The Fund gains exposure to the performance of the Index by investing in the Macquarie True Index Global Infrastructure Securities Fund (Underlying Fund) and entering into currency hedging contracts. 

The Fund provides exposure to the performance of the FTSE Developed Core Infrastructure 50/50 Net Total Return Index in Australian Dollars (hedged) (Index). It aims to generate capital growth and income.

Benefits of investing in the Macquarie Hedged Index Global Infrastructure Securities Fund

The Underlying Fund is designed to result in pre-tax returns for investors that equal the returns provided by the FTSE Developed Core Infrastructure 50/50 Net Total Return Index in Australian Dollars (unhedged) (known as ‘True Indexing’) and seeks to achieve this by investing in shares, 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

The Investment Manager seeks to hedge the Fund’s currency exposure back to Australian dollars. As such, the return of the Fund will reflect the Index return of the Underlying Fund and the impact of the passive currency hedge.

Significant benefits

• Low cost exposure to global infrastructure securities through a hedged portfolio, designed to remove exposure to foreign currency fluctuations.
• Access to the expertise provided by Macquarie Asset Management Public Investments

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.

The Underlying Fund also enters 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 Underlying Fund to the extent of the underperformance. These arrangements enable the Underlying Fund to provide True Indexing regardless of the performance of the Underlying Investments.

Significant features
• Aims to provide exposure to the performance of the FTSE Developed Core Infrastructure 50/50 Net Total Return Index in Australian Dollars (hedged) (Index), by investing in the Macquarie True Index Global Infrastructure Securities Fund (Underlying Fund).

The Fund gains exposure to the performance of the Index by investing in the Macquarie True Index Global Infrastructure Securities Fund (Underlying Fund) and entering into currency hedging contracts. Macquarie is the responsible entity of the Underlying Fund, which is also managed by the Investment Manager.

The Underlying Fund is designed to result in pre-tax returns for investors that equal the returns provided by the FTSE Developed Core Infrastructure 50/50 Net Total Return Index in Australian Dollars (unhedged) (known as ‘True Indexing’) and seeks to achieve this by investing in shares, 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.

The Underlying Fund also enters 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 Underlying Fund to the extent of the underperformance. These arrangements enable the Underlying Fund to provide True Indexing regardless of the performance of the Underlying Investments.

The Investment Manager seeks to hedge the Fund’s currency exposure back to Australian dollars. As such, the return of the Fund will reflect the Index return of the Underlying Fund and the impact of the passive currency hedge.

Asset allocation:

Global infrastructure securities: 100%