Building on the philanthropic vision of the Sohn Hearts & Minds Investment Leaders Conference, HM1 is committed to providing significant financial support to leading Australian medical research organisations.
Instead of charging an investment management fee, HM1 donates an amount equal to 1.5% of the fund's NTA per annum. This will be paid every six months and is calculated as 1.5% of the average monthly Net Tangible Asset Backing per Share (NTA) for the previous half-year. To help maximise our impact, our fund managers and key service providers have committed to waiving their usual fees.
In March 2020, Hearts and Minds distributed $4.1 million in donations to our beneficiaries, a further $5.1 million was distributed in August 2020.