eInvest Income Generator Fund (Managed Fund) (ASX:EIGA)

Objective

EIGA aims to provide you a regular, monthly income. We do this by aiming for a gross yield (adjusted for franking credits and after fees) above that provided by the S&P/ASX 300 Franking Credit Adjusted Daily Total Return Index (Tax-Exempt).

Investor Profile

EIGA is suited to investors who are seeking a greater level of income than that achieved by term deposits and are able to take full advantage of franking credits and share buybacks that the investments can provide.

Fund Benefits

• EIGA invests in listed Australian companies with growing dividend streams.
• EIGA is targeting a gross income yield of 7%p.a.* (comprising a 5% cash dividend yield and 2% franking credits).
• EIGA provides you consistent, monthly distributions.
• EIGA is an actively managed, well diversified portfolio of approximately 30-40 quality stocks.
• EIGA’s fundamental investment process is based on capital preservation and balance sheet strength.
• The Investment Manager, Perennial Value, has a long-term track record generating consistent income for clients based on their Shares for Income strategy.
• The ASX tradeable structure is easy, convenient and low cost.

*The distribution yield target is the gross yield based on the unit price at the start of the period, it is inclusive of franking credits. The income target comprises of a 5% cash dividend yield, paid monthly, and 2% franking credits, payable at year end. The final gross yield is not known until completion of each financial year. The distribution yield target is not guaranteed but is a target based on assumptions. Should these assumptions prove inaccurate this will change the final income outcome.