Products & platforms

Macquarie reFleXion® Trusts

This product is closed

 

Features

The Macquarie reFleXion® Trusts provide Australian investors with exposure to a diverse range of global markets with the benefit of capital protection (at maturity) and 100% gearing.

All current offers are now closed.

Information for existing investors

Advisers and investors can view more information about their investment including indicative valuations and correspondence, by logging on to our secure online portal.

How to login

Login to the secure online portal with your Macquarie Access Code (MAC) and password:

  • Copy and paste www.macquarie.com.au to your web browser
  • Under 'Registered users login' click Advisers or Personal
  • Login - Select Alternative Investments
  • Enter your Macquarie Access Code (MAC) and password

If you do not have a MAC and password please email structuredinvestments@macquarie.com and you will be re-issued with a new one.

Resources

Macquarie reFleXion® Trusts Variation

This information sheet summarises additional information relating to the Variation classes of the Macquarie reFleXion Trusts. We recommend investors obtain financial, legal and taxation advice before making any financial investment decisions.

Underlying Investment Levels and Caps

Performance

Latest performance information

The following performance information is for existing investors in the Macquarie reFleXion Trusts.

Please click here to view the latest performance information.

Please note that the performance information provided is not a quote or redemption estimate, is subject to change without notice and is indicative only.  Amounts payable on redemption will be subject to loan repayment obligations and break costs as set out in the relevant PDS.

Remember, past performance is not a reliable indicator of future performance.

Interest rates

2009

June 2011 interest rates for June 2009 investors

These rates apply for the period from 30 June 2011 to 29 June 2012.

Macquarie reFleXion Trust Floating interest rate Semi-fixed
interest rate^
Annual-in-advance pa Monthly-in-arrears pa Annual-in-advance pa
BRIC and Emerging Markets Trust 5.85% 6.25% 7.25%
China Trust 5.85% 6.25% 7.25%

Interest Loan Rate: 10.95% pa.

Actual interest rates are calculated on the Investment Loan Drawdown amount. Note the Investment Loan Repayment amount may be higher than the Investment Loan Drawdown amount. However, if the investment is held to maturity, the Investment Loan Repayment amount is capital protected (subject to the creditworthiness of the Swap Counterparty and FX Counterparty).

^ Please note that the Semi-Fixed Interest Rate option is not available if you elect to make your payments monthly in arrears.

To view the interest rate matrix for the June 2009 offer, please click here.

2008

June 2011 interest rates for June 2008 investors

For Variation classes please add 1% to the relevant interest rate.

Macquarie reFleXion Trust Floating interest rate Semi-fixed
interest rate
Annual-in-advance pa Monthly-in-arrears pa Annual-in-advance pa*
Japan Trust 7.75% 8.15% 9.00%
Japan Focus Trust 7.75% 8.15% 9.00%
Best of Japan and Australia Trust 9.35% 9.75% 11.15%
BRIC and Emerging Market Trust 5.25% 5.65% 8.45%
China Trust 5.25% 5.65% 8.45%
Asia Property Trust 5.25% 5.65% 8.45%
Middle East Trust 5.25% 5.65% 8.45%
Europe Trust 5.95% 6.35% 8.25%
Renewable Energy Trust 5.95% 6.35% 8.25%
Commodity Trust 5.95% 6.35% 8.25%

Interest Loan Rate: 10.95% pa.

Actual interest rates are calculated on the Investment Loan Drawdown amount. Note the Investment Loan Repayment amount may be higher than the Investment Loan Drawdown amount. However, if the investment is held to maturity, the Investment Loan Repayment amount is capital protected (subject to the creditworthiness of the Swap Counterparty and FX Counterparty).

* Please note that the Semi-Fixed Interest Rate option is not available if you elect to make your payments monthly-in-arrears.  For full details of payment options available, please refer to the PDS.

To view the interest rate matrix for the June 2008 offer, please click here.

2007

June 2011 interest rates for June 2007 investors

For Variation classes please add 1% to the relevant interest rate.

Macquarie reFleXion Trust Floating interest rate Semi-fixed
interest rate
Annual-in-advance pa Monthly-in-arrears pa Annual-in-advance pa
Japan Trust 6.75% 7.00% 7.15%
Japan Focus Trust 6.75% 7.00% 7.15%
Best of Japan and Australia Trust 7.80% 8.05% 8.30%
BRIC & Emerging Markets Trust 5.10% 5.35% 7.95%
China Trust 5.10% 5.35% 7.95%
Europe Trust 5.95% 6.20% 7.40%
Renewable Energy Trust 5.95% 6.20% 7.40%
Commodity Trust 5.95% 6.20% 7.40%
Japan Focus Trust Variation# 8.30% 8.55% 8.70%

Interest Loan Rate: 10.95% pa.

Actual interest rates are calculated on the Investment Loan Drawdown amount. Note the Investment Loan Repayment amount may be higher than the Investment Loan Drawdown amount. However, if the investment is held to maturity, the Investment Loan Repayment amount is capital protected (subject to the creditworthiness of the Swap Counterparty and FX Counterparty).

To view the interest rate matrix for the June 2007 offer, please click here.

# This information relates to the Japan Focus Trust with Variation implemented from 30 June 2008. Please note the additional 1% interest rate for the variation classes does not apply.

June 2011 interest rates for December 2007 investors

For Variation classes please add 1% to the relevant interest rate.

Macquarie reFleXion Trust Floating interest rate Semi-fixed
interest rate
Annual-in-advance pa Monthly-in-arrears pa Annual-in-advance pa
Japan Trust 6.90% 7.15% 7.10%
Japan Focus Trust 6.90% 7.15% 7.10%
Best of Japan and Australia Trust 8.35% 8.60% 8.80%
BRIC & Emerging Markets Trust 4.90% 5.15% 7.30%
China Trust 4.90% 5.15% 7.30%
Asia Property Trust 4.90% 5.15% 7.30%
Europe Trust 5.80% 6.05% 7.15%
Renewable Energy Trust 5.80% 6.05% 7.15%
Commodity Trust 5.80% 6.05% 7.15%

Interest Loan Rate: 10.95% pa.

Actual interest rates are calculated on the Investment Loan Drawdown amount. Note the Investment Loan Repayment amount may be higher than the Investment Loan Drawdown amount. However, if the investment is held to maturity, the Investment Loan Repayment amount is capital protected (subject to the creditworthiness of the Swap Counterparty and FX Counterparty).

To view the interest rate matrix for the December 2007 offer, please click here.

2006

June 2011 interest rates for June 2006 investors

For Variation classes please add 1% to the relevant interest rate.

Macquarie reFleXion Trust Floating interest rate Semi-fixed
interest rate
Annual-in-advance pa Monthly-in-arrears pa Annual-in-advance pa
Japan Trust 5.60% 5.85% 6.10%
China Trust 4.90% 5.15% 6.90%
Emerging Markets Trust 5.90% 6.15% 6.40%
Europe Trust 5.90% 6.15% 6.40%
Commodity Trust 5.90% 6.15% 6.40%

Interest Loan Rate: 10.95% pa.

Actual interest rates are calculated on the Investment Loan Drawdown amount. Note the Investment Loan Repayment amount may be higher than the Investment Loan Drawdown amount. However, if the investment is held to maturity, the Investment Loan Repayment amount is capital protected (subject to creditworthiness on the Swap Counterparty and FX Counterparty).

June 2011 interest rates for November 2006 investors

For Variation classes please add 1% to the relevant interest rate.

Macquarie reFleXion Trust Floating interest rate Semi-fixed
interest rate
Annual-in-advance pa Monthly-in-arrears pa Annual-in-advance pa
Japan Trust 6.10% 6.35% 6.60%
BRIC and Emerging Markets Trust 5.15% 5.40% 7.55%
Europe Trust 5.95% 6.20% 6.55%
Commodity Trust 5.95% 6.20% 6.55%

Interest Loan Rate: 10.95% pa.

Actual interest rates are calculated on the Investment Loan Drawdown amount. Note the Investment Loan Repayment amount may be higher than the Investment Loan Drawdown amount. However, if the investment is held to maturity, the Investment Loan Repayment amount is capital protected (subject to creditworthiness on the Swap Counterparty and FX Counterparty).

To view the interest rate matrix for the November 2006 offer, please click here.

2005

June 2011 interest rates for 2005 investors

Macquarie reFleXion Japan Trust 2005 - JPY Interest Rates

Interest payment option Standard interest rate pa Fixed interest rate pa
Annually in advance 6.26% 5.76%
Monthly in arrears 6.45% 5.96%

The above interest rates are calculated using an AUD:JPY foreign exchange rate of 78.00.

Actual interest rates are calculated on the Investment Loan Drawdown amount. Note the Investment Loan Repayment amount may be higher than the Investment Loan Drawdown amount. However, if the investment is held to maturity, the Investment Loan Repayment amount is capital protected (subject to the creditworthiness of the Swap Counterparty and FX Counterparty).

Macquarie reFleXion China Trust 2005 and Macquarie reFleXion Asia Trust 2005 - USD Interest Rates

Interest payment option Floating rate pa Including interest rate cap pa
Annually in advance 7.45% 8.62%
Monthly in arrears 7.73% 8.89%

The above interest rates are calculated using an AUD:USD foreign exchange rate of 0.8620.

Actual interest rates are calculated on the Investment Loan Drawdown amount. Note the Investment Loan Repayment amount may be higher than the Investment Loan Drawdown amount. However, if the investment is held to maturity, the Investment Loan Repayment amount is capital protected (subject to the creditworthiness of the Swap Counterparty and FX Counterparty).

Interest Loan Rate: 10.95% pa.

To view the interest rate matrix for the 2005 offers, please click here.

Redemption

Download the Redemption Request Form

To download the Redemption Request form, please click here.

We will endeavour to send investors a confirmation email within 48 hours of receipt of their Redemption Request Form. Please note redemption requests may not be withdrawn.

Timings

Redemption period Redemption Request Form due date Approximate valuation date Approximate date proceeds paid/shortfall direct debited
December redemption 15 November Early to mid December Last business day of December
June redemption 15 May Early to mid June Last business day of June

Indicative valuations

Indicative monthly valuations are available on the reFleXion website on or around the 15th day of each month.

Please note that the performance information provided is not a quote or redemption estimate, is subject to change without notice and is indicative only.  Amounts payable on redemption will be subject to loan repayment obligations and break costs as set out in the relevant PDS.

Underlyings

To view the composition of the Underlying Investments, click on the link or visit the website referred to in the table below. The Underlying Investments listed below apply only to those investors that did not apply the optional variation to their investment in June 2009. For those investors the Underlying Investment has been varied and may be found here.

Macquarie reFleXion Trust Underlying Investment Related offer
Asia Property Trust Morgan Stanley SICAV Asian Property Fund
(December 2007 offer only)
 2007
Asia Trust The Merrill Lynch Asia PER Accumulation Index
 2005
Best of Japan and Australia Trust The best performing of the Nikkei 225 Index and the S&P/ASX 200 Index.
The constituent stocks of the Nikkei 225 Index by market capitalisation can be viewed on the Nikkei website at www.nni.nikkei.co.jp
The constituent stocks of the S&P/ASX 200 Index by market capitalisation can be viewed on S&P's website at www.standardandpoors.com.au
 2007
BRIC and Emerging Markets Trust Macquarie Emerging Markets Tactical Allocation Funds 2006, 2007, 2008, 2009
China Trust The Merrill Lynch China Dragon Index
To view the latest fact sheet, please click here.
 2005, June 2006 offer only, 2007
Commodity Trust Wellington Commodities Fund^ December 2007 offer only
Commodity Trust The Diversified Commodity Basket
 2006, June 2007 offer only
Emerging Markets Trust The Merrill Lynch China India and Emerging Markets Index
 June 2006 offer only
Europe Trust The Dow Jones EURO STOXX 50 Index.  Refer to the STOXX website at www.stoxx.com for a list of stocks comprising the index.

 2006, 2007
Japan Focus Trust The Merrill Lynch Japan Focus 1 Index
To view the latest fact sheet, please click here.
 2007
Japan Trust The Nikkei 225 Index.  The constituent stocks of the Nikkei 225 Index by market capitalisation can be viewed on the Nikkei website at www.nni.nikkei.co.jp
 2005, 2006, 2007
Renewable Energy Trust The Merrill Lynch Renewable Energy Index
To view the latest fact sheet, please click here.
 2007

 

reFleXion® 2005

Offer for investor units

Investors in the Macquarie reFleXion Trusts 2005 have the opportunity to participate in a buy-back offer by Macquarie Financial Products Management Limited (Macquarie). Macquarie has made an offer to buy all investors' units in the following Trusts:

  • The Macquarie reFleXion China Trust 2005 ARSN 113 137 027 (China Trust) and
  • The Macquarie reFleXion Japan Trust 2005 ARSN 113 136 977 (Japan Trust).

If you are an investor in these Trusts, you should receive a letter from Macquarie dated 23 January 2012 setting out the terms of the offer.  

Participation Form

To participate in the Offer, investors should speak to their financial adviser, complete the Participation Form included with their letter of offer, and submit this form to us.

Direct Debit Authority Form

If you wish to participate in the Offer and your bank account details have changed, you must complete the direct debit authority form and submit it to us on or before 14 February 2012.

Click here to download the Direct Debit Authority Form.

Indicative Valuation

This information is current as at 31 December 2011, is subject to change without notice and is indicative only. Macquarie Financial Products Management Limited is not bound by the figures set out below and is not liable to cover any difference between the indicative valuation and the Sale Amounts of the Units. Therefore, this information is not a quote, nor does it represent a formal net asset value of a Macquarie reFleXion Trust.

These estimates are not the Sale Amounts of the Units in the Trusts. The Sale Amounts of the Units will be determined as at the Acquisition Date, which is expected to be around 28 February 2012.

  China Trust Japan Trust
(1) Unit value* (for equivalent AUD investment) 1.2727 1.3820
(2) Standard Loan value* (for equivalent AUD investment) (including estimated break costs) 1.1075 1.3980
Net return on initial AUD investment ((1) – (2)) 16.52% -1.60%
(3) Capped (for China Trust) / Fixed (for Japan Trust) investor loan value* (for equivalent AUD investment) (including estimated break costs) 1.1103 1.3990
Net return on initial AUD investment ((1) - (3)) 16.24% -1.70%

* Please note that all amounts are in AUD.

This information is provided by Macquarie Financial Products Management Limited ACN 095 135 694 (Macquarie). An offer to purchase units in the Macquarie reFleXion China Trust 2005 and Macquarie reFleXion Japan Trust 2005 (Trusts) is made by Macquarie in a letter dated 23 January 2012 (Offer),that has been sent to the offeree. There are risks associated with any investment decision, including participating in the Offer. It is important that you read the terms and conditions of the Offer (including the costs involved) carefully, and seek the advice of your financial and taxation advisers before making a decision.

Neither the investments in the Trusts nor the Offer are deposits with, or other liabilities of, Macquarie Bank Limited ABN 46 008 583 542 (MBL), Macquarie or of any other Macquarie Group company and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. Neither MBL, Macquarie nor any other member of the Macquarie Group guarantees any particular rate of return on, or the performance of, the Trusts or the Offer, nor do they guarantee the repayment of capital from the Trusts.

Contact us

Call: 1800 080 033

Overseas: +61 2 8245 4903

Fax: +61 2 8232 6158

Email