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Cash Management Trust
The Cash Management Trust (the Fund) invests in short-term money market type securities which include government guaranteed and bank backed securities, and promissory notes issued by "blue chip" corporations.
Provide a secure investment which combines attractive short term income returns and ready access to funds.
Who should invest in this fund |
This Fund is suited to investors who seek :
a low risk and capital secure investment
attractive short term income returns
no entry or exit fees
ready access to funds
the availability of a Regular Savings Plan
Product information update-effective 1 May 2007 |
Management Expense Ratio (MER)
Historical MERs provide an indication of the indirect fees and costs incurred by investors of the Fund to date. Expressed as a percentage of the net asset value of the Fund, the MER includes all management fees deducted from the Fund, and all other relevant Fund fees and expenses but not transaction costs such as brokerage. Listed below are the historical MERs for the Fund.
Due to a change in the law, from 1 July 2006 management or investment costs are no longer to be expressed as MERs, but are calculated to include the total indirect fees and costs incurred by investors and deducted from the Fund prior to the unit price being calculated. This new fee measure is called an Indirect Cost Ratio (ICR) and may be the same figure as the MER, however, this may not always be the case. The ICR will be used to calculate ‘other management costs’ which will be displayed on your annual statement for the statement period commencing on or after 1 July 2006.
At the date of this PDS, the statement period for which the ICR fee measure is required to be applied has not yet ended and, therefore, an ICR figure for that period is not yet available. More information regarding the ICR figure can be obtained online at www.axa.com.au/statements.
 | Unit Price | 22/08/08 | Entry Price | 1.0000 | Exit Price | 1.0000 |  |
This product summary is only provided for information purposes. It does not contain investment recommendation nor provides investment advice. Professional investment advice can help you determine your tolerance to risk as well as your need to attain a particular return on your investment. We strongly encourage you to obtain detailed professional advice and to read the relevant offer document in full before making an investment decision. Units in the fund will only be issued upon receipt of an application form accompanying a current disclosure document.
The information is provided for persons in Australia only and is not provided for the use of any person who is in any other country. | |
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