Register For Our Mailing List

Register to receive our free weekly newsletter including editorials.

Home / 249

Third Link Growth Fund’s 10th anniversary

It’s a personal thrill that Third Link Growth Fund has just passed its 10th anniversary. The Fund opened for investment on 10 April 2008, in hindsight a difficult time to launch with the global financial crisis around the corner.

With the passing of these 10 years, it’s a good time to pause, reflect and celebrate the achievements of the Fund. These include:

  • The Fund has grown to $163 million at the end of March 2018, a significant achievement given there has been no sales force selling the product. It relies on word-of-mouth, the innovative charitable angle whereby all fees are donated to charity (a structure since copied successfully as well), a good performance track record and some favourable press.

  • Over the 10 years since inception, the Fund has achieved a compound annual return of 9.6% after fees. During this same time period the bank bill rate has yielded 3.4% per annum.

  • From February 2012, the Fund altered its objective from a multi-sector growth fund (invested in a combination of Australian shares, international shares, property and fixed interest) to one that invested only in Australian shares. Since that time, the Fund has achieved a compound annual return of 13.6% after fees compared with the S&P/ASX300 Accumulation Index increasing by 9.8% per annum. The Fund outperformed this benchmark by 3.8% per annum.

  • Zenith Investment Partners, an independent research group, currently has a ‘Recommended’ rating on the Fund. Furthermore, the Australian financial data provider, FE, and Money Management have recently launched the FE Crown Fund ratings in Australia (a quantitative measure of performance, consistency and volatility) and Third Link Growth Fund has received the maximum score of 5 crowns. The Fund sits within the top 10% of its peer group.

  • Since inception, over $7,500,000 has been donated to charities (all listed on the Fund’s web site, and which include Australian Indigenous Mentoring Experience (AIME), National Centre for Childhood Grief, The Song Room, batyr, Foundation for Rural and Regional Renewal, Dismantle, SHINE for Kids, BackTrack, Mirabel Foundation, Raise Foundation and Children’s Ground) from the fees received in managing the Fund. Donations are now running at around $175,000 every month!

Of course, none of this could have been achieved without the extraordinary generosity of the underlying investment managers and service providers who all provide their services on a pro bono basis. The investment managers include Aberdeen Asset Management, Bennelong Australian Equity Partners, Colonial First State Global Asset Management, Cooper Investors, Greencape Capital, Harness Asset Management, JBWere Wealth Management, L1 Capital, Lazard Asset Management Pacific Co, Lennox Capital Partners, Montgomery Investment Management, Ophir Asset Management, Paradice Investment Management, and Pengana Capital. And the service providers include Bennelong Funds Management (Responsible Entity), RBC Investor Services Trust (custodian and administrator), Minter Ellison (legal work), Deloitte (auditors of the Fund), Ernst & Young (auditors of the Manager), KPMG (tax advisers to the Fund) and Nexia Australia (tax advisers to the Manager).

Thank you to those who have supported the Third Link Growth Fund and helping make the concept a reality. The Fund closed to new investors in September 2017.

 

Chris Cuffe is the Founder and Portfolio Manager of Third Link Growth Fund. Past performance is not indicative of future performance. This information provided is general and does not constitute personal financial, tax or legal advice.

RELATED ARTICLES

Charitable giving and tax deductions

Reform needed to allow donations from super to charity

Gail Kelly reveals how her family gifts money

banner

Most viewed in recent weeks

Australian house prices close in on world record

Sydney is set to become the world’s most expensive city for housing over the next 12 months, a new report shows. Our other major cities aren’t far behind unless there are major changes to improve housing affordability.

The case for the $3 million super tax

The Government's proposed tax has copped a lot of flack though I think it's a reasonable approach to improve the long-term sustainability of superannuation and the retirement income system. Here’s why.

7 examples of how the new super tax will be calculated

You've no doubt heard about Division 296. These case studies show what people at various levels above the $3 million threshold might need to pay the ATO, with examples ranging from under $500 to more than $35,000.

The revolt against Baby Boomer wealth

The $3m super tax could be put down to the Government needing money and the wealthy being easy targets. It’s deeper than that though and this looks at the factors behind the policy and why more taxes on the wealthy are coming.

Meg on SMSFs: Withdrawing assets ahead of the $3m super tax

The super tax has caused an almighty scuffle, but for SMSFs impacted by the proposed tax, a big question remains: what should they do now? Here are ideas for those wanting to withdraw money from their SMSF.

The super tax and the defined benefits scandal

Australia's superannuation inequities date back to poor decisions made by Parliament two decades ago. If super for the wealthy needs resetting, so too does the defined benefits schemes for our public servants.

Latest Updates

Planning

Will young Australians be better off than their parents?

For much of Australia’s history, each new generation has been better off than the last: better jobs and incomes as well as improved living standards. A new report assesses whether this time may be different.

Superannuation

The rubbery numbers behind super tax concessions

In selling the super tax, Labor has repeated Treasury claims of there being $50 billion in super tax concessions annually, mostly flowing to high-income earners. This figure is vastly overstated.

Investment strategies

A steady road to getting rich

The latest lists of Australia’s wealthiest individuals show that while overall wealth has continued to rise, gains by individuals haven't been uniform. Many might have been better off adopting a simpler investment strategy.

Economy

Would a corporate tax cut boost productivity in Australia?

As inflation eases, the Albanese government is switching its focus to lifting Australia’s sluggish productivity. Can corporate tax cuts reboot growth - or are we chasing a theory that doesn’t quite work here?

Are V-shaped market recoveries becoming more frequent?

April’s sharp rebound may feel familiar, but are V-shaped recoveries really more common in the post-COVID world? A look at market history suggests otherwise and hints that a common bias might be skewing perceptions.

Investment strategies

Asset allocation in a world of riskier developed markets

Old distinctions between developed and emerging market bonds no longer hold true. At a time where true diversification matters more than ever, this has big ramifications for the way that portfolios should be constructed.

Investment strategies

Top 5 investment reads

As the July school holiday break nears, here are some investment classics to put onto your reading list. The books offer lessons in investment strategy, financial disasters, and mergers and acquisitions.

Sponsors

Alliances

© 2025 Morningstar, Inc. All rights reserved.

Disclaimer
The data, research and opinions provided here are for information purposes; are not an offer to buy or sell a security; and are not warranted to be correct, complete or accurate. Morningstar, its affiliates, and third-party content providers are not responsible for any investment decisions, damages or losses resulting from, or related to, the data and analyses or their use. To the extent any content is general advice, it has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Articles are current as at date of publication.
This website contains information and opinions provided by third parties. Inclusion of this information does not necessarily represent Morningstar’s positions, strategies or opinions and should not be considered an endorsement by Morningstar.