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The Prime Value Imputation Fund (PVIF) was established on 20 December 2001. For the latest Unit Prices and performance charts for PVIF, please click here. |
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The PVIF aims to provide capital growth over the medium to long-term, combined with regular tax-effective income, by managing a portfolio of assets comprised mainly of Australian equities listed on any recognised Australian stock exchange.
The PVIF will be comprised of securities, primarily companies listed on an Australian stock exchange or due to be listed in the next 12 months. The Fund will normally have short term cash investments for liquidity management purposes and may have limited investment in fixed interest securities and global equities, where appropriate.
The PVIF is appropriate for an investor seeking medium and long-term capital growth and regular income that includes imputation credits. Investors should be prepared to accept some fluctuations in short-term returns. This type of investment is appropriate as a significant part of a properly diversified investment portfolio for individuals, companies, trusts and superannuation funds.
3 or more Years
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DIRECT INVESTMENT
(CLASS A UNITS) |
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INDIRECT INVESTMENT
(CLASS B UNITS) |
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| Management Fee: |
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1.23% p.a.1 of the net asset value of the relevant Fund. |
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1.025%2 p.a.1 of the net asset value of the relevant Fund |
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| Other Management Costs: |
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Approximately 0.205%1 reflecting administration costs |
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Approximately 0.205%1 reflecting Administration Costs |
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| Indirect Cost Ratio (ICR): |
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1.435%1 |
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1.23%1,2 |
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| Performance Fee: |
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20.5% p.a.1 of performance (net of management fees and administration costs) above the agreed benchmark3, subject to positive performance and high water mark |
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20.5% p.a.1 of performance (net of management fees and administration costs) above the agreed benchmark3, subject to positive performance and high water mark |
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| Benchmark: |
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S&P / ASX 300 Accumulation Index |
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S&P / ASX 300 Accumulation Index |
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| Minimum Initial Investment: |
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$20,0004 |
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N/A |
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| Minimum Additional Investment: |
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$5,0004 |
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N/A |
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| Contribution Fee: |
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Nil5 |
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N/A |
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| Withdrawal Fee: |
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Nil |
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N/A |
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| Early Withdrawal fee: |
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2%6 |
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N/A |
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| Income Distributions (if made): |
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30 June and 31 December |
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30 June and 31 December |
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| Reporting to Investors: |
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Half-Yearly |
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N/A |
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| Application/Redemption: |
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Any Business Day |
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Any Business Day |
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| APIR Code: |
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PVA0002AU |
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PVA0022AU |
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1. Unless otherwise stated, all fees quoted in this PDS are inclusive of GST, after allowing for an estimate for Reduced Input Tax credits (RITC).
2. Fees for indirect investments do not include the fees charged by the IDPS operator.
3. Benchmark refers to an index or measurement that is used by an investment manager to assess relative performance of an investment portfolio.
4. Prime Value reserves the right to accept less than the above minimum investment or to reject an application in whole or in part.
5. While there are no establishment or contribution fees, if an investor is introduced by an adviser to the Funds, Prime Value may deduct up to 3% of the amount invested as an upfront adviser commission, as mutually agreed by the investor and their adviser.
6. Applies to investments of less than 12 months' duration to discourage short term investing. The Funds invest in a portfolio of equities designed to deliver returns over the medium to long term.
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