BT Income Wholesale - Managed Fund (Closed)

Fund Objective

To provide a total return higher than the return from its benchmark over the medium-term. Recommended investment timeframe is 3 years or more.

Fund Strategy

Invests in BT Monthly Income Fund, which invests predominantly in fixed interest and cash investments, and will normally have some exposure to shares and property. Fund may also invest directly into any of the above assets. Investment guidelines (benchmarks in brackets): Australian shares 0-15% (7.5%), int'l shares 0-15% (7.5%), property 0-10% (5%), Australian fixed interest 10-60% (33%), int'l fixed interest 10-50% (27%), cash and other 0-75% (20%). Total growth assets 0-30% (20%), total defensive assets 70-100% (80%).

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	0.29%	0.01%	4.15%	6.47%	4.26%	4.22%	-%	-%
Growth return	0.29%	-5.75%	-4.71%	-4.71%	-5.47%	-4.9%	-%	-%
Income return	0%	5.76%	8.86%	11.18%	9.73%	9.12%	-%	-%
Market index (Morningstar AUS Con Tgt Alloc NR AUD)
Total return	0.34%	-0.48%	0.72%	3.84%	4.23%	3.95%	1.53%	2.74%

As at 31 Aug 2003. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

BT Income Wholesale

Australian Equities: 8%

International Equities: 7.80%

Cash: 18.90%

Property & Infrastructure: 5%

Fixed Interest: 60.30%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 11.19%

International Equities: 3.43%

Cash: 22.23%

Property & Infrastructure: 1.19%

Fixed Interest: 59.88%

Alternatives: 2.07%

General Information

Fund Details

Type	Description
Fund Name	BT Income Wholesale (Wholesale)
Fund Status	Closed
Responsible Entity	BT Funds Management Ltd
APIR Code	BTA0132AU
Sector/Asset Class	Multisector Conservative
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	1 Jul 1999
Fund Size	$3.5 million (as at 31 Aug 2003)
Entry Price	n/a
Exit Price	$0.8575 (as at 27 Aug 2004)
Fund Status	Finalised

Offer information

Type	Description
MER	0.84% (as at 30 Jun 2003)
Minimum initial investment	$2,000.00

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FAQs about the BT Income Wholesale

What is the objective of the BT Income Wholesale managed fund?

The objective of the BT Income Wholesale managed fund is To provide a total return higher than the return from its benchmark over the medium-term. Recommended investment timeframe is 3 years or more.

What is the strategy for the BT Income Wholesale managed fund?

The strategy of the BT Income Wholesale managed fund is Invests in BT Monthly Income Fund, which invests predominantly in fixed interest and cash investments, and will normally have some exposure to shares and property. Fund may also invest directly into any of the above assets. Investment guidelines (benchmarks in brackets): Australian shares 0-15% (7.5%), int'l shares 0-15% (7.5%), property 0-10% (5%), Australian fixed interest 10-60% (33%), int'l fixed interest 10-50% (27%), cash and other 0-75% (20%). Total growth assets 0-30% (20%), total defensive assets 70-100% (80%).

What is the APIR code of the BT Income Wholesale managed fund?

The APIR code of the BT Income Wholesale managed fund is BTA0132AU.

What was BT Income Wholesale’s total return last month?

BT Income Wholesale’s total return last month was 0.29%. This was made up of a growth return of 0.29% and an income return of 0%. These returns were calculated as at 31 Aug 2003.

What was BT Income Wholesale’s total return for the last three months?

BT Income Wholesale’s total return for the last three months was 0.01%. This was made up of a growth return of -5.75% and an income return of 5.76%%. These returns were calculated as at 31 Aug 2003.

What is BT Income Wholesale’s one-year total return?

BT Income Wholesale’s one-year total return is 6.47%. This was made up of a growth return of -4.71% and an income return of 11.18%. These returns were calculated as at 31 Aug 2003.

What is BT Income Wholesale’s three-year total return?

BT Income Wholesale’s one-year total return is 4.22%. This was made up of a growth return of -4.9% and an income return of 9.12%. These returns were calculated as at 31 Aug 2003.

What is the asset allocation of the BT Income Wholesale managed fund?

The asset allocation of the BT Income Wholesale managed fund is :

Australian Equities: 8%

International Equities: 7.80%

Cash: 18.90%

Property & Infrastructure: 5%

Fixed Interest: 60.30%

Alternatives: 0%

Who is the responsible Entity of the BT Income Wholesale managed fund?

The Responsible Entity for the BT Income Wholesale managed fund is BT Funds Management Ltd.

What sector/asset class does the BT Income Wholesale managed fund belong to?

The BT Income Wholesale managed fund belongs to the Multisector Conservative sector/asset class.

What is the size of the BT Income Wholesale managed fund?

As at 31 Aug 2003, the size of the BT Income Wholesale managed fund was $3.5 million.

What is the inception date of the BT Income Wholesale managed fund?

The BT Income Wholesale managed fund has an inception date of 1 Jul 1999.

What is the current entry price of the BT Income Wholesale managed fund?

The current entry price of the BT Income Wholesale managed fund is $ per unit and the current exit price is $0.8575 per unit (as at 27 Aug 2004).

What is the current exit price of the BT Income Wholesale managed fund?

The current exit price of the BT Income Wholesale managed fund is $0.8575 per unit and the current entry price is $ per unit (as at 27 Aug 2004).

What is the minimum investment amount for the BT Income Wholesale managed fund?

The minimum initial investment amount for the BT Income Wholesale managed fund is $2,000.

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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