Advance Concentrated Australian Shares - Managed Fund

Fund Performance Comparison

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Fees Comparison

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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 3.27 8.47 4.29 13.01 13.55 9.04 9.98 6.4
As as 30 Jun 2015. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Australian Equities
97.76%
Cash
2.24%

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
$0.22 million (as at 31 Aug 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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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.

How is your fund performing?

Out of the 5,312 Australian funds researched with a 10 year track record, 76% underperform the industry standard benchmarks by an average of 1.75%, with average fees of 1.73%.

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76%

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Our Managed Funds

Returns Since Inception *
Intelligent Investor Equity Income 12.36%
InvestSMART International Equities 11.46%
Intelligent Investor Equity Growth 11.28%
InvestSMART Australian Small Companies Fund 10.65%
InvestSMART Core Growth 7.81%
InvestSMART Diversified Property and Infrastructure 5.31%
InvestSMART Diversified Income 4.50%
InvestSMART Hybrid Income 3.81%
InvestSMART Interest Income 2.13%

* Returns p.a. since inception after investment & admin fees

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