BT Tax Effective Income Retail - Managed Fund (Closed)

Fund Objective

To provide a regular tax effective income as well as some capital growth over the long term to keep pace with inflation.

Fund Strategy

The investment option invests in Australian shares, Australian property securities, Australian fixed interest, alternative investments, convertible preference shares and cash. The tax effectiveness arises from dividend imputation from Australian shares and tax deferred income from listed property trusts.

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.

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Fees Comparison

% p.a.

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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	0.68%	5.96%	7.48%	7.4%	5.17%	5.99%	5.54%	6.89%
Growth return	0.56%	5.58%	6.69%	4.87%	2.06%	2.41%	2.4%	3.6%
Income return	0.12%	0.38%	0.79%	2.53%	3.11%	3.58%	3.14%	3.29%
Market index (Morningstar AUS Growth Tgt Alloc NR AUD)
Total return	0.75%	4.43%	10.73%	11.3%	14.85%	13.6%	9.39%	8.35%

As at 30 Apr 2019. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

BT Tax Effective Income Retail

Australian Equities: 46.41%

Cash: 5.93%

Property & Infrastructure: 12.04%

Fixed Interest: 31.59%

Alternatives: 4.03%

International Equities: 0%

Average Allocation of Peers

Australian Equities: 27.18%

Cash: 6.36%

Property & Infrastructure: 6.36%

Fixed Interest: 20.91%

Alternatives: 3.99%

International Equities: 35.20%

General Information

Fund Details

Type	Description
Fund Name	BT Tax Effective Income Retail
Fund Status	Closed
Responsible Entity	BT Funds Management No.2 Limited
APIR Code	RFA0034AU
Sector/Asset Class	Multisector Growth
Morningstar Rating	(as at 30 Apr 2019)
Legal Structure	Investment Fund
Fund Inception	29 Oct 2003
Fund Size	$0 million (as at 31 May 2019)
Entry Price	$0.93 (as at 8 May 2019)
Exit Price	$0.929 (as at 8 May 2019)
Fund Status	Finalised

Offer information

Type	Description
Indirect Cost Ratio (ICR)	2.11% (as at 30 Jun 2017)
Performance fee (not included in ICR)	Not Available
Minimum initial investment	$5,000.00
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 31 Dec 2023)

Holding (as at 31 Dec 2023)	Type	% of Portfolio
Bt Invest Mgnt	Mutual Fund - Open End	46.31%
Login now to view the complete list of holdings.

FAQs about the BT Tax Effective Income Retail

What is the objective of the BT Tax Effective Income Retail managed fund?

The objective of the BT Tax Effective Income Retail managed fund is To provide a regular tax effective income as well as some capital growth over the long term to keep pace with inflation.

What is the strategy for the BT Tax Effective Income Retail managed fund?

The strategy of the BT Tax Effective Income Retail managed fund is The investment option invests in Australian shares, Australian property securities, Australian fixed interest, alternative investments, convertible preference shares and cash. The tax effectiveness arises from dividend imputation from Australian shares and tax deferred income from listed property trusts.

What is the APIR code of the BT Tax Effective Income Retail managed fund?

The APIR code of the BT Tax Effective Income Retail managed fund is RFA0034AU.

What was BT Tax Effective Income Retail’s total return last month?

BT Tax Effective Income Retail’s total return last month was 0.68%. This was made up of a growth return of 0.56% and an income return of 0.12%. These returns were calculated as at 30 Apr 2019.

What was BT Tax Effective Income Retail’s total return for the last three months?

BT Tax Effective Income Retail’s total return for the last three months was 5.96%. This was made up of a growth return of 5.58% and an income return of 0.38%%. These returns were calculated as at 30 Apr 2019.

What is BT Tax Effective Income Retail’s one-year total return?

BT Tax Effective Income Retail’s one-year total return is 7.4%. This was made up of a growth return of 4.87% and an income return of 2.53%. These returns were calculated as at 30 Apr 2019.

What is BT Tax Effective Income Retail’s three-year total return?

BT Tax Effective Income Retail’s one-year total return is 5.99%. This was made up of a growth return of 2.41% and an income return of 3.58%. These returns were calculated as at 30 Apr 2019.

What is the asset allocation of the BT Tax Effective Income Retail managed fund?

The asset allocation of the BT Tax Effective Income Retail managed fund is :

Australian Equities: 46.41%

Cash: 5.93%

Property & Infrastructure: 12.04%

Fixed Interest: 31.59%

Alternatives: 4.03%

International Equities: 0%

Who is the responsible Entity of the BT Tax Effective Income Retail managed fund?

The Responsible Entity for the BT Tax Effective Income Retail managed fund is BT Funds Management No.2 Limited.

What sector/asset class does the BT Tax Effective Income Retail managed fund belong to?

The BT Tax Effective Income Retail managed fund belongs to the Multisector Growth sector/asset class.

What is the size of the BT Tax Effective Income Retail managed fund?

As at 31 May 2019, the size of the BT Tax Effective Income Retail managed fund was $0 million.

What is the inception date of the BT Tax Effective Income Retail managed fund?

The BT Tax Effective Income Retail managed fund has an inception date of 29 Oct 2003.

What is the current entry price of the BT Tax Effective Income Retail managed fund?

The current entry price of the BT Tax Effective Income Retail managed fund is $0.93 per unit and the current exit price is $0.929 per unit (as at 8 May 2019).

What is the current exit price of the BT Tax Effective Income Retail managed fund?

The current exit price of the BT Tax Effective Income Retail managed fund is $0.929 per unit and the current entry price is $0.93 per unit (as at 8 May 2019).

What is the minimum investment amount for the BT Tax Effective Income Retail managed fund?

The minimum initial investment amount for the BT Tax Effective Income Retail managed fund is $5,000. Minimum additional investment is $0.

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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