Perpetual Select Investments Diversified

Invests into a diverse mix of assets(see "Investment guidelinesbelow) Tactical asset allocation strategies may be applied. This processinvolves the Fund adjusting its exposure to asset classes on a regular basis within the investment guidelines. Derivatives and exchange traded funds may be used in managing each asset class. The currency exposure of international assets is monitored andhedging strategies may be implemented (using derivatives) withthe aim of reducing the impact of adverse currency movements.