanguard LifeStrategy Balanced Fund	Before Tax	-0.32%	5.26%	0.89%	2.66%	3.97%	5.13%
	After Tax On Distributions	-1.91%	4.15%	-0.31%	1.46%	2.80%	3.96%
	After Tax If fully Redeem/Withdraw	-0.87%	4.05%	0.31%	1.84%	2.98%	3.99%
Vanguard LifeStrategy Growth Fund	Before Tax	-3.11%	5.40%	-1.03%	1.49%	3.34%	4.96%
	After Tax On Distributions	-4.53%	4.48%	-2.05%	0.51%	2.40%	4.02%
	After Tax If fully Redeem/Withdraw	-3.06%	4.34%	-1.09%	1.07%	2.66%	4.06%
Vanguard LifeStrategy High Growth Fund	Before Tax	-6.64%	5.01%	-3.53%	-0.13%	2.29%	4.35%
	After Tax On Distributions	-7.51%	4.41%	-4.19%	-0.80%	1.65%	3.73%
	After Tax If fully Redeem/Withdraw	-5.70%	4.23%	-2.93%	-0.07%	2.00%	3.79%
		1 Year	3 Yrs (pa)	5 Yrs (pa)	6 Yrs (pa)	7 Yrs (pa)	8 Yrs (pa)

Super Fund Individual - Mid Tax Individual - Top Tax Individual - Zero Tax
Individual - Top Tax Bracket (Currently Taxed at 46.5%)
Fund Name	Return Scenario	Total Return for periods ended 31/12/2011
		1 Year	3 Yrs (pa)	5 Yrs (pa)	6 Yrs (pa)	7 Yrs (pa)	8 Yrs (pa)
Asset Sector Index Funds
Vanguard Index Cash Plus Fund	Before Tax	4.79%	3.94%	5.20%	5.15%	5.12%	5.12%
	After Tax On Distributions	2.74%	1.77%	2.64%	2.56%	2.57%	2.60%
	After Tax If fully Redeem/Withdraw	2.64%	1.92%	2.70%	2.64%	2.63%	2.65%
Vanguard Index Diversified Bond Fund	Before Tax	10.08%	7.10%	7.42%	6.67%	6.55%	6.66%
	After Tax On Distributions	4.01%	3.72%	4.08%	3.80%	3.70%	3.66%
	After Tax If fully Redeem/Withdraw	4.72%	3.77%	4.01%	3.69%	3.59%	3.59%
Vanguard Index Australian Property Securities Fund	Before Tax	-2.40%	1.58%	-15.37%	-8.76%	-6.07%	-2.01%
	After Tax On Distributions	-4.43%	0.10%	-16.87%	-10.56%	-7.95%	-4.01%
	After Tax If fully Redeem/Withdraw	-2.83%	0.50%	-10.92%	-6.37%	-4.45%	-1.59%
Vanguard High Yield Australian Shares Fund	Before Tax	-3.07%	10.13%	-1.67%	1.85%	4.02%	n/a
	After Tax On Distributions	-4.32%	9.06%	-2.72%	0.68%	2.83%	n/a
	After Tax If fully Redeem/Withdraw	-2.41%	7.94%	-1.24%	1.41%	3.11%	n/a
Vanguard Index Australian Shares Fund	Before Tax	-11.52%	6.95%	-2.95%	1.05%	3.79%	6.45%
	After Tax On Distributions	-12.42%	6.02%	-3.95%	-0.09%	2.62%	5.30%
	After Tax If fully Redeem/Withdraw	-8.91%	5.37%	-2.26%	0.77%	2.91%	5.09%
Vanguard Index International Shares Fund	Before Tax	-5.75%	-3.13%	-8.01%	-5.08%	-2.29%	-0.90%
	After Tax On Distributions	-6.13%	-3.47%	-8.40%	-5.49%	-2.70%	-1.30%
	After Tax If fully Redeem/Withdraw	-4.52%	-2.48%	-5.98%	-3.87%	-1.82%	-0.78%
Vanguard Index Hedged International Shares Fund	Before Tax	-2.40%	11.35%	-2.67%	0.35%	2.69%	4.09%
	After Tax On Distributions	-10.61%	7.71%	-6.40%	-2.90%	-0.54%	0.73%
	After Tax If fully Redeem/Withdraw	-5.68%	7.16%	-3.61%	-1.15%	0.62%	1.62%
Diversified Index Funds  - LifeStrategy
Vanguard LifeStrategy Conservative Fund	Before Tax	2.47%	5.22%	2.92%	3.90%	4.64%	5.34%
	After Tax On Distributions	-0.32%	3.16%	0.69%	1.59%	2.40%	3.10%
	After Tax If fully Redeem/Withdraw	0.59%	3.06%	1.20%	1.97%	2.59%	3.14%
Vanguard LifeStrategy Balanced Fund	Before Tax	-0.32%	5.26%	0.89%	2.66%	3.97%	5.13%
	After Tax On Distributions	-2.90%	3.42%	-1.08%	0.69%	2.03%	3.19%
	After Tax If fully Redeem/Withdraw	-1.38%	3.26%	-0.15%	1.25%	2.30%	3.22%
Vanguard LifeStrategy Growth Fund	Before Tax	-3.11%	5.40%	-1.03%	1.49%	3.34%	4.96%
	After Tax On Distributions	-5.53%	3.76%	-2.82%	-0.24%	1.66%	3.27%
	After Tax If fully Redeem/Withdraw	-3.38%	3.53%	-1.39%	0.58%	2.04%	3.31%
Vanguard LifeStrategy High Growth Fund	Before Tax	-6.64%	5.01%	-3.53%	-0.13%	2.29%	4.35%
	After Tax On Distributions	-8.34%	3.76%	-4.85%	-1.49%	0.98%	3.06%
	After Tax If fully Redeem/Withdraw	-5.68%	3.48%	-2.99%	-0.41%	1.48%	3.11%
		1 Year	3 Yrs (pa)	5 Yrs (pa)	6 Yrs (pa)	7 Yrs (pa)	8 Yrs (pa)

Super Fund Individual - Mid Tax Individual - Top Tax Individual - Zero Tax
Individual - Zero Tax (imputation credits claimed)
Fund Name	Return Scenario	Total Return for periods ended 31/12/2011
		1 Year	3 Yrs (pa)	5 Yrs (pa)	6 Yrs (pa)	7 Yrs (pa)	8 Yrs (pa)
Asset Sector Index Funds
Vanguard Index Cash Plus Fund	Before Tax	4.79%	3.94%	5.20%	5.15%	5.12%	5.12%
	After Tax On Distributions	4.79%	3.94%	5.20%	5.15%	5.12%	5.12%
	After Tax If fully Redeem/Withdraw	4.79%	3.94%	5.20%	5.15%	5.12%	5.12%
Vanguard Index Diversified Bond Fund	Before Tax	10.08%	7.10%	7.42%	6.67%	6.55%	6.66%
	After Tax On Distributions	10.08%	7.10%	7.42%	6.67%	6.55%	6.66%
	After Tax If fully Redeem/Withdraw	10.08%	7.10%	7.42%	6.67%	6.55%	6.66%
Vanguard Index Australian Property Securities Fund	Before Tax	-2.40%	1.58%	-15.37%	-8.76%	-6.07%	-2.01%
	After Tax On Distributions	-2.34%	1.66%	-15.31%	-8.69%	-5.97%	-1.91%
	After Tax If fully Redeem/Withdraw	-2.34%	1.66%	-15.31%	-8.69%	-5.97%	-1.91%
Vanguard High Yield Australian Shares Fund	Before Tax	-3.07%	10.13%	-1.67%	1.85%	4.02%	n/a
	After Tax On Distributions	-0.96%	12.12%	0.11%	3.67%	5.86%	n/a
	After Tax If fully Redeem/Withdraw	-0.96%	12.12%	0.11%	3.67%	5.86%	n/a
Vanguard Index Australian Shares Fund	Before Tax	-11.52%	6.95%	-2.95%	1.05%	3.79%	6.45%
	After Tax On Distributions	-10.17%	8.22%	-1.75%	2.29%	5.06%	7.75%
	After Tax If fully Redeem/Withdraw	-10.17%	8.22%	-1.75%	2.29%	5.06%	7.75%
Vanguard Index International Shares Fund	Before Tax	-5.75%	-3.13%	-8.01%	-5.08%	-2.29%	-0.90%
	After Tax On Distributions	-5.75%	-3.13%	-8.01%	-5.08%	-2.29%	-0.90%
	After Tax If fully Redeem/Withdraw	-5.75%	-3.13%	-8.01%	-5.08%	-2.29%	-0.90%
Vanguard Index Hedged International Shares Fund	Before Tax	-2.40%	11.35%	-2.67%	0.35%	2.69%	4.09%
	After Tax On Distributions	-2.40%	11.35%	-2.67%	0.35%	2.69%	4.09%
	After Tax If fully Redeem/Withdraw	-2.40%	11.35%	-2.67%	0.35%	2.69%	4.09%
Diversified Index Funds  - LifeStrategy
Vanguard LifeStrategy Conservative Fund	Before Tax	2.47%	5.22%	2.92%	3.90%	4.64%	5.34%
	After Tax On Distributions	2.68%	5.44%	3.13%	4.11%	4.85%	5.56%
	After Tax If fully Redeem/Withdraw	2.68%	5.44%	3.13%	4.11%	4.85%	5.56%
Vanguard LifeStrategy Balanced Fund	Before Tax	-0.32%	5.26%	0.89%	2.66%	3.97%	5.13%
	After Tax On Distributions	0.02%	5.61%	1.21%	2.99%	4.30%	5.47%
	After Tax If fully Redeem/Withdraw	0.02%	5.61%	1.21%	2.99%	4.30%	5.47%
Vanguard LifeStrategy Growth Fund	Before Tax	-3.11%	5.40%	-1.03%	1.49%	3.34%	4.96%
	After Tax On Distributions	-2.67%	5.90%	-0.58%	1.96%	3.82%	5.44%
	After Tax If fully Redeem/Withdraw	-2.67%	5.90%	-0.58%	1.96%	3.82%	5.44%
Vanguard LifeStrategy High Growth Fund	Before Tax	-6.64%	5.01%	-3.53%	-0.13%	2.29%	4.35%
	After Tax On Distributions	-6.06%	5.64%	-2.96%	0.46%	2.90%	4.97%
	After Tax If fully Redeem/Withdraw	-6.06%	5.64%	-2.96%	0.46%	2.90%	4.97%
		1 Year	3 Yrs (pa)	5 Yrs (pa)	6 Yrs (pa)	7 Yrs (pa)	8 Yrs (pa)