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Australian Ethical Income - Managed Fund

Fund Objective
The Fund aims to exceed the return of the Bloomberg AusBond Bank Bill after taking into account management costs over a 1 year period.
Fund Strategy
The opportunity to invest in a diversified portfolio of interest-bearing investments generating income. The Fund is invested in short-dated deposits, high grade mortgage-backed securities, State and Commonwealth Government Bonds, and bank and other corporate bonds. As such, the returns of the Fund tend to move in line with the general level of interest rates.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.43% 1.21% 2.5% 5.14% 4.6% 3.18% 2.07% 1.86%
Growth return 0.43% 1.21% 0.11% -% 0.98% 0.66% 0.27% 0.11%
Income return 0% 0% 2.39% -% 3.62% 2.52% 1.8% 1.75%
As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Australian Ethical Income
Cash
7.15%
Fixed Interest
92.85%

General Information

Fund Details
Type Description
Australian Ethical Income
Australian Ethical Investment Ltd
starstarstar (as at 31 Oct 2024)
Unknown
1 Sep 1997
$1.35 million (as at 30 Sep 2024)
$1.0012 (as at 12 Nov 2024)
$1.0012 (as at 12 Nov 2024)
Open
Offer information
Type Description
MER 0.20% (as at 15 Sep 2023)
Indirect Cost Ratio (ICR) 0.20% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0
Minimum initial investment $1,000.00
Minimum redemption amount $500.00

Top 10 holdings (as at 30 Sep 2024)

Holding (as at 30 Sep 2024) Type % of Portfolio
Australia (Commonwealth of) 3.25% Bond - Gov't/Treasury 5.44%
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FAQs about the Australian Ethical Income

The objective of the Australian Ethical Income managed fund is The Fund aims to exceed the return of the Bloomberg AusBond Bank Bill after taking into account management costs over a 1 year period.

The strategy of the Australian Ethical Income managed fund is The opportunity to invest in a diversified portfolio of interest-bearing investments generating income. The Fund is invested in short-dated deposits, high grade mortgage-backed securities, State and Commonwealth Government Bonds, and bank and other corporate bonds. As such, the returns of the Fund tend to move in line with the general level of interest rates.

The APIR code of the Australian Ethical Income managed fund is .

Australian Ethical Income’s total return last month was 0.43%. This was made up of a growth return of 0.43% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

Australian Ethical Income’s total return for the last three months was 1.21%. This was made up of a growth return of 1.21% and an income return of 0%%. These returns were calculated as at 31 Oct 2024.

Australian Ethical Income’s one-year total return is 5.14%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Oct 2024.

Australian Ethical Income’s one-year total return is 3.18%. This was made up of a growth return of 0.66% and an income return of 2.52%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the Australian Ethical Income managed fund is :

Cash
7.15%
Fixed Interest
92.85%

The Responsible Entity for the Australian Ethical Income managed fund is Australian Ethical Investment Ltd.

As at 30 Sep 2024, the size of the Australian Ethical Income managed fund was $1.35 million.

The Australian Ethical Income managed fund has an inception date of 1 Sep 1997.

The current entry price of the Australian Ethical Income managed fund is $1.0012 per unit and the current exit price is $1.0012 per unit (as at 12 Nov 2024).

The current exit price of the Australian Ethical Income managed fund is $1.0012 per unit and the current entry price is $1.0012 per unit (as at 12 Nov 2024).

The minimum initial investment amount for the Australian Ethical Income managed fund is $1,000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.