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Frequently Asked Questions
You will receive written acknowledgement of your investment in the Fund, and also receive:
•an investment confirmation statement upon initial application,
•a Distribution Statement following each distribution period,
•a Tax Statement to assist in preparing your income tax return,
•a copy of the audited annual accounts of the Fund in which you invested,
•an annual Report to Investors,
•an invitation to attend the Annual Investors and Advisors Meeting.
•the Monthly Performance Report via email or post upon request.
Participants in the Regular Savings Plan (RSP) receive a copy of the new Product Disclosure Statement (PDS) upon the expiry of a current PDS and a copy of any supplementary PDS that may be issued.
Correspondence from Hunter Hall will usually include an investor code number. It is helpful for you to quote this number in any communications with us.
Unit prices are updated on the website each business day. Performance data, competitive rankings, funds under management and asset allocations are updated monthly, and are published in our monthly performance report, which includes a discussion by the Portfolio Managers.The monthly performance reports can be downloaded from this website and are also available on request. The top ten holdings of the Funds are updated quarterly.
Hunter Hall is not authorised to give investment advice however, it is Hunter Hall’s view that any investment in the Funds should be considered a long-term investment of at least 3-5 years.
Hunter Hall is committed to the concept of responsible investing and seeks to avoid investing in businesses that are, in its opinion, involved in activities that are harmful to people, animals or the environment.
The VGT, GET and AVT utilise a negative screen. This screening process seeks to avoid investment in companies that derive operating revenues from direct and material business involvement in the manufacture or sale of weapons and weapons components, tobacco manufacture, gambling outlets or systems, intensive animal farming, animal testing for cosmetics, activities that give rise to human rights violations, unremediated destruction of the environment, and uranium mining and nuclear reactors.
The GDG implements a positive ethical investment policy by only investing in companies that are deemed to contribute positively to environmental, humanitarian, social or sustainability issues. The GDG also complies with Hunter Hall's negative screen.
Further information regarding Hunter Hall’s Ethical Investment Policy can be found here.
There are two main screens used by fund managers to select ethical stocks:
- a 'negative screen' which seeks to avoid investments that are considered by the managing entity to be making an unethical or irresponsible contribution.
- a 'positive screen' which identifies investments which possess certain criteria determined by the manager as making an identifiable positive ('ethical') contribution.
For further information, please refer to our Ethical Investment Policy.
The Hunter Hall investment team continually monitors all investments in the Funds. In the event that the activities of an investee company change, or if additional information becomes available such that the investment is considered to breach the Ethical Investment Policy, the investment is disposed of as soon as practicable. When disposing of an asset under such circumstances Hunter Hall endeavours to dispose of the asset for the best price it reasonably can, taking into account liquidity and other market forces. It is possible therefore that disposal of such an investment could extend over a period of time.
Investors should be aware that our ethical policy does not restrict investment in businesses engaged in mining, the manufacture or sale of alcohol, or which use animal by-products.
Hunter Hall is of the view that mining does not necessarily cause permanent damage to the environment provided that due attention is paid to site remediation, control of contamination, worker safety and the welfare of any nearby population.
Although we acknowledge the sensitivity of some investors with regards to the use of alcohol or animal by-products, Hunter Hall believes that the decision to invest in these activities to be a personal investor preference, rather than a stated preference of the Funds.
Labour standards are not taken into account in the selection, retention or realisation of investments.
Hunter Hall does not believe that its Ethical Investment Policy detracts from performance as the investment universe is so large that it offers many opportunities. Our experience since the inception of the Funds confirms this opinion.
The performance of a Managed Investment Scheme depends on the performance of its investments. The investments in the Hunter Hall Funds largely comprise exchange-traded shares and related securities, the ownership of which carries an inherent risk element. Unit values reflect the market value of the assets of a Fund and consequently may rise or fall in line with market variations.
The Funds own foreign investments which give rise to an exposure to movements in currency exchange rates. Other risks can be broadly divided into macro-economic risks, company-specific risks and portfolio risks.
For further details, please refer to page 49 of the current Product Disclosure Statement.
Warning: Do not invest in the Funds if:
- You expect to achieve index-or-better returns at all times.
It is a certainty that the Funds will underperform their benchmarks for periods of time. The Funds invest in non-index-related portfolios and therefore their returns will differ from benchmark indicies. Investors seeking index-related returns should consider index funds which are designed to replicate the performance of indicies.
- You expect to make substantial short term gains.
The Funds invest in portfolios of shares designed to deliver investment performance over the medium to long term.
- You cannot tolerate substantial fluctuations, including negative fluctuations, in the value of your investment.
Equity markets are volatile and substantial fluctuations can, and will, occur in the value of your investment in the Funds.
Initial applications for units in the Hunter Hall Value Growth Trust (VGT),Hunter Hall Global Ethical Trust (GET), Hunter Hall Australian Value Trust (AVT) and Hunter Hall Global Deep Green Trust (GDG) must be made on the application form found in the current Product Disclosure Statement (PDS). Click here to download or order a PDS.
Your completed application form and cheque should be forwarded to:
Hunter Hall Investment Management Limited
Reply Paid 3955
Sydney NSW 2001
Cheques are to be made payable to:
Cogent Nominees Pty Ltd ACF Hunter Hall Investment Trusts Application Account.
This may be shortened to:
Cogent Noms ACF HH App A/c
Minimum initial investment for each Fund is $5,000
Regular Savings Plan:
To participate in the Regular Savings Plan, the minimum initial investment must have been made, with subsequent minimum monthly instalments of A$200.
Additional investments can be made by one of two methods.
Submit your cheque, together with a completed Additional Investment Form:
Your completed application form and cheque should be forwarded to:
Hunter Hall Investment Management Limited
Reply Paid 3955
Sydney NSW 2001
Cheques are to be made payable to:
Cogent Nominees Pty Ltd ACF Hunter Hall Investment Trusts Application Account.
This may be shortened to:
Cogent Noms ACF HH App A/c
Direct credit to our bank account:
Account Name: Cogent Nominees ACF Hunter Hall Investment Trusts Applications Account
BSB: 032-002
Account Number: 436891
Please note that all direct credits to our bank accounts must be accompanied by an Additional Investment Form which can be mailed, scanned and emailed or faxed. Please see the form for details.
Please ensure that if you make a direct credit you advise us by emailing invest@hunterhall.com.au and include the information we require, which is detailed on the Additional Investment Form.
The Regular Savings Plan is an ideal way to save and accumulate long-term wealth. It also allows you to benefit from averaging the cost of your units through periods of fluctuating market prices.
To start a Regular Savings Plan you will need to:
- make your initial investment (minimum investment of $5,000) by completing the application form in the current Product Disclosure Statement (PDS),
- apply for a Regular Savings Plan and nominate a monthly investment amount of $200 or more. To do this you must complete the Direct Debit Request application form in the current PDS.
We will debit your Australian bank, building society or credit union account around the 15th of each month. Your first payment will be in the month immediately following the month in which we receive your completed application form.
Please note that the conditions regarding the Regular Savings Plan are detailed in section 11 on page 47 of the current Product Disclosure Statement.
No, but from this website you can download a copy of the current Product Disclosure Statement (PDS) or request that a copy be mailed to you. The completed application form must be mailed to us.
Yes.
The Funds are offered by a number of discount brokers including:
20/20 DIRECTINVEST
1800 352 021
www.2020directinvest.com.au
Andrew West
1300 136 323
www.andrewwest.com.au
Commsec Direct Funds
13 15 19
www.commsec.com.au
Direct Access
1800 047 745
www.tradingroom.com.au/directaccess
ETRADE Australia
1300 658 355
www.etrade.com.au
HSBC Invest Direct
1300 308 938
www.hsbc.com.au
InvestSMART
1300 880 160
www.investsmart.com.au
Investment Warehouse
02 6583 7588
Toll-free facsimile: 1800 100 666
www.investmentwarehouse.com.au
Statton Securities
02 9232 7655
New Zealand investors may also contact:
Direct Broking Limited
0800 805 777
www.directbroking.co.nz
MoneyOnline
0800 373 800
www.moneyonline.co.nz
Yes. The Funds can be accessed through a variety of Margin Lenders.
Yes. The Funds are on various Platform offerings.
Click here for a complete listing.
The number of units issued to an investor is dependent on the Entry Price of the Fund for that particular day.
Units are allotted on the business day that Hunter Hall receives a completed Application Form, provided that the form is received by 3pm on a business day. Valid applications received by Hunter Hall after 3pm Sydney time on a business day are deemed to have been received on the next business day. Units will be issued at the Entry Price applicable for that day.
Hunter Hall has the discretion to refuse an application.
Upon receiving and accepting an application for units, Hunter Hall will issue an investment confirmation statement setting out the number of units issued.
The allocation of additional units by way of the automatic reinvestment of income is free of transaction costs and no Entry Fee is payable.
Unitholders investing in the Hunter Hall Funds from outside Australian may experience a delay in the processing of applications due to international funds clearance.
Hunter Hall may issue fractions of units.
New investors in the Funds have the benefit of a 14 day cooling-off period starting from the earlier of:
- the receipt of written notification from Hunter Hall confirming your investment, or
- the end of the 5th day after the issue of written notification from Hunter Hall confirming your investment.
If you cancel your investment during the cooling-off period, you must do so by writing to Hunter Hall within the 14 day period advising that you wish to cancel your investment.
The cooling-off period only applies to initial investments and does not apply to any additional investments.
If an investor reconsiders their decision to invest in one of the Funds within the 14 day period and notifies Hunter Hall before the expiry of the 14 days, the investor is entitled to receive their money back, subject to no adverse market movements in the intervening period and after the deduction of Hunter Hall's reasonable expenses. If you cancel your investment during the cooling-off period we will return to you the sum of:
- the full value on the cancellation date of the units in the Funds, and
- any Entry Fee charged by Hunter Hall, less Hunter Hall's reasonable expenses.
You can make a redemption of all or part of an investment by sending us your instructions by 3pm (AEST) on a Business Day. If your request is received by 3pm it will be processed using the redemption price at the close of business that day. If it is received after 3pm it will be processed using the redemption price at the close of business on the following business day.
There are two available redemption methods:
In writing:
Please include your unitholder code and signature with your written redemption instructions or complete and return a Redemption Request Form. Redemption monies can be paid into a bank account in the unitholder’s name or by cheque made payable to the unitholder which can only be sent to the listed unitholder's address.
By telephone:
Please be advised that for security purposes you will be required to identify account particulars. Redemption monies can be paid to a previously nominated bank account or by cheque made payable to the unitholder and sent to the unitholder's address.
Please note that for security reasons we are unable to accept redemption by fax or email and that redemptions cannot be made to third parties.
The minimum redemption is $1,000 unless an investor’s total investment in each Fund has a redemption value of a lesser amount.
It is Hunter Hall’s policy that redemption monies will be available within 7 days. Please note that unitholders who reside outside Australia may experience delays in the clearance of funds for the payment of redemptions. Furthermore, during distribution periods, post 30 June and 31 December, redemption monies may be delayed by approximately 15 days. This is due to the delays that may occur in obtaining post distribution prices for the processing of redemption requests.
Units in the Funds are not listed on a stock exchange. However, units may be transferred as follows:
•the existing unitholder and the transferee must complete a Standard Transfer Form (available from Hunter Hall),
•the transfer form must be assessed for stamp duty by the NSW Office of State Revenue, and
•the completed and stamped transfer form must be forwarded to Hunter Hall, together with a current application form completed by the new investor.
Transferring units may have taxation implications and we recommend you consult your financial or taxation advisor before you arrange any transfer of units.
In the interests of client safety, change of address details cannot be accepted via telephone or email. If you wish to change your address or contact details, please print and return our Change of Address Form and send it to us on the address listed on the form.
The unit price for a day is calculated by dividing the Net Value of the Fund by the number of units on issue as at the close of business on the preceding day.
Entry price = unit price + notional transaction cost per unit of acquiring Authorised Investments (ie brokerage and stamp duty, this equates to 0.3%).
Exit price = unit price - notional transaction cost per unit of acquiring Authorised Investments (ie brokerage and stamp duty, this equates to 0.3%).
Daily by 3pm.
Please note that during distribution periods post 30 June and 31 December, pricing updates to the website are delayed. We generally resume pricing approximately 15 days after 30 June and 31 December.
Entry fee
Hunter Hall is entitled to an Entry Fee of 5% of the value of the initial investment and any subsequent investments. Up to 4% of this Entry Fee is generally paid to a licensed broker or financial planner, who may rebate part or all of this fee to the investor in the form of additional units.
Hunter Hall has elected to forgo its entitlement to the remaining 1% until advised otherwise.
Investors who apply for units directly to Hunter Hall will also be charged a 4% Entry Fee however, Hunter Hall reserves the right to rebate up to 100% of the fee.
No Entry Fee is payable on on additional units issued as a result of the automatic reinvestment of income distributions.
For further information on fees and expenses, please refer to the Managed Funds area of this website or the current Product Disclosure Statements.
The MER is a measurement of the 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 held by the Scheme. It does not include the costs an investor would incur by investing directly, such as brokerage, stamp duty and bank charges. The MER for each Fund is calculated by dividing the total on-going fees (ie: Hunter Hall’s fees) and recovered and direct expenses of the Fund by its average daily net asset value.
The MERs of each Fund can be found in the Managed Funds area of this website.
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.
Under existing legislation a Managed Investment Scheme generally does not pay Australian income tax provided that it distributes its net income. Hunter Hall intends to distribute the net income of the Hunter Hall Funds.
It is envisaged that distributions during the current and future financial years may include capital gains derived by the Funds. As the taxation of capital gains may differ between investors, unitholders should obtain their own professional advice.
Unitholders who provide an address outside of Australia will be treated as non-residents of Australia for tax purposes unless we are notified otherwise. Where unitholders are non-residents of Australia their distributions will be subject to the relevant withholding tax provisions of the Australian income tax legislation.
If you are not exempt from providing a TFN, the Manager is required by law to deduct tax from your income at the highest marginal rate plus Medicare Levy.
Investing in the Fund may change your entitlement to social security benefits. If you require specific advice, please contact Centrelink (the Veterans' Affairs Office) or your professional advisor.
The net income of the Fund is distributed to unitholders as soon as practicable after each 30 June and 31 December when there is net income to distribute.
Income distributions can be automatically reinvested in additional units, deposited into a bank account nominated by a unitholder, or paid by cheque.
The distributions of the Fund are the product of its net income. The income of the Fund may include dividends, interest and realised gains from the sale of investments. Expenses and fees are deducted to calculate net income.
The links to the distribution tables below provide details of distribution amounts only. No guarantee of future distributions is implied.
Click here for: VGT distribution details, GET distribution details and AVT distribution details.