Fact Sheet

Investment Statement

Fund information

For investors who believe the bounce will return to the market over the next five to six years, AUSTRALIA Series 1 provides two exciting, yet quite different, investment options. The first offers 100% capital protection at maturity and exposure to all the Index gains (Protected Units)*. The second option has no capital protection, but rewards investors with significantly boosted returns if the Index grows in value (Unprotected Units).

Hold to maturity values

Valuation Tools

Important information

Hold-to maturity values
The hold-to-maturity values shown on the table above are not a market value or a value at which investors can exit the fund. They represent what the value of each unit would be assuming it was maturing today and had been held for the full term. By making these assumptions, we can provide a hypothetical value which reflects the relevant level of capital protection plus the formula of returns which apply at maturity. We calculate this by adding together the accrued annual return and any growth in the underlying index, since the start date of investment. We take into account the participation rate of each fund when making the calculation i.e. the level of exposure the fund has to the index. The hold-to-maturity value gives investors an indication of how their investment is performing at the time the calculation is made.

Values prior to maturity
Unprotected Units: the value of Unprotected Units is an amount based on the value of the corresponding assets of the fund, shown as the Net Asset Value (NAV). The NAV is the current indicative unit price for the Unprotected Units only and is calculated at the end of January, April, July and October each year. The NAV does not take into account the 2% exit fee.

Protected Units: as capital protection only applies at maturity, the value of Protected Units prior to this date is a maximum of $1.00, less a 2% exit fee and any break costs involved in selling the investments held by the fund. Based on the restrictions imposed on the transferability of Protected Units, a reasonable view is that the ‘market value’ of each unit can be determined and it will not exceed $1.00 before maturity.

Early exits
Early exits are possible from all Liontamer funds. Quarterly exits are available for this fund, at the end of January, April, July and October.

Unprotected Units: Unitholders can request an early repayment for any reason based on the current value of the assets of the fund (which could be above or below $1.00) less a 2% exit fee.

Protected Units: The early repayment value of the Protected Units will mirror the value of the assets of the fund, capped at a maximum value of $1.00, less a 2% exit fee. If the value of the assets of the fund is less than $1.00 then you will receive that lesser amount less a 2% exit fee. By withdrawing early you will get back less than you invested. As capital protection only applies at maturity, choosing to leave the fund early can result in you receiving back less than your investment amount (due to the break costs of the underlying investments held by the fund) as well as paying the exit fee.

Exceptional circumstances
If the reason that you need to exit from the fund is ‘exceptional’, it may be possible to exit at a unit price which is higher than $1 per unit (at Liontamer’s discretion). Examples of exceptional circumstances would include death, serious illness or severe financial hardship. In these situations, we will need details of your circumstances in writing – your financial adviser or broker will assist you or your family with this process.

If you wish to exit a Liontamer fund, click here for more information: Exiting your Liontamer fund early.

Transfers to other investors
Protected Units
Protected Units are not transferable, except:

• from a Unitholder to a family trust of which the Unitholder is a settlor or from a family trust or a deceased estate to a beneficiary or a trustee for a beneficiary, provided that the parties agree that the price ascribed to the Protected Unit does not exceed $1.00; or
• where Protected Units are transferred to Liontamer in accordance with the Investment Statement.

Unprotected Units
Unprotected Units are transferable and are not subject to the transfer restrictions that apply to the Protected Units. Your Unprotected Units can be sold or transferred to another person prior to the Maturity Date. You will be required to complete an Off-Market Transfer Form.

Please contact your financial adviser or broker to arrange a transfer. If you don’t have an adviser or broker, contact Liontamer Investor Relations on 0800 210 451 or email us at info@liontamer.com

To transfer your units, click here for an off-market transfer form.
Off Market Transfer Form

This should be sent to our Registrar at the following address:

Link Market Services
PO Box 91976
Auckland 1142
New Zealand

Disclaimer

*Capital protection at maturity only applies to the Protected Units and means you will receive back 100% of the combined amount invested and early bird interest (earned during the offer period) less any entry fee charged (3%) and any exit fee. Capital protection only applies at maturity. Early withdrawals may result in investors receiving back significantly less than they put in, due to market movements, the exit fee and the fund’s establishment costs. There is a more detailed description of the capital protection in the Investment Statement and the limited circumstances when capital protection may not be available. A copy of the prospectus is available upon request from Liontamer Investor Relations on 0800 210 451.

Barclays Bank PLC does not guarantee repayment of the investment amount or any returns on the investment nor do they accept any liability to investors. However, as the Fund Asset Provider, Barclays Bank PLC is legally liable to pay to Liontamer as trustee of the fund, the investment amount plus any returns for the Protected Units and the formula of returns for the Unprotected Units.