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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.
 



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.
 



Fund annual reports

30 December 2019

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
Wheelhouse Global Equity Income Fund
 



Bennelong Kardinia Absolute Return Fund PDS and forms update

2 December 2019

A new Product Disclosure Statement is available for the Bennelong Kardinia Absolute Return Fund (effective immediately). The main changes are:

A new application Form is also available on our Forms and documents webpage.

Applications made using the old form will not be processed after 1 January 2020.
 


 

PDS & application form update

3 June 2019

A new Product Disclosure Statement and Additional Information Booklet is available for the 4D Global Infrastructure Fund (effective immediately) as the Fund has been admitted for trading on the mFund platform.

A new application Form is also available on our Forms and documents webpage.  

Applications made using the old form will not be processed after 2 August 2019.
 


 

Product Update and Continuous Disclosure Notice - Bennelong Emerging Companies Fund

10 December 2018

The stock range has been changed from 20-40 to 15-40, this minor change better reflects the Fund's strategy.

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.
 


 

Fund annual reports

14 November 2018

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

4D Global Infrastructure Fund
Bennelong Avoca Emerging Leaders 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
Wheelhouse Global Equity Income Fund
 


 

New PDS available

01 November 2018

A new Product Disclosure Statement and Additional Information Booklet are available for the Touchstone Index Unaware Fund (effective immediately). The main changes are:

  • decreased the management fee by 10bp;
  • increased the typical number of stocks from 15-20 to 15-25;
  • decreased the max amount of cash from 0-50% to 0- 20% and amended the equities range from 50-100% to 70-100%

We have also issued a new PDS for Bennelong Kardinia Absolute Return Fund effective 1 November 2018.

A new application Form is also available on our Forms and documents webpage.  

Applications made using the old form will not be processed after 31 December 2018.
 


 

PDS and Application Form updates

22 October 2018

Updated versions of our PDSs and application forms are now available (effective immediately) for the funds listed in the table below. To ensure all applications are processed promptly, please use the latest versions, which are available on our Forms & Documents webpage.

Please note, applications made using the old forms will not be processed after 31 December 2018.
 


 

PDS and Application Form updates

02 July 2018

PDS – Bennelong Avoca Emerging Leaders Fund                                                          

A new Product Disclosure Statement and Additional Information Booklet are available for the Bennelong Avoca Emerging Leaders Fund (effective immediately). The main changes are:

  • The portfolio holding has been decreased (from 30-50 stocks to 20-35 stocks)
  • The active stock limit for an individual stock against the S&P/ASX Small Ordinaries Index has been increased from +/- 6% to +/- 8 %
     

Applications made using the old form will not be processed after 31 July 2018.

 



 

PDS - Bennelong Emerging Companies Fund   

10 May 2018
                                           

A new PDS is available for the Bennelong Emerging Companies Fund (effective immediately) as the Fund has been admitted for trading on the mFund platform.

Online application forms
Online application forms for the BAEP funds have been available for some time. We have now also activated online application forms for 4D and Quay.

Application forms
Finally, there are new application forms (effective immediately) for the funds listed in the table below. This is due to the removal of the requirement for a ‘wet signature’ on initial application forms and on certified documentation accompanying the form. This means you will still need to sign the form but we will accept photocopies.

To ensure all applications are processed promptly, please use the latest versions which are available on our Forms & documents webpage. 

Applications made using the old forms will not be processed after 30 June 2018.

*Fund closed to new investors.
 



PDS and Application Forms updated

11 December 2017

Updated versions of our PDSs and application forms are now available (effective immediately) for the funds listed in the table below.To ensure all applications are processed promptly, please use the latest versions, which are available on our Forms & Documents webpage.

 Please note, applications made using the old forms will not be processed after 11 February 2018.

 


 

Product updates

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

23 October 2017

This Product Update and Continuous Disclosure Notice provides important information for existing investors in the Bennelong Kardinia Absolute Return Fund (‘Fund’).

In order to comply with ASIC Regulatory Guide 97, Bennelong Funds Management Ltd (BFML), the Responsible Entity for the Fund, has a policy in place on how fees and costs disclosed in the Product Disclosure Statement (‘PDS’) are calculated. The PDS on issue dated 1 February 2017 contains an estimate of typical ongoing performance fees of 0.60%, which is based on the effective amount of performance fees charged in the five full financial years to 30 June 2016. 

A recent review of the Fund has established that the average of the effective amount of Performance Fees charged in the past five full financial years (to 30 June 2017) is 0.18%.

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 PDS, available at bennelongfunds.com.

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

23 October 2017

This Product Update and Continuous Disclosure Notice provides important information for existing investors in the Bennelong ex-20 Australian Equities Fund (‘Fund’).

In order to comply with ASIC Regulatory Guide 97, Bennelong Funds Management Ltd (BFML), the Responsible Entity for the Fund, has a policy in place on how fees and costs disclosed in the Product Disclosure Statement (‘PDS’) are calculated. The PDS on issue dated 1 February 2017 contains an estimate of typical ongoing performance fees of 0.88%, which is based on the effective amount of performance fees charged in the five full financial years to 30 June 2016. 

A recent review of the Fund has established that the average of the effective amount of Performance Fees charged in the past five full financial years (to 30 June 2017) is 0.47%.

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 PDS together with the Additional Information to the Product Disclosure Statement booklet, both available at bennelongfunds.com.

Product Update and Continuous Disclosure Notice – Bennelong Avoca Emerging Leaders Fund

23 October 2017

This Product Update and Continuous Disclosure Notice provides important information for existing investors in the Bennelong Avoca Emerging Leaders Fund (‘Fund’).

In order to comply with ASIC Regulatory Guide 97, Bennelong Funds Management Ltd (BFML), the Responsible Entity for the Fund, has a policy in place on how fees and costs disclosed in the Product Disclosure Statement (‘PDS’) are calculated. The PDS on issue dated 1 February 2017 contains an estimate of typical ongoing performance fees of 0.26%, which is based on the effective amount of performance fees charged in the five full financial years to 30 June 2016. 

A recent review of the Fund has established that the average of the effective amount of Performance Fees charged in the past five full financial years (to 30 June 2017) is 0.13%.

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 PDS together with the Additional Information to the Product Disclosure Statement booklet, both available at bennelongfunds.com.


 

Bennelong Funds Management Limited as Responsible Entity of Third Link Growth Fund

ARSN: 130 165 552

18 August 2017

A product update and continuous disclosure notice for the Third Link Growth Fund can be found here.
 


 

Bennelong Funds Management Limited as Responsible Entity of Third Link Growth Fund

ARSN: 130 165 552

15 March 2017

In accordance with ASIC Regulatory Guide 26: Resignation, removal and replacement of auditors (RG 26), Bennelong Funds Management Limited hereby notifies unit holders of the Third Link Growth Fund (the Fund) that the Fund has changed Registered Scheme Auditor (the Auditor).

The incoming Auditor is Deloitte Touche Tohmatsu, and the outgoing Auditor is Ernst & Young. The reason for the change in the auditor is to align the Auditor to Bennelong Funds Management's (the Investment Manager) auditor, being Deloitte Touche Tohmatsu.

The change of auditor is effective of the date of this notice, being 15 March 2017.

This information was prepared by Bennelong Funds Management Limited as Responsible Entity in accordance with the Continuous Disclosure requirements under ASIC Regulatory Guide 26 and is only provided for information purposes. It does not contain investment recommendations nor provide investment advice.
 


 

Product Update and Continuous Disclosure Notice – Bennelong Avoca Emerging Leaders Fund

23 October 2017

This Product Update and Continuous Disclosure Notice provides important information for existing investors in the Bennelong Avoca Emerging Leaders Fund (‘Fund’).

In order to comply with ASIC Regulatory Guide 97, Bennelong Funds Management Ltd (BFML), the Responsible Entity for the Fund, has a policy in place on how fees and costs disclosed in the Product Disclosure Statement (‘PDS’) are calculated. The PDS on issue dated 1 February 2017 contains an estimate of typical ongoing performance fees of 0.26%, which is based on the effective amount of performance fees charged in the five full financial years to 30 June 2016. 

A recent review of the Fund has established that the average of the effective amount of Performance Fees charged in the past five full financial years (to 30 June 2017) is 0.13%.

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 PDS together with the Additional Information to the Product Disclosure Statement booklet, both available at bennelongfunds.com.
 



Offer documents updated

Effective 1 February 2017 

Updated versions of our offer documents and application forms are now available and effective immediately for the following funds:


The main changes are to address new disclosure requirements regarding costs and fees as required by ASIC Regulatory Guide 97.

In addition, the Funds listed above (*excluding the Bennelong Market Neutral Fund) are now open to New Zealand Investors under the trans-Tasman mutual recognition scheme.

To ensure all applications are processed promptly, please use the latest versions (dated 1 February 2017). Applications made using the old forms will not be processed after 28 February 2017.

To tailor your experience and information, please let us know who you are.