InvestSMART

Global Commodity Fund - Managed Fund (Closed)

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.

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 -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 7.31% 15.54% 26.62% 41.74% 1.8% 2.09% 3.54% -1.44%
As at 31 Jul 2004. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.
Average Allocation of Peers
Alternatives
87.67%
International Equities
11.11%
Cash
1.22%

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)
Finalised
Offer information
Type Description
Minimum initial investment $50,000

FAQs about the Global Commodity Fund

The objective of the Global Commodity Fund managed fund is 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.

The strategy of the Global Commodity Fund managed fund is 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.

The APIR code of the Global Commodity Fund managed fund is CMY0001AU.

Global Commodity Fund’s total return last month was -11.07%. This was made up of a growth return of -11.07% and an income return of 0%. These returns were calculated as at 31 Jul 2004.

Global Commodity Fund’s total return for the last three months was -11.5%. This was made up of a growth return of -11.5% and an income return of 0%%. These returns were calculated as at 31 Jul 2004.

Global Commodity Fund’s one-year total return is 4.36%. This was made up of a growth return of 4.36% and an income return of 0%. These returns were calculated as at 31 Jul 2004.

Global Commodity 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 Jul 2004.

The asset allocation of the Global Commodity Fund managed fund is :

Alternatives
100%
International Equities
0%
Cash
0%

The Responsible Entity for the Global Commodity Fund managed fund is Commodity Strategies AG.

The Global Commodity Fund managed fund belongs to the Commodities & Precious Metals sector/asset class.

As at 31 Aug 2004, the size of the Global Commodity Fund managed fund was $7.41 million.

The Global Commodity Fund managed fund has an inception date of 15 Apr 2003.

The current entry price of the Global Commodity Fund managed fund is $1.0326 per unit and the current exit price is $1.0326 per unit (as at 31 Jul 2004).

The current exit price of the Global Commodity Fund managed fund is $1.0326 per unit and the current entry price is $1.0326 per unit (as at 31 Jul 2004).

The minimum initial investment amount for the Global Commodity Fund managed fund is $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 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.