Notice of PDS Update: Regnan Global Equity Impact Solutions Fund (Class R and W)

We have updated and reissued the Product Disclosure Statements (PDSs) for the following classes of units in the Regnan Global Equity Impact Solutions Fund (the Fund), effective on and from Monday, 2 September 2024: 

• Regnan Global Equity Impact Solutions Fund – Class R
• Regnan Global Equity Impact Solutions Fund – Class W

The following is a summary of the key changes to the PDSs.

Labour, Environmental, Social, Governance and Ethical (ESG) disclosure

We have enhanced our ESG disclosure to describe the Fund’s impact objective and the eight impact themes targeted by the Fund.

We have also provided clarification that the Fund may hold cash and may use derivatives from time to time and that exclusionary screens are not applied to the Fund’s investments in cash or derivatives. The use of derivatives may result in the Fund having indirect exposure to the excluded companies.

There has been no change to the Fund’s investment approach, or the exclusionary screens employed by the Fund.

Updates to significant risks disclosure

The Fund’s investment strategy involves specific risks.

We have updated the significant risks disclosure applicable to the Fund to ensure that our disclosure continues to align with the nature and risk profile of the Fund and the current economic and operating environment.

Updates to ongoing annual fees and costs disclosure

The estimated ongoing annual fees and costs for the Fund has been updated to reflect financial year 2024 fees and costs. These include changes to estimated management costs and estimated transaction costs.

We now also disclose the maximum management fee we are entitled to charge under the Fund’s constitution.

Updates to restrictions on withdrawals

We have updated the disclosure on restrictions on withdrawal to align closer to what is in each Fund’s constitution.

Additional information on how to apply for direct retail investors

We have provided additional information for non-advised retail investors (retail investors without a financial adviser) investing directly in Class R units of the Fund who may also be required to complete a series of questions as part of their online Application, to assist us in understanding whether they are likely to be within the target market for a Fund.

Updates to our complaints handling process

We have provided additional details about our complaints handling process and the Australian Financial Complaints Authority.