Ausbil Global Resources Fund

The Fund utilises both top down commodity and macro analysis,  combined with bottom up stock analysis and a disciplined risk  management process, with the aim of producing consistent and risk controlled outperformance through the economic cycle.

The Fund aims to capitalise on the volatility within the natural resources sector over the long term, ie through the economic cycle, in both rising and falling markets, by employing a long/short approach to global natural resources equity markets.

The Fund seeks to achieve this by investing in a range of natural  resources companies and associated industries, which are expected  to have sustainable earnings and free cash flows, and to short sell  securities which have declining earnings/cashflow or commodity  specific headwinds. Short selling is also used by the Fund to manage risk and market or commodity exposures.

The Fund should be considered as a high risk strategy investment. It is not intended as a complete investment. The Fund is designed only for informed and educated investors who can bear the economic risks of the loss of their investment in the Fund. There can be no assurance that the Fund will achieve its investment objective or that any investor will get their money back.