Sandhurst Cash Common Fund
Fund overview
The objective of the Sandhurst Cash Common Fund (Fund) is to offer investors a professional money market style investment with the combination of competitive interest rates (when compared to traditional “at call” style bank accounts), regular income, capital stability and easy access to funds.
Investment Strategy
Sandhurst aims to achieve the investment objective of the Fund by investing in a range of investment grade readily negotiable bank backed securities or bank deposits. The short-dated securities that form the investment portfolio are selected based on analysis of credit worthiness and value.
Sandhurst continually monitors the Fund portfolio's and manages them according to changing economic conditions based on our long term experience. The authorised investments of the Fund currently include the following investment classes:
- A bank accepted or bank endorsed bill of exchange which at the time of acquisition has a maturity date of not more than 200 days
- A certificate of deposit issued by a bank whether negotiable, convertible or otherwise
- A deposit or term deposit with a bank
Features
| Operation | Passbook or statement issued quarterly |
| Minimum initial investment | $2,000 by cheque or direct credit only |
| Minimum holding | $2,000 |
| Income distributions | Calculated 1 January, 1 April, 1 July and 1 October on your daily investment balance and paid quarterly within 7 days of the calculation dates |
| Income payment options | The choice of:
|
| Rate | 3.45% p.a. (effective from 8 May 2012 and subject to change) Previous returns |
| Withdrawals | Funds generally available at call |
| Additional investments | Any amount, cheque or direct credit only |
| Direct credits | Yes |
| Direct debits | Yes |
| E-banking | Yes. Members can access Bendigo’s e-banking services including:
Please contact 1300 BENDIGO (1300 236 344) to apply for e-banking services. Approval is subject to Bendigo Bank’s discretion. |
Why choose the Sandhurst Cash Common Fund?
- Capital security as a result of the Fund investing in fixed interest and cash
- An opportunity to balance a portfolio of longer term investments or offset less liquid investments
- Competitive management fee, which means more of your money is working for you
- Personal cheque facility (optional on statement accounts only)
Fees on your account
- No account keeping fees
- No entry or exit fees
- No fees for additional deposits
- Withdrawal fee of $0.40 for each withdrawal using the personal cheque facility
- Indirect Cost Ratio* as at 31 March 2012 is 1.01% p.a.
® Registered to BPAY Pty Ltd ABN 69 079 137 518
*Indirect Cost Ratio (ICR) is calculated using the net asset value of the Fund inclusive of GST.
The ICR includes management fees and certain other expenses. Refer to the Product Disclosure Statement for further information on fees and costs.
