What is a wholesale unit trust and why do we use this structure?

• A wholesale unit trust grants you, the investor, units in a fund, 
• A unit represents a pro rata share of the value of the fund assets. For example, if the net value of assets is $100 and there are 100 units, the value per unit is $1. 
• The unit price will change with the underlying portfolio of global shares. 
• The unit trust is open ended. You are able to enter and exit each month, as detailed in the Information Memorandum.  

• For investments under $500,000, the unit trust is available to wholesale investors only, as defined by the Corporations Act (net assets of $2.5 million, or gross income of at least $250,000 for the past two financial years).