TRUST BOND FUND CTF18

Transcription

1 TRUST BOND FUND CTF18 Facts & Update March 2012

2 TRUST BOND FUND CTF18 Fund objective The Trust Bond Fund CTF18 ( the Fund ) aims to provide investors with exposure to Australian fixed interest assets in order to provide an overall pre-fee return normally exceeding that available from cash management funds. The Fund seeks to achieve this while experiencing only minor fluctuations in capital value over time. The Fund is fully invested in the Permanent Bond Fund (PBF). Accordingly, where indicated information and data presented in this document is for the underlying PBF. Risk and return profile As investment returns will have a degree of capital variability, it is recommended that the Fund be viewed over at least a one year investment horizon. Present strategy The Permanent Bond Fund provides exposure to a diversified portfolio of fixed interest and floating rate interest investments, with a preference for short to medium term securities. Investments of the Fund include government and semi government bonds, high quality corporate bonds and debentures, bank term deposits, floating rate notes, mortgage and asset backed securities and other negotiable interest bearing securities. Key features Size as at 31 March 2012 Unit pricing frequency Annual management fee $ million Daily 0.72% inclusive of the net effect of GST ICR* Year ended 30/06/2011: 0.98% Distributions Quarterly usually within ten business days of the last business day of March, June, September and December * Previous ICRs are not a reliable measure of future fees to be paid or expenses to be incurred. Review Investment activity centred on the reinvestment of proceeds of securities which matured in the fund during the quarter. Investments were made in Fixed securities including Covered Bonds and Floating Rate securities issued by ANZ, NAB, WBC, HSBC, ING and Rabobank. The average term to maturity of the investments in the Fund was 2.6 years as at 31 March The Trust Company 2012

3 TRUST BOND FUND CTF18 Fund performance to 31 March 2012 TOTAL RETURNS 1 YEAR % 3 YEARS % P.A. 5 YEARS % P.A. Trust Bond Fund CTF Returns are net of fees and assume re-investment of gross income without deduction of income tax. Past performance is not a reliable indicator of future performance. Portfolio composition at 31 March 2012 S&P Credit Rating AAA 5.93% AA+ 9.69% AA 7.42% AA % A % A 18.20% Government and Semi Government 3.99% Bank 67.67% Corporate 21.93% Asset Backed 2.95% Cash 3.46% Unit prices at 31 March 2012* Application: $ Redemption: $1.303 * Cum Distribution A % BBB 2.96% Unrated 0.59% A2 4.69% Distribution history (c.p.u.) 3 months to 31/03/12 Income months to 31/12/11 Income months to 30/09/11 Income months to 30/06/11 Income Capital Past performance is not a reliable indicator of future performance. Facts & Update March

4 CONTACT US FOR FURTHER INFORMATION, PLEASE CONTACT: T E. W. NEW SOUTH WALES Sydney Level 15, 20 Bond Street Sydney NSW 2000 GPO Box 4270 Sydney NSW 2001 T F QUEENSLAND Brisbane St. Paul s Terrace Brisbane QLD 4000 GPO Box 441 Brisbane QLD 4001 T F WESTERN AUSTRALIA Perth Level 28 AMP Tower 140 St Georges Terrace Perth WA 6000 T F VICTORIA Melbourne Level 3, 530 Collins Street Melbourne VIC 3000 PO Box 361 Collins Street West VIC 8007 T F Townsville Level 4 Suncorp Metway Plaza Sturt Street Townsville QLD 4810 PO Box 990 Townsville QLD 4810 T F The Trust Company Limited ABN (The Trust Company) is the trustee of the Fund. The Fund is not a public offer fund. Investments in the Fund can only be made by estates and trusts for whom The Trust Company acts as executor or trustee. Important Note The information in this document is of a general nature only and should not be relied upon as it has been prepared without taking account of your objectives, financial situation or needs. It is not intended to constitute investment, legal or taxation advice as it is of a general nature only. Accordingly, before acting on the information you should consider its appropriateness having regard to your objectives, financial situation and needs. While the information is given by The Trust Company in good faith, it does not warrant that it is accurate, reliable, complete, free from error or omission. Subject to any terms implied by statute which cannot be excluded, The Trust Company and its Directors, employees and associates do not accept any responsibility for errors in, or omissions from the information. The information is only made available to Australian residents. Unless otherwise expressly indicated, copyright of the information in this document is owned by The Trust Company.

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