Ascalon Income - Managed Fund (Closed)

Fund Objective

To provide long term stable income through investment in cash equivalent forms of investment and highly liquid short term securities

Fund Strategy

The fund has a short duration, that is, a short average term to maturity across the entire portfolio (0 to 1.2 years), and uses an active core approach whereby the manager will seek to add value from a neutral benchmark position in an opportunistic way.

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	0.25%	-1.42%	-0.4%	10.96%	0.83%	-1.87%	0.91%	-%
Growth return	0.25%	-1.42%	-1.63%	8.76%	-2.08%	-6.59%	-3.98%	-%
Income return	0%	0%	1.23%	2.2%	2.91%	4.72%	4.89%	-%
Market index (Morningstar AUS Balance Tgt Alloc NR AUD)
Total return	0.36%	-0.19%	3.12%	6.99%	9.02%	8.52%	5.72%	6.52%

As at 30 Jun 2010. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Ascalon Income

Australian Equities: 74.03%

Cash: 19.61%

Property & Infrastructure: 6.36%

International Equities: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 17.77%

Cash: 7.22%

Property & Infrastructure: 3.83%

International Equities: 27.41%

Fixed Interest: 34.41%

Alternatives: 9.35%

General Information

Fund Details

Type	Description
Fund Name	Ascalon Income (Wholesale)
Fund Status	Closed
Responsible Entity	Ascalon Capital Managers Ltd
APIR Code	ADV0080AU
Sector/Asset Class	Multisector Balanced
Morningstar Rating	(as at 30 Jun 2010)
Legal Structure	Investment Fund
Fund Inception	1 Apr 2004
Fund Size	$25.82 million (as at 30 Apr 2010)
Entry Price	$0.8101 (as at 26 Aug 2010)
Exit Price	$0.8061 (as at 26 Aug 2010)
Fund Status	Finalised

Offer information

Type	Description
MER	0.51% (as at 30 Jun 2005)
Indirect Cost Ratio (ICR)	1.03% (as at 30 Jun 2008)
Minimum initial investment	$50,000

Top 10 holdings (as at 30 Jun 2007)

Holding (as at 30 Jun 2007)	Type	% of Portfolio
Sgb Rams Bb	Bond	18.85%
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FAQs about the Ascalon Income

What is the objective of the Ascalon Income managed fund?

The objective of the Ascalon Income managed fund is To provide long term stable income through investment in cash equivalent forms of investment and highly liquid short term securities

What is the strategy for the Ascalon Income managed fund?

The strategy of the Ascalon Income managed fund is The fund has a short duration, that is, a short average term to maturity across the entire portfolio (0 to 1.2 years), and uses an active core approach whereby the manager will seek to add value from a neutral benchmark position in an opportunistic way.

What is the APIR code of the Ascalon Income managed fund?

The APIR code of the Ascalon Income managed fund is ADV0080AU.

What was Ascalon Income’s total return last month?

Ascalon Income’s total return last month was 0.25%. This was made up of a growth return of 0.25% and an income return of 0%. These returns were calculated as at 30 Jun 2010.

What was Ascalon Income’s total return for the last three months?

Ascalon Income’s total return for the last three months was -1.42%. This was made up of a growth return of -1.42% and an income return of 0%%. These returns were calculated as at 30 Jun 2010.

What is Ascalon Income’s one-year total return?

Ascalon Income’s one-year total return is 10.96%. This was made up of a growth return of 8.76% and an income return of 2.2%. These returns were calculated as at 30 Jun 2010.

What is Ascalon Income’s three-year total return?

Ascalon Income’s one-year total return is -1.87%. This was made up of a growth return of -6.59% and an income return of 4.72%. These returns were calculated as at 30 Jun 2010.

What is the asset allocation of the Ascalon Income managed fund?

The asset allocation of the Ascalon Income managed fund is :

Australian Equities: 74.03%

Cash: 19.61%

Property & Infrastructure: 6.36%

International Equities: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Ascalon Income managed fund?

The Responsible Entity for the Ascalon Income managed fund is Ascalon Capital Managers Ltd.

What sector/asset class does the Ascalon Income managed fund belong to?

The Ascalon Income managed fund belongs to the Multisector Balanced sector/asset class.

What is the size of the Ascalon Income managed fund?

As at 30 Apr 2010, the size of the Ascalon Income managed fund was $25.82 million.

What is the inception date of the Ascalon Income managed fund?

The Ascalon Income managed fund has an inception date of 1 Apr 2004.

What is the current entry price of the Ascalon Income managed fund?

The current entry price of the Ascalon Income managed fund is $0.8101 per unit and the current exit price is $0.8061 per unit (as at 26 Aug 2010).

What is the current exit price of the Ascalon Income managed fund?

The current exit price of the Ascalon Income managed fund is $0.8061 per unit and the current entry price is $0.8101 per unit (as at 26 Aug 2010).

What is the minimum investment amount for the Ascalon Income managed fund?

The minimum initial investment amount for the Ascalon Income managed fund is $50,000.

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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