Basis Yield Fund - Managed Fund (Closed)

Fund Objective

The Investment objective of the Basis Yield Fund is to provide investors with 2.5%pa to 5%pa net returns above the UBS Warburg Bank Bill Index on a rolling 3 year basis.

Fund Strategy

The Manager seeks to achieve the investment objective by investing in a diversified portfolio of relative value and arbitrage opportunities in Australian and International yield or credit markets, including Asset Backed Securities (ABS), Mortgage Backed Securities (MBS), Collateralised Debt Obligations (CDO), Collateralised Loan Obligations (CLO) and other asset classes that may emerge.

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	-26.03%	-24.13%	-23.23%	-17.19%	-0.87%	3.41%	-%	-%
Growth return	-26.03%	-24.13%	-23.23%	-22.34%	-10.6%	-5.98%	-%	-%
Income return	0%	0%	0%	5.15%	9.73%	9.39%	-%	-%
Market index (RBA Bank accepted Bills 90 Days)
Total return	0.35%	0.96%	1.88%	3.76%	4.06%	4.11%	2.96%	2.14%

As at 30 Jun 2007. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Basis Yield Fund

Fixed Interest: 100%

Australian Equities: 0%

International Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Average Allocation of Peers

Fixed Interest: 15.72%

Australian Equities: 4.94%

International Equities: 2.99%

Cash: 55.65%

Property & Infrastructure: 1.97%

Alternatives: 18.73%

General Information

Fund Details

Type	Description
Fund Name	Basis Yield Fund
Fund Status	Closed
Responsible Entity	Basis Capital Funds Management Limited
APIR Code	BCF0001AU
Sector/Asset Class	Hedge Funds - Australia
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	1 Dec 2003
Fund Size	$319.91 million (as at 31 May 2007)
Entry Price	$864.233 (as at 30 Jun 2007)
Exit Price	$864.233 (as at 30 Jun 2007)
Fund Status	Finalised

Offer information

Type	Description
MER	1.40% (as at 30 Jun 2005)
Indirect Cost Ratio (ICR)	1.40% (as at 30 Jun 2006)
Minimum initial investment	$20,000

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FAQs about the Basis Yield Fund

What is the objective of the Basis Yield Fund managed fund?

The objective of the Basis Yield Fund managed fund is The Investment objective of the Basis Yield Fund is to provide investors with 2.5%pa to 5%pa net returns above the UBS Warburg Bank Bill Index on a rolling 3 year basis.

What is the strategy for the Basis Yield Fund managed fund?

The strategy of the Basis Yield Fund managed fund is The Manager seeks to achieve the investment objective by investing in a diversified portfolio of relative value and arbitrage opportunities in Australian and International yield or credit markets, including Asset Backed Securities (ABS), Mortgage Backed Securities (MBS), Collateralised Debt Obligations (CDO), Collateralised Loan Obligations (CLO) and other asset classes that may emerge.

What is the APIR code of the Basis Yield Fund managed fund?

The APIR code of the Basis Yield Fund managed fund is BCF0001AU.

What was Basis Yield Fund’s total return last month?

Basis Yield Fund’s total return last month was -26.03%. This was made up of a growth return of -26.03% and an income return of 0%. These returns were calculated as at 30 Jun 2007.

What was Basis Yield Fund’s total return for the last three months?

Basis Yield Fund’s total return for the last three months was -24.13%. This was made up of a growth return of -24.13% and an income return of 0%%. These returns were calculated as at 30 Jun 2007.

What is Basis Yield Fund’s one-year total return?

Basis Yield Fund’s one-year total return is -17.19%. This was made up of a growth return of -22.34% and an income return of 5.15%. These returns were calculated as at 30 Jun 2007.

What is Basis Yield Fund’s three-year total return?

Basis Yield Fund’s one-year total return is 3.41%. This was made up of a growth return of -5.98% and an income return of 9.39%. These returns were calculated as at 30 Jun 2007.

What is the asset allocation of the Basis Yield Fund managed fund?

The asset allocation of the Basis Yield Fund managed fund is :

Fixed Interest: 100%

Australian Equities: 0%

International Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Who is the responsible Entity of the Basis Yield Fund managed fund?

The Responsible Entity for the Basis Yield Fund managed fund is Basis Capital Funds Management Limited.

What sector/asset class does the Basis Yield Fund managed fund belong to?

The Basis Yield Fund managed fund belongs to the Hedge Funds - Australia sector/asset class.

What is the size of the Basis Yield Fund managed fund?

As at 31 May 2007, the size of the Basis Yield Fund managed fund was $319.91 million.

What is the inception date of the Basis Yield Fund managed fund?

The Basis Yield Fund managed fund has an inception date of 1 Dec 2003.

What is the current entry price of the Basis Yield Fund managed fund?

The current entry price of the Basis Yield Fund managed fund is $864.233 per unit and the current exit price is $864.233 per unit (as at 30 Jun 2007).

What is the current exit price of the Basis Yield Fund managed fund?

The current exit price of the Basis Yield Fund managed fund is $864.233 per unit and the current entry price is $864.233 per unit (as at 30 Jun 2007).

What is the minimum investment amount for the Basis Yield Fund managed fund?

The minimum initial investment amount for the Basis Yield Fund managed fund is $20,000.

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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