From 5 October 2021, issuers and distributors of financial products must comply with the design and distribution requirements relating to financial products for retail clients, generally described as "Design & Distribution Obligations" or "DDO".
As an issuer and distributor of such products, Charter Hall Direct Property Management Limited will comply with these obligations and in order to do so, have created "Target Market Determinations" or "TMD" for each of the funds that we issue to retail clients.
We are committed to DDO as it is designed to assist consumers to obtain appropriate financial products and will result in improved outcomes for consumers.
At the centre of our DDO framework are Target Market Determinations (TMDs). They ensure that our funds are designed with the investor in mind and provide a framework to regularly review this over time.
Below are links to the TMDs for each of the funds issued by Charter Hall Direct Management Limited, to which DDO applies:
Please note, Charter Hall Maxim Property Securities Fund (Maxim) is issued by One Managed Investment Funds Limited. Please see the issuer website for details of the TMD for Maxim. For further information on Maxim or to view the PDS, visit the Maxim webpage.
As a distributor of our funds, financial advisers have an important role in the DDO process. Please see below information to assist you to fulfil your obligations:
Please contact our distribution team for any questions in relation to our funds and DDO:
Replacing documentation from Charter Hall
Our documentation has been updated to reflect DDO. From 5 October 2021, any fund documents you have from us should be destroyed or replaced. You should also update any links you have to digital versions of our documents. This includes (but is not limited to) product application forms, PDSs, and supplemental PDSs.