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

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 January 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 (%) 0.78 2.31 4.66 9.47 7.85 7.04 6.76 6.82
RBA cash rate (%) 0.36 1.07 2.09 4.00 1.87 1.39 1.42 1.44

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.