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  5. IOOF Flexi Trust - Mortgage Fund - Managed fund profile

IOOF Flexi Trust - Mortgage Fund - Managed Fund (Closed)

Fund Objective
To provide regular monthly income distributions at rates which over the medium-term are expected to exceed those available from cash management trusts by a minimum of 0.5%, whilst at the same time providing a high level of capital security. Minimum recommended investment period is 1 year.
Fund Strategy
Invests predominantly in variable rate residential mortgages and mortgage backed securities with a percentage retained in short-term liquid investments. Investments in fixed rate mortgages is not expected to exceed 20% of the Fund balance. It is anticipated that no individual mortgage investment will exceed 5% of the Value of the Fund at the time the investment is made.

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% 0.1% 0.35% 0.91% 1.48% 1.72% 2.62% 3.75%
Growth return 0% 0% 0% 0% 0% 0% 0% 0%
Income return 0% 0.1% 0.35% 0.91% 1.48% 1.72% 2.62% 3.75%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.32% 0.94% 2% 4.25% 4.32% 4% 2.47% 2.06%
As at 31 Mar 2016. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

IOOF Flexi Trust - Mortgage Fund
Cash
47.17%
Fixed Interest
52.83%
Australian Equities
0%
International Equities
0%
Alternatives
0%
Average Allocation of Peers
Cash
20.02%
Fixed Interest
79.26%
Australian Equities
0.03%
International Equities
0.03%
Alternatives
0.66%

General Information

Fund Details
Type Description
IOOF Flexi Trust - Mortgage Fund
Closed
IOOF Investment Management Limited
IOF0011AU
Mortgages
starstar (as at 28 Feb 2011)
Investment Fund
1 Apr 1994
$7.98 million (as at 30 Apr 2016)
n/a
$1 (as at 30 Apr 2016)
Finalised
Offer information
Type Description
MER 1.48% (as at 30 Jun 2006)
Indirect Cost Ratio (ICR) 1.49% (as at 30 Jun 2016)
Minimum initial investment $2,000.00
Minimum additional investments
Minimum redemption amount

FAQs about the IOOF Flexi Trust - Mortgage Fund

The objective of the IOOF Flexi Trust - Mortgage Fund managed fund is To provide regular monthly income distributions at rates which over the medium-term are expected to exceed those available from cash management trusts by a minimum of 0.5%, whilst at the same time providing a high level of capital security. Minimum recommended investment period is 1 year.

The strategy of the IOOF Flexi Trust - Mortgage Fund managed fund is Invests predominantly in variable rate residential mortgages and mortgage backed securities with a percentage retained in short-term liquid investments. Investments in fixed rate mortgages is not expected to exceed 20% of the Fund balance. It is anticipated that no individual mortgage investment will exceed 5% of the Value of the Fund at the time the investment is made.

The APIR code of the IOOF Flexi Trust - Mortgage Fund managed fund is IOF0011AU.

IOOF Flexi Trust - Mortgage Fund’s total return last month was 0%. This was made up of a growth return of 0% and an income return of 0%. These returns were calculated as at 31 Mar 2016.

IOOF Flexi Trust - Mortgage Fund’s total return for the last three months was 0.1%. This was made up of a growth return of 0% and an income return of 0.1%%. These returns were calculated as at 31 Mar 2016.

IOOF Flexi Trust - Mortgage Fund’s one-year total return is 0.91%. This was made up of a growth return of 0% and an income return of 0.91%. These returns were calculated as at 31 Mar 2016.

IOOF Flexi Trust - Mortgage Fund’s one-year total return is 1.72%. This was made up of a growth return of 0% and an income return of 1.72%. These returns were calculated as at 31 Mar 2016.

The asset allocation of the IOOF Flexi Trust - Mortgage Fund managed fund is :

Cash
47.17%
Fixed Interest
52.83%
Australian Equities
0%
International Equities
0%
Alternatives
0%

The Responsible Entity for the IOOF Flexi Trust - Mortgage Fund managed fund is IOOF Investment Management Limited.

The IOOF Flexi Trust - Mortgage Fund managed fund belongs to the Mortgages sector/asset class.

As at 30 Apr 2016, the size of the IOOF Flexi Trust - Mortgage Fund managed fund was $7.98 million.

The IOOF Flexi Trust - Mortgage Fund managed fund has an inception date of 1 Apr 1994.

The current entry price of the IOOF Flexi Trust - Mortgage Fund managed fund is $ per unit and the current exit price is $1 per unit (as at 30 Apr 2016).

The current exit price of the IOOF Flexi Trust - Mortgage Fund managed fund is $1 per unit and the current entry price is $ per unit (as at 30 Apr 2016).

The minimum initial investment amount for the IOOF Flexi Trust - Mortgage Fund managed fund is $2,000. Minimum additional investment is $0.

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.