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  5. GMO Australian Small Companies Trust - Managed fund profile

GMO Australian Small Companies Trust - Managed Fund (Closed)

Fund Objective
The Trust is invested in Australian equity securities selected with the aim of producing a portfolio that outperforms the Small Ordinaries Accumulation Index. The Manager targets to outperform the S&P/ASX Small Ordinaries Accumulation Index by 4-5% per annum over a full market cycle with a tracking error of 5% per annum, before taking into account Trust fees and expenses.
Fund Strategy
Quantitative techniques are used to determine the selection of securities in the portfolio, and the Manager actively controls portfolio risk through an optimisation process which analyses the trade-off between anticipated returns and each security's contribution to portfolio volatility.

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 0.5% 16.01% 15.55% -4.84% 1.46% 17.71% -5.83% 8.24%
Growth return 0.5% 16.01% 13.44% -8.97% -1.84% 13.21% -12.73% -3.15%
Income return 0% 0% 2.11% 4.13% 3.3% 4.5% 6.9% 11.39%
Market index (S&P/ASX Small Ordinaries TR AUD)
Total return 4.79% 7.55% 16.71% 13.83% -0.6% 2.72% -% 6.69%
As at 31 Mar 2012. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

GMO Australian Small Companies Trust
Australian Equities
94.79%
Cash
2.24%
Property
2.97%
International Equities
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
90.54%
Cash
4.51%
Property
2.03%
International Equities
2.64%
Fixed Interest
0.25%
Alternatives
0.03%

General Information

Fund Details
Type Description
GMO Australian Small Companies Trust (Wholesale)
Closed
GMO Australia Limited
GMO0101AU
Equity Australia Mid/Small Blend
starstar (as at 31 Mar 2012)
Investment Fund
1 Sep 1999
$7.37 million (as at 31 Mar 2012)
$0.8973 (as at 3 Apr 2012)
$0.891 (as at 3 Apr 2012)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 0.67% (as at 30 Jun 2011)
Minimum initial investment $500,000
Minimum additional investments $250,000
Minimum redemption amount $250,000

Top 10 holdings (as at 31 Oct 2011)

Holding (as at 31 Oct 2011) Type % of Portfolio
Beach Energy Ltd Equity 5.40%
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FAQs about the GMO Australian Small Companies Trust

The objective of the GMO Australian Small Companies Trust managed fund is The Trust is invested in Australian equity securities selected with the aim of producing a portfolio that outperforms the Small Ordinaries Accumulation Index. The Manager targets to outperform the S&P/ASX Small Ordinaries Accumulation Index by 4-5% per annum over a full market cycle with a tracking error of 5% per annum, before taking into account Trust fees and expenses.

The strategy of the GMO Australian Small Companies Trust managed fund is Quantitative techniques are used to determine the selection of securities in the portfolio, and the Manager actively controls portfolio risk through an optimisation process which analyses the trade-off between anticipated returns and each security's contribution to portfolio volatility.

The APIR code of the GMO Australian Small Companies Trust managed fund is GMO0101AU.

GMO Australian Small Companies Trust’s total return last month was 0.5%. This was made up of a growth return of 0.5% and an income return of 0%. These returns were calculated as at 31 Mar 2012.

GMO Australian Small Companies Trust’s total return for the last three months was 16.01%. This was made up of a growth return of 16.01% and an income return of 0%%. These returns were calculated as at 31 Mar 2012.

GMO Australian Small Companies Trust’s one-year total return is -4.84%. This was made up of a growth return of -8.97% and an income return of 4.13%. These returns were calculated as at 31 Mar 2012.

GMO Australian Small Companies Trust’s one-year total return is 17.71%. This was made up of a growth return of 13.21% and an income return of 4.5%. These returns were calculated as at 31 Mar 2012.

The asset allocation of the GMO Australian Small Companies Trust managed fund is :

Australian Equities
94.79%
Cash
2.24%
Property
2.97%
International Equities
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the GMO Australian Small Companies Trust managed fund is GMO Australia Limited.

The GMO Australian Small Companies Trust managed fund belongs to the Equity Australia Mid/Small Blend sector/asset class.

As at 31 Mar 2012, the size of the GMO Australian Small Companies Trust managed fund was $7.37 million.

The GMO Australian Small Companies Trust managed fund has an inception date of 1 Sep 1999.

The current entry price of the GMO Australian Small Companies Trust managed fund is $0.8973 per unit and the current exit price is $0.891 per unit (as at 3 Apr 2012).

The current exit price of the GMO Australian Small Companies Trust managed fund is $0.891 per unit and the current entry price is $0.8973 per unit (as at 3 Apr 2012).

The minimum initial investment amount for the GMO Australian Small Companies Trust managed fund is $500,000. Minimum additional investment is $250000.

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.