Suncorp Investment Funds

Transcription

Product Disclosure Statement
Product Disclosure Statement
Prepared: 9 May 2006
Effective: 30 June 2006
Issuer: Suncorp Metway Investment Management Limited
ABN: 31 068 147 651
AFSL: 229884
Contact Details:
Investment Funds Client Services
1800 067 732
Facsimile Number
(07) 3362 2905
Email Address
[email protected]
Website
suncorp.com.au
Postal Address
Suncorp Investment Funds (LS035)
GPO Box 1453
BRISBANE QLD 4001
Registered Business Address
Level 18
36 Wickham Terrace
BRISBANE QLD 4000
This document has been prepared without taking into account
your particular objectives, financial situation or needs. For that
reason, before acting on the content within this document you
should consider the appropriateness of the content having regard
to your own objectives, financial situation and needs.
Suncorp Metway Investment Management Limited ABN 31 068 147 651,
Australian Financial Services Licensee (“SMIML” or “Responsible Entity”) is
the issuer of this Product Disclosure Statement (“PDS”) and the Responsible
Entity of the Suncorp Investment Funds (“Fund”, “Funds” or “Suncorp
Investment Funds”) offered for investment in this PDS. In this PDS, ‘we’,
‘our’, ‘us’ and ‘Suncorp’ means SMIML and ‘you’ and ‘your’ means an
investor in any of the Funds.
Suncorp Custodian Services Pty Ltd ABN 85 010 421 931, AFSL 229863
(“SCUS”) is the custodian for the Funds under a Custody Agreement.
SCUS’s role as custodian is limited to holding assets of the Funds as agent
of the Responsible Entity. SCUS has no supervisory role in relation to the
operation of the Funds and is not responsible for protecting your interests.
SCUS has no liability or responsibility to you for any act done or omission
made in accordance with the terms of the Custody Agreement.
Suncorp-Metway Limited ABN 66 010 831 722 (“SML”) and its subsidiaries
and related companies (including SMIML) do not guarantee the repayment
of capital or the investment performance of the Funds. SML and its
subsidiaries and related companies (excluding SMIML) are not responsible
for or liable in respect of the products or services provided by SMIML.
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An investment in the Funds is not a bank deposit or other bank liability
and is subject to investment risk including possible delays in repayment
and loss of income and principal invested. It is recommended that you
consult a financial adviser who is a financial services licensee or an
authorised representative of a financial services licensee before you
invest. A financial adviser will be able to advise you about the financial
implications of an investment in the Funds and how it may affect your
particular circumstances.
An interest in a Fund offered in this PDS will only be issued after we have
accepted a properly completed Application Form (issued with this PDS)
and cleared funds necessary to pay for the investment.
Investment in the Funds on the basis of the electronic PDS is only available
to a person receiving the electronic PDS in Australia and who is a resident
of Australia at that time.
A cooling-off period exists. Please see page 23 for details.
Please note that if you leave the Funds within any given time
period after joining, you may get back less than the amount you
paid in because of the level of investment earnings achieved
by the Fund and fees payable.
This PDS may be updated or replaced from time to time. Copies
of the current PDS are available free of charge by contacting our
Client Services Team on 1800 067 732.
Supplementary Product Disclosure Statement
2 March 2011
Dated:
2 March 2011 (name change effective on or about 15 March 2011)
Issuer:
SIM Funds Management Limited (‘SIM’)
ABN:
31 068 147 651
AFSL:
229884
About this Supplementary Product Disclosure Statement
This is a Supplementary Product Disclosure Statement (‘SPDS’) for the Suncorp Investment Funds Product Disclosure Statement
dated 30 June 2006 (‘PDS’) and incorporates all of the information contained in the previous Supplementary Product Disclosure
Statements dated 23 November 2010, 5 October 2010, 31 March 2009, 16 December 2008 and 18 March 2008 (the ‘previous
SPDSs’) issued by Suncorp Metway Investment Management Limited ABN 31 068 147 651, AFS Licence No: 229884
(‘Responsible Entity’). This SPDS must be read together with the PDS and covers the following funds:
Suncorp Cash Fund
(ARSN 100 325 442)
Suncorp Conservative Fund
(ARSN 092 026 161)
Suncorp Balanced Fund
(ARSN 103 973 020)
Suncorp Growth Fund
(ARSN 092 026 090)
Suncorp Australian Shares Fund
(ARSN 092 026 170)
Suncorp Imputation Fund
(ARSN 103 973 351)
Suncorp Global Shares Fund
(ARSN 096 451 053)
Suncorp Property Growth Fund
(ARSN 092 026 116)
Purpose of this SPDS
The purpose of this SPDS is to make changes required as a result of the acquisition of Suncorp Metway Investment Management Limited by Nikko
Asset Management Singapore Limited, a wholly owned subsidiary of Nikko Asset Management Co., Ltd. (‘Nikko AM’) on 1 March 2011 and to
consolidate the previous SPDs. Suncorp Metway Investment Management Limited will change its name to SIM Funds Management Limited on or
about 15 March 2011.
Changes throughout the document
Unless otherwise stated, terms defined in the PDS have the same meaning in this SPDS.
All references in the PDS to the Suncorp Investment Management Trusts are deleted and replaced with SIM Trusts.
All references in the PDS to Suncorp Metway Investment Management and SMIML are deleted and replaced with SIM Funds
Management Limited and SIM respectively.
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Inside Front Cover
Replace the Contact details and Disclaimer on the inside front cover of the product disclosure statement (‘PDS’) with the
following:
Investment Funds Client Services
1800 067 732
Facsimile Number
(07) 3362 2905
Email Address
[email protected]
Website
suncorp.com.au
Postal Address
GPO Box 1453
BRISBANE QLD 4001
This document has been prepared without taking into account your particular objectives, financial situation or needs. For that reason, before acting
on the content within this document you should consider the appropriateness of the content having regard to your own objectives, financial
situation and needs.
This is a Product Disclosure Statement dated 30 June 2006, as supplemented by a Supplementary Product Disclosure Statement dated 2 March
2011 (‘SPDS’) (together the ‘PDS’). The PDS has been prepared by the Responsible Entity, SIM Funds Management Limited (ABN 31 068 147 651,
AFS Licence No: 229884) (referred to throughout this PDS as ‘SIM, ‘responsible entity’, ‘we’, ‘our’ or ‘us’) and ‘you’ and ‘your’ means an investor in
any of the Funds. The trusts offered for investment in this PDS are referred to collectively as the ‘Suncorp Investment Funds’ ‘Fund’ or ‘Funds’.
Suncorp Custodian Services Pty Ltd (ABN 85 010 421 931, AFSL 229863) (‘SCUS’) is the custodian for the Funds under a Custody Agreement.
SCUS’s role as custodian is limited to holding assets of the Funds as agent of the Responsible Entity. SCUS has no supervisory role in relation to the
operation of the Funds and is not responsible for protecting your interests. SCUS has no liability or responsibility to you for any act done or
omission made in accordance with the terms of the Custody Agreement.
SIM is a subsidiary of Nikko Asset Management Co., Ltd. (‘Nikko AM’). The obligations of SIM are not guaranteed by Nikko AM or any related body
corporate of Nikko AM. Except as otherwise stated, Nikko AM and its subsidiaries do not guarantee the repayment of capital invested in or the
investment performance of the Funds. An interest in a Fund is not a bank deposit or other bank liability and is subject to investment risk including
possible delays in repayment, up and down fluctuations in the value of investments and loss of the principal invested and any amounts re-invested.
References to Suncorp are a reference to Suncorp Group Limited ABN 66 145 290 124 ‘Suncorp’ and each of its subsidiaries. Suncorp has
consented to the use of its name in the PDS in the form and context of which it appears and that consent has not been withdrawn before the date
of the SPDS. The obligations of SIM are not guaranteed by Suncorp or any related body corporate of Suncorp. Except as otherwise stated, Suncorp
and its subsidiaries do not guarantee the repayment of capital invested in or the investment performance of the Funds. An interest in a Fund is not
a bank deposit or other bank liability and is subject to investment risk including possible delays in repayment, up and down fluctuations in the
value of investments and loss of the principal invested and any amounts re-invested.
It is recommended that you consult a financial adviser who is a financial services licensee or an authorised representative of a financial services
licensee before you invest. A financial adviser will be able to advise you about the financial implications of an investment in the Funds and how it
may affect your particular circumstances.
An interest in a Fund offered in this PDS will only be issued after we have accepted a properly completed Application Form (issued with this PDS)
and cleared funds necessary to pay for the investment. Investment in the Funds on the basis of the electronic PDS is only available to a person
receiving the electronic PDS in Australia and who is a resident of Australia at that time.
A cooling-off period exists. Please see page 23 for details. Please note that if you leave the Funds within any given time period after joining, you
may get back less than the amount you paid in because of the level of investment earnings achieved by the Fund and fees payable.
This PDS may be updated or replaced from time to time. Copies of the current PDS are available free of charge by contacting our Client Services
Team on 1800 067 732.
Investment Funds
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About the Suncorp Group
On page 5 and page 6, replace the heading ‘About the Suncorp Group’ with ‘About SIM Funds Management Limited’
On page 5, delete all paragraphs describing the Suncorp Group, Suncorp Wealth Management and Suncorp Investment Management
and replace with the following:
SIM Funds Management Limited (‘SIM’) is a wholly owned subsidiary of Nikko Asset Management Co., Ltd. (‘Nikko AM’), which is one of the largest asset
management companies in Japan with approximately A$125 billion in funds under management as at 31 December 2010. Additionally, approximately
A$22 billion is managed by its Australian investment teams on behalf of retail and institutional investors, private clients, superannuation funds and
charitable trusts.
SIM strives to thoroughly understand the needs of its clients by tailoring solutions to meet their objectives, being adaptive and maintaining a thorough
research-driven investment process. Its active style, disciplined processes and strong focus on risk are designed to add value to clients’ funds over the
longer term.
Russell Investment Management Limited (ABN 53 068 338 974, Australian Financial Services Licence No. 247185) (‘Russell’) has been appointed by SIM
to manage the following underlying SIM Trusts (‘SIMTs’): the SIM Australian Equities Trust, SIM Property Securities Trust and SIM Imputation Trust. These
Trusts are managed using an enhanced index style. Russell uses various risk models and optimisation techniques, with the primary aim of tracking the
relevant benchmarks within an agreed margin, while taking advantage of opportunities for outperformance (for example during corporate actions events)
and while keeping trading costs down to a reasonable level.
With more than A$151 billion in assets under management as at 31 December 2010, Russell serves individual, institutional and adviser clients in more
than 47 countries. Russell provides access to some of the world’s best money managers. It helps investors put this access to work in large superannuation
funds and in the life savings of individual investors.
How are the Funds invested?
On page 7, delete both paragraphs under the heading ‘How are the Funds invested?’ and replace with the following:
The Funds generally gain exposure to underlying assets such as Australian shares, overseas shares, listed property trusts, cash and fixed interest securities
via investments into managed investment schemes managed by SIM (including the SIM Trusts) and Tyndall Investment Management Limited (ABN 99 003
376 252, AFS Licence No.: 237563). By investing the Funds in this way, investors are able to access large and diversified pools of assets that are
managed in a manner consistent with the investment objectives and strategy of the Funds. These investments will be supplemented with positions in
money market securities and derivatives in order to manage cash flows and asset allocation changes. The performance of the Funds will consequently
reflect movements in these money market securities, derivatives, SIMTs and other managed investment schemes.
Russell Investment Management Limited (ABN 53 068 338 974 Australian Financial Services Licence No. 247185) (‘Russell’) has been appointed by SIM
to manage the following underlying SIM Trusts (‘SIMTs’): the SIM Australian Equities Trust, SIM Property Securities Trust and SIM Imputation Trust. These
Trusts are managed using an enhanced index style. Russell uses various risk models and optimisation techniques, with the primary aim of tracking the
relevant benchmarks within an agreed margin, while taking advantage of opportunities for outperformance (for example during corporate actions events)
and while keeping trading costs down to a reasonable level.
With the appointment of Russell, investors were offered a reduction in the Ongoing Fee for the Suncorp Australian Shares Fund and Suncorp Imputation
Fund. The fee reduction took effect on 18 February 2008 and will continue until the management arrangements with Russell are terminated. The
appointment of Russell does not affect the investment objectives of the Suncorp Australian Shares Fund, Suncorp Imputation Fund or the Suncorp
Property Growth Fund.
Investment options – Fund Summary
In footnote 3 on page 11, add the following:
The Ongoing Fee for the Suncorp Australian Shares Fund and Suncorp Imputation Fund decreased from 1.95% p.a. to 1.45% p.a. on 18 February 2008.
The Ongoing Fee for the Suncorp Property Growth Fund remains unchanged.
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In footnote 5, add the following: All references in the PDS on pages 11-20 to fund sizes are deleted and replaced with the
following amounts as at 31 December 2010:
Suncorp Cash Fund
$1.17m
$82.79m
$26.17m
Suncorp Growth Fund
$114.44m
$6.86m
$31.07m
Suncorp Australian Shares Fund $51.96m
$4.64m
Investment options – pages 12 – 20
All references in the PDS on pages 12-20 regarding performance of the Funds including performance graphs are to be deleted.
Updated unit prices and performance information can be found at:
http://www.suncorpbank.com.au/personal/investing/managed-funds/unit-prices
Suncorp Income Fund
The Responsible Entity has decided to wind up the Suncorp Income Fund (ARSN 092 025 744) and as at 1 March 2011, this process was
underway. As a consequence, all references in the PDS to the Suncorp Income Fund, including the Fund profile on page 13,
are deleted.
On page 14, in the table under Investment Guidelines showing the Asset Range for Australian Fixed Interest, delete 50% to
90% and replace with 10% to 90%.
All other Asset Classes and Benchmarks remain unchanged.
Suncorp Balanced Fund and Suncorp Growth Fund
On pages 15 and 16, delete the footnote marked * under the table in the Investment Guidelines section.
On page 18, the Ongoing Fee was decreased from 1.95% p.a. to 1.45% p.a. from 18 February 2008.
On page 19, the Ongoing Fee was decreased from 1.95% p.a. to 1.45% p.a. from 18 February 2008.
On page 20, replace the paragraph and table under the heading ‘Manager Allocation’ with the following:
The Fund gains exposure to international equities via investment into the SIM World Equities Trust (‘SIMWET’), which is also managed by SIM.
When it comes to investing in overseas sharemarkets, SIM utilises the expertise of external international investment managers. Through a multimanager structure, SIM expects active, bottom-up stock selection to be the primary source of active performance. The nature of investments
and the process that SIM uses to monitor the portfolio means that investment managers and their portfolio weights may change without notice.
Investment Funds
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The Trust is structured across three styles/sectors: global growth, global value and emerging markets, with one or two managers in each. The global value
and global growth managers predominantly invest in developed markets. The allocation to emerging markets is significantly smaller than the value and
growth exposures.
The current managers and their neutral allocations are:
Walter Scott & Partners
(Edinburgh, UK)
20%
Epoch Investment Partners
(New York, USA)
20%
Davis Selected Advisers
(New York, USA)
20%
Principal Global Investors
(Des Moines, USA)
20%
Schroder Investment Management
(London, UK)
10%
Tyndall (Cash/Overlay)
(Sydney, Australia)
10%
The investment team reviews the existing managers through daily monitoring, regular contact and onsite visits and regularly reviews alternative managers.
The allocations to sectors/managers are determined by the investment team based on the ongoing review of the managers and market conditions with the
goal of optimising the portfolio’s risk/return profile. The allocations above may change consistent with this process.
Management of your account
On page 22, replace the second paragraph and following two dot points in the section headed Fixed Payment Plan with the following:
The Fixed Payment Plan is only available for the Suncorp Conservative Fund and only when you have at least $20,000 in your Fund at the time of
application for the Payment Plan. The minimum fixed payment amount you may choose is $200 per quarter.
Fees and Other Costs
On page 26, under the heading ‘Management Costs’, the management cost has been reduced from 1.95% p.a. to 1.45% p.a. for the
Suncorp Australian Shares Fund and Suncorp Imputation Fund.
On page 27, replace the table in the section titled “Withdrawal fee for Nil Contribution Fee option – worked example” with the
following table:
Amount Contributed
Date of Contribution
Date of Withdrawal
Withdrawal Fee
Applicable (%)
Withdrawal Fee
Amount ($)
$10,000
1 January 2011
1 June 2011
4%
$400
$500
1 July 2011
1 July 2013
4%
$20
$500
1 September 2011
2 September 2014
Nil
Nil
On page 28, replace the first paragraph under the heading ‘Indirect Fees’ with the following:
The Suncorp Conservative Fund, Suncorp Balanced Fund and Suncorp Growth Fund pay brokerage fees on the derivatives they hold directly. The remaining
Funds currently do not pay any brokerage, however the SIMTs and other underlying managed funds pay brokerage and transaction fees. As the Funds invest
into the SIMTs and other managed funds, any fees paid at the SIMT or other managed fund level indirectly have an effect on the unit price and the
performance of the Funds.
6
On page 28, delete the second paragraph in the section entitled ‘Adviser Commission’ and replace the first paragraph with the
following:
The adviser selling you the Funds may receive payment for the sale. Details of this payment will be in the Financial Services Guide and Statement of
Advice, which your adviser will give you. A payment may be in the form of salary, bonus, or commission depending upon the adviser’s relationship
with their employer. All commission paid to an adviser is paid by a member of the Nikko AM group and is not an additional charge to you.
Additional Information
On page 32, replace the paragraph under the heading ‘Disclosure of interest’ with the following:
When investing assets of the Funds, the Responsible Entity may acquire investments directly or may invest indirectly by acquiring interests in other
managed investment schemes, both registered and unregistered. Some of these schemes may be managed by entities which are related to, or
subsidiaries of, Nikko AM. If a Fund invests into a fund managed by a member of the Nikko AM group, we charge only one ongoing fee.
Companies which are related to Nikko AM, their employees, and any other scheme we manage may invest in the Funds.
Anti-Money Laundering and Counter-Terrorism Financing
On page 32, the following information is added after the heading ‘Disclosure of interest’:
Anti-Money Laundering and Counter-Terrorism Financing
The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (‘AML/CTF Act’) requires investment providers, like us, to collect certain
information about each investor, supported by relevant identification documents and verify their identity. In the event of delay or failure by the
investor to produce any information required for identification purposes, we legally cannot proceed with the investment application.
We are required to delay or refuse any request or transaction, including suspending the issue or withdrawal of units, if we are concerned that the
request may breach any obligation of, or cause us to commit or participate in an offence under the AML/CTF Act, and we will not incur any liability
if we do so.
Where an initial application is made, we are required by law to identify all parties to the application prior to accepting the application. Therefore, if
we fail to receive all requested information together with your application, your application monies will be held in an interest-bearing account
pending the provision of the required relevant information.
Any interest earned on the account will be kept by us. Once we receive the remaining information, your application will be given value as at the
date of receipt of the final piece of required information.
Complaint and dispute resolution
The references to ‘Financial Industry Complaints Service’ and ‘FICS’ in the ‘What We Will Do’ section on page 34 are replaced by
‘Financial Ombudsman Service’ and ‘FOS’ respectively.
On page 34, the following information replaces the section under the heading ‘Financial Industry Complaints Service’:
Since 1 July 2008, the dispute resolution previously conducted by the Financial Industry Complaints Service (FICS) has been conducted by the
Financial Ombudsman Service Limited (FOS).
Investment Funds
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Financial Ombudsman Service Limited (FOS)
FOS is a free service for you and a totally independent and impartial body. SIM is a member of FOS (membership number 10910). FOS will deal with your
complaint or dispute directly or follow up the matter on your behalf. If you want more information on FOS, please ask us.
You can also contact FOS by:
Phoning:
1300 780 808 (for the cost of a local call*)
Faxing:
03 9613 6399
or
Writing to: Financial Ombudsman Service Limited
GPO Box 3
Melbourne VIC 3001.
* A higher charge may apply for public telephones and mobile phones.
Completing the Application Form
On page 36, delete the column headed ‘Documentation required’ from the table.
The ‘Application Form’ on pages 39 – 42 is replaced by the corresponding form on pages 9 – 15 of this SPDS.
Replace the Direct Debit Request Form on page 33 with the corresponding form on page 17 of this SPDS.
The ‘Additional Application Form’ on pages 45 – 48 is replaced by the corresponding form on pages 19 – 22 of this SPDS.
Delete the contents of page 49.
On page 28, replace the first paragraph under the heading ‘Indirect Fees’ with the following:
Inside back cover
Replace the text on the inside back cover with the following:
Various products and services are provided by the different entities which are related to SIM and Nikko AM. The different entities in the Nikko AM group are
not responsible for or liable in respect of products or services provided by other entities in the group.
8
By completing this form, you acknowledge that you have received and read all parts of this PDS, including the
Supplementary PDS issued 2 March 2011.
Application Form
Issued by SIM Funds Management Limited
Dated: 2 March 2011
ABN: 31 068 147 651
AFS Licence No: 229884
Please use CAPITAL letters and ✓ boxes where needed.
Please use the “Additional Application Form” if you are making an additional investment.
SECTION 1 – INVESTOR DETAILS
Investment Name Set-up
Complete the following sections:
Investment Account Type
Complete Name Details
Individual
Question 1A then go to 5
Joint
Question 1A & 1B then go to 5
Australian company
Question 2 then go to 5
Trustee
Question 1A & 1B or 2 then go to 3
Sole trader with registered business
Question 1A, 2 then go to 5
1. Individual / Joint Owners
1a. Name
Title:
Surname:
Given Names:
D.O.B. (dd/mm/yy):
/
/
1b. Name (Joint Investor)
Title:
Surname:
Given Names:
D.O.B. (dd/mm/yy):
/
/
Joint Investments
Both signatures required for transactions on the investment (No PIN will be issued)
If box not ticked, only 1 signature will be required to transact on the investment.
Joint investments to be treated as tenants in common (if box not ticked applicants will be treated as joint tenants)
2. Australian Company / Sole Trader with registered business
Full company name / registered business name:
Australian Company Number (ACN): (if any)
Australian Business Number (ABN): (if any)
Name (1):
Name (2):
Registered office address: (PO Box is not acceptable)
Principal place of business address: (if same as above, write ‘as above’)
Phone Number:
Investment Funds
9
2. Australian Company / Sole Trader with registered business (continued)
To be completed for private Australian companies
Please provide the names of each director
Surname:
Given Names:
Surname:
Given Names:
Surname:
Given Names:
If there are more directors, please provide on a separate sheet
Please provide the names and residential address of all beneficial owners where the share holding is greater than 25%
Surname:
Given Names:
Residential address:
Surname:
Given Names:
Surname:
Given Names:
3. Trust Details
(Please provide the name of the Superannuation Fund, Trust Beneficiaries, or Deceased Estate in this section.)
Full name of trust:
Full business name (if any):
Country where trust established:
ABN (if any):
Contact Name:
Contact Number:
4. Investing on behalf of a minor
Full name of minor:
D.O.B (dd/mm/yy)
/
/
Please note, if you are investing on behalf of a minor the identification forms that need to be completed are the individuals or joint investors forms.
5. Contact Details
Daytime Phone Number:
Mobile Number:
Email:
Residential or Registered Business Address: (PO Box is not acceptable)
Suburb:
State:
Postcode:
State:
Postcode:
Postal Address (If Applicable):
Suburb:
10
SECTION 2 – TAX FILE NUMBER DETAILS
Collection of Tax File Numbers (TFNs) is authorised, and their use and disclosure strictly regulated, by tax laws and the Privacy Act. It is not an offence
if you do not provide a TFN, but if no TFN or Australian Business Number (ABN) are quoted or no exemption is claimed before a distribution is declared,
tax will be deducted at the highest marginal rate of taxation. For more information about the use of TFNs, please phone your nearest Tax Office.
Investor 1 / Company / Trustee
Tax File Number
OR
Australian Business Number
OR
Exemption
OR
OR
Exemption
Investor 2
Tax File Number
SECTION 3 – INVESTMENT DETAILS
Investment deposit via cheque payable to: SCUS – Suncorp Investment Funds
Minimum Requirements
Entry Type
Initial Deposit
Additional
Initial Deposit – Monthly
Monthly
Contribution Fee
$2,000
$1,000
$100
$100
Nil Contribution Fee
$2,000
$1,000
n/a
n/a
Contribution Fee
Fund
Investment ($)
Amount
Monthly
Savings Plan**
$ per month
Distribution
Type* – Reinvest
(tick)
Distribution Type*
– Paid to
Account (tick)
Distribution***
– Fixed Payment
Australian Shares Fund
$
$
n/a
Growth Fund
$
$
n/a
Property Growth Fund
$
$
n/a
Conservative Fund
$
$
$
Global Shares Fund
$
$
n/a
Balanced Fund
$
$
n/a
Imputation Fund
$
$
n/a
Total Investment
$
Fund
Investment ($)
Amount
Distribution
Type* – Reinvest
(tick)
Distribution Type*
– Paid to
Account (tick)
Distribution***
– Fixed Payment
$
$
n/a
Growth Fund
$
$
n/a
$
$
n/a
Conservative Fund
$
$
$
Global Shares Fund
$
$
n/a
Balanced Fund
$
$
n/a
Imputation Fund
$
$
n/a
Cash Fund
$
$
n/a
Total Investment
$
Investment Funds
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*If no income distribution method is indicated, all distributions will be reinvested into the same Fund.
** For the Savings Plan you need to complete the Direct Debit Request Authority form.
***Distribution – Distribution – If you are investing at least $20,000 into the Suncorp Conservative Fund, you may utilise the Fixed Payment Plan.
Please tick this box if you wish to have your monthly Savings Plan amount increased in line with the Consumer Price Index All Groups Australia (“CPI”)
each year. Indexation occurs in July, based on the annual percentage movement in the CPI to March of the same year.
SECTION 4 – FINANCIAL INSTITUTION DETAILS
Please provide details of the account you want your distributions and/ or PIN phone withdrawals paid into.
Name of Bank/Building Society/Credit Union:
Branch Address:
BSB Number:
Account Number:
Name/s of Account Owner/s:
SECTION 5 - PROOF OF IDENTITY FOR INDIVIDUALS, JOINT INVESTORS AND SOLE TRADERS
If proof of identity has not been previously completed, you will need to prove your identity by selecting an item from PART A below, or if you cannot provide
any of the listed documents, select two items from PART B.
We require proof of identity BEFORE we can proceed with your instructions, if you are requesting a joint investment both investors must complete documentation
for an individual.
Documents written in a language other than English must be accompanied by an English translation prepared by an NAATI accredited translator
(see www.naati.com.au)*.
PART A – ACCEPTABLE PHOTOGRAPHIC IDENTIFICATION DOCUMENTS – ONE ITEM REQUIRED
Tick ✓
Select ONE item from this section, which MUST contain your NAME, PHOTO and either DATE OF BIRTH or RESIDENTIAL ADDRESS.
A current driver’s licence
A current Australian passport (or one which has expired within the last two years)
A current Proof of Age Card issued under an Australian State/Territory (including 18+ and Birth Cards)
A current foreign passport or similar travel document also containing your signature issued by a government, the UN or agency of the UN
A National Identity Card issued by a foreign government also containing your signature
PART B – OTHER ALTERNATIVE IDENTIFICATION DOCUMENTS - TWO ITEMS REQUIRED (this section is only required if a Part A item could not be provided)
Tick ✓
Select ONE item from this section
An Australian birth certificate/extract
A citizenship certificate
A foreign birth certificate issued by a government, the UN, or agency of the UN
A current Centrelink Card; AND
Tick ✓
Select ONE item from this section which MUST contain your NAME and RESIDENTIAL ADDRESS
A notice issued by the Commonwealth, State or Territory within the last twelve months recording the provision of financial benefits to you
A notice issued by the Australian Taxation Office within the last twelve months recording a debt payable by you to the Commonwealth
(or by the Commonwealth to you)
A notice issued by a local government body or utilities provider (eg. gas, electricity, phone) within the last three months recording the provision
of services to your address or to you
If you are under age 18, a letter written less than three months ago, from your school principal recording how long you have attended that school
12
PART C – FOR USE WHERE RESIDENTIAL ADDRESS IS NOT IN AUSTRALIA OR NEW ZEALAND - ONE ADDITIONAL ITEM REQUIRED
In addition to PART A requirements above please select:
ONE additional item from Part A OR
ONE item from any section in Part B.
PART D – ADDITIONAL REQUIRED DOCUMENTS IF YOU ARE A SOLE TRADER WITH A REGISTERED BUSINESS
If you are a sole trader please provide the following:
An original business name search eg CITEC or Office of Fair Trading (not greater than 7 days old)
SECTION 6 – REQUIREMENTS FOR OTHER BUSINESS ENTITIES
PART A – REQUIREMENTS FOR AN AUSTRALIAN COMPANY
An original copy of the relevant ASIC database (not greater than 7 days old)
PART B – REQUIRED DOCUMENTS IF YOU ARE A TRUST, ASSOCIATION/UNINCORPORATED BODY OR PARTNERSHIP
If you investing as any of the above please download the appropriate identification form from www.suncorp.com.au
Complete the identification form and send in the required documentation along with your completed application form.
CERTIFICATION PROCEDURE – where not being assisted by an adviser
If an adviser is not assisting you with this transaction, to prove your identity, you will need to:
•
Take the originals of your selected identification documents to a certifier (see list below) who will certify that the original documents have been sighted,
•
Ensure the certifier copies the originals and signs the copy confirming that it is a true copy of the original document and includes on the copy the date,
their name and designation from the list below, and
•
Mail this form and your certified copy/s of identification to us. (We cannot accept facsimiles or copies of the certified documents)
ACCEPTABLE CERTIFIERS
Who to see
Conditions and definitions
Australia Post
An agent of the Australian Postal Corporation who is in charge of an office supplying postal services to the public; or a
permanent employee of the Australian Postal Corporation with two or more years of continuous service who is employed
in an office supplying postal services to the public.
Banking and other
financial institutions
An officer with two or more continuous years of service with one or more financial institutions or a finance company officer
with two or more continuous years of service with one or more financial companies. This includes Suncorp and its subsidiaries.
Justice of the Peace
Or Notary Public
An individual appointed by the courts whose duties include certifying documents.
Legal Professionals/
Law Enforcement
A person who is enrolled on the roll of the Supreme Court of a State or Territory, or High Court of Australia, as a legal
practitioner. Other professionals include a judge of a court; a magistrate; a chief executive officer of a Commonwealth
court; a registrar or deputy registrar of a court, or a police officer.
Accountants
A member of the institute of Chartered Accountants in Australia, CPA Australia or the National Institute of Accountants
with two or more years of continuous membership.
Financial Adviser
An officer with, or authorised representative of, a holder of an Australian financial services licence, having two or more
continuous years of service with one or more licensees.
Please note however that if you are consulting face to face with your current financial adviser, the certification process is not required- see the following section
Verification Procedure.
Consular or Diplomatic Officer An Australian Consular Officer or an Australian Diplomatic Officer.
Investment Funds
13
VERIFICATION PROCEDURE – to be completed by your financial adviser
For individuals verify their full name and EITHER their date of birth or residential address from the ORIGINAL copies of identification documents provided above.
For companies verify the full name of the company as per the searches carried out, whether it is a public or private company and their ACN.
•
Ensure the individual has completed from Section 5 Part A, or Part B if the individual does not own a document from Part A, and Part C if residing
overseas or Part D if investing as a sole trader with a registered business. Ensure for Australian companies Section 6 Part A has been completed.
•
Complete this section to indicate the details of the verification procedure conducted
•
Ensure original documentation is sighted when meeting the customer face to face (certified copies are only acceptable if you do not meet face to face
and they must meet the requirements detailed in the section above)
•
Verify that the documents have not expired or are within the time periods stipulated (e.g. an Australian passport which has expired in the last two years)
ID DOCUMENT DETAILS
Document 1
Verified From
Document 2 (if using Part B or C)
Original
Certified Copy**
Original
Certified Copy**
N/A
Sighted*
N/A
Sighted*
Document Type/Issuer
Issue Date
Expiry Date (if applicable)
Document Number (if any)
Accredited English Translation
Verified Date
/
/
/
Adviser’s Name
Phone No.
Adviser’s Organisation
Adviser No
/
* A verifier who is able to translate non-English proof of identification documents can do so, otherwise an NAATI accredited translator must provide the translation BEFORE verification can occur.
** Certified copies of documentation are only permitted where clients have not been assisted by a financial adviser.
SECTION 7 – PRIVACY STATEMENT
Your privacy is very important to us and we have always believed that it should be protected.
The Privacy Act 1988 (‘Privacy Act’) requires us to have procedures in place to cover the collection, use and disclosure of personal information we may hold
about individual investors.
We need to collect personal information about you for the purpose of providing investment services including:
• assessing and deciding whether to accept your application for investment
• implementing any changes or amendments to your investment
• administering and managing your investment
• paying income distributions relevant to your investment
• processing redemptions from your investment.
We are also required to collect pe rsonal information to meet the requirements of taxation law and to meet the requirements of anti-money laundering and
counter terrorism-financing legislation.
We only ask for information that is necessary for the purposes outlined in this statement. If you do not provide us with requested information, we may not be
able to provide investment services to you.
We will only disclose your personal information to people or organisations for the purposes outlined in this statement.
SIM Funds Management Limited (‘SIM’) is a wholly owned subsidiary of Nikko Asset Management Co., Ltd (‘Nikko AM’). We do not disclose personal
information to any outside third party organisation, unless it is contracted to SIM or Nikko AM to provide administrative services or activities relating
to your investment on our behalf. In this case, we make sure that the third party is bound by the same privacy rules we follow.
Such third parties may include:
• your adviser
• mailing houses
• the custodian and/or administrator
• legal and other professional advisers, and
• government departments.
Sometimes, SIM might use your personal information provide you with additional information about the benefits of your investment, or to let you know about
other products and services that we or other related companies provide.
You can:
• request access to and update the personal information we hold about you
• get more information about SIM or Nikko AM, or
• obtain a copy of SIM’s Privacy Policy
by calling 13 11 55.
14
SECTION 8 – CONFIRMATION AND ACKNOWLEDGMENTS
I/We have read the Suncorp Investment Funds PDS with an effective date of 30 June 2006 and the supplementary PDS
with an effective date of 2 March 2011 and agree to be bound by the terms and conditions of the PDS, supplementary
PDS and the Constitutions (as amended);
Your Company Seal goes here.
• I/We confirm that I/we received and accepted this offer in Australia and I am/we are residents of Australia.
• I/We acknowledge that where this PDS was received by me/us or my/our agent from the internet or by other
electronicmeans, that I/we received it personally, or a paper print out of it, accompanied by or including this
Application Form.
• I/We acknowledge that Nikko Asset Management Co., Ltd. and its subsidiaries and related companies (including SIM)
do not guarantee the repayment of capital or the investment performance of any of the Funds.
• I/We acknowledge that an investment in the Funds is not a bank deposit or other bank liability and is subject to investment risk including possible delays in
repayment and loss of income and principal invested.
• I/We agree to release and indemnify SIM, against all actions, claims, costs and demands and losses, arising from or in any way relating to, SIM in good faith
accepting or acting on any instructions (including any instructions to switch or withdraw investments) received by facsimile transmission which are, or are
purported to be, signed by me/us (or any person authorised to sign any such instructions) or by emails sent, or purported to be sent, from me/us.
• By signing this application, I/we agree to SIM collecting, using and disclosing my/our personal information, including sensitive and health information if
applicable, in accordance with the Privacy Statement included in this Application Form and the SIM Privacy Policy.
• I/We confirm that if investing as trustee, on behalf of a trust, I/we are acting in accordance with my/our powers and authority under the trust deed.
Before signing, applicants should read the PDS and the supplementary PDS in their entirety. Each applicant must sign this Application Form.
If you are signing under Power of Attorney, you must attach a certified copy of the Power of Attorney. Applications by a trustee/s must be
signed by each trustee.
Signature Investor No. 1:
Print Name:
Date (dd/mm/yyyy):
/
/
Print Name:
Date (dd/mm/yyyy):
/
/
SECTION 9 – ADVISER’S SECTION
Name:
Referred by (if applicable):
Adviser Number:
Referrer Adviser Number (if applicable):
Branch Number (if applicable):
Referrer Branch Number (if applicable):
Business Phone:
Signature:
• Please Rebate _____% of my initial commission to the investor/s as additional units. (Full rebate = 100%)
SECTION 10 – CHECKLIST
• Is the application fully completed and signed by all investors?
• Have the TFN details sections been correctly completed?
• Have the correct Fund/s been nominated?
• If the Monthly Savings Plan has been selected, has the Direct Debit Request Form been completed?
• Has a non-negotiable cheque been provided for the total amount of the investment and attached to this application form?
• Have you attached appropriate documentation where indicated in sections 5 and 6?
Please post your Application Form together with your cheque and proof of identity documents to:
GPO Box 1453
Brisbane Qld 4001
If we do not receive a fully completed application form, required documentation and a non-negotiable cheque your
application will not be processed until all documents are received by Suncorp.
Investment Funds
15
This page has been left blank intentionally.
16
Direct Debit Request Form (“DDR Form”)
REQUEST FOR DEBITING AMOUNTS TO ACCOUNTS BY THE DIRECT DEBIT SYSTEM
GPO Box 1453
BRISBANE QLD 4001
Direct User Number: 063730
1. CUSTOMER DETAILS
I/We,
Surname or Company Name:
Given Name/s:
Authorise and request the Debit User, SIM Funds Management Limited (User No 063730), to debit my/our account via the Bulk Electronic Clearing System from
time to time in accordance with the instructions detailed below and or on the terms set out in the DDR Service Agreement (see page 44).
I/We have read and understand the information in the DDR Service Agreement contained in the PDS with an effective date of 30 June 2006.
Signature:
Print Name:
Date (dd/mm/yyyy):
/
/
Date (dd/mm/yyyy):
/
/
Print Title:
Signature:
Print Name:
Print Title:
(If joint account, all signatures may be required.)
Address:
State:
Postcode:
2. BANK AND ACCOUNT DETAILS
Branch Address:
BSB Number:
Account Number:
Commencement Date (dd/mm/yy):
15/
/20
Note: Check with your financial institution that the account that you have nominated is compatible with the Direct Debit System.
For example some passbook accounts are not compatible with the Direct Debit System.
Investment Funds
17
18
By completing this form, you acknowledge that you have received and read all parts of this PDS, including the
Supplementary PDS issued 2 March 2011.
Additional Application Form
Issued by SIM Funds Management Limited
Dated: 2 March 2011
ABN: 31 068 147 651
Please use CAPITAL letters and ✓ boxes where needed.
Investment Number:
Date of Birth:
Investment Name/s:
Contact Details:
Street No. and Name or PO Box:
Suburb:
State:
Mobile Number:
Postcode:
Email:
SECTION 2 – CONTRIBUTION DETAILS
Entry Type
Initial Deposit
– Lump Sum
Additional
Deposit
Savings Program**
Monthly
Contribution Amount
Contribution Fee
$2,000
$1,000
$100
$100
$2,000
$1,000
n/a
n/a
Contribution Fee
Fund
Investment ($)
Amount
Monthly
Savings Plan**
$ per month
Distribution
Type* – Reinvest
(tick)
Distribution Type*
– Paid to
Account (tick)
Distribution***
– Fixed Payment
$
$
n/a
Growth Fund
$
$
n/a
$
$
n/a
Conservative Fund
$
$
$
Global Shares Fund
$
$
n/a
Balanced Fund
$
$
n/a
Imputation Fund
$
$
n/a
Total Investment
$
Investment Funds
19
Fund
Investment ($)
Amount
Distribution
Type* – Reinvest
(tick)
Distribution Type*
– Paid to
Account (tick)
Distribution***
– Fixed Payment
$
$
n/a
Growth Fund
$
$
n/a
$
$
n/a
Conservative Fund
$
$
$
Global Shares Fund
$
$
n/a
Balanced Fund
$
$
n/a
Imputation Fund
$
$
n/a
Cash Fund
$
$
n/a
Total Investment
$
***Distribution – If you are investing at least $20,000 into the Suncorp Conservative Fund, you may utilise the Fixed Payment Plan.
Please tick this box if you wish to have your monthly Savings Plan amount increased in line with the Consumer Price Index All Groups Australia (“CPI”)
each year. Indexation occurs in July, based on the annual percentage movement in the CPI to March of the same year.
SECTION 3 – CHANGE OF FINANCIAL INSTITUTION DETAILS
Branch Address:
BSB Number:
20
Account Number:
Your privacy is very important to us and we have always believed that it should be protected.
The Privacy Act 1988 (‘Privacy Act’) requires us to have procedures in place to cover the collection, use and disclosure of personal information we may hold about
individual investors.
We need to collect personal information about you for the purpose of providing investment services including:
• assessing and deciding whether to accept your application for investment
• implementing any changes or amendments to your investment
• administering and managing your investment
• paying income distributions relevant to your investment
• processing redemptions from your investment.
We are also required to collect personal information to meet the requirements of taxation law and to meet the requirements of anti-money laundering and
counter terrorism-financing legislation.
We only ask for information that is necessary for the purposes outlined in this statement. If you do not provide us with requested information, we may not be
able to provide investment services to you.
We will only disclose your personal information to people or organisations for the purposes outlined in this statement.
SIM Funds Management Limited (‘SIM’) is a wholly owned subsidiary of Nikko Asset Management Co., Ltd (‘Nikko AM’). We do not disclose personal information
to any outside third party organisation, unless it is contracted to SIM or Nikko AM to provide administrative services or activities relating to your investment on
our behalf. In this case, we make sure that the third party is bound by the same privacy rules we follow.
Such third parties may include:
• your adviser
• mailing houses
• the custodian and/or administrator
• legal and other professional advisers, and
• government departments.
Sometimes, SIM might use your personal information provide you with additional information about the benefits of your investment, or to let you know about
other products and services that we or other related companies provide.
You can:
• request access to and update the personal information we hold about you
• get more information about SIM or Nikko AM, or
• obtain a copy of SIM’s Privacy Policy
by calling 13 11 55.
I/We have read the Suncorp Investment Funds PDS with an effective date of 30 June 2006 and the supplementary PDS
with an effective date of 2 March 2011 and agree to be bound by the terms and conditions of the PDS, supplementary
PDS and the Constitutions (as amended);
• I/We acknowledge that where this PDS was received by me/us or my/our agent from the internet or by other
electronicmeans, that I/we received it personally, or a paper print out of it, accompanied by or including this
Application Form.
• I/We acknowledge that Nikko Asset Management Co., Ltd. and its subsidiaries and related companies (including SIM)
• I/We acknowledge that an investment in the Funds is not a bank deposit or other bank liability and is subject
to investment risk including possible delays in repayment and loss of income and principal invested.
• I/We agree to release and indemnify SIM, against all actions, claims, costs and demands and losses, arising from or in any way relating to, SIM in good faith
accepting or acting on any instructions (including any instructions to switch or withdraw investments) received by facsimile transmission which are, or are
purported to be, signed by me/us (or any person authorised to sign any such instructions) or by emails sent, or purported to be sent, from me/us.
• By signing this application, I/we agree to SIM collecting, using and disclosing my/our personal information, including sensitive and health information if
applicable, in accordance with the Privacy Statement included in this Application Form and the SIM Privacy Policy.
• I/We confirm that if investing as trustee, on behalf of a trust, I/we are acting in accordance with my/our powers and authority under the trust deed.
Before signing, applicants should read the PDS and the supplementary PDS in their entirety. Each applicant must sign this Additional
Application Form. If you are signing under Power of Attorney, you must attach a certified copy of the Power of Attorney. Applications by a
trustee/s must be signed by each trustee.
Print Name:
Date (dd/mm/yyyy):
/
/
Print Name:
Date (dd/mm/yyyy):
/
/
Investment Funds
21
Name:
Adviser Number:
Business Phone:
Signature:
22
Investment Funds
23
18757 02/03/11 A
Contents
Summary of Features
Suncorp Wealth Management
Suncorp Investment Management
The benefits of wealth creation and protection
Contact details for the Fund
Managed Funds Overview
What is a managed fund?
The four main asset classes
Understanding investment risk
Which Fund is best suited to you
Managing investment risk by diversifying your investments
Understanding your investment profile
Investment Options
Suncorp Cash Fund
Suncorp Income Fund
Suncorp Growth Fund
Management of your Account
Establishing and transacting on your account
Additional features
Receiving income
How are your transactions processed?
Fees and Other Costs
Consumer Advisory Warning
Fees and costs table
Example of annual fees and costs for a balanced investment option
Withdrawal fee for Nil Contribution Fee option – worked example
Additional explanation of fees and costs
Additional Information
Investment information
Performance calculations
Information on your investment
Taxation information
Registration of the Funds
Constitution
Authorised agent
Compliance Plan and Compliance Committee
Socially responsible investing
Disclosing entities
Disclosure of interest
Frequently Asked Questions
Complaint and Dispute Resolution
The Application Form
Direct Debit Request Form
The Additional Application Form
4
5
5
5
6
6
7
7
7
7
8
9
9
10
11
12
13
14
15
16
17
18
19
20
21
21
22
23
24
25
25
26
27
27
28
29
29
29
29
30
30
31
31
31
31
32
32
33
34
36
Investment Funds
3
Summary of features
Investment options
Fund details are on pages 11–20
Diversified Funds
Suncorp Income Fund
Suncorp Growth Fund
Single Sector Funds
Suncorp Cash Fund
Suncorp Investment Funds offer investors the choice of a Contribution Fee option or a Nil Contribution Fee option
on all Funds except the Cash Fund, which is Nil Contribution Fee only.
Features
Explanation of features available on pages 21–22
Minimum
Payment Method
Initial Investment
$2,000 per Fund
(or $100 under the Monthly Savings Plan)
Cheque
Additional Investment
$1,000 per Fund
(or $100 under the Monthly Savings Plan)
Cheque
Withdrawal
$1,000 per Fund
Cheque/Nominated account
Switching
$1,000 per Fund
n/a
Balance
$1,000 per Fund
n/a
Monthly Savings Plan
$100 per month per Fund
(only available on Contribution Fee Option for each Fund)
Initial payment by cheque.
Ongoing payment via Direct Debit
Fixed Payment Plan
$20,000 initial investment
(only available for investments in the Suncorp
Income and Suncorp Conservative Funds)
$200 payment per quarter for the
$70 payment per month for the Suncorp Income Fund
Cheque
Transfer to an account nominated by you
Distribution options
Distribution details are on page 23
Payment Options
Transferred to an account nominated by you or reinvested back in the Fund
Frequency
Monthly, quarterly, or half yearly depending on the Fund
Who can invest?
Individuals over 18 years old
Companies
Incorporated bodies (eg: strata bodies corporate, trade unions and some social or sporting associations)
Trustees, including trustees of self managed super funds, unincorporated bodies and deceased estates
Who can not invest?
Overseas residents – Investment in the Fund is only available to a person receiving the PDS in Australia who is an
Australian resident at the time of application. The Fund is not available to applications from foreign residents as the
Fund may not comply with foreign laws.
4
The Suncorp Group comprises Australia’s 6th largest bank and ranks in
the top 4 general insurance groups*. Suncorp-Metway Limited, the parent
company in the Suncorp Group, ranks in the top 25 Australian listed
companies in terms of market capitalisation.
The Suncorp Group provides financial solutions for individuals and
businesses. Its diverse range of products and services, which include
banking, insurance, wealth management, superannuation and financial
planning, are provided through various companies in the Suncorp Group.
Customers can access services through a network of retail branches
and agencies, as well as via the Internet and telephone.
*Source: KPMG Financial Institutions Surveys (Major and Regional Banks) 2005,
General Insurance Industry Survey 2005.
Suncorp Wealth Management
The Suncorp Wealth Management division covers life insurance,
superannuation and managed investments. This division also includes the
funds management activities of Suncorp Investment Management (“SIM”).
Products and services provided for Suncorp Wealth Management’s retail
consumers and small businesses include superannuation (personal,
allocated pensions and employer sponsored), managed investments
(unit trusts and Investor Directed Portfolio Services), life insurance
(term life, trauma and income protection) and financial planning advice.
Suncorp Investment Management
Investment Management Expertise
The investment management of the Suncorp Investment Funds is
conducted by SIM. SIM is a business name owned and operated by
SMIML. SIM is an investment manager with approximately $12.3 billion
in funds under management (as at 31 December 2005), and over
40 investment professionals.
SIM’s Investment Style is their Strength
Measuring Performance
How can you tell if the professional management of SIM is
meeting the investment objectives for each of the Funds?
The answer is simple. You can compare each Suncorp Investment Fund’s
return against the neutral benchmark return for a given period.
The performance of the five single sector Funds are benchmarked against
a specific index constructed of the relevant asset class. For example the
Suncorp Australian Shares Fund benchmarks its performance against the
S&P/ASX 200 Accumulation Index.
For the four diversified Funds however, there is no one relative index to
benchmark against. Therefore we construct a Performance Index based
on the neutral asset benchmark weight for each Fund.
For example the Performance Index for the Suncorp Balanced Fund
is constructed using:
• 25% of the Australian Shares Index
• 15% of the Overseas Shares Index
• 10% of the Listed Property Index
• 20% of the Australian Fixed Interest Index
• 10% of the Overseas Fixed Interest Index
• 20% of the Cash Index
The weightings are taken from the neutral benchmark position
of the Suncorp Balanced Fund. The neutral benchmark position for
all the diversified Funds can be found on pages 14-16 of this PDS.
The table below contains details of the indices that we use as
a benchmark for the performance of each asset class. The indices
we use may change over time.
Asset Class Indices
Asset Class
Market Index as at 31 Dec 2005
Cash
UBSA Bank Bill Index
• SIM believes that it can deliver better investment returns than strictly
relying on benchmark returns. In aiming to achieve superior returns,
SIM may take positions in the Fund from time to time that deviate
from the neutral benchmark position (refer Asset Class Indices table),
through asset allocation and stock selection.
Mortgage backed securities
UBSA Bank Bill Index
Australian fixed interest
UBSA Composite Bond Index
Overseas fixed interest
JP Morgan Global Bond Index
Ex-Australia Hedged in AUD
• Research is not an art, but a science. SIM’s investment decisions are
supported by detailed analysis of the securities and the key financial
markets, with an eye on the global perspective.
Australian shares
S&P/ASX 200 Accumulation Index
Overseas shares
Morgan Stanley Capital International
(MSCI) World Index ex Australia
(with net dividends reinvested)
expressed in AUD (unhedged)
Listed property
S&P/ASX 200 Property Trusts
Accumulation Index
• Risks are managed. There’s no gain without possible pain, but SIM applies
strict risk controls to minimise the exposure to downside risk. SIM uses
processes that ensure the strategies it adopts for the Fund take into
account potential risks to the Fund.
Investment Funds
5
The benefits of wealth creation and protection
Contact details for the Fund
‘Wealth creation’ involves saving and investing your money in order
to achieve specific financial and lifestyle goals. Your goals might include
growing your capital and generating regular income. It may also include
protecting what you already have.
Phone
Client services on 1800 067 732 8am to 5pm
(Queensland time, Monday to Friday
on a Queensland business day.)
Fax
Client services on (07) 3362 2905
There are many strategies and financial products you can use to
create wealth, including superannuation and managed investments.
You can also invest directly in shares, property, fixed interest and cash.
Mail
Suncorp Investment Funds (LS035),
GPO Box 1453, Brisbane, QLD 4001
E-mail
[email protected]
Internet
suncorp.com.au
Likewise, there are many life insurance products such as term life, trauma
and income protection insurance to help protect your wealth against
unforeseen events.
The right approach to wealth creation and protection varies from person
to person but the fundamentals remain the same – setting goals and
putting together a plan to ensure they are met.
A properly accredited adviser can help you design a plan that
is right for you, based on your personal situation, your goals,
needs and objectives.
6
Managed Funds overview
What is a managed fund?
The four main asset classes
The Suncorp Investment Funds are managed funds. They are investment
vehicles that enable you and other people to pool your money for
investment purposes. These pools of money are managed by SMIML
and used to buy assets according to the investment objectives
of each particular Fund.
Cash
While investments in a managed fund are pooled, you still have
substantial control over your own money. Your investment buys units
in the Fund, and those units are yours to withdraw, transfer or add to.
Fixed Interest
Cash investments generally refer to investments in bank bills and similar
securities which have a short investment timeframe. Cash investments
generally provide a stable return, with low potential for capital loss.
Fixed interest securities, including bonds, represent loans to borrowers such
as governments, banks and companies. In return for the loan, the borrower
generally pays a pre-determined rate of interest for an agreed term. When
this term has expired, the fixed interest security may be redeemed for cash.
Before a fixed interest security reaches its maturity date, its value can
fluctuate based on interest rate movements. Historically, fixed interest
securities have provided a more consistent but lower return than shares.
The return you receive from a managed fund generally comes in two
forms. First, there are income distributions, usually paid monthly, quarterly
or half-yearly depending on the Fund. You can have these distributions
paid to you or, if you don’t need the income immediately, you can reinvest
it to buy more units in the Fund. The second component of your return
is capital growth. If the value of the Fund’s investments rises, then the
value of your units goes up.
Property
A managed fund that invests in property can do so indirectly by buying
shares in property companies and trusts listed on the stock exchange.
The money can be invested into shopping centres, office towers, hotels
and factories. Like residential property, these investments provide income
in the form of rent. There is also the potential for capital growth if the value
of the property increases. Some property trusts may also invest in unlisted
property investment vehicles such as private equity vehicles, mortgage
securities and mortgage trusts. Historically, property related investments
are less volatile than shares. However, they are influenced by economic
conditions and events that affect the overall sharemarket.
The Funds gain exposure to underlying assets such as Australian shares,
overseas shares, listed property trusts, cash and fixed interest securities
via investments into the Suncorp Investment Management Trusts (SIMTs).
The performance of the Funds will consequently reflect movements
in these SIMTS.
The Suncorp Income Fund and the Suncorp Conservative Fund may
also gain exposure to fixed interest securities via direct investments
in the market.
Shares
Shares are units of ownership in a company. If the company performs well,
the company will generally pass on some of its earnings to shareholders in
the form of dividends. Shareholders can also benefit from capital gains if
the share price of the company rises. Historically, shares have delivered the
best returns of the major asset classes over the long term. However, they
also carry more risk than other investments because share prices fluctuate
in response to many factors, such as company profits, industry trends,
market sentiment and economic factors.
The following table illustrates the returns of the major asset classes over
the last 10 years.
Rolling 12 month returns for Major Asset Classes (January 1996-December 2005)*
70%
60%
50%
40%
30%
20%
10%
0%
-10%
-20%
-30%
-40%
Jan
’96
Aug
’96
Cash
Mar
’97
Oct
’97
May
’98
Australian Fixed Interest
Dec
’98
Jul
’99
Feb
’00
Australian Shares
Sep
’00
Apr
’01
Nov
’01
Jun
’02
Overseas Fixed Interest
Jan
’03
Aug
’03
Mar
’04
Listed Property
Oct
’04
May
’05
Dec
’05
Overseas Shares
* Past performance can not be taken as an indication of future performance.
Future performance may vary widely from the returns shown here.
Investment Funds
7
Rolling 12 month Returns (Ranges and Averages) (January 1996 – December 2005)
60%
55%
50%
45%
40%
35%
30%
Annual Return (%)
The graph right shows
the maximum and minimum
rolling one-year returns for
each of the asset classes over
the last 10 years. The average
long term return figure over
the 10 year period for each
asset class is also displayed
in the centre of each column.
25%
20%
15%
13.62%
10%
5%
8.86%
7.98%
Overseas Fixed
Interest
Australian Fixed
Interest
8.82%
12.51%
5.68%
0%
-5%
-10%
-15%
-20%
-25%
-30%
-35%
Cash
Listed Property
Range of annual returns
Australian Shares
Overseas Shares
Average long term – term return (pa)
Understanding investment risk
Before you consider your investment strategy, it is important that
you understand the risks that can affect your investment.
All investments are subject to risk. This means that you can lose money
on your investments or that they may not meet your objectives.
Market Risk
This risk relates to events that may occur which have a negative effect
on the price of all types of investments in a particular market, for example
the stock market for shares or the bond market for fixed interest securities.
Events that can influence markets include legal and economic policy,
political activity, investor sentiment, technological development or failure,
and world events.
Asset Risk
Asset risk is the risk inherent in each of the major asset classes
(shares, listed property, fixed interest and cash) offered within the
Suncorp Investment Funds. It is important to understand the risks
involved within each asset class as it will help you to understand
the risk inherent in each investment option.
The following table shows the frequency with which each asset class
provided a positive or negative rolling 1-year return on a monthly basis
for the last ten years. This can be used as an indication of the volatility
within each asset class.
Asset Class*
No. of Positive
Returns
No. of Negative
Returns
Cash
120
0
Overseas fixed
interest
119
1
Australian fixed
interest
116
4
Listed property
116
4
Australian shares
105
15
Overseas shares
87
33
*The current index used to measure each asset class is disclosed on page 5.
8
Inflation Risk
Understanding Investment Risk
The risk that the purchasing power of your investment may not keep pace
with inflation. This may occur if your investment is providing a net after-tax
return less than the inflation rate.
The relationship between risk and return is often referred to as the
‘risk-return trade-off’. Generally, investments that have the potential for
high returns are also more volatile over the short term and are considered
more risky. Conversely, investments that provide a lower rate of return
are generally less volatile. An acceptable level of risk depends on your
specific circumstances and we suggest you consult your adviser to help
you determine your risk tolerance. You can also refer to page 10 for
more information.
Regulatory Risk
The risk of government policy, regulatory or legislative changes, which could
impact on taxation, social security and reporting requirements. This risk may
also apply to overseas investments as changes of government policy may
determine whether funds can be withdrawn from an overseas country.
Strategy Risk
The risk an investment strategy may no longer be appropriate for
you because of the impact of legislative and other changes on your
financial circumstances or objectives. This is why you should review
your investments regularly.
The Use of Derivatives
Each Fund is able to hold derivatives. Derivatives can be used as an
alternative to the purchase of a physical asset or they can be used
as a risk management tool to protect portfolios from anticipated
negative investment returns.
Holding derivatives can result in significant gains or losses depending
on the movement in the value of the underlying investment.
Please talk with your adviser if you would like more information.
Which Fund is best suited to you?
Setting Goals
The first step in any financial plan is to set clear and realistic financial
and lifestyle goals. Goals provide a sense of direction and ensure you
do not leave too much to chance.
Your goals should also help you work out an effective investment strategy
and guide you in selecting the appropriate assets. In particular, your goals
will help you determine how much you need to invest each year and the
level of return you should be striving to achieve.
Identifying Your Investment Timeframe
Your investment timeframe is the number of years you have before you
reach your goals. Some assets, like shares, perform better over a longer
timeframe; while others, like cash, are more suited to very short terms.
Therefore, by knowing your investment timeframe you can select assets
that are suited to your situation.
Please note that statements about performance are based on historical
data. Past performance or trends are no guarantee of what happens
in the future.
Know Your Risk Tolerance
All investments carry varying degrees of risk. As an investor, it’s vital that
you understand the risks of a particular investment and assess whether
you are willing to take on those risks. Understanding your tolerance to risk
will help you choose investments with risk profiles that are suited to you.
Matching Investments to Your Investment Timeframe
Selecting the investments that best match your needs and timeframe
is critical in managing risk. If you are mainly concerned about protecting
your capital over a relatively short period of time (one to three years), then
a secure cash-based or fixed interest investment may be suitable. However,
if you want the value of your investment to increase significantly over
longer periods, then including growth assets like shares and property may
be appropriate. It’s important to note that growth assets also have the
highest chance of providing negative returns over short terms.
Investment Timeframes
We have suggested minimum investment timeframes for the Funds.
However, when considering your choices, you should always take into
account your personal circumstances, goals and risk tolerance. We also
suggest that you regularly review your investment strategy with your adviser
because your circumstances and market conditions may vary over time.
Managing investment risk by diversifying
your investments
One of the best ways to reduce investment risk is to diversify; that is,
not to put all your eggs in one basket. There are several ways in which
you can diversify as explained below. The key principle is that you
are spreading your risk so at any given time when one investment
is performing poorly its impact on the overall portfolio may be offset
by the good performance of other investments.
Key Ways to Diversify
• Within an asset class – by investing in a range of investments within
an asset class your investment is less dependent on the performance
of a single asset. For example, you could invest in a number of different
companies in a range of sectors or industries rather than invest only
in one company.
• Across asset classes – by investing in all or a number of the main asset
classes - cash, fixed interest, property and shares – your investment can
be spread across different sectors to reduce the impact of ups and downs
(volatility) in any one single asset class.
• Across different regions – by investing in overseas markets you can invest
in global companies and access sectors not readily available in Australia.
Suncorp Investment Funds offer a range of investment options that allow
you to diversify your investments in the ways outlined previously.
Investment Funds
9
Understanding your investment profile
What is your Risk Comfort Level?
There is a relationship between the amount of risk that you are willing to take and the potential return you may receive on your investments.
In general, investments which potentially earn higher long-term returns (eg.shares) carry the highest risk. The rate of the return may vary, and the value
of the investment (the capital value) can rise and fall. For investments that generally earn lower returns (eg. fixed interest investments and cash) the capital
value may fluctuate to a lesser extent.
The following table provides a general guide to matching Risk Comfort Levels of broad investor types to asset mixes. For more information in relation
to specific risks associated with investing please refer to pages 7-9 of this PDS.
Risk Comfort
Level
Investor Type
Investment
Timeframe
Investor Requirements
Typical Asset Mix
1
Conservative
up to 2 years
May suit investors seeking to preserve
capital and generate mainly income returns
Significant exposure to cash and Australian
and overseas fixed interest securities. Very
little exposure to growth assets such as
shares and property
2
Moderately
Conservative
2-4 years
May suit investors seeking relatively
stable income returns with some capital
growth potential
Mainly cash and fixed interest with
some investment in growth assets
(generally up to 50%)
3
Balanced
4-5 years
May suit investors seeking a balance of
income and capital growth returns from
a well-diversified portfolio
A balance between defensive assets such as
cash or bonds, and growth assets (generally
up to 70% exposure to growth assets)
4
Growth
5-10 years
May suit investors seeking returns
predominantly from capital growth
Significant exposure to growth assets
(generally up to 85%) with some
diversification across asset classes
5
High Growth
5-10 years
May suit investors seeking significant
capital growth over the longer term
Up to 100% invested in growth assets, with
little or no diversification across asset classes.
The assets are typically concentrated on a
single sector such as shares or property
This graph illustrates the expected risk / return outcome
for each of the investor types mentioned above.
Risk / Return profile
High Growth
Return
Growth
Balanced
Moderately Conservative
Conservative
Risk
10
Investment options
Fund Summary1
Fund
Suggested
Investment
Timeframe2
Income
Potential
Growth
Potential
Risk
Comfort
Level
Income
Distribution
Frequency
Ongoing
Fee3
Fund Size
(as at 31/12/05)5
Fund
Commencement
Date4
Suncorp
Cash Fund
No Minimum
Moderate
Very Low
1
March, June,
September,
December
0.80%
$1.3 million
20 May 2002
Suncorp
Income
Fund
2 years
Moderate
Low
2
Monthly
1.25%
$25.6 million
17 April 2000
Suncorp
Conservative
Fund
3 years+
Moderate
LowModerate
2
March, June,
September
December
1.95%
$194.8 million
23 February 1996
Suncorp
Balanced
Fund
5 years
Moderate
Moderate
3
March, June,
September
December
1.95%
$36.4 million
15 May 2003
Suncorp
Growth
Fund
5-7 years
Low
High
4
June,
December
2.00%
$219.5 million
23 February 1996
Suncorp
Property
Growth
Fund
5-7 years
Moderate
High
5
June,
December
1.95%
$20.0 million
23 February 1996
Suncorp
Imputation
Fund
5-7 years
Moderate
High
5
March, June,
September,
December
1.95%
$42.2 million
14 April 2003
Suncorp
Australian
Shares Fund
5-7 years
Low
High
5
June,
December
1.95%
$68.0 million
23 February 1996
Suncorp
Global
Shares Fund
5-7 years
Low
High
5
June,
December
2.15%
$8.3 million
3 May 2001
1. Fund details may change in the future.
2. The suggested investment timeframe is a guide only and indicates the timeframe for these particular Funds. You should review your investment
in the Funds on a regular basis to ensure it continues to meet your investment needs.
3. The ongoing fee is net of GST and the reduced input tax credit (“RITC”). The ongoing fee is discussed in more detail on page 26.
4. Fund commencement date is the date the first unit was issued in the Fund.
5. Fund size represents net assets attributable to unit holders as calculated under the Australian equivalents to International Financial Reporting Standards (AIFRS).
Investment Funds
11
Suncorp Cash Fund
Risk Comfort Level
2
3
4
5
Asset Allocation (as at 31 December 2005)
Fund Summary
Investment Objective
Suggested Investment
Timeframe3
No Minimum
The objective of this Fund is to provide a stable
income stream.
Income Potential
Moderate
The Fund aims to outperform (before ongoing fees)
the UBSA Bank Bill Index.
Growth Potential
Very low
Who Should Invest
The Fund is designed for investors who desire:
Income Distribution
Frequency
March, June, September,
December
1
Cash
5.20%
Short Term Bonds
8.04%
Mortgage Backed
Securities
18.83%
Promissory
Notes
39.07%
• Security, with returns superior to a bank account;
• Quick and convenient access to funds; and
Ongoing Fee4
0.80%
• A short-term parking vehicle before investing
Floating Rate
Notes
28.86%
in other asset classes.
Fund Size
(as at 31 December 2005)6
$1.3 million
For more information about managing risk and understanding
your investment profile please see pages 8-10.
Fund Commencement Date5
20 May 2002
Performance1 (as at 31 December 2005)
Performance Graph1
(as at 31 December 2005)
1 year
% pa
3 years
% pa
5 years
% pa
Distribution
4.64
4.86
n/a
Growth
0.63
0.13
n/a
Total
5.27
4.99
n/a
Benchmark2
5.74
5.42
n/a
Value of a $10,000 investment as at 31 December 2005
$12,000
$11,800
This graph shows the value
of $10,000 invested in the
Suncorp Cash Fund since
May 2002.
$11,600
$11,400
$11,200
$11,000
$10,800
$10,600
$10,400
$10,200
May-02
Jun-02
Jul-02
Aug-02
Sept-02
Oct-02
Nov-02
Dec-02
Jan-03
Feb-03
Mar-03
Apr-03
May-03
Jun-03
Jul-03
Aug-03
Sept-03
Oct-03
Nov-03
Dec-03
Jan-04
Feb-04
Mar-04
Apr-04
May-04
Jun-04
Jul-04
Aug-04
Sept-04
Oct-04
Nov-04
Dec-04
Jan-05
Feb-05
Mar-05
Apr-05
May-05
Jun-05
Jul-05
Aug-05
Sept-05
Oct-05
Nov-05
Dec-05
$10,000
Suncorp Cash Fund
1
2
3
12
4
5
6
Performance figures are based on Nil Contribution Fee units and are calculated using hard close end of month unit prices as defined in IFSA Standard 6.0,
available from the IFSA website at www.ifsa.com.au. The performance figures are net of the ongoing fee and nominal transaction and banking costs at the
Suncorp Investment Management Trust level (refer to page 28 for further details on indirect costs). The figures do not include entry or exit fees or any taxation
consequences and assume that all distributions are reinvested in the Fund. Past performance cannot be taken as an indication of future performance,
which may vary widely from returns shown here.
Please note that benchmark performance is gross of tax and fees.
The suggested investment timeframe is a guide only and indicates the timeframe for these particular Funds. You should review your investment
The ongoing fee is net of GST and RITC. The ongoing fee is discussed in more detail on page 26.
Fund commencement date is the date that the first unit was issued in the Fund.
Fund size represents net assets attributable to unit holders as calculated under AIFRS.
Suncorp Income Fund
Risk Comfort Level
The objective of this Fund is to provide a relatively stable,
monthly income stream.
The Fund aims to outperform the Performance Index
(before ongoing fees) over rolling two-year periods
(refer to “Investment Guidelines” below for details
regarding the Performance Index).
Who Should Invest
2
3
4
5
Fund Summary
1 year
% pa
3 years
% pa
5 years
% pa
Timeframe3
2 years
Distribution
5.26
4.59
4.06
Income Potential
Moderate
Growth
-0.38
0.26
0.18
Total
4.88
4.85
4.24
Benchmark2
5.97
5.39
5.31
Growth Potential
Low
Income Distribution
Frequency
Monthly
The Fund is designed for investors who:
Ongoing Fee4
1.25%
• Require a monthly income stream with a higher
potential for income than a term deposit;
Investment Guidelines
• Have a short to medium (2 years) investment
time frame; and
The Performance Index is constructed using the Neutral
Benchmark allocation shown below and the Asset Class
Indices shown on page 5. The Neutral Benchmark and Asset
Range are subject to periodic review. We reserve the right
to amend the guidelines.
• Are comfortable with small levels of volatility
in their investment.
For more information about managing risk and
understanding your investment profile please
see pages 8-10.
Performance Graph1
1
Asset Class
Neutral Benchmark
Asset Range
Australian
Fixed Interest
90%
80%–100%
Cash
10%
0%–20%
Overseas
Fixed Interest
0%
0%–20%
Fund Size
$25.6 million
17 April 2000
$13,000
$12,500
$12,000
$11,500
$11,000
$10,500
$10,000
Dec-05
Apr-05
Aug-05
Dec-04
Apr-04
Aug-04
Dec-03
Apr-03
Aug-03
Dec-02
Aug-02
Apr-02
Dec-01
Aug-01
Apr-01
Dec-00
Aug-00
$9,500
Apr-00
This graph shows the growth
Suncorp Income Fund
(Contribution Fee Option)
since April 2000.
Suncorp Income Fund
1
2
3
4
5
6
Performance figures are based on Contribution Fee units and are calculated using hard close end of month unit prices as defined in IFSA Standard 6.0,
available from the IFSA website at www.ifsa.com.au. The performance figures are net of the ongoing fee and nominal transaction and banking costs
at the Suncorp Investment Management Trust level (refer to page 28 for further details on indirect costs). The figures do not include entry or exit fees
or any taxation consequences and assume that all distributions are reinvested in the Fund. Past performance cannot be taken as an indication
of future performance, which may vary widely from returns shown here.
Investment Funds
13
Risk Comfort Level
1
2
3
4
5
Fund Summary
Timeframe3
3 years +
The objective of this Fund is to provide a quarterly income
stream while obtaining some level of capital growth over
the medium term.
Income Potential
Moderate
(before ongoing fees) over rolling three year periods
Growth Potential
Low – Moderate
Income Distribution
Frequency
December
Asset Class
Neutral Benchmark
Asset Range
Australian
Shares
15%
5%-25%
Overseas
Shares
5%
0%-10%
Property
10%
0%-20%
• Have an investment time frame of 3 years or more; and
Total Growth
30%
10%-40%
• Feel comfortable with some volatility in their investment.
Australian
Fixed Interest
70%
50%-90%
Overseas
Fixed Interest
0%
0%-10%
Cash
0%
0%-40%
Total Income
70%
60%-90%
Who Should Invest
Ongoing Fee4
1.95%
• Desire a regular income stream with a higher potential
for income and growth than a term deposit;
Fund Size
$194.8 million
23 February 1996
For more information about managing risk and understanding
your investment profile please see pages 8-10.
Performance (as at 31 December 2005)
1
1 year
% pa
3 years
% pa
5 years
% pa
Distribution
6.64
5.14
4.36
Growth
1.70
2.40
0.93
Total
8.34
7.54
5.29
Benchmark2
9.74
9.07
6.73
Performance Graph1
of $10,000 invested in
the Suncorp Conservative Fund
since February 1996.
$20,000
$19,000
$18,000
$17,000
$16,000
$15,000
$14,000
$13,000
$12,000
$11,000
$10,000
1
2
3
14
4
5
6
Performance figures are based on Contribution Fee units and are calculated using soft close end of month unit prices as defined in IFSA Standard 6.0,
or any taxation consequences and assume that all distributions are reinvested in the Fund. Past performance cannot be taken as an indication of future
performance, which may vary widely from returns shown here.
Dec-05
Mar-05
Jun-04
Sep-03
Dec-02
Mar-02
Jun-01
Sep-00
Dec-99
Mar-99
Jun-98
Sep-97
Dec-96
Mar-96
$9,000
Risk Comfort Level
1
2
3
4
Fund Summary
The objective of this Fund is to provide a modest level of
capital growth and income over a 5-year investment period.
Timeframe3
5 years
(before ongoing fees) over rolling 5-year periods
Asset Class
Who Should Invest
• Have an investment timeframe of 5 years; and
• Desire a balance of capital growth and income.
see pages 8-10.
1 year
% pa
3 years
% pa
5 years
% pa
Distribution
8.71
n/a
n/a
Growth
2.88
n/a
n/a
Total
11.59
n/a
n/a
Benchmark2
12.11
n/a
n/a
Performance Graph1
Neutral Benchmark
Asset Range
Australian
Shares
25%
10%-35%
Overseas
Shares
15%
0%-20%
Property
10%
10%-30%
Total Growth
50%
20%-60%
Australian
Fixed Interest
20%
10%-70%
Overseas
Fixed Interest
10%
0%-20%
Cash*
20%
0%-40%
Total Income
50%
40%-80%
5
Income Potential
Moderate
Growth Potential
Moderate
Income Distribution
Frequency
December
Ongoing Fee4
1.95%
Fund Size
$36.4 million
15 May 2003
*Investments in Cash may include up to a 5% investment in the Suncorp
Investment Management Global Macro Tactical Asset Allocation Trust
(“TAA Trust”). The TAA Trust aims to add extra return to the Fund by
strategically taking positions in a variety of asset classes. For example,
the TAA Trust may have more exposure to asset classes that are likely
to out-perform and less exposure to those likely to under-perform.
$13,600
$13,200
This graph shows the value
of $10,000 invested in
the Suncorp Balanced Fund
since May 2003.
$12,800
$12,400
$11,600
$11,200
$10,800
$10,400
$10,000
Dec-05
Oct-05
Aug-05
Jun-05
Apr-05
Feb-05
Dec-05
Oct-04
Aug-04
Jun-04
Apr-04
Feb-04
Dec-03
Oct-03
Aug-03
Jun-03
$9,600
1
2
3
4
5
6
Investment
Funds
15
Suncorp Growth Fund
Risk Comfort Level
1
2
3
4
5
Fund Summary
Timeframe3
5-7 years
The objective of this Fund is to provide strong capital growth
and some level of income over the long term by investing
in Australian and overseas shares, fixed interest securities
and other investments including listed property trusts.
Income Potential
Low
(before ongoing fees) over rolling five year periods
Growth Potential
High
Income Distribution
Frequency
June, December
Asset Class
Who Should Invest
Ongoing Fee4
2.00%
Fund Size
$219.5 million
• Desire long term capital growth through a diversified
portfolio of growth investments;
23 February 1996
• Have an investment time frame of 5-7 years; and
• Feel comfortable with considerable levels of volatility
understanding your investment profile please see pages 8-10.
1 year
% pa
3 years
% pa
5 years
% pa
Distribution
6.45
3.56
2.91
Growth
10.72
11.68
5.56
Total
17.17
15.24
8.47
Benchmark2
16.88
15.39
8.83
Performance Graph1
Neutral Benchmark
Asset Range
Australian
Shares
40%
30%-65%
Overseas
Shares
30%
5%-35%
Property
10%
5%-25%
Total Growth
80%
40%-95%
Australian
Fixed Interest
10%
5%-40%
Overseas
Fixed Interest
5%
0%-20%
Cash
5%
0%-20%
Total Income
20%
5%-60%
*Investments in Cash may include up to a 5% investment in the Suncorp
Investment Management Global Macro Tactical Asset Allocation Trust
(“TAA Trust”). The TAA Trust aims to add extra return to the Fund by
strategically taking positions in a variety of asset classes. For example,
the TAA Trust may have more exposure to asset classes that are likely
to out-perform and less exposure to those likely to under-perform.
$26,000
$24,000
Suncorp Growth Fund
$22,000
$20,000
$18,000
$16,000
$14,000
$12,000
$10,000
Suncorp Growth Fund
1
2.
3.
16
4.
5.
6.
Dec-05
Mar-05
Jun-04
Sep-03
Dec-02
Mar-02
Jun-01
Sep-00
Dec-99
Mar-99
Jun-98
Sep-97
Dec-96
Mar-96
$8,000
Risk Comfort Level
The objective of this Fund is to provide capital growth
over the long term by investing in listed property trusts
and companies that invest in property.
The Fund aims to outperform the S&P/ASX 200 Property
Trusts Accumulation Index (before ongoing fees) over
rolling 5-year periods.
Income Distribution
Frequency
June, December
Ongoing Fee4
1.95%
Diversified
Trusts
30.64%
Fund Size
$20.0 million
^ Other includes futures and listed companies where the majority of
earnings are derived from property ownership and related activities,
and any other stock that does not fall under the sectors indicated above.
23 February 1996
• Desire some tax effective income.
see pages 8-10.
Performance Graph1
5
Growth Potential
High
Retail
Trusts
45.24%
• Feel comfortable with considerable volatility in their
investment; and
4
Income Potential
Moderate
Who Should Invest
• Have an investment timeframe of 5 years or more;
3
Timeframe3
5 years +
Commercial
Trusts
9.59%
• Wish to achieve capital growth through a diversified
portfolio of Australian listed property trusts and listed
property companies;
2
Fund Summary
Cash and Other^
5.43%
Industrial
Trusts
9.10%
1
1 year
% pa
3 years
% pa
5 years
% pa
Distribution
7.18
4.25
3.80
Growth
4.22
11.29
10.33
Total
11.40
15.54
14.13
Benchmark2
12.50
17.34
15.66
$30,000
$28,000
$26,000
$24,000
$22,000
$20,000
$18,000
$16,000
$14,000
$12,000
$10,000
Dec-05
Mar-05
Jun-04
Sep-03
Dec-02
Mar-02
Jun-01
Sep-00
Dec-99
Mar-99
Jun-98
Sep-97
Dec-96
Mar-96
$8,000
1
2
3
4
5
6
Investment Funds
17
Risk Comfort Level
Fund Summary
Timeframe3
5-7 years
The objective of this Fund is to provide long-term capital
growth with some tax effective income by investing
in a broad selection of Australian companies.
Income Potential
Moderate
Income Distribution
Frequency
December
2
3
4
5
Cash and Other
Including Futures 1.90%
Rest of
Market
12.65%
The Fund aims to outperform the S&P/ASX 200
Accumulation Index (before ongoing fees) over
Growth Potential
High
1
Industrials
10.19%
Financials
40.38%
Who Should Invest
Consumer
Discretionary
14.53%
• Have an investment time frame of 5-7 years;
4
Ongoing Fee
1.95%
• Desire some tax effective income; and
Fund Size
$42.2 million
Materials
20.35%
• Feel comfortable with considerable volatility
14 April 2003
see pages 8-10.
Performance Graph1
since April 2003.
1 year
% pa
3 years
% pa
5 years
% pa
Distribution
12.03
n/a
n/a
Growth
14.25
n/a
n/a
Total
26.28
n/a
n/a
Benchmark2
22.83
n/a
n/a
$19,000
$18,000
$17,000
$16,000
$15,000
$14,000
$13,000
$12,000
$11,000
$10,000
1
2
3
18
4
5
6
Dec-05
Oct-05
Aug-05
Jun-05
Apr-05
Feb-05
Dec-04
Oct-04
Jun-04
Aug-04
Apr-04
Feb-04
Dec-03
Oct-03
Aug-03
Jun-03
Apr-03
$9,000
Risk Comfort Level
The objective of this Fund is to achieve strong capital
growth over the long term by investing in leading
companies listed on the Australian Stock Exchange.
3
4
5
Timeframe3
5-7 years
Income Potential
Low
The Fund aims to outperform the S&P/ASX 200
Accumulation Index (before ongoing fees) over
Industrials
9.16%
Growth Potential
High
Financials
43.51%
Income Distribution
Frequency
June, December
Who Should Invest
Consumer
Discretionary
11.47%
• Desire long term capital growth with some tax
effective income;
Ongoing Fee4
1.95%
Fund Size
$68.0 million
Materials
20.29%
• Have an investment timeframe of 5-7 years; and
• Feel comfortable with considerable volatility
23 February 1996
see pages 8-10.
Performance Graph1
2
Fund Summary
Cash and Other
Including Futures 1.37%
Rest of
Market
Energy 7.95%
6.25%
1
1 year
% pa
3 years
% pa
5 years
% pa
Distribution
15.57
7.11
4.61
Growth
8.08
14.19
8.18
Total
23.65
21.30
12.79
Benchmark2
22.83
21.69
12.65
$31,000
$29,000
Suncorp Australian Shares
Fund (Contribution Fee
Option) since February 1996.
$27,000
$25,000
$23,000
$21,000
$19,000
$17,000
$15,000
$13,000
$11,000
1
2
3
4
5
6
Dec-05
Mar-05
Jun-04
Sep-03
Dec-02
Mar-02
Jun-01
Sep-00
Dec-99
Mar-99
Jun-98
Sep-97
Dec-96
Mar-96
$9,000
S&P / ASX 200
Investment Funds
19
Risk Comfort Level
1
2
3
4
5
Fund Summary
Manager Allocation
Timeframe3
5-7 years
The objective of this Fund is to provide strong long term
capital growth by investing in the global sharemarket.
Income Potential
Low
The Fund aims to outperform (before ongoing fees)
the Morgan Stanley Capital International World Index
ex Australia (with net dividends re-invested) expressed
in AUD (unhedged) over rolling 5-year periods.
The Fund gains exposure to international equities via
investment into the Suncorp Investment Management
World Equities Trust (“SIMWET”). The SIMWET is structured
around a core global portfolio, combined with a number
of portfolios representing global value, global growth
and global small companies. The management of these
portfolios is performed by a number of specialised
investment managers around the world, as detailed
in the table below.
Who Should Invest
• Desire access to the many investment opportunities not
available or not well represented within Australia;
Global Core
• Have an investment timeframe of 5-7 years;
• Feel comfortable with high levels of volatility in their
investment; and
• Are prepared to accept unhedged currency risk.
1 year
% pa
3 years
% pa
5 years
% pa
Distribution
0.00
0.00
n/a
Growth
17.81
6.60
n/a
Total
17.81
6.60
n/a
Benchmark2
17.00
8.68
n/a
22.5
Wellington Management
(Boston, USA)
22.5
Global Value
Southeastern Asset
10.0
Management (Memphis, USA)
Global
Growth
Walter Scott & Partners
(Edinburgh, Scotland)
20.0
Global
Small Cap
New South Capital
(Memphis, USA)
3.0
Wasatch Advisors
(Salt Lake City, USA)
3.0
Grantham, Mayo,
Van Otterloo (Boston, USA)
4.0
$11,000
$10,000
$9,000
$8,000
$7,000
$6,000
1
2
3
20
4
5
6
Dec-05
Jul-05
Jan-03
Aug-02
Mar-02
Oct-01
$5,000
May-01
since May 2001.
Capital International
(Los Angeles, USA)
Suncorp (Cash/Index Overlay) 15.0
(Brisbane, Australia)
see pages 8-10.
Performance Graph1
Allocation %
Feb-05
03 May 2001
Investment
Manager
Sep-04
Fund Size
$8.3 million
Apr-04
Ongoing Fee4
2.15%
Nov-03
Income Distribution
Frequency
June, December
Jun-03
Growth Potential
High
Establishing and transacting on your account
Initial Investment
Switching Between Funds
To make an initial investment, simply complete, sign and return the
Application Form, which is attached to this PDS. A cheque made payable
to the custodian: SCUS – SUNCORP INVESTMENT FUNDS, must be included
with your application to cover your initial investment.
Currently, you may switch or transfer your investment between Funds
at any time free of charge. Switching between Funds may result in a
capital gains tax event. Please see the Taxation Information section
on page 30 for more details.
Units to the value of the amount of your application less any contribution
fee (if applicable) will be issued to you. The number of units issued to
you will be based on the unit price. For more information on unit prices,
please refer to page 24.
Please note that switching between a Contribution Fee option and Nil
Contribution Fee option is not permitted, except for switches into the
Suncorp Cash Fund.
SMIML may, at its discretion, accept lower investment amounts than
stated in this PDS. SMIML may also refuse an application for investment
in the Funds without providing reasons for the refusal.
Application Price
The unit price you receive will depend on the time we receive your correctly
completed Application Form.
If we receive a correctly completed application for a new investment
before 2.30pm (Queensland time) on a Queensland business day,
we will generally process your application at the unit price applicable
for that day. Otherwise, your application will generally be processed
at the unit price applicable for the following Queensland business day.
We are required to hold any application money we receive in a
trust account until the application is processed. Any interest earned
on amounts held in this trust account may be paid to SMIML.
Additional Investments
To make an additional investment you must complete, sign and return
the Additional Investment Application Form, which is attached to this PDS.
A cheque made payable to the custodian: SCUS – SUNCORP INVESTMENT
FUNDS, should be included with your application to cover your additional
investment. The process by which additional investments can be made
is the same as detailed in the ‘Initial Investment’ section above.
To switch your investment you can either complete a switch form, which
is available from our Client Services Team on 1800 067 732, or visit your
nearest Suncorp Branch. Alternatively you can arrange to switch your
investment over the telephone. To switch via the telephone you will
require a Personal Identification Number (PIN). For more details about
your PIN please see page 35.
Withdrawals
You can withdraw some or all of your money at any time (minimum
$1,000 per fund). Withdrawing your money may result in a capital gains
event (refer to page 30 for more details). To withdraw you must complete
a withdrawal form, which is available by calling our Client Services Team
on 1800 067 732. Alternatively you can withdraw your investment over
the telephone. This option is only available if you have received a PIN
(see page 35 for more details about your PIN).
We will only complete a withdrawal request made by telephone if you
correctly quote your investment number and PIN when requested and;
• the money you withdraw is transferred into an account previously
nominated by you; or
• a cheque made payable to you for the sum of the withdrawal amount
is sent to your address on our records.
Please be aware that if you have chosen a Nil Contribution Fee option
you could be charged a fee for withdrawing. Fees may apply if you have
invested in a Nil Contribution Fee option for less than 3 years (1.5 years
for the Suncorp Income Fund) from the commencement date of each
application of money. The fees that apply are described on page 26
in the Fees and Costs table.
Withdrawal Price
The unit price you receive will depend on the time we receive your correctly
completed withdrawal request.
If your correctly completed withdrawal request is received by us prior
to 2.30pm (Queensland time) on a Queensland business day, we will
generally process your application at the unit price applicable for that
day. Otherwise, your withdrawal will generally be processed at the unit
price applicable for the following Queensland business day.
We normally pay withdrawals within five Queensland business days
of receiving your request, however circumstances may arise that prevent
us from doing so. The Constitution for each of the Funds allows us to
take up to 21 days to process your withdrawal.
Investment Funds
21
Additional features
Fixed Payment Plan
You can start with an initial deposit of $100 per Fund. The Monthly Savings
Plan (“Savings Plan”) is only available under the Contribution Fee option
for each investment option. Please note that the Savings Plan is not
available for the Cash Fund.
With a Fixed Payment Plan (“Payment Plan”) you can arrange to
withdraw a regular fixed amount each time the Fund you are invested
in makes a distribution.
To start your Savings Plan you need to complete the Application Form
attached to this PDS as well as the Direct Debit Request Form for your
monthly contribution. The Direct Debit Request authorises us to deduct
the nominated amount from your bank, building society or credit union
account on the 15th of every month, or the first Queensland business
day thereafter if the 15th is not a Queensland business day. It is essential
to ensure there is enough money in your designated account each month
to cover this deduction.
You can suspend, cancel or restart your Savings Plan at any time. You will
incur no penalty or additional fee for these actions. To suspend or cancel
your Savings Plan you can either write (mailing address on page 6) or call
our Client Services Team on 1800 067 732 and request to suspend or
cancel your plan. If you elect to suspend your Savings Plan you will be
requested to nominate a date for the Savings Plan to restart. If you do
not nominate a restart date, the Savings Plan will be cancelled and you
will have to complete another Application Form and Direct Debit Request
Form should you wish to recommence the Plan at a future date.
With the Savings Plan there is also the option of increasing your payment
amount each year by the percentage increase in the Consumer Price Index
All Groups Australia (CPI). You may want to do this if you want your
monthly investment amount to increase each year to keep pace with
inflation. If you tick the relevant box on the Application Form, the monthly
amount to be deducted will change from July each year, based on the
annual percentage increase in the CPI for the 12 months ending in March
of the same year. If there is a decrease in the CPI there will be no change
in the monthly amount deducted.
22
The Payment Plan is only available for the Suncorp Income Fund and the
Suncorp Conservative Fund. You need to have at least $20,000 in your
Fund at the time of application for the Payment Plan to be eligible for
the Payment Plan.
• For the Suncorp Conservative Fund, the minimum fixed payment amount
you may choose is $200 per quarter.
• For the Suncorp Income Fund, the minimum fixed payment amount
you may choose is $70 per month.
If the distribution due to you exceeds your nominated fixed payment
amount, we will reinvest the surplus amount by issuing additional units
and adding them to your investment. If, on the other hand, your distribution
is less than your nominated fixed payment amount, we will withdraw
sufficient units from your investment to make up the shortfall. It is
important to note that this last action will reduce your capital invested
and consequently your future earnings will be based on the lower number
of units that you hold. You should also be aware that such a return of
capital may have capital gains tax implications (see page 30 for more
details). Payments under the Payment Plan are generally not considered
to be withdrawals. However, a withdrawal fee will apply if the fixed
payment amount in any period represents 5% or more of the initial
amount invested in the Fund in question (and a withdrawal fee would
otherwise have applied).
To start a Payment Plan when you initially invest, please complete Section
3 of the Application Form. If you wish to commence the Payment Plan
at a later date, and providing your initial deposit is $20,000 or greater,
please notify the Client Services Team in writing (mailing address on
page 6). Alternatively, you may complete the Additional Application
Form and indicate you wish to commence the Payment Plan.
Receiving Income
Distribution Income
Distribution Timetable
The Funds generally distribute income at the times (called the distribution
period) set out in the Distribution Timetable below. Your distribution may
include interest, dividends, and realised capital gains. Special tax allowances
may also be passed on to you, which might include imputation credits
and foreign tax credits. More details can be found in the Taxation Section
on page 30.
The table below indicates the distribution period of each Fund.
Distributions may be paid to all unit holders in a Fund on a proportional
basis at the end of a distribution period.
The distribution amount you receive is based upon the number of units
you hold (in your class) at the end of the distribution period multiplied
by the amount per unit (in your class) to be distributed from a Fund.
The distribution amount you receive will normally vary depending on factors
such as market conditions and investment performance. Consequently,
there may be times when you may not receive any distributions.
We aim to make payment of distributions to investors within 15 days
after the end of the distribution period with the exception of the end
of the financial year when it may be up to 45 days.
We may, in exceptional circumstances where we believe it is in the best
interests of unit holders and in accordance with the constitution of a Fund,
suspend the calculation of unit prices for a Fund.
If we suspend the calculation of unit prices, your application or withdrawal
request will be processed using the next available unit price.
We endeavour to maintain relative consistency in the level of distributions
for the Suncorp Income Fund and Suncorp Conservative Fund. A number
of factors impact on the level of the distributions. These include:
• Variability of income from specific market sectors;
Distribution period
Fund
Monthly
Suncorp Income Fund
Quarterly at the end of
September, December,
March and June
Suncorp Cash Fund
Half yearly at the end
of December and June
Suncorp Growth Fund
Distribution Options
You may choose to have your distribution:
• Paid directly to a nominated bank, credit union or building society account;
or
• Re-invested in additional units. The reinvestment unit price is the entry
price applicable to the last Queensland business day of the distribution
period adjusted for the distribution paid for that period.
If you have not nominated a bank, credit union or building society account,
your distribution will automatically be reinvested into the Fund.
You may still have to pay tax on your distribution even if you have
reinvested your distribution. See the Taxation section on page 30
for more details.
• Sale of assets held by the Fund may result in distributable capital gains; and
Cooling Off Period
• Some asset classes, such as listed property, shares and bonds distribute
income half-yearly.
For any investment in the Funds a 14 day cooling off period applies. If you
are not happy with your investment, you must notify us in writing within 14
days of receiving your Investment Funds Record, to cancel your investment.
For the Suncorp Income Fund we may elect to make fixed distributions
based on our estimate of the income yield of the Fund. If an estimate
is used, subsequent distributions will ensure actual income is released
for each financial year. The aim of this process is to distribute income
derived by the Fund on a consistent monthly basis.
If you notify us within 14 days to cancel your investment we will return
to you the market value of your investment as at the time of withdrawal.
Please note that our normal processing rules apply. To receive the price
that applies on the date we receive your cancellation request we need to
receive your request prior to 2.30pm (Queensland time on a Queensland
business day). You should note that your investment could rise or fall,
in line with the market, during the time between investing and
withdrawing your funds. Any contribution fees that you may have
paid will be refunded to you. Any commission that your adviser
would have received will no longer be payable.
Please refer to the section titled “Withdrawals” for further information.
Investment Funds
23
How are your transactions processed?
Unit Prices
When you invest into the Funds, you will be allocated a number of units
totalling the value of your investment. The number of units you hold in a
Fund will change if you make additional investments, re-invest distributions,
switch between the Funds or make a withdrawal. The value of your
investment will depend on the unit price and the number of units you hold.
How We Calculate Unit Prices
In the normal course of business, a unit price for each investment option
(both Contribution Fee and Nil Contribution Fee) is calculated each
Queensland business day.
A unit price is calculated by dividing the net asset value of the property
of the Fund (in your class) by the number of units on issue in that Fund
(in your class).
The net asset value is determined in accordance with the Constitution
of the Fund. It is generally based on the market value of the underlying
investments of the Fund as at the close of business on the relevant day
less the value of the Fund’s liabilities.
Movements in the daily unit price of a Fund reflects changes in the
value of the underlying investments in the Fund plus investment income
and expenses and realised capital gains, less fees and any taxes that
the Fund is required to deduct.
At the end of a distribution period for a Fund (usually quarterly or halfyearly), in addition to the normal unit price movements, the unit price of the
Fund will fall by the amount distributed per unit to investors by the Fund.
24
Fees and other costs
Consumer advisory warning
The warning below is required by law. The fees and other costs associated
with investing in the Fund are described in this section.
This document shows fees and other costs that you may be charged.
These fees and costs may be deducted from your money, from the
returns on your investment or from the Fund assets as a whole.
Taxes are set out in another part of this document.
You have two different fee options:
Did you know?
Small differences in both investment performance and fees and costs can
have a substantial impact on your long term returns. For example, total
annual fees and costs of 2% of your fund balance rather than 1% could
reduce your final return by up to 20% over a 30-year period (for example,
reduce it from $100,000 to $80,000). You should consider whether
features such as superior investment performance or the provision of
better member services justify higher fees and costs. You may be able to
negotiate to pay lower contribution fees and Management Costs where
applicable. Ask the Fund or your financial adviser.
(a) to pay a contribution fee at the time you make each investment
into the Fund (“Contribution Fee option”); or
(b) to pay no contribution fee, but to pay a withdrawal fee if the
withdrawal is made within a certain time of the investment being
made (“Nil Contribution Fee option”).
You should read all the information about fees and costs because
it is important to understand their impact on your investment.
To find out more
If you would like to find out more, or see the impact of the fees based
on your own circumstances, the Australian Securities and Investments
Commission (“ASIC”) website (www.fido.asic.gov.au) has a managed
investment fee calculator to help you check out different fee options.
Investment Funds
25
Type of fee or cost
Amount
Nil Contribution Fee option
How and when paid
Contribution Fee option
Fees when your money moves in or out of the fund
Establishment Fee
The fee to open
your investment.
Nil
Nil
Not applicable
Contribution Fee
The fee on each
amount contributed
to your investment.
Nil
1% – Suncorp Income Fund
3% – All other Funds
(except the Cash Fund which
does not offer a Contribution
Fee option)
Applies to each amount contributed
(initial and subsequent investments)
and is deducted prior to the allocation of units.
This fee does not apply to the reinvestment
of distributions.
The amount of this fee may be negotiated with
the Responsible Entity, through your adviser.
Withdrawal Fee
The fee on each
amount you take out
of your investment 2.
Nil – Suncorp Cash Fund1
1% – Suncorp Income Fund
4% – All other Funds
Nil
Applies to each amount withdrawn from the Fund,
with the fee deducted prior to you receiving your
withdrawal payment.
For the Suncorp Income Fund the withdrawal fee only
applies for the first 1.5 years of each investment made.
For all other Funds, the withdrawal fee applies for the
first 3 years of each individual investment.
The amount of this fee may be negotiated with the
Responsible Entity, through your adviser.
Termination Fee
The fee to close
your investment.
Nil
Nil
Not applicable
Management Costs
The fees and costs
for managing your
investment.
The Management Costs for each Fund (as per below) is the same
for both the Contribution Fee option and Nil Contribution Fee option.
Suncorp Cash Fund3
0.80% p.a.*
Suncorp Income Fund
1.25% p.a.*
1.95% p.a.*
1.95% p.a.*
Suncorp Growth Fund
2.00% p.a.*
1.95% p.a.*
1.95% p.a.*
1.95% p.a.*
2.15% p.a.*
The Management Costs consist of the ongoing fee, which
is the fee charged for operating the Fund and investing
the assets. The ongoing fee is deducted from the assets
of the Fund and is reflected in the unit price. The ongoing
fee is calculated daily on the net asset value of the Fund
and is generally paid at the end of each month. The
ongoing fee is applied to your current balance via the
change in the unit price.
*of the Fund’s asset value.
(Refer to the example fees and costs table on page 27)
Service Fees
Investment
Switching Fee
The fee for changing
investment options
Nil
Nil
Not applicable
1. The Suncorp Cash Fund is a nil contribution fee, nil withdrawal fee Fund. However, if you switch an investment into the Cash Fund from a Nil Contribution Fee
option and then withdraw that investment within 3 years of your original investment (in the first fund) you will be charged a withdrawal fee. The withdrawal
fee will be payable at the same rate that applied to your original investment.
2. Fixed payments received from the Fixed Payment Plan will not be charged a withdrawal fee if the fixed payment amount is less than 5% of the initial investment.
After 3 years no withdrawal fee will apply regardless of the fixed payment amount. The Fixed Payment Plan is only applicable for investments in the Suncorp
Income Fund and Suncorp Conservative Fund.
3. The Suncorp Cash Fund is not available under the Contribution Fee option.
26
Example of annual fees and costs for a balanced investment option
This table gives an example of how fees and costs in the balanced investment option for this product can affect your investment over a one-year period.
You should use this table to compare this product with other managed investment products.
Example –
(Contribution Fee option)
Amount
Balance of $50,000 with total contributions
of $5,000 during the year
Contribution Fees
3%
For every $5,000 you put in, you will be charged
between $0 and $150.
Plus Management Costs
1.95%
And, for every $50,000 you have in the fund you
will be charged $975 each year.
Equals Cost of fund
If you had an investment of $50,000 at the beginning
of the year and you put in an additional $5,000 during
that year, you would be charged fees from:
$975 to $1,125^
What it costs you will depend on the investment
option you choose and the fees you negotiate
with your fund or financial adviser.
^ Additional fees may apply: If you were invested in the Nil Contribution Fee option and you left the Fund early, you may also be charged withdrawal fees of up to 4% of your total account balance
($2,000 for every $50,000 you withdraw).
Withdrawal fee for Nil Contribution Fee option – worked example
If you invest in a Nil Contribution Fee Option, you may pay a withdrawal fee of up to 4% depending on when you withdraw your money.*
The withdrawal fee applies to each amount you contribute that is withdrawn within 3 years from the date of contribution.*
The table below illustrates how the withdrawal fee applies to amounts withdrawn over various years. Please note that a withdrawal fee will apply
if an amount withdrawn under the Fixed Payment Plan represents 5% or more of the additional amount invested in the particular Fund. Please refer
to page 22 for further details.
Amount Contributed
Date of Contribution
Date of Withdrawal
Withdrawal Fee
Applicable (%)
Withdrawal Fee
Amount ($)
$10,000
1 January 2006
1 June 2006
4
$400
$500
1 July 2006
1 July 2008
4
$20
$500
1 September 2006
2 September 2009
Nil
Nil
*Note: Different conditions apply to the Suncorp Cash Fund and Suncorp Income Fund. Please refer to the Fees and Costs table on page 26 for further details.
Investment Funds
27
Additional explanation of fees and costs
Taxation
GST is not payable on your investment in the Funds. However, the Funds
may be required to pay GST on fees and other expenses.
In some cases, the Funds will be able to claim a reduced input tax credit
of 75% of the GST paid on certain fees and expenses. This means that the
effective cost of the GST to the Funds is reduced by the amount of the
reduced input tax credit received.
Please refer to page 30 for further information on taxation
as it applies to the Funds.
Transaction Costs
A buy/sell spread represents the difference between the unit allocation
and unit release price of an investment option. A buy/sell spread is used
to recover any transaction costs incurred when you invest, switch or
withdraw all or part of your investment.
Transaction costs incurred from buying and selling assets include brokerage,
government taxes and costs incurred from buying and selling units in the
underlying Suncorp Investment Management Trusts (“SIMTs”). The use
of a buy/sell spread means that transaction costs are paid by investors
who are transacting, rather than the investors remaining in the Fund.
The buy/sell spread for the Fund is currently 0%. This spread is based
on our current estimates of transaction costs incurred, and may be varied
for each Fund from time to time to reflect changes in the transaction
costs incurred.
Where paid, buy/sell spreads represent an additional cost to the unitholder,
but they are not fees paid to us – they are retained by the investment
manager to cover transaction costs incurred in buying and selling
investments.
Adviser Commission
The adviser selling you the Funds may receive payment for the sale. Details
of this payment will be in the Financial Services Guide and Statement of
Advice, which your adviser will give you. A payment may be in the form
of salary, bonus, or commission depending upon the adviser’s relationship
to Suncorp. All commission paid to an adviser is paid by Suncorp and
is not an additional charge to you.
For Suncorp Financial Advisers, the Suncorp Group retains the commission.
Suncorp Financial Advisers are employed or contracted to the Suncorp
Group and the commission that the Group receives is used to cover salaries,
bonuses, training, and administration expenses relating to the Suncorp
Financial Advisers.
Initial Commission
Up to 100% (not including GST) of the contribution fee, received under the
Contribution Fee option, may be paid to an adviser as an initial commission.
Advisers receive the same commission regardless of whether you invest
in a Nil Contribution Fee option or a Contribution Fee option. Any initial
commission amount paid to an adviser (other than their potential
entitlement to the contribution fee as previously mentioned) is paid
separately by us and not included in any of the fees you pay.
Ongoing Commission
Advisers may receive an ongoing commission as long as you have
investments in the Fund. The ongoing commission is included in the
ongoing fee you pay.
The table below shows the maximum initial and ongoing commission rates
(inclusive of GST) that are currently payable on any amount you invest.
Fund
Maximum
Initial
Commission %
Maximum
Ongoing
Commission %
It is not our intention to increase any of the fees. However if fees were
to increase, the Constitution (refer to page 31 for more information
about the Constitution of the Fund) for each Fund allows for a maximum
ongoing fee of 4%.
Suncorp Cash Fund
Nil
0.33
Suncorp Income Fund
2.2
0.33
3.3
0.44
If the ongoing fee was to increase, we will provide you with 30 days
prior written notice of any increase.
3.3
0.44
Suncorp Growth Fund
3.3
0.44
Indirect Fees
3.3
0.44
The Suncorp Income Fund, Suncorp Conservative Fund and Suncorp Growth
Fund pay brokerage fees on the derivatives they hold directly. The remaining
Funds currently do not pay any brokerage, however the Suncorp Investment
Management Trusts (SIMTs) pay brokerage and transaction fees. As the
Funds invest into the SIMTs, any fees paid at the SIMT level indirectly
have an effect on the unit price and the performance of the Funds.
3.3
0.44
3.3
0.44
3.3
0.44
Maximum Permitted Fees
The Funds do not pay any banking fees. Banking fees for both the
SIMTs and the Funds are paid by SMIML.
28
Special Offers
We may make special offers from time to time. If we have a special offer
available that is not in this PDS, we can give you a separate terms and
conditions brochure about the offer if you ask us. The offers might be
short-term and we can withdraw them at any time.
Additional information
Investment information
Information
Information on your investment
Telephone
(client services team)
1800 067 732
Mon-Fri 8am-5pm
(Qld time & bus. days)
Internet
suncorp.com.au
24 hours/7 days*
Investment Balance
Enquiries
3
3
Transaction Details
3
3
An Investment Funds Record will usually be sent to you within five
Queensland business days after your initial investment. An Investment
Funds Record will also be issued to you after each transaction such
as additional investments (except those via the Savings Plan), partial
withdrawals and switches. The only time you will not receive an Investment
Funds Record is when you withdraw your full investment. In that instance
you will receive a letter confirming your withdrawal.
Latest Unit Prices
3
3
An Investment Funds Statement
Performance
Information
3
3
Every time distributions are paid for a Fund in which you have invested,
you will receive an Investment Funds Statement (“Statement”). Statements
for the Suncorp Income Fund will be issued monthly. Statements for the
Suncorp Cash Fund, Suncorp Conservative Fund, Suncorp Balanced Fund
and Suncorp Imputation Fund will be issued quarterly. Statements for
the remaining Funds will be issued half-yearly. You may also request a
Statement at any time free of charge. Investors who choose to participate
in the Savings Plan will receive quarterly Statements to confirm details
of each monthly contribution made within the quarter, regardless of the
Fund in which they are investing.
*Access may not be available at all times due to system outages or maintenance.
Performance calculations
All performance figures are calculated using end of month exit prices for
Contribution Fee units (except the Cash Fund which uses Nil Contribution
Fee units) and are net of the ongoing fee. The figures are calculated using
either hard or soft close end of month unit prices (please refer to each
particular Fund for further details) as defined in IFSA Standard 6.0, available
from the IFSA website at www.ifsa.com.au. The performance figures do
not include entry or exit fees or any taxation consequences and assume
that all distributions are reinvested in the Fund. They are also net of
nominal transaction and banking costs at the Suncorp Investment
Management Trust level (refer to page 28 for further details on indirect
costs). Past performance cannot be taken as an indication of future
Investment Funds Record
Financial Statements And Reports
By the end of September each year, you should receive a Financial
Statement and report for the Fund in which you are invested, which
includes the audit report.
Tax Return Information
You should receive information for inclusion in your tax return,
by the end of August each year.
Accessing Up To Date Information
The information in this PDS is up to date at its preparation. However,
some of the information may change from time to time. We will issue
a supplementary or replacement PDS if there are any material changes
to information in this PDS or a materially adverse omission from this PDS.
For other changes you can obtain up to date information by contacting
our Client Services Team on 1800 067 732, Monday to Friday 8am-5pm
(Queensland time on a Queensland business day). A paper copy of this
information will be given to you without charge on request.
Investment Funds
29
Taxation information
Franking Credits
The information in this section is for general information only and may not
apply to your particular circumstances. This information was current as at
the date of preparation of this PDS. If you have any questions about the
tax implications of investing in the Funds you should consult your adviser,
the Australian Taxation Office (“ATO”), your accountant or solicitor.
Distributions from the Funds with investments in Australian shares
will typically include franking credits. Eligible Australian taxpayers
may use the franking credits to offset any tax payable on their gross
distribution. Any excess franking credits may be used to offset tax
payable on other income and taxpayers may receive a cash refund
for excess franking credits not utilised.
The Funds are generally not liable to pay income tax as the taxable
income of the Funds is distributed to unit holders each financial year.
If you become a non-resident of Australia during the course of
your investment, tax may be withheld from your distributions.
Tax on Income
All taxable income you become entitled to during a year of income
should generally be included as part of your assessable income in the
year in which the entitlement arises. This includes income that you have
reinvested and income that you are entitled to but have not yet received.
The Funds will generally distribute capital gains that have been realised
throughout the financial year.
Taxable capital gains to which you become entitled should be included
as part of your assessable income. The capital gains can be offset
by capital losses you have incurred from other sources.
Tax Payable When You Switch or Withdraw From Your Fund
If you switch or withdraw your units (even as a result of the Fixed Payment
Option) your transaction is treated as a sale of units. Under the capital
gains tax provisions, any taxable gain arising from the disposal of your
units will form part of your assessable income. Individuals who dispose
of units that they have held for more than one year will generally only
be required to include half the capital gain in their assessable income.
Superannuation funds and other investors should consult their adviser,
accountant or solicitor, as different rules may apply. These statements
should be retained for income tax purposes.
Please note that for tax purposes, the Fund does not issue a separate
capital gains tax statement in the event an investor disposes of units
in a Fund. Instead, an investor should use the annual tax statement
and transaction statement issued by the Fund to assist them in
completing their tax return.
If you have any taxation questions, you should consult your adviser,
the ATO, your accountant or solicitor.
If a distribution includes foreign income, resident unit holders
may be entitled to a tax credit for foreign tax paid.
Generally, you will be able to claim a tax credit for this amount
only when you lodge your next tax return.
Tax File Number
The Application Form asks you to complete the Tax File Number (TFN)
notification section. It is not an offence if you do not give us your TFN.
However, if you do not give us your TFN, tax (up to 48.5%) may be
taken out of your distributions. If you wish, you may be able to provide
us with your Australian Business Number (ABN) instead of your TFN.
If you are exempt from quoting your TFN, you must indicate the
exemption or tax (up to 48.5%) will be deducted from some or all
of your distributions. If you advise us of your TFN (or TFN numbers
for joint applications), or you claim an exemption from advising us,
we do not have to withhold any amount from your distributions.
The collection of your TFN is authorised, and its use and disclosure are
strictly regulated, by tax laws and the Privacy Act. For more information
about the use of TFNs, please phone the ATO.
Registration of the Funds
When you invest in a Fund, you are acquiring units in a unit trust.
Under the Corporations Act, this type of trust is called a managed
investment scheme. Each Fund has been registered with ASIC
as a managed investment scheme as outlined below:
Fund
ARSN*
Suncorp Cash Fund
100 325 442
Suncorp Income Fund
092 025 744
092 026 161
103 973 020
Suncorp Growth Fund
092 026 090
092 026 116
103 973 351
092 026 170
096 451 053
* Australian Registered Scheme Number
30
Constitution
Authorised agent
Your rights as a unitholder and the powers, responsibilities and obligations
of the Responsible Entity are governed by the terms of each Fund’s
Constitution as well as the Corporations Act and general law. The
Constitutions can be inspected at SMIML’s office during Queensland
business hours or copies are available for a fee and can be obtained
by contacting the Client Services Team on 1800 067 732.
As a unitholder in the Funds you are entitled to appoint an agent to act on
your behalf. You have to notify us of the appointment and produce to us the
authority appointing your agent before your agent can act on your behalf
in relation to your investment in the Funds. If the authority is satisfactory
your agent’s authority starts on the day we receive a notice of the authority.
If the appointment is by power of attorney, a certified copy of the power
of attorney is required to be attached to the notice that you send to us.
As Responsible Entity, we decide which investments are bought and sold
by the Funds (within the limits set by the Constitution and as disclosed
in this PDS).
The Constitutions seek to limit the liability of unit holders by providing that
a unitholder is not personally obliged to make any contributions to a Fund
or to indemnify the Responsible Entity or any creditor of either or both of
them, if there is a deficiency in the assets of that Fund. However, because
this is a matter which can ultimately only be determined by the courts,
no assurance or guarantee that investors’ liability will be limited in all
circumstances, is given by Suncorp-Metway Ltd or its subsidiaries and
related companies including SMIML.
The following is a summary of some of the important features of the
Constitutions. This summary does not refer to every provision of the
Constitutions, and should be read in conjunction with other references
to the Constitutions contained in this PDS.
The Constitutions:
• Set out the nature of units, including the rights attaching to units;
• Allow us to refuse applications, transfers and redemption requests
in certain circumstances;
• Provide how we must calculate unit prices and the value of the Fund assets;
• Make provision for the Responsible Entity to obtain valuations
of Fund assets;
• Provide for the convening of, and required formalities of, any unitholder
meetings;
• Make provision for the handling of unit holders’ complaints;
• Provide that if we properly perform our duties, we will not be liable
to unit holders for any loss they may suffer in relation to the Funds.
We are entitled to be indemnified out of each Fund’s assets for liabilities
or expenses incurred by us when properly performing our duties;
Compliance Plan and Compliance Committee
The Corporations Act and the Fund Constitutions impose a number
of obligations on us as the Responsible Entity to protect the interests
of unit holders.
As required by the Corporations Act the Funds each have a Compliance
Plan that has been lodged with ASIC. The Compliance Plan sets out the
measures that we are to apply in operating each Fund to ensure compliance
with the Corporations Act and the Constitutions. An auditor of the
Compliance Plan has been appointed as required by the Corporations Act.
The auditor must review each year our compliance with the Compliance
Plan and report on whether the Compliance Plan continues to meet the
requirements of the Corporations Act.
A Compliance Committee has been established in accordance with the
Corporations Act. The principal function of the Committee is to monitor
compliance by us with the Compliance Plan. The majority of the members
of the Compliance Committee are independent of us. The Committee must
report to the Responsible Entity and, in certain circumstances, to ASIC.
Socially responsible investing
SIM does not explicitly take labour standards or environmental,
social or ethical considerations into account when making investment
decisions. However, the value of securities may be revalued downwards
if it is perceived that poor labour standards or activities considered
environmentally, socially or ethically unacceptable would be detrimental
to the future value of investments.
• Provide for us to retire or be removed as Responsible Entity in certain
circumstances;
• Provide for the Funds to be terminated earlier than the expiry dates
(on termination, we are to sell all of the Funds’ property, pay expenses
and distribute the net cash proceeds to unit holders); and
• Allow us to vary the Constitutions subject to unit holders’ approval by
special resolution if the variation may adversely affect unit holders rights.
We may only amend the Constitutions where we reasonably believe
that changes will not adversely affect unit holders rights. Otherwise,
the Constitutions can only be amended if approved by special resolution
of unit holders at a meeting of unit holders.
Where the provisions of this PDS are inconsistent with the provisions
of the Constitutions for the Funds, the Constitutions will prevail to the
extent of any inconsistency.
Investment Funds
31
Disclosing entities
The Funds are ‘disclosing entities’ and as such are subject to regular
reporting and disclosure obligations under the Corporations Act. Copies
of the documents lodged with ASIC may be obtained from, or inspected
at, an ASIC office.
If you wish to obtain:
• a Fund’s annual financial report most recently lodged with ASIC;
• any half year financial report lodged with ASIC after the lodgment
of the annual financial report and before the date of this PDS; or
• any continuous disclosure notices given by the Funds after lodgment
of the annual financial report and before the date of this PDS,
please contact our Client Services Team on 1800 067 732, Monday
to Friday, 8am-5pm (Queensland time on a Queensland business day).
Disclosure of interest
The Funds may acquire investments directly or may invest in other funds,
including other funds we manage. If one Suncorp fund invests into another
Suncorp fund, we charge only one ongoing fee. Member companies of the
Suncorp Group, their employees, and any other fund we manage may invest
in the Funds.
32
Frequently asked questions
How do I?
What should I do?
Add more money to my investment?
Complete the Additional Application Form attached to the back of this PDS and send it in
with a cheque for the additional amount you wish to invest. You may wish to seek advice
from your adviser to discuss your investment objectives before depositing additional monies.
Withdraw all or part of my investment?
Complete a withdrawal form available at all Suncorp branches or write a letter and fax
or post it to our Client Services Team. Alternatively you can make withdrawals over the
phone if you have a PIN (refer to page 35 for more details). You may wish to seek advice
from your adviser to discuss your investment objectives before withdrawing your investment.
Know what fees apply to my investment?
Fees that apply to the Funds are detailed on pages 26-28. If you have any specific questions,
you should contact our Client Services Team or your adviser.
Find out what my account balance is?
You can access details about your account by calling our Client Services Team.
Switch between investment options?
Complete a switch form available at all Suncorp branches or write a letter and fax or post
it to our Client Services Team. Alternatively you can switch over the phone if you have a PIN
(refer to page 35 for more details). You may wish to seek advice from your adviser to discuss
your investment objectives before switching your investment.
Tell Suncorp I am unhappy with my investment?
Please discuss with your adviser or contact our Client Services Team.
What if?
What should I do?
My personal details change during the year?
You should contact your adviser or our Client Services Team to advise of any significant
change in your personal details.
I change my mind about investing?
You should contact your adviser or our Client Services Team as soon as possible.
A 14 day cooling off period applies (see page 23 for further details).
There are generally four (4) places to contact if you need more help or information:
1.
The Suncorp website: suncorp.com.au;
2.
Our Client Services Team on 1800 067 732 between 8am and 5pm Queensland time, on a Queensland business day;
3.
By writing to:
GPO Box 1453 Brisbane QLD 4001
or fax:
(07)3362 2905
or email:
[email protected]; or
4.
Your adviser.
Investment Funds
33
Complaint and dispute resolution
We try to make sure that our level of service meets your expectations.
However, sometimes, problems occur. If you have a complaint or dispute,
we have established a process to help you.
How to Lodge a Complaint or Notify a Dispute
If you have a complaint or dispute concerning the Fund, please tell the
people who provided your initial service. Or you can:
phone us on:
1800 067 732
fax us on:
(07) 3362 2905
write to us at:
GPO Box 1453
BRISBANE QLD 4001 or
e-mail us on:
[email protected]
Financial Industry Complaints Service
FICS is a free service for you and a totally independent and impartial body.
FICS will deal with your complaint or dispute directly or follow up the
matter on your behalf. If you want more information on FICS, please ask us.
You can contact FICS by:
phoning:
1300 780 808
for the cost of a local call*
writing to:
Financial Industry Complaints
Service Limited PO Box 579,
Collins Street West
MELBOURNE VIC 8007
emailing:
[email protected]
* A higher charge may apply for public telephones and mobile phones.
What We Will Do
1. We will try to settle your complaint or dispute within 1 working day.
2. If we can’t do this, we will phone you, email you or tell you in writing
that we have received your complaint or dispute. You should receive
this notice within 3 working days.
3. We will try to settle more complicated complaints or disputes
within 21 days, but in no more than 45 days unless you have
agreed to a longer period.
4. If we can’t settle your complaint or dispute quickly or you have agreed
to a longer period in which we can address your complaint, we will
write to you every 21 days giving you reasons for the delay.
5. Once we make a decision regarding your complaint or dispute, we will
tell you in writing and include our reasons for reaching that decision.
If you are dissatisfied with our decision or the way we handled your
complaint or dispute, please let us know. You can also contact the
Financial Industry Complaints Service (“FICS”). Details are set out
in the next paragraph.
Terms and Conditions for Faxed Switches or Withdrawals
• If you wish to fax a switch or withdrawal request, simply send us a fax
to (07) 3362 2905 detailing your request. By sending us a fax you signify
acceptance of these terms and conditions.
• If the switch or withdrawal is not faxed to (07) 3362 2905 the request
may not be processed.
• Withdrawal amounts are able to be paid to a bank, building society
or credit union account or by cheque.
• We may refuse to process a faxed switch or withdrawal request
if we believe that there may be a possible security risk.
• We may cancel this arrangement or vary these terms and conditions
at any time after giving investors written notice.
• If we comply with a faxed switch or withdrawal request made or purported
to be made in accordance with these terms and conditions, then payment
will be in satisfaction of all our obligations and neither you nor any other
person will have any claim against the Fund/s, us or the custodian of the
Fund/s, even where you had no knowledge of, or did not authorise,
a transaction in relation to your investment.
• You agree to release, discharge and indemnify us and the custodian for
all losses, liabilities, actions, proceedings, accounts, claims and demands
in respect of any liabilities arising out of a request for a faxed switch
or withdrawal on your investment.
34
Personal Identification Number (PIN)
You will be issued with a PIN except in the case of a joint investment where
you have elected to have both investors sign to authorise transactions.
Your PIN, in conjunction with your Investment Number, allows you to
authorise withdrawals, switches and obtain account balances by telephone.
Please note that your PIN is the key to access your Fund information
and withdraw your money, and should be protected accordingly.
Conditions of using your PIN
You must:
• protect your PIN from being lost or stolen;
• not keep your PIN in your wallet or with other financial or personal
information;
• not give, show or tell your PIN to anyone;
• tell us as soon as you think someone knows your PIN or it is lost or stolen;
and
• reasonably disguise your PIN if you decide to record your PIN so that
you can remember it.
You agree that when using your PIN:
• you are giving us instructions;
• we can consider these instructions are from you; and
• you are liable for any transactions which occur except after you have told
us someone knows your PIN or if we have caused it to be misused.
You should note that:
• we can cancel your PIN at any time; and
• we can also delay or refuse to process your withdrawal instructions.
If you think someone knows your PIN or it has been lost or stolen or
misused, phone us immediately on 1800 067 732.
If you think there has been a mistake or a transaction you did not authorise,
you must phone us immediately on 1800 067 732 and follow up with
details in writing to:
GPO Box 1453
BRISBANE QLD 4001
Your concerns or any problems will be investigated and we will inform
you of the steps we will take and how we intend to solve the problem.
Investment Funds
35
Please complete the Application Form in block letters.
Section 1 – Investor details
Please complete this section with your personal details.
Joint Ownership
When you purchase units in more than one name, unless otherwise stated you will hold them as ‘joint tenants’. This means that if one of the joint investors
passes away, the surviving investor has complete ownership of the investment.
Alternatively you may wish to hold the investment as ‘tenants in common’. This means that if one of the investors passes away, their share of the investment
will become part of their estate and will be distributed accordingly. If you wish the investment to be held as “tenants in common” please tick the nominated
box on the Application Form.
All investors must sign the Application Form for each new or additional investment. However, we will accept instructions for alterations and withdrawals/switches
from any one of the investors. If you require all the investors nominated to give instructions you must tick the required box on the Application Form. All investors
must sign all future correspondence with us if you have ticked the box.
Trust /
Superannuation Fund
Documentation required (along with Application Form)
Your account must be in the name of
• Certified copy of an extract of the trust deed identifying
the parties
The trustees as trustee for the Trust
•
Certified evidence of current signatories
•
Certified copy of grant of probate OR
•
Certified Letters of Administration
•
Identification of executors
•
Certified copy of partnership agreement
•
•
Certified copy of the constitution of the club OR
•
Certified copy of the rules that establish the club
•
•
Certified copy of the constitution of the company OR
•
Certified copy of the certificate of registration
of the company
•
A minor
•
Certified copy of a minor’s birth certificate
The trustees as trustee for the minor
Signing on behalf
of another person
•
Certified Power of Attorney
Name of person investing
•
Certified Letters of Administration showing
Legal Guardianship
•
Certified copy of identification, eg drivers licence
Deceased Estate
Partnership
Unincorporated
Body (Club)
Company
36
The trustees as trustee for the Estate
The principals of the Partnership
Name of club
Name of company
Section 2 – Tax file number details
Please provide your TFN, ABN OR indicate an exemption from providing
your TFN. Refer to page 30 for further details.
Section 3 – Investment details
You need to complete the section that is appropriate for your investment.
Deposit Details
A cheque for a minimum of $100 is required to commence the Savings
Plan. The amount of your initial investment needs to be entered in the
Contribution Fee Option under ‘Investment Amount’. To action the debit
from your account, complete the Direct Debit Request in conjunction with
the Application Form. You need to read page 22 of this PDS regarding
the Savings Plan.
Section 4 – Financial institution details
A non-negotiable cheque for the amount of your investment needs
to be attached to the application with the following cheque payee:
‘SCUS – Suncorp Investment Funds’.
Please complete this section to assist us arrange for the prompt payment
of phone withdrawals and/or distribution payments.
Section 5 – Privacy statement
How would you like to receive
your distributions?
If you do not wish to receive product related material on Suncorp’s
range of financial products and services please tick the box.
You need to select one of:
Section 6 – Confirmation and acknowledgments
Reinvest
Tick the “Reinvest” box if you want your distributions to be reinvested
to buy more units in the same Fund.
Direct Credit
Tick the “Paid to Account” box if you want your distributions paid
into your bank, building society or credit union account.
An application cannot be accepted unless it has the signatures of all
applicants. Please note, for applications being completed by a Company
the Company Seal is optional.
If you are signing on behalf of another person, you must supply a certified
copy of one of the following, as well as a certified copy of identification
(ie driver’s licence):
You must also write your account details in Section 4.
• Power of Attorney OR
Fixed Payment Plan
(Suncorp Conservative Fund & Suncorp Income Fund only)
• Letters of Administration showing Legal Guardianship.
To use the Fixed Payment Plan, write the amount you would like to
withdraw each distribution in the adjoining column. A Fixed Payment
Plan is only offered for investments with the following minimums:
Fund
Minimum Initial
Investment Amount
Minimum Fixed
Payment Amount
Suncorp Conservative
Fund
$20,000
$200 per quarter
Suncorp Income Fund
$20,000
$70 per month
Please mail your completed Application Form together
with your cheque to:
GPO Box 1453
BRISBANE QLD 4001
You must also write your bank, building society or credit union account
details in Section 4.
Refer to page 22 of this PDS for further information.
Investment Funds
37
38
Application Form
Issued by Suncorp Metway Investment Management Limited
Prepared: 9 May 2006. Effective: 30 June 2006.
ABN: 31 068 147 651
Please use CAPITAL letters and 3 boxes where needed.
The Suncorp Investment Funds Product Disclosure Statement (“PDS”) contains information about investing in the Suncorp Investment Funds. Interests in the
Suncorp Investment Funds will only be issued on receipt of an Application Form, which has been issued with the Suncorp Investment Funds PDS with an effective
date of 30 June 2006. A person who gives another person access to this Application Form must, at the same time and by the same means, give the other person
access to the PDS with an effective date of 30 June 2006. All words and phrases in this Application Form have the same meaning, if any, given to them in the PDS.
Investment Name Set-up
Complete the following sections:
Investment Account Type
Complete Name Details
Individual
Question 1A then go to 4
Joint
Question 1A & 1B then go to 4
Company
Question 2 then go to 4
Trustee
Question 1A & 1B or 2 then go to 3
1. Individual / Joint Owners
1a. Name
Title:
Surname:
Given Names:
D.O.B. (dd/mm/yy):
/
/
1b. Name (Joint Investor)
Title:
Surname:
Given Names:
D.O.B. (dd/mm/yy):
/
/
Joint Investments
Both signatures required for transactions on the investment (No PIN will be issued)
If box not ticked, only 1 signature will be required to transact on the investment.
Joint investments to be treated as tenants in common (if box not ticked applicants will be treated as joint tenants)
2. Company / Non Profit Organisation
Name
Name (1):
Name (2):
Title (1):
Title (2):
Contact Name:
Contact Number:
3. Trustee
(Please provide the name of the Superannuation Fund, Trust Beneficiaries, Deceased Estate or Unincorporated Association in this section.)
Name
Contact Name:
Contact Number:
4. Contact Details
Suburb:
State:
Mobile Number:
Email:
Postcode:
SECTION 2 – TAX FILE NUMBER DETAILS
Collection of Tax File Numbers (TFNs) is authorised, and their use and disclosure strictly regulated, by tax laws and the Privacy Act. It is not an offence
if you do not provide a TFN, but if no TFN or Australian Business Number (ABN) are quoted or no exemption is claimed before a distribution is declared,
tax will be deducted at the highest marginal rate of taxation. For more information about the use of TFNs, please phone your nearest Tax Office.
Investor 1 / Company / Trustee
Tax File Number
OR
OR
Exemption
OR
OR
Exemption
Investor 2
Tax File Number
SECTION 3 – INVESTMENT DETAILS
Entry Type
Initial Deposit
– Lump Sum
Additional
Deposit
Savings Program**
Monthly
Contribution Amount
Contribution Fee
$2,000
$1,000
$100
$100
$2,000
$1,000
n/a
n/a
Contribution Fee
Fund
Investment ($)
Amount
Monthly
Savings Plan**
$ per month
Distribution
Type* – Reinvest
(tick)
Distribution Type*
– Paid to
Account (tick)
$
$
n/a
Growth Fund
$
$
n/a
$
$
n/a
Conservative Fund
$
$
Income Fund
$
$
Global Shares Fund
$
$
n/a
Balanced Fund
$
$
n/a
Imputation Fund
$
$
n/a
Total Investment
$
Fund
Investment ($)
Amount
Distribution
Type* – Reinvest
(tick)
Distribution Type*
– Paid to
Account (tick)
Distribution***
– Fixed Payment
($)
$
$
n/a
Growth Fund
$
$
n/a
$
$
n/a
Conservative Fund
$
$
Income Fund
$
$
Global Shares Fund
$
$
n/a
Balanced Fund
$
$
n/a
Imputation Fund
$
$
n/a
Cash Fund
$
$
n/a
Total Investment
$
Distribution***
– Fixed Payment
($)
***Distribution – If you are investing at least $20,000 into either or both of the Suncorp Income Fund or the Suncorp Conservative Fund,
you may utilise the Fixed Payment Plan.
Please tick this box if you wish to have your Monthly Savings Plan amount increased in line with the Consumer Price Index All Groups Australia (“CPI”)
each year. Indexation occurs in July based on the annual percentage movement in the CPI to March of the same year.
SECTION 4 – FINANCIAL INSTITUTION DETAILS
Please provide details of the account you want your distributions and/ or PIN phone withdrawals paid into.
Branch Address:
BSB Number:
Account Number:
Suncorp is an Allfinanz group offering many different categories of financial products and services in banking, insurance, investments and advice
on financial services. We need to collect personal information from our customers so we can,
• set up and administer a product for the customer;
• determine a customer’s requirements and provide the appropriate product or service;
• assess a claim made by a customer under one or more of our products;
• assess our customers and their needs; and
• improve our financial products and services.
Without this information, we cannot provide the product or service.
Protecting the privacy of our customers is a key part of our normal operations.
As one of a number of companies that form the Suncorp group, we provide personal information about a customer to all the related companies within
this group. We do not disclose personal information to any outside third party organisation, unless it is contracted to Suncorp to provide administrative
services or activities on our behalf. In this case, we make sure that the third party is bound by the same privacy rules we follow.
Sometimes, Suncorp might use personal information to make product related material on a range of financial products and services available to our customers.
A customer may elect not to receive product related material by indicating below.
Please do not send product related material on Suncorp’s range of financial products and services.
A customer may,
• change their mind at any time about receiving product related material;
• access the personal information that we hold about them;
• get more information about Suncorp; and
• obtain a copy of our Privacy Policy,
by calling 13 11 55, or contacting us at suncorp.com.au or by visiting any of our branches.
• I/We have read the Suncorp Investment Funds PDS with an effective date of 30 June 2006 and agree
to be bound by the terms and conditions of the PDS and the Constitutions (as amended).
• I/We acknowledge that where this PDS was received by me/us or my/our agent from the internet or by other electronic
means, that I/we received it personally, or a paper print out of it, accompanied by or including this Application Form.
• I/We acknowledge that Suncorp-Metway Ltd and its subsidiaries and related companies (including SMIML)
• I/We agree to release and indemnify SMIML, against all actions, claims, costs and demands and losses, arising from or in any way relating to, SMIML in
good faith accepting or acting on any instructions (including any instructions to switch or withdraw investments) received by facsimile transmission which
are, or are purported to be, signed by me/us (or any person authorised to sign any such instructions) or by emails sent, or purported to be sent, from me/us.
• By signing this application, I /We agree to Suncorp collecting, using and disclosing my/our personal information, including sensitive and health information
if applicable, in accordance with the Privacy Statement included in this Application Form and the Suncorp Privacy Policy.
• I/We confirm that if investing as trustee, on behalf of a trust, I/We are acting in accordance with my/our powers and authority under the trust deed.
Before signing, applicants should read the PDS in its entirety. Each applicant must sign this Application Form. If you are signing under
Power of Attorney, you must attach a certified copy of the Power of Attorney. Applications by a trustee/s must be signed by each trustee.
Print Name:
Date (dd/mm/yyyy):
/
/
Print Name:
Date (dd/mm/yyyy):
/
/
Name:
Adviser Number:
Business Phone:
Signature:
SECTION 8 – CHECKLIST
• Is the application fully completed and signed by all investors?
• Have the TFN details sections been correctly completed?
• Have the correct Fund/s been nominated?
• If the Monthly Savings Plan has been selected, has the Direct Debit Request Form been completed?
• Has a non-negotiable cheque been provided for the total amount of the investment and attached to this application form?
• Have you attached certified copies of documents where required?
Please post your Application Form together with your cheque to:
GPO Box 1453
BRISBANE QLD 4001
Direct Debit Request Form (“DDR Form”)
REQUEST FOR DEBITING AMOUNTS TO ACCOUNTS BY THE DIRECT DEBIT SYSTEM
GPO Box 1453
BRISBANE QLD 4001
Direct User Number: 063730
1. CUSTOMER DETAILS
I/We,
Surname or Company Name:
Given Name/s:
Authorise and request the Debit User, Suncorp Metway Investment Management Limited (User No 063730), to debit my/our account via the Bulk Electronic
Clearing System from time to time in accordance with the instructions detailed below and or on the terms set out in the DDR Service Agreement (refer page 44).
I/We have read and understand the information in the DDR Service Agreement contained in the PDS with an effective date of 30 June 2006.
Signature:
Print Name:
Date (dd/mm/yyyy):
/
/
Date (dd/mm/yyyy):
/
/
Print Title:
Signature:
Print Name:
Print Title:
(If joint account, all signatures may be required.)
Address:
State:
2. BANK AND ACCOUNT DETAILS
Branch Address:
BSB Number:
Account Number:
Commencement Date (dd/mm/yy):
15/
/20
Note: Check with your financial institution that the account that you have nominated is compatible with the Direct Debit System.
For example some passbook accounts are not compatible with the Direct Debit System.
Postcode:
Direct Debit Request Service Agreement
(“DDR Service Agreement”)
This DDR Service Agreement forms part of the terms of the Direct Debit
Request (“DDR”) and should be read in conjunction with the DDR Form.
Returned or dishonoured DDR’S
DDR – Suncorp Investment Funds
If your DDR is dishonoured or returned unpaid by your financial institution
for any reason we reserve the right to recover the funds from you and
charge any additional fee that may apply.
We will process a direct debit to the account nominated on the DDR for the
amount of the Suncorp Investment Funds contribution (plus any Government
charges and processing fees, if applicable) on the date that it is due in
accordance with the terms and conditions of the Suncorp Investment
Fund Monthly Savings Plan option (refer page 22 of the PDS for details).
Non-business days
If your DDR falls due on a weekend or public holiday we will process
it on the next Queensland business day.
Details of your contributions will appear on your Investment Fund Statement
that you will receive periodically.
If you are uncertain of the date your DDR will be processed you should
contact your financial institution.
Changing your DDR authority
Cleared funds
We will provide you with 14 days’ notice if we change any of the terms
of the DDR.
You should ensure that you have sufficient cleared funds in your account
to enable the DDR to be paid by your financial institution.
Deferring, stopping or cancelling your DDR
Your records
You may defer, alter, stop or cancel your DDR at any time by providing
at least 5 Queensland business days’ notification in writing to:
We will not disclose any details of your DDR to any person or corporation
unless required to do so by law, for operational reasons or unless the
information is required in relation to a disputed transaction.
GPO Box 1453
BRISBANE QLD 4001
Or telephone us on 1800 067 732, (quoting your PIN)
Requests to vary the details of the account to be debited must
be by way of completion of a new DDR Form.
Alternatively you may stop or cancel your DDR at any time by contacting
the financial institution where your account to be debited is held.
DDR Dispute Resolution
If you wish to dispute a DDR transaction you can contact the financial
institution where your account to be debited is held or contact us as follows
and we will arrange for your disputed transaction to be investigated and
where appropriate, for a correction to be made.
GPO Box 1453
BRISBANE QLD 4001
Or telephone us on 1800 067 732.
44
Your account
You should be aware that some financial institutions may not allow
a DDR to be processed to certain types of accounts.
You should check your account details against a recent statement from
your financial institution or check with your financial institution to ensure
that a DDR can be processed from your account.
If you wish to make inquiries about your DDR, you can contact
us by writing to:
GPO Box 1453
BRISBANE QLD 4001
Or telephone us on 1800 067 732
Additional Application Form
Issued by Suncorp Metway Investment Management Limited ABN: 31 068 147 651
Prepared: 9 May 2006. Effective: 30 June 2006.
Please use CAPITAL letters and 3 boxes where needed.
The Suncorp Investment Funds Product Disclosure Statement (“PDS”) contains information about investing in the Suncorp Investment Funds. Interests in the Suncorp
Investment Funds will only be issued on receipt of an Application Form, which has been issued with the Suncorp Investment Funds PDS with an effective date of
30 June 2006. A person who gives another person access to this Application Form must, at the same time and by the same means, give the other person access
to the PDS with an effective date of 30 June 2006. All words and phrases in this Application Form have the same meaning, if any, given to them in the PDS.
Please note that this form is for additional investments only.
Investment Number:
Date of Birth:
Investment Name/s:
Contact Details:
Suburb:
State:
Mobile Number:
Postcode:
Email:
SECTION 2 – CONTRIBUTION DETAILS
Entry Type
Initial Deposit
– Lump Sum
Additional
Deposit
Savings Program**
Monthly
Contribution Amount
Contribution Fee
$2,000
$1,000
$100
$100
$2,000
$1,000
n/a
n/a
Contribution Fee
Fund
Investment ($)
Amount
Monthly
Savings Plan**
$ per month
Distribution
Type* – Reinvest
(tick)
Distribution Type*
– Paid to
Account (tick)
Distribution***
– Fixed Payment
($)
$
$
n/a
Growth Fund
$
$
n/a
$
$
n/a
Conservative Fund
$
$
Income Fund
$
$
Global Shares Fund
$
$
n/a
Balanced Fund
$
$
n/a
Imputation Fund
$
$
n/a
Total Investment
$
Fund
Investment ($)
Amount
Distribution
Type* – Reinvest
(tick)
Distribution Type*
– Paid to
Account (tick)
Distribution***
– Fixed Payment
($)
$
$
n/a
Growth Fund
$
$
n/a
$
$
n/a
Conservative Fund
$
$
Income Fund
$
$
Global Shares Fund
$
$
n/a
Balanced Fund
$
$
n/a
Imputation Fund
$
$
n/a
Cash Fund
$
$
n/a
Total Investment
$
***Distribution – If you are investing at least $20,000 into either or both of the Suncorp Income Fund or the Suncorp Conservative Fund,
you may utilise the Fixed Payment Plan.
Please tick this box if you wish to have your Monthly Savings Plan amount increased in line with the Consumer Price Index All Groups Australia (“CPI”)
each year. Indexation occurs in July based on the annual percentage movement in the CPI to March of the same year.
SECTION 3 – CHANGE OF FINANCIAL INSTITUTION DETAILS
Branch Address:
BSB Number:
Account Number:
Suncorp is an Allfinanz group offering many different categories of financial products and services in banking, insurance, investments and advice
on financial services. We need to collect personal information from our customers so we can,
• set up and administer a product for the customer;
• determine a customer’s requirements and provide the appropriate product or service;
• assess a claim made by a customer under one or more of our products;
• assess our customers and their needs; and
• improve our financial products and services.
Without this information, we cannot provide the product or service.
Protecting the privacy of our customers is a key part of our normal operations.
As one of a number of companies that form the Suncorp group, we provide personal information about a customer to all the related companies within
this group. We do not disclose personal information to any outside third party organisation, unless it is contracted to Suncorp to provide administrative
services or activities on our behalf. In this case, we make sure that the third party is bound by the same privacy rules we follow.
Sometimes, Suncorp might use personal information to make product related material on a range of financial products and services available to our customers.
A customer may elect not to receive product related material by indicating below.
Please do not send product related material on Suncorp’s range of financial products and services.
A customer may,
• change their mind at any time about receiving product related material;
• access the personal information that we hold about them;
• get more information about Suncorp; and
• obtain a copy of our Privacy Policy,
by calling 13 11 55, or contacting us at suncorp.com.au or by visiting any of our branches.
• I/We have read the Suncorp Investment Funds PDS with an effective date of 30 June 2006 and agree
to be bound by the terms and conditions of the PDS and the Constitutions (as amended).
• I/We acknowledge that where this PDS was received by me/us or my/our agent from the internet or by other electronic
means, that I/we received it personally, or a paper print out of it, accompanied by or including this Application Form.
• I/We acknowledge that Suncorp-Metway Ltd and its subsidiaries and related companies (including SMIML)
• I/We agree to release and indemnify SMIML, against all actions, claims, costs and demands and losses, arising from or in any way relating to, SMIML in
good faith accepting or acting on any instructions (including any instructions to switch or withdraw investments) received by facsimile transmission which
are, or are purported to be, signed by me/us (or any person authorised to sign any such instructions) or by emails sent, or purported to be sent, from me/us.
• By signing this application, I /We agree to Suncorp collecting, using and disclosing my/our personal information, including sensitive and health information
if applicable, in accordance with the Privacy Statement included in this Application Form and the Suncorp Privacy Policy.
• I/We confirm that if investing as trustee, on behalf of a trust, I/We are acting in accordance with my/our powers and authority under the trust deed.
Before signing, applicants should read the PDS in its entirety. Each applicant must sign this Application Form. If you are signing under
Power of Attorney, you must attach a certified copy of the Power of Attorney. Applications by a trustee/s must be signed by each trustee.
Print Name:
Date (dd/mm/yyyy):
/
/
Print Name:
Date (dd/mm/yyyy):
/
/
Name:
Adviser Number:
Business Phone:
Signature:
48
Responsible Entity
Suncorp Metway Investment Management Limited
ABN 31 068 147 651, AFSL 229884
Level 18 Suncorp Centre
36 Wickham Terrace
Brisbane QLD 4000
Directors of the Responsible Entity
C. Skilton, ACA, B.Sc. (Econ)(Hons)
H.S. Lam, B.E.(Hons), Ph.D., Dip.F.S., F.Fin
M.W. Blucher, AAIBF
B.J. Inglis, MBA, B.Bus. (Mktg)
P.D. Anthon, LLB
Company Secretary of the Responsible Entity
C. R. Chuter, BBus.
Custodian
Suncorp Custodian Services Pty Ltd
ABN 85 010 421 931
Level 18 Suncorp Centre
36 Wickham Terrace
Brisbane QLD 4000
Investment Funds
49
50
Various products and services are provided by different entities in the Suncorp Group.
The different entities in the Suncorp Group are not responsible for or liable in respect
of products or services provided by other entities in the Suncorp Group.
If you would like to make an appointment with a Suncorp Financial Planner,
call 13 11 55 and say “Financial Planner” at the prompt.
Your Financial Planner or Authorised Representative
00242 02/03/11 A

Suncorp Investment Funds

Transcription

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