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UBS Global Access Fund

UBS Global Access Fund
Rebate 2.00% as additional units
1.00% Loan Establishment Fee Waived
Closing Date Closed
Minimum Investment $20,000
Research   Lonsec Recommended
 

 
Access growth opportunities linked to regional equity indices and the comfort of 90% capital protection at maturity1

Access your choice of exposure referable to three major equity market indices:

  • Class D—US
  • Class E—Asia excluding Japan
  • Class F—Australia

  • Key Features and Benefits
     
    Comfort of 90% capital protection on the Capital Protection Date (31 July 2013)
    Diversification: access to a variety of regional equity markets through broad based index exposure
    Simplicity : ability to choose from three investment themes
    Potential for enhanced exposure: Potential participation rates up to 130% for Class D, 130% for Class E and 150% for Class F, fixed for the investment term2
    International investment options with the benefit of full currency hedging on the Capital Protection Date
    Optional 90% Principal Investment Loan: available for approved individuals, companies or family trusts
    Optional 90% Limited Recourse Loan: available for approved SMSFs
    Minimum investment amount of $20,000
    Investment term of 4 years and 8 months
    Minimum Principal Investment Loan of $45,000

    Indicative Participation Rates

    Class Reference Asset3 Capital Protection Level Indicative Participation Range Participation Rate as 13 November 20084
    D S&P 500 Index 90% 100-130% 105%
    E MSCI AC Asia ex Japan Index 90% 100-130% 100%
    F S&P / ASX 200 Index 90% 120 – 150% 135%

    * These are indicative rates only. Final participation rates will not be set until the date on which the underlying investments are acquired by the Fund (around 12 December 2008) and those rates may be different to the rates listed in this table. If the actual participation rate for a class is less than the indicative participation range then the units in the class will be compulsorily redeemed and withdrawal proceeds (reflecting application moneys free of any withdrawal fees) will be refunded without interest.

    90% Lending Options for you and your SMSF 

    Interest Payment Type Description Indicative Interest Rate (% p.a.)
    1. Principal Loan Annual in Advance – Fixed Rate fixed for the full term – interest paid in advance at inception and then June each year until Maturity. 8.95%
    2. Principal Loan 100% in Advance – Prepaid Available for Superannuation & Non Superannuation Fund borrowers. Rate fixed for the full term – 100% of interest paid in full at inception. 8.50%
    3. Principal Loan Annual in Advance – Variable Rate set at inception and then reset in May each year until Maturity – interest prepaid at inception and then June each year to Maturity. 9.25%
    4. Principal Loan Monthly Variable Rate set at inception and then reset in May each year until Maturity – Interest paid in monthly instalments. 9.65%

    The minimum loan amount is $45,000 (corresponding to an investment in the Fund of $50,000).

    Key Dates:

    Offer Period Opens: 8 October 2008
    Offer Period Closes: 5pm (Sydney time) 2 December 2008
    Capital Protection Date: 31 July 2013

    Who should invest?

    You may consider an investment in the UBS Global Access Fund if you:
     
    are looking to diversify your portfolio and access global markets
    would like to invest with the comfort of 90% Capital Protection on the Capital Protection Date
    seek potential for investment growth over the medium term
    would like an investment with potentially enhanced exposure to selected regional equity markets
    want to take advantage of a lending facility (also available for SMSF’s) to fund 90% of your investment

    At a glance

    Investment Name UBS Global Access Fund (ARSN 130 791 338)
    Unit Classes Class D — US equities (Index referenced exposure)

    Class E — Asia ex Japan equities (Index referenced exposure)

    Class F — Australian equities (Index referenced exposure)

    Offer Period 8 October 2008 – 2 December 20085
    Unit Issue Date 11 December 2008
    Trade Date 12 December 2008 (the DPAs will be entered into on this date)
    Capital Protection on the Capital Protection Date6 90%
    Capital Protection Date 31 July 2013
    Liquidity Monthly redemptions available
    Minimum Investment $20,000 in the Fund as a whole, ($10,000 per Class) and thereafter increments of $10,000
    Minimum Loan Application $45,000 (corresponding to an investment in the Fund of $50,000) and thereafter in loan increments of $9,000
    Management Costs Estimated to be 0.5% p.a. of the issue price of units outstanding at the beginning of each payment period in a class of units. The responsible entity intends to pay Fund expenses out of the management costs, but may be reimbursed out of Fund assets where unanticipated expenses are incurred.
    Loan Establishment Fee 1.1% (incl. GST) of the Principal Loan Amount payable by the Borrower to UBS (this amount will be debited from your nominated account). This fee may be waived by UBS.
    Withdrawal Fee Between $0 and $0.0125 per Unit, depending on date of withdrawal. See Section 8 of the PDS for more information.
    Adviser Remuneration Non-Loan Applications: Your adviser may receive an upfront adviser commission of 2.2% (inclusive of GST) of the application amount as agreed between you and your adviser. This fee will be added to your application amount and will be payable by you.

    Loan Applications
    : If applying for a UBS Investment Loan, your adviser may receive from UBS a one off adviser commission equal to either 1.1% of your initial Loan Amount or 2.2% of your initial Loan Amount. This commission will be paid by UBS out of its own funds. In addition UBS may pay out of its own funds a Loan trailing commission of 0.55% p.a. (inclusive of GST) to advisers based on the total Principal Loan Balance on 30 June 2009, 30 June 2010, 30 June 2011 and 30 June 2012 for the financial year commencing on that date.

    This is not an exhaustive list of adviser remuneration. See Section 8 of the PDF for details on adviser remuneration.
    Risks Risks apply to an investment in the UBS Global Access Fund, including risks associated with flat or negative performance of the underlying investments, loss of 90% capital protection, leverage risk arising from participation rates greater than 100%, counterparty risk exposure to UBS AG as provider of the deferred purchase agreements to the UBS Global Access Fund, limited liquidity and opportunity cost. Refer to the PDS for a full disclosure of the risks of investing.

    Notes:


    90% capital protection is provided to the Fund and not to individual unitholders directly and while the responsible entity of the Fund intends to pass this benefit on to unitholders, it may be impacted by unexpected expenses incurred by the Fund. As such, 90% capital protection will not apply to unitholders if units are redeemed prior to, or after, the Capital Protection Date and may not apply in certain limited circumstances. The 90% capital protection described above will only apply on the Capital Protection Date. Please refer to the PDS for more information.

    2
    Actual participation rates will be set on the trade date (12 December 2008). Participation rates may change if there is an adjustment event. See Section 4 of the PDS for more information

    3 See Section 3 of the PDS for details on the indicies constituting the Reference Assets.

    4 These are indicative rates only. Final participation rates will not be set until the date on which the underlying investments are acquired by the Fund (around 12 December 2008) and those rates may be different to the rates listed in this table. If the actual participation rate for a class is less than the indicative participation range then the units in the class will be compulsorily redeemed and withdrawal proceeds (reflecting application moneys free of any withdrawal fees) will be refunded without interest.

    5 The dates set out above are indicative only and the responsible entity may extend or shorten the offer period without notice, in which case the dates may vary accordingly.

    6 90% capital protection is provided to the UBS Global Access Fund and not to individual unitholders directly and while the responsible entity of the Fund intends to pass this benefit on to unitholders, it may be impacted by unexpected expenses incurred by the Fund. As such, 90% capital protection will not apply to unitholders if units are redeemed prior to, or after, the Capital Protection Date and may not apply in certain limited circumstances. The 90% capital protection described above will only apply on the Capital Protection Date. Please refer to the PDS for more information.

    IMPORTANT INFORMATION
    This document has been issued by Valuestream Investment Management Limited (ABN 66 094 107 034, AFSL 246621) (VIML) as at 13 November 2008 for information purposes only. VIML is not licensed to provide financial product advice in relation to the product and recommends that investors obtain the Product Disclosure Statement dated 8 October 2008 (as supplemented by the Supplementary Product Disclosure Statement dated 13 November 2008) (PDS) for the UBS Global Access Fund, ARSN 130 791 338 (Fund) and read it before making a decision to acquire Units in the Fund. A 14 day "cooling off" period applies to retail investors in the Fund. Please refer to Section 10 of the PDS for more information. The terms of the Fund are contained in the PDS for the offer of Units in the Fund, issued by VIML in its capacity as the responsible entity of the Fund. The PDS has not been lodged, and is not required to be lodged with the Australian Securities and Investments Commission (ASIC). VIML will notify ASIC that this PDS is in use in accordance with the Corporations Act. ASIC and its officers take no responsibility for the contents of this PDS. The PDS is available from UBS by calling 1800 048 416 or VIML by calling (02) 9271 0915. VIML and its related entities, and its directors and employees may have pecuniary or other interests in the Fund and or its investments by acting as the responsible entity of the Fund. VIML will receive fees for acting in this capacity, however these fees will not be payable by the Fund.

    This document does not take into account your investment objectives, financial situation or particular needs. Accordingly, nothing in this document or the PDS is a recommendation by VIML, UBS AG Australia Branch (ABN 47 088 129 613, AFSL 231087) (UBS) or their related entities or by any other person concerning investment in the Units and before acting on this information, you should consider its appropriateness having regard to your situation. We recommend that you not only consider the information in the PDS but also obtain independent financial and taxation advice as to the suitability of an investment in the Units for you (bearing in mind your investment objectives, financial situation and particular needs). The Fund is only available to persons receiving the PDS in Australia. The PDS does not constitute an offer of Units in any place in which, or to any person to whom, it would not be lawful to make such an offer. The distribution of the PDS in jurisdictions outside Australia may be restricted by law and any person who resides outside Australia into whose possession this information comes (including nominees, trustees or custodians) should seek advice on and observe those restrictions.

    Information in this document is subject to change from time to time and neither VIML nor UBS is obliged to update or maintain the accuracy of this information. Capitalised terms used in this document have the meaning given to them in the PDS and the IM.

    UBS is a foreign Authorised Deposit-Taking Institution (ADI) under the Banking Act 1959 (Cth), and is supervised by the Australian Prudential Regulation Authority. However, it is important for you to note that Units in the Fund, the DPAs and Reference Assets are not deposit products and will not be covered by the depositor protection provisions set out in Division 2 of Part II of the Banking Act 1959 (Cth) as these provisions do not apply to foreign ADIs. UBS is not the issuer of the Units in the Fund or the PDS. UBS faces the Fund as principal in its transactions so Unitholders will have no recourse to UBS at any time in connection with the Fund’s investment in the DPAs or the Reference Assets themselves and are not entitled to make any claims against UBS in relation to the Fund’s investment in the DPAs.

    UBS Investment Loans are provided by UBS. Investors who borrow using the UBS Investment Loan to purchase units in the Fund should obtain a copy of and read the Information Memorandum for the UBS Investment Loan dated 27 May 2008 ("IM") prior to investing. Copies of the IM are available from your financial advisor or by contacting UBS direct on 1800 633 100. Investors are also encouraged to seek professional legal, taxation and financial advice as required regarding the suitability of using the UBS Investment Loan. Nothing in this document should be construed as financial product advice or a recommendation or solicitation to invest using the UBS Investment Loan. VIML is not a party to the provision of the Loan.
     

    Simply download an Investment Brochure/PDS above. It’s that easy!

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