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Arkus PDS
More Information
Feature
The Fund
Note 1
The Fund is a managed investment scheme registered under the Corporations Act. Responsible Entity & Issuer
Note 2
GPS Investment Fund Limited ABN 40 145 378 383 (“ GPS ”). Custodian
Note 3
Perpetual Corporate Trust Limited ABN 99 000 341 533 (“ Perpetual ”).
Note 5 (Principles 1-8)
ASIC Benchmark and Disclosure Principles Compliance
ASIC has developed eight benchmarks and eight disclosure principles that apply to all unlisted mortgage schemes (“ the Benchmarks ”). The Fund is required to disclose against the Benchmarks by either
Benchmarks 1. Liquidity 2. Scheme borrowing
Satisfy (Y/N) Y Y N
4. Related party transactions 5. Valuation policy
Y Y Y Y Y
7. Distribution practices 8. Withdrawal arrangements
Note 5 provides an explanation of the Benchmarks and, for those Benchmarks the Fund does not meet, an explanation of why the Fund does not meet the Benchmark is provided. Note 5 also provides the information required to be addressed by the disclosure principles. Any changes to the Fund’s compliance with the Benchmarks and disclosure principles will be communicated to all Investors. Fund Objective Note 1 To provide Investors in the Fund with a stable and predictable growing investment in Registered First Mortgages over real property in South East Queensland, and cash held in Australian banks.
Investment Strategy
Note 6
Investors’ moneys are “pooled” and invested collectively.
Fund Assets Note 7 The Fund will invest in Registered First Mortgage loans over residential and non-residential property in South East Queensland, and cash held in Australian banks. Loans are generally made to developments with a period of 12 months or more duration. However, GPS aims for the Fund’s loans to be either construction loans, residual stock facilities, landholding only or other construction project based loans having been assessed as a suitable risk for GPS.
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