Investment documents and forms

The Indirect Cost Ratio (ICR) for all investment funds have been reviewed taking into consideration transaction costs and certain investment-related costs incurred within the investments during the period 1 July 2019 to 30 June 2020.  The current ICRs are shown in the table below.   

It is important to note these changes do not represent new or increased costs charged by Zurich but simply reflect updated information in line the Fund’s disclosure obligations* and there have been no changes to way in which the investment funds are managed.

Zurich Investments Fund  

Management Fee

 (% p.a.)

Estimated performance Fee

 (% p.a.)

Estimated indirect costs

 (% p.a.)

Total estimated management costs

 ( % p.a.)

Global Thematic Share Fund
0.98
n/a
0.06
1.04
Hedged Global Thematic Share Fund
0.98
n/a
0.05
1.03
Unhedged Global Thematic Share Fund
0.98
n/a
0.05
1.03
Hedged Global Growth Share Fund 0.98 n/a 0.04 1.02
Hedged Concentrated Global Growth Share Fund 1.10 n/a Nil 1.10
Managed Growth Fund 0.87 n/a 0.12 0.99

*Disclosure requirements of fees and costs for superannuation funds and managed investments are set out in the Australian Securities and Investment Commission (ASIC) Regulatory Guide 97 - Disclosing fees and costs in PDSs and periodic statements (‘RG 97’).  RG97 was recently enhanced requiring the calculation of ICRs to also take into account transaction costs and certain investment-related costs incurred within the underlying investment. These types of costs have always existed and were taken into consideration into your net-of-fee return but were not previously required to be specifically disclosed in the ICR.

WLIM-016303-2020

The Estimated transactional and operational costs for all investment funds have been reviewed taking into consideration transaction and operation costs incurred within the investments during the period 1 July 2019 to 30 June 2020. The current Estimated transactional and operational costs (net of buy/sell spread % p.a.) are shown in the table below.

Zurich Investments Fund  

Current
Estimated transactional and
operational costs

 (net of buy/sell spread  % p.a.)

New
Estimated transactional and
operational costs

 (net of buy/sell spread  % p.a.)

Small Companies Fund Class D
Nil 0.53
Hedged Global Thematic Share Fund
0.09 0.11
Unhedged Global Thematic Share Fund
0.01 Nil
Unhedged Global Growth Share Fund 0.01 0.02
Hedged Global Growth Share Fund 0.10 0.03
Hedged Concentrated Global Growth Share Fund 0.09 0.01
Managed Growth Fund Nil 0.01

WLIM-016303-2020

Zurich Investment Management Limited ABN 56 063 278 400 AFSL 232511 has re-located its head office.

All references to “5 Blue Street North Sydney NSW 2060” in the following PDSs are replaced with “118 Mount Street North Sydney NSW 2060”:

  • Zurich Investments ACI Healthcare Impact Fund PDS
  • Zurich Investments Australian Property Securities Share Fund PDS
  • Zurich Investments Concentrated Global Growth Fund PDS
  • Zurich Investments Emerging Markets Equity Fund PDS
  • Zurich Investments Global Growth Share Fund PDS
  • Zurich Investments Global Thematic Share Fund PDS
  • Zurich Investments Global Thematic Focus Fund PDS
  • Zurich Investments Hedged Concentrated Global Growth Fund PDS
  • Zurich Investments Hedged Global Growth Share Fund PDS
  • Zurich Investments Hedged Global Thematic Share Fund PDS
  • Zurich Investments Managed Growth Fund PDS
  • Zurich Investments Small Companies Fund Class D PDS
  • Zurich Investments Unhedged Global Growth Share Fund PDS
  • Zurich Investments Unhedged Global Thematic Share Fund PDS

WLIM-016283-2020

The buy/sell spreads have changed for a number of funds following a review of the underlying transaction costs incurred by the fund. Refer to the table below for the changes effective 1 December 2020.

Fund

Previous buy/sell spread

New buy/sell spread

Zurich Investments Global Thematic Share Fund

0.06% / 0.06%

0.04% / 0.04%

Zurich Investments Unhedged Global Thematic Share Fund 0.06% / 0.06% 0.04% / 0.04%
Zurich Investments Hedged Global Thematic Share Fund 0.06% / 0.06% 0.04% / 0.04%
Zurich Investments Global Thematic Focus Fund 0.06% / 0.06% 0.04% / 0.04%
Zurich Investments Global Growth Share Fund 0.06% / 0.06% 0.03% / 0.03%
Zurich Investments Unhedged Global Growth Share Fund 0.06% / 0.06% 0.03% / 0.03%
Zurich Investments Hedged Global Growth Share Fund 0.06% / 0.06% 0.03% / 0.03%
Zurich Investments Concentrated Global Growth Share Fund 0.06% / 0.06% 0.02% / 0.02%
Zurich Investments Hedged Concentrated Global Growth Share Fund 0.06% / 0.06% 0.02% / 0.02%
Zurich Investments ACI Healthcare Impact Fund 0.06% / 0.06% 0.03% / 0.03%
Zurich Investments Managed Growth Fund 0.18% / 0.17% 0.12% / 0.12%

Please refer to the Zurich Investments Funds Additional Information Guide for information on buy/sell spreads and transaction costs.

WLIM-016259-2020

With effect 1 October 2020, Schroder Investment Management Australia Limited replaces Aberdeen Asset Management Limited in the Fixed Interest and Cash asset classes.

WLIM-016069-2020

The buy/sell spread has changed effective 20 April 2020 for the Zurich Investments Managed Growth Fund following a review of the underlying transaction costs incurred by the fund.

Fund

Previous buy/sell spread

New buy/sell spread

Zurich Investments Managed Growth Fund

0.13% / 0.22%

0.18% / 0.17%

Please refer to the Zurich Investments Funds Additional Information Guide for information on buy/sell spreads and transaction costs.

WLIM-015507-2020

The buy/sell spread has changed effective 26 March 2020 for the Zurich Investments Managed Growth Fund following a review of the underlying transaction costs incurred by the fund.

Fund

Previous buy/sell spread

New buy/sell spread

Zurich Investments Managed Growth Fund

0.12% / 0.12%

0.13% / 0.22%

Please refer to the Zurich Investments Funds Additional Information Guide for information on buy/sell spreads and transaction costs.

WLIM-015436-2020

With effect 22 August 2019, Insight Investment Management (Global) Limited and Robeco Hong Kong Limited have been added as underlying investment managers in the Alternatives asset class of the Zurich Investments Managed Growth Fund, replacing Denning Pryce Ltd. Equity Trustees Limited is the Responsible Entity for both of the replacement investment managers.

WLIM-014855-2019

With effect 12 August 2019, Celeste Funds Management Limited replaces Sigma Funds Management Pty Ltd in the Australian shares asset class.

WLIM-014822-2019

With effect 12 August 2019, Celeste Funds Management Limited replaces Sigma Funds Management Pty Ltd as the strategic investment partner for the Zurich Investments Small Companies Fund Class D.

About Celeste

Celeste Funds Management is an employee owned, specialist small companies investment manager that has been generating long-term wealth for its clients since 1998. Celeste has a sole focus on Australian small companies listed on the ASX.  Celeste executes a well-established analytical investment process that has a long history of delivering attractive above benchmark tax effective returns.  The Celeste dedicated investment team has over 80 years combined experience in financial markets.

WLIM-014821-2019

With effect 1 November 2018, GSFM Responsible Entity Services Limited as the Responsible Entity with Epoch Investment Partners, Inc as the underlying Investment Manager has been added as an investment partner in the International shares asset class.

WLIM-014423-2019

With effect 7 November 2018, DWS International GmbH replaces State Street Global Advisors, Australia, Limited within the Australian shares asset class.

WLIM-014013-2018

With effect 15 May 2018, the estimated indirect costs and total estimated costs for the following funds have been updated as disclosed in the below table:

Zurich Investments Fund  

Management fee

 (% p.a.)

Estimated performance fee

 (% p.a.)

Estimated indirect costs

 (% p.a.)

Total estimated management costs

 ( % p.a.)

Global Growth Share Fund 0.98
n/a
0.04
1.02
Hedged Global Growth Share Fund
0.98
n/a
0.04
1.02
Managed Growth Fund
0.87
n/a
0.17
1.04

WLIM-013462-2018

With effect 15 May 2018, the estimated net transactional costs for the following funds have been updated as disclosed in the below table:

Zurich Investments Fund  

Estimated transactional and
operational costs

 (net of buy/sell spread  % p.a.)

Global Equity Income Fund 1.04
Unhedged Global Growth Share Fund
0.03
Concentrated Global Growth Fund
0.09

WLIM-013462-2018

With effect 5 December 2017, Sigma Funds Management Pty Limited replaces Ellerston Capital Limited within the Australian shares asset class.

WLIM-013024-2017

The buy/sell spreads have changed for a number of funds following a review of the underlying transaction costs incurred by the fund. Refer to the table below for the changes effective 1 December 2017.

Fund   Previous buy/sell spread New buy/sell spread
Zurich Investments Global Thematic Share Fund 0.08% / 0.08% 0.06% / 0.06%
Zurich Investments Unhedged Global Thematic Share Fund 0.08% / 0.08% 0.06% / 0.06%
Zurich Investments Hedged Global Thematic Share Fund 0.08% / 0.08% 0.06% / 0.06%
Zurich Investments Global Growth Share Fund 0.08% / 0.08% 0.06% / 0.06%
Zurich Investments Unhedged Global Growth Share Fund 0.08% / 0.08% 0.06% / 0.06%
Zurich Investments Hedged Global Growth Share Fund 0.08% / 0.08% 0.06% / 0.06%
Zurich Investments Concentrated Global Growth Share Fund 0.08% / 0.08% 0.06% / 0.06%
Zurich Investments Hedged Concentrated Global Growth Share Fund 0.08% / 0.08% 0.06% / 0.06%

 Please refer to the Zurich Investments Funds Additional Information Guide for information on buy/sell spreads and transaction costs.

WLIM-013003-2017

With effect 17 May 2017, Nikko AM Limited will replace Above the Index Asset Management Pty Ltd within the Australian shares asset class.

WLIM-012458-2017

With effect 1 January 2017, the investment return objective of the Managed Growth Fund is:

To provide investors with capital growth over the medium to long term, through exposure across a range of asset classes.
The fund aims to achieve CPI+2.5% pa over rolling five year periods before fees and taxes.

WLIM-11992-2016

As at 1 December 2016, Zurich Investments managed investment schemes will cease to be distributed in New Zealand.

All references to New Zealand or other overseas investors in the Product Disclosure Statement and Additional Information Guide are no longer applicable. The information about "Anti-Money Laundering, Counter-Terrorism Financing Requirements, FATCA & Other Relevant Laws" in the Application Booklet is still applicable.

The following information is added to the Additional Information Guide:

Residency and applicable laws

Zurich Investments funds are designed for customers who are resident in Australia. If you move to another country outside of Australia, the fund may no longer be suitable for your individual needs, and you may no longer be eligible to make contributions into the fund. The local laws and regulations of the jurisdiction to which you move may affect Zurich Investments’ ability to continue to service your investment in accordance with its terms and conditions.

You need to tell Zurich Investments of any planned change in residency before the change happens.

We do not offer tax advice, so if you decide to live outside Australia, we recommend obtaining advice on the tax consequences of changing your country of residence in relation to your investment. We will not be held liable for any adverse tax consequences that arise in respect of you or your investment as a result of such a change in residence.

A change in residency might require Zurich Investments to suspend or terminate your investment accordingly.

We and other companies within the worldwide Zurich group of companies have obligations under Australian and foreign laws. Regardless of any other investment terms and conditions, Zurich Investments reserves the right to take any action (or not take any action) which could place us or another company within the group at risk of breaching Australian laws or laws in any other country.

All financial transactions are subject to compliance with applicable trade or economic sanctions laws and regulations.

Zurich Investments may terminate an investment where you are considered to be a sanctioned person, or you conduct an activity which is sanctioned, according to trade or economic sanctions laws and regulations.

Each investment is based on the legal and regulatory requirements applicable at the time the investment is issued. Should the legal and regulatory requirements change in a material way, Zurich Investments is entitled to adapt the terms and conditions to the changed legal and regulatory requirements, provided the change is lawful.

WLIM-11993-2016

The buy/sell spreads for the Zurich Investments Small Companies Fund have changed following a review of the underlying transaction costs incurred by the fund. Refer to the table below for the changes effective 1 December 2016.

Fund   Previous buy/sell spread New buy/sell spread
Zurich Investments Small Companies Fund  0.30% / 0.30%  0.20% / 0.20%

 Please refer to the Product Disclosure Statement for each product for information on buy/sell spreads and transaction costs.

WLIM-11994-2016

Update to the Zurich Investments Managed Growth Fund PDS: Removal of Investment Partner

Effective 22 January 2016, the Alternative Investment asset class within the Managed Growth Fund will no longer include Colonial First State Investments  Ltd as an investment partner.

WLIM-011007-2016

Performance Reports

Zurich Investments Funds - Annual Reports
Zurich Investments Funds - Monthly Reports