Deutsche Core Australian Equity Fund - Managed Fund (Closed)

Fund Objective

The investment objective of the Fund is to outperform the benchmark, the S&P/ASX 300 Accumulation Index, before fees, over rolling three year periods, by investing primarily in securities listed on the Australian Stock Exchange.

Fund Strategy

Invests primarily in securities listed on the ASX, with some cash held for liquidity purposes.

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	4.21%	5.19%	15.19%	22.55%	25.26%	19.49%	10.64%	-%
Growth return	4.21%	5.19%	11.56%	10.49%	5.21%	5.15%	1.67%	-%
Income return	0%	0%	3.63%	12.06%	20.05%	14.34%	8.97%	-%
Market index (S&P/ASX 200 TR AUD)
Total return	4.11%	7.34%	4.07%	16.19%	13.02%	12.22%	10.78%	10.76%

As at 30 Nov 2005. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Deutsche Core Australian Equity Fund

Australian Equities: 91.61%

Cash: 3.45%

Property & Infrastructure: 4.94%

International Equities: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 95.85%

Cash: -1.01%

Property & Infrastructure: 1.26%

International Equities: 4.24%

Fixed Interest: -0.33%

Alternatives: -0.02%

General Information

Fund Details

Type	Description
Fund Name	Deutsche Core Australian Equity Fund
Fund Status	Closed
Responsible Entity	Deutsche Bank Australia
APIR Code	MGL0100AU
Sector/Asset Class	Equity Australia Large Blend
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	26 Jun 1998
Fund Size	$4.83 million (as at 30 Nov 2005)
Entry Price	$1.4223 (as at 12 Dec 2005)
Exit Price	$1.4152 (as at 12 Dec 2005)
Fund Status	Finalised

Offer information

Type	Description
MER	0.65% (as at 30 Jun 2005)
Minimum initial investment	$25,000

Top 10 holdings (as at 31 Oct 2005)

Holding (as at 31 Oct 2005)	Type	% of Portfolio
BHP Billiton Ltd	Stock	8.02%
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FAQs about the Deutsche Core Australian Equity Fund

What is the objective of the Deutsche Core Australian Equity Fund managed fund?

The objective of the Deutsche Core Australian Equity Fund managed fund is The investment objective of the Fund is to outperform the benchmark, the S&P/ASX 300 Accumulation Index, before fees, over rolling three year periods, by investing primarily in securities listed on the Australian Stock Exchange.

What is the strategy for the Deutsche Core Australian Equity Fund managed fund?

The strategy of the Deutsche Core Australian Equity Fund managed fund is Invests primarily in securities listed on the ASX, with some cash held for liquidity purposes.

What is the APIR code of the Deutsche Core Australian Equity Fund managed fund?

The APIR code of the Deutsche Core Australian Equity Fund managed fund is MGL0100AU.

What was Deutsche Core Australian Equity Fund’s total return last month?

Deutsche Core Australian Equity Fund’s total return last month was 4.21%. This was made up of a growth return of 4.21% and an income return of 0%. These returns were calculated as at 30 Nov 2005.

What was Deutsche Core Australian Equity Fund’s total return for the last three months?

Deutsche Core Australian Equity Fund’s total return for the last three months was 5.19%. This was made up of a growth return of 5.19% and an income return of 0%%. These returns were calculated as at 30 Nov 2005.

What is Deutsche Core Australian Equity Fund’s one-year total return?

Deutsche Core Australian Equity Fund’s one-year total return is 22.55%. This was made up of a growth return of 10.49% and an income return of 12.06%. These returns were calculated as at 30 Nov 2005.

What is Deutsche Core Australian Equity Fund’s three-year total return?

Deutsche Core Australian Equity Fund’s one-year total return is 19.49%. This was made up of a growth return of 5.15% and an income return of 14.34%. These returns were calculated as at 30 Nov 2005.

What is the asset allocation of the Deutsche Core Australian Equity Fund managed fund?

The asset allocation of the Deutsche Core Australian Equity Fund managed fund is :

Australian Equities: 91.61%

Cash: 3.45%

Property & Infrastructure: 4.94%

International Equities: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Deutsche Core Australian Equity Fund managed fund?

The Responsible Entity for the Deutsche Core Australian Equity Fund managed fund is Deutsche Bank Australia.

What sector/asset class does the Deutsche Core Australian Equity Fund managed fund belong to?

The Deutsche Core Australian Equity Fund managed fund belongs to the Equity Australia Large Blend sector/asset class.

What is the size of the Deutsche Core Australian Equity Fund managed fund?

As at 30 Nov 2005, the size of the Deutsche Core Australian Equity Fund managed fund was $4.83 million.

What is the inception date of the Deutsche Core Australian Equity Fund managed fund?

The Deutsche Core Australian Equity Fund managed fund has an inception date of 26 Jun 1998.

What is the current entry price of the Deutsche Core Australian Equity Fund managed fund?

The current entry price of the Deutsche Core Australian Equity Fund managed fund is $1.4223 per unit and the current exit price is $1.4152 per unit (as at 12 Dec 2005).

What is the current exit price of the Deutsche Core Australian Equity Fund managed fund?

The current exit price of the Deutsche Core Australian Equity Fund managed fund is $1.4152 per unit and the current entry price is $1.4223 per unit (as at 12 Dec 2005).

What is the minimum investment amount for the Deutsche Core Australian Equity Fund managed fund?

The minimum initial investment amount for the Deutsche Core Australian Equity Fund 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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