The Portfolio Manager’s investment philosophy is based on the belief that prices of Australian equities often do not accurately reflect their underlying valuation or risk profile and shares can be over or undervalued.

The Fund aims to outperform (after management fees and costs) 
the Benchmark over rolling five year periods.

Benefits of investing in the UBS Yarra Australian Share Fund

• Investment return: The Fund's investment return objective is set out in section 5 of the product PDS. The Fund invests in those Australian shares that the Portfolio Manager believes are fundamentally undervalued by the market.

• Professional management: Access to a specialist investment management team with extensive experience in Australian equities who will actively manage the underlying investments.

• Research resources: The Portfolio Manager has a large, specialised and experienced Australian equities team. Its investment process focuses on fundamental research and analysis which underpins a deep understanding of companies and industries across the investment universe. Its research

• & trading team is able to provide in-depth analysis of local market trends and regulatory conditions.
• Distributions: The potential to receive half yearly distributions.

The Fund is intended to be suitable for investors with at least a 
seven year investment timeframe and with a high risk and return 
profile. More specifically, the Fund is intended to be suitable for
investors who are seeking a diversified portfolio of predominantly listed Australian equity securities.

About the Fund

The Fund is an actively managed fund investing in a portfolio of 30-70 listed Australian equity securities.

Investment objective

The Fund aims to provide investors with a total return (after management costs) in excess of the S&P/ASX 300 Accumulation Index when measured over rolling five year periods.

How we invest your money

Investment universe

Eligible investments of the Fund comprise ordinary shares of listed Australian equities and financial derivatives. Financial derivatives may be used to gain exposure to the Australian sharemarket or to manage investment risk. At least 75% of the Fund is invested in stocks that comprise the S&P/ASX 100 index.

Investment guidelines

The Fund may invest between 90 to 100% in listed Australian equity securities. It may also invest up to 10% in cash. Effective exposure may include derivatives.