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
Long term investment timeframe,
Medium to High risk/return profile and requires access to capital
Monthly or less often.
Details
Consumer's investment objective
Capital Growth
In target market
Capital Preservation
Not 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 quarterly.
• A total annualised return excess of the ASX 200 Index over rolling 3 year periods.
• Access to a diversified portfolio of predominantly equity based investments.
• Volatility of returns which is significantly less than the ASX 200 Index, over rolling 3 year periods.
The Fund seeks to achieve its objective by investing predominantly in ASX Listed Investment Companies (LICs). The Fund and may also invest in cash and derivatives such as exchange traded index options for hedging purposes.
Consumer's intended product use
Solution/Standalone - a large allocation (75-100% of portfolio)
Not in target market
Core Component - a medium allocation (25-75% of portfolio)
Potentially in target market
Satellite - a small allocation (<25% of portfolio)
In target market
More Information:
Fund investments are likely to be diversified by underlying LIC, manager, investment style and geography. However, the majority of investments are likely to be exposed to equity markets in Australia and globally. Thus, the Fund will have significant exposure to a single asset class.
The Fund has Medium portfolio diversification and is most likely be suitable for consumers seeking a Satellite/Small allocation. The Fund may also be suitable as a Core Component, particularly where the consumer is comfortable to have a large proportion of their portfolio devoted to growth assets.
Consumer's investment timeframe
Short (<= 2 years)
Not in target market
Medium (>2 years)
Potentially 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. Because Fund returns can be volatile over short periods or when markets are falling, the suggested timeframe for holding an investment in the Fund is at least 3 and preferably 5 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
Potentially 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 in excess of the ASX 200 Index over rolling 3 year periods. The Fund targets volatility of returns less than that of the ASX200 Index, over rolling 3 year periods.
The Fund has a risk band of 5‐6 (Medium to High).
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 last business 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.
