Funds
IOOF Income Trust
(Known as United High Yield Fund prior to 31/12/10)Investment Objective
To provide investors with an attractive income yield and potential for capital growth over rolling three-year periods.
Investment Strategy
To actively manage the portfolio and invest primarily in a diversified portfolio of investment grade and non-investment grade, high-yielding fixed interest and hybrid debt/equity investments. These include, but are not limited to, money market securities, bonds, commercial paper, loans, convertible shares/notes, mortgage and asset-backed securities, floating rate notes, reset securities, hybrid debt/equity securities and various derivatives to assist in managing credit, currency, equity, interest rate or yield curve risk, etc. The Fund may also invest in international high yield securities in order to gain an exposure to securities available outside the domestic market.
Fund Features
| Inception date | 4 September 2003 |
|---|---|
| APIR code | PIM0003AU |
| Distribution frequency | Quarterly |
| Investment minimum | $100,000 |
| Minimum withdrawal | No minimum |
| Volatility / risk | Medium |
| Management cost 1 | 0.56% |
| Regular Investment Plan | Not available in this product |
| Buy / sell spread | 0.50% |
| Products available through | The Portfolio Service, BT Wrap, Spectrum Super, Macqurie Wrap and Austchoice Super |
Performance
| As at | 3 mths % p.a. | 1 yr % p.a. | 2 yrs % p.a. | 3 yrs % p.a. | 4 yrs % p.a. | 5 yrs % p.a. | S.I. % p.a. | |
|---|---|---|---|---|---|---|---|---|
| IOOF Income Trust | 30/09/11 | n/a | 7.4 | 8.4 | 8.2 | 4.3 | 5.2 | 6.2 |
Performance figures reflect Total Returns and are based on month-end exit prices. They assume that all distributions are reinvested and are net of management costs and gross of tax. Please note the Terms and Conditions below in relation to reported performance. Past performance is not a reliable indicator of future performance.
Associated Files
1 The management cost listed above is effective 30 September 2011 (the issue date of the RPDS). This fee currently includes the investment management fee and expense recoveries (excluding any unusual or non-recurrent expenses). Fees paid to underlying investment managers are currently paid out of the investment mangement fees and are not an additional charge to investors. Please refer to the RPDS for full details on fees and costs.
Some underlying investment managers may charge performance fees from time to time. It is not possible to determine the actual performance fees that may apply for reasons detailed on page 23 of the MultiMix PDS. Estimated Performance Fees and Total Management Costs (including estimated performance fees) are provided on page 22 of the MultiMix PDS for indicative purposes only and are subject to change without prior notice.
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