A Target Market Determination (TMD) is a document that seeks to offer an understanding of the class of consumers for which a fund has been designed, having regard to the objectives, financial situation and needs of the target market.

Target Market Determinations are not to be treated as a full summary of the significant information about a fund and do not provide financial product advice. Investors should refer to the Product Disclosure Statement (PDS) and any supplementary documents when making a decision about a fund.