Moneyspot Investment Fund Constitution Changes

Notice is hereby given pursuant to section 601GC(1)(b) of the Corporations Act 2001 that the Trustee (MSI Funds Management Limited) has amended to the Constitution of the Moneyspot Investment Fund.

These changes are not considered adverse to Members’ interests and consequently obtaining Members’ consent has not been necessary.

None of the changes adjust or expand the Trustee’s existing discretionary powers or diminish the existing rights of members.

The majority of amendments are minor. They update the Constitution to reflect existing operational practices, remove duplication, and improve the overall clarity of the document.

There are two key changes to the Constitution. First, to update the definition of Investment Period to include the new 30-Days’ Notice investment option and reflect the current Classes B and C. Second, to update and define the liquidity test for each Class of Units on issue. Previously, the Constitution contained a single test for liquidity across all Unit Classes. The revised definition establishes a liquidity test for each Unit Class. Consequently, it is now more likely that a Unit Class is liquid which means that at the end of the Investment Period, members will be able to submit a Withdrawal Request, rather than relying on an Offer of Redemption from the Trustee.

The Trustee’s existing discretionary powers to refuse, delay or scale-back redemptions while the Fund or a Class of Units is liquid remains unchanged.

Implications for Unit Holders

Whilst a Unit Class is liquid, the Trustee will not make Offers of Redemption.

Unit Holders can make a Withdrawal Request via the Olivia123 website to redeem a principal investment subject to the conditions of the Unit Class.

For example:

Class B unitholders may make a Withdrawal Request to coincide with the 12-month anniversary of their investment.

30-Days’ Notice Unitholders may make a Withdrawal Request by providing 30-Days’ Notice.

Unitholders should refer to the Product Disclosure Statement for further details.

The FAQ section of the website also contains useful information.

MSI Funds Management Limited
ACN 614 077 995
AFSL 491 268

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Important Information

An investment in the Fund is an investment in a registered managed investment scheme. Your investment is not a deposit and does not benefit from the Financial Claims Scheme or depositor protection provisions of Division 2 of Part II of the Banking Act, as it might if it were an amount deposited with an Authorised Deposit-taking Institution. Investments in the Fund are subject to investment risk, including the loss of, or delays in the payment of, income or capital.

^ The Annual Targeted Return is not a forecast. There is no guarantee that these returns will be met and the Responsible Entity may no be successful in achieving the Targeted Returns or any return on the Fund’s Investments. Refer to the FAQs

*All investment returns are unaudited and assume reinvestment of distributions over the period (i.e., net of fees and costs). Returns published reflect the investment strategy at the date of publication. Past performance is no indication of future performance. Returns quoted for periods of greater than 1 year are annualised unless stated otherwise and assume reinvestment of distributions.

The information on this website is general advice only. It has been prepared without taking into account any consumer’s objectives, financial situation or needs and because of that investors should consider the appropriateness of the advice having regard to their personal objectives, financial situation and needs. Investors should obtain the product disclosure statement (PDS) for the Moneyspot Investment Fund ARSN 616 929 849 (Fund) and consider the PDS before making any decision to acquire, dispose or to continue to hold units in the Fund. The issuer of units in the Fund, and the provider of the advice on this website, is MSI Funds Management Limited ACN 614 077 995 AFSL 491 268.

Notice of reliance on ASIC Class Order: MSI Funds Management Limited ACN 614 077 995 as responsible entity for the Moneyspot Investment Fund ARSN 616 929 849 has determined that it will rely on ASIC Class Order CO 13/655 in relation to provisions about the withdrawal amounts from the Moneyspot Investment Fund.