InvestSMART

AXA - PB - Mortgage Biased - Managed Fund (Closed)

Fund Objective
To provide capital security while also providing above cash rate returns over the medium-term. The benchmark is to provide returns before investment charges which exceed inflation by 3.25% pa as measured over rolling five year periods, and to earn positive annual returns in nine out of every ten years.
Fund Strategy
To maintain a diversified portfolio of fixed and variable rate first mortgages, mortgage backed securities and other interest-bearing investments.

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 0.33% 1.15% 2.51% 4.78% 4.3% 4.07% 3.77% 3.43%
Growth return 0.33% 1.15% 2.51% 4.78% 4.3% 4.07% 3.77% 3.43%
Income return 0% 0% 0% 0% 0% 0% 0% 0%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return 0.36% 0.8% 1.68% 6.47% 6.77% 4.05% -0.21% 2.13%
As at 31 Oct 2008. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

AXA - PB - Mortgage Biased
Cash
14%
Fixed Interest
86%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%
Average Allocation of Peers
Cash
6.33%
Fixed Interest
92.73%
Australian Equities
0.62%
International Equities
0%
Property & Infrastructure
0.13%
Alternatives
0.19%

General Information

Fund Details
Type Description
AXA - PB - Mortgage Biased
Closed
National Mutual Life Assoc of Aus Ltd
NML0064AU
Bonds - Australia
starstarstarstar (as at 30 Nov 2008)
Investment Fund
15 May 1995
$0.15 million (as at 30 Sep 2008)
$16.016 (as at 9 Dec 2008)
$16.016 (as at 9 Dec 2008)
Finalised
Offer information
Type Description
MER 1.33% (as at 30 Jun 2001)
Indirect Cost Ratio (ICR) 1.36% (as at 30 Jun 2008)
Minimum initial investment

FAQs about the AXA - PB - Mortgage Biased

The objective of the AXA - PB - Mortgage Biased managed fund is To provide capital security while also providing above cash rate returns over the medium-term. The benchmark is to provide returns before investment charges which exceed inflation by 3.25% pa as measured over rolling five year periods, and to earn positive annual returns in nine out of every ten years.

The strategy of the AXA - PB - Mortgage Biased managed fund is To maintain a diversified portfolio of fixed and variable rate first mortgages, mortgage backed securities and other interest-bearing investments.

The APIR code of the AXA - PB - Mortgage Biased managed fund is NML0064AU.

AXA - PB - Mortgage Biased’s total return last month was 0.33%. This was made up of a growth return of 0.33% and an income return of 0%. These returns were calculated as at 31 Oct 2008.

AXA - PB - Mortgage Biased’s total return for the last three months was 1.15%. This was made up of a growth return of 1.15% and an income return of 0%%. These returns were calculated as at 31 Oct 2008.

AXA - PB - Mortgage Biased’s one-year total return is 4.78%. This was made up of a growth return of 4.78% and an income return of 0%. These returns were calculated as at 31 Oct 2008.

AXA - PB - Mortgage Biased’s one-year total return is 4.07%. This was made up of a growth return of 4.07% and an income return of 0%. These returns were calculated as at 31 Oct 2008.

The asset allocation of the AXA - PB - Mortgage Biased managed fund is :

Cash
14%
Fixed Interest
86%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%

The Responsible Entity for the AXA - PB - Mortgage Biased managed fund is National Mutual Life Assoc of Aus Ltd.

The AXA - PB - Mortgage Biased managed fund belongs to the Bonds - Australia sector/asset class.

As at 30 Sep 2008, the size of the AXA - PB - Mortgage Biased managed fund was $0.15 million.

The AXA - PB - Mortgage Biased managed fund has an inception date of 15 May 1995.

The current entry price of the AXA - PB - Mortgage Biased managed fund is $16.016 per unit and the current exit price is $16.016 per unit (as at 9 Dec 2008).

The current exit price of the AXA - PB - Mortgage Biased managed fund is $16.016 per unit and the current entry price is $16.016 per unit (as at 9 Dec 2008).

The minimum initial investment amount for the AXA - PB - Mortgage Biased managed fund is $0.

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.