InvestSMART

AUI Geared Property Income Fund Wholesale - Managed Fund (Closed)

Fund Objective
The Fund aims to cover the cost of borrowings from the income earned from the additional investment. Through this process, the Fund aims to enhance the level of return.
Fund Strategy
The Fund primarily acquires units in the Australian Unity Property Income Fund. The Fund borrows to finance the acquisition of assets, and to provide liquidity for operating purposes. The level of borrowings will generally range between 30%-60% of the Fund's gross assets.

Fund Performance Comparison

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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.
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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 2.49% 3.3% 3.54% -0.14% 7% 6.21% 4.89% -%
Growth return 2.49% 1.35% 0.14% -5.99% 0.29% -0.06% -1.27% -%
Income return 0% 1.95% 3.4% 5.85% 6.71% 6.27% 6.16% -%
Market index (S&P/ASX 200 A-REIT TR)
Total return -3.1% 4.56% 18.9% 4.1% 23.7% 19.85% 11.91% 8.69%
As at 30 Apr 2014. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

AUI Geared Property Income Fund Wholesale
Cash
100%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Cash
2.27%
Australian Equities
4.24%
International Equities
0.23%
Property & Infrastructure
93.25%
Fixed Interest
0.01%
Alternatives
0%

General Information

Fund Details
Type Description
AUI Geared Property Income Fund Wholesale
Closed
Australian Unity Property Limited
YOC0003AU
Unlisted and Direct Property
Not Rated
Investment Fund
22 Mar 2005
$4.62 million (as at 30 Apr 2014)
$0.6399 (as at 29 May 2014)
$0.6354 (as at 29 May 2014)
Finalised
Offer information
Type Description
MER 1.05% (as at 30 Jun 2005)
Indirect Cost Ratio (ICR) 1.68% (as at 30 Jun 2012)
Minimum initial investment $25,000
Minimum additional investments $5,000.00
Minimum redemption amount $5,000.00

FAQs about the AUI Geared Property Income Fund Wholesale

The objective of the AUI Geared Property Income Fund Wholesale managed fund is The Fund aims to cover the cost of borrowings from the income earned from the additional investment. Through this process, the Fund aims to enhance the level of return.

The strategy of the AUI Geared Property Income Fund Wholesale managed fund is The Fund primarily acquires units in the Australian Unity Property Income Fund. The Fund borrows to finance the acquisition of assets, and to provide liquidity for operating purposes. The level of borrowings will generally range between 30%-60% of the Fund's gross assets.

The APIR code of the AUI Geared Property Income Fund Wholesale managed fund is YOC0003AU.

AUI Geared Property Income Fund Wholesale’s total return last month was 2.49%. This was made up of a growth return of 2.49% and an income return of 0%. These returns were calculated as at 30 Apr 2014.

AUI Geared Property Income Fund Wholesale’s total return for the last three months was 3.3%. This was made up of a growth return of 1.35% and an income return of 1.95%%. These returns were calculated as at 30 Apr 2014.

AUI Geared Property Income Fund Wholesale’s one-year total return is -0.14%. This was made up of a growth return of -5.99% and an income return of 5.85%. These returns were calculated as at 30 Apr 2014.

AUI Geared Property Income Fund Wholesale’s one-year total return is 6.21%. This was made up of a growth return of -0.06% and an income return of 6.27%. These returns were calculated as at 30 Apr 2014.

The asset allocation of the AUI Geared Property Income Fund Wholesale managed fund is :

Cash
100%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the AUI Geared Property Income Fund Wholesale managed fund is Australian Unity Property Limited.

The AUI Geared Property Income Fund Wholesale managed fund belongs to the Unlisted and Direct Property sector/asset class.

As at 30 Apr 2014, the size of the AUI Geared Property Income Fund Wholesale managed fund was $4.62 million.

The AUI Geared Property Income Fund Wholesale managed fund has an inception date of 22 Mar 2005.

The current entry price of the AUI Geared Property Income Fund Wholesale managed fund is $0.6399 per unit and the current exit price is $0.6354 per unit (as at 29 May 2014).

The current exit price of the AUI Geared Property Income Fund Wholesale managed fund is $0.6354 per unit and the current entry price is $0.6399 per unit (as at 29 May 2014).

The minimum initial investment amount for the AUI Geared Property Income Fund Wholesale managed fund is $25,000. 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.