Managed Funds
Australian Ethical will inform relevant investors of any significant events that may affect them. This can be in the form of a Significant Event Notice (SEN) which is sent to investors via email or letter, or in the form of News and Updates.
The following is a summary of SENs and Important Updates for Managed Funds.
December 2024 Australian Ethical Managed Funds
Benchmark Change – Diversified Shares Fund
We've made changes to the benchmark for the Australian Ethical Diversified Shares Fund, effective 2nd December 2024.
The current blended benchmark of 75% S&P/ASX 200 Accumulation Index and 25% MSCI World ex Australia Index will be updated to a blended benchmark of 75% S&P/ASX 300 Accumulation Index and 25% MSCI World ex Australia Index.
This change ensures that the benchmark better reflects the investment universe and strategy of the fund, as the S&P/ASX 300 Accumulation Index provides broader market coverage compared to the S&P/ASX 200 Accumulation Index.
The updated benchmark offers a more comprehensive representation of the Australian equities market while maintaining alignment with the fund's objective, which is to ‘track the blended benchmark of 75% S&P/ASX 300 Accumulation Index and 25% MSCI World ex Australia Net Total Return Index, before taking into account fees and expenses, over a seven-year period.
Read more about the Fund here.
October 2024 Australian Ethical Managed Funds
Product Disclosure Changes – Managed Funds
We’ve made changes to our product disclosures to help you better understand what it means to invest with Australian Ethical. We’ve updated our Product Disclosure Statements (PDS/s) on our website including the Additional Information Booklet which also forms part of the PDS for each of the Australian Ethical Managed Funds. You can find these documents here.
The changes include:
- Changes to asset allocations.
- Updates to our fees and costs.
- Change of custodian.
We’ve provided the details of the changes made in the full Significant Event Notice (SEN).
June 2024 Australian Ethical Managed Funds
Product Disclosure Changes – Managed Funds
We’ve made changes to our product disclosures to help you better understand what it means to invest with Australian Ethical. We’ve updated our Product Disclosure Statements (PDSs) available on our website including the
Additional Information Booklet (AIB) and the Guide to Our Ethical Investment Process (Ethical Guide) which also form part of the PDS. We have also updated our Target Market Determination (TMD) for each fund. You can find these documents here.
The changes to our PDSs include:
- Inclusion of the definition of the term ‘blended index’ for the Diversified Shares Fund (Retail/Wholesale) being 75% S&P/ASX 200 Accumulation Index and 25% MSCI World Ex Australia (AUD) Net Index.
- Inclusion of the definition for the term ‘inflation’ for the High Growth, Balanced, Moderate and Conservative Funds (Retail/Wholesale) being the Consumer Price Index (Trimmed mean) released by the Australian Bureau of Statistics on a quarterly basis.
- Update to the definition of the term ‘blended index' for the Australian Shares Fund (Retail/Wholesale) being 65% of the S&P/ASX 100 Accumulation Index and 35% of the S&P/ASX Small Ordinaries Accumulation Index.
We’ve also made changes to the Ethical Guide to improve clarity and provide additional information; the changes are summarised below.
TMDs across all products have been updated to reflect the latest FSC template which includes:
- Removal of ‘Potentially in target market’ (amber) indicator.
- Addition of ‘Very High’ measure for Consumer risk and return profile.
- Addition of ‘Minor Allocation (up to 25%)’ and ‘Major Allocation (up to 75%)’ measures for Consumers intended product use (% of Investable Assets).
We’ve provided further detail of the changes made here.
October 2023 Australian Ethical Managed Funds
SEN: Updated disclosure effective 15 September 2023 and 29 September 2023
We’ve made changes to our Product Disclosure Statements to help you better understand what it means to invest with Australian Ethical. The updates made to the Product Disclosure Statements include:
- further information on our ethical investment process and incorporation of the new Guide to Our Ethical Investment Process;
- updates to our risk disclosure;
- changes to our investment objectives and time horizons;
- changes to asset allocations;
- updates to our tax disclosure; and
- updates to our fees and costs.
Further information about these changes can be found here.
July 2023 Australian Ethical Managed Funds
Update: Change to Fees and Costs from 3 July 2023
Effective from 3 July 2023, to reflect a general increase in underlying transacting costs, the buy/sell spreads for Balanced Shares Fund, Retail & Wholesale are increasing. This is not an increase in a fee paid to us.
October 2022 Australian Ethical Managed Funds
SEN: Planned limited service period from 25th November to 12th December
There will be a limited service period from 25 November 2022 to 12 December 2022 to carry out some updates to our Managed Funds, related to the transfer of members from Christian Super into Australian Ethical Super.
This impacts our Managed Fund investors because our Managed Funds receive investments from our Super Fund. Unfortunately, this means that during this time there will be a delay in pricing transactions.
Further information about the limited services period and what it means to you can be found here.
October 2022 Australian Ethical High Conviction Fund
Constitution amendments to facilitate adoption of the Attribution Managed Investment Trust regime for the Fund
The AMIT Regime aims to provide greater certainty and flexibility than the pre-existing rules in relation to the taxation position for a managed investment trust (MIT) and its unitholders. This notice confirms proposed amendments to the Constitution of the Fund have been applied effective 4 October 2022.
September 2022 Australian Ethical Managed Funds
Changes to investment fees and costs disclosure
From 30 September 2022, the way we show our fees and costs will be updated.
September 2022 Australian Ethical High Conviction Fund
Proposed Constitution amendments to facilitate adoption of the Attribution Managed Investment Trust regime for the Fund
The AMIT Regime aims to provide greater certainty and flexibility than the pre-existing rules in relation to the taxation position for a managed investment trust (MIT) and its unitholders. The notices provides proposed amendments to the Constitution of the Fund. Australian Ethical, as responsible entity of the Fund, reasonably considers that the modifications are necessary for or incidental to the Fund being able to be operated in a manner permitted by the AMIT Regime as an AMIT with Australian Ethical as its responsible entity.
May 2022 Australian Ethical Managed Funds
Renewing adviser service fee arrangements from 1 July 2022
The 12-month transition period for ongoing adviser service fees comes to an end on 30 June 2022. Here’s what you need to know about setting up and renewing adviser service fee arrangements in our managed fund products from 1 July 2022.
December 2021 Australian Ethical Managed Funds
Updates: Important changes to the High Conviction Fund
On 22 December the unit price for the High Conviction Fund Wholesale PF (AUG7919AU) will increase by a factor of 10. Increasing the unit price by a factor of 10 will help to minimise any additional costs associated with the listed component of the Fund.
September 2021 Australian Ethical Managed Funds
Updates: Changes to the Advocacy Fund from 1 October 2021
From 1 October 2021 the Advocacy Fund, along with other changes, will be known as the High Growth Fund. One of the key changes is also that the fund will now be invested in additional asset classes including unlisted property and alternative assets.
July 2021 Australian Ethical Managed Funds
Updates: Ending of Ongoing Adviser Service Fees from 1 July 2021
From 1 July 2021, we will no longer facilitate the payment of an ongoing adviser service fee for a period of longer than 12 months.
June 2021 Australian Ethical Managed Funds
Updates: Updated fees from 1 June 2021
Effective from 1 June 2021 we've reduced the investment fee for our Wholesale International Shares Fund and Wholesale Balanced Fund, in addition to reducing the fees for six of our retail managed funds.
April 2021 Australian Ethical Managed Funds
Updates: Updated Buy/Sell spreads from 1 April 2021
The Buy / Sell spreads for our Australian Shares Fund and Emerging Companies Fund have reduced, effective 1 April 2021.
October 2020 Australian Ethical Managed Funds
Update: Changes to fees, a minimum investment amount and a buy/sell spread
Effective from 1 October 2020, we've reduced the investment fee for our Fixed Interest Fund and Income Fund. We’ve also reduced our minimum investment amount for the wholesale Balanced Fund, effective 1 October 2020. Since good things come in threes - we’ve also reduced our Buy / sell spread for the International Shares Fund. Read more.
July 2019 Australian Ethical Managed Funds
Update: Change to Fees and Costs from 1 July 2019
Effective from 1 July 2019, we've reduced the buy/sell spreads across our Balance Fund, Advocacy Fund and Diversified Shares Fund. Read more.
October 2018 Australian Ethical Managed Funds
Update: Changes from 2 October 2018
Effective from 2 October 2018, we've updated our fees and costs across multi[ple Australian Ethical Managed Funds. Read more.
July 2017 Australian Ethical Managed Funds
Update: Important Notice for managed funds investors
Class Order 14/1252* applies to the Product Disclosure Statement dated 1 July 2017. The Class Order is new legislation that changes the way we are required to disclose our fees and costs to you. It applies to superannuation and managed fund products.*(as amended by the ASIC Corporations (Amendment) Instrument 2016/1224 and the ASIC Corporations (Amendment and Repeal) Instrument 2015/876.
May 2017 Australian Ethical Managed Funds
Update: Important Notice for managed funds investors
Effective from 1 July 2017, we are applying multiple changes to the fund, including changes to management fees, how we disclose our fees/costs to you, changes to some risk levels and a fund name, and our proposed election of the new Attribution Managed Investment Trust regime. Read more.
May 2015 Australian Ethical Managed Funds
SEN: Changes to Australian Ethical Managed Funds
Effective from 1 July 2015, we are applying multiple changes, including the launch of the new Emerging Companies Fund and Name changes to the funds. Read more.
May 2014 Australian Ethical Managed Funds
SEN: Fee changes
Effective from 30 June 2014, fees and costs applicable to Australian Managed Funds will change. Read more.