Important changes to the Claremont Capital Investments Managed Portfolios

**This email provides you with the required 30 days’ notice and sets out the key changes that may impact your account. Please refer to the updated Managed Portfolio Disclosure Document (MPDD) for further details, which should be read in conjunction with the Mason Stevens Super Product Disclosure Document (PDS) and Mason Stevens Additional Information Guide (AIG). 

When will the new fee take place?

27 March 2024

Why are you receiving this notice? 

You are receiving this notice because you have an account with Mason Stevens and currently hold investments in one or more of the Claremont Capital Investments Managed Portfolios listed below. 

What is the reasons for the change/cause of the issue? 

Effective 27 March 2024, the investment management fee for Claremont Capital Investments Managed Portfolios is increasing as outlined below. The fees stated are inclusive of goods and services tax (GST) and net of any reduced input tax credits (RITC).

As an example, if you invested $50,000 in the Balanced Accumulation Managed Portfolio, the annual investment management fee you pay will increase by $12.50 ($50,000 x 0.025%) from 27 March 2024.

It is important to note that this aligns with the management fee disclosed within the Statement of Advice you have received.

Why are the investment management fees increasing? 

The investment management fees are changing to properly account for the amount of GST included in the management fee. 

What are the next steps? 

 If you choose to keep your investments in the Claremont Capital Investments Managed Portfolios, no action is required. However, please be aware that the fees for investing in the portfolios will increase starting from 27 March 2024. If you wish to make any changes to your investments, please contact your financial adviser.

Should you have any questions, please reach out to your adviser or contact us using the information provided below.

Important Information 

Current as of 26 February 2024. This is general information only and does not constitute financial product advice. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation and needs. This document provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such. Diversa Trustees Limited ABN 49 006 421 638 AFSL 235153 RSE Licence No. L0000635, is the Trustee of Mason Stevens Super (the “Fund”) an APRA-regulated fund ABN 34 422 545 198. Mason Stevens Limited ABN 91 141 447 207 AFSL 351578 is the Sponsor, Promoter and Custodian of the Fund. Mason Stevens Asset Management Pty Limited ABN 92 141 447 654 is the Investment Manager of the Fund and is a Corporate Authorised Representative of Mason Stevens Limited. FNZ (Australia) Pty Limited ABN 67 138 819 119 is the Administrator of the Fund. An investment in the Fund is only available through licensed financial advisers.