Series H (AFOF-VCLP) Fund

Low risk investment into successful private companies with assets up to A$250m

This fund is a mandatory investment alternative under the SIV policy changes from 1 July 2015.

This fund provides exposure to high growth Australian based private companies (largely businesses with EBITDA less than $15M), of which there are over 20,000 such businesses in Australia. The fund will seek to partner with business owners but have a meaningful equity stake with appropriate shareholder protections. The fund will create liquidity for investors in these investments via trade sales, IPOs, MBOs or secondary buyouts.

Series G (Emerging Companies) Fund

Low risk investment into established listed companies with market capitalisation up to A$500m

This fund is a mandatory investment alternative under the SIV policy changes from 1 July 2015.

The fund provides a diversified exposure to ASX listed emerging companies. Emerging companies have a higher expected return than the Large Cap equities. The portfolio is actively managed portfolio of Australian listed shares with a market capitalisation of between $30million and $350million. The portfolio has a broad composition of 50-100 stocks and combines top-down and bottom-up analysis in stock selection.

Series C (Term Deposit) Fund

This fund delivers the equivalent of an investment in an Australian bank term deposit product.

The term deposit will be held with an Australian “big four” bank, being any of Commonwealth Bank of Australia (CBA), Australia and New Zealand Banking Group (ANZ), National Australia Bank Limited (NAB) or Westpac (WBC).

The Investment Manager reserves the right to invest in one or more of these banks and to alter these investments within these banks from time to time.

Series D (Bond) Fund

Fund D invests in the corporate debt of ASX listed entities and other Australian entities. This may include investments in a fixed interest fund or funds operated by third party managers.

To enhance risk adjusted returns the Manager may from time to time invest in special bond/debt opportunities which makes up the majority of the portfolio at present.

Series DII (Bond) Fund

Fund DII invests in the corporate debt of ASX listed entities and other Australian entities. This may include investments in a fixed interest fund or funds operated by third party managers.

To enhance risk adjusted returns the Manager may from time to time invest in special bond/debt opportunities which makes up the majority of the portfolio at present.

Series M/MII (Secured Income) Fund

Funds M/MII aims to provide investors with a fixed income style return through exposure to a broad spectrum of debt instruments and securities, with a preference to property related exposures, encompassing senior debt through to mezzanine and preferred equity positions.

M Fund may also invest in debt instruments, including hybrids, convertible and/or preferred securities issued by either ASX listed or unlisted Australian domiciled companies or trusts.

M Fund investments are subject to the restrictions of the Old SIV Regime.

MII Fund investments are subject to the restrictions of the New SIV Regime.

Series A (Large Cap) Fund

This Fund offers a diversified exposure to the Australian Equity Market and is designed to maximise the yield and capital growth opportunities presented by high quality ASX stocks (i.e. largely stocks in the ASX300 Index). The Fund offers an actively managed portfolio of the selected stocks with a conservative approach to leverage where available and/or appropriate.

Series B (TMT) Fund

Fund B aims to provide a concentrated exposure to specific Australian small/micro-cap companies that are listed or are expected to list in the next 12 months within the technology, media, retail and internet sectors. The Investment Manager will seek to drive growth by taking an active role with investee companies by taking board seats and actively participating in M&A to drive growth in the value of the investments.

Series F (LIC) Fund

This SIV Fund aims to provide Investors with the opportunity to access the growing Listed Investment Company (LIC) sector in Australia. LICs provide a level of diversification and the ability to invest into a number of sectors where liquidity may have traditionally prevented investment (such as direct property, private equity, small cap companies) as well diversified as ASX listed holdings. The investment in LICs is a well-established alternative to a managed fund and the mandate includes existing LICs as well as supporting new LICs that are to be listed in the next 12 months. Today there are over 80 LICs listed on the ASX.

Series I (Mid-cap) Fund

This Fund is an actively managed portfolio of high yielding Australian shares. The Fund invests in Australian listed shares outside of the ASX top-30 that offer a high dividend yield & modest capital growth. These companies will have stable earnings, solid dividend growth and strong balance sheets.

Series E (Property) Fund

Fund E has a broad mandate allowing the Investment Manager to allocate capital to the most attractive property investment opportunities available at a particular time. The mandate of potential investments include direct property investment (both debt and equity), LICs operating in the property sector, listed property companies, REITs, and property funds operated by third party managers. Presently the Fund is exposed to three development opportunities, together with the Salter Brothers Hotel assets.

Series J (A-REIT) Fund

This fund is designed to maximise the yield and capital growth opportunities presented by high quality ASX REIT and listed property stocks. The fund offers an exposure to the real estate sector whilst providing investors with liquidity.

Series K/KII (Yield Asset) Fund

Funds K/KII aim to provide Investors access to investment opportunities in the Australian property and social infrastructure sectors. The Manager will allocate capital to the most attractive, risk adjusted, yield based property and infrastructure investment opportunities available at any particular time.

The mandate of potential investments include direct property and social infrastructure investments, LICs operating in the property and infrastructure sectors, listed property and infrastructure companies, REITs, and property and infrastructure funds operated by third party managers. The primary investment of the Funds is an investment in the Salter Brothers Hotel Group and Salter Brothers Social Infrastructure Property Fund.

Series L/LII/LIII (Preference Yield) Fund

Funds L/LII/LIII aim to provide Investors with a preference return through an underlying exposure to the Australian property and infrastructure sectors. The Manager will allocate capital to the most attractive, risk adjusted, yield based property and infrastructure investment opportunities available at any particular time.

The mandate of potential investments includes direct property and infrastructure investments, LICs operating in the property and infrastructure sectors, listed property and infrastructure companies, REITs, and property and infrastructure funds operated by third party managers. The initial investment of the Funds will be an exposure to the Salter Brothers Hotel Group. Salter Brothers

Series N (Entertainment) Fund

The mandate of Fund N is focused on investing in yielding property backed businesses operating in the hospitality, entertainment and leisure segments in Australia. This may be achieved via direct property backed investments in hospitality, entertainment and leisure businesses, LICs or ETFs operating in the hospitality, entertainment and leisure sectors; REITs; and hospitality, entertainment and leisure funds operated by third party managers. All investments are subject to the restrictions of the Old SIV Regime.

Series NII (Entertainment) Fund

The mandate of Fund NII is focused on investing in yielding property backed businesses operating in the hospitality, entertainment and leisure segments in Australia. This may be achieved via direct property backed investments in hospitality, entertainment and leisure businesses, LICs or ETFs operating in the hospitality, entertainment and leisure sectors; REITs; and hospitality, entertainment and leisure funds operated by third party managers. All investments are subject to the restrictions of the New SIV Regime.