Aurora Funds Management Ltd

Aurora Sandringham Dividend Income Trust

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The Trust seeks to provide investors with dividend income plus franking credits through an exposure to predominantly the largest 30 companies trading on the ASX. A systematic risk management strategy is used to partially protect the Trust�s assets against adverse market movement and reduce the volatility of returns. The risk management strategy typically involves hedging around 65% of each investment using futures over the S&P/ASX 200 Index.

Aurora has appointed Sandringham Capital Pty Ltd to manage this investment strategy.

Trust Summary
Trust Structure	Units in a listed investment trust
ASX Listed	ASX Code: AOD
Liquidity	Units in the Trust may be bought or sold on the Australian Stock Exchange. or You may redeem your units off-market on a monthly basis.
Distributions	Payable quarterly
Distribution Reinvestment Plan	Is available
Investor Profile	Suited to investors who are seeking income with managed risk over the medium to long term.
Management Fee	1.025% (GST inclusive) per annum of the Trust's Net Asset Value.
Expense Recovery	0.3075% (GST inclusive) per annum of the Trust's Net Asset Value.
Performance Fee	20.5% (GST inclusive) of the annual performance over the RBA Cash rate.