The Cash Option’s Objective
This investment option offers investors a portfolio of active investment in cash and related instruments and aims to provide market index returns, capital security and liquidity.
Investment Option's Features
- Active pool of income producing assets;
- Daily unit pricing;
- Access a regular investment plan and/or compounding reinvested distributions;
- Investment specialist(s);
- Diversified asset classes; and
- Competitive fees.
Investors should be seeking a relatively high level of capital security from a well diversified portfolio of rated and unrated, high quality call deposits, bank bills and ADI's.
Investors may make an investment for a timeframe that suits them and pursuant to the terms of our PDS.
Target asset classes
The Fund intends to invest in the following asset allocations:
|Cash and equivalents||100%||100%||100%|
This investment option’s assets are actively managed high quality, short term, call deposits, cash equivalents securities, such as semi-government, bank bills of exchange. This class invests to gain exposure to Australian money market securities including securities issued by the Australian government, banks and corporations which have a Standard & Poors rating of A1 or better. Millinium operates this investment option to provide stable income and preservation of capital through investment in short dated securities that provide a high level of liquidity and security. This portfolio of investments maintains a very low risk profile and higher levels of liquidity.
Key features of this investment option for investors:
|Morningstar ticker code||19086|
|Minimum Initial Investment||$5,000 (in one or more investment options)|
|Minimum Additional Investment||None|
|Minimum Ongoing Balance||$5,000|
|Minimum Redemption||$1,000 (subject to maintaining the Minimum Ongoing Balance)|
|Regular Investment Plan||Yes|
|Distribution Reinvestment Plan||Yes|
|Management Fee^^||0.10% p.a. of net portfolio's assets payable monthly in arrears.|
|Expense Recovery Fee*||0.05% (estimate)|