Investment Features
The key features of the Value Fund are its low fees (1.1%pa) and no exit or entry costs. See below for all management fees and details.
Please note that the Unit Price is calculated monthly and all applications to invest are processed on the last business day of the month. Redemption notices must be submitted at least 10 working days before the end of the month.
Many managed funds price and accept applications daily. We wish to attract investors with a long investment horizon (at least three years and preferably five) and one way we encourage this is by only accepting applications and withdrawals on a monthly basis.
| ABOUT THE FUND | |
|---|---|
| Fund Name | Intelligent Investor Value Fund |
| Investment Manager | Intelligent Investor Funds Pty Limited |
| Responsible Entity | Fundhost Limited |
| Custodian | National Australia Bank (NAB) |
| Investment Objective1 | To outperform the ASX All Ordinaries index over a rolling 3-5 year period |
| Fund investments | Australian listed and unlisted equities and cash |
| Borrowing | No borrowing |
| Suggested investment period2 | At least 5 years |
| Fund inception | 17 October 2009 |
| FEES | |
| Entry Fees | Nil |
| Exit Fees | Nil |
| MANAGEMENT COSTS | |
| Investment costs | 0.74% per annum |
| Administration costs | 0.26% per annum |
| Recoverable expenses | 0.10% per annum |
| Performance fee | 10% of returns in excess of 8% per annum |
| Buy / sell spread | +/- 0.40% |
| MINIMUM TRANSACTION AND BALANCE REQUIREMENTS | |
| Minimum initial investment | $10,000 |
| Minimum additional investment | $5,000 |
| Minimum withdrawal | $10,000 or remaining balance |
| Minimum balance | $1,000 |
| Indirect investors | We suggest you contact your IDPS operator for minimum requirements |
| Unit pricing frequency | Monthly |
| Applications processing & receipt | Monthly - receipt up to 4pm on the last day of the month |
| Redemption processing & receipt | Monthly - receipt to be 10 days prior to the end of the month |
| Income distribution frequency | Anually (as at 30 June). |
1 The indicative time frame for this investment is at least three years. There is no guarantee that the Intelligent Investor Value Fund objective will be achieved. The Investment Objective is expressed before the deduction of Management Costs i.e. performance is measured against the benchmark before fees, costs and taxes are deducted. See pages [8] to [13] for details on fees and costs and page [16] for details on taxes. The investment objective is not intended to be a forecast. It is merely an indication of what the Fund aims to achieve over the medium to long term on the assumption that equity markets remain relatively stable throughout the investment term. The Fund may not be successful in meeting this objectvie. Returns are not guaranteed.
2 This suggested investment period is based on Fundhost's view about investing in the Intellilgent Investor Value Fund which may not be appropriate for you at all times or suit your particular needs. You should regularly review all aspects of your investments.