The Fund is managed using an index unaware approach with a bias towards investing in shares of higher quality businesses at reasonable prices, using the Investment Manager's fundamental Quality-At-a-Reasonable-Price (‘QARP’) investment process.

The Fund seeks to outperform the return of the Benchmark by 2% p.a. (before fees and expenses) over a rolling 5-year period.

Benefits of investing in the Touchstone Index Unaware Fund

The significant benefits of investing in the Fund are:

• Access to a share portfolio that aims to consistently deliver above-benchmark returns over the medium to long term;

• Investing with a well-resourced team of highly experienced investment professionals who undertake comprehensive, ongoing fundamental research in search of investment opportunities consistent with the QARP process;

• Regular reporting including monthly unitholder statements, half-yearly income distribution statements and annual tax statements; and

• Easy access to your investment information.

Risk level

High

Investor suitability

The Fund is suitable for investors who:

• Are primarily seeking capital growth from a portfolio of primarily listed Australian securities and cash;

• Are seeking a sustainable income stream via dividends and franking credits; and

• Have a high tolerance for risk.

About the Fund

The Touchstone Index Unaware Fund primarily selects stocks from the S&P/ASX 300 Index and typically holds 15-25 stocks. It seeks to invest in reasonably priced, good quality companies with a significant share of expected returns coming from sustainable dividends.

Investment objective

The Fund's objective is to deliver capital growth and a sustainable income stream to its investors. The Fund will invest in a portfolio of primarily listed Australian shares and cash, aiming to provide a total return that exceeds the return of the S&P/ASX 300 Accumulation Index by 2% p.a. (before fees and expenses) over a rolling 5-year period.

How we invest your money

The Fund is managed using an index unaware approach with a bias towards investing in shares of higher quality businesses at reasonable prices, using our fundamental Quality- At-a-Reasonable-Price (QARP') investment process. The companies within the portfolio are primarily selected from, but not limited to, the S&P/ASX 300 Index. The Fund may invest in securities expected to be listed on the ASX. The Fund may also invest in securities listed, or expected to be listed, on other exchanges where such securities relate to ASX listed securities.

The maximum individual stock weighting is 10% of the portfolio. The Investment Manager may from time to time temporarily exceed the exposure limits of the Fund, particularly during periods of market volatility, to allow for holdings in excess of this limit where the increase in value of the underlying security is due to market movement.

Asset allocation

The Fund can invest in the following asset classes:

• equities: 70-100%

• cash and cash equivalents: 0-20%

• derivatives: 0-10% (primarily used as a cash management tool and will not be used for speculative or gearing purposes).