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 0.50% + 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 |
$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 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.