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  5. Generation Mutual ADI/Bank Securities - Managed fund profile

Generation Mutual ADI/Bank Securities - Managed Fund

Fund Objective
To outperform (before tax and fees) the Bloomberg AusBond Bank Bill Index by appointing Mutual as a Mandated Manager and to invest predominantly in the UMF named below.
Fund Strategy
To outperform (before tax and fees) the Bloomberg AusBond Bank Bill Index by appointing Mutual as a Mandated Manager and to invest predominantly in the UMF named below.

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 0.26% 1.01% 2.08% 4.31% 2.78% 1.63% 1.43% -%
Growth return 0.26% 1.01% 2.08% 4.31% 2.78% 1.63% 1.43% -%
Income return 0% 0% 0% 0% 0% 0% 0% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.36% 1.07% 2.15% 4.21% 3.33% 2.23% 1.56% 1.82%
As at 31 Mar 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Generation Mutual ADI/Bank Securities
Cash
12.97%
Fixed Interest
87.03%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%
Average Allocation of Peers
Cash
46.44%
Fixed Interest
15.58%
Australian Equities
5.98%
International Equities
9.98%
Property
2.07%
Alternatives
19.95%

General Information

Fund Details
Type Description
Generation Mutual ADI/Bank Securities
Austock Life Limited
ALL0032AU
Australian Cash
Not Rated
Investment Fund
1 Sep 2014
$13.74 million (as at 28 Mar 2024)
$1.1516 (as at 17 Apr 2024)
$1.1516 (as at 17 Apr 2024)
Open
Offer information
Type Description
Indirect Cost Ratio (ICR) 0.71% (as at 30 Jun 2021)
Performance fee (not included in ICR) Not Available
Minimum initial investment $500.00
Minimum additional investments $1,000.00
Minimum redemption amount $500.00

Top 10 holdings (as at 31 Mar 2024)

Holding (as at 31 Mar 2024) Type % of Portfolio
Westpac Banking Corp. Bond - Corporate Bond 5.66%
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FAQs about the Generation Mutual ADI/Bank Securities

The objective of the Generation Mutual ADI/Bank Securities managed fund is To outperform (before tax and fees) the Bloomberg AusBond Bank Bill Index by appointing Mutual as a Mandated Manager and to invest predominantly in the UMF named below.

The strategy of the Generation Mutual ADI/Bank Securities managed fund is To outperform (before tax and fees) the Bloomberg AusBond Bank Bill Index by appointing Mutual as a Mandated Manager and to invest predominantly in the UMF named below.

The APIR code of the Generation Mutual ADI/Bank Securities managed fund is ALL0032AU.

Generation Mutual ADI/Bank Securities’s total return last month was 0.26%. This was made up of a growth return of 0.26% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

Generation Mutual ADI/Bank Securities’s total return for the last three months was 1.01%. This was made up of a growth return of 1.01% and an income return of 0%%. These returns were calculated as at 31 Mar 2024.

Generation Mutual ADI/Bank Securities’s one-year total return is 4.31%. This was made up of a growth return of 4.31% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

Generation Mutual ADI/Bank Securities’s one-year total return is 1.63%. This was made up of a growth return of 1.63% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

The asset allocation of the Generation Mutual ADI/Bank Securities managed fund is :

Cash
12.97%
Fixed Interest
87.03%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%

The Responsible Entity for the Generation Mutual ADI/Bank Securities managed fund is Austock Life Limited.

The Generation Mutual ADI/Bank Securities managed fund belongs to the Australian Cash sector/asset class.

As at 28 Mar 2024, the size of the Generation Mutual ADI/Bank Securities managed fund was $13.74 million.

The Generation Mutual ADI/Bank Securities managed fund has an inception date of 1 Sep 2014.

The current entry price of the Generation Mutual ADI/Bank Securities managed fund is $1.1516 per unit and the current exit price is $1.1516 per unit (as at 17 Apr 2024).

The current exit price of the Generation Mutual ADI/Bank Securities managed fund is $1.1516 per unit and the current entry price is $1.1516 per unit (as at 17 Apr 2024).

The minimum initial investment amount for the Generation Mutual ADI/Bank Securities managed fund is $500. Minimum additional investment is $1000.

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.