KFM Income - Managed Fund (Closed)

Fund Objective

To provide an income stream in excess of the 1-year Bank Bill Swap Rate (BBSW) which is the fund's benchmark. The fund is managed on an absolute basis and aims to produce a consistent return largely comprised of income generated from a diversified portfolio of liquid and Australian Securities Exchange ('ASX') listed securities, coupled with low volatility and some capital growth over time.

Fund Strategy

The Fund invests predominantly in high yielding securities listed on the ASX such as hybrid securities and corporate bonds (fixed and floating), unsecured fixed interest investments, property trusts, preference shares, utilities and infrastructure securities and high yielding ordinary shares, particularly bank shares, as well as government bonds and cash.

Fund Performance Comparison

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Peers

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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.

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Fees Comparison

% 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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	2.08%	0.36%	1.22%	1.16%	1.96%	4.34%	3.71%	4.61%
Growth return	2.08%	-0.54%	-3.21%	-5.23%	-5.69%	-1.72%	-2.62%	-1.7%
Income return	0%	0.9%	4.43%	6.39%	7.65%	6.06%	6.33%	6.31%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return	0.33%	1.05%	3.11%	4.31%	4.73%	3.74%	-0.03%	2.14%

As at 30 Nov 2023. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

KFM Income

Australian Equities: 11%

Cash: 15.90%

Property & Infrastructure: 13.70%

Fixed Interest: 59.40%

International Equities: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 0.63%

Cash: 6.57%

Property & Infrastructure: 0.02%

Fixed Interest: 92.51%

International Equities: 0.02%

Alternatives: 0.25%

General Information

Fund Details

Type	Description
Fund Name	KFM Income
Fund Status	Closed
Responsible Entity	Equity Trustees Ltd
APIR Code	VEN0007AU
Sector/Asset Class	Unconstrained Fixed Income
Morningstar Rating	(as at 30 Nov 2023)
Legal Structure	Investment Fund
Fund Inception	12 Jul 2007
Fund Size	$9.49 million (as at 30 Nov 2023)
Entry Price	$0.7336 (as at 11 Dec 2023)
Exit Price	$0.7336 (as at 11 Dec 2023)
Fund Status	Finalised

Offer information

Type	Description
MER	1.57% (as at 6 Nov 2023)
Indirect Cost Ratio (ICR)	0.79% (as at 30 Jun 2022)
Performance fee (not included in ICR)	0
Minimum initial investment	$5,000.00
Minimum additional investments	$5,000.00
Minimum redemption amount	$5,000.00

Top 10 holdings (as at 31 Aug 2023)

Holding (as at 31 Aug 2023)	Type	% of Portfolio
Waypoint REIT Ltd	Equity - REIT	5.25%
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FAQs about the KFM Income

What is the objective of the KFM Income managed fund?

The objective of the KFM Income managed fund is To provide an income stream in excess of the 1-year Bank Bill Swap Rate (BBSW) which is the fund's benchmark. The fund is managed on an absolute basis and aims to produce a consistent return largely comprised of income generated from a diversified portfolio of liquid and Australian Securities Exchange ('ASX') listed securities, coupled with low volatility and some capital growth over time.

What is the strategy for the KFM Income managed fund?

The strategy of the KFM Income managed fund is The Fund invests predominantly in high yielding securities listed on the ASX such as hybrid securities and corporate bonds (fixed and floating), unsecured fixed interest investments, property trusts, preference shares, utilities and infrastructure securities and high yielding ordinary shares, particularly bank shares, as well as government bonds and cash.

What is the APIR code of the KFM Income managed fund?

The APIR code of the KFM Income managed fund is VEN0007AU.

What was KFM Income’s total return last month?

KFM Income’s total return last month was 2.08%. This was made up of a growth return of 2.08% and an income return of 0%. These returns were calculated as at 30 Nov 2023.

What was KFM Income’s total return for the last three months?

KFM Income’s total return for the last three months was 0.36%. This was made up of a growth return of -0.54% and an income return of 0.9%%. These returns were calculated as at 30 Nov 2023.

What is KFM Income’s one-year total return?

KFM Income’s one-year total return is 1.16%. This was made up of a growth return of -5.23% and an income return of 6.39%. These returns were calculated as at 30 Nov 2023.

What is KFM Income’s three-year total return?

KFM Income’s one-year total return is 4.34%. This was made up of a growth return of -1.72% and an income return of 6.06%. These returns were calculated as at 30 Nov 2023.

What is the asset allocation of the KFM Income managed fund?

The asset allocation of the KFM Income managed fund is :

Australian Equities: 11%

Cash: 15.90%

Property & Infrastructure: 13.70%

Fixed Interest: 59.40%

International Equities: 0%

Alternatives: 0%

Who is the responsible Entity of the KFM Income managed fund?

The Responsible Entity for the KFM Income managed fund is Equity Trustees Ltd.

What sector/asset class does the KFM Income managed fund belong to?

The KFM Income managed fund belongs to the Unconstrained Fixed Income sector/asset class.

What is the size of the KFM Income managed fund?

As at 30 Nov 2023, the size of the KFM Income managed fund was $9.49 million.

What is the inception date of the KFM Income managed fund?

The KFM Income managed fund has an inception date of 12 Jul 2007.

What is the current entry price of the KFM Income managed fund?

The current entry price of the KFM Income managed fund is $0.7336 per unit and the current exit price is $0.7336 per unit (as at 11 Dec 2023).

What is the current exit price of the KFM Income managed fund?

The current exit price of the KFM Income managed fund is $0.7336 per unit and the current entry price is $0.7336 per unit (as at 11 Dec 2023).

What is the minimum investment amount for the KFM Income managed fund?

The minimum initial investment amount for the KFM Income managed fund is $5,000. Minimum additional investment is $5000.

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.

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