Altair Income 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 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 -2.21 -9.28 -3.67 -0.96 6.54 7.69 5.83 8.98
As as 30 Apr 2017. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Australian Equities
98.47%
Cash
1.53%

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)
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.
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 12.40%
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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 9.77%
Intelligent Investor Equity Income 8.01%
Intelligent Investor Equity Growth 7.82%
InvestSMART High Growth 6.94%
InvestSMART Core Growth 6.37%
InvestSMART Balanced 5.00%
InvestSMART Australian Small Companies Fund 4.01%
InvestSMART Diversified Property and Infrastructure 3.84%
InvestSMART Hybrid Income 3.77%
InvestSMART Diversified Income 3.76%
InvestSMART Interest Income 2.12%

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

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