ETF Securities funds to enter into the AMIT Regime

Apr 03, 2018

ETFS Management (AUS) Limited (ETFS) wishes to inform investors that on 6 March 2018 it resolved for a number of its funds (as listed below), where eligible, to enter into the new ‘Attribution Managed Investment Trust’ regime (AMIT Regime). The AMIT Regime was enacted by the Tax Laws Amendment (A New Tax System for Managed Investment Trusts) Act 2016.

The Board of ETFS has resolved that entry into the AMIT Regime is in the best interest of unitholders (for funds that are eligible). ETFS will continue to distribute income and components to unitholders using the same overriding principles, but with the additional flexibility and certainty that the AMIT Regime provides.

The election has been made in respect of the following funds:

  • ETFS S&P/ASX 100 ETF (ARSN: 605 618 577 / ASX Code ZOZI)

  • ETFS S&P/ASX 300 High Yield Plus ETF (ARSN: 605 617 963 / ASX Code ZYAU)

  • ETFS S&P 500 High Yield Low Volatility ETF (ARSN: 605 617 687 / ASX Code ZYUS)

  • ETFS EURO STOXX 50® ETF (ARSN: 612 529 576 / ASX Code: ESTX)

  • ETFS Morningstar Global Technology ETF (ARSN: 616 755 652 / ASX Code: TECH)

  • ETFS Global Core Infrastructre ETF (ARSN: 616 755 741 / ASX Code: CORE)

  • ETFS ROBO Global Robotics and Automation ETF (ARSN: 616 755 803 / ASX Code: ROBO)

  • ETFS Physical US Dollar ETF (ARSN: 605 617 829 / ASX Code: ZUSD)

  • ETFS Physical Renminbi ETF (ARSN: 605 617 490 / ASX Code: ZCNH)

Note that ETFS Physical Renminbi ETF (ARSN: 605 617 490 / ASX Code: ZCNH) is currently not eligible for the AMIT Regime as it has an insufficient number of unitholders.

Note also that it is intended that ETFS Physical Singapore Gold ETF (ASX Code: ZGOL) a class of Metal Interests of the ETFS Physical Precious Metals Scheme (ARSN: 604 223 967) will not elect into the AMIT Regime on the basis that it does not expect to distribute income.

In order to facilitate compliance with the AMIT Regime, ETFS has amended fund documentation as follows:

A supplementary PDS for the following funds has been issued and lodged with ASIC on [insert date] to provide additional information and disclosures in respect of the AMIT Regime and other general tax information:
  • ETFS Physical US Dollar ETF (ARSN: 605 617 829 / ASX Code: ZUSD)

  • ETFS Physical Renminbi ETF (ARSN: 605 617 490 / ASX Code: ZCNH)   2. The constitutions of the following funds have been amended effective 20 March 2018 to facilitate election into the AMIT  Regime:

  • ETFS S&P/ASX 100 ETF (ARSN: / ASX Code ZOZI)

  • ETFS S&P/ASX 300 High Yield Plus ETF (ARSN: / ASX Code ZYAU)

  • ETFS S&P 500 High Yield Low Volatility ETF (ARSN: / ASX Code ZYUS)

  • ETFS Physical US Dollar ETF (ARSN: 605 617 829 / ASX Code: ZUSD)

  • ETFS Physical Renminbi ETF (ARSN: 605 617 490 / ASX Code: ZCNH)