Orion Wholesale Australian Share Fund
Overview
The Orion Wholesale Australian Share Fund is a result of a strategic alliance between Fidante Partners and Orion Asset Management Limited.Orion is a proven active boutique manager that seeks to invest in attractively priced companies that have the potential to grow earnings and sustain profitability.
Fidante Partner's strategic alliance with Orion gives investors access to one of the industry's most experienced and cohesive boutique style investment teams.
Interests in the Orion Wholesale Australian Share Fund are offered by Fidante Partners Limited ABN 94 002 835 592 AFSL 234668 (Fidante Partners). Fidante Partners has appointed Orion Asset Management Limited as the investment manager of the Fund.
Fund objective
To outperform the S&P/ASX 300 Accumulation index over rolling three-year periods.
Investment approach
Orion is a specialist, growth style manager that seeks to invest in attractively priced companies that have the potential to grow earnings and sustain profitability. They believe selecting companies that exhibit these characteristics is the most important factor in producing consistent, long-term above-average returns for investors.View more information about the Fund's investment style and stock selection process.
Update of information
Changes to Goods and Services Tax (GST) from 1 July 2012
This update is to be read together with the Fund's Product Disclosure Statement (PDS) and Additional Information Booklet (AIB) and has been issued to update the PDS and AIB regarding GST changes that commence 1 July 2012.
All fees and costs expressed in the Fund's PDS and AIB are quoted inclusive of any GST and net of reduced input tax credits (RITCs) that are expected to be available to the Fund.
For acquisitions by the Fund before 1 July 2012, the prescribed RITC rate was 75%. Under recent changes to the GST law, acquisitions by the Fund from 1 July 2012 can attract RITCs at a prescribed rate of either 75% or 55 %, depending on the nature of the acquisition. The introduction of a lower RITC rate increases net costs disclosed in the PDS and AIB, which were calculated on the basis of a RITC rate of 75%. Fees stated in the PDS and AIB are rounded to two decimal places.
The information in this update is up-to-date at the time of preparation. However, some information can change from time to time. For updated information about the Fund, please contact your financial adviser, call our Investor Services team on 13 51 53 or refer to this website. We will also send you a copy of the updated information free of charge upon request. If a change is considered materially adverse we will issue a replacement PDS and AIB.
Change to asset allocation
This update is to be read together with the Fund's PDS and has been issued to update information regarding the asset allocation of the Fund.
Specifically, the cash range has narrowed, while the minimum allowable exposure to Australian shares has increased, as outlined below. The purpose of this change is to better align the strategic asset allocation with the Fund's investment objective to outperform the S&P/ASX 300 Accumulation Index over rolling three-year periods.
| Previous asset allocation | Updated asset allocation* |
|---|---|
|
Securities 80% - 100% |
Securities 90% - 100% |
* These are the indicative asset allocations for the Fund. If market movements, applications or withdrawals from the Fund, or changes in the nature of an investment, cause the Fund to move outside these ranges, this will be rectified by us or the investment manager as soon as practicable.
The information in this update is up-to-date at the time of preparation. However, some information can change from time to time. For updated information about the Fund, please contact your financial adviser, visit our website www.fidante.com.au or call our Investor Services team on 13 51 53, during Sydney business hours. We will also send you a copy of the updated information free of charge upon request. If a change is considered materially adverse we will issue a replacement PDS.