Skip to Content

Managed Investment news

Keep up to date on our managed investment options for MLC Wrap, MLC Navigator (and associated alliances) and MLC MasterKey, by referring to the below updates or the investment manager’s websites.

The managers of these illiquid managed investments offer the voluntary redemption or withdrawal of investors’ units during specified periods.

 

 

Investment

 

APIR

 

Product(s)

Our paper-based submission due date (by 3pm AEST/AEDT)

Our n-link> submission due date (by 5pm AEST/AEDT)

Withdrawal details / investment manager’s submission due date

APN Property for Income Fund and APN Property Fund for Income No. 2

APN0001AU
APN0004AU

MLC Navigator* and MLC Wrap

4 business days before manager close date

2 business days before manager close date

APN announced that from 1 July 2014, you can withdraw daily from these funds. 

Australian Unity Office Property Fund (prev. Australian Unity Second Industrial Trust)

IPL0001AU

MLC Wrap

4 business days before manager close date

2 business days before manager close date

Available adhoc.

Centuria Diversified Direct Property Fund

LAC0002AU

MLC Navigator* and MLC Wrap

4 business days before manager close date

2 business days before manager close date

Available adhoc.

Centuria Office Fund 2

LAC0001AU

MLC Navigator* and MLC Wrap

4 business days before manager close date

2 business days before manager close date

Available adhoc.

Charter Hall Direct Office Funds (Retail and Wholesale) (prev. Charter Hall Direct Property Fund)

MAQ0433AU
MAQ0448AU

MLC Navigator* and MLC Wrap

4 business days before manager close date

2 business days before manager close date

Available adhoc.

Charter Hall Umbrella Fund

CHF0002AU

MLC Navigator* and MLC Wrap

4 business days before manager close date

2 business days before manager close date

Available adhoc.

PFA Diversified Property Trust

PFA0001AU

MLC Wrap

4 business days before manager close date

2 business days before manager close date

Available adhoc.

Recurring sell of illiquid investments: To enable you to have quicker access to any holdings you may have in illiquid investments, from 1 September 2014 if you have illiquid investments in our Super and Pension products, you’ll automatically be enrolled in all withdrawal offers unless you opt out of the recurring sell instruction we've set for you. This means any money released will be automatically added to your cash account.  You can opt out of the recurring sell at any time by phone or in writing. Your adviser can also do this on your behalf.

Small balances: When making a withdrawal offer, some fund managers apply a minimum withdrawal amount for direct investors. If the account balance is below that amount, the full amount will be redeemed. As clients' holdings are held via the platform, these minimums do not apply. Every withdrawal request will be treated consistently and remain subject to the scale back set by fund managers. This now also applies to clients with illiquid fund balances under $500.

*MLC Navigator and associated alliances if applicable.

> n-link is for use by advisers only.