InvestSMART

IOOF/Perennial Flexible Cash & Income - Managed Fund (Closed)

Fund Objective
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.
Fund Strategy
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.

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 0.1% 0.25% 0.43% 0.78% 0.82% 0.99% 1.31% 2.46%
Growth return 0% 0% 0% 0% 0% 0% 0% 0%
Income return 0.1% 0.25% 0.43% 0.78% 0.82% 0.99% 1.31% 2.46%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.31% 0.9% 1.83% 3.97% 4.22% 4.11% 2.71% 2.11%
As at 31 Jul 2018. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

IOOF/Perennial Flexible Cash & Income
Cash
100%
Australian Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Cash
18.45%
Australian Equities
0.03%
Property & Infrastructure
0.88%
Fixed Interest
80.64%
Alternatives
0%

General Information

Fund Details
Type Description
IOOF/Perennial Flexible Cash & Income
Closed
IOOF Investment Management Limited
IOF0050AU
Australian Short Term Fixed Interest
star (as at 30 Sep 2015)
Investment Fund
1 Nov 1997
$749.25 million (as at 31 Jul 2018)
$1 (as at 31 Aug 2018)
$1 (as at 31 Aug 2018)
Finalised
Offer information
Type Description
MER 1.23% (as at 30 Jun 2006)
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
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FAQs about the IOOF/Perennial Flexible Cash & Income

The objective of the IOOF/Perennial Flexible Cash & Income managed fund is 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 strategy of the IOOF/Perennial Flexible Cash & Income managed fund is 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.

The APIR code of the IOOF/Perennial Flexible Cash & Income managed fund is IOF0050AU.

IOOF/Perennial Flexible Cash & Income’s total return last month 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 Jul 2018.

IOOF/Perennial Flexible Cash & Income’s total return for the last three months was 0.25%. This was made up of a growth return of 0% and an income return of 0.25%%. These returns were calculated as at 31 Jul 2018.

IOOF/Perennial Flexible Cash & Income’s one-year total return is 0.78%. This was made up of a growth return of 0% and an income return of 0.78%. These returns were calculated as at 31 Jul 2018.

IOOF/Perennial Flexible Cash & Income’s one-year total return is 0.99%. This was made up of a growth return of 0% and an income return of 0.99%. These returns were calculated as at 31 Jul 2018.

The asset allocation of the IOOF/Perennial Flexible Cash & Income managed fund is :

Cash
100%
Australian Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the IOOF/Perennial Flexible Cash & Income managed fund is IOOF Investment Management Limited.

The IOOF/Perennial Flexible Cash & Income managed fund belongs to the Australian Short Term Fixed Interest sector/asset class.

As at 31 Jul 2018, the size of the IOOF/Perennial Flexible Cash & Income managed fund was $749.25 million.

The IOOF/Perennial Flexible Cash & Income managed fund has an inception date of 1 Nov 1997.

The current entry price of the IOOF/Perennial Flexible Cash & Income managed fund is $1 per unit and the current exit price is $1 per unit (as at 31 Aug 2018).

The current exit price of the IOOF/Perennial Flexible Cash & Income managed fund is $1 per unit and the current entry price is $1 per unit (as at 31 Aug 2018).

The minimum initial investment amount for the IOOF/Perennial Flexible Cash & Income managed fund is $2,000. 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.