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Hunter Hall Value Growth Trust
Overview
Established on 2 May 1994, the Hunter Hall Value Growth Trust (VGT) is principally invested in an ethically screened global portfolio of manufacturing, service and distribution businesses. The objective of the VGT is to increase the wealth of its investors by substantially outperforming the global stockmarkets, benchmarked by the MSCI World Total Return Index, Net Dividends Reinvested in Australian Dollars (MSCI), over the medium to long term without incurring significant risk to capital.
Key Information
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Inception Date
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2 May 1994
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Investment Objectives
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To increase the wealth of its investors by substantially outperforming the global stockmarkets, as benchmarked by the MSCI World Total Return Index, Net Dividends Reinvested in Australian Dollars (MSCI), over the long term without incurring significant risk to capital
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Territory
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Global (includes 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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$956 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.
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Management Fee
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1.60% per annum
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Management Fee Rebate2
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Nil
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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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Nil
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| MER4 to 30 June 2009 |
1.88% (including performance fee)
1.88% (excluding 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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Yes – Up to 100% of the foreign currency exposure may be hedged primarily through short to medium term forward contracts
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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.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 audited 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