Australian Fiduciaries Limited

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

provide financial product advice to retail and wholesale clients for the following classes of financial products:

deposit and payment products limited to:

basic deposit products;

deposit products other than basic deposit products;

derivatives;

foreign exchange contracts;

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

interests in managed investment schemes excluding investor directed portfolio services;

securities; and

superannuation;

provide financial product advice to wholesale clients only for the following classes of financial products:

standard margin lending facility;

deal in a financial product by:

issuing, applying for, acquiring, varying or disposing of a financial product to retail and wholesale clients in respect of the following classes of financial products:

derivatives;

foreign exchange contracts;

interests in managed investment schemes limited to:

own managed investment scheme only; and

securities; and

applying for, acquiring, varying or disposing of a financial product to retail and wholesale clients 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;

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

interests in managed investment schemes excluding investor directed portfolio services;

securities;

standard margin lending facility; and

superannuation;

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

"Global SRI Multi-Strategy Fund" scheme (ARSN: 603 285 801),

a scheme which only holds the following types of property:

derivatives;

financial assets; and

"Global SRI All Seasons Fund" scheme (ARSN: 629 361 600),

a scheme which only holds the following types of property:

derivatives;

financial assets; and

"Global SRI Ethical Alpha Fund" scheme (ARSN: 629 361 315),

a scheme which only holds the following types of property:

derivatives;

financial assets; and

provide the following custodial or depository services to retail and wholesale clients:

operate custodial or depository services other than investor directed portfolio services;