AFM Davis Value Trust A - Managed Fund

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.

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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 6.13 12.58 16.16 30.58 19.55 14.46 18.57 12.1
As as 30 Apr 2010. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

International Equities
100%

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)
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.
Offer information
Type Description
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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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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76%*

Underperform the industry standard benchmarks

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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 12.60%
Intelligent Investor Equity Growth 12.50%
Intelligent Investor Equity Income 11.80%
InvestSMART Australian Small Companies Fund 10.15%
InvestSMART High Growth 9.51%
InvestSMART Core Growth 8.38%
InvestSMART Balanced 6.52%
InvestSMART Diversified Property and Infrastructure 5.75%
InvestSMART Hybrid Income 5.03%
InvestSMART Diversified Income 4.82%
InvestSMART Interest Income 2.29%

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

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