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Abacus Hospitality Fund

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General Information
Fund Name Abacus Hospitality Fund
Manager Abacus Funds Management Limited
APIR Code ABA0005AU  
Sector/Asset Class Unlisted and Direct Property - Australia  
Morningstar Rating Not Rated More information...
Standard & Poor's Rating More information...
Legal Structure Investment Fund  
Fund Inception 9th Mar 2007
Fund Size $138 million (as at 30th Sep 2008) 
Entry Price $1.0475 (as at 18th Dec 2008) 
Exit Price $0.9785 (as at 18th Dec 2008) 
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Fund Performance (as at 30th Nov 2008) More information... NOTE : returns for periods greater than 1 year are annualised
  1 Month
%		 3 Month
%		 6 Month
%		 1 Year
% p.a.		 2 Year
% p.a.		 3 Year
% p.a.		 5 Year
% p.a.		 7 Year
% p.a.
Total Return 0 2.15 -0.86 6.55 - - - -
Growth Return - 0.00 -5.00 -2.15 - - - -
Income Return - 2.15 4.14 8.70 - - - -
Morningstar Index
(Morningstar Peer Group Retail Invesment Trust Unlisted and Direct Property-Australia Index) More information...
Total Return -4.66 -8.12 -9.06 -11.62 0.51 6.50 9.70 9.22
Market Index
(S&P/ASX 200 Property Trusts Accumulation Index)
Total Return 0.25 -29.33 -34.00 -52.05 -28.93 -12.74 -0.66 2.18


Asset Allocation (as at 30th Jun 2008) More information...
Domestic Shares 0%
International Shares 0%
Cash 0%
Listed Property 0%
Direct Property 100%
Domestic Fixed Interest 0%
International Fixed Interest 0%
Mortgage 0%
Other 0%
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Objectives and Strategy
Fund Objective The aim is to accumulate hotel properties throughout Aust & N Z, with long term management agreements or leases to experienced managers, to provide a reliable & attractive income with potential for capital growth over the medium term. Targeting a total return for investors of 10% pa after costs and before tax comprising (a) regular quarterly income forecast at 8% pa and (b) growth in the Fund's net asset value
Fund Strategy Abacus is seeking to acquire hotel properties that offer (a) protection from new competition (b) potential for enhanced profitability (c) inherent underlying land value (d) vacant possession (e) alternative highest and best use opportunities (f) minimal capital expenditure requirements in the near term. Selected professional hotel operators will undertake day-to-day management of hotels. To grow fund through acquisition of additional hotel properties. May also sell assets if it is in the best interest of the securityholders


Offer Information
Management Expense Ratio (MER) 2.01% (as at 30th Jun 2008)
Standard Entry Fee 0%
Entry Fee via InvestSMART 0%
Standard Exit Fee 0%
Exit Fee via InvestSMART 0%
Minimum Initial Investment $10,000
Minimum Additional Investments $1,000
Minimum Redemption Amount $0
Savings Plan Comments Not applicable.
Redemption Comments must sell entire holding under the $500,000 per quarter liquidity facility unless they will continue to own more than 500,000, less 5% discount

Managed Fund data is supplied by Morningstar Research and Standard & Poor's Information Services and is subject to the following disclaimer. Managed fund unit prices are indicative only.
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