Valuestream Investment Management Limited (ACN 094 107 034, AFSL 246621) is dedicated to providing quality investment products and services to fund managers, retail and wholesale investors.

Responsible Entity services

Valuestream is a licenced Responsible Entity and we are able to issue managed investment schemes on behalf of selected fund managers.

The service Valuestream offers is to provide access to, and management of, all the essential functions required to issue a managed investment scheme to retail and wholesale clients. These services include;

Fund accounting
Unit registry
Compliance services and compliance committee
Custody services
Product Disclosure Statement preparation
ASIC lodgements
Legal services
Auditor services
Insurance providers

Typically the cost of accessing these services separately stops many fund managers from issuing a retail or wholesale scheme. Valuestream can lower the barriers to entry to the market for many managers.

If you would like to discuss your RE service requirements please contact us.

Existing Clients

UBS Global Access Fund (ARSN: 130 791 338).

The UBS Global Access Fund is a new fund issued by Valuestream. UBS AG (ABN 47 088 129 613) provides the management and Deferred Purchase Agreement for the UBS Global Access Fund. Valuestream is the responsible entity of this Fund. To download the PDS or for more information follow the link below. Please note when you follow these links you will be entering the UBS AG website.

UBS Global Access Fund - Information and Unit Prices

Offers of units in the UBS Global Access Fund are only made in the Product Disclosure Statement (PDS) for the Fund. This Product Disclosure Statement (PDS) is available to download from UBS AG or in hard copy from Valuestream Investment Management Limited office free of charge. Anyone wishing to apply for units in the Fund will need to complete an Application Form included in the Product Disclosure Statement (PDS).

Please read the entire Product Disclosure Statement (PDS) before completing the Application Form.

Meme Australian Share Fund (ARSN:124 498 871).

Meme Capital (ABN 57 117 550 893) is boutique fund manager who uses a proprietary trend following trading style to manage the Meme Australian Share Fund. Valuestream is the responsible entity of this Fund. To download the PDS or for more information and the unit price history follow the link below. Please note when you follow these links you will be entering the Meme Capital website.

Meme Capital

Offers of units in the Meme Australian Share Fund are only made in the Product Disclosure Statement (PDS) for the Fund. This Product Disclosure Statement (PDS) is available to download from Meme Capital or in hard copy from Valuestream Investment Management Limited office free of charge. Anyone wishing to apply for units in the Fund will need to complete an Application Form included in the Product Disclosure Statement (PDS).

Please read the entire Product Disclosure Statement (PDS) before completing the Application Form.

Valuestream Australian Equities Fund (ARSN:097 580 955).

Please note a Supplementary PDS has been issued, dated 22 August. If you are considering investing you need to read this PDS in addition to the PDS dated 10 September 2007. Follow the invest link for this information and for a copy of the explanatory letter to all unit holders

Recent distribution information

The 30 June 2008 distribution for the fund was 4.801 cents per unit.

Fund performance update and features

The Fund was the 682^nd retail or wholesale Australian Large Blend Fund out of 1076 funds for the year ending 30 June 2008¹ as calculated by Morningstar Australia.

The one year total return to 30 June 2008 for the Fund was - 16.01%¹ after fees and assuming reinvestment. The S&P ASX 300 index performance for this period was - 13.62%. This information can be found at www.morningstar.com.au and typing in the Valuestream Australian Equities Fund ticker of 7609. If you would like to review the category position use the Morningstar QuickRank feature. Choose Aust Large Blend in the fund manager category, select view results then select "Performance - Total return" from the drop down menu and sort the table by one year return. Other Fund features include;

No application or redemption fees
Minimum application only $5,000
Low on-going management fee: - 0.923% per annum
Exposure to Australian shares
Six monthly distributions
Benefits of franking credits
20% of the fund actively managed in small companies by quality managers
Easy to invest Please note a Supplementary PDS has been issued, dated 22 August. If you are considering investing you need to read this PDS in addition to the PDS dated 10 September 2007

1) Please note: the Fund has only 12 months performance history with its current investment strategy. It is therefore not possible to compare the Fund's performance with other funds for a period greater than 12 months. The Fund is a medium term investment so investors should look to invest for at least 3 years. The recent 12 month performance and ranking should not be taken as a reliable guide to the medium term performance of the Fund. Like all investments, there are risks associated with investing in the Fund and past performance is no guide to future performance. The unit price of this fund may fall. Investors should speak with their financial adviser and refer to the Product Disclosure Statement for the Fund before deciding to invest."