InvestSMART
  1. Home
  2. Research & Advice
  3. Research Tools
  4. Managed Funds
  5. Altair Income Fund - Managed fund profile

Altair Income Fund - Managed Fund (Closed)

Fund Objective
The Fund primarily aims to provide dividend income that exceeds the dividend yield of the S&P/ASX200 Accumulation Index (the 'Benchmark') (grossed up for franking credits) over rolling 5 year periods, and provide capital growth over the long term. The Fund also aims to outperform the Benchmark, after fees and costs and before tax, over rolling 5 year periods.
Fund Strategy
The Fund aims to be fully invested in Australian shares, but may hold up to 20% in cash/cash equivalent investments. The Fund invests primarily in Australian shares within the S&P/ASX 200 Index, with a focus on high quality companies that have the potential to deliver a stable, tax-effective recurring income stream.

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}
Peers
Benchmark ({{ fund.benchmark.name }})
{{ fund.model.name }}
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.
grow your money
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns.
Free Fees Report
investing
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers.
Free investor guide
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns. Free Fees Report
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers. Free investor guide

Fees Comparison

{{ fund.mer | number:2 }}
% p.a.
{{ fund.name }}
{{ modelPortfolio.mer * 100 | number:2 }}
% p.a.
{{ modelPortfolio.name }}
{{ fund.benchmark.peers.mer * 100 | number:2 }}
% p.a.
Average of peers ({{ fund.benchmark.peers.peerCount }})
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.
Upsell Banner

Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 1.72% 7.94% 12.13% 13.45% 5.04% 7.77% -% -%
Growth return 1.72% 7.35% 10.9% 8.98% 0.35% 2.54% -% -%
Income return 0% 0.59% 1.23% 4.47% 4.69% 5.23% -% -%
Market index (S&P/ASX 200 TR AUD)
Total return 3.1% 7.03% 11.65% 14.74% 14.82% 13.04% 12.32% 9.87%
As at 30 Apr 2017. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Altair Income Fund
Australian Equities
98.47%
Cash
1.53%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.73%
Cash
-0.80%
International Equities
4.83%
Property & Infrastructure
1.41%
Fixed Interest
0.26%
Alternatives
0.58%

General Information

Fund Details
Type Description
Altair Income Fund (Wholesale)
Closed
Altair Assets Ltd
PAR0002AU
Equity Australia Large Blend
starstarstarstar (as at 30 Apr 2017)
Investment Fund
20 Feb 2014
$7.62 million (as at 31 Mar 2017)
$1.066 (as at 18 May 2017)
$1.0606 (as at 18 May 2017)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.34% (as at 30 Jun 2016)
Minimum initial investment $50,000
Minimum additional investments $5,000.00
Minimum redemption amount $5,000.00

Top 10 holdings (as at 31 Mar 2017)

Holding (as at 31 Mar 2017) Type % of Portfolio
Commonwealth Bank of Australia Equity 12.21%
Login now to view the complete list of holdings.

FAQs about the Altair Income Fund

The objective of the Altair Income Fund managed fund is The Fund primarily aims to provide dividend income that exceeds the dividend yield of the S&P/ASX200 Accumulation Index (the 'Benchmark') (grossed up for franking credits) over rolling 5 year periods, and provide capital growth over the long term. The Fund also aims to outperform the Benchmark, after fees and costs and before tax, over rolling 5 year periods.

The strategy of the Altair Income Fund managed fund is The Fund aims to be fully invested in Australian shares, but may hold up to 20% in cash/cash equivalent investments. The Fund invests primarily in Australian shares within the S&P/ASX 200 Index, with a focus on high quality companies that have the potential to deliver a stable, tax-effective recurring income stream.

The APIR code of the Altair Income Fund managed fund is PAR0002AU.

Altair Income Fund’s total return last month was 1.72%. This was made up of a growth return of 1.72% and an income return of 0%. These returns were calculated as at 30 Apr 2017.

Altair Income Fund’s total return for the last three months was 7.94%. This was made up of a growth return of 7.35% and an income return of 0.59%%. These returns were calculated as at 30 Apr 2017.

Altair Income Fund’s one-year total return is 13.45%. This was made up of a growth return of 8.98% and an income return of 4.47%. These returns were calculated as at 30 Apr 2017.

Altair Income Fund’s one-year total return is 7.77%. This was made up of a growth return of 2.54% and an income return of 5.23%. These returns were calculated as at 30 Apr 2017.

The asset allocation of the Altair Income Fund managed fund is :

Australian Equities
98.47%
Cash
1.53%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Altair Income Fund managed fund is Altair Assets Ltd.

The Altair Income Fund managed fund belongs to the Equity Australia Large Blend sector/asset class.

As at 31 Mar 2017, the size of the Altair Income Fund managed fund was $7.62 million.

The Altair Income Fund managed fund has an inception date of 20 Feb 2014.

The current entry price of the Altair Income Fund managed fund is $1.066 per unit and the current exit price is $1.0606 per unit (as at 18 May 2017).

The current exit price of the Altair Income Fund managed fund is $1.0606 per unit and the current entry price is $1.066 per unit (as at 18 May 2017).

The minimum initial investment amount for the Altair Income Fund managed fund is $50,000. Minimum additional investment is $5000.

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.