Advance Concentrated Australian Shares - Managed Fund

Fund Performance Comparison

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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.

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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 -7.7 -7.74 -0.3 2.75 8.57 12.29 6.26 -
Growth return -8.52 -8.56 -1.18 0.6 6.33 9.89 3.39 -
Income return 0.82 0.82 0.88 2.15 2.24 2.4 2.87 -
Market index (S&P/ASX 200 TR AUD)
Total return 3.28 4.8 9.24 25.98 11.7 12.66 9.9 8.5
As as 30 Jun 2015. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Advance Concentrated Australian Shares
Australian Equities
97.76%
Cash
2.24%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
92.74%
Cash
3.02%
International Equities
0.89%
Property
3.25%
Fixed Interest
0.05%
Alternatives
0.05%

General Information

Fund Details
Type Description
Advance Concentrated Australian Shares
Closed
Advance Asset Management Limited
ADV0114AU
Equity Australia Large Growth
star (as at 30 Jun 2015)
Investment Fund
1 Sep 2005
$1.3 million (as at 30 Jun 2015)
$0.8199 (as at 28 Jul 2015)
$0.8157 (as at 28 Jul 2015)
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.
Offer information
Type Description
Standard entry fee 4.10%
Indirect Cost Ratio (ICR) 1.99% (as at 30 Jun 2015)
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 Limited Equity 11.49%
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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 cannot 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.

How is your fund performing?

Out of the 5,494 Australian funds researched with a 10 year track record, 81% underperform the industry standard benchmarks by an average of 2.12%, with average fees of 1.79%^.

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Our Managed Funds

Returns Since Inception
InvestSMART International Equities 12.09%
Intelligent Investor Equity Growth 10.27%
InvestSMART High Growth 9.68%
Intelligent Investor Australian Small Companies Fund 8.88%
Intelligent Investor Equity Income 8.78%
InvestSMART Growth 8.70%
InvestSMART Diversified Property and Infrastructure 8.59%
InvestSMART Balanced 7.00%
InvestSMART Conservative 5.40%
InvestSMART Hybrid Income 4.30%
InvestSMART Interest Income 3.56%