BC Invest
Australian Credit Fund
Key Features of the Fund
| Fund Name | BC Invest Australian Credit Fund |
| Investment Manager | BC Invest Funds Management Pty Ltd |
| Responsible Entity | The Trust Company (RE Services) Limited |
| Custodian | Perpetual Corporate Trust Pty Ltd |
| Registry and Portfolio Administrator | Link Fund Solutions Pty Ltd |
| Target investors | Wholesale and retail investors, including self-managed superannuation fund investors who seek to allocate a portion of their overall investment portfolio to the asset class for diversification purposes and whose investment objectives for the allocation include receiving an attractive and regular income return and preserving capital.
The Target Market Determination (TMD) describes who this product may be suitable for based on likely needs, objectives and financial situation. A TMD for each of the Class A Units is available for download online at below:
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| Investment amounts |
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| Investment Anniversary Date (minimum holding period) | 3 months to 2 years from the date your application is accepted by the RE |
| Income frequency | Income is accrued daily and paid monthly |
| Unit pricing | The Fund’s net asset value (NAV) per Unit is calculated each Business Day at the close of business. |
| Applications | Applications are processed daily. |
| Withdrawals | Withdrawal requests are subject to the terms of investment. Investors can access their investment by providing a completed, written Withdrawal Notice to the Registry prior to the Notice Date applicable to the class of Unit held. |
| Notice Date | The Notice Date refers to a date prior to the Anniversary Date of the investment. For Class A1 3-month Green Units and Class A2 6-month Green Units, for a Withdrawal Notice to be processed on the applicable Anniversary Date, the notice must be received at least ten (10) calendar days prior to the Anniversary Date of the investment. For Class A3 and Class A4 Units, notice must be received at least thirty (30) days prior to the Applicable Anniversary Date of the investment. |
| Switching | Investors can apply to switch their investment into a different class of Unit at the Anniversary Date of their initial investment. Investment Switch requests received within 30 days of the Anniversary Date will be processed on that date subject to the application cut-off time, or the next Business Day if the date is not a Business Day. The Investment Switch form can be downloaded online at (Coming soon). |
| Management fees | 0.30% per annum of the NAV of the Fund (including GST net of RITC) |
Target Income Return Rates
| Investment Options1 | (after fees and expenses) |
|
|---|---|---|
| Class A1 3-month Green Units3 |
6.70% p.a. | Learn more |
| Class A2 6-month Green Units3 |
7.20% p.a. | Learn more |
| Class A3 1-year |
8.00% p.a. | Learn more |
| Class A4 2-year |
8.00% p.a. | Learn more |
Notes: 1. Each investment option or class of Unit is differentiated by its Anniversary Date or minimum holding period which commences on the day your application is accepted by the RE. 2. The Target Income Return rates are variable, reviewed at least quarterly, may be subject to change from time to time, and are not guaranteed. The rates reflect the maximum return that will be paid to investors holding that class of Units. 3. The Class A1 3-month Green Units and Class A2 6-month Green Units have been certified as Climate Bonds by the Climate Bond Initiative. It is not guaranteed that this certification will be retained, and the Climate Bond Initiative may withdraw the certification at any time in its absolute discretion. Investors will not have a right to withdraw if the certification is not retained.
Unit Price
| Prices at 27/11/2023 | Application Price | Net Asset Backing, per Unit | Redemption Price | Target Income Return Rate* | Unit Price History |
|---|---|---|---|---|---|
| Class A1 3-month Green Units1 | $1.00 | $1.00 | $1.00 | 6.70% | Click here |
| Class A2 6-month Green Units1 | $1.00 | $1.00 | $1.00 | 7.20% | Click here |
| Class A3 1-year | $1.00 | $1.00 | $1.00 | 8.00% | Click here |
| Class A4 2-year | $1.00 | $1.00 | $1.00 | 8.00% | Click here |
* Annualised rate, paid monthly
Notes: The Class A1 3-month Green Units and Class A2 6-month Green Units have been certified as Climate Bonds by the Climate Bond Initiative. It is not guaranteed that this certification will be retained, and the Climate Bond Initiative may withdraw the certification at any time in its absolute discretion. Investors will not have a right to withdraw if the certification is not retained.
Portfolio Structure
BC Invest Australian Credit Fund
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Class A13-month1Green Units
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Class A26-month1Green Units
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Class A3
1-year -
Class A4
2-year
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Loan Notes
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Public RMBS
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Cash and deposits
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Australian residential first mortgages (secured) to non-resident and resident borrowersFirst mortgages to non-residents and SMSF borrowers secured against residential and commercial propertiesWhole loansConstruction loans2
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First mortgages (secured) to prime borrowers, SME and SMSF resident borrowersAustralian resident and non-resident receivables secured against residential properties
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Cash at callTerm depositCash equivalents
- Responsible entity
- Custodian
- Registry
- Portfolio administration
Notes: 1. Capital raised from this this unit class is invested in Loan Notes where the underlying mortgage loans meet the BC Group’s Green Financing Framework. 2. Maximum exposure to construction loans is 10% of the Fund’s NAV and the maximum weighted average loan size not greater than $500,000.
Asset Allocation
| Asset Type | Target Asset Allocation Range |
| Cash and cash equivalents | 5% - 25% |
| Residential Mortgage-Backed Securities (RMBS, public issues) | 0% - 75% |
| Loan Notes (private mortgage and asset-backed securities) | 0% - 85% |
Fund Information
Following recent amendments to the Corporations Act; where you have provided us with your email address, we will now send notices of meetings, other meeting-related documents and annual financial reports (each a “Communication”) to you electronically unless you elect to receive these in physical form and notify us of this election.
You have the right to elect whether to receive some or all of these Communications in electronic or physical form and the right to elect not to receive annual financial reports at all. You also have the right to elect to receive a single specified Communication on an ad hoc basis, in an electronic or physical form.
Forms
| Application Form | Invest in BC Invest Australian Credit Fund |
| Additional Investment Form | Add to your existing investment in the BC Invest Australian Credit Fund |
| Change of Details Form | Update your holding details here |
| Switching Form | Switching your investment to another Class A Unit1 (Coming soon) |
| Transfer Form | Transferring your investment to another individual or entity |
| Withdrawal Form | Make a withdrawal from the BC Invest Australia Credit Fund2 |
Notes: 1. Switching requests are subject to the minimum Notice Dates described in the PDS. Any switch request will take effect on the Anniversary Date of the initial investment, provided a correctly completed Switching Notice is submitted to the registry on or behalf the applicable Notice Date. 2. Withdrawal requests are subject to the terms of issue for each class of Unit. Investors can access their investment by providing a completed, written Withdrawal Notice to the Registry up to and including the Notice Date applicable to the class of Unit held. Withdrawals prior to the Anniversary Date of your investment are generally not permitted. However, the Responsible Entity may consider a written request for each withdrawal at its sole discretion.
Invest with us
We are a proud investment partner of BC Investment Group (BC Invest), a fast-growing diversified financial services group, headquartered in Hong Kong SAR, with Australian assets under management (AUM) of $5.3 billion. BC Invest has over 180 staff in 11 offices operating across Australia, Hong Kong SAR, China, United Kingdom and parts of South-East Asia. BC Invest offers a seamless combination of personal and financial services that seek to give clients a total financial solution, through mortgage lending, investment management, tax and accounting services.
The Trust Company (RE Services) Limited is the responsible entity of the BC Invest Australian Credit Fund. Any correspondence you receive relating to your investment in the Fund will be from BC Invest Funds Management Pty Ltd.
Need assistance? Contact BC Invest.
Disclaimer: The information on this webpage relating to BC Invest Australian Credit Fund (the Fund) has been prepared by BC Invest Funds Management Pty Ltd (ABN 71 662 913 448, corporate authorised representative (CAR 1299480) of BC Capital Pty Ltd AFSL 435500) as the investment manager of the Fund and issued by The Trust Company (RE Services) Limited (ABN 45 003 278 831, AFSL 235150) as responsible entity and the issuer of units in the Fund. It is general information only and is not intended to provide you with financial advice, and has been prepared without taking into account your objectives, financial situation or needs. You should consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD) prior to making any investment decisions. The PDS and TMD are available by calling us at +613 9069 2727 or visiting our website http://www.bcinvest.co/investment-australian-credit-fund. If you require financial advice that takes into account your personal objectives, financial situation or needs, you should consult your licensed or authorised financial adviser. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information.
No company in the Perpetual Group (Perpetual Limited (ABN 86 000 431 827) and its subsidiaries) guarantees the performance of any fund or the return of an investor’s capital.
This document is not intended to create legal relations and is not binding on BC Invest Funds Management Pty Ltd (ABN 71 662 913 448) its affiliates, subsidiaries, associated entities, associates, related parties, directors, officers, employees, advisers (including financial, accounting and legal advisers) or representatives (collectively known as “BC Investment Group”) or any other person under any circumstances whatsoever, and it has been prepared in good faith and is based on information obtained from sources believed to be reliable, however BC Investment Group or any other person does not make any representation or warranty that it is accurate, complete or up to date.
The information may be based on certain assumptions or market conditions, and if those assumptions or market conditions change, this information may change. No independent verification of the information has been made. Any quotes given are indicative only. No part of this document is to be construed as a solicitation to buy or sell any product, or to engage in, or refrain from engaging in, any transaction. Past performance is not indicative of future performance.
BC Invest Funds Management Pty Ltd
ACN 662 913 448
Authorised Representative No. 1299480 under AFS License No. 435500
(BC Capital Pty Ltd)
BCIFM is a member of the BC Investment Group Holdings Limited Group of Companies (BC Group)