Investment, Insurance, Superannuation
You may recall, we recently let you know about some changes to the OneAnswer – First Sentier Global Credit Income Trust (“OneAnswer Fund”) here.
As previously advised, the First Sentier Global Credit Income Fund (First Sentier Fund), the underlying fund into which the OneAnswer Fund invested, was terminated by The Trust Company (RE Services) Limited, the responsible entity of the First Sentier Fund, on 21 May 2024.
The Janus Henderson Diversified Credit Fund (Replacement Fund) was selected as the new underlying fund. We considered this change to be in the best interests of investors as the Replacement Fund holds similar assets and has a similar risk profile to the First Sentier Fund. The Replacement Fund is also well rated by third party research agencies and its investment manager is highly regarded. Full details on this change can be found in the PDS Update and Continuous Disclosure Notice located here.
Although the ongoing fees and the risk profile of the OneAnswer Fund remain the same, you may want to consider all of the changes and whether the OneAnswer Fund remains appropriate for your client’s financial situation, needs and objectives.
In addition to the PDS Update and Continuous Disclosure Notice we’ll also shortly be writing directly to any clients invested in the OneAnswer Fund to let them know about the changes.
You can access a sample client letter here.
To obtain a list of your clients invested in the OneAnswer Fund please log into Account Access via Adviser Online and run a ’Client Portfolio Balances’ report.
If you have any questions or would like further information, please:
Important: This information is intended for financial advisers only and is not to be distributed to clients.
OnePath Funds Management Limited (ABN 21 003 002 800, AFSL 238342) (OPFM) is the issuer of OneAnswer Investment Portfolio (including Frontier and //Select) and ANZ OneAnswer Investment Portfolio (including //Select) and OnePath Custodians Pty Limited (ABN 12 008 508 496, AFSL 238346, RSE L0000673) (OPC) is the trustee of the Retirement Portfolio Service (ABN 61 808 189 263) (RPS) and issuer of OneAnswer Frontier Personal Super and Pension, OneAnswer Term Allocated Pension (including //Select) and ANZ OneAnswer Term Allocated Pension (including //Select), which are part of the RPS.
OPFM and OPC are members of the Insignia Financial group of companies, comprising Insignia Financial Ltd (ABN 49 100 103 722) and its related bodies corporate.
This information has been prepared without taking into account your clients’ objectives, financial situation or needs.
Before clients make a decision based on this information, they should consider the appropriateness of the information, having regard to their objectives, financial situation and needs. Your clients should obtain a Product Disclosure Statement (PDS) relating to the financial product mentioned in this communication and consider it before making any decision about whether to acquire or continue to hold the product. Target Market Determinations (TMDs) where required for relevant products have to be available for consideration by distributors/investors/members.
A copy of the PDS (or other disclosure documents) and TMD are available by searching for the applicable product at onepathsuperinvest.com.au/forms-and-brochures or upon request by phoning 133 665.