Funds
Cash Management Fund (S&P AAAm Rated)
Investment Objective
To provide investors with a stable investment, regular income, ready access to their funds and competitive returns by investing in cash deposits and short-term money market securities.
Investment Strategy
To invest in high-quality short-term money market securities, issued or guaranteed by the Commonwealth Government or rated AAA, A-1+ or A-1 by rating agency Standard & Poor's.
The intention is to maintain asset quality/diversity of the portfolio in accordance with Standard & Poor's 'AAAm' asset quality guidelines.
United is pleased to confirm that in September 2008, Standard & Poor's reaffirmed its 'AAAm' rating on the United Cash Management Fund - the highest credit rating available to a cash management trust. The 'AAAm' rating on the United Cash management Fund indicates that the safety of the fund is excellent and that it has an extremely strong capacity to maintain principal value and limit exposure to loss.
Fund Features
| Inception date | 15 September 2003 |
|---|---|
| APIR code | PIM0002AU |
| Distribution frequency | Quarterly |
| Investment minimum | $100,000 |
| Minimum withdrawal | No minimum |
| Volatility / risk | Very low |
| Estimated management cost | 0.38% - 0.63% |
| Fees and charges | Other fund expenses: 0.10% |
| Regular Investment Plan | Not available in this product |
| Buy / sell spread | Nil |
| Products available through | The Portfolio Service, Spectrum Super, Macqurie Wrap and Austchoice Super |
Performance
UNITED CASH MANAGEMENT FUND | As at | Yield (% p.a) * | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Funds | |||||||||||
| United Cash Management Fund | 18/11/08 | 6.09 | |||||||||
Underlying Sector Managers
| Manager |
| Cash |
| United - Cash Management |
