Investment Objective
To invest in Australian fixed interest securities including corporate bonds,
government
bonds and asset
backed
securities that provides investors with capital stability, income and returns in excess (after fees) of
the
benchmark index over the medium term (three to five years).
Why Invest in this Fund
For over 25 years, FIIG has been the leading independent fixed income specialists in
Australia.
The FIIG Australian Bond Fund is an actively managed, unit trust which utilises our proven duration and
credit
exposure investment strategies to pursue the dual goals of protecting investor capital and generating
performance in excess of the Bloomberg AusBond Composite 0+Yr Index* over rolling three year periods.
With the significant increase in yields and return opportunity in the bond asset
class the Fund provides investors the opportunity to obtain a diversified Australian Fixed Interest
investment:
- Actively managed by a team with 40 years of combined investment experience in fixed income markets
- Over the last eight years they have outperformed their relative index’s across four key product groups and
have maintained positive performance despite negative bond markets over the last five years
- Daily liquidity
- Daily online reporting
- Targeting a yield above 5.25%** pa
The Fund will comprise a highly diversified exposure to a portfolio of over 50
Australian Fixed Investment
Grade (IG) government and corporate debt securities.
* BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”)
**The yield target indicated for the fund is provided as an indicator based on the portfolio composition and does not guarantee actual yield.
Risks
An investment in the Fund is subject to general investment risks, credit risk,
capital
risk, regulatory and
business risk, concentration risk, subordinated debt risk, liquidity risk, volatility/market risk,
interest
rate risk, operational risks, inflation risk, as well as specific risks of investing in a managed fund. Before making an investment, you should read the Information Memorandum in full to understand these risks. The Information Memorandum is available by clicking here.
Refer to the Principal Risks on the Information Memorandum
Benchmark
Bloomberg AusBond Composite 0+Yr Index
The Bloomberg AusBond Index is the benchmark for Australian debt markets. The indices include 800+ bonds
with a total market value of AUD 1.15T. The Bloomberg AusBond Composite 0+Yr Index* measures
the broad
fixed-rate Australian debt market and is a composite of Treasury, Semi-Government, Supra/Sov, and
Corporate bonds.
BLOOMBERG® is a trademark and service mark of Bloomberg
Finance L.P.
and
its
affiliates (collectively "Bloomberg")
Performance
| Fund Name | 1 month | 3 months | 6 months | 1 year | Since inception |
|---|
| FIIG Australian Bond Fund | 3.21% |
|
|
| 1.34%
|
| Benchmark | 2.97% |
|
|
| 1.07%
|
| Excess return | 0.24% |
|
|
| 0.27%
|
Performance as at 30 Nov 2023. Total returns are calculated using the sell (exit) price, net of management fees, gross of tax, as if distributions of income have been reinvested at the actual distribution reinvestment price, the actual returns received
by an investor will depend on the timing, buy and exit price of individual transactions.
Figures showing a period of less than one year have not been adjusted to show an annual total return.
Return of capital and the performance of your investment in the fund are not guaranteed. Past performance is not a reliable indicator of future performance.
Distribution History
Distribution Frequency
The Fund aims to distribute income quarterly, for the quarters ending March, June, September and December.
| Date | Dividend Distribution ($/Share) | Cum-Distribution Price | Ex-Distribution Price |
|---|
| 31 December 2023 | - | - | - |
Below are responses to frequently asked questions for the FIIG Australian Bond Fund.
If you have any
additional questions, please contact us at funds@fiig.com.au or
contact your FIIG Relationship Manager.
If your query relates to your access or information available from the registry (including statements)
please contact our dedicated team at Boardroom using fiig@boardroomlimited.com.au or call them on 02 8023
5469.
1. How can I invest in the Fund?
Step 1: Your application in the Fund can be submitted through one of the following
methods:
- 1. Direct Online Application: Investors can invest in the Fund by applying
online on the
FIIG
Australian
Bond Fund online application form This form is hosted by Boardroom, the registry
provider for the Fund. This application process takes between 5 and 10 minutes, depending on the
account type.
- 2. Application through a FIIG Relationship Manager: If you prefer a
personalised service, contact
your FIIG Relationship Manager or the FIIG team at 1800 01 01 81 or email funds@fiig.com.au.
Step 2: After submitting your application, transfer your investment funds by BPAY or
EFT to the Fund
application bank account. You will receive an email from Boardroom that contains these details.
NOTE: This bank account is a trust account managed by the fund registry Boardroom.
Accordingly, the
account name Boardroom Pty Ltd may appear when you enter the payment details into your online banking.
Step 3: If you have any outstanding application documents such as AML documentation
(drivers licence,
passport or trust deed) or a wholesale investor certificate then you will need to provide these before
your application can be finalised.
Step 4: Once your funds and any outstanding documentation is received, you will be
issued units in
the Fund, and Boardroom will send you a welcome email including a holdings statement confirming your
investment. The daily cut-off is 2pm (AEDT) and funds received after this time will receive the next
unit price.
2. Who can invest in the Fund?
The Fund is currently only open to Wholesale Clients under the Corporations Act 2001, defined as:
- an investment into the Fund of at least $500,000; or
- a qualified accountant certifies that the person has net assets of at least $2.5 million; or
- a qualified accountant certifies that the person had a gross income for each of the last two
financial years of at least $250,000; or
- the client is a Professional Investor; or
- the client is a Sophisticated Investor.
3. Who is Boardroom?
Boardroom is the Unit Registry for the Fund and keeps a record of investors' investments in the Fund.
They maintain records of investors' units held, TFNs (if provided), bank account details and details
of distribution reinvestment plan participation. Boardroom is also responsible for performing services
such as application and redemption processing, distribution payments and providing statements
associated with these transactions.
4. How can I view my investment online?
Boardroom provides an investor portal called Investorserve to allow investors access to view the
value
of their investment and to view their statements.
Your welcome letter provides tailored instructions on how to register for an InvestorServe account.
Please refer to a generic version of these instructions below:
| Issuer | FIIG Securities Limited |
|---|
| Holding Type | Unit Trust |
| Reference Number | This is your unit holding number, starting with a 'U'. This number was included in your first
holding statement. |
| Name | The registered account name. This will depend on the entity in which you created your account.
For example, it will be the trustee name if your account is a SMSF or trust. You can also find
this in your first holding statement. |
| Postcode | This will need to match the postcode we have recorded on your account. |
| Country | Leave this blank as the system will recognise Australia as the default Country when a postcode
is entered. |
FIIG are currently developing an integration capability that allows investors to see the balance of
their Fund investment in the MYFIIG client portal. We are aiming to offer this integrated service by
early 2024.
5. How is the Fund structured and how does it operate?
The Fund is structured as a managed investment scheme (MIS). As an investor in this scheme, you buy
units in the scheme based on the amount you invest and the unit price on the day you invest. The value
of each unit in the Fund and correspondingly the value of an investor's investment is determined daily
considering the performance of the underlying assets of the Fund less the Fund management fee.
Some of the benefits of investing in a managed investment scheme (MIS) include:
- diversification of assets;
- professional management of the MIS; and
- access to investment opportunities that may not be available to individual investors.
This list is not exhaustive and you should consider the appropriateness of the product with regard to your objectives, financial situation and needs. Before acquiring the product you should
obtain the Information Memorandum and consider the offer statement before making any decision about
whether to acquire the product. You should consider seeking advice from an authorised financial
adviser before making an investment decision.
6. How much does it cost to invest in the Fund?
The Fund charges an annual investment management fee of 0.58% p.a. (inclusive of GST).
There are no application or exit fees charged by the Fund. However, there is a transaction fee known
as a buy/sell spread, which amounts to 0.10% when entering and 0.10% when exiting the Fund. It is
important to note that the buy/sell spread is not a fee paid to the Fund but will affect your
investment return and is reflected in the application (buy) and redemption (sell) unit prices.
The purpose of this transaction fee is to cover trading expenses such as brokerage fees when
investments are bought or sold in the Fund related to applications or redemptions. These fees ensure
that only the investors buying or selling units incur the expenses associated with buying or
selling any assets at a Fund Level.
7. How often does the Fund distribute?
The Fund distributes income quarterly, corresponding to the quarters ending March, June, September,
and December, provided there is distributable income available. Distribution payments occur in the
month following a distribution date.
Investors in the Fund can choose to have their income paid to an Australian bank account held in the
name of the account holder or to have this distribution reinvested into the Fund to purchase
additional units. Investors may elect to have income distributed on the initial fund application form.
However, this preference can be changed up to 7 days before a distribution date.
An annual tax statement is issued each August, which provides details of the components of the
distribution needed to complete an annual tax return.
8. How do I withdraw part or all of my investment?
The Fund is open to withdrawals on a daily basis. It is possible to withdraw a portion of your
investment, but you must maintain a minimum balance above $10,000. To initiate a withdrawal, simply
complete the withdrawal form and send this form to the registry for processing
(fiig@boardroomlimited.com.au). You can find this
form in the forms section of the Fund page.
Withdrawals will generally be paid to your nominated Bank Account within 5 Business Days.
Please be aware that there will be delays in the processing of withdrawals in the week following a
distribution period. These delays will not impact the unit price received for a withdrawal, however
they will increase the time in which an investor receives their withdrawal payment.
9. How do I complete tax for my investment in the Fund?
A tax statement is provided in August after the close of each financial year, which has all the
information needed to complete your tax return in respect to any income received from the Fund. You
will receive a tax statement for each fund you are invested in.
Investors also need to consider Capital Gains Tax (CGT) in periods they have sold or transferred
their investments. The calculation of CGT from the sale or transfer of assets in the Fund will need to
be calculated by a qualified accountant using information available from the statements you receive
from the fund registry.