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 |
$50,000 |
Funds
Platform Availability
✓ HUB24
✓ Netwealth
✓ Praemium
✓ Mason Stevens
✓ UBS
✓ IOOF (Wholesale Access)
✓ AET (Australian Executor Trustees)
Performance
Net investment returns: May 2016 (inception) to March 2024
| 1 month | 3 months | 6 months | 1 Year | 3 Year (p.a.) | 5 Year (p.a.) | 7 Year (p.a.) | Inception (p.a.) | |
|---|---|---|---|---|---|---|---|---|
| Net return (%) | 0.74 | 2.23 | 4.59 | 9.49 | 7.91 | 7.10 | 6.86 | 6.87 |
| RBA cash rate (%) | 0.36 | 1.07 | 2.13 | 4.14 | 2.11 | 1.49 | 1.49 | 1.50 |
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.