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  5. Advance Growth Multi-blend - Managed fund profile

Advance Growth Multi-blend - Managed Fund (Closed)

Fund Objective
The fund seeks to provide high total returns (before fees and taxes) over the long term through capital growth by investing predominantly in growth assets.
Fund Strategy
The Fund invests in a diverse mix of assets with an emphasis on the growth oriented assets of Australian and international shares (around 85%) and investment in defensive assets of cash and fixed interest (around 15%) providing some income and stability of returns. The Fund's exposure to these asset classes will be obtained primarily by investing directly into our sector specific 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 -0.3% 3.78% 4.81% 8.03% -0.91% 6.93% 4.6% 5.99%
Growth return -1.65% 1.25% 6.4% 15.71% 4.89% 4.89% 0.24% 0.78%
Income return 1.35% 2.53% -1.59% -7.68% -5.8% 2.04% 4.36% 5.21%
Market index (Morningstar AUS Agg Tgt Alloc NR AUD)
Total return 2.21% 6.59% 8.29% 14.58% 15.23% 13.97% 11.61% 9.87%
As at 31 Aug 2023. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Advance Growth Multi-blend
Australian Equities
32.26%
International Equities
44.51%
Cash
2.90%
Property & Infrastructure
8.41%
Fixed Interest
6.86%
Alternatives
5.05%
Average Allocation of Peers
Australian Equities
34.25%
International Equities
49.72%
Cash
2.42%
Property & Infrastructure
4.65%
Fixed Interest
5.34%
Alternatives
3.61%

General Information

Fund Details
Type Description
Advance Growth Multi-blend
Closed
ADV0024AU
Multisector Aggressive
star (as at 31 Jul 2023)
Investment Fund
1 Apr 1992
$11.78 million (as at 28 Feb 2021)
$0.7916 (as at 5 Sep 2023)
$0.7916 (as at 5 Sep 2023)
Finalised
Offer information
Type Description
Standard entry fee 4.10%
MER 1.44% (as at 1 Dec 2024)
Indirect Cost Ratio (ICR) 1.41% (as at 30 Jun 2024)
Performance fee (not included in ICR) Not Available
Minimum initial investment $5,000.00
Minimum additional investments $500.00
Minimum redemption amount $500.00

Top 10 holdings (as at 31 Mar 2023)

Holding (as at 31 Mar 2023) Type % of Portfolio
Advance Australia Shr Multi-Blend Mutual Fund - Open End 29.63%
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FAQs about the Advance Growth Multi-blend

The objective of the Advance Growth Multi-blend managed fund is The fund seeks to provide high total returns (before fees and taxes) over the long term through capital growth by investing predominantly in growth assets.

The strategy of the Advance Growth Multi-blend managed fund is The Fund invests in a diverse mix of assets with an emphasis on the growth oriented assets of Australian and international shares (around 85%) and investment in defensive assets of cash and fixed interest (around 15%) providing some income and stability of returns. The Fund's exposure to these asset classes will be obtained primarily by investing directly into our sector specific funds.

The APIR code of the Advance Growth Multi-blend managed fund is ADV0024AU.

Advance Growth Multi-blend’s total return last month was -0.3%. This was made up of a growth return of -1.65% and an income return of 1.35%. These returns were calculated as at 31 Aug 2023.

Advance Growth Multi-blend’s total return for the last three months was 3.78%. This was made up of a growth return of 1.25% and an income return of 2.53%%. These returns were calculated as at 31 Aug 2023.

Advance Growth Multi-blend’s one-year total return is 8.03%. This was made up of a growth return of 15.71% and an income return of -7.68%. These returns were calculated as at 31 Aug 2023.

Advance Growth Multi-blend’s one-year total return is 6.93%. This was made up of a growth return of 4.89% and an income return of 2.04%. These returns were calculated as at 31 Aug 2023.

The asset allocation of the Advance Growth Multi-blend managed fund is :

Australian Equities
32.26%
International Equities
44.51%
Cash
2.90%
Property & Infrastructure
8.41%
Fixed Interest
6.86%
Alternatives
5.05%

The Advance Growth Multi-blend managed fund belongs to the Multisector Aggressive sector/asset class.

As at 28 Feb 2021, the size of the Advance Growth Multi-blend managed fund was $11.78 million.

The Advance Growth Multi-blend managed fund has an inception date of 1 Apr 1992.

The current entry price of the Advance Growth Multi-blend managed fund is $0.7916 per unit and the current exit price is $0.7916 per unit (as at 5 Sep 2023).

The current exit price of the Advance Growth Multi-blend managed fund is $0.7916 per unit and the current entry price is $0.7916 per unit (as at 5 Sep 2023).

The minimum initial investment amount for the Advance Growth Multi-blend managed fund is $5,000. Minimum additional investment is $500.

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.