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
![manning-monthly-income-fund-highly-commended-website-news2x](https://r78d06.p3cdn1.secureserver.net/wp-content/uploads/2023/06/manning-monthly-income-fund-highly-commended-website-news2x-251x300.png)
Platform Availability
✓ HUB24
✓ Netwealth
✓ Praemium
✓ Mason Stevens
✓ UBS
✓ IOOF (Wholesale Access)
✓ AET (Australian Executor Trustees)
Performance
Net investment returns: May 2016 (inception) to June 2024
![mmif-perf-table-top mmif-perf-table-top](https://r78d06.p3cdn1.secureserver.net/wp-content/uploads/2024/07/mmif-perf-table-top.png?time=1721728165)
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.