Concord Discovery Fund A - Managed Fund (Closed)

Fund Objective

To provide long-term capital growth and distributions by investing primarily in securities listed on the Australian and New Zealand stock exchanges.

Fund Strategy

The philosophy underlying the investment process used for the Fund is that the Australian equity market is inefficient and there are identifiable and repeatable ways to add value through fundamental bottom-up company research. The underlying portfolio generally holds 35-60 companies while maintaining a maximum cash exposure of 10%, although the Fund aims to remain fully invested with minimal cash.

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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% 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	5.93%	6.15%	13.67%	9.67%	-%	-%	-%	-%
Growth return	5.93%	6.15%	10.01%	6.14%	-%	-%	-%	-%
Income return	0%	0%	3.66%	3.53%	-%	-%	-%	-%
Market index (S&P/ASX Small Ordinaries TR AUD)
Total return	8.41%	12.42%	16.72%	23.4%	15.71%	9.81%	7.91%	9.19%

As at 31 Dec 2012. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Concord Discovery Fund A

Australian Equities: 96.89%

Cash: 3.11%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 91.27%

Cash: 3.90%

International Equities: 3.88%

Property & Infrastructure: 0.34%

Fixed Interest: 0%

Alternatives: 0.60%

General Information

Fund Details

Type	Description
Fund Name	Concord Discovery Fund A
Fund Status	Closed
Responsible Entity	Invesco Australia Limited
APIR Code	GTU0063AU
Sector/Asset Class	Equity Australia Mid/Small Blend
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	24 Feb 2011
Fund Size	$1.64 million (as at 31 Dec 2012)
Entry Price	$0.85 (as at 25 Jan 2013)
Exit Price	$0.8439 (as at 25 Jan 2013)
Fund Status	Finalised

Offer information

Type	Description
Indirect Cost Ratio (ICR)	0.95% (as at 30 Jun 2012)
Performance fee (not included in ICR)	0
Minimum initial investment	$20,000
Minimum additional investments	$500.00
Minimum redemption amount	$500.00

FAQs about the Concord Discovery Fund A

What is the objective of the Concord Discovery Fund A managed fund?

The objective of the Concord Discovery Fund A managed fund is To provide long-term capital growth and distributions by investing primarily in securities listed on the Australian and New Zealand stock exchanges.

What is the strategy for the Concord Discovery Fund A managed fund?

The strategy of the Concord Discovery Fund A managed fund is The philosophy underlying the investment process used for the Fund is that the Australian equity market is inefficient and there are identifiable and repeatable ways to add value through fundamental bottom-up company research. The underlying portfolio generally holds 35-60 companies while maintaining a maximum cash exposure of 10%, although the Fund aims to remain fully invested with minimal cash.

What is the APIR code of the Concord Discovery Fund A managed fund?

The APIR code of the Concord Discovery Fund A managed fund is GTU0063AU.

What was Concord Discovery Fund A’s total return last month?

Concord Discovery Fund A’s total return last month was 5.93%. This was made up of a growth return of 5.93% and an income return of 0%. These returns were calculated as at 31 Dec 2012.

What was Concord Discovery Fund A’s total return for the last three months?

Concord Discovery Fund A’s total return for the last three months was 6.15%. This was made up of a growth return of 6.15% and an income return of 0%%. These returns were calculated as at 31 Dec 2012.

What is Concord Discovery Fund A’s one-year total return?

Concord Discovery Fund A’s one-year total return is 9.67%. This was made up of a growth return of 6.14% and an income return of 3.53%. These returns were calculated as at 31 Dec 2012.

What is Concord Discovery Fund A’s three-year total return?

Concord Discovery Fund A’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 31 Dec 2012.

What is the asset allocation of the Concord Discovery Fund A managed fund?

The asset allocation of the Concord Discovery Fund A managed fund is :

Australian Equities: 96.89%

Cash: 3.11%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Concord Discovery Fund A managed fund?

The Responsible Entity for the Concord Discovery Fund A managed fund is Invesco Australia Limited.

What sector/asset class does the Concord Discovery Fund A managed fund belong to?

The Concord Discovery Fund A managed fund belongs to the Equity Australia Mid/Small Blend sector/asset class.

What is the size of the Concord Discovery Fund A managed fund?

As at 31 Dec 2012, the size of the Concord Discovery Fund A managed fund was $1.64 million.

What is the inception date of the Concord Discovery Fund A managed fund?

The Concord Discovery Fund A managed fund has an inception date of 24 Feb 2011.

What is the current entry price of the Concord Discovery Fund A managed fund?

The current entry price of the Concord Discovery Fund A managed fund is $0.85 per unit and the current exit price is $0.8439 per unit (as at 25 Jan 2013).

What is the current exit price of the Concord Discovery Fund A managed fund?

The current exit price of the Concord Discovery Fund A managed fund is $0.8439 per unit and the current entry price is $0.85 per unit (as at 25 Jan 2013).

What is the minimum investment amount for the Concord Discovery Fund A managed fund?

The minimum initial investment amount for the Concord Discovery Fund A managed fund is $20,000. Minimum additional investment is $500.

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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