Tax components of distributions

and Subdivision 12-H advice

The Australian Ethical Managed Funds are withholding Managed Investment Trusts (“MIT”) for the purposes of Subdivision 12-H of Schedule 1 of the Taxation Administration Act 1953. A MIT that makes a “fund payment” must give to the recipient a notice to enable it to satisfy its MIT obligations under Subdivision 12-H. Cents per unit components for Other Australian Income or any TARP Realised Capital Gains displayed in the below notifications are “fund payments” pursuant to Subdivision 12-H of Schedule 1 of the Taxation Administration Act 1953. All Realised Capital Gains are Non-Taxable Australian Real Property (NTAP) capital gains prior to June 2016.