Access Challenger High Yield - Managed Fund (Closed)

Fund Objective

To outperform both the UBS Australian Bank Bill Index and the UBS Australia Composite Bond Index - All Maturities Bond Index over any 12-month period.

Fund Strategy

An active manager that adopts a three step process of analysis to manage funds including, macroeconomic assessment, research and valuation analysis, and risk management.

Fund Performance Comparison

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Peers

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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.

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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.06%	0.2%	0.72%	2.4%	3%	3.22%	4.6%	-%
Growth return	0.06%	-0.02%	-0.38%	-0.47%	-0.25%	-0.3%	-3.69%	-%
Income return	0%	0.22%	1.1%	2.87%	3.25%	3.52%	8.29%	-%
Market index (Bloomberg Global Aggregate TR Hdg AUD)
Total return	0.23%	0.17%	2.11%	4.26%	3.6%	3.34%	-0.43%	1.81%

As at 31 Aug 2014. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Access Challenger High Yield

Fixed Interest: 100%

Australian Equities: 0%

International Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Average Allocation of Peers

Fixed Interest: 93.21%

Australian Equities: 0.01%

International Equities: -0.17%

Cash: 4.35%

Property & Infrastructure: 0.27%

Alternatives: 2.33%

General Information

Fund Details

Type	Description
Fund Name	Access Challenger High Yield
Fund Status	Closed
Responsible Entity	Navigator Australia Limited
APIR Code	NUN0012AU
Sector/Asset Class	Diversified Credit
Morningstar Rating	(as at 31 Aug 2014)
Legal Structure	Investment Fund
Fund Inception	1 Aug 2005
Fund Size	$0.55 million (as at 31 Aug 2014)
Entry Price	$0.525 (as at 19 Sep 2014)
Exit Price	$0.525 (as at 19 Sep 2014)
Fund Status	Finalised

Offer information

Type	Description
Standard entry fee	4%
MER	2.05% (as at 30 Jun 2006)
Indirect Cost Ratio (ICR)	1.30% (as at 30 Jun 2014)
Minimum initial investment	$3,000.00
Minimum additional investments	$1,000.00
Minimum redemption amount	$500.00

Top 10 holdings (as at 31 Dec 2010)

Holding (as at 31 Dec 2010)	Type	% of Portfolio
Australian Bonds	Bond	94.08%
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FAQs about the Access Challenger High Yield

What is the objective of the Access Challenger High Yield managed fund?

The objective of the Access Challenger High Yield managed fund is To outperform both the UBS Australian Bank Bill Index and the UBS Australia Composite Bond Index - All Maturities Bond Index over any 12-month period.

What is the strategy for the Access Challenger High Yield managed fund?

The strategy of the Access Challenger High Yield managed fund is An active manager that adopts a three step process of analysis to manage funds including, macroeconomic assessment, research and valuation analysis, and risk management.

What is the APIR code of the Access Challenger High Yield managed fund?

The APIR code of the Access Challenger High Yield managed fund is NUN0012AU.

What was Access Challenger High Yield’s total return last month?

Access Challenger High Yield’s total return last month was 0.06%. This was made up of a growth return of 0.06% and an income return of 0%. These returns were calculated as at 31 Aug 2014.

What was Access Challenger High Yield’s total return for the last three months?

Access Challenger High Yield’s total return for the last three months was 0.2%. This was made up of a growth return of -0.02% and an income return of 0.22%%. These returns were calculated as at 31 Aug 2014.

What is Access Challenger High Yield’s one-year total return?

Access Challenger High Yield’s one-year total return is 2.4%. This was made up of a growth return of -0.47% and an income return of 2.87%. These returns were calculated as at 31 Aug 2014.

What is Access Challenger High Yield’s three-year total return?

Access Challenger High Yield’s one-year total return is 3.22%. This was made up of a growth return of -0.3% and an income return of 3.52%. These returns were calculated as at 31 Aug 2014.

What is the asset allocation of the Access Challenger High Yield managed fund?

The asset allocation of the Access Challenger High Yield managed fund is :

Fixed Interest: 100%

Australian Equities: 0%

International Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Who is the responsible Entity of the Access Challenger High Yield managed fund?

The Responsible Entity for the Access Challenger High Yield managed fund is Navigator Australia Limited.

What sector/asset class does the Access Challenger High Yield managed fund belong to?

The Access Challenger High Yield managed fund belongs to the Diversified Credit sector/asset class.

What is the size of the Access Challenger High Yield managed fund?

As at 31 Aug 2014, the size of the Access Challenger High Yield managed fund was $0.55 million.

What is the inception date of the Access Challenger High Yield managed fund?

The Access Challenger High Yield managed fund has an inception date of 1 Aug 2005.

What is the current entry price of the Access Challenger High Yield managed fund?

The current entry price of the Access Challenger High Yield managed fund is $0.525 per unit and the current exit price is $0.525 per unit (as at 19 Sep 2014).

What is the current exit price of the Access Challenger High Yield managed fund?

The current exit price of the Access Challenger High Yield managed fund is $0.525 per unit and the current entry price is $0.525 per unit (as at 19 Sep 2014).

What is the minimum investment amount for the Access Challenger High Yield managed fund?

The minimum initial investment amount for the Access Challenger High Yield managed fund is $3,000. 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.

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