Products - 'Income Series'
Our income style funds are designed as multi-strategy income funds ("Millinium's Income Series"). To find out more, click on a fund icon to the right to see how each fund works up-close by its product details. Each fund's overview offered to a class of unit holders will give an overview of what each fund has to offer.
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Why do we call them Millinium's Income Series?
Millinium's Income Series objective is to provide investors with ongoing income distributions. This is not to say that income streams are always consistent, as they are not. These funds are simply for investors seeking a greater proportion of income distributions but still allow some flexibility for capital asset growth. These funds may be blended with other investments of an investor to obtain greater diversity in assets and returns but strive to have:
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An active pool of income producing assets;
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Access a regular investment plan and/or compounding reinvested distributions;
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Investment specialist(s);
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Diversification of asset classes;
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Competitive fees; and
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Some capital growth style assets.
Millinium's Income Series invest predominantly in fixed interest, cash, listed securities and some commercial loan assets depending upon the fund chosen. This way, the returns from each of these asset classes provides for greater diversification. If one asset class does not perform well, another asset class may perform better given increased ability in overall performance. Please see the relevant Product Disclosure Statement ("PDS") for Millinium's Income Series funds for more information.
Assets classes
Millinium's Income Series funds intend to invest in the following types of assets with target asset allocations ranges of:
| Asset Classes^ | Minimum | Maximum | Target Allocation |
| Fixed interest (rated and unrated) | 35% | 80% | 55%-75% |
| Commercial loans | 0%-5% | 0%-40% | 15%-20% |
| Cash and equivalents | 5%-10% | 10%-15% | 15% |
| Securities | 0%-10% | 20%-30% | 10%-15% |
| Derivatives (hedging only) | 0% | 25% | 0% |
Investment Managers
For each of ours funds, we use a multi-manager approach and select investment managers based on their ability to perform in their asset class, with the view to preserve capital value and deliver a stable income stream within defined risk parameters. We consider what would be an optimal portfolio construction to maximise returns to investors. Our emphasis is on a conservative and consistent investment style based on quality in value of underlying assets. Accordingly, each investment manager focuses on the short to medium outlook and market fundamentals for underlying assets of each fund.
Please note returns are not guaranteed and should not be taken as a reliable guide to future performance of the Millinium's Income Series. © Millinium's Income Series funds are issued by Millinium Capital Managers Limited, ABN 32 111 283 357, AFSL No. 284336. This document does not constitute personal advice and investors should consider obtaining professional advice as to whether these financial products suit their objectives, financial situation or needs. Investing in Millinium's Income Series funds can only be made by completing an application form attached to a current PDS and submitting it to our Sydney office upon terms set by us. Please consider the relevant PDS before investing. This document may be amended, withdrawn or replaced without notice. The asset classes shown above set out the ranges available for each asset class for Millinium's Income Series funds. ^ Commercial finance loans only with first registered security taken and a maximum Loan to Value Ratio (“LVR”) of 66.6%. The Target allocation is a target only. The maximum and maximum allocations of the funds assets may change daily without notice to investors. This document is intended for the recipient only and not for distribution to third parties. Please refer to the Terms of Use on the website for full details on the use of this document and our disclaimers.