Maple-Brown Abbott Fact Sheet

Australian Equity Trust 31 July 2009

Investment Objective Facts
The investment objective for the Trust is to outperform the Benchmark S&P/ASX 300 Accumulation Index
benchmark over rolling four year periods. Inception date 31 December 1992
Unit Prices Application: AUD 1.3276
Redemption: AUD 1.3218
Performance Commentary Value of AUD 100 invested at inception
The Trust had a positive return of 8.6% in AUD terms for the (including distributions)
month, outperforming the benchmark by 1.3%. Stock selection
contributed 1.5% relative to the benchmark, while the cash 12 00
holding detracted 0.2% in a rising equity market.
10 00
The Australian equity market (S&P/ASX 300 Accumulation Index)
increased 7.3%, reaching its highest level since October 2008. 8 00
Markets continue to be buoyant, led by a stronger than expected
US reporting season and better than expected global economic 6 00
data. In Australia the equities market was led by strong gains in
4 00
cyclical sectors including Consumer Discretionary (9.3%),
Industrials (9.9%) and Materials (9.5%). The Westpac-Melbourne 2 00
Institute Consumer Sentiment Index rose 9.3% in July and the
Index has now increased 23.2% over the last 2 months, its highest 0
two month return since inception of the survey. Consistent with Dec-92 Dec-95 Dec-98 Dec-01 Dec-0 4 Dec-07
gains in commodities prices (CRB Commodity Index increased
M aple-B ro wn A bb ot t A ust ralian Eq uit y Trust B enchmark
3.0% in USD terms) and the improving outlook on the Australian
economy, the Australian Dollar rose 3.6% against the US (from
80.7 cents to 83.6 cents).

Key contributors during the month included our positions in

Fairfax Media (overweight), CSL (not held) and BlueScope Steel
(overweight). Detractors from performance were Brambles
(overweight), Commonwealth Bank of Australia (not held) and
Stockland (overweight).
Performance Sector Weights vs. Benchmark
% Returns
Consumer Disc r et ionar y
Trust % Benchmark %
Consumer St aples
Since Inception p.a. 13.0 10.5
Four Years p.a. 4.6 3.6 Telec ommunic at ion Ser v ic es

Three Years p.a. 1.5 -1.0 Healt h Car e

One Year -2.9 -10.3 Indust r ials
Three Months 13.5 13.2
Inf or mat ion Tec hnology
One Month 8.6 7.3
Ut ilit ies
The Trust's performance is based on the movement in capital value per unit plus
accrued income and prior distributions paid and is before tax and after all fees and Pr oper t y Tr ust s
charges. Imputation credits are not included in the performance figures.
Ener gy
Risk Measures Financ ials ex - Pr oper t y Tr ust s
Trust Benchmark
Mat er ials
Annualised Monthly Volatility* 12.2% 13.2%
Tracking Error (ex-ante) 4.2 - 15 - 10 -5 0 5 10

Beta vs Benchmark 0.9

*Since inception Sect o r Over/ Und erweig ht s (%)

Value and Balance Sheet Characteristics Significant Holdings*

As at 30 June 2009 Australia & New Zealand Banking Gp
Trust Market Overall* BHP Billiton
Brambles
Price:Earnings Ratio 11.9 12.6
Foster's Group
Price:Cash Flow Ratio 7.9 8.8
National Australia Bank
Price:Net Tangible Assets Ratio 1.6 2.0
News Corporation, Inc.
Grossed up Dividend Yield 7.2% 6.4% Rio Tinto
Balance Sheet Strength** 0.22 0.30 Telstra Corporation
Growth in Earnings per Share 14.7% 9.6% Wesfarmers#
(estimated 2010-2013, % p.a.)
*Represents our quantitative data which includes 97.0% of the index
Westpac Banking Corporation
*Alphabetical order
weight of the stocks in the Benchmark, plus non-Benchmark stocks.
#Combination of ordinary and price protected shares.
**Cash Flow/Total Liabilities
The significant holdings made up 56.9% of the market value of equities in the Trust.
The figures shown above are based on 2010 estimates.

Before deciding to invest in the Trust, you should read the PDS issued by Maple-Brown
Abbott Limited available in hard copy or on our website Contact Details: Tim Hordern
www.maple-brownabbott.com.au. An investment in the Trust can be made only by Email: invest@maple-brownabbott.com.au
completing and lodging the relevant application form attached to the PDS. Please note Telephone: +61 2 8226 6220
that past performance is not a reliable indicator of future performance. Returns are Facsimile: +61 2 8226 6201
volatile and may fluctuate quickly and significantly. This fact sheet does not constitute Website: www.maple-brownabbott.com.au
advice and you should consider whether the financial product is appropriate for you.

Maple-Brown Abbott Limited, Level 30, 20 Bond Street, SYDNEY NSW 2000
ABN 73 001 208 564, AFSL No. 237296, RSE Licence No. L0000130
 Maple-Brown Abbott Fact Sheet
Australian Equity PST 31 July 2009
Investment Objective Facts
The investment objective for the Trust is to outperform the Benchmark S&P/ASX 300 Accumulation Index
benchmark over rolling four year periods. Inception date 4 January 2001
Unit Prices Application: AUD 2.0603
Redemption: AUD 2.0514
Performance Commentary Value of AUD 100 invested at inception
The Trust had a positive return of 8.7% in AUD terms for the month,
outperforming the benchmark by 1.4%. As this Trust only invests in
the Maple-Brown Abbott Australian Equity Trust (AET), the following
commentary relates to the investment and performance of that Trust.

The AET had a positive return of 8.6% in AUD terms for the month,
outperforming the benchmark by 1.3%. Stock selection contributed
1.5% relative to the benchmark, while the cash holding detracted 0.2% 33 0
in a rising equity market. The Australian equity market (S&P/ASX 300
Accumulation Index) increased 7.3%, reaching its highest level since 28 0
October 2008. Markets continue to be buoyant, led by a stronger than
expected US reporting season and better than expected global
23 0
economic data. In Australia the equities market was led by strong
gains in cyclical sectors including Consumer Discretionary (9.3%),
Industrials (9.9%) and Materials (9.5%). The Westpac-Melbourne 18 0
Institute Consumer Sentiment Index rose 9.3% in July and the Index
has now increased 23.2% over the last 2 months, its highest two 13 0
month return since inception of the survey. Consistent with gains in
commodities prices (CRB Commodity Index increased 3.0% in USD 80
terms) and the improving outlook on the Australian economy, the Jan-0 1 Jan-0 2 Jan-0 3 Jan-04 Jan-0 5 Jan-06 Jan-0 7 Jan-08 Jan-09
Australian Dollar rose 3.6% against the US (from 80.7 cents to 83.6
cents). The Reserve Bank of Australia (RBA) left the cash rate M ap le-B rown A b bo t t A ust Eq PST B enchmark
unchanged at 3.0%, leaving room for the RBA to cut interest rates
further if required at a later stage.

Key contributors during the month included our positions in Fairfax

Media (overweight), CSL (not held) and BlueScope Steel (overweight).
Detractors from performance were Brambles (overweight),
Commonwealth Bank of Australia (not held) and Stockland
(overweight).
Performance Sector Weights vs. Benchmark (AET)
% Returns Consumer Discretionary
Trust % Benchmark %
Consumer Staples
Since Inception p.a. 8.8 7.4
Telecommunication Services
Four Years p.a. 5.0 3.6
Health Care
Three Years p.a. 2.1 -1.0
Industrials
One Year -1.5 -10.3
Three Months 13.6 13.2 Information Technology

One Month 8.7 7.3 Utilities

he Trust's performance is based on the movement in net asset value per unit which Property Trusts
includes all fees and charges and full provision for income tax and capital gains tax on Energy
both realised and unrealised capital gains. AET performance is based on the movemen
Financials ex-Property Trusts

Risk Measures (AET) Materials

AET Benchmark -15 -10 -5 0 5 10
Annualised Monthly Volatility* 12.2% 13.2%
Tracking Error (ex-ante) 4.2 Sector Over/Underweights (%)
Beta vs Benchmark 0.9
*Since inception

Value and Balance Sheet Characteristics (AET) Significant Holdings* (AET)

As at 30 June 2009
Australia & New Zealand Banking Gp
Trust % Benchmark % BHP Billiton
Price:Earnings Ratio 11.9 12.6 Brambles
Price:Cash Flow Ratio 7.9 8.8 Foster's Group
Price:Net Tangible Assets Ratio 1.6 2.0 National Australia Bank
Grossed up Dividend Yield 7.2% 6.4% News Corporation, Inc.
Balance Sheet Strength** 0.22 0.30 Rio Tinto
Telstra Corporation
Growth in Earnings per Share 14.7% 9.6%
(estimated 2010-2013, % p.a.) Wesfarmers#
*Represents our quantitative data which includes 97.0% of the index Westpac Banking Corporation
weight of the stocks in the Benchmark, plus non-Benchmark stocks. *Alphabetical order.
**Cash Flow/Total Liabilities #Combination of ordinary and price protected shares.

The figures shown above are based on 2010 estimates. The significant holdings made up 56.9% of the market value of equities in the AET.
Before deciding to invest in the Trust, you should read the PDS issued by Maple-Brown
Abbott Limited available in hard copy or on our website Contact Details: Tim Hordern
www.maple-brownabbott.com.au. An investment in the Trust can be made only by Email: invest@maple-brownabbott.com.au
completing and lodging the relevant application form attached to the PDS. Please note Telephone: +61 2 8226 6220
that past performance is not a reliable indicator of future performance. Returns are Facsimile: +61 2 8226 6201
volatile and may fluctuate quickly and significantly. This fact sheet does not constitute Website: www.maple-brownabbott.com.au
advice and you should consider whether the financial product is appropriate for you.
The ABN for the Trust is 38 466 810 167.

Maple-Brown Abbott Limited, Level 30, 20 Bond Street, SYDNEY NSW 2000
ABN 73 001 208 564, AFSL No. 237296, RSE Licence No. L0000130
 Maple-Brown Abbott Fact Sheet
Australia Plus Asia Trust 31 July 2009
Investment Objective Facts
The investment objective for the Trust is to outperform the Benchmark S&P/ASX 300 Accumulation Index
Benchmark over rolling four year periods. Inception date 20 December 2005
Unit Prices Application: 0.8207
Redemption: 0.8165
Performance Commentary Value of AUD 100 invested at inception
The Trust had a positive return of 9.9% in AUD terms for the month, (including distributions)
outperforming the benchmark by 2.6%. Stock selection contributed 2.8%
relative to the benchmark, while the cash holding detracted 0.2% in a
rising equity market.
170
The Australian equity market (S&P/ASX 300 Accumulation Index) 160
increased 7.3% during the month, reaching its highest level since October
150
2008. Markets continue to be buoyant, led by a stronger than expected
US reporting season and better than expected global economic data. In 140
Australia the equities market was led by strong gains in cyclical sectors 130
including Consumer Discretionary (9.3%), Industrials (9.9%) and Materials
(9.5%). The Westpac-Melbourne Institute Consumer Sentiment Index rose 120
9.3% in July and the Index has now increased 23.2% over the last 2 110
months, its highest two month return since inception of the survey.
100
Consistent with gains in commodities prices (CRB Commodity Index
increased 3.0% in USD terms) and the improving outlook on the 90
Australian economy, the Australian Dollar rose 3.6% against the US (from 80
80.7 cents to 83.6 cents). Dec-05 Jun-06 Dec-06 Jun-07 Dec-07 Jun-08 Dec-08 Jun-09

Key contributors during the month included our positions in Samsung M aple-B ro wn A bb ot t A ust ralia Plus A sia Trust B enchmark
Electronics Co Pref (overweight), BlueScope Steel (overweight) and CSL
(not held). Detractors from performance were Brambles (overweight),
Commonwealth Bank of Australia (not held) and BHP Billiton
(underweight).

Performance AUD Risk Measures

Trust % Benchmark % Trust Benchmark
Since Inception p.a. 2.0 1.7 Annualised Monthly Volatility* 14.7% 16.7%
Three Years p.a. 0.2 -1.0 Tracking Error (ex-ante) 4.8
Two Years p.a. -9.3 -13.2 Beta vs Benchmark 0.9
One Year -3.2 -10.3 *Since inception
Three Months 16.9 13.2
One Month 9.9 7.3
Trust performance is based on the movement in net asset value per unit plus
distributions and is before tax and after all fees and charges. Imputation and foreign
tax credits are not included in the performance figures.

Asset Allocation Sector Weights vs. Benchmark

Consumer Discretionary

Telecommunication Services
Consumer Staples
Industrials
Australian Equities 80.5 %
Information Technology
Utilities
Asian Equities 16.9 %
Property Trusts

Health Care
Liquidity 2.6 %
Energy
Financials ex-Property Trusts

Materials

-15 -10 -5 0 5 10 15

Sector Over/Underweights (%)

Value and Balance Sheet Characteristics Significant Holdings*

As at 30 June 2009 Australia & New Zealand Banking Gp
Trust % Market Overall* BHP Billiton
Price:Earnings Ratio 11.8 12.6 Brambles
Price:Cash Flow Ratio 7.5 8.8 Foster's Group
Price:Net Tangible Assets Ratio 1.5 2.0 National Australia Bank
Grossed up Dividend Yield 6.7% 6.4% News Corporation, Inc.
Balance Sheet Strength** 0.28 0.30 Rio Tinto
Growth in Earnings per Share 14.8% 9.6% Suncorp-Metway
(estimated 2010-2013, % p.a.) Telstra Corporation
*Represents our quantitative data which includes 97.0% of the index Wesfarmers#
weight of the stocks in the Benchmark, plus non-Benchmark stocks. *Alphabetical order
**Cash Flow/Total Liabilities #Combination of ordinary and price protected shares.

The figures shown above are based on 2010 estimates. The significant holdings made up 54.4% of the market value of equities in the Trust.

Before deciding to invest in the Trust, you should read the PDS issued by Maple-Brown
Abbott Limited available in hard copy or on our website Contact Details: Tim Hordern
www.maple-brownabbott.com.au. An investment in the Trust can be made only by Email: invest@maple-brownabbott.com.au
completing and lodging the relevant application form attached to the PDS. Please Telephone: +61 2 8226 6220
note that past performance is not a reliable indicator of future performance. Returns Facsimile: +61 2 8226 6201
are volatile and may fluctuate quickly and significantly. This fact sheet does not Website: www.maple-brownabbott.com.au
constitute advice and you should consider whether the financial product is
appropriate for you.
Maple-Brown Abbott Limited, Level 30, 20 Bond Street, SYDNEY NSW 2000
ABN 73 001 208 564, AFSL No. 237296, RSE Licence No. L0000130
 Maple-Brown Abbott Fact Sheet
Asian Investment Trust 31 July 2009
Investment Objective Facts
The investment objective for the Trust is to outperform the Benchmark MSCI AC Asia ex-Japan (AUD)
Benchmark over rolling four year periods. Inception date 25 October 2002
Unit Prices Application: 1.1614
Redemption: 1.1480
Performance Commentary AUD Value of AUD 100 invested at inception
The Trust had a positive return of 11.6% in AUD terms for the month, (including distributions)
outperforming the benchmark by 1.7%. Stock selection contributed 28 0
2.3% relative to the benchmark, while the cash holding detracted 0.6% 26 0
in a rising equity market.
24 0
22 0
Asian equity markets continued to rebound strongly during July,
buoyed by typically better than expected economic and corporate 20 0
data both within Asia and elsewhere. In US dollar terms the region has 18 0
now gained 91.9% from its lows in October last year yet it remains 16 0
33.8% below its record levels from 2007. 14 0
12 0
Key contributors during the month included our positions in KB
10 0
Financial Group (overweight), New World Development (overweight)
and PT Telekomunikasi Indonesia (overweight). Detractors from 80
performance were China Mobile (overweight), PTT Public Company Oct -02 Oct -0 3 Oct -0 4 Oct -0 5 Oct -0 6 Oct -0 7 Oct -0 8
(overweight) and Reliance Infrastructure (overweight). M ap le-B rown A b bo t t A sian Invest ment Trust B enchmark

Performance AUD Risk Measures AUD

Trust % Benchmark % Benchmark
Since Inception p.a. 12.4 9.9 Trust
Four Years p.a. 6.6 8.0 Annualised Monthly Volatility* 17.2% 17.5%
Three Years p.a. 2.6 5.3 Tracking Error (ex-ante) 4.6
One Year 8.5 5.8 Beta vs Benchmark 1.0
*Since inception
Three Months 23.6 15.4
One Month 11.6 9.9
Trust performance is based on the movement in net asset value per unit plus
distributions and is before tax and after all fees and charges. Foreign tax credits are
not included in the performance figures.

Sector Weights vs. Benchmark Country Weights vs. Benchmark

Consumer Discretionary Hong Kong

Telecommunication Services Thailand

Energy South Korea

Indonesia
Health Care
Singapore
Utilities
Philippines
Consumer Staples
Malaysia
Industrials
India
Information Technology
Taiwan
Financials
China
Materials
-10 -8 -6 -4 -2 0 2 4 6 8
-6 -4 -2 0 2 4 6
Country Over/Underweights (%)

Sector Over/Underweights (%)

Value and Balance Sheet Characteristics Significant Holdings*

As at 30 June 2009 China Construction Bank
Trust Market China Mobile
Overall* DBS Group Holdings
Price:Earnings Ratio 11.5 13.9 Hon Hai Precision Industries Company
Price:Cash Flow Ratio 7.4 8.9 Hutchison Whampoa
Price:Net Tangible Assets Ratio 1.3 1.6 KB Financial Group
Dividend Yield 3.3% 2.9% PetroChina Company - H Share
Balance Sheet Strength** 0.52 0.37 Samsung Electronics Co#
*Represents our quantitative data which includes 90.8% of the index Singapore Telecommunications
weight of the stocks in the Benchmark, plus non-Benchmark stocks.
**Cash Flow/Total Liabilities Taiwan Semiconductor Manufact. Co
*Alphabetical order
The figures shown above are based on 2010 estimates. #Preference shares only.

The significant holdings made up 39.4% of the market value of equities in the Trust.

Before deciding to invest in the Trust, you should read the PDS issued by Maple-Brown
Abbott Limited available in hard copy or on our website www.maple- Contact Details: Tim Hordern
brownabbott.com.au. An investment in the Trust can be made only by completing and Email: invest@maple-brownabbott.com.au
lodging the relevant application form attached to the PDS. Please note that past Telephone: +61 2 8226 6220
performance is not a reliable indicator of future performance. Returns are volatile and Facsimile: +61 2 8226 6201
may fluctuate quickly and significantly. This fact sheet does not constitute advice and Website: www.maple-brownabbott.com.au
you should consider whether the financial product is appropriate for you.

Maple-Brown Abbott Limited, Level 30, 20 Bond Street, SYDNEY NSW 2000
ABN 73 001 208 564, AFSL No. 237296, RSE Licence No. L0000130
 Maple-Brown Abbott Fact Sheet
Asia Pacific Trust 31 July 2009
Investment Objective Facts
The investment objective for the Trust is to outperform the Benchmark MSCI AC Asia Pacific ex-Japan (AUD)
Benchmark over rolling four year periods. Inception date 31 March 2004
Unit Prices Application: 0.9959
Redemption: 0.9863
Performance Commentary AUD Value of AUD 100 invested at inception
The Trust had a positive return of 11.4% in AUD terms for the month, (including distributions)
outperforming the benchmark by 2.2%. Stock selection contributed 240
2.5% relative to the benchmark, while the cash holding detracted 0.3%
220
in a rising equity market.
200
Asia Pacific equity markets continued to rebound strongly during July,
180
buoyed by typically better than expected economic and corporate data
both within Asia and elsewhere. In US dollar terms the region has now 160
gained 84.7% from its lows in November last year yet it remains 35.2%
140
below its record levels from 2007.
120
Key contributors during the month included our positions in New 100
World Development (overweight), KB Financial Group (overweight) and
Gome Electrical Appliances (overweight). Detractors from performance 80
were PTT Public Company (overweight), China Mobile (overweight) and M ar-04 M ar-05 M ar-06 M ar-07 M ar-08 M ar-09
Reliance Infrastructure (overweight). M aple-Brown Abbott Asia Pacif ic Trust Benchmark

Performance AUD Risk Measures AUD

Trust % Benchmark % Trust Benchmark
Since Inception p.a. 11.1 9.6 Annualised Monthly Volatility* 15.3% 15.8%
Four Years p.a. 6.2 6.5 Tracking Error (ex-ante) 4.4
Three Years p.a. 1.9 3.3 Beta vs Benchmark 1.0
One Year 2.9 1.5 *Since inception
Three Months 20.9 14.6
One Month 11.4 9.2
Trust performance is based on the movement in net asset value per unit plus
distributions and is before tax and after all fees and charges. Imputation and foreign
tax credits are not included in the performance figures.

Sector Weights vs. Benchmark Country Weights vs. Benchmark

Consumer Discr et ionar y Hong Kong

Thailand
Telecommunicat ion Services
South Korea
Ener gy
Malaysia
Consumer St aples Singapore

Ut ilit ies Philippines

Inf or mat ion Technology Indonesia

New Zealand
Indust rials
India
Healt h Car e
Australia
Financials Taiwan

Mat erials China

-10 -8 -6 -4 -2 0 2 4 6 8 10 -8 -6 -4 -2 0 2 4 6 8 10

Country Over/Underweights (%)

Sector Over/Underweights (%)

Value and Balance Sheet Characteristics Significant Holdings*

As at 30 June 2009 Australia & New Zealand Banking Gp
Trust Market Overall* China Mobile
Price:Earnings Ratio 11.4 13.7 DBS Group Holdings
Price:Cash Flow Ratio 7.3 8.9 Hutchison Whampoa
Price:Net Tangible Assets Ratio 1.3 1.7 KB Financial Group
Dividend Yield 3.7% 3.2% Lotte Shopping Co
Balance Sheet Strength** 0.45 0.36 National Australia Bank
*Represents our quantitative data which includes 92.9% of the index Rio Tinto
weight of the stocks in the Benchmark, plus non-Benchmark stocks. Samsung Electronics Co#
**Cash Flow/Total Liabilities
Wesfarmers
The figures shown above are based on 2010 estimates. *Alphabetical order
#Preference shares only.

The significant holdings made up 32.9% of the market value of equities in the Trust.

Before deciding to invest in the Trust, you should read the PDS issued by Maple-Brown
Abbott Limited available in hard copy or on our website Contact Details: Tim Hordern
www.maple-brownabbott.com.au. An investment in the Trust can be made only by Email: invest@maple-brownabbott.com.au
completing and lodging the relevant application form attached to the PDS. Please note Telephone: +61 2 8226 6220
that past performance is not a reliable indicator of future performance. Returns are Facsimile: +61 2 8226 6201
volatile and may fluctuate quickly and significantly. This fact sheet does not constitute Website: www.maple-brownabbott.com.au
advice and you should consider whether the financial product is appropriate for you.

Maple-Brown Abbott Limited, Level 30, 20 Bond Street, SYDNEY NSW 2000
ABN 73 001 208 564, AFSL No. 237296, RSE Licence No. L0000130
 Maple-Brown Abbott Fact Sheet
Diversified Investment Trust 31 July 2009
Investment Objective Facts
The investment objective for the Trust is to provide a superior rate of Benchmark Morningstar Multisector Growth Market Index
return to the benchmark over rolling three year periods. The Inception date 31 May 1988
benchmark is the average of similar balanced funds managed by other Unit Prices Application: 1.8504
investment managers. Redemption: 1.8434
Performance Value of AUD 100 invested at inception
Trust % Benchmark* % 900

Since Inception p.a. 9.9 N/A 800

Ten Years p.a. 6.5 3.9 700
Five Years p.a. 5.4 3.8 600
Three Years p.a. 0.5 -3.2
500
One Year -1.4 -7.3
Three Months 8.9 6.8 400

One Month 5.8 4.5 300

The Trust's performance is based on the movement in net asset value per unit plus 200
distributions and is before tax and after all fees and charges. Imputation and foreign
tax credits are not included in the performance figures. 100
Dec-88 Dec-91 Dec-94 Dec-97 Dec-00 Dec-03 Dec-06
*The benchmark to 31 May 2008 is the Standard & Poor's Multisector 80 Wholesale
Index and from 1 June 2008 is the Morningstar Multisector Growth Market Index. Maple-Brown Abbott DIT Benchmark

Asset Allocation Overseas Equities Weightings

(Regional)
A sia excluding Japan
16.1 %
Fixed Interest 14.8 %
Euro pe
Property Trusts 6.9 % 31.3 %

No rt h A merica
Australian Equities 46.1 31.1 %
%
Overseas Equities 21.1 Japan
18.0 %
%
Liquidity 11.1 % Ot her
3 .5 %

0 5 10 15 20 25 30 35

Overseas W eig ht s (%)

Value and Balance Sheet Characteristics Significant Holdings*

(Australian Equities) (Australian Equities)
As at 30 June 2009 Australia & New Zealand Banking Gp
Trust Market Overall* BHP Billiton
Price:Earnings Ratio 12.1 12.6 Brambles
Price:Cash Flow Ratio 7.8 8.8 Foster's Group
Price:Net Tangible Assets Ratio 1.7 2.0 National Australia Bank
Grossed up Dividend Yield 7.1% 6.4% News Corporation, Inc.
Rio Tinto
Balance Sheet Strength** 0.22 0.30
Telstra Corporation
Growth in Earnings per Share 15.4% 9.6% Wesfarmers#
(estimated 2010-2013, % p.a.)
Westpac Banking Corporation
*Represents our quantitative data which includes 97.0% of the index weight of the *Alphabetical order
stocks in the Benchmark, plus non-Benchmark stocks. #Combination of ordinary and price protected shares.
**Cash Flow/Total Liabilities
The significant holdings made up 61.1% of the market value of Australian equities in the
The figures shown above are based on 2010 estimates. Trust.

Performance Commentary
The Trust returned 5.8% for the month, outperforming the average manager by 1.3%. The S&P/ASX 300 Accumulation Index increased 7.3%, reaching its
highest level since October 2008. Markets continue to be buoyant, led by a stronger than expected US reporting season and better than expected global
economic data. In Australia the equities market was led by strong gains in cyclical sectors including Consumer Discretionary (9.3%), Industrials (9.9%) and
Materials (9.5%). The Westpac-Melbourne Institute Consumer Sentiment Index rose 9.3% in July and the Index has now increased 23.2% over the last 2
months, its highest two month return since inception of the survey. Consistent with gains in commodities prices (CRB Commodity Index increased 3.0% in
USD terms) and the improving outlook on the Australian economy, the Australian Dollar rose 3.6% against the US (from 80.7 cents to 83.6 cents). Global
equity markets (represented by the MSCI AC World Index) were stronger over the month, increasing 5.8% in AUD terms. Asia ex-Japan and Europe
outperformed the World Index, while the US and Japan underperformed for the month. The listed property trust sector increased 2.4% during July,
underperforming the broader Australian equity market by 4.9%. The industrial sector was the strongest performing property sector, increasing by 32.5%.
The fixed interest sector recorded a positive return of 0.3%.

In July, the Australian Equity portfolio increased 9.0%, outperforming the benchmark by 1.7%. Contributors to portfolio performance included our
overweight positions in Fairfax Media and BlueScope Steel as well as our zero weighting in CSL, while our overweight positions in Brambles and Tabcorp
Holdings together with our zero weighting in the Commonwealth Bank detracted from performance. The overseas equity portfolio increased 6.4% during
July, outperforming the AC World Index by 0.6%. The listed property trust portfolio increased 4.0% during the month, outperforming the benchmark by
1.6%. The fixed interest portfolio increased 0.4%, outperforming the benchmark by 0.1%.

Before deciding to invest in the Trust, you should read the PDS issued by Maple-Brown Contact Details: Tim Hordern
Abbott Limited available in hard copy or on our website Email: invest@maple-brownabbott.com.au
www.maple-brownabbott.com.au. An investment in the Trust can be made only by Telephone: +61 2 8226 6220
completing and lodging the relevant application form attached to the PDS. Please note Facsimile: +61 2 8226 6201
that past performance is not a reliable indicator of future performance. Returns are Website: www.maple-brownabbott.com.au
volatile and may fluctuate quickly and significantly. This fact sheet does not constitute
advice and you should consider whether the financial product is appropriate for you.

Maple-Brown Abbott Limited, Level 30, 20 Bond Street, SYDNEY NSW 2000
ABN 73 001 208 564, AFSL No. 237296, RSE Licence No. L0000130
 Maple-Brown Abbott Fact Sheet
Pooled Superannuation Trust 31 July 2009
Investment Objective Facts
The investment objective for the Trust is to outperform the Benchmark Mercer Investment Consulting Pooled Fund
benchmark over rolling three year periods. The benchmark is the Survey Arithmetic Mean
average of other pooled superannuation funds (as measured by Inception date 31 December 1986
independent consultants in standard industry surveys). Unit Prices Application: 9.1010
Redemption: 9.0664
Performance Value of AUD 100 invested at inception
Trust % Benchmark % 1200

Since Inception p.a. 10.3 N/A 1000

Ten Years p.a. 6.6 4.6
800
Five Years p.a. 5.5 4.2
Three Years p.a. 1.2 -2.0 600
One Year -0.4 -7.7
Three Months 7.5 7.7 400

One Month 4.7 4.7 200

The Trust’s performance is based on the movement in the net asset value per unit 0
which includes all fees and charges and full provision for income tax and capital gains
Dec-86 Dec-89 Dec-92 Dec-95 Dec-98 Dec-01 Dec-04 Dec-07
tax on both realised and unrealised capital gains.
Maple-Brown Abbott PST Benchmark

Asset Allocation Overseas Equities Weightings

(Regional)
Asia excluding Japan
Fixed Interest 19.0 % 16.1 %
Europe
Property Trusts 8.1 % 31.3 %
North America
Australian Equities 42.0 % 31.1 %
Japan
Overseas Equities 21.2 % 18.0 %
Other
Liquidity 9.7 % 3.5 %

0 5 10 15 20 25 30 35

Overseas Weights (%)

Value and Balance Sheet Characteristics Significant Holdings*

(Australian Equities) (Australian Equities)
As at 30 June 2009 Australia & New Zealand Banking Gp
Trust Market Overall* BHP Billiton
Price:Earnings Ratio 12.0 12.6 Brambles
Price:Cash Flow Ratio 7.8 8.8 Foster's Group
National Australia Bank
Price:Net Tangible Assets Ratio 1.7 2.0
News Corporation, Inc.
Grossed up Dividend Yield 7.1% 6.4%
Rio Tinto
Balance Sheet Strength** 0.23 0.30 Telstra Corporation
Growth in Earnings per Share 14.7% 9.6% Wesfarmers#
(estimated 2010-2013, % p.a.)
Westpac Banking Corporation
*Represents our quantitative data which includes 97.0% of the index
*Alphabetical order
weight of the stocks in the Benchmark, plus non-Benchmark stocks.
#Combination of ordinary and price protected shares.
**Cash Flow/Total Liabilities
The significant holdings made up 59.9% of the market value of Australian equities in the
The figures shown above are based on 2010 estimates. Trust.

Performance Commentary
The Trust increased 4.7% for the month, performing in line with the average manager. The S&P/ASX 300 Accumulation Index increased 7.3%, reaching its
highest level since October 2008. Markets continue to be buoyant, led by a stronger than expected US reporting season and better than expected global
economic data. In Australia the equities market was led by strong gains in cyclical sectors including Consumer Discretionary (9.3%), Industrials (9.9%) and
Materials (9.5%). The Westpac-Melbourne Institute Consumer Sentiment Index rose 9.3% in July and the Index has now increased 23.2% over the last 2
months, its highest two month return since inception of the survey. Consistent with gains in commodities prices (CRB Commodity Index increased 3.0% in
USD terms) and the improving outlook on the Australian economy, the Australian Dollar rose 3.6% against the US (from 80.7 cents to 83.6 cents). Global
equity markets (represented by the MSCI AC World Index) were stronger over the month, increasing 5.8% in AUD terms. Asia ex-Japan and Europe
outperformed the World Index, while the US and Japan underperformed for the month. The listed property trust sector increased 2.4% during July,
underperforming the broader Australian equity market by 4.9%. The industrial sector was the strongest performing property sector, increasing by 32.5%.
The fixed interest sector recorded a positive return of 0.3%.
In July, the Australian Equity portfolio increased 8.5%, outperforming the benchmark by 1.2%. Contributors to portfolio performance included our
overweight position in Fairfax Media as well as our zero weighting in CSL and QBE Insurance Group, while our overweight positions in Brambles and Origin
Energy together with our zero weighting in the Commonwealth Bank detracted from performance. The overseas equity portfolio increased 6.4% during
July, outperforming the AC World Index by 0.6%. The listed property trust portfolio increased 3.9% during the month, outperforming the benchmark by
1.5%. The fixed interest portfolio increased 0.4%, outperforming the benchmark by 0.1%.

Before deciding to invest in the Trust, you should read the PDS issued by Maple-Brown
Abbott Limited available in hard copy or on our website Contact Details: Tim Hordern
www.maple-brownabbott.com.au. An investment in the Trust can be made only by Email: invest@maple-brownabbott.com.au
completing and lodging the relevant application form attached to the PDS. Please note Telephone: +61 2 8226 6220
that past performance is not a reliable indicator of future performance. Returns are Facsimile: +61 2 8226 6201
volatile and may fluctuate quickly and significantly. This fact sheet does not constitute Website: www.maple-brownabbott.com.au
advice and you should consider whether the financial product is appropriate for you.
The ABN for the Trust is 89 672 954 462.

Maple-Brown Abbott Limited, Level 30, 20 Bond Street, SYDNEY NSW 2000
ABN 73 001 208 564, AFSL No. 237296, RSE Licence No. L0000130