Cash Funds

At Call Fund
Cash Management Fund
Select Term Fund

The term “Cash Funds” describes a type of Managed Fund that invests in short-term money-market type securities such as Bank Bills of Exchange, Government and Semi-Government bonds and other interest-bearing securities. The objectives of the Cash Funds are to provide a low risk investment together with a competitive return of income.

The At Call Fund and the Cash Management Fund are invested in short-term securities so investors have easy access to their money.

Currently the Select Term Fund invests 30% of the Fund assets in the Cash Management Fund and 70% of the Fund assets in the Long Term Fund (see Income Funds). This balance of assets generally allows the Select Term Fund to achieve a higher rate of return when compared with the other Cash Funds. However, investors in the Select Term Fund do not have the same level of access to their money and investment terms range from 3 to 6 months.

At Call Fund

• On demand withdrawals up to 5.00pm each business day
• Minimum investment of only $100
• Can be linked to a Bendigo and Adelaide Bank Limited transaction account with Cheque and/or Card Access and your Bendigo account can be topped up from your At Call Fund
• Interest calculated daily and paid quarterly
• Highly competitive rate of return
• Deposit any time via BPay
• Direct Credit Facility

Cash Management Fund

• 24 hrs notice of withdrawals up to 3.00pm each business day
• Minimum investment of $500
• Interest calculated daily and paid quarterly
• Highly competitive rate of return
• Deposit any time via BPay
• Direct Credit Facility

Select Term Fund

• You can select an investment term of between 3 and 6 months and rollover terms as needed
• Minimum investment of $500
• Generally a higher rate of return than the Cash Management and At Call Funds
  

 

Income Funds

Fixed Term Fund
Long Term Fund

Select Mortgage Fund

Income Plus Fund

An Income Fund is a managed fund whose goal is to provide an income from investments.

A managed fund is a form of collective investment that pools money from many investors and invests their money in stocks, bonds, short-term money market securities, and/or other securities such as Mortgages.  The objectives of the Income Funds are to provide a relatively low risk investment together with a competitive return of income.

Tasmanian Perpetual Trustees has four Funds (Select Term Fund, Fixed Term Fund, Long Term Fund and Select Mortgage Fund) invested in first Mortgages predominately over Tasmanian rural, commercial and residential real estate and also in short to medium term money market type securities and mortgage backed securities.  The Tasmanian Perpetual Trustees Income Plus Fund is predominately invested in high yield debt and fixed interest. (A separate brochure on this Fund is available from any branch or on our website.)

The Income Funds commenced in 1977 with the Fixed Term Fund being offered to the public for the first time. Tasmanian Perpetual Trustees has been helping investors and borrowers achieve their business and financial goals through the Income Funds for nearly 30 years – another real case of Tasmanians helping Tasmanians to achieve their goals.

Fixed Term Fund

Long Term Fund

• Initial term of 9 months and thereafter 7 days notice of withdrawal
• Minimum investment of $1,000
• No account keeping fees
• Interest calculated daily and paid quarterly
• Highly competitive rate of return
• Deposit any time via BPay
• Direct Credit Facility

Select Mortgage Fund

• Initial term of 12 months and thereafter 7 days notice of withdrawal
• Minimum investment of $25,000
• No account keeping fees
• Interest calculated daily and paid quarterly
• Deposit any time via BPay
• Direct Credit Facility
  

Income Plus Fund

• No establishment or contribution fees
• No termination fees
• Monthly distributions
• Minimum investment $1,000
• B-pay deposits
• Redemptions can be made in person, by fax or by phone
• Invests in the Mercer Income Plus Fund
• Diversification across asset classes and investment managers
• Facilitates access to a wholesale product via a retail platform
• Direct Credit Facility

Direct Credit Facility

For all Funds other than the Select Term Fund, additional monies can be invested via direct credit. To set up a direct credit to add to your investment contact your bank, credit union or building society, or use their website to make payments from your cheque or savings account.

Payments from credit cards are not accepted. For more information on direct crediting your account contact your financial institution.

You cannot make outward payments from your account(s) with Tasmanian Perpetual Trustees using the direct crediting facility.

Your account will generally be credited the next business day after the payment is initiated.

To use the direct crediting system you must have an open account with Tasmanian Perpetual Trustees. If your account is closed, your payment will be rejected. If your payment is rejected we will refund you in full.

You cannot use direct crediting to re-open a closed account.

There are no additional fees or charges for using direct crediting to add monies to your account.

BSB Code 037-812

The BSB and Account Number are on your quarterly statement. You will need this information when making a direct credit payment.

BPay

BPAY® is an electronic payment service offered by Australia's leading financial institutions as a core feature of internet and phone banking. It is a convenient, fast way to transfer money to your account with Tasmanian Perpetual Trustees.

For more information contact your nearest branch of Tasmanian Perpetual Trustees.

 

Contact us

• Quarterly Report - Fixed Term Fund
• Quarterly Report - Long Term Fund
• Quarterly Report - Select Mortgage Fund
• See our performance information against benchmark
• Download Cash & Income Funds Product Disclosure Statement
• Download Cash & Income Funds Brochure
• Download Select Mortgage Fund Product Disclosure Statement
• Download Funds Financial Reports 2008/2009
• See our Current Investment Rates