No images? Click here Dear investor This issue of the newsletter includes an update on the Fund’s portfolio and its performance for the six-month period to 30 September 2020. I hope you’ll also enjoy our story about Food Ladder, one of the charitable organisations that Third Link supports. We spoke with Kelly McJannett, Food Ladder’s CEO, to see how our funding is helping her organisation to give more people in remote and regional communities the tools to stop hunger and malnourishment. Food for thought. Thank you for investing with Third Link and allowing your fees to make a difference. Regards, Portfolio updateThe 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. Over the last six months the changes to the portfolio, excluding movements in our cash investments, include paying an income distribution of $0.0378 for the period 1 January to 30 June 2020, and making a full redemption of the Fund’s investment in the Lazard Select Australian Equity Fund. 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 performanceThe 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 September 2020 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. The Fund also produced a return of 28.6% after fees compared to the S&P/ASX 300 Accumulation Index of 16.7% over the six-month period ended 30 September 2020. This is a sharp change from the previous six-month period ending in March 2020, which was heavily impacted by the COVID-19 pandemic. The longer-term performance of the Fund continues to be very pleasing. This has been achieved because of solid long-term investment results by the fund managers utilised by the Fund, validating their continuing inclusion. This result also continues to demonstrate that our active approach to adding value for investors over the long term is proving to be rewarding. Food Ladder: Giving people the tools to stop hungerFood Ladder provides remote and regional communities with hydroponic greenhouses and specialised training so they can grow fruit and vegetables, and set up their own social enterprise if they choose. The organisation’s horticulture and business experts offer support throughout the process, leaving behind a sustainable food system, which has health, educational and economic benefits. Since its inception in 2008, Food Ladder has fed thousands of people and created over 600 jobs for remote Indigenous workers, long-term unemployed people, asylum seekers and public housing tenants. Today, thanks to Third Link funding, Food Ladder is gearing up to exponentially increase its impact. 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 22 October 2018 accompanying the Fund Product Disclosure Statement (PDS) dated 22 October 2018. 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
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