Third Link Growth Fund will close to further applications from the end of September 2021.
The time is now right to close the Fund for two critical reasons.
Firstly, the Fund’s balance is close to our target of $200m ($197.48m at 30 June 2021). Secondly, ASIC’s strict Design and Distribution Obligation (DDO) regulations are due to come into effect on 5 October 2021. They will add a costly layer of compliance protocols to the management of the Fund. While we broadly welcome regulation that makes investing easier and more transparent for consumers, Third Link Growth Fund is designed to run as leanly as possible to maximise donations to charity. The DDO compliance burden will increase our costs and decrease the amount we can donate to charity.
What will happen until the end of September 2021
Until the end of September 2021, Third Link Growth Fund will accept applications from new investors and additional amounts from existing investors. The Fund will close to new inflows on 1 October 2021 but continue to operate. The six-monthly distributions can continue to be reinvested in additional units for those investors who choose this option.
What this means
- If you are an existing Third Link Growth Fund investor and are happy to remain in the Fund, you do not need to do anything.
- If you are an existing Third Link Growth Fund investor and would like to top-up your current balance before 1 October, complete the Additional Applications for Existing Investors form and ensure your paperwork is submitted and monies are remitted before 3.00 pm AEST on 30 September 2021, but ideally before COB on Monday 27 September 2021.
- If you are a new investor and would like to invest with Third Link; please visit the Application Instructions for New Investors section of our site, where you can find a copy of the PDS and application form. You can also email email@example.com if you have any questions.
What will happen after 30 September 2021
The Fund will continue to operate as normal. Our objective to provide an investment in Australian listed shares, with the aim of outperforming the S&P/ASX 300 Accumulation Index over rolling five year periods, remains unchanged. We aim to continue to achieve excellent performance.
If you have any questions, please do not hesitate to contact us at firstname.lastname@example.org.