InvestSMART

IOOF OPS UBS Credit Enhanced Cash - Managed Fund (Closed)

Fund Objective
This Fund aims to provide a total return (after ongoing fees) in excess of the UBS Australian Bank Bill Index (Benchmark) when measured over rolling 12 month periods.
Fund Strategy
The Fund is an actively managed $A portfolio of investment grade short term deposits, cash equivalent securities, fixed income securities, interest rate investment contracts and financial derivatives. Fixed income securities include govt, semi-govt and corp bonds, mortg and other asset backed securities and structured FI securities. The interest rate risk normally associated with FI securities is hedged using interest rate derivatives. This effectively converts the fixed income securities from fixed rate to floating rate securities.

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}
Peers
Benchmark ({{ fund.benchmark.name }})
{{ fund.model.name }}
The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.
grow your money
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns.
Free Fees Report
investing
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers.
Free investor guide
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns. Free Fees Report
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers. Free investor guide

Fees Comparison

{{ fund.mer | number:2 }}
% p.a.
{{ fund.name }}
{{ modelPortfolio.mer * 100 | number:2 }}
% p.a.
{{ modelPortfolio.name }}
{{ fund.benchmark.peers.mer * 100 | number:2 }}
% p.a.
Average of peers ({{ fund.benchmark.peers.peerCount }})
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.
Upsell Banner

Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.12% 6.45% 19.08% 20.98% 2.42% 2.15% 3.15% -%
Growth return 0.12% 6.45% 19.08% 20.98% 2.42% 2.15% 3.15% -%
Income return 0% 0% 0% 0% 0% 0% 0% -%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.29% 0.92% 1.94% 4.19% 4.3% 4.05% 2.53% -%
As at 31 Jan 2010. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

IOOF OPS UBS Credit Enhanced Cash
Cash
20.58%
Fixed Interest
77.52%
Alternatives
1.90%
Australian Equities
0%
International Equities
0%
Average Allocation of Peers
Cash
20.42%
Fixed Interest
78.86%
Alternatives
0.66%
Australian Equities
0.03%
International Equities
0.03%

General Information

Fund Details
Type Description
IOOF OPS UBS Credit Enhanced Cash
Closed
IOOF Global One Limited
ASK0326AU
Australian Short Term Fixed Interest
star (as at 31 Jan 2010)
Allocated Pension
10 Feb 2003
$1.34 million (as at 31 Jan 2010)
$12.67961 (as at 22 Feb 2010)
$12.67961 (as at 22 Feb 2010)
Finalised
Offer information
Type Description
Standard entry fee 4%
MER 1.71% (as at 30 Jun 2005)
Indirect Cost Ratio (ICR) 1.70% (as at 30 Jun 2009)
Minimum initial investment $30,000

FAQs about the IOOF OPS UBS Credit Enhanced Cash

The objective of the IOOF OPS UBS Credit Enhanced Cash managed fund is This Fund aims to provide a total return (after ongoing fees) in excess of the UBS Australian Bank Bill Index (Benchmark) when measured over rolling 12 month periods.

The strategy of the IOOF OPS UBS Credit Enhanced Cash managed fund is The Fund is an actively managed $A portfolio of investment grade short term deposits, cash equivalent securities, fixed income securities, interest rate investment contracts and financial derivatives. Fixed income securities include govt, semi-govt and corp bonds, mortg and other asset backed securities and structured FI securities. The interest rate risk normally associated with FI securities is hedged using interest rate derivatives. This effectively converts the fixed income securities from fixed rate to floating rate securities.

The APIR code of the IOOF OPS UBS Credit Enhanced Cash managed fund is ASK0326AU.

IOOF OPS UBS Credit Enhanced Cash’s total return last month was 0.12%. This was made up of a growth return of 0.12% and an income return of 0%. These returns were calculated as at 31 Jan 2010.

IOOF OPS UBS Credit Enhanced Cash’s total return for the last three months was 6.45%. This was made up of a growth return of 6.45% and an income return of 0%%. These returns were calculated as at 31 Jan 2010.

IOOF OPS UBS Credit Enhanced Cash’s one-year total return is 20.98%. This was made up of a growth return of 20.98% and an income return of 0%. These returns were calculated as at 31 Jan 2010.

IOOF OPS UBS Credit Enhanced Cash’s one-year total return is 2.15%. This was made up of a growth return of 2.15% and an income return of 0%. These returns were calculated as at 31 Jan 2010.

The asset allocation of the IOOF OPS UBS Credit Enhanced Cash managed fund is :

Cash
20.58%
Fixed Interest
77.52%
Alternatives
1.90%
Australian Equities
0%
International Equities
0%

The Responsible Entity for the IOOF OPS UBS Credit Enhanced Cash managed fund is IOOF Global One Limited.

The IOOF OPS UBS Credit Enhanced Cash managed fund belongs to the Australian Short Term Fixed Interest sector/asset class.

As at 31 Jan 2010, the size of the IOOF OPS UBS Credit Enhanced Cash managed fund was $1.34 million.

The IOOF OPS UBS Credit Enhanced Cash managed fund has an inception date of 10 Feb 2003.

The current entry price of the IOOF OPS UBS Credit Enhanced Cash managed fund is $12.67961 per unit and the current exit price is $12.67961 per unit (as at 22 Feb 2010).

The current exit price of the IOOF OPS UBS Credit Enhanced Cash managed fund is $12.67961 per unit and the current entry price is $12.67961 per unit (as at 22 Feb 2010).

The minimum initial investment amount for the IOOF OPS UBS Credit Enhanced Cash managed fund is $30,000.

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.