Macquarie reFleXion® Trusts performance information

 

Valuation as at:  

This information is current as at  , is subject to change without notice and is indicative only. Macquarie Financial Products Management Limited is not bound by the figures set out below and is not liable to cover any difference between the indicative valuation and the amounts payable on actual redemption. Therefore, this information is not a quote or a redemption price, nor does it represent a formal net asset value of a Macquarie reFleXion Trust. Furthermore amounts payable on redemption will be subject to loan repayment obligations and break costs as set out in the relevant Product Disclosure Statement.

The indicative valuations below may be materially different to the actual prices realised on redemption of an investment in the Macquarie reFleXion Trusts. This is because the indicative valuations are based on estimated (or theoretical) values of the underlying components of the Investment Linked Swap and not the actual value of these components at the time of redemption. An investment in the Macquarie reFleXion Trusts is designed to be held until Maturity.

June 2009 offer

  BRIC and Emerging
Markets Trust 		China Trust
Underlying Index Start Value    
Underlying Index Value    
Underlying Index Return*    
Unit Value    
Loan Value for Floating Rate Investors    
Net Return for Floating Rate Investors**    
Current FX rate    
Threshold Management Equity Participation    
     
Loan Value for Semi-Fixed Rate Investors    
Net Return for Semi-Fixed Rate Investors**    

* The performance of the Underlying Investment may not match the performance of the Macquarie reFleXion Trusts investment before or at maturity. See section 3 of the PDS for details on why each of the Trusts will not match the performance of the particular Underlying Investment.

** The Net Return figure represents the indicative value that an investor could receive from a Macquarie reFleXion Trust, assuming the investor was able to redeem the investment on the valuation date above at the Unit Value indicated, less the indicative amount the client would be required to repay on their Investment Loan. If the investor has funded their first years interest payment with an Interest Loan the Net Return may be higher or lower than reported. The Net Return takes into account movements in Foreign Exchange rates since the relevant Unit Issue Date. The Net Return does not include distributions paid.

Please note that for the Threshold Managed Trusts, the Underlying Investment return shown is prior to the application of Threshold Management.

*** Please note that the participation for this trust will be 0% from 1 December 2011’

****For the Macquarie reFleXion BRIC and Emerging Markets Trusts the Underlying Index Return represents the return on the Macquarie BRIC Advantage Fund from the Swap Start Date through to 30 November 2011 plus the current return on the BlackRock Global Funds Emerging Markets Fund from 23 January 2012.

June 2008 Offer

  Japan Trust Japan Focus Trust Best of Japan and Australia Trust Asia Property Trust BRIC and Emerging Markets Trust China Trust Middle East Trust Europe Trust Renewable Energy Trust Commodity Trust
Underlying Index Start Value      
(Nikkei 225) 		             
     
(ASX 200) 		             
Underlying Index Value      
(Nikkei 225) 		             
     
(ASX 200) 		             
Underlying Index Return*      
(Nikkei 225) 		             
     
(ASX 200) 		             
Unit Value                    
Loan Value for Floating Rate Investors                    
Net Return for Floating Rate Investors**                    
Current FX rate                    
Threshold Management Equity Participation                    
                     
Loan Value for Semi-Fixed Rate Investors                    
Net Return for Semi-Fixed Rate Investors**                    

* The performance of the Underlying Investment may not match the performance of the Macquarie reFleXion Trusts investment before or at maturity. See section 3 of the PDS for details on why each of the Trusts will not match the performance of the particular Underlying Investment.

** The Net Return figure represents the indicative value that an investor could receive from a Macquarie reFleXion Trust, assuming the investor was able to redeem the investment on the valuation date above at the Unit Value indicated, less the indicative amount the client would be required to repay on their Investment Loan. If the investor has funded their first years interest payment with an Interest Loan the Net Return may be higher or lower than reported. The Net Return takes into account movements in Foreign Exchange rates since the relevant Unit Issue Date. The Net Return does not include distributions paid.

Please note that for the Threshold Managed Trusts, the Underlying Investment return shown is prior to the application of Threshold Management.

*** Please note that the participation for this trust will be 0% from 1 December 2011’

****For the Macquarie reFleXion BRIC and Emerging Markets Trusts the Underlying Index Return represents the return on the Macquarie BRIC Advantage Fund from the Swap Start Date through to 30 November 2011 plus the current return on the BlackRock Global Funds Emerging Markets Fund from 23 January 2012.

December 2007 Offer

  Japan Trust Japan Focus Trust Best of Japan and Australia Trust Asia Property Trust BRIC and Emerging Markets Trust China Trust Europe Trust Renewable Energy Trust Commodity Trust
Underlying Index Start Value      
(Nikkei 225) 		           
     
(ASX 200) 		           
Underlying Index Value      
(Nikkei 225) 		           
     
(ASX 200) 		           
Underlying Index Return*      
(Nikkei 225) 		           
     
(ASX 200) 		           
Unit Value                  
Loan Value for Floating Rate Investors                  
Net Return for Floating Rate Investors**                  
Current FX rate                  
Threshold Management Equity Participation                  
                   
Loan Value for Semi-Fixed Rate Investors                  
Net Return for Semi-Fixed Rate Investors**                  

* The performance of the Underlying Investment may not match the performance of the Macquarie reFleXion Trusts investment before or at maturity. See section 3 of the PDS for details on why each of the Trusts will not match the performance of the particular Underlying Investment.

** The Net Return figure represents the indicative value that an investor could receive from a Macquarie reFleXion Trust, assuming the investor was able to redeem the investment on the valuation date above at the Unit Value indicated, less the indicative amount the client would be required to repay on their Investment Loan. If the investor has funded their first years interest payment with an Interest Loan the Net Return may be higher or lower than reported. The Net Return takes into account movements in Foreign Exchange rates since the relevant Unit Issue Date. The Net Return does not include distributions paid.

Please note that for the Threshold Managed Trusts, the Underlying Investment return shown is prior to the application of Threshold Management.

June 2007 Offer (Japan Focus Trust Variation)

  Japan Focus Trust
Underlying Index Start Value  
Underlying Index Value  
Underlying Index Return*  
Unit Value  
Loan Value for Floating Rate Investors  
Net Return for Floating Rate Investors**  
Current FX rate  
Threshold Management Equity Participation  
   
Loan Value for Semi-Fixed Rate Investors  
Net Return for Semi-Fixed Rate Investors**  

* The performance of the Underlying Investment may not match the performance of the Macquarie reFleXion Trusts investment before or at maturity. See section 3 of the PDS for details on why each of the Trusts will not match the performance of the particular Underlying Investment.

** The Net Return figure represents the indicative value that an investor could receive from a Macquarie reFleXion Trust, assuming the investor was able to redeem the investment on the valuation date above at the Unit Value indicated, less the indicative amount the client would be required to repay on their Investment Loan. If the investor has funded their first years interest payment with an Interest Loan the Net Return may be higher or lower than reported. The Net Return takes into account movements in Foreign Exchange rates since the relevant Unit Issue Date. The Net Return does not include distributions paid.

Please note that for the Threshold Managed Trusts, the Underlying Investment return shown is prior to the application of Threshold Management.

June 2007 Offer

  Japan Trust Japan Focus Trust Best of Japan and Australia Trust BRIC and Emerging Markets Trust China Trust Europe Trust Renewable Energy Trust Commodity Trust
Underlying Index Start Value      
(Nikkei 225) 		         
     
(ASX 200) 		         
Underlying Index Value      
(Nikkei 225) 		         
     
(ASX 200) 		         
Underlying Index Return*      
(Nikkei 225) 		         
     
(ASX 200) 		         
Unit Value                
Loan Value for Floating Rate Investors                
Net Return for Floating Rate Investors**                
Current FX rate                
Threshold Management
Equity Participation 		               
                 
Loan Value for Semi-Fixed Rate Investors                
Net Return for Semi-Fixed Rate Investors**                

* The performance of the Underlying Investment may not match the performance of the Macquarie reFleXion Trusts investment before or at maturity. See section 3 of the PDS for details on why each of the Trusts will not match the performance of the particular Underlying Investment.

** The Net Return figure represents the indicative value that an investor could receive from a Macquarie reFleXion Trust, assuming the investor was able to redeem the investment on the valuation date above at the Unit Value indicated, less the indicative amount the client would be required to repay on their Investment Loan. If the investor has funded their first years interest payment with an Interest Loan the Net Return may be higher or lower than reported. The Net Return takes into account movements in Foreign Exchange rates since the relevant Unit Issue Date. The Net Return does not include distributions paid.

Please note that for the Threshold Managed Trusts, the Underlying Investment return shown is prior to the application of Threshold Management.

*** Please note that the participation for this trust will be 0% from 1 December 2011’

****For the Macquarie reFleXion BRIC and Emerging Markets Trusts the Underlying Index Return represents the return on the Macquarie BRIC Advantage Fund from the Swap Start Date through to 30 November 2011 plus the current return on the BlackRock Global Funds Emerging Markets Fund from 23 January 2012.

November 2006 Offer

  Japan Trust BRIC and Emerging
Markets Trust 		Europe Trust Commodity Trust
Underlying Index Start Value        
Underlying Index Value        
Underlying Index Return*        
Unit Value        
Loan Value for Floating Rate Investors        
Net Return for Floating Rate Investors**        
Current FX rate        
Threshold Management Equity Participation        
         
Loan Value for Semi-Fixed Rate Investors        
Net Return for Semi-Fixed Rate Investors**        

* The performance of the Underlying Investment may not match the performance of the Macquarie reFleXion Trusts investment before or at maturity. See section 3 of the PDS for details on why each of the Trusts will not match the performance of the particular Underlying Investment.

** The Net Return figure represents the indicative value that an investor could receive from a Macquarie reFleXion Trust, assuming the investor was able to redeem the investment on the valuation date above at the Unit Value indicated, less the indicative amount the client would be required to repay on their Investment Loan. If the investor has funded their first years interest payment with an Interest Loan the Net Return may be higher or lower than reported. The Net Return takes into account movements in Foreign Exchange rates since the relevant Unit Issue Date. The Net Return does not include distributions paid.

Please note that for the Threshold Managed Trusts, the Underlying Investment return shown is prior to the application of Threshold Management.

*** Please note that the participation for this trust will be 0% from 1 December 2011’

****For the Macquarie reFleXion BRIC and Emerging Markets Trusts the Underlying Index Return represents the return on the Macquarie BRIC Advantage Fund from the Swap Start Date through to 30 November 2011 plus the current return on the BlackRock Global Funds Emerging Markets Fund from 23 January 2012.

June 2006 Offer

  Japan Trust China Trust Emerging
Markets Trust 		Europe Trust Commodity Trust
Underlying Index Start Value          
Underlying Index Value          
Underlying Index Return*          
Unit Value          
Loan Value for Floating Rate Investors          
Net Return for Floating Rate
Investors** 		         
Current FX rate          
Threshold Management Equity Participation          
           
Loan Value for Semi-Fixed Rate Investors          
Net Return for Semi-Fixed Rate Investors**          

* The performance of the Underlying Investment may not match the performance of the Macquarie reFleXion Trusts investment before or at maturity. See section 3 of the PDS for details on why each of the Trusts will not match the performance of the particular Underlying Investment.

** The Net Return figure represents the indicative value that an investor could receive from a Macquarie reFleXion Trust, assuming the investor was able to redeem the investment on the valuation date above at the Unit Value indicated, less the indicative amount the client would be required to repay on their Investment Loan. If the investor has funded their first years interest payment with an Interest Loan the Net Return may be higher or lower than reported. The Net Return takes into account movements in Foreign Exchange rates since the relevant Unit Issue Date. The Net Return does not include distributions paid.

Please note that for the Threshold Managed Trusts, the Underlying Investment return shown is prior to the application of Threshold Management.

June 2005 Offer

  Japan Trust 2005 (Yen) Asia Trust 2005 (USD) China Trust 2005 (USD)
Underlying Index Start Value      
Underlying Index Value      
Underlying Index Return*      
Unit Value
(For equivalent AUD investment)** 		     
Loan Value
(For equivalent AUD investment)** 		     
Net Return on initial AUD investment
(Floating Investors) 		     
Current FX rate      
Threshold Management
Equity Participation 		     
       
Semi-fixed/Capped Investor Loan Value
(For equivalent AUD investment)** 		     
Net Return on initial AUD investment
(Semi-fixed and Capped investors)*** 		     
       
Foreign Currency Values      
Unit Value (Foreign Currency) 141.83 1.5108 1.8190
Loan Value (Foreign Currency) -142.59 -1.5163 -1.5163
Semi-fixed/Capped Investor Loan Value (Foreign Currency) -142.63 -1.5179 -1.5179

* The performance of the Underlying Index may not match the performance of the Trust’s investment before or at maturity. See section 4 of the PDSs dated 22 April 2005 for details on why each of the Trusts will not match the performance of the particular underlying index.

** The unit and loan values are based on an equivalent AUD 1 investment.

*** The Net Return figure represents the value that an investor could receive from a Trust, assuming the investor was able to redeem the investment on the valuation date above, less the amount the investor would be required to repay on their Investment Loan. However, please note that if you have taken the fixed interest rate option under your investment loan you may be required to pay additional break costs. The Net Return takes into account the movements in Foreign Exchange rates since 30 June 2005. The Net Return does not include distributions paid.

Please note that for the Threshold Managed Trusts, the Underlying Index return shown is prior to the application of Threshold Management. In previous performance updates the Underlying Index return shown was after the application of Threshold Management.

 

 

Important information

This information has been prepared by Macquarie Financial Products Management Limited (MFPML) ABN 38 095 135 694, AFS Licence 237847 and is current as at 31 August 2009. Some of the information on this web page may be based on information provided by Merrill Lynch (Australia) Futures Limited (Merrill Lynch) or Macquarie Bank Limited (the entities providing the Index Linked Swap through which MFPML (as responsible entity of each Macquarie reFleXion Trust) obtains exposure to the Underlying Investments). Capitalised terms used have the same meaning as in the relevant Product Disclosure Statement (PDS) for each offer of the Macquarie reFleXion Trusts.

The June 2009 invitation to apply for units in the Macquarie reFleXion Trusts was made by MFPML in the PDS dated 27 April 2009 (June 2009 Offer). This offer is now closed. In deciding whether to acquire or continue to hold an investment, an investor should obtain a copy of the PDS and consider its contents. The PDS is available by phoning 1800 080 033.

This web page is general advice and does not take account of your objectives, financial situation or needs. Before taking any action based upon the information on this web page, you should consider the appropriateness of its contents having regard to your personal situation. We recommend you obtain financial, legal and taxation advice before making any financial investment decision. Past performance is not a reliable indication of future performance.

MFPML does not give, nor does it purport to give, any taxation advice. Any taxation discussion in this document is based on laws current at the time of writing. Those laws and the level of taxation may change. The application of taxation laws to each investor depends on that investor’s individual circumstances. Accordingly, you should seek independent professional advice on taxation implications before making any investment decisions.

MFPML or its associates, officers or employees may have interests in the financial products referred to in this information by acting in various roles including as investment adviser, underwriter or dealer, holder of principal positions, broker or lender. MFPML or its associates may receive fees, brokerage or commissions for acting in those capacities. In addition, MFPML or its associates, officers or employees may buy or sell the financial products as principal or agent and as such may effect transactions which are not consistent with any recommendations in the information.

To the extent permitted by law neither MFPML, Macquarie Bank Limited nor any Macquarie Group company or any of their officers, employees or agents give any representation or warranty as to the accuracy, completeness or timeliness of the calculations. Neither Macquarie Bank Limited nor MFPML accepts responsibility for error or misstatements on this web page, negligent or otherwise. This information may be based on assumptions or market conditions and may change at any time without notice.

Investments in the Macquarie reFleXion Trusts are not deposits with, or other liabilities of Macquarie Bank Limited (MBL) or of any other Macquarie Group company and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. Neither MBL nor any other members of the Macquarie Group guarantees any particular rate of return on, or the performance of, the Macquarie reFleXion Trusts, nor do they guarantee the repayment of capital from the Macquarie reFleXion Trusts.

Valuation as at:  

This information is current as at  , is subject to change without notice and is indicative only. Macquarie Financial Products Management Limited is not bound by the figures set out below and is not liable to cover any difference between the indicative valuation and the amounts payable on actual redemption. Therefore, this information is not a quote or a redemption price, nor does it represent a formal net asset value of a Macquarie reFleXion Trust. Furthermore amounts payable on redemption will be subject to loan repayment obligations and break costs as set out in the relevant Product Disclosure Statement and Variation invitation. An investment in the Macquarie reFleXion Trusts is designed to be held until Maturity.

The indicative valuations below may be materially different to the actual prices realised on redemption of an investment in the Macquarie reFleXion Trusts. This is because the indicative valuations are based on estimated (or theoretical) values of the underlying components of the varied Investment Linked Swap Arrangement and not the actual value of these components at the time of redemption.

June 2008 Variation

  Japan Trust Japan Focus Trust Best of Japan and Australia Trust Asia Property Trust BRIC and Emerging Markets Trust China Trust Middle East Trust Europe Trust Renewable Energy Trust Commodity Trust
Varied Underlying Investment S&P/
ASX200 		S&P/
ASX200 		S&P/
ASX200 		S&P/
ASX200 		MSCI Emerging Markets Index Merrill Lynch China Dragon Index S&P/
ASX200 		EURO STOXX Dividend 30 Index S&P/
ASX200 		S&P GSCI Commodities Basket
Reset Level                    
New Initial Investment Level^                    
Underlying Index Level                    
Underlying Investment Return* from Variation Start Date                    
Variation Cap (as a % of the Initial Investment Amount)                    
Unit Value                    
Loan Value for Floating Rate Investors                    
Net Return for Floating Rate Investors**                    
Current FX Rate                    
                     
Loan Value for Semi-Fixed Rate Investors                    
Net Return for Semi-Fixed Rate Investors**                    

^ This is the average of the closing level varied Underlying Investment on the 15 July 2009, 30 September 2009, 31 December 2009 and 31 March 2010. This will be notified on the reFleXion website.

* The performance of the varied Underlying Investment may not match the performance of the Variation Units in the Macquarie reFleXion Trusts investment before or at Maturity. See the relevant PDS and Variation invitation for details on why each of the Trusts will not match the performance of the particular varied Underlying Investment.

** The Net Return figure represents the indicative value that an investor could receive from a Macquarie reFleXion Trust, assuming the investor was able to redeem the investment on the valuation date above at the Unit Value indicated, less the indicative amount the client would be required to repay on their Investment Loan. If the investor has funded their first years interest payment with an Interest Loan the Net Return may be higher or lower than reported. The Net Return takes into account movements in Foreign Exchange rates since the relevant Unit Issue Date. The Net Return does not include distributions paid.

December 2007 Variation

  Japan Trust Japan Focus Trust Best of Japan and Australia Trust Asia Property Trust BRIC and Emerging Markets Trust China Trust Europe Trust Renewable Energy Trust Commodity Trust
Varied Underlying Investment S&P/
ASX200 		S&P/
ASX200 		S&P/
ASX200 		S&P/
ASX200 		MSCI Emerging Markets Index Merrill Lynch China Dragon Index EURO STOXX 50® Index S&P/
ASX200 		S&P GSCI Commodities Basket
Reset Level                  
New Initial Investment Level^                  
Underlying Index Level                  
Underlying Investment Return* from Variation Start Date                  
Variation Cap (as a % of the Initial Investment Amount)                  
Unit Value                  
Loan Value for Floating Rate Investors                  
Net Return for Floating Rate Investors**                  
Current FX Rate                  
                   
Loan Value for Semi-Fixed Rate Investors                  
Net Return for Semi-Fixed Rate Investors**                  

^ This is the average of the closing level varied Underlying Investment on the 15 July 2009, 30 September 2009, 31 December 2009 and 31 March 2010. This will be notified on the reFleXion website.

* The performance of the varied Underlying Investment may not match the performance of the Variation Units in the Macquarie reFleXion Trusts investment before or at Maturity. See the relevant PDS and Variation invitation for details on why each of the Trusts will not match the performance of the particular varied Underlying Investment.

** The Net Return figure represents the indicative value that an investor could receive from a Macquarie reFleXion Trust, assuming the investor was able to redeem the investment on the valuation date above at the Unit Value indicated, less the indicative amount the client would be required to repay on their Investment Loan. If the investor has funded their first years interest payment with an Interest Loan the Net Return may be higher or lower than reported. The Net Return takes into account movements in Foreign Exchange rates since the relevant Unit Issue Date. The Net Return does not include distributions paid.

June 2007 Variation

  Japan Trust Japan Focus Trust Best of Japan and Australia Trust BRIC and Emerging Markets Trust China Trust Europe Trust Renewable Energy Trust
Varied Underlying Investment S&P/
ASX200 		S&P/
ASX200 		S&P/
ASX200 		MSCI Emerging Markets Index Merrill Lynch China Dragon Index EURO STOXX 50® Index S&P/
ASX200
Reset Level              
New Initial Investment Level^              
Underlying Index Level              
Underlying Investment Return* from Variation Start Date              
Variation Cap (as a % of the Initial Investment Amount)              
Unit Value              
Loan Value for Floating Rate Investors              
Net Return for Floating Rate Investors**              
Current FX Rate              
               
Loan Value for Semi-Fixed Rate Investors              
Net Return for Semi-Fixed Rate Investors**              

^ This is the average of the closing level varied Underlying Investment on the 15 July 2009, 30 September 2009, 31 December 2009 and 31 March 2010. This will be notified on the reFleXion website.

* The performance of the varied Underlying Investment may not match the performance of the Variation Units in the Macquarie reFleXion Trusts investment before or at Maturity. See the relevant PDS and Variation invitation for details on why each of the Trusts will not match the performance of the particular varied Underlying Investment.

** The Net Return figure represents the indicative value that an investor could receive from a Macquarie reFleXion Trust, assuming the investor was able to redeem the investment on the valuation date above at the Unit Value indicated, less the indicative amount the client would be required to repay on their Investment Loan. If the investor has funded their first years interest payment with an Interest Loan the Net Return may be higher or lower than reported. The Net Return takes into account movements in Foreign Exchange rates since the relevant Unit Issue Date. The Net Return does not include distributions paid.

November 2006 Variation

  Japan Trust BRIC and Emerging
Markets Trust 		Europe Trust
Varied Underlying Investment S&P/
ASX200 		MSCI Emerging
Markets Index 		EURO
STOXX 50® Index
Reset Level      
New Initial Investment Level^      
Underlying Index Level      
Underlying Investment Return* from Variation Start Date      
Variation Cap (as a % of the Initial Investment Amount)      
Unit Value      
Loan Value for Floating Rate Investors      
Net Return for Floating Rate Investors**      
Current FX Rate      
       
Loan Value for Semi-Fixed Rate Investors      
Net Return for Semi-Fixed Rate Investors**      

^ This is the average of the closing level varied Underlying Investment on the 15 July 2009, 30 September 2009, 31 December 2009 and 31 March 2010. This will be notified on the reFleXion website.

* The performance of the varied Underlying Investment may not match the performance of the Variation Units in the Macquarie reFleXion Trusts investment before or at Maturity. See the relevant PDS and Variation invitation for details on why each of the Trusts will not match the performance of the particular varied Underlying Investment.

** The Net Return figure represents the indicative value that an investor could receive from a Macquarie reFleXion Trust, assuming the investor was able to redeem the investment on the valuation date above at the Unit Value indicated, less the indicative amount the client would be required to repay on their Investment Loan. If the investor has funded their first years interest payment with an Interest Loan the Net Return may be higher or lower than reported. The Net Return takes into account movements in Foreign Exchange rates since the relevant Unit Issue Date. The Net Return does not include distributions paid.

June 2006 Variation

  Japan Trust China Trust Emerging
Markets Trust 		Europe Trust
Varied Underlying Investment S&P/
ASX200 		Merrill Lynch
China Dragon Index 		MSCI Emerging
Markets Index 		EURO
STOXX 50® Index
Reset Level        
New Initial Investment Level^        
Underlying Index Level        
Underlying Investment Return* from Variation Start Date        
Variation Cap (as a % of the Initial Investment Amount)        
Unit Value        
Loan Value for Floating Rate Investors        
Net Return for Floating Rate Investors**        
Current FX Rate        
         
Loan Value for Semi-Fixed Rate Investors        
Net Return for Semi-Fixed Rate Investors**        

^ This is the average of the closing level varied Underlying Investment on the 15 July 2009, 30 September 2009, 31 December 2009 and 31 March 2010. This will be notified on the reFleXion website.

* The performance of the varied Underlying Investment may not match the performance of the Variation Units in the Macquarie reFleXion Trusts investment before or at Maturity. See the relevant PDS and Variation invitation for details on why each of the Trusts will not match the performance of the particular varied Underlying Investment.

** The Net Return figure represents the indicative value that an investor could receive from a Macquarie reFleXion Trust, assuming the investor was able to redeem the investment on the valuation date above at the Unit Value indicated, less the indicative amount the client would be required to repay on their Investment Loan. If the investor has funded their first years interest payment with an Interest Loan the Net Return may be higher or lower than reported. The Net Return takes into account movements in Foreign Exchange rates since the relevant Unit Issue Date. The Net Return does not include distributions paid.

 

 

Important information

This information has been prepared by Macquarie Financial Products Management Limited (MFPML) ABN 38 095 135 694, AFS Licence 237847 and is current as at 31 August 2009. Some of the information on this web page may be based on information provided by Merrill Lynch (Australia) Futures Limited (Merrill Lynch) or Macquarie Bank Limited (the entities providing the Index Linked Swap through which MFPML (as responsible entity of each Macquarie reFleXion Trust) obtains exposure to the Underlying Investments). Capitalised terms used have the same meaning as in the relevant Product Disclosure Statement (PDS) for each offer of the Macquarie reFleXion Trusts.

The June 2009 invitation to apply for units in the Macquarie reFleXion Trusts was made by MFPML in the PDS dated 27 April 2009 (June 2009 Offer). This offer is now closed. In deciding whether to acquire or continue to hold an investment, an investor should obtain a copy of the PDS and consider its contents. The PDS is available by phoning 1800 080 033.

This web page is general advice and does not take account of your objectives, financial situation or needs. Before taking any action based upon the information on this web page, you should consider the appropriateness of its contents having regard to your personal situation. We recommend you obtain financial, legal and taxation advice before making any financial investment decision. Past performance is not a reliable indication of future performance.

MFPML does not give, nor does it purport to give, any taxation advice. Any taxation discussion in this document is based on laws current at the time of writing. Those laws and the level of taxation may change. The application of taxation laws to each investor depends on that investor’s individual circumstances. Accordingly, you should seek independent professional advice on taxation implications before making any investment decisions.

MFPML or its associates, officers or employees may have interests in the financial products referred to in this information by acting in various roles including as investment adviser, underwriter or dealer, holder of principal positions, broker or lender. MFPML or its associates may receive fees, brokerage or commissions for acting in those capacities. In addition, MFPML or its associates, officers or employees may buy or sell the financial products as principal or agent and as such may effect transactions which are not consistent with any recommendations in the information.

To the extent permitted by law neither MFPML, Macquarie Bank Limited nor any Macquarie Group company or any of their officers, employees or agents give any representation or warranty as to the accuracy, completeness or timeliness of the calculations. Neither Macquarie Bank Limited nor MFPML accepts responsibility for error or misstatements on this web page, negligent or otherwise. This information may be based on assumptions or market conditions and may change at any time without notice.

Investments in the Macquarie reFleXion Trusts are not deposits with, or other liabilities of Macquarie Bank Limited (MBL) or of any other Macquarie Group company and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. Neither MBL nor any other members of the Macquarie Group guarantees any particular rate of return on, or the performance of, the Macquarie reFleXion Trusts, nor do they guarantee the repayment of capital from the Macquarie reFleXion Trusts.

reFleXion® and Threshold Management® are registered trademarks owned by MFPML.