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  5. RFM Chicken Income - Managed fund profile

RFM Chicken Income - Managed Fund (Closed)

Fund Objective
The aim of the Chicken Income Fund (CIF) is to provide investors with competitive risk-adjusted returns, in the form of quarterly income payments, generated by contract chicken growing activities.
Fund Strategy
The CIF is one of the largest contract chicken growing operations in Australia, owning 110 chicken sheds on ten chicken farms in Griffith, NSW. The Fund purchased the farms from Bartter Enterprises Pty Ltd (Bartter's), and simultaneously entered into a 20-year broiler (chicken) growing contract with Bartter's. The grower contract compensates the CIF as if all assets are fully used for the period of the contract through a fixed grower payment with adjustments for performance and expenses.

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 2.39% 2.71% 4.1% 15.31% 8.29% 7.42% 7.78% 8.95%
Growth return -1.62% -0.93% 0.04% 10.47% 1.65% -1.34% -2.65% -1.77%
Income return 4.01% 3.64% 4.06% 4.84% 6.64% 8.76% 10.43% 10.72%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.3% 0.91% 1.91% 4.09% 4.22% 4% 2.52% 2.06%
As at 30 Nov 2013. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

RFM Chicken Income
Alternatives
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Fixed Interest
0%
Average Allocation of Peers
Alternatives
22.40%
Australian Equities
3.95%
International Equities
6.74%
Cash
44.79%
Property & Infrastructure
1.44%
Fixed Interest
20.69%

General Information

Fund Details
Type Description
RFM Chicken Income
Closed
Rural Funds Management Limited
RFM0001AU
Miscellaneous
starstarstar (as at 31 Dec 2008)
Investment Fund
1 Feb 2002
$54.14 million (as at 30 Nov 2013)
n/a
$0.8283 (as at 31 Dec 2013)
Finalised
Offer information
Type Description
Standard entry fee 3%
MER 2.09% (as at 30 Jun 2006)
Indirect Cost Ratio (ICR) 3.99% (as at 30 Jun 2013)
Performance fee (not included in ICR) 0
Minimum initial investment $10,000.00

FAQs about the RFM Chicken Income

The objective of the RFM Chicken Income managed fund is The aim of the Chicken Income Fund (CIF) is to provide investors with competitive risk-adjusted returns, in the form of quarterly income payments, generated by contract chicken growing activities.

The strategy of the RFM Chicken Income managed fund is The CIF is one of the largest contract chicken growing operations in Australia, owning 110 chicken sheds on ten chicken farms in Griffith, NSW. The Fund purchased the farms from Bartter Enterprises Pty Ltd (Bartter's), and simultaneously entered into a 20-year broiler (chicken) growing contract with Bartter's. The grower contract compensates the CIF as if all assets are fully used for the period of the contract through a fixed grower payment with adjustments for performance and expenses.

The APIR code of the RFM Chicken Income managed fund is RFM0001AU.

RFM Chicken Income’s total return last month was 2.39%. This was made up of a growth return of -1.62% and an income return of 4.01%. These returns were calculated as at 30 Nov 2013.

RFM Chicken Income’s total return for the last three months was 2.71%. This was made up of a growth return of -0.93% and an income return of 3.64%%. These returns were calculated as at 30 Nov 2013.

RFM Chicken Income’s one-year total return is 15.31%. This was made up of a growth return of 10.47% and an income return of 4.84%. These returns were calculated as at 30 Nov 2013.

RFM Chicken Income’s one-year total return is 7.42%. This was made up of a growth return of -1.34% and an income return of 8.76%. These returns were calculated as at 30 Nov 2013.

The asset allocation of the RFM Chicken Income managed fund is :

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

The Responsible Entity for the RFM Chicken Income managed fund is Rural Funds Management Limited.

The RFM Chicken Income managed fund belongs to the Miscellaneous sector/asset class.

As at 30 Nov 2013, the size of the RFM Chicken Income managed fund was $54.14 million.

The RFM Chicken Income managed fund has an inception date of 1 Feb 2002.

The current entry price of the RFM Chicken Income managed fund is $ per unit and the current exit price is $0.8283 per unit (as at 31 Dec 2013).

The current exit price of the RFM Chicken Income managed fund is $0.8283 per unit and the current entry price is $ per unit (as at 31 Dec 2013).

The minimum initial investment amount for the RFM Chicken Income managed fund is $10,000.

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.