Benefits of investing in the Walter Scott Wholesale Plus Global Equity Fund

An investment in the Fund provides the following benefits and features:

• Potential for long-term compound returns with a focus on high quality businesses which offer high earnings growth.

• Potential to benefit from a comprehensive stock selection process.

• Access to the knowledge and investment expertise of the Manager and their brand of conservative growth investing.

The Walter Scott Wholesale Plus Global Equity Fund (the Fund) is likely to be appropriate for a consumer:
− seeking to achieve long-term capital growth , through investing in a concentrated portfolio of global equities. Please refer to the PDS for further details of the Fund’s investment objective;
− intending to access the Fund through an Investor Directed Portfolio Service (IDPS), IDPS-like scheme or a nominee or custody service, a managed account or any other service or platform approved by us (collectively referred to as an 'Investment Service') or through a superannuation fund. The Fund isn’t open to direct investors;
− intending to use the investment in the Fund as a core component, minor or satellite allocation within a portfolio;
− who has an investment timeframe of at least 7 years;
− who has a 'Very High' risk/return profile; and
− seeking the ability to make daily withdrawal requests and for withdrawal proceeds to be paid typically within 10 Business Days to the consumer's Investment Service or superannuation fund under normal market conditions

About the Fund

The Fund will invest into the Walter Scott Global Equity Fund APIR MAQ0410AU (Underlying Fund), which:

• provides exposure to a concentrated portfolio of high quality businesses which offer high earnings growth

• has an actively managed strategy using a benchmark unaware, fundamental, bottom-up and research driven approach to build, in the Manager's opinion, a portfolio of strong growth companies capable of generating wealth over long periods of time.

How we invest your money

The Underlying Fund provides exposure to a concentrated portfolio of global equities by investing in securities which, in the Manager's opinion, offer strong and sustained earnings growth. The Underlying Fund will not invest in 'tobacco' securities as defined by Global Industry Classification Standards (GICS) and 'controversial weapons' securities as defined by MSCI, Inc. The Underlying Fund is actively managed using a benchmark unaware, fundamental, bottom-up and research driven approach to build up a portfolio of strong growth companies capable of generating wealth over long periods of time. The investment approach combines detailed financial analysis with business and management analysis. The portfolio is constructed with a primary focus on stock-based analysis and a bias towards strong growth companies which the Manager believes are capable of generating high earnings growth.

The Underlying Fund may be exposed to derivatives to either obtain or reduce market exposures. The Underlying Fund may use foreign exchange spot contracts to facilitate settlement of stock purchases. The Underlying Fund's exposure to international assets is unhedged.

The asset allocation of the Underlying Fund is:

• International shares: 0-90%

• Cash: 0-10%