Summary of Key Information
Chimaera Absolute Return
|Type of Investment||
The Chimaera Absolute Return strategy operates as an Individually Managed Account (IMA). This means an appointed manager will constantly assess and determine the investments to be made on your account in accordance with a particular exposure or strategy. The assets within the IMA are not pooled with those of other investors, enabling an individualised cost base to be calculated for tax purposes.
IMAs combine the benefits of securing professional money management with the flexibility, portability, controls and potential tax advantages of direct entitlements in respect of individual securities.
The Chimaera Absolute Return Folio is designed to provide strong and stable returns with lower volatility than broad equity market indices, offering investors high levels of liquidity and strong focus on capital preservation.
The Chimaera Absolute Return IMA combines a high proportion of cash and fixed income securities to anchor volatility, with risk adjusted opportunities from global fixed income and equity markets.
The Chimaera Absolute Return IMA uses a multi strategy approach. A focus on yield enhancement strategies combined with targeted allocations based on macro driven ideas are implemented using bonds, equities, ETF’s, and listed derivatives.
Investments are selected from Global markets, principally Australia, United States, United Kingdom, Singapore and Hong Kong, with a strong focus on risk adjusted returns.
|Responsible Entity Custodian||
Chimaera Capital Limited
Chimaera Private Limited
Fees and Costs
0.86% p.a. For full details of all fees and charges, refer to the Part 2 of the PDS.
Audit and Reporting Fee $240p.a. ($20 deducted monthly)
15% of the outperformance of the benchmark
Bloomberg Ausbond Bank Bill Index plus 2%
0.30% per transaction (listed securities only)
Quarterly if required
Online Access to stock holdings, transactions, activity statements, tax statements, and forms
An annual tax statement will be sent.