These sibling funds relate to headline funds available on BT platforms where Westpac Financial Services Ltd. is the responsible entity.

We define a sibling fund as a fund that invests in an underlying pool or fund that we rate, or a separate pool or mandate that is managed in exactly the same way by the same investment team as the main capability or “headline” fund.

Based on our criteria, the funds listed below are eligible to be considered siblings and inherit the ratings on the relevant headline fund. We already rate all the headline funds listed below and their ratings are unaffected by today’s release of ratings on the sibling funds associated with them.

The funds affected by this announcement are: (headline fund in bold)

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