Sandhurst IML Industrial Share Fund
The Sandhurst IML Industrial Share Fund (Fund) aims to achieve, over the long-term, capital growth and income and to deliver a return (before fees) that is in excess of the S&P/ASX 300 Industrial Accumulation Index on a rolling four year basis.
The Fund was named the winner of the Financial Review Smart Investor Blue Ribbon Award in the category of Australian Large-Cap Shares for 2012.
The Fund will invest predominantly in the Sandhurst Industrial Share Fund for which Investors Mutual Limited (IML) is currently the investment manager. It will be exposed to a diversified portfolio of quality Australian industrial shares (including listed property trusts) included in the S&P/ASX 300 Industrial Accumulation Index, where these assets are identified by IML as being undervalued.
Sandhurst manages the cash and short-term securities component of the Fund.The target asset allocation within which Sandhurst Trustees will operate the Fund is detailed below:
|Australian shares (industrial)||min 80% – max 100% (neutral allocation 90%)|
|Cash and cash equivalents||min 0% - max 20% (neutral allocation 10%)|
|Minimum initial investment||
+ 0.25% / - 0.25%
|Maximum indirect cost ratio2||0.95% p.a.|
30 June, and 31 December
Distributions are normally paid within 2 months of these calculation dates
1 Buy/sell spread is reflective of anticipated costs of buying or selling investments as a result of Investors acquiring or withdrawing units in the Fund and is subject to change from time to time.
2 Indirect Cost Ratio (ICR) is the total of management costs (that is, ongoing fees and costs) of the Fund during a financial year represented as a percentage of the average net asset value inclusive of GST. The ICR does not include transaction costs (e.g. the buy/sell spread) and/or abnormal expenses. Refer to the ‘Fees and costs’ section of the current Product Disclosure Statement for more details.
Why choose the Sandhurst IML Industrial Share Fund
The Fund may be suitable for investors looking for:
- access to high growth assets with the potential for long-term growth;
- access to a leading professional investment manager;
- capital growth with regular income;
- a simple and convenient way to invest, as we handle all of the paperwork and administration;
- a responsible entity with a proven record: Sandhurst aims to create wealth for investors by employing a disciplined and conservative approach to managing quality assets.
Recommended for at least a 5 year investment period.
The information on this page is a summary only. For the Application Form and for further information please refer to the Product Disclosure Statement, applicable PDS updates and Reference Guide which are available at our website www.sandhursttrustees.com.au/pds or alternatively please contact our Customer Service Team on 1800 634 969.