Returns. Refined and Defined








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Fund Highlights
  • The ARIA Target Income Fund (TIF) aims to generate a 8% p.a. income yield by investing in a diversified portfolio of defined return products.

  • TIF aims to minimize the risks typically associated with defined product investing whilst maintaining a long-term income yield above that of the broader equity and fixed income markets.

  • TIF focuses on Investment Grade Counterparties, issuing products on high quality, blue chip developed market equity.

  • Each product within the portfolio has a in-built 60% barrier level providing a level of principal protection per exposure (40% on each underlying's strike price).

Investment Highlights
  • Portfolio of guaranteed income* products with high quality blue chip underlyings taking the unpredictability out of equity income investing.

  • Attractive Income yield above that of broader equity and fixed income markets.

  • 60% Barrier Levels provides a level of portfolio protection on each holding.

  • Exposure limited to investment grade counterparties providing institutional level pricing on products.

*subject to issuer solvency

Investment Philosophy
  • Traditional Equity Income solutions are flawed. During inflationary and tight capital regimes, company dividend payments are the first to get cut.

  • Defined return products with guaranteed income* provide the perfect solution. No variability of income without any requirement for underlying price to rise.

  • Defined return products offer lower risk than equity dividend plays due to 60% barrier level. Each products underlying can fall 40% over the products lifecycle before any capital value is lost.

  • Diversification across 20+ defined return products reduces unsystematic risk whilst guaranteed coupons* reduce impact during major declines.

*subject to issuer solvency

Illustrative Portfolio
Reasons to Invest
  • Designed to provide an attractive reliable income with less volatility than stock markets.

  • Accumulation and Distribution shares available to meet all investors needs.

  • A fund structures brings greater liquidity than the traditional 'buy and hold until maturity' approach to structured products.

  • A diversified mix of structured products reduces counterparty and concentration risk.

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. The value of your investment and the income from it will vary and ...your initial investment amount is not guaranteed*. Some or all of the Manager’s annual charge for the Fund is taken from capital rather than from income. This increases the income, but reduces the potential for capital growth. Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments. In the event of default, the value of your investment may reduce. Economic conditions and interest rate levels may also impact significantly the values of high yield bonds. All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company.

*subject to issuer solvency


The details below are illustrative and updated as per the latest available factsheet.


  • Single Stock Autocall on high quality exposure.
  • Guaranteed coupons*
  • 0-5yr Maturities
  • Final Observation Date Barriers only.
  • *subject to issuer solvency


  • Systematic quantitative approach to underlying selection with qualitative overlay.
  • Diversified across sectors and maturity.

  • Investment grade issuers only.
  • Tight portfolio controls surrounding counterparty exposure.


    For more information and answers to any questions you may have, please contact us.

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