Manning Monthly Income Fund

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) 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%
Applications Monthly
Distributions Monthly
Redemptions Monthly
Buy / Sell Spread 0.25%/0.25% charged upfront
Management fee Base fee of 0.50% + Performance fee of 10% on the Fund’s outperformance of the RBA cash rate. Subject to high watermarks.
Fund leverage Nil
Reinvestment plan Available
Minimum investment
$50,000

Funds

Platform Availability

HUB24
Netwealth
Praemium
Mason Stevens
Credit Suisse
IOOF (Wholesale Access)
AET (Australian Executor Trustees)

Performance

Net investment returns: May 2016 (inception) to April 2023

1 month 3 months 6 months 1 Year* 3 Year* 5 Year* 7 Year* Inception*
Net return (%) 0.79 2.23 4.47 8.41 6.86 6.74 6.74 6.53
RBA cash rate (%) 0.30 0.87 1.62 2.41 0.89 1.00 1.15 1.15

*Returns annualised and net of fees, excluding tax.

Past performance is not necessarily indicative of future performance.