InvestSMART

Abacus Storage - Managed Fund (Closed)

Fund Objective
Within the Initial Portfolio, there is signficant growth potential through: increasing occupancy rates, growth in fee income, development of additional storage units, and utilisation of surplus land. It is the intention of the Manager to grow the Fund through acquisition. Funding for additional properties will be provided by additional equity raisings, further borrowings and the Distribution Reinvestment Plan.
Fund Strategy
The aim of the fund is to accumulate self storage properties throughout Australia and New Zealand with long term management agreements with Storage King in order to provide a reliable and attractive income to investors with strong potential for capital growth.

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}
Peers
Benchmark ({{ fund.benchmark.name }})
{{ fund.model.name }}
The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.
grow your money
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns.
Free Fees Report
investing
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers.
Free investor guide
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns. Free Fees Report
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers. Free investor guide

Fees Comparison

{{ fund.mer | number:2 }}
% p.a.
{{ fund.name }}
{{ modelPortfolio.mer * 100 | number:2 }}
% p.a.
{{ modelPortfolio.name }}
{{ fund.benchmark.peers.mer * 100 | number:2 }}
% p.a.
Average of peers ({{ fund.benchmark.peers.peerCount }})
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.
Upsell Banner

Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.53% 1.68% 5.78% 16.77% 11.59% 10.87% 15.66% -%
Growth return 0.53% -0.01% 2.31% 9.14% 4.04% 3.25% 7.63% -%
Income return 0% 1.69% 3.47% 7.63% 7.55% 7.62% 8.03% -%
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 29 Feb 2012. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Abacus Storage
Property & Infrastructure
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Property & Infrastructure
93.67%
Australian Equities
4.26%
International Equities
0.23%
Cash
1.84%
Fixed Interest
0.01%
Alternatives
0%

General Information

Fund Details
Type Description
Abacus Storage
Closed
Abacus Storage Funds Management
ABA0004AU
Unlisted and Direct Property
starstarstarstar (as at 28 Feb 2011)
Investment Fund
4 Nov 2005
$102.06 million (as at 29 Feb 2012)
$1.31418 (as at 29 Feb 2012)
$1.31418 (as at 29 Feb 2012)
Finalised
Offer information
Type Description
MER 0.90% (as at 30 Jun 2008)
Indirect Cost Ratio (ICR) - Estimated 1.27% (as at 30 Jun 2011) (Estimated)
Minimum initial investment $10,000.00
Minimum additional investments $1,000.00

FAQs about the Abacus Storage

The objective of the Abacus Storage managed fund is Within the Initial Portfolio, there is signficant growth potential through: increasing occupancy rates, growth in fee income, development of additional storage units, and utilisation of surplus land. It is the intention of the Manager to grow the Fund through acquisition. Funding for additional properties will be provided by additional equity raisings, further borrowings and the Distribution Reinvestment Plan.

The strategy of the Abacus Storage managed fund is The aim of the fund is to accumulate self storage properties throughout Australia and New Zealand with long term management agreements with Storage King in order to provide a reliable and attractive income to investors with strong potential for capital growth.

The APIR code of the Abacus Storage managed fund is ABA0004AU.

Abacus Storage’s total return last month was 0.53%. This was made up of a growth return of 0.53% and an income return of 0%. These returns were calculated as at 29 Feb 2012.

Abacus Storage’s total return for the last three months was 1.68%. This was made up of a growth return of -0.01% and an income return of 1.69%%. These returns were calculated as at 29 Feb 2012.

Abacus Storage’s one-year total return is 16.77%. This was made up of a growth return of 9.14% and an income return of 7.63%. These returns were calculated as at 29 Feb 2012.

Abacus Storage’s one-year total return is 10.87%. This was made up of a growth return of 3.25% and an income return of 7.62%. These returns were calculated as at 29 Feb 2012.

The asset allocation of the Abacus Storage 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 Storage managed fund is Abacus Storage Funds Management.

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

As at 29 Feb 2012, the size of the Abacus Storage managed fund was $102.06 million.

The Abacus Storage managed fund has an inception date of 4 Nov 2005.

The current entry price of the Abacus Storage managed fund is $1.31418 per unit and the current exit price is $1.31418 per unit (as at 29 Feb 2012).

The current exit price of the Abacus Storage managed fund is $1.31418 per unit and the current entry price is $1.31418 per unit (as at 29 Feb 2012).

The minimum initial investment amount for the Abacus Storage managed fund is $10,000. Minimum additional investment is $1000.

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.