Summary
This product is likely to be appropriate for a consumer seeking
Capital Growth and Income Distributions to be used as a
Core or Satellite component within a portfolio where the consumer has a
Medium or longer investment timeframe, at least a
Medium risk/return profile and requires access to capital
Monthly or less often.
Details
Consumer's investment objective
Capital Growth
In target market
Capital Preservation
Potentially in target market
Capital Guaranteed
Not in target market
Income Distribution
In target market
More Information:
The Fund aims to provide investors with:
• A minimum distribution yield of 5% per annum, paid monthly.
• A total annualised return of at least inflation plus 5% over rolling 3 year periods.
• Access to a diversified portfolio of underlying investments.
• Volatility of returns less than half that of the ASX200 Index, over rolling 3 year periods.
The Fund seeks to achieve its objective by investing predominantly in unlisted managed funds. The portfolio includes an allocation to listed investment companies through the Affluence LIC Fund and may also invest in other listed or unlisted investments and cash.
Consumer's intended product use
Solution/Standalone - a large allocation (75-100% of portfolio)
Potentially in target market
Core Component - a medium allocation (25-75% of portfolio)
In target market
Satellite - a small allocation (<25% of portfolio)
In target market
More Information:
The Issuer seeks to achieve the Fund investment objective by offering exposure to 20 ‐ 35 investments which are highly diversified across all asset classes, predominantly through unlisted managed funds, but also
through other investments such as listed or unlisted investments and cash. The Fund may also invest in derivatives to provide exposure to certain asset classes from time to time and for hedging purposes. The Fund has High portfolio diversification.
Consumer's investment timeframe
Short (<= 2 years)
Not in target market
Medium (>2 years)
In target market
Long (>8 years)
In target market
More Information:
The Fund is managed to maximise total returns and minimise volatility over rolling 3‐year periods. The minimum suggested timeframe for holding an investment in the Fund is 3 years.
Consumer's Risk (ability to bear loss) and Return Profile
Low - can tolerate up to 1 period of underperformance over 20 years
Not in target market
Medium - can tolerate up to 4 periods of underperformance over 20 years
In target market
High - can tolerate up to 6 periods of underperformance over 20 years
In target market
Very High - can tolerate over 6 periods of underperformance over 20 years
In target market
More Information:
The Fund targets total annualised returns of at least inflation + 5% over rolling 3 year periods. The Fund targets volatility of returns less than half that of the ASX200 Index, over rolling 3 year periods.
The Fund has a risk band of 4 (Medium).
The value of an investment in the Fund will fluctuate and can reduce, particularly over shorter periods and when investment markets suffer losses. There is also potential for the reduction or cessation of distributions.
Distributions are not guaranteed, nor is the return of investor capital.
Consumer's need to withdraw money
Daily
Not in target market
Weekly
Not in target market
Quarterly
In target market
Annually or longer
In target market
More Information:
The Issuer endeavours to process withdrawals monthly. The withdrawal cut‐off time is 4.00pm (Sydney time) on the 25th day of each month. Withdrawal requests received prior to the withdrawal cut‐off time will usually be paid approximately 10 days after the end of the month.
In extreme cases, withdrawals may be limited or suspended. The Issuer provides no secondary market or otherwise facilitates the sale of units.
