Excela Australian Equity Income Accelerator - Managed Fund

Fund Performance Comparison

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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.

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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 2.2 -0.96 -2.98 -2.87 2.28 -5.24 - -
Growth return 2.2 -3.09 -7.24 -16.06 -13.44 -19.8 - -
Income return 0 2.13 4.26 13.19 15.72 14.56 - -
Market index (S&P/ASX 200 TR AUD)
Total return 1.84 2.37 - 12.47 13.21 11.88 9.5 8.15
As as 28 Feb 2014. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Excela Australian Equity Income Accelerator
Australian Equities
77.92%
Cash
15.60%
Property
6.47%
International Equities
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
92.99%
Cash
3.04%
Property
3.16%
International Equities
0.69%
Fixed Interest
0.05%
Alternatives
0.08%

General Information

Fund Details
Type Description
Excela Australian Equity Income Accelerator
Closed
Avestra Asset Management Ltd
FHT0011AU
Equity Australia Derivative Income
star (as at 28 Feb 2014)
Investment Fund
6 Oct 2009
$6.7 million (as at 28 Feb 2014)
$0.4263 (as at 28 Feb 2014)
$0.4229 (as at 28 Feb 2014)
Fund Objective
The investment objective of the Accelerator Fund is to produce income in excess of 1% per month on average in distributions so that investors might benefit from income yield or add to potential capital growth through reinvesting those distributions.
Fund Strategy
The Investment Manager will invest in a portfolio of shares in top 50 ASX listed companies by market capitalisation and write options over those shares to provide income (i.e., the 'premium' being the amount the options are sold for - a 'Buy-Write' strategy).
Offer information
Type Description
Standard entry fee 3.30%
Indirect Cost Ratio (ICR) 1.60% (as at 30 Jun 2013)
Performance fee (not included in ICR) 0
Minimum initial investment $1,000.00
Minimum additional investments $1,000.00
Minimum redemption amount

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 cannot 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.

How is your fund performing?

Out of the 5,494 Australian funds researched with a 10 year track record, 81% underperform the industry standard benchmarks by an average of 2.12%, with average fees of 1.79%^.

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Underperforming
81%^

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Our Managed Funds

Returns Since Inception
InvestSMART International Equities 11.39%
Intelligent Investor Equity Growth 9.87%
InvestSMART High Growth 9.27%
Intelligent Investor Equity Income 9.06%
InvestSMART Diversified Property and Infrastructure 8.48%
InvestSMART Growth 8.47%
Intelligent Investor Australian Small Companies Fund 7.27%
InvestSMART Balanced 6.86%
InvestSMART Conservative 5.33%
InvestSMART Hybrid Income 5.27%
InvestSMART Interest Income 3.75%