Sandhurst Strategic Income Fund
The objective of the Sandhurst Strategic Income Fund (Income Fund) is to provide regular income and returns for a given level of risk (risk adjusted returns) in varying market and economic conditions by strategically managing its exposure to a range of eligible securities. The Income Fund aims to deliver income returns to outperform the Bloomberg AusBond Bank Bill Index (after fees) over any two year period.
Lonsec Research Pty Ltd (Lonsec) has recently rated the Sandhurst Strategic Income Fund on 9th May 2016. Lonsec **highly rates the Sandhurst Strategic Income Fund (Class B units) on the belief that... "Lonsec has strong conviction the financial product can generate risk adjusted returns in line with relevant objectives", and "The investment team dedicated to the Fund is relatively well resourced when compared to peers".
Australia Ratings has assigned its credit rating of ‘A’ to the units issued by the Sandhurst Strategic Income Fund (the Fund) and a Product Complexity Indicator (PCI) of ‘Blue’. A rating of ‘A’ indicates the Fund has a strong degree of protection against loss from credit risk on the rating scale used by Australia Ratings and a PCI of ‘Blue’ indicates the Fund is a relatively simple financial product*. Australia Ratings is the only domestic rating agency that can issue credit ratings to financial products offered to retail investors in Australia. To access this report please click here.
The Income Fund aims to outperform the Benchmark over any 2 year period by investing in a diversified portfolio of domestic interest bearing securities across a range of maturities. The Income Fund will adjust its investments in line with our view of prevailing market conditions to optimise returns and control volatility.
The Income Fund can invest up to 100% of investor monies in domestic interest bearing securities and is permitted to invest a limited percentage in hybrid securities.
The Income Fund offers more than one class of unit. The term used to describe this type of offering is called “multi-class pricing”. An investor who applies directly for units in the Income Fund is defined as a Direct Investor and is issued with Class A units. An investor who applies for units in the Income Fund through a platform is defined as a Platform Investor and is issued with Class B units. Sandhurst may, at its discretion, offer Direct Investors who are wholesale clients as defined under the Corporations Act 2001 (Wholesale Client), the opportunity to invest directly in Class B units. Any application by Wholesale Clients to invest directly in Class B units may be accepted or rejected in part or in full by Sandhurst in its absolute discretion. Both units are ranked equally on a return of capital basis and have the same investment portfolio.
|Direct Investor (Class B)||Platform Investor
|Minimum initial investment||$2,000||$500,000||As directed by platform operator|
|Minimum additional investment||$500 or $100 per month via a regular savings plan||As directed by platform operator|
|Management costs1||0.79% p.a.||0.45% p.a.|
Quarterly distributions based on investor entitlements as at 31 March, 30 June, 30 September and 31 December
Distributions are normally paid within 30 days of these calculation dates
*The units of the Fund are rated ‘A’ by Australia Ratings. This rating implies the Fund has a strong degree of protection against loss arising from credit risk. A rating is not a recommendation to invest, retain or redeem units in the Fund. The rating may be subject to change or withdrawal at any time. A copy of Australia Ratings Financial Services Guide can be found at http://www.australiaratings.com/fsg.
**The Lonsec Rating (assigned May 2016) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to "General Advice" (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Sandhurst Trustees Ltd product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria.
For further information regarding Lonsec's Ratings methodology, please refer to our website at: http://www.beyond.lonsec.com.au/intelligence/lonsec-ratings
1 Refer to the 'Fees and costs' section of the Product Disclosure Statement .
Why choose the Sandhurst Strategic Income Fund?
The Income Fund may be suitable for investors looking for:
- a diversified portfolio with exposure across a range of securities, therefore reducing your risk exposure and potentially enhancing returns.
- strategic management of their investment which means our professional team monitors the markets and analyses fixed income investments which may offer higher returns with a lower level of risk.
- a convenient way to invest, as we handle all of the paperwork and administration.
- a regular income stream via quarterly distributions.
- easy access to their funds and with us managing your investments for you there is no need to worry about rolling over maturing deposits..
- a responsible entity with a proven record: Sandhurst aims to create wealth for investors by employing a disciplined and conservative approach to managing quality assets
- Recommended for at least a 2 year investment period.
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), applicable PDS updates and Reference Guide which are available at our website www.sandhursttrustees.com.au/pds or alternatively please contact our Customer Service Team on 1800 634 969 or visit any Bendigo Bank branch.