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This information has been prepared and issued by Colonial First State Asset Management (Australia) Limited AFSL 289017 ABN 89 114 194311 (Author). It is directed at persons who are professional, sophisticated or wholesale clients and has not been prepared for and is not intended for persons who are retail clients. This material contains general information only. It is not intended to provide you with financial product advice and does not take into account your objectives, financial situation or needs. Before making an investment decision, you should consider, with a financial adviser, whether this information is appropriate in light of your investment needs, objectives and financial situation.

The product disclosure statement (PDS) and Information Memorandum (IM) for a registered managed investment scheme of which Colonial First State Investments Limited (ABN 98 002 348 352, AFSL 232468) (CFSIL) is the responsible entity and either the Author or a related body corporate of the Author is the investment manager (Funds), issued by, should be considered before deciding whether to acquire or hold units in the Fund(s). The PDS or IM are available from Colonial First State Global Asset Management which is the trading name of the Author.

MUFG, the Commonwealth Bank of Australia (Bank) and their respective affiliates do not guarantee the performance of the Fund(s) or the repayment of capital by the Fund(s). Investments in the Fund(s) are not deposits or other liabilities of MUFG, the Bank nor their respective affiliates, and investment-type products are subject to investment risk including loss of income and capital invested. The Author forms part of CFSFGAM and is a member of MUFG, a global financial group. CFSIL is a subsidiary of the Bank. CFSGAM was acquired by MUFG on 2 August 2019 and is now financially and legally independent from the Bank.

To the extent permitted by law, no liability is accepted by MUFG, the Author, CFSAMA, the Bank, CFSIL nor their respective affiliates for any loss or damage as a result of any reliance on this information. This information is, or is based upon, information that we believe to be accurate and reliable, however neither MUFG, the Author, CFSAMA, the Manager, the Bank, CFSIL nor their respective affiliates offer any warranty that it contains no factual errors. No part of this material may be reproduced or transmitted in any form or by any means without the prior written consent of the Author.

In Australia ‘Colonial’, ‘CFS’ and ‘Colonial First State’ are trade marks of Colonial Holding Company Limited and ‘Colonial First State Investments’ is a trade mark of the Bank and all of these trade marks are used by CFSGAM under licence.

Total returns shown for the Fund(s) have been calculated using exit prices after taking into account all ongoing fees and assuming reinvestment of distributions. No allowance has been made for taxation. Past performance is no indication of future performance.

Copyright © CFSGAM Services Pty Limited 2019

All rights reserved.

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