Vasco Responsible Entity Services Limited

This licence authorises the licensee to carry on a financial services business to:

provide general financial product advice for the following classes of financial products:

interests in managed investment schemes limited to:

own managed investment scheme only;

deal in a financial product by:

issuing, applying for, acquiring, varying or disposing of a financial product in respect of the following classes of financial products:

derivatives; and

interests in managed investment schemes limited to:

own managed investment scheme only; and

applying for, acquiring, varying or disposing of a financial product on behalf of another person in respect of the following classes of products:

deposit and payment products limited to:

basic deposit products;

deposit products other than basic deposit products;

derivatives;

foreign exchange contracts;

general insurance products;

debentures, stocks or bonds issued or proposed to be issued by a government;

interests in managed investment schemes excluding investor directed portfolio services; and

securities; and

operate the following kinds of registered managed investment schemes (including the holding of any incidental property) in its capacity as responsible entity:

"Amf Mortgage Income Scheme" scheme (ARSN: 166 066 842),

a scheme which only holds the following types of property:

mortgages;

"Ausfunds Fractional Property Investment Platform" scheme (ARSN: 623 862 662),

a scheme which only holds the following types of property:

direct real property limited to:

stable property trusts or syndicates; and

financial assets;

"Unikorn Property Fund" scheme (ARSN: 643 742 367),

a scheme which only holds the following types of property:

direct real property limited to:

stable property trusts or syndicates; and

financial assets;

"Pivotal Diversified Fund" scheme (ARSN: 653 359 445),

a scheme which only holds the following types of property:

derivatives;

direct real property limited to:

stable property trusts or syndicates; and

financial assets;

"First Trust Land Fund" scheme (ARSN: 653 537 930),

a scheme which only holds the following types of property:

direct real property limited to:

stable property trusts or syndicates; and

financial assets;

"35 Latitude Development Fund" scheme (ARSN: 620 185 266),

a scheme which only holds the following types of property:

direct real property limited to:

stable property trusts or syndicates; and

financial assets;

"Tanggram Investment Fund" scheme (ARSN: 632 672 336),

a scheme which only holds the following types of property:

financial assets;

"Certain Property Australia Fund" scheme (ARSN: 640 809 365),

a scheme which only holds the following types of property:

financial assets;

"The Calfer Property Fund" scheme (ARSN: 628 011 325),

a scheme which only holds the following types of property:

direct real property limited to:

stable property trusts or syndicates;

"Icam Duxton Port Infrastructure Retail Fund" scheme (ARSN: 635 727 507),

a scheme which only holds the following types of property:

direct real property limited to:

stable property trusts or syndicates; and

financial assets;

"Incentivise Investment Fund" scheme (ARSN: 657 944 100),

a scheme which only holds the following types of property:

direct real property limited to:

stable property trusts or syndicates; and

financial assets; and

schemes which only hold the following types of property:

mortgages;

to retail and wholesale clients.