Fund Objective
The Manning Monthly Income Fund (Fund) seeks to generate absolute returns of RBA cash rate plus 5% per annum over rolling 5 years (net of fees, excluding tax) with returns primarily delivered as income.
Fund Strategy
The Fund is a purpose-built solution for investors who want a monthly income stream and a strong focus on capital stability managed by a proven team and process. The strategy is implemented by constructing a high-quality diversified portfolio of Australian fixed-income assets originated by proven counterparties. The Fund is actively managed by an industry-leading team to enhance risk/return characteristics through time.
Key Facts
| APIR | MSM9568AU |
|---|---|
| Fund status | Open to wholesale investors only |
| Benchmark | RBA cash rate + 5% p.a. over rolling 5 years (net of fees) |
| Applications | Monthly |
| Distributions | Monthly |
| Redemptions | Monthly - Redemption request must be submitted no later than 10 business days prior to the end of the month |
| Buy / Sell Spread | 0.25%/0.25% charged upfront |
| Management fee | Base fee of 0.65% + Performance fee of 10% on the Fund’s outperformance of the RBA cash rate(post base fee). |
| Fund leverage | Nil |
| Reinvestment plan | Available |
Minimum investment |
$25,000 |
Funds
Platform Availability
✓ HUB24
✓ Netwealth
✓ Praemium
✓ Mason Stevens
✓ UBS
✓ IOOF (Wholesale Access)
✓ AET (Australian Executor Trustees)
Performance
Net investment returns: May 2016 (inception) to October 2024
Past performance is not necessarily indicative of future performance. Returns are net of fees, excluding tax, and assume reinvestment of all distributions. Returns greater than one year are annualised.