APN Diversified Property - Managed Fund (Closed)

Fund Objective

To provide investors with a consistent and relatively high level of income combined with some capital growth, through a well diversified portfolio of property related investments.

Fund Strategy

The Fund will invest in a spread of specialist property funds managed by APN FM, including the APN Specialist Fund. Underlying investments will include Australian Direct Property, Australian Property Securities and International Property Securities. The assets of the Diversified Fund are intended to initially be allocated to each of the specialist property funds, based on what APN FM consider will be a well diversified asset allocation.

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.

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	-8.39%	-8.97%	-15.72%	-17.59%	-8.32%	-3.71%	-2.41%	-%
Growth return	-8.39%	-8.97%	-87.96%	-88.54%	-73.43%	-58.57%	-46.65%	-%
Income return	0%	0%	72.24%	70.95%	65.11%	54.86%	44.24%	-%
Market index (RBA Bank accepted Bills 90 Days)
Total return	0.3%	0.92%	1.82%	3.76%	4.06%	4.09%	2.88%	2.13%

As at 30 Apr 2014. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

APN Diversified Property

Australian Equities: 83.15%

Cash: 16.85%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 4.70%

Cash: 55.75%

International Equities: 3.26%

Property & Infrastructure: 1.98%

Fixed Interest: 15.78%

Alternatives: 18.53%

General Information

Fund Details

Type	Description
Fund Name	APN Diversified Property
Fund Status	Closed
Responsible Entity	APN Funds Management Ltd
APIR Code	APN0006AU
Sector/Asset Class	Miscellaneous
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	5 Sep 2005
Fund Size	$1.18 million (as at 31 Mar 2014)
Entry Price	n/a
Exit Price	$0.0284 (as at 30 Apr 2014)
Fund Status	Finalised

Offer information

Type	Description
Standard entry fee	4%
MER	1.13% (as at 30 Jun 2006)
Indirect Cost Ratio (ICR)	1.06% (as at 30 Jun 2012)
Minimum initial investment	$5,000.00
Minimum additional investments	$1,000.00
Minimum redemption amount	$1,000.00

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FAQs about the APN Diversified Property

What is the objective of the APN Diversified Property managed fund?

The objective of the APN Diversified Property managed fund is To provide investors with a consistent and relatively high level of income combined with some capital growth, through a well diversified portfolio of property related investments.

What is the strategy for the APN Diversified Property managed fund?

The strategy of the APN Diversified Property managed fund is The Fund will invest in a spread of specialist property funds managed by APN FM, including the APN Specialist Fund. Underlying investments will include Australian Direct Property, Australian Property Securities and International Property Securities. The assets of the Diversified Fund are intended to initially be allocated to each of the specialist property funds, based on what APN FM consider will be a well diversified asset allocation.

What is the APIR code of the APN Diversified Property managed fund?

The APIR code of the APN Diversified Property managed fund is APN0006AU.

What was APN Diversified Property’s total return last month?

APN Diversified Property’s total return last month was -8.39%. This was made up of a growth return of -8.39% and an income return of 0%. These returns were calculated as at 30 Apr 2014.

What was APN Diversified Property’s total return for the last three months?

APN Diversified Property’s total return for the last three months was -8.97%. This was made up of a growth return of -8.97% and an income return of 0%%. These returns were calculated as at 30 Apr 2014.

What is APN Diversified Property’s one-year total return?

APN Diversified Property’s one-year total return is -17.59%. This was made up of a growth return of -88.54% and an income return of 70.95%. These returns were calculated as at 30 Apr 2014.

What is APN Diversified Property’s three-year total return?

APN Diversified Property’s one-year total return is -3.71%. This was made up of a growth return of -58.57% and an income return of 54.86%. These returns were calculated as at 30 Apr 2014.

What is the asset allocation of the APN Diversified Property managed fund?

The asset allocation of the APN Diversified Property managed fund is :

Australian Equities: 83.15%

Cash: 16.85%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the APN Diversified Property managed fund?

The Responsible Entity for the APN Diversified Property managed fund is APN Funds Management Ltd.

What sector/asset class does the APN Diversified Property managed fund belong to?

The APN Diversified Property managed fund belongs to the Miscellaneous sector/asset class.

What is the size of the APN Diversified Property managed fund?

As at 31 Mar 2014, the size of the APN Diversified Property managed fund was $1.18 million.

What is the inception date of the APN Diversified Property managed fund?

The APN Diversified Property managed fund has an inception date of 5 Sep 2005.

What is the current entry price of the APN Diversified Property managed fund?

The current entry price of the APN Diversified Property managed fund is $ per unit and the current exit price is $0.0284 per unit (as at 30 Apr 2014).

What is the current exit price of the APN Diversified Property managed fund?

The current exit price of the APN Diversified Property managed fund is $0.0284 per unit and the current entry price is $ per unit (as at 30 Apr 2014).

What is the minimum investment amount for the APN Diversified Property managed fund?

The minimum initial investment amount for the APN Diversified Property managed fund is $5,000. Minimum additional investment is $1000.

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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