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.

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.

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.

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.

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.