The Clime Value Growth Fund at a glance
| Fund Commencement Date |
28 August 2006 |
| Fund Description |
The Clime Value Growth Fund (Fund) is a registered managed investment scheme. The Responsible Entity of the Fund is Clime RE Limited (Clime RE) and the Investment Manager is Clime Asset Management Pty Limited (Clime). Both Clime RE and Clime have been issued Australian Financial Services Licences. |
| Investment Objective |
The objective of the Fund is to provide consistent capital growth and a growing level of income over the long term by investing in a range of listed Australian shares, property trusts, fixed interest securities, and listed hybrid securities.
The indicative time frame for this investment is at least five years. |
| Investment Philosophy |
The Clime Value Growth Fund seeks to achieve its objective by consistently purchasing at a rational price, part interests of exceptional businesses with a demonstrated track record of superior economics. |
| Distribution Frequency |
Income distributions will be paid half-yearly, as at 31 December and 30 June. |
| Minimum Initial Investment |
$20,000 |
| Minimum Additional Investment |
$5,000 |
| Minimum Redemption |
$5,000 (provided that the unitholder maintains a minimum balance of $20,000). |
| Entry Fee |
Nil |
| Contribution Fee |
Nil |
| Withdrawal Fee |
Nil |
| Management Fees |
1.03% p.a. calculated and paid monthly in arrears on the last Business Day of the month. |
| Performance Fee and High Water Mark |
15.38% on outperformance above a benchmark of 12% per annum, after expenses. A High Water Mark is in place ensuring that previous losses must be recouped before a performance fee can be received by the Investment Manager. |
| Recoverable Expenses |
Capped at 0.52% p.a. |
| Buy/Sell Spread |
0.25% on the buy price, 0.25% on the sell price |
| Withdrawal Fee |
Nil |
| Unit Pricing |
Unit prices are calculated weekly |
| Reporting – Frequency |
Investors in the Fund will receive an annual report, quarterly investment reports, half yearly distribution statements, quarterly holding statements, and annual taxation reports. |
Fees and expenses include GST net of RITC where applicable. See the “Fees and other costs” section in the Product Disclosure Statement for further details.
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