As at 1 September 2020, Charter Hall Direct Diversified Consumer Staples Fund has been relaunched as Charter Hall Direct Long WALE Fund (LWF or Fund), with an expanded mandate to invest in resilient property sectors and target assets with long average lease terms.
The Ordinary Unit class is open for investment.
The current buy spread is nil and the current sell spread is 2.5%.
Please note the unit price is placed on hold during the time taken to process distributions.
Past performance is not a reliable indicator of future performance. For more information see the Product Disclosure Statement.
The fund's distributions are payable monthly in arrears approximately 15 days after month end (except for June and December distributions which are payable approximately 20 days after month end). Distribution rates are set annually at the beginning of each financial year. However, the distribution rate may change on occasion if it is in investors' best interests to do so. Any change to the distribution rate will be published here and notified in the quarterly report sent to investors.
LWF's distribution rate from 1 February 2021 is 6.25 cpu p.a.
Australian and New Zealand resident investors may reinvest all of their distribution entitlement for Ordinary Units. Any distribution reinvested will be invested at the ex-distribution Entry Price prevailing on the last day of the period. As at October 2017, there is no Buy Spread and a 2.5% discount to the Entry Price for reinvested distributions.
Existing investors can access information on their holding through InvestorServe, a secure online facility hosted by the registry, Boardroom. Investors can view details of their holding, update personal information or communication preferences and download historical statements or correspondence.
If you are having trouble accessing InvestorServe or you aren’t registered yet, call the registry on 1300 137 895.
The fund's year end for taxation purposes is 30 June, at which time the net income and the components of the distribution are determined. The total annual distribution is advised in the Annual Tax Statement, which is mailed to investors in August.
To access your Annual Tax Statement please login to InvestorServe or contact registry.
Withholding tax to be applied to foreign investors
LWF is a managed investment trust for the purpose of subdivision 12-H of the Taxation Administration Act 1953 (Cth). These components are provided solely for the purposes of subdivision 12-H and should not be used for any other purpose.
Distribution history for the purposes of subdivision 12-H:
A taxation guide has been produced to assist investors in completing their income tax return. The guide provides general information only and should not be relied on, and does not constitute taxation advice.
The Fund remains open and has five-year investment terms. This information is for investors looking to redeem their investment.
As per the product disclosure statement dated 1 September 2020, Charter Hall Direct Long WALE Fund provides Limited Withdrawal Offers and Liquidity Events.
Limited Withdrawal Offers
Limited Withdrawal Offers are intended to be made every six months, subject to the Fund having available liquid assets. Limited Withdrawal Offers are notified via the quarterly report and published on this website.
There are currently no Limited Withdrawal Offers open.
Expected January 2021
Expected February 2021
Expected March 2021
|Notification||Open Date||Close Date||Payment Date|
|June 2021 quarterly report||Friday 30 July 2021||Friday 20 August 2021||6 September 2021|
|December 2020 quarterly report||29 January 2021||19 February 2021||5 March 2021|
|June 2020 |
|31 July 2020||21 August 2020||4 September 2020|
Liquidity Events will be offered every five years. Subject to its obligations at law, the Responsible Entity will endeavour to provide liquidity for all investors wishing to redeem all or some of their investment.
The next Liquidity Event is scheduled for May 2023 and all investors will be notified at that time.
General information about liquidity
LWF is an illiquid investment and is not open to daily withdrawals.
When a Limited Withdrawal Offer or Liquidity Event is open, a form will be available on this website. Please note that withdrawal or liquidity forms are not general and are specific to each offer.
When participating in Limited Withdrawal Offers or Liquidity Events you can go online to InvestorServe to confirm that your form has been received or you can call the registry on 1300 137 895 to request confirmation of receipt. Any forms received after the close date will not be valid.
The amount you receive when you participate in a Limited Withdrawal Offer or Liquidity Event is the number of units you redeem multiplied by the unit price as at the date of payment, less any sell spread. All offers may be cancelled, deferred, scaled back or suspended in exceptional circumstances. Refer to the PDS for further details.
LWF pays distributions monthly, generally on or around the 15th of the month. For further information go to the Distributions section of the Investor Centre page.
LWF has rolling five year investment terms.
The fund was launched in October 2017 with an initial term ending in or around May 2023. Following the conclusion of the initial term, the fund will have rolling five year terms.
A unique identifier issued by APIR® to participants and products within the financial services industry. LWF's APIR® code is MAQ5703AU.
LWF is not open to daily withdrawals.
LWF is an illiquid investment and investors should expect to redeem their investment in the fund only when it is wound up, or through a Limited Withdrawal Offer or Liquidity Event.
As per the fund's product disclosure statement, LWF provides Limited Withdrawal Offers and Liquidity Events.
Limited Withdrawal Offers are intended to be made every six months, subject to the fund having available liquid assets. Liquidity Events will be offered at the conclusion of each five year investment term.
Please refer to the Liquidity section of the Investor Centre and the product disclosure statement for additional information.
Units in LWF are also transferable and investors may elect to sell their units privately.
We cannot assist investors to find a buyer for their units. However if an investor does find a willing buyer and negotiates the sale of their units, a standard transfer and application form will need to be completed by each party and sent to our registry for processing. Forms are available for download on the Documents & Forms page.
A Limited Withdrawal Offer is a way for us to assist investors who wish to access their capital by offering an opportunity to redeem their investment.
As per the LWF product disclosure statement, Limited Withdrawal Offers are intended to be made every six months, subject to the fund having available liquid assets.
Charter Hall intends to notify investors of upcoming Limited Withdrawal Offers via the quarterly report. Additional details will be published under the Liquidity section of the Investor Centre.
To participate in a Limited Withdrawal Offer, investors will need to complete a withdrawal form and submit completed forms to the registry for processing. Withdrawal forms will be made available for download in the Investor Centre once a Limited Withdrawal Offer has opened.
To check correspondence has been received, please go online to InvestorServe at any time. Alternatively, you can call our registry on 1300 137 895 to request confirmation of receipt. Please ensure you provide your investor number when making any enquiries about your investment.
Any forms received after a Withdrawal Offer has closed will not be counted or valid and will not receive a redemption.
The amount you receive from a Withdrawal Offer will depend on the total value of all requests received. As a result, the amount you receive may be less than the amount you have requested. If the total value of requests from investors exceeds the amount available, you will receive a percentage of your requested amount.
The option to reinvest your distributions is only available to Australian or New Zealand resident investors and only applies to LWF Ordinary Units. Please refer to the Distribution section of the Investor Centre and the product disclosure statement for additional information.
Unfortunately LWF does not currently have the ability to offer withdrawals based on hardship.
You are required to provide written notification to note the death of an investor on our register. You will need to provide the following:
Individual account (Australian unitholding)
Joint account or joint executors of a super fund (Australian unitholding):
Depending on your circumstances, the following documentation is required:
Individual account (Australian unitholding) with probate:
Individual account (Australian unitholding) without probate:
Individual account (Australian unitholding) without probate or will (holding valued at less than $20,000):
Joint account or joint executors of a super fund (Australian unitholding):
Sole Director of a Company:
Contact our registry on 1300 137 895 for further information on administering a deceased estate or for information on overseas unitholder or company matters.
From July 2021, deceased estate's holdings can be redeemed at any time, subject to certain limits.
From July 2021, a deceased estate's holdings can be redeemed at any time, subject to certain limits.
The following entities are eligible to make a deceased estate redemption request:
The following entities are not eligible for deceased estate redemption requests:
A deceased estate redemption request can be made at any time; there are no set redemption windows. The expected turnaround time for payment of a deceased estate redemption, or notification of its rejection, is 30 days.
Redemptions will be processed on the date the request is approved using the unit price that day minus the sell spread. For the current unit price and sell spread, click here. It is not possible to backdate a request.
Deceased estate redemptions may be cancelled, deferred, scaled back or suspended in exceptional circumstances such as where it is impracticable to offer liquidity or it would not be in the best interests of remaining investors for liquidity to be offered.
Please note, all supporting documentation relating to notification of a deceased estate must be originally certified copies, see here for further information.
Information for financial advisers
For investments held on wrap platforms, the investment first needs to be transferred off wrap to a direct holding. Please contact your local BDM for further information.
If you have multiple clients with deceased estates you may be eligible to submit a single request, please contact your local BDM for further information.
You may speak to your financial adviser, other professional adviser, our registry Boardroom and/or Charter Hall.
Alternatively you can log on to Charter Hall InvestorServe or contact our registry on 1300 137 895 for account or administrative issues including:
You can also call the unit registry for assistance with logging into InvestorServe on 1300 137 895.
The value of your investment can be calculated by multiplying the number of units you hold by the fund’s current unit price. You can find the number of units you hold on your distribution or transaction statement and the latest unit price can be found on the investor centre page for the relevant fund.
Alternatively, you can log on to Charter Hall InvestorServe or contact our registry. Please ensure you have your investor number when requesting this information.
Annual taxation statements are mailed to investors in July/August for each separate investment held. The annual taxation statement shows the taxation components of the distribution payments made throughout the year. Investors should wait to receive this statement before lodging their tax return. Please contact your tax adviser should you have any questions on the information contained within the taxation statement.
To notify a change of your details, please log on to Charter Hall InvestorServe. Alternatively, please advise our registry in writing using the relevant form based on your circumstances. Registry forms are available for download on the Documents & Forms page.
Please note the important requirements you should attach to your completed change of details form, as appropriate:
Change of name by marriage:
Change of name by divorce:
Change of name by deed poll:
Change of company name:
Forms are to be returned to:
Boardroom Pty Limited
GPO Box 3993
Sydney NSW 2001
Phone: 1300 137 895
Yes, a transfer takes place when you decide to sell all or part of your investment to another person or entity.
A transfer is a change of ownership of units within the same fund. A separate standard transfer form is required to transfer your holding for each registered holding.
Please seek financial advice.
The standard transfer form can be found on our Documents & Forms page.
Please note that when a transfer takes place, our registry treats this as a new holding, even if it is a simple name change with the same trustees or company directors. Therefore all banking details, tax file numbers, Australian business numbers (ABNs) and adviser details will need to be provided on the new transfer form.
If you do not provide your tax file number on your original application form, you can provide it at any time in the future. Please note it is not compulsory to quote your TFN, however withholding tax will be taken from any payments from Investors who elect not to provide their TFN. These investors will then be required to claim the withholding tax through their annual tax return. The tax file number form can be found on the Documents & Forms page.
If you are required to submit a certified copy of any original document, an authorised person needs to certify that the copy is a true copy of the original. A document can be certified by one of the following persons:
What must the certifier do?
The certifier must confirm the copy is certified as a true copy of the original documentation and clearly state their name, category and date of certification. An example of appropriate certification wording is:
“I certify this (and the following pages each of which I have signed/initialled) to be a true copy of the document shown and reported to me as the original.”
Please note certification is only accepted if within two years of the date of certification.
If you have appointed an adviser on the application form or by using the adviser appointment form, your investment may be subject to an adviser professional fee for service as mutually agreed and instructed to us on the form. The fee can be a percentage of the application amount or a dollar value. If no adviser is appointed there will be no fee deducted. Please contact your adviser for more details or our registry on 1300 137 895.
Individual taxation outcomes as a result of a withdrawal will depend on a number of factors including, but not limited to, exit price, length of investment, and the structure of the investing entity.
Charter Hall is unable to provide taxation advice. We recommend that investors seek taxation advice regarding any withdrawal proceeds.
Charter Hall Direct Property Management Limited (Issuer) confirms it has a legally compliant dispute resolution system that is, and will continue to be, available to retail clients who invest in the Issuer’s products via Investor Directed Portfolio Service (IDPS) or IDPS-like platforms, as if the investor was a direct investor. We confirm this includes a compliant internal dispute resolution procedure and membership of one or more dispute resolution schemes.
For enquiries regarding your personal holding in a fund. This includes account balances, unit price and distribution enquiries, requesting a statement, changing contact details and assistance with investor online facilities. Please have your investor number (as shown on your distribution statements) ready to quote.
GPO Box 3993, Sydney, NSW, 2001
The responsible entity of and issuer of units in the Charter Hall Direct Long WALE Fund (ARSN 622 080 979) (Fund) is Charter Hall Direct Property Management Limited (CHDPML) (ABN 56 073 623 784; AFSL 226849). CHDPML as responsible entity for the Fund has issued a Product Disclosure Statement (PDS) dated 1 September 2020, which sets out the offer to apply for units in the Fund. This website is not intended to be and does not constitute a Product Disclosure Statement or disclosure document as those terms are defined in the Corporations Act 2001 (Cth). It does not constitute an offer for the issue sale or purchase of any securities or any recommendation in relation to investing in any asset. This website has been prepared without taking account of any particular investor's objectives financial situation or needs. While every care has been taken in the preparation of this website, CHDPML does not make any representation or warranty as to the accuracy or completeness of any statement in it, including without limitation any forecasts or opinions, and persons viewing this website should conduct their own inquiries and investigations. Forecasts, opinions and estimates provided on this website are based on assumptions, contingencies and market conditions which are subject to change without notice, and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct, and should not be relied upon as an indication of future performance. Past performance is not a reliable indicator of future performance. Distribution forecasts are subject to risks outlined in the PDS and distributions may vary in the future. The information contained on this website is subject to change, and CHDPML is not responsible for providing updated information to any person. To the maximum extent permitted by law CHDPML disclaims all liability for any loss or damage which may arise out of the provision to or are by any person of the information contained in this website. All figures stated herein are in Australian dollars unless otherwise stated. If you are considering an investment in any Fund (or making a decision about continuing to hold units in any Fund) you should read the PDS in its entirety and consider the information set out in the PDS in relation to the offer. The PDS sets out the benefits and features of the Fund and the risks of, and fees and costs associated with, investing in the Fund. You can request a copy of the PDS, free of charge, by calling CHDPML on 1300 652 790 and it is also available on this website or by contacting your financial adviser. Applications for units in in any Fund can only be made under the application form enclosed with the relevant PDS. As this website has been prepared without taking account of any particular investor's objectives financial situation or needs, it is important that you consider the PDS for the offer and seek appropriate professional advice having regard to your objectives financial situation and needs before making any investment decision in relation to the offer or the Fund. CHDPML does not receive fees in respect of the general financial product advice it provides, however it will receive fees for operating the Fund, in accordance with the Fund’s constitution. Entities within the Charter Hall Group may also receive fees for managing the assets of, and providing resources to, the Fund which are generally based on the value of the Fund’s assets. For more detail on fees, see the PDS. Any investment is subject to risk, including possible delays in payment and loss of income and principal invested. You should read the PDS for a description of the risks associated with investing in the Fund. Neither CHDPML nor any of its associates, related entities or directors guarantee the performance of any investment or the repayment of monies invested. If this website states that any Fund has been rated or has received a rating, you should be aware that ratings are only one factor to be taken into account when deciding whether to invest in the Fund.