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Fund Performance Comparison

This fund is benchmarked against the {{ }} index.

This fund's fees are: {{ mer | percentage:2 }}

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers and {{ }}

Fee comparison

NOTE: Over the long term, higher fees lead to lower returns

{{ }} Average
Benchmark* Peers Fees InvestSMART's Fees
{{ fund.mer / 100 | percentage:2 }} N/A {{ fund.benchmark.peers.mer | percentage:2 }} {{ fund.model.mer | percentage:2 }}

* A benchmark is an arbitary calculation that does not have any fees. Hence why in the long term the majority of fund managers underperform their benchmark by the cost of their fees. InvestSMART provides low cost funds that track their benchmark.

Fund performance (30 Jun 2007)

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. 10 Year % p.a.
Total return 0.03 0.81 2.87 - - - - -
Growth return -2.7 -1.95 -2.06 - - - - -
Income return 2.73 2.76 4.93 - - - - -

Market index (Bloomberg AusBond Bank 0+Y TR AUD)

Total return 0.17 0.48 0.91 1.78 1.81 1.96 2.24 3.39

Asset Allocation (30 Jun 2007)

Australian Equities 0%
International Equities 0%
Cash 0%
Property 0%
Fixed Interest 100%
Alternatives 0%
Asset Allocation

General Information

Absolute Capital Yield Strategies FundWS (Wholesale)
Absolute Capital Limited
High Yield Credit
Not Rated
Investment Fund
1 Aug 2002
$176.69 million (as at 30 Jun 2007)
$0.0172 (as at 31 Aug 2012)
$0.0172 (as at 31 Aug 2012)

Objectives and Strategy

To preserve capital while delivering returns in excess of both the UBS Warburg Bank Bill Index and the UBS Warburg Composite Bond Index
To use securitisation technology to access the income streams from income producing assets, while at the same time increasing the certainty of that cash flow by diversifying across different asset types. The fund invests in structured debt securities both globally and within Australia.

Offer information

Indirect Cost Ratio (ICR) - Estimated 2.91% (as at 31 Dec 2006) (Estimated)
Performance fee (included in ICR) 1.09
Minimum initial investment $50,000

DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

Data shown on this website is sourced by Morningstar
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