Amundi VAR8 Absolute Return - Managed Fund (Closed)

Fund Objective

The Fund's objective is to outperform the Benchmark (ie Australian dollar 3 month BBSW) by 4% p.a. net of fees, over a minimum investment horizon of four years, while applying Ex-ante Value at Risk (VaR) checks.

Fund Strategy

The Fund's investment universe is broad and diversified and particularly includes: International bonds, both corporate and governmental, All currencies, Equities issued by a selection of emerging and developed countries, Positions maybe be held directly or indirectly ie through another management fund. The fund management team takes advantage of opportunities in fixed income, currency and equity markets using both strategic and tactical positions as well as arbitrage strategies.

Fund Performance Comparison

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Peers

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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.

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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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	-0.45%	2.08%	0.31%	-0.69%	8.99%	6.2%	-%	-%
Growth return	-0.45%	2.08%	0.31%	-2.53%	5.9%	3.62%	-%	-%
Income return	0%	0%	0%	1.84%	3.09%	2.58%	-%	-%
Market index (RBA Bank accepted Bills 90 Days)
Total return	0.3%	0.91%	1.91%	4.09%	4.22%	4%	2.52%	2.06%

As at 31 Mar 2011. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Amundi VAR8 Absolute Return

International Equities: 18.37%

Cash: 16.71%

Fixed Interest: 64.92%

Australian Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Average Allocation of Peers

International Equities: 6.74%

Cash: 44.79%

Fixed Interest: 20.69%

Australian Equities: 3.95%

Property & Infrastructure: 1.44%

Alternatives: 22.40%

General Information

Fund Details

Type	Description
Fund Name	Amundi VAR8 Absolute Return (Wholesale)
Fund Status	Closed
Responsible Entity	Equity Trustees Ltd
APIR Code	ETL0147AU
Sector/Asset Class	Alternative - Other
Morningstar Rating	(as at 31 Mar 2011)
Legal Structure	Investment Fund
Fund Inception	29 Jun 2007
Fund Size	$70.71 million (as at 31 Aug 2009)
Entry Price	$1.0093 (as at 20 Apr 2011)
Exit Price	$1.0073 (as at 20 Apr 2011)
Fund Status	Finalised

Offer information

Type	Description
Indirect Cost Ratio (ICR)	0.98% (as at 30 Jun 2009)
Minimum initial investment	$50,000
Minimum additional investments	$10,000.00
Minimum redemption amount	$10,000.00

FAQs about the Amundi VAR8 Absolute Return

What is the objective of the Amundi VAR8 Absolute Return managed fund?

The objective of the Amundi VAR8 Absolute Return managed fund is The Fund's objective is to outperform the Benchmark (ie Australian dollar 3 month BBSW) by 4% p.a. net of fees, over a minimum investment horizon of four years, while applying Ex-ante Value at Risk (VaR) checks.

What is the strategy for the Amundi VAR8 Absolute Return managed fund?

The strategy of the Amundi VAR8 Absolute Return managed fund is The Fund's investment universe is broad and diversified and particularly includes: International bonds, both corporate and governmental, All currencies, Equities issued by a selection of emerging and developed countries, Positions maybe be held directly or indirectly ie through another management fund. The fund management team takes advantage of opportunities in fixed income, currency and equity markets using both strategic and tactical positions as well as arbitrage strategies.

What is the APIR code of the Amundi VAR8 Absolute Return managed fund?

The APIR code of the Amundi VAR8 Absolute Return managed fund is ETL0147AU.

What was Amundi VAR8 Absolute Return’s total return last month?

Amundi VAR8 Absolute Return’s total return last month was -0.45%. This was made up of a growth return of -0.45% and an income return of 0%. These returns were calculated as at 31 Mar 2011.

What was Amundi VAR8 Absolute Return’s total return for the last three months?

Amundi VAR8 Absolute Return’s total return for the last three months was 2.08%. This was made up of a growth return of 2.08% and an income return of 0%%. These returns were calculated as at 31 Mar 2011.

What is Amundi VAR8 Absolute Return’s one-year total return?

Amundi VAR8 Absolute Return’s one-year total return is -0.69%. This was made up of a growth return of -2.53% and an income return of 1.84%. These returns were calculated as at 31 Mar 2011.

What is Amundi VAR8 Absolute Return’s three-year total return?

Amundi VAR8 Absolute Return’s one-year total return is 6.2%. This was made up of a growth return of 3.62% and an income return of 2.58%. These returns were calculated as at 31 Mar 2011.

What is the asset allocation of the Amundi VAR8 Absolute Return managed fund?

The asset allocation of the Amundi VAR8 Absolute Return managed fund is :

International Equities: 18.37%

Cash: 16.71%

Fixed Interest: 64.92%

Australian Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Who is the responsible Entity of the Amundi VAR8 Absolute Return managed fund?

The Responsible Entity for the Amundi VAR8 Absolute Return managed fund is Equity Trustees Ltd.

What sector/asset class does the Amundi VAR8 Absolute Return managed fund belong to?

The Amundi VAR8 Absolute Return managed fund belongs to the Alternative - Other sector/asset class.

What is the size of the Amundi VAR8 Absolute Return managed fund?

As at 31 Aug 2009, the size of the Amundi VAR8 Absolute Return managed fund was $70.71 million.

What is the inception date of the Amundi VAR8 Absolute Return managed fund?

The Amundi VAR8 Absolute Return managed fund has an inception date of 29 Jun 2007.

What is the current entry price of the Amundi VAR8 Absolute Return managed fund?

The current entry price of the Amundi VAR8 Absolute Return managed fund is $1.0093 per unit and the current exit price is $1.0073 per unit (as at 20 Apr 2011).

What is the current exit price of the Amundi VAR8 Absolute Return managed fund?

The current exit price of the Amundi VAR8 Absolute Return managed fund is $1.0073 per unit and the current entry price is $1.0093 per unit (as at 20 Apr 2011).

What is the minimum investment amount for the Amundi VAR8 Absolute Return managed fund?

The minimum initial investment amount for the Amundi VAR8 Absolute Return managed fund is $50,000. Minimum additional investment is $10000.

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.

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