Commercial Loans - Sandhurst Trustees
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PDS Updates

Cash Funds

Sandhurst Cash Common Fund

Change Details
15 December 2016

A new PDS was issued on 15 December 2016. There are currently no updates to this PDS.

The current PDS and Application Form here.

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Adelaide Cash Management Trust

Change Details

1 November 2016

A new PDS was issued on 1 November 2016. There are currently no updates to this PDS.

The current PDS and Application Form can be located here.


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Responsible Investment Funds

Bendigo Socially Responsible Growth Fund

Change Details

16 September 2016

A new PDS was issued on 16 September 2016. There are currently no updates to this PDS.

The current PDS, Reference Guide and Application Form can be located here.

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Income and Mortgage Funds

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Sandhurst Select Mortgage Fund

Change Details

30 January 2017

A new PDS was issued on 30 January 2017. There are currently no updates to this PDS.

The current PDS and Application Form can be located here.

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Sandhurst Investment Term Fund

(Previously known as Sandhurst Investment Common Fund)

Change Details

30 January 2017

A new PDS was issued on 30 January 2017. There are currently no updates to this PDS.

The current PDS and Application Form can be located here.

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Sandhurst Strategic Income Fund

Change Details

30 January 2017

A new PDS was issued on 30 January 2017. There are currently no updates to this PDS.

The current PDS, Reference Guide and Application Form can be located here.

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Bendigo Diversified Fixed Interest Fund

Change Details

1 November 2016

 

A new PDS was issued on 1 November 2016. There are currently no updates to this PDS.

The current PDS, Reference Guide and Application Form can be located here.

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Diversified Funds

Sandhurst Managed Funds

Change Details
30 January 2017

A new PDS was issued on 30 January 2017 for each of the following funds:

  • Sandhurst Conservative Fund
    (Previously known as Bendigo Conservative Fund)
  • Sandhurst Balanced Fund
    (Previously known as Bendigo Balanced Fund)
  • Sandhurst Growth Fund
    (Previously known as Bendigo Growth Fund)

There are currently no updates to these PDSs.

The current PDSs, Reference Guide and Application Form can be located here.

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Bendigo Managed Wholesale Funds (Active Funds)

Change Details

30 January 2017

A new PDS was issued on 30 January 2017 for each of the following funds:

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

There are currently no updates to these PDSs.

The current PDSs, Reference Guide and Application Form can be located here.

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Bendigo Managed Wholesale Funds (Index Funds)

Change Details

30 January 2017

A new PDS was issued on 30 January 2017 for each of the following funds:

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

There are currently no updates to these PDSs.

The current PDSs, Reference Guide and Application Form can be located here.

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Australian Share Funds

Sandhurst Australian Share Funds

Change Details

30 January 2017

A new PDS was issued on 30 January 2017 for each of the following funds:

  • Sandhurst Industrial Share Fund
  • Sandhurst Future Leaders Fund

There are currently no updates to these PDSs.

The current PDSs, Reference Guide and Application Form can be located here.


Sandhurst IML Industrial Share Fund

Change Details

30 January 2017

A new PDS was issued on 30 January 2017. There are currently no updates to this PDS.

The current PDS, Reference Guide and Application Form can be located here.

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Sandhurst Professional Series PDS

Change Details

25 January 2012

Updated taxation information

The taxation information provided below is for general information purposes only. We do not provide tax advice. As the Australian taxation system is complex and individual investors have different circumstances, we recommend that you seek professional taxation advice before investing in the Fund.

As part of the Federal Government’s continuing review of the taxation of managed investment trusts, a number of initiatives have been announced to commence from 1 July 2013. The proposed changes include:

  • an exclusive tax regime for managed investment trusts;
  • all managed investment trusts will be statutorily deemed to be fixed trusts, providing certainty for the availability of carry-forward losses, the flow-through of imputation benefits and tax-free capital gains for non-resident investors;
  • taxable income will be attributed to investors on a fair and reasonable basis by the trustee, replacing the current method of ‘present entitlement’; and
  • minor variances between the taxable income distributed and the Fund’s actual taxable income can be carried forward as an ‘under’ or ‘over’.

These proposed changes may affect taxation outcomes for your investment in the Sandhurst Professional Series (the Funds).

Definition of Managed Investment Trust and capital election

The Federal Government has introduced a capital election for certain eligible managed investment trusts. Generally, eligible trusts which have made the capital election treat gains and losses from shares, units in unit trusts, land and other eligible assets on capital account.

Sandhurst as responsible entity and trustee of the Funds has made valid capital elections in respect of its Funds. The Funds’ investments in eligible assets will be held and taxed on capital account. This may change the amount of tax that you pay.

As a result of making the capital election, losses from eligible assets are capital losses which can only be offset against capital gains of the Funds made in subsequent years.

The Federal Government has also introduced concessional withholding rates for payments made by eligible managed investment trusts to non-resident investors. The extent of the concession depends upon the location of the non-resident and the character of the payment.

Foreign Accumulation Fund (FAFs)

The Federal Government has repealed the foreign investment fund rules and has announced its intention to introduce Foreign Accumulation Fund (FAF) rules. A FAF is proposed to include a foreign entity that has debt interests that comprise at least 80% of all its assets by market value and it accumulates rather than distributes at least 80% of its annual profits.

Under the proposed FAF rules, a fund which holds investments indirectly in foreign entities may be required to include in the net taxable income distributed to investors the unrealised gains accumulating for any FAF interests. Sandhurst does not expect that any of the Funds would hold FAF interests and be subject to accumulation taxation under the FAF rules.

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International Share Funds