InvestSMART

Affluence Investment Fund - Managed Fund

Fund Objective
The Fund also aims to deliver volatility of returns which is less than 50% of the ASX200 Index, measured over rolling 3 year periods.
Fund Strategy
The Fund aims to deliver above average results, but in a very different way to a traditional investment fund. We seek to invest with 20 to 35 Underlying Managers across all asset classes, predominantly through unlisted managed funds, in a way which we believe balances maximum returns with low volatility.

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 0.53% 4.12% 3.34% 5.61% 3.63% 6.4% 7.93% -%
Growth return 0.07% 2.7% 0.55% 0.08% -2.02% 0.55% 1.71% -%
Income return 0.46% 1.42% 2.79% 5.53% 5.65% 5.85% 6.22% -%
Market index (Morningstar AUS Balance Tgt Alloc NR AUD)
Total return 1.47% 6.21% 5.72% 10.34% 3.52% 4.19% 5.11% 5.89%
As at 31 Jan 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Affluence Investment Fund
Australian Equities
39.51%
International Equities
9.26%
Cash
5.29%
Property
12.13%
Fixed Interest
11.34%
Alternatives
22.49%
Average Allocation of Peers
Australian Equities
16.51%
International Equities
24.82%
Cash
10.94%
Property
4.32%
Fixed Interest
36.82%
Alternatives
6.59%

General Information

Fund Details
Type Description
Affluence Investment Fund
Affluence Funds Management Pty Ltd
AFX0001AU
Multisector Flexible
starstarstarstarstar (as at 31 Jan 2024)
Investment Fund
28 Nov 2014
$47.5 million (as at 31 Jan 2024)
$1.1351 (as at 31 Jan 2024)
$1.1295 (as at 31 Jan 2024)
Open
Offer information
Type Description
Indirect Cost Ratio (ICR) - Estimated 3.58% (as at 30 Jun 2022) (Estimated)
Performance fee (included in ICR) 2.22
Minimum initial investment $20,000
Minimum additional investments $1,000.00

Top 10 holdings (as at 30 Sep 2023)

Holding (as at 30 Sep 2023) Type % of Portfolio
Affluence LIC Fund Mutual Fund - Open End 15.45%
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FAQs about the Affluence Investment Fund

The objective of the Affluence Investment Fund managed fund is The Fund also aims to deliver volatility of returns which is less than 50% of the ASX200 Index, measured over rolling 3 year periods.

The strategy of the Affluence Investment Fund managed fund is The Fund aims to deliver above average results, but in a very different way to a traditional investment fund. We seek to invest with 20 to 35 Underlying Managers across all asset classes, predominantly through unlisted managed funds, in a way which we believe balances maximum returns with low volatility.

The APIR code of the Affluence Investment Fund managed fund is AFX0001AU.

Affluence Investment Fund’s total return last month was 0.53%. This was made up of a growth return of 0.07% and an income return of 0.46%. These returns were calculated as at 31 Jan 2024.

Affluence Investment Fund’s total return for the last three months was 4.12%. This was made up of a growth return of 2.7% and an income return of 1.42%%. These returns were calculated as at 31 Jan 2024.

Affluence Investment Fund’s one-year total return is 5.61%. This was made up of a growth return of 0.08% and an income return of 5.53%. These returns were calculated as at 31 Jan 2024.

Affluence Investment Fund’s one-year total return is 6.4%. This was made up of a growth return of 0.55% and an income return of 5.85%. These returns were calculated as at 31 Jan 2024.

The asset allocation of the Affluence Investment Fund managed fund is :

Australian Equities
39.51%
International Equities
9.26%
Cash
5.29%
Property
12.13%
Fixed Interest
11.34%
Alternatives
22.49%

The Responsible Entity for the Affluence Investment Fund managed fund is Affluence Funds Management Pty Ltd.

The Affluence Investment Fund managed fund belongs to the Multisector Flexible sector/asset class.

As at 31 Jan 2024, the size of the Affluence Investment Fund managed fund was $47.5 million.

The Affluence Investment Fund managed fund has an inception date of 28 Nov 2014.

The current entry price of the Affluence Investment Fund managed fund is $1.1351 per unit and the current exit price is $1.1295 per unit (as at 31 Jan 2024).

The current exit price of the Affluence Investment Fund managed fund is $1.1295 per unit and the current entry price is $1.1351 per unit (as at 31 Jan 2024).

The minimum initial investment amount for the Affluence Investment Fund managed fund is $20,000. Minimum additional investment is $1000.

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.