FAQ's

The Trust will predominantly invest in listed Australian securities and cash. Derivatives may be used (refer to page 22 of the Northward Product Disclosure Statement (ԐDSԩ for a description of the Responsible Entityӳ derivatives policy). The Trustӳ target investment range for each asset class is referred to in the table below The Trust may temporarily move outside these ranges due to certain factors such as the receipt of significant cash flows. If this occurs, action will be taken to bring the Trust back into these ranges as soon as possible. Where we believe it is in the best interests of investors as a whole, we may change the investment range from time to time without prior notice to investors.

Northward Capital is a specialist Australian Equities fund manager.

Northward Capital was jointly founded by Darren Thompson, Chief Executive Officer and Simon Rutherford, Chief Investment Officer. Darren and Simon were formerly responsible for the Australian Equities business at IAG Asset Management Limited. After founding Northward Capital, they were joined by other senior investment colleagues from IAG Asset Management Limited. Northwardӳ investment team consists of a highly skilled group of professionals who have multiple years of investment management experience.

Northward is an investment firm which is co-owned by its staff and directors, and nabInvest. Remuneration of its investment staff is linked to the Trustӳ performance thereby creating a culture where Northward are focused on providing investors with superior investment returns whilst having the support provided by a large financial institution.

Northward Capitalӳ investment philosophy is based on the belief that:

ՠmarket inefficiencies provide opportunities to regularly buy mis-priced stocks;

ՠfundamental research drives high conviction valuation and stock selection; and

ՠstock prices ultimately reflect growing earnings per share, cash flow and strong return on equity.

Northward believes that a disciplined, fundamental research approach to identify undervalued quality companies will generate strong investment returns over the long term.

For full details of the Fees and other costs, please see pages 11-15 of the Northward Product Disclosure Statement (ԐDSԩ.

Buy Charge 0.25%
Sell Charge 0.25%

These amounts may change if the estimate of the underlying transaction costs changes. Buy/Sell Charges are included in the application and withdrawal unit prices and are charged because entering or withdrawing from the Trust may necessitate the buying or selling of Trust investments, which in turn will incur costs such as brokerage.

MLCI intends that any income of the Trust will be calculated half yearly (30 June and 31 December) and generally distributed within 30 Business Days. Additional information on income distributions is provided on page 10 of the Northward Product Disclosure Statement (ԐDSԩ

The Trust is offered to all investors within Australia subject to each investor satisfying the conditions set out in the PDS and Initial Application Form and/or Additional Investment Form (where applicable). However, different investors will have differing investment objectives and appetites for risk.

The minimum initial investment amount into the Trust is $20,000. Information on the minimum initial investment required for the Trust is available in the Northward Product Disclosure Statement (PDS).

Northward Capital Australian Equity Trust Platform Availability Flyer [pdf, 366kb]

To invest you should read the current PDS for the Trust and complete the Initial Application Form accompanying the PDS.

To make your initial investment, either:

1. By cheque:
   Mail your completed Initial Application Form and cheque to:
   National Australia Bank Limited
   Attn: Registry Services
   GPO Box 1406
   Melbourne VIC 3001
   
   
   Remember to attach to the Initial Application Form:
   your cheque and ensure it is crossed "Not Negotiable" and made payable to ҎNL ATF MLC Investments Limited (nabInvest) Application Account - [your name(s)]'; and
   if required, your certified documents to prove your identity (see the Initial Application Form on anti-money laundering and counter terrorism for the requirements).
   Alternatively, you can lodge the Initial Application Form and cheque through your financial adviser, and have your financial adviser complete the process and declaration detailed in the Northward PDS.
   
   
2. By Direct Deposit:
   Mail your completed Initial Application Form to:
   National Australia Bank Limited
   Attn: Registry Services
   GPO Box 1406
   Melbourne VIC 3001
   
   
   Fax your completed Initial Application Form to:
   National Australia Bank Limited
   Attn: Registry Services
   Fax: 1300 365 601
   
   
   AND
   
   Deposit your monies into the administrator's bank account:
   • Bank: National Australia Bank Limited
   • BSB No: 083-043
   • Account No: 811-688-750
   • Account Name: NNL ATF MLC Investments Limited (nabInvest) Application Account
   • Description (name that will appear on the administrator's statement): [your name(s)].
   
   Remember to attach to the Initial Application Form your certified documents to prove your identity if investing directly with us (see the Initial Application Form for information on the anti-money laundering and counter terrorism requirements.)