The Aura Core Income Fund will soon be available to retail investors with a minimum of $25,000 to invest. The Fund aims to achieve a target return of 3.5%-5.5% per annum above the Reserve Bank of Australia (RBA) Cash Rate, net of fees and costs. Currently equating to a target return of 5.85%–7.85% per annum. The Target Net Return and income distributions are not guaranteed and vary based on the official RBA cash rate during the year.
A Product Disclosure Statement and Target Market Determination are now available.
Please visit the fund's web page: Aura Core Income Fund
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Disclosure: This information is provided by Montgomery Investment Management Pty Ltd (ACN 139 161 701 | AFSL 354564) (Montgomery) as authorised distributor of the Fund. As authorised distributor, Montgomery is entitled to earn distribution fees paid by the investment manager and, subject to certain conditions being met, may be issued equity in the investment manager or entities associated with the investment manager.
Any financial product advice given is of a general nature only. The information has been provided without taking into account the investment objectives, financial situation or needs of any particular investor. Therefore, before acting on the information contained in this report you should seek professional advice and consider whether the information is appropriate in light of your objectives, financial situation and needs.
The Fund will be issued by One Managed Investment Funds Limited (ACN 117 400 987 | AFSL 297042) (OMIFL) as responsible entity for the Fund. Aura Credit Holdings Pty Ltd (ACN 656 261 200) (ACH) will be the investment manager of the Fund and operates as a Corporate Authorised Representative (CAR 1297296) of Aura Capital Pty Ltd (ACN 143 700 887 | AFSL 366230).
You should obtain and carefully consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the Fund before making any decision about whether to acquire, or continue to hold, an interest in the Fund. Applications for units in the Fund can only be made through a valid paper or online application form accompanying the PDS. A copy of the PDS and TMD is expected to be issued on or around 1 August 2022. The PDS, TMD, continuous disclosure notices and relevant application form may be obtained from OMIFL or from Montgomery.
Montgomery, ACH and OMIFL do not guarantee the performance of the Fund, the repayment of any capital or any rate of return. Investing in any financial product is subject to investment risk including possible loss. Past performance is not a reliable indicator of future performance. Information in this report may be based on information provided by third parties that may not have been verified.