Fund Profile: Clime Australian Income

Key Information

APIR codeCLA0002AU
StatusOpen
Asset classMultisector Moderate
Responsible EntityClime Asset Management Pty Ltd
Fund ManagerClime Asset Management Pty Ltd
Product typeRetail
Legal typeOpen end
Fund inception01 Jul 2015
Fund size$0.00
Entry / exit price (2019-07-31)$1.1440 / $1.1382
Minimum initial$200000
Distribution frequencyQuarterly

PDS Objective

The Fund's objective is to provide a level of income of 3% p.a. above the RBA cash rate and to grow capital in line with CPI. It seeks to deliver a strong risk-adjusted total return and is expected to have a level of total volatility of returns of less than half traditional equity indices.

What is this fund?

The Fund is an income fund which seeks an income stream above term deposits from a portfolio of Australian listed and unlisted securities, with a view to capital preservation.

What this rating means?

Superior: Suitable for inclusion on most APLs. The fund outperforms (or is likely to) its peers and benchmark the majority of the time. The fund most of the time has been operating within its mandate and PDS. There are very little to no corporate governance concerns. Management is of a very high calibre.

Fees

Management Fee % PA1.0300
ICR % PA
Entry / Exit %0.0000/
Switching %0.0000
Buy / Sell Spread 0.25% / 0.25%