Fund update | Third Link - February 2022

Dear investor

This issue of the newsletter includes an update on the Fund’s portfolio and its performance for the quarter ended 31 December 2021.

I'm delighted to share that the Fund donated $552k to Third Link portfolio charities last quarter, bringing our total donated since inception to $16.2m. Aiming to partner with a few organisations, Third Link prefers charities that take a systems approach to tackling issues and who collaborate with key stakeholders and complementary services to shift the dial for young people. We provide more information on our philanthropic strategy and our current charity partners below.

Thank you for investing with Third Link and allowing your fees to make a difference.

Regards,
Chris Cuffe AO, Founding Director and Portfolio Manager
Third Link Investment Managers Pty Limited

Portfolio update

The objective of Third Link Growth Fund (“the Fund”) is to provide a well-managed investment in Australian listed shares. To achieve this, the Fund extensively invests with professional third party investment managers.

As at the end of December 2021, the portfolio was invested as below:

The Fund paid an income distribution of $0.0119 cents per unit for the period
ending 31 December 2021.

In the quarter to 31 December 2021, the Fund also made a further investment with Hamish Blanche (Netherfield) IMA.

A description of each of the fund managers we invest with can be found on our website. Each of these managers rebates their management fees and performance fees, effectively meaning they are managing the assets of the Fund for free. It is through this extraordinary generosity, together with that of other service providers, that Third Link is able to make sizeable donations to the charitable sector without diluting the returns to investors from the Fund.

Fund performance

The aim of the Fund is to outperform, after fees and over rolling five year periods, the S&P/ASX 300 Accumulation Index¹. As at the end of December 2021 the Fund performance relative to the Fund benchmark was as below:

Figures greater than one year are expressed as annual compound returns. No allowance is made for tax. The benefits of franking credits from dividends received have not been included.

¹ The S&P/ASX 300 Accumulation Index covers the largest 300 shares listed on the Australian market. Being an accumulation index, it measures changes in both the value and income of the shares.

² February 2012 reflects the date when the Fund's investment strategy changed from multi-sector growth to Australian equities.

Third Link community partners

Third Link Investment Managers distribute over $2m per annum to quality organisations around Australia that strive to build a brighter, bolder future for Australian young people. Since Third Link’s inception in April 2008, more than $16m has been distributed to our charitable partners.

Currently, most partner organisations sit within Third Link’s three-pronged philanthropic strategy:

Amplifying the voice of young people in society - ensuring young people are represented in the conversations that concern them and their futures
Pathways to employment for at-risk young people - supporting organisations that work towards employability for the most disadvantaged and at-risk young people
Catalytic impact - focusing on organisations that are having a systemic impact, including advancing informed public debate.

Aiming to partner with a few organisations, Third Link prefers charities that take a systems approach to tackling issues and who collaborate with key stakeholders and complementary services to shift the dial for young people.

Third Link seeks to have a national footprint with its giving, representative of the investors that make up the fund and the knowledge that a prosperous Australia is one where all segments of the population thrive, regardless of background, ethnicity, gender, sexual orientation, ability, or geographic location.

Our current community partners include:

We look forward to profiling more inspiring work from our partners via this newsletter and on the Third Link website.

[Photo: A Song Room program in action at Liverpool Public School (NSW)]

Important Information: This information has been issued by Third Link Investment Managers Pty Ltd (Third Link), ABN 31 128 965 702, AFSL 321311 as investment manager of the Third Link Growth Fund (the Fund). This information provided is general information only. It does not constitute financial, tax or legal advice or an offer or solicitation to subscribe for units in the Fund. This information has been prepared without taking account of your objectives, financial situation or needs. Before acting on the information or deciding whether to acquire or hold a product, you should consider the appropriateness of the information based on your own objectives, financial situation or needs or consult a professional adviser. There can be no assurance that the Fund will achieve its targeted rate of return and no guarantee against loss resulting from an investment in the Fund. All investments carry risks. Past fund performance is not indicative of future performance. Bennelong Funds Management Ltd (BFML), ABN 39 111 214 085, AFSL No. 296806 is the Responsible Entity for the Fund. Applications can only be made on the application form dated 1 December 2020 accompanying the Fund Product Disclosure Statement (PDS) dated 1 December 2020. Potential investors should consider the PDS and the Additional Information to the PDS (AIB) before deciding whether to invest, or continue to invest in the Fund. The PDS and AIB can be obtained from www.thirdlink.com.au or by contacting Third Link.

The privacy of your personal information is important to us. View our privacy policy.