Income Fund
Income Fund
Overview
DESCRIPTIVE OBJECTIVE
To generate an income stream consistent with prevailing short-term interest rates while minimising the risk of capital loss and meeting our Ethical Criteria.
The Fund aims to exceed the return of the Bloomberg AusBond Bank Bill after taking into account management costs over a 1 year period.
Fund facts
| Overview | |
|---|---|
|
$9.61m
|
Money Market
|
|
Bloomberg AusBond Bank Bill Index
|
30/06/2015
|
|
1 year
|
Very low
|
|
AU60AUG00242
|
AUG0024AU
|
| Fees and costs | |
|---|---|
|
$25,000
|
0.20% p.a.
|
|
0.00%
|
0.00% / 0.00%
|
| Distribution | |
|---|---|
|
Up to twice per year
|
30 June & 31 December
|
A full explanation of all the Fund features including fees and costs that you may be charged for investing in the Fund is provided in the Fund’s Product Disclosure Statement (Retail PDS, Wholesale PDS) and the fee information page. For further information about the Fund and how we assess investments using our Ethical Criteria, please read the Additional Information Booklet and the Ethical Guide.
1. The current benchmark may not have been the benchmark over all periods shown.
| Overview | |
|---|---|
|
$1.58m
|
Money Market
|
|
Bloomberg AusBond Bank Bill Index
|
26/11/1997
|
|
1 year
|
Very low
|
|
AU60AUG00036
|
AUG0003AU
|
| Fees and costs | |
|---|---|
|
$1,000 or $500 with a Regular investor plan
|
0.20% p.a.
|
|
0.00%
|
0.00% / 0.00%
|
| Distribution | |
|---|---|
|
Up to twice per year
|
30 June & 31 December
|
A full explanation of all the Fund features including fees and costs that you may be charged for investing in the Fund is provided in the Fund’s Product Disclosure Statement (Retail PDS, Wholesale PDS) and the fee information page. For further information about the Fund and how we assess investments using our Ethical Criteria, please read the Additional Information Booklet and the Ethical Guide.
1. The current benchmark may not have been the benchmark over all periods shown.
Portfolio
| Top 10 Holdings | Allocation |
|---|---|
| Bank of Queensland Limited | 9.5% |
| National Australia Bank Limited | 9.2% |
| Westpac Banking Corporation | 7.1% |
| Queensland Treasury Corp. | 6.5% |
| Government of Australia | 5.9% |
| Western Australian Treasury Corp. | 5.3% |
| Bendigo and Adelaide Bank Limited | 5.2% |
| Suncorp-Metway Ltd. | 3.7% |
| Ausgrid Finance Pty Ltd. | 3.5% |
| Credit Union Australia Ltd. | 3.1% |
Performance
| Fund | Benchmark | |
|---|---|---|
| 0.3% | 0.3% | |
| 1.1% | 1.0% | |
| 2.1% | 2.0% | |
| 4.1% | 3.7% | |
| 1.5% | 1.5% | |
| 1.5% | 1.3% | |
| - | - | |
| 1.7% | 1.6% |
The performance data is updated on a monthly basis.
Total returns are calculated:
- using the sell (exit) price
- net of management fees
- gross of tax
- as if distributions of income have been reinvested at the actual distribution reinvestment price
- the actual returns received by an investor will depend on the timing, buy and exit price of individual transactions.
Figures showing a period of less than one year have not been adjusted to show an annual total return. Figures for periods of greater than one year are on a per annum compound basis.
Return of capital and the performance of your investment in the fund are not guaranteed. Past performance is not a reliable indicator of future performance.
| Fund | Benchmark | |
|---|---|---|
| 0.3% | 0.3% | |
| 1.1% | 1.0% | |
| 2.1% | 2.0% | |
| 4.1% | 3.7% | |
| 1.5% | 1.5% | |
| 1.4% | 1.3% | |
| 1.6% | 1.7% | |
| 3.5% | 3.9% |
The performance data is updated on a monthly basis.
Total returns are calculated:
- using the sell (exit) price
- net of management fees
- gross of tax
- as if distributions of income have been reinvested at the actual distribution reinvestment price
- the actual returns received by an investor will depend on the timing, buy and exit price of individual transactions.
Figures showing a period of less than one year have not been adjusted to show an annual total return. Figures for periods of greater than one year are on a per annum compound basis.
Return of capital and the performance of your investment in the fund are not guaranteed. Past performance is not a reliable indicator of future performance.
Resources
Ways to invest
Directly with Australian Ethical
Complete our online or paper application form. You may be asked for your IDs for verification purposes.
Through a platform
You could also invest through a range of platforms, which are typically used by advisers. If you don’t have an adviser but would like to find one, visit the Responsible Investment Association Australasia or the Financial Planning Association.
See available platforms