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  5. GMO Australian Market Neutral Trust - Managed fund profile

GMO Australian Market Neutral Trust - Managed Fund (Closed)

Fund Objective
The GMO Australian Market Neutral Trust aims to outperform the UBS Australia Bank Bill Index by 7% per annum over 5 year rolling periods with a tracking error of 7% per annum.
Fund Strategy
The objective of the GMO Australian Market Neutral Trust is to provide capital appreciation. It invests in long and short positions in Australian equity securities, but with negligible net exposure to the Australian equity market. Quantitative techniques are used to determine the selection of securities which are expected to both outperform and underperform. Benchmark: UBS Australian Bank Bill Index

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 0.88% 2.7% 3.68% -1.84% -6.1% 2.49% 2.85% -%
Growth return 0.88% 2.7% 2.72% -3.99% -36.95% -22.67% -13.89% -%
Income return 0% 0% 0.96% 2.15% 30.85% 25.16% 16.74% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.3% 0.91% 1.91% 4.09% 4.22% 4% 2.52% 2.06%
As at 30 Sep 2010. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

GMO Australian Market Neutral Trust
Australian Equities
-2.33%
Cash
100.02%
Property & Infrastructure
2.31%
International Equities
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
3.95%
Cash
44.79%
Property & Infrastructure
1.44%
International Equities
6.74%
Fixed Interest
20.69%
Alternatives
22.40%

General Information

Fund Details
Type Description
GMO Australian Market Neutral Trust (Wholesale)
Closed
GMO Australia Limited
GMO0003AU
Hedge Funds - Australia
starstarstar (as at 30 Sep 2010)
Investment Fund
5 Mar 2003
$3.93 million (as at 30 Sep 2010)
$0.4697 (as at 20 Oct 2010)
$0.4659 (as at 20 Oct 2010)
Finalised
Offer information
Type Description
MER 1.54% (as at 3 Jul 2008)
Indirect Cost Ratio (ICR) 1.54% (as at 30 Jun 2009)
Minimum initial investment $500,000

Top 10 holdings (as at 31 Aug 2010)

Holding (as at 31 Aug 2010) Type % of Portfolio
Caltex Australia Limited Equity 237.18%
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FAQs about the GMO Australian Market Neutral Trust

The objective of the GMO Australian Market Neutral Trust managed fund is The GMO Australian Market Neutral Trust aims to outperform the UBS Australia Bank Bill Index by 7% per annum over 5 year rolling periods with a tracking error of 7% per annum.

The strategy of the GMO Australian Market Neutral Trust managed fund is The objective of the GMO Australian Market Neutral Trust is to provide capital appreciation. It invests in long and short positions in Australian equity securities, but with negligible net exposure to the Australian equity market. Quantitative techniques are used to determine the selection of securities which are expected to both outperform and underperform. Benchmark: UBS Australian Bank Bill Index

The APIR code of the GMO Australian Market Neutral Trust managed fund is GMO0003AU.

GMO Australian Market Neutral Trust’s total return last month was 0.88%. This was made up of a growth return of 0.88% and an income return of 0%. These returns were calculated as at 30 Sep 2010.

GMO Australian Market Neutral Trust’s total return for the last three months was 2.7%. This was made up of a growth return of 2.7% and an income return of 0%%. These returns were calculated as at 30 Sep 2010.

GMO Australian Market Neutral Trust’s one-year total return is -1.84%. This was made up of a growth return of -3.99% and an income return of 2.15%. These returns were calculated as at 30 Sep 2010.

GMO Australian Market Neutral Trust’s one-year total return is 2.49%. This was made up of a growth return of -22.67% and an income return of 25.16%. These returns were calculated as at 30 Sep 2010.

The asset allocation of the GMO Australian Market Neutral Trust managed fund is :

Australian Equities
-2.33%
Cash
100.02%
Property & Infrastructure
2.31%
International Equities
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the GMO Australian Market Neutral Trust managed fund is GMO Australia Limited.

The GMO Australian Market Neutral Trust managed fund belongs to the Hedge Funds - Australia sector/asset class.

As at 30 Sep 2010, the size of the GMO Australian Market Neutral Trust managed fund was $3.93 million.

The GMO Australian Market Neutral Trust managed fund has an inception date of 5 Mar 2003.

The current entry price of the GMO Australian Market Neutral Trust managed fund is $0.4697 per unit and the current exit price is $0.4659 per unit (as at 20 Oct 2010).

The current exit price of the GMO Australian Market Neutral Trust managed fund is $0.4659 per unit and the current entry price is $0.4697 per unit (as at 20 Oct 2010).

The minimum initial investment amount for the GMO Australian Market Neutral Trust managed fund is $500,000.

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.