U Ethical Funeral Fund

A simple way to help cover funeral expenses for your family. Your investment and accumulated interest will be put towards funeral expenses with any remaining balances paid to your estate. And as with all our investment options you won’t lose money to entry, exit or transaction fees.

Objective

The Funeral Fund invests directly in the U Ethical Enhanced Cash Trust - Wholesale, a diversified portfolio of cash and fixed-income securities.

Benefits

  • Investment and accumulated interest to be put towards funeral expenses
  • Remaining balances paid to your estate
  • No entry, exit or transaction fees
  • Who can invest?

    Individual investors

  • Minimum investment

    $100

  • Management fees

    Estimated up to 1.15% p.a. 1

  • Income distributions

    Half yearly (30 June, 31 December)

  • Additional contributions

    Anytime by electronic transfer or direct debit

  • Redemptions

    The executor must present invoices or proof of payment for funeral expenses to U Ethical. Any remaining balances will be paid to your estate.

  • Maximum investment amount

    Indexed annually (Check current amount)

    Funeral Fund investments are exempt from the assets test. For more information, please see the Offer Document or the Social Security Law website

  • Inception date

    2 Feb 1997

  • Fund Size

    $4.59m

1 No fees for establishment, contributions, redemptions or exit. From 4 July 2019, management fees are 1.15% p.a and recoverable expenses are 0.05% p.a. The Trust’s investment in the U Ethical Enhanced Cash Trust - Wholesale is not charged any management costs.

U Ethical Funeral Fund income

For 30 June 2020

Fund 3 months % 6 months % 1 year % 5 year % p.a. 10 years % p.a. 20 years % p.a. Inception % p.a. Inception date Fund size (million)
Funeral Fund 0.43 0.85 1.88 2.33 3.42 4.18 4.30 2 February 1997 4.55
Benchmark* 0.06 0.23 0.69 1.43 2.43 3.83 -

Past performance is not indicative of future performance.

*Benchmark demonstrates RBA Cash Rate.

U Ethical Funeral Fund Interest Rate History

Effective Date of Interest Rate Change ​Applicable Interest Rate (% p.a.)
10 January 2020 1.70
23 September 2019 1.90
1 July 2017 2.25
1 September 2016 2.40
1 February 2016 2.60
1 September 2015 2.80
1 April 2015 3.10
1 January 2015 3.35

Indicative income rates are current as at date of publication and are subject to change. The trustee and issuer do not guarantee the repayment of capital or any particular income or distribution rates of its products.

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