Disclaimer

February 2017

This website is provided by Bennelong Funds Management Ltd (ABN 39 111 214 085, AFSL 296806) (BFML) in relation to the 4D Global Infrastructure Fund, the Bennelong Avoca Emerging Leaders Fund, the Bennelong Australian Equities Fund, the Bennelong Concentrated Australian Equities Fund, the Bennelong ex-20 Australian Equities Fund, the Bennelong Twenty20 Australian Equities Fund, the Bennelong Long Short Equity Fund, the Bennelong Market Neutral Fund, the Bennelong Kardinia Absolute Return Fund, the Quay Global Real Estate Fund and the Touchstone Index Unaware Fund. The information provided is general information only. It does not constitute financial, tax or legal advice or an offer or solicitation to subscribe for units in any fund of which BFML is the Trustee or Responsible Entity (Bennelong Fund). This information has been prepared without taking account of your objectives, financial situation or needs. Before acting on the information or deciding whether to acquire or hold a product, you should consider the appropriateness of the information based on your own objectives, financial situation or needs or consult a professional adviser. You should also consider the relevant Information Memorandum (IM) and or Product Disclosure Statement (PDS) which is available on the BFML website, bennelongfunds.com, or by phoning 1800 895 388 (AU) or 0800 442 304 (NZ). BFML may receive management and or performance fees from the Bennelong Funds, details of which are also set out in the current IM and or PDS. BFML and the Bennelong Funds, their affiliates and associates accept no liability for any inaccurate, incomplete or omitted information of any kind or any losses caused by using this information. All investments carry risks. There can be no assurance that any Bennelong Fund will achieve its targeted rate of return and no guarantee against loss resulting from an investment in any Bennelong Fund. Past fund performance is not indicative of future performance.

4D Infrastructure Pty Ltd (ABN 26 604 979 259), Avoca Investment Management Pty Ltd (ABN 17 149  651 856), Bennelong Australian Equity Partners Pty Ltd (ABN 69 131 665 122), Bennelong Long Short Equity Management Pty Ltd (ABN 63 118 724 173), Kardinia Capital Pty Ltd (ABN 20 152 003 186), Quay Global Investors Pty Ltd (ABN 98 163 911 859) and Touchstone Asset Management Pty Ltd (ABN 34 605 911 519) are Corporate Authorised Representatives of Bennelong Funds Management Ltd (BFML), ABN 39 111 214 085, Australian Financial Services Licence No. 296806.