Each Strategy is a separate class of units in the Fund .

Chifley is responsible for selecting and managing the investment managers under each of the Strategies . Chifley employs a rigorous selection process to construct our blend of investment managers . We compare investment managers' styles, processes, performance histories and then offer our selection of best of breed investment managers in each Strategy . We review selected managers on an ongoing basis .

The Fund generally adheres to the guiding principle that several carefully selected investment managers will, over any reasonable period, produce a better result, more consistently and with lower volatility, than a single manager . Chifley is part of the FuturePlus Group which provides investment management, administration and advice services in relation to assets totalling approximately $11 billion . Other entities in the group include FuturePlus Financial Services Pty Limited, the Local Government Superannuation Scheme (LGSS), the Energy Industries Superannuation Scheme (EISS) and Local Government Financial Services Pty Ltd (LGFS) . Chifley has been the responsible entity of the Fund since its inception on 1 November 2002 . As at the date of this Information Memorandum, the Fund has approximately $1.3 billion in assets .

Eligible investors

The minimum initial application amount for each Strategy is $500,000 . However, certain eligible investors who are not required to receive a Product Disclosure Statement under Division 2 of Part 7 .9 of the Corporations Act may invest lesser amounts in the Fund by arrangement with Chifley . Please refer you to the 'Applications' section in the Information Memorandum for a list of some of the circumstances where an investor is not required to be given a Product Disclosure Statement .

Investment approach

Each Strategy invests in a range of investments consistent with the Investment Objectives of that Strategy . The performance benchmark for each Strategy (Benchmark) is listed in the Key Features table on page 4 in the CHIF Information Memorandum. The Investment Objective of each Strategy is to provide an investment return, before ongoing fees (Investment Return), relative to the nominated Benchmark return over an investment time frame, as detailed in the Key Features table . In respect of all of our Strategies, our investment managers may consider social, ethical and environmental considerations or labour standards of those companies from time to time, where these may materially impact on the value of the investment or the performance objectives of the Strategy .

Chifley does not take labour standards, environmental, social or ethical considerations into account in the selection, retention or termination of the Fund's investments and/or investment managers .

Further Information

If you would like to know more please call 1800 800 002 and ask to speak to Chadwick Pocock or download a copy of the CHIF Information Memorandum.