InvestSMART

Abacus Fern Bay - Managed Fund (Closed)

Fund Objective
The Fund owns and operates Bayway Village, which has been designed primarily for seniors and retirees. There are 450 tenancies, with a capacity for 478 and conditional development consent to increase to 595 tenancies. The rent received, along with development fees received from the expansion of available sites, underpins the funds distributions and future capital growth.
Fund Strategy
Abacus has established this Fund as it believes that the Village offers investors an attractive running yield with good prospects for capital growth through appreciation in value of the underlying land which comprises 26 ha of coastal land in the Upper Hunter Region of NSW. The Village currently is only developed to 80% of its full potential, with further development this should facilitate capital growth with the objective of growing the Village to 90 - 95% occupancy of its expanded capacity.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return -1.53% 0.05% 2.47% 7.57% 0.21% -% -% -%
Growth return -2.33% -2.33% -2.33% -2.33% -8.35% -% -% -%
Income return 0.8% 2.38% 4.8% 9.9% 8.56% -% -% -%
Market index (S&P/ASX 200 A-REIT TR)
Total return -3.1% 4.56% 18.9% 4.1% 23.7% 19.85% 11.91% 8.69%
As at 30 Sep 2010. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Abacus Fern Bay
Property & Infrastructure
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Property & Infrastructure
93.06%
Australian Equities
4.32%
International Equities
0.24%
Cash
2.37%
Fixed Interest
0.01%
Alternatives
0.01%

General Information

Fund Details
Type Description
Abacus Fern Bay
Closed
Abacus Funds Management Limited
ABA0009AU
Unlisted and Direct Property
Not Rated
Investment Fund
27 May 2008
$7.59 million (as at 30 Sep 2010)
n/a
$0.84 (as at 31 Oct 2010)
Finalised
Offer information
Type Description
Standard entry fee 4.50%
Indirect Cost Ratio (ICR) 3.17% (as at 30 Jun 2009)
Minimum initial investment $10,000.00

FAQs about the Abacus Fern Bay

The objective of the Abacus Fern Bay managed fund is The Fund owns and operates Bayway Village, which has been designed primarily for seniors and retirees. There are 450 tenancies, with a capacity for 478 and conditional development consent to increase to 595 tenancies. The rent received, along with development fees received from the expansion of available sites, underpins the funds distributions and future capital growth.

The strategy of the Abacus Fern Bay managed fund is Abacus has established this Fund as it believes that the Village offers investors an attractive running yield with good prospects for capital growth through appreciation in value of the underlying land which comprises 26 ha of coastal land in the Upper Hunter Region of NSW. The Village currently is only developed to 80% of its full potential, with further development this should facilitate capital growth with the objective of growing the Village to 90 - 95% occupancy of its expanded capacity.

The APIR code of the Abacus Fern Bay managed fund is ABA0009AU.

Abacus Fern Bay’s total return last month was -1.53%. This was made up of a growth return of -2.33% and an income return of 0.8%. These returns were calculated as at 30 Sep 2010.

Abacus Fern Bay’s total return for the last three months was 0.05%. This was made up of a growth return of -2.33% and an income return of 2.38%%. These returns were calculated as at 30 Sep 2010.

Abacus Fern Bay’s one-year total return is 7.57%. This was made up of a growth return of -2.33% and an income return of 9.9%. These returns were calculated as at 30 Sep 2010.

Abacus Fern Bay’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 30 Sep 2010.

The asset allocation of the Abacus Fern Bay managed fund is :

Property & Infrastructure
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Abacus Fern Bay managed fund is Abacus Funds Management Limited.

The Abacus Fern Bay managed fund belongs to the Unlisted and Direct Property sector/asset class.

As at 30 Sep 2010, the size of the Abacus Fern Bay managed fund was $7.59 million.

The Abacus Fern Bay managed fund has an inception date of 27 May 2008.

The current entry price of the Abacus Fern Bay managed fund is $ per unit and the current exit price is $0.84 per unit (as at 31 Oct 2010).

The current exit price of the Abacus Fern Bay managed fund is $0.84 per unit and the current entry price is $ per unit (as at 31 Oct 2010).

The minimum initial investment amount for the Abacus Fern Bay managed fund is $10,000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.