INCEPTION DATE June 2011

ARSN 151 191 776

APIR CODE COL0029AU – AEF 5 COL0030AU – AEF 7COL0031AU – AEF 9

INVESTMENT STRATEGY Risk Targeted

MANAGEMENT FEE 1.28316%1

MINIMUM INVESTMENT Initial investment minimum: $15,000 Additional investment minimum: $5,000 Withdrawal minimum: $5,000

DISTRIBUTIONS Usually payable at the end of each half year (December and June) or more frequently at the Trustee’s discretion

RESPONSIBLE ENTITY The Trust Company (RE Services) Limited ABN 45 003 278 831 AFSL 235 150

UNIT PRICING Weekly

BUY / SELL SPREAD BUY SELL AEF 5 0.10% 0.10% AEF 7 0.10% 0.10% AEF 9 0.15% 0.15%

www.atriuminvest.com.au 1PRODUCT PROFILE | ATRIUM EVOLUTION SERIES - DIVERSIFIED FUND

A series of diversified portfolios that seek to provide investors with more consistent return outcomes than traditional industry approaches.

ATRIUM EVOLUTION SERIES DIVERSIFIED FUND

¹ This fee is estimated and is a %pa of the Net Asset Value of the relevant class, including GST less available RITC (Reduced Input Tax Credits).

WHO WE ARE Atrium Investment Management is a specialist manager of diversified portfolios for high net-worth clients, financial advisers, charities, institutions and family offices. Atrium has an emphasis on managing the risk in portfolios in order to deliver consistent investment outcomes.

ABOUT THE FUNDThe Atrium Evolution Series – Diversified Fund consists of a series of portfolios (AEF 5, AEF 7 & AEF 9) that are managed across three corresponding targeted risk limits. These portfolios seek to provide investors with a more consistent return outcome than the traditional industry approach to investment.

INVESTMENT OBJECTIVE The investment objective for each of the AEF 5, AEF 7 and AEF 9 Portfolios is to seek to maximise the return on the Portfolio while remaining within a pre-determined risk or volatility limit.

Targeted Risk / Volatility Limit

Suggested Min. Holding Period

AEF 5 5% pa 3 yearsAEF 7 7% pa 3-5 yearsAEF 9 9% pa 5+ years

OUR INVESTMENT PHILOSOPHYAtrium’s investment philosophy rests on the following three tenets:

• Seeking to preserve capital

• Focusing first on risk rather than returns

• Seeking a consistent positive return outcome

FUND PROFILE

ATRIUM EVOLUTION SERIES DIVERSIFIED FUND

Cash

Bonds - Aust

Bonds - Int

Term deposits

Shares - Aust

Shares - Int

Shares - Emerging Mkts

Shares - Small Cap

Listed property - Aust

Listed property - Int

Corporate Bonds

Commodities - Agricultural

Commodities - Metals

Currencies

Market Neutral Funds - Aust

Market Neutral Funds - Int

Global Macro Funds

Real Assets - Opportunistic

Real Assets - Value Add

Real Assets - Core Plus

Preservers Growth Drivers Diversifiers

BUILDING PORTFOLIOS THAT SMOOTH OUT VOLATILITYWhen constructing portfolios, our focus is on managing risk through our allocation to a wide array of investments. In this way, Atrium aims to build portfolios that are less susceptible to market volatility and therefore deliver more consistent return outcomes.

We design diversified portfolios that allocate to a wide variety of investments, based on an assessment of their value and contribution to total risk and return.

HOW WE INVESTOur approach is to invest in a diverse range of assets across different risk types. These risks broadly fall into three categories – Preservers, Growth Drivers and Diversifiers.

Each asset is included in the portfolio for its ability to contribute to returns on a stand-alone basis.

www.atriuminvest.com.au 2PRODUCT PROFILE | ATRIUM EVOLUTION SERIES - DIVERSIFIED FUND

Por

tfolio

val

ue

Investment timeframe

Atrium PortfolioMarket Portfolio

Illustrative portfolio volatility

Indicative asset allocation only. For actual asset allocation - see table on page 3.

As at 31 December 2016 Weights

Atrium Evolution Series - Diversified Fund AEF 5 AEF 7 AEF 9

Preservers

Cash 34.4% 22.4% 30.8%

Cash and Liquidity 34.4% 22.4% 30.8%

Fixed Income 24.8% 18.3% 0.0%

Sovereign Debt 1.8% 1.3% 0.0%

Investment Grade Credit 22.3% 16.5% 0.0%

Non-Investment Grade Credit 0.6% 0.5% 0.0%

Preservers Total 59.2% 40.7% 30.8%

Growth

Australian Equities 5.5% 13.3% 20.0%

Large Cap 2.5% 7.2% 11.4%

Mid Cap 0.6% 1.6% 2.5%

Small Cap 2.4% 4.4% 6.1%

International Equities 8.6% 19.3% 24.7%

Developed 8.5% 19.1% 24.4%

Emerging 0.1% 0.2% 0.2%

Growth Total 14.1% 32.5% 44.7%

The objective of the AEF 5, AEF 7 and AEF 9 portfolios is to seek to maximise returns while managing the volatility of each of the portfolios within a predetermined targeted risk limit.

ATRIUM EVOLUTION SERIES DIVERSIFIED FUND

www.atriuminvest.com.au 3PRODUCT PROFILE | ATRIUM EVOLUTION SERIES - DIVERSIFIED FUND

Diversifiers

Real Assets 4.2% 4.6% 3.9%

Direct Property - Core Plus 2.8% 2.6% 2.1%

Direct Property - Value Add 0.3% 0.3% 0.3%

Direct Property - Opportunistic 1.1% 1.7% 1.5%

Liquid Alternatives 22.5% 22.2% 20.6%

Market Neutral 15.2% 14.8% 13.9%

Soft Commodities 0.7% 0.8% 0.8%

Global Macro Trading 4.9% 4.9% 4.3%

CTA 1.6% 1.7% 1.5%

Diversifiers Total 26.7% 26.8% 24.5%

Portfolio Total 100.0% 100.0% 100.0%

As at 31 December 2016 Weights

Atrium Evolution Series - Diversified Fund AEF 5 AEF 7 AEF 9

ASSET ALLOCATION STRATEGY

Please note: The Manager seeks to actively manage the risks associated with foreign

currency and equity market exposures by utilising certain derivative instruments. These adjustments will be captured within the total exposures

within the table. Allocations within the portfolio can change at any time at the investment manager’s discretion. Numbers in the above tables may not add up

to 100% due to rounding.

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Real Assets

Fixed Income

Cash

Alternatives

Combined Equity

International Equities

Australian Equities

As at 31 December 2016

Hedges

Australian Equities Hedges -1.1% -1.3% -0.5%

International Equities Hedges 0.0% 0.0% 0.0%

Hedges Total -1.1% -1.3% -0.5%

IMPORTANT INFORMATION

The information in this document (Information) has been prepared by Atrium Investment Management Pty Limited (ABN 17 137 088 745, AFSL 338 634). The Trust Company (RE Services) Limited (ABN 45 003 278 831, AFSL 235 150) is the Responsible Entity of the Atrium Evolution Series – Diversified Fund (ARSN 151 191 776) (Fund). The Information is of a general nature only and does not take into account the objectives, financial situation or needs of any person. Before acting on the Information, investors should consider its appropriateness having regard to their own objectives, financial situation and needs and obtain professional advice. No liability is accepted for any loss or damage as a result of any reliance on the Information. Investors should consider the Fund’s Product Disclosure Statement (PDS) (available from www.atriuminvest.com.au) before making any investment decision. Past performance is not a reliable indicator of future performance. Future performance and return of capital is not guaranteed.

Level 6, Challis House, 4 Martin Place, Sydney NSW 2000

02 9248 8090

www.atriuminvest.com.au

www.atriuminvest.com.au 4PRODUCT PROFILE | ATRIUM EVOLUTION SERIES - DIVERSIFIED FUND

ATRIUM EVOLUTION SERIES DIVERSIFIED FUND