OnePath Wholesale Geared Australian Shares Index Trust - Class B Units
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/101344-2023-12-13-02:52.pdf |
FUND MANAGER | Invesco Australia |
ASX Code | |
APIR | MMF0990AU |
ASSET CLASS | AUSTRALIAN EQUITIES |
INVESTMENT STYLE | The Trust invests in a share portfolio which is comprised of approximately 300 of the largest companies listed on the ASX. |
INVESTMENT PROFILE | The Trust aims to achieve returns (before fees, charges and taxes) that magnify the Benchmark returns. |
CURRENCY MANAGEMENT | Unhedged |
INCEPTION DATE | 19-07-2006 |
BENCHMARK | S&P/ASX 300 Accumulation Index |
FUND SIZE | S&P/ASX 300 Accumulation Index |
DISTRIBUTION FREQUENCY | Yearly |
NO. OF HOLDINGS | Around 300 |
FEES | 1.55% p.a. |
STRUCTURE |
Benefits
Benefits | Benefits of investing in the OnePath Wholesale Geared Australian Shares Index Trust - Class B UnitsThe Trust, which is part of the OnePath Wholesale range of trusts, offers you a range of benefits and features including:
Ability to keep track of your investment as we supply your Service Operator with:
Information about your investment in the Trust will be provided by your Service Operator. We will provide reports on the Trust to your Service Operator who may use these reports to provide you with their own regular reporting. Your Service Operator should be your first point of reference for any investor queries.
|
RISK LEVEL | Very High |
INVESTOR SUITABILITY | The Trust is geared and is suitable for investors seeking a broad exposure to the Australian equity market and who are prepared to accept higher variability of returns. |
Risks
Title | |
Detail |
Key Features
About the FundThe Trust invests in a share portfolio which is comprised of approximately 300 of the largest companies (shares) listed on the Australian Securities Exchange (ASX) managed on our behalf by Invesco Australia Ltd (Invesco). OnePath Funds Management manages the gearing for the Trust. This includes selecting appropriate lenders to provide the gearing for the Trust and managing the Trust's gearing ratio. Please refer to Section 5 of the PDS for more information about the Trust's investment approach. The investment processOnePath Funds Management implements the gearing for the Trust. The gearing ratio of the Trust will be managed to a benchmark gearing ratio of 50%. In the event that borrowing costs exceed dividend streams, the level of debt will be reduced to the extent required to cover the borrowing costs. Managing the gearing level of the TrustThe Trust aims to magnify returns through gearing. An important objective is to limit gearing to the level supported by expected dividends and borrowing costs. The aim is to set the gearing ratio from time to time so that income earned from the Trust covers interest payments. As a result, the gearing ratio is impacted by the relationship between dividend yields and average borrowing rates. For example, when interest rates are high, relative to dividend yields, the gearing ratio may be relatively low, and vice-versa. The Trust has a targeted gearing ratio of 50%. This means that for every $1 invested, the Trust borrows another $1 to increase the investment to $2. Due to market volatility, the gearing ratio and may be increased above, or reduced below, the targeted gearing ratio. |
Mandate
How we invest your moneyThe Trust invests in a share portfolio which is comprised of approximately 300 of the largest companies (shares) listed on the Australian Securities Exchange (ASX) managed on our behalf by Invesco Australia Ltd (Invesco). OnePath Funds Management manages the gearing for the Trust. This includes selecting appropriate lenders to provide the gearing for the Trust and managing the Trust's gearing ratio. Please refer to Section 5 of the PDS for more information about the Trust's investment approach. Asset allocation(Asset: Benchmark / Range)
|