Benefits of investing in the Martin Currie Equity Income Fund - Class A Units

The Fund offers a number of significant benefits:

• exposure to an actively managed portfolio of Australian income-orientated listed securities;

• the opportunity to receive regular income distributions from dividends (including "franked dividends) and net gains on the disposal of assets;

• targets lower volatility than the S&P/ASX 200 Index;

• professional management of your investment with an experienced investment manager;

• diversification benefits that would be difficult to achieve through direct investment;

• disciplined portfolio construction; and

• web-based reporting that includes performance, market commentary and portfolio strategy.

Risk level

Medium

Investor suitability

The Fund is designed for investors seeking sustainable income and who may have low-tax liabilities, such as retirees, charitable Funds, not-for-profit organisations and other low-tax entities.

About the Fund

• Aims to deliver a high and growing income stream by investing in quality Australian listed companies
• Strong focus on income growth to protect purchasing power
• Seeks to extract the full benefits of franking credits for zero tax rate payers

Significant features

The Fund seeks to provide a growing income stream by investing in a diversified portfolio of high-quality companies.

The investment manager's approach is premised on the philosophy that high-quality companies that have solid earnings can sustain dividends, match rises in the cost of living and are likely to be less volatile than the wider equity market.

The investment manager relies on complementary fundamental and quantitative research, and collective insights into the current investment landscape, to identify the most attractive opportunities.

The Fund is managed in a tax-aware manner in order to benefit from franking credits.

How we invest your money

The Fund aims to hold investments so that at the time of purchasing securities:

• exposure to an individual stock is no more than 6% of the Fund;

• approximately 40 to 60 securities are held; and

• exposure to an individual sector (as determined by Martin Currie Australia) is no more than 22%.

While the maximum holding of cash or cash equivalents is 10%, the Fund is intended to be fully invested in securities at all times with cash being held for liquidity purposes only.

The Fund will not invest in securities issued by companies involved in:

• the production or distribution of cluster munitions

• the manufacture of tobacco products.

The Fund does not use derivatives.

The Fund does not intend to borrow.