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 BPAY

• 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.

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.

The fund invests mostly in a selection of Australian shares chosen by Tyndall AM. It aims to deliver investors tax effective income and the potentisl for long-term capital growth.

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.