Cromwell follows ASIC’s good practice guidance for website disclosure of material information. This means that all material information in relation to the Cromwell Phoenix Opportunities Fund will be posted on this webpage as soon as practicable after Cromwell becomes aware of it.
19 October 2020
Updated Annual Fees & Costs and Transactional & Operational Costs for the financial year ended 30 June 2020
Cromwell Funds Management Limited (CFM) is the Responsible Entity of the Cromwell Phoenix Opportunities Fund (the Fund).
Annual Fees and Costs
In section 6 of the Fund’s product disclosure statement dated 29 September 2017 (PDS), CFM provides a breakdown of management costs and an example of the annual fees and costs associated with an investment in the Fund.
CFM wishes to update this disclosure based on amounts for the financial year ended 30 June 2020:
6. Fees and costs
... More >16 October 2020
No distribution payable for September 2020 Quarter
Cromwell Funds Management Limited (CFM) is the Responsible Entity of the Cromwell Phoenix Opportunities Fund (the Fund).
CFM wishes to advise that the Fund will not pay a September quarter distribution. Distributions from the Fund have historically fluctuated significantly, and we expect this will also be the case moving forward. While the return in any period is based on a combination of income and capital gains (both realised and unrealised), we only distribute realised profits. The... More >
21 May 2020
Administration Costs Capped Until 30 June 2021
Cromwell Funds Management Limited (CFM) is the Responsible Entity of the Cromwell Phoenix Opportunities Fund (the Fund).
As disclosed in section 6.1.2 of the Fund’s product disclosure statement dated 29 September 2017 (PDS), CFM agreed to cap administration costs at 0.15% per annum of the Fund’s Net Trust Value until 30 June 2018 and bear any normal administration cost in excess of this amount. CFM subsequently extended the cap until 30 June 2019, as released on... More >
14 October 2019
Updated Annual Fees & Costs and Transactional & Operational Costs for the financial year ended 30 June 2019
Click here to view the Continuous Disclosure Notice
... More >28 June 2019
Withholding tax changes for non-resident investors
Cromwell Funds Management Limited (CFM) is the responsible entity of the Cromwell Phoenix Opportunities Fund (the Fund).
As disclosed in the Fund’s Additional Information Document dated 29 September 2017 (AID), CFM is required to withhold tax on a non-resident investor’s behalf in respect of any Australian taxable income distributed or attributed by the Fund.
From 1 July 2019, a withholding tax rate of 30% will apply to distributions of any income relating to cross staple... More >
01 November 2018
Update to Complaints Handling Process
Click here to view the update to complaints handling process.
... More >22 October 2018
Updated Annual Fees & Costs and Transactional & Operational Costs for the financial year ended 30 June 2018
Click here to view the Continuous Disclosure Notice
... More >27 June 2018
Administration Costs Capped Until 30 June 2019
Cromwell Funds Management Limited (CFM) is the Responsible Entity of the Cromwell Phoenix Opportunities Fund (the Fund).
As disclosed in section 6.1.2 of the Fund’s product disclosure statement dated 29 September 2017 (PDS), CFM agreed to cap administration costs at 0.15% per annum of the Fund’s Net Trust Value until 30 June 2018 and bear any normal administration cost in excess of this amount.
CFM has agreed to cap administration costs until 30 June 2019.
Section 6.1.2 of... More >
29 January 2018
Cromwell Phoenix Opportunities Fund closed to investment
Cromwell Funds Management Limited (CFM) is the responsible entity of the Cromwell Phoenix Opportunities Fund ARSN 602 776 536 (Fund).
On and from Friday 26 January 2018, the Fund will no longer accept applications for investment.
Distribution reinvestment and redemptions from the Fund are still available.
If you have any questions, please contact Cromwell’s Investor Services Team on 1300 CROMWELL (1300 276 693) or email invest@cromwell.com.au.
Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333214 (“CFM”)... More >
29 September 2017
Issue of new Cromwell Phoenix Opportunities Fund Product Disclosure Statement
Cromwell Funds Management Limited (CFM) is the responsible entity of the Cromwell Phoenix Opportunities Fund (Fund).
Units in the Fund were available for subscription under a product disclosure statement dated 17 April 2015 (2015 PDS).
Units are now available for subscription under a new product disclosure statement dated 29 September 2017 (2017 PDS), and the 2015 PDS is no longer applicable.
The fees and costs section of the 2017 PDS... More >
05 July 2017
Cromwell Phoenix Opportunities Fund Election to be an Attribution Managed Investment Trust
Click here for the full update
... More >27 March 2017
Cromwell Phoenix Opportunities Fund – Constitution Amendments
16 March 2017
Notice of Proposed Trust Constitution Amendments
Cromwell Phoenix Opportunities Fund (ARSN 602 776 536) (“Trust”) is eligible to be an Attribution Managed Investment Trust (“AMIT”) and to apply the new income tax regime for managed investment trusts that was recently enacted under the Tax Laws Amendment (New Tax System for Managed Investment Trusts) Act 2016 (Cth)(“AMIT regime”). The key feature under... More >
28 February 2017
Cromwell Phoenix Opportunities Fund closed to new investors
Cromwell Funds Management Limited (CFM) is the responsible entity of the Cromwell Phoenix Opportunities Fund ARSN 602 776 536 (the Fund).On and from Tuesday 28 February 2017, the Fund will no longer accept applications from new investors. Existing investors can apply for additional units. If you have any questions, please contact Cromwell Investor Services on 1300 CROMWELL (1300 276 693) or email invest@cromwell.com.au. CFM may in the future not accept further applications... More >
22 February 2017
Administration Costs Capped Until 30 June 2018
Cromwell Funds Management Limited (CFM) is the Responsible Entity of Cromwell Phoenix Opportunities Fund (the Fund).
As disclosed in section 6.1.2 of the Fund’s product disclosure statement dated 17 April 2015 (PDS), CFM agreed to cap administration costs at 0.15% per annum of the Fund’s Net Trust Value until 30 June 2016 (subsequently extended to 30 June 2017) and bear any normal administration cost in excess of this amount.
CFM has agreed to cap administration costs until... More >
07 February 2017
Fund size capped at $40 million
Cromwell Funds Management Limited (CFM) is the responsible entity of the Cromwell Phoenix Opportunities Fund (the Fund).
As disclosed in section 3 (Benefits of investing in the Cromwell Phoenix Opportunities Fund) of the Fund’s product disclosure statement dated 17 April 2015 (PDS), CFM initially capped the Fund size at $50 million of Net Trust Value and CFM reserved the right to vary amounts.
CFM has now capped the Fund size at $40 million of Net Trust... More >
01 April 2016
Administration Costs Capped Until 30 June 2017
Cromwell Funds Management Limited (CFM) is the Responsible Entity of Cromwell Phoenix Opportunities Fund (the Fund).
As disclosed in section 6.1.2 of the Fund’s product disclosure statement dated 16 February 2016 (PDS), CFM agreed to cap administration costs at 0.15% per annum of the Fund’s Net
Trust Value (calculated by dividing the sum of the opening monthly Net Trust Value and closing monthly Net Trust Value by two) until 30 June 2016 and bear any normal administration... More >
29 February 2016
Government Managed Investment Trust Review
The Australian Government has introduced a Bill which proposes a new tax regime for Managed Investment Trusts (MITs). If enacted, the regime will take effect from the 2016-17 income year, unless the trustee of the MIT chooses to apply the rules from the 2015-16 income year.
Cromwell Funds Management Limited (CFM) as responsible entity of the Cromwell Phoenix Opportunities Fund is currently reviewing the implications of choosing to elect to be an Attribution MIT under the... More >
18 February 2016
Admission to ASX mFund Settlement Service
Cromwell Funds Management Limited is pleased to announce that the Cromwell Phoenix Opportunities Fund (“the Fund”) is now available via the ASX mFund Settlement Service. The Fund’s mFund code is “CFM02”. Admission of the Fund to mFund will not effect any material changes to existing investors’ holdings and will not result in any change or additional fees and costs to the Fund. If you have any questions, please contact your financial adviser or Cromwell Investor... More >
09 February 2016
Foreign Account Tax Compliance Act (FATCA)
The Foreign Account Tax Compliance Act (“FATCA”) is United States (“US”) tax legislation that enables the US Internal Revenue Service to identify and collect tax from US residents that invest in assets through non-US entities. If you are a US resident for tax purposes, then you should note that the Cromwell Phoenix Opportunities Fund (“Fund”) is or is expected to be a ‘Foreign Financial Institution’ under FATCA and it intends to comply with its FATCA... More >
17 April 2015
Amendment to Cromwell Phoenix Opportunities Fund Constitution
Cromwell Funds Management Limited (CFM) is the Responsible Entity (RE) of the Cromwell Phoenix Opportunities Fund (the Fund).
Under the Fund’s Constitution, CFM as the RE of the Fund is entitled to a Management Fee of 1% per annum of the total gross value of all Trust Property. CFM had elected to waive that Management Fee.
CFM has resolved to modify the Fund’s Constitution so that CFM is not entitled to a Management Fee.
CFM has notified the... More >
17 April 2015
Issue of Cromwell Phoenix Opportunities Fund Product Disclosure Statement
Cromwell Funds Management Limited (CFM) is the Responsible Entity (RE) of Cromwell Phoenix Opportunities Fund (the Fund).
Units in the Fund were available for subscription under an information memorandum dated 1 December 2014 (IM).
The IM has been discontinued and units in the Fund are available for subscription under a product disclosure statement dated 17 April 2015 (PDS).
All other details – including investment philosophy, initial cap on Fund size, and fees and costs – remain unchanged.
The PDS... More >
05 March 2015
Continuous Disclosure Notice
Daryl Wilson, Executive Director of Cromwell Property Group (ASX:CMW) (Cromwell), has retired as a director of Cromwell Property Securities Limited, Cromwell Corporation Limited and all Cromwell subsidiaries.
If you have any questions, please contact Cromwell Investor Services on 1300 CROMWELL (1300 276 693) or email invest@cromwell.com.au.
... More >