Managed Funds - Global Equities Trust - Hedged

Overview

Established on 28 February 2011, the Hunter Hall Global Equities Trust - Hedged (GEH) is principally invested in an ethically screened global portfolio of manufacturing, service and distribution businesses. The objective of the GEH is to increase the wealth of its investors by substantially outperforming global stockmarkets, benchmarked by the MSCI World Total Return Index, Net Dividends Reinvested, Hedged into Australian Dollars (MSCI World Hedged), over the medium to long term without incurring significant risk to capital.

Key Information

Inception Date
28 February 2011
Investment Objectives
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, Hedged into Australian Dollars (MSCI World Hedged), over the long term without incurring significant risk to capital
Territory
International (excludes Australia and New Zealand) 
Ethical Policy
Negative screen
Recommended Investment Time Frame
5 years+
Minimum Initial Investment
$5,000
Distributions 1
30 June and 31 December
Entry Fee
4% of which all may be rebated
Nil for Class B unitholders
Management Fee 
1.80% per annum
Management Fee Rebate 2
0.35% per annum
Performance Fee
GEH assets are almost entirely invested in the GET, and this investment is, in turn, subject to a performance fee of 15% of any return greater than the MSCI World, payable half yearly
Advisor Remuneration 3
0.35% per annum
MER 4 to 31.12.2012 (annualised)
2.28% (including performance fee)
2.28% (excluding performance fee)
Regular Savings Plan
Yes - minimum $200 per month
Hedging Policy
Yes – approximately 100% of the foreign currency exposure is hedged back into Australian Dollars, primarily through short to medium term forward contracts

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, GEH and 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 held by 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.

Financial Year End Returns
Global Equities Trust - Hedged (% per annum)
GEH
MSCI World
Year to June 2013
12.9
24.6
Year to June 2012
1.0
4.4
4 Months to June 2011
-1.2
-0.5
MSCI World refers to the MSCI World Total Return Index, Net Dividend Reinvested, in A$. Investment returns have been calculated in accordance with normal industry practice utilising movements in unit price and assuming reinvestment of all distribution of income and realised profits. Past performance is no guarantee of future performance and no guarantee of future return is implied. Source: Hunter Hall.
Top Ten Holdings
The Global Equities Trust – Hedged (GEH) is invested almost entirely in Global Equities Trust (GET) units, with the balance of its assets held in cash.

Click here to view the Top 10 stocks held in the GET portfolio.
Distributions

The net income of the Fund is distributed to unitholders as soon as practicable after each 30 June and 31 December.

Income distributions can be reinvested in additional units, deposited directly to a nominated bank account or mailed by cheque.

The GEH's unit price has gone from $1.00, at inception on 28 February 2011, to $0.9046 at 31 December 2012. Of the four six-month periods over the life of the Fund, the GEH has made a distribution on three occasions.

Click here for the latest Distribution Report.

Distribution History

Year ended
Cash per Unit
Australian
Franking Credits
(per unit)
Foreign
Tax Credits
(per unit)
Reinvestment
Price
30/06/2014
0.0000
0.0000
0.0000
0.00
31/12/2013
0.0000
0.0000
0.0000
0.00
30/06/2013
0.0000
0.0000
0.0000
0.00
31/12/2012
1.3905
0.0000
0.0000
90.46
30/06/2012
0.4336
0.0000
0.0000
85.23
31/12/2011
0.0000
0.0000
0.0000
0.00
30/06/2011
2.7317
0.0000
0.0000
96.06
Ratings

Morning Star Logo
Morningstar

Rating: Neutral
Lonsec Logo
Lonsec

Rating: Recommended
Lonsec Logo
Zenith

Approved
Click here to view the disclaimers regarding ratings
Awards
AFR Smart Investor Blue Ribbon Awards 2010
Ethical/SRI Manager
(awarded to Hunter Hall)
Money Management Lonsec Fund Manager of the Year Awards
May 2011
AFR Smart Investor Blue Ribbon Awards 2010
Best International Small Cap Shares
(awarded to Hunter Hall)
AFR Smart Investor Blue Ribbon Awards 2010
August 2010