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  5. Advance Income Investment Fund - Managed fund profile

Advance Income Investment Fund - Managed Fund (Closed)

Fund Objective
Maximum income with reduced exposure to the risk of change in capital values (whether an increase or a decrease).
Fund Strategy
Invest in debentures mortgage backed securities secured loans unsecured deposits corporate promissory notes and government and semi-government securities.

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.
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Fees Comparison

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% p.a.
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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 0.9% 2.43% 4.86% 14.82% -% -% -% -%
Growth return 0.9% 2.43% 4.86% 14.82% -% -% -% -%
Income return 0% 0% 0% 0% -% -% -% -%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return 0.33% 1.05% 3.11% 4.31% 4.73% 3.74% -0.03% 2.14%
As at 31 Dec 1988. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.
Average Allocation of Peers
Fixed Interest
92.51%
Australian Equities
0.63%
International Equities
0.02%
Cash
6.57%
Property & Infrastructure
0.02%
Alternatives
0.25%

General Information

Fund Details
Type Description
Advance Income Investment Fund
Closed
Advance Asset Management Limited
Bonds - Australia
Not Rated
Superannuation Fund
29 May 1987
$0.4 million (as at 31 Dec 1988)
n/a
$0.5741 (as at 29 Dec 1988)
Finalised
Offer information
Type Description

FAQs about the Advance Income Investment Fund

The objective of the Advance Income Investment Fund managed fund is Maximum income with reduced exposure to the risk of change in capital values (whether an increase or a decrease).

The strategy of the Advance Income Investment Fund managed fund is Invest in debentures mortgage backed securities secured loans unsecured deposits corporate promissory notes and government and semi-government securities.

The APIR code of the Advance Income Investment Fund managed fund is .

Advance Income Investment Fund’s total return last month was 0.9%. This was made up of a growth return of 0.9% and an income return of 0%. These returns were calculated as at 31 Dec 1988.

Advance Income Investment Fund’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 Dec 1988.

Advance Income Investment Fund’s one-year total return is 14.82%. This was made up of a growth return of 14.82% and an income return of 0%. These returns were calculated as at 31 Dec 1988.

Advance Income Investment Fund’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 Dec 1988.

The asset allocation of the Advance Income Investment Fund managed fund is :

Fixed Interest
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Alternatives
0%

The Responsible Entity for the Advance Income Investment Fund managed fund is Advance Asset Management Limited.

The Advance Income Investment Fund managed fund belongs to the Bonds - Australia sector/asset class.

As at 31 Dec 1988, the size of the Advance Income Investment Fund managed fund was $0.4 million.

The Advance Income Investment Fund managed fund has an inception date of 29 May 1987.

The current entry price of the Advance Income Investment Fund managed fund is $ per unit and the current exit price is $0.5741 per unit (as at 29 Dec 1988).

The current exit price of the Advance Income Investment Fund managed fund is $0.5741 per unit and the current entry price is $ per unit (as at 29 Dec 1988).

The minimum initial investment amount for the Advance Income Investment Fund managed fund is $.

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.