Benefits of investing in the Maple-Brown Abbott Global Listed Infrastructure Fund - Hedged

The Fund offers a number of significant benefits:

• Investment expertise - the opportunity to invest in a fund managed by a dedicated and experienced team

• Investment return - the potential to provide investment returns in line with the investment objective

• Investment growth and distributions - access to an international share portfolio that aims to deliver long term capital growth, along with the potential to receive quarterly distributions

• Broader investment opportunities - access to investment opportunities, markets and risk management techniques not generally available to individual investors

• Hedging - your investment's currency exposure is substantially hedged back to Australian dollars

• Regular reporting - comprehensive investment reports and transaction, distribution and annual tax statements.

Risk level

High

Investor suitability

The Fund is suitable for investors who:

• want to invest for the long term (5 years +)
  
• have a high risk tolerance
  
• want to gain exposure to global listed infrastructure equities, who seek long term capital growth and income
• want to hedge foreign exchange exposure.
  

Fund description

The Maple-Brown Abbott Global Listed Infrastructure Fund - Hedged is an actively managed global listed infrastructure securities portfolio with a focus on regulated, contracted and concession assets or networks that provide essential services. We will substantially hedge all of the Fund's currency exposure back to Australian dollars.

Currently, the Fund gains exposure to global listed infrastructure securities by purchasing units in the Maple-Brown Abbott Global Listed Infrastructure Fund. The underlying stocks are selected using our well established investment process based on rigorous research.

Our bottom-up stock selection approach is based on detailed analysis prepared by our experienced investment team, with all investment decisions based on research prepared using internal forecasts and analysis.

We consider a narrower range of "core infrastructure assets compared to many other fund managers and infrastructure indices. Attributes that we believe are important in infrastructure companies include a strong strategic position within the economy in which they operate, inflation protection, low volatility and a high level of corporate governance.

How we invest your money

Investment guidelines

• Stock Exposure to a single stock should not be greater than 10% of the total portfolio.

• Equities listed in the United States of America (excluding DRs) should not be greater than 65% of the total portfolio.

• Equities listed in any other individual OECD country (excluding DRs) should not be greater than 30% of the total portfolio.

• Equities listed in any individual non-OECD country should not be greater than 15% of the total portfolio, and will not be greater than 30% in aggregate.

Asset allocation

(Asset: Minimum / Maximum / Neutral)

• Global listed infrastructure equities: 80% / 100% / 95%

• Cash: 0% / 20% / 5%

Hedging

We will substantially hedge all of the Fund's currency exposure back to Australian dollars. Typically this would be done through forward foreign exchange contracts and/or options.