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TriVesta Gold Enhanced Fund [final name TBC]

Gold-linked strategy combining physical gold holdings, covered call options and physical gold trade arbitrage ([AUD / USD] unit classes)

Wholesale Investors only

Download Information Memorandum

Trivesta Funds Pty Ltd (AR 1274820) | Corporate Authorised Representative of Trivesta Capital Ltd, AFSL 320497

Overview

Why Invest in This Fund

Exposure to Gold

The Fund holds physical gold and gold exchange traded funds, giving investors exposure to movements in the gold price. Because the Fund holds gold, the value of your investment will fall when the gold price falls.

Additional Return Sources

The Fund seeks to add to returns from two further sources: premiums earned by selling fully covered call options over gold the Fund holds, and trading margins from physical gold trade between the Shenzhen and Hong Kong markets. These strategies do not protect investors against falls in the gold price.

Target return

[X]% p.a.

Target only, [after fees and expenses], not guaranteed. Returns may be negative and you may lose capital.

Redemptions

Redemption requests can be made [monthly]. A redemption fee of 2% of the redemption amount applies to units held for less than 12 months. Redemptions may be scaled back, delayed or suspended.

Transparent Reporting

You receive confirmation of investments and redemptions, [monthly] performance reports, an annual statement and an annual taxation statement.

Our Expertise

Global Presence and Proven Expertise

Trivesta is a trusted provider of investment and financial services in Australia, guided by a team with over 20 years of expertise in wealth management and financial markets.

Fund Details

The TriVesta Gold Enhanced Fund invests [directly / through [underlying vehicle]] in a portfolio of physical gold, gold exchange traded funds, exchange-traded and over-the-counter gold options, and physical gold trade arbitrage transactions. Returns are linked to the performance of that portfolio after fees and expenses.

Trustee

Trivesta Funds Pty Ltd ACN 627 270 900 (AR 1274820)

Investment manager

[Entity name, jurisdiction, licence]

Gold custodian

[Custodian name and vault location]

Target return (annualised)

[X]% p.a. (target only, not guaranteed)

Management fee (annualised)

1% p.a. of the net asset value [incl. GST] [currently waived; Trivesta may reinstate on [X] days' notice]

Performance fee

10% of returns above a hurdle of 8% p.a. [high-water mark: yes/no]

Redemption fee

2% of the redemption amount if units are held less than 12 months; nil thereafter

Minimum investment

[AUD 500,000 / USD 500,000] ¹

Minimum additional investment

[AUD 100,000 / USD 100,000]

Unit classes

[AUD / USD]

Distributions

[Accumulating / annual / other]

Recommended investment period

12 months or longer

Liquidity

[Monthly] ²

Legal advisor

McCullough Robertson ³

¹ Lower amounts may be accepted at Trivesta's discretion (accountant's certificate required).

² Subject to notice periods, redemption limits and possible delay or suspension as set out in the Information Memorandum.

³ McCullough Robertson acts as legal adviser to Trivesta Funds Pty Ltd on the Fund documents. It does not act for investors and does not endorse or recommend the Fund.

Before You Invest

This Fund is designed for wholesale investors who understand and accept higher-risk strategies.

Your investment is directly exposed to the gold price. A fall in the gold price will reduce the value of your units, and you may lose some or all of your capital.

Selling covered call options limits the Fund's gains when the gold price rises sharply, and the premiums received provide only limited offset when it falls.

The trade arbitrage strategy depends on trading counterparties, trade documentation, bank letters of credit, and regulatory arrangements for gold trade between mainland China and Hong Kong. A failure in any of these, including counterparty default, documentation fraud or regulatory change, may cause losses.

The structure is [offshore / partly offshore]. Gold is held by [custodian] in [location]. [Trading is executed through [entity], which is [affiliated / not affiliated] with Trivesta.]

Access to your money can be delayed. A 2% redemption fee applies to units held less than 12 months. No cooling-off period applies.

Investment Strategy

Gold Holdings

The Fund holds physical gold and gold exchange traded funds as its core position. This is the main driver of the Fund's returns and risk.

Covered Call Options

The Fund sells call options only over gold it already holds. In exchange for an option premium, the Fund gives up gains above the option's strike price for the life of the option. The Fund does not sell uncovered options [and does not borrow for investment purposes].

Physical Gold Trade Arbitrage

The Fund participates in physical gold trades between the Shenzhen and Hong Kong markets through [counterparties / licensed entities], seeking to capture price differences between the two markets. Purchase and sale prices are agreed at the same time to reduce exposure to gold price movements during the trade. Trades are funded using bank letters of credit and other trade finance arrangements. [Maximum allocation to this strategy: [X]% of the Fund.]

Professional Management

The Fund is managed by [entity, licence and jurisdiction]. [Option trades are executed through [broker]. Physical gold trades are conducted with [counterparties].]

There is no guarantee the investment objective will be achieved.

Fund Structure

  1. You

    Investor

  2. TriVesta Gold Enhanced Fund

    [Australian unit trust]

  3. [Underlying vehicle, if any, and jurisdiction]

  4. Gold holdings · Covered call options · Physical gold trade arbitrage

How Returns and Fees Work

Example: Investment AUD 500,000 held for 12 months

Hypothetical illustrations of how fees work. These are not forecasts.

If the Fund returns 12% after expenses and management fee: the return is AUD 60,000. The first AUD 40,000 (8%) is yours. Of the remaining AUD 20,000, a performance fee of AUD 2,000 is paid to Trivesta. You receive AUD 58,000 (11.6%).

If the Fund returns −15% after expenses and management fee: your investment falls in value by AUD 75,000, to AUD 425,000. No performance fee is payable.

If you redeem the full AUD 500,000 after 6 months, a redemption fee of AUD 10,000 (2%) applies, in addition to any gain or loss on your investment.

All Documents

Important Information

The TriVesta Gold Enhanced Fund is available only to wholesale clients as defined under the Corporations Act 2001 (Cth). Investment in the Fund carries risks, including loss of income and capital. The gold price can be volatile, and past performance of gold or of the Fund is not a reliable indicator of future performance. Offers will only be made under the Information Memorandum [and the relevant Supplementary Information Memorandum], which should be read carefully.

How to Invest

  1. Register

    Register online and complete the Registration Form in the Information Memorandum.

  2. Verify

    Upload your identification and wholesale client documents for verification.

  3. Invest

    Apply for units under the Supplementary Information Memorandum and invest via the platform.