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  5. Dual Momentum - Managed fund profile

Dual Momentum - Managed Fund (Closed)

Fund Objective
The return objective is to provide outperformance (net of fees and expenses) over the benchmark over rolling 3 year periods.
Fund Strategy
Equities listed on the Australian Securities Exchange ('ASX') outside the S&P/ASX20 and some cash. The Meme Australian Share Fund uses a robust and back-tested quantitative strategy to identify investment opportunities expected to provide both positive price appreciation and relative price outperformance over the medium to long term.

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 -4.33% -4.79% -2.02% -6.63% 6.49% 1.95% 10.51% -%
Growth return -4.33% -4.79% -2.02% -7.33% -0.15% -2.82% 5.59% -%
Income return 0% 0% 0% 0.7% 6.64% 4.77% 4.92% -%
Market index (MSCI World Small Cap NR AUD)
Total return 3.44% 9.59% 8.57% 17.61% 14.19% 14.22% 13% 9.75%
As at 31 May 2019. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.
Average Allocation of Peers
International Equities
95.12%
Australian Equities
2.85%
Cash
1.83%
Property & Infrastructure
0.20%
Alternatives
0%

General Information

Fund Details
Type Description
Dual Momentum (Wholesale)
Closed
Theta Asset Management Limited
MMC0003AU
Equity World Mid/Small
starstar (as at 30 Apr 2019)
Investment Fund
1 Jul 2013
$7.22 million (as at 31 May 2019)
$1.397 (as at 31 May 2019)
$1.39 (as at 31 May 2019)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.70% (as at 30 Jun 2017)
Minimum initial investment $50,000
Minimum additional investments $5,000.00

Top 10 holdings (as at 31 May 2019)

Holding (as at 31 May 2019) Type % of Portfolio
Emera Inc Equity 4.32%
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FAQs about the Dual Momentum

The objective of the Dual Momentum managed fund is The return objective is to provide outperformance (net of fees and expenses) over the benchmark over rolling 3 year periods.

The strategy of the Dual Momentum managed fund is Equities listed on the Australian Securities Exchange ('ASX') outside the S&P/ASX20 and some cash. The Meme Australian Share Fund uses a robust and back-tested quantitative strategy to identify investment opportunities expected to provide both positive price appreciation and relative price outperformance over the medium to long term.

The APIR code of the Dual Momentum managed fund is MMC0003AU.

Dual Momentum’s total return last month was -4.33%. This was made up of a growth return of -4.33% and an income return of 0%. These returns were calculated as at 31 May 2019.

Dual Momentum’s total return for the last three months was -4.79%. This was made up of a growth return of -4.79% and an income return of 0%%. These returns were calculated as at 31 May 2019.

Dual Momentum’s one-year total return is -6.63%. This was made up of a growth return of -7.33% and an income return of 0.7%. These returns were calculated as at 31 May 2019.

Dual Momentum’s one-year total return is 1.95%. This was made up of a growth return of -2.82% and an income return of 4.77%. These returns were calculated as at 31 May 2019.

The asset allocation of the Dual Momentum managed fund is :

International Equities
100%
Australian Equities
0%
Cash
0%
Property & Infrastructure
0%
Alternatives
0%

The Responsible Entity for the Dual Momentum managed fund is Theta Asset Management Limited.

The Dual Momentum managed fund belongs to the Equity World Mid/Small sector/asset class.

As at 31 May 2019, the size of the Dual Momentum managed fund was $7.22 million.

The Dual Momentum managed fund has an inception date of 1 Jul 2013.

The current entry price of the Dual Momentum managed fund is $1.397 per unit and the current exit price is $1.39 per unit (as at 31 May 2019).

The current exit price of the Dual Momentum managed fund is $1.39 per unit and the current entry price is $1.397 per unit (as at 31 May 2019).

The minimum initial investment amount for the Dual Momentum managed fund is $50,000. Minimum additional investment is $5000.

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.