The BlackRock Professional Investor Funds provide access to a range of investment vehicles addressing different investment objectives, be it regular monthly income or capital growth or a mixture of the two, with varying risk/return profiles.
Shortcuts to more information about the Funds
| Asset Allocation Alpha Fund - Class C | Aims to maximise total returns by implementing a diverse range of global tactical asset allocation strategies within a flexible but disciplined risk management framework. |
| Combined Property Income Fund (Aust) - Class C | Aims to deliver a combination of income and capital growth over the medium to long-term by investing in a portfolio of direct property, listed property and unlisted property securities through funds managed by BlackRock. |
| Direct Property Fund (Aust) - Class C |
Aims to provide investors with exposure to a diversified portfolio of direct and unlisted property investments.
|
| Global Allocation Fund (Aust) - Class C | Seeks to maximise total investment return over the long term by actively investing in global equities, fixed interest and cash. |
| International Gold Fund - Class C | Aims to maximise capital growth over the medium to long term by investing primarily in gold mining shares throughout the world (including Australia). |
| Monthly Income Fund - Class C |
Seeks to generate a monthly income significantly in excess of that available from short-term money market securities and cash rates.
|
| Professional Investor Managed Income Fund |
Seeks to provide a regular monthly income and some capital growth.
|
| Professional Investor Balanced Fund |
A diversified portfolio offering a balance between capital growth and a moderate level of income.
|
| Professional Investor Australian Share Fund |
Capital growth through investment in Australian shares and other securities and to provide investors with some tax-effective income through the distribution of franked dividends.
|
| Professional Investor Global High Conviction Fund |
Capital growth over the medium to long-term by investing in a portfolio of international shares.
|
| Global High Conviction Fund - Unhedged - Class C | Seeks to maximise capital growth over the medium to long term by investing in a select portfolio of international shares. |
| Global High Conviction Fund - Hedged - Class C |
Seeks to (in addition to the objective of the Global High Conviction Fund) reduce the impact on the Fund of foreign currency movements relative to the Australian dollar by implementing a passive currency hedging overlay.
|
| Global Small Cap Fund - Class C |
Maximise capital growth through exposure to a globally diversified portfolio of shares of quality small and mid-capitalisation companies listed on international stock exchanges.
|
| Hedged Global Small Cap Fund - Class C |
Seeks to (in addition to the objective of the Global Small Cap Fund) reduce the impact on the Fund of foreign currency movements relative to the Australian dollar by implementing a passive currency hedging overlay.
|
Asset Allocation Alpha Fund (Class C)
Targets a return of 12 percentage points above the UBS Australia Bank Bill Index over rolling 3 year periods, gross of fees by implementing a diverse range of global tactical asset allocation strategies.
Risk* – capable of significant price fluctuations
Download Product Disclosure Statement
| As at 28 April 2008 | |
|---|---|
| Launch date | April 2008 |
| Minimum initial investment |
$5,000
|
| Minimum subsequent investment |
No Limit
|
| Income distributions |
June, December
|
| Contribution fee # | 4% |
| Withdrawal fee | Nil |
| Buy-sell spread on entry and exit | 0.10% |
| Management fee ## | 1.40% |
| Performance fee | 20% of any outperformance above the benchmark^ |
| Adviser Service Commission^^ |
Max 0.44%
|
|
Switching permitted**
|
Yes |
* See pages 7 and 8 of the BlackRock Asset Allocation Alpha Fund (Class C Units) Product Disclosure Statement for further discussion on the risks associated with investing in this Fund.
# This fee is deducted as a percentage of the amount you invest. If a licensed financial adviser is assisting you, this fee may be paid to your financial adviser as commission. This amount is negotiable with your adviser.
## The Management fee is an ongoing fee for managing the Fund, calculated and accrued daily and paid to us monthly. This fee is the estimated cost to the Fund of the GST inclusive management fee taking into account reduced input tax credits in respect of the GST component of the fee.
^UBS Australia Bank Bill Index
^^ This fee is paid to your investment adviser at the end of each month out of the management fee. It is not an additional fee charged. The commission is based on the value of your retained investment in the Fund.
** You can switch all or part of your investment between Funds in the Professional Investor Funds range subject to minimum investment requirements.
For further information, please refer to the BlackRock Asset Allocation Alpha Fund (Class C units) Product Disclosure Statement.
Combined Property Income Fund (Aust) - Class C
Aims to deliver a combination of income and capital growth over the medium to long-term by investing in a portfolio of direct property, listed and unlisted property securities through funds managed by BlackRock.
Indicative time horizon is five years or more.
Risk* – capable of significant price fluctuations
| As at 28 April 2008 | |
|---|---|
| Launch date | September 2003 |
| Minimum initial investment | $5,000 |
| Minimum subsequent investment |
No Limit
|
| Income distributions |
March, June, September, December
|
| Contribution fee# | 4% |
| Withdrawal fee | Nil |
| Buy-sell spread on entry and exit |
Entry 1.50%
Exit 0.13% |
| Management fee^ |
1.60%
|
| Adviser Service Commision (inc GST)^^ |
Max 0.44%
|
| Switching permitted## | Yes |
# This fee is deducted as a percentage of the amount you invest. If a licensed financial adviser is assisting you, this fee may be paid to your financial adviser as commission. This amount is negotiable with your adviser.
^ The Management fee is an ongoing fee for managing the Fund, calculated and accrued daily and paid to us monthly. This fee is the estimated cost to the Fund of the GST inclusive management fee taking into account reduced input tax credits in respect of the GST component of the fee.
^^ This fee is paid to your investment adviser at the end of each month out of the management fee. It is not an additional fee charged. The commission is based on the value of your retained investment in the Fund.
## You can switch all or part of your investment between Funds in the Professional Investor Funds range subject to minimum investment requirements.
Direct Property Fund (Aust) - Class C
Aims to provide investors with exposure to a diversified portfolio of direct and unlisted property investments.
Indicative time horizon is five years or more.
Risk* – capable of significant price fluctuations
| As at 28 April 2008 | |
|---|---|
| Launch date | June 2006 |
| Minimum initial investment |
$5,000
|
| Minimum subsequent investment | No limit |
| Income distributions | March, June, September, December |
| Contribution fee# | 4% |
| Withdrawal fee | Nil |
| Buy-sell spread on entry only |
2.75%
|
| Management fee^ |
1.45%
|
| Adviser Service Commission (inc GST)^^ |
Max 0.44%
|
| Switching permitted## | Yes |
# This fee is deducted as a percentage of the amount you invest. If a licensed financial adviser is assisting you, this fee may be paid to your financial adviser as commission. This amount is negotiable with your adviser.
^ The Management fee is an ongoing fee for managing the Fund, calculated and accrued daily and paid to us monthly. This fee is the estimated cost to the Fund of the GST inclusive management fee taking into account input tax credits in respect of the GST component of the fee.
^^ This fee is paid to your investment adviser at the end of each month out of the management fee. It is not an additional fee charged. The commission is based on the value of your retained investment in the Fund.
## You can switch all or part of your investment between Funds in the Professional Investor Funds range subject to minimum investment requirements.
Global Allocation Fund (Aust) - Class C
The Fund seeks to maximise total investment return over the long term by actively investing in global equities, fixed interest and cash.
Risk* – Capable of significant price fluctuations
Download Product Disclosure Statement
| As at 28 April 2008 | |
|---|---|
| Launch date | May 2006 |
| Minimum initial investment |
$5,000
|
| Minimum subsequent investment | No Limit |
| Income distributions | June, December |
| Contribution fee^ | 4% |
| Withdrawal fee | Nil |
| Buy-sell spread on entry and exit |
0.30%
|
| Management fee** |
0.60%
|
| Performance fee |
12.5% of any out-performance from previous high water mark
|
| Adviser Service Commission (inc GST)^^ |
Max 0.44%
|
| Switching permitted## | Yes |
* See pages 7 to 9 of the BlackRock Global Allocation Fund (Aust) (Class C units) Product Disclosure Statement for further discussion on the risks associated with investing in this Fund.
^ This fee is deducted as a percentage of the amount you invest. If a licensed financial adviser is assisting you, this fee may be paid to your financial adviser as commission. This amount is negotiable with your adviser.
** The Management fee is an ongoing fee for managing the Fund, calculated and accrued daily and paid to us monthly. This fee is the estimated cost to the Fund of the GST inclusive management fee taking into account input tax credits in respect of the GST component of the fee.
^^ This fee is paid to your investment adviser at the end of each month out of the management fee. It is not an additional fee charged. The commission is based on the value of your retained investment in the Fund.
## You can switch all or part of your investment between Funds in the Professional Investor Funds range subject to minimum investment requirements.
International Gold Fund - Class C
The primary aim of the Fund is to maximise capital growth over the medium to long term by investing primarily in gold mining shares throughout the world (including Australia).
Risk* – Capable of significant price fluctuations.
Download Product Disclosure Statement
| As at 28 April 2008 | |
|---|---|
| Launch date | June 2005 |
| Minimum initial investment |
$5,000
|
| Minimum subsequent investment | No Limit |
| Income distributions | June, December |
| Contribution fee# | 4% |
| Withdrawal fee | Nil |
| Buy-sell spread on entry and exit |
0.35%
|
| Management fee |
2.25%
|
| Adviser Service Commission (inc GST)^^ |
1.00%
|
| Switching permitted## | Yes |
* See pages 6 and 7 of the BlackRock International Gold Fund (Class C units) Product Disclosure Statement for further discussion on the risks associated with investing in this Fund.
# If a licensed financial adviser is assisting you, this fee will be paid to your financial adviser as an Upfront Adviser Commission. However you can negotiate this fee with your adviser.
^^ If a licensed financial adviser has assisted you, this fee will be paid to your financial adviser on an ongoing basis.
## You can switch all or part of your investment between Funds in the Professional Investor Funds range subject to minimum investment requirements.
Monthly Income Fund - Class C
The Fund seeks to generate a monthly income significantly in excess of that available from short-term money market securities and cash rates. The Fund aims to achieve a total return of 1.70% p.a. in excess of the UBS Australia Bank Bill Index before fees over the medium term (3 years).
Risk* – Low volatility may be experienced
Download Product Disclosure Statement
| As at 28 April 2008 | |
|---|---|
| Launch date | October 2004 |
| Minimum initial investment |
$5,000
|
| Minimum subsequent investment | No Limit |
| Income distributions | Monthly |
| Contribution fee# | 4% |
| Withdrawal fee | Nil |
| Buy-sell spread on exit |
0.20%
|
| Management fee^ |
0.75%
|
| Adviser Service Commission (inc GST)^^ |
Max 0.2%
|
| Switching permitted## | Yes |
* See pages 6 and 7 of the BlackRock Monthly Income Fund (Class C units) Product Disclosure Statement for further discussion on the risks associated with investing in this Fund.
# If a licensed financial adviser is assisting you, this fee will be paid to your financial adviser as an Upfront Adviser Commission. However you can negotiate this fee with your adviser.
^ The Management fee is the estimated cost to the fund of the GST inclusive management fee taking into account reduced input tax credits in respect of the GST component of the fee.
^^ If a licensed financial adviser has assisted you, this fee will be paid to your financial adviser on an ongoing basis.
## You can switch all or part of your investment between Funds in the Professional Investor Funds range subject to minimum investment requirements.
Professional Investor Managed Income Fund
Aims to deliver a regular monthly income and some capital growth.
Indicative time horizon is three years or more.
Risk* – some volatility may be experienced
Download the Product Disclosure Statement
| As at 28 April 2008 | |
|---|---|
| Launch date | September 1999 |
| Minimum initial investment |
$5,000
|
| Minimum subsequent investment | No Limit |
| Income distributions | Monthly |
| Contribution fee# | 4% |
| Withdrawal fee | Nil |
| Buy-sell spread on entry and exit |
0.055%
|
| Management fee^ |
1.40%
|
| Adviser Service Commission (inc GST)^^ |
Max 0.44%
|
| Switching permitted## | Yes |
* see pages 12 and 13 of the Professional Investor Product Disclosure Statement for further discussion on the risks associated with investing in this Fund.
# This fee is deducted as a percentage of the amount you invest. If a licensed financial adviser is assisting you, this fee may be paid to your financial adviser as commission. This amount is negotiable with your adviser.
^ The Management fee is an ongoing fee for managing the Fund, calculated and accrued daily and paid to us monthly. This fee is the estimated cost to the Fund of the GST inclusive management fee taking into account reduced input tax credits in respect of the GST component of the fee.
^^ This fee is paid to your investment adviser at the end of each month out of the management fee. It is not an additional fee charged. The commission is based on the value of your retained investment in the Fund.
## You can switch all or part of your investment between Funds in the Professional Investor Funds range subject to minimum investment requirements.
Professional Investor Balanced Fund
A diversified portfolio offering a balance between capital growth and a moderate level of income.
Indicative time horizon is five years or more.
Risk* – moderate volatility may be experienced
Download the Product Disclosure Statement
| As at 28 April 2008 | |
|---|---|
| Launch date | September 1999 |
| Minimum initial investment |
$5,000
|
| Minimum subsequent investment | No Limit |
| Income distributions | June, December |
| Contribution fee# | 4% |
| Termination fee | Nil |
| Withdrawal fee | Nil |
| Buy-sell spread on entry and exit |
0.175%
|
| Management fee^ |
1.40%
|
| Adviser Service Commission (inc GST)^^ |
Max 0.44%
|
| Switching permitted## | Yes |
* see pages 12 and 13 of the Professional Investor Product Disclosure Statement for further discussion on the risks associated with investing in this Fund.
# This fee is deducted as a percentage of the amount you invest. If a licensed financial adviser is assisting you, this fee may be paid to your financial adviser as commission. This amount is negotiable with your adviser.
^ The Management fee is an ongoing fee for managing the Fund, calculated and accrued daily and paid to us monthly. This fee is the estimated cost to the Fund of the GST inclusive management fee taking into account reduced input tax credits in respect of the GST component of the fee.
^^ This fee is paid to your investment adviser at the end of each month out of the management fee. It is not an additional fee charged. The commission is based on the value of your retained investment in the Fund.
## You can switch all or part of your investment between Funds in the Professional Investor Funds range subject to minimum investment requirements.
Professional Investor Australian Share Fund
Capital growth through investment in Australian shares and other securities and to provide investors with some tax-effective income through the distribution of franked dividends.
Indicative time horizon is five years or more.
Risk* – capable of significant price fluctuations
Download the Product Disclosure Statement
| As at 28 April 2008 | |
|---|---|
| Launch date | September 1999 |
| Minimum initial investment |
$5,000
|
| Minimum subsequent investment | No Limit |
| Income distributions | March, June,September, December |
| Contribution fee# | 4% |
| Termination fee | Nil |
| Withdrawal fee | Nil |
| Buy-sell spread on entry and exit |
0.275%
|
| Management fee^ |
1.40%
|
| Adviser Service Commission (inc GST)^^ |
Max 0.44%
|
| Switching permitted## | Yes |
* see pages 12 and 13 of the Professional Investor Product Disclosure Statement for further discussion on the risks associated with investing in this Fund.
# This fee is deducted as a percentage of the amount you invest. If a licensed financial adviser is assisting you, this fee may be paid to your financial adviser as commission. This amount is negotiable with your adviser.
^ The Management fee is an ongoing fee for managing the Fund, calculated and accrued daily and paid to us monthly. This fee is the estimated cost to the Fund of the GST inclusive management fee taking into account reduced input tax credits in respect of the GST component of the fee.
^^ This fee is paid to your investment adviser at the end of each month out of the management fee. It is not an additional fee charged. The commission is based on the value of your retained investment in the Fund.
## You can switch all or part of your investment between Funds in the Professional Investor Funds range subject to minimum investment requirements.
Professional Investor Global High Conviction Fund
Capital growth over the medium to long-term by investing in a portfolio of global shares.
Indicative time horizon is five years or more.
Risk* – capable of significant price fluctuations
Download the Product Disclosure Statement
| As at 28 April 2008 | |
|---|---|
| Launch date | September 1999 |
| Minimum initial investment |
$5,000
|
| Minimum subsequent investment | No Limit |
| Income distributions | June, December |
| Contribution fee# | 4% |
| Withdrawal fee | Nil |
| Buy-sell spread on entry and exit |
0.25%
|
| Management fee^ |
1.50%
|
| Adviser Service Commission (inc GST)^^ |
Max 0.44%
|
| Switching permitted## | Yes |
* see pages 12 and 13 of the Professional Investor Product Disclosure Statement for further discussion on the risks associated with investing in this Fund.
# This fee is deducted as a percentage of the amount you invest. If a licensed financial adviser is assisting you, this fee may be paid to your financial adviser as commission. This amount is negotiable with your adviser.
^ The Management fee is an ongoing fee for managing the Fund, calculated and accrued daily and paid to us monthly. This fee is the estimated cost to the Fund of the GST inclusive management fee taking into account reduced input tax credits in respect of the GST component of the fee.
^^ This fee is paid to your investment adviser at the end of each month out of the management fee. It is not an additional fee charged. The commission is based on the value of your retained investment in the Fund.
## You can switch all or part of your investment between Funds in the Professional Investor Funds range subject to minimum investment requirements.
Global High Conviction Fund - Unhedged - Class C
Seeks to maximise capital growth over the medium to long term by investing in a select portfolio of international shares.
Indicative time horizon is five years or more.
Risk * – capable of significant price fluctuations
Download the Product Disclosure Statement
| As at 28 April 2008 | |
|---|---|
| Launch date | May 2001 |
| Minimum initial investment |
$5,000
|
| Minimum subsequent investment | No Limit |
| Income distributions | June, December |
| Contribution fee# | 4% |
| Withdrawal fee | Nil |
| Buy-sell spread on entry and exit |
0.250%
|
| Management fee^ |
1.50%
|
| Adviser Service Commission (inc GST)^^ |
Max 0.44%
|
| Switching permitted## | Yes |
* see pages 12 and 13 of the Professional Investor Product Disclosure Statement for further discussion on the risks associated with investing in this Fund.
# This fee is deducted as a percentage of the amount you invest. If a licensed financial adviser is assisting you, this fee may be paid to your financial adviser as commission. This amount is negotiable with your adviser.
^ The Management fee is an ongoing fee for managing the Fund, calculated and accrued daily and paid to us monthly. This fee is the estimated cost to the Fund of the GST inclusive management fee taking into account reduced input tax credits in respect of the GST component of the fee.
^^ This fee is paid to your investment adviser at the end of each month out of the management fee. It is not an additional fee charged. The commission is based on the value of your retained investment in the Fund.
## You can switch all or part of your investment between Funds in the Professional Investor Funds range subject to minimum investment requirements.
Global High Conviction Fund - Hedged - Class C
Seeks to (in addition to the objective of the Global High Conviction Fund) reduce the impact on the Fund of foreign currency movements relative to the Australian dollar by implementing a passive currency hedging overlay.
Indicative time horizon is five years or more.
Risk * – Capable of significant price fluctuations
Download the Product Disclosure Statement
| As at 28 April 2008 | |
|---|---|
| Launch date | April 2001 |
| Minimum initial investment |
$5,000
|
| Minimum subsequent investment | No Limit |
| Income distributions | June, December |
| Contribution fee# | 4% |
| Withdrawal fee | Nil |
| Buy-sell spread on entry and exit |
0.275%
|
| Management fee^ |
1.55%
|
| Adviser Service Commission (inc GST)^^ |
Max 0.44%
|
| Switching permitted## | Yes |
* see pages 12 and 13 of the Professional Investor Product Disclosure Statement for further discussion on the risks associated with investing in this Fund.
# This fee is deducted as a percentage of the amount you invest. If a licensed financial adviser is assisting you, this fee may be paid to your financial adviser as commission. This amount is negotiable with your adviser.
^ The Management fee is an ongoing fee for managing the Fund, calculated and accrued daily and paid to us monthly. This fee is the estimated cost to the Fund of the GST inclusive management fee taking into account reduced input tax credits in respect of the GST component of the fee.
^^ This fee is paid to your investment adviser at the end of each month out of the management fee. It is not an additional fee charged. The commission is based on the value of your retained investment in the Fund.
## You can switch all or part of your investment between Funds in the Professional Investor Funds range subject to minimum investment requirements.
Global Small Cap Fund - Class C
Maximise capital growth through exposure to a globally diversified portfolio of shares of quality small and mid-capitalisation companies listed on international stock exchanges.
Risk * – capable of significant price fluctuations
Download the Product Disclosure Statement
| As at 28 April 2008 | |
|---|---|
| Launch date | April 2001 |
| Minimum initial investment |
$5,000
|
| Minimum subsequent investment | No Limit |
| Income distributions | June, December |
| Contribution fee# | 4% |
| Withdrawal fee | Nil |
| Buy-sell spread on entry and exit |
0.50%
|
| Management fee^ |
1.60%
|
| Adviser Service Commission (inc GST)^^ |
Max 0.44%
|
| Switching permitted## | Yes |
* see pages 12 and 13 of the Professional Investor Product Disclosure Statement for further discussion on the risks associated with investing in this Fund.
# This fee is deducted as a percentage of the amount you invest. If a licensed financial adviser is assisting you, this fee may be paid to your financial adviser as commission. This amount is negotiable with your adviser.
^ The Management fee is an ongoing fee for managing the Fund, calculated and accrued daily and paid to us monthly. This fee is the estimated cost to the Fund of the GST inclusive management fee taking into account reduced input tax credits in respect of the GST component of the fee.
^^ This fee is paid to your investment adviser at the end of each month out of the management fee. It is not an additional fee charged. The commission is based on the value of your retained investment in the Fund.
## You can switch all or part of your investment between Funds in the Professional Investor Funds range subject to minimum investment requirements.
Hedged Global Small Cap Fund - Class C
Seeks to (in addition to the objective of the Global Small Cap Fund) reduce the impact on the Fund of foreign currency movements relative to the Australian dollar by implementing a passive currency hedging overlay.
Indicative time horizon is five years or more.
Risk * – capable of significant price fluctuations
Download the Product Disclosure Statement
| As at 28 April 2008 | |
|---|---|
| Launch date | April 2001 |
| Minimum initial investment |
$5,000
|
| Minimum subsequent investment | No Limit |
| Income distributions | June, December |
| Contribution fee# | 4% |
| Withdrawal fee | Nil |
| Buy-sell spread on entry and exit |
0.525%
|
| Management fee^ |
1.65%
|
| Adviser Service Commission (inc GST)^^ |
Max 0.44%
|
| Switching permitted## | Yes |
* see pages 12 and 13 of the Professional Investor Product Disclosure Statement for further discussion on the risks associated with investing in this Fund.
# This fee is deducted as a percentage of the amount you invest. If a licensed financial adviser is assisting you, this fee may be paid to your financial adviser as commission. This amount is negotiable with your adviser.
^ The Management fee is an ongoing fee for managing the Fund, calculated and accrued daily and paid to us monthly. This fee is the estimated cost to the Fund of the GST inclusive management fee taking into account reduced input tax credits in respect of the GST component of the fee.
^^ This fee is paid to your investment adviser at the end of each month out of the management fee. It is not an additional fee charged. The commission is based on the value of your retained investment in the Fund.
## You can switch all or part of your investment between Funds in the Professional Investor Funds range subject to minimum investment requirements.