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  5. Ord Minnett Enhanced Income - Managed fund profile

Ord Minnett Enhanced Income - Managed Fund (Closed)

Fund Objective
The Fund aims to generate regular income returns with the possibility of modest capital gains over the medium term with less volatility than usually associated with fixed income or equity markets.
Fund Strategy
The Ord Minnett Enhanced Income Fund is a new fund and is a fund of funds. The Fund invests in a portfolio of wholesale funds which offers investors a diversified investment in underlying assets which significantly enhance yield over time compared to a traditional bank account, bank bills or retail cash management investment facility while seeking to maintain the Fund's S&P A rating.

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 0.26% 0.71% 1.34% 2.74% 4.01% 4.18% -% -%
Growth return -0.44% 0% 0.04% -1.13% -0.57% -0.38% -% -%
Income return 0.7% 0.71% 1.3% 3.87% 4.58% 4.56% -% -%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.35% 1.04% 2.18% 4.46% 4.35% 3.68% 2.21% 2.01%
As at 31 Dec 2009. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Ord Minnett Enhanced Income
Fixed Interest
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Alternatives
0%
Average Allocation of Peers
Fixed Interest
77.31%
Australian Equities
0.07%
International Equities
0.02%
Cash
22.57%
Alternatives
0.03%

General Information

Fund Details
Type Description
Ord Minnett Enhanced Income
Closed
Ord Minnett Management Limited
ORD0005AU
Australian Short Term Fixed Interest
starstar (as at 31 Dec 2009)
Investment Fund
1 Mar 2006
$27.32 million (as at 31 Jul 2008)
$0.9909 (as at 28 Jan 2010)
$0.9909 (as at 28 Jan 2010)
Finalised
Offer information
Type Description
MER 0.65% (as at 30 Jun 2007)
Indirect Cost Ratio (ICR) 0.62% (as at 30 Jun 2009)
Minimum initial investment $20,000

FAQs about the Ord Minnett Enhanced Income

The objective of the Ord Minnett Enhanced Income managed fund is The Fund aims to generate regular income returns with the possibility of modest capital gains over the medium term with less volatility than usually associated with fixed income or equity markets.

The strategy of the Ord Minnett Enhanced Income managed fund is The Ord Minnett Enhanced Income Fund is a new fund and is a fund of funds. The Fund invests in a portfolio of wholesale funds which offers investors a diversified investment in underlying assets which significantly enhance yield over time compared to a traditional bank account, bank bills or retail cash management investment facility while seeking to maintain the Fund's S&P A rating.

The APIR code of the Ord Minnett Enhanced Income managed fund is ORD0005AU.

Ord Minnett Enhanced Income’s total return last month was 0.26%. This was made up of a growth return of -0.44% and an income return of 0.7%. These returns were calculated as at 31 Dec 2009.

Ord Minnett Enhanced Income’s total return for the last three months was 0.71%. This was made up of a growth return of 0% and an income return of 0.71%%. These returns were calculated as at 31 Dec 2009.

Ord Minnett Enhanced Income’s one-year total return is 2.74%. This was made up of a growth return of -1.13% and an income return of 3.87%. These returns were calculated as at 31 Dec 2009.

Ord Minnett Enhanced Income’s one-year total return is 4.18%. This was made up of a growth return of -0.38% and an income return of 4.56%. These returns were calculated as at 31 Dec 2009.

The asset allocation of the Ord Minnett Enhanced Income managed fund is :

Fixed Interest
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Alternatives
0%

The Responsible Entity for the Ord Minnett Enhanced Income managed fund is Ord Minnett Management Limited.

The Ord Minnett Enhanced Income managed fund belongs to the Australian Short Term Fixed Interest sector/asset class.

As at 31 Jul 2008, the size of the Ord Minnett Enhanced Income managed fund was $27.32 million.

The Ord Minnett Enhanced Income managed fund has an inception date of 1 Mar 2006.

The current entry price of the Ord Minnett Enhanced Income managed fund is $0.9909 per unit and the current exit price is $0.9909 per unit (as at 28 Jan 2010).

The current exit price of the Ord Minnett Enhanced Income managed fund is $0.9909 per unit and the current entry price is $0.9909 per unit (as at 28 Jan 2010).

The minimum initial investment amount for the Ord Minnett Enhanced Income managed fund is $20,000.

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.