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, 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

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 0.50% + Performance fee of 10% on the Fund’s outperformance of the RBA cash rate(post base fee). Subject to high watermarks. Cost recovery up to 0.18% p.a.
Fund leverage Nil
Reinvestment plan Available
Minimum investment


Platform Availability

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


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

1 month 3 months 6 months 1 Year* 3 Year* 5 Year* 7 Year* Inception*
Net return (%) 0.75 2.27 4.68 9.10 7.31 6.85 6.73 6.67
RBA cash rate (%) 0.34 1.01 1.93 3.39 1.31 1.17 1.26 1.28

Returns are net of fees, excluding tax.

*Returns are annualised.

Past performance is not necessarily indicative of future performance.