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Fund Performance Comparison

This fund is benchmarked against the {{ }} index.

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 2016)

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 -0.19 -1.11 -2.26 -4.22 -2.08 0.36 1.35 0.04
Growth return -0.19 -1.11 -2.26 -4.22 -2.08 0.36 1.35 -0.95
Income return 0 0 0 0 0 0 0 0.99

Market index (RBA Bank accepted Bills 90 Days)

Total return 0.16 0.5 0.93 1.79 1.79 1.93 2.2 3.26

Asset Allocation (30 Jun 2016)

Australian Equities 0%
International Equities 0%
Cash 0%
Property 0%
Fixed Interest 0%
Alternatives 100%
Asset Allocation

General Information

Advance Global Alpha Wholesale
Advance Asset Management Limited
Alternative Strategies ? Diversified
starstarstar (as at 31 Mar 2015)
Investment Fund
16 Sep 2005
$0.43 million (as at 31 May 2017)
$0.1219 (as at 31 May 2017)
$0.1211 (as at 31 May 2017)

Objectives and Strategy

The Fund aims to achieve returns of 10% p.a. (before fees and taxes) above its benchmark (60% Morgan Stanley Capital International World Accumulation Index (currency unhedged to the Australian dollar) and 40% Citigroup World Government Bond Index - currency hedged back to Australian dollars)) over the medium to long term.
The Fund aims to construct a diversified portfolio by gaining exposure to long and short positions across currency, industry, equity and bond markets via physical securities and derivatives. The Fund's exposure includes: - A wide range of global equities of those developed countries included in the MSCI World Index. - A wide range of global fixed interest of those developed countries represented in the Citigroup Index. - Cash and currency of those developed countries included in the MSCI World and Citigroup Indices.

Offer information

Indirect Cost Ratio (ICR) 0.95% (as at 30 Jun 2016)
Performance fee (not included in ICR) 0.01
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
Wbc Ncd 25feb11 Bond - Corporate Bond 12.75%
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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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