MST Monthly Income Fund

Step 2: After submitting your application, transfer your investment funds by BPAY or EFT to the Fund application bank account. You will receive an email from Boardroom that contains these details.

NOTE: This bank account is a trust account managed by the fund registry Boardroom. Accordingly, the account name Boardroom Pty Ltd may appear when you enter the payment details into your online banking.

Step 3: If you have any outstanding application documents such as AML documentation (drivers licence, passport or trust deed) or a wholesale investor certificate then you will need to provide these before your application can be finalised.

Step 4: Once your funds and any outstanding documentation is received, you will be issued units in the Fund, and Boardroom will send you a welcome email including a holdings statement confirming your investment. The daily cut-off is 2pm (AEDT) and funds received after this time will receive the next unit price.

Your welcome letter provides tailored instructions on how to register for an InvestorServe account.

Please refer to a generic version of these instructions below:

• Issuer: MST Financial

• Holding Type: Unit Trust

• Reference Number: This is your unit holding number, starting with a 'U'. This number was included in your first holding statement.

• Name: The registered account name. This will depend on the entity in which you created your account. For example, it will be the trustee name if your account is a SMSF or trust. You can also find this in your first holding statement.

• Postcode: This will need to match the postcode we have recorded on your account.

• Country: Leave this blank as the system will recognise Australia as the default Country when a postcode is entered.

Some of the features of investing in a managed investment scheme (MIS) include:

• diversification of assets;

• professional management of the MIS; and

• access to investment opportunities that may not be available to individual investors.

This list is not exhaustive and you should consider the appropriateness of the product with regard to your objectives, financial situation and needs. Before acquiring the product you should obtain the Product Disclosure Statement and consider the offer statement before making any decision about whether to acquire the product. You should consider seeking advice from an authorised financial adviser before making an investment decision.

There are no application or exit fees charged by the Fund. However, there is a transaction fee known as a buy/sell spread, which amounts to 0.05% when entering and 0.10% when exiting the Fund. It is important to note that the buy/sell spread is not a fee paid to the Fund but will affect your investment return and is reflected in the application (buy) and redemption (sell) unit prices.

The purpose of this transaction fee is to cover trading expenses such as brokerage fees when investments are bought or sold in the Fund related to applications or redemptions. These fees ensure that only the investors buying or selling units incur the expenses associated with buying or selling any assets at a Fund Level.

The Australian Bond Fund makes regular payments to unitholders in the form of quarterly distributions. These distributions typically consist of a combination of income from interest (generated from cash or bonds) and realised capital gains from the sale of assets held by the Fund.

How much do I receive?

The income you receive is based on the number of units you hold at the end of the distribution period, regardless of how long you have held those units. Every unit in the Fund receives the same rate of distribution. This rate of distribution is published as a cents per unit distribution rate. The total distribution you receive is calculated by multiplying the cents per unit distribution rate by the number of units held at the end of the distribution period. 

How often are distributions paid?

The Fund pays distributions on a quarterly basis.

The Fund distributes income quarterly, corresponding to the quarters ending March, June, September, and December, provided there is distributable income available. Distribution payments occur in the month following a distribution date.

How can my distributions be paid to me? 

Unitholders can elect to receive the distribution in the form of cash (paid to their nominated bank account) or reinvestment, which is the purchase of additional units in the fund. 

 Investors in the Fund can choose to have their income paid to an Australian bank account held in the name of the account holder or to have this distribution reinvested into the Fund to purchase additional units. Investors may elect to have income distributed on the initial fund application form. However, this preference can be changed up to 7 days before a distribution date.

Why is the unit price lower after the distribution?

The income and any realised capital gains that the Fund earns are reflected in the unit price; this increases the unit price over time. When a distribution is paid, this income and realised capital gains are paid to investors, and the unit price will fall by approximately the same amount as the distribution.

For example, if a fund has a unit price of $1 on 30 June and the fund declares a distribution of $0.04 per unit (4 cents per unit), unitholders invested as at 30 June will be entitled to receive the $0.04 per unit distribution. Consequently, the unit price of the fund will fall to $0.96 to account for the $0.04 per unit distribution.

How can my distributions be paid to me?

Unitholders can elect to receive the distribution in the form of cash (paid to their nominated bank account) or reinvestment, which is the purchase of additional units in the fund.

Why is my distribution different from one period to the next?

The payment cycles of the underlying securities in which a fixed-income fund invests, the overall performance of the fixed-income market, the composition of the fund's holdings, and the fund's expenses can all affect distribution payments from one period to the next.

How do I know when my Fund has paid a distribution?

At the end of each distribution period, you’ll receive a distribution statement for the Fund outlining the details and amount of the distribution you received. This statement will also notify you how we have paid this distribution based on your chosen payment method. 

When can I expect to receive my annual tax statement?

For each financial year, you’ll receive an Annual Tax Statement. The timing of dispatch of this document will be made available in mid-June each year and will be available on the Fund website. 

Withdrawals will generally be paid to your nominated Bank Account within 5 Business Days.

Please be aware that there will be delays in the processing of withdrawals in the week following a distribution period. These delays will not impact the unit price received for a withdrawal, however they will increase the time in which an investor receives their withdrawal payment.

Investors also need to consider Capital Gains Tax (CGT) in periods they have sold or transferred their investments. The calculation of CGT from the sale or transfer of assets in the Fund will need to be calculated by a qualified accountant using information available from the statements you receive from the fund registry.

To complete your additional application please visit the online application form.

STEP 1: Beginning the form

Once you have clicked on the “Invest Now” link, please select the “Existing Investor” option, download and review the latest PDS and fill out the below details:

• Investor Number: U00XXXXX – This will be number that you received in your initial welcome email, or you can find this number on your transaction statements.

• Postcode: This is your residential postcode recorded on your investment account.

This will then auto populate, and you can proceed with your additional investment.

STEP 2: Electing your payment method and investment amount

In this step please enter in the amount you wish to invest and the method in which you wish to pay.

STEP 3: Making the payment

Once you complete this additional investment – you will receive an email outlining the application summary that includes the below (depending on your payment method).

Step 4: Confirmation

Once received and processed you will receive a transaction statement by email confirming the transaction which shows your total investment balance.