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Fund Performance Comparison

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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
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* 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 2015)

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 -7.59 -7.44 0.3 4.03 10.07 13.83 7.77 -
Growth return -8.97 -8.83 -1.2 0.64 6.55 10.12 3.6 -
Income return 1.38 1.39 1.5 3.39 3.52 3.71 4.17 -

Market index (S&P/ASX 200 TR AUD)

Total return 1.09 1.08 2.81 9.63 10.36 5.94 8.76 5.24

Asset Allocation (30 Jun 2015)

Australian Equities 97.76%
International Equities 0%
Cash 2.24%
Property 0%
Fixed Interest 0%
Alternatives 0%
Asset Allocation

General Information

Advance Concentrated Australian Shares Wholesale
Advance Asset Management Limited
Equity Australia Large Growth
starstar (as at 30 Jun 2015)
Investment Fund
1 Sep 2005
$7.7 million (as at 31 Jul 2015)
$0.7764 (as at 28 Jul 2015)
$0.7724 (as at 28 Jul 2015)

Objectives and Strategy

To provide strong medium to long-term capital growth from a diversified portfolio of Australian shares. The Fund aims to provide investors with a total investment return (before fees and taxes) that outperforms the S&P/ASX 200 Accumulation Index by greater than 4.5% pa over periods of 5 years or longer.
MIR's investment process is a unique combination of quantitative and qualitative processes. MIR seeks to avoid the common problem of value managers who buy and sell stocks too early by including momentum screens into their process. MIR invests in stocks if it believes that the company has investment potential, not because the company has a high index weight. As such MIR offers strategies that target high returns by having concentrated portfolios.

Offer information

Indirect Cost Ratio (ICR) 0.80% (as at 30 Jun 2015)
Minimum initial investment $10,000.00
Minimum additional investments $10,000.00
Minimum redemption amount $10,000.00

Top 10 holdings (as at 31 Dec 2010)

Holding Type % of Portfolio
BHP Billiton Limited Equity 11.49%
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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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