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  5. Advance Future Growth Wholesale - Managed fund profile

Advance Future Growth Wholesale - Managed Fund (Closed)

Fund Objective
To provide long-term capital growth with some tax-effective half-yearly income and with a high probability of positive total returns over any 5 year period. Suggested minimum timeframe is 5 years.
Fund Strategy
Invests in a diverse mix of assets, with an emphasis on growth-orientated assets. Target asset allocation: Australian shares 44%, international shares 27%, Australian fixed interest 10%, international fixed interest 9%, listed property 6% and cash 4%. The asset mix is reviewed frequently taking into account market and economic conditions. The Fund uses a blend of portfolio managers, through investment in the single sector funds.

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 0.1% 2.43% 5.21% 14.02% 10.12% -% -% -%
Growth return 0.1% 2.43% -3.85% 4.19% 0.89% -% -% -%
Income return 0% 0% 9.06% 9.83% 9.23% -% -% -%
Market index (Morningstar AUS Growth Tgt Alloc NR AUD)
Total return 1.9% 5.39% 7.14% 12.12% 12.75% 11.38% 8.95% 8.08%
As at 31 Oct 2000. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Advance Future Growth Wholesale
Australian Equities
39.85%
International Equities
33.45%
Cash
2.40%
Property & Infrastructure
4.84%
Fixed Interest
19.46%
Alternatives
0%
Average Allocation of Peers
Australian Equities
27.27%
International Equities
35.24%
Cash
6.11%
Property & Infrastructure
6.35%
Fixed Interest
21.01%
Alternatives
4.02%

General Information

Fund Details
Type Description
Advance Future Growth Wholesale (Wholesale)
Closed
Advance Asset Management Limited
ADV0048AU
Multisector Growth
Not Rated
Investment Fund
23 Mar 1998
$0.01 million (as at 31 Oct 2000)
$1.1373 (as at 20 Nov 2000)
$1.1305 (as at 20 Nov 2000)
Finalised
Offer information
Type Description
MER 0.85% (as at 30 Jun 2000)
Minimum initial investment $50,000

FAQs about the Advance Future Growth Wholesale

The objective of the Advance Future Growth Wholesale managed fund is To provide long-term capital growth with some tax-effective half-yearly income and with a high probability of positive total returns over any 5 year period. Suggested minimum timeframe is 5 years.

The strategy of the Advance Future Growth Wholesale managed fund is Invests in a diverse mix of assets, with an emphasis on growth-orientated assets. Target asset allocation: Australian shares 44%, international shares 27%, Australian fixed interest 10%, international fixed interest 9%, listed property 6% and cash 4%. The asset mix is reviewed frequently taking into account market and economic conditions. The Fund uses a blend of portfolio managers, through investment in the single sector funds.

The APIR code of the Advance Future Growth Wholesale managed fund is ADV0048AU.

Advance Future Growth Wholesale’s total return last month was 0.1%. This was made up of a growth return of 0.1% and an income return of 0%. These returns were calculated as at 31 Oct 2000.

Advance Future Growth Wholesale’s total return for the last three months was 2.43%. This was made up of a growth return of 2.43% and an income return of 0%%. These returns were calculated as at 31 Oct 2000.

Advance Future Growth Wholesale’s one-year total return is 14.02%. This was made up of a growth return of 4.19% and an income return of 9.83%. These returns were calculated as at 31 Oct 2000.

Advance Future Growth Wholesale’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Oct 2000.

The asset allocation of the Advance Future Growth Wholesale managed fund is :

Australian Equities
39.85%
International Equities
33.45%
Cash
2.40%
Property & Infrastructure
4.84%
Fixed Interest
19.46%
Alternatives
0%

The Responsible Entity for the Advance Future Growth Wholesale managed fund is Advance Asset Management Limited.

The Advance Future Growth Wholesale managed fund belongs to the Multisector Growth sector/asset class.

As at 31 Oct 2000, the size of the Advance Future Growth Wholesale managed fund was $0.01 million.

The Advance Future Growth Wholesale managed fund has an inception date of 23 Mar 1998.

The current entry price of the Advance Future Growth Wholesale managed fund is $1.1373 per unit and the current exit price is $1.1305 per unit (as at 20 Nov 2000).

The current exit price of the Advance Future Growth Wholesale managed fund is $1.1305 per unit and the current entry price is $1.1373 per unit (as at 20 Nov 2000).

The minimum initial investment amount for the Advance Future Growth Wholesale managed fund is $50,000.

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.