BWA Diversified BWA Growth

The Fund is a multi-class fund with each class providing access to a portfolio of assets tailored to meet various investor risk profiles. Investors in the Fund have the option of investing in the BWA Defensive class, BWA Blended Growth class and BWA Growth class. Each Class in the Fund provides exposure to a portfolio of investments in various managed funds and listed securities (’Underlying Investments’). The strategy employs dynamic asset allocation and uses specialist fund managers with a bias to active strategies.