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  5. KFM Income - Managed fund profile

KFM Income - Managed Fund (Closed)

Fund Objective
To provide an income stream in excess of the 1-year Bank Bill Swap Rate (BBSW) which is the fund's benchmark. The fund is managed on an absolute basis and aims to produce a consistent return largely comprised of income generated from a diversified portfolio of liquid and Australian Securities Exchange ('ASX') listed securities, coupled with low volatility and some capital growth over time.
Fund Strategy
The Fund invests predominantly in high yielding securities listed on the ASX such as hybrid securities and corporate bonds (fixed and floating), unsecured fixed interest investments, property trusts, preference shares, utilities and infrastructure securities and high yielding ordinary shares, particularly bank shares, as well as government bonds and cash.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 2.08% 0.36% 1.22% 1.16% 1.96% 4.34% 3.71% 4.61%
Growth return 2.08% -0.54% -3.21% -5.23% -5.69% -1.72% -2.62% -1.7%
Income return 0% 0.9% 4.43% 6.39% 7.65% 6.06% 6.33% 6.31%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return 1.12% 1.03% 4.85% 1.47% 0.91% -1.29% 0.17% 2.59%
As at 30 Nov 2023. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

KFM Income
Australian Equities
11%
Cash
15.90%
Property
13.70%
Fixed Interest
59.40%
International Equities
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
0.60%
Cash
3.03%
Property
0.03%
Fixed Interest
95.77%
International Equities
0.24%
Alternatives
0.33%

General Information

Fund Details
Type Description
KFM Income
Closed
Equity Trustees Ltd
VEN0007AU
Unconstrained Fixed Income
starstarstarstarstar (as at 30 Nov 2023)
Investment Fund
12 Jul 2007
$9.49 million (as at 30 Nov 2023)
$0.7336 (as at 11 Dec 2023)
$0.7336 (as at 11 Dec 2023)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 0.79% (as at 30 Jun 2022)
Performance fee (not included in ICR) 0
Minimum initial investment $5,000.00
Minimum additional investments $5,000.00
Minimum redemption amount $5,000.00

Top 10 holdings (as at 30 Nov 2023)

Holding (as at 30 Nov 2023) Type % of Portfolio
BHP Group Ltd Equity 6.58%
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FAQs about the KFM Income

The objective of the KFM Income managed fund is To provide an income stream in excess of the 1-year Bank Bill Swap Rate (BBSW) which is the fund's benchmark. The fund is managed on an absolute basis and aims to produce a consistent return largely comprised of income generated from a diversified portfolio of liquid and Australian Securities Exchange ('ASX') listed securities, coupled with low volatility and some capital growth over time.

The strategy of the KFM Income managed fund is The Fund invests predominantly in high yielding securities listed on the ASX such as hybrid securities and corporate bonds (fixed and floating), unsecured fixed interest investments, property trusts, preference shares, utilities and infrastructure securities and high yielding ordinary shares, particularly bank shares, as well as government bonds and cash.

The APIR code of the KFM Income managed fund is VEN0007AU.

KFM Income’s total return last month was 2.08%. This was made up of a growth return of 2.08% and an income return of 0%. These returns were calculated as at 30 Nov 2023.

KFM Income’s total return for the last three months was 0.36%. This was made up of a growth return of -0.54% and an income return of 0.9%%. These returns were calculated as at 30 Nov 2023.

KFM Income’s one-year total return is 1.16%. This was made up of a growth return of -5.23% and an income return of 6.39%. These returns were calculated as at 30 Nov 2023.

KFM Income’s one-year total return is 4.34%. This was made up of a growth return of -1.72% and an income return of 6.06%. These returns were calculated as at 30 Nov 2023.

The asset allocation of the KFM Income managed fund is :

Australian Equities
11%
Cash
15.90%
Property
13.70%
Fixed Interest
59.40%
International Equities
0%
Alternatives
0%

The Responsible Entity for the KFM Income managed fund is Equity Trustees Ltd.

The KFM Income managed fund belongs to the Unconstrained Fixed Income sector/asset class.

As at 30 Nov 2023, the size of the KFM Income managed fund was $9.49 million.

The KFM Income managed fund has an inception date of 12 Jul 2007.

The current entry price of the KFM Income managed fund is $0.7336 per unit and the current exit price is $0.7336 per unit (as at 11 Dec 2023).

The current exit price of the KFM Income managed fund is $0.7336 per unit and the current entry price is $0.7336 per unit (as at 11 Dec 2023).

The minimum initial investment amount for the KFM Income managed fund is $5,000. Minimum additional investment is $5000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.