Sandhurst Strategic Income Fund
Fund overview
The Sandhurst Strategic Income Fund (Fund) is a unit trust in which individual investor’s money is pooled and invested in interest bearing securities including but not limited to bank deposits, money market securities, floating rate notes and asset backed securities. The Fund aims to deliver income returns to outperform the UBS Bank Bill Index plus 1% (benchmark) on a risk adjusted basis.
Investment Strategy
The Sandhurst Strategic Income Fund aims to outperform the Benchmark over any 3 year period by investing in a diversified portfolio of domestic and global interest bearing securities across a range of maturities. The Fund will adjust its investments in line with market conditions to optimise returns and control volatility.
The Fund may invest in a range of domestic interest bearing securities and global bonds subject to exposure limits. The Fund will not take any foreign exchange positions and global bond holdings will be hedged back to Australian dollars.
Features
The Fund offers more than one class of unit. The term used to describe this type of offering is called “multi-class pricing”. An investor who applies directly for units in the Fund is defined as a Direct Investor and is issued with Class A units. An investor who applies for units in the Fund through a platform is defined as a Platform Investor and is issued with Class B units. Both units are ranked equally on a return of capital basis and have the same investment portfolio.
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| Features | DirectInvestor (Class A) |
Platform Investor (Class B) |
| Minimum initial investment | $10,000 | As directed by platform operator |
| Minimum ongoing balance | $10,000 | As directed by platform operator |
| Minimum additional investment | $1,000 or $100 per month via a regular savings plan | As directed by platform operator |
| Minimum withdrawal amount | $1,000 | As directed by platform operator |
| Maximum withdrawal amount | Total monthly withdrawals are capped at $5m per Investor 1 | As directed by platform operator |
| Application processing | Daily | As directed by platform operator |
| Withdrawal processing | Weekly on Wednesdays 1 | As directed by platform operator |
| Entry and exit fees | Nil | Nil |
| Indirect cost ratio (ICR) 2 | 0.65% p.a. | 0.45% p.a. |
| Unit pricing | Daily unit pricing at Net Asset Value (NAV) for applications Weekly unit pricing at NAV for withdrawals |
Daily unit pricing at NAV |
| Buy-sell spread3 | +0.1% / -0.2% of the NAV per unit | +0.1% / -0.2% of the NAV per unit 4 |
| Income distributions | Quarterly distributions based on investor entitlements as at 31 March, 30 June, 30 September and 31 December | |
| Income payment options | 1) Reinvested in further units in the Fund (default option, or if a direct credit rejection occurs); or Please note that distributions will not be paid by cheque. |
Platform Investor distributions are paid as directed by the relevant platform operator. Platform Investors should speak with your platform operator or adviser for further information. |
1 Withdrawals for Direct Investors will ordinarily be processed on a Wednesday or the next business day if Wednesday is a public holiday in Melbourne. For each Direct Investor, total monthly withdrawals for any particular calendar month are capped at $5,000,000. Sandhurst will use reasonable efforts to satisfy withdrawal requests above this cap but is not required to do so.
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 NAV 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 other costs’ section of the current Product Disclosure Statement for more details.
3 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.
4 For Platform Investors, your platform operator may charge additional amounts to process your investments or withdrawals in the Fund or to manage your investments in the Fund.
Why choose the Sandhurst Strategic Income Fund?
- A simple and effective way to diversify the defensive portion of your investment portfolio in income generating assets.
- A low risk investment which aims to provide a competitive return compared to other fixed income products including term deposits and at call accounts.
- Strategic management of your investment which means we work hard to outperform the benchmark by continuously reviewing and changing underlying investments.
- A simple and convenient way to invest, as we handle all of the paperwork and administration.
- Provides you with regular income via quarterly distributions.
- Easy access to your funds and with us managing your investments for you there is no need to worry about rolling over maturing deposits..
- Comfort and knowledge that Sandhurst Trustees has a proven track record and long standing history of over 120 years.
Risk Profile
- LOW
