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  5. AXA - Wholesale Global Diversified Hedge Fund - Managed fund profile

AXA - Wholesale Global Diversified Hedge Fund - Managed Fund (Closed)

Fund Objective
Aims to generate consistent returns in the medium- to long-term with low correlation to equity and fixed interest markets.
Fund Strategy
Invests primarily in the AXA New Horizons Cayman Fund, Ltd (underlying fund) and cash. Typically the underlying fund holds a portfolio of approx 20-50 hedge funds to provide diversification and reduce risk. Some hedge funds in which the underlying fund invests may use derivatives for various purposes, including gearing. The Fund will hold currency forwards for the purpose of hedging currency exposure. Asset allocation ranges (benchmarks in brackets): hedge assets 90-100% (92.5%), cash and cash securities 0-10% (7.5%).

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 1.08% 3.36% 8.77% 8.52% 9.39% 7.65% 6.5% -%
Growth return 1.08% 3.36% 8.77% -2.02% -1.3% 0.51% 1.02% -%
Income return 0% 0% 0% 10.54% 10.69% 7.14% 5.48% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.32% 0.99% 2.04% 4.28% 4.29% 3.85% 2.34% 2.02%
As at 31 Mar 2007. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

AXA - Wholesale Global Diversified Hedge Fund
Cash
6.60%
Alternatives
93.40%
Australian Equities
0%
International Equities
0%
Property
0%
Fixed Interest
0%
Average Allocation of Peers
Cash
43.39%
Alternatives
24.74%
Australian Equities
4.41%
International Equities
7.57%
Property
1.96%
Fixed Interest
17.92%

General Information

Fund Details
Type Description
AXA - Wholesale Global Diversified Hedge Fund (Wholesale)
Closed
AMP-National Mutual Funds Management Ltd
NML0346AU
Alternative - Other
Not Rated
Investment Fund
22 Nov 2001
$28.42 million (as at 31 Dec 2006)
$1.0615 (as at 31 Mar 2007)
$1.0615 (as at 31 Mar 2007)
Finalised
Offer information
Type Description
MER 1.28% (as at 30 Jun 2006)
Indirect Cost Ratio (ICR) 1.28% (as at 30 Jun 2006)
Minimum initial investment $50,000

FAQs about the AXA - Wholesale Global Diversified Hedge Fund

The objective of the AXA - Wholesale Global Diversified Hedge Fund managed fund is Aims to generate consistent returns in the medium- to long-term with low correlation to equity and fixed interest markets.

The strategy of the AXA - Wholesale Global Diversified Hedge Fund managed fund is Invests primarily in the AXA New Horizons Cayman Fund, Ltd (underlying fund) and cash. Typically the underlying fund holds a portfolio of approx 20-50 hedge funds to provide diversification and reduce risk. Some hedge funds in which the underlying fund invests may use derivatives for various purposes, including gearing. The Fund will hold currency forwards for the purpose of hedging currency exposure. Asset allocation ranges (benchmarks in brackets): hedge assets 90-100% (92.5%), cash and cash securities 0-10% (7.5%).

The APIR code of the AXA - Wholesale Global Diversified Hedge Fund managed fund is NML0346AU.

AXA - Wholesale Global Diversified Hedge Fund’s total return last month was 1.08%. This was made up of a growth return of 1.08% and an income return of 0%. These returns were calculated as at 31 Mar 2007.

AXA - Wholesale Global Diversified Hedge Fund’s total return for the last three months was 3.36%. This was made up of a growth return of 3.36% and an income return of 0%%. These returns were calculated as at 31 Mar 2007.

AXA - Wholesale Global Diversified Hedge Fund’s one-year total return is 8.52%. This was made up of a growth return of -2.02% and an income return of 10.54%. These returns were calculated as at 31 Mar 2007.

AXA - Wholesale Global Diversified Hedge Fund’s one-year total return is 7.65%. This was made up of a growth return of 0.51% and an income return of 7.14%. These returns were calculated as at 31 Mar 2007.

The asset allocation of the AXA - Wholesale Global Diversified Hedge Fund managed fund is :

Cash
6.60%
Alternatives
93.40%
Australian Equities
0%
International Equities
0%
Property
0%
Fixed Interest
0%

The Responsible Entity for the AXA - Wholesale Global Diversified Hedge Fund managed fund is AMP-National Mutual Funds Management Ltd.

The AXA - Wholesale Global Diversified Hedge Fund managed fund belongs to the Alternative - Other sector/asset class.

As at 31 Dec 2006, the size of the AXA - Wholesale Global Diversified Hedge Fund managed fund was $28.42 million.

The AXA - Wholesale Global Diversified Hedge Fund managed fund has an inception date of 22 Nov 2001.

The current entry price of the AXA - Wholesale Global Diversified Hedge Fund managed fund is $1.0615 per unit and the current exit price is $1.0615 per unit (as at 31 Mar 2007).

The current exit price of the AXA - Wholesale Global Diversified Hedge Fund managed fund is $1.0615 per unit and the current entry price is $1.0615 per unit (as at 31 Mar 2007).

The minimum initial investment amount for the AXA - Wholesale Global Diversified Hedge Fund 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.