Challenger Diversified Income - Managed Fund (Closed)

Fund Objective

To provide regular quarterly income and potential for capital growth over the medium- to long-term. Minimum recommended investment period is 3 years.

Fund Strategy

Investment ranges as follows: Australian Fixed Interest (investing through the Challenger Enhanced Fixed Interest Fund) 50% to 85%, Australian Equities (investing through the Challenger Australian Share Fund) 10% to 30%, Cash 0% to 30%.

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	-0.12%	-1.21%	-2.6%	-2.54%	1.05%	4.93%	-2.08%	2.7%
Growth return	-0.12%	-1.21%	-3.17%	-4.08%	-1.5%	1.92%	-6.43%	-3.63%
Income return	0%	0%	0.57%	1.54%	2.55%	3.01%	4.35%	6.33%
Market index (Morningstar AUS Mod Tgt Alloc NR AUD)
Total return	1.73%	0.7%	2.11%	5.87%	7.07%	6.69%	3.45%	4.35%

As at 31 Dec 2011. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Challenger Diversified Income

Australian Equities: 13.68%

Cash: 41.22%

Property & Infrastructure: 0.44%

Fixed Interest: 44.66%

International Equities: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 11.11%

Cash: 12.55%

Property & Infrastructure: 3.51%

Fixed Interest: 52.31%

International Equities: 14.68%

Alternatives: 5.85%

General Information

Fund Details

Type	Description
Fund Name	Challenger Diversified Income
Fund Status	Closed
Responsible Entity	Fidante Partners Limited
APIR Code	EQI0003AU
Sector/Asset Class	Multisector Moderate
Morningstar Rating	(as at 31 Dec 2011)
Legal Structure	Investment Fund
Fund Inception	5 Dec 1985
Fund Size	$6.29 million (as at 31 Dec 2011)
Entry Price	n/a
Exit Price	$0.2426 (as at 18 Jan 2012)
Fund Status	Finalised

Offer information

Type	Description
Standard entry fee	5%
MER	2.15% (as at 30 Jun 2006)
Indirect Cost Ratio (ICR)	1.80% (as at 30 Jun 2012)
Minimum initial investment	$5,000.00

Top 10 holdings (as at 30 Sep 2009)

Holding (as at 30 Sep 2009)	Type	% of Portfolio
Telstra Corporation Ltd.	Stock	11.47%
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FAQs about the Challenger Diversified Income

What is the objective of the Challenger Diversified Income managed fund?

The objective of the Challenger Diversified Income managed fund is To provide regular quarterly income and potential for capital growth over the medium- to long-term. Minimum recommended investment period is 3 years.

What is the strategy for the Challenger Diversified Income managed fund?

The strategy of the Challenger Diversified Income managed fund is Investment ranges as follows: Australian Fixed Interest (investing through the Challenger Enhanced Fixed Interest Fund) 50% to 85%, Australian Equities (investing through the Challenger Australian Share Fund) 10% to 30%, Cash 0% to 30%.

What is the APIR code of the Challenger Diversified Income managed fund?

The APIR code of the Challenger Diversified Income managed fund is EQI0003AU.

What was Challenger Diversified Income’s total return last month?

Challenger Diversified Income’s total return last month was -0.12%. This was made up of a growth return of -0.12% and an income return of 0%. These returns were calculated as at 31 Dec 2011.

What was Challenger Diversified Income’s total return for the last three months?

Challenger Diversified Income’s total return for the last three months was -1.21%. This was made up of a growth return of -1.21% and an income return of 0%%. These returns were calculated as at 31 Dec 2011.

What is Challenger Diversified Income’s one-year total return?

Challenger Diversified Income’s one-year total return is -2.54%. This was made up of a growth return of -4.08% and an income return of 1.54%. These returns were calculated as at 31 Dec 2011.

What is Challenger Diversified Income’s three-year total return?

Challenger Diversified Income’s one-year total return is 4.93%. This was made up of a growth return of 1.92% and an income return of 3.01%. These returns were calculated as at 31 Dec 2011.

What is the asset allocation of the Challenger Diversified Income managed fund?

The asset allocation of the Challenger Diversified Income managed fund is :

Australian Equities: 13.68%

Cash: 41.22%

Property & Infrastructure: 0.44%

Fixed Interest: 44.66%

International Equities: 0%

Alternatives: 0%

Who is the responsible Entity of the Challenger Diversified Income managed fund?

The Responsible Entity for the Challenger Diversified Income managed fund is Fidante Partners Limited.

What sector/asset class does the Challenger Diversified Income managed fund belong to?

The Challenger Diversified Income managed fund belongs to the Multisector Moderate sector/asset class.

What is the size of the Challenger Diversified Income managed fund?

As at 31 Dec 2011, the size of the Challenger Diversified Income managed fund was $6.29 million.

What is the inception date of the Challenger Diversified Income managed fund?

The Challenger Diversified Income managed fund has an inception date of 5 Dec 1985.

What is the current entry price of the Challenger Diversified Income managed fund?

The current entry price of the Challenger Diversified Income managed fund is $ per unit and the current exit price is $0.2426 per unit (as at 18 Jan 2012).

What is the current exit price of the Challenger Diversified Income managed fund?

The current exit price of the Challenger Diversified Income managed fund is $0.2426 per unit and the current entry price is $ per unit (as at 18 Jan 2012).

What is the minimum investment amount for the Challenger Diversified Income managed fund?

The minimum initial investment amount for the Challenger Diversified Income managed fund is $5,000.

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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