Frequently asked Questions

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What types of managed funds does Lincoln offer?

Australian Growth Fund

Our Lincoln Australian Growth Fund is an actively managed portfolio of high-quality growth-orientated ASX stocks. It may suit investors who are looking for strong capital appreciation over a period of five to ten years or more.

Read more about our Growth fund

Australian Income Fund

The Lincoln Australian Income Fund offers a stable and reliable, high-dividend yield with potential for long-term capital growth. It is ideal for investors on a marginal tax rate who would like to maximise their income stream and take advantage of franking credits.

Read more about our Income fund

U.S. Growth Funds

The Lincoln U.S. Growth Funds are an actively managed, diversified portfolio of U.S. growth stocks. They have been created to help Australian investors spread portfolio risk by diversifying their growth stock holdings outside of the Australian market. There are two funds open for investors – The Lincoln U.S. Growth Fund Hedged and Lincoln U.S. Growth Fund Unhedged.

Read more about our U.S. Growth Funds

What is a Lincoln retail managed fund?

Lincoln’s retail managed funds are designed to cater for individual investors with a lower minimum investment amount, starting from $20,000. They also have the option of regular saving plan options to help boost their future contributions.

What is a Lincoln wholesale managed fund?

Lincoln’s wholesale managed funds are designed to cater for professional investors with significantly higher minimum investment amounts, in excess of $250,000 per fund.

How are the Lincoln Funds structured?

Equity Trustees Limited ABN 46 004 031 298 AFSL 240975 is the Responsible Entity of the Lincoln Indicators managed funds. Equity Trustees has appointed Lincoln Indicators  as the investment manager of the funds –  Lincoln Australian Income Fund, the Lincoln Australian Growth Fund and the Lincoln U.S. Growth Funds.

J.P. Morgan Chase Bank (J.P. Morgan) was appointed as custodian to hold the assets of the Funds and to perform certain administrative functions in relation to the Funds.

 

How do I become an investor?

You must carefully review the Production Disclosure Statement (PDS) and Reference Guide before applying to invest in one of Lincoln Indicators Managed Funds. Once reviewed, you can apply using the Application Form accompanying the PDS or via an online application.

The online application is for new investors only and cannot be used to make additional investments in to an existing Lincoln Fund.

Lincoln Australian Growth Fund

What is the Lincoln Australian Growth Fund?

The Lincoln Australian Growth Fund is designed for investors who seek a diversified portfolio of high-quality growth stocks that has capital appreciation over the long-term as its primary goal.

What is the minimum investment?

The minimum investment in the Growth Fund is $250,000 for Wholesale investors and $20,000 for Retail investors.

Am I locked into my investment?

No, the Growth Fund has no minimum investment timeframe and you will not be penalised if you decide to redeem your funds within a short period of time. But we suggest a minimum of 5-years to allow an adequate timeframe for the Fund to deliver on its long-term objectives.

How often are distributions paid?

Distributions are paid twice a year, with the option to reinvest or receive cash directly in to your nominated bank account.

When did the Growth Fund start?

The Wholesale and Retail Growth Funds started in January 2005 and June 2007 respectively.

Are there any up-front or exit fees?

No, our Growth Fund have no up-front or exit fees. This does not take into account buy-sell spreads, which represent the estimated transaction costs incurred when buying or selling underlying assets in relation to investment options. The difference between the investment option buy prices and the sell prices is the total buy-sell spread for that option.

Can I reinvest my distributions?

Yes, you have the option to reinvest your distributions.

How quickly can I set up my investment?

Provided we receive the completed application forms, any required certified documents, clear money received in the bank account in a timely manner and successfully passing the compliance checks (e.g. the Anti-money Laundering and Counter-Terrorism Financing). It may take up to five business days to process.

What is the management fee for the Fund?

The Growth Fund has a management fee of 0.76% per annum for the Wholesale Fund and 1.40% for the Retail Fund.

How is the performance fee calculated?

The performance fee is 20% of the amount by which the Fund’s performance exceeds the All Ordinaries Accumulation Index. A high-water mark ensures investors do not pay fees until periods of underperformance are fully recouped.

Lincoln Australian Income Fund

What is the Lincoln Australian Income Fund?

The Lincoln Australian Income Fund invests in the share market with the aim to deliver an above benchmark yield including franking credits, whilst also providing the opportunity of some capital growth over the medium to long-term. It is designed for those seeking a regular income stream from their investments from a base of high-quality stocks.

What is the minimum investment?

The minimum investment in the Income Fund is $250,000 for Wholesale investors and $20,000 for Retail investors.

Am I locked into my investment?

No, the Income Fund has no minimum investment timeframe and you will not be penalised if you decide to redeem your funds within a short period of time. But we suggest a minimum of 5-years to allow an adequate timeframe for the Fund to deliver on its long-term objectives.

How often are distributions paid?

Distributions are paid quarterly, with the option to reinvest or receive cash directly in to your nominated bank account.

When did the Income Fund start?

The Income Fund was established on 2 April 2012.

Are there any up-front or exit fees?

No, our Income Fund have no up-front or exit fees. This does not take into account buy-sell spreads, which represent the estimated transaction costs incurred when buying or selling underlying assets in relation to investment options. The difference between the investment option buy prices and the sell prices is the total buy-sell spread for that option.

Can I reinvest my distributions?

Yes, you have the option to reinvest your distributions.

How quickly can I set up my investment?

Provided we receive a completed application form with the required identification documentations, cleared monies received in the application bank account and successfully passing the compliance checks (e.g. the Anti-Money Laundering and Counter-Terrorism Financing). It may take up to five business days to process the application request.

What is the ongoing management fee for the Fund?

The Income Fund has an ongoing management fee of 0.95% per annum for the Wholesale Fund and 1.75% for the Retail Fund.

Is there a performance fee?

No, the Income Fund has no performance fee.

What is a buy/sell spread?

The buy and sell spread is the difference between the net asset backed value of the units and the price to which you can purchase or sell those units. Similar to brokerage costs, when you transact in financial assets there are facilitation costs incurred. The buy/sell spread are implemented to recoup facilitation costs, so as not to disadvantage existing unitholders. It is important to note that the buy/sell spread is not a ‘fee’ and the spread itself is retained within the unit trust, it does not benefit the fund manager or any of the other service providers.

The purpose of the buy and sell spread is to ensure that investors entering or leaving a fund bear the costs of the transaction. For example, if you invest $100,000 into a fund, the fund manager will incur transaction costs which include brokerage, bid-ask spreads, settlement and clearing costs. Likewise, if you withdraw from a fund, the manager will incur transaction costs if he/she need to sell assets to provide the cash for withdrawal.

You are likely to pay a buy spread whenever you either make an investment or withdrawal from the fund. However, there are some exceptions. For example, when distributions are reinvested into more units, a buy spread is not usually payable. This is because no money enters or leaves the fund, so no assets are required to be bought or sold.

If you are a long-term holder of a fund, then a buy sell spread will make less difference to your overall returns.

Lincoln U.S. Growth Funds

What is the minimum investment?

The minimum initial investment amount for both the Lincoln U.S. Growth Fund and Lincoln U.S. Growth Fund Hedged is $100,000.

 

How often are distributions paid?

Distributions are paid annually, with the option to reinvest or receive cash directly in to your nominated bank account.

How is the performance fee calculated?

Lincoln U.S. Growth Fund Hedged: The performance fee is 20% p.a. of outperformance of the S&P 500 Accumulation Index (USD).

Lincoln U.S. Growth Fund: The performance fee is 20% p.a. of outperformance of the S&P 500 Accumulation Index converted to Australian Dollars.

Am I locked into my investment?

No, the Lincoln U.S. Growth Fund has no minimum investment timeframe and you will not be penalised if you decide to redeem your funds within a short period of time. But we suggest a minimum of 5 years to allow an adequate timeframe for the Fund to deliver on its long-term objectives.

What are the management fees for the Funds?

The U.S. Funds have a management fee of 1.00% per annum of the Net Asset Value of their respective Funds.

What is the difference between the Hedged and Unhedged Fund?

If you invest in the Unhedged fund, you are exposed to fluctuations in the Australian dollar. This can be a good thing if our dollar falls relative to the US dollar. For example, if you were invested in the Lincoln U.S. Growth Fund Unhedged and the value of the Australian dollar decreased relative to the US dollar, then the value of your portfolio would increase. Of course it can also work the other way around.

If you invest in the Hedged fund, we use strategies to offset the impact of currency fluctuations. This means if you invest in the Lincoln U.S. Growth Fund Hedged you are protected from the adverse impact of a rising Australian dollar. But equally, you don’t get to benefit from situations where the Australian dollar is falling.

If you have a strong view on where the Australian dollar is heading, you could favour one approach over the other.

Stock Doctor

What is Stock Doctor?

Stock Doctor is an all-encompassing share market membership. Through its online platform it delivers all the portfolio management, construction and optimisation tools to allow you to manage your investments like a true professional. Further, our education and unrivalled member support services ensures you are best placed to maximise your investing.

Do you cover every business on the Australian Stock Exchange (ASX)?

Yes. We analyse every company on the ASX using our proprietary quantitative methodology.  Only about 5% of stocks on the ASX meet our investment criteria. Our team of analysts then apply a final set of qualitative overlays to complete the assessment before recommending a company as either a Star Growth or Income Stock. We provide comprehensive analysis and regular updates on these companies.

Can I use Stock Doctor to help me construct and manage a share portfolio?

Absolutely. Stock Doctor includes a Portfolio Director feature that includes:

Portfolio Manager
Keeping you in total control with tax-aware, advanced performance reporting.

Portfolio Constructor
A tool which allows you to construct a portfolio based on your investment profile and objective.

Portfolio Optimiser
A tool that will help you manage your portfolio and keep you aligned to your investment objectives.

Does Stock Doctor generate tax reports?

Yes. Our Portfolio Manager provides tax reports, as well as performance reporting, saving you both time and fees.

Do you provide stock recommendations?

Yes. Our proprietary quantitative methodology analyses the financial health statements of every company on the ASX typically within 24 hours of results being released. This information helps us to quickly determine which businesses are healthy and worth investing in and which should be avoided. Only about 5% of stocks on the ASX meet our investment criteria. Our team of analysts then apply a final set of qualitative overlays to complete the assessment before recommending a company as either a Star Growth or Income Stock.

What support and education do you offer?

We have a commitment to comprehensive coaching and education. Our inhouse support team are available during standard Eastern time business hours via phone or in person meetings. You are also supported with a range of online education resources.

Can I see the performance of my portfolio against a benchmark?

Yes, this can be viewed in the Portfolio Manager.

Do you have international stock coverage?

Presently we do not. You may consider our US Growth Managed Fund.

Can I claim my Stock Doctor membership as a tax deduction?

You may be able to. You should refer this question to your tax accountant.

Are share prices in the Stock Doctor platform live or delayed?

We provide intraday data, which is 20 minutes delayed behind the ASX market.

Can I add other asset classes to my portfolio to track their performance?

Yes you can. The ‘Other Assets’ section of the Portfolio Manager allows you to add assets that are not ASX listed securities such as funds, property, hybrids, cash accounts. It also allows you to track the performance of your other investments compared to various ASX indices.

Does Stock Doctor allow me to perform technical analysis?

Yes. Stock Doctor has an advanced charting tool that is linked to both your Portfolio Manager and Watchlists. Perfect for those wanting to combine technical analysis with fundamental analysis. The tool allows you to use over 100 pre-set technical studies including MACD and Stochastics and 33 advanced drawing tools such as Gann fans and Fibonacci levels. With extensive end of day data on all ASX listed stocks, indices, commodities and currencies, you can easily analyse individual stock and market trends.

How can I scan the market for hidden gems?

Stock Doctor includes a powerful stock filter system that allows you to scour the market to find potential opportunities that suit your own personal needs.

Can I access Stock Doctor on my mobile device?

Yes. Stock Doctor is a web-based platform that is optimised to work on both mobile phones and tablets.

Who is best suited to use Stock Doctor?

Stock Doctor is designed to help the conscientious DIY investor who wants to take control of their investing outcomes, leveraging off our methodology that has delivered strong long-term returns as exemplified by our Star Stock performance.

Can Stock Doctor work with self-managed super funds (SMSF)?

Stock Doctor is the ideal investment tool for trustees of SMSFs because it gives you the facts you need to make informed investment decisions for your long term future. It allows you to control and manage your share portfolio by putting at your fingertips all the tools you need to proactively research, construct, and optimise that portfolio while helping you steer clear of unhealthy stocks that are more likely to fail. Depending on your circumstances, an SMSF can claim the cost of a service like Stock Doctor within the fund. Please seek appropriate advice to see if this applies to your SMSF.

Copyright © 2020 Lincoln Indicators Pty Ltd. All rights reserved.

All financial services are provided by Lincoln Indicators Pty Ltd ABN 23 006 715 573 (Lincoln) as the Corporate Authorised Representative of Lincoln Financial Group Pty Ltd ABN 70 609 751 966, AFSL 483167.