InvestSMART

Cannae High Conviction - Managed Fund (Closed)

Fund Objective
The Fund is managed with the objective of providing investors with an attractive combination of capital growth, income and a rate of return (after fees & expenses & before taxes) which exceeds the S&P/ASX 300 Accumulation Index by 4% on a rolling 3 year basis (accumulated return). The portfolio is comprised of Aus and N Z securities.
Fund Strategy
The strategy of the fund is to target outperformance of the stockmarket index by careful stockpicking of equities using a medium term holding horizon. Asset allocation is between cash and equities only, with cash usually kept at low levels.

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 1.68% 1.22% 8.09% 38.68% -% -% -% -%
Growth return 1.68% 1.22% 8.09% 38.61% -% -% -% -%
Income return 0% 0% 0% 0.07% -% -% -% -%
Market index (S&P/ASX 200 TR AUD)
Total return -0.78% 4.71% 14.66% 10.56% 16.03% 15.17% 12.98% 10.11%
As at 28 Feb 2010. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Cannae High Conviction
Australian Equities
83.05%
Cash
16.95%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.38%
Cash
-0.73%
International Equities
5.10%
Property & Infrastructure
1.41%
Fixed Interest
0.26%
Alternatives
0.58%

General Information

Fund Details
Type Description
Cannae High Conviction (Wholesale)
Closed
Treasury Group Investment Services (Aus)
TGP0013AU
Equity Australia Large Blend
Not Rated
Investment Fund
12 Jun 2008
$0.89 million (as at 31 Jan 2010)
$0.8625 (as at 26 Feb 2010)
$0.8573 (as at 26 Feb 2010)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.03% (as at 30 Jun 2009)
Minimum initial investment $100,000
Minimum additional investments $5,000.00
Minimum redemption amount $5,000.00

Top 10 holdings (as at 31 Dec 2009)

Holding (as at 31 Dec 2009) Type % of Portfolio
BHP Billiton Limited Stock 11.53%
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FAQs about the Cannae High Conviction

The objective of the Cannae High Conviction managed fund is The Fund is managed with the objective of providing investors with an attractive combination of capital growth, income and a rate of return (after fees & expenses & before taxes) which exceeds the S&P/ASX 300 Accumulation Index by 4% on a rolling 3 year basis (accumulated return). The portfolio is comprised of Aus and N Z securities.

The strategy of the Cannae High Conviction managed fund is The strategy of the fund is to target outperformance of the stockmarket index by careful stockpicking of equities using a medium term holding horizon. Asset allocation is between cash and equities only, with cash usually kept at low levels.

The APIR code of the Cannae High Conviction managed fund is TGP0013AU.

Cannae High Conviction’s total return last month was 1.68%. This was made up of a growth return of 1.68% and an income return of 0%. These returns were calculated as at 28 Feb 2010.

Cannae High Conviction’s total return for the last three months was 1.22%. This was made up of a growth return of 1.22% and an income return of 0%%. These returns were calculated as at 28 Feb 2010.

Cannae High Conviction’s one-year total return is 38.68%. This was made up of a growth return of 38.61% and an income return of 0.07%. These returns were calculated as at 28 Feb 2010.

Cannae High Conviction’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 28 Feb 2010.

The asset allocation of the Cannae High Conviction managed fund is :

Australian Equities
83.05%
Cash
16.95%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Cannae High Conviction managed fund is Treasury Group Investment Services (Aus).

The Cannae High Conviction managed fund belongs to the Equity Australia Large Blend sector/asset class.

As at 31 Jan 2010, the size of the Cannae High Conviction managed fund was $0.89 million.

The Cannae High Conviction managed fund has an inception date of 12 Jun 2008.

The current entry price of the Cannae High Conviction managed fund is $0.8625 per unit and the current exit price is $0.8573 per unit (as at 26 Feb 2010).

The current exit price of the Cannae High Conviction managed fund is $0.8573 per unit and the current entry price is $0.8625 per unit (as at 26 Feb 2010).

The minimum initial investment amount for the Cannae High Conviction managed fund is $100,000. Minimum additional investment is $5000.

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.