Our Proxy Voting PolicySandhurst Trustees Limited aims to create wealth for investors by providing funds that are either directly or indirectly managed by specialised investment managers. Where we ‘directly’ outsource the investment management of equities, our proxy voting policy will be detailed in the investment management agreement with the selected investment manager. Our policy is to provide the authorisation and responsibility of proxy voting to the specialised investment manager that we appoint. The guiding principle on proxy voting that we pass on to our selected investment manager, is to make decisions that are in the best interest of our clients as shareholders. Voting must be done with a full understanding of the matter at hand and a full consideration of the implications of voting one way or another. Proxy voting for Australian listed companies for the year ended 30 June 2009.Relevant Funds: Sandhurst Industrial Share Fund.
Consistent with any other investor, where we invest units in other managed funds (as opposed to investing ‘directly’ in companies themselves) we have no voting rights attached to the underlying companies of that managed fund. Note: Superannuation entities of which Sandhurst Trustees Limited is the Trustee, including The Bendigo Superannuation Plan, are not are not covered under this policy.
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*The rate displayed is applicable as at 10/03/2010. The rate of return payable on Investments in the Fund will generally move in line with market conditions and money market rates, however there is no guarantee of the actual rate of return payable to investors. |