Understanding CCIAM Trusts
Who can invest?
The Trusts are offered to registered tax-exempt Catholic entities that wish to make investments which reflect Catholic values, beliefs and principles.
The Trusts suit investors wishing to ensure their investments are managed in line with Catholic principles, and who are seeking competitive returns over a medium- to long-term investment horizon.
The minimum initial investment amount is $500,000. This amount can be split across multiple Trusts. Subsequent investments must be of $10,000 or more.
Catholic Values Trust
Income Trust
For more information, please contact our Client Service team on
The Trust investment process
- Upon receiving a satisfactorily completed application form, we will process the unit holder’s details and issue units based on the unit price calculated to reflect the new application.
Please contact out customer service team (using the contact details on the left) to obtain the application form.
- Units will be issued to unit holders equal to the value of the investment based on the next unit price calculated upon receipt of the completed application form. Once the deposit has been processed a statement will be sent to the unitholder outlining the balance of units.
- Applications are usually processed within seven business days of receipt.
- New investors may be required to provide further information to enable the Administrator to verify their identity in accordance with current legislation.
Valuing Trusts
The value of an investment in a trust is calculated by multiplying the unit price by the number of units held. The unit price is usually calculated daily.
When a new unit price is calculated, assets of each trust are valued and any expenses are deducted to derive the Net Asset Value of the trust. The Net Asset Value is divided by the number of units on issue in the relevant trust, to determine the unit price. All applications and redemptions received are processed at the next unit price that is calculated with the buy or sell price applied respectively.
The value of units will rise and fall in line with the value of the underlying assets of the trust and may include items such as realised and unrealised capital gains and losses, interest and dividends.
How to redeem funds from the Trusts
Unitholders can redeem funds by completing a redemption form, which is available on request from SGH. Redemption requests received by 11 am (Melbourne time, on business days) will be processed at the next unit price that is calculated, less the sell spread.
Proceeds will be paid by electronic funds transfer to a pre-identified nominated account. Redemptions are normally processed within seven business days of receipt.
Note: Requests for redemption of units received during a distribution calculation period (e.g. July and January), may be delayed until the relevant distribution is finalised. This may also apply during a period of fund manager transition.
Income distribution
Each Trust will earn income from dividends and interest and such income will be distributed in full. Distributions of a dollar value per unit will be paid to unit holders based on the number of units held.
Distributions for the Catholic Values Trust will be made twice a year at 30 June and 31 December, while the Income Trust will distribute quarterly at 31 March, 30 June, 30 September and 31 December. All distributions will normally be paid within 30 business days after the ‘distribution declared’ date.
You have a choice as to how income is distributed. It can be:
- credited to a nominated bank, credit union, building society or Catholic Development Fund account; or
- reinvested as new units.
Client service reporting
When investing in the Trusts, The Administrator will provide the following information:
Confirmation of investment
Confirmation of investment will state the number of units in each Trust issued to you, the unit price at issue, the date the units were issued and your Client Number.
Monthly holding statement
Unitholders will receive a statement showing the total units held, unit price (which includes the sell spread), and holding value.
Distribution statements
At the time of each income distribution, a distribution statement will be issued to unitholders. This will occur on a half yearly cycle, with the exception of the Income Trust, which has a quarterly cycle.
Taxation statement
Each investor will receive a tax statement summarising the distributions paid for the financial year ended 30 June.
Tax Concession Charity status
The Trusts are acknowledged by the Australian Taxation Office (ATO) as providing an investment service for the promotion of religious principles and have been granted an endorsement as a Tax Concession Charity (TCC), in particular charitable funds under subdivision 50-B of the Income Tax Assessment Act 1997. As a result, the Trusts enjoy an exemption from income tax. Imputation credits (also called franking credits) attached to dividends paid directly to shareholders, or indirectly as Trust beneficiaries, are refundable to tax concession charities. Therefore, the Trusts will be entitled to claim the benefit of a refund of excess Imputation Credits on franked dividends received from the Trust’s investments, which are then passed on to investors as part of the distribution from these Trusts.
Monthly Update
Unitholders will receive a regular update outlining the progress of their investment.
The latest monthly updates are available below:
Catholic Values Trust
Income Trust
The update will normally include:
- a commentary on the general outlook for financial markets
- any developments at SGH
- changes in unitholder services, and
- other items of interest to unitholders.
