Affluence LIC Fund - Managed Fund

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.

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 2.07 0.28 -2.22 2.74 6.93 - - -
Growth return 2.07 -1.02 -4.66 -4.6 -0.56 - - -
Income return 0 1.3 2.44 7.34 7.49 - - -
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.17 0.5 0.99 1.97 1.86 1.89 2.11 2.99
As as 31 Jan 2019. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation


General Information

Fund Details
Type Description
Affluence LIC Fund
Affluence Funds Management Pty Ltd
Alternative Strategies ? Diversified
Not Rated
Investment Fund
3 May 2016
$5.29 million (as at 31 Jan 2019)
$1.1065 (as at 31 Jan 2019)
$1.1043 (as at 31 Jan 2019)
Fund Objective
The Fund aims to provide you with: A total annualised return (distributions plus increase in unit price) after all fees and costs in excess of the ASX 200 Index over rolling 3 year periods. Access to a diversified portfolio of predominantly equity based investments. Volatility of returns which is significantly less than the ASX 200 Index, measured over rolling 3 year periods. A minimum distribution yield of 5% per annum, paid quarterly.
Fund Strategy
The Fund seeks to invest in 20 to 35 LICs. The Fund invest in a way which the advisor believes balances maximum returns with low volatility. The Fund aims to invest in LICs that meet one or more of the following criteria: Alpha Generators - LICs that can outperform the market. Discount Capture - LICs trading at attractive discounts to NTA. Event Driven - special situations such as IPO's, capital raisings and other corporate activities.
Offer information
Type Description
Minimum initial investment $20,000
Minimum additional investments $1,000.00

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 cannot 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.

How is your fund performing?

Out of the 5,312 Australian funds researched with a 10 year track record, 76% underperform the industry standard benchmarks by an average of 1.75%, with average fees of 1.73%*.

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*Analysis based on data sourced from Morningstar, as at May 2018. Funds that had a 10-year track record were analysed against the standard industry benchmarks. Whilst InvestSMART has taken care in producing these numbers, guarantees cannot be made around the complete accuracy of these figures.

Our Managed Funds

Returns Since Inception *
InvestSMART International Equities 9.33%
Intelligent Investor Equity Income 7.66%
Intelligent Investor Equity Growth 7.22%
InvestSMART High Growth 7.10%
InvestSMART Core Growth 6.62%
InvestSMART Diversified Property and Infrastructure 5.31%
InvestSMART Balanced 5.28%
InvestSMART Hybrid Income 4.36%
InvestSMART Diversified Income 4.10%
InvestSMART Australian Small Companies Fund 2.80%
InvestSMART Interest Income 2.56%

* Returns p.a. since inception after investment & admin fees

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