Altius Sustainable Short Term Income Fund
The Fund aims to outperform (pre fees) the Bloomberg Ausbond Bank Bill Index plus 60 to 100 basis points per annum over rolling three year periods.
The Sustainable Short Term Income Fund offers daily liquidity and exposure to short-term money market and medium-term floating instruments that may improve returns and diversification.
The Fund also considers environmental, social and governance issues when selecting investments and aligns with Australian Unity’s values to create positive impact.
The Fund is likely to be appropriate for a consumer seeking capital preservation or income distribution to be used as a core or satellite component within a portfolio where the consumer has a medium to long investment timeframe, low risk/return profile and needs daily access to capital.
The significant features and benefits of the Fund are:
- Access to a portfolio of cash and short-term interest bearing securities;
- Daily liquidity;
- Managed by a team with an average of 30+ years of cash and portfolio management experience; and
- A Fund which considers environmental, social and governance issues.
The Fund aims to outperform the Bloomberg Ausbond Bank Bill Index after fees over the medium term.
The Fund invests in a combination of short-term money market instruments, medium and longer-term floating rate notes and fixed rate securities. These may include direct or indirect holdings of Government, bank, corporate, asset backed and other securities.
The Fund aims to maintain capital stability through limited exposure to interest rate movements and credit management. The investment manager may also use derivatives for portfolio positioning and for managing market risk.
In addition to satisfying our comprehensive investment process, securities considered for the Fund must satisfy criteria documented in our Cash and Fixed Interest Sustainability Policy (‘Sustainability Policy’) maintained by our Sustainability Advisory Committee (‘Committee’).
The Sustainability Policy contains principles which form the basis of a ‘sustainability screen’ to determine an investment universe of security issuers. The Committee has appointed an independent external research provider (‘Adviser’) to monitor and rank eligible security issuers.
In ranking security issuers, the Adviser considers factors including:
- environmental effects of the issuer;
- social consequences of their business; and
- quality of governance
The Adviser’s ranking forms the basis on which the Committee determines if a security may be included in the investible universe of the Fund.
Who should invest in the Fund?
This Fund is typically suited to investors who:
- require an exposure to short-term fixed income investments that offer relatively stable returns and regular monthly income;
- want a relatively high level of capital preservation;
- have at least a three-year investment timeframe for holding their investment; and
- are looking for a fund that considers Environmental, Social and Governance issues.
Click here for our Fund Performance.
The Australian Unity Sustainable Short Term Income Fund - Ordinary Units is issued by Australian Unity Funds Management Limited ABN 60 071 497 115, AFS Licence No. 234454. Units in the Sustainable Short Term Income Fund - Ordinary Units are issued by AUFM as Responsible Entity for the Fund. The information in this document is general information only and is not based on the objectives, financial situation or needs of any particular investor. In deciding whether to acquire, hold or dispose of the product, investors should obtain the current Product Disclosure Statement to consider whether the product is appropriate for them.
The Fund’s management costs may be negotiated for wholesale clients.
Altius Asset Management (‘Altius’), Australian Unity’s wholly owned cash and fixed interest business, is the investment manager of the Fund.
Altius takes a diversified approach to cash and fixed interest funds management, combining both credit and duration strategies, and seeks to optimise returns for investors throughout all market conditions.
Altius incorporates environmental, social and governance (‘ESG’) risk assessment for its corporate and financial investments as part of its credit research due diligence, as set out in its Responsible Investment Policy.
The commitment to ESG assessment is core to the Altius team and the majority of its offerings, including the Fund.
Bill is well-known and highly regarded as a 33 year veteran in fixed interest asset management.
Prior to co-founding Altius in 2011, Bill was with Aberdeen Asset Management where he was head of Australian fixed income and chief executive officer. He also has worked as head of fixed income for Schroder Investment Management and Deutsche Asset Management. In his many investment roles, Bill has built successful fixed income businesses by developing proven investment processes and assembling strong investment teams.
Bill’s career in investment and financial services began in 1984 with the Treasury Corporation of Victoria as a fixed income portfolio manager. He has a long working relationship with both Chris Dickman and Gavin Goodhand, formed over many years.
Bill holds a bachelor of economics from Monash University.
Chris has 29 years of experience in investments and financial services, with particular expertise in fixed interest.
Before co-founding Altius, Chris was with ANZ Bank as director of the funds management and public sector business.
Prior to this he worked as director, fixed income at Credit Suisse Australia and head of Australian institutional fixed income and money markets at Commonwealth Bank of Australia. He has also been fixed income dealer at Deutsche Bank Australia, and dealer and portfolio manager at National Australia Funds Management. He has particular experience in new issues in debt capital markets, and debt and derivatives sales.
He holds a Bachelor of Economics from La Trobe University in Victoria, is accredited by the Australian Financial Markets Association and is a member of the Institute of Company Directors.
Gavin has 26 years of experience in fixed income markets, and was most recently with QBE Asset Management’s fixed income team as senior portfolio manager.
Prior to this, he held roles at Aberdeen Asset Management and Deutsche Asset Management as a senior portfolio manager, responsible for credit and interest rate portfolio management.
Gavin first worked with Bill Bovingdon at Treasury Corporation of Victoria, managing cash and fixed income investments, and has also worked with him at Aberdeen and Deutsche. His other experience includes dealer/portfolio manager – short term investments at Axiom Funds Management.
Gavin holds a Master of Business in Finance from the University of Technology, Sydney.
Relevant Documents
You should read the PDS, TMD (if applicable) or any Investment Memorandum (or other offer documents) related to this product before making an investment decision. These documents (if available) can be found at https://www.altiusam.com/, or if this is a "wholesale investor only" investment, can be viewed by contacting the Product Issuer identified on the aforementioned website.
Statutory Statement
The issuer of this product is identified at the top of this page. The PDS and target market determination for the product are available in the Documents section of this listing. Prospective investors should consider the PDS before deciding to acquire the product. This product listing was vetted by and approved by the product issuer identified above before publishing. Investment Markets (Aust) Pty Ltd AFSL 527875 (IM) is not the issuer of the product.
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