Frequently Asked Questions

CCI Asset Management is a wholly owned subsidiary of Catholic Church Insurance Limited. CCI Asset Management was developed to assist Church clients with the long-term investment of Church funds. The CCI Asset Management Trusts and Individually Managed Accounts are open to entities within or associated with the Catholic Church in Australia.

The  CCI Asset Management Information Memorandum  provides an overview of the structure and operation of the CCI Asset Management Trusts. Prospective investors should read the   Information Memorandum  before investing. It should be noted that the Information Memorandum does not consider your particular investment objectives or financial situation. We recommend that prior to investing you seek independent financial and/or taxation advice.

The Trusts operate under a multi-manager master Trust structure. As manager of the Trusts, CCI Asset Management selects the specialist investment managers for each asset class. CCI Asset Management is responsible for selecting managers, monitoring their performance, and as required, changing the manager configuration. More information on our fund managers is contained in the   Information Memorandum .

Individually Managed Accounts are managed by CCI Asset Management. Depending on the asset allocation of the Individually Managed Account, specialist investment managers may also be used.

Each of the Trusts has its fees capped by way of a management expense ratio (MER). The Catholic Values MER is 0.70%p.a. and the Income Trust MER is 0.65%p.a. There are no actual application or switching fees but investors should note that a sell spread of up to 0.50% applies to redemptions from the Catholic Values Trust and 0.20% for redemptions from the Income Trust. All unit prices quoted are net of the respective MERs.

The Individually Managed Account fees are based on the amount invested and the type of investment strategy determined.

There are a number of risks associated with investing in the Trusts. Some of the risks are disclosed in the  Information Memorandum but this list is by no means exhaustive and investors need to carefully consider their individual situation to determine if the CCI Asset Management Trusts are suitable for them.

CCI Asset Management seeks to minimise risk by providing access to a range of asset classes and by employing specialist fund managers with complementary investment styles. Each of the Trusts has a minimum recommended investment timeframe but these should be used as a guide only and not as personal or other advice. Neither CCI Asset Management nor Catholic Church Insurance Limited guarantees the performance of the Trusts or the repayment of capital invested.

The CCI Asset Management Trusts are acknowledged by the ATO as providing an investment service for the promotion of religious principles and have been granted an endorsement as Tax Concession Charity (TCC). As a result, they enjoy an exemption from income tax. Imputation credits (also known as franking credits) attached to dividends are refundable to tax concession charities. This means that CCI Asset Management will claim the benefit of a refund of the imputation credits on franked dividends received from the underlying investments in the CCI Asset Management Trusts and they will be passed on to investors.

Unfortunately CCI Asset Management cannot give personal or investment advice as to whether the Trusts are suitable for your needs. CCI Asset Management encourages investors to seek quality independent advice before investing in the Trusts.

Investors can switch between Trusts without incurring any fees or sell spread. They can do this by completing a switching form that is available here. The minimum switching amount is $10,000.

Investors receive a monthly holding statement, normally within five working days of the end of the month. The holding statement shows the units held and the unit price. CCI Asset Management strikes a daily unit price that is available here, or by contacting CCI Asset Management by telephone or e-mail.

Investors receive a monthly investment summary statement, normally within five working days of the end of the month. A full Individually Managed Account portfolio summary is provided quarterly detailing the investment performance at portfolio level, asset class level, and individual stock holding level.

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