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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 implements an ethical investment policy by seeking to avoid investment in businesses that are, in its opinion, involved in activities that are harmful to people, animals or the environment.Further information regarding Hunter Hall’s Ethical Investment Policy can be found here.
There are 2 main screens used by fund managers to select ethical stocks:
- Negative Screen: Seeks to avoid investments that are considered by the managing entity to be making any unethical or irresponsible contribution.
- Positive Screen: 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.
We are 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.
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.
Hunter Hall believes that a value growth investment methodology tends to reduce risk through the 'margin of safety' implicit in buying at a discount to value. This means that the price of a security purchased for less than its intrinsic value is more likely to rise over time to match that value than it is to fall.
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
GPO Box 3955
Sydney NSW 2001
Cheques are to be made payable to:
For the Hunter Hall Value Growth Trust (VGT): 'Cogent Nominees Pty Limited ACF Value Growth Trust'.
For the Hunter Hall Global Ethical Trust (GET): 'Cogent Nominees Pty Limited ACF Global Ethical Trust'.
For the Hunter Hall Australian Value Trust (AVT): 'Cogent Nominees Pty Limited ACF Australian Value Trust'.
For the Hunter Hall Global Deep Green Trust (GDG): ‘Cogent Nominees Pty Limited ACF Hunter Hall Global Deep Green Trust
Minimum initial investment:
For the Hunter Hall Value Growth Trust (VGT): $10,000
For the Hunter Hall Global Ethical Trust (GET): $10,000
For the Hunter Hall Australian Value Trust (AVT): $10,000
For the Hunter Hall Global Deep Green Trust (GDG): $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$500.
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
GPO Box 3955
Sydney NSW 2001
Cheques are to be made payable to:
For the Hunter Hall Value Growth Trust (VGT): 'Cogent Nominees Pty Limited ACF Value Growth Trust'.
For the Hunter Hall Global Ethical Trust (GET): 'Cogent Nominees Pty Limited ACF Global Ethical Trust'.
For the Hunter Hall Australian Value Trust (AVT): 'Cogent Nominees Pty Limited ACF Australian Value Trust'.
For the Hunter Hall Global Deep Green Trust (GDG): ‘Cogent Nominees Pty Limited ACF Hunter Hall Global Deep Green Trust
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.
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 by completing the application form in the current Product Disclosure Statement,
•apply for a Regular Savings Plan and nominate a monthly investment amount of A$500 or more. To do this you must complete the Direct Debit Request application form in the current Product Disclosure Statement.
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.
No, but from this website you can download a copy of the current Product Disclosure Statement or request that a copy be mailed to you. The completed application form must be mailed to us.
Yes.
The Funds are offerrered 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.
Your net investment amount after deduction of Entry Fees divided by the Unit Entry Price applicable on the day that we receive your application, determines the number of units you receive. An acknowledgment letter is forwarded to you shortly thereafter.
New investors in the Funds have the benefit of a 14 day cooling-off period. This will entitle the investor to receive his or her application money back subject to any adverse market movements and after 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 fees charged by Hunter Hall.
The 14 day cooling-off period starts from the earlier of:
•the receipt of written notification from Hunter Hall confirming your investment in the Fund or
•the end of the 5th day after the issue of written notification from Hunter Hall confirming your investment in the Fund
If you decide that you do not wish to invest in the Fund please write to us within the 14 day cooling-off 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.
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.