Multi-Strategy Income Fund - G Class Units
The Fund’s Objective
This Fund offers investors an active portfolio of income style assets with some capital growth.
Who can access the Fund?
The Fund offers Class G units to operators of an Investor Directed Portfolio Service (“IDPS”) Master Trust (including superannuation Master Trusts) or Wrap Account or IDPS like scheme, nominee, custody service or other type of registered managed investment scheme (“IDPS operator”). This offer of G Class units is not made to retail and wholesale investor(s) and they can only gain access to this investment through an IDPS operator.
Fund’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;
- Competitive fees; and
- Some capital growth style assets.
IPDS operators should be seeking a relatively medium level of capital security from a well diversified portfolio of rated and unrated fixed interest investments, listed securities, cash and some commercial loan assets for their indirect investors.
Investment timeframe
IDPS operators 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 |
| Fixed interest (rated and unrated) | 35% | 80% | 55% |
| Commercial loans | 0% | 40% | 20% |
| Cash and equivalents | 10% | 35% | 15% |
| Securities | 0% | 30% | 10% |
| Derivatives (hedging only) | 0% | 25% | 0% |
Investment Approach
The Fund utilises a multi-manager investment approach that means we and other investment manager(s) offer various specialist investment skills for optimum performance of asset classes offered by the Fund.
We select, monitor and value the Fund’s assets looking at the short to medium term economic outlook using a disciplined decision-making framework and some emphasis on capital preservation, ongoing income and increase in capital growth.
The process involves constantly assessing new information to refine our view of value and compare that to current market prices for asset sectors. Depending upon the degree that market prices diverge from fair value, this will assist us in depicting the degree that portfolios deviate from benchmarks we set and weighting in a more conservative mix of assets. We employ multiple strategies to add value, including a mix of short dated, rated, fixed interest assets, medium incoming yielding assets by duration and security selection for dividend and some capital appreciation over a rolling year basis. There is a value orientation style across all asset classes and emphasis on liquidity and quality of assets.
Key features of the Fund for IDPS operators:
| APIR Code | EXP0006AU |
| Morningstar ticker code | 17009 |
| Minimum Initial Investment | $100,000 |
| Minimum Additional Investment | No minimum |
| Minimum Ongoing Balance | No minimum |
| Minimum Redemption | No minimum |
| Investment Timeframe | No minimum |
| Distribution Frequency | Quarterly |
| Regular Investment Plan | Yes |
| Distribution Reinvestment Plan | Yes |
| Management Fee | 1.05% p.a. of gross Fund assets payable monthly. |
| Buy/sell Spread | +/- of up to 0.30% |
| Expenses | 0.10% (estimate) |
| Unit Price | Daily |
| Classes of Units | G Class Units |
Disclaimer: © Millinium'sMulti-Strategy Income Fund is issued by Millinium Capital Managers Limited, ABN 32 111 283 357, AFSL No. 284336. 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 can only be made by completing an application form attached to a current PDS, and submitting it to our Sydney office. IPDS investors should consider the PDS before investing and speak to their IDPS Operator for investment. The Fund's target allocation is a target only. The asset allocation may be more or less than the target allocation in the Fund's PDS. Please refer to the Terms of Use on our website for full details on the use of this website and our disclaimers. This document may be amended, withdrawn or replaced without notice. Please see the PDS for full details on the Fund.