The Endowment Fund administers a market linked investment fund governed in the Yale-style Endowment Model. This fund accepts investments from the Parishes, Anglican Schools, Anglican Agencies and the Synod. The Endowment Fund follows an ethical investment model and invests in balanced growth assets through wholesale managed funds instructed by private mandates, equity holdings, property trusts, and cash.
Who is this fund suitable for?
The fund was established to suit entities such as parishes, schools and agencies affiliated with the Anglican Church who have a long-term investment perspective and require a regular income stream while protecting the real value of their capital.
How does the fund invest?
- The fund seeks to achieve its objectives by investing in Australian and international fixed interest, shares, property and cash.
- The fund places emphasis on a long-term horizon of more than five years when executing investment strategies.
- The relationship between risk and return is fundamental to the investment strategy.
- Risk exposure is to be managed through prudent investment management and diversification. This is achieved by investing in different asset classes with additional diversification achieved using different fund managers.
Key features and benefits
There are a number of distinctive benefits to investing with AFSA. These include:
- All investments are selected and managed in accordance with the AFSA’s Ethical Investment Policy.
- The fund has been designed to provide a consistent income stream to reduce financial uncertainty whilst preserving the real value of capital
- income of 5% pa, paid semi-annually, and
- produce a combined return of income and capital growth, after fees, of 5% pa above CPI.
- The fund has a consistent record of strong investment performance.
- The fund reduces risk of capital loss by investing across a number of different asset classes.
Important Information: AFSA is a charitable investment fundraiser whose activities meet the requirements of ASIC Corporations (Charitable Investment Fundraisers) Instrument 2016/813 (the ASIC Instrument). The ASIC Instrument provides exemption from various fundraising, managed investment and licensing provisions of the Corporations Act 2001 for qualifying charitable investment fundraisers. Neither AFSA, the Synod itself, nor its products, nor promotional material and offer documents have been examined or approved by ASIC. By issuing interests in the Fund, the Synod promotes the charitable purposes of the Anglican Church in the Diocese of Adelaide by providing an income stream directly to missional activities, while providing governance and stewardship of Church capital. Investment in the Fund is only intended to attract investors whose primary purpose is to support the charitable purposes of the Anglican Church in the Diocese of Adelaide. The Synod is required by law to notify investors: that its products and their offering are not subject to the usual protections for investors under the Corporations Act or regulation by ASIC; investors may be unable to get some or all of their money back when the investor expects, or at all; and the investment is not comparable to investments with banks, finance companies or fund managers. The Fund is not prudentially supervised by the Australian Prudential Regulation Authority therefore, an investor in the Fund will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959. The Identification Statement lodged and accepted by ASIC may be viewed on the AFSA website.