Strategic Cash Plus Fund (IOOF)
About this Fund
|FUND MANAGER||IOOF Investment Services|
|ASSET CLASS||FIXED INTEREST|
|INVESTMENT STYLE||The Fund invests in a diversified portfolio of bank deposits and other interest-bearing investments.|
To provide investment income equivalent to the AusBond Bank Bill Index by investing in cash and short-term interest-bearing securities.
|CURRENCY MANAGEMENT||Active management|
|BENCHMARK||Bloomberg AusBond Bank Bill Index|
|FUND SIZE||Bloomberg AusBond Bank Bill Index|
|NO. OF HOLDINGS|
|FEES||0.25% p.a. of the net assets of the Fund|
Benefits of investing in the Strategic Cash Plus Fund (IOOF)
Investing in the Fund offers you a range of benefits, including:
The Fund is intended to be suitable for investors seeking a diversified portfolio of bank deposits and other interest-bearing investments.
About the Fund
The objective of the Fund is to provide investment income equivalent to the Bloomberg AusBond Bank Bill Index by investing in cash and short-term interest-bearing securities.
The Fund provides exposure to a diversified portfolio of bank deposits and short-term interest-bearing investments with an investment grade credit rating.
About IOOF Investment Services
IOOF Investment Services Ltd (IISL) is the Responsible Entity (RE) and investment manager of the Fund and is responsible for the management and administration of the Fund. IISL is also referred to as RE', we', us' and our' throughout this document.
IISL is part of the IOOF group. As one of the largest financial services groups in Australia, with over 170 years' experience in helping Australians secure their financial independence, the IOOF group provides services to more than 500,000 clients and has more than $142.7 billion in funds under management, advice and administration (as at 30 September 2019). The IOOF group consists of IOOF Holdings Ltd ABN 49 100 103 722 and its related bodies corporate, and is currently listed in the top 200 on the Australian Securities Exchange (ASX: IFL).
IISL is dedicated to managing the investment assets of the Fund. The responsibilities include establishing, implementing and monitoring the Fund's investment objectives and strategies.
From time to time IISL may appoint underlying investment managers to manage all or a portion of the Fund's assets. IISL has the discretion to change the underlying investment managers or add or remove underlying investment managers at any time. For details of the current underlying investment managers, please refer to the fund profile available at www.ioof.com.au
How we invest your money
The Fund invests in a diversified portfolio of bank deposits and other interest-bearing investments having an investment-grade credit rating.
The Fund has an objective of providing investment income equivalent to prevailing Australian cash rates, as measured by the AusBond Bank Bill Index.
The Fund invests principally in Australia but may invest in international assets.