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Macquarie funds
PDS Update
Dated 17 December 2014
Issuer: Macquarie Investment Management Limited
ABN 66 002 867 003
AFSL No. 237492
Investments in the Macquarie funds listed in the table below (Funds) are not deposits with, or other liabilities of, Macquarie
Bank Limited ABN 46 008 583 542 (Macquarie Bank) or any member of the Macquarie Group and are subject to investment
risk, including possible delays in repayment and loss of income and principal invested. Neither Macquarie Bank nor any
member of the Macquarie Group guarantees the performance of a Fund or the repayment of capital from a Fund or any
particular rate of return.
This Product Disclosure Statement Update, dated 17 December 2014 (PDS Update) updates information in the product disclosure
statement for each Fund (PDS) as listed in the table below. Each PDS and this PDS Update should be read together.
Effective from the date of this PDS update, the PDS for each Fund will be updated to reflect that completed Application Forms
may be sent by email.
The PDS and Information Booklet for each Fund will be amended as follows:

The second paragraph in the section 8 entitled ‘How to apply’ in the PDS for each Fund is replaced with the
following:
Direct investors should complete the Application Form that accompanies this PDS. You can send the completed Application
Form and required identification documentation to us by mail, facsimile or email. If you fax or email your identification
documentation, we may request the original to be mailed to us at our discretion. Your account may not be opened until your
original identification documentation has been received.

The section entitled ‘Incorrect addresses and facsimile numbers’ in Section 2 ‘How the Funds work’ of the
Information Booklet for the Funds is replaced with the following:
You are responsible for ensuring that you send any correspondence to the correct address, email or facsimile number. If
incorrect contact details are used, your request may be delayed or not processed.
We accept no responsibility for requests that have been sent to an incorrect address, email or facsimile number, including
addresses and facsimile numbers of other parts of the Macquarie Group that are not referred to in this Information Booklet.
Please contact Macquarie Investment Management Client Service if you would like to confirm the correct address, email or
facsimile number.
Fund name
ARSN
APIR code
PDS issue date
Macquarie Asia New Stars No.1 Fund
134 226 387
MAQ0640AU
30-Jun-14
Macquarie Australian Diversified Income Fund
094 593 790
MAQ0204AU
30-Jun-14
Macquarie Australian Equities Fund
102 261 405
MAQ0278AU
30-Jun-14
Macquarie Australian Fixed Interest Fund
090 079 155
MAQ0061AU
30-Jun-14
Macquarie Australian Small Companies Fund
119 853 566
MAQ0454AU
30-Jun-14
Macquarie Diversified Equity Yield Fund
163 764 092
MAQ0836AU
30-Jun-14
Macquarie Diversified Equity Yield Fund (Hedged)
601 233 881
N/A
Macquarie Diversified Fixed Interest Fund
101 815 141
MAQ0274AU
30-Jun-14
Macquarie Global Bond Fund
091 487 384
MAQ0050AU
30-Jun-14
2-Sep-14
Macquarie High Conviction Fund
117 134 746
MAQ0443AU
30-Jun-14
Macquarie Income Opportunities Fund
102 261 834
MAQ0277AU
30-Jun-14
Macquarie Index-Linked Property Securities Fund
113 844 410
MAQ0431AU
30-Jun-14
Macquarie Index Tracking Global Bond Fund
099 117 558
MAQ0266AU
30-Jun-14
Macquarie International Infrastructure Securities Fund (Hedged)
115 990 611
MAQ0432AU
30-Jun-14
Macquarie International Infrastructure Securities Fund (Unhedged)
164 557 331
MAQ0825AU
30-Jun-14
Macquarie Master Australian Enhanced Equities Fund
090 077 973
MAQ0057AU
30-Jun-14
Macquarie Master Balanced Fund
090 077 697
MAQ0058AU
30-Jun-14
Macquarie Master Capital Stable Fund
090 078 792
MAQ0059AU
30-Jun-14
Macquarie Master Cash Fund
092 595 867
MAQ0187AU
30-Jun-14
Macquarie Master Enhanced Fixed Interest Fund
085 130 838
MAQ0180AU
30-Jun-14
Macquarie Master Property Securities Fund
090 077 866
MAQ0063AU
30-Jun-14
Macquarie Term Cash Fund
090 079 575
MAQ0060AU
30-Jun-14
Macquarie True Index Australian Fixed Interest Fund
093 394 793
MAQ0211AU
30-Jun-14
Macquarie True Index Australian Shares Fund
103 324 821
MAQ0288AU
30-Jun-14
Macquarie True Index Cash Fund
118 888 547
MAQ0789AU
30-Jun-14
Macquarie True Index Emerging Markets Fund
164 557 386
MAQ0837AU
17-Jul-14
Macquarie True Index International Equities Fund
121 530 041
MAQ0633AU
30-Jun-14
Macquarie True Index-Linked Australian Shares Fund
119 514 448
MAQ0455AU
30-Jun-14
Macquarie Wholesale Property Securities Fund
090 078 470
MAQ0287AU
30-Jun-14
Analytic Global Managed Volatility Fund
140 358 774
MAQ0796AU
1-Jul-14
Arrowstreet Global Equity Fund
122 036 006
MAQ0464AU
1-Jul-14
Arrowstreet Global Equity Fund (Hedged)
090 078 943
MAQ0079AU
1-Jul-14
IFP Global Franchise Fund
111 759 712
MAQ0404AU
1-Jul-14
IFP Global Franchise Fund (Hedged)
138 878 092
MAQ0631AU
1-Jul-14
Polaris Global Equity Fund
169 928 232
MAQ0838AU
27-Oct-14
Walter Scott Emerging Markets Fund
140 355 719
MAQ0651AU
1-Jul-14
Walter Scott Global Equity Fund
112 828 136
MAQ0410AU
1-Jul-14
Walter Scott Global Equity Fund (Hedged)
129 574 447
MAQ0557AU
1-Jul-14
Macquarie Professional Series
Macquarie Diversified Fixed Interest Fund
Investment Management | 1 December 2014
Macquarie Diversified Fixed Interest Fund
Product Disclosure Statement
This Product Disclosure Statement (PDS) is a summary of significant information
about the Macquarie Diversified Fixed Interest Fund (Fund). It contains a number of
references to additional important information contained in a separate information
booklet (Information Booklet). This information forms part of the PDS and you
should read the Information Booklet together with this PDS before making a decision
to invest in the Fund. The information in this PDS and the Information Booklet may
change from time to time. Where information that changes is not materially adverse
to investors, we may update this information by updating the relevant document or by
publishing an update at macquarie.com.au/pds.
You can access a copy of the latest version of this PDS, the Information Booklet and
any updated information free of charge from our website or by contacting us.
The information provided in this PDS and the Information Booklet is general
information only and does not take account of your personal financial situation
or needs. You should obtain your own financial advice tailored to your personal
circumstances.
This offer is only open to persons receiving this PDS and the Information Booklet
within Australia and New Zealand or any other jurisdiction approved by us.
Contents
1. About Macquarie Investment Management Limited
2. How the Macquarie Diversified Fixed Interest Fund
works
3. Benefits of investing in the Macquarie Diversified
Fixed Interest Fund
4. Risks of managed investment schemes
5. How we invest your money
6. Fees and costs
7. How managed investment schemes are taxed
8. How to apply
9. Other information
Investments in the Fund are not deposits with, or liabilities of, Macquarie Bank
Limited ABN 46 008 583 542 or any member of the Macquarie Group and are subject
to investment risk, including possible delays in repayment and loss of income and
principal invested. Neither Macquarie Bank Limited nor any other member of the
Macquarie Group guarantees the performance of the Fund or the repayment of
capital from the Fund or any particular rate of return.
Unless stated otherwise, all references to ‘dollars’ or ‘$’ herein refer to Australian dollars.
Warning statement for New Zealand investors
a) The offer to New Zealand investors is a regulated offer made under Australian and New
Zealand law. In Australia, this is Chapter 8 of the Corporations Act 2001 and Regulations.
In New Zealand, this is Part 5 of the Securities Act 1978 and the Securities (Mutual
Recognition of Securities Offerings-Australia) Regulations 2008.
b) The offer and the content of the PDS and Information Booklet are principally governed by
Australian rather than New Zealand law. In the main, the Corporations Act 2001 and
Regulations (Australia) set out how the offer must be made.
c) There are differences in how securities are regulated under Australian law. For example,
the disclosure of fees for collective investment schemes is different under the Australian
regime.
d) The rights, remedies and compensation arrangements available to New Zealand investors
in Australian securities may differ from the rights, remedies and compensation
arrangements for New Zealand securities.
e) Both the Australian and New Zealand securities regulators have enforcement
responsibilities in relation to this offer. If you need to make a complaint about this offer,
please contact the Financial Markets Authority, Wellington, New Zealand. The Australian
and New Zealand regulators will work together to settle your complaint.
f) The taxation treatment of Australian securities is not the same as for New Zealand
securities.
g) If you are uncertain about whether this investment is appropriate for you, you should seek
the advice of an appropriately qualified financial adviser.
h) The offer may involve a currency exchange risk. The currency for the securities is not New
Zealand dollars. The value of the securities will go up or down according to changes in the
exchange rate between the currency for the securities and New Zealand dollars. These
changes may be significant.
i) If you expect the securities to pay any amounts in a currency that is not New Zealand
dollars, you may incur significant fees in having the funds credited to a bank account in
New Zealand in New Zealand dollars.*
j) The dispute resolution process described in the Information Booklet is only available in
Australia and is not available in New Zealand.
* Redemptions and distributions of income will only be paid in Australian dollars to
Australian bank accounts.
Contact details
Macquarie Investment Management Client Service
PO Box R1723
Royal Exchange
NSW 1225 Australia
Telephone
1800 814 523 or
61 2 8245 4900
8.30am to 6.00pm (Sydney time)
Monday to Friday
Facsimile
61 2 8232 4730
Email
[email protected]
Website
macquarie.com.au/mim
ARSN 101 815 141
APIR code MAQ0274AU
Macquarie Investment Management Limited
ABN 66 002 867 003 AFSL 237492
1
1
About Macquarie Investment Management Limited
Macquarie Investment Management Limited (Macquarie, we,
us, our) is the responsible entity of the Fund. We are responsible
for the investment decisions, management and administration
of the Fund. We may delegate some of these duties, including
investment management functions, to third parties. Some of the
Fund may be managed by entities forming part of the Macquarie
Group of companies including Macquarie Bank International
Limited and Delaware Investment Advisers.
Macquarie is a responsible entity for Macquarie Investment
Management’s business activities in Australia. Part of the
2
How the Macquarie Diversified Fixed Interest Fund works
The Fund is a unit trust registered under the Corporations
Act 2001 (Cth) (Corporations Act) as a managed investment
scheme. Each investor’s investment amount is pooled and
invested in the manner described in Section 5.
Investors acquire units in the Fund. A unit gives an investor a
beneficial interest in the Fund’s assets as a whole, but not an
entitlement to, or interest in, any particular asset of the Fund.
The terms of the units, including an investor’s rights and
obligations, are set out in this PDS, the Information Booklet
and the Fund’s constitution (which we can provide to you
on request). The constitution can be amended in certain
circumstances. We can amend the constitution without your
consent if we reasonably consider that the amendments will
not adversely affect investors’ rights. Otherwise, we must
obtain the approval of the required number of unitholders at a
meeting of unitholders (a resolution may bind you, regardless
of how or whether you vote).
A reference in this PDS to ‘Business Day’ means a day (other
than a Saturday, Sunday, public holiday or bank holiday) on
which banks are open for general banking business in Sydney.
Application Cut-off, investors will generally receive the
application price calculated as at the close of business on that
day. Unless we agree otherwise, if we receive an Application
Form (including the required identification documentation)
completed to our satisfaction, and cleared funds on a
Business Day but after the Application Cut-off, or on a
non-Business Day, we will treat the application as having
been received before the Application Cut-off on the next
Business Day.
You can add to your investment at any time by depositing
cleared funds using the account details provided to you at
the time of your initial investment (Investment Account).
Deposits into the Investment Account will be deemed to be
an application for additional units in the Fund. We will not be
responsible for any losses incurred by you as a result of the
incorrect payment of funds into the Investment Account or
into an incorrect bank account.
We may accept or reject an application (in whole or in part) at
our discretion (without giving reasons).
See Section 8 for more details on how to apply.
Redeeming your investment
Unit pricing
The value of a unit will generally be calculated each Business
Day, and will be based on the value of the Fund’s assets, less
liabilities, divided by the number of units on issue. The price
of units will vary as the market value of the Fund’s assets and
liabilities rises or falls.
Application and redemption prices take into account our
estimate of transaction costs (the buy/sell spread). The
application price and redemption price will differ to the value
of a unit as a result of the buy/sell spread. See Section 6 for
further details on the buy/sell spread.
How to invest and access your money
Making initial and additional investments in the Fund
Application cut-off time
(Application Cut-off)
Minimum
initial
investment
amount1
Minimum
additional
investment
amount1
2.00pm Sydney time on a
Business Day
$20,000
$10,000
1 We may accept a lesser amount at our discretion.
2
Macquarie Group, Macquarie Investment Management
offers securities investment management expertise across
a range of asset classes including fixed interest, listed
equities (domestic and international) and infrastructure
securities. It delivers a full-service offering to both
institutional and retail clients in Australia and the US, with
selective offerings in other regions. As at 31 March 2014,
Macquarie Investment Management had over $310 billion
of assets under management and a team of over 900 staff
across Australia, Asia, Europe and the US.
You can apply to make an initial investment in the Fund by
completing the application form accompanying this PDS
(Application Form). Where we receive an Application Form
(including the required identification documentation)
completed to our satisfaction, and cleared funds before the
Redemption cut-off time
(Redemption Cut-off)
Minimum
balance
amount1
12.00pm Sydney time on a Business Day
$10,000
1 We may accept a lesser amount at our discretion. If
acceptance of a redemption request will result in a
balance of less than the minimum balance amount, we
may either reject the redemption request or treat the
redemption request as relating to your entire holding.
You can generally request redemption of all or part of your
investment in the Fund by writing to us or by completing
a redemption request form available on our website at
macquarie.com.au/forms. Alternatively, you can provide a
signed request specifying the account name, the Fund name,
the amount or number of units to be withdrawn and bank details.
You can send your redemption request by facsimile or by mail.
Where we receive a redemption request, completed to our
satisfaction, before the Redemption Cut-off, investors will
generally receive the redemption price calculated as at the
close of business on that day. Unless we agree otherwise,
if we receive a redemption request, completed to our
satisfaction, on a Business Day but after the Redemption
Cut-off, or on a non-Business Day, we will treat the request
as having been received before the Redemption Cut-off on
the next Business Day. Before paying you the redemption
Macquarie Diversified Fixed Interest Fund
amount, we may deduct from that amount any money you
owe us in relation to your investment. Redemption proceeds
will generally be paid within five Business Days after we
accept the redemption request.
Potential delay of redemptions
In some circumstances, such as where there is a suspension
of redemptions, investors may not be able to redeem their
investment within the usual period.
The Fund’s constitution generally allows us 30 days following
receipt of a redemption request to pay redemption proceeds.
This may be extended in a number of circumstances including:
• if we have taken all reasonable steps to realise sufficient
assets to satisfy a redemption request and are unable to
do so due to one or more circumstances outside of our
control, such as restricted or suspended trading in the
market for an asset, and
• if, during the 30 days up to and including the date of
receipt of a redemption request, we have received
redemption requests for more than 10% of the units in
the Fund. If this occurs, we may satisfy the redemption
request in part but, if we do so, we must redeem the
same proportion of units for all other redemption requests
outstanding at that time.
Distributions
The Fund may receive distributions, interest and gains from the
underlying investments. We will generally seek to distribute any
net income on a quarterly basis and any net realised capital
gains at least once a year. Distributions will be calculated
based on the net income and net realised capital gains of the
3
You may elect, in the Application Form, to have your distributions
paid directly into a nominated Australian financial institution
account or to have your distributions reinvested as additional
units. If you do not make an election on the Application Form,
your distributions will be automatically reinvested.
Indirect investors
Macquarie consents to the use of this PDS and the Information
Booklet by investor directed portfolio service (IDPS) operators,
such as master trusts, wrap accounts or nominee services that
include the Fund on their investment menus. An investment in
the Fund through an IDPS operator does not entitle you to a
direct interest in the Fund and you may be subject to different
terms and conditions from those referred to in this PDS and
the Information Booklet. Please contact your financial adviser
or IDPS operator if you have any queries.
You should read the important information about how
the Fund works including additional information on
how to invest and access your money, unit pricing
methodology, potential delay of redemptions and indirect
investors before making a decision. Go to Section 2 of
the Information Booklet at macquarie.com.au/pds. The
material relating to how the Fund works may change
between the time when you read this statement and the
day when you acquire the product.
Benefits of investing in the Macquarie Diversified Fixed Interest Fund
Significant features
• Provides exposure to a diversified portfolio of fixed interest
and credit-based investments
• Actively identifies outperforming fixed interest and credit sectors
• Minimises currency volatility through hedging.
Significant benefits
• Potential for regular income with some capital growth
• Potential to deliver returns in different market conditions
using a defensive yet flexible strategy with a focus on
capital preservation
• Potential for higher returns than Australian fixed interest
securities with a similar level of risk
• Provides potential diversification against equity risk
4
Fund. Unit prices may fall after the end of each distribution
period as a result of the allocation of the distribution which
reduces the Fund’s assets.
• Provides exposure to sectors that are not available through
a traditional fixed interest fund
• Access to the investment management expertise of
Macquarie Investment Management and other leading fixed
interest managers around the world.
You should read the important information about
additional features and benefits of the Fund before
making a decision. Go to Section 3 of the Information
Booklet at macquarie.com.au/pds. The material
relating to additional features and benefits of the Fund
may change between the time when you read this
statement and the day when you acquire the product.
Risks of managed investment schemes
All investments carry risk. Different investments carry different
levels of risk, depending on the investment strategy and the
underlying investments. Generally, the higher the potential
return of an investment, the greater the risk (including the
potential for loss and unit price variability over the short term).
Financial markets can and have been volatile, and higher levels
of market volatility may result in greater risk for investors than
an investment in less volatile markets. When you make an
investment, you are accepting the risks of that investment. It is
important to understand these risks before deciding to invest.
The level of risk that you are willing to accept will depend on
a range of factors including your financial objectives, risk
tolerance, age, investment timeframe, where other parts of your
wealth are invested and whether your investment portfolio will be
appropriately diversified after making the investment. The value
of your investment and the returns from your investment will vary
over time. Future returns may differ from past returns. We do not
guarantee the performance or returns of the Fund and you may
lose some or all of the money that you have invested in the Fund.
The significant risks of the Fund are described below,
but there could be other risks that adversely affect the
Fund. You should seek your own professional advice on
the appropriateness of this investment for your particular
circumstances and financial objectives.
3
4
Investment risk: The Fund seeks to generate higher returns than
traditional cash investments. The risk of an investment in the
Fund is higher than an investment in a typical bank account or
term deposit. Amounts distributed to unitholders may fluctuate,
as may the Fund’s unit price. The unit price may vary by material
amounts, even over short periods of time, including during the
period between a redemption request being made and the time the
redemption unit price is calculated.
Manager risk: There is no guarantee that the Fund will achieve
its performance objectives, produce returns that are positive, or
compare favourably against its peers. The manager may change its
investment strategies and internal trading guidelines over time, and
there is no guarantee that such changes would produce favourable
outcomes.
Income securities risk: The Fund may have exposure to
a range of income securities, including high yield, emerging
markets, and structured securities. The value of these securities
may fall, for example due to market volatility, interest rate
movements, perceptions of credit quality, supply and demand
pressures, market sentiment, or issuer default. These risks may be
greater for securities offering higher returns, for example high yield
or emerging market securities. Income security risk may cause unit
price volatility and/or financial loss to the Fund.
Default risk: Issuers or entities upon which the Fund’s investments
depend may default on their obligations, for instance by failing to
make a payment due on a security or by failing to return principal.
Such parties can include the issuers of securities held by the Fund
(or those referenced in credit derivative transactions), and may
include sovereigns, supranational entities, governments and states,
as well as corporations. Counterparties to the Fund may default on
a contractual commitment to the Fund. Counterparties may include
over-the-counter derivatives counterparties, brokers (including
clearing brokers of exchange traded instruments), repurchase
agreement counterparties, foreign exchange counterparties, as
well as the Fund’s custodian. Default on the part of an issuer or
counterparty could result in a financial loss to the Fund.
Credit risk: The value of the Fund’s investments may be sensitive
to changes in market perceptions of credit quality, both of individual
issuers and of the credit markets in general. The Fund invests in
credit related securities and takes credit risk in order to achieve its
investment objectives. However, the value of such securities, and
therefore the Fund’s unit price, may be impacted by changes in the
market’s perception of credit quality.
Liquidity risk: Investments may be difficult or impossible to sell,
either due to factors specific to that security, or to prevailing market
conditions. Liquidity risk may mean that an asset is unable to be
sold or the Fund’s exposure is unable to be rebalanced within a
timely period and at a fair price, potentially resulting in delays in
redemption processing, or even the suspension of redemptions. If
we are required to process a large redemption or application, the
exposure of the Fund to particular investments, sectors or asset
classes may be altered significantly due to the security sales or
purchases required.
Structured security risk: The Fund may invest in structured
securities, such as Residential Mortgage Backed Securities
(RMBS), and Asset Backed Securities (ABS). Structured
securities are exposed to specific risks including increased
sensitivity to interest rate movements, credit spreads, and higher
liquidity risk. Their value is also dependent on the quality of the
underlying assets, and may be affected by factors such as the
creditworthiness of the underlying debtors, underlying asset values,
levels of default in the underlying loans, and prepayment rates.
Structured securities may experience losses more frequently than
an equivalently rated standard fixed income security, and losses
may also be greater.
Emerging market risk: The Fund may have exposure to emerging
markets. Emerging markets are generally considered riskier than
developed markets due to factors such as lower liquidity, the
potential for political unrest, the increased likelihood of sovereign
intervention (including default and currency intervention), currency
volatility, and increased legal risk. Emerging market investments
therefore may experience increased asset price volatility, and face
higher currency, default and liquidity risk.
Bank loans risk: Traded bank loans are a specialised asset class,
and may incur higher valuation and liquidity risks than standard
fixed income debt instruments, as well as being exposed to
market sentiment regarding the bank loan sector in general.
Additionally, the underlying borrowers may be of lower credit
quality, exposing the purchaser of the loan (the Fund, in this case)
to higher default risk. Traded bank loans may also be exposed to
increased operational risk due to their specialised administration
and settlement processes.
Credit ratings risk: The Fund invests in securities that may have
been assigned credit ratings by external ratings agencies. A rating
downgrade could reduce the value of a security. Credit ratings do
not guarantee the credit quality of a security, its underlying assets
or its repayments, and may be re-assessed by rating agencies in
a range of circumstances.
Currency risk: The Fund has exposure to investments
denominated in currencies other than Australian dollars. Currency
risk is the risk that fluctuations in exchange rates between the
Australian dollar and foreign currencies impact the value of the
Fund’s foreign investments. The Fund seeks to reduce this risk by
hedging its currency exposure. The currency hedging employed
by the investment manager may not completely remove the risk
of currency exposure causing an adverse impact on an investor’s
investment return. Hedging also reduces the opportunity to profit
from favourable currency movements. Furthermore, costs may
be incurred in implementing any hedging strategy. The Fund may
also take active foreign currency positions with the aim of profiting
from foreign exchange rate movements. Such positions may
increase the Fund’s currency risk, which may lead to increased
volatility of the Fund’s unit price, and may impact its overall
performance.
Interest rate risk: The value of the Fund’s investments will
generally be sensitive to changes in market interest rates.
The Fund may take active interest rate positions, either via
physical security selection or through derivatives. Movements in
market interest rates may impact the value of your investment in
the Fund.
Model risk: Where the manager uses a financial model as
part of the investment or risk management processes, there
is no guarantee that the model will perform as expected. The
model may not generate expected returns, nor provide the
assumed levels of risk management. Where a model is used for
forecasting or loss estimation purposes there is no guarantee that
these forecasts or estimations are accurate.
Valuation risk: The carrying value of the Fund’s investments used
to generate the Fund’s unit price may not reflect their liquidation
value. This may be due to a range of factors, including buy/
sell spreads, liquidity pressures, market sentiment at the time of
liquidation, and the volume of securities being liquidated. This may
mean that the Fund’s unit price does not reflect the value that will
be achieved when processing a redemption.
Derivatives risk: Derivatives may be used to hedge existing
exposures or to gain economic exposure. The use of derivatives
may expose the Fund to risks including counterparty default,
legal and documentation risk, and the risk of increased sensitivity
of the Fund’s unit price to underlying market variables. The use
of derivatives may have the effect of magnifying both gains and
losses.
External manager risk: We will not have direct input into the
investment decisions of external managers of funds in which
the Fund invests. An external manager may fail to achieve its
investment objectives, and that part of the portfolio which it
manages may experience loss. Remedial action may take longer
than if Macquarie was managing the investments directly.
Regulatory and legal risk: Governments or regulators may pass
laws, create policy, or implement regulation that affects the Fund
or the assets of the Fund. Such initiatives impact either a specific
transaction type or market, and may be either country specific
or global. Such changes may result in the Fund failing to achieve
its investment objectives. Similarly laws affecting registered
managed investment schemes (including taxation and corporate
and regulatory laws) may change in the future, affecting investors’
rights and investment returns.
Macquarie Diversified Fixed Interest Fund
5
How we invest your money
You should consider the likely investment return, the risks involved and your investment timeframe when deciding
whether to invest in the Fund.
Macquarie Diversified Fixed Interest Fund
Fund objective
The Fund aims to outperform the Bloomberg AusBond Composite 0+ Yr Index over the medium term
(before fees) while providing a level of risk similar to that of an Australian fixed interest fund. It aims
to provide a consistent level of income with some capital growth by using a diversified investment
strategy.
Description of the
Fund
The Fund provides exposure to an actively managed diversified portfolio of Australian fixed interest
securities. The Fund may also provide exposure to international fixed interest, such as global sovereign
bonds, as well as an exposure to global investment grade credit securities, global high yield credit
securities, emerging market debt and a range of other credit opportunities when they are expected to
outperform and reduce exposure to these sectors when they are expected to underperform.
Generally, exposure will be to fixed rate notes. The duration profile of the Fund is actively managed
through the use of derivatives such as swaps and futures. The investment process aims to reduce
the risk of the Fund being adversely affected by unexpected events or downgrades in the credit rating
of the Fund’s investments. A disciplined framework is used to analyse each sector and proposed
investment to assess its risk.
The Fund gains exposure to securities either directly or through funds managed by Macquarie and
external managers. This gives Australian investors access to leading fixed interest managers around
the world. We select and continually review managers using a rigorous process that draws upon the
resources and skills of all aspects of our investment management operations.
The Fund may be exposed to derivatives to implement its investment strategy. For example, protection
may be purchased on issuers that are believed to be over-valued or at risk of downgrade. These
positions increase in value when the underlying instrument falls in value and decrease in value when the
underlying instrument rises in value. The portfolio is generally hedged to Australian dollars. Small active
currency positions may be taken when Macquarie believes that there are opportunities to add value.
Asset allocation1
Asset class
Sovereign bonds*
Investment grade#
Global high yield
Emerging market debt
Credit opportunities ^
Indicative %
55
30
7.5
7.5
0
Range %
0 - 100
0 - 70
0 - 20
0 - 20
0 - 20
* Includes Australian government, Australian semi government, supranational, global sovereign and cash.
# Includes Australian and global investment grade credit.
^ For example: Australian RMBS, offshore ABS, bank loans and other credit related securities.
Benchmark
Bloomberg AusBond Composite 0+ Yr Index
Suggested minimum
investment timeframe
Three years
Inception date
30 September 2002
Risk level
Low
Low to Medium
Medium
Medium to High
High
This is our assessment of the potential for loss and unit price variability over the short term. Refer to
Section 4 for more information on the risks of an investment in the Fund.
Target investors
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.
Changes to the Fund
We may make changes to the Fund from time to time or terminate the Fund. We will provide such
notice as required by the Corporations Act or constitution of the Fund.
Fund performance
Performance history information can be obtained from our website at macquarie.com.au/performance
or by calling Client Service. Past performance is not a reliable indicator of future returns, which can
differ materially.
1 The above ranges are indicative only. If the Fund’s exposure moves outside these ranges, we will seek to rebalance the Fund
within a reasonable period of time.
You should read the important information about how we invest your money including ethical investments, switching
and calculating the performance of the Fund before making a decision. Go to Section 5 of the Information Booklet at
macquarie.com.au/pds. The material relating to how we invest your money may change between the time when you
read this statement and the day when you acquire the product.
5
6
Fees and costs
Did you know?
Small differences in both investment performance and fees and costs can have a substantial impact on your longterm returns. For example, total annual fees and costs of 2% of your account balance rather than 1% could reduce
your final return by up to 20% over a 30-year period (for example, reduce it from $100,000 to $80,000).
You should consider whether features such as superior investment performance or the provision of better member
services justify higher fees and costs. You may be able to negotiate to pay lower contribution fees and management
costs where applicable. Ask Macquarie Investment Management or your financial adviser.
To find out more
If you would like to find out more, or see the impact of the fees based on your own circumstances, the Australian Securities
and Investments Commission (ASIC) website (www.moneysmart.gov.au) has a managed investment fee calculator to help
you check out different fee options.
This table shows fees and other costs that you may be charged. These fees and costs may be deducted from your investment,
the returns on your investment or from the Fund’s assets as a whole. Information on how managed investment schemes are
taxed is set out in Section 7 of this PDS. You should read all of the information about fees and other costs, as it is important to
understand their impact on your investment.
Type of fee or cost
Amount
Fees when your money moves in or out of the
Fund1
Establishment fee
Nil
Contribution fee
Nil
Withdrawal fee
Nil
Exit fee
Nil
Management costs
The fees and costs for managing your investment
The management costs consist of:
Management fee – 0.614% pa of the net asset value of the Fund.
Performance fee – The Fund does not charge a performance fee
but may invest in underlying funds (including other funds managed by
Macquarie) that charge performance fees. It is not possible to reliably
estimate the amount of the fees.
1 You may also incur a buy/sell spread when your money moves in or out of the Fund. See ‘Buy/Sell spread’ under the section, ‘Additional explanation of fees and costs’ for further details.
All fees in the table above are shown inclusive of GST, net of Reduced Input Tax Credits. Additional fees and charges may apply.
See ‘Additional explanation of fees and costs’ below for further information.
The information in the table above can be used to compare costs between different simple managed investment schemes.
ASIC provides a calculator on its website www.moneysmart.gov.au. The calculator can be used to calculate the effect of fees and
costs on account balances.
Example of annual fees and costs of the Fund
This table gives an example of how the fees and costs in the Fund can affect your investment over a one-year period. You should
use this table to compare the Fund with other simple managed investment products.
The example assumes an account balance of $50,000 invested in the Fund with no variation in the value of your investment over
this period. In practice, the actual fees we charge are generally based on the value of your investment which may vary daily. This
example also assumes that the additional $5,000 contribution occurs at the end of the relevant period (that is, no management
fees are incurred in connection with the additional investment amount).
Balance of $50,000 with total contributions of $5,0001 during
the year
Example
Contribution fees2
For every additional $5,000 you put in, you will not be charged any
contribution fee.
PLUS Management costs comprising: 0.635% pa3
And for every $50,000 you have in the Fund, you will be charged
$318 each year, comprising:
Management fee – Fund
Fees and expenses – underlying funds4
$307
$11
EQUALS cost of Fund
6
Nil
0.614% pa
0.021% pa
If you had an investment of $50,000 at the beginning of the year
and you put in an additional $5,000 during that year, you would be
charged fees of $318.5
What it costs you will depend on the fees you may be able
to negotiate.
Macquarie Diversified Fixed Interest Fund
Notes to Example
1 We are required to use examples based on an additional
contribution of $5,000. However, the minimum additional
investment amount for the Fund is $10,000.
2 You may also incur a buy/sell spread when your money
moves in or out of the Fund. See ‘Buy/Sell spread’ under
the section, ‘Additional explanation of fees and costs’
below for further information.
3 Management costs are calculated using the ‘indirect cost
ratio’ for the Fund for the financial year ended 30 June 2013.
The ‘indirect cost ratio’ refers to the management costs that
were not paid directly out of your account (for example
management fees, performance fees and expenses) but were
paid from the Fund’s assets over the relevant financial year,
expressed as a percentage of the average net asset value of
the Fund. It is not a forecast of the amount of the total
management costs in the future. Past performance is not a
reliable indicator of future performance, and the amount of the
management costs may be higher or lower in the future.
4 The fees and expenses for underlying funds include
management fees, performance fees and expenses for the
financial year ended 30 June 2013 borne by the Fund, and
reflected in the Fund’s unit price, through its investment in
the underlying funds. These fees and expenses will vary
from time to time.
5 The calculation of the management costs in the example
assumes that the additional $5,000 invested in the Fund
occurs at the end of the relevant period and therefore no
management fees are payable on the additional investment.
Additional fees may apply, as well as the abnormal expense
recovery. It is not a forecast of the performance of the Fund
or the amount of the performance fee in the future. For
more information on the performance history of the Fund,
visit macquarie.com.au/performance or contact Client
Service. Past performance is not a reliable indicator of
future performance. Refer to ‘Additional explanation of fees
and costs’ below for more information.
Additional explanation of fees and costs
Management fee
The management fee generally accrues daily and is payable
quarterly. It is deducted from the Fund’s assets and is reflected
in the Fund’s unit price.
Performance fee
The Fund may invest in underlying funds (including other
Macquarie funds) that charge a performance fee. Such
performance fees will be borne by the Fund and reflected in
the Fund’s unit price. Performance fees for underlying funds
will generally not exceed 25% of the outperformance of the
underlying fund over its benchmark. It is not possible to
reliably estimate what the performance fee of an underlying
fund will be for the following reasons:
• the underlying funds and the amount invested in those
underlying funds may vary
• the methodology employed by each underlying fund or
manager in calculating the performance fee may differ, and
• we cannot accurately forecast what the performance of
the underlying fund will be in any given period or provide a
forecast of what the performance fee will be.
Please contact us for more information about the fees payable
on any underlying funds.
Expenses
The constitution of the Fund allows all properly incurred expenses
to be recovered directly from the Fund. When expenses are paid by
the Fund, they will be deducted from the Fund’s assets and reflected
in the Fund’s unit price. Expenses are generally paid when incurred.
Administrative expenses
We currently do not seek reimbursement from the Fund for
administrative expenses such as custody fees, registry costs,
compliance committee costs, audit, accounting and tax fees,
postage and printing costs. Such expenses will be paid by us out
of the management fee. We will provide prior notice to investors if
we seek to recover these expenses from the Fund in the future.
Abnormal expenses
Abnormal expenses such as the cost of unitholder meetings,
defending legal proceedings and the costs of terminating the
Fund will generally be paid by the Fund. Abnormal expenses
are not generally incurred during the day-to-day operation of the
Fund and may not be incurred in any year. Abnormal expenses
are in addition to administrative expenses.
Transaction costs
Transaction costs incurred in the acquisition or disposal of the
assets of the Fund such as brokerage, clearing costs, hedging
costs, transaction fees, taxes and stamp duty will generally be
paid for by the Fund. Where the acquisition or disposal of assets
relates to a subscription or redemption from the Fund, the Fund
may recover an estimate of these costs from the investor who is
applying for, or redeeming, units through the buy/sell spread.
Buy/Sell spread
When units are acquired, a buy spread is added to the
value of a unit. The buy spread is an amount which reflects
the estimated transaction costs associated with acquiring
the underlying investments. When units are redeemed, a sell
spread is subtracted from the value of a unit. The sell spread
is an amount which reflects the estimated transaction costs of
disposing of the underlying investments. The buy/sell spreads
are retained by the Fund and not paid to us.
A buy/sell spread seeks to ensure that the estimated
transaction costs of the acquisition or redemption are borne
by the investor who is applying for or redeeming the units, and
not by the existing investors in the Fund. The buy/sell spread
may apply even if no transaction to acquire or dispose of assets
is required (for example, where there is an application from one
investor and a corresponding redemption by another investor).
The buy/sell spread for the Fund, as at the date of this PDS,
is +0.08% for applications and -0.08% for redemptions, but
may be varied from time to time. In certain circumstances,
the buy/sell spread may increase significantly. Notice will
not usually be provided for variations to the buy/sell spread.
Current buy/sell spreads that may be applicable to an
application or redemption from the Fund are posted on our
website at macquarie.com.au/daily_spreads.
We may at our discretion reduce the buy/sell spread in certain
circumstances, for example where an investor subscribes
using assets (rather than cash) on an application or receives
assets (rather than cash) on a redemption.
Information about fee changes
We may increase certain fees and expenses without your
consent. We will provide at least 30 days notice to you of any
proposed increase in fees, charges or expenses (except any
changes to the buy/sell spread). We cannot charge more than
the constitution of the Fund allows, unless we obtain investors’
approval to do so. Under the constitution, the maximum fees
(exclusive of the net effect of GST) are:
• a maximum contribution fee of 5% of the investment amount
• a maximum redemption fee of 5% of the redemption amount
• a maximum management fee of 5% pa of the value of the
assets of the Fund, and
• a maximum switching fee of 5% of the value of the
investment switched.
Additional fees may be paid by you to your financial
adviser. You should refer to the statement of advice
provided by your adviser for details of those fees.
You should read the important information about
fees and costs including additional services and
charges before making a decision. Go to Section 6 of
the Information Booklet at macquarie.com.au/pds.
The material relating to fees and costs may change
between the time when you read this statement
and the day when you acquire the product.
7
7
How managed investment schemes are taxed
Investing in a registered managed investment scheme
is likely to have tax consequences. The information
contained in the following summary is intended to be of
a general nature only. It does not constitute tax advice
and should not be relied on as such. You are strongly
advised to seek independent professional advice on the
tax consequences of an investment in the Fund, based
on your particular circumstances, before making an
investment decision.
As investors in the Fund will be presently entitled to the entire
amount of the income of the Fund (including any capital gains)
for each relevant financial year, the Fund should not be liable
to Australian income tax under present income tax legislation.
Investors in the Fund will be assessed for tax on their share of
the net income of the Fund (including any capital gains) for a
financial year.
8
You should read the important information about the
additional taxation matters relating to managed
investment schemes before making a decision.
Go to Section 7 of the Information Booklet at
macquarie.com.au/pds. The material relating to
the additional taxation matters relating to managed
investment schemes may change between the time
when you read this statement and the day when you
acquire the product.
How to apply
You should read this PDS, together with the information
contained in the Information Booklet, available at
macquarie.com.au/pds.
Enquiries and complaints
Direct investors should complete the Application Form that
accompanies this PDS. You can send the completed
Application Form and required identification documentation
to us by mail, facsimile or email. If you fax or email your
identification documentation, we may request the original to
be mailed to us at our discretion. Your account may not be
opened until your original identification documentation has
been received.
Written complaints can be sent to us at:
Cooling-off period
Our procedures ensure that we consider and provide a
response to complaints within 45 days of receipt.
If you are a ‘retail client’ under the Corporations Act, you can
terminate your investment in the Fund during the period of
14 days starting on the earlier of the time when you receive
confirmation of issue of units in the Fund to you or the end of
the fifth Business Day after the units are issued to you. Your
refund will be processed as a redemption and the redemption
value will be reduced or increased for market movements
since your investment. We will also deduct any tax or
duty that is paid or payable by the Fund, any reasonable
administration or transactions costs incurred as well as the
sell spread. As a result, the amount returned to you may be
less than your original investment. To exercise your coolingoff rights, please write to Client Service.
9
MIMN027 11/14
Capital gains or income arising from securities sold to meet a
significant redemption can be distributed to the redeeming
investor. A significant redemption is one where an investor’s
redemptions for the financial year are 5% or more of the
Fund’s net asset value. In these circumstances, the objective
would be for remaining investors not to be affected by the
capital gains resulting from a disposal of the assets where
both the Fund and the redeeming investors make a capital
gain in the relevant financial year. The 5% threshold may be
varied by us with advance notice to investors
You may contact your financial adviser or Client Service if you
have any enquiries or complaints.
The Complaints Officer
Macquarie Investment Management Limited
PO Box R1723
Royal Exchange NSW 1225 Australia
You should read the important information about
dispute resolution before making a decision.
Go to Section 8 of the Information Booklet at
macquarie.com.au/pds. The material relating to
dispute resolution may change between the time
when you read this statement and the day when you
acquire the product.
Other information
You should read the important information about our legal relationship with you before making a decision. Go to
Section 9 of the Information Booklet at macquarie.com.au/pds. The material relating to our legal relationship with you
may change between the time when you read this statement and the day when you acquire the product.
1 of 16
Macquarie Investment Management – 18 March 2015
Macquarie Investment Management
Application Form
Dated 18 March 2015
This is the Application Form for each fund listed on pages 11
and 12 (Fund).
Application Form – Checklist
This Application Form should accompany the Product Disclosure
Statement and Information booklet for each Fund (collectively, a
PDS). Each PDS contains important information about investing
in that Fund. You should read the relevant PDS before making a
decision to invest in a Fund.
Accounts can only be opened by the following types
of investors:
Information in a PDS may change from time to time. Where
information that changes is not materially adverse to investors,
we may update this information by updating the relevant
document or by publishing an update at
macquarie.com.au/pds.
You can access a copy of the latest version of the PDS, any
updated information and the Application Form free of charge
from our website or by contacting us.
The information provided in the PDS is general information only
and does not take account of your personal financial situation or
needs. You should obtain your own financial advice tailored to
your personal circumstances.
If you are an existing investor in a Fund and would like to make an
additional investment in this Fund, please see the PDS for details
on how to make an additional investment.
• Individuals over 18 years of age
• Trustees of other entities
•Partnerships
• Companies or incorporated bodies
• Associations/cooperatives, or
• Government entities.
Macquarie is subject to the Anti-Money Laundering and CounterTerrorism Financing Act 2006 (Cth) (AML/CTF Laws). To
comply with AML/CTF Laws, we must collect certain information
about each investor as set out below. If you are not one of the
types of investors listed below or do not have the identification
documentation referred to, please refer to the ‘How to’ section
on our website or contact Client Service for other acceptable
identification documentation.
Macquarie may disclose your personal information in connection
with AML/CTF Laws. In certain circumstances, Macquarie may
be obliged to freeze or block an account where it is used in
connection with illegal activities or suspected illegal activities.
Freezing or blocking can arise as a result of Macquarie’s account
monitoring obligations under the AML/CTF Laws. If this occurs,
Macquarie is not liable to you for any consequences or losses
whatsoever and you agree to indemnify Macquarie if it is found
liable to a third party in connection with the freezing or blocking
of your account.
Documents in a language other than English must be
accompanied by an English translation prepared by an
accredited translator.
Contact details
Macquarie Investment Management Client Service
Mail
Facsimile
PO Box R1723
Royal Exchange
NSW 1225 Australia
61 2 8232 4730
Telephone
1800 814 523 or
61 2 8245 4900
8.30am to 6.00pm (Sydney time)
Monday to Friday
Email
[email protected]
Website
macquarie.com.au/mim
Issuer
Macquarie Investment Management Limited (Macquarie)
ABN 66 002 867 003 AFSL 237492
Macquarie Investment Management – 18 March 2015
2 of 16
Checklist
Type of investor: individual/Joint/Sole trader
Who needs to sign
the Application Form?
Documentation
required
• Individual or joint applications are to be signed by the individual(s) in whose name(s) the account is opened.
• Joint applicants will be deemed joint tenants and both are to sign the Application Form.
• For Sole traders, the individual is to sign.
Completed Application Form - Sections A to H; Sections B and C, as relevant; and Section I, if applicable.
For each applicant in whose name(s) the account is opened, one of the following:
• Original certified copy of Australian Drivers Licence
• Original certified copy of Australian Passport
• Original certified copy of a card issued under a State or Territory law for the purpose of proving a
person’s age which contains a photograph of the person in whose name the document is issued
• Original certified copy of foreign passport or similar document issued for the purpose of
international travel that contains a photograph and the signature of the person in whose name
the document is issued, or
• FSC/FPA Form completed by your financial adviser.
If you are appointing an attorney, the power of attorney and the ‘Appointment of Agents’ form available
on the ‘How to’ section on our website.
Type of investor: Company – Domestic/Foreign
Who needs to sign
the Application Form?
Documentation
required
• Australian and foreign company applications are to be signed by two directors, or a director and the
company secretary, on behalf of the company by authority of the board of directors.
• If the company has a sole director, attach evidence of sole directorship.
Completed Application Form - Sections A to H; Sections B and C, as relevant; and Section I, if applicable.
For Australian companies, FSC/FPA Form completed by your financial adviser
(where applicable).
For foreign companies, original certified copy of registration document (or equivalent).
Original certified copy of the constitution (unless the company’s constitution specifies otherwise,
attach an original certified copy of the constitution).
Evidence of sole directorship (where applicable).
Type of investor: Trust (including managed investment scheme)
Who needs to sign
the Application Form?
Documentation
required
• Two trustees, or otherwise in accordance with the trust deed.
• If a corporate trustee, refer to the above section ‘Type of investor: Company – Domestic/Foreign’.
Completed Application Form - Sections A to H; Sections B and C, as relevant; and Section I, if applicable.
FSC/FPA Form completed by your financial adviser (where applicable).
In addition, for a trust described in item 5 in Section B5:
To verify the full name of the trust, one of the following:
• Original certified copy of the trust deed or if not reasonably available, a certified extract of the
trust deed
• A notice (such as a notice of assessment) issued by the Australian Taxation Office within the last
12 months, or
• A letter from a solicitor or qualified accountant verifying the name of the trust.
Full identification details for one of the Trustees (refer to documentation requirements for ‘Individual/
Joint/Sole trader’, ‘Company – Domestic/Foreign’ as applicable).
Where an applicant sends its trust deed to us, we will only use that trust deed for AML purposes
and we will not otherwise review the trust deed.
Your account may not be opened until your original identification documentation has been received.
Once your initial application has been accepted by Macquarie, you will be provided with confirmation of your Investment Account.
Please refer to the relevant PDS for further details.
Macquarie Investment Management – 18 March 2015
3 of 16
General information
Certification of documents
An ‘original certified copy’ is a document that has been certified as a true copy of the original document by an eligible certifier.
The certifier must state their full name and qualification or occupation that makes them eligible to certify the document. The
list below details the prescribed persons who are authorised to certify copies of identification documentation. For alternative
sources of certified identification, please refer to the ‘How to’ section on our website or contact Client Service.
• An officer with, or authorised representative of, a holder of an Australian financial services licence, having two or more
continuous years of service with one or more licensees.
• A finance company officer with two or more continuous years of service with one or more finance companies (for the purposes
of the Statutory Declaration Regulations 1993 (Cth)).
• An officer with two or more continuous years of service with one or more financial institutions (for the purposes of the Statutory
Declaration Regulations 1993 (Cth)).
• A permanent employee of the Australian Postal Corporation with two or more years of continuous service who is employed in
an office supplying postal services to the public.
• An agent of the Australian Postal Corporation who is in charge of an office supplying postal services to the public.
• A Justice of the Peace.
• A person who is enrolled on the roll of the Supreme Court of a State or Territory, or the High Court of Australia, as a legal
practitioner (however described).
• A judge of a court.
• A magistrate.
• A chief executive officer of a Commonwealth court.
• A registrar or deputy registrar of a court.
• An Australian police officer.
• An Australian consular officer or an Australian diplomatic officer (within the meaning of the Consular Fees Act 1955 (Cth)).
• A member of the Institute of Chartered Accountants in Australia, CPA Australia or the National Institute of Accountants with
two or more years of continuous membership.
• A notary public (for the purposes of the Statutory Declaration Regulations 1993 (Cth)).
Paying your investment amount
The initial investment amount can be made by:
• bank transfer
• Real Time Gross Settlement (RTGS)
• Exigo, and
• cheque.
Make cheque payable to ‘MIML – [Fund name] A/C <Full investor name>’.
For example ‘MIML – ABC Fund A/C John Smith ATF Smith Super Fund’.
If paying by bank cheque, please ensure the investor is the cheque payee or that proof of purchase is attached.
4 of 16
Macquarie Investment Management – 18 March 2015
A
Existing investors
Are you an existing client with Macquarie Investment Management?
Yes
No
If yes, provide your 5-digit investor number:
B
Investor details
B1 – Investor 1 (Individual or sole trader)
Mr
Mrs
Miss
Ms
Dr
Other
Full given name(s):
Surname:
Date of birth:
Gender:
Male
Female
Occupation:
Is Investor 1 a foreign resident for tax purposes?
Yes
No
If yes, specify country of residence
Tax File Number (TFN):
Or reason for exemption:
It is not compulsory for you to provide your TFN, and it is not an offence if you decline to provide it. However, unless
exempted, if your TFN is not provided, tax will be deducted from any income at the highest marginal rate plus the Medicare
levy and any other applicable levies or taxes.
Residential address (cannot be a post office box)
Street name and number:
Suburb:
State:
Postcode:
Country:
Mailing address (if different from above):
Suburb:
State:
Postcode:
Country:
B2 – Investor 2 (Joint accounts)
Mr
Mrs
Miss
Ms
Dr
Other
Full given name(s):
Surname:
Date of birth:
Gender:
Male
Female
Occupation:
Is Investor 2 a foreign resident for tax purposes?
Yes
No
If yes, specify country of residence
Tax File Number (TFN):
Or reason for exemption:
It is not compulsory for you to provide your TFN, and it is not an offence if you decline to provide it. However, unless
exempted, if your TFN is not provided, tax will be deducted from any income at the highest marginal rate plus the Medicare
levy and any other applicable levies or taxes.
5 of 16
Macquarie Investment Management – 18 March 2015
Investor details (continued)
Residential address (cannot be a post office box)
The same as B1?
Yes
No
Street name and number:
Suburb:
State:
Postcode:
Country:
Mailing address (if different from above)
The same as B1?
Yes
No
Address:
Suburb:
State:
Postcode:
Country:
B3 – Sole trader – additional information
Registered business name (if any):
ABN (if any):
Principal place of business (if any, cannot be a post office box)
Address:
Suburb:
State:
Postcode:
Country:
B4 – Company – Domestic/Foreign
Full registered name:
Does the organisation have an ABN/ARBN?
Yes
No
ACN:
Reason for exemption:
ABN (if any):
Is the organisation a foreign resident for tax purposes?
Yes
No
If yes, specify country of residence
Registered office address in Australia (cannot be a post office box)
Address:
Suburb:
State:
Postcode:
Country:
Principal place of business in Australia (if different from above and cannot be a post office box)
Address:
Suburb:
State:
Postcode:
Country:
Business activity:
Cross [X] to indicate company type:
Proprietary – please fill out the relevant sections below
Listed – go to B4.1
Public
Majority-owned subsidiary of a listed public company – go to B4.2
Licensed and subject to the regulatory oversight of a Commonwealth, State or Territory statutory regulator in relation to its activities as a
company – go to B4.3
Foreign company registered with ASIC – go to B4.4
Foreign company NOT registered with ASIC – go to B4.4
6 of 16
Macquarie Investment Management – 18 March 2015
Investor details (continued)
B4.1 If listed public company
Name of exchange:
B4.2 If majority-owned subsidiary of a listed public company
Name of parent:
Exchange of parent listing:
ACN:
ABN (if any):
B4.3 If licensed (for example AFSL number, APRA licence)
Name of regulator:
Regulatory details:
B4.4 If foreign company
ARBN (if any):
Country of formation/incorporation/registration:
Registered address in country of formation
Address:
Suburb:
State:
Postcode:
Country:
If registered by foreign registration body
Name of foreign registration body:
Registration number:
If not registered by foreign registration body
Full address of principal place of business in country of formation:
Suburb:
State:
Postcode:
Country:
B4.5 Management and ownership details
Provide the full name and residential address of ALL directors and details of beneficial owners. Attach additional pages if necessary.
Directors
Mr
Mrs
Miss
Ms
Dr
Other
Full given name(s):
Surname:
Residential address (cannot be a post office box)
Street name and number:
Suburb:
State:
Postcode:
Country:
7 of 16
Macquarie Investment Management – 18 March 2015
Investor details (continued)
Mr
Mrs
Miss
Ms
Dr
Other
Full given name(s):
Surname:
Residential address (cannot be a post office box)
Street name and number:
Suburb:
State:
Postcode:
Country:
Beneficial owners
Provide for corporate investors and corporate trustees.
To be completed for each natural person who is beneficially entitled to 25 per cent or more of issued capital in the company.
Mr
Mrs
Miss
Ms
Dr
Other
Full given name(s):
Surname:
Residential address (cannot be a post office box)
Street name and number:
Suburb:
State:
Mr
Postcode:
Mrs
Miss
Ms
Country:
Dr
Other
Full given name(s):
Surname:
Residential address (cannot be a post office box)
Street name and number:
Suburb:
State:
Postcode:
Country:
B5 – Trust
Full name of trust:
Type of trust (for example managed investment scheme, family trust, self-managed superannuation fund):
Country in which the trust was established:
Business activity:
Does the trust have an ABN/ARBN?
Yes
Is the trust a foreign resident for tax purposes?
No
Yes
Reason for exemption:
No
If yes, specify country of residence
8 of 16
Macquarie Investment Management – 18 March 2015
Investor details (continued)
Cross [X] to select one of the following:
1.
Managed investment scheme registered with ASIC.
2.
Managed investment scheme which is not registered with ASIC and only has wholesale clients and does not make small scale
3.
Trust is registered and subject to domestic regulatory oversight in its activities as a trust.
Name of regulator:
ABN or registration/licensing details of the trust:
4.
Trust is a government superannuation fund established by legislation.
ARSN:
offerings to which section 1012E of the Corporations Act 2001 applies.
Name of legislation:
5.
Other – If individual and/or corporate trustee(s), please fill out the below sections. Attach additional pages if necessary.
B5.1 Individual trustees
Individual trustee 1
Mr
Mrs
Miss
Ms
Dr
Other
Full given name(s):
Surname:
Residential address (cannot be a post office box)
Street name and number:
Suburb:
State:
Postcode:
Country:
Individual trustee 2
Mr
Mrs
Miss
Ms
Dr
Other
Full given name(s):
Surname:
Residential address (cannot be a post office box)
Street name and number:
Suburb:
State:
Postcode:
Country:
B5.2 Corporate trustee
Full name of corporate trustee(s):
Full business name of the trustee or trading name (if any):
One trustee must also complete Section B – Individual/Joint/Sole trader or Company and provide the requested supporting identification
documentation.
B5.3 Trust beneficiary details
Attach additional pages if necessary.
Mr
Mrs
Full given name(s):
Surname:
Miss
Ms
Dr
Other
9 of 16
Macquarie Investment Management – 18 March 2015
Investor details (continued)
Residential address (cannot be a post office box)
Street name and number:
Suburb:
State:
Mr
Postcode:
Mrs
Miss
Ms
Country:
Dr
Other
Full given name(s):
Surname:
Residential address (cannot be a post office box)
Street name and number:
Suburb:
State:
Postcode:
Country:
Or if beneficiaries of the trust are referenced by membership of a class, please provide the details of the class(es):
C
Foreign Account Tax Compliance Act (FATCA)
C1 – Individual
Are you a US citizen or resident for tax purposes?
Yes
If yes, provide your US Taxpayer Identification Number (TIN):
No
Go to Section D
C2 – Entities
Cross [X] to select one of the following:
Regulated super fund (self managed superannuation fund, APRA regulated super fund, government super fund or pooled
superannuation trust)
US trust, company or partnership
US Taxpayer Identification Number (TIN):
Is the trust, company or partnership exempt for US tax purposes?
Yes
No
Once complete, go to Section D
Financial institution or trust with a trustee that is a financial institution
Global Intermediary Identification Number (GIIN), if applicable:
If no GIIN is available, provide FATCA status
Once complete, go to Section D
Non-financial public company (public companies that are not financial institutions) – go to Section D
Non financial propriety company – go to C2.1
Partnership – go to C2.1
Trust (including testamentary trust) – go to C2.1
Charity – go to C2.1
Registered co-operation – go to Section D
Association – go to Section D
Government entity – go to Section D
10 of 16
Macquarie Investment Management – 18 March 2015
Foreign Account Tax Compliance Act (FATCA) (continued)
C2.1
Are any of the partners, trust beneficiaries, trustees, beneficial owners of corporate trustees, settlors or beneficial owners US
citizens or residents of the US for tax purposes? Yes
– Go to C2.2
No
– Go to Section D
C2.2
Complete for each partner, beneficiary, trustee, beneficial owner of corporate trustees, settlor or beneficial owner.
If required, provide additional details on a separate sheet.
US Person
US Person
US Person
Full given name(s)
Full given name(s)
Full given name(s)
Surname
Surname
Surname
US TIN
US TIN
US TIN
Residential address
Residential address
Residential address
(PO Box is NOT acceptable)
(PO Box is NOT acceptable)
(PO Box is NOT acceptable)
Suburb
State
Postcode
D
Suburb
Country
State
Postcode
Country
Suburb
Postcode
Details of contact persons
D1 – Contact person 1
Mr
Mrs
Miss
Ms
Dr
Other
Full given name(s):
Surname:
Phone number (home):
Mobile number:
Phone number (work):
Email address:
Mailing address
The same as B1
The same as B2
Address:
Suburb:
State:
Postcode:
Country:
State
Country
11 of 16
Macquarie Investment Management – 18 March 2015
Details of contact persons (continued)
D2 – Contact person 2
Mr
Mrs
Miss
Ms
Dr
Other
Full given name(s):
Surname:
Phone number (home):
Mobile number:
Phone number (work):
Email address:
Mailing address
The same as B1
The same as B2
Address:
Suburb:
State:
Postcode:
Country:
If you provide your email address, you agree that we may provide you with information including statements, transaction
confirmations, reports and other material by email. From time to time we may still send you correspondence in the post.
Contact Client Service if you wish to change your communication preferences.
Annual financial reports
The latest annual financial report of the Fund will be available at macquarie.com.au/financial_statements.
If you would like to receive an electronic copy of the annual report for each financial year, cross [X] the box
If you would like to receive a hard copy of the annual report for each financial year in the post, cross [X] the box
Macquarie Online
Do you have an access code for any Macquarie Online?
Yes
No
If yes, please provide your access code:
If you would like an access code to the Macquarie Online service, complete the Online Registration form located at macquarie.com.au/forms
and return to Client Service. The full terms and conditions are available on the website.
D3 – Adviser/Consultant/Administrator/Agent
Full given name(s):
Surname:
Mailing address
Address:
Suburb:
State:
Postcode:
Country:
Phone number:
Other contact number:
Email address:
Relationship to investor:
If you provide your email address, you agree that we may provide you with information including statements, transaction
confirmations, reports and other material by email. From time to time we may still send you correspondence in the post.
Contact Client Service if you wish to change your communication preferences.
Preferred method of communication
x
Investor only
Investor and adviser
Adviser only
12 of 16
Macquarie Investment Management – 18 March 2015
E
Fund and investment details
Distribution options**
(select one
option only)
Fund name
Minimum
initial
investment
Fund
code
Investment amount
(must be at least
the ‘Minimum initial
investment’)
Reinvest
Deposit into
nominated
financial
institution
APIR code
PDS date
Macquarie Asia New Stars No.1 Fund
MAQ0640AU
30/06/2014
$20,000
ANA
$
Macquarie Australian Equities Fund
MAQ0278AU
30/06/2014
$20,000
XAP
$
MAQ0454AU
30/06/2014
$20,000
ASM
$
MAQ0836AU
09/03/2015
$250,000
DEF
$
N/A
09/03/2015
$250,000
DEH
$
MAQ0829AU
04/12/2014
$100,000
HGI
$
MAQ0830AU
04/12/2014
$100,000
HGP
$
MAQ0443AU
30/06/2014
$20,000
MAQ0431AU
30/06/2014
$100,000
ILP
$
MAQ0432AU
30/06/2014
$20,000
ISF*
$
MAQ0825AU
30/06/2014
$20,000
ISU*
$
MAQ0057AU
30/06/2014
$100,000 XAE
$
MAQ0063AU
30/06/2014
$20,000
XPS
$
MAQ0288AU
30/06/2014
$500,000
TAS
$
MAQ0837AU
17/07/2014
$500,000
TEM
$
✔
N/A
N/A
18/03/2015
$500,000
TEV
$
✔
N/A
MAQ0831AU
04/12/2014
$100,000
TGI
$
MAQ0832AU
04/12/2014
$100,000
TGP
$
MAQ0633AU
30/06/2014
$500,000
TIE*
$
MAQ0219AU
30/06/2014
$500,000
TLP
$
MAQ0455AU
30/06/2014
$100,000
TLA
$
MAQ0204AU
30/06/2014
$100,000
DTF
$
MAQ0061AU
30/06/2014
$100,000
XFI
$
MAQ0274AU
01/12/2014
$20,000
XD1*
$
MAQ0050AU
30/06/2014
$100,000
GBF
$
30/06/2014
$20,000
30/06/2014
$500,000
Equities
Macquarie Australian Small
Companies Fund
Macquarie Diversified Equity Yield
Fund
Macquarie Diversified Equity Yield
Fund (Hedged)
Macquarie Hedged Index Global
Infrastructure Securities Fund
Macquarie Hedged Index Global Real
Estate Securities Fund
Macquarie High Conviction Fund*
Macquarie Index-Linked Property
Securities Fund
Macquarie International Infrastructure
Securities Fund (Hedged)*
Macquarie International Infrastructure
Securities Fund (Unhedged)*
Macquarie Master Australian
Enhanced Equities Fund
Macquarie Master Property Securities
Fund
Macquarie True Index Australian
Shares Fund
Macquarie True Index Emerging
Markets Fund
Macquarie True Index Emerging
Markets Value Weighted Fund
Macquarie True Index Global
Infrastructure Securities Fund
Macquarie True Index Global Real
Estate Securities Fund
Macquarie True Index International
Equities Fund*
Macquarie True Index Listed Property
Fund
Macquarie True Index-Linked
Australian Shares Fund
HCF* $
Fixed interest and cash
Macquarie Australian Diversified
Income Fund
Macquarie Australian Fixed Interest
Fund
Macquarie Diversified Fixed Interest
Fund*
Macquarie Global Bond Fund
Macquarie Income Opportunities
MAQ0277AU
Fund*
Macquarie Index Tracking Global Bond
MAQ0266AU
Fund
XDT* $
TGB
$
13 of 16
Macquarie Investment Management – 18 March 2015
Fund and investment details (continued)
Distribution options**
(select one
option only)
Minimum
initial
investment
Fund
code
Investment amount
(must be at least
the ‘Minimum initial
investment’)
Fund name
APIR code
PDS date
Macquarie Master Balanced Fund
MAQ0058AU
30/06/2014
$100,000
XBA
$
Macquarie Master Capital Stable Fund
MAQ0059AU
30/06/2014
$100,000
XCS
$
Macquarie Master Cash Fund
MAQ0187AU
30/06/2014
$100,000
XCF
$
Macquarie Master Enhanced Fixed
Interest Fund
MAQ0180AU
30/06/2014
$100,000
XEF
$
Macquarie Term Cash Fund
MAQ0060AU
30/06/2014
$100,000
XEC
$
Macquarie True Index Australian Fixed
Interest Fund
MAQ0211AU
30/06/2014
$100,000
TFI
$
Macquarie True Index Cash Fund
MAQ0789AU
30/06/2014
$500,000
TIC
$
Reinvest
Deposit into
nominated
financial
institution
* Funds which are also offered for investment in New Zealand.
** Nominate one distribution option per Fund if applicable. If no nomination is made, distributions will be automatically re-invested.
What is the purpose of investment? (select all applicable options)
Savings
Growth
Income
Retirement
Business account
Other (specify): Detail the source of your investment amount (select all applicable options)
Savings
Growth
Income
Retirement
Business account
Other (specify): F
Distribution and redemption proceeds details
Distribution and redemption proceeds can only be paid into an account with an Australian financial institution. This account must be
in the investor’s name. Payment to a third party is not permitted.
F1 – Distribution of income
If you have nominated to have your distribution deposited into your nominated financial institution in Section E, complete account details below.
Name of financial institution:
Branch name:
Account name:
Branch number (BSB):
Account number:
F2 – Payment of redemption proceeds
Same as distribution of income account details
Name of financial institution:
Branch name:
Account name:
Branch number (BSB):
Account number:
Macquarie Investment Management – 18 March 2015
G
14 of 16
Account operating instructions
Indicate account signing authority for future transactions. If no option is nominated, all future written instructions must be
executed by the individual(s) who have signed the Application Form.
Joint investors
Either to sign
Both to sign
Company (Domestic/Foreign)
Sole director to sign
The two directors that have executed this Application Form to sign
The director and company secretary that have executed this Application Form to sign
Other – please provide details:
Trust
If individual trustee(s)
Either trustee that has executed this Application Form to sign
Both trustees that have executed this Application Form to sign
Other – please provide details:
If Corporate trustee(s)
Refer to requirements for Company (Domestic/Foreign) listed above.
H
Client acknowledgement
For each investment in a Fund:
i. I/We have received, read and understood the PDS for the Fund (as may be updated from time to time) to which my/our application
relates and agree to be bound by the terms of the PDS.
ii. I/We agree to be bound by the constitution of the Fund (as amended from time to time).
iii. If I/we have received the PDS from the internet or other electronic means, I/we declare that it was received either personally or a
printout was accompanied by the application form before making an application for units in the Fund.
iv. I/We will not knowingly do anything to put Macquarie in breach of the Anti-Money Laundering and Counter-Terrorism Financing Act
2006 and related rules (AML/CTF Laws). I/We will notify Macquarie if I/we are aware of anything that may put Macquarie in breach of
AML/CTF Laws.
v. If requested, I/we will provide additional information and assistance, and comply with all reasonable requests to facilitate Macquarie’s
compliance with AML/CTF Laws in Australia or an equivalent overseas jurisdiction.
vi. I/We undertake that I/we are not aware and have no reason to suspect that:
• the money used to fund the investment is derived from or related to:
• money laundering, terrorism financing or similar activities
• illegal activities, and
• proceeds of investment made in connection with the Fund will fund illegal activities.
vii. I/We confirm that I/we have provided all information required and that the information is accurate, complete and up to date.
viii. I/We confirm that, if I/we have applied through a financial adviser who has completed the FSC/FPA Identification Form, I/we have
provided all information required in that form and that information is accurate, complete and up to date.
ix. I/We agree that by providing Macquarie with my/our email address, I/we consent to Macquarie corresponding with me/us via email,
unless I/we notify Macquarie otherwise.
x. I/We agree to personal information about me/us being collected, used and disclosed in accordance with Macquarie’s Privacy Policy
and the privacy statement in the Information Booklet, including direct marketing.
xi. If I/we am/are a trustee, I/we am/are authorised under the trustee deed of the trust to apply for, and hold, units in the Fund.
15 of 16
Macquarie Investment Management – 18 March 2015
Client acknowledgement (continued)
xii. I/We represent and warrant, unless otherwise disclosed expressly to the contrary in this Application Form to Macquarie:
•
I/we am/are not a United States person or a resident of the United States for taxation purposes (US Person)
•
no person or entity controlling, owning or otherwise holding an interest in me/us is a US Person, and
•
I/we will not be receiving any financial product or financial service referred to in, or contemplated by, the PDS of the Fund or any
payment in connection therewith for the account or benefit of a US Person.
xiii. I/We agree:
•
that the representations set out in the preceding paragraph are made by me/us on the date on which I/we sign the Application
Form and on each day thereafter until the termination of the Fund
•
to promptly notify Macquarie of any change in circumstance which would cause the representations and warranties set out above
to be incorrect or misleading, and
•
to the FACTA provisions set out in Section 7 of the PDS for the Fund.
xiv. If we are a custodian, we confirm that we are authorised by our client to give the undertakings above on behalf of our client.
xv. If I/we are investing in a True Indexing, Index-Linked or Index Tracking Fund referred to in Section 5 of the Information Booklet, I/we
consent to Macquarie and Macquarie Life receiving related party financial benefits from the Fund under the arrangements set out in
Section 5 of the Information Booklet.
Use of facsimile
If you submit your Application Form by facsimile, Macquarie may rely on the faxed Application Form to process and accept your application.
Your original Application Form should also be sent to Macquarie for record-keeping purposes.
For each investment in a Fund, if Macquarie receives instructions by facsimile in relation to our investment in the Fund, I/we:
•
acknowledge that there is potentially a greater risk that fraudulent facsimile instructions can be given by someone who has access to
my/our account number and a copy of my/our signature(s) and that I/we accept such risks
•
acknowledge that Macquarie may assume that the instruction has been sent, and is authorised, by or behalf of me/us, and
•
release Macquarie from, and indemnify Macquarie against all losses and liabilities arising from any payment or action taken by
Macquarie based on any instruction bearing my/our account number and a signature that purports to be mine/ours or that of an
authorised signatory on the account, even if such instructions are not authorised (except to the extent that such losses and liabilities
directly arise from the negligence or wilful default of Macquarie).
You should read the PDS before signing the Application Form.
I/We acknowledge that investments in a Fund are not deposits with or other liabilities of Macquarie Bank Limited
ABN 46 008 583 542, or of any Macquarie Group company, and are subject to investment risk, including possible delays
in repayment and loss of income and principal invested.
I/We further acknowledge that neither Macquarie Bank Limited, nor any other member company of the Macquarie Group,
guarantees the performance of a Fund nor do they guarantee the repayment of capital from a Fund or any particular rate
of return.
Before signing this Application Form, you should ensure that you have received all 16 pages of this Application Form and
completed all relevant pages. If the other pages of this Application Form are not attached to this page or have not been
completed correctly, you should contact us or your financial adviser.
Authorisation 1
Authorisation 2
Signature
Signature
Date:
Date:
Name:
Name:
Title:
Title:
Director
Sole Director
Company Secretary
Attorney
Other (please specify):
Trustee
Director
Company Secretary
Attorney
Other (please specify):
Trustee
16 of 16
Macquarie Investment Management – 18 March 2015
I
Adviser declaration
Adviser given name(s):
Surname:
Company name:
Dealer Group:
AFSL:
Phone number:
Email address:
Address:
Suburb:
State:
Postcode:
Country:
Signed:
Date:
1. Please complete and enclose a copy of the relevant Financial Services Council/Financial Planning Association of Australia Identification
Form (FSC/FPA Form) in relation to the applicant referred to in this Application Form. The financial adviser can obtain a copy of the FSC/
FPA Form by visiting macquarie.com.au/aml.
2. By signing below and submitting the FSC/FPA Form with this Application Form, the financial adviser represents to Macquarie that they:
MIM021 03/15
a.
have followed the FSC/FPA Industry Guidance Note No.24 and any other application guidelines and laws with respect to the Act 2006
(AML/CTF Laws)
b.
will make available to Macquarie, on request, original verification and identification records obtained by the financial adviser in respect
of the applicant, being those records referred to in the FSC/FPA Form
c.
will provide details of the customer identification procedures adopted by the financial adviser in relation to the applicant
d.
have kept a record of the applicant’s identification and verification and will retain these in their file for a period of seven years after their
relationship with the applicant has ended
e.
will use reasonable efforts to obtain additional information from the applicant if Macquarie requests the financial adviser to do so
f.
will not knowingly do anything to put Macquarie in breach of AML/CTF Laws, and
g.
will notify Macquarie immediately if they become aware of anything that would put Macquarie in breach of AML/CTF Laws.