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Fund annual reports

03 October 2022

The Annual Financial Reports for Bennelong's funds are now available online via the links below.

4D Emerging Markets Infrastructure Fund
4D Global Infrastructure Fund (Unhedged)

Bennelong Australian Equities Fund
Bennelong Concentrated Australian Equities Fund
Bennelong ex-20 Australian Equities Fund
Bennelong Twenty20 Australian Equities Fund
Bennelong Emerging Companies Fund

Bennelong Kardinia Absolute Return Fund
Quay Global Real Estate Fund (AUD Hedged)
Quay Global Real Estate Fund (Unhedged)
Skerryvore Global Emerging Markets All-Cap Equity Fund
Touchstone Index Unaware Fund
 


 

New Skerryvore and Kardinia PDSs, AIBs and forms

30 September 2022

Effective immediately we have issued a new Product Disclosure Statement, Additional Information Booklet and New Zealand Investor Sheet for the Skerryvore Global Emerging Markets All-Cap Equity Fund and the Bennelong Kardinia Absolute Return Fund.

Key changes are:

  • Update to the ‘Fees and costs’ section to satisfy new ASIC RG97 disclosure requirements
  • Admission of the Skerryvore Global Emerging Markets All-Cap Equity Fund to ASX mFund services
     

PDSs, AIBs and investor forms for both funds can be found at the links below.

Skerryvore Global Emerging Markets All-Cap Equity Fund

Bennelong Kardinia Absolute Return Fund

To ensure all forms are processed promptly, please use the latest versions. For the Skerryvore Global Emerging Markets All-Cap Equity Fund, forms dated 1 August 2022 are still valid. For the Bennelong Kardinia Absolute Return Fund, applications made using old forms will not be processed after 31 October 2022.

 


 

New 4D Infrastructure PDS, AIB and investor forms

1 August 2022

Effective immediately we have issued a new Product Disclosure Statement, Additional Information Booklet and investor forms for the 4D Global Infrastructure Fund (Unhedged). This is to reflect the fund’s recent name change, which is to differentiate it from the 4D Global Infrastructure Fund (AUD Hedged), which was launched today.

PDSs, AIBs and investor forms for both funds can be found at the links below.

4D Global Infrastructure Fund (Unhedged)
4D Global Infrastructure Fund (AUD Hedged)

To ensure all forms are processed promptly, please use the latest versions. Applications made using the old forms will not be processed after 31 August 2022.

 


 

Name change for 4D Global Infrastructure Fund (ARSN 610 092 503)

28 April 2022

Effective immediately, the 4D Global Infrastructure Fund’s name has been changed to ‘4D Global Infrastructure Fund (Unhedged)’. Its investment team, objectives and processes remain unchanged.

The name change is in preparation for the launch of a hedged fund that will be made available to investors later this year. Further details will be provided when available.

The name change will not be reflected on any materials (including the fund’s Product Disclosure Statement) until the hedged fund is launched. In the interim, the existing PDS and forms dated 1 February 2022 can be used.
 



Half-year financial reports

29 March 2022

Half-year financial reports for the following Bennelong funds are now available online via the links below.

4D Global Infrastructure Fund
Bennelong Australian Equities Fund
Bennelong Concentrated Australian Equities Fund
Bennelong ex-20 Australian Equities Fund
Bennelong Twenty20 Australian Equities Fund
Bennelong Emerging Companies Fund

Quay Global Real Estate Fund (Unhedged) 
 



New PDS, AIB and investor forms

1 February 2022

Effective immediately we have issued new Product Disclosure Statements, Additional Information Booklets and investor forms for the funds listed below.

4D Emerging Markets Infrastructure Fund
4D Global Infrastructure Fund
Bennelong Australian Equities Fund
Bennelong Concentrated Australian Equities Fund
Bennelong Emerging Companies Fund
Bennelong ex-20 Australian Equities Fund
Bennelong Twenty20 Australian Equities Fund
Quay Global Real Estate Fund (AUD Hedged)
Quay Global Real Estate Fund (Unhedged)
Touchstone Index Unaware Fund

Key changes are as follows:

  • Update to the Fees and Costs section to satisfy new ASIC RG97 disclosure requirements
  • The Quay Global Real Estate Fund’s name has been changed to Quay Global Real Estate Fund (Unhedged); its investment team, objectives and processes remain unchanged. This is to differentiate the fund from the Quay Global Real Estate Fund (AUD Hedged), which is now available
  • Reduction of buy/sell spreads for the 4D Emerging Markets Infrastructure Fund, 4D Global Infrastructure Fund, Bennelong Australian Equities Fund, Bennelong Concentrated Australian Equities Fund, Bennelong ex-20 Australian Equities Fund, Bennelong Twenty20 Australian Equities Fund, Quay Global Real Estate Fund (Unhedged) and Touchstone Index Unaware Fund
  • Reduction of expenses cap for the Bennelong Concentrated Australian Equities Fund (from 0.05% p.a. to 0.04% p.a.) and Bennelong Australian Equities Fund (from 0.05% p.a. to 0.03% p.a.)
  • Change to the frequency of performance fees payments (from quarterly to monthly) for Bennelong Concentrated Australian Equities Fund and Bennelong ex-20 Australian Equities Fund. This is to match the timing of tax obligations to the ATO – the total amount of performance fees is not changing
  • Change to expected tracking error ranges for Bennelong Twenty20 Australian Equities Fund from above 2% to above 3% and for Bennelong Australian Equities Fund from 2-5% to above 5%. This is based on a thorough analysis of since inception ex post (actual) tracking error
  • Minor amendment to the Investment Objective wording of the 4D Global Infrastructure Fund and the 4D Emerging Markets Infrastructure Fund:
    • From: “The Fund’s objective is to identify quality listed global infrastructure securities, trading at or below fair value with sustainable, growing earnings combined with sustainable, growing dividends.”
    • To: “The Fund’s objective is to identify quality listed global infrastructure securities, trading below fair value with sustainable, growing earnings combined with sustainable, growing dividends.”


To ensure all forms are processed promptly, please use the latest versions. Applications made using the old forms will not be processed after 28 February 2022.


Name change for Quay Global Real Estate Fund (ARSN 610 224 381)

21 December 2021

Effective as of 21 December 2021, the Quay Global Real Estate Fund’s name has been changed to ‘Quay Global Real Estate Fund (Unhedged)’; its investment team, objectives and processes remain unchanged.

A new PDS reflecting the name change is due to be released in February 2022. In the interim, the existing PDS and application forms dated 1 December 2020 can be used.

The name change is in preparation for a hedged fund that will be made available to investors in the first quarter of 2022. Further details will be provided when available.


Unit pricing correction

17 December 2021

A recent unit pricing error was identified. Investors are not required to take any action and will have received personalised notifications about the resolution.

Which Fund was impacted?
The error was in relation to the Quay Global Real Estate Fund. Bennelong Funds Management Ltd acts as responsible entity for the Fund.

What happened?
The error occurred in the calculation of the performance fee accrual in the unit price, which saw some investors receiving fewer units or lower redemption proceeds than they were entitled to.

How has it been resolved?
To correct the error, existing investors have been credited units in their holdings, and impacted past investors have received payments into their nominated bank accounts. The crediting occurred 15 December 2021 based on the unit price values calculated the previous day.

We apologise for any inconvenience this has caused.


Fund annual reports

07 October 2021

The Annual Financial Reports for Bennelong's funds are now available online via the links below.

4D Global Infrastructure Fund
4D Emerging Markets Infrastructure Fund

Bennelong Australian Equities Fund
Bennelong Concentrated Australian Equities Fund
Bennelong ex-20 Australian Equities Fund
Bennelong Twenty20 Australian Equities Fund
Bennelong Emerging Companies Fund

Bennelong Kardinia Absolute Return Fund
Quay Global Real Estate Fund
Skerryvore Global Emerging Markets All-Cap Equity Fund
Touchstone Index Unaware Fund


New PDS available

2 August 2021

A new Product Disclosure Statement and Additional Information Booklet have been issued for the Skerryvore Global Emerging Markets All-Cap Equity Fund (‘Fund’). The Fund is a new offering that aims to invest responsibly in emerging markets.

An application form as well as other investor forms are also available on our Forms and documents webpage.
 


New PDS available

1 April 2021

A new Product Disclosure Statement is available for the Bennelong Kardinia Absolute Return Fund (effective immediately).

For further information about the Fund’s offer documents, please contact the Client Experience team.
 



New PDS, AIB and investor forms

01 December 2020

Effective immediately we have issued new Product Disclosure Statements, Additional Information Booklets and investor forms for the funds listed below.

As of 1 December we have changed our registry provider from RBC Investor Services Trust to Citigroup Pty Limited, which has resulted in amendments to payment and transactional details (for more information on this change, click here). We have also updated fee estimates where applicable as required by ASIC RG97 guidelines.

4D Emerging Markets Infrastructure Fund
4D Global Infrastructure Fund
Bennelong Australian Equities Fund
Bennelong Concentrated Australian Equities Fund
Bennelong Emerging Companies Fund
Bennelong ex-20 Australian Equities Fund
Bennelong Twenty20 Australian Equities Fund
Quay Global Real Estate Fund
Touchstone Index Unaware Fund

Applications made using the old forms will not be accepted after 21 December 2020.



New PDS available

22 October 2020

A new Product Disclosure Statement is available for the Bennelong Market Neutral Fund (effective immediately).

For further information about the Fund’s offer documents, please contact the Client Experience team.
 


 

Fund annual reports

01 October 2020

The Annual Financial Reports for Bennelong's funds are now available online via the links below.

4D Global Infrastructure Fund
4D Emerging Markets Infrastructure Fund

Bennelong Australian Equities Fund
Bennelong Concentrated Australian Equities Fund

Bennelong ex-20 Australian Equities Fund
Bennelong Twenty20 Australian Equities Fund
Bennelong Emerging Companies Fund

Bennelong Kardinia Absolute Return Fund
Quay Global Real Estate Fund
Touchstone Index Unaware Fund



Result of Wheelhouse Meeting of Members held on 5 August 2020

5 August 2020

At 10am today, a meeting of members of the Wheelhouse Global Equity Income Fund (ARSN 621 200 119) (Fund) was virtually held via Zoom to consider the following extraordinary resolution which was proposed in the notice of meeting dated 14 July 2020 (Notice of Meeting):

“That The Trust Company (RE Services) Limited (Perpetual) be appointed as the responsible entity of The Wheelhouse Global Equity Income Fund (ARSN 621 200 119) upon the retirement of Bennelong Funds Management Ltd as the responsible entity.”

(Resolution)

Resolution Passed

We wish to inform members that the Resolution has been PASSED by the required majority (at least 50% of all votes able to be cast by members entitled to vote on the Resolution).

Next steps

As the Resolution has passed:

(a) within 2 business days of the Resolution being passed, Bennelong Funds Management Ltd will notify the ASIC of the change in responsible entity and request ASIC to update its records (the change of responsible entity is effective when the ASIC alters its records);

(b) a new administrator and custodian to the Fund, Mainstream Fund Services Pty Ltd, will be appointed and RBC will cease to provide these services;

(c) on or as soon as practicable after the effective date of the change in responsible entity a new product disclosure statement for the Fund reflecting the change in responsible entity and administrator will be issued by Perpetual;

(d) Perpetual will appoint a new compliance committee to oversee the Fund’s compliance with its compliance plan; and

(e) Perpetual will execute a Supplemental Deed to reflect the change in responsible entity and lodge the executed Supplemental Deed with ASIC.

 


 

Product Update and Continuous Disclosure Notice - Bennelong Kardinia Absolute Return Fund

4 June 2020

Following a change of roles within the Investment Team, a Supplementary PDS has been issued for the Bennelong Kardinia Absolute Return Fund. If you are an existing investor in the Fund, this update will not result in any change to your unitholding. If you are considering an investment in the Fund, please ensure you read the latest PDS.
 


 

Product Update and Continuous Disclosure Notice - Bennelong ex-20 Australian Equities Fund

12 May 2020 

The Product Disclosure Statement (PDS) and Additional Information Booklet for the Bennelong ex-20 Australian Equities Fund (Fund) have been updated, effective immediately. Previously, when a stock held within the Fund graduated into the S&P/ASX 20 Index, it had to be sold out of the portfolio within 12 months. Under the new rule, the stock can be held for as long as the investment team deems it to be in the best interests of unitholders. An additional change to the PDS has been the inclusion of risks related to events beyond our reasonable control (e.g. fires, floods, pandemics). Refer to ‘Force majeure risks’. If you are an existing investor in the Fund, this update will not result in any change to your unitholding. If you are considering an investment in the Fund, please ensure you read the latest PDS.

 

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