Austock High Yield - Managed Fund (Closed)

Fund Objective

The primary objective of this Fund is to derive income at a greater rate than the benchmark, and distribute this income to unit holders on a semi annual basis. We seek to outperform the UBS Bank Bill Index by at least 2% per annum after fees.

Fund Strategy

The Fund is designed to provide stability of cash flows with the opportunity for capital growth through the underlying equity exposure of some securities. The Fund is authorized to invest in a diverse range of high income yielding assets and other income earning securities in both listed and unlisted companies.

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	0.38%	0.76%	-1.59%	5.96%	0.81%	-4.25%	-3.49%	-%
Growth return	0.38%	0.76%	-1.59%	-69.8%	-48.28%	-64.9%	-48.84%	-%
Income return	0%	0%	0%	75.76%	49.09%	60.65%	45.35%	-%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return	-1.42%	-0.34%	-1.48%	1.51%	2.35%	2.06%	0.15%	1.79%

As at 30 Sep 2011. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Austock High Yield

Australian Equities: 61.92%

Cash: 6.32%

Alternatives: 31.76%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Average Allocation of Peers

Australian Equities: 0.59%

Cash: 8.02%

Alternatives: 0%

International Equities: 0%

Property & Infrastructure: 0.12%

Fixed Interest: 91.26%

General Information

Fund Details

Type	Description
Fund Name	Austock High Yield
Fund Status	Closed
Responsible Entity	Mutual Ltd
APIR Code	PRM0002AU
Sector/Asset Class	Unconstrained Fixed Income
Morningstar Rating	(as at 31 Oct 2011)
Legal Structure	Investment Fund
Fund Inception	23 Mar 2004
Fund Size	$1.49 million (as at 30 Sep 2010)
Entry Price	n/a
Exit Price	$0.00179 (as at 20 Sep 2012)
Fund Status	Finalised

Offer information

Type	Description
Standard entry fee	2.20%
MER	2.39% (as at 30 Jul 2007)
Indirect Cost Ratio (ICR)	0.30% (as at 30 Jun 2010)
Minimum initial investment	$25,000

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FAQs about the Austock High Yield

What is the objective of the Austock High Yield managed fund?

The objective of the Austock High Yield managed fund is The primary objective of this Fund is to derive income at a greater rate than the benchmark, and distribute this income to unit holders on a semi annual basis. We seek to outperform the UBS Bank Bill Index by at least 2% per annum after fees.

What is the strategy for the Austock High Yield managed fund?

The strategy of the Austock High Yield managed fund is The Fund is designed to provide stability of cash flows with the opportunity for capital growth through the underlying equity exposure of some securities. The Fund is authorized to invest in a diverse range of high income yielding assets and other income earning securities in both listed and unlisted companies.

What is the APIR code of the Austock High Yield managed fund?

The APIR code of the Austock High Yield managed fund is PRM0002AU.

What was Austock High Yield’s total return last month?

Austock High Yield’s total return last month was 0.38%. This was made up of a growth return of 0.38% and an income return of 0%. These returns were calculated as at 30 Sep 2011.

What was Austock High Yield’s total return for the last three months?

Austock High Yield’s total return for the last three months was 0.76%. This was made up of a growth return of 0.76% and an income return of 0%%. These returns were calculated as at 30 Sep 2011.

What is Austock High Yield’s one-year total return?

Austock High Yield’s one-year total return is 5.96%. This was made up of a growth return of -69.8% and an income return of 75.76%. These returns were calculated as at 30 Sep 2011.

What is Austock High Yield’s three-year total return?

Austock High Yield’s one-year total return is -4.25%. This was made up of a growth return of -64.9% and an income return of 60.65%. These returns were calculated as at 30 Sep 2011.

What is the asset allocation of the Austock High Yield managed fund?

The asset allocation of the Austock High Yield managed fund is :

Australian Equities: 61.92%

Cash: 6.32%

Alternatives: 31.76%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Who is the responsible Entity of the Austock High Yield managed fund?

The Responsible Entity for the Austock High Yield managed fund is Mutual Ltd.

What sector/asset class does the Austock High Yield managed fund belong to?

The Austock High Yield managed fund belongs to the Unconstrained Fixed Income sector/asset class.

What is the size of the Austock High Yield managed fund?

As at 30 Sep 2010, the size of the Austock High Yield managed fund was $1.49 million.

What is the inception date of the Austock High Yield managed fund?

The Austock High Yield managed fund has an inception date of 23 Mar 2004.

What is the current entry price of the Austock High Yield managed fund?

The current entry price of the Austock High Yield managed fund is $ per unit and the current exit price is $0.00179 per unit (as at 20 Sep 2012).

What is the current exit price of the Austock High Yield managed fund?

The current exit price of the Austock High Yield managed fund is $0.00179 per unit and the current entry price is $ per unit (as at 20 Sep 2012).

What is the minimum investment amount for the Austock High Yield managed fund?

The minimum initial investment amount for the Austock High Yield managed fund is $25,000.

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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