IOOF/Perennial Flex Cash & Income - Managed Fund

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Fund Performance Comparison

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Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers and {{ }}

Fee comparison

NOTE: Over the long term, higher fees lead to lower returns

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Benchmark* Peers Fees InvestSMART's Fees
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* A benchmark is an arbitary calculation that does not have any fees. Hence why in the long term the majority of fund managers underperform their benchmark by the cost of their fees. InvestSMART provides low cost funds that track their benchmark.

Fund performance (30 Apr 2018)

NOTE : returns for periods greater than 1 year are annualised
  1 Month % 3 Month % 6 Month % 1 Year % p.a. 2 Year % p.a. 3 Year % p.a. 5 Year % p.a. 10 Year % p.a.
Total return 0.08 0.18 0.34 0.72 0.84 1.04 1.37 2.6
Growth return 0 0 0 0 0 0 0 0
Income return 0.08 0.18 0.34 0.72 0.84 1.04 1.37 2.6

Market index (Bloomberg AusBond Bank 0+Y TR AUD)

Total return 0.17 0.48 0.91 1.78 1.81 1.96 2.24 3.39

Asset Allocation (30 Apr 2018)

Australian Equities 0%
International Equities 0%
Cash 100%
Property 0%
Fixed Interest 0%
Alternatives 0%
Asset Allocation

General Information

IOOF/Perennial Flex Cash & Income
IOOF Investment Management Limited
Australian Short Term Fixed Interest
star (as at 30 Sep 2015)
Investment Fund
1 Nov 1997
$750.96 million (as at 31 May 2018)
$1 (as at 31 May 2018)
$1 (as at 31 May 2018)

Objectives and Strategy

To provide a monthly income payment from investments in short term interest bearing securities, while maintaining a stable unit price of $1. The Fund aims to provide a level of income distribution over the medium term, which exceeds that available from bank deposits and cash management trusts and exceeds the UBSA Bank Bill index, on a rolling three-year basis.
The Fund will invest in a range of short term interest bearing securities including bank accepted bills, bank deposits, Government guaranteed securities, commercial paper, corporate and asset-backed securities.

Offer information

Indirect Cost Ratio (ICR) 1.23% (as at 30 Jun 2017)
Performance fee (not included in ICR) Not Available
Minimum initial investment $2,000.00
Minimum additional investments $500.00

DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

Data shown on this website is sourced by Morningstar
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