Dividend Income Option
The Dividend Income Option’s Objective
This investment option aims to offer investors a high-conviction portfolio of S&P/ASX 200 companies which have sound balance sheets, reliable cash flows and high consistent dividends. 1
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);
- Franking Credits;
- Competitive fees; and
- Capital growth style assets.
Investors should be seeking a relatively medium level of capital security from a well diversified portfolio of ASX listed securities and cash.
This investment option is designed for investors seeking consistent income and steady capital growth. Portfolio turnover is minimised in order to limit the number of taxable gains or losses in any year and providing investors with some franking credits.
Investors may make an investment for a timeframe that suits them subject to the terms of our PDS.
This investment option intends to invest in the following asset allocations:
|Cash and equivalents||0%||100%||10%|
This investment option focuses on “income.” Millinium focuses on identifying companies which generate consistent dividends because of the strength of their balance sheets, cash flows and fundamental business. Each company in the portfolio should have (but is not guaranteed to have) a forecast dividend yield higher than the S&P/ASX 200 average. The stock selection process also takes into account each company’s long term history and sustainable future prospects. As part of the valuation process, “buy” and “sell” prices are set for each company. This is a “high conviction” portfolio composed of only 10 to 15 stocks, but risk is controlled by incorporating fundamental and statistical correlation analysis as a key part of the portfolio construction process. The portfolio is expected to at least maintain its worth in real terms, i.e. to grow faster than inflation.
Key features of this investment option for investors:
|Morningstar ticker code||19088|
|Investor Type||All investors|
|Minimum Initial Investment||$5,000 (in one or more investment options)|
|Minimum Additional Investment||None|
|Minimum Ongoing Balance||$2,000|
|Minimum Redemption||$1,000 (subject to maintaining the Minimum Ongoing Balance)|
|Indicative Investment Timeframe||>2 years|
|Regular Investment Plan||Yes|
|Distribution Reinvestment Plan||Yes|
|Management Fee^^||0.70% p.a. of portfolio’s net assets payable monthly in arrears.|
|Buy/sell Spread||+/- of up to 0.30%|
|Expense Recovery Fee*||0.10% (estimate)|