Thrive Cash Management Trust
Introduction
The Thrive Cash Management Trust offers clients the opportunity to place surplus cash in a portfolio comprised of cash and investment grade fixed income securities selected to generate a competitive income return.
Fund objective
The objective of the Thrive Cash Management Trust is to deliver an annualised income return superior to the Australia 3-month bank bill swap rate.
Portfolio allocation
The portfolio is to be comprised of cash and investment grade fixed income securities. The Fund Manager gives preference to fixed income securities with term-to-maturity less than 12-months.
Fund structure
Unlisted unit trust
Trustee
Providence Equity Holdings Pty Ltd ACN 612 005 928 AFSL 487419
Fund manager
Thrive Investment Management Pty Ltd ACN 612 005 928 CAR 1303223
Unit price
$1.00 per unit
Investment amount
$500,000 – The Trustee has the discretion to accept an application for adifferent investment amount.
Investment term
The minimum investment term is 6-months. Afterwards, withdrawal requests are accepted with 30-day notice.
The Fund Manager recommends an investment term of at least 12-months.
Management fee
0.325% p.a. of FUM plus cost recovery.
Distribution policy
Distributions will be made on a monthly basis net of fees and expenses.
Benefits and risks
- Upside
- Exposure to fixed income securities rated by independent credit ratings agency
- Target to outperform cash products offered by the Big-4 Banks
- Downside
- All investments carry risks and an investment in the Fund is not a bank deposit.
- Withdrawals cannot be made at call.
To deliver an income return superior to the Australia 3-month bank bill swap rate (3-BBSW).
Pursuant to the investment strategy of the Thrive Cash Management Trust, it is expected that Fund Assets will be comprised of interest-bearing deposits and fixed income securities.
Contact our team for a copy of the Information Memorandum and Application Form to apply.
Open for subscription
This investment product is available exclusively to wholesale and sophisticated investors.
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