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  5. Russell Cash Enhanced Portfolio P - Managed fund profile

Russell Cash Enhanced Portfolio P - Managed Fund (Closed)

Fund Objective
To provide a total return, before costs and tax, higher than the Fund's benchmark over the short to medium term by providing exposure to a diversified portfolio of predominantly Australian dollar investment grade cash and cash equivalents.
Fund Strategy
The Fund invests predominantly in bank deposits, money market instruments (including but not limited to bank bills and certificates of deposit), corporate floating rate notes and asset backed and mortgage backed securities. Derivatives and fixed rate corporate debt may also be used. The Fund may be exposed to non-Australian dollar denominated cash and cash equivalent securities. Any foreign currency exposures will be largely hedged back to Australian dollars.

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 0.28% 0.56% 1.12% 2.18% 2.2% 2.05% 2.44% 3.49%
Growth return 0.28% 0.56% 1.12% 2.18% 2.2% 2.05% 2.44% 3.49%
Income return 0% 0% 0% 0% 0% 0% 0% 0%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.37% 1.12% 2.23% 4.45% 4.05% 2.94% 1.87% 1.92%
As at 31 Oct 2017. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Russell Cash Enhanced Portfolio P
Cash
10.23%
Fixed Interest
89.77%
Australian Equities
0%
International Equities
0%
Alternatives
0%
Average Allocation of Peers
Cash
26.17%
Fixed Interest
73.37%
Australian Equities
0.39%
International Equities
0.05%
Alternatives
0.03%

General Information

Fund Details
Type Description
Russell Cash Enhanced Portfolio P (Wholesale)
Closed
Russell Investment Management Limited
TRM0018AU
Australian Short Term Fixed Interest
starstarstarstarstar (as at 30 Nov 2016)
Allocated Pension
1 Jul 2007
n/a
$1.4348 (as at 30 Nov 2017)
$1.4334 (as at 30 Nov 2017)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) - Estimated 0.50% (as at 30 Apr 2014) (Estimated)
Minimum initial investment $50,000

FAQs about the Russell Cash Enhanced Portfolio P

The objective of the Russell Cash Enhanced Portfolio P managed fund is To provide a total return, before costs and tax, higher than the Fund's benchmark over the short to medium term by providing exposure to a diversified portfolio of predominantly Australian dollar investment grade cash and cash equivalents.

The strategy of the Russell Cash Enhanced Portfolio P managed fund is The Fund invests predominantly in bank deposits, money market instruments (including but not limited to bank bills and certificates of deposit), corporate floating rate notes and asset backed and mortgage backed securities. Derivatives and fixed rate corporate debt may also be used. The Fund may be exposed to non-Australian dollar denominated cash and cash equivalent securities. Any foreign currency exposures will be largely hedged back to Australian dollars.

The APIR code of the Russell Cash Enhanced Portfolio P managed fund is TRM0018AU.

Russell Cash Enhanced Portfolio P’s total return last month was 0.28%. This was made up of a growth return of 0.28% and an income return of 0%. These returns were calculated as at 31 Oct 2017.

Russell Cash Enhanced Portfolio P’s total return for the last three months was 0.56%. This was made up of a growth return of 0.56% and an income return of 0%%. These returns were calculated as at 31 Oct 2017.

Russell Cash Enhanced Portfolio P’s one-year total return is 2.18%. This was made up of a growth return of 2.18% and an income return of 0%. These returns were calculated as at 31 Oct 2017.

Russell Cash Enhanced Portfolio P’s one-year total return is 2.05%. This was made up of a growth return of 2.05% and an income return of 0%. These returns were calculated as at 31 Oct 2017.

The asset allocation of the Russell Cash Enhanced Portfolio P managed fund is :

Cash
10.23%
Fixed Interest
89.77%
Australian Equities
0%
International Equities
0%
Alternatives
0%

The Responsible Entity for the Russell Cash Enhanced Portfolio P managed fund is Russell Investment Management Limited.

The Russell Cash Enhanced Portfolio P managed fund belongs to the Australian Short Term Fixed Interest sector/asset class.

As at 30 Apr 2014, the size of the Russell Cash Enhanced Portfolio P managed fund was $ million.

The Russell Cash Enhanced Portfolio P managed fund has an inception date of 1 Jul 2007.

The current entry price of the Russell Cash Enhanced Portfolio P managed fund is $1.4348 per unit and the current exit price is $1.4334 per unit (as at 30 Nov 2017).

The current exit price of the Russell Cash Enhanced Portfolio P managed fund is $1.4334 per unit and the current entry price is $1.4348 per unit (as at 30 Nov 2017).

The minimum initial investment amount for the Russell Cash Enhanced Portfolio P managed fund is $50,000.

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.