Important Information: This material has been prepared by Magellan Asset Management Limited (‘Magellan’) (ABN 31 120 593 946, AFS Licence No 304 301). Units in the Airlie Australian Share Fund (‘Fund’) are issued by Magellan, who is also the responsible entity of the Fund.  The investment manager of the Fund is Airlie Funds Management Pty Limited (‘Airlie’).  Airlie is a wholly owned subsidiary of Magellan.  Past performance is not necessarily indicative of future results. This material has been provided for general information purposes and must not be construed as investment advice. It does not take into account the investment objectives, financial situation or particular needs of any particular person. Investors should consider obtaining professional investment advice tailored to their specific circumstances and should read the relevant Product Disclosure Statement (‘PDS’) applicable to the Fund prior to making any investment decisions. The PDS for the fund is available at www.airliefundsmanagement.com.au or can be obtained by calling 02 9235 4760. Any trademarks, logos, and service marks contained herein may be the registered and unregistered trademarks of their respective owners. No part of this material may be reproduced or disclosed, in whole or in part, without the prior written consent of Magellan.