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  5. Crescent Islamic Cash Management - Managed fund profile

Crescent Islamic Cash Management - Managed Fund (Closed)

Fund Objective
The Fund aims to achieve capital growth over the long term, with total return (after fees) above the Reserve Bank of Australia Cash Rate.
Fund Strategy
The Fund is a managed investment scheme that invests in Australian dollar denominated short to medium-term cash based financial instruments which are based on Islamic investment principles.

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 -0.02% 0.05% 0.14% 0.62% 1.06% 1.17% 1.26% -%
Growth return -0.02% 0.05% 0.03% 0.07% 0.07% -0.21% -0.02% -%
Income return 0% 0% 0.11% 0.55% 0.99% 1.38% 1.28% -%
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 30 Jun 2020. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Crescent Islamic Cash Management
Cash
0.83%
Fixed Interest
99.17%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%
Average Allocation of Peers
Cash
46.42%
Fixed Interest
15.60%
Australian Equities
5.98%
International Equities
9.98%
Property
2.07%
Alternatives
19.95%

General Information

Fund Details
Type Description
Crescent Islamic Cash Management
Closed
Crescent Funds Management (Aust) Limited
CFL0003AU
Australian Cash
Not Rated
Investment Fund
24 May 2012
$46.44 million (as at 30 Jun 2018)
$1.0065 (as at 4 Aug 2020)
$1.0065 (as at 4 Aug 2020)
Suppressed
Offer information
Type Description
Indirect Cost Ratio (ICR) 0.54% (as at 30 Jun 2016)
Minimum initial investment $5,000.00
Minimum additional investments $500.00
Minimum redemption amount $500.00

FAQs about the Crescent Islamic Cash Management

The objective of the Crescent Islamic Cash Management managed fund is The Fund aims to achieve capital growth over the long term, with total return (after fees) above the Reserve Bank of Australia Cash Rate.

The strategy of the Crescent Islamic Cash Management managed fund is The Fund is a managed investment scheme that invests in Australian dollar denominated short to medium-term cash based financial instruments which are based on Islamic investment principles.

The APIR code of the Crescent Islamic Cash Management managed fund is CFL0003AU.

Crescent Islamic Cash Management’s total return last month was -0.02%. This was made up of a growth return of -0.02% and an income return of 0%. These returns were calculated as at 30 Jun 2020.

Crescent Islamic Cash Management’s total return for the last three months was 0.05%. This was made up of a growth return of 0.05% and an income return of 0%%. These returns were calculated as at 30 Jun 2020.

Crescent Islamic Cash Management’s one-year total return is 0.62%. This was made up of a growth return of 0.07% and an income return of 0.55%. These returns were calculated as at 30 Jun 2020.

Crescent Islamic Cash Management’s one-year total return is 1.17%. This was made up of a growth return of -0.21% and an income return of 1.38%. These returns were calculated as at 30 Jun 2020.

The asset allocation of the Crescent Islamic Cash Management managed fund is :

Cash
0.83%
Fixed Interest
99.17%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%

The Responsible Entity for the Crescent Islamic Cash Management managed fund is Crescent Funds Management (Aust) Limited.

The Crescent Islamic Cash Management managed fund belongs to the Australian Cash sector/asset class.

As at 30 Jun 2018, the size of the Crescent Islamic Cash Management managed fund was $46.44 million.

The Crescent Islamic Cash Management managed fund has an inception date of 24 May 2012.

The current entry price of the Crescent Islamic Cash Management managed fund is $1.0065 per unit and the current exit price is $1.0065 per unit (as at 4 Aug 2020).

The current exit price of the Crescent Islamic Cash Management managed fund is $1.0065 per unit and the current entry price is $1.0065 per unit (as at 4 Aug 2020).

The minimum initial investment amount for the Crescent Islamic Cash Management managed fund is $5,000. Minimum additional investment is $500.

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.