Fund News

Bendigo and Adelaide Bank have reviewed the transaction service fees for the Adelaide Cash Management Trust.

This is in line with its view that they must reflect its cost of service delivery, represent good value, should be incurred only by customers using a service and should be fair to all. Click here to review the changes to fees.

Sandhurst has issued a new Product Disclosure Statement (PDS) for the Sandhurst Investment Common Fund dated 6 March 2013. It is important that you read the PDS before making an investment decision. If you wish to apply, the Application Forms can be found here.

The Sandhurst Strategic Income Fund provides a simple and effective way to add cash and other interest bearing securities to your investment portfolio. Whilst aiming to maximise returns, we will monitor and change the Fund’s investments over time so that the Fund maintains exposure to favourable interest bearing securities in varying economic conditions and markets.

Find out more information about: Sandhurst Strategic Income Fund

The AMF Yield Fund (Fund) was closed effective 15 December 2011. Following the realisation of the Fund’s assets and liabilities, Sandhurst has determined that there are no further member entitlements due. Unitholder’s funds (principal and interest income) have been distributed.

Should you have any further queries regarding the closure, please contact 1800 224 124.

Sandhurst has issued a new product disclosure statement (PDS) for the following funds:

• Bendigo Conservative Fund
• Bendigo Balanced Fund
• Bendigo Growth Fund

It is important that you read the PDS including other important information in the Bendigo Managed Funds Reference Guide, before making an investment decision. If you wish to apply, the Application Form can be found here.

In an endeavor to ensure that we achieve the best possible result for our investors, Sandhurst regularly reviews the overall performance of each fund and our selected investment managers. Investment managers are selected based on their performance, investment philosophy and strategy and key personnel. As at 19 March 2012, Sandhurst Trustees Limited (Sandhurst) has stopped using Global Value Investors Limited (GVI) as an investment manager for its international share investments in the following diversified funds (the Funds):

Bendigo Managed Funds

• Bendigo Conservative Fund
• Bendigo Balanced Fund
• Bendigo Growth Fund

Bendigo Managed Wholesale Funds

• Bendigo Defensive Wholesale Fund
• Bendigo Conservative Wholesale Fund
• Bendigo Balanced Wholesale Fund
• Bendigo Growth Wholesale Fund, and
• Bendigo High Growth Wholesale Fund

This decision follows GVI appointing Aubrey Capital Management Limited (Aubrey) as its sub-investment manager. Aubrey has a thematic and growth based approach to investing, which differs to GVI’s original value and income style.

To retain a value and income style investment approach within this sector, Sandhurst has decided to use Independent Franchise Partners LLP (IFP) and Epoch Investment Partners Inc (Epoch) instead of GVI.

IFP and Epoch have experienced investment personnel, strong investment and risk management processes and track records of delivering outperformance in various markets. Their inclusion complements the existing growth style managers whilst retaining a value and income strategy in this sector.

To find out more on our investment mangers and their investment philosophies, please read our Investment Manager Guide.

Sandhurst is pleased to announce that IML has been awarded the 2012 Morningstar Award for Domestic Equities.

Sandhurst, through a long standing alliance with IML, uses the skills and expertise of IML as an investment manager in the Australian equities sector for many of its managed funds including our Diversified Funds.

The Morningstar Awards judge the performance and processes of managed funds available to Australian retail investors such as retail and wholesale unit trusts and superannuation funds. No single fund determines the winner in a category and all eligible funds offered by each manager were analysed to determine the category winners, ultimately decided by a combination of:

• the medium- to long-term track record;
• performance over calendar 2011; and
• those fund managers Morningstar analysts believe are worthy of the award.

On 23 November 2011, Sandhurst was advised by Global Value Investors Limited (GVI) that its Board had decided to appoint Aubrey Capital Management Limited (Aubrey) as the sub-investment manager for the GVI Industrial Share Fund (Fund). GVI remains the investment manager of the Fund.

Currently the following Active Diversified Funds gain exposure to international shares by investing in the Fund:

Bendigo Managed Funds

• Bendigo Conservative Fund
• Bendigo Balanced Fund
• Bendigo Growth Fund

Bendigo Managed Wholesale Funds

• Bendigo Defensive Wholesale Fund
• Bendigo Conservative Wholesale Fund
• Bendigo Balanced Wholesale Fund
• Bendigo Growth Wholesale Fund
• Bendigo High Growth Wholesale Fund

Sandhurst is currently undertaking a review of this change and will determine any impacts to investors. Please refer to this website for further updates.

As of 1 October 2011 Sandhurst launches 7 new funds under its ‘Bendigo Managed Wholesale Funds’ suite. In addition a number of changes have been made to the existing Bendigo Conservative Wholesale Fund, Bendigo Balanced Wholesale Fund and Bendigo Growth Wholesale Fund including the selected investments managers, management costs, buy/sell spreads and target asset allocations being revised. To find out more, read the new product disclosure statement for each of these funds.

Sandhurst Trustees Limited (Sandhurst) is pleased to announce that the Sandhurst IML Industrial Share Fund (Fund) was recently named the winner of the Financial Review Smart Investor Blue Ribbon Award in the category of Australian large-cap shares for 2012.

The awards are held in high regard amongst the financial services community as one of the premier industry awards. The Sandhurst IML Industrial Share Fund was named as the best large-cap fund against a field of many strong competitors. Since inception, the Fund has returned 8.66% p.a. and over the 12 months to 30 June 2012 delivered a return of 6.33%.

This award caps off a strong year for both Sandhurst and IML. IML’s focus on quality and value was a key factor in achieving its performance in the last few years and this award is a great result for that effort.

To find out more information on the Fund, click here.

From 8 June 2012 the Sandhurst Professional Series product suite is closed to both new and additional applications while Sandhurst reviews its product offering and the future of these funds. This includes the following products:

• Sandhurst Professional IML Australian Share Fund;
• Sandhurst Professional IML Industrial Share Fund;
• Sandhurst Professional IML Future Leaders Fund; and
• ·Sandhurst Professional GVI Global Industrial Fund
  

Closing the funds does not restrict investor’s abilities to access their funds or seek information on their investment and is not expected to impact the investment performance of the funds.

Note: the Sandhurst Professional IML Value & Income Fund was closed on 14 December 2010.

This decision does not affect any other products offered by Sandhurst.

Please refer to this website for further updates.

Sandhurst has issued a new product disclosure statement (PDS) for the following funds:

• Sandhurst Industrial Share Fund
• Sandhurst Future Leaders Fund

It is important that you read the PDS including other important information in the Bendigo Managed Funds Reference Guide, before making an investment decision. If you wish to apply, the Application Form can be found here.

Sandhurst is pleased to announce that IML has been awarded the 2012 Morningstar Award for Domestic Equities.

Sandhurst, through a long standing alliance with IML, uses the skills and expertise of IML as an investment manager in the Australian equities sector for many of its managed funds including our Australian Share Funds.

The Morningstar Awards judge the performance and processes of managed funds available to Australian retail investors such as retail and wholesale unit trusts and superannuation funds. No single fund determines the winner in a category and all eligible funds offered by each manager were analysed to determine the category winners, ultimately decided by a combination of:

• the medium- to long-term track record;
• performance over calendar 2011; and
• those fund managers Morningstar analysts believe are worthy of the award.

Click here to read more.

Sandhurst has issued a new Product Disclosure Statement (PDS) for the Sandhurst IML Industrial Share Fund dated 29 February 2012.

Sandhurst has issued a new Product Disclosure Statement (PDS) for the Sandhurst IML Industrial Share Fund dated 29 February 2012.
It is important that you read the PDS including other important information in the Sandhurst IML Industrial Share Fund Reference Guide , before making an investment decision. If you wish to apply, the Application Form can be found here.

The Sandhurst Future Leaders Fund has won the AFR Smart Investor Blue Ribbon Award 2009 for the best small-cap fund in Australia for the year to 31 May 2009.

The rating change is due to improvements in investment staff stability. Refer to the Press Release.

The Sandhurst Professional GVI Global Industrial Fund (SPS GVI Fund) invests in an underlying managed fund of which Treasury Group Investment Services (TGIS) is the responsible entity. TGIS has notified Sandhurst Trustees that the fund into which the SPS GVI Fund invests into has changed its name as follows:

Global Value Investors Limited remains the investment manager of the fund and Aubrey Capital Management Limited remains its sub-investment manager.

From 8 June 2012 the Sandhurst Professional Series product suite is closed to both new and additional applications while Sandhurst reviews its product offering and the future of these funds. This includes the following products:

• Sandhurst Professional IML Australian Share Fund;
• Sandhurst Professional IML Industrial Share Fund;
• Sandhurst Professional IML Future Leaders Fund; and
• ·Sandhurst Professional GVI Global Industrial Fund
  

Closing the funds does not restrict investor’s abilities to access their funds or seek information on their investment and is not expected to impact the investment performance of the funds.

Note: the Sandhurst Professional IML Value & Income Fund was closed on 14 December 2010.

This decision does not affect any other products offered by Sandhurst.

Please refer to this website for further updates.

Sandhurst temporarily closed the Sandhurst Professional GVI Global Industrial Fund while it assessed the appointment of Aubrey Capital Management Limited (Aubrey) as the sub-investment manager for the GVI Global Industrial Share Fund.

Following its evaluation of Aubrey, Sandhurst has re-opened the Sandhurst Professional GVI Global Industrial Fund. Sandhurst has issued a Supplementary Product Disclosure Statement (SPDS) dated 10 February 2012 for the Sandhurst Professional Series, which includes information on Aubrey’s investment philosophy and style.

This SPDS should be read together with the Sandhurst Professional Series Product Disclosure Statement (PDS) dated 30 November 2009 and any updates to the PDS available via this website. Please note the updates contained within the SPDS only apply to the Sandhurst Professional GVI Global Industrial Fund.

View the PDS here.

Sandhurst has temporarily closed the Sandhurst Professional GVI Global Industrial Fund (Fund), which invests in GVI Global Industrial Share Fund, to new investments. This follows the investment manager of the GVI Global Industrial Share Fund appointing Aubrey Capital Management Limited (Aubrey) as its sub-investment manager. Aubrey is now responsible for the day to day investment management decisions of the GVI Global Industrial Share Fund.

Sandhurst has closed the Fund until Aubrey has been fully evaluated by Sandhurst.

Please refer to this website for further updates.

On 23 November 2011, Sandhurst was advised by Global Value Investors Limited (GVI) that its Board had decided to appoint Aubrey Capital Management Limited (Aubrey) as the sub-investment manager for the GVI Global Industrial Share Fund (Fund). GVI remains the investment manager of the Fund.

The Sandhurst Professional GVI Global Industrial Share Fund invests in the Fund.

Sandhurst is currently undertaking a review of this change and will determine any impacts to investors. Please refer to this website for further updates.

Sandhurst Trustees assumed the role of Responsible Entity on 30 March 2011 for the Adelaide Managed Funds Protected Global Opportunities Fund (PGOF). Sandhurst has also taken over the registry and administration functions from Perpetual Services Pty Ltd.

PGOF is a 7 year capital protected investment, maturing on May 2014. Investors are provided with exposure to a diversified portfolio of international investments.

The portfolio exposure is equally divided between a diversified portfolio of offshore listed real estate investment trusts (REITs) and emerging market funds in Brazil (Latin America), Russia, India and China (BRIC funds).

Sandhurst Trustees replacing Adelaide Managed Funds as Responsible Entity was the next logical step in consolidating two funds management businesses within the Bendigo and Adelaide Bank group of companies.

The latest PGOF Net Asset Value price can be found here.