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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
{{ fund.fees | percentage:2 }} N/A {{ fund.benchmark.peers.mer | percentage:2 }} {{ fund.model.mer | percentage:2 }}

* 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 (31 Aug 2000)

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 0.48 1.73 -6.49 5.16 5.44 - - -
Growth return 0.04 0.34 -9.07 -0.03 -0.25 - - -
Income return 0.44 1.39 2.58 5.19 5.69 - - -

Market index (Bloomberg AusBond Composite 0+Y TR AUD)

Total return 0.69 1.18 0.68 1.67 2.09 2.93 4.07 6.07

Asset Allocation (31 Aug 2000)

Australian Equities 0%
International Equities 0%
Cash 16.59%
Property 0%
Fixed Interest 83.41%
Alternatives 0%
Asset Allocation

General Information

Advance MultiFund Monthly Income Wholesale (Wholesale)
Advance Asset Management Limited
Bonds - Australia
Not Rated
Investment Fund
23 Mar 1998
$0.26 million (as at 30 Sep 2000)
$0.9969 (as at 25 Oct 2000)

Objectives and Strategy

To provide a high level of security and a monthly income, over periods of one year or longer. The Manager aims to provide investors with a total investment return (before fees) which is at least equal to the Warburg Dillon Read Bank Bill Index. Suggested minimum investment period is 1 year.
Invests in Australian assets, principally in cash and money market securities, fixed interest securities which may include Commonwealth and State governments, semi-government and corporate bonds, and other interest bearing securities. The manager may invest the Fund's investments up to a maximum average duration of 6 months.

Offer information

Minimum initial investment $50,000

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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