Below is the 2020 financial year distribution and tax information for each of our funds.
The end of the financial year is a busy time for us. In addition to determining and paying the final year-end distribution for each fund, we also complete tax calculations and finalise tax statements for investors. We will also be finalising investment statements, preparing fund accounts and arranging to have them audited.
Each of our Affluence fund portfolios comprises a range of investments in different unlisted funds and LICs. Our year-end processes rely on each of those fund managers to provide us with data so we can complete our calculations. This does take some time and means that some procedures tend to take a little longer in July than in other months. Please bear with us.
Information for each fund is below.
Affluence Investment Fund
Returns this financial year for the Affluence Investment Fund have been positive but subdued. This still represents a much better result than the ASX200, which is expected to have a negative return for the 2020 financial year.
Due mostly to the substantial gains booked on the Fund’s hedges in March 2020, the Affluence Investment Fund will be paying a higher than usual distribution for June. The amount of the June distribution will be determined in early July. This distribution will be paid as usual on 10 July.
Below are our estimated dates for the Affluence Investment Fund 2020 end of financial year processes. We will update the information as each item is completed.
| Event | Date |
| Payment June 2020 distribution | 10 July 2020 (complete) |
| Release of June 2020 unit price | 10 July 2020 (complete) |
| Distribution reinvestment advices sent | 10 July 2020 (complete) |
| Release of June 2020 Fund Report | 15 July 2020 (complete) |
| Annual Investment statements sent | 21 July 2020 (complete) |
| Annual Tax statements sent | 20 August 2020 (complete) |
Affluence LIC Fund
Returns this financial year for the Affluence LIC Fund have been pretty good, relative to the very difficult investment environment.
Due mostly to the substantial gains booked on the Fund’s hedges in March 2020, the Affluence LIC Fund will be paying a substantially higher than usual distribution for June. The amount of the June distribution will be determined in early July. This distribution will be paid as usual on 10 July.
Below are our estimated dates for the Affluence LIC Fund 2020 end of financial year processes. We will update the information as each item is completed.
| Event | Date |
| Payment June 2020 distribution | 10 July 2020 (complete) |
| Release of June 2020 unit price | 10 July 2020 (complete) |
| Distribution reinvestment advices sent | 10 July 2020 (complete) |
| Release of June 2020 Fund Report | 15 July 2020 (complete) |
| Annual Investment statements sent | 21 July 2020 (complete) |
| Annual Tax statements sent | 29 July 2020 (complete) |
Affluence Small Company Fund
Returns this financial year for the Affluence Small Company Fund have been positive but subdued. This still represents a much better result than the ASX Small Ordinaries, which is expected to have a negative return for the 2020 financial year.
Due to a combination of gains booked on the Fund’s hedges in March 2020 and good results from some managers, the Affluence Small Company Fund will be paying a slightly higher than usual distribution for June. The amount of the June distribution will be determined in early July. This distribution will be paid as usual on 10 July.
Below are our estimated dates for the Affluence Small Company Fund 2020 end of financial year processes. We will update the information as each item is completed.
| Event | Date |
| Payment June 2020 distribution | 10 July 2020 (complete) |
| Release of June 2020 unit price | 10 July 2020 (complete) |
| Distribution reinvestment advices sent | 10 July 2020 (complete) |
| Release of June 2020 Fund Report | 15 July 2020 (complete) |
| Annual Investment statements sent | 17 July 2020 (complete) |
| Annual Tax statements sent | 20 August 2020 (complete) |
Want to know more?
If you have any questions regarding your investment, please do not hesitate to contact us or your financial advisor.
Thank you for your continued support. It means a lot to us.
If you’d like to learn more about our Affluence funds, you can visit the funds page.
If you’d like to learn more about how to report income and claim deductions for managed trust investments, the ATO has published information on their website here.
