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  5. Concord Discovery Fund A - Managed fund profile

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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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 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 4.79% 7.55% 16.71% 13.83% -0.6% 2.72% -% 6.69%
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
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
90.74%
Cash
4.55%
International Equities
2.44%
Property
1.98%
Fixed Interest
0.25%
Alternatives
0.03%

General Information

Fund Details
Type Description
Concord Discovery Fund A
Closed
Invesco Australia Limited
GTU0063AU
Equity Australia Mid/Small Blend
Not Rated
Investment Fund
24 Feb 2011
$1.64 million (as at 31 Dec 2012)
$0.85 (as at 25 Jan 2013)
$0.8439 (as at 25 Jan 2013)
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

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.

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.

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

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.

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.

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.

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.

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

Australian Equities
96.89%
Cash
3.11%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

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

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

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

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

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).

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).

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.