Cromwell Phoenix Opportunities Fund


The Fund’s year end for tax purposes is 30 June.  The total annual distribution and tax components are advised in the Attribution Managed Investment Trust Annual (“AMMA”) Statement sent to unitholders each year.

Attribution Managed Investment Trust Regime

The Responsible Entity of the Fund made an irrevocable election to be an Attribution Managed Investment Trust (“AMIT”) for all years beginning from 1 July 2017.

Your AMMA Statement provides the components of the distribution that have been attributed to you each financial year.

Australian resident taxpayers include in their assessable income their attributed amount of determined trust components (including any net capital gains of the Fund). These attributed amounts are included in a resident taxpayer’s assessable income for tax purposes irrespective of when the cash in respect of the attributed amounts is received.

For more information regarding the AMIT regime please visit the Australian Taxation Office’s website at

Income Tax Distribution Components

Unitholders should rely on their tax statement when completing their income tax return.  For information purposes only, the below document outlines the applicable income tax component percentages for the past income tax years.

Income Tax Guides

The below tax guides are provided to assist Australian resident individual unitholders to understand their tax statements and to prepare their income tax returns.

AMMA Statement Guides (when the Fund was an AMIT)

Tax Guides (when the Fund was not an AMIT)

Distribution Components for Non-Resident Withholding Tax Purposes

The below Fund Payment disclosures are provided for the purposes of the withholding tax obligations contained in subdivision 12-H of the Taxation Administration Act 1953 (Cth). These documents should not be used for any other purpose. In particular, Australian resident unitholders should not rely on these notices for the purposes of completing their income tax returns. Rather, unitholders should refer to their Annual Tax Statement or AMMA Statement when completing their income tax returns.

Fund Payment Notices

Capital Gains Tax

When you invest in the Fund you acquire units which are assets for capital gains tax purposes.

Unitholders should refer to the ATO’s document titled “Personal Investors Guide to Capital Gains Tax” to determine their capital gains tax obligations.  In particular unitholders should be careful to adjust their tax cost base of their units for tax deferred and/or AMIT cost base net amount excess/shortfall adjustments as outlined in their Annual Tax Statement or AMMA Statement provided each year.

This is general information, not tax advice

The above tax information has been prepared for general information purposes only and should not be relied upon as tax advice. This information should be read in conjunction with the ATO’s publications. This investment can give rise to complex tax issues and as each unitholder’s particular circumstances are different we recommend that you consult your professional tax adviser for specific advice. While every effort is made to provide accurate and complete information, Cromwell Funds Management Limited (“CFM”) does not warrant or represent that this information is free of errors or omissions or is suitable for your intended use and personal circumstances. Subject to any terms implied by law which cannot be excluded, CFM accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation.