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 August 19th we have adjusted the Sell Spread for AFIF to 0.25%. 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.
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)/-0.25% (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