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

The Fund offers a number of significant benefits:

• selection of attractive investment opportunities;

• active asset allocation between sectors and active security selection within each sector;

• 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 should be suitable mainly for investors seeking a stable income from investment in Australian shares and fixed income with long term financial goals.

About the Fund

• A balanced portfolio that blends investments in Australian equities, listed real assets (such as property, utility and infrastructure securities) and fixed income into a ready-made, hassle-free retirement income solution

• Exposure to low risk growth assets is expected to provide a growing income stream to protect purchasing power

• Designed to extract the full benefits of franking credits and maximise after tax income for zero percent tax payers

Significant features

The Fund is specifically designed for retirees. It seeks to provide a growing income stream by investing in a diversified portfolio of Australian equities, listed real assets (such as A- REITs, utility and infrastructure securities), fixed Income and cash or cash equivalents.

The investment manager's investment approach focuses on identifying superior expected income from equities, bonds and cash in order to provide an optimal asset allocation for retirees requiring sustainable income and growth over the medium to long term.

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

Benchmark

• Australian equities: S&P/ASX 200 Accumulation Index 30%
• Australian listed real assets: 50% S&P/ASX 300 A-REIT Index and 50% S&P/ASX Infrastructure Index 30%
• Australian fixed income: Bloomberg AusBond Composite Bond Index 30%
• Cash: Bloomberg AusBond Bank Bill Index 10%

How we invest your money

The Fund predominantly invests in units of other managed investment schemes ("Schemes) for which Legg Mason Australia is the Responsible Entity or that are managed by Legg Mason owned investment managers. The Responsible Entity can change the mix of underlying investment managers without notification.

The Fund will generally be managed in accordance with the following target strategic allocation guidelines.

(Asset class: Minimum / Target strategic allocation / Maximum)

• Australian equities: 0% / 30% / 50%

• Australian listed real assets*: 0% / 30% / 50%

• Australian fixed income: 0% / 30% / 50%

• Cash: 0% / 10% / 20%

TOTAL GROWTH ASSETS: 30% / 45% / 70%

TOTAL DEFENSIVE ASSETS: 30% / 55% / 70%

*For the purpose of the table above, Australian listed real assets are allocated equally between growth and defensive assets.