The Investment Manager

The Investment Manager is Epoch Investment Partners, Inc. (Epoch), a New York based, US and global equity investment manager formed in 2004. Epoch is also the manager of the Grant Samuel Epoch Global Equity Shareholder Yield Funds.

The Fund

The Grant Samuel Epoch Global Choice Fund offers a highly concentrated portfolio of between 20-35 global equity securities.

Investment Objective

The investment objective of the Fund is long term capital appreciation. Epoch seeks to achieve this by leveraging its core investment philosophy which focuses on free cash flow. The Grant Samuel Epoch Global Choice Fund utilises the collective judgement of Epoch’s senior portfolio managers to construct the portfolio from the Manager’s best stock ideas, referencing long term global themes and incorporating sophisticated risk management techniques.

Who can invest

This Fund is open to Australian resident “wholesale clients” (as defined in section 761G of the Corporations Act 2001) and to selected New Zealand resident investors whose principal business is the investment of money, or those that habitually invest money in the course of their business and who are not members of the public for the purpose of the New Zealand Securities Act 1978 (Eligible Investors).

The minimum investment for Units in the Grant Samuel Epoch Global Choice Fund is A$500,000.

An Information Memorandum is available on request from Grant Samuel Funds Management on +61 2 9324 4356.

Please note:
If you are not an Eligible Investor and Units are issued to you in error the Responsible Entity reserves the right to redeem Unit holdings and pay the prevailing redemption price for Units.

Documentation

IMPORTANT INFORMATION

Grant Samuel Fund Services Limited (ABN 48 129 256 104, AFSL 321517) is the responsible entity of the Grant Samuel Epoch Global Choice Fund (ARSN 130 353 070) and is the issuer of this information. The Fund is registered as a managed investment scheme under the Corporations Act 2001 (Cth). Grant Samuel Fund Services has appointed Epoch as the investment manager of the Fund. Units in the Fund are available for issue by Grant Samuel Fund Services as responsible entity of the Fund to Eligible Investors. This information has been prepared as general information only without taking into account the objectives, financial situation or needs of individuals. Before making an investment decision in relation to the Fund, investors should consider the appropriateness of this information, having regard to their own objectives, financial situation and needs and read and consider the Information Memorandum for the Fund dated 27 November 2009. Applications to invest in the Fund must be made on the application form which accompanies the Information Memorandum.

About Epoch

Epoch is a New York based US and global equity investment manager formed in 2004 by four experienced professionals who foresaw a significant change in both the drivers of investment returns and the structure of investment management firms. Bill Priest, Epoch’s CEO and Co-CIO, is an industry veteran with more than 45 years investment experience.

Since inception Epoch has been a public company, with all of the rigorous disclosure requirements. (NASDAQ listed, ticker EPHC).

A fundamental belief at Epoch is that their products should have small teams of investment professionals managing a strategy, but with one individual ultimately responsible for the performance of the portfolio. Supporting that person is the entire research team effort of the firm. Epoch’s Head of the Quantitative Research & Risk Management group is also a co-portfolio manager on all their funds which highlights the importance of risk management and quantitative input into their investment process.

Epoch believe that prudent stock selection based on free cash flow analysis and portfolio construction enhanced by strong risk management capabilities is the optimal way to produce superior risk adjusted returns.

All Epoch’s investment strategies are managed in accordance with this investment philosophy. They analyse a company in the same manner a private investor would if looking to purchase the entire company and only invest in companies they understand and where they have confidence in its financial position. Epoch looks for companies that generate free cash flow and securities that have unrecognised potential yet possess a combination of above average yield, above average free cash flow growth, and/or below average valuation.

Global Choice is a highly concentrated equity strategy that invests according to the firm’s core investment philosophy. The goal of Global Choice is to leverage this philosophy within a portfolio of 20-35 securities which capture key trends in the global economy.

Performance

Grant Samuel Fund Services Limited (ABN 48 129 256 104, AFSL 321517) is the responsible entity of the Grant Samuel Epoch Global Choice Fund (ARSN 130 353 070) and is the issuer of this information. The Fund is registered as a managed investment scheme under the Corporations Act 2001 (Cth). Grant Samuel Fund Services has appointed Epoch as the investment manager of the Fund. Units in the Fund are available for issue by Grant Samuel Fund Services as responsible entity of the Fund to Eligible Investors. This information has been prepared as general information only without taking into account the objectives, financial situation or needs of individuals. Before making an investment decision in relation to the Fund, investors should consider the appropriateness of this information, having regard to their own objectives, financial situation and needs and read and consider the Information Memorandum for the Fund dated 27 November 2009. Applications to invest in the Fund must be made on the application form which accompanies the Information Memorandum.

Past performance information given on this page is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. None of Grant Samuel Fund Services Limited, its related bodies or associates nor any other person guarantees the repayment of capital or the performance of the Fund or any particular returns from the Fund.

Unit Prices & Distribution

Unit Prices

The most recently available actual entry/exit prices are set out here. If unit prices are not available for today then the latest available prices will be displayed. Unit prices are usually calculated each business day and are not available for weekends and public holidays. The entry and exit prices you will receive if you were to apply for or redeem units in the Grant Samuel Epoch Global Choice Fund (the Fund) may differ from that shown above because the actual price will be calculated by reference to a different date. Your actual entry/exit price will be confirmed following any transactions on your units. Unit prices are provided for information purposes only. They are not an offer or recommendation to you to buy or sell units in the Fund, nor a solicitation for deposits or other business, whether directly or indirectly, in Australia or in any other jurisdiction. No promise or warranty is made or given with respect to the performance of the Fund. No promise or warranty is given and no liability is accepted for any inaccuracy, error or omission in this information. The entry/exit prices shown above do not take into account any entry fees or exit fees that may be payable upon entry to or exit from the Funds, and are expressed in Australian dollars.

Past performance information given on this page is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. None of Grant Samuel Fund Services Limited, its related bodies or associates nor any other person guarantees the repayment of capital or the performance of the Funds or any particular returns from the Funds. This information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.

How to Invest

This Fund is open to Australian resident “wholesale clients” (as defined in section 761G of the Corporations Act 2001) and to selected New Zealand resident investors whose principal business is the investment of money, or those that habitually invest money in the course of their business and who are not members of the public for the purpose of the New Zealand Securities Act 1978 (Eligible Investors).

The minimum investment for Units in the Grant Samuel Epoch Global Choice Fund is A$500,000.

An Information Memorandum is available on request from Grant Samuel Funds Management on +61 2 9324 4356.

Contact details

For information about the Grant Samuel Epoch Global Choice Fund please contact: