ActiveX Ardea Real Outcome Bond Fund (Managed Fund)
About this Fund
|FUND MANAGER||Ardea Investment Management|
|ASSET CLASS||ACTIVE EXCHANGE TRADED FUNDS|
|INVESTMENT STYLE||The Fund primarily invests across the most liquid segments of global fixed income markets.|
|INVESTMENT PROFILE||The Fund focuses on delivering consistent, stable returns in order to strictly limit performance volatility and prioritise capital preservation.|
|BENCHMARK||Consumer Price Index|
|FUND SIZE||Consumer Price Index|
|NO. OF HOLDINGS|
Benefits of investing in the ActiveX Ardea Real Outcome Bond Fund (Managed Fund)
Investing in the Fund offers investors a range of benefits including the following:
The benefits of using Active ETFs
About the Fund
The Fund is a managed fund which has been established as a separate class of units in the ActiveX Trust, a registered managed investment scheme. Investors in the Fund acquire units in that specific class of units and the assets of the Fund are held on trust for the investors in the specific class that relates to the Fund. The Fund is administered as a separate trust by Fidante Partners. The Fund's units trade on the AQUA market on the ASX. This means investors have the opportunity to buy or sell a diversified portfolio of assets in a single transaction.
The Fund is a class of units in the ActiveX Trust and gains its exposure by investing in the Ardea Real Outcome Fund (ARSN 158 996 699) (Underlying Fund) and cash.
The Fund is actively managed by Ardea, a specialist 'relative value' focused fixed income manager. The Fund is intended to be suitable for investors who are seeking some income, along with protection against inflation, and the potential for capital growth over the long term.
How we invest your money
The Fund primarily invests in high quality government bonds, related derivatives and cash equivalent investments, across the most liquid segments of global fixed income markets.
The Fund uses derivative instruments for risk management, as well as to improve the precision, efficiency and liquidity of implementing the Fund's relative value' investment strategies. Derivatives are also used for hedging foreign currency exposure and the Fund is permitted to enter into repurchase agreements. Any proceeds from repurchase agreements may be invested in cash or cash equivalent securities.
Portfolio construction aims to control performance volatility and minimise exposure to varying market conditions, including extreme adverse scenarios. This is done by prioritising risk diversification and risk balance. The former, by intentionally diversifying risk across many modestly sized and independent investment strategies to mitigate the risk of a single strategy overwhelming the portfolio. The latter, by intentionally including a mix of different strategy types that can perform well in different scenarios, including larger allocations to strategies that outperform in adverse market environments. Ardea believes this approach delivers more stable returns, with lower risk, compared to portfolios with large directional positions that can overwhelm a fund's risk/return profile.
The Fund's net derivative value will not exceed 10% of the net asset value (NAV) of the Fund.
Strategic asset allocation ranges
(Asset class / Min % / Max %)
Ardea aims to hedge all foreign currency exposure back to the Australian dollar, as practicable.