Cash Option
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.
Investment timeframe
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:
| Asset Classes^ | Minimum | Maximum | Target |
| Cash and equivalents | 100% | 100% | 100% |
Investment Approach
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:
| APIR Code | EXP0007AU |
| 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) |
| Investment Timeframe | None |
| Distribution Frequency | Quarterly |
| Regular Investment Plan | Yes |
| Distribution Reinvestment Plan | Yes |
| Management Fee^^ | 0.10% p.a. of net portfolio's assets payable monthly in arrears. |
| Buy/sell Spread | None |
| Expense Recovery Fee* | 0.05% (estimate) |
| Unit Price# | Daily |
| Withdrawal Timing | Monthly |
| Unit Class | A1 |
Disclaimer: © Millinium's Multi-Strategy Fund ARSN 125 878 015 (“Fund”) is issued by Millinium Capital Managers Limited, ABN 32 111 283 357, AFSL No. 284336 (“Millinium”). This document does not constitute personal advice. Investors should consider obtaining professional advice as to whether this financial product suits their objectives, financial situation or needs. Investing in the Fund or its investment options can only be made by completing an application form attached to a current Product Disclosure Statement (“PDS”), and submitting it to our Sydney office. Investors should consider the PDS before investing and speak to their Financial Planner. ^This investment option’s target allocation is a target only and may change without notice. The asset allocation may be more or less than the target allocation in the Fund's PDS. ^^Management Fees and expenses are deducted from the sub trust for each investment option of the Fund. *This is an estimate based on subscriptions but costs could be higher. # The unit price is subject to adjustment. Please see the section "Unit pricing and the value of your investment" in the PDS. Returns are not guaranteed. Any past performance information or up to date returns posted on the website at www.millinium.com.au under the "Product Performance" tab, should not be taken as a reliable guide to future performance of the Fund or this investment option. Please note that returns are rolled up into the unit prices calculated for each unit class/investment option of the Fund. Please refer to the Terms of Use on our website for full details of use and our disclaimers. This document may be amended, withdrawn or replaced without notice. Please see the PDS for full details on the Fund from our website at www.millinium.com.au or speak to Investor Services on 02 8012-8650 to obtain a copy of the PDS.
