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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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	-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	3.55%	0.46%	0.37%	11.47%	10.56%	10.17%	6.99%	8.06%

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 & Infrastructure: 3.86%

Fixed Interest: 16.06%

Alternatives: 20.25%

Average Allocation of Peers

Australian Equities: 27.72%

International Equities: 35.08%

Cash: 5.07%

Property & Infrastructure: 5.94%

Fixed Interest: 21.40%

Alternatives: 4.79%

General Information

Fund Details

Type	Description
Fund Name	Generation Fund
Fund Status	Closed
Responsible Entity	Ironbark Asset Mgmt (Fund Services) Ltd
APIR Code	DAM4177AU
Sector/Asset Class	Multisector Growth
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	13 Jul 2017
Fund Size	$34.89 million (as at 31 Oct 2019)
Entry Price	$1.0666 (as at 31 Oct 2019)
Exit Price	$1.0623 (as at 31 Oct 2019)
Fund Status	Finalised

Offer information

Type	Description
MER	1.94% (as at 1 Apr 2019)
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

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FAQs about the Generation Fund

What is the objective of the Generation Fund managed 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.

What is the strategy for the Generation Fund managed fund?

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.

What is the APIR code of the Generation Fund managed fund?

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

What was Generation Fund’s total return last month?

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.

What was Generation Fund’s total return for the last three months?

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.

What is Generation Fund’s one-year total return?

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.

What is Generation Fund’s three-year total return?

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.

What is the asset allocation of the Generation Fund managed fund?

The asset allocation of the Generation Fund managed fund is :

Australian Equities: 29.22%

International Equities: 28.49%

Cash: 2.12%

Property & Infrastructure: 3.86%

Fixed Interest: 16.06%

Alternatives: 20.25%

Who is the responsible Entity of the Generation Fund managed fund?

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

What sector/asset class does the Generation Fund managed fund belong to?

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

What is the size of the Generation Fund managed fund?

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

What is the inception date of the Generation Fund managed fund?

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

What is the current entry price of the Generation Fund managed fund?

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).

What is the current exit price of the Generation Fund managed fund?

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).

What is the minimum investment amount for the Generation Fund managed fund?

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.

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