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Australian Unity Intech High Opportunity Trust

Australian Unity Intech High Opportunity Trust
Rebate 4.00% as additional units
Applications Close CLOSED
Minimum Investment $1,000

About the Fund

The Fund offers investors exposure to international sharemarkets through investments in the Intech International Shares High Opportunities Trust.

   
  Product Disclosure Statement PDS
pdf download Fund Update
pdf download Performance Summary
pdf download Annual Report
   
 
The Fund aims to deliver strong growth returns to investors over the long term.

The Intech International Shares High Opportunities Trust operates a multi-manager strategy, where a number of international share managers, each with their own investment style and skills, are combined to provide diversification across markets and different investment styles. This diversity of investment styles is designed to capture the strong performance potential of the underlying managers while managing the Fund’s overall risk.

Who is the investment manager?

Australian Unity Funds Management Limited manages the Fund and Intech Fiduciaries Limited (Intech) is the investment manager of the Intech International Shares High Opportunities Trust.

Intech was founded in 1989 and has more than 18 years experience in the Australian market, advising on and managing funds for a range of large corporate and institutional clients.

What does the Fund invest in?

The Fund gains its international equities exposure by investing in the Intech International Shares High Opportunities Trust, managed by Intech. The Fund does not use currency hedging so it may be impacted by changes in the value of the Australian dollar against other currencies. The Fund’s international shares exposure typically ranges from 90-100%. The balance of the Fund’s assets are invested in cash and similar investments.

What is the Fund’s investment process?

Intech seeks to appoint superior and complimentary active investment managers to manage the assets of the trust. The investment managers are expected to deliver out-performance over the longer term. The managers though are expected to deliver this out-performance at different stages of the market cycle.



Australian Unity Intech High Opportunity Trust - Retail Units
APIR Code AUS0006AU
Inception date July 2005
Minimum Initial Investment $1,000
Minimum Additional Investment $500
Minimum Regular Saving Plan $100 per month
Entry/Contribution Fee 4.10%
Minimum Withdrawal Amount $1,000
Exit/Withdrawal Fee Nil
Management Costs 2.20% pa
Buy/Sell Spread Buy: 0.25% Sell: 0.25%
Income Distributions Half-yearly

Manager Selection
Intech work closely with their global partner RogersCasey, one of the largest asset researchers and consultants in the United States, to identify quality international investment managers for the Underlying Fund.

Intech together with RogersCasey, use a rigorous manager research process that is asset sector specific and involves comprehensive filtering and screening processes. This process results in a suitable manager ‘buy list’ that is incorporated into the Underlying Fund.

Intech’s investment specialists vigorously research investment managers to identify exceptional talent. From this group of talented managers, Intech undertakes further qualitative and quantitative research to select those managers most likely to outperform. These managers are then combined to produce the best blend of differing investment styles and expected outcomes of their investment convictions. All of Intech’s selected investment managers are expected to deliver investment returns in excess of their performance benchmarks over the longer term.

Selecting only the best specialist managers is the key to achieving good multi-manger performance results. Intech believe that successful managers exhibit sustainable competitive advantages.

The main factors considered in Intech’s assessment of managers are:
 
People – the most important aspect;
Process – complementary with the people, their investment philosophy and funds under management;
Business management – aligned with the interests of clients.

As at 31 October 2007, the underlying manager allocation within the portfolio was:
 
Manager Style Allocation
(%)
Altrinsic Non-US Value

11.2

Axiom Global Growth

10.0

Bernstein Global Value

17.6

Marathon Global Value

17.5

Pzena US Value

11.2

Sands Capital US Growth

12.5

Trilogy Global Growth

8.2

William Blair Non-US Growth

11.8


Intech may add or remove an investment manager without providing you with prior notice.

The current portfolio of underlying investment managers in the Intech International Shares High Opportunities Trust can be found at www.australianunityinvestments.com.au/hot

Derivatives
The investment managers may use derivatives in the management of the funds, but will generally not use derivatives for gearing purposes or speculative activities.


More information
The Fund’s performance and unit prices are available to view at: http://www.australianunityinvestments.com.au/hot

Important information

This investment product is issued by Australian Unity Funds Management Limited ABN 60 071 497 115, AFS Licence No 234454. This information is intended only to provide a broad summary of this financial product. Investment decisions should not be made upon the basis of its past performance or distribution rate, since future returns will vary. You should refer to the Product Disclosure Statement dated 7 December 2007 if you wish to know more about this product. The information provided here was current at the time of publication only.

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