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  5. Advance Concentrated Australian Shares Wholesale - Managed fund profile

Advance Concentrated Australian Shares Wholesale - Managed Fund (Closed)

Fund Objective
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.
Fund Strategy
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.

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 -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 3.1% 7.03% 11.65% 14.74% 14.82% 13.04% 12.32% 9.87%
As at 30 Jun 2015. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Advance Concentrated Australian Shares Wholesale
Australian Equities
97.76%
Cash
2.24%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.71%
Cash
-0.79%
International Equities
4.83%
Property & Infrastructure
1.41%
Fixed Interest
0.26%
Alternatives
0.58%

General Information

Fund Details
Type Description
Advance Concentrated Australian Shares Wholesale
Closed
Advance Asset Management Limited
ADV0115AU
Equity Australia Large Growth
starstar (as at 30 Jun 2015)
Investment Fund
1 Sep 2005
$7.79 million (as at 30 Jun 2015)
$0.7764 (as at 28 Jul 2015)
$0.7724 (as at 28 Jul 2015)
Finalised
Offer information
Type Description
MER 0.80% (as at 30 Jun 2007)
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 (as at 31 Dec 2010) Type % of Portfolio
BHP Billiton Limited Equity 11.49%
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FAQs about the Advance Concentrated Australian Shares Wholesale

The objective of the Advance Concentrated Australian Shares Wholesale managed fund is 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.

The strategy of the Advance Concentrated Australian Shares Wholesale managed fund is 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.

The APIR code of the Advance Concentrated Australian Shares Wholesale managed fund is ADV0115AU.

Advance Concentrated Australian Shares Wholesale’s total return last month was -7.59%. This was made up of a growth return of -8.97% and an income return of 1.38%. These returns were calculated as at 30 Jun 2015.

Advance Concentrated Australian Shares Wholesale’s total return for the last three months was -7.44%. This was made up of a growth return of -8.83% and an income return of 1.39%%. These returns were calculated as at 30 Jun 2015.

Advance Concentrated Australian Shares Wholesale’s one-year total return is 4.03%. This was made up of a growth return of 0.64% and an income return of 3.39%. These returns were calculated as at 30 Jun 2015.

Advance Concentrated Australian Shares Wholesale’s one-year total return is 13.83%. This was made up of a growth return of 10.12% and an income return of 3.71%. These returns were calculated as at 30 Jun 2015.

The asset allocation of the Advance Concentrated Australian Shares Wholesale managed fund is :

Australian Equities
97.76%
Cash
2.24%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Advance Concentrated Australian Shares Wholesale managed fund is Advance Asset Management Limited.

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

As at 30 Jun 2015, the size of the Advance Concentrated Australian Shares Wholesale managed fund was $7.79 million.

The Advance Concentrated Australian Shares Wholesale managed fund has an inception date of 1 Sep 2005.

The current entry price of the Advance Concentrated Australian Shares Wholesale managed fund is $0.7764 per unit and the current exit price is $0.7724 per unit (as at 28 Jul 2015).

The current exit price of the Advance Concentrated Australian Shares Wholesale managed fund is $0.7724 per unit and the current entry price is $0.7764 per unit (as at 28 Jul 2015).

The minimum initial investment amount for the Advance Concentrated Australian Shares Wholesale managed fund is $10,000. Minimum additional investment is $10000.

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.