Significant Features

Fund name

Third Link Growth Fund

Legal structure

The Fund is an unlisted unit trust, known as a managed investment scheme, which is registered with Australian Securities and Investments Commission (ASIC) under the Corporations Act 2001.

Commencement date

The Fund was created on 12 March 2008 and commenced accepting applications from 10 April 2008.

Investment manager

Third Link Investment Managers Pty Limited

Responsible entity/issuer

Treasury Group Investment Services Limited

Custodian and investment administrator

RBC Dexia Investor Services Trust

Investment objective

The objective of the Third Link Growth Fund is to provide a diversified growth-oriented investment with a bias at most times to Australian listed shares. We aim to outperform the returns of the Morningstar Multi-Sector Growth Market Index after fees over rolling 5 year periods. In order to achieve this objective, we have considerable flexibility in the type of investments the Fund may hold.

The Fund will extensively invest in other managed investment funds run by professional third party investment managers.

Applications to invest

The minimum amount that can be invested is $20,000. This applies to initial applications and each subsequent application. Each application received is priced using the unit price struck at the end of the month during which the application was received.

It is intended to stop accepting new applications to the Fund once $150 million has been received other than additional applications from existing investors. We have the discretion to accept further applications at future points in time.

Valuation of units

Units in the Fund are valued at the close of the last business day of each month. Such valuations will include an allowance of 0.25 per cent for transaction costs. Please click here for information on unit prices.

Withdrawals

Providing we receive a minimum of 10 clear business days advance notice, withdrawal requests will be processed using the unit price struck at the end of the month in which the request is received. Otherwise the request will be processed using the unit price struck at the end of the following month. The minimum amount that can be withdrawn is $20,000, or the balance of your account if it is less than $20,000.

Income distributions

Generally paid every six months, after the end of December and June. Distributions can be reinvested as additional units or paid to your bank account.

Fees and expenses

There are no entry fees or exit fees payable by investors. The ongoing fees and expenses paid from the Fund are:

an ongoing management fee of 1.4 per cent
per annum of the gross asset value of the
Fund,from which normal operating expenses
are met; and

abnormal operating expenses.

All fees received by Third Link Investment Managers Pty Limited from managing the Fund’s investments, net of expenses incurred, are donated to Social Ventures Australia Limited, an Australian based non-profit organisation.

Commissions paid to financial intermediaries

Nil