InvestSMART

Advance MultiFund Australian Bond Wholesale - Managed Fund (Closed)

Fund Objective
To provide a relatively secure income stream and a total investment return (before fees) which is at least equal to the UBS Warburg Composite Bond Index over periods of three years or longer. Suggested minimum timeframe is 3 years.
Fund Strategy
Invests in a wide range of Australian securities such as Commonwealth, State, local, semi-government, corporate bonds and other interest bearing securities. The Fund may also invest in cash and money market securities. Current portfolio manager is Advance Asset Management Limited.

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 0.38% 1.95% 4.82% 9.46% 4.68% -% -% -%
Growth return 0.38% 0.25% 0.9% 0.39% -4.73% -% -% -%
Income return 0% 1.7% 3.92% 9.07% 9.41% -% -% -%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return 0.1% 0.4% 3.04% 4.09% 5.59% 4.25% -0.23% 2.12%
As at 31 Oct 2000. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Advance MultiFund Australian Bond Wholesale
Cash
5.21%
Fixed Interest
94.79%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%
Average Allocation of Peers
Cash
6.33%
Fixed Interest
92.76%
Australian Equities
0.63%
International Equities
0.01%
Property & Infrastructure
0.02%
Alternatives
0.25%

General Information

Fund Details
Type Description
Advance MultiFund Australian Bond Wholesale (Wholesale)
Closed
Advance Asset Management Limited
ADV0044AU
Bonds - Australia
Not Rated
Investment Fund
23 Mar 1998
$0.19 million (as at 31 Oct 2000)
$1.0328 (as at 20 Nov 2000)
$1.0328 (as at 20 Nov 2000)
Finalised
Offer information
Type Description
MER 0.55% (as at 30 Jun 2000)
Minimum initial investment $50,000

FAQs about the Advance MultiFund Australian Bond Wholesale

The objective of the Advance MultiFund Australian Bond Wholesale managed fund is To provide a relatively secure income stream and a total investment return (before fees) which is at least equal to the UBS Warburg Composite Bond Index over periods of three years or longer. Suggested minimum timeframe is 3 years.

The strategy of the Advance MultiFund Australian Bond Wholesale managed fund is Invests in a wide range of Australian securities such as Commonwealth, State, local, semi-government, corporate bonds and other interest bearing securities. The Fund may also invest in cash and money market securities. Current portfolio manager is Advance Asset Management Limited.

The APIR code of the Advance MultiFund Australian Bond Wholesale managed fund is ADV0044AU.

Advance MultiFund Australian Bond Wholesale’s total return last month was 0.38%. This was made up of a growth return of 0.38% and an income return of 0%. These returns were calculated as at 31 Oct 2000.

Advance MultiFund Australian Bond Wholesale’s total return for the last three months was 1.95%. This was made up of a growth return of 0.25% and an income return of 1.7%%. These returns were calculated as at 31 Oct 2000.

Advance MultiFund Australian Bond Wholesale’s one-year total return is 9.46%. This was made up of a growth return of 0.39% and an income return of 9.07%. These returns were calculated as at 31 Oct 2000.

Advance MultiFund Australian Bond 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 MultiFund Australian Bond Wholesale managed fund is :

Cash
5.21%
Fixed Interest
94.79%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%

The Responsible Entity for the Advance MultiFund Australian Bond Wholesale managed fund is Advance Asset Management Limited.

The Advance MultiFund Australian Bond Wholesale managed fund belongs to the Bonds - Australia sector/asset class.

As at 31 Oct 2000, the size of the Advance MultiFund Australian Bond Wholesale managed fund was $0.19 million.

The Advance MultiFund Australian Bond Wholesale managed fund has an inception date of 23 Mar 1998.

The current entry price of the Advance MultiFund Australian Bond Wholesale managed fund is $1.0328 per unit and the current exit price is $1.0328 per unit (as at 20 Nov 2000).

The current exit price of the Advance MultiFund Australian Bond Wholesale managed fund is $1.0328 per unit and the current entry price is $1.0328 per unit (as at 20 Nov 2000).

The minimum initial investment amount for the Advance MultiFund Australian Bond 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.