22 February 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 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 30 June 2018.
Section 6.1.2 of the PDS, and the fees and costs section of the Fund’s Additional Information Document dated 17 April 2015, should be read accordingly.
If you have any questions, please contact your financial adviser or Cromwell Investor Services on 1300 276 693.
Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333214 (“CFM”) has prepared this notice and is the responsible entity of, and the issuer of units in, the Cromwell Phoenix Opportunities Fund ARSN 602 776 536 (“Fund”). In making an investment decision in relation to the Fund, it is important that you read the product disclosure statement dated 17 April 2015 (“PDS”). The PDS is issued by CFM and is available from www.cromwell.com.au/pof or by calling Cromwell Investor Services on 1300 276 693. Applications for units in the Fund can only be made on the application form accompanying the PDS. This notice has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision, you should consider the PDS and assess, with or without your financial or tax adviser, whether the Fund fits your objectives, financial situation or needs. CFM and its related bodies corporate, and their associates, do not receive any remuneration or benefits for the general advice given in this [report]. If you acquire units in the Fund, CFM and certain related parties may receive fees from the Fund and these fees are disclosed in the PDS.
Phoenix Portfolios Pty Ltd ABN 80 117 850 254 AFSL 300302 (“Phoenix”) is the investment manager of the Fund. None of CFM, Phoenix, nor their related entities, directors or officers makes any promise or representation, or gives any guarantee as to the success of the Fund, distributions, the amount you will receive on withdrawal, your income or capital return or the tax consequences of investing.
Please note: Any investment, including an investment in the Fund, is subject to risk. If a risk eventuates, it may result in reduced distributions and/or a loss of some or all of the capital value of your investment. See the PDS for examples of key risks. Past performance is not a reliable indicator of future performance. Forward-looking statements in this notice are provided as a general guide only. Capital growth, distributions and tax consequences cannot be guaranteed. Forward-looking statements and the performance of the Fund are subject to the risks and assumptions set out in the PDS.