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Product Disclosure Statement - Macquarie

Contents1. About Macquarie Investment Services Limited 022. How the Macquarie Separately Managed Account works 023. Benefits of investing in the Macquarie Separately Managed Account 034. Risks of managed investment schemes 045. How we invest your money 066. Fees and costs 067. How managed investment schemes are taxed 088. How to apply 08 This document (Short Form PDS) is a summary of significant information and contains a number of references to other important information contained in a separate information booklet titled Macquarie Separately Managed Account Additional information to the Product Disclosure Statement (Information Booklet). The Short Form PDS and the Information Booklet form the Product Disclosure Statement (PDS) for the SMA. An investment in the SMA is for a particular class of document and the Information Booklet should be read together and considered before making a decision to invest in the SMA.

The SMA offers a selection of model investment portfolios (SMA Model Portfolios) provided by a range of professional investment managers (Investment Managers) covering a range of investment styles, allowing you to tailor your SMA investment to suit your investment needs. You should read the important information about the

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