Income from the Third Link Growth Fund is generally distributed to investors every six months, at the end of December and June, with the payment for December expected to be made within the first three weeks of January and the payment for June expected in mid September.

Your distribution amount is calculated by dividing the total amount of the distribution by the total number of units on issue at the distribution date, and multiplying the result by the number of units held by you on that date.

The amount per unit distributed from the Fund since its inception are listed below:

DateIncome Distribution Per Unit 1
31 December 2023$0.0600
30 June 2023$0.0411
31 December 2022$0.0200
30 June 2022$0.0792
31 December 2021$0.0112
30 June 2021$0.0461
31 December 2020$0.0059
30 June 2020$0.0378
31 December 2019$0.0300
30 June 2019$0.0440
31 December 2018$0.0300
30 June 2018$0.0615
31 December 2017$0.0300
30 June 2017$0.0570
31 December 2016$0.0200
30 June 2016$0.0579
31 December 2015$0.0200
30 June 2015$0.0854
31 December 2014$0.0200
30 June 2014$0.0791
31 December 2013$0.0200
30 June 2013$0.0675
31 December 2012$0.0150
30 June 2012$0.0205
31 December 2011$0.0150
30 June 2011$0.0329
31 December 2010$0.0150
30 June 2010$0.0149
31 December 2009$0.0150
30 June 2009$0.0196
31 December 2008$0.0150
30 June 2008$0.0062

Immediately after a distribution is declared, the unit price of the Fund will fall by the amount of the distribution. This is because the distribution reduces the Fund’s assets. Distributions are not pro-rated for investors who were not unitholders for the whole period, meaning that you may receive some of your investment back immediately as income if you invest just before a distribution. Conversely, if you withdraw from the Fund just before a distribution, you might in effect turn income into a capital gain.

You may elect to have your distributions from the Fund treated in either of two ways:

  • Reinvested in further units in the Fund; or
  • Paid to you by direct credit to your nominated Australian bank account.

You make the choice on the application form but if no election is made your distribution will be reinvested in further units in the Fund.  Any change to distribution instructions should be advised to Fundhost at least 10 business days before the end of the relevant distribution period.

The distribution you receive (whether reinvested in further units or credited to your bank account) will comprise various types of income depending on the type of investments the Fund holds. The components of the distribution for the last 5 financial years have been as follows (per $100 of distribution):

Year ended 30 June 2023Year ended 30 June 2022Year ended 30 June 2021Year ended 30 June 2020Year ended 30 June 2019Year ended 30 June 2018Year ended 30 June 2017Year ended 30 June 2016Year ended 30 June 2015Year ended 30 June 2014Year ended 30 June 2013
Franked Dividends$2.89$4.58$5.22$10.80$11.99$11.35$15.36$14.64$11.17$11.76$12.73
Unfranked Dividends$3.25$6.61$1.79$3.69$2.18$3.14$4.27$4.49$2.83$2.21$1.60
Interest$0.85$0.05$0.55$ 2.17$3.79$2.99$3.63$3.38$2.17$2.58$2.69
Other Australian Income$3.31$11.02$22.54$25.15$20.99$13.07$10.91$11.61$13.48$16.97$20.37
Foreign Sourced Income$0.16$0.18$0.84$1.9$1.58$2.20$4.02$3.03$1.51$2.34$0.44
Capital Gains$89.46$75.24$48.60$27.21$43.03$62.54$52.82$61.05$68.00$63.07$51.26
Tax Deferred Amount$0.08$2.32$20.47$29.08$16.45$4.72$8.76$1.80$0.84$1.07$10.87
Tax Free Amount$0.00$0.00$0.00$0.00$0.00$0.00$0.23$0.00$0.00$0.01$0.05
$100.00$100.00$100.00$100.00$100.00$100.00$100.00$100.00$100.00$100.00$100.00
Franking Credits$15.62$10.94$6.09$13.22$9.61$11.35$13.70$13.06$9.61$10.17$12.72
Foreign Tax Credits$0.00$0.28$0.09$0.81$0.55$0.66$1.00$0.85$0.55$0.22$0.30

The split of the yearly returns from the Fund between income and growth (both realised and unrealised) has been as follows:

Year ended 30 June 2023Year ended 30 June 2022Year ended 30 June 2021Year ended 30 June 2020Year ended 30 June 2019Year ended 30 June 2018Year ended 30 June 2017Year ended 30 June 2016Year ended 30 June 2015Year ended 30 June 2014Year ended 30 June 2013
Income4.2%4.9%3.7%4.6%4.9%6.7%5.8%6.3%8.7%8.9%8.6%
Growth4.6%-21.6%32.1%-4.4%-1.0%9.1%3.0%7.9%1.8%9.5%15.7%
Total8.8%-16.7%35.8%0.2%4.0%15.7%8.7%14.2%10.5%18.4%24.3%

The ‘Income’ component has been calculated by dividing the total distributions paid by the Fund in respect of the particular financial year (including realised capital gains distributed) by the opening unit price at the start of that year.

Search Third Link