Centro Direct Property - Managed Fund (Closed)

Fund Objective

The Centro Direct Property Fund is a wholesale product that specialises in retail property ownership. It is managed by very high calibre property professionals within a well resourced and innovative organisation. The portfolio itself is exceptionally diversified holding a stable of small to medium sized neighbourhood and regional shopping centres throughout Australia in addition to a meaningful exposure to shopping centres in California.

Fund Strategy

Primarily invests in existing and future MCS public offerings, such as the typical MCS Direct Property Investment vehicles or prescribed interest schemes.

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	-1.19%	-1.58%	5.95%	10.89%	7.26%	-5.7%	-5.42%	-%
Growth return	-1.19%	-1.58%	-0.53%	2.2%	0.77%	-10.87%	-10.49%	-%
Income return	0%	0%	6.48%	8.69%	6.49%	5.17%	5.07%	-%
Market index (S&P/ASX 200 A-REIT TR)
Total return	-11.21%	-16.63%	-17.8%	-2.26%	-3.86%	8.08%	5.05%	5.31%

As at 30 Nov 2011. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Centro Direct Property

Cash: 35.19%

Property & Infrastructure: 46.04%

Alternatives: 18.77%

Australian Equities: 0%

International Equities: 0%

Fixed Interest: 0%

Average Allocation of Peers

Cash: 2.08%

Property & Infrastructure: 92.57%

Alternatives: 1.29%

Australian Equities: 3.72%

International Equities: 0.33%

Fixed Interest: 0%

General Information

Fund Details

Type	Description
Fund Name	Centro Direct Property
Fund Status	Closed
Responsible Entity	Centro MCS Manager Limited
APIR Code	MCS0011AU
Sector/Asset Class	Unlisted and Direct Property
Morningstar Rating	(as at 28 Feb 2011)
Legal Structure	Investment Fund
Fund Inception	1 Jan 2003
Fund Size	$73.27 million (as at 31 May 2012)
Entry Price	n/a
Exit Price	$0.6843 (as at 22 Jun 2012)
Fund Status	Finalised

Offer information

Type	Description
MER	0.76% (as at 30 Jun 2007)
Indirect Cost Ratio (ICR)	0.59% (as at 30 Jun 2011)
Minimum initial investment	$25,000

Top 10 holdings (as at 30 Nov 2009)

Holding (as at 30 Nov 2009)	Type	% of Portfolio
Centro Australia Wholesale Fund	Mutual Fund (Unspecified)	46.54%
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FAQs about the Centro Direct Property

What is the objective of the Centro Direct Property managed fund?

The objective of the Centro Direct Property managed fund is The Centro Direct Property Fund is a wholesale product that specialises in retail property ownership. It is managed by very high calibre property professionals within a well resourced and innovative organisation. The portfolio itself is exceptionally diversified holding a stable of small to medium sized neighbourhood and regional shopping centres throughout Australia in addition to a meaningful exposure to shopping centres in California.

What is the strategy for the Centro Direct Property managed fund?

The strategy of the Centro Direct Property managed fund is Primarily invests in existing and future MCS public offerings, such as the typical MCS Direct Property Investment vehicles or prescribed interest schemes.

What is the APIR code of the Centro Direct Property managed fund?

The APIR code of the Centro Direct Property managed fund is MCS0011AU.

What was Centro Direct Property’s total return last month?

Centro Direct Property’s total return last month was -1.19%. This was made up of a growth return of -1.19% and an income return of 0%. These returns were calculated as at 30 Nov 2011.

What was Centro Direct Property’s total return for the last three months?

Centro Direct Property’s total return for the last three months was -1.58%. This was made up of a growth return of -1.58% and an income return of 0%%. These returns were calculated as at 30 Nov 2011.

What is Centro Direct Property’s one-year total return?

Centro Direct Property’s one-year total return is 10.89%. This was made up of a growth return of 2.2% and an income return of 8.69%. These returns were calculated as at 30 Nov 2011.

What is Centro Direct Property’s three-year total return?

Centro Direct Property’s one-year total return is -5.7%. This was made up of a growth return of -10.87% and an income return of 5.17%. These returns were calculated as at 30 Nov 2011.

What is the asset allocation of the Centro Direct Property managed fund?

The asset allocation of the Centro Direct Property managed fund is :

Cash: 35.19%

Property & Infrastructure: 46.04%

Alternatives: 18.77%

Australian Equities: 0%

International Equities: 0%

Fixed Interest: 0%

Who is the responsible Entity of the Centro Direct Property managed fund?

The Responsible Entity for the Centro Direct Property managed fund is Centro MCS Manager Limited.

What sector/asset class does the Centro Direct Property managed fund belong to?

The Centro Direct Property managed fund belongs to the Unlisted and Direct Property sector/asset class.

What is the size of the Centro Direct Property managed fund?

As at 31 May 2012, the size of the Centro Direct Property managed fund was $73.27 million.

What is the inception date of the Centro Direct Property managed fund?

The Centro Direct Property managed fund has an inception date of 1 Jan 2003.

What is the current entry price of the Centro Direct Property managed fund?

The current entry price of the Centro Direct Property managed fund is $ per unit and the current exit price is $0.6843 per unit (as at 22 Jun 2012).

What is the current exit price of the Centro Direct Property managed fund?

The current exit price of the Centro Direct Property managed fund is $0.6843 per unit and the current entry price is $ per unit (as at 22 Jun 2012).

What is the minimum investment amount for the Centro Direct Property managed fund?

The minimum initial investment amount for the Centro Direct Property managed fund is $25,000.

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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