DDH Preferred Income Fund

The DDH Preferred Income Fund (Fund) is a unit trust designed to produce returns in excess of cash and traditional fixed income funds achieved by diversification across industry sectors and assets.  It aims to provide exposure to high yielding securities not included in traditional fixed income portfolios.

The Fund invests in:

  • Investment Grade securities;
  • Securities issued by APRA regulated entities; and
  • Investment Committee approved securities.

These assets are combined in a professionally managed diversified portfolio consisting of hybrid securities, corporate bonds, floating rate notes and other high yielding securities.

  • Fund Facts

    Inception Date25/10/2004
    APIR CodeDDH0001AU
    StatusOpen
    Investment ManagerGCI Australia
    Investment ObjectiveTo provide a higher yield than traditional cash management and fixed income investments in all market conditions. The total return will mainly comprise income from security distributions. Income will mainly be cash based with little or no franking credits.
    Investment Strategy The Funds 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 and industry exposure. The balance of the fund is a tactical component that seeks to enhance returns via investing in short term yield opportunities in the same fixed interest asset classes but especially those traded on the ASX.
    Risk/Return ProfileMedium
    Minimum Suggested Time Frame3 to 5 years or more
    Benchmark Asset Allocation
    Asset AllocationMinimum (%)Maximum (%)
    Australian Government and Semi Government Bonds (or ETFs representing)050
    Investment grade Corporate Senior Bonds, subordinated Corporate Bonds and hybrids, each either OTC or ASX listed2096
    Non - Investment grade Corporate Senior Bonds, subordinated Corporate Bonds and hybrids, each either OTC or ASX listed030
    Australian cash290
    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 PlanYes
    Minimum Switch$500 per Fund (subject to minimum balance requirement of $1,000 per Fund)
    Minimum Balance$1,000 per Fund
    Minimum Withdrawal $500 per Fund (subject to minimum balance requirement of $1,000 per Fund)
    Distributions
    Income distribution frequencyQuarterly
    Payment optionsDirect credit or reinvestment
    Fees and Costs
    Establishment feeNil
    Contribution feeNil
    Withdrawal feeNil
    Termination feeNil
    Management costs0.82% p.a.
    Buy / sell spreads +0.15%/-0.15%

    This is a summary of the key features of the DDH Preferred Income Fund. Please refer to the Product Disclosure Statement before making a decision about this product.

     

  • 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.

  • 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 25/10/2004.

  • 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.

  • Fund Forms

    Application FormApply to invest in a DDH Managed Fund
    Additional Application FormApply to invest additional funds in a DDH Managed Fund
    Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) ChecklistRequired for identification purposes when a new account is opened
    Authorised Representative FormAppoint an authorised representative for your account
    Change of Details FormChange your personal account details
    Regular Savings Plan FormSet up a regular savings plan
    Regular Savings Plan Variation FormTo modify or cancel a Regular Savings plan
    Switching FormSwitch your money between DDH Managed Funds
    Tax File Number Notification FormNotify us of your TFN
    Transfer FormTransfer funds
    Withdrawal FormWithdrawal Form