GCI Australian Capital Stable Fund
The GCI Australian Capital Stable Fund (Fund) is a unit trust designed to provide income and capital stability and a high degree of liquidity in all market conditions. The target rate of return is the Bank Bill Swap Rate plus 1.5% p.a. before fees.
The Fund invests in:
- Australian Government and Semi Government Bonds;
- Investment Grade securities Corporate Senior Bonds; and
- Cash.
These assets are combined in a professionally managed diversified portfolio consisting of senior bonds issued by Australian Deposit Taking Institution or Governments.
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Fund Facts
| Inception Date | 16/11/2017 |
| APIR Code | DDH8305AU |
| Status | Open |
| Investment Manager | GCI Australia |
| Investment Objective | To provide income and capital stability and a high degree of liquidity in all market conditions. The total return will mainly comprise income from security income payments. The target rate of return is the Bank Bill Swap Rate plus 1.5% before fees. |
| Investment Strategy | The Fund’s investment strategy is to identify appropriate investments that are expected to generate a sufficiently high yield, commensurate with the assumed risk, with minimum volatility of returns. The Fund consists of a core portfolio constructed with reference to macroeconomic factors. |
| Risk/Return Profile | Low to medium |
| Minimum Suggested Time Frame | 1 year |
| Benchmark Asset Allocation |
| Asset Allocation | Minimum (%) | Maximum (%) |
| Australian Government and Semi Government Bonds | 0 | 100 |
| Investment grade Corporate Senior Bonds, subordinated Corporate Bonds | 0 | 100 |
| Non - Investment grade Corporate Senior Bonds, subordinated Corporate Bonds and hybrids, each either OTC or ASX listed | 0 | 0 |
| Australian cash | 0 | 100 |
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| Investment Requirements |
| Minimum Initial Investment | $2,000 (Lump Sum)
$500 (Regular Savings Plan) |
| Minimum Additional Investment | $500 per Fund (Lump Sum) or $100 per month per Fund (Regular Savings Plan) |
| Regular Savings Plan | Yes |
| Minimum Switch | $500 per Fund (subject to minimum balance requirement of $500 per Fund) |
| Minimum Balance | $500 per Fund |
| Minimum Withdrawal | $500 per Fund (subject to minimum balance requirement of $500 per Fund) |
| Distributions |
| Income distribution frequency | Quarterly |
| Payment options | Direct credit or reinvestment |
| Fees and Costs |
| Establishment fee | Nil |
| Contribution fee | Nil |
| Withdrawal fee | Nil |
| Termination fee | Nil |
| Management costs | 0.40% p.a. |
| Buy / sell spreads | +0.10%/-0.10% |
This is a summary of the key features of the GCI Australian Capital Stable Fund. Please refer to the Product Disclosure Statement before making a decision about this product.
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Unit Prices
Unit prices are usually calculated daily to reflect changes in accumulated income and market values. Each fund’s assets are revalued in accordance with its constitution. The prices shown below may differ from the actual unit price if you were applying for or redeeming an investment. Your actual unit price will be confirmed following any transactions on your investments.
Read our Unit Pricing Discretions Policy.
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Fund Performance
The above performance figures are net of ongoing fees and expenses and assume all income has been reinvested. They represent past performance and are not indicative of future returns.
*Inception Date is 16/11/2017.
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Distributions
Distributions are the profit earned by the fund which is then paid to investors. Distributions are expressed as cents per unit, for example, if a distribution of 3 cents was paid and you hold 1000 units you will be paid a distribution of $30 (1000 x $0.03). Distributions can include different types of income including; dividends, interest and realised capital gains.
The unit price of the fund will fall by a corresponding amount when distribution is paid.
To view the latest distributions for the DDH Managed Funds please click here.
Distribution tax components
To view the distribution component information for funds managed by DDH Graham Limited, please click here.
Please note that these distribution tax components provide general information only and do not take into account your individual taxation or financial objectives, situation or needs. You should not rely on this information for the purposes of completing your income tax returns.
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Fund Forms
