Ausbil’s investment process aims to exploit the inefficiencies within the global listed infrastructure universe by conducting a detailed fundamental analysis that comprises both a long-term cash flow valuation and a thorough analysis of the quality of the company. The investment strategy uses both qualitative and quantitative analysis and tools, alongside a disciplined risk management process, with the aim of producing consistent and risk controlled outperformance.

To achieve returns (before fees and taxes) in excess of the OECD G7 CPI Index +5.5% pa over the long term. There is no guarantee that this objective will be achieved

Benefits of investing in the Ausbil Global Essential Infrastructure Fund - Unhedged

Investing in the Fund offers a range of benefits, including:

• Exposure to global infrastructure companies: access to a portfolio of listed global infrastructure companies that individual investors may not be able to invest in directly on their own.

• Diversification: the potential to diversify your investment portfolio.

• Experienced team: access to Ausbil's experienced global listed infrastructure investment management team.

• Regular reporting: direct investors can keep track of their investments through Ausbil's secure client website, www.ausbil.com.au. In addition direct investors will receive regular unitholder statements and an annual tax statement.

Risk level

Very High

Investor suitability

The Fund is designed for investors with at least a five-year investment time horizon, who wish to benefit from the long-term capital gains available from global listed infrastructure investments and who are comfortable with fluctuations in capital value in the short to medium term.

The Fund is designed for investors with at least a five year investment time horizon, who wish to benefit from the long term capital gains available from global listed infrastructure investments and who are comfortable with fluctuations in capital value in the short to medium term

About the Fund

Ausbil invests in securities that have assets that are "essential for the basic functioning of a society. The assets are typically regulated, contracted and/or have a track record of stable cash flows through the economic cycle. Ausbil likes monopolistic, regulated or long-term contracted assets and companies in sectors such as regulated utilities (eg electricity, gas and water), transport (eg toll roads, airports), energy (eg regulated or contracted pipelines) and communications (eg mobile phone towers).

The Fund predominantly invests in listed global infrastructure securities in developed markets, with up to 10% in emerging markets.

The Fund will be denominated in Australian dollars and currency exposures will be generally unhedged.

Investment strategy

Ausbil's investment process aims to exploit the inefficiencies within the global listed infrastructure universe by conducting a detailed fundamental analysis that comprises both a long-term cash flow valuation and a thorough analysis of the quality of the company. The investment strategy uses both qualitative and quantitative analysis and tools, alongside a disciplined risk management process, with the aim of producing consistent and risk controlled outperformance.

Fund Objective

To achieve returns (before fees and taxes) in excess of the OECD G7 CPI Index +5.5% pa over the long term. There is no guarantee that this objective will be achieved.

How we invest your money

The Fund predominantly invests in listed global infrastructure securities in developed markets, with up to 10% in emerging markets.

Ausbil invests in securities that have assets that are "essential for the basic functioning of a society. The assets are typically regulated, contracted and/or have a track record of stable cash flows through the economic cycle. Ausbil likes monopolistic, regulated or long-term contracted assets and companies in sectors such as regulated utilities (eg electricity, gas and water), transport (eg toll roads, airports), energy (eg regulated or contracted pipelines) and communications (eg mobile phone towers).

Asset Allocation

• Global securities: 80-100%

• Cash or cash-like securities 0-20%

The Fund will generally hold between 25 and 45 listed securities. In addition, it may invest in unlisted companies which are expected to be listed on any recognised exchange.

The Fund will be denominated in Australian dollars and currency exposures will be generally unhedged.