SG Hiscock Property Securities Fund

Overview

The SG Hiscock Property Securities Fund invests in a diversified portfolio of listed property and property-related securities.

Interests in the SG Hiscock Property Securities Fund (090 790 873), SG Hiscock Wholesale Property Securities Fund (ARSN 090 577 825) and SG Hiscock Premier Property Securities Fund (090 850 445) are offered by Fidante Partners Limited (ABN 94 002 835 592) (AFSL 234668) (Fidante Partners). Fidante Partners has appointed SG Hiscock & Company Limited as the investment manager of the Fund.

Fund objective

To outperform its benchmark, the S&P/ASX A-REIT Accumulation Index (formerly known as the S&P/ASX 300 Property Trust Accumulation Index), over rolling three-year periods, while providing investors with a quarterly income stream and some capital growth over the medium term (at least three years).

Investment approach

The investment manager uses a combination of fundamental analysis of 'top-down' macroeconomic influences and 'bottom-up' company specific research, analysis and valuation.

PDS update of information - 1 July 2013

Introduction of the future of financial advice reforms

In April 2010, the Government announced the Future of Financial Advice (FOFA) reforms aimed at improving the quality and access to financial advice for Australian investors. The reforms are mandatory from 1 July 2013. Generally, the FOFA reforms introduce a duty for financial advisers to act in the best interests of their clients and prohibit the payment of conflicted remuneration to advisers and platforms.

We have reviewed our procedures to ensure we comply with the new FOFA requirements and this update is made to ensure you have the correct information about the fees and benefits we pay to platforms and advisers.

Please read the following update together with the relevant fund's Product Disclosure Statement (PDS) and Additional Information booklet (AIB) and relates to the 'Additional explanation of fees and costs' section in the AIB.

Introduction of the Future of Financial Advice Reforms (FOFA)

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.