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Disclaimer

General

CIP Asset Management (CIPAM) is a member of the Challenger Limited group of companies (Challenger Group). Challenger Limited ABN 85 106 842 371 is listed on the Australian securities exchange.

The information presented in relation to CIPAM is provided by Challenger Investment Partners Limited ABN 29 092 382 842, AFSL 234678. CIPAM is the investment manager of the CIPAM Credit Income Fund ARSN 620 882 055 and the CIPAM Multi-Sector Private Lending Fund ARSN 620 882 019 (the Funds). Fidante Partners Limited ABN 94 002 835 592, AFSL 234668 (Fidante) is the responsible entity and issuer of interests in the Funds. Fidante and CIPAM are members of the Challenger Limited group of companies (Challenger Group). Information is intended to be general only and not financial product advice and has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of it having regard to your objectives, financial situation and needs. Target Market Determination (if relevant) and Product Disclosure Statement (PDS) available at www.fidante.com.au should be considered before making a decision about whether to buy or hold units in the Funds. Past performance is not a reliable indicator of future performance.

Fidante and CIPAM are not authorised deposit-taking institutions for the purpose of the  Banking Act 1959(Cth), and their obligations do not represent deposits or liabilities of an ADI in the Challenger Group (Challenger ADI) and no Challenger ADI provides a guarantee, stands behind or otherwise provides assurance in respect of the obligations of Fidante or CIPAM. Investments in the Funds are subject to investment risk, including possible delays in repayment and loss of income or principal invested. Accordingly, the performance, the repayment of capital or any particular rate of return on your investments are not guaranteed by any member of the Challenger Group.

We have taken reasonable care to ensure that any facts stated are accurate and any opinions given are on a reasonable basis, however you should form your own views on these facts or opinions. In preparing this information, we have in part relied on publicly available information and third-party sources believed to be reliable, however, unless otherwise stated, the information we provide has not necessarily been independently verified or audited.

Regional Disclaimers

European Union

UK Regulatory Disclosure

Quality of Execution: MiFID II Regulatory Technology Standard 28, Article 65(6) requires investment firms to publish a summary of their monitoring of the quality of execution obtained on the execution venues where they executed all client orders in the previous year. This is provided below.

MiFID II Best Execution

Neither Challenger Management Services (UK) Limited (“CMS UK”), its affiliates nor any of their Data Providers make any warranties, express or implied, as to results to be attained from the use of this data, and/or condition of quality, accuracy and completeness, timeliness, title, non-infringement, merchantability or fitness for a particular purpose or use. You acknowledge that you have not relied upon any such warranty, guaranty or representation. This data is confidential and shall not be distributed to any third party. “Data Providers” means those persons who contributed, developed, compiled, prepared, revised, selected and arranged the data contained herein. The data displayed is for limited internal use only and shall not be copied, redistributed, transferred, or used in connection with the provision of services to third parties without the appropriate license from CMS UK or its Data Providers.

Challenger Management Services (UK) Limited – UK Stewardship Code Disclosure

FCA Conduct of Business Rule 2.2.3R requires FCA authorised firms to either disclose their compliance or explain their non-compliance with the principles set out in the UK Financial Reporting Council’s Stewardship Code (the “Code”). Challenger Management Services (UK) Limited (“CMS UK” or “the Firm”) is authorised and regulated by the FCA in the United Kingdom and therefore subject to the Code.

CMS UK manages assets across investment strategies that only involve debt instruments, it does not take an activist shareholder approach. The nature of its investment strategy does not allow it to formally engage with investee companies through voting rights. Accordingly, whilst the Firm supports the Code as a mechanism to promote best practice in the institutional shareholder conduct of UK listed companies, the Firm does not consider the Code or its principles to be appropriate for the funds’ investment strategies.

If in future its investment strategy changes in a way that means the Code does become relevant, the firm will amend this disclosure as appropriate.

We have prepared a detailed pillar 3 and remuneration code disclosure to meet our obligations which can be found here.

Prudential Standard APS 222 Disclosure

CMS UK is a member of the Challenger Limited group of companies (Challenger Group). CMS UK is not an authorised deposit-taking institution (ADI) for the purpose of the Banking Act 1959 (Cth), and its obligations do not represent deposits or liabilities of an ADI in the Challenger Group (Challenger ADI) and no Challenger ADI provides a guarantee or otherwise provides assurance in respect of the obligations of CMS UK. Investments are subject to investment risk, including possible delays in repayment and loss of income or principal invested. Accordingly, the performance, the repayment of capital or any particular rate of return on your investments are not guaranteed by any member of the Challenger Group.

Challenger websites

The Challenger public site, CIP Asset Management (CIPAM) public site and the Challenger Investor login site are collectively referred to as the ‘Challenger Websites’. Challenger Limited and its subsidiaries are collectively referred to as ‘Challenger’ unless the context requires otherwise.

Withdrawal of products

Any financial product issued by a Challenger Group company and listed on Challenger Websites may be withdrawn or varied at any time and without notice.  Further, the information on the Challenger Websites relating to any withdrawn financial product may also be withdrawn or varied without notice.

Forward looking statements

The material on the Challenger Websites may contain forward looking statements which are not based solely on historical facts but are based on current expectations about future events and results.  Words such as ‘anticipate’, ‘believe’, ‘expect’, ‘project’, ‘forecast’, ‘estimate’, ‘outlook’, ‘likely’, ‘intend’, ‘should’, ‘could’, ‘may’, ‘target’, ‘plan’, ‘will’ and other similar expressions typically identify forward looking statements. Such forward looking statements are based on views held only at the date of publication of the material and are not guarantees of future performance or events.  These forward looking statements are subject to inherent risks, uncertainties and other factors, many of which are beyond the control of the company or person making the statements.  Accordingly, actual results may differ materially from those expressed or implied in such statements.

Challenger does not undertake to update any forward looking statements to reflect events or new information following the publication of forward looking statements on the Challenger Website.  Challenger gives no representation or warranty (express or implied) as to the completeness or reliability of any forward looking statements.

Hypotheticals, illustrations and examples

Hypotheticals, illustrations and examples on the Challenger Websites are provided for illustrative purposes only.  They should not be relied on by investors when they make investment decisions.

Past performance

Past performance information is not a reliable indicator of future performance of that company or product.
Any reference to past performance on the Challenger Websites is intended to be for general illustrative purposes only.

Zenith rating disclaimer

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (CIPAM Credit Income Fund – Class A, assigned 31 May 2022) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines

Lonsec rating disclaimer

The rating issued for CIPAM Credit Income Fund – Class A, 09/2021 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2021 Lonsec. All rights reserved.

Social media disclaimer

The information contained on Challenger’s LinkedIn page is provided by Challenger Life Company Limited ABN 44 072 486 938, AFSL 234670, Challenger Investment Partners Limited ABN 29 092 382 842, AFSL 234678, Challenger Retirement and Investment Services Limited ABN 80 115 534 453, AFSL 295642, Fidante Partners Limited ABN 94 002 835 592 AFSL 234668 and Fidante Partners Services Limited ABN 44 119 605 373 AFSL 320505 (together Challenger entities).

The posts and comments made by other persons on this page do not necessarily reflect the opinions of any Challenger entity. We do not confirm their accuracy and are not responsible for them. We reserve the right to remove any posts that are offensive, defamatory, fraudulent, abusive, hateful, unlawful, vulgar or use bad language. We reserve the right to block anyone who acts contrary to these standards.

For further information, please contact us.