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  5. AFM Davis Value Trust A - Managed fund profile

AFM Davis Value Trust A - Managed Fund (Closed)

Fund Objective
The Fund's investment objective is long-term capital growth. Davis follows approx 200 companies with a minimum market cap of $10 billion. Strong global leaders represent the largest percentage of the portfolio. Companies that are under-followed but have strong business fundamentals represent a smaller percentage of the portfolio. Companies that are controversial represent yet another smaller percentage of the portfolio.
Fund Strategy
The New York Venture Fund was est in 1969 and has since employed the investment discipline of purchasing high-quality well-managed businesses at discounted prices to their intrinsic value and then holding them for the long term. By focusing on long-term fundamentals, Davis exploits temporary pricing inefficiencies that occur in stock prices and believe that business valuations will ultimately be priced efficiently in relation to those fundamentals.

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 -% 4.11% 10.4% 9.89% -6.38% -9.08% -0.9% -%
Growth return 1.06% 3.35% 7.43% 9.61% -7.4% -11.39% -3.19% -%
Income return -% 0.76% 2.97% 0.28% 1.02% 2.31% 2.29% -%
Market index (MSCI USA NR AUD)
Total return 0.27% 7.73% 3.69% 20.26% 20.53% 21% 16.77% 14.88%
As at 30 Apr 2010. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

AFM Davis Value Trust A
International Equities
100%
Cash
0%
Property & Infrastructure
0%
Alternatives
0%
Average Allocation of Peers
International Equities
92.83%
Cash
0.85%
Property & Infrastructure
0.57%
Alternatives
5.76%

General Information

Fund Details
Type Description
AFM Davis Value Trust A (Wholesale)
Closed
Australian Wholesale Funds Marketing Ltd
AWF0001AU
Equity North America
Not Rated
Investment Fund
4 Jul 2002
$41.68 million (as at 31 May 2010)
$8.39013 (as at 18 Jun 2010)
$8.39013 (as at 18 Jun 2010)
Finalised
Offer information
Type Description
MER 0.45% (as at 30 Jun 2005)
Indirect Cost Ratio (ICR) 0.65% (as at 30 Jun 2009)
Minimum initial investment $50,000

Top 10 holdings (as at 31 May 2010)

Holding (as at 31 May 2010) Type % of Portfolio
Occidental Petroleum Corporation Equity 5.19%
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FAQs about the AFM Davis Value Trust A

The objective of the AFM Davis Value Trust A managed fund is The Fund's investment objective is long-term capital growth. Davis follows approx 200 companies with a minimum market cap of $10 billion. Strong global leaders represent the largest percentage of the portfolio. Companies that are under-followed but have strong business fundamentals represent a smaller percentage of the portfolio. Companies that are controversial represent yet another smaller percentage of the portfolio.

The strategy of the AFM Davis Value Trust A managed fund is The New York Venture Fund was est in 1969 and has since employed the investment discipline of purchasing high-quality well-managed businesses at discounted prices to their intrinsic value and then holding them for the long term. By focusing on long-term fundamentals, Davis exploits temporary pricing inefficiencies that occur in stock prices and believe that business valuations will ultimately be priced efficiently in relation to those fundamentals.

The APIR code of the AFM Davis Value Trust A managed fund is AWF0001AU.

AFM Davis Value Trust A’s total return last month was -%. This was made up of a growth return of 1.06% and an income return of -%. These returns were calculated as at 30 Apr 2010.

AFM Davis Value Trust A’s total return for the last three months was 4.11%. This was made up of a growth return of 3.35% and an income return of 0.76%%. These returns were calculated as at 30 Apr 2010.

AFM Davis Value Trust A’s one-year total return is 9.89%. This was made up of a growth return of 9.61% and an income return of 0.28%. These returns were calculated as at 30 Apr 2010.

AFM Davis Value Trust A’s one-year total return is -9.08%. This was made up of a growth return of -11.39% and an income return of 2.31%. These returns were calculated as at 30 Apr 2010.

The asset allocation of the AFM Davis Value Trust A managed fund is :

International Equities
100%
Cash
0%
Property & Infrastructure
0%
Alternatives
0%

The Responsible Entity for the AFM Davis Value Trust A managed fund is Australian Wholesale Funds Marketing Ltd.

The AFM Davis Value Trust A managed fund belongs to the Equity North America sector/asset class.

As at 31 May 2010, the size of the AFM Davis Value Trust A managed fund was $41.68 million.

The AFM Davis Value Trust A managed fund has an inception date of 4 Jul 2002.

The current entry price of the AFM Davis Value Trust A managed fund is $8.39013 per unit and the current exit price is $8.39013 per unit (as at 18 Jun 2010).

The current exit price of the AFM Davis Value Trust A managed fund is $8.39013 per unit and the current entry price is $8.39013 per unit (as at 18 Jun 2010).

The minimum initial investment amount for the AFM Davis Value Trust A 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.