The Experts’ Choice Short Term Money Market Fund (the Fund) aims to provide a stable return on investment with a low level of capital loss over any timeframe. The Fund currently engages a single manager to manage the Fund’s investments, with exposure to Australian money market securities, including overnight cash and cash-like investments such as term deposits via a cash management trust.
Description of target market for this fund
This product is likely to be appropriate for a consumer seeking capital preservation and regular income to be used as a satellite/core holding within a portfolio where the consumer has a short to medium investment timeframe and a very low risk/return profile. The fund provides daily access to capital.
Withdrawals are allowed daily. Withdrawals are normally processed within 5 business days. The constitution allows for payments to be made within 30 calendar days.
The Fund may be suitable for a consumer with a conservative or very low risk profile, seeking to minimise potential losses (eg has the ability to bear up to 1 negative return over a 20-year period (SRM 1)) and is comfortable with a very low target return profile.
|Fund name||Experts' Choice Short-Term Money Market Fund|
|Investment objective||To provide low but stable returns over the short term with low risk of capital losses, which exceed the Fund's performance benchmark after costs and before tax.The benchmark for the fund is Bloomberg AusBond Bank Bill Index.|
|Investment approach||The Fund currently engages a single manager to manage investments. The Fund's exposure is to Australian money market securities, including overnight cash, cash-like investments such as term deposits and cash management trusts. The Fund invests in a diversified range of investment grade Australian money market securities, including cash-like investments with short term maturities such as prime bank bills, commercial paper and term deposits. The Fund may also invest in medium term securities including floating rate notes and asset backed securities. Where it is consistent with the Fund's investment objectives, the Fund may also invest in other financial products such as other managed funds and securities.|
|Minimum suggested timeframe||No minimum|
|Product inception date||07 Sep 1995|
|Risk level (1-7)||1. Very Low|
The Fund's risk level is based on the estimated number of negative annual returns for the Fund over any 20 year period and is not a complete assessment of the risks of investing in the Fund. For instance it does not detail what the size of a negative return could be or the potential for a positive return to be less than an investor may require to meet their objectives. Consequently, before choosing to invest or reinvest in the Fund, you should read the Fund's PDS and incorporated information and consider factors such as the likely investment return, the risks of investing and your investment time frame. Information about the methodology used for calculating the risk level is available here.
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Unit prices are provided for your information only and are not guaranteed. They are based on historical data and you should not rely on the above information as the basis for making any investment, financial or other decision as past unit prices are not a reliable indicator of future unit prices.
During the time it takes to process an application or redemption application, the unit price may vary and the actual unit prices applying to applications and redemptions may differ from those displayed in this section. Actual unit prices can be confirmed on receipt of a completed application or redemption form.
None of AMP Capital Funds Management Limited (ABN 15 159 557 72, AFSL 426455), AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497), National Mutual Funds Management Limited (ABN 32 006 787 720, AFSL 234652), or any company within the AMP Group makes any representation or warranty as to the reliability, completeness or accuracy of the unit price information or accepts any responsibility arising in any way (including by reason of negligence) for errors in or omissions from the unit price information.
The information in this section is not an offer or recommendation of securities or other financial products offered by the AMP Group and is not an invitation to take up securities or other financial products. Investors should consider the relevant PDS available from us for the relevant fund before making any decision regarding the product.
Important notes: Past performance
Past performance is not a reliable indicator of future performance.
Performance is annualised for periods greater than one year. Total returns are calculated using the unit price which uses the net asset values for the relevant month end. This price may differ from the actual unit price for an investor applying for or redeeming an investment. Actual unit prices will be confirmed following any transaction by an investor. Returns quoted are before tax, after fees and costs, and assume all distributions are reinvested.
ipac asset management limited (ABN 22 003 257 225, AFSL 234655) (ipac) is the responsible entity of the Experts’ Choice Short Term Money Market Fund ("the Fund") and the issuer of the units in the Fund. This information has been prepared by AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) (AMP Capital), which has been appointed to provide Fund-related services to ipac. To invest in the Fund, investors will need to obtain the current Product Disclosure Statement (PDS) from AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232 497) (AMP Capital). The PDS contains important information about investing in the Fund and it is important that investors read the PDS before making a decision about whether to acquire, or continue to hold or dispose of units in the Fund. Neither AMP Capital, AMPCFM nor any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this information. Past performance is not a reliable indicator of future performance. While every care has been taken in the preparation of this information, AMP Capital makes no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This content has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of this information, and seek professional advice, having regard to their objectives, financial situation and needs. This content is not intended for distribution or use in any jurisdiction where it would be contrary to applicable laws, regulations or directives and does not constitute a recommendation, offer, solicitation or invitation to invest. A target market determination has been made in respect of the Fund and is available at www.ampcapital.com/tmd.