DISCLAIMER

General Disclaimer

Torica Capital Pty Ltd (ABN 54 651 702 966), a corporate authorised representative (001295971) of Torica Financial Services Pty Ltd (ABN 66 660 187 397), who is a holder of an Australian Financial Services Licence (AFSL 540818) authorised to provide financial services to ‘wholesale clients’ only (both entities collectively referred to as ‘Torica’, ‘we’, ‘us’), operates this website.

The information contained on this website has been prepared for Wholesale investors (within the meaning of the Corporations Act 2001 Cth), and no other persons. Access to this information is provided on the condition that it is not passed on to any person who is a retail client within the meaning of the Corporations Act 2001 Cth.

The information on this website is intended for Australian residents only and may not comply with non-Australian law. The Information on this website is not intended for distribution to, or by, any person or entity in any jurisdiction or country where such distribution of use would be contrary to law or regulation, or which would subject Torica to any registration or other requirement within such jurisdiction or country.

This website may include information about financial products and services. Investments in any financial product or service detailed on this website may only be made in accordance with its applicable information memoranda (‘IM’) and/or product disclosure statements (‘PDS’) and its relevant Target Market Determination (‘TMD’). We strongly recommend that individuals read the IM and/or PDS and, if available, the TMD carefully and seek professional advice before making any investment decisions. A TMD is a document which describes who the financial product is likely to be appropriate for, and any conditions around how the product can be distributed to individuals. It also describes the events or circumstances where the TMD for the financial product may need to be reviewed. For the Torica Absolute Return Income Fund (‘Fund’), the PDS and TMD is available at www.toricacapital.com and should be read before making a decision in relation to any investment in the Fund. Torica Capital Pty Ltd is the investment manager of the Fund. Equity Trustees Limited (ABN 46 004 031 298) AFSL 240975 is the Responsible Entity of the Fund. Equity Trustees Limited is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT).

Torica Capital Pty Ltd has partnered with Clime Investment Management, and Mason Stevens Limited for distribution services related to the Fund, in consideration for distribution fees paid by Torica Capital Pty Ltd to these respective partners.

The information on this website does not constitute personal advice and is for general information purposes only. The information has been prepared without taking into account your personal objectives, financial situation or needs. It is therefore important that if you are considering investing in any financial products or services referred to on this website, you determine whether the relevant investment is suitable for your objectives, financial situation or needs. Individuals should seek independent advice from a suitably qualified professional and read the relevant offering document (including the risk factors) and any TMD document before making an investment decision about a financial product or service.

With regards to information and opinions contained in this website (whether prepared by Torica or a third party), no representation or warranty, expressed or implied, is given as to their accuracy, validity, timeliness, merchantability, fairness or completeness, or that the website is otherwise free from error, omission or other defect and individuals relying on this information do so at their own risk. Subject to any liability which cannot be excluded under the relevant laws, Torica and its related corporate bodies, its directors, employees, representatives, associates and agents disclaim all liability to any individuals relying on the information contained in this website in respect of any loss, damage, claim, liability, proceeding, cost, or expense (including consequential loss or damage), however caused, which may be suffered or arise directly or indirectly, whether in tort (including negligence), contract, equity or otherwise out of or in connection with or from the use of the information in this website. These disclaimers extend to any individuals that may distribute the information in this website. Individuals should make their own enquiries before making investment decisions.

Information and data in this website is not necessarily audited or independently verified. Any opinions reflect Torica’s judgment at this date and are subject to change. Torica has no obligation to provide revised assessments, update information or data in the event of changed circumstances. Any projections contained in this document are estimates only and may not be realised in the future.

We may provide hyperlinks and other pointers to websites operated by third parties. These linked websites are not under our control, and we are not responsible for the contents of any linked website or any hyperlink contained in a linked website. The inclusion of any link does not imply any endorsement of the linked website by us. You agree to access any such third party website entirely at your own risk. References to any third party information or data has also been provided without independent verification. To the extent permitted by law, no liability is accepted for any loss or damage (direct or indirect) due to reliance on this information.

Past performance is not a reliable indicator of future performance. All investments carry risks, including that the value of investments may vary, future returns may differ from past returns, and investment results are never guaranteed. We do not guarantee or underwrite the success of any investments, the achievement of investment objectives, the payment of particular rates of return on investments or the repayment of capital.

Except where necessary for viewing the documents or information on this website, or as permitted under the Copyright Act 1968 (Cth) or other applicable laws, no documents or information on this website may be reproduced, adapted, uploaded to a third party, linked to, framed, performed in public, distributed, stored, published, displayed or transmitted in any form by any process and you may not create derivative works from any part of this website or commercialise any information obtained from any part of this website without the specific written consent of us or, in the case of third party material, from the owner of the copyright in that material.

We are not liable for any loss or damage (including indirect or consequential loss or damage) from any cause to your system or website, or to people linking to this material from your website, caused by or in connection with the use or link to this material. Any such loss or damage (including indirect or consequential loss or damage) will be your responsibility. We advise you to take your own precautions in relation to protecting your system or website from malfunction or viruses.

You agree that your use of the website in any way, and reliance on any information contained on the website, is entirely at your own risk. To the full extent permitted by law, we exclude all liability for any loss or damage (including indirect or consequential loss or damage) you or any other person suffers in connection with your use of our website, including your reliance on any information contained on our website.

RESEARCH & RATINGS DISCLAIMER

Ratings are only one factor to be taken into account when deciding whether to invest in a financial product. Ratings are subject to change.

SQM Rating Disclaimer – The rating contained in this document is issued by SQM Research Pty Ltd (ABN: 93 122 592 036) on March 2025. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the PDS and TMD and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.

Morningstar Rating Disclaimer – Torica Absolute Return Income Fund received a 5 Star Morningstar Rating™ as at 31/03/2025. Overall Morningstar Rating™ out of 100 Unconstrained Fixed Income Funds as of 31/03/2025 © 2025 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. This report or data has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or New Zealand wholesale clients of Morningstar Research Ltd, subsidiaries of Morningstar, Inc. Any general advice has been provided without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant PDS and TMD before making any decision to invest. Morningstar’s publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Morningstar’s full research reports are the source of any Morningstar Ratings and are available from Morningstar or your adviser. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a financial adviser. The Morningstar Rating is an assessment of a fund’s past performance—based on both return and risk—which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision.