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Hunter Hall Australian Value Trust
Overview
Established on 29 November 2001, the Hunter Hall Australian Value Trust (AVT) is principally invested in an ethically screened domestic portfolio of manufacturing, service and distribution businesses.
The objective of the AVT is to substantially outperform the Australian stockmarket, benchmarked by the Australian All Ordinaries Accumulation Index (All Ords), over the medium to long term without incurring significant risk to capital.
Key Information
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Inception Date
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29 November 2001
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Investment Objectives
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To increase the wealth of its investors by substantially outperform the Australian stockmarket, benchmarked by the Australian All Ordinaries Accumulation Index (All Ords), over the medium to long term without incurring significant risk to capital
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Territory
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Domestic (Australia and New Zealand)
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Ethical Policy
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Negative screen
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Recommended Investment Time Frame
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3-5 years +
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Fund Size as at 30 June 2009
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$68 million
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Minimum Initial Investment
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$10,000
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30 June and 31 December
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Entry Fee
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4% of which all may be rebated.
Nil for Class B unitholders
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Management Fee
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1.80% per annum
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Management Fee Rebate2
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0.35% per annum
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Performance Fee
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15% of any return greater than the All Ords, payable half yearly
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Advisor Remuneration3
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0.35% per annum
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| MER4 to 30 June 2009 |
2.17%(incl. perfomance fee)
2.17% (ex. performance fee)
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Regular Savings Plan
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Yes - minimum $500 per month
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Hedging Policy
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No
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1.Distributions are only payable when there is net income to distribute.
2.For Class B unitholders: The Management Fee Rebate can be accessed by wholesale investors, or by investors who access the Funds via IDPS platforms such as Master Trusts or Wraps.
3.Advisor Remuneration is a fee paid by Hunter Hall to licensed advisors from the Management Fees it earns from the GET and the AVT. It is not an additional fee for investors.
4.The Management Expense Ratio (MER) is a measurement of costs incurred by an investor who invests in an unlisted Managed Investment Scheme that would not be incurred by an investor who invests directly in the same assets as heldby the Scheme. The MERs shown are based on unaudited financial statements.The Indirect Cost Ratio (ICR) measures the costs of managing the Funds’ investments that are not deducted directly from an investors account, including investment-related legal costs,management and performance fees paid to the investment manager, custody fees and the net effect of any GST.For the Hunter Hall Funds the ICR equates to the Total MER.