Funds
IOOF Cash Management Trust
Investment Objective
To provide investors with a stable investment, regular income, ready access to their funds and competitive returns by investing in cash deposits and short-term money market securities. The Trust aims to provide investors with a total investment return (before fees and taxes) that is at least equal to the UBS Bank Bill Index.
Investment Strategy
The Trust mainly invests in high quality short-term money market and bank based securities, to achieve a very stable income stream and attempts to forecast the short-term direction of the interest rate cycle. The Trust does not purchase securities that give rise to material currency risk and therefore no currency hedging is undertaken.
Fund Features
| Inception date | 15 September 2003 |
|---|---|
| APIR code | PIM0002AU |
| Distribution frequency | Monthly |
| Investment minimum | $100,000 |
| Minimum withdrawal | No minimum |
| Volatility / risk | Very low |
| Management cost 1 | 0.30% |
| Regular Investment Plan | Not available in this product |
| Buy / sell spread | Nil |
| Products available through | Pursuit, IOOF Portfolio Service, LifeTrack, Spectrum Super and Austchoice Super. |
Performance
| As at | Yield (% p.a) * | |||||||
|---|---|---|---|---|---|---|---|---|
| IOOF Cash Management Trust | 16/05/12 | 4.46 | ||||||
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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