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Generation Fund - Managed Fund (Closed)

Fund Objective
To invest in a broad range of asset classes in order to provide a positive return net of fees and before taxes in excess of the Morningstar Australian Multi-Sector Growth Index over 3 to 5 years.
Fund Strategy
The Fund aims to utilise proven portfolio construction capabilities to invest in a diversified portfolio with exposure to income assets (cash and fixed interest), growth assets (shares, property and infrastructure) and alternative assets in an effort to enhance diversification and improve risk adjusted returns. The Fund's exposure to these asset classes is through investing into unlisted managed funds and direct equities.

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 -0.37% -0.66% 2.74% 9.68% 5.42% -% -% -%
Growth return -6.11% -6.38% -6.97% -0.76% -1.38% -% -% -%
Income return 5.74% 5.72% 9.71% 10.44% 6.8% -% -% -%
Market index (Morningstar AUS Growth Tgt Alloc NR AUD)
Total return 2.5% 5.98% 13.05% 14.32% 6.19% 6.56% 7.27% 7.68%
As at 31 Oct 2019. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Generation Fund
Australian Equities
29.22%
International Equities
28.49%
Cash
2.12%
Property
3.86%
Fixed Interest
16.06%
Alternatives
20.25%
Average Allocation of Peers
Australian Equities
27.50%
International Equities
33.02%
Cash
6.64%
Property
6.78%
Fixed Interest
21.81%
Alternatives
4.25%

General Information

Fund Details
Type Description
Generation Fund
Closed
Ironbark Asset Mgmt (Fund Services) Ltd
DAM4177AU
Multisector Growth
Not Rated
Investment Fund
13 Jul 2017
$34.89 million (as at 31 Oct 2019)
$1.0666 (as at 31 Oct 2019)
$1.0623 (as at 31 Oct 2019)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.94% (as at 30 Jun 2018)
Minimum initial investment $15,000
Minimum additional investments $1,000.00
Minimum redemption amount $1,000.00

FAQs about the Generation Fund

The objective of the Generation Fund managed fund is To invest in a broad range of asset classes in order to provide a positive return net of fees and before taxes in excess of the Morningstar Australian Multi-Sector Growth Index over 3 to 5 years.

The strategy of the Generation Fund managed fund is The Fund aims to utilise proven portfolio construction capabilities to invest in a diversified portfolio with exposure to income assets (cash and fixed interest), growth assets (shares, property and infrastructure) and alternative assets in an effort to enhance diversification and improve risk adjusted returns. The Fund's exposure to these asset classes is through investing into unlisted managed funds and direct equities.

The APIR code of the Generation Fund managed fund is DAM4177AU.

Generation Fund’s total return last month was -0.37%. This was made up of a growth return of -6.11% and an income return of 5.74%. These returns were calculated as at 31 Oct 2019.

Generation Fund’s total return for the last three months was -0.66%. This was made up of a growth return of -6.38% and an income return of 5.72%%. These returns were calculated as at 31 Oct 2019.

Generation Fund’s one-year total return is 9.68%. This was made up of a growth return of -0.76% and an income return of 10.44%. These returns were calculated as at 31 Oct 2019.

Generation Fund’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 Oct 2019.

The asset allocation of the Generation Fund managed fund is :

Australian Equities
29.22%
International Equities
28.49%
Cash
2.12%
Property
3.86%
Fixed Interest
16.06%
Alternatives
20.25%

The Responsible Entity for the Generation Fund managed fund is Ironbark Asset Mgmt (Fund Services) Ltd.

The Generation Fund managed fund belongs to the Multisector Growth sector/asset class.

As at 31 Oct 2019, the size of the Generation Fund managed fund was $34.89 million.

The Generation Fund managed fund has an inception date of 13 Jul 2017.

The current entry price of the Generation Fund managed fund is $1.0666 per unit and the current exit price is $1.0623 per unit (as at 31 Oct 2019).

The current exit price of the Generation Fund managed fund is $1.0623 per unit and the current entry price is $1.0666 per unit (as at 31 Oct 2019).

The minimum initial investment amount for the Generation Fund managed fund is $15,000. Minimum additional investment is $1000.

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.