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  5. RFM Rural Funds Group - Managed fund profile

RFM Rural Funds Group - Managed Fund (Closed)

Fund Objective
Riverbank was established as a unit trust designed to own land and water assets in rural and regional Australia. Although these assets are of an agricultural nature, the income generated by Riverbank is dependant on lease payments rather than agricultural commodity cycles, offering unit holders a steady income and some capital growth from land and large scale water entitlements.
Fund Strategy
RiverBank is set to expand with the acquisition of the land, water, almond trees and irrigation infrastructure required by the RFM Almond Fund ARSN 117 859 391 (Almond Fund). RiverBank currently owns 1,000 modalities of high-security water entitlements on the Murray River. These entitlements are leased to a counter-party in South Australia under a 10-year agreement. RiverBank intends to acquire further water entitlements and/or land in the future, as and when suitable counterparties are identified.

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 2.31% -29.03% -29.39% -26.46% -15.56% -9.04% 1.39% -%
Growth return 2.31% -31.88% -32.22% -29.41% -19.14% -13.44% -3.2% -%
Income return 0% 2.85% 2.83% 2.95% 3.58% 4.4% 4.59% -%
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 31 Jan 2014. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

RFM Rural Funds Group
Cash
5.96%
Alternatives
94.04%
Australian Equities
0%
International Equities
0%
Property
0%
Fixed Interest
0%
Average Allocation of Peers
Cash
22.84%
Alternatives
26.26%
Australian Equities
5.55%
International Equities
8.97%
Property
1.84%
Fixed Interest
34.54%

General Information

Fund Details
Type Description
RFM Rural Funds Group
Closed
Rural Funds Management Limited
RFM0002AU
Miscellaneous
starstarstarstar (as at 31 Dec 2008)
Investment Fund
28 Feb 2005
$118.39 million (as at 31 Jan 2014)
$1.0127 (as at 31 Jan 2014)
$1.0127 (as at 31 Jan 2014)
Finalised
Offer information
Type Description
MER 2.45% (as at 30 Jun 2006)
Indirect Cost Ratio (ICR) 3.85% (as at 30 Jun 2013)
Performance fee (not included in ICR) 0
Minimum initial investment $10,000.00

FAQs about the RFM Rural Funds Group

The objective of the RFM Rural Funds Group managed fund is Riverbank was established as a unit trust designed to own land and water assets in rural and regional Australia. Although these assets are of an agricultural nature, the income generated by Riverbank is dependant on lease payments rather than agricultural commodity cycles, offering unit holders a steady income and some capital growth from land and large scale water entitlements.

The strategy of the RFM Rural Funds Group managed fund is RiverBank is set to expand with the acquisition of the land, water, almond trees and irrigation infrastructure required by the RFM Almond Fund ARSN 117 859 391 (Almond Fund). RiverBank currently owns 1,000 modalities of high-security water entitlements on the Murray River. These entitlements are leased to a counter-party in South Australia under a 10-year agreement. RiverBank intends to acquire further water entitlements and/or land in the future, as and when suitable counterparties are identified.

The APIR code of the RFM Rural Funds Group managed fund is RFM0002AU.

RFM Rural Funds Group’s total return last month was 2.31%. This was made up of a growth return of 2.31% and an income return of 0%. These returns were calculated as at 31 Jan 2014.

RFM Rural Funds Group’s total return for the last three months was -29.03%. This was made up of a growth return of -31.88% and an income return of 2.85%%. These returns were calculated as at 31 Jan 2014.

RFM Rural Funds Group’s one-year total return is -26.46%. This was made up of a growth return of -29.41% and an income return of 2.95%. These returns were calculated as at 31 Jan 2014.

RFM Rural Funds Group’s one-year total return is -9.04%. This was made up of a growth return of -13.44% and an income return of 4.4%. These returns were calculated as at 31 Jan 2014.

The asset allocation of the RFM Rural Funds Group managed fund is :

Cash
5.96%
Alternatives
94.04%
Australian Equities
0%
International Equities
0%
Property
0%
Fixed Interest
0%

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

The RFM Rural Funds Group managed fund belongs to the Miscellaneous sector/asset class.

As at 31 Jan 2014, the size of the RFM Rural Funds Group managed fund was $118.39 million.

The RFM Rural Funds Group managed fund has an inception date of 28 Feb 2005.

The current entry price of the RFM Rural Funds Group managed fund is $1.0127 per unit and the current exit price is $1.0127 per unit (as at 31 Jan 2014).

The current exit price of the RFM Rural Funds Group managed fund is $1.0127 per unit and the current entry price is $1.0127 per unit (as at 31 Jan 2014).

The minimum initial investment amount for the RFM Rural Funds Group 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.