Benefits of investing in the Macquarie Asia New Stars No. 1 Fund

• Potential for capital growth and some income.

• Provides access to small and mid-sized securities in Asia.

• Staff based on the ground in Asia who conduct regular meetings with management.

• Access to the investment management expertise of Macquarie Investment Management.

Risk level

High

Investor suitability

The Fund may be suitable for investors who are looking for an investment with the objective of the Fund listed above and are prepared to accept the risks of the Fund set out in Section 4 of the PDS.

About the Fund

The Macquarie Asia New Stars No. 1 Fund aims to capture the potential capital growth of small and mid-sized companies in Asia (excluding Japan), and to provide some income.

The Fund provides exposure to an actively managed portfolio of Asian equities though securities listed, or expected to be listed, on Asian exchanges (excluding Japan) by investing in the Macquarie Asia New Stars Fund, a sub-fund of Macquarie Unit Trust Series (Underlying Fund). The Fund may also provide exposure to equities which derive or are expected to derive a significant portion of their revenue from Asia (excluding Japan), listed on exchanges in the US and the UK, derivatives (including options, futures, warrants and forwards) and cash.

Significant features

• Provides exposure to a portfolio of small and mid-sized companies in Asia (excluding Japan).

• Exposure to an actively managed strategy using a combination of quantitative screening and an intensive fundamental research process to select stocks and build a portfolio of Asian (excluding Japan) shares.

How we invest your money

The investment manager of the Underlying Fund aims to build a diversified portfolio of small and mid-sized companies by exploiting key market inefficiencies that exist in Asia (excluding Japan) markets.

The process employs screening techniques followed by in-depth fundamental research to identify companies which:

1. rank highly on valuation, growth, risk and quality attributes
2. appear undervalued over the medium term
3. are leaders in attractive industries with a competitive advantage, and
4. are able to demonstrate strong management and corporate governance.

The Fund may be exposed to derivatives. Derivatives may be used for hedging or to manage economic exposure. The Fund may be exposed to Asian, US and UK currencies and is unhedged. Individual currencies may be hedged to manage risk and liquidity from time to time.

Asset allocation

• Asian (excluding Japan) equities: 80% - 100%

• Cash: 0% - 20%