BlackRock GSS Australian Bond Index Fund
About this Fund
|ASSET CLASS||EXCHANGE TRADED FUNDS|
|INVESTMENT STYLE||The Fund is intended to be exposed to all the securities in the Benchmark.|
|INVESTMENT PROFILE||The Fund aims to provide investors with the performance of the market, before fees, as measured by the Benchmark.|
|BENCHMARK||Bloomberg AusBond Composite 0+Yr Index|
|FUND SIZE||Bloomberg AusBond Composite 0+Yr Index|
|NO. OF HOLDINGS|
Benefits of investing in the BlackRock GSS Australian Bond Index Fund
The Underlying Fund is managed as an index fund. Index funds are designed to provide an investment return that matches or is similar to the investment return of a particular market index. Market indices measure the performance of particular types of investment. Often, they measure the performance of shares and other investments listed on a stock exchange. Currently, the market index chosen is the Bloomberg AusBond Composite 0+Yr Index.
Index funds have a number of advantages:
The disadvantage of index funds is that they will likely not outperform the chosen index.
Access to professional investment managers
By investing through one or more Underlying Funds, the Fund gives you the benefit of access to the professional investment managers who operate those Underlying Funds.
Pooling of investors' funds
The pooling of a number of investors' funds assists the investment manager of the Underlying Fund in implementing its indexing strategy efficiently.
A simple way of investing and switching your investment
The Fund provides a simple way of investing through your platform account and allows you to withdraw your investment when you wish to. Generally, by giving us directions through your platform account, you can withdraw your investment in the Fund at any time, as described in section 2 of the PDS. You can also give us directions to switch your investment to other funds available through your platform account if you decide you wish to change your investment in the future (see section 5 of the PDS).
Online information about your investment
As an investor in the Fund through a platform account, you have online access to obtain information about the investment.
Long term investors seeking a broad exposure to Australian bonds.
To invest in or otherwise provide an exposure to the securities comprising the Benchmark Index in a way that replicates the performance of that index. Generally, this is done by the Underlying Fund (either directly or through one or more other funds) purchasing all of the securities that form the index, although derivatives such as futures, forwards and options may be used in certain circumstances to provide part of the exposure. The investment strategy is implemented by investing through the Underlying Fund.
Investment return objective
The Fund's objective is to provide investors with the performance of the market, before fees, as measured by the Benchmark.
The investment return objective is expressed before the deduction of management fees, expense recoveries and taxation, i.e. performance is measured relative to the benchmark before fees, costs and taxes are deducted.
The investment return objective is not intended to be a forecast of actual performance; it is merely an indication of what is aimed to be achieved over the investment time horizon. Netwealth does not guarantee that the Fund will achieve its investment return objective.
How we invest your money
Currently the Fund is invested in the iShares
Australian Bond Index Fund (ARSN 097 295 424) managed by BlackRock Investment
Management (Australia) Limited ABN 13 006 165 975. BlackRock Investment
Management (Australia) Limited has given and has not withdrawn before the
preparation date of the PDS, its written consent to be named in the PDS as the
manager of iShares Australian Bond Index Fund in the form and context in which
it appears in the PDS.
Strategic asset allocation
The Fund is intended to be exposed to all the securities in the Benchmark Index. Therefore, it does not have a pre-determined asset allocation but instead seeks exposure to assets matching the composition of that index by investing in the Underlying Fund.