InvestSMART

BlackRock Direct Real Estate A - Managed Fund (Closed)

Fund Objective
The primary aim of the Fund is to provide investors with exposure to a diversified portfolio of direct and unlisted property investments.
Fund Strategy
The investment objective of the Fund will be achieved by investing in the Merrill Lynch Property Trust ('the Property Trust') which is a wholesale direct property fund managed by us.

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 0.47% -0.01% 1.72% -0.36% 1.95% 3.38% -3.53% -%
Growth return 0.47% -2.17% -1.68% -5.78% -3.16% -1.52% -7.6% -%
Income return 0% 2.16% 3.4% 5.42% 5.11% 4.9% 4.07% -%
Market index (S&P/ASX 200 A-REIT TR)
Total return 0.58% 1.83% 12.45% 7.4% 27.85% 16.36% 12.12% 8.23%
As at 31 Oct 2012. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

BlackRock Direct Real Estate A
Cash
7.27%
Property & Infrastructure
92.73%
Australian Equities
0%
International Equities
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Cash
1.74%
Property & Infrastructure
94.07%
Australian Equities
4.06%
International Equities
0.13%
Fixed Interest
0%
Alternatives
0%

General Information

Fund Details
Type Description
BlackRock Direct Real Estate A
Closed
BlackRock Investment Mgmt (AUS) Ltd
MAL0033AU
Unlisted and Direct Property
starstar (as at 28 Feb 2011)
Investment Fund
1 Jun 2007
$1.6 million (as at 31 May 2013)
$0.60286 (as at 17 Jun 2013)
$0.57874 (as at 17 Jun 2013)
Finalised
Offer information
Type Description
Standard entry fee 4%
MER 2.10% (as at 30 Jun 2007)
Indirect Cost Ratio (ICR) 2.10% (as at 30 Jun 2012)
Minimum initial investment $5,000.00

FAQs about the BlackRock Direct Real Estate A

The objective of the BlackRock Direct Real Estate A managed fund is The primary aim of the Fund is to provide investors with exposure to a diversified portfolio of direct and unlisted property investments.

The strategy of the BlackRock Direct Real Estate A managed fund is The investment objective of the Fund will be achieved by investing in the Merrill Lynch Property Trust ('the Property Trust') which is a wholesale direct property fund managed by us.

The APIR code of the BlackRock Direct Real Estate A managed fund is MAL0033AU.

BlackRock Direct Real Estate A’s total return last month was 0.47%. This was made up of a growth return of 0.47% and an income return of 0%. These returns were calculated as at 31 Oct 2012.

BlackRock Direct Real Estate A’s total return for the last three months was -0.01%. This was made up of a growth return of -2.17% and an income return of 2.16%%. These returns were calculated as at 31 Oct 2012.

BlackRock Direct Real Estate A’s one-year total return is -0.36%. This was made up of a growth return of -5.78% and an income return of 5.42%. These returns were calculated as at 31 Oct 2012.

BlackRock Direct Real Estate A’s one-year total return is 3.38%. This was made up of a growth return of -1.52% and an income return of 4.9%. These returns were calculated as at 31 Oct 2012.

The asset allocation of the BlackRock Direct Real Estate A managed fund is :

Cash
7.27%
Property & Infrastructure
92.73%
Australian Equities
0%
International Equities
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the BlackRock Direct Real Estate A managed fund is BlackRock Investment Mgmt (AUS) Ltd.

The BlackRock Direct Real Estate A managed fund belongs to the Unlisted and Direct Property sector/asset class.

As at 31 May 2013, the size of the BlackRock Direct Real Estate A managed fund was $1.6 million.

The BlackRock Direct Real Estate A managed fund has an inception date of 1 Jun 2007.

The current entry price of the BlackRock Direct Real Estate A managed fund is $0.60286 per unit and the current exit price is $0.57874 per unit (as at 17 Jun 2013).

The current exit price of the BlackRock Direct Real Estate A managed fund is $0.57874 per unit and the current entry price is $0.60286 per unit (as at 17 Jun 2013).

The minimum initial investment amount for the BlackRock Direct Real Estate A managed fund is $5,000.

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.