WHY SHOULD I INVEST WITH SGF?

As an independent fund manager, entirely owned by its staff, we manage your money (and ours) to create wealth. The fund manager has historically generated attractive returns. There are naturally no guarantees as to what will the returns be in the future. Time will tell...

WHAT INVESTMENT APPROACH DISTINGUISHES SGF?

Value investing, the investment philosophy employed by the fund manager of SGF, is a risk-adverse and conservative way of investing. Preservation of capital comes first with the aim of reducing the risk of losing money on fundamental basis. Long-term investment decisions based on business fundamentals coupled with an unwillingness of overpay for any company.

WHAT IS VALUE INVESTING AND IS IT A SENSIBLE INVESTMENT PHILOSOPHY?

Value investors look to invest in great companies that are trading below their true (or intrinsic) value for some identifiable reason. Central to investing in these discounted shares, where the business is worth more than the market price, is the concept known as the margin of safety. A margin of safety is necessary because valuation is an imprecise art, the future is unpredictable. The margin of safety concept distinguishes value investors from all others, who are not as concerned about avoiding loss. By emphasising preservation of capital in this way, the upside (capital growth) tends to take care of itself.

WHO IS THE FUND MANAGER OF SGF?

JBS Investments is the fund manager of SGF and launched its first fund in June 2008. Prior to SGF, the expertise of this fund manager was only open to institutions and sophisticated, high net worth investors only. Further information may be found at: www.jbsinvestments.com

WHEN IS THE BEST TIME TO INVEST?

Like many things in life, there is "always a better time" - but the key to generating great returns is to identify a sensible strategy and get started.

DOES THE STAFF OF THE FUND MANAGER INVEST IN ITS OWN PRODUCTS?

Yes, management of the fund manager are invested in the Firm’s investment products. The majority of the investment staff maintain the bulk of their net worth in the funds alongside that of their clients.

WHEN IS THE FUND'S NAV CALCULATED?

The Fund is priced on a monthly basis. The Net Asset Value Unit price is calculated by dividing the NAV by the number of Units on issue (NAV Unit price). The NAV Unit price fluctuates each month as the market value of the Fund’s assets rise or fall. The monthly NAV Unit price reflects the value of the net assets held by the Fund at close of business in each market in which the Fund invests on the last Business Day of the month. As the Fund invests in overseas markets, some of the Fund’s asset values are not available until early the next day in Australia. The NAV Unit price is usually available each month within 5 Business Days of the relevant Unit pricing date.

HOW ARE APPLICATIONS AND WITHDRAWALS PRICED?

When you invest in the Fund, we will calculate the Units you receive using an application price. The application price is the NAV Unit price for the month plus the buy spread (an allowance for transaction costs incurred by the Fund on acquisition of assets). When you withdraw your investment in the Fund, the value of your Units will be calculated using a withdrawal price. The withdrawal price is the NAV Unit price for the month less the sell spread (an allowance for transaction costs incurred by the Fund on disposal of assets).

HOW DO I INVEST?

When making your initial investment in the Fund, please complete every section of the Application Form that is relevant to the type of Investor you are. The Application Form includes details of the identification documentation that we are required by law to collect from you before we can issue Units in the Fund to you. Please mail the completed original of the Application Form, together with certified copies of the requested identification documentation, to our Registrar. The Registrar’s postal address details appear on the back of this Booklet and on the Application Form. We will not accept an Application Form for an initial investment by email.

HOW DO I TRANSFER APPLICATION MONIES TO THE FUND?

We can accept payment of your application monies in Australian dollars by cheque or electronic funds transfer (EFT). If you wish to pay by cheque, please make your cheque payable to the relevant entity set out below, and mail the cheque with your Application Form:
Cheque payable to: One Managed Investment Funds Limited Applications and Redemptions Account.
EFT payments can be made directly to the Fund’s applications bank account. The Fund’s applications bank account details are as follows:
Bank: St George Bank
Reference: “Investor surname/company or trust name” (as applicable)
Account Name: One Managed Investment Funds Limited Applications and Redemptions
Account BSB: 332-127
Account number: 553 966 542
Please include the name of the account under which you are investing and the name of the Fund in the reference field of your EFT payment to assist us match your application monies against your Application Form.

DOES THE FUND PAY ANY DIVIDENDS OR DISTRIBUTION?

The Fund intends to distribute any distributions on an annual basis in June of each year, however, we have the discretion to pay distributions (if any) more frequently. We currently intend that the Fund will distribute any distributions to Investors within 2 months after 30 June of each year. Application and withdrawal prices fall by the approximate amount of the distribution after each distribution period because the distribution reduces the Fund’s assets. If you invest just before the end of a distribution period, you may find you have some of your capital returned to you as income.

HOW ARE DISTRIBUTIONS PAID?

You may elect to have your distributions from the Fund: Reinvested for further Units in the Fund; or Paid to you to your nominated bank account. If you do not make an election on the Application Form as to how you would like to deal with your distribution, you will be deemed to have made an election to have all distributions reinvested for further Units. Any change to distribution instructions should be advised to us at least 10 Business Days before the end of the relevant distribution period. Note: Units issued for reinvested distributions will be priced using the post distribution NAV Unit price.

HOW CAN I WITHDRAW MY MONEY FROM THE FUND?

We will accept withdrawal requests via mail only. Instructions to withdraw should be signed by the nominated authorised signatory or signatories. Under some circumstances, we may need to contact you to request further documentation to confirm the validity of your instruction. This may delay processing of the withdrawal request. We can only pay redemption proceeds to an Australian bank account held in the name of the Investor, or by an Australian dollar cheque made payable to the Investor. We are unable to pay redemption proceeds to a third party bank account. Normally we will pay redemption proceeds to the bank account you nominated on your Application Form when you initially invested in the Fund, or if you have subsequently written to us to change your nominated account, we will pay proceeds to that account. We will send you a confirmation of your redemption once it has been processed and paid. The confirmation will include details of the bank account to which the proceeds have been paid.

IS THERE ANY MINIMUM AMOUNT REQUIRED FOR INVESTMENT IN THE FUND?

The minimum initial investment is $20,000. Additional investments can be made each month by the relevant Application Transaction Cut-off time. The minimum amount for an additional investment is $5,000. We may reserve the right to accept lower minimum investment amounts at our absolute discretion.

HOW DOES THE FUND INVEST ITS ASSETS?

The Fund may invest in a wide variety of assets, including but not limited to the following:

  • securities quoted (or soon to be quoted) on an international securities exchange or the ASX;
  • specialised global investment trusts and other pooled investment vehicles;
  • unlisted securities;
  • convertible notes or preference shares; and
  • foreign exchange contracts. Borrowing restrictions: the Fund does not use or engage in borrowing. Short selling: the Fund does not engage in short selling.

IS THE FUND CONSIDERED AN "ETHICAL FUND"?

We believe that issues relating to labour standards, and to environmental, social and ethical considerations have the potential to affect the business outcomes of the Fund’s investment companies. Accordingly, we review labour standards, and environmental, social and ethical considerations as part of the risk assessment that is completed when we determine the investment grade of a company. However we are not considered an ethical fund as per ASIC regulations.

WHAT ARE THE TAX IMPLICATIONS OF INVESTING IN THE FUND?

Investing in managed funds has tax implications which are particular to your circumstances. This means that it is important that you seek professional taxation advice that takes account of your particular circumstances before you invest or deal with your investment. This information should serve only as a guide to the tax considerations that may arise. The information only applies to Australian resident Investors. Different tax considerations arise for non-resident Investors. It is important that investors seek professional taxation advice that takes account of your particular circumstances or personal objectives before you invest or deal with your investment.

WILL CAPITAL GAINS TAX APPLY WHEN YOU WITHDRAW FROM THE FUND?

Australian residents who invest in the Fund are generally subject to capital gains tax on realised net capital gains when they redeem Units from the Fund. Individuals, trusts and complying superannuation entities may obtain partial capital gains tax discounts in relation to the disposal of Units and the capital gains portion of distributions.