Existing Investors

Fund investment is available to Wholesale investors only, as defined in section 761G(7) of the Corporations Act 2001. All investors are required to provide evidence of their Wholesale status prior to investment in the fund, which is usually a signed wholesale certificate from your Accountant.

Should you wish to proceed with an investment in the PURE Funds, the relevant Information Memorandum and application form will be made available upon request.

Please contact us to obtain a copy.

Alternatively, we recommend the online application portal available via Olivia123, which removes the friction from the traditional paper-based approach. The online application forms are available via the links below:

PURE Income & Growth Fund: https://www.olivia123.com/pure-asset-management-pty-ltd/the-pure-income-and-growth-fund.php?StartNew=1

PURE Resources Fund: https://www.olivia123.com/applications/pure-resources-fund—foundation-class.php

Both the PURE Income and Growth Fund and PURE Resources Fund are priced monthly at the end of each month. As such, applications received prior to month end will be processed for that month.

Confirmation and holding statements are made available once unit pricing has been finalised for the month for which your application will apply. Due to the complexities in the valuation of the funds, it can take some additional time to finalise the valuation each month. As such, statements are generally sent out 2-3 weeks post month end.

Please note: This is general timeline guide only, and times may differ from month to month due to external factors.

We aim to achieve our investment and income return targets through the cycle, and as such our recommended investment timeframe is generally 4-5 years.

A monthly report is sent via email each month to our investors. This contains a comprehensive overview of the portfolio, and outlines the key movements in the fund during the month. The monthly report also provides a detailed summary of all newly initiated positions, for an in-depth analysis of our investment thesis on each position at inception.

If you would like to be added to our distribution list, please contact us.

Direct investors* will also receive a transaction statement via email directly from the unit registry each month. This contains the monthly unit price movement, and the value of your individual holding.

*Direct investors are those who have invested directly in the fund, and not through a platform (via an IDPS).

Due to the complexity in valuing some of the underlying investments in each fund (i.e. warrants, options, private investments etc.), it can take some extra time to finalise the unit price each month.

The final monthly unit price for each fund is therefore only available once each underlying investment has been valued, which can take around 2-3 weeks post month end. Further delays can also occur during distribution periods (i.e. at the end of each calendar quarter).

As such, our monthly reports can only be released once unit prices and distribution calculations (if applicable) have been finalised, which is roughly around 3 weeks post month end.

The Income and Growth Fund currently pays a quarterly distribution, at the end of each calendar quarter (i.e. June, September, October and December). The PURE Resources Fund currently pays a semi-annual distribution (June and December).

However, we envisage this portfolio will move to a quarterly distribution payment in line with The Income and Growth Fund shortly.

As income in each portfolio is generated from multiple sources (e.g. coupon payments, realised gains etc.), the amount of distributable income will vary each quarter.

Generally, we maintain a conservative approach when distributing income in the earlier parts of the financial year. We do this until we have further clarity on total distributable cash over the full financial year, with income and any realised capital gains over the period.

As such, distributions will tend to be larger towards the end of the financial year.

As each fund is structured as a Unit Trust, we must distribute all income received from investments in the fund throughout the financial year. Although the fund is composed predominantly of corporate loans, the fund does maintain equity exposure, which can cause the NAV to decrease if the equity component of the portfolio detracts.

As such, there can be instances where the NAV will decrease, however because income is still being received from coupon payments from the corporate loans, we are still able to make distribution payments.

Yes, there is a lock-up period for both funds. The Income and Growth Fund initial lock-up period is 2 years. The PURE Resources Fund initial lock-up period is 3 years.

However, if investing via a platform liquidity will be made available monthly from the start of your investment.

Redemptions can only be processed if the applicable lock-up periods have been fulfilled. Please see the relevant fund Information Memorandum for more information on applicable lock-up periods.

Transactions can only be completed once the unit price for that month has been calculated and finalised. This can be delayed due to several factors, including valuing private investments, and whether or not it is a distribution period (i.e. end of each quarter). As such, redemption confirmation statements are generally sent out 2-3 weeks post month end, with the funding paid to your nominated bank account shortly after.

Please note: This is general timeline guide only, and times may differ from month to month due to external factors.

Any changes to account details will require a completed form. A Change of Account Details form is available directly from the unit registry. Please contact the applicable registry below, who will be able to confirm what forms are required to update your account details.

This will depend on the type of entity the investment has been made under (e.g. Individual, Company, Super Fund, Family Trust, etc.). We will initially require a certified copy of the Death Certificate as proof of the deceased. This will allow us to confirm with the registry what additional documents are required to update the account, which can include (but are not limited to):

• Certified copy of Probate
• Updated ASIC company extract
• Amended Trust Deed

Please contact the applicable registry, who will be able to confirm what forms are required to update your account details.

Annual tax statements are available once end of year unit pricing and distribution calculations have been finalised.

Whilst we work closely with our registries to ensure statements are provided to investors as quickly as possible, there may be some delays at year end. We generally aim to have all tax statements for the previous financial year sent to investors at the end of July/beginning of August.

If we have your email address on file, all transaction, distribution and tax statements will be emailed to you directly. All statements and account information are also accessible from the Fund’s unit registry.

We recommend enrolling to the online web portal of each registry, to ensure you have immediate access to all your account information and statements. Please email each registry, who will guide you through the process to gain access to the online web portal.

The Funds are currently available on the following platforms to Wholesale Investors only:

• Macquarie Wrap
• Mason Stevens
• Netwealth
• Hub24
• Investment Gateway

If you currently have investments on another platform that we do not use, please let us know, and we will endeavour to have our Fund’s added to your respective Platform. If this is not possible, you can still access the fund through a direct off-platform investment.

Please contact us  to receive a copy of the applicable Information Memorandum and application form.