InvestSMART
  1. Home
  2. Research & Advice
  3. Research Tools
  4. Managed Funds
  5. Advance MultiFund Monthly Income - Managed fund profile

Advance MultiFund Monthly Income - Managed Fund (Closed)

Fund Objective
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.
Fund Strategy
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.

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}
Peers
Benchmark ({{ fund.benchmark.name }})
{{ fund.model.name }}
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.
grow your money
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns.
Free Fees Report
investing
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers.
Free investor guide
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns. Free Fees Report
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers. Free investor guide

Fees Comparison

{{ fund.mer | number:2 }}
% p.a.
{{ fund.name }}
{{ modelPortfolio.mer * 100 | number:2 }}
% p.a.
{{ modelPortfolio.name }}
{{ fund.benchmark.peers.mer * 100 | number:2 }}
% p.a.
Average of peers ({{ fund.benchmark.peers.peerCount }})
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.
Upsell Banner

Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.47% 1.61% 2.69% 4.74% 4.22% 4.13% 4.89% -%
Growth return 0.1% 0.4% 0.21% -0.04% -0.27% -0.19% -0.07% -%
Income return 0.37% 1.21% 2.48% 4.78% 4.49% 4.32% 4.96% -%
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 Aug 2000. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Advance MultiFund Monthly Income
Cash
16.59%
Fixed Interest
83.41%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%
Average Allocation of Peers
Cash
6.60%
Fixed Interest
92.48%
Australian Equities
0.62%
International Equities
0.02%
Property & Infrastructure
0.02%
Alternatives
0.25%

General Information

Fund Details
Type Description
Advance MultiFund Monthly Income
Closed
Advance Asset Management Limited
ADV0021AU
Bonds - Australia
Not Rated
Investment Fund
1 Apr 1992
$2.67 million (as at 31 Aug 2000)
n/a
$0.9969 (as at 25 Oct 2000)
Finalised
Offer information
Type Description
Standard entry fee 4.10%
MER 1.25% (as at 30 Jun 1998)
Minimum initial investment $2,000.00

FAQs about the Advance MultiFund Monthly Income

The objective of the Advance MultiFund Monthly Income managed fund is 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.

The strategy of the Advance MultiFund Monthly Income managed fund is 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.

The APIR code of the Advance MultiFund Monthly Income managed fund is ADV0021AU.

Advance MultiFund Monthly Income’s total return last month was 0.47%. This was made up of a growth return of 0.1% and an income return of 0.37%. These returns were calculated as at 31 Aug 2000.

Advance MultiFund Monthly Income’s total return for the last three months was 1.61%. This was made up of a growth return of 0.4% and an income return of 1.21%%. These returns were calculated as at 31 Aug 2000.

Advance MultiFund Monthly Income’s one-year total return is 4.74%. This was made up of a growth return of -0.04% and an income return of 4.78%. These returns were calculated as at 31 Aug 2000.

Advance MultiFund Monthly Income’s one-year total return is 4.13%. This was made up of a growth return of -0.19% and an income return of 4.32%. These returns were calculated as at 31 Aug 2000.

The asset allocation of the Advance MultiFund Monthly Income managed fund is :

Cash
16.59%
Fixed Interest
83.41%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%

The Responsible Entity for the Advance MultiFund Monthly Income managed fund is Advance Asset Management Limited.

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

As at 31 Aug 2000, the size of the Advance MultiFund Monthly Income managed fund was $2.67 million.

The Advance MultiFund Monthly Income managed fund has an inception date of 1 Apr 1992.

The current entry price of the Advance MultiFund Monthly Income managed fund is $ per unit and the current exit price is $0.9969 per unit (as at 25 Oct 2000).

The current exit price of the Advance MultiFund Monthly Income managed fund is $0.9969 per unit and the current entry price is $ per unit (as at 25 Oct 2000).

The minimum initial investment amount for the Advance MultiFund Monthly Income managed fund is $2,000.

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.