Approved Fund Size

300 million units

Financial Year End

31 August

Fund Manager

Hwang Investment Management Berhad

The Trustee

TMF Trustees Malaysia Berhad

Offer Price during the Initial Offer Period

AUD 0.50

Investor Profile

Suitable for investors who:

• Are relatively conservative with a bias towards receiving regular income
• Want medium to long term capital growth ; and
• Want exposure to AUD - denominated investments

Asset Allocation

The fund's asset allocation range is as follows:

• AUD - denominated fixed income instruments- Minimum 70% of the NAV of the fund
• AUD - denominated equity investments - Maximum 30% of the NAV of the fund

The manager will also maintain a sufficient level of cash or cash equivalent for liquidity purposes

Distribution Policy

The Fund endeavours to distribute income on a semi-annual basis; starting only after the end of the first financial year

Benchmark

Combination of Reserve Bank of Australia (RBA) Average Rate of Term Deposit ( across all terms) weighing at 80% for the fixed income investments and Dow Jones Australia Select Dividend 30 Index^ weighing at 20% for the equities portion

Sales Charge per Unit

3.00% of NAV

Transfer Fee

N.A

Repurchase Charge per Unit

The repurchase charge of 1.00% of the redemption amount is payable by a Unit Holder if he redeems his investments within the 6 months period commencing from the last day of the Initial Offer Period. After the 6 months period, no repurchase charge will be levied. All repurchase charges paid by the Unit Holders will be retained by the Manager.

Switching Fee

2 free switching transactions per calendar year per account when switching between the classes of the Fund. Switching fees up to 1% of the NAV per unit of each Class will be charge for any further switching transactions

Minimum Balance of Investment

10,000 units

Annual Management Fee

1.5% per annum of the GAV of the fund calculated and accrued daily and is calculated using the Fund's base currency

Trustee Fee

0.08% per annum of GAV of the fund, subject to a minimum of RM18,000 per annum (excluding foreign custodian fees and charges) and is calculated using the fund base's currency

Minimum Initial Investment

AUD 5,000

Min Additional Investment

AUD 1,000

Redemption Period

Redemption monies to be paid within ten (10) days after receipt by the Manager of the request to repurchase

Cooling-off Period

Unit Holders have the right within six (6) business days commencing from the date of receipt of the application by the Manager, to withdraw the subscription and obtain a refund of the investment, subject to eligibility.

Please refer to our nearest branch for more details about Hwang AUD Income Fund

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