MariBank Ownership: Owned by Sea Group, a Singapore-based technology conglomerate.
MariBank Services: Offers personal and business banking services through its mobile application.
Mari Invest Income: A new investment product released by MariBank, currently available by invitation only.
Investment Goal:Mari Invest Income aims to provide regular payouts.
Investment Risk: Considered a higher risk investment compared to Mari Invest SavePlus.
Fund Performance: Depends on the performance of the PIMCO GIS Income Fund, an actively managed fund.
Ongoing Fee:1.05% p.a., including management fee and trailer fees.
Fund Performance: Historically good return (4.09% p.a. since inception) and a consistent monthly payout (nearly 6.49% p.a. based on historical distribution as of 31 Dec 2024).
Payout Characteristics: Not guaranteed and may differ from past performance, despite consistent and increasing per unit payout history.
Fund Composition: PIMCO GIS holds a significant portion (36%) in Federal National Mortgage Association (FNMA) mortgage-backed securities.
FNMA MBS Characteristics: Offer high yields, benefit from rising interest rates, implicitly backed by the US government, sensitive to interest rate changes, and may not appreciate as much when interest rates fall.
PIMCO GIS Fund Classes: Various classes exist, including hedged and unhedged options in different currencies (AUD, EUR, GBP, HKD, SGD, USD).
Fund Class Fees: Different fund classes have varying ongoing fees: ADMIN (1.05% p.a.), E (1.45% p.a.), HINST (0.72% p.a.), INST (0.55% p.a.), INVST (0.90% p.a.).
Fee Distribution: Fees paid for the PIMCO GIS Income fund are distributed among PIMCO, fund distributors (e.g., Maribank), and advisory firms.
Investor Considerations: Investors should focus on understanding the fees, the underlying investment (PIMCO GIS Income fund), the investment risk, its role in their overall financial plan, and the associated risks.
No comments:
Post a Comment