RFM Chicken Income - Managed Fund (Closed)

Fund Objective

The aim of the Chicken Income Fund (CIF) is to provide investors with competitive risk-adjusted returns, in the form of quarterly income payments, generated by contract chicken growing activities.

Fund Strategy

The CIF is one of the largest contract chicken growing operations in Australia, owning 110 chicken sheds on ten chicken farms in Griffith, NSW. The Fund purchased the farms from Bartter Enterprises Pty Ltd (Bartter's), and simultaneously entered into a 20-year broiler (chicken) growing contract with Bartter's. The grower contract compensates the CIF as if all assets are fully used for the period of the contract through a fixed grower payment with adjustments for performance and expenses.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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Fees Comparison

% p.a.

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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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	2.39%	2.71%	4.1%	15.31%	8.29%	7.42%	7.78%	8.95%
Growth return	-1.62%	-0.93%	0.04%	10.47%	1.65%	-1.34%	-2.65%	-1.77%
Income return	4.01%	3.64%	4.06%	4.84%	6.64%	8.76%	10.43%	10.72%
Market index (RBA Bank accepted Bills 90 Days)
Total return	0.37%	1.09%	2.19%	-%	4.08%	3.08%	1.93%	1.92%

As at 30 Nov 2013. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

RFM Chicken Income

Alternatives: 100%

Australian Equities: 0%

International Equities: 0%

Cash: 0%

Property: 0%

Fixed Interest: 0%

Average Allocation of Peers

Alternatives: 26.26%

Australian Equities: 5.55%

International Equities: 8.97%

Cash: 22.84%

Property: 1.84%

Fixed Interest: 34.54%

General Information

Fund Details

Type	Description
Fund Name	RFM Chicken Income
Fund Status	Closed
Responsible Entity	Rural Funds Management Limited
APIR Code	RFM0001AU
Sector/Asset Class	Miscellaneous
Morningstar Rating	(as at 31 Dec 2008)
Legal Structure	Investment Fund
Fund Inception	1 Feb 2002
Fund Size	$54.14 million (as at 30 Nov 2013)
Entry Price	n/a
Exit Price	$0.8283 (as at 31 Dec 2013)
Fund Status	Finalised

Offer information

Type	Description
Standard entry fee	3%
MER	2.09% (as at 30 Jun 2006)
Indirect Cost Ratio (ICR)	3.99% (as at 30 Jun 2013)
Performance fee (not included in ICR)	0
Minimum initial investment	$10,000.00

FAQs about the RFM Chicken Income

What is the objective of the RFM Chicken Income managed fund?

The objective of the RFM Chicken Income managed fund is The aim of the Chicken Income Fund (CIF) is to provide investors with competitive risk-adjusted returns, in the form of quarterly income payments, generated by contract chicken growing activities.

What is the strategy for the RFM Chicken Income managed fund?

The strategy of the RFM Chicken Income managed fund is The CIF is one of the largest contract chicken growing operations in Australia, owning 110 chicken sheds on ten chicken farms in Griffith, NSW. The Fund purchased the farms from Bartter Enterprises Pty Ltd (Bartter's), and simultaneously entered into a 20-year broiler (chicken) growing contract with Bartter's. The grower contract compensates the CIF as if all assets are fully used for the period of the contract through a fixed grower payment with adjustments for performance and expenses.

What is the APIR code of the RFM Chicken Income managed fund?

The APIR code of the RFM Chicken Income managed fund is RFM0001AU.

What was RFM Chicken Income’s total return last month?

RFM Chicken Income’s total return last month was 2.39%. This was made up of a growth return of -1.62% and an income return of 4.01%. These returns were calculated as at 30 Nov 2013.

What was RFM Chicken Income’s total return for the last three months?

RFM Chicken Income’s total return for the last three months was 2.71%. This was made up of a growth return of -0.93% and an income return of 3.64%%. These returns were calculated as at 30 Nov 2013.

What is RFM Chicken Income’s one-year total return?

RFM Chicken Income’s one-year total return is 15.31%. This was made up of a growth return of 10.47% and an income return of 4.84%. These returns were calculated as at 30 Nov 2013.

What is RFM Chicken Income’s three-year total return?

RFM Chicken Income’s one-year total return is 7.42%. This was made up of a growth return of -1.34% and an income return of 8.76%. These returns were calculated as at 30 Nov 2013.

What is the asset allocation of the RFM Chicken Income managed fund?

The asset allocation of the RFM Chicken Income managed fund is :

Alternatives: 100%

Australian Equities: 0%

International Equities: 0%

Cash: 0%

Property: 0%

Fixed Interest: 0%

Who is the responsible Entity of the RFM Chicken Income managed fund?

The Responsible Entity for the RFM Chicken Income managed fund is Rural Funds Management Limited.

What sector/asset class does the RFM Chicken Income managed fund belong to?

The RFM Chicken Income managed fund belongs to the Miscellaneous sector/asset class.

What is the size of the RFM Chicken Income managed fund?

As at 30 Nov 2013, the size of the RFM Chicken Income managed fund was $54.14 million.

What is the inception date of the RFM Chicken Income managed fund?

The RFM Chicken Income managed fund has an inception date of 1 Feb 2002.

What is the current entry price of the RFM Chicken Income managed fund?

The current entry price of the RFM Chicken Income managed fund is $ per unit and the current exit price is $0.8283 per unit (as at 31 Dec 2013).

What is the current exit price of the RFM Chicken Income managed fund?

The current exit price of the RFM Chicken Income managed fund is $0.8283 per unit and the current entry price is $ per unit (as at 31 Dec 2013).

What is the minimum investment amount for the RFM Chicken Income managed fund?

The minimum initial investment amount for the RFM Chicken Income managed fund is $10,000.

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.

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