Benefits of investing in the Macquarie True Index Cash Fund

• True Indexing eliminates the potential tracking error of the Fund relative to the Index, while providing daily liquidity.

• No management fee while True Indexing applies.

• Access to the expertise provided by Macquarie Investment Management.

Risk level

Low

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

Aims to provide investors with pre-tax returns that equal the returns of the Bloomberg AusBond Bank Bill Index (Index), known as True Indexing'.

True Indexing is designed to result in pre-tax returns for investors that equal the returns provided by the Index.

How we invest your money

True Indexing is designed to result in pre-tax returns for investors that equal the returns provided by the Index. The Fund achieves this by:

1. investing in fixed and floating rate securities, derivatives (including options, futures, warrants and forwards) and cash, either directly or through underlying funds that are managed by members of the Macquarie Group (Underlying Investments) with the aim of providing exposure that closely resembles the exposure of the Index, and
2. entering into a swap agreement with Macquarie Financial Holdings Pty Limited (Swap Counterparty). If the Underlying Investments outperform the Index, the Swap Counterparty receives this outperformance. If the Underlying Investments underperform the Index, the Swap Counterparty compensates the Fund to the extent of the underperformance.

These arrangements enable the Fund to provide True Indexing regardless of the performance of the Underlying Investments.

Asset allocation

• Cash and fixed interest securities: 100%