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BlackRock Diversified Credit Fund D - Managed Fund (Closed)

Fund Objective
The Fund aims to generate returns in excess of its benchmark index (the UBS Australia Bank Bill Index) by seeking opportunities in the broad universe of floating rate securities (including fixed rate securities swapped back to floating rate exposures). Target out-performance is 0.70% p.a. before fees over the medium term (3 years).
Fund Strategy
We aim to achieve this objective primarily through the management of credit exposure using research-based knowledge, fundamental credit analysis and the requisite skill base to identify securities with superior risk-adjusted return characteristics in both the domestic and international debt markets. Within a disciplined risk framework, we seek to access the performance potential of a diverse range of these investment opportunities on a global basis.

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 -1.96% -1.32% -2.26% -4.79% 1.27% 2.83% -% -%
Growth return -2.31% -2% -3.46% -8.18% -4.31% -2.88% -% -%
Income return 0.35% 0.68% 1.2% 3.39% 5.58% 5.71% -% -%
Market index (Bloomberg Global Aggregate TR Hdg AUD)
Total return 0.23% 0.17% 2.11% 4.26% 3.6% 3.34% -0.43% 1.81%
As at 31 Jul 2008. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

BlackRock Diversified Credit Fund D
Cash
8.48%
Fixed Interest
91.52%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%
Average Allocation of Peers
Cash
4.54%
Fixed Interest
93.02%
Australian Equities
0.01%
International Equities
-0.17%
Property & Infrastructure
0.27%
Alternatives
2.33%

General Information

Fund Details
Type Description
BlackRock Diversified Credit Fund D (Wholesale)
Closed
BlackRock Investment Mgmt (AUS) Ltd
MAL0011AU
Diversified Credit
starstar (as at 31 Jan 2009)
Investment Fund
1 Jul 2004
$4.11 million (as at 31 Mar 2011)
n/a
$0.0827 (as at 3 Nov 2011)
Finalised
Offer information
Type Description
MER 0.40% (as at 30 Jun 2007)
Indirect Cost Ratio (ICR) 0.40% (as at 30 Jun 2012)
Minimum initial investment $500,000
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FAQs about the BlackRock Diversified Credit Fund D

The objective of the BlackRock Diversified Credit Fund D managed fund is The Fund aims to generate returns in excess of its benchmark index (the UBS Australia Bank Bill Index) by seeking opportunities in the broad universe of floating rate securities (including fixed rate securities swapped back to floating rate exposures). Target out-performance is 0.70% p.a. before fees over the medium term (3 years).

The strategy of the BlackRock Diversified Credit Fund D managed fund is We aim to achieve this objective primarily through the management of credit exposure using research-based knowledge, fundamental credit analysis and the requisite skill base to identify securities with superior risk-adjusted return characteristics in both the domestic and international debt markets. Within a disciplined risk framework, we seek to access the performance potential of a diverse range of these investment opportunities on a global basis.

The APIR code of the BlackRock Diversified Credit Fund D managed fund is MAL0011AU.

BlackRock Diversified Credit Fund D’s total return last month was -1.96%. This was made up of a growth return of -2.31% and an income return of 0.35%. These returns were calculated as at 31 Jul 2008.

BlackRock Diversified Credit Fund D’s total return for the last three months was -1.32%. This was made up of a growth return of -2% and an income return of 0.68%%. These returns were calculated as at 31 Jul 2008.

BlackRock Diversified Credit Fund D’s one-year total return is -4.79%. This was made up of a growth return of -8.18% and an income return of 3.39%. These returns were calculated as at 31 Jul 2008.

BlackRock Diversified Credit Fund D’s one-year total return is 2.83%. This was made up of a growth return of -2.88% and an income return of 5.71%. These returns were calculated as at 31 Jul 2008.

The asset allocation of the BlackRock Diversified Credit Fund D managed fund is :

Cash
8.48%
Fixed Interest
91.52%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%

The Responsible Entity for the BlackRock Diversified Credit Fund D managed fund is BlackRock Investment Mgmt (AUS) Ltd.

The BlackRock Diversified Credit Fund D managed fund belongs to the Diversified Credit sector/asset class.

As at 31 Mar 2011, the size of the BlackRock Diversified Credit Fund D managed fund was $4.11 million.

The BlackRock Diversified Credit Fund D managed fund has an inception date of 1 Jul 2004.

The current entry price of the BlackRock Diversified Credit Fund D managed fund is $ per unit and the current exit price is $0.0827 per unit (as at 3 Nov 2011).

The current exit price of the BlackRock Diversified Credit Fund D managed fund is $0.0827 per unit and the current entry price is $ per unit (as at 3 Nov 2011).

The minimum initial investment amount for the BlackRock Diversified Credit Fund D managed fund is $500,000.

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.