Reporting

As custodians of clients’ investments, Dalton Nicol Reid believes that timely, accurate, meaningful information should be readily available at all times. As such, the following reports are generated for each account:

• Portfolio Valuation (PVs)
• Cash Statement
• Transaction Detail Report
• Income and Expense Report
• Unrealised Gains / Losses year-to-date
• Realised Gains / Losses year-to-date

Major Reports:

• Quarterly Statements
• Performance Reports (6 monthly)
• Tax Reports (annually)

Non-Portfolio/ Non-Account specific*

Update Communications :

• Monthly Investment Review: MIR
• BoardRoom Radio MIR (Audio with presentation) - monthly www hook-up
• Major portfolio changes announced - emails as required
• Adhoc market impacting / related updates - emails as required

* for Advisers and DNR PriVate Clients only

Administration

All shares and cash are held by CBA's Avanteos Custodian on behalf of the client. This means that the client retains beneficial ownership of the shares (and all associated tax advantages) with the custodian keeping these on the client's behalf.

No shares or cash are held in the name of Dalton Nicol Reid. Dalton Nicol Reid performs daily reconciliations with the shares and cash held with the Custodian & CHESS to ensure they reflect the daily positions reported to the client on the web based portfolio reporting system.

Independent external auditors are engaged by Dalton Nicol Reid to review the procedures and holdings of Dalton Nicol Reid to ensure that the transactions and holdings reported to the clients are correct and true.

An audit report is issued to each client on a yearly basis with the annual statement of portfolio transactions (September).