The Enhanced Income Fund is a medium risk find which suits the short to medium investment needs of Anglican affiliated organisations who;
- Wish to have an income focussed investment and access to funds for short to medium term liquidity requirements
- Invest in a portfolio of cash, cash style investments and other financial assets with returns “enhanced” by participation in the Fund which holds a portfolio of investments designed to outperform the investment benchmark
- Invest ethically
The Fund invests as per the investment policy of the fund which allows the following asset classes;
- Australian Stock Exchange listed securities, unlisted Over The Counter (OTC) securities such as bonds subordinated notes and interest rate securities
- Term Deposits and Short-Term Securities
- Cash
- Unit Trusts which invest in the above securities
Key Features
Minimum Investment | $25,000 |
Income Distribution | Calculated Quarterly |
Investment Benchmark Return | Australian 90-day bank bill Index (SBCBB) plus a margin of 150 basis points |
Suggested Investment Term | 1-3 years |
Unit Pricing | Weekly |
Buy Sell spread | 0.10% |
Important Information: AFSA is a charitable investment fundraiser whose activities meet the requirements of ASIC Corporations (Charitable Investment Fundraisers) Instrument 2016/813 (the ASIC Instrument). The ASIC Instrument provides exemption from various fundraising, managed investment and licensing provisions of the Corporations Act 2001 for qualifying charitable investment fundraisers. Neither AFSA, the Synod itself, nor its products, nor promotional material and offer documents have been examined or approved by ASIC. By issuing interests in the Fund, the Synod promotes the charitable purposes of the Anglican Church in the Diocese of Adelaide by providing an income stream directly to missional activities, while providing governance and stewardship of Church capital. Investment in the Fund is only intended to attract investors whose primary purpose is to support the charitable purposes of the Anglican Church in the Diocese of Adelaide. The Synod is required by law to notify investors: that its products and their offering are not subject to the usual protections for investors under the Corporations Act or regulation by ASIC; investors may be unable to get some or all of their money back when the investor expects, or at all; and the investment is not comparable to investments with banks, finance companies or fund managers. The Fund is not prudentially supervised by the Australian Prudential Regulation Authority therefore, an investor in the Fund will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959. The Identification Statement lodged and accepted by ASIC may be viewed on the AFSA website.