Sandhurst Investment Common Fund
Fund overview
The objective of the Sandhurst Investment Common Fund (Fund) is to provide investors with regular income, capital stability and a range of investment terms and rates.
Investment strategy
Sandhurst aims to achieve the investment objective of the Fund by investing in a pool of diversified mortgage assets that is consistent with our conservative lending policy. The Fund predominantly invests in Australian first registered mortgages and mortgage backed securities that are income producing. The Fund also seeks to hold cash and cash equivalent assets to generate income and provide liquidity to the Fund.
Features
| Operation | Certificate and annual investment statement |
| Minimum initial investment | $2000 by cheque or direct credit only |
| Minimum additional investments | Not applicable Additional investments can only be made at the time of the investment renewal |
| Investment term | Choice of fixed investment terms between 3 months and 5 years |
| Income distributions | Choice of monthly, quarterly, half yearly, yearly or on maturity (as nominated on the Application Form) Income is calculated on your daily balance and paid at maturity of the investment or at an agreed frequency. You can choose to have distributions reinvested or paid to your nominated bank account. Income distributions are not guaranteed. |
| Income payment options |
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| Withdrawals¹ | Cheque withdrawals only |
Anticipated Returns as at 24 May 2013
For each investment term offered Sandhurst will set a rate of return (net of all fees and costs) which it will anticipate meeting over the duration of the investment, referred to as the Anticipated Return. Sandhurst calculates the Anticipated Return by careful analysis of the Fund’s investment income and by considering factors such as economic and market conditions.
Anticipated Returns are not guaranteed and there is a risk that the rate paid may be lower than expected. Any income earned by the Fund above the Anticipated Return is paid as a performance fee² to Sandhurst.
| Term | Interest | Anticipated Return |
| 3 Months | On Maturity | 4.20% p.a.* |
| 6 Months | On Maturity | 4.30% p.a.* |
| 1 Year | On Maturity | 4.30% p.a.* |
| 1 Year | Half Yearly | 4.25% p.a. |
| 1 Year | Quarterly | 4.20% p.a. |
| 1 Year | Monthly | 4.15% p.a. |
| 2 Years | On Maturity | 4.40% p.a.* |
| 2 Years | Yearly | 4.35% p.a. |
| 2 Years | Half Yearly | 4.30% p.a. |
| 2 Years | Quarterly | 4.25% p.a. |
| 2 Years | Monthly | 4.20% p.a. |
| 3 Years | On Maturity | 4.60% p.a.* |
| 3 Years | Yearly | 4.55% p.a. |
| 3 Years | Half Yearly | 4.50% p.a. |
| 3 Years | Quarterly | 4.45% p.a. |
| 3 Years | Monthly | 4.40% p.a. |
| 4 Years | On Maturity | 4.50% p.a.* |
| 4 Years | Yearly | 4.30% p.a. |
| 4 Years | Half Yearly | 4.25% p.a. |
| 4 Years | Quarterly | 4.20% p.a. |
| 5 Years | On Maturity | 5.00% p.a.* |
| 5 Years | Yearly | 4.75% p.a. |
| 5 Years | Half Yearly | 4.70% p.a. |
| 5 Years | Quarterly | 4.65% p.a. |
| Transaction account^ | Quarterly | 2.15% p.a. |
* Income calculated daily on simple interest basis and paid on maturity
^ A Transaction Account is a Sandhurst Investment Common Fund account with a ‘V' or ‘X' in the Customer Number; these accounts are no longer available
To view previous returns of the fund click here
Additional Features
On the 3 year term investments there is a rainy day access feature, allowing you to withdraw¹ 25% of your initial investment at anytime during the term.
Why choose the Sandhurst Investment Common Fund?
- 100% of funds are invested in income generating assets, including first registered mortgages and cash assets
- A choice of investment terms
- Flexible distribution methods (reinvest or direct credit payments)
- No application or withdrawal fees and a competitive management fee², which means more of your money is working for you
- An opportunity to balance a portfolio of longer term investments or offset less liquid investments
Fees on your account
- No account keeping fees
- No entry and exit fees
- Indirect Cost Ratio3 as at 31 March 2013 is 1.34% p.a.
Investments in this Fund are not deposits with, guaranteed by, or liabilities of the Bendigo and Adelaide Bank Limited, or any other bank and are subject to normal investment risk including loss of some or all of the principal invested.
1 Sandhurst shall satisfy withdrawal requests as soon as practicable (generally on the same day, but not more than 12 months). However, withdrawal requests may be delayed or refused if in Sandhurst’s reasonable opinion it is in the best interests of investors as a whole to do so. Investors will only have limited rights to withdraw if the Fund does not satisfy the liquidity test in the Corporations Act. There is a risk that withdrawal proceeds will not be paid within a reasonable period after the initial investment term.
2 Refer to the ‘Fees and other costs’ section of the current Product Disclosure Statement for more details of fees and costs.
3 Indirect Cost Ratio (ICR) is calculated using the net asset value of the Fund (inclusive of GST). The ICR includes management fees, any performance fees and certain other expenses. Refer to the Product Disclosure Statement for further information on fees and costs.
