This product is closed
The VOLition Fund provides Australian investors with volatility adjusted exposure to the S&P/ASX 200 Index and Cash Investments.
Applications for investment in the Volition Fund are now closed.
The following performance information is for existing investors in the VOLition Fund.
|VOLition Fund Series||Value per Unit as at 31 August 2015||Investor Return Since Initial Investment In VOLition Series|
|E – Max+||0.9930***||63.343%|
|Initial Adjusted Index*:||4,461.00|
|Adjusted Index at 31 Aug 2015:||4,875.59|
|Volatility at 31 Aug 2015:||23.16%|
|Participation Rate at 31 Aug 2015:||66.70%|
* At commencement of the Index Contract on 14 August 2009
** 0.9930 is the final ex-price on maturity 31.08.2015
This information is current as at the date noted above. Please note that the performance information provided is not a quote or redemption estimate, is subject to change without notice and is indicative only. Macquarie Alternative Assets Management Limited, the responsible entity of the VOLition Fund, is not bound by the figures set out above and is not liable to cover any difference between the indicative valuation and the amounts payable on actual redemption. Furthermore amounts payable on redemption will be subject to loan repayment obligations and break costs as set out in the relevant Product Disclosure Statement and loan documentation.
An investment in the VOLition Fund is designed to be held until maturity.
The indicative valuations above may be materially different to the actual prices realised on redemption of an investment in the VOLition Fund. This is because the indicative valuations are based on estimated (or theoretical) values of the underlying components of the Index Contract and Cash Investments and not the actual value of these components at the time of redemption.
You may apply to redeem some or all of your units in a Series. Macquarie Alternative Assets Management Limited (Responsible Entity) has discretion whether to accept a redemption request other than a Maturity Redemption Request. Any redemption requests accepted prior to Maturity will not be processed more frequently than quarterly. At this stage, it is anticipated that limited redemption requests will be available at the quarters ending 31 January, 30 April, 31 July and 31 October of each year.
Please note that the Responsible Entity may be unable to redeem Units where it cannot readily realise Series assets to provide proceeds to fund that redemption request. The Responsible Entity’s ability to realise sufficient Series assets to fund a redemption will depend on the terms of the Cash Investments and Index Contract and any expenses and liabilities attributed to the Series. You should note that Macquarie Group Limited has agreed with the Responsible Entity that 20% of the notes to be issued to the Responsible Entity as Cash Investments and held as part of each Series Pool will be redeemable prior to Maturity. Once the 20% of Cash Investments have been redeemed for a given Series, it is anticipated that no further redemptions will be possible prior to Maturity for that Series.
Redemptions were intended to be on a quarterly basis but are no longer available as all remaining classes have reached their redemption limit.
Indicative monthly valuations are available on the VOLition Fund website.
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 Product Disclosure Statement and loan documentation.
The Responsible Entity has invested the amount raised for each Series in:
The Cash Investments for a Series are made with the aim that, by Maturity, they will grow to at least a proportion (called the "Series Percentage") of the Issue Price of the Units in that Series - which is the "Protected Value" of your investment in the VOLition Fund.
|Series||Issuer*||Series Percentage^||Protected Value per Series Unit^||Maturity Value of Cash Investments per Unit^|
* MGL = Macquarie Group Limited
^ Please note that these figures are rounded, and are calculated based on your initial investment in a Series, without taking into account distribution reinvestment. To determine your Protected Value or Maturity Value, please reference your initial investment or disregard any units issued pursuant to distribution reinvestment.
The Index Contracts provide varying participation in the daily gains and losses of the S&P/ASX200 index. For each Series the overall gain must exceed a specified percentage ("Threshold") of the initial index level before there will be any value deliverable from the Index Contract at maturity.
* Citigroup = Citigroup Global Markets Australia Pty Ltd with guarantee provided by Citigroup Inc.
Credit Suisse = Credit Suisse International
Variable Participation Methodology adjusts the level of participation (“Participation Rate”) in the performance of the S&P/ASX200 Index on any day, based on the annualised volatility of the index over the last 60 ASX trading days (“Volatility”).
|Greater than||But less than or equal to|
This information has been prepared by Macquarie Alternative Assets Management Limited ABN 30 103 237 181 AFSL 225758 (MAAML), the issuer of units in and responsible entity of the VOLition Fund. An invitation to apply for an investment in the VOLition Fund was made by MAAML in Product Disclosure Statements dated 3 June 2009 (PDS). The offer is now closed.
This information has been prepared without taking account any potential investor’s financial situation, objectives or needs and the appropriateness of this information needs to be considered in that context. A person should consider the PDS in deciding whether to acquire, or continue to hold, an investment in the VOLition Fund.
MAAML or its associates, officers or employees may have interests in the financial products referred to in this information by acting in various roles including as investment banker, broker, lender or adviser. MAAML or its associates may receive fees, brokerage or commissions for acting in those capacities. In addition, MAAML or its associates, officers or employees may buy or sell the financial products as principal or agent. You may contact MAAML on 1800 080 033.
Investments in the VOLition Fund are not deposits with, or other liabilities of, Macquarie Bank Limited ABN 46 008 583 542 or of any Macquarie Group company, and are subject to investment risk, including possible delays in repayment and loss of income or principal invested. None of Macquarie Bank Limited, MAAML or other member companies of the Macquarie Group of companies guarantees any particular rate of return or the performance of the VOLition Fund, nor do any of them guarantee the repayment of capital from the VOLition Fund.