Income Opportunities

Eternal

Our goal is to reach the target by: Effects of unfavorable exchange rate fluctuations. As a result of changes in the ASIC class order[CO 14/1252], we have revised our disclosures in relation to the Fund's estimates of administrative overhead. That amount shall include an estimate of indirectly incurred expenses borne by the Fund which are not directly attributable to you.

Perpetual's administration charge has not altered.

The Macquarie Income Opportunities Fund

With mFund, we are happy to announce that you can now make an initial purchase in the Macquarie Income Opportunities Fund. mFund allows you to buy, own and dispose of unquoted assets in a similar way to purchasing and sales of equities. It offers a broad spectrum of credit-based investment-grade assets (mainly variable and debt and asset-backed securities) and currency.

There may also be risks from high interest rates globally, developing country bonds, hybrids and a variety of lending opportunities if they are anticipated to exceed the performance of these industries and decrease exposures to these industries if the anticipated results are below average. In general, there is a variable interest bond exposures. It may also be exposed to exposures to fixed-rate bonds where the interest component is secured by the use of derivative instruments such as switches and future contracts.

Aim of the investing activity is to mitigate the risks that the Fund may be affected by unforeseen circumstances or a downgrade in the Fund's assets. There is a rigorous regulatory and disciplinary approach used to analyze each industry and propose capital expenditures for assessing risks. Macquarie and other top global interest rate leaders also provide Macquarie's managerial skills to the investor community.

Listen to portfolio manager Brett Lewthwaite explain how the fund was consciously conceived as an alternate fix-income option for the defaulting portion of Australia's investor portfolio and how its flexibility and overall investment strategy is aimed at delivering compelling results and yields for players at different stages of the investment cycles.

Every capital expenditure is subject to certain contingencies. Various types of asset hold different degrees of inherent danger according to the asset allocation plan and underlyings. In general, the higher the prospective rate of returns on an asset, the greater the level of attrition. Opportunities to invest in this fund involve risks: It'?s an asset risk: This fund aims to achieve a higher yield than conventional bargains.

Risks associated with investing in the Fund are higher than those associated with investing in a standard banking client such as a cash desk or call money. The amount paid out to Shareholders may change as may the Share Value of the Fund. Share prices may be varied by substantial sums, even over brief durations, which may include the interval between a repurchase order or a repurchase order and the calculation of the repurchase or enforcement share.

Managers risk: Nothing can ensure that the fund will meet its targets, generate good yields or outperform its competitors. There is no assurance that such changes would lead to beneficial results, and the investment managers may modify their own policies and procedures over the years.

Ertragswertpapierrisiko: Funds may be invested in a variety of income earning instruments, such as high Yield Bonds, developing countries and diversified debt instruments. Their value may decline due to, for example, fluctuations in interest rates, perception of loan qualities, pressure on liquidity and demands, investor confidence or failure of the issuing institution.

In the case of higher yielding instruments such as high-yield bonds or instruments from developing countries, these may be greater than in the case of such instruments. As a result of the earnings reliability hazard, share prices and/or losses may fluctuate for the funds. For more information on the investment exposure of the Product to the Funds, please refer to the Product Disclosure Statement, which must be taken into account before making any decision to enter the Product into the Funds.