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 Glossary

 
AFSL​ ​Australian Financial Services Licence
APIR Code ​A code used to identify products in the Financial Services industry. APIR stands for Asia Pacific Investment Register.
APRA Australian Prudential Regulation Authority
ASIC The Australian Securities and Investments Commission, which is the body that administers the Financial Services Reform Act and acts as the consumer protection regulator for financial services.
Asset Allocation The breakdown in percentage terms of where a fund’s monies are invested.

ASX

Australian Securities Exchange
ATO Australian Taxation Office
Capital Gain The profit made when an asset is sold for more than its purchase price.​
Capital Growth An increase in the value of an asset from its original purchase price.​
Cash Investment Cash investments include short-term deposits and money which may invest in fixed income instruments and loans. Cash provides a relatively consistent rate of return in the form of regular interest payments, generally in line with short-term interest rates and is widely considered the lowest investment risk. ​
Corporations Act 2001 National legislation dealing with the regulation of companies and financial products, amongst other things.
Consumer Price
Index (CPI)
An index measuring the prices (at various times) of a selected group of goods and services typically bought by ordinary Australian households. It allows comparisons of the relative cost of living over time, and is used as a measure of inflation. ​
Defensive Assets Assets such as fixed interest and/or cash which earn lower returns than growth assets and, although subject to fluctuations in value, are generally redeemable for their face value at maturity.​
Disclosure Document  A written body of information that explains an offer of a financial product with content regulated by the Corporations Act 2001.​
Discount Securities Non-interest bearing money market instruments, issued at a discount from face value (or nominal value), with the holder receiving face value when the security matures. Discount securities carry no coupon, or annual rate of interest.​
Diversification
Spreading investments over different securities, asset classes and/or investment managers to minimise the impact of market ups and downs. ​
Fixed Interest
Securities
Any security which has a fixed flow of income is known as a fixed interest security.​
Franked Dividend A dividend with a franking credit attached.​
Franking Credit A tax credit available to shareholders that represents the tax already paid by an Australian company on its profits.
Franking Rebates A rebate of tax equal to the value of the franking credit attached to a dividend. ​​
Growth Asset A term given to assets such as shares and property which over the longer term are expected to provide investment returns exceeding inflation.​
ICR The indirect cost ratio (ICR) for a fund is the ratio of the fund's management costs, that are not deducted directly from a member's or product holder's account, to the fund's total average net assets.​
Indexation A technique used to adjust payments (eg benefits, pension payments, wages) in line with the movement of an appropriate index, eg the CPI.  ​
Investment Mandate Please refer to asset allocation in this glossary section​.
Listed Property Trust A collective investment vehicle which owns real property. Unit prices of Listed Property Trusts are quoted on a stock exchange.​
Managed Fund An investment where individual investors pool their money with other investors. A professional manager then invests the pooled assets according to the fund’s investment objective, guidelines and approach, generally distributing any income return back to the investors.  ​
MER Management Expense Ratio: This ratio gives the expenses of investment management, marketing, trusteeship, legal, accounting and auditing costs of a managed investment fund – expressed as a percentage of a fund’s net asset value.
Negative Screen Companies or areas of business that for ethical reasons are excluded from an investment universe. ​
Offer Document An offer document is the standard disclosure document used to describe all regulated fund raising documents for the issue of securities.
Portfolio An investor’s collection of investments.​
Principal The original amount of money invested/borrowed that must be paid on maturity along with any interest component. ​
Product Disclosure
Statement (PDS)
A document which describes a particular financial services product. A PDS is regulated by ASIC and includes product information such as operational features, benefits, risks, and fees associated with that product.  ​
Responsible Entity A licensed entity or body that operates a managed investment scheme according to their constitution, investment policy, PDS and relevant legislation. ​
S&P/ASX300 Index The index provides additional depth and coverage to the S&P/ASX200 while maintaining strict liquidity guidelines. It provides up to an additional 100 small-cap stocks to the S&P/ASX200 Index. Companies removed from the index are replaced when a suitable candidate is available, or at the quarterly review. The S&P/ASX300 Index does not necessarily contain 300 companies. Please refer to Standard and Poors for more details.​
TCC Tax Concession Charities as defined by the ATO.​
Trustee The person (or company) responsible for holding and investing property for the benefit of another (the beneficiaries of the trust). The trustee must hold the property in accordance with the terms of the trust and the law. ​
The Uniting Church in
Australia Property Trust
(Victoria) and The
Uniting Church in
Australia Property Trust
(Tas.)
The body corporates incorporated by statute for the Synods of Victoria and Tasmania. ​
UCA Funds
Management
The business names of the three UCA Funds Management companies UCA Funds Management Limited (ABN 46 102 469 821), UCA Cash Management Fund Ltd (ABN 41 075 948 444), and UCA Growth Fund Limited (ABN 39 075 948 435). All three companies are ultimately owned and controlled by The Uniting Church in Australia Property Trust (Victoria) and The Uniting Church in Australia Property Trust (Tas.).
Unit Trust A pooled investment vehicle (trust) established under a constitution or trust deed to manage a portfolio, for example, a managed fund. The trustee is the legal owner of the securities and is responsible for ensuring the managers comply with the trust deed.  ​

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