ALEXANDER FIXED INCOME FUND
Update to AFIF Sell Spread
In response to the volatility in investment markets following the uncertainty surrounding COVID-19, as at June 5th we have adjusted the Sell Spread for AFIF to 0.50%. This increase reflects the cost of purchasing and selling assets in the current environment. Alexander Funds Management does not profit from these spreads. This will be monitored on a daily basis.
*Past Performance is not a reliable indicator of future performance.
** The Mid Price Return is for illustrative purposes only and does not reflect the actual return achieved if funds are redeemed.
Established in December 2018, AFIF aims to provide investors with a consistent income stream and stable unit price. AFIF can offer investors;
Reliability
The Fund holds a minimum of 75% Investment Grade Assets
Accessibility
Ability to invest in a diverse range of fixed income assets through a single investment
Value
The Alexander Fixed Income Fund offers a competitive management fee
AFIF at a glance:
Availability - Open
Investment Grade Allocation - Minimum 75% investment grade credit
Benchmark - Ausbond Bank Bill Index + 1%
Management Fee - 0.65% p.a.
Credit Duration - +5 years to -2 years
Interest Rate Duration - +2 years to -2 years
Minimum Application - $25,000
Distributions - Quarterly***
Applications/Redemptions - Daily
Current Buy/Sell Spread - +0.10% (Buy)/-0.50% (Sell)
*** Distributions are not guaranteed
If you'd like to know more about the Alexander Fixed Income Fund, please contact our office on 1300 138 401 or email