Benefits of investing in the Martin Currie Diversified Growth 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 diversified approach to investment with long-term financial goals.

About the Fund

The Fund follows a multi asset investment approach which is designed to invest approximately 70% in growth assets and 30% in defensive assets. It seeks to optimally allocate assets across Australian and global equities, listed real assets (such as property, utility and infrastructure securities), global and domestic fixed income and cash to produce superior medium-term returns.

The investment manager's approach focuses on identifying the relative expected returns of equities, bonds and cash in order to provide an optimal asset allocation to produce superior expected medium term returns.

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

Through investment across multiple asset classes, the Fund aims to earn an after-fee return in excess of the Benchmark over rolling three year periods.

Benchmark

• Australian equities: S&P/ASX 200 Accumulation Index 35%

• Australian listed real assets: 50% S&P/ASX 300 A-REIT Index and 50% S&P/ASX Infrastructure Index 13%

• Global equities: MSCI All Country (ex Australia) World Index, net dividends reinvested, expressed in AUD 23%

• Australian fixed income: Bloomberg AusBond Composite Index 12%

• Global fixed income: Bloomberg Barclays Global Aggregate Index, hedged into Australian dollars 12%

• Cash: Bloomberg AusBond Bank Bill Index 5%

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 may also use certain derivatives to implement investment decisions, to manage cash flows or to facilitate timely exposure to securities.

The Fund does not intend to borrow.

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

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

• Australian equities: 15% / 35% / 45%

• Listed real assets: 0% / 13% / 25%

• Global equities: 0% / 23% / 35%

TOTAL GROWTH ASSETS: 50% / 71% / 80%

• Australian fixed income: 0% / 12% / 25%

• Global fixed income: 0% / 12% / 25%

• Cash: 0% / 5% / 15%

TOTAL DEFENSIVE ASSETS: 20% / 29% / 50%

• Alternative investments: 0% / 0% / 6%