Benefits of investing in the Tyndall Australian Share Income Fund

Benefits of investing in the Fund include:

• exposure to a diversified portfolio of Australian shares

• the potential for a tax-effective income stream

• the potential for long-term returns (capital growth, income and franking credits)

• access to an established team with significant experience in managing Australian share portfolios

• an active high conviction value investment style and process that is used to identify companies whose shares may represent good value

• access to investment opportunities, markets and diversification that individual investors may not be able to achieve on their own

• the option to make regular investments with a Regular Savings Plan

• regular investment statements and an annual tax statement to keep you up-to-date on your investment

• a customer service team to assist with your queries about the Fund and your investment

• online access to up-to-date information about your investment.

Risk level

High

Investor suitability

The Fund is designed for investors looking for a tax-effective income stream and the potential for long-term capital growth from a portfolio of shares which is actively managed by an investment team that seeks to identify shares that represent good value.

About the Fund

The Fund invests in 40-70 stocks. It is designed to primarily provide tax-effective income and also the potential for capital growth.

Investment Objective

The Fund aims to provide a tax-effective income stream that exceeds the dividend yield of the S&P/ASX 200 Accumulation Index (grossed up for franking credits) by 2% p.a. over rolling five-year periods, before fees, expenses and tax, plus the potential for capital growth over the long term.

Fund characteristics

• Income focused, with the Fund's primary objective to deliver tax effective income

• Diversified portfolio (invests in 40-70 stocks)

• Constructed on an absolute risk basis

• Typically has lower volatility than the market

How we invest your money

The Fund is a managed investment scheme that invests predominantly in a selection of Australian shares. The Fund has a strong preference for shares that deliver tax-effective income.

Tyndall applies its comparative Value Analysis process and risk management tools to select intrinsic value investments that offer the best balance between risk and expected return.

The Fund may invest in shares that are expected to be listed within six months. The Fund may also retain exposure to a company that ceases to be listed on the ASX by holding shares in the same company listed on any international exchange.

Derivatives may be used to gain or reduce market exposures, however the Fund's investment strategy does not permit derivatives to be used for speculative or gearing purposes.

Strategic asset allocation

(Asset class: target range / target allocation)

• Australian shares and hybrids: 70%-100% / 97%

• International shares (unhedged)*: 0%-10% / 0%

• Cash and short-term securities: 0%-20% / 3%

Investments may be made directly or indirectly through investments in other managed investment schemes.

* may include shares that cease to be listed on the ASX but are listed on any international exchange.