All Star KFM Income - Managed Fund

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Fund Performance Comparison

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Fee comparison

NOTE: Over the long term, higher fees lead to lower returns

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* A benchmark is an arbitary calculation that does not have any fees. Hence why in the long term the majority of fund managers underperform their benchmark by the cost of their fees. InvestSMART provides low cost funds that track their benchmark.

Fund performance (31 May 2018)

NOTE : returns for periods greater than 1 year are annualised
  1 Month % 3 Month % 6 Month % 1 Year % p.a. 2 Year % p.a. 3 Year % p.a. 5 Year % p.a. 10 Year % p.a.
Total return -0.18 -0.5 -1.18 1.07 5.27 4.33 5.47 4.96
Growth return -0.18 -1.19 -3.32 -4.78 -1.14 -1.95 -0.78 -1.1
Income return 0 0.69 2.14 5.85 6.41 6.28 6.25 6.06

Market index (Bloomberg AusBond Composite 0+Y TR AUD)

Total return 0.69 1.18 0.68 1.67 2.09 2.93 4.07 6.07

Asset Allocation (31 May 2018)

Australian Equities 15.43%
International Equities 0%
Cash 6.13%
Property 18.60%
Fixed Interest 58.09%
Alternatives 1.75%
Asset Allocation

General Information

All Star KFM Income
Equity Trustees Ltd
VEN0007AU
Multi-Strategy Income
starstarstarstar (as at 31 May 2018)
Investment Fund
12 Jul 2007
$23.74 million (as at 31 May 2018)
$0.8501 (as at 19 Jun 2018)
$0.8458 (as at 19 Jun 2018)

Objectives and Strategy

To provide an income stream in excess of the 1-year Bank Bill Swap Rate (BBSW) which is the fund's benchmark. The fund is managed on an absolute basis and aims to produce a consistent return largely comprised of income generated from a diversified portfolio of liquid and Australian Securities Exchange ('ASX') listed securities, coupled with low volatility and some capital growth over time.
The Fund invests predominantly in high yielding securities listed on the ASX such as hybrid securities and corporate bonds (fixed and floating), unsecured fixed interest investments, property trusts, preference shares, utilities and infrastructure securities and high yielding ordinary shares, particularly bank shares, as well as government bonds and cash.

Offer information

Indirect Cost Ratio (ICR) 1.86% (as at 30 Jun 2017)
Performance fee (not included in ICR) 0.97
Minimum initial investment $20,000
Minimum additional investments $5,000.00
Minimum redemption amount $5,000.00

Top 10 holdings (as at 31 May 2018)

Holding Type % of Portfolio
Suncorp Group Ltd Capital Notes 2017 Preferred Stock 6.40%
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DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

Data shown on this website is sourced by Morningstar
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