Longwave Australian Small Companies Fund - Class A

How to invest

The Fund is a registered managed investment scheme. When you invest in the Fund, your money will be pooled with that of other investors and you will be issued ‘units’. Each unit held in the Fund gives the unit holder a beneficial interest in the Fund as a whole, but not in any particular asset of the Fund. Holding units in the Fund does not give a unit holder the right to participate in the management or operation of the Fund. Each unit in the Fund offered or issued under this PDS is of equal value and identical rights (as between units of the same class) are attached to all such units.

We are required by the Corporations Act to treat all unitholders within a class of units equally and unitholders in different classes fairly. We will keep a record of the number of units you have bought.

Invest Now

INVEST ONLINE

Paper Application Forms

Application FormAdditional Investment FormChange of Details FormAuthorised Rep Form (Company)Authorised Rep Form (Individual)Frequently Asked QuestionsRedemption Form

New investors please post your original documents to

Longwave Capital Partners
C/ – Citi Unit Registry Australia
GPO Box 764
Melbourne VIC 3001

Existing investors may choose the option of faxing their documents to:
+ 61 1300 102 151

Applications

You can increase your investment at any time by buying more units in the Fund. When you make an investment in the Fund, your units will be allocated to you based on the entry price for the Business Day your application is processed.

Minimum investments1

Minimum initial investment                                    $25,000

Minimum additional investment amount             $5,000

Minimum withdrawal amount                                 $5,000

Minimum investment balance                                 $10,000

Withdrawal

You can decrease your investment at any time by withdrawing your units in the Fund. When you withdraw, your units will be redeemed based on the exit price for the Business Day on which your withdrawal request is processed. Direct withdrawal requests can be made daily, and must be received by the Fund Administrator, Citi Unit Registry Australia (‘Citi’), prior to 12pm (Sydney time) on a Business Day. Withdrawal requests received after that time, or on a non-Business Day, will be treated as being received on the next Business Day. Electronic 3 Longwave Australian Small Companies Fund transfer of the redemption proceeds can take up to 7 Business Days, however it will often be completed in a shorter period of time.

There is a minimum withdrawal amount of $5,000. If your withdrawal request would result in your investment balance being less than $10,000, we may treat your withdrawal request as being for your entire investment. We will provide investors with advance notice of any compulsory redemption. The minimum balance does not apply to investments through an IDPS.

Access to funds

Extreme market conditions can cause difficulties or delays to the Fund being able to sell its assets or requiring it to freeze withdrawals. These circumstances could result in it taking a period of time before you are able to withdraw your investment, or for it taking longer than usual for you to receive your withdrawal proceeds. We will not satisfy a withdrawal request if the Fund becomes illiquid (as defined under the Corporations Act 2001 (‘Corporations Act’)). In certain circumstances we may suspend withdrawals.

NAV

The Net Asset Value or ‘NAV’ of the Fund apportioned to the Class A units is calculated by deducting the value of the fees, charges, expenses and other liabilities from the
value of the gross assets attributable to the Class A units in the Fund.

Current NAV per unit of the Fund is available here or by contacting us on 1300 010 311

or service@pinnacleinvestment.com

Unit price

The entry price is calculated by taking the net asset value of the Fund apportioned to the Class A units and adding to it an amount which reflects the estimated cost of acquiring the Fund’s assets (subject to the

Responsible Entity’s discretion to reduce or waive such costs) and dividing the net figure by the number of Class A units on issue in the Fund.
The exit price of the Fund is calculated by taking the net asset value of the Fund apportioned to the Class A units and subtracting from it an amount which reflects the estimated cost of selling the Fund’s assets (subject to the Responsible Entity’s discretion to reduce or waive such costs) and dividing the net figure by the number of Class A units on issue in the Fund.

Current unit prices for the Fund are available here or by contacting us on 1300 010 311

or service@pinnacleinvestment.com

Unit pricing policy

The Responsible Entity complies with ASIC Class Order 13/655 as it relates to unit pricing requirements and has adopted a compliant policy for unit pricing discretions it uses in relation to the Fund (‘Unit Pricing Policy’).

Additional documents may be prepared for this purpose from time to time.

Distributions

Distributions are payable half-yearly as at 31 December and 30 June subject to the Fund having sufficient distributable income. The net distributable income of the Fund is allocated to unitholders on a per-unit basis according to the number of units held in the Fund at the end of the distribution period. Distributable income is calculated annually and is generally sent to unitholders within one month of the last day of the distribution period.

A distribution reduces the Fund’s net asset value and is therefore reflected in the Fund’s unit price.

Distributions will be reinvested for additional units in the Fund unless otherwise instructed.

Unit pricing policy

Investors and prospective investors may access the Fund indirectly. This PDS has been authorised for use by operators through an Investor Directed Portfolio Service (‘IDPS’) or master trust. Indirect investors should not complete the Application Form. The rights of indirect investors are set out in the disclosure document for the IDPS or master trust. If you are investing through an IDPS or a master trust, enquiries should be made directly to the IDPS operator or the trustee of the master trust.

Disclaimer and Disclosure

All website content in respect of the Longwave Australian Small Companies Fund (ARSN 630 979 449) (the Fund) is issued by Pinnacle Fund Services Limited ABN 29 082 494 362 AFSL 238 371 (“PFSL”) as responsible entity of the Fund and is prepared by Longwave Capital Partners Pty Ltd (ABN 17 629 034 902) is a Corporate Authorised Representative (1269404) of Pinnacle Investment Management Limited (ABN 66 109 659 109) (AFSL 322140) (“Longwave”) as the investment manager of the Trust.
The information provided in this website is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision in respect of the Fund, you should consider the current product disclosure statement (PDS) of the Fund and the Fund’s other periodic and continuous disclosure announcements lodged with the ASX, which are available at www.asx.com.au, and assess whether the Fund is appropriate given your objectives, financial situation or needs. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser.
Neither PFSL nor Longwave guarantees repayment of capital or any particular rate of return from the Fund. Neither PFSL nor Longwave gives any representation or warranty as to the currency, reliability, completeness or accuracy of the information contained in this website. All opinions and estimates included in this website constitute judgments of Longwave as at the date of website creation and are subject to change without notice. Past performance is not a reliable indicator of future performance.

Receive news and insights