Summary

Life Settlements Wholesale Fund is a registered managed investment scheme (ARSN 110 346 695) operated as an open-ended unit trust under the regulatory control of the Australian Securities & Investments Commission. The responsible entity of Life Settlements Wholesale Fund is GI Asset Management Limited (AFSL 432510).

The fund's investment strategy is to generate attractive, risk-adjustment returns over time, by investing in the GIS General Fund, which will actively manage a large and diversified portfolio of life policies, through the life settlements transactions.

The fund is a feeder fund to the new open ended fund, GIS General Fund, under the umbrella of Global Insurance Settlements Funds PLC.

To learn more about the Global Insurance Settlements Funds PLC, please go to the supportive website www.gisfunds.com

Alternatively if you wish to know more about Life Settlements Wholesale Fund please contact the investment manager via the contact form.

 

Fund's Key Features

Investment Manager

GI Asset Management Limited (AFSL 432510)

Funds Legal Name

Life Settlements Wholesale Fund (ARSN 110 346 695)

Domicile

Australia

Responsible Entity

GI Asset Management Limited (AFSL 432510)

Asset Category

Insurance Linked Securities

Structure

Open Ended Unit Trust (currently non liquid)

Launch Date

May 2006

Investment Horizon

5 years +

Custodian

Perpetual Trustee Company Limited

Minimum Investment

$30,000 if direct, or if via platform then minimum dictated by that service

Product Name

Life Settlements Wholesale Fund - AUD Ordinary Units

APIR Code

LFS0001AU

ISIN

AU60LFS00013

Product Name

Life Settlements Wholesale Fund - USD Ordinary Units

*This no longer has a prospectus in issue

APIR Code

LFS0003AU 

ISIN

AU60LFS00039

Website

www.lifesettlementsfund.com

Contact Email

admin@lifesettlementsfund.com

Contact Phone Number

+61 7 5557 4700

 

Commentary

Investment in the secondary life insurance market remains subdued so our conservative valuation approach remains in place. However, the full face value of each policy, held by GIS General Fund, will be collected in due course.

Bear in mind that the Fund has ongoing premium payments to make on each policy, until a claim has been lodged. It is the collection of these proceeds that drives the return and we anticipate an increased number of claims will be lodged over time.

 

 

Key Fund Statistics

Net Asset Value (NAV)  for AUD$ AUD$ 19,565,272.48
Net Asset Value (NAV) USD$

USD$ 15,626,783.13

No. of Units on Issue

18,168,322.92

AUD Ordinary Units (previously Ordinary Units)

Effective 1st August 2017

Application price: AUD 1.1874 per unit
* Withdrawal price: AUD 1.1814 per unit
*Note:
1) Unit prices are subject to change without prior notice

USD Ordinary Units (previously AP, Units, EA Units, SA Units)

 Effective 1st August 2017

 

Application price: USD 0.7820 per unit
* Withdrawal price: USD 0.7780 per unit
*Note:
1) Unit prices are subject to change without prior notice
2) The withdrawal price may be subject to adjustment for early redemption

Distributions/Dividends   There are no distributions declared for FYE 30 June 2016. As a result, investors will not be receiving the Tax and Distribution Statement.
Withdrawal Status Please refer to Life Settlements Wholesale Fund News
Financial Reports Please refer to Life Settlements Wholesale Fund News
Continuous Disclosure Please refer to continuous disclosure section.

 2017 Quarterly Return

Fund Year Quarterly Return End March Quarterly Return End June Quarterly Return End September Quarterly Return End December
$AUS 2017 -3.41 %  -0.64 %    
$US 2017 2.03 %   0.00 %    

Our returns are calculated by the percentage change between the unit price at the beginning of the reporting period to the unit price at the end of the reporting period, adjusted for any distribution.

 

 

Important Information: This information is intended for qualifying investors only and was correct at the time of preparation. It has been prepared to provide general information only and should not be considered as a “securities recommendation” or an “invitation to invest” in any jurisdiction. Potential investors should consider the relevance of this information to their particular circumstances. Before proceeding investors must obtain the prospectus and take their own legal and taxation advice. If you acquire or hold one of our products we will receive fees and other benefits as disclosed in the prospectus and relevant offering documents.