A Product Disclosure Statement (PDS) is required under Chapter 7 of the Corporations Act 2001 for any financial product offered to retail investors. The PDS sets out the product's features, fees, risks, and significant terms so an investor can make an informed decision.
A typical PDS for a managed investment scheme includes: the issuer's identity and AFSL details, the investment strategy and asset classes, fee structure (including performance fees), risk disclosures, distribution policy, redemption mechanics, and the fund's structural details (trustee, custodian, auditor).
Wholesale-only funds don't issue a PDS, they issue an Information Memorandum (IM) instead. The PDS regime exists to protect retail investors with mandatory disclosures; wholesale investors are presumed sophisticated enough to evaluate offerings without the same mandatory protections.
Archer Wealth's Investment Fund is currently wholesale-only and offered via Information Memorandum, not a PDS. A future retail offering would require a PDS lodged with ASIC.
Past performance is not indicative of future returns. Investment risks apply, read the disclosure document before investing.