Key Features Summary

Further details are provided in the Documents and Presentations section of this website. A summary of the key features of the SIML Global ETF Fund and summary details in a Q&A format are outlined below. These should be read in conjunction with the full Information Memorandum.


To be read with the full Information Memorandum

Fund Name

SIML Global ETF Fund


Eligible investors are invited to apply to subscribe for new Units in the Fund.

Offer Price

The Unit Price current for the time at which the Application Form is accepted.

Eligible Investors

Wholesale clients as defined for the Corporations Act.


The Fund is an open-ended unit trust domiciled in Australia that will invest in a range of Exchange Traded Funds listed in the US. The Unit Price will be denominated in US dollars (USD).

Investment objective

The aim of the Fund is to provide investors with USD-denominated, superior risk adjusted returns measured both on an absolute basis and compared with the S&P 500 Index.

Investment strategy

The Fund uses the Adaptive Asset Allocation™ process, a momentum investment strategy, as described in Section 3.

Investment universe

All US listed ETFs with a market capitalisation in excess of USD400 million.

Use of leverage

The Fund may gear its investments to an intended maximum of 1.5x (i.e., $5 of loan for every $10 of invested capital.) It is expected that the leverage will generally be around 1.3x.

Minimum initial investment1


Fees, charges and costs

Management Fee: 1.00 % (excluding GST) per annum initially accruing and paid Quarterly in arrears.

Performance Fee: 15% p.a. of all returns over the high water mark, initially accruing and paid Quarterly in arrears.

The Fund has no entry or exit fees or buy / sell spread.

For more information on fees and expenses, see Section 5.


Distributions will be made annually at 30th June each year and will be automatically reinvested.

Interim distributions may be made.


The Fund has no minimum or fixed investment term.

Unit Pricing

Unit Prices will be calculated Quarterly. Indicative prices will be available Monthly.

Application and redemptions

Applications and redemptions may be made on a Quarterly basis.


William Buck. 66 Goulburn Street, Sydney NSW 2000

Broker and sub-custodian2

Interactive Brokers LLC.

  1. The Manager and the Trustee may, at their discretion, alter the minimum investment amounts.

  2. Alternative or additional brokers and sub-custodians may be appointed at the discretion of the Trustee.