Your data is being crunched

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 (31 Aug 2008)

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 -3.39 -8.35 -6.35 29.81 15.95 - - -
Growth return -3.39 -29.31 -27.77 -9.81 -4.25 - - -
Income return 0 20.96 21.42 39.62 20.2 - - -

Market index (Morningstar Long-Only Commodity TR AUD)

Total return 1.57 9.7 10.06 15.96 2.64 -2.53 -2.7 -3.95

Asset Allocation (31 Aug 2008)

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

General Information

Active Commodities Fund (Wholesale)
Commodity Strategies AG
Commodities & Precious Metals
Not Rated
Investment Fund
3 Mar 2006
$0.8882 (as at 23 Sep 2008)
$0.8882 (as at 23 Sep 2008)

Objectives and Strategy

The Fund's objective is to seek to achieve a long-term total return that exceeds the return of the Reuters/Jefferies CRB Index - Total Return Series while maintaining a lower volatility over the same period.
The Fund is managed by Commodity Strategies Limited ('CSL'), a specialist in commodity portfolio management that believes in a risk managed, active approach to commodity investing. CSL was established as an independent investment boutique in 1999 and currently manages commodity portfolios for a range of retail, high net worth and institutional investors in Australia, New Zealand and Europe. Commodity exposure ranges are: Energy: 0% - 70%, Metals: 0% - 35%, Softs: 0% - 35%, Grains and Livestock: 0% - 35%.

Offer information

Indirect Cost Ratio (ICR) 1.48% (as at 30 Jun 2008)
Performance fee (not included in ICR) Not Available
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
© 2017 Morningstar. All rights reserved. Neither any Morningstar company nor any of their content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Limited, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. You should consider the advice in light of these matters and, if applicable, the relevant Product Disclosure Statement (in respect of Australian products) or Investment Statement (in respect of New Zealand products) before making any decision to invest. No Morningstar-affiliated company or any of their employees is providing you with personalised financial advice. To obtain advice tailored to your particular circumstances, please contact a professional financial adviser. 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.