Taylor Collison Global Investors

Taylor Collison Limited: Sharebrokers and Investment Advisers

Domestic, international and sector based equity funds

1. Australian Absolute Return Model Portfolio
2. Global Absolute Return Model Portfolio
3. Resources Absolute Return Model Portfolio
4. Emerging Market Fund of Funds Model Portfolio

1. AUSTRALIAN ABSOLUTE RETURN MODEL PORTFOLIO (TC0001)

Fund Objective / Risk Profile	The TCGI Australian Absolute Return Fund seeks to generate short to medium term capital returns through superior stock selection.
Benchmark	In keeping with global fee structures for Absolute Return Funds, no benchmark return is applicable or available. Rather, incentive fees are calculated on a total investment return above a cumulative zero.
Asset Allocation Ranges		Minimum	Maximum
	Australian Equities	80%	100%
	Cash	0%	20%
Authorised Investments	Australian Equities Ordinary shares, preference shares and other securities of any equity nature, provided the share or securities are listed on the official list of the Australian Stock Exchange Limited (ASX Listed).
Investment Restrictions	Number of Companies The portfolio’s exposure to any companies must be no less than 15 companies and no more than 35 companies at any one time. For the purpose of this rule all holdings in ordinary shares, convertible notes, preference shares and options of a listed vehicle will be considered a single company or unit trust. Maximum holdings of the issued capital of a company The portfolio’s total investment: in any shares or other equity securities issues by one company, or in any units or other equity securities (including options, if any, valued as if the options were exercised) issued by one unit trust shall not exceed 20% of the issued capital of that company. Maximum holdings as a percentage of the Portfolio The total market value of the equity investments held in any one company shall not exceed 25% of the portfolio.
Derivative Restrictions	Derivatives may be used to hedge risk in the portfolio

2. GLOBAL ABSOLUTE RETURN MODEL PORTFOLIO (TC0002)

Fund Objective / Risk Profile	The TCGI Global Absolute Return Fund seeks to generate short to medium term capital returns through superior stock selection across the globe.
Benchmark	In keeping with global fees structures for Absolute Return Funds, no benchmark return is applicable or available. Rather, incentive fees are calculated on a total investment return above a cumulative zero.
Asset Allocation Ranges		Minimum	Maximum
	Global Equities	80%	100%
	Cash	0%	20%
Authorised Investments	Global Equities Ordinary shares, preference shares and other securities of any equity nature, provided the share or securities are listed on the official list of the respective stock exchanges limited to those countries within the investment universe.
Investment Restrictions	Number of Companies The portfolio’s exposure to any companies must be no less than 15 companies and no more than 35 companies at any one time. For the purpose of this rule all holdings in ordinary shares, convertible notes, preference shares and options of a listed vehicle will be considered a single company or unit trust. Maximum holdings of the issued capital of a company The portfolio’s total investment: in any shares or other equity securities issues by one company, or in any units or other equity securities (including options, if any, valued as if the options were exercised) issued by one unit trust shall not exceed 20% of the issued capital of that company. Maximum holdings as a percentage of the Portfolio The total market value of the equity investments held in any one company shall not exceed 25% of the portfolio.
Derivative Restrictions	Derivatives may be used to hedge risk

3. RESOURCES ABSOLUTE RETURN MODEL PORTFOLIO (TC0003)

Fund Objective / Risk Profile	The TCGI Resources Absolute Return Fund seeks to generate short to medium term capital returns through superior stock selection within the Basic Materials sector.
Benchmark	In keeping with global fees structures for Absolute Return Funds no benchmark return is applicable or available. Rather, incentive fees are calculated on a total investment return above a cumulative zero.
Asset Allocation Ranges		Minimum	Maximum
	Australian Equities	80%	100%
	Cash	0%	20%
Authorised Investments	Australia Equities Ordinary shares, preference shares and other securities of any equity nature, provided the share or securities are listed on the official list of the Australian Stock Exchange Limited (ASX Listed )
Investment Restrictions	Number of Companies The portfolio’s exposure to any companies must be no less than 15 companies and no more than 35 companies at any one time. For the purpose of this rule all holdings in ordinary shares, convertible notes, preference shares and options of a listed vehicle will be considered a single company or unit trust. Maximum holdings of the issued capital of a company The portfolio’s total investment: in any shares or other equity securities issues by one company, or in any units or other equity securities (including options, if any, valued as if the options were exercised) issued by one unit trust shall not exceed 20% of the issued capital of that company. Maximum holdings as a percentage of the Portfolio The total market value of the equity investments held in any one company shall not exceed 25% of the portfolio.
Derivative Restrictions	Derivatives may be used to hedge risk

4. EMERGING MARKET FUND OF FUNDS MODEL PORTFOLIO (TC0004)

Fund Objective / Risk Profile	The TCGI Emerging Markets Fund of Funds seeks to generate short to medium term capital returns through superior stock selection within Emerging Markets Exchange Traded Funds (ETFs).
Benchmark	In keeping with global fees structures for Absolute Return Funds no benchmark return is applicable or available. Rather, incentive fees are calculated on a total investment return above a cumulative zero.
Asset Allocation Ranges		Minimum	Maximum
	Exchange Traded Funds (ETFs)	80%	100%
	Cash	0%	20%
Authorised Investments	Exchange Traded Funds Global Exchange Traded Funds with Emerging Markets Exposure
Investment Restrictions	Number of Funds The portfolio’s exposure to any exchange traded fund will be no less than 5 and no more than 15 Exchange Traded Funds at any one time. Maximum holdings of the Exchange Traded Fund The portfolio’s total investment in any exchange traded fund shall not exceed 20% of the net asset value of that company. Maximum holdings as a percentage of the Portfolio The total market value of the exchange traded fund shall not exceed 25% of the portfolio.
Derivative Restrictions	Does not apply

Leverage will be used in the portfolio to enhance returns and short-selling will also be applied to reduce risk.