Global Commodity Fund - 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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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return -11.07 -11.5 -5.53 4.36 - - - -
Growth return -11.07 -11.5 -5.53 4.36 - - - -
Income return 0 0 0 0 - - - -
Market index (Morningstar Long-Only Commodity TR AUD)
Total return 1.8 0.57 1.68 -3.21 8.54 4.35 -3.13 0.22
As as 31 Jul 2004. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Global Commodity Fund
Alternatives
100%
International Equities
0%
Cash
0%
Average Allocation of Peers
Alternatives
47.36%
International Equities
50%
Cash
2.64%

General Information

Fund Details
Type Description
Global Commodity Fund (Wholesale)
Closed
Commodity Strategies AG
CMY0001AU
Commodities & Precious Metals
Not Rated
Investment Fund
15 Apr 2003
$7.41 million (as at 31 Aug 2004)
$1.0326 (as at 31 Jul 2004)
$1.0326 (as at 31 Jul 2004)
Fund Objective
Commodity Strategies has developed an ECI programme benchmarked against a 50% blend of the CRB Index and the GS Commodity Index. The ECI uses fixed weightings, based on the benchmark, for 24 diverse commodities to provide stable, long term diversification to conventional equity portfolios. It has equity-like returns with no correlation to other asset classes, and has been designed to outperform the benchmark over any five year period.
Fund Strategy
The ECI is a fully automated, non-discretionary investment process capitalising on the fundamentals associated with the way commodities are stored and valued, not market inefficiencies. A daily automated quantitative investment process evaluates each commodity in the portfolio to determine whether storing a commodity is likely to be a cost or a benefit. Commodity exposure which is determined to be a cost is allocated to high quality fixed interest investments.
Offer information
Type Description
Minimum initial investment $50,000

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 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.

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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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Our Managed Funds

Returns Since Inception
InvestSMART International Equities 11.39%
Intelligent Investor Equity Growth 9.87%
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