Untitled - Fundsupermart.com

MACQUARIE UNIT TRUST SERIES
UNAUDITED SEMI-ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR
THE PERIOD FROM 1 JULY 2013 TO 31 DECEMBER 2013
Investments in the Macquarie Unit Trust Series are not deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583
542 (“Macquarie”) or any Macquarie Group company and are subject to investments risk, including possible delays in
repayment and loss of income and capital invested. None of Macquarie or any other Macquarie Group company guarantees the
performance of the Macquarie Unit Trust Series, the repayment of capital from the Macquarie Unit Trust Series or any particular
rate of return.
CS-TP-

MACQUARIE UNIT TRUST SERIES
TABLE OF CONTENTS
MANAGEMENT AND ADMINISTRATION ………………………………………………………………………………………………………………1
STATEMENTS OF FINANCIAL POSITION (UN-AUDITED) ………………………………………………………………………………………….2
INVESTMENT PORTFOLIO (UN-AUDITED) …………………………………………………………………………………………………………...4
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UN-AUDITED) …......…………………………………………………………8
PERFORMANCE RECORD (UN-AUDITED) ………………………………………………………………………………………………………..…13
CS-TP-

MACQUARIE UNIT TRUST SERIES
MANAGEMENT AND ADMINISTRATION
Directors of the Manager
Trustee and Registrar
John Charles Bugg
HSBC Trustee (Cayman) Limited
Andrew Alexander P.O. Box 484
Axel Armin Maier
HSBC House
68 West Bay Road
Manager
Grand Cayman KY1-1106
Cayman Islands
Macquarie Funds Management Hong Kong Limited
Level 18, One International Finance Centre
1 Harbour View Road Service Provider to the Trustee
Central, Hong Kong
HSBC Institutional Trust Services (Asia) Limited
Sub-Manager
MQ Portfolio Management Limited
(ABN 55 092 552 611)
No. 1 Martin Place
Sydney, NSW 2000
Australia
Legal Advisors
As to matters of Cayman Islands law
Maples and Calder
53rd Floor, The Center
99 Queen’s Road Central
Hong Kong
As to matters of Hong Kong law
Deacons
5th, Floor, Alexandra House
16-20 Chater Road
Central
Hong Kong
No 1 Queen’s Road
Central
Hong Kong
Auditor
Ernst & Young Ltd
62 Forum Lane, Camana Bay
P.O. Box 510
Grand Cayman, KY1-1106
Cayman Islands
CS-TP- 1

MACQUARIE UNIT TRUST SERIES
STATEMENTS OF FINANCIAL POSITION (UN-AUDITED)
AS AT 31 DECEMBER 2013
MACQUARIE IPO CHINA
CONCENTRATED CORE FUND
31 Dec 2013
US$
MACQUARIE IPO CHINA
GATEWAY FUND
31 Dec 2013
US$
MACQUARIE ASIA
NEW STARS FUND
31 Dec 2013
US$
Assets
Cash and cash equivalents 340,762 1,399,144 7,523,638
Amounts receivable on subscription - 55,520 140,630
Amounts due from brokers 821,554 926,019 2,277,873
Dividends receivables - - 63,725
Other receivables - 1 6
Financial assets held at fair value through profit
or loss 31,211,671 61,130,472 226,312,182
Total assets 32,373,987 63,511,156 236,318,054
Liabilities
Amounts payable on redemption 28,434 158,459 330,355
Amounts due to brokers 267,507 727,653 1,047,127
Management fee payable 120,388 232,271 652,398
Performance fee payable - - 737,909
Administration fee payable 20,065 38,712 108,733
Other payables 36,573 43,336 38,569
Total liabilities (excluding net assets
attributable to unitholders) 472,967 1,200,431 2,915,091
Net assets attributable to unitholders 31,901,020 62,310,725 233,402,963
Represented by:
Net assets attributable to unitholders (at last
traded market prices) 31,901,020 62,310,725 233,402,963
Number of units in issue – Class A1 6,262,151 6,650,813 134,141
Number of units in issue – Class A2 332,460 712,313 8,381,282
Number of units in issue – Class A3 - 78,420 -
Number of units in issue – Class I - - 2,520,214
Net assets attributable to unitholders per
unit (at last traded market prices) – Class A1 4.5801 7.9865 15.2353
Net assets attributable to unitholders per
unit (at last traded market prices) – Class A2 9.6840 11.6049 21.6077
Net assets attributable to unitholders per
unit (at last traded market prices) – Class A3
(HK$) - 91.7080 -
Net assets attributable to unitholders per
unit (at last traded market prices) – Class I - - 19.4809
CS-TP- 2

MACQUARIE UNIT TRUST SERIES
STATEMENTS OF FINANCIAL POSITION (UN-AUDITED) (CONTINUED)
AS AT 30 JUNE 2013
MACQUARIE IPO CHINA
CONCENTRATED CORE FUND
30 June 2013
US$
MACQUARIE IPO CHINA
GATEWAY FUND
30 June 2013
US$
MACQUARIE ASIA
NEW STARS FUND
30 June 2013
US$
Assets
Cash and cash equivalents 1,231,043 3,120,529 3,519,641
Amounts receivable on subscription - 114,008 115,038
Amounts due from brokers 84,684 4,214,441 579,719
Dividends receivable 225,463 332,707 135,767
Other receivables 3 6 6
Financial assets held at fair value through profit
or loss 29,887,385 52,236,709 56,499,639
Total assets 31,428,578 60,018,400 60,849,810
Liabilities
Amounts payable on redemption - 368,874 1,791,564
Amounts due to brokers 49,398 94,011 644,811
Management fee payable 123,048 229,568 93,812
Performance fee payable - - 6,151
Administration fee payable 20,508 38,261 15,635
Other payables 28,026 34,517 32,169
Total liabilities (excluding net assets
attributable to unitholders) 220,980 765,231 2,584,142
Net assets attributable to unitholders 31,207,598 59,253,169 58,265,668
Represented by:
Net assets attributable to unitholders at last
traded market prices 31,323,817 59,458,933 58,615,706
Adjustment for difference in valuation inputs (116,219) (205,764) (350,038)
Number of units in issue – Class A1 7,033,586 7,483,995 152,373
Number of units in issue – Class A2 304,142 507,555 1,028,976
Number of units in issue – Class A3 - 52,700 -
Number of units in issue – Class I - - 2,099,496
Net assets attributable to unitholders per
unit (at last traded market prices) – Class A1 4.0808 7.1664 13.7745
Net assets attributable to unitholders per
unit (at last traded market prices) – Class A2 8.6283 10.4132 19.5054
Net assets attributable to unitholders per
unit (at last traded market prices) – Class A3
(HK$) - 82.3180 -
Net assets attributable to unitholders per
unit (at last traded market prices) – Class I - - 17.3606
CS-TP- 3

MACQUARIE UNIT TRUST SERIES
FOR THE PERIOD FROM 1 JULY 2013 TO 31 DECEMBER 2013
INVESTMENT PORTFOLIO (UN-AUDITED)
MACQUARIE IPO CHINA CONCENTRATED CORE FUND 31 Dec 2013 31 Dec 2013 31 Dec 2013
Fair value
% of net
Investments – Listed
Holdings
US$
assets
Hong Kong
AGRICULTURAL BANK OF CHINA H SHS ORD CNY1 3,917,265 1,924,685 6.03%
AIA GROUP LTD ORD USD1 352,200 1,766,814 5.54%
BBMG CORP H SHS ORD CNY1 2,193,000 1,908,949 5.98%
CHINA GALAXY SECURITIES CO ORD CNY1 2,204,500 1,921,802 6.02%
CHINA MEDICAL SYSTEM HOLDINGS LTD ORD USD0.005 1,714,162 1,832,560 5.74%
CHINA MINSHENG BANKING CO LTD H SHR ORD CNY1 1,731,738 1,922,813 6.03%
CHINA PACIFIC INSURANCE (GR) CO LTD H SHS ORD CNY1 467,601 1,833,162 5.75%
CHINA QINFA GROUP LTD ORD HKD0.1 17,015,896 1,448,273 4.54%
CHINA RESOURCES CEMENT HOLDING LTD ORD HKD0.1 1,662,000 1,116,659 3.50%
CHINA SANJIANG FINE CHEMICAL ORD HKD0.1 905,000 462,163 1.45%
CHINA SUNTIEN GREEN ENERGY CORP H SHR ORD CNY1 4,569,770 1,714,901 5.38%
GUOTAI JUNAN INTERNATIONAL HOLDINGS ORD HKD0.1 3,722,000 1,891,143 5.93%
HAITONG SECURITIES CO LTD H SHR ORD CNY1 1,050,824 1,829,429 5.73%
LOCCITANE INTERNATIONAL SA ORD EUR0.03 178,000 378,753 1.19%
LONGFOR PROPERTIES ORD HKD0.1 379,264 530,179 1.66%
MAN WAH HOLDINGS LTD ORD HKD0.4 979,200 1,532,999 4.81%
PRADA HOLDING ORD NPV 103,719 922,910 2.89%
QINGHUANGDAO PORT CO LTD-H ORD CNY1 470,000 272,748 0.86%
REAL GOLD MINING LTD ORD HKD1 795,070 151,104 0.47%
SAMSONITE INTERNATIONAL ORD USD0.01 218,084 663,724 2.08%
SHENGUAN HOLDINGS GROUP LTD ORD HKD0.01 1,250,553 557,995 1.75%
SIHUAN PHARMACEUTICAL HLDGS ORD HKD0.01 443,800 405,203 1.27%
SINOPHARM GROUP CO H SHR ORD CNY1 208,125 597,181 1.87%
SUN ART RETAIL GROUP LTD ORD HKD0.3 799,784 1,128,345 3.54%
SUNAC CHINA HOLDINGS LTD ORD HKD0.10 363,000 217,676 0.68%
TSUI WAH HOLDINGS LTD ORD HKD0.01 754,000 528,959 1.66%
WANT WANT CHINA HOLDINGS LTD ORD USD0.02 1,212,000 1,750,542 5.49%
Total Investments 31,211,671 97.84%
Other net assets 689,349 2.16%
Net assets attributable to unitholders 31,901,020 100.00%
Total investments, at cost 27,284,350
CS-TP- 4

MACQUARIE UNIT TRUST SERIES
FOR THE PERIOD FROM 1 JULY 2013 TO 31 DECEMBER 2013
INVESTMENT PORTFOLIO (UN-AUDITED) (CONTINUED)
MACQUARIE IPO CHINA GATEWAY FUND 31 Dec 2013 31 Dec 2013 31 Dec 2013
Fair value
% of net
Investments – Listed
Holdings
US$
assets
Hong Kong
AGRICULTURAL BANK OF CHINA H SHS ORD CNY1 7,653,785 3,760,564 6.03%
AIA GROUP LTD ORD USD1 696,000 3,491,489 5.60%
BBMG CORP H SHS ORD CNY1 4,057,000 3,531,511 5.67%
BOER POWER HOLDINGS LTD ORD HKD0.1 225,000 206,592 0.33%
CARPENTER TAN HOLDINGS LTD ORD HKD0.01 530,000 306,200 0.49%
CHINA GALAXY SECURITIES CO ORD CNY1 4,399,000 3,834,886 6.15%
CHINA MEDICAL SYSTEM HOLDINGS LTD ORD USD0.005 3,273,476 3,499,577 5.62%
CHINA MINSHENG BANKING CO LTD H SHR ORD CNY1 3,383,853 3,757,218 6.03%
CHINA PACIFIC INSURANCE (GR) CO LTD H SHS ORD CNY1 895,585 3,511,011 5.63%
CHINA QINFA GROUP LTD ORD HKD0.1 32,337,139 2,752,310 4.42%
CHINA RESOURCES CEMENT HOLDING LTD ORD HKD0.1 3,596,000 2,416,068 3.88%
CHINA SANJIANG FINE CHEMICAL ORD HKD0.1 1,735,000 886,026 1.42%
CHINA SUNTIEN GREEN ENERGY CORP H SHR ORD CNY1 8,497,230 3,188,762 5.12%
GUOTAI JUNAN INTERNATIONAL HOLDINGS ORD HKD0.1 6,409,000 3,256,404 5.23%
HAITONG SECURITIES CO LTD H SHR ORD CNY1 2,079,576 3,620,432 5.81%
LOCCITANE INTERNATIONAL SA ORD EUR0.03 330,000 702,182 1.13%
LONGFOR PROPERTIES ORD HKD0.1 717,236 1,002,636 1.61%
MAN WAH HOLDINGS LTD ORD HKD0.4 1,765,600 2,764,158 4.44%
MICROPORT SCIENTIFIC CORP ORD USD0.00001 442,000 288,990 0.46%
PRADA HOLDING ORD NPV 165,781 1,475,148 2.37%
QINGHUANGDAO PORT CO LTD-H ORD CNY1 930,000 539,694 0.87%
REAL GOLD MINING LTD ORD HKD1 1,409,142 267,809 0.43%
SAMSONITE INTERNATIONAL ORD USD0.01 422,316 1,285,291 2.06%
SHANGHAI FOSUN PHARMACEUTICAL GROUP CO LTD H ORD CNY1 170,000 511,903 0.82%
SHENGUAN HOLDINGS GROUP LTD ORD HKD0.01 1,990,950 888,358 1.43%
SIHUAN PHARMACEUTICAL HLDGS ORD HKD0.01 836,000 763,293 1.21%
SINOPHARM GROUP CO H SHR ORD CNY1 356,675 1,023,421 1.64%
SUN ART RETAIL GROUP LTD ORD HKD0.3 1,442,816 2,035,542 3.27%
SUNAC CHINA HOLDINGS LTD ORD HKD0.10 685,000 410,767 0.66%
TSUI WAH HOLDINGS LTD ORD HKD0.01 1,346,000 944,269 1.52%
WANT WANT CHINA HOLDINGS LTD ORD USD0.02 2,355,000 3,401,424 5.46%
Taiwan
NAN LIU ENTERPISE CO LTD ORD TWD10 112,000 614,314 0.99%
TPK HOLDING CO LTD ORD TWD10 32,656 192,223 0.31%
Total Investments 61,130,472 98.11%
Other net assets 1,180,253 1.89%
Net assets attributable to unitholders 62,310,725 100.00%
Total investments, at cost 52,591,861
CS-TP- 5

MACQUARIE UNIT TRUST SERIES
FOR THE PERIOD FROM 1 JULY 2013 TO 31 DECEMBER 2013
INVESTMENT PORTFOLIO (UN-AUDITED) (CONTINUED)
MACQUARIE ASIA NEW STARS FUND 31 Dec 2013 31 Dec 2013 31 Dec 2013
Fair value
% of net
Investments – Listed
Holdings
US$
assets
Hong Kong
APT SATELLITE HOLDINGS LTD ORD HKD0.1 3,337,417 3,959,589 1.70%
BBMG CORP H SHS ORD CNY1 6,298,500 5,482,678 2.35%
BONJOUR HOLDINGS LTD ORD HKD0.1 8,352,000 1,820,241 0.78%
CAFE DE CORAL HOLDINGS LTD ORD HKD0.1 1,120,000 3,610,853 1.55%
CHANGSHOUHUA FOOD CO LTD ORD HKD0.1 1,815,000 2,335,925 1.00%
CHINA MEDICAL SYSTEM HOLDINGS LTD ORD USD0.005 2,729,543 2,918,074 1.25%
CHINA POWER INTERNATIONAL DEV LTD ORD HKD1 10,535,000 3,749,690 1.61%
CHINA RESOURCES GAS GROUP LTD ORD HKD0.1 954,000 3,321,727 1.42%
CHINA SANJIANG FINE CHEMICAL ORD HKD0.1 3,620,000 1,848,654 0.79%
CHINA TAIPING INSURANCE HOLDINGS CO LTD ORD HKD0.05 3,467,600 7,083,305 3.03%
CITIC TELECOM INTERNATIONAL HOLDINGS LTD ORD HKD0.1 9,134,000 2,933,001 1.26%
GOLDEN EAGLE RETAIL GROUP LTD ORD HKD0.1 1,676,000 2,213,226 0.95%
GREAT WALL MOTOR COMPANY LTD H SHRS ORD CNY1 882,750 4,872,292 2.09%
GUOTAI JUNAN INTERNATIONAL HOLDINGS ORD HKD0.1 10,119,073 5,141,487 2.20%
HAIER ELECTRONICS GROUP CO LTD ORD HKD0.1 3,012,359 8,740,596 3.74%
INTIME RETAIL GROUP COMPANY LTD ORD USD0.00001 3,259,000 3,391,640 1.45%
JU TENG INTERNATIONAL HOLDINGS HKD ORD HKD0.1 4,120,000 2,725,627 1.17%
LEE & MAN PAPER MANUFACTURING LTD ORD HKD0.025 8,328,000 5,487,991 2.35%
MINTH GROUP LTD ORD HKD0.1 2,020,800 4,195,667 1.80%
PHOENIX SATELLITE TELEVISION HLDGS ORD HKD0.1 6,330,000 2,301,996 0.99%
REAL GOLD MINING LTD ORD HKD1 89,071 16,928 0.01%
SA SA INTERNATIONAL HOLDINGS LTD ORD HKD0.1 3,982,000 4,667,851 2.00%
SINO BIOPHARMACEUTICAL LTD ORD HKD0.025 2,703,842 2,144,412 0.92%
WASION GROUP HOLDINGS LTD ORD HKD0.01 4,523,376 2,764,985 1.18%
XINGDA INTERNATIONAL HOLDING ORD HKD0.1 4,068,000 2,428,923 1.04%
XINYI GLASS HLDGS CO LTD ORD HKD0.1 2,956,000 2,607,428 1.12%
ZHUZHOU CSR TIMES ELECTRIC CO LTD H SHR CNY1 922,000 3,317,317 1.42%
India
GLENMARK PHARMACEUTICALS LTD ORD INR1 (DEMAT) 672,593 5,803,004 2.49%
UNITED PHOSPHORUS LTD ORD INR2 (DEMAT) 2,416,041 7,729,316 3.31%
YES BANK LTD ORD INR10 603,591 3,611,274 1.55%
Indonesia
ARWANA CITRAMULIA ORD IDR50 (DEMAT) 32,465,827 2,185,712 0.94%
Korea
CJ O SHOPPING CO LTD ORD KRW5000 5,096 2,003,202 0.86%
COWAY CO LTD ORD KRW500 119,971 7,545,560 3.23%
GRAND KOREA LEISURE CO LTD ORD KRW500 61,890 2,368,367 1.01%
HYUNDAI GREENFOOD CO LTD ORD KRW500 237,062 3,772,405 1.62%
KGINICIS CO LTD ORD KRW500 82,016 1,289,596 0.55%
LOTTE HIMART CO LTD ORD KRW5,000 47,011 3,896,321 1.67%
MEDY-TOX INC ORD KRW500 16,463 2,647,853 1.13%
PARADISE CO LTD ORD KRW500 296,195 7,420,797 3.18%
YUHAN CORPORATION ORD KRW5000 26,434 4,682,218 2.01%
CS-TP- 6

MACQUARIE UNIT TRUST SERIES
FOR THE PERIOD FROM 1 JULY 2013 TO 31 DECEMBER 2013
INVESTMENT PORTFOLIO (UN-AUDITED) (CONTINUED)
MACQUARIE ASIA NEW STARS FUND 31 Dec 2013 31 Dec 2013 31 Dec 2013
Fair value
% of net
Investments – Listed
Holdings
US$
assets
Malaysia
BURSA MALAYSIA ORD MYR0.5 929,600 2,330,016 1.00%
MAH SING GROUP ORD MYR0.5 5,335,020 3,672,041 1.57%
MEDIA PRIMA ORD MYR1 1,674,330 1,335,996 0.57%
Philippines
MEGAWORLD CORPORATION ORD PHP1 2,720,000 198,487 0.08%
SEMIRARA MINING CORPORATION ORD PHP1 643,449 4,173,723 1.79%
Singapore
EZION HOLDINGS LTD ORD NPV 4,351,397 7,634,633 3.27%
M1 LTD ORD NPV 1,279,000 3,305,406 1.41%
OSIM INTERNATIONAL LTD ORD SGD0.05 3,707,104 6,738,591 2.89%
OVERSEAS EDUCATION LTD ORD NPV 1,388,738 905,484 0.39%
SILVERLAKE AXIS LTD ORD USD0.02 2,543,333 1,768,856 0.76%
Taiwan
CATCHER TECHNOLOGY CO LTD ORD TWD10 467,000 3,022,224 1.29%
ECLAT TEXTILE COMPANY LTD ORD TWD10 186,000 2,090,167 0.90%
GIANT MANUFACTURING CO LTD ORD TWD10 461,000 3,160,702 1.35%
KING SLIDE WORKS CO LTD ORD TWD10 357,000 4,011,773 1.72%
KINGS TOWN BANK ORD TWD 10 4,571,000 4,341,686 1.86%
LARGAN PRECISION CO LTD ORD TWD10 73,000 2,966,388 1.27%
MAKALOT INDUSTRIAL CO LTD ORD TWD10 623,000 3,354,616 1.44%
MERIDA INDUSTRY CO LTD ORD TWD10 389,000 2,816,672 1.21%
PC HOME ONLINE ORD TWD10 473,000 3,780,836 1.62%
POYA CO LTD ORD TWD10 673,660 4,201,926 1.80%
ST SHINE OPTICAL CO LTD ORD TWD10 191,161 5,440,736 2.33%
Thailand
JASMINE INTERNATIONAL PCL ORD THB0.5 (FR) 11,321,681 2,305,982 0.98%
SAMUI AIRPORT PROPERTY FUND (LR) 3,531,100 1,717,513 0.74%
Total Investments 226,312,182 96.96%
Other net assets 7,090,781 3.04%
Net assets attributable to unitholders 233,402,963 100.00%
Total investments, at cost 207,377,334
CS-TP- 7

MACQUARIE UNIT TRUST SERIES
FOR THE PERIOD FROM 1 JULY 2013 TO 31 DECEMBER 2013
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UN-AUDITED)
MACQUARIE IPO CHINA CONCENTRATED CORE
FUND 1 Jul 2013 Period from 1 Jul 2013 to 31 Dec 2013 31 Dec 2013
Investments – Listed Opening balance Additions Disposals Closing Balance
Hong Kong
AGRICULTURAL BANK OF CHINA H SHS ORD CNY1 3,829,265 88,000 - 3,917,265
AIA GROUP LTD ORD USD1 416,200 - (64,000) 352,200
BBMG CORP H SHS ORD CNY1 2,193,000 - - 2,193,000
BIOSTIME INTERNATIONAL HOLDINGS LTD ORD HKD0.01 170,565 - (170,565) -
CHINA GALAXY SECURITIES CO ORD CNY1 2,524,500 236,000 (556,000) 2,204,500
CHINA MEDICAL SYSTEM HOLDINGS LTD ORD USD0.005 1,714,162 - - 1,714,162
CHINA MINSHENG BANKING CO LTD H SHR ORD CNY1 1,662,738 200,500 (131,500) 1,731,738
CHINA PACIFIC INSURANCE (GR) CO LTD H SHS ORD
CNY1 553,401 - (85,800) 467,601
CHINA QINFA GROUP LTD ORD HKD0.1 16,079,896 936,000 - 17,015,896
CHINA RESOURCES CEMENT HOLDING LTD ORD HKD0.1 - 1,662,000 - 1,662,000
CHINA SANJIANG FINE CHEMICAL ORD HKD0.1 - 905,000 - 905,000
CHINA SUNTIEN GREEN ENERGY CORP H SHR ORD CNY1 4,569,770 - - 4,569,770
FU SHOU YUAN INTERNATIONAL ORD USD0.01 - 120,000 (120,000) -
GUOTAI JUNAN INTERNATIONAL HOLDINGS ORD HKD0.1 3,349,000 373,000 - 3,722,000
HAITONG SECURITIES CO LTD H SHR ORD CNY1 577,624 629,600 (156,400) 1,050,824
LOCCITANE INTERNATIONAL SA ORD EUR0.03 178,000 - - 178,000
LONGFOR PROPERTIES ORD HKD0.1 225,764 153,500 - 379,264
MAN WAH HOLDINGS LTD ORD HKD0.4 762,000 217,200 - 979,200
PRADA HOLDING ORD NPV 204,319 - (100,600) 103,719
PRINCE FROG INTERNATIONAL HOLDINGS ORD HKD0.01 685,289 - (685,289) -
QINGHUANGDAO PORT CO LTD-H ORD CNY1 - 470,000 - 470,000
REAL GOLD MINING LTD ORD HKD1 795,070 - - 795,070
SAMSONITE INTERNATIONAL ORD USD0.01 790,184 - (572,100) 218,084
SHENGUAN HOLDINGS GROUP LTD ORD HKD0.01 1,250,553 - - 1,250,553
SIHUAN PHARMACEUTICAL HLDGS ORD HKD0.01 2,559,800 - (2,116,000) 443,800
SINOPHARM GROUP CO H SHR ORD CNY1 208,125 - - 208,125
SUN ART RETAIL GROUP LTD ORD HKD0.3 761,284 230,500 (192,000) 799,784
SUNAC CHINA HOLDINGS LTD ORD HKD0.10 - 795,000 (432,000) 363,000
TSUI WAH HOLDINGS LTD ORD HKD0.01 754,000 - - 754,000
WANT WANT CHINA HOLDINGS LTD ORD USD0.02 1,345,000 - (133,000) 1,212,000
YUANDA CHINA HLDG LTD ORD HKD0.1 3,032,000 - (3,032,000) -
CS-TP- 8

MACQUARIE UNIT TRUST SERIES
FOR THE PERIOD FROM 1 JULY 2013 TO 31 DECEMBER 2013
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UN-AUDITED) (CONTINUED)
(CONTINUED)
MACQUARIE IPO CHINA GATEWAY FUND 1 Jul 2013 Period from 1 Jul 2013 to 31 Dec 2013 31 Dec 2013
Investments – Listed Opening balance Additions Disposals Closing Balance
Hong Kong
AGRICULTURAL BANK OF CHINA H SHS ORD CNY1 4,466,785 3,187,000 - 7,653,785
AIA GROUP LTD ORD USD1 570,800 199,000 (73,800) 696,000
BBMG CORP H SHS ORD CNY1 2,575,500 3,058,500 (1,577,000) 4,057,000
BIOSTIME INTERNATIONAL HOLDINGS LTD ORD HKD0.01 298,935 - (298,935) -
BOER POWER HOLDINGS LTD ORD HKD0.1 1,773,000 - (1,548,000) 225,000
CARPENTER TAN HOLDINGS LTD ORD HKD0.01 530,000 - - 530,000
CHINA GALAXY SECURITIES CO ORD CNY1 4,710,000 - (311,000) 4,399,000
CHINA MEDICAL SYSTEM HOLDINGS LTD ORD USD0.005 3,273,476 - - 3,273,476
CHINA MINSHENG BANKING CO LTD H SHR ORD CNY1 2,976,853 407,000 - 3,383,853
CHINA PACIFIC INSURANCE (GR) CO LTD H SHS ORD CNY1 684,785 321,400 (110,600) 895,585
CHINA QINFA GROUP LTD ORD HKD0.1 30,547,139 1,790,000 - 32,337,139
CHINA RESOURCES CEMENT HOLDING LTD ORD HKD0.1 - 3,596,000 - 3,596,000
CHINA SANJIANG FINE CHEMICAL ORD HKD0.1 - 1,735,000 - 1,735,000
CHINA SUNTIEN GREEN ENERGY CORP H SHR ORD CNY1 8,497,230 - - 8,497,230
FU SHOU YUAN INTERNATIONAL ORD USD0.01 - 230,000 (230,000) -
GUOTAI JUNAN INTERNATIONAL HOLDINGS ORD HKD0.1 5,693,000 716,000 - 6,409,000
HAITONG SECURITIES CO LTD H SHR ORD CNY1 1,091,176 1,340,400 (352,000) 2,079,576
LOCCITANE INTERNATIONAL SA ORD EUR0.03 330,000 - - 330,000
LONGFOR PROPERTIES ORD HKD0.1 395,236 322,000 - 717,236
MAN WAH HOLDINGS LTD ORD HKD0.4 1,355,600 410,000 - 1,765,600
MICROPORT SCIENTIFIC CORP ORD USD0.00001 1,467,000 - (1,025,000) 442,000
PRADA HOLDING ORD NPV 325,081 - (159,300) 165,781
PRINCE FROG INTERNATIONAL HOLDINGS ORD HKD0.01 990,190 - (990,190) -
QINGHUANGDAO PORT CO LTD-H ORD CNY1 - 930,000 - 930,000
REAL GOLD MINING LTD ORD HKD1 1,409,142 - - 1,409,142
SAMSONITE INTERNATIONAL ORD USD0.01 1,310,316 - (888,000) 422,316
SHANGHAI FOSUN PHARMACEUTICAL GROUP CO LTD H
ORD CNY1 - 170,000 - 170,000
SHENGUAN HOLDINGS GROUP LTD ORD HKD0.01 1,990,950 - - 1,990,950
SIHUAN PHARMACEUTICAL HLDGS ORD HKD0.01 4,851,000 - (4,015,000) 836,000
SINOPHARM GROUP CO H SHR ORD CNY1 356,675 - - 356,675
SUN ART RETAIL GROUP LTD ORD HKD0.3 912,816 1,267,500 (737,500) 1,442,816
SUNAC CHINA HOLDINGS LTD ORD HKD0.10 - 1,503,000 (818,000) 685,000
TSUI WAH HOLDINGS LTD ORD HKD0.01 1,346,000 - - 1,346,000
WANT WANT CHINA HOLDINGS LTD ORD USD0.02 2,355,000 - - 2,355,000
YUANDA CHINA HLDG LTD ORD HKD0.1 5,396,000 - (5,396,000) -
Taiwan
NAN LIU ENTERPISE CO LTD ORD TWD10 - 112,000 - 112,000
TPK HOLDING CO LTD ORD TWD10 32,656 - - 32,656
CS-TP- 9

MACQUARIE UNIT TRUST SERIES
FOR THE PERIOD FROM 1 JULY 2013 TO 31 DECEMBER 2013
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UN-AUDITED) (CONTINUED)
(CONTINUED)
MACQUARIE ASIA NEW STARS FUND 1 Jul 2013 Period from 1 Jul 2013 to 31 Dec 2013 31 Dec 2013
Investments – Listed Opening balance Additions Disposals Closing Balance
Hong Kong
ANTA SPORTS PRODUCTS LTD ORD HKD0.1 - 901,000 (901,000) -
APT SATELLITE HOLDINGS LTD ORD HKD0.1 432,917 4,276,500 (1,372,000) 3,337,417
BBMG CORP H SHS ORD CNY1 - 7,231,000 (932,500) 6,298,500
BONJOUR HOLDINGS LTD ORD HKD0.1 - 11,146,000 (2,794,000) 8,352,000
CAFE DE CORAL HOLDINGS LTD ORD HKD0.1 - 1,300,000 (180,000) 1,120,000
CHANGSHOUHUA FOOD CO LTD ORD HKD0.1 - 1,815,000 - 1,815,000
CHINA MEDICAL SYSTEM HOLDINGS LTD ORD USD0.005 1,095,543 3,525,000 (1,891,000) 2,729,543
CHINA POWER INTERNATIONAL DEV LTD ORD HKD1 1,648,000 8,887,000 - 10,535,000
CHINA RESOURCES GAS GROUP LTD ORD HKD0.1 310,000 716,000 (72,000) 954,000
CHINA SANJIANG FINE CHEMICAL ORD HKD0.1 - 3,620,000 - 3,620,000
CHINA SHANSHUI CEMENT GROUP CO LTD ORD USD0.01 1,403,000 760,000 (2,163,000) -
CHINA TAIPING INSURANCE HOLDINGS CO LTD ORD
HKD0.05 1,405,000 2,753,000 (690,400) 3,467,600
CITIC TELECOM INTERNATIONAL HOLDINGS LTD ORD
HKD0.1 - 11,802,000 (2,668,000) 9,134,000
GOLDEN EAGLE RETAIL GROUP LTD ORD HKD0.1 803,000 1,448,000 (575,000) 1,676,000
GREAT WALL MOTOR COMPANY LTD H SHRS ORD CNY1 556,750 1,213,500 (887,500) 882,750
GUOTAI JUNAN INTERNATIONAL HOLDINGS ORD HKD0.1 3,008,073 10,085,000 (2,974,000) 10,119,073
HAIER ELECTRONICS GROUP CO LTD ORD HKD0.1 791,359 2,992,000 (771,000) 3,012,359
HUTCHISON TELECOMMUNICATIONS HONG KONG
HOLDINGS LTD ORD HKD0.25 840,000 5,638,000 (6,478,000) -
INTIME RETAIL GROUP COMPANY LTD ORD USD0.00001 320,000 4,986,500 (2,047,500) 3,259,000
JU TENG INTERNATIONAL HOLDINGS HKD ORD HKD0.1 - 4,120,000 - 4,120,000
LEE & MAN PAPER MANUFACTURING LTD ORD HKD0.025 1,842,000 8,061,000 (1,575,000) 8,328,000
MINTH GROUP LTD ORD HKD0.1 412,800 1,920,000 (312,000) 2,020,800
PHOENIX SATELLITE TELEVISION HLDGS ORD HKD0.1 2,690,000 5,222,000 (1,582,000) 6,330,000
REAL GOLD MINING LTD ORD HKD1 89,071 - - 89,071
SA SA INTERNATIONAL HOLDINGS LTD ORD HKD0.1 952,000 3,090,000 (60,000) 3,982,000
SAMSONITE INTERNATIONAL ORD USD0.01 467,361 1,387,300 (1,854,661) -
SIHUAN PHARMACEUTICAL HLDGS ORD HKD0.01 1,143,000 - (1,143,000) -
SINO BIOPHARMACEUTICAL LTD ORD HKD0.025 2,351,842 2,208,000 (1,856,000) 2,703,842
SINOMEDIA HOLDING LTD ORD HKD0.0003125 1,632,399 2,076,000 (3,708,399) -
TCC INTERNATIONAL HOLDINGS LIMITED ORD HKD0.1 - 10,972,000 (10,972,000) -
WASION GROUP HOLDINGS LTD ORD HKD0.01 1,693,376 2,830,000 - 4,523,376
XINGDA INTERNATIONAL HOLDING ORD HKD0.1 1,525,000 2,543,000 - 4,068,000
XINYI GLASS HLDGS CO LTD ORD HKD0.1 - 6,332,000 (3,376,000) 2,956,000
XINYI SOLAR HLDGS ORD NPV - 2,956,000 (2,956,000) -
ZHUZHOU CSR TIMES ELECTRIC CO LTD H SHR CNY1 - 1,354,000 (432,000) 922,000
CS-TP- 10

MACQUARIE UNIT TRUST SERIES
FOR THE PERIOD FROM 1 JULY 2013 TO 31 DECEMBER 2013
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UN-AUDITED) (CONTINUED)
(CONTINUED)
MACQUARIE ASIA NEW STARS FUND 1 Jul 2013 Period from 1 Jul 2013 to 31 Dec 2013 31 Dec 2013
Investments – Listed Opening balance Additions Disposals Closing Balance
India
GLENMARK PHARMACEUTICALS LTD ORD INR1 (DEMAT) 173,580 563,063 (64,050) 672,593
IPCA LABORATORIES LTD DMT ORD INR2 - 28,504 (28,504) -
UNITED PHOSPHORUS LTD ORD INR2 (DEMAT) 337,573 2,383,409 (304,941) 2,416,041
YES BANK LTD ORD INR10 328,197 554,329 (278,935) 603,591
Indonesia
ARWANA CITRAMULIA ORD IDR50 (DEMAT) 6,058,316 16,754,500 (8,521,937) 32,465,827
BANK PEMBANGUNAN DAERAH JAWA ORD IDR250 4,157,574 - (4,157,574) -
Korea
CJ O SHOPPING CO LTD ORD KRW5000 - 5,096 - 5,096
COWAY CO LTD ORD KRW500 30,501 104,170 (14,700) 119,971
CROWN CONFECTIONERY CO ORD KRW5000 1,745 1,893 (3,638) -
GRAND KOREA LEISURE CO LTD ORD KRW500 - 61,890 - 61,890
HYUNDAI GREENFOOD CO LTD ORD KRW500 64,102 204,760 (31,800) 237,062
KGINICIS CO LTD ORD KRW500 - 156,699 (74,683) 82,016
KT SKYLIFE CO LTD ORD KRW2500 13,500 - (13,500) -
LG UPLUS CORP ORD KRW5000 108,480 77,200 (185,680) -
LOTTE HIMART CO LTD ORD KRW5,000 24,469 60,153 (37,611) 47,011
MEDY-TOX INC ORD KRW500 - 16,463 - 16,463
PARADISE CO LTD ORD KRW500 41,719 277,075 (22,599) 296,195
PARTRON CO LTD ORD KRW500 36,268 - (36,268) -
SOULBRAIN CO LTD ORD KRW500 7,565 25,533 (33,098) -
YUHAN CORPORATION ORD KRW5000 6,666 19,768 - 26,434
Malaysia
BURSA MALAYSIA ORD MYR0.5 - 929,600 - 929,600
MAH SING GROUP ORD MYR0.5 1,081,600 4,037,100 - 5,335,020
MEDIA PRIMA ORD MYR1 519,930 1,154,400 - 1,674,330
MY EG SERVICES ORD MYR0.1 - 1,313,879 (1,313,879) -
Philippines
MEGAWORLD CORPORATION ORD PHP1 - 2,720,000 - 2,720,000
SEMIRARA MINING CORPORATION ORD PHP1 157,629 605,450 (119,630) 643,449
CS-TP- 11

MACQUARIE UNIT TRUST SERIES
FOR THE PERIOD FROM 1 JULY 2013 TO 31 DECEMBER 2013
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UN-AUDITED) (CONTINUED)
(CONTINUED)
MACQUARIE ASIA NEW STARS FUND 1 Jul 2013 Period from 1 Jul 2013 to 31 Dec 2013 31 Dec 2013
Investments – Listed Opening balance Additions Disposals Closing Balance
Singapore
EZION HOLDINGS LTD ORD NPV 717,331 3,478,000 (641,000) 4,351,397
GENTING HONG KONG LTD ORD USD0.1 (SGX) 1,577,000 5,522,000 (7,099,000) -
M1 LTD ORD NPV 247,000 1,653,000 (621,000) 1,279,000
OSIM INTERNATIONAL LTD ORD SGD0.05 1,169,104 2,705,000 (167,000) 3,707,104
OVERSEAS EDUCATION LTD ORD NPV - 1,388,738 - 1,388,738
SILVERLAKE AXIS LTD ORD USD0.02 - 2,543,333 - 2,543,333
Taiwan
CATCHER TECHNOLOGY CO LTD ORD TWD10 209,000 346,000 (88,000) 467,000
ECLAT TEXTILE COMPANY LTD ORD TWD10 - 186,000 - 186,000
GIANT MANUFACTURING CO LTD ORD TWD10 - 527,000 (66,000) 461,000
KING SLIDE WORKS CO LTD ORD TWD10 135,000 398,000 (176,000) 357,000
KINGS TOWN BANK ORD TWD 10 574,000 3,997,000 - 4,571,000
LARGAN PRECISION CO LTD ORD TWD10 33,000 57,000 (17,000) 73,000
MAKALOT INDUSTRIAL CO LTD ORD TWD10 140,000 493,000 (10,000) 623,000
MERIDA INDUSTRY CO LTD ORD TWD10 - 389,000 - 389,000
NOVATEK MICROELECTRONICS LTD ORD TWD10 124,000 - (124,000) -
PC HOME ONLINE ORD TWD10 - 473,000 - 473,000
POYA CO LTD ORD TWD10 138,000 534,000 - 673,660
ST SHINE OPTICAL CO LTD ORD TWD10 116,161 151,000 (76,000) 191,161
Thailand
DYNASTY CERAMIC PCL ORD THB1 (FR) 405,800 420,600 (826,400) -
JASMINE INTERNATIONAL PCL ORD THB0.5 (FR) 4,755,281 21,119,800 (14,553,400) 11,321,681
SAMUI AIRPORT PROPERTY FUND (LR) 1,453,700 2,077,400 - 3,531,100
CS-TP- 12

MACQUARIE UNIT TRUST SERIES
FOR THE PERIOD FROM 1 JULY 2013 TO 31 DECEMBER 2013
PERFORMANCE RECORD (UN-AUDITED)
a) Net asset value
At end of the financial period dated 31 December 2013
Total net asset value
US$
Net asset value per unit (cum distribution)
Macquarie IPO China Concentrated Core Fund 31,901,020 Class A1: US$4.5801
Class A2: US$9.6840
Macquarie IPO China Gateway Fund 62,310,725 Class A1: US$7.9865
Class A2: US$11.6049
Class A3: HK$91.7080
Macquarie Asia New Stars Fund 233,402,963 Class A1: US$15.2353
Class A2: US$21.6077
Class I: US$19.4809
b) Performance record
Financial period ended 31 December 2013 Highest issue price per unit Lowest redemption price per unit
Macquarie IPO China Concentrated Core Fund
Macquarie IPO China Gateway Fund
Macquarie Asia New Stars Fund
Class A1: US$4.779
Class A2: US$10.103
Class A1: US$8.316
Class A2: US$12.084
Class A3: HK$95.473
Class A1: US$15.449
Class A2: US$21.909
Class I: US$19.768
Class A1: US$3.882
Class A2: US$8.209
Class A1: US$6.835
Class A2: US$9.932
Class A3: HK$78.512
Class A1: US$13.143
Class A2: US$18.611
Class I: US$16.613
CS-TP- 13

MACQUARIE UNIT TRUST SERIES
REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR
ENDED 30 JUNE 2013
Investments in the Macquarie Unit Trust Series are not deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542
(“Macquarie”) or any Macquarie Group company and are subject to investments risk, including possible delays in repayment and loss
of income and capital invested. None of Macquarie or any other Macquarie Group company guarantees the performance of the
Macquarie Unit Trust Series, the repayment of capital from the Macquarie Unit Trust Series or any particular rate of return.
003867728 FANL AD4 JCCH RPT

MACQUARIE UNIT TRUST SERIES
TABLE OF CONTENTS
MANAGEMENT AND ADMINISTRATION ...................................................................................................................... 1
STATEMENT OF RESPONSIBILITIES OF THE MANAGER AND THE TRUSTEE ....................................................... 2
REPORT OF THE TRUSTEE TO THE UNITHOLDERS ................................................................................................. 3
INDEPENDENT AUDITOR’S REPORT ........................................................................................................................... 4
STATEMENTS OF COMPREHENSIVE INCOME ........................................................................................................... 6
STATEMENTS OF FINANCIAL POSITION .................................................................................................................... 8
STATEMENTS OF CHANGES IN NET ASSETS ATTRIBUTABLE TO UNITHOLDERS ............................................ 10
STATEMENTS OF CASH FLOWS ................................................................................................................................ 12
NOTES TO THE FINANCIAL STATEMENTS ............................................................................................................... 14
1 The Fund and the Sub-Funds ......................................................................................................................... 14
2 Summary of significant accounting policies ................................................................................................. 14
3 Net assets attributable to unitholders ........................................................................................................... 19
4 Financial risk management ............................................................................................................................. 19
5 Cash and cash equivalents ............................................................................................................................. 26
6 Amount due from brokers ............................................................................................................................... 26
7 Financial assets held at fair value through profit or loss ............................................................................ 27
8 Net gains/(losses) on financial instruments held at fair value through profit or loss ............................... 27
9 Related party transactions/transactions with the Trustee, the Manager and their connected persons .. 28
10 Taxation ............................................................................................................................................................ 31
11 Soft commission arrangements ..................................................................................................................... 32
12 Units.................................................................................................................................................................. 32
13 Contingent assets and liabilities and commitments .................................................................................... 33
14 Events occurring after year end ..................................................................................................................... 33
15 Approval of financial statements ................................................................................................................... 33
INVESTMENT PORTFOLIO (UN-AUDITED) ................................................................................................................ 34
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UN-AUDITED) ....................................................... 42
PERFORMANCE RECORD (UN-AUDITED) ................................................................................................................ 56

MACQUARIE UNIT TRUST SERIES
MANAGEMENT AND ADMINISTRATION
Directors of the Manager
John Charles Bugg
Andrew Alexander
Axel Armin Maier (appointed 26 October 2012)
Keith Lowry (appointed 21 February 2013, resigned
30 May 2013)
Manager
Macquarie Funds Management Hong Kong Limited
Level 18, One International Finance Centre
1 Harbour View Road
Central, Hong Kong
Sub-Manager
MQ Portfolio Management Limited
(ABN 55 092 552 611)
No. 1 Martin Place
Sydney, NSW 2000
Australia
Legal Advisors
As to matters of Cayman Islands law
Trustee and Registrar
HSBC Trustee (Cayman) Limited
P.O. Box 484
HSBC House
68 West Bay Road
Grand Cayman KY1-1106
Cayman Islands
Service Provider to the Trustee
HSBC Institutional Trust Services (Asia) Limited
No 1 Queen’s Road
Central
Hong Kong
Auditor
Ernst & Young Ltd
62 Forum Lane, Camana Bay
P.O. Box 510
Grand Cayman, KY1-1106
Cayman Islands
Maples and Calder
53rd Floor, The Center
99 Queen's Road Central
Hong Kong
As to matters of Hong Kong law
Deacons
5th Floor, Alexandra House
16-20 Chater Road
Central
Hong Kong
1

MACQUARIE UNIT TRUST SERIES
STATEMENT OF RESPONSIBILITIES OF THE MANAGER AND THE TRUSTEE
Manager’s responsibilities
The Manager of the Macquarie IPO China Concentrated Core Fund, Macquarie IPO China Gateway Fund,
Macquarie Asia New Stars Fund and the Macquarie Asia Infrastructure Equity Fund (each a sub-fund of
Macquarie Unit Trust Series (collectively the “Fund” and individually the “Sub-Funds”)) is required by the
Code on Unit Trusts and Mutual Funds established by the Securities and Futures Commission of Hong Kong
(the “SFC Code”) and the Trust Deed dated 23 January 2007 (the “Trust Deed”) to prepare financial
statements for each annual accounting period which give a true and fair view of the financial position of each
of the Sub-Funds at the end of that period and of the transactions for the period then ended. In respect of
these financial statements the Manager is required to:
• select suitable accounting policies and then apply them consistently;
• make judgments and estimates that are prudent and reasonable; and
• prepare or arrange for the preparation of the financial statements on the basis that each of the Sub-
Funds will continue in operation unless it is inappropriate to presume this.
The Manager is also required to manage the Fund in accordance with the Trust Deed and take reasonable
steps for the prevention and detection of fraud and other irregularities.
The Fund is an umbrella unit trust governed by its Trust Deed. As at 30 June 2013, the Fund had established
the following Sub-Funds that are authorized by the Securities and Futures Commission of Hong Kong:
• Macquarie IPO China Concentrated Core Fund
• Macquarie IPO China Gateway Fund
• Macquarie Asia New Stars Fund
As at 30 June 2013, the Fund had established the following Sub-Fund that is not authorized by the Securities
and Futures Commission of Hong Kong and is not available to Hong Kong residents:
• Macquarie Asia Infrastructure Equity Fund
This financial report presents the Sub-Funds of the Macquarie Unit Trust Series, authorized by the Securities
and Futures Commission of Hong Kong. The Sub-Fund not authorized by the Securities and Futures
Commission of Hong Kong prepares a separate financial report.
Trustee’s responsibilities
The Trustee of the Fund and the Sub-Funds is required to:
• ensure that the Fund and the Sub-Funds are managed by the Manager in accordance with the Trust
Deed and that the investment and borrowing powers are complied with;
• satisfy itself that sufficient accounting and other records have been maintained;
• safeguard the property of the Fund and the Sub-Funds and rights attaching thereto; and
• report to the unitholders for each annual accounting year on the conduct of the Manager in the
management of the Fund and the Sub-Funds.
2

Ernst & Young Ltd.
62 Forum Lane
Camana Bay
P.O. Box 510
Grand Cayman KY1-1106
CAYMAN ISLANDS
Tel: +1 345 949 8444
Fax: +1 345 949 8529
ey.com
Independent Auditors’ Report
The Trustee
Macquarie Unit Trust Series – Macquarie IPO China Concentrated Core Fund
Macquarie Unit Trust Series – Macquarie IPO China Gateway Fund
Macquarie Unit Trust Series – Macquarie Asia New Stars Fund
We have audited the accompanying financial statements of Macquarie Unit Trust Series –
Macquarie IPO China Concentrated Core Fund, Macquarie Unit Trust Series – Macquarie IPO
China Gateway Fund and Macquarie Unit Trust Series – Macquarie Asia New Stars Fund (the
“Funds”) which comprise the statement of financial position as at 30 June 2013, and the income
statement, statement of comprehensive income, statement of changes in equity and statement of
cash flows for the year then ended, and a summary of significant accounting policies and other
explanatory information.
This report is made solely to the Trustee, as a body. Our audit work has been undertaken so that
we might state to the Trustee those matters we are required to state to them in an auditors’ report
and for no other purpose. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the Funds and the Trustee as a body, for our audit work, for
this report, or for the opinions we have formed.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements
in accordance with International Financial Reporting Standards, and for such internal control as
management determines is necessary to enable the preparation of financial statements that are
free from material misstatement, whether due to fraud or error.
Auditors’ Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We
conducted our audit in accordance with International Standards on Auditing. Those standards
require that we comply with ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free from material misstatement.
4
A member firm of Ernst & Young Global Limited

Independent Auditors’ Report (continued)
Auditors’ Responsibility (continued)
An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures selected depend on the auditors’
judgment, including the assessment of the risks of material misstatement of the financial
statements, whether due to fraud or error. In making those risk assessments, the auditor considers
internal control relevant to the entity’s preparation and fair presentation of the financial
statements in order to design audit procedures that are appropriate in the circumstances, but not
for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An
audit also includes evaluating the appropriateness of accounting policies used and the
reasonableness of accounting estimates made by management, as well as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our audit opinion.
Opinion
In our opinion, the accompanying financial statements present fairly, in all material respects, the
financial position of Macquarie Unit Trust Series – Macquarie IPO China Concentrated Core
Fund, Macquarie Unit Trust Series – Macquarie IPO China Gateway Fund and Macquarie Unit
Trust Series – Macquarie Asia New Stars Fund as at 30 June 2013, and its financial performance
and cash flows for the year then ended in accordance with International Financial Reporting
Standards.
29 October 2013
5

MACQUARIE UNIT TRUST SERIES
STATEMENTS OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2013
MACQUARIE IPO
CHINA
CONCENTRATED
CORE FUND
MACQUARIE IPO
CHINA GATEWAY
FUND
MACQUARIE
ASIA NEW
STARS
FUND
Note
Year ended
30 June 2013
US$
Year ended 30 June
2013
US$
Year ended
30 June 2013
US$
Income
Interest income 552 809 775
Dividend income 642,602 1,101,325 992,505
Net gains on financial assets at fair value through profit or
loss 8 6,242,976 15,378,135 14,129,073
Net foreign exchange gains/(losses) 8 92 3,430 (99,345)
Total income 6,886,222 16,483,699 15,023,008
Expenses
Management fee 9(a) 493,193 886,012 355,863
Performance fee 9(b) - - 6,250
Administration fee 9(c) 82,199 147,669 59,311
Transaction handling fee 9(d) 11,525 11,725 66,159
Transaction costs 88,280 178,261 454,620
Audit fee 25,268 25,268 25,267
Legal and professional fees 1,219 1,219 1,219
Bank charges 3,926 1,251 1,047
Other expenses 40,566 70,185 52,333
Total expenses 746,176 1,321,590 1,022,069
Operating profit 6,140,046 15,162,109 14,000,939
Finance costs attributable to unitholders
Increase in net assets attributable to unitholders from
operations (6,140,046) (15,162,109) (14,000,939)
The notes on pages 14 to 33 are an integral part of these financial statements.
6

MACQUARIE UNIT TRUST SERIES
STATEMENTS OF COMPREHENSIVE INCOME (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2012
MACQUARIE IPO
CHINA
CONCENTRATED
CORE FUND
MACQUARIE
IPO CHINA
GATEWAY
FUND
MACQUARIE
ASIA NEW
STARS FUND
Note
Year ended
30 June 2012
US$
Year ended 30
June 2012
US$
Year ended
30 June 2012
US$
Income
Interest income 1,151 1,547 618
Dividend income 974,956 1,827,869 885,231
Net losses on financial assets at fair value through profit or loss 8 (17,152,930) (29,062,404) (8,517,196)
Net foreign exchange gains/(losses) 8 14 (28,690) (46,729)
Other income 7,608 8,703 438
Total loss (16,169,201) (27,252,975) (7,677,638)
Expenses
Management fee 9(a) 611,040 1,036,567 385,111
Performance fee 9(b) - - 2,004
Administration fee 9(c) 101,840 172,761 64,185
Transaction handling fee 9(d) 23,850 24,250 35,408
Transaction costs 164,819 283,394 312,294
Audit fee 21,920 21,918 21,920
Legal and professional fees 1,582 18,599 18,228
Bank charges 4,766 1,461 267
Interest expense 9(j) - - 49
Other expenses 68,399 105,342 24,519
Total expenses 998,216 1,664,292 863,985
Operating loss (17,167,417) (28,917,267) (8,541,623)
Finance costs attributable to unitholders
Increase in net assets attributable to unitholders from operations 17,167,417 28,917,267 8,541,623
The notes on pages 14 to 33 are an integral part of these financial statements.
7

MACQUARIE UNIT TRUST SERIES
STATEMENTS OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2012
Assets
Note
MACQUARIE IPO
CHINA
CONCENTRATED
CORE FUND
30 June 2012
US$
MACQUARIE
IPO CHINA
GATEWAY
FUND
30 June 2012
US$
MACQUARIE
ASIA NEW
STARS FUND
30 June 2012
US$
Cash and cash equivalents 5 2,264,751 2,744,455 2,588,793
Amounts receivable on subscription - 3,483 7,859
Amounts due from brokers - - 154,204
Amount receivable on unsettled foreign exchange transactions - - 399,641
Dividends receivable 296,327 492,296 59,268
Other receivables 1 2 2
Financial assets held at fair value through profit or loss 7 30,926,960 54,578,778 39,195,733
Total assets 33,488,039 57,819,014 42,405,500
Liabilities
Amounts payable on redemption 59,072 320,238 -
Amounts due to brokers 332,096 578,238 743,820
Amount payable on unsettled foreign exchange transactions - - 400,077
Management fee payable 9(a) 132,884 229,247 86,347
Performance fee payable 9(b) - - 2,004
Administration fee payable 9(c) 22,147 38,208 14,391
Other payables 28,536 34,368 26,346
Total liabilities (excluding net assets attributable to
unitholders) 574,735 1,200,299 1,272,985
Net assets attributable to unitholders 32,913,304 56,618,715 41,132,515
Represented by:
Net assets attributable to unitholders (at last traded market
prices) 32,975,371 56,759,112 41,294,786
Adjustment from last traded market prices to bid market prices 3 (62,067) (140,397) (162,271)
Number of units in issue – Class A1 9,109,362 9,827,657 317,787
Number of units in issue – Class A2 316,459 311,161 1,242,146
Number of units in issue – Class A3 - 2,866 -
Number of units in issue – Class I - - 1,555,471
Net assets attributable to unitholders per unit (at last traded market
prices) – Class A1 3.3724 5.5194 10.3156
Net assets attributable to unitholders per unit (at last traded market
prices) – Class A2 7.1305 8.0201 14.6074
Net assets attributable to unitholders per unit (at last traded market
prices) – Class A3 (HKD) - 63.3920 -
Net assets attributable to unitholders per unit (at last traded market
prices) – Class I - - 12.7763
The notes on pages 14 to 33 are an integral part of these financial statements.
9

MACQUARIE UNIT TRUST SERIES
STATEMENTS OF CHANGES IN NET ASSETS ATTRIBUTABLE TO UNITHOLDERS
FOR THE YEAR ENDED 30 JUNE 2013
MACQUARIE IPO
CHINA
CONCENTRATED
CORE FUND
Year ended
30 June 2013
MACQUARIE
IPO CHINA
GATEWAY
FUND
Year ended
30 June 2013
MACQUARIE
ASIA NEW
STARS FUND
Year ended
30 June 2013
US$ US$ US$
Net assets attributable to unitholders at the beginning of the
year 32,913,304 56,618,715 41,132,515
Proceeds on units issued 954,460 6,959,373 14,206,498
Redemption of units (8,800,212) (19,487,028) (11,074,284)
Net (decrease)/increase from unit transactions (7,845,752) (12,527,655) 3,132,214
Increase in net assets attributable to unitholders from operations 6,140,046 15,162,109 14,000,939
Net assets attributable to unitholders at the end of the year 31,207,598 59,253,169 58,265,668
Units in issue at the beginning of the year 9,425,821 10,141,684 3,115,404
Units issued 109,867 671,558 838,765
Units redeemed (2,197,960) (2,768,992) (673,324)
Units in issue at the end of the year 7,337,728 8,044,250 3,280,845
The notes on pages 14 to 33 are an integral part of these financial statements.
10

MACQUARIE UNIT TRUST SERIES
STATEMENTS OF CHANGES IN NET ASSETS ATTRIBUTABLE TO UNITHOLDERS
(CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2012
MACQUARIE IPO
CHINA
CONCENTRATED
CORE FUND
Year ended
30 June 2012
MACQUARIE
IPO CHINA
GATEWAY
FUND
Year ended
30 June 2012
MACQUARIE
ASIA NEW
STARS FUND
Year ended
30 June 2012
US$ US$ US$
Net assets attributable to unitholders at the beginning of the
year 56,253,585 98,261,735 34,335,827
Proceeds on units issued 100,035 2,014,018 22,758,757
Redemption of units (6,272,899) (14,739,771) (7,420,446)
Net (decrease)/increase from unit transactions (6,172,864) (12,725,753) 15,338,311
Decrease in net assets attributable to unitholders from operations (17,167,417) (28,917,267) (8,541,623)
Net assets attributable to unitholders at the end of the year 32,913,304 56,618,715 41,132,515
Units in issue at the beginning of the year 11,045,734 12,128,242 2,086,992
Units issued 11,924 232,860 1,569,963
Units redeemed (1,631,837) (2,219,418) (541,551)
Units in issue at the end of the year 9,425,821 10,141,684 3,115,404
The notes on pages 14 to 33 are an integral part of these financial statements.
11

MACQUARIE UNIT TRUST SERIES
STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2013
MACQUARIE IPO
CHINA
CONCENTRATED
CORE FUND
Year ended
30 June 2013
MACQUARIE
IPO CHINA
GATEWAY
FUND
Year ended
30 June 2013
MACQUARIE
ASIA NEW
STARS FUND
Year ended
30 June 2013
Note US$ US$ US$
Cash flow from operating activities
Payment on purchase of financial assets at fair value through profit
or loss (10,648,379) (20,851,987) (68,989,599)
Proceeds from sales of financial assets at fair value through profit or
loss 17,563,548 33,873,523 65,289,806
Interest received 550 805 771
Dividends received 713,466 1,260,914 916,006
Net operating expenses paid (758,069) (1,317,637) (1,102,735)
Net cash inflow/(outflow) from operating activities 6,871,116 12,965,618 (3,885,751)
Cash flows from financing activities
Proceeds from issue of units 954,460 6,848,848 14,099,319
Payment on redemption of units (8,859,284) (19,438,392) (9,282,720)
Net cash (outflow)/inflow from financing activities (7,904,824) (12,589,544) 4,816,599
Net (decrease)/increase in cash and cash equivalents (1,033,708) 376,074 930,848
Cash and cash equivalents at the beginning of year 2,264,751 2,744,455 2,588,793
Cash and cash equivalents at end of year, represented by bank
balances 5 1,231,043 3,120,529 3,519,641
The notes on pages 14 to 33 are an integral part of these financial statements.
12

MACQUARIE UNIT TRUST SERIES
STATEMENTS OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2012
MACQUARIE IPO
CHINA
CONCENTRATED
CORE FUND
Year ended
30 June 2012
MACQUARIE
IPO CHINA
GATEWAY
FUND
Year ended
30 June 2012
MACQUARIE
ASIA NEW
STARS FUND
Year ended
30 June 2012
Note US$ US$ US$
Cash flow from operating activities
Payment on purchase of financial assets at fair value through profit
or loss (27,624,876) (46,016,593) (56,381,020)
Proceeds from sales of financial assets at fair value through profit or
loss 26,195,989 43,680,873 38,232,227
Interest received 1,286 1,726 696
Dividends received 769,636 1,439,113 873,985
Net operating expenses paid (1,130,575) (1,944,045) (1,247,834)
Net cash outflow from operating activities (1,788,540) (2,838,926) (18,521,946)
Cash flows from financing activities
Proceeds from issue of units 100,035 2,010,535 22,753,046
Payment on redemption of units (6,292,403) (14,597,557) (7,420,446)
Net cash (outflow)/inflow from financing activities (6,192,368) (12,587,022) 15,332,600
Net decrease in cash and cash equivalents (7,980,908) (15,425,948) (3,189,346)
Cash and cash equivalents at the beginning of year 10,245,659 18,170,403 5,778,139
Cash and cash equivalents at end of year, represented by bank
balances 5 2,264,751 2,744,455 2,588,793
The notes on pages 14 to 33 are an integral part of these financial statements.
13

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
1 The Fund and the Sub-Funds
Macquarie Unit Trust Series (the “Fund”) is a Cayman Islands based umbrella trust. The Fund was
established as an exempted trust under the laws of the Cayman Islands by a trust deed (the “Trust Deed”)
dated 23 January 2007, as amended, made between MQ Portfolio Management Limited as manager and
HSBC Trustee (Cayman) Limited as trustee (the “Trustee”).
Macquarie Funds Management Hong Kong Limited (“MFMHKL”) is the manager of the Fund (the
“Manager”).The Manager is registered with Securities and Futures Commission of Hong Kong and Securities
and Exchange Commission of the United States of America. MFMHKL has appointed MQ Portfolio
Management Limited (“MQPML”) as the sub-manager (the Sub-Manager), in respect of the Fund pursuant to
a sub-management agreement. HSBC Trustee (Cayman) Limited is the trustee (the ‘’Trustee’’) of the Fund.
The Trust Deed of the Fund provides for the establishment of a number of different sub-funds. At 30 June
2013, there were four established sub-funds: Macquarie IPO China Concentrated Core Fund, IPO China
Gateway Fund, Macquarie Asia New Stars Fund and Macquarie Asia Infrastructure Equity Fund.
This financial report presents the financial statements of three of the Sub-Funds. Macquarie IPO China
Concentrated Core Fund commenced operations on 8 March 2007, Macquarie IPO China Gateway Fund
commenced operations on 8 August 2007, Macquarie Asia New Stars Fund commenced operations on 5
December 2007, (individually known as the “Sub-Fund”) and were established and constituted respectively
by a deed supplemental to the Trust Deed (the “Supplemental Deeds”). A separate financial report has been
prepared for the other Sub-Fund.
Macquarie IPO China Concentrated Core Fund, Macquarie IPO China Gateway Fund, Macquarie Asia New
Stars Fund (the ‘‘Sub-Funds’’) are authorised by the Securities and Futures Commission of Hong Kong
under Section 104(1) of the Hong Kong Securities and Futures Ordinance and are required to comply with
the Code on Unit Trusts and Mutual Funds established by the Securities and Futures Commission of Hong
Kong (the “SFC Code”). The Macquarie Asia Infrastructure Equity is not presented in this report as it is not
registered with the Securities and Futures Commission of Hong Kong, and consequently is not available to
Hong Kong residents.
The investment objective of each of the Sub-Funds is set out in note 4(a).
2 Summary of significant accounting policies
The principal accounting policies adopted in the preparation of these financial statements are set out below.
a) Basis of preparation
The financial statements of the Sub-Funds have been prepared in accordance with International Financial
Reporting Standards (IFRS). The financial statements have been prepared under the historical cost
convention, as modified by the revaluation of financial assets and financial liabilities (including derivative
financial instruments) at fair value through profit or loss.
The financial statements of the Sub-Funds are presented under a multi-column format. Each column
represents a separate and individual reporting entity, namely Macquarie IPO China Concentrated Core Fund,
Macquarie IPO China Gateway Fund, and Macquarie Asia New Stars Fund. The Fund is not a reporting
entity.
The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting
estimates. It also requires the Manager and the Trustee to exercise their judgment in the process of applying
the accounting policies of each of the Sub-Funds. The areas involving a higher degree of judgment or
complexity are disclosed in note 4.
The term net assets refers to net assets attributable and redeemable by unitholders unless otherwise stated.
14

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
2 Summary of significant accounting policies (continued)
a) Basis of preparation (continued)
New accounting standards
Certain new Accounting Standards and Interpretations have recently been issued or amended but are not yet
effective and have not been adopted by the Sub-Funds for the annual reporting year ended 30 June 2013.
The directors of the Sub-Funds have not early adopted any of these new or amended standards or
interpretations as listed below:
i) IFRS 9 Financial Instruments: Classification and Measurement
IFRS 9 was issued by the IASB in November 2009 and amended in December 2011. It introduces new
requirements for the classification and measurement of financial assets effective from January 1, 2015 with
early adoption permitted.
ii) IFRS 10 Consolidated Financial Statements
IFRS 10 establishes a new control model that applies to all entities. It replaces parts of IAS 27 Consolidated
and Separate Financial Statements dealing with the accounting for consolidated financial statements and
SIC 12 Consolidation-Special Purpose Entities.
iii) IFRS 12 Disclosures of Interests in Other Entities
IFRS 12 includes all disclosures relating to an entity's interests in subsidiaries, joint arrangements,
associates and structured entities. New disclosures have been introduced about the judgements made by
management to determine whether control exists, and to require summarised information about joint
arrangements, associates and structured entities and subsidiaries with non-controlling interests.
iv) IFRS 13 Fair Value Measurement
IFRS 13 establishes a single source of guidance under IFRS for determining the fair value of assets and
liabilities. IFRS 13 does not change when an entity is required to use fair value, but rather, provides guidance
on how to determine fair value when fair value is required or permitted. Application of this definition may
result in different fair values being determined for the relevant assets.
IFRS 13 also expands the disclosure requirements for all assets or liabilities carried at fair value. This
includes information about the assumptions made and the qualitative impact of those assumptions on the fair
value determined.
IFRS 13 will be adopted by the Sub-Funds on the next reporting period commencing 1 July 2013. The Sub-
Funds have not yet decided when to adopt IFRS 9, IFRS 10 and IFRS 12. Management does not expect this
will have a significant effect on the Sub-Funds’ financial statements.
Standards and interpretations that are not expected to have a material impact on the Sub-Funds have not
been included.
b) Foreign currency translation
i) Functional and presentation currency
In view of the international nature of the operations of each of the Sub-Funds, the amounts shown in these
financial statements are presented in United States dollars (“US$”) which are the Sub-Funds’ functional and
presentation currency. The Manager considers the United States dollar to be the functional currency of the
Macquarie IPO China Concentrated Core Fund, the Macquarie IPO China Gateway Fund, and the
Macquarie Asia New Stars Fund due to unitholders’ funds being raised in United States dollars.
15

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
2 Summary of significant accounting policies (continued)
b) Foreign currency translation (continued)
ii) Transactions and balances
Foreign currency transactions are translated into the functional currency using the exchange rates prevailing
at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such
transactions and from the translation at year-end exchange rates of monetary assets and liabilities
denominated in foreign currencies are recognised in the statements of comprehensive income. Translation
differences on non-monetary financial assets such as financial assets at fair value through profit or loss are
recognised on the statements of comprehensive income within the fair value net gains or losses.
c) Financial assets at fair value through profit or loss
i) Classification
The Sub-Funds’ investments are categorised as at fair value through profit or loss. They comprise:
• Financial instruments held for trading
These include derivative financial instruments such as forward foreign currency contracts. The Sub-
Funds do not designate any derivatives as hedges in a hedging relationship.
• Financial instruments designated at fair value through profit or loss upon initial recognition
These include financial assets that are not held for trading purposes and which may be sold. These
include investments in fixed interest securities and discount securities.
Financial assets and financial liabilities may be designated at fair value through profit or loss at inception if
they are managed and their performance evaluated on a fair value basis in accordance with the Sub-Funds’
documented investment strategy. The Sub-Funds’ policy is for the Manager to evaluate the information about
these financial assets on a fair value basis together with other related financial information.
ii) Recognition/derecognition
Purchases and sales of investments are recognised on the trade date - the date on which each of the Sub-
Funds commits to purchase or sell the investment. Investments are derecognised when the rights to receive
cash flows from the investments have expired or each of the Sub-Funds has transferred substantially all risks
and rewards of ownership.
iii) Measurement
Financial assets and liabilities held at fair value through profit or loss are measured initially at fair value
excluding any transaction costs that are directly attributable to the acquisition or issue of the financial asset or
financial liability. Transaction costs on financial assets and financial liabilities at fair value through profit or loss
are expensed immediately. Subsequent to initial recognition, all instruments held at fair value through profit
or loss are measured at fair value with changes in their fair value recognised in the statement of
comprehensive income.
• Fair value in an active market
The fair value of financial assets and liabilities traded in active markets is based on their quoted market
prices at the statement of financial position date without any deduction for estimated future selling costs.
Financial assets are priced at current bid prices, while financial liabilities are priced at current asking
prices.
• Fair value in an inactive or unquoted market
The fair value of financial assets and liabilities that are not traded in an active market is determined
using valuation techniques. These include the use of recent arm’s length market transactions, reference
to the current fair value of a substantially similar other instrument, discounted cash flow techniques,
option pricing models or any other valuation technique that provides a reliable estimate of prices
obtained in actual market transactions.
Where discounted cash flow techniques are used, estimated future cash flows are based on
management’s best estimates and the discount rate used in a market rate at the statement of financial
position date applicable for an instrument with similer terms and conditions.
16

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
2 Summary of significant accounting policies (continued)
c) Financial assets at fair value through profit or loss (continued)
The fair value of derivatives that are not exchange-traded is estimated at the amount that the Trust would
receive or pay to terminate the contract at the statement of financial position date taking into account current
market conditions (volatility and appropriate yield curve) and the current creditworthiness of the
counterparties.
d) Income and expense
Dividend income is recognised in the statements of comprehensive income when the right to receive
payment by each of the Sub-Funds is established.
Interest income and expense is recognised in the statements of comprehensive income on a time-proportion
basis using the effective interest method.
Expenses are accounted for on an accruals basis and charged to the statements of comprehensive income
as incurred.
e) Payables
Payables are recognised initially at fair value and subsequently measured at amortised cost using the
effective interest method.
f) Receivables
Receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in
an active market and are subsequently measured at amortised cost using the effective interest method, less
provision for impairment.
g) Cash and cash equivalents
For the purpose of presentation in the statement of cash flows, cash includes cash on hand and deposits
held at call with financial institutions. Cash equivalents include other short term, highly liquid investments
with original maturities of three months or less from the date of acquisition that are readily convertible to
known amounts of cash, which are subject to an insignificant risk of changes in value and are held for the
purpose of meeting short term cash commitments rather than for investment or other purposes. Bank
overdrafts and borrowings, if any, are shown separately on the statement of financial position.
Payments and receipts relating to the purchase and sale of investment securities are classified as cash flows
from operating activities, as movements in the fair value of these securities represent the Sub-Fund's main
income generating activity.
h) Amounts due from and due to brokers
Amounts due from and due to brokers represent receivables for listed equity securities sold and payables for
listed equity securities purchased that have been contracted for but not yet settled or delivered on the year
end date, respectively.
These amounts are recognised initially at fair value and subsequently measured at amortised cost using the
effective interest method, less provision for impairment for amounts due from brokers. A provision for
impairment of amounts due from brokers is established when there is objective evidence that each of the
Sub-Funds will not be able to collect all amounts due from the relevant broker. Significant financial difficulties
of the broker, probability that the broker will enter bankruptcy or financial reorganisation, and default in
payments are considered indicators that the amounts due from brokers are impaired. Once a financial asset
or a group of similar financial assets has been written down as a result of an impairment loss, interest
income is recognised using the rate of interest used to discount the future cash flows for the purpose of
measuring the impairment loss.
17

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
2 Summary of significant accounting policies (continued)
h) Amounts due from and due to brokers (continued)
The effective interest method is a method of calculating the amortised cost of a financial asset or financial
liability and of allocating the interest income or interest expense over the relevant period. The effective
interest rate is the rate that exactly discounts estimated future cash payments or receipts throughout the
expected life of the financial instrument, or, when appropriate, a shorter period, to the net carrying amount of
the financial asset or financial liability. When calculating the effective interest rate, each of the Sub-Funds
estimates cash flows considering all contractual terms of the financial instrument but does not consider future
credit losses. The calculation includes all fees and points paid or received between parties to the contract
that are an integral part of the effective interest rate, transaction costs and all other premiums or discounts.
i) Units
Units of each of the Sub-Funds are redeemable at the option of the unitholders and are classified as financial
liabilities. The units can be put back to the respective Sub-Fund for cash equal to a proportionate share of
the respective Sub-Fund’s net asset value. The unit is carried at the redemption amount that is payable at
the year end date if the unitholder exercises the right to put the units back to the respective Sub-Fund.
Units are issued and redeemed at the unitholders’ option at prices based on the Sub-Fund’s net asset value
per unit at the time of issue or redemption. The respective Sub-Fund’s net asset value per unit is calculated
by dividing the net assets attributable to the unitholders with the total number of outstanding units.
In accordance with the provisions of the Explanatory Memorandum of each of the Sub-Funds, investment
positions are valued based on the last traded market price for the purpose of determining the net asset value
per unit for subscriptions and redemptions. However, as stated in note 2(c), for the purpose of compliance
with IFRS, investment positions are valued at bid/ask price. Consequently, the differences described above
adjust the carrying amount of the net assets attributable to unitholders as set out in note 3.
j) Proceeds and payments on subscriptions and redemption of units
The net asset value of each of the Sub-Funds is computed daily. Prices for subscriptions and redemptions
are based on the net asset value per unit calculated as at the close of business on the relevant valuation day
in accordance with each of the Sub-Fund’s Explanatory Memorandum.
Proceeds and payments for units subscribed and redeemed are shown as movements in the statements of
changes in net assets attributable to unitholders.
k) Transaction costs
Transaction costs are costs incurred to acquire financial assets or liabilities at fair value through profit or loss.
They include fees and commissions paid to agents, advisors, brokers and dealers. Transaction costs, when
incurred, are immediately recognised in the statements of comprehensive income.
l) Taxation
Under current laws of the Cayman Islands, there is no income, estate, transfer, sales or other Cayman Island
taxes payable by the Fund. Generally, the Fund intends to conduct its affairs so as not to be liable to taxation
in any other jurisdiction, however, the Fund may invest in securities whose income is subject to nonrefundable
foreign withholding.
18

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
3 Net assets attributable to unitholders
In accordance with the provisions in the Explanatory Memorandum of each of the Sub-Funds, listed
investments are stated at the last traded price on the valuation day for the purpose of determining net asset
value per unit for subscriptions and redemptions and for various fee calculations. However, as stated in note
2(c), the accounting policy of each of the Sub-Funds for the purpose of compliance with IAS 39 and for
reporting purposes is to value its listed investments at the relevant bid/ask market prices on the year end
date. As at 30 June 2013, the difference between the valuation of listed investments stated in the financial
statements and the valuation methodology indicated in the Explanatory Memorandum of each of the Sub-
Funds, is as follows:
Macquarie IPO China Concentrated Core Fund 2013 2012
USD
USD
Net assets attributable to unitholders (calculated in accordance with the Explanatory
31,323,817 32,975,371
Memorandum)
Adjustment from last traded prices to bid/ask market prices (116,219) (62,067)
Net assets attributable to unitholders (calculated in accordance with IFRS) 31,207,598 32,913,304
Macquarie IPO China Gateway Fund 2013 2012
USD
USD
Net assets attributable to unitholders (calculated in accordance with the Explanatory
59,458,933 56,759,112
Memorandum)
Adjustment from last traded prices to bid/ask market prices (205,764) (140,397)
Net assets attributable to unitholders (calculated in accordance with IFRS) 59,253,169 56,618,715
Macquarie Asia New Stars Fund 2013 2012
USD
USD
Net assets attributable to unitholders (calculated in accordance with the Explanatory
58,615,706 41,294,786
Memorandum)
Adjustment from last traded prices to bid/ask market prices (350,038) (162,271)
Net assets attributable to unitholders (calculated in accordance with IFRS) 58,265,668 41,132,515
Net assets attributable to unitholders at last traded market prices represent a liability in the statements of
financial position, carried at the redemption amount that would be payable at the year end date if the
unitholders exercised their right to redeem the units in the respective Sub-Funds.
4 Financial risk management
a) Strategies in using financial instruments
Each of the Sub-Funds’ activities expose them to a variety of financial risks: market risk (including price risk,
currency risk, and interest rate risk), credit risk and liquidity risk.
The overall risk management programme of each of the Sub-Funds focuses on ensuring compliance with the
respective Sub-Fund’s investment objective and seeks to maximise the returns derived for the level of risk to
which the respective Sub-Fund is exposed. The Sub-Funds use derivatives and other instruments for trading
purposes and in connection with its risk management activities. The Sub-Funds may use derivative financial
instruments for currency hedging.
Derivatives are not used to gear (leverage) the portfolio. Gearing a portfolio would occur if the level of
exposure to the markets exceed the underlying value of the Trust.
Financial risk management is carried out by the risk management department of the Manager under policies
approved by senior managers or by the board of the Manager.
Macquarie IPO China Concentrated Core Fund
Investment objective
The Sub-Fund invests in listed equities with a focus on People’s Republic of China (“PRC”) related IPO
Securities principally those listed in Hong Kong, US and Singapore.
19

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
4 Financial risk management (continued)
a) Strategies in using financial instruments (continued)
Policies and processes
The Manager constructs an investment portfolio consisting of newly listed stocks that meet the Sub-Fund’s
quantitative and qualitative criteria based on independent research and investment techniques. When the
Manager determines that new IPO Securities are suitable for the investment portfolio, the Manager may
remove an IPO Security and re-balance the portfolio.
In circumstances where the Manager makes an application for a security that will be listed and the
Manager’s allocation through the primary market is scaled back, secondary market purchases may be made.
The Manager will determine the weightings it considers appropriate from time to time in its discretion. Cash
and money market instruments will also be held to manage the liquidity within the Sub-Fund’s portfolio. The
number of IPO Securities to be held within the investment portfolio will be determined by the Manager from
time to time.
Macquarie IPO China Gateway Fund
Investment objective
The Macquarie IPO China Gateway Fund’s investment objective is to provide unitholders exposure to returns
from initial public offerings and secondary market trading of equity securities of companies which have been
recently listed. This is achieved by:
• directly by investing in equity securities or other related financial instruments which are or will be listed
predominantly on stock exchanges in Hong Kong, Singapore, Taiwan or the United States of America
(the “Direct Portfolio”); and
• indirectly by investing in the Macquarie IPO China Concentrated Core Fund (the “Indirect Portfolio”).
The exposure of the Sub-Fund is maintained by investing 70% to 100% in the Direct Portfolio and 0% to 30%
in the Indirect Portfolio.
Policies and processes
In pursuit of the investment objective the Sub-Fund’s Direct Portfolio will acquire a portfolio of recent IPO
Securities. The IPO Securities to be included in the Direct Portfolio will be chosen by the Manager in
accordance with the Manager’s quantitative and qualitative investment criteria (this is described further
below). The Manager will generally seek to acquire new IPO Securities for the Direct Portfolio through the
initial public offering of the relevant IPO Securities or on the market after listing. The eligible universe of the
Direct Portfolio includes listed equities with a focus on IPO Securities listed in Hong Kong, Singapore,
Taiwan and the United States. In the case of IPO Securities not listed in Hong Kong, Singapore or Taiwan,
the IPO Securities must relate to companies which derive or are expected to derive a significant portion of
their revenues from Greater China or Singapore. The Sub-Fund intends to invest no more than 30 per cent of
its Net Asset Value in IPO Securities which are listed in markets other than Hong Kong or Taiwan and which
are not expected to derive a significant portion of their revenues from the PRC. Equity exposure in the
secondary market may be achieved through investment in shares, depositary receipts, participation rights
and potentially through other instruments which are linked to the performance of eligible IPO securities such
as participation notes, equity swaps and equity linked notes, provided that exposure via investments in such
instruments (excluding ADRs and GDRs) shall not exceed 15% of the net assets of the Sub-Fund.
The Manager will determine the investment portfolio by applying a variety of quantitative and qualitative
criteria.
The Manager will determine an appropriate number of positions to best serve the investment objectives of
the Sub-Fund having regard to the relative size of allocations that the Sub-Fund would need to make to
individual positions compared to the available liquidity and likely market impact and transaction costs of
trading those positions. The number and relative size of the positions may be adjusted from time to time. The
Direct Portfolio may also comprise cash.
20

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
4 Financial risk management (continued)
a) Strategies in using financial instruments (continued)
The Sub-Fund may invest up to 30% of its net assets in the Macquarie IPO China Concentrated Core Fund,
i.e. the Indirect Portfolio. The Direct Portfolio may also acquire IPO Securities that are within the eligible
universe of the Macquarie IPO China Concentrated Core Fund and the investments in the Direct and Indirect
Portfolio will in aggregate comply with investment restrictions applicable to the Sub-Fund. The Manager, in
its capacity as the manager of the Macquarie IPO China Concentrated Core Fund, will not be entitled to any
preliminary charge, management fee, administration fee and performance fee (if any) payable in respect of
any component of the Sub-Fund that is invested in the Macquarie IPO China Concentrated Core Fund.
The Sub-Fund’s investments in the Macquarie IPO China Concentrated Core Fund shall be the only
investment by the Sub-Fund in other collective investment schemes.
Macquarie Asia New Stars Fund
Investment objective
The investment objective of the Macquarie Asia New Stars Fund is to provide unitholders with exposure
returns from:
• Small market capitalisation equity securities with exposure to any one or more countries within Asia.
• Initial public offerings and newly listed small market capitalisation equity securities with exposure to any
one or more countries within Asia.
Policies and processes
The investment portfolio includes small market capitalisation equity securities as defined by the Manager.
The Manager selects the equity securities based on both quantitative and qualitative investment techniques.
In respect of the investments in initial public offerings or those recently listed, if allocations from initial public
offerings are limited, the Manager will purchase the shortfall of the targeted equity securities from the stock
exchanges after listing. The Manager intends to hold up to 30 recently listed equity securities, comprising up
to 30% of the total investment balance, whereby each equity security may have a weighting up to 7.5% of the
total investment balance.
The Manager may utilize several risk management filters to manage the market risk by limiting up to 147
investment positions in equity securities each with a maximum weighting of 7.5% of the total investment
balance. The Manager may diversify the level of concentration in investments in equity securities in terms of
geographic region and market sector.
b) Market risk
i) Price risk
Market price risk is the risk that the value of the investments held by the respective Sub-Funds will fluctuate
as a result of changes in market prices.
Price risk is monitored by the Manager on an ongoing basis and is managed primarily through the
diversification of the investment portfolio and other policies as follows:
• Overall portfolio exposure – managed by ensuring that the overall exposure of the portfolio is in
compliance with the investment objective of the respective Sub-Funds;
• Stocks limits – manage exposure to any single stock and ensure diversification; and
• Country limits – manage exposure to any single country and ensure diversification across allowable
countries.
Each of the Sub-Funds’ investments in equity securities and investments held through the collective
investment scheme are substantially publicly traded. The Sub-Funds are not directly correlated with any
particular stock market indices. The Manager makes stock selections and monitors each of the Sub-Funds’
investment portfolios.
21

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
4 Financial risk management (continued)
b) Market risk (continued)
i) Price risk (continued)
The below tables show the impact in absolute terms, on the statements of comprehensive income of each of
the Sub-Funds, from both the negative and positive reasonable possible movements in equity prices. Actual
movements of the reasonable possible shift may be greater or less than anticipated due to a number of
factors, including unusually large market shocks resulting from changes in the performance of economies,
markets and securities subsequent to the statement of financial position date in which each of the Sub-Funds
invests. As a result, the reasonable possible shift used for the purpose of market price risk sensitivity
analysis may not be a definitive indicator of future variations in the risk variables.
The analysis is undertaken to reflect the fact that the Manager does not benchmark the performance of the
Sub-Funds against any stock indices. In deriving the reasonable possible movement for the purpose of
market price risk sensitivity analysis under “IFRS 7 - Financial Instruments: Disclosures", the Manager
considers the historical price movements and economic conditions of the investments held by each of the
Sub-Funds as at year end date based on a time frame that considers when each of the Sub-Funds will next
present the financial statements. When deciding the historical price movements and economic conditions
that each of the Sub-Funds is exposed to from the investments held at the year end date, the Manager
considers the price movements of the location of stock exchanges in which the equity securities are being
listed and the economic environment of the countries that the equity securities are exposed to.
In addition the price risk sensitivity analysis undertaken in relation to the investment by Macquarie IPO China
Gateway Fund through its investments in Macquarie IPO China Concentrated Core Fund, is derived from the
proportional impact of the price risk sensitivity of Macquarie IPO China Concentrated Core Fund held by
Macquarie IPO China Gateway Fund as at 30 June 2013 and 30 June 2012.
MACQUARIE IPO CHINA CONCENTRATED CORE FUND
Location of stock exchanges
Reasonable
possible shift
%
Year ended 30 June 2013 Year ended 30 June 2012
Impact to statements of Reasonable Impact to statements of
comprehensive income possible shift comprehensive income
US$
%
US$
Hong Kong +10/-10 2,988,739/(2,988,739) +10/-10 2,969,390/(2,969,390)
United States +10/-10 - +10/-10 123,306/(123,306)
MACQUARIE IPO CHINA GATEWAY FUND
Location of stock exchanges
Reasonable
possible shift
%
Year ended 30 June 2013 Year ended 30 June 2012
Impact to statements of Reasonable Impact to statements of
comprehensive income possible shift comprehensive income
US$
%
US$
Hong Kong +10/-10 5,447,149/(5,447,149) +10/-10 5,176,225/(5,176,225)
United States +10/-10 - +10/-10 240,741/(240,741)
Taiwan +10/-10 52,307/(52,307) +10/-10 40,912/(40,912)
22

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
4 Financial risk management (continued)
b) Market risk (continued)
i) Price risk (continued)
MACQUARIE ASIA NEW STARS FUND
Location of stock exchanges
Reasonable
possible shift
%
Year ended 30 June 2013 Year ended 30 June 2012
Impact to statements of Reasonable
Impact to statements of
comprehensive income possible shift
comprehensive income
US$
%
US$
Hong Kong +10/-10 2,230,361/(2,230,361) +10/-10 1,544,978/(1,544,978)
Indonesia +10/-10 243,162/(243,162) +10/-10 246,980/(246,980)
Philippines +10/-10 93,229/(93,229) +10/-10 390,679/(390,679)
South Korea +10/-10 897,639/(897,639) +10/-10 716,225/(716,225)
Taiwan +10/-10 839,666/(839,666) +10/-10 468,143/(468,143)
Malaysia +10/-10 144,307/(144,307) +10/-10 25,736/(25,736)
Thailand +10/-10 284,303/(284,303) +10/-10 66,847/(66,847)
India +10/-10 489,778/(489,778) +10/-10 402,709/(402,709)
Singapore +10/-10 358,132/(358,132) +10/-10 57,275/(57,275)
United States +10/-10 69,388/(69,388) +10/-10 -
ii)
Interest rate risk
The majority of the Sub-Funds’ financial assets and liabilities are non-interest bearing. As a result, the Sub-
Funds are not subject to significant amounts of risk due to fluctuations in the prevailing levels of market
interest rates. Any excess cash and cash equivalents are invested at short-term market interest rates.
iii)
Foreign exchange risk
Each of the Sub-Funds may hold both monetary and non monetary assets and liabilities denominated in
currencies other than the United States dollar. The foreign exchange risk related to non-monetary assets is a
component of price risk. Foreign exchange risk arises as the value of monetary securities denominated in
other currencies will fluctuate due to changes in exchange rates.
The majority of the Sub-Funds monetary assets and liabilities are in United States dollar. Therefore the Sub-
Funds are not exposed to significant amounts of risk due to fluctuations in foreign currency exchange rates.
c) Credit risk
Credit risk arises from cash and cash equivalents, deposits with banks and other financial institutions and
amounts due from brokers. None of these assets are impaired nor past due but not impaired.
The Sub-Funds limit exposure to credit risk by transacting the majority of its securities and contractual
commitment activities with broker-dealers, banks and regulated exchanges with high credit ratings that the
Manager considers to be well established.
The exposure to credit risk for cash and cash equivalents and deposits with banks is low as all
counterparties have a rating of at least AA- (2012: A-) as determined by Standard and Poor’s rating agency.
Other than for cash and cash equivalents the Sub-Funds do not have a concentration of credit risk that
arises from an exposure to a single counterparty. Furthermore, the Sub-Funds do not have a material
exposure to a group of counterparties which are expected to be affected similarly by changes in economic or
other conditions.
The maximum exposure to credit risk at the reporting date is the carrying amount of cash and cash
equivalents and other financial assets.
In accordance with the policy of each of the Sub-Funds, the Manager monitors the credit position of each of
the Sub-Funds on a monthly basis.
23

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
4 Financial risk management (continued)
d) Liquidity risk
The Sub-Funds are exposed to daily cash redemptions of redeemable units. It therefore invests the majority
of its assets in investments that are traded in ordinarily active markets and can generally be liquidated within
a short period of time.
The Sub-Funds may, from time to time, invest in derivative contracts traded over the counter, which are not
traded in an organised market and may be illiquid. As a result, the Sub-Fund may not be able to realise its
investments in these instruments quickly at an amount close to their fair value to meet its liquidity
requirements or to respond to specific events such as a deterioration in the creditworthiness of any particular
issuer. No such investments were held at the end of the reporting period.
In accordance with the Fund’s policy, the risk management department of the Manager monitors the Sub-
Funds’ liquidity position on a daily basis. This risk is managed by:
• monitoring liquidity with respect to liquid assets and large single client holdings
• restricting exposure to illiquid, long-dated stock floats.
Redemption of units in each of the Sub-Funds is not subject to any notice period requirement. Units in each
of the Sub-Funds are redeemable on a daily basis. If each of the Sub-Funds receives withdrawal requests
comprising more than 10% of units in issue, the Sub-Fund may pro rata the withdrawal request and stagger
the processing of remaining unsatisfied withdrawal requests. The Manager or the Trustee may suspend the
realisation of units or delay the payment of realisation proceeds during any periods in which the
determination of the Net Asset Value of the Sub-Fund is suspended. All other liabilities are payable within 30
days.
e) Fair value estimation
The carrying amounts of all the Sub-Funds’ financial assets and financial liabilities at the end of each
reporting period approximated their fair values as all financial assets and liabilities not fair valued are short
term in nature.
The Sub-Funds classify fair value measurements using a fair value hierarchy that reflects the subjectivity of
the inputs used in making the measurements. The fair value hierarchy has the following levels:
• Quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1).
• Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either
directly (that is, as prices) or indirectly (that is, derived from prices) (level 2).
• Inputs for the asset or liability that are not based on observable market data (that is, unobservable
inputs) (level 3).
The level in the fair value hierarchy within which the fair value measurement is categorised in its entirety is
determined on the basis of the lowest level input that is significant to the fair value measurement in its
entirety. For this purpose, the significance of an input is assessed against the fair value measurement in its
entirety. If a fair value measurement uses observable inputs that require significant adjustment based on
unobservable inputs, that measurement is a level 3 measurement. Assessing the significance of a particular
input to the fair value measurement in its entirety requires judgement, considering factors specific to the
asset or liability.
The determination of what constitutes 'observable' requires significant judgement by the Manager. The
Manager considers observable data to be that market data that is readily available, regularly distributed or
updated, reliable and verifiable, not proprietary, and provided by independent sources that are actively
involved in the relevant market.
24

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
4 Financial risk management (continued)
e) Fair value estimation (continued)
For instruments for which there is currently no active market, the Sub-Fund uses a valuation model which is
accepted in the industry. Some of the inputs to that model may not be market observable and are therefore
estimated based on assumptions. The model is calibrated to an appropriate index; where relevant, however
significant adjustments may be required in order to reflect differences between the characteristics of the
index and the instrument to be valued (e.g. adjustments to reflect the spread for bid and ask prices,
counterpart’s credit spread and limitations in the model).
The following table analyses within the fair value hierarchy of the Sub-Funds’ financial assets and liabilities
(by class) measured at fair value at 30 June 2013 and 2012.
MACQUARIE IPO CHINA CONCENTRATED CORE FUND
30 June 2013 Level 1 Level 2 Level 3 Total balance
Assets
Financial assets held at fair value through profit and loss
- Equity securities 29,647,542 - 239,843 29,887,385
Total Assets 29,647,542 - 239,843 29,887,385
30 June 2012 Level 1 Level 2 Level 3 Total balance
Assets
Financial assets held at fair value through profit and loss
- Equity securities 29,851,021 332,096 743,843 30,926,960
Total Assets 29,851,021 332,096 743,843 30,926,960
MACQUARIE IPO CHINA GATEWAY FUND
30 June 2013 Level 1 Level 2 Level 3 Total balance
Assets
Financial assets held at fair value through profit and loss
- Equity securities 51,811,623 - 425,086 52,236,709
Total Assets 51,811,623 - 425,086 52,236,709
30 June 2012 Level 1 Level 2 Level 3 Total balance
Assets
Financial assets held at fair value through profit and loss
- Equity securities 52,682,728 578,238 1,317,812 54,578,778
Total Assets 52,682,728 578,238 1,317,812 54,578,778
MACQUARIE ASIA NEW STARS FUND
30 June 2013 Level 1 Level 2 Level 3 Total balance
Assets
Financial assets held at fair value through profit and loss
- Equity securities 56,472,770 - 26,869 56,499,639
Total Assets 56,472,770 - 26,869 56,499,639
30 June 2012 Level 1 Level 2 Level 3 Total balance
Assets
Financial assets held at fair value through profit and loss
- Equity securities 39,029,647 - 166,086 39,195,733
Total Assets 39,029,647 - 166,086 39,195,733
Investments classified within level 3 have significant unobservable inputs as they trade infrequently.
During the year there were no transfers between Level 1 and Level 2 (2012: nil) for any of the Sub-Funds.
25

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
4 Financial risk management (continued)
e) Fair value estimation (continued)
The following table shows a reconciliation of the movement in the fair value of financial instruments
categorised within Level 3 between the beginning and the end of the year.
30 June 2013 MACQUARIE IPO CHINA
CONCENTRATED CORE
FUND
MACQUARIE IPO CHINA
GATEWAY FUND
MACQUARIE ASIA NEW
STARS FUND
Listed equities Listed equities Listed equities
Opening balance – 1 July 2012 743,843 1,317,812 166,086
Transfers into Level 3 - - -
Transfers out of Level 3 - - -
Total gains and losses (504,000) (892,726) (139,217)
Closing balance – 30 June 2013 239,843 425,086 26,869
30 June 2012 MACQUARIE IPO CHINA
CONCENTRATED CORE
FUND
MACQUARIE IPO CHINA
GATEWAY FUND
MACQUARIE ASIA NEW
STARS FUND
Listed equities Listed equities Listed equities
Opening balance – 1 July 2011 3,365,979 6,007,602 355,674
Transfers into Level 3 272,732 482,580 143,172
Transfers out of Level 3 (56,082) (111,662) -
Total gains and losses (2,838,786) (5,060,708) (332,760)
Closing balance – 30 June 2012 743,843 1,317,812 166,086
At 30 June 2013 and 30 June 2012, the Level 3 investments of each of the three Sub-Funds consisted of
investments into securities whose shares were suspended from international stock exchanges. Accordingly,
the valuation inputs for these securities were not based on market observable inputs. The transfers into
Level 3 from Level 1 during the year ended 30 June 2012 resulted from shares held being suspended from
international stock exchanges. The total gains and losses represent the realised losses on the sale of
investments and unrealised gain due to adjustments to the fair value of Level 3 securities.
The fair value of the securities have been assessed by the Fair Value Committee of the investment manager
who has determined the best estimate valuation for the security based on available information. Factors
considered by the Fair Value Committee in determining the fair value could include cost, type of investment,
recent purchase and/or sales of the same by other investors, the current financial position and operating
results of the company invested in and such other factors as may be deemed relevant.
5 Cash and cash equivalents
Cash at bank Currency As at 30 June 2013 As at 30 June 2012
MACQUARIE IPO CHINA CONCENTRATED CORE FUND US$ 1,231,043 2,264,751
MACQUARIE IPO CHINA GATEWAY FUND US$ 3,120,529 2,744,455
MACQUARIE ASIA NEW STARS FUND US$ 3,519,641 2,588,793
6 Amount due from brokers
MACQUARIE IPO CHINA
CONCENTRATED CORE FUND
MACQUARIE IPO CHINA
GATEWAY FUND
MACQUARIE ASIA NEW STARS
FUND
30 June 2013 US$ US$ US$
Amount due for sale of securities - 2,757,848 -
Due from broker 84,684 1,456,593 579,719
Total amount due from brokers 84,684 4,214,441 579,719
26

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
6 Amount due from brokers (continued)
MACQUARIE IPO CHINA
CONCENTRATED CORE FUND
MACQUARIE IPO CHINA
GATEWAY FUND
MACQUARIE ASIA NEW STARS
FUND
30 June 2012 US$ US$ US$
Amount due for sale of securities - - -
Due from broker - - 154,204
Total amount due from brokers - - 154,204
A tender offer for TRAUSON HOLDINGS CO ORD HKD0.1 happened after the financial year-end, in result
of a material impact on the financial position of Macquarie IPO China Gateway Fund. Therefore, the fair
value of TRAUSON HOLDINGS CO ORD HKD0.1 (USD2,757,848) has been included in Amount Due From
Brokers.
7 Financial assets held at fair value through profit or loss
MACQUARIE IPO
CHINA
CONCENTRATED
CORE FUND
MACQUARIE IPO
CHINA GATEWAY
FUND
MACQUARIE ASIA
NEW STARS FUND
30 June 2013 US$ US$ US$
Designated at fair value through profit or loss
Listed equity securities 29,887,385 52,236,709 56,499,639
Total financial assets held at fair value through profit or loss 29,887,385 52,236,709 56,499,639
MACQUARIE IPO
CHINA
CONCENTRATED
CORE FUND
MACQUARIE IPO
CHINA GATEWAY
FUND
MACQUARIE ASIA
NEW STARS FUND
30 June 2012 US$ US$ US$
Designated at fair value through profit or loss
Listed equity securities 30,594,864 54,000,540 39,195,733
Unlisted equity securities 332,096 578,238 -
Total financial assets held at fair value through profit or loss 30,926,960 54,578,778 39,195,733
8 Net gains/(losses) on financial instruments held at fair value through profit or loss
Net losses and gains recognised in relation to financial assets and financial liabilities held at fair value
through profit or loss
MACQUARIE IPO CHINA CONCENTRATED CORE FUND
Financial Assets
Year ended 30 June 2013
US$
Year ended 30 June 2012
US$
Net gains/(losses) on financial instruments designated as at fair value through profit or loss 6,242,976 (17,152,930)
Net foreign exchange gains 92 14
Net gains/(losses) on financial instruments designated as at fair value through profit or
loss 6,243,068 (17,152,916)
MACQUARIE IPO CHINA GATEWAY FUND
Year ended 30 June 2013
US$
Year ended 30 June 2012
US$
Net gains/(losses) on financial instruments designated as at fair value through profit or loss 15,378,135 (29,062,404)
Net foreign exchange gains/(losses) 3,430 (28,690)
Net gains/(losses) on financial instruments designated as at fair value through profit or
loss 15,381,565 (29,091,094)
27

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
8 Net gains/(losses) on financial instruments held at fair value through profit or loss (continued)
MACQUARIE ASIA NEW STARS FUND
Year ended 30 June 2013 Year ended 30 June 2012
US$
US$
Net gains/(losses) on financial instruments designated as at fair value through profit or loss 14,129,073 (8,517,196)
Net foreign exchange losses (99,345) (46,729)
Net gains/(losses) on financial instruments designated as at fair value through profit or
loss 14,029,728 (8,563,925)
9 Related party transactions/transactions with the Trustee, the Manager and their connected
persons
Parties are considered to be related if one party has the ability to control the other party or exercise significant
influence over the other party in making financial or operational decisions.
Related parties of each of the Sub-Funds are the Trustee, the Manager and their connected persons. All
transactions entered into during the year between the Sub-Funds, the Trustee, the Manager and their
connected persons were carried out in the normal course of business and on normal commercial terms. To
the best of the knowledge of the Trustee and the Manager, each of the Sub-Funds does not have any other
transactions with their connected persons except for those disclosed below.
a) Management fee
The Manager is entitled to receive a management fee from each of the Sub-Funds of up to 2.0% per annum
of the net asset value, however, it is the intention of the Manager to charge a fee of 1.5% (2012: 1.5%) per
annum of the net asset value of the respective Sub-Funds calculated as at each valuation day. The
management fee is accrued on a daily basis and payable quarterly.
The management fees charged during the year and the amount outstanding at year end date are as follows:
Management fee expense
Management fee payable
2013 2012 2013 2012
US$ US$ US$ US$
MACQUARIE IPO CHINA CONCENTRATED CORE FUND 493,193 611,040 123,048 132,884
MACQUARIE IPO CHINA GATEWAY FUND 886,012 1,036,567 229,568 229,247
MACQUARIE ASIA NEW STARS FUND 355,863 385,111 93,812 86,347
b) Performance fee
The Manager is also entitled to receive a performance fee from each of the Sub-Funds. Performance fees
from each of the Sub-Funds is payable annually in arrears after the end of the relevant performance period,
which is the end of the year ended 30 June 2013.
The performance fee is calculated at 10% (2012: 10%) of the difference between the net asset value per unit
of the respective Sub-Funds on each valuation day (after accrual of all other fees and expenses but before
performance fee accrual) and the benchmark value (the “Benchmark Value”) provided that on such valuation
day the net asset value per unit of the Sub-Funds is above the Benchmark Value.
The Benchmark Value for the initial performance period will be set at 5% per annum above the high water
mark (the “High Water Mark”) and adjusted upwards with any new subscriptions made during that
performance period at above the Benchmark Value at the time of subscription on a weighted average basis.
For each of the performance periods thereafter, the Benchmark Value will be set at 5% per annum above the
previous Benchmark Value (adjusted by deducting distributions and performance fee) and adjusted upwards
with any new subscriptions made during that performance period at above the Benchmark Value at the time
of subscription on a weighted average basis until the High Water Mark is re-set to a higher value.
The High Water Mark for each performance period will be set as the higher of the issue price and the highest
net asset value per unit of the respective Sub-Funds as at the end of any previous performance period,
adjusted by deducting performance fee and distributions. On the first issue of units in any Sub-Funds, the
High Water Mark will equal the issue price (the “Issue Price”) which is US$10 per unit.
28

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
9 Related party transactions/transactions with the Trustee, the Manager and their connected
persons (continued)
b) Performance fee (continued)
The cumulative performance fee accruals from the beginning of a performance period will be included in the
calculation of the net asset value per unit of the respective Sub-Funds. In the event of the net asset value per
unit of the respective Sub-Funds being less than the Benchmark Value, the daily performance fee accrual
will be negative and will reduce the cumulative performance fee accrual until the accrual reaches a minimum
level of zero. No further daily performance fee accruals will be made until the net asset value per unit of the
respective Sub-Funds exceeds the Benchmark Value.
At the end of a performance period the positive balance of the performance fee accrual will become payable
to the Manager and the performance fee accrual in the net asset value per unit of the respective Sub-Funds
will be reset to zero.
If any units are realised during a performance period, the cumulative performance fee accrued during such
performance period in respect of those units shall be crystallised and become payable to the Manager.
The performance fees charged during the year and the amount outstanding at the year end date are as
follows:
Performance fee expense
Performance fee payable
2013 2012 2013 2012
US$ US$ US$ US$
MACQUARIE IPO CHINA CONCENTRATED CORE FUND - - - -
MACQUARIE IPO CHINA GATEWAY FUND - - - -
MACQUARIE ASIA NEW STARS FUND 6,250 2,004 6,151 2,004
c) Administration fee
The Manager is entitled to receive an administration fee from each of the Sub-Funds of up to 1.0% per
annum of the net asset value of the respective Sub-Funds, however, it is the intention of the Manager to
charge a fee of 0.25% (2012: 0.25%) per annum of the net asset value of the respective Sub-Funds. Such
fees are accrued daily and calculated as at each valuation day for the respective Sub-Funds and is payable
quarterly in arrears.
The administration fees charged during the year end and the amount outstanding at year end date are as
follows:
Administration fee expense
Administration fee payable
2013 2012 2013 2012
US$ US$ US$ US$
MACQUARIE IPO CHINA CONCENTRATED CORE FUND 82,199 101,840 20,508 22,147
MACQUARIE IPO CHINA GATEWAY FUND 147,669 172,761 38,261 38,208
MACQUARIE ASIA NEW STARS FUND 59,311 64,185 15,635 14,391
d) Transaction handling fee
The Trustee is entitled to receive a transaction handling fee for each purchase and sales transaction based
on the stock exchanges where the equity securities are listed.
The transaction handling fees charged during the year and the amount outstanding as at year end are as
follows:
Transaction handling fee expense
Transaction handling fee payable
2013 2012 2013 2012
US$ US$ US$ US$
MACQUARIE IPO CHINA CONCENTRATED CORE FUND 11,525 23,850 800 1,200
MACQUARIE IPO CHINA GATEWAY FUND 11,725 24,250 900 1,250
MACQUARIE ASIA NEW STARS FUND 66,159 35,408 12,287 6,983
29

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
9 Related party transactions/transactions with the Trustee, the Manager and their connected
persons (continued)
e) Trustee fee and reimbursement by the Manager
The Trustee is entitled to receive a trustee fee of 1% (2012: 1%) per annum of the net asset value of each of
the Sub-Funds. The trustee fee is borne by the Manager. The Trustee is also entitled to reimbursement from
the Manager for any transaction, processing and valuation fees, and such other applicable fees as may be
agreed with the Manager.
f) Bank balances
Bank balances are maintained with HSBC Institutional Trust Services (Asia) Limited a related party of the
Trustee. Bank balances held with HSBC as at year end date were:
2013 2012
US$
US$
MACQUARIE IPO CHINA CONCENTRATED CORE FUND 1,231,043 2,264,751
MACQUARIE IPO CHINA GATEWAY FUND 3,120,529 2,744,455
MACQUARIE ASIA NEW STARS FUND 3,519,641 2,588,793
g) Manager’s and its related parties’ holding in the Sub-Funds
As at 30 June 2013 and 30 June 2012, the following key management personnel and parties related to the
Manager held units in the Sub-Funds:
30 June 2013 Fund Units Held
John Bugg Macquarie Asia New Stars Fund Class A1 6,099.22
John Bugg Macquarie Asia New Stars Fund Class A2 23,622.97
Axel Maier Macquarie Asia New Stars Fund Class A2 15,829.27
Macquarie Investment Management Limited as RE For
MQNS Feeder Fund
Macquarie Asia New Stars Fund Class I 2,099,496.23
30 June 2012 Fund Units Held
Paul Li Macquarie IPO China Gateway Fund Class A2 503.575
John Bugg Macquarie Asia New Stars Fund Class A1 6,099.224
John Bugg Macquarie Asia New Stars Fund Class A2 13,218.553
Robert Hector John Spence Macquarie Asia New Stars Fund Class A2 2,907.864
Macquarie Investment Management Limited as RE For
MQNS Feeder Fund
Macquarie Asia New Stars Fund Class I 1,555,470.876
h) Transactions in equity securities of companies with a common director
As at 30 June 2013, no equity securities that each of the Sub-Funds invested in has a common director with
the Manager (2012: nil).
i) Holdings in other Sub-Funds
No Sub-Funds have a holding in another Sub-Fund (2012: nil).
j) Bank borrowing
Each of the Sub-Funds has entered into a secured short term bank borrowing with The Hong Kong and
Shanghai Banking Corporation Limited (the “Bank”), a related party of the Trustee for the lesser of
US$30,000,000 or an amount which is 25% of the net asset value held by the Bank, the Custodian (as
defined below) or their affiliates. As at 30 June 2013 none of the Sub-Funds had utilised this facility (2012:
nil).
30

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
9 Related party transactions/transactions with the Trustee, the Manager and their connected
persons (continued)
j) Bank borrowing (continued)
The interest expenses incurred on the borrowing during the year was:
2013 2012
US$
US$
MACQUARIE IPO CHINA CONCENTRATED CORE FUND - -
MACQUARIE IPO CHINA GATEWAY FUND - -
MACQUARIE ASIA NEW STARS FUND - 49
The maximum amounts of secured short term bank borrowing drawn during the year were:
2013 2013 2012 2012
US$ HK$ US$ HK$
MACQUARIE IPO CHINA CONCENTRATED CORE FUND - - - 4,000,066
MACQUARIE IPO CHINA GATEWAY FUND - - - -
MACQUARIE ASIA NEW STARS FUND - - 565,000 -
Bank deposits and balances and listed equity securities are held with HSBC Institutional Trust Services
(Asia) Limited (the “Custodian”). The Custodian also provides the clearing and depository operations for
security transactions for each of the Sub-Funds. The Custodian provides loans and finance to each of the
Sub-Funds and, as continuing security for the payment and discharge of all liabilities of each of the Sub-
Funds, assets held by the Custodian will be charged in favour of the Custodian.
k) Other services
The Sub-Funds may utilize the brokerage, custodian, agency and banking services of the Trustee, the
Manager and their Connected Persons.
10 Taxation
The Fund was established as an exempted trust under the laws of Cayman Islands, and obtained an
undertaking from the Governor-in-Council of the Cayman Islands that, in accordance with Section 81 of the
Trusts Law (2001 Revision) of the Cayman Islands, for a period of 50 years from 23 January 2007, no laws
thereafter enacted in the Cayman Islands imposing any tax or duty on income, capital assets, gains or
appreciations will apply to the Fund. The reporting entities, being the Macquarie IPO China Concentrated
Core Fund, Macquarie IPO China Gateway Fund, and Macquarie Asia New Stars Fund which are Sub-Funds
constituted respectively by the Supplemental Deeds to the Trust Deed of the Fund, accorded the same
exemption received by the Fund.
No provision for Hong Kong profits tax has been made as the dividend and interest income and realised
gains on disposal of investments of each of the Sub-Funds are excluded from the charge to profits tax under
Section 14, 26 or 26A of the Hong Kong Inland Revenue Ordinance.
Overseas withholding tax was charged on certain dividend and interest income received during the year.
31

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
11 Soft commission arrangements
The Manager may effect transactions, provided that any such transaction is consistent with standards of best
execution, by or through the agency of another person for the account of each of the Sub-Funds with whom
the Manager or any of its Connected Persons have an arrangement under which that party will from time to
time provide to or procure for the Manager or any of its Connected Persons goods, services or other benefits
(such as research and advisory services, computer hardware associated with specialized software or
research services and performance measures) the nature of which is such that their provision can
reasonably be expected to benefit each of the Sub-Funds as a whole and may contribute to an improvement
in the performance of each of the Sub-Funds. For the avoidance of doubt, such goods and services may not
include travel, accommodation, entertainment, general administrative goods or services, general office
equipment or premises, membership fees, employees’ salaries or direct money payments.
As at 30 June 2013 neither the Manager nor any of its Connected Persons received soft commissions from
brokers or dealers in respect of transactions for the account of each of the Sub-Funds (2012: nil).
12 Units
Each of the Sub-Funds’ capital is represented by units. Unitholders who wish to realize their units may do so
on any Dealing Day by submitting a realization request to the Service Provider to the Trustee or to an
authorized distributor before the Dealing Deadline for the relevant Sub-Fund. They are entitled to payment of
a proportionate share based on the respective Sub-Fund’s net asset value per unit on the redemption date.
The relevant movements are shown on the statement of changes in net assets attributable to unitholders. In
accordance with the objective outlined in note 1 and the risk management policies in note 4, each of the Sub-
Funds endeavour to invest the subscriptions received in appropriate investments while maintaining sufficient
liquidity to meet redemptions, such liquidity being augmented by short-term borrowings or disposal of
investments in listed equity securities where necessary. With a view to protecting the interests of Unitholders,
the Manager or the Trustee may suspend the realization of Units or delay the payment of realization
proceeds during any periods if the number of Units of any Sub-Fund realized on any Dealing Day exceeds
10 per cent. of the total number of Units of the relevant Sub-Fund in issue.
The minimum initial investment for Units in the Sub-Funds is USD 3,000 with minimum subsequent
subscriptions and redemptions of USD 1,000. The Manager or the Trustee may suspend the realisation of
Units or delay the payment of realisation proceeds during any periods in which the determination of the Net
Asset Value of the Sub-Fund is suspended.
Meetings of Unitholders may be convened by the Manager or the Trustee, and the Unitholders of 10 per
cent. or more in value of the Units in issue may require a meeting to be convened. Unitholders will be given
not less than 21 days’ notice of any meeting. On a show of hands, every individual Unitholder present in
period or by representative has one vote; on a poll every Unitholder present in person, by proxy or by
repsentative has one vote for every Unit of which he is the holder.
The Sub-Funds’ capital are the aggregate of unit classes:
Macquarie IPO China Concentrated Fund Units on issue Redemption unit price Net assets attributable to unitholders
(calculated in accordance with the
explanatory memorandum)
2013 2013 2013
No. USD USD
Class A1 7,033,586 4.0808 28,699,846
Class A2 304,142 8.6283 2,623,971
Total 31,323,817
Macquarie IPO China Concentrated Fund Units on issue Redemption unit price Net assets attributable to unitholders
(calculated in accordance with the
explanatory memorandum)
2012 2012 2012
No. USD USD
Class A1 9,109,362 3.3724 30,718,966
Class A2 316,459 7.1305 2,256,405
Total 32,975,371
32

MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
12 Units (continued)
Macquarie IPO China Gateway Fund Units on issue Redemption unit price Net assets attributable to unitholders
(calculated in accordance with the
explanatory memorandum)
2013 2013 2013
No. USD USD
Class A1 7,483,995 7.1664 53,616,256
Class A2 507,555 10.4132 5,283,592
Class A3 52,700 10.6122(HKD82.3180) 559,085
Total 59,458,933
Macquarie IPO China Gateway Fund Units on issue Redemption unit price Net assets attributable to unitholders
(calculated in accordance with the
explanatory memorandum)
2012 2012 2012
No. USD USD
Class A1 9,827,657 5.5194 54,240,261
Class A2 311,161 8.0201 2,495,427
Class A3 2,866 8.1734(HKD63.3920) 23,424
Total 56,759,112
Macquarie Asia New Stars Fund Units on issue Redemption unit price Net assets attributable to unitholders
(calculated in accordance with the
explanatory memorandum)
2013 2013 2013
No. USD USD
Class A1 152,373 13.7745 2,098,782
Class A2 1,028,976 19.5054 20,069,816
Class I 2,099,496 17.3606 36,447,108
Total 58,615,706
Macquarie Asia New Stars Fund Units on issue Redemption unit price Net assets attributable to unitholders
(calculated in accordance with the
explanatory memorandum)
2012 2012 2012
No. USD USD
Class A1 317,787 10.3156 3,278,079
Class A2 1,242,146 14.6074 18,144,055
Class I 1,555,471 12.7763 19,872,652
Total 41,294,786
13 Contingent assets and liabilities and commitments
The Fund and the Sub-Funds have no contingent assets, contingent liabilities or commitments as at 30 June
2013 and 30 June 2012.
14 Events occurring after year end
No significant events have occurred since the end of the financial period which would impact on the financial
position of the Sub-Funds disclosed in the statement of financial position as at 30 June 2013, or on the
results and cash flows of the Sub-Funds for the year ended on that date.
15 Approval of financial statements
The financial statements were authorised to issue by the Trustee and the Manager on 29 October 2013.
33

MACQUARIE UNIT TRUST SERIES
INVESTMENT PORTFOLIO (UN-AUDITED)
MACQUARIE IPO CHINA CONCENTRATED CORE
FUND 2013 2013 2013 2012 2012 2012
Fair value % of net
Fair value % of net
Investments – Listed Holdings
US$ assets Holdings
US$ assets
Hong Kong
AIA GROUP LTD ORD USD1 416,200 1,757,194 5.63% 565,600 1,932,516 5.86%
AGRICULTURAL BANK OF CHINA H SHS ORD
CNY1 3,829,265 1,579,689 5.06% 4,526,781 1,797,662 5.45%
BBMG CORP H SHS ORD CNY1 2,193,000 1,342,884 4.30% 830,000 573,602 1.74%
BIOSTIME INTERNATIONAL HOLDINGS LTD ORD
HKD0.01 170,565 952,103 3.05% - - -
CHINA GALAXY SECURITIES CO ORD CNY1 2,524,500 1,542,624 4.94% - - -
CHINA HIGH PRECISION AUTOMATION GROUP
LTD ORD HKD0.1 - - - 772,000 200,443 0.61%
CHINA HONGQIAO GROUP LTD ORD USD0.01 - - - 664,690 306,810 0.93%
CHINA MEDICAL SYSTEM HOLDINGS LTD ORD
USD0.005 1,714,162 1,524,780 4.89% 1,621,679 696,269 2.11%
CHINA MINSHENG BANKING CO LTD H SHR ORD
CNY1 1,662,738 1,626,941 5.21% 2,504,041 2,214,794 6.72%
CHINA PACIFIC INSURANCE (GR) CO LTD H SHS
ORD CNY1 553,401 1,762,151 5.65% 644,009 2,063,413 6.26%
CHINA POLYMETALLIC MINING LTD ORD
HKD0.00001 - - - 614,000 126,665 0.38%
CHINA QINFA GROUP LTD ORD HKD0.1 16,079,896 1,409,608 4.52% 9,161,662 1,204,876 3.65%
CHINA SHANSHUI CEMENT GROUP CO LTD ORD
USD0.01 - - - 552,000 371,516 1.13%
CHINA SUNTIEN GREEN ENERGY CORP H SHR
ORD CNY1 4,569,770 1,667,197 5.34% 6,969,770 1,213,165 3.68%
CHINA VANADIUM TITANO - MAGNETITE ORD
HKD0.1 - - - 4,417,783 712,004 2.16%
CHINA XINIYA FASHION LTD ADR (1 ADR REPS 4
ORD SHS) - - - 351,375 491,925 1.49%
CITIC SECURITIES CO LTD H SHR ORD CNY1 - - - 147,148 308,112 0.93%
DAH CHONG HONG ORD HKD0.15 - - - 1,055,000 938,576 2.85%
E-HOUSE CHINA HOLDINGS ADR (ONE ADS
REPS 1 ORD SHRS) - - - 68,013 373,391 1.13%
GUANGZHOU AUTOMOBILE GROUP CO LTD H
SHR ORD CNY1 - - - 221,246 183,423 0.56%
GUOTAI JUNAN INTERNATIONAL HOLDINGS ORD
HKD0.1 3,349,000 1,334,074 4.27% 3,795,000 1,370,054 4.15%
HAITONG SECURITIES CO LTD H SHR ORD CNY1 577,624 699,225 2.24% 1,057,624 1,459,093 4.42%
LOCCITANE INTERNATIONAL SA ORD EUR0.03 178,000 478,445 1.53% - - -
LONGFOR PROPERTIES ORD HKD0.1 225,764 334,702 1.07% - - -
MAN WAH HOLDINGS LTD ORD HKD0.4 762,000 954,833 3.06% - - -
MIE HOLDINGS CORP ORD USD0.001 - - - 2,947,000 702,942 2.13%
PRADA HOLDING ORD NPV 204,319 1,846,431 5.92% 224,319 1,490,948 4.52%
PRINCE FROG INTERNATIONAL HOLDINGS ORD
HKD0.01 685,289 469,993 1.51% 1,693,852 600,587 1.82%
REAL GOLD MINING LTD ORD HKD1 795,070 239,843 0.77% 3,010,400 543,400 1.64%
34

MACQUARIE UNIT TRUST SERIES
INVESTMENT PORTFOLIO (UN-AUDITED) (CONTINUED)
MACQUARIE IPO CHINA CONCENTRATED CORE
FUND 2013 2013 2013 2012 2012 2012
Fair value % of net
Fair value % of net
Investments – Listed Holdings
US$ assets Holdings
US$ assets
SAMSONITE INTERNATIONAL ORD USD0.01 790,184 1,904,917 6.10% 706,200 1,172,766 3.56%
SHANGPHARMA CORP ADR (1 ADR REPS 18
ORD SHS) - - - 54,001 367,747 1.12%
SHENGUAN HOLDINGS GROUP LTD ORD
HKD0.01 1,250,553 581,990 1.86% 2,538,653 1,453,296 4.41%
SIHUAN PHARMACEUTICAL HLDGS ORD
HKD0.01 2,559,800 1,673,093 5.36% 2,166,300 784,861 2.38%
SINOPHARM GROUP CO H SHR ORD CNY1 208,125 521,050 1.67% 204,541 559,093 1.70%
SUN ART RETAIL GROUP LTD ORD HKD0.3 761,284 1,093,297 3.50% 141,284 154,292 0.46%
TSUI WAH HOLDINGS LTD ORD HKD0.01 754,000 422,831 1.35% - - -
WANT WANT CHINA HOLDINGS LTD ORD
USD0.02 1,345,000 1,889,970 6.06% 2,010,000 2,456,813 7.45%
XIAO NAN GUO RESTAURANTS HOLDINGS LTD
ORD HKD0.01 - - - 1,700,000 332,096 1.01%
YUANDA CHINA HLDG LTD ORD HKD0.1 3,032,000 277,520 0.89% 8,594,000 941,851 2.86%
ZHONGSHENG GROUP HOLDINGS LTD ORD
HKD0.0001 - - - 440,522 529,360 1.61%
ZOOMLION HEAVY INDUSTRY SCIENCE AND
TECHNOLOGY CO LTD H SHRS ORD CNY1 - - - 236,800 298,599 0.91%
Total investments 29,887,385 95.75% 30,926,960 93.79%
Adjustment from bid market prices to last traded
market price 116,219 62,067
Other net assets 1,320,213 1,986,344
Net assets attributable to unitholders 31,323,817 100.00% 32,975,371 100.00%
35

MACQUARIE UNIT TRUST SERIES
INVESTMENT PORTFOLIO (UN-AUDITED) (CONTINUED)
MACQUARIE IPO CHINA GATEWAY FUND 2013 2013 2013 2012 2012 2012
Fair value % of net
Fair value % of net
Investments - Listed
Holdings
US$ assets Holdings
US$ assets
Hong Kong
AGRICULTURAL BANK OF CHINA H SHS ORD
CNY1 4,466,785 1,842,686 3.11% 7,473,269 2,967,762 5.22%
AIA GROUP LTD ORD USD1 570,800 2,409,914 4.07% 720,800 2,462,796 4.34%
BBMG CORP H SHS ORD CNY1 2,575,500 1,577,108 2.66% 859,500 593,989 1.05%
BIOSTIME INTERNATIONAL HOLDINGS LTD ORD
HKD0.01 298,935 1,668,672 2.82% - - -
BOER POWER HOLDINGS LTD ORD HKD0.1 1,773,000 1,142,839 1.93% 1,773,000 589,788 1.04%
CARPENTER TAN HOLDINGS LTD ORD HKD0.01 530,000 352,559 0.60% 530,000 314,341 0.55%
CHINA GALAXY SECURITIES CO ORD CNY1 4,710,000 2,878,097 4.86% - - -
CHINA HIGH PRECISION AUTOMATION GROUP
LTD ORD HKD0.1 - - - 1,366,000 354,670 0.62%
CHINA HONGQIAO GROUP LTD ORD USD0.01 - - - 1,759,310 812,069 1.43%
CHINA MEDICAL SYSTEM HOLDINGS LTD ORD
USD0.005 3,273,476 2911,820 4.91% 2,812,821 1,207,686 2.13%
CHINA MINSHENG BANKING CO LTD H SHR ORD
CNY1 2,976,853 2,912,764 4.92% 4,128,550 3,651,653 6.43%
CHINA PACIFIC INSURANCE (GR) CO LTD H SHS
ORD CNY1 684,785 2,180,507 3.68% 870,777 2,789,980 4.92%
CHINA POLYMETALLIC MINING LTD ORD
HKD0.00001 - - - 1,030,000 212,483 0.37%
CHINA QINFA GROUP LTD ORD HKD0.1 30,547,139 2,677,846 4.52% 17,327,594 2,278,800 4.01%
CHINA SHANSHUI CEMENT GROUP CO LTD ORD
USD0.01 - - - 793,000 533,718 0.94%
CHINA SUNTIEN GREEN ENERGY CORP H SHR
ORD CNY1 8,497,230 3,100,059 5.23% 12,497,230 2,175,281 3.83%
CHINA VANADIUM TITANO - MAGNETITE ORD
HKD0.1 - - - 6,290,023 1,013,748 1.79%
CHINA XINIYA FASHION LTD ADR (1 ADR REPS 4
ORD SHS) - - - 795,760 1,114,064 1.96%
CITIC SECURITIES CO LTD H SHR ORD CNY1 - - - 98,352 205,938 0.36%
DAH CHONG HONG ORD HKD0.15 - - - 2,027,000 1,803,311 3.18%
E-HOUSE CHINA HOLDINGS ADR (ONE ADS
REPS 1 ORD SHRS) - - - 109,950 603,626 1.06%
GUOTAI JUNAN INTERNATIONAL HOLDINGS ORD
HKD0.1 5,693,000 2,267,806 3.83% 6,521,000 2,354,182 4.15%
HAITONG SECURITIES CO LTD H SHR ORD CNY1 1,091,176 1,320,890 2.23% 2,291,176 3,160,895 5.56%
LOCCITANE INTERNATIONAL SA ORD EUR0.03 330,000 887,005 1.50% - - -
LONGFOR PROPERTIES ORD HKD0.1 395,236 585,950 0.99% - - -
MAN WAH HOLDINGS LTD ORD HKD0.4 1,355,600 1,698,651 2.87% - - -
MICROPORT SCIENTIFIC CORP ORD USD0.00001 1,467,000 1,238,733 2.09% - - -
MIE HOLDINGS CORP ORD USD0.001 - - - 4,921,000 1,173,797 2.07%
PRADA HOLDING ORD NPV 325,081 2,937,757 4.96% 367,081 2,439,823 4.30%
PRINCE FROG INTERNATIONAL HOLDINGS ORD
HKD0.01 990,190 679,104 1.15% 1,615,400 572,770 1.01%
REAL GOLD MINING LTD ORD HKD1 1,409,142 425,086 0.72% 5,335,742 963,143 1.70%
36

MACQUARIE UNIT TRUST SERIES
INVESTMENT PORTFOLIO (UN-AUDITED) (CONTINUED)
MACQUARIE IPO CHINA GATEWAY FUND 2013 2013 2013 2012 2012 2012
Fair value % of net
Fair value % of net
Investments - Listed
Holdings
US$ assets Holdings
US$ assets
SAMSONITE INTERNATIONAL ORD USD0.01 1,310,316 3,158,813 5.33% 1,185,300 1,968,394 3.47%
SHANGPHARMA CORP ADR (1 ADR REPS 18
ORD SHS) - - - 101,281 689,724 1.22%
SHENGUAN HOLDINGS GROUP LTD ORD
HKD0.01 1,990,950 926,560 1.56% 4,054,850 2,321,269 4.09%
SIHUAN PHARMACEUTICAL HLDGS ORD
HKD0.01 4,851,000 3,170,629 5.35% 3,635,500 1,317,159 2.32%
SINOPHARM GROUP CO H SHR ORD CNY1 356,675 892,952 1.51% 351,459 960,679 1.69%
SUN ART RETAIL GROUP LTD ORD HKD0.3 912,816 1,310,915 2.21% 242,816 265,173 0.47%
TRAUSON HOLDINGS CO ORD HKD0.1 - - - 6,979,645 2,735,739 4.82%
TSUI WAH HOLDINGS LTD ORD HKD0.01 1,346,000 754,815 1.27% - - -
WANT WANT CHINA HOLDINGS LTD ORD
USD0.02 2,355,000 3,309,205 5.58% 3,462,000 4,231,586 7.46%
XIAO NAN GUO RESTAURANTS HOLDINGS LTD
ORD HKD0.01 - - - 2,960,000 578,238 1.02%
YUANDA CHINA HLDG LTD ORD HKD0.1 5,396,000 493,896 0.83% 14,424,000 1,580,784 2.79%
ZHONGSHENG GROUP HOLDINGS LTD ORD
HKD0.0001 - - - 762,978 916,845 1.62%
ZOOMLION HEAVY INDUSTRY SCIENCE AND
TECHNOLOGY CO LTD H SHRS ORD CNY1 - - - 201,240 253,759 0.45%
Taiwan
TPK HOLDING CO LTD ORD TWD10 32,656 523,071 0.88% 32,656 409,116 0.72%
Total investments 52,236,709 88.17% 54,578,778 96.16%
Adjustment from bid market prices to last traded
market price 205,764 140,397
Other net assets 7,016,460 2,039,937
Net assets attributable to unitholders 59,458,933 100.00% 56,759,112 100.00%
37

MACQUARIE UNIT TRUST SERIES
INVESTMENT PORTFOLIO (UN-AUDITED) (CONTINUED)
MACQUARIE ASIA NEW STARS FUND 2013 2013 2013 2012 2012 2012
Fair value % of net
Fair value % of net
Investments - Listed
Holdings
US$ assets Holdings
US$ assets
Hong Kong
APT SATELLITE HOLDINGS LTD ORD HKD0.1 432,917 306,954 0.53% - - -
BBMG CORP H SHS ORD CNY1 - - - 488,500 337,596 0.82%
CHINA HIGH PRECISION AUTOMATION GROUP
LTD ORD HKD0.1 - - - 405,266 105,224 0.25%
CHINA HONGQIAO GROUP LTD ORD USD0.01 - - - 832,000 384,038 0.94%
CHINA MEDICAL SYSTEM HOLDINGS LTD ORD
USD0.005 1,095,543 974,506 1.67% - - -
CHINA POLYMETALLIC MINING LTD ORD
HKD0.00001 - - - 335,000 69,109 0.17%
CHINA POWER INTERNATIONAL DEV LTD ORD
HKD1 1,648,000 616,115 1.06% - - -
CHINA RESOURCES GAS GROUP LTD ORD
HKD0.1 310,000 791,285 1.36% 282,000 482,853 1.17%
CHINA QINFA GROUP LTD ORD HKD0.1 - - - 4,602,118 605,237 1.47%
CHINA SHANSHUI CEMENT GROUP CO LTD ORD
USD0.01 1,403,000 629,424 1.08% 730,000 491,316 1.19%
CHINA TAIPING INSURANCE HOLDINGS CO LTD
ORD HKD0.05 1,405,000 2,173,521 3.73% 611,000 987,885 2.40%
CHINA VANADIUM TITANO - MAGNETITE ORD
HKD0.1 - - - 2,418,910 389,850 0.94%
CSI PROPERTIES LIMITED ORD HKD0.008 - - - 1,110,000 47,944 0.12%
DAH CHONG HONG ORD HKD0.15 - - - 1,022,000 909,217 2.20%
GOLDEN EAGLE RETAIL GROUP LTD ORD
HKD0.1 803,000 1,068,320 1.83% 144,000 291,866 0.71%
GREAT WALL MOTOR COMPANY LTD H SHRS
ORD CNY1 556,750 2,390,070 4.10% 959,750 1,893,291 4.58%
GUOTAI JUNAN INTERNATIONAL HOLDINGS
ORD HKD0.1 3,008,073 1,198,267 2.06% 2,406,000 868,603 2.10%
HAIER ELECTRONICS GROUP CO LTD
ORDKD0.1 791,359 1,260,951 2.16% - - -
HUTCHISON TELECOMMUNICATIONS HONG
KONG HOLDINGS LTD ORD HKD0.25 840,000 440,737 0.76% - - -
INTIME RETAIL GROUP COMPANY LTD ORD
USD0.00001 (FORMERLY KNOWN AS INTIME
DEPARTMENT STORE GROUP CO LTD ORD
USD0.00001) 320,000 312,286 0.54% - - -
LEE & MAN PAPER MANUFACTURING LTD ORD
HKD0.025 1,842,000 1,080,456 1.85% - - -
MINTH GROUP LTD ORD HKD0.1 412,800 640,726 1.10% - - -
PHOENIX SATELLITE TELEVISION HLDGS ORD
HKD0.1 2,690,000 950,187 1.63% 1,190,000 346,755 0.84%
PRINCE FROG INTERNATIONAL HOLDINGS ORD
HKD0.01 - - - 1,591,258 564,211 1.37%
REAL GOLD MINING LTD ORD HKD1 89,071 26,869 0.05% 337,171 60,862 0.15%
SA SA INTERNATIONAL HOLDINGS LTD ORD
HKD0.1 952,000 931,504 1.60% - - -
SAMSONITE INTERNATIONAL ORD USD0.01 467,361 1,126,679 1.93% - - -
SHENGUAN HOLDINGS GROUP LTD ORD
HKD0.01 - - - 2,315,618 1,325,616 3.21%
38

MACQUARIE UNIT TRUST SERIES
INVESTMENT PORTFOLIO (UN-AUDITED) (CONTINUED)
MACQUARIE ASIA NEW STARS FUND 2013 2013 2013 2012 2012 2012
Investments - Listed
Holdings
Fair value
US$
% of net
assets Holdings
Fair value
US$
% of net
assets
SHOUGANG FUSHAN RESOURCES GROUP LTD
ORD HKD0.1 - - - 5,773,471 1,473,907 3.57%
SIHUAN PHARMACEUTICAL HLDGS ORD
HKD0.01 1,143,000 747,068 1.28% 763,700 276,692 0.67%
SINGAMAS CONTAINER HLDGS LTD ORD
HKD0.1 - - - 1,660,480 355,394 0.86%
SINO BIOPHARMACEUTICAL LTD ORD HKD0.025 2,351,842 1,515,948 2.60% 4,140,943 1,484,266 3.59%
SINOMEDIA HOLDING LTD ORD HKD0.0003125 1,632,399 1,431,006 2.46% - - -
SKYWORTH DIGITAL HOLDINGS LTD ORD
HKD0.1 - - - 723,648 318,163 0.77%
TCC INTERNATIONAL HOLDINGS LIMITED ORD
HKD0.1 - - - 70,000 18,412 0.04%
WASION GROUP HOLDINGS LTD ORD HKD0.01 1,693,376 1,047,854 1.80% - - -
WUMART STORES INC H SHRS ORD CNY1 - - - 392,500 786,427 1.90%
XINGDA INTERNATIONAL HOLDING ORD HKD0.1 1,525,000 642,871 1.10% - - -
YUANDA CHINA HLDG LTD ORD HKD0.1 - - - 2,416,000 264,779 0.64%
ZHONGSHENG GROUP HOLDINGS LTD ORD
HKD0.0001 - - - 258,200 310,270 0.75%
India
AMTEK AUTO LTD ORD INR2 (DEMAT) - - - 113,108 213,657 0.52%
APOLLO HOSPITALS ENTERPRISE LTD ORD
INR5 (DEMAT) - - - 8,935 97,321 0.24%
GLENMARK PHARMACEUTICALS LTD ORD INR1
(DEMAT) 173,580 1,586,359 2.72% 201,325 1,289,616 3.12%
HAVELLS INDIA LIMITED ORD INR5 (DEMAT) - - - 61,948 632,720 1.53%
IPCA LABORATORIES LTD DMT ORD INR2 - - - 34,529 219,251 0.53%
UNITED PHOSPHORUS LTD ORD INR2 (DEMAT) 337,573 770,852 1.32% - - -
YES BANK LTD ORD INR10 328,197 2,540,568 4.36% 265,402 1,574,524 3.81%
Indonesia
ACE HARDWARE INDONESIA ORD IDR100 - - - 759,455 404,647 0.98%
ARWANA CITRAMULIA ORD IDR50 (DEMAT) 6,058,316 1,937,465 3.33% - - -
BANK PEMBANGUNAN DAERAH JAWA ORD
IDR250 4,157,574 494,151 0.85% - - -
HARUM ENERGY ORD IDR100 - - - 409,077 243,858 0.59%
MITRA ADIPERKASA TBK PT ORD IDR500 - - - 1,653,000 1,238,267 3.00%
NIPPON INDOSARI CORPINDO ORD IDR100 - - - 63,500 27,469 0.07%
PETROSEA ORD IDR50 - - - 1,029,500 353,015 0.85%
SAKARI RESOURCES LTD ORD NPV - - - 187,000 201,036 0.49%
TEMPO SCAN PACIFIC ORD IDR 50 - - - 685,618 202,546 0.49%
39

MACQUARIE UNIT TRUST SERIES
INVESTMENT PORTFOLIO (UN-AUDITED) (CONTINUED)
MACQUARIE ASIA NEW STARS FUND 2013 2013 2013 2012 2012 2012
Fair value % of net
Fair value % of net
Investments - Listed
Holdings
US$ assets Holdings
US$ assets
Korea
COWAY CO LTD ORD KRW500 30,501 1,489,938 2.56% - - -
CROWN CONFECTIONERY CO ORD KRW5000 1,745 372,739 0.64% - - -
DONGBU INSURANCE CO LTD ORD KRW500 - - - 26,127 955,797 2.31%
GRAND KOREA LEISURE CO LTD ORD KRW500 - - - 77,243 1,581,480 3.83%
HYUNDAI DEPARTMENT STORE CO LTD ORD
KRW5000 - - - 5,267 650,701 1.58%
HYUNDAI GREENFOOD CO LTD ORD KRW500 64,102 996,070 1.71% 105,372 1,517,997 3.68%
HYUNDAI HOME SHOPPING NETWORK CORP
ORD KRW5000 - - - 14,954 1,455,774 3.53%
HYUNDAI MARINE & FIRE INSURANCE CO LTD
ORD KRW500 - - - 39,110 1,000,500 2.42%
KT SKYLIFE CO LTD ORD KRW2500 13,500 441,412 0.76% - - -
LG UPLUS CORP ORD KRW5000 108,480 1,134,847 1.95% - - -
LOTTE HIMART CO LTD ORD KRW5,000 24,469 1,747,939 3.00% - - -
PARADISE CO LTD ORD KRW500 41,719 843,657 1.45% - - -
PARTRON CO LTD ORD KRW500 36,268 592,137 1.02% - - -
SOULBRAIN CO LTD ORD KRW500 7,565 289,739 0.50% - - -
YUHAN CORPORATION ORD KRW5000 6,666 1,067,914 1.83% - - -
Malaysia
MAH SING GROUP ORD MYR0.5 1,081,600 990,101 1.70% - - -
MEDIA PRIMA ORD MYR1 519,930 452,969 0.78% - - -
QSR BRANDS BHD ORD MYR1 - - - 126,000 257,362 0.62%
Philippines
MANILA WATER COMPANY ORD PHP1 - - - 1,887,500 1,093,879 2.65%
SECURITY BANK CORP ORD PHP10 - - - 323,332 1,083,765 2.62%
SEMIRARA MINING CORPORATION ORD PHP1 157,629 932,289 1.60% 335,320 1,729,149 4.19%
Singapore
EZION HOLDINGS LTD ORD NPV 717,331 1,191,674 2.05% 513,000 371,710 0.90%
GENTING HONG KONG LTD ORD USD0.1 (SGX) 1,577,000 693,880 1.19% - - -
M1 LTD ORD NPV 247,000 586,188 1.01% - - -
OSIM INTERNATIONAL LTD ORD SGD0.05 1,169,104 1,803,459 3.10% - - -
Taiwan
APEX BIOTECHNOLOGY ORD TWD10 - - - 256,751 637,298 1.54%
40

MACQUARIE UNIT TRUST SERIES
INVESTMENT PORTFOLIO (UN-AUDITED) (CONTINUED)
MACQUARIE ASIA NEW STARS FUND 2013 2013 2013 2012 2012 2012
Fair value % of net
Fair value % of net
Investments - Listed
Holdings
US$ assets Holdings
US$ assets
CATCHER TECHNOLOGY CO LTD ORD TWD10 209,000 1,084,510 1.86% 273,000 1,810,672 4.38%
CHAILEASE HOLDING CO LTD TWD10 - - - 200,000 290,758 0.70%
KING SLIDE WORKS CO LTD ORD TWD10 135,000 991,090 1.70% - - -
KINGS TOWN BANK ORD TWD 10 574,000 488,437 0.84% - - -
LARGAN PRECISION CO LTD ORD TWD10 33,000 1,056,062 1.81% - - -
MAKALOT INDUSTRIAL CO LTD ORD TWD10 140,000 668,068 1.15% - - -
NOVATEK MICROELECTRONICS LTD ORD
TWD10 124,000 599,993 1.03% - - -
POYA CO LTD ORD TWD10 138,000 492,742 0.85% - - -
RADIANT OPTO-ELECTRONICS CORP ORD
TWD10 - - - 164,000 824,038 2.00%
ST SHINE OPTICAL CO LTD ORD TWD10 116,161 3,015,759 5.18% 60,077 664,101 1.61%
TPK HOLDING CO LTD ORD TWD10 - - - 36,284 454,568 1.10%
Thailand
DYNASTY CERAMIC PCL ORD THB1 (FR) 405,800 830,623 1.43% - - -
HOME PRODUCTS CENTRE PCL ORD THB1 (FR) - - - 813,474 317,104 0.77%
JASMINE INTERNATIONAL PCL ORD THB0.5 (FR) 4,755,281 1,190,920 2.04% - - -
ROBINSON DEPARTMENT STORE PCL ORD
THB3.55 (FR) - - - 183,985 351,370 0.85%
SAMUI AIRPORT PROPERTY FUND (LR) 1,453,700 821,484 1.41% - - -
Total investments 56,499,639 97.01% 39,195,733 94.92%
Adjustment from bid market prices to last traded
market price 350,038 162,271
Other net assets 1,766,029 1,936,782
Net assets attributable to unitholders 58,615,706 100.00% 41,294,786 100.00%
41

MACQUARIE UNIT TRUST SERIES
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UN-AUDITED)
MACQUARIE IPO CHINA
CONCENTRATED CORE
FUND
As at
For the year ended
1 July
30 June 2013
2012
As at
30 June
2013
As at
For the year ended
1 July
30 June 2012
2011
As at
30 June
2012
Investments – Listed
Opening
balance Additions Disposals
Closing
balance
Opening
balance Additions Disposals
Closing
balance
Hong Kong
AGRICULTURAL BANK OF
CHINA H SHS ORD CNY1 4,526,781 791,000 1,488,516 3,829,265 3,836,782 3,146,670 2,456,671 4,526,781
AIA GROUP LTD ORD USD1 565,600 - 149,400 416,200 372,600 279,000 86,000 565,600
BBMG CORP H SHS ORD
CNY1 830,000 1,363,000 - 2,193,000 830,000 - - 830,000
BIOSTIME INTERNATIONAL
HOLDINGS LTD ORD
HKD0.01 - 202,565 32,000 170,565 - - - -
CHINA AUTOMATION
GROUP LTD ORD HKD0.01 - - - - 2,679,000 - 2,679,000 -
CHINA GALAXY
SECURITIES CO ORD CNY1 - 2,524,500 - 2,524,500 - - - -
CHINA HIGH PRECISION
AUTOMATION GROUP LTD
ORD HKD0.1 772,000 - 772,000 - 772,000 - - 772,000
CHINA HONGQIAO GROUP
LTD ORD USD0.01 664,690 - 664,690 - 2,100,000 - 1,435,310 664,690
CHINA MEDICAL SYSTEM
HOLDINGS LTD ORD
USD0.005 1,621,679 963,483 871,000 1,714,162 - 1,621,679 - 1,621,679
CHINA MINSHENG BANKING
CO LTD H SHR ORD CNY1 2,504,041 320,500 1,161,803 1,662,738 2,278,841 1,419,500 1,194,300 2,504,041
CHINA NATIONAL
MATERIALS CO H SHR ORD
CNY1 - - - - 1,055,000 - 1,055,000 -
CHINA PACIFIC INSURANCE
(GR) CO LTD H SHS ORD
CNY1 644,009 - 90,608 553,401 693,664 135,000 184,655 644,009
CHINA POLYMETALLIC
MINING LTD ORD
HKD0.00001 614,000 - 614,000 - - 614,000 - 614,000
CHINA REAL ESTATE
INFORMATION CORP ADR
(1 ADR REP 1 ORD SHS) - - - - 260,960 - 260,960 -
CHINA RESOURCES
CEMENT HOLDING LTD
ORD HKD0.1 - 777,160 777,160 - - - - -
CHINA QINFA GROUP LTD
ORD HKD0.1 9,161,662 7,352,234 434,000 16,079,896 3,797,302 6,126,770 762,410 9,161,662
CHINA SCE PROPERTY
HOLDINGS LTD ORD
HKD0.1 - - - - 5,283,489 - 5,283,489 -
CHINA SHANSHUI CEMENT
GROUP CO LTD ORD
USD0.01 552,000 - 552,000 - - 1,734,000 1,182,000 552,000
CHINA SUNTIEN GREEN
ENERGY CORP H SHR ORD
CNY1 6,969,770 - 2,400,000 4,569,770 3,172,000 3,797,770 - 6,969,770
CHINA VANADIUM TITANO -
MAGNETITE ORD HKD0.1 4,417,783 - 4,417,783 - 329,450 4,088,333 - 4,417,783
CHINA XINIYA FASHION LTD
ADR (1 ADR REPS 4 ORD
SHS) 351,375 - 351,375 - 351,375 - - 351,375
CITIC SECURITIES CO LTD
H SHR ORD CNY1 147,148 - 147,148 - - 807,500 660,352 147,148
CNINSURE INC ADR (1 ADR
REPS 20 ORD SHRS) - - - - 80,650 - 80,650 -
DAH CHONG HONG ORD
HKD0.15 1,055,000 - 1,055,000 - 3,176,000 173,000 2,294,000 1,055,000
42

MACQUARIE UNIT TRUST SERIES
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UNAUDITED) (CONTINUED)
MACQUARIE IPO CHINA
CONCENTRATED CORE
FUND
As at
1 July
2012
For the year ended
30 June 2013
As at
30 June
2013
As at
1 July
2011
For the year ended
30 June 2012
As at
30 June
2012
Investments – Listed
Opening
balance Additions Disposals
Closing
balance
Opening
balance Additions Disposals
Closing
balance
E-HOUSE CHINA HOLDINGS
ADR (ONE ADS REPS 1 ORD
SHRS) 68,013 - 68,013 - - 68,013 - 68,013
GUANGZHOU AUTOMOBILE
GROUP CO LTD H SHR ORD
CNY1 221,246 - 221,246 - 221,246 - - 221,246
GUOTAI JUNAN
INTERNATIONAL HOLDINGS
ORD HKD0.1 3,795,000 - 446,000 3,349,000 - 6,061,000 2,266,000 3,795,000
HAITONG SECURITIES CO
LTD H SHR ORD CNY1 1,057,624 - 480,000 577,624 - 1,057,624 - 1,057,624
HUANENG RENEWABLES
CORP LTD SHS H ORD
CNY1 - - - - 1,638,000 672,829 2,310,829 -
LOCCITANE
INTERNATIONAL SA ORD
EUR0.03 - 178,000 - 178,000 - - - -
LONGFOR PROPERTIES
ORD HKD0.1 - 345,764 120,000 225,764 - - - -
LONGTOP FINANCIAL
TECHNOLOGIES LTD ADR(1
ADR REPS 1 ORD SHR) - - - - 71,900 - 71,900 -
MAN WAH HOLDINGS LTD
ORD HKD0.4 - 890,000 128,000 762,000 - - - -
MAOYE INTERNATIONAL
HOLDINGS ORD HKD0.1 - - - - 2,267,200 - 2,267,200 -
MIE HOLDINGS CORP ORD
USD0.001 2,947,000 - 2,947,000 - 2,459,000 488,000 - 2,947,000
PCD STORES LTD ORD
USD0.005 - - - - - 2,674,000 2,674,000 -
PEAK SPORT PRODUCTS
LTD ORD HKD0.01 - - - - 5,426,628 901,000 6,327,628 -
PRINCE FROG
INTERNATIONAL HOLDINGS
ORD HKD0.01 1,693,852 - 1,008,563 685,289 - 1,693,852 - 1,693,852
REAL GOLD MINING LTD
ORD HKD1 3,010,400 - 2,215,330 795,070 3,010,400 - - 3,010,400
PRADA HOLDING ORD NPV 224,319 - 20,000 204,319 - 224,319 - 224,319
SAMSONITE
INTERNATIONAL ORD
USD0.01 706,200 163,929 79,945 790,184 - 706,200 - 706,200
SINOPHARM GROUP CO H
SHR ORD CNY1 204,541 63,584 60,000 208,125 - 204,541 - 204,541
SHANGHAI
PHARMACEUTICALS
HOLDING CO LTD H SHR
ORD CNY1 - - - - 375,000 - 375,000 -
SHANGPHARMA CORP ADR
(1 ADR REPS 18 ORD SHS) 54,001 - 54,001 - 54,001 - - 54,001
SHENGUAN HOLDINGS
GROUP LTD ORD HKD0.01 2,538,653 - 1,288,100 1,250,553 - 2,538,653 - 2,538,653
SIHUAN PHARMACEUTICAL
HLDGS ORD HKD0.01 2,166,300 1,800,000 1,406,500 2,559,800 - 4,712,300 2,546,000 2,166,300
SOUTHGOBI RESOURCES
LTD ORD NPV (HKE) - - - - 21,850 - 21,850 -
SUN ART RETAIL GROUP
LTD ORD HKD0.3 141,284 620,000 - 761,284 - 1,008,800 867,516 141,284
TSUI WAH HOLDINGS LTD
ORD HKD0.01 - 754,000 - 754,000 - - - -
43

MACQUARIE UNIT TRUST SERIES
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UNAUDITED) (CONTINUED)
MACQUARIE IPO CHINA
CONCENTRATED CORE
FUND
As at
1 July
2012
For the year ended
30 June 2013
As at
30 June
2013
As at
1 July
2011
For the year ended
30 June 2012
As at
30 June
2012
Investments – Listed
Opening
balance Additions Disposals
Closing
balance
Opening
balance Additions Disposals
Closing
balance
WANT WANT CHINA
HOLDINGS LTD ORD
USD0.02 2,010,000 - 665,000 1,345,000 4,111,000 - 2,101,000 2,010,000
XIAO NAN GUO
RESTAURANTS HOLDINGS
LTD ORD HKD0.01 1,700,000 - 1,700,000 - - 1,700,000 - 1,700,000
XTEP INTERNATIONAL
HOLDINGS ORD HKD0.01 - - - - 4,683,396 - 4,683,396 -
YUANDA CHINA HLDG LTD
ORD HKD0.1 8,594,000 - 5,562,000 3,032,000 - 8,594,000 - 8,594,000
ZHONGSHENG GROUP
HOLDINGS LTD ORD
HKD0.0001 440,522 - 440,522 - - 440,522 - 440,522
ZOOMLION HEAVY
INDUSTRY SCIENCE AND
TECHNOLOGY CO LTD H
SHRS ORD CNY1 236,800 - 236,800 - 236,800 - - 236,800
44

MACQUARIE UNIT TRUST SERIES
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UNAUDITED) (CONTINUED)
MACQUARIE IPO CHINA
GATEWAY FUND
As at
1 July
2012
For the year ended
30 June 2013
As at
30 June
2013
As at
1 July
2011
For the year ended
30 June 2012
As at
30 June
2012
Investments – Listed
Opening
balance Additions Disposals
Closing
balance
Opening
balance Additions Disposals
Closing
balance
Hong Kong
AGRICULTURAL BANK OF
CHINA H SHS ORD CNY1 7,473,269 1,511,000 4,517,484 4,466,785 4,416,268 7,697,665 4,640,664 7,473,269
AIA GROUP LTD ORD USD1 720,800 - 150,000 570,800 655,800 216,000 151,000 720,800
BBMG CORP H SHS ORD
CNY1 859,500 1,716,000 - 2,575,500 859,500 - - 859,500
BIOSTIME INTERNATIONAL
HOLDINGS LTD ORD
HKD0.01 - 360,435 61,500 298,935 - - - -
BOER POWER HOLDINGS
LTD ORD HKD0.1 1,773,000 - - 1,773,000 1,700,000 82,000 9,000 1,773,000
CARPENTER TAN HOLDINGS
LTD ORD HKD0.01 530,000 - - 530,000 530,000 - - 530,000
CHINA GALAXY SECURITIES
CO ORD CNY1 - 4,710,000 - 4,710,000 - - - -
CHINA HIGH PRECISION
AUTOMATION GROUP LTD
ORD HKD0.1 1,366,000 - 1,366,000 - 1,366,000 - - 1,366,000
CHINA HONGQIAO GROUP
LTD ORD USD0.01 1,759,310 - 1,759,310 - 4,988,000 - 3,228,690 1,759,310
CHINA MEDICAL SYSTEM
HOLDINGS LTD ORD
USD0.005 2,812,821 1,169,655 709,000 3,273,476 - 2,812,821 - 2,812,821
CHINA MINSHENG BANKING
CO LTD H SHR ORD CNY1 4,128,550 612,000 1,763,697 2,976,853 2,688,250 2,630,000 1,189,700 4,128,550
CHINA NATIONAL
MATERIALS CO H SHR ORD
CNY1 - - - - 1,599,000 - 1,599,000 -
CHINA PACIFIC INSURANCE
(GR) CO LTD H SHS ORD
CNY1 870,777 - 185,992 684,785 967,722 240,000 336,945 870,777
CHINA POLYMETALLIC
MINING LTD ORD
HKD0.00001 1,030,000 - 1,030,000 - - 1,030,000 - 1,030,000
CHINA QINFA GROUP LTD
ORD HKD0.1 17,327,594 14,025,545 806,000 30,547,139 9,902,698 10,524,896 3,100,000 17,327,594
CHINA REAL ESTATE
INFORMATION CORP ADR (1
ADR REP 1 ORD SHS) - - - - 396,117 - 396,117 -
CHINA RESOURCES
CEMENT HOLDING LTD ORD
HKD0.1 - 1,382,840 1,382,840 - - - - -
CHINA SCE PROPERTY
HOLDINGS LTD ORD HKD0.1 - - - - 7,255,090 - 7,255,090 -
CHINA SHANSHUI CEMENT
GROUP CO LTD ORD
USD0.01 793,000 - 793,000 - - 2,526,000 1,733,000 793,000
CHINA SUNTIEN GREEN
ENERGY CORP H SHR ORD
CNY1 12,497,230 - 4,000,000 8,497,230 6,430,000 6,067,230 - 12,497,230
CHINA VANADIUM TITANO -
MAGNETITE ORD HKD0.1 6,290,023 - 6,290,023 - 240 6,290,023 240 6,290,023
CHINA XINIYA FASHION LTD
ADR (1 ADR REPS 4 ORD
SHS) 795,760 - 795,760 - 795,760 - - 795,760
45

MACQUARIE UNIT TRUST SERIES
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UNAUDITED) (CONTINUED)
MACQUARIE IPO CHINA
GATEWAY FUND
As at
1 July
2012
For the year ended
30 June 2013
As at
30 June
2013
As at
1 July
2011
For the year ended
30 June 2012
As at
30 June
2012
Investments – Listed
Opening
balance Additions Disposals
Closing
balance
Opening
balance Additions Disposals
Closing
balance
CITIC SECURITIES CO LTD H
SHR ORD CNY1 98,352 - 98,352 - - 643,500 545,148 98,352
CNINSURE INC ADR (1 ADR
REPS 20 ORD SHRS) - - - - 148,200 - 148,200 -
DAH CHONG HONG ORD
HKD0.15 2,027,000 - 2,027,000 - 6,151,000 - 4,124,000 2,027,000
E-HOUSE CHINA HOLDINGS
ADR (ONE ADS REPS 1 ORD
SHRS) 109,950 - 109,950 - - 109,950 - 109,950
GUOTAI JUNAN
INTERNATIONAL HOLDINGS
ORD HKD0.1 6,521,000 - 828,000 5,693,000 - 10,418,000 3,897,000 6,521,000
HAITONG SECURITIES CO
LTD H SHR ORD CNY1 2,291,176 - 1,200,000 1,091,176 - 2,291,176 - 2,291,176
HUANENG RENEWABLES
CORP LTD SHS H ORD CNY1 - - - - 2,862,000 1,111,171 3,973,171 -
LOCCITANE INTERNATIONAL
SA ORD EUR0.03 - 330,000 - 330,000 - - - -
LONGFOR PROPERTIES ORD
HKD0.1 - 615,236 220,000 395,236 - - - -
LONGTOP FINANCIAL
TECHNOLOGIES LTD ADR(1
ADR REPS 1 ORD SHR) - - - - 143,156 - 143,156 -
MAN WAH HOLDINGS LTD
ORD HKD0.4 - 1,600,000 244,400 1,355,600 - - - -
MAOYE INTERNATIONAL
HOLDINGS ORD HKD0.1 - - - - 1,902,000 - 1,902,000 -
MICROPORT SCIENTIFIC
CORP ORD USD0.00001 - 3,151,000 1,684,000 1,467,000 - - - -
MIE HOLDINGS CORP ORD
USD0.001 4,921,000 - 4,921,000 - 2,767,000 2,154,000 - 4,921,000
PAX GLOBAL TECHNOLOGY
LTD ORD HKD0.1 - - - - 4,871,000 - 4,871,000 -
PCD STORES LTD ORD
USD0.005 - - - - - 4,480,000 4,480,000 -
PEAK SPORT PRODUCTS
LTD ORD HKD0.01 - - - - 8,800,337 2,170,000 10,970,337 -
PRINCE FROG
INTERNATIONAL HOLDINGS
ORD HKD0.01 1,615,400 - 625,210 990,190 - 1,615,400 - 1,615,400
PRADA HOLDING ORD NPV 367,081 - 42,000 325,081 - 367,081 - 367,081
REAL GOLD MINING LTD
ORD HKD1 5,335,742 - 3,926,600 1,409,142 5,335,742 - - 5,335,742
SAMSONITE INTERNATIONAL
ORD USD0.01 1,185,300 334,871 209,855 1,310,316 - 1,185,300 - 1,185,300
SHANGHAI
PHARMACEUTICALS
HOLDING CO LTD H SHR
ORD CNY1 - - - - 670,000 - 670,000 -
SHANGPHARMA CORP ADR
(1 ADR REPS 18 ORD SHS) 101,281 - 101,281 - 101,281 - - 101,281
SHENGUAN HOLDINGS
GROUP LTD ORD HKD0.01 4,054,850 - 2,063,900 1,990,950 - 4,054,850 - 4,054,850
46

MACQUARIE UNIT TRUST SERIES
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UNAUDITED) (CONTINUED)
MACQUARIE IPO CHINA
GATEWAY FUND
As at
1 July
2012
For the year ended
30 June 2013
As at
30 June
2013
As at
1 July
2011
For the year ended
30 June 2012
As at
30 June
2012
Investments – Listed
Opening
balance Additions Disposals
Closing
balance
Opening
balance Additions Disposals
Closing
balance
SIHUAN PHARMACEUTICAL
HLDGS ORD HKD0.01 3,635,500 4,115,000 2,899,500 4,851,000 - 7,856,700 4,221,200 3,635,500
SINOPHARM GROUP CO H
SHR ORD CNY1 (FORMERLY
KNOWN AS SINOPHARM
MEDICINE HOLDING CO LTD
H SHR ORD CNY1) 351,459 105,216 100,000 356,675 - 351,459 - 351,459
SOUTHGOBI RESOURCES
LTD ORD NPV (HKE) - - - - 37,900 - 37,900 -
SUN ART RETAIL GROUP
LTD ORD HKD0.3 242,816 670,000 - 912,816 - 1,691,474 1,448,658 242,816
TRAUSON HOLDINGS CO
ORD HKD0.1 6,979,645 - 6,979,645 - 6,979,645 - - 6,979,645
TSUI WAH HOLDINGS LTD
ORD HKD0.01 - 1,346,000 - 1,346,000 - - - -
WANT WANT CHINA
HOLDINGS LTD ORD
USD0.02 3,462,000 - 1,107,000 2,355,000 6,785,000 - 3,323,000 3,462,000
XIAO NAN GUO
RESTAURANTS HOLDINGS
LTD ORD HKD0.01 2,960,000 - 2,960,000 - - 2,960,000 - 2,960,000
XTEP INTERNATIONAL
HOLDINGS ORD HKD0.01 - - - - 6,312,604 - 6,312,604 -
YUANDA CHINA HLDG LTD
ORD HKD0.1 14,424,000 - 9,028,000 5,396,000 - 14,424,000 - 14,424,000
ZHONGSHENG GROUP
HOLDINGS LTD ORD
HKD0.0001 762,978 - 762,978 - - 762,978 - 762,978
ZOOMLION HEAVY
INDUSTRY SCIENCE AND
TECHNOLOGY CO LTD H
SHRS ORD CNY1 201,240 - 201,240 - 201,240 - - 201,240
Taiwan
CHAILEASE HOLDING CO
LTD TWD10 - 278,000 278,000 - - - - -
TPK HOLDING CO LTD ORD
TWD10 32,656 - - 32,656 78,000 59,656 105,000 32,656
47

MACQUARIE UNIT TRUST SERIES
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UNAUDITED) (CONTINUED)
MACQUARIE ASIA NEW
STARS FUND
As at
1 July
2012
For the year ended
30 June 2013
As at
30 June
2013
As at
1 July
2011
For the year ended
30 June 2012
As at
30 June
2012
Investments – Listed
Opening
balance Additions Disposals
Closing
balance
Opening
balance Additions Disposals
Closing
balance
Cayman Islands
LEE'S PHARMACEUTICAL
HOLDINGS LTD ORD
HKD0.05 - 420,000 420,000 - - - - -
Hong Kong
3SBIO INC COM USD0.0001
(ONE ADR REPS SEVEN ORD
SHRS) - - - - 30,500 3,600 34,100 -
APT SATELLITE HOLDINGS
LTD ORD HKD0.1 - 432,917 - 432,917 - - - -
BBMG CORP H SHS ORD
CNY1 488,500 1,264,000 1,752,500 - 359,000 129,500 - 488,500
CHINA HIGH PRECISION
AUTOMATION GROUP LTD
ORD HKD0.1 405,266 - 405,266 - - 405,266 - 405,266
CHINA HONGQIAO GROUP
LTD ORD USD0.01 832,000 - 832,000 - - 849,000 17,000 832,000
CHINA MEDICAL SYSTEM
HOLDINGS LTD ORD
USD0.005 - 1,728,533 632,990 1,095,543 - - - -
CHINA POLYMETALLIC
MINING LTD ORD
HKD0.00001 335,000 484,495 819,495 - - 335,000 - 335,000
CHINA POWER
INTERNATIONAL DEV LTD
ORD HKD1 - 1,648,000 - 1,648,000 - - - -
CHINA RESOURCES GAS
GROUP LTD ORD HKD0.1 282,000 64,000 36,000 310,000 - 690,000 408,000 282,000
CHINA QINFA GROUP LTD
ORD HKD0.1 4,602,118 480,000 5,082,118 - 359,000 4,243,118 - 4,602,118
CHINA SHANSHUI CEMENT
GROUP CO LTD ORD
USD0.01 730,000 3,441,000 2,768,000 1,403,000 - 730,000 - 730,000
CHINA SINGYES SOLAR
TECHNOLOGIES HOLDINGS
LTD ORD USD0.01 - 322,000 322,000 - - - - -
CHINA TAIPING INSURANCE
HOLDINGS CO LTD ORD
HKD0.05 611,000 794,000 - 1,405,000 - 611,000 - 611,000
CHINA VANADIUM TITANO -
MAGNETITE ORD HKD0.1 2,418,910 - 2,418,910 - - 4,784,445 2,365,535 2,418,910
CNINSURE INC ADR (1 ADR
REPS 20 ORD SHRS) - - - - 31,618 - 31,618 -
CSI PROPERTIES LIMITED
ORD HKD0.008 1,110,000 5,870,000 6,980,000 - - 1,110,000 - 1,110,000
CST MINING GROUP LTD
ORD HKD0.1 - - - - 47,568,000 9,696,000 57,264,000 -
DAH CHONG HONG ORD
HKD0.15 1,022,000 - 1,022,000 - 409,000 1,424,000 811,000 1,022,000
DAWNRAYS
PHARMACEUTICAL
(HOLDINGS) LIMITED ORD
HKD0.1 - - - - 1,499,999 - 1,499,999 -
48

MACQUARIE UNIT TRUST SERIES
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UNAUDITED) (CONTINUED)
MACQUARIE ASIA NEW
STARS FUND
As at
1 July
2012
For the year ended
30 June 2013
As at
30 June
2013
As at
1 July
2011
For the year ended
30 June 2012
As at
30 June
2012
Investments – Listed
Opening
balance Additions Disposals
Closing
balance
Opening
balance Additions Disposals
Closing
balance
EVA PRECISION INDUSTRIAL
HOLDINGS LTD ORD HKD0.1 - - - - 1,256,000 503,000 1,759,000 -
GOLDEN EAGLE RETAIL
GROUP LTD ORD HKD0.1 144,000 659,000 - 803,000 - 144,000 - 144,000
GREAT WALL MOTOR
COMPANY LTD H SHRS ORD
CNY1 959,750 52,000 455,000 556,750 470,250 615,000 125,500 959,750
GUOTAI JUNAN
INTERNATIONAL HOLDINGS
ORD HKD0.1 2,406,000 1,582,000 979,927 3,008,073 - 2,663,000 257,000 2,406,000
HAIER ELECTRONICS
GROUP CO LTD ORD HKD0.1 - 791,359 - 791,359 - - - -
HUTCHISON
TELECOMMUNICATIONS
HONG KONG HOLDINGS LTD
ORD HKD0.25 - 840,000 - 840,000 - - - -
INTIME RETAIL GROUP
COMPANY LTD ORD
USD0.00001 (FORMERLY
KNOWN AS INTIME
DEPARTMENT STORE
GROUP CO LTD ORD
USD0.00001) - 1,362,000 1,042,000 320,000 - - - -
LEE & MAN PAPER
MANUFACTURING LTD ORD
HKD0.025 - 2,008,000 166,000 1,842,000 - - - -
LUK FOOK HOLDINGS
INTERNATIONAL LTD ORD
HKD0.10 - - - - - 446,000 446,000 -
MAN WAH HOLDINGS LTD
ORD HKD0.4 - 1,410,326 1,410,326 - - - - -
MAOYE INTERNATIONAL
HOLDINGS ORD HKD0.1 - - - - 585,600 - 585,600 -
MINTH GROUP LTD ORD
HKD0.1 - 412,800 - 412,800 - - - -
NVC LIGHTING HOLDINGS
LTD ORD USD0.0000001 - - - - - 511,000 511,000 -
PEAK SPORT PRODUCTS
LTD ORD HKD0.01 - - - - 2,797,950 1,339,000 4,136,950 -
PHOENIX SATELLITE
TELEVISION HLDGS ORD
HKD0.1 1,190,000 1,500,000 - 2,690,000 - 1,190,000 - 1,190,000
PRINCE FROG
INTERNATIONAL HOLDINGS
ORD HKD0.01 1,591,258 254,250 1,845,508 - - 1,591,258 - 1,591,258
REAL GOLD MINING LTD
ORD HKD1 337,171 - 248,100 89,071 337,171 - - 337,171
SA SA INTERNATIONAL
HOLDINGS LTD ORD HKD0.1 - 2,852,000 1,900,000 952,000 - - - -
SAMSONITE INTERNATIONAL
ORD USD0.01 - 467,361 - 467,361 - - - -
SHENGUAN HOLDINGS
GROUP LTD ORD HKD0.01 2,315,618 - 2,315,618 - - 2,833,013 517,395 2,315,618
49

MACQUARIE UNIT TRUST SERIES
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UNAUDITED) (CONTINUED)
MACQUARIE ASIA NEW
STARS FUND
As at
1 July
2012
For the year ended
30 June 2013
As at
30 June
2013
As at
1 July
2011
For the year ended
30 June 2012
As at
30 June
2012
Investments – Listed
Opening
balance Additions Disposals
Closing
balance
Opening
balance Additions Disposals
Closing
balance
SHOUGANG FUSHAN
RESOURCES GROUP LTD
ORD HKD0.1 5,773,471 - 5,773,471 - - 5,773,471 - 5,773,471
SIHUAN PHARMACEUTICAL
HLDGS ORD HKD0.01 763,700 1,143,000 763,700 1,143,000 - 2,506,300 1,742,600 763,700
SINGAMAS CONTAINER
HLDGS LTD ORD HKD0.1 1,660,480 281,777 1,942,257 - - 1,660,480 - 1,660,480
SINO BIOPHARMACEUTICAL
LTD ORD HKD0.025 4,140,943 796,865 2,585,966 2,351,842 - 4,140,943 - 4,140,943
SINOMEDIA HOLDING LTD
ORD HKD0.0003125 - 1,632,399 - 1,632,399 - - - -
SKYWORTH DIGITAL
HOLDINGS LTD ORD HKD0.1 723,648 - 723,648 - 306,600 1,886,207 1,469,159 723,648
SOCAM DEVELOPMENT LTD
ORD HKD1 (FORMERLY
KNOWN AS SHUI ON
CONSTRUCTION ORD HKD1) - - - - 519,923 - 519,923 -
SUNNY OPTICAL
TECHNOLOGY GROUP CO
LTD ORD NPV - 1,195,000 1,195,000 - - - - -
TCC INTERNATIONAL
HOLDINGS LIMITED ORD
HKD0.1 70,000 - 70,000 - 574,000 3,042,000 3,546,000 70,000
TCC INTERNATIONAL
HOLDINGS LTD NIL PAID RTS
23/11/2011 - - - - - 446,400 446,400 -
UNI PRESIDENT CHINA
HOLDINGS ORD HKD0.01 - 610,000 610,000 - - - - -
WASION GROUP HOLDINGS
LTD ORD HKD0.01 - 1,693,376 - 1,693,376 - - - -
WUMART STORES INC H
SHRS ORD CNY1 392,500 - 392,500 - - 392,500 - 392,500
XINGDA INTERNATIONAL
HOLDING ORD HKD0.1 - 1,525,000 - 1,525,000 172,000 - 172,000 -
XTEP INTERNATIONAL
HOLDINGS ORD HKD0.01 - - - - 1,859,000 246,000 2,105,000 -
YUANDA CHINA HLDG LTD
ORD HKD0.1 2,416,000 - 2,416,000 - - 2,416,000 - 2,416,000
ZHONGSHENG GROUP
HOLDINGS LTD ORD
HKD0.0001 258,200 - 258,200 - - 258,200 - 258,200
India
AMTEK AUTO LTD ORD INR2
(DEMAT) 113,108 - 113,108 - - 113,108 - 113,108
APOLLO HOSPITALS
ENTERPRISE LTD ORD INR5
(DEMAT) 8,935 - 8,935 - - 8,935 - 8,935
D.B. CORP LTD ORD INR10
(DEMAT) - 66,000 66,000 - - - - -
GLENMARK
PHARMACEUTICALS LTD
ORD INR1 (DEMAT) 201,325 94,368 122,113 173,580 - 201,325 - 201,325
50

MACQUARIE UNIT TRUST SERIES
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UNAUDITED) (CONTINUED)
MACQUARIE ASIA NEW
STARS FUND
As at
1 July
2012
For the year ended
30 June 2013
As at
30 June
2013
As at
1 July
2011
For the year ended
30 June 2012
As at
30 June
2012
Investments – Listed
Opening
balance Additions Disposals
Closing
balance
Opening
balance Additions Disposals
Closing
balance
GUJARAT MINERAL DEV
CORP LTD ORD INR2
(DEMAT) - 215,054 215,054 - - - - -
GUJARAT PIPAVAV PORT
LTD ORD INR10 - 56,479 56,479 - - - - -
HAVELLS INDIA LIMITED ORD
INR5 (DEMAT) 61,948 12,947 74,895 - - 61,948 - 61,948
IPCA LABORATORIES LTD
DMT ORD INR2 34,529 51,772 86,301 - - 34,529 - 34,529
LUPIN LTD ORD INR2
(DEMAT) - - - - - 11,990 11,990 -
MACQUARIE BANK LTD
(JINDAL SAW LTD) CALL WTS
15/01/2015 - - - - 219,921 21,838 241,759 -
MACQUARIE BANK LTD
(TULIP TELECOM) CALL WTS
18/06/2013 - - - - 60,780 21,324 82,104 -
MACQUARIE BANK LTD (YES
BANK LTD) CALL WTS
10/09/2013 - - - - - 232,092 232,092 -
MACQUARIE BANK (DABUR
INDIA LTD) CALL WTS
22/09/2014 - - - - - 244,165 244,165 -
MACQUARIE BANK
(GLENMARK
PHARMACEUTICALS LTD)
CALL WTS 04/09/2014 - - - - - 56,251 56,251 -
NIIT TECHNOLOGIES LTD
ORD INR10 - 73,792 73,792 - - - - -
TULIP TELECOM LTD ORD
INR2 - - - - - 190,676 190,676 -
UNITED PHOSPHORUS LTD
ORD INR2 (DEMAT) - 337,573 - 337,573 - - - -
WOCKHARDT LTD ORD INR5 - 31,013 31,013 - - - - -
YES BANK LTD ORD INR10 265,402 120,215 57,420 328,197 - 289,687 24,285 265,402
Indonesia
ACE HARDWARE INDONESIA
ORD IDR100 759,455 3,313,045 9,630,000 - - 759,455 - 759,455
ARWANA CITRAMULIA ORD
IDR50 (DEMAT) - 6,708,316 650,000 6,058,316 - - - -
BANK PEMBANGUNAN
DAERAH JAWA ORD IDR250 - 9,982,074 5,824,500 4,157,574 - - - -
HARUM ENERGY ORD
IDR100 409,077 - 409,077 - 675,186 734,185 1,000,294 409,077
MEDIA NUSANTARA CITRA
ORD IDR100 - - - - - 2,863,000 2,863,000 -
MITRA ADIPERKASA TBK PT
ORD IDR500 1,653,000 161,000 1,814,000 - - 2,638,000 985,000 1,653,000
51

MACQUARIE UNIT TRUST SERIES
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UNAUDITED) (CONTINUED)
MACQUARIE ASIA NEW
STARS FUND
As at
1 July
2012
For the year ended
30 June 2013
As at
30 June
2013
As at
1 July
2011
For the year ended
30 June 2012
As at
30 June
2012
Investments – Listed
Opening
balance Additions Disposals
Closing
balance
Opening
balance Additions Disposals
Closing
balance
NIPPON INDOSARI
CORPINDO ORD IDR100 63,500 245,333 308,833 - - 63,500 - 63,500
PETROSEA ORD IDR50 1,029,500 - 1,029,500 - - 1,029,500 - 1,029,500
PT MATAHARI PUTRA PRIMA
TBK (DEMAT) ORD IDR50 - 7,138,684 7,138,684 - - - - -
SAKARI RESOURCES LTD
ORD NPV 187,000 - 187,000 - - 187,000 - 187,000
TEMPO SCAN PACIFIC ORD
IDR 50 685,618 367,085 1,052,703 - - 685,618 - 685,618
Korea
COWAY CO LTD ORD
KRW500 - 30,501 - 30,501 - - - -
CROWN CONFECTIONERY
CO ORD KRW5000 - 1,745 - 1,745 - - - -
DONGBU INSURANCE CO
LTD ORD KRW500 26,127 10,100 36,227 - 31,050 38,883 43,806 26,127
GRAND KOREA LEISURE CO
LTD ORD KRW500 77,243 - 77,243 - 89,360 55,283 67,400 77,243
GS HOME SHOPPING INC
ORD KRW5000 - - - - - 5,443 5,443 -
HANDSOME CO LTD ORD
KRW500 - - - - 33,058 9,540 42,598 -
HYUNDAI DEPARTMENT
STORE CO LTD ORD
KRW5000 5,267 - 5,267 - 8,203 7,960 10,896 5,267
HYUNDAI GREENFOOD CO
LTD ORD KRW500 105,372 38,400 79,670 64,102 - 105,372 - 105,372
HYUNDAI HOME SHOPPING
NETWORK CORP ORD
KRW5000 14,954 - 14,954 - - 16,298 1,344 14,954
HYUNDAI MARINE & FIRE
INSURANCE CO LTD ORD
KRW500 39,110 580 39,690 - - 46,990 7,880 39,110
KT SKYLIFE CO LTD ORD
KRW2500 - 13,500 - 13,500 - - - -
LG FASHION CORPORATION
ORD KRW5,000 - - - - 33,660 18,020 51,680 -
LG UPLUS CORP ORD
KRW5000 - 108,480 - 108,480 - - - -
LOTTE HIMART CO LTD ORD
KRW5,000 - 24,469 - 24,469 - - - -
OSSTEM IMPLANT CO LTD
ORD KRW500 - 23,140 23,140 - - - - -
PARADISE CO LTD ORD
KRW500 - 41,719 - 41,719 - - - -
PARTRON CO LTD ORD
KRW500 - 36,268 - 36,268 - - - -
SAMSUNG ENGINEERING CO
LTD ORD KRW5000 - - - - 4,990 - 4,990 -
52

MACQUARIE UNIT TRUST SERIES
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UNAUDITED) (CONTINUED)
MACQUARIE ASIA NEW
As at
For the year ended
As at
As at
For the year ended
As at
STARS FUND
1 July
30 June 2013
30 June
1 July
30 June 2012
30 June
2012
2013
2011
2012
Opening
Closing
Opening
Closing
Investments – Listed
balance Additions Disposals
balance
balance Additions Disposals
balance
SOULBRAIN CO LTD ORD
KRW500 - 38,165 30,600 7,565 - - - -
YUHAN CORPORATION ORD
KRW5000 - 6,666 - 6,666 - - - -
Luxembourg
CITIGROUP GLOBAL
MARKETS HLDGS INC (TULIP
TELECOM) CWTS 24/10/2012 - - - - 108,572 - 108,572 -
CITIGROUP GLOBAL
MARKETS HOLDINGS INC
(YES BANK LTD) P-NOTE
24/10/2012 - - - - - 232,092 232,092 -
Malaysia
MAH SING GROUP CALL WTS
18/03/2018 - 140,160 140,160 - - - - -
MAH SING GROUP ORD
MYR0.5 - 1,209,100 127,500 1,081,600 - - - -
MAH SING GROUP ORD
MYR0.5 NIL PAID RTS
08/03/2013 - - 233,600 - - - - -
MEDIA PRIMA ORD MYR1 - 519,930 - 519,930 584,600 72,700 657,300 -
QSR BRANDS BHD ORD
MYR1 126,000 - 126,000 - 497,800 38,800 410,600 126,000
Philippines
MANILA WATER COMPANY
ORD PHP1 1,887,500 71,000 1,958,500 - 1,829,100 328,600 270,200 1,887,500
SECURITY BANK CORP ORD
PHP10 323,332 127,696 451,028 - 384,580 195,372 256,620 323,332
SEMIRARA MINING
CORPORATION ORD PHP1 335,320 69,000 246,691 157,629 89,000 246,320 - 335,320
Singapore
EZION HOLDINGS LTD ORD
NPV 513,000 740,075 535,744 717,331 - 513,000 - 513,000
GENTING HONG KONG LTD
ORD USD0.1 (SGX) - 1,577,000 - 1,577,000 - - - -
M1 LTD ORD NPV - 247,000 - 247,000 - - - -
OSIM INTERNATIONAL LTD
ORD SGD0.05 - 1,169,104 - 1,169,104 - - - -
STX OSV HOLDINGS LTD
ORD NPV - - - - - 381,000 381,000 -
Taiwan
53

MACQUARIE UNIT TRUST SERIES
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UNAUDITED) (CONTINUED)
MACQUARIE ASIA NEW
STARS FUND
As at
1 July
2012
For the year ended
30 June 2013
As at
30 June
2013
As at
1 July
2011
For the year ended
30 June 2012
As at
30 June
2012
Investments – Listed
Opening
balance Additions Disposals
Closing
balance
Opening
balance Additions Disposals
Closing
balance
APEX BIOTECHNOLOGY ORD
TWD10 256,751 26,876 283,627 - - 256,751 - 256,751
APEX BIOTECHNOLOGY
CORP NIL PAID RTS
17/09/2012 - - 2,876 - - - - -
CATCHER TECHNOLOGY CO
LTD ORD TWD10 273,000 209,000 273,000 209,000 290,000 113,000 130,000 273,000
CHAILEASE HOLDING CO
LTD TWD10 200,000 207,000 407,000 - - 200,000 - 200,000
KING SLIDE WORKS CO LTD
ORD TWD10 - 145,000 10,000 135,000 - - - -
KINGS TOWN BANK ORD
TWD 10 - 574,000 - 574,000 - - - -
LARGAN PRECISION CO LTD
ORD TWD10 - 33,000 - 33,000 - - - -
MAKALOT INDUSTRIAL CO
LTD ORD TWD10 - 167,000 27,000 140,000 - - - -
NOVATEK
MICROELECTRONICS LTD
ORD TWD10 - 124,000 - 124,000 - - - -
POYA CO LTD ORD TWD10 - 138,000 - 138,000 - - - -
RADIANT OPTO-
ELECTRONICS CORP ORD
TWD10 164,000 232,000 400,920 - - 164,000 - 164,000
ST SHINE OPTICAL CO LTD
ORD TWD10 60,077 82,084 26,000 116,161 94,841 29,000 63,764 60,077
TAIWAN HON CHUAN
ENTERPRISE CO LTD NIL
PAID RTS 03/08/2011 - - - - - 22,937 22,937 -
TAIWAN HON CHUAN
ENTERPRISE CO LTD ORD
TWD10 - - - - 317,840 48,937 366,777 -
TPK HOLDING CO LTD ORD
TWD10 36,284 - 36,284 - - 36,284 - 36,284
TXC CORP ORD TWD10 - - - - 520,000 799 520,799 -
WISTRON NEWEB
CORPORATION ORD NPV - - - - 137,000 - 137,000 -
Thailand
CENTRAL PLAZA HOTEL PCL
ORD THB1 (FR) - 1,424,569 1,424,569 - - - - -
CENTRAL PLAZA HOTEL PCL
ORD THB1 (LR) - 1,320,315 1,320,315 - - - - -
DYNASTY CERAMIC PCL
ORD THB1 (FR) - 405,800 - 405,800 - - - -
HOME PRODUCT CENTER
PCL ORD THB1 (LR) - - - - - 1,365,460 1,365,460 -
HOME PRODUCTS CENTRE
PCL ORD THB1 (FR) 813,474 - 813,474 - - 2,725,125 1,911,651 813,474
54

MACQUARIE UNIT TRUST SERIES
STATEMENT OF MOVEMENTS IN INVESTMENT PORTFOLIO (UNAUDITED) (CONTINUED)
MACQUARIE ASIA NEW
STARS FUND
As at
1 July
2012
For the year ended
30 June 2013
As at
30 June
2013
As at
1 July
2011
For the year ended
30 June 2012
As at
30 June
2012
Investments – Listed
Opening
balance Additions Disposals
Closing
balance
Opening
balance Additions Disposals
Closing
balance
JASMINE INTERNATIONAL
PCL ORD THB0.5 (FR) - 16,362,281 11,607,000 4,755,281 - - - -
ROBINSON DEPARTMENT
STORE PCL ORD THB3.55
(FR) 183,985 - 183,985 - - 772,100 588,115 183,985
ROBINSON DEPARTMENT
STORE PCL ORD THB3.55
(LR) - - - - - 173,700 173,700 -
SAMUI AIRPORT PROPERTY
FUND (LR) - 1,703,700 250,000 1,453,700 - - - -
SINO THAI ENGINEERING &
CONSTRUCTION PCL ORD
THB1 (FR) - 773,900 931,300 - - - - -
SINO THAI ENGINEERING &
CONSTRUCTION PCL ORD
THB1 (LR) - 455,600 455,600 - - - - -
United States of America
HOLLYSYS AUTOMATION
TECHNOLOGIES LTD COM
USD0.0001 - 44,798 44,798 - - - - -
55

MACQUARIE UNIT TRUST SERIES
FOR THE PERIOD FROM 1 JULY 2012 TO 30 JUNE 2013
PERFORMANCE RECORD (UN-AUDITED)
a) Net asset value
Macquarie IPO China Concentrated Core Fund
At the end of the financial period
Total net asset value
US$
Net asset value per unit (cum distribution)
US$
30 June 2013 31,323,817 Class A1: 4.0808
Class A2: 8.6283
30 June 2012 39,975,371 Class A1: 3.3724
Class A2: 7.1305
30 June 2011 56,379,321 Class A1: 4.9499
Class A2: 10.4658
30 June 2010 75,294,352 Class A1: 4.4746
Class A2: 9.4608
30 June 2009 89,852,831 4.1914
30 June 2008 169,319,419 9.2616
Macquarie IPO China Gateway Fund
At the end of the financial period
Total net asset value
US$
Net asset value per unit (cum distribution)
US$
30 June 2013 59,458,933 Class A1: 7.1664
Class A2: 10.4132
Class A3: 82.3180 (HKD)
30 June 2012 56,759,112 Class A1: 5.5194
Class A2: 8.0201
Class A3: 63.3920 (HKD)
30 June 2011 98,516,926 Class A1: 8.0157
Class A2: 11.6473
Class A3: 92.3840 (HKD)
30 June 2010 113,716,664 Class A1: 6.9339
Class A2: 10.0754
30 June 2009 112,121,037 6.0751
30 June 2008 163,937,365 6.9277
Macquarie Asia New Stars Fund
At the end of the financial period
Total net asset value
US$
Net asset value per unit (cum distribution)
US$
30 June 2013 58,615,706 Class A1: 13.7745
Class A2: 19.5054
Class I: 17.3606
30 June 2012 41,294,786 Class A1: 10.3156
Class A2: 14.6074
Class I: 12.7763
30 June 2011 34,406,291 Class A1: 12.8599
Class A2: 18.2102
Class I: 15.6512
30 June 2010 14,705,580 Class A1: 8.8887
Class A2: 12.5671
Class I: 10.5319
30 June 2009 8,559,430 6.0668
30 June 2008 13,115,608 7.102
56

MACQUARIE UNIT TRUST SERIES
FOR THE PERIOD FROM 1 JULY 2012 TO 30 JUNE 2013
PERFORMANCE RECORD (UN-AUDITED) (Continued)
b) Performance record since inception
Macquarie IPO China Concentrated Core Fund
For the financial period ended
Highest issue price per unit
US$
Lowest redemption price per unit
US$
30 June 2013 Class A1: 4.383
Class A2: 9.267
Class A1: 3.132
Class A2: 6.623
30 June 2012 Class A1: 4.998
Class A2: 10.566
Class A1: 3.196
Class A2: 6.759
30 June 2011 Class A1: 5.911
Class A2: 12.361
Class A1: 4.343
Class A2: 9.184
30 June 2010 Class A1: 5.144
Class A2: 10.851
Class A1: 4.015
Class A2: 8.676
30 June 2009 4.320 2.074
30 June 2008 15.249 8.355
30 June 2007 11.535 9.911
Macquarie IPO China Gateway Fund
For the financial period ended
Highest issue price per unit
US$
Lowest redemption price per unit
US$
30 June 2013 Class A1: 7.633
Class A2: 11.091
Class A3: 87.737 (HKD)
Class A1: 5.138
Class A2: 7.466
Class A3: 59.016 (HKD)
30 June 2012 Class A1: 8.114
Class A2: 11.790
Class A3: 93.502 (HKD)
Class A1: 5.122
Class A2: 7.443
Class A3: 59.059 (HKD)
30 June 2011 Class A1: 9.500
Class A2: 13.561
Class A3: 106.361 (HKD)
Class A1: 6.716
Class A2: 9.759
Class A3: 88.318 (HKD)
30 June 2010 Class A1: 7.921
Class A2: 11.424
Class A1: 5.912
Class A2: 8.858
30 June 2009 6.264 2.919
30 June 2008 11.621 6.579
Macquarie Asia New Stars Fund
For the financial period ended
Highest issue price per unit
US$
Lowest redemption price per unit
US$
30 June 2013 Class A1: 14.889
Class A2: 21.091
Class I: 18.849
Class A1: 9.971
Class A2: 14.119
Class I: 12.365
30 June 2012 Class A1: 13.497
Class A2: 19.114
Class I: 16.527
Class A1: 9.430
Class A2: 13.353
Class I: 11.529
30 June 2011 Class A1: 13.210
Class A2: 18.693
Class I: 16.079
Class A1: 8.731
Class A2: 12.344
Class I: 10.346
30 June 2010 Class A1: 9.421
Class A2: 13.286
Class I: 11.024
Class A1: 6.008
Class A2: 9.123
Class I: 10.000
30 June 2009 6.915 2.923
30 June 2008 10.000 7.032
57