Target Allocation to Renewables
It's been too hard to invest in renewables for too long.
High investment minimums and long lock-in periods means everyday Australians have struggled to access to renewable investment opportunities.
So we thought, what if we built a fund so anyone could easily invest in renewables? Australians could then bypass dirty politics and chip in to help get our nation to 100% renewable power.
Now, with the Future Renewables Fund, your savings can turbocharge Australia's clean energy revolution.
^ Target return is per annum, after fees and expenses and including distributions. Note that this is a target return only; it is not a projected return and it is not guaranteed.
The fund manager of the Future Renewables Fund ARSN 628 987 842 (Fund) is Future Super Services Pty Ltd (ABN 34 619 076 023, AFS Representative No.001255665), which is a Corporate Authorised Representative of Future Super Asset Management Limited (ABN 81 002 558 956, AFSL 238184) (Fund Manager). The Fund Manager is part of the Future Super Group (Future Super), and when we use words on this website like 'we', 'us' or 'our' it means Future Super.
The responsible entity for the Fund is One Managed Investment Funds Limited(ABN 47 117 400 987) (AFSL 297042) (Responsible Entity). The Responsible Entity is the issuer of the Fund's Product Disclosure Statement dated 8 March 2019 (PDS).
By investing in then Future Renewables Fund, you’re helping build new solar farms through both equity and debt financing.
We’re aiming to give investors complete transparency into all aspects of your investment, from exactly what is in your portfolio, to fees and more.
The following account types are available. Investors can have multiple accounts.
The target return of the Fund is 5.2% per annum after fees and expenses and including distributions.
The Fund Manager has a reasonable basis for setting the target return, however it is a ‘target’ only. It is not intended as a projection of likely future returns and is not a guarantee. The value of your investment can rise and fall. Please refer to the PDS for further information.
The Fund is intended to be a lower risk investment compared to growth-style investments such as those that invest only in shares, however the Fund has some specific risks associated with its investments in renewable energy. See Section 4 of the PDS for more information about these risks.
The Fund is higher risk compared to an investment into a transaction or savings account, such as those covered under the Australian Government Guarantee Scheme which guarantees deposits with Australian authorised deposit-taking institutions (ADIs). Investments in the Fund are not covered under the Australian Government Guarantee Scheme.
The below illustration is intended to indicate the risk and return profile of the Fund compared to some other types of investments.
To provide maximum transparency to investors, below is an indication of how we currently intend to invest the Fund portfolio, including the investments in underlying funds.
Note that this is indicative only and the actual list of investments (both that the Fund invests in, and the investments of underlying funds) will change over time.
RENEWABLES INVESTMENTS (TARGET OF 60%)
IIG Solar Asset Fund
Infradebt Ethical Infrastructure Debt Fund
OTHER ETHICAL INVESTMENTS
Infradebt Ethical Infrastructure Debt Fund
Fixed Interest Investments
When designing the Fund, we wanted to maximise the percentage of the portfolio that is invested directly in renewables, while also having enough liquidity in the Fund that investors can have the opportunity to withdraw. Following various modelling and scenario testing, we found around 60% non-liquid assets to be the best balance.
We’re aiming to provide a monthly opportunity for investors to withdraw. If there is a withdrawal offer made by the Responsible Entity you will be able to request to withdraw by accepting the offer by the time and closing date in the withdrawal offer. Approved redemption requests will be paid within 21 days of the closing date.
Below is a summary of fees and costs. More detail is provided in Section 5 of the PDS.
Establishment Fee: Nil
Contribution Fee: Nil
Withdrawal Fee: Nil
Exit Fee: Nil
Management Costs^: 0.99% per annum of Net Asset Value
^ Includes the Indirect Costs of any interposed investments
The Fund will usually distribute income, if any, at the end of the financial year. If you have elected to have your distribution paid to your nominated bank account, payment will usually be within 60 Business Days.
Note that if you withdraw part way through the year, you will still get the benefit of accrued returns as this is included in the Fund’s Unit Price.
Investments in the Fund are managed by the same, experienced team that manages over $300 million for over 10,000 Future Super members
ABOUT THIS WEBSITE
ABOUT THE FUTURE RENEWABLES FUND
The responsible entity for the Future Renewables Fund ARSN 628 987 842 (the Fund) is One Managed Investment Funds Limited (ABN 47 117 400 987) (AFSL 297 042) (Responsible Entity or OMIFL). The Responsible Entity is the issuer of the Fund's Product Disclosure Statement dated 8 March 2019 (PDS).
The fund manager of the Fund is Future Super Services Pty Ltd (ABN 34 619 076 023, AFS Representative No. 001255665), which is a Corporate Authorised Representative of True Oak Investments Ltd (ABN 81 002 558 956, AFSL 238184) (Fund Manager).
Fund unit prices are available here.
The information contained in this website was not prepared by OMIFL but was prepared by other parties. While OMIFL has no reason to believe that the information is inaccurate, the truth or accuracy of the information contained therein cannot be warranted or guaranteed. This website should be regarded as general information only and not financial advice. Any one reading this website must obtain and rely upon their own independent advice and inquiries, both OMIFL and the Fund Manager do not guarantee the performance of the Fund or the repayment of any investor’s capital. Investors should consider the PDS before making any decision regarding the Fund. The PDS contains important information about investing in the Fund and it is important investors obtain and read a copy of the PDS before making a decision about whether to acquire, continue to hold or dispose of units in the Fund.
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© 2019 Future Superannuation Group Pty Ltd