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Sandhurst Investment Term Fund

(Previously known as Sandhurst Investment Common Fund)

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Fund overview

The objective of the Sandhurst Investment Term Fund (Fund) is to provide investors with regular income, capital stability and a range of investment terms and rates.

Investment strategy

Sandhurst aims to achieve the investment objective of the Fund by investing in a pool of diversified mortgage assets that is consistent with our conservative lending policy. The Fund predominantly invests in Australian first registered mortgages and mortgage backed securities that are income producing. The Fund also seeks to hold cash and cash equivalent assets to generate income and provide liquidity to the Fund.

Features

Operation Certificate and annual investment statement
Minimum initial investment $2000 by cheque or direct credit only
Minimum additional investments Not applicable
Additional investments can only be made at the time of the investment renewal
Investment term Choice of fixed investment terms between 3 months and 5 years
Income distributions

Choice of monthly or quarterly (as nominated on the Application Form)

Monthly distributions are only available on 12, 24, 36 month terms.

Income is calculated on your daily balance and paid at the end of each calendar month or calendar quarter (depending on your nominated distribution frequency), and on maturity or withdrawal of the investment.

Income distributions are not guaranteed.
Income payment options

You can choose to have your distributions:

  • automatically reinvested; or
  • paid to you by direct credit to your nominated account.
Withdrawals¹

Cheque, branch transfers, EFT to other institutions
(On maturity only)

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Anticipated Returns as at 22 March 2017

For each investment term offered Sandhurst will set a rate of return (net of all fees and costs) which it will anticipate meeting over the duration of the investment, referred to as the Anticipated Return. Sandhurst calculates the Anticipated Return by careful analysis of the Fund’s investment income and by considering factors such as economic and market conditions.

Anticipated Returns are not guaranteed and there is a risk that the rate paid may be lower than expected. Any income earned by the Fund above the Anticipated Return is paid as a performance fee² to Sandhurst.

Term Distribution Frequency Anticipated Return
3 Months On Maturity 2.15% p.a.*
6 Months Quarterly 2.30% p.a.*
1 Year Quarterly 2.50% p.a.
1 Year Monthly 2.45% p.a.
2 Years Quarterly 2.70% p.a.
2 Years Monthly 2.65% p.a.
3 Years Quarterly 2.85% p.a.
3 Years Monthly 2.80% p.a.
4 Years Quarterly 2.90% p.a.
5 Years Quarterly 3.05% p.a.
Transaction account^ Quarterly 1.40% p.a.
Anticipated returns are current as at 22 March 2017 and are subject to change without notice
* Income is calculated on your daily balance and paid on the 30th of June (if applicable) and on maturity of the investment.
^ A Transaction Account is a Sandhurst Investment Term Fund account with a ‘V' or ‘X' in the Customer Number; these accounts are no longer available

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To view previous returns of the fund click here

Additional Features

On the 3 year term investments there is a rainy day access feature, allowing you to withdraw¹ 25% of your initial investment at anytime during the term.

Why choose the Sandhurst Investment Term Fund?

  • 100% of funds are invested in income generating assets, including first registered mortgages and cash assets
  • A choice of investment terms
  • Flexible distribution methods (reinvest or direct credit payments)
  • No application or withdrawal fees and a competitive management fee², which means more of your money is working for you
  • An opportunity to balance a portfolio of longer term investments or offset less liquid investments

Fees on your account

  • No account keeping fees
  • No entry and exit fees
  • Indirect Cost Ratio3 as at 30 September 2016 is 1.40% p.a.

To find out more

The information on this page is a summary only. For the Application Form and for further information, please refer to the Product Disclosure Statement (PDS) and applicable PDS updates which are available at our website www.sandhursttrustees.com.au/pds or alternatively please contact our Customer Service Team on 1800 803 173 or visit any Bendigo Bank branch.

 

 

Early withdrawal may be available at Sandhurst’s discretion in special circumstances, although penalties may apply in the form of a reduced rate of return. From June 24, 2015 the reduced rate of return is 1.00% p.a. and is subject to change. Accessing your funds under the rainy day terms, does not result in a reduced rate of return.

Investments in this Fund are not deposits with, guaranteed by, or liabilities of the Bendigo and Adelaide Bank Limited, or any other bank and are subject to normal investment risk including loss of some or all of the principal invested.

1 Sandhurst shall satisfy withdrawal requests as soon as practicable (generally on the same day, but not more than 12 months). However, withdrawal requests may be delayed or refused if in Sandhurst’s reasonable opinion it is in the best interests of investors as a whole to do so. Investors will only have limited rights to withdraw if the Fund does not satisfy the liquidity test in the Corporations Act. There is a risk that withdrawal proceeds will not be paid within a reasonable period after the initial investment term.
2 Refer to the ‘Fees and other costs’ section of the current Product Disclosure Statement for more details of fees and costs.
3 Indirect Cost Ratio (ICR) includes investment management fees, any performance fees and certain other expenses; and is inclusive of GST. The investment management fee is calculated using the net asset value of the Fund. The historical ICR for the Fund is only an indicative measure and the actual expenses may vary from year to year. Please refer to the Product Disclosure Statement for further information on fees and costs.

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