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  5. Advance Australia Equity Growth - Managed fund profile

Advance Australia Equity Growth - Managed Fund (Closed)

Fund Objective
To provide long term capital growth by investing in Australian Shares. The Fund aims to provide investors with a total return that outperforms the S&P/ASX 200 Accumulation Index over periods of five years or longer by predominantly investing in Australian Growth Equities.
Fund Strategy
The fund seeks to invest in a diversified range of shares and other securities listed or expected to be listed on the ASX. The underlying portfolio manager of the fund is Schroder Investment Management Australia Limited.

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 -3.73% -9.26% -4.88% -2.59% 4.89% 7.14% 2.88% 8.16%
Growth return -3.73% -10.29% -10.62% -9.7% -1.69% 1.64% -2.81% 3.66%
Income return 0% 1.03% 5.74% 7.11% 6.58% 5.5% 5.69% 4.5%
Market index (S&P/ASX 200 TR AUD)
Total return 3.27% 5.33% 14.17% 14.45% 7.03% 9.62% 9.15% 8.27%
As at 30 Nov 2018. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Advance Australia Equity Growth
Australian Equities
100%
International Equities
0%
Cash
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
91.94%
International Equities
4.02%
Cash
0.37%
Property
3.27%
Fixed Interest
0.35%
Alternatives
0.06%

General Information

Fund Details
Type Description
Advance Australia Equity Growth
Closed
Advance Asset Management Limited
ADV0079AU
Equity Australia Large Growth
starstar (as at 30 Nov 2018)
Investment Fund
19 Dec 2002
$0 million (as at 31 Dec 2018)
$1.0842 (as at 10 Dec 2018)
$1.0798 (as at 10 Dec 2018)
Finalised
Offer information
Type Description
Standard entry fee 4.10%
Indirect Cost Ratio (ICR) 1.90% (as at 30 Jun 2018)
Minimum initial investment $1,500.00
Minimum additional investments $500.00
Minimum redemption amount $500.00

Top 10 holdings (as at 31 Dec 2010)

Holding (as at 31 Dec 2010) Type % of Portfolio
BHP Billiton Ltd Equity 12.56%
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FAQs about the Advance Australia Equity Growth

The objective of the Advance Australia Equity Growth managed fund is To provide long term capital growth by investing in Australian Shares. The Fund aims to provide investors with a total return that outperforms the S&P/ASX 200 Accumulation Index over periods of five years or longer by predominantly investing in Australian Growth Equities.

The strategy of the Advance Australia Equity Growth managed fund is The fund seeks to invest in a diversified range of shares and other securities listed or expected to be listed on the ASX. The underlying portfolio manager of the fund is Schroder Investment Management Australia Limited.

The APIR code of the Advance Australia Equity Growth managed fund is ADV0079AU.

Advance Australia Equity Growth’s total return last month was -3.73%. This was made up of a growth return of -3.73% and an income return of 0%. These returns were calculated as at 30 Nov 2018.

Advance Australia Equity Growth’s total return for the last three months was -9.26%. This was made up of a growth return of -10.29% and an income return of 1.03%%. These returns were calculated as at 30 Nov 2018.

Advance Australia Equity Growth’s one-year total return is -2.59%. This was made up of a growth return of -9.7% and an income return of 7.11%. These returns were calculated as at 30 Nov 2018.

Advance Australia Equity Growth’s one-year total return is 7.14%. This was made up of a growth return of 1.64% and an income return of 5.5%. These returns were calculated as at 30 Nov 2018.

The asset allocation of the Advance Australia Equity Growth managed fund is :

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

The Responsible Entity for the Advance Australia Equity Growth managed fund is Advance Asset Management Limited.

The Advance Australia Equity Growth managed fund belongs to the Equity Australia Large Growth sector/asset class.

As at 31 Dec 2018, the size of the Advance Australia Equity Growth managed fund was $0 million.

The Advance Australia Equity Growth managed fund has an inception date of 19 Dec 2002.

The current entry price of the Advance Australia Equity Growth managed fund is $1.0842 per unit and the current exit price is $1.0798 per unit (as at 10 Dec 2018).

The current exit price of the Advance Australia Equity Growth managed fund is $1.0798 per unit and the current entry price is $1.0842 per unit (as at 10 Dec 2018).

The minimum initial investment amount for the Advance Australia Equity Growth managed fund is $1,500. Minimum additional investment is $500.

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.