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  5. ING Wholesale Global High Dividend - Managed fund profile

ING Wholesale Global High Dividend - Managed Fund (Closed)

Fund Objective
The aim of the Fund is to outperform (gross of fees and expenses) the benchmark over rolling 3 year periods unhedged, maintain an average portfolio dividend yield that exceeds that of the benchmark index by 150 basis points, and achieve lower absolute risk than the benchmark over the long-term. The benchmark is the MSCI World (Total Return) Index, with net dividends reinvested and calculated in Australian dollars.
Fund Strategy
ING Investment Management's (INGIM) Global High Dividend (GHD) investment strategy seeks to create a portfolio of stocks which pay a relatively higher level of dividends and are supported by sound business fundamentals. In essence, the strategy focuses on stocks that provide stable income from solid business operations that exhibit strong capital discipline. As such, the strategy has shown lower downside risk and lower absolute risk compared to most global equity strategies since inception.

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 0.45% 2.33% 2.21% -5.84% -1.68% -2.04% -8.26% -%
Growth return 0.45% 1.39% 0.28% -9.16% -5.14% -5.81% -13.25% -%
Income return 0% 0.94% 1.93% 3.32% 3.46% 3.77% 4.99% -%
Market index (MSCI World Ex Australia NR AUD)
Total return 0.92% 6.62% 5.1% 20.06% 19.45% 20.5% 15.74% 12.6%
As at 31 Jan 2012. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

ING Wholesale Global High Dividend
Australian Equities
4.80%
International Equities
90.40%
Cash
4.80%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
1.45%
International Equities
95.50%
Cash
1.75%
Property & Infrastructure
1.15%
Fixed Interest
0%
Alternatives
0.14%

General Information

Fund Details
Type Description
ING Wholesale Global High Dividend (Wholesale)
Closed
ING Investment Management Australia
HML0012AU
Equity World Large Value
starstarstarstar (as at 31 Jan 2012)
Investment Fund
5 Sep 2005
$66.9 million (as at 31 Jan 2012)
$0.5893 (as at 8 Feb 2012)
$0.5869 (as at 8 Feb 2012)
Finalised
Offer information
Type Description
MER 0.90% (as at 30 Jun 2006)
Indirect Cost Ratio (ICR) 0.08% (as at 30 Jun 2011)
Minimum initial investment $50,000

Top 10 holdings (as at 31 May 2010)

Holding (as at 31 May 2010) Type % of Portfolio
Vivendi Stock 1.61%
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FAQs about the ING Wholesale Global High Dividend

The objective of the ING Wholesale Global High Dividend managed fund is The aim of the Fund is to outperform (gross of fees and expenses) the benchmark over rolling 3 year periods unhedged, maintain an average portfolio dividend yield that exceeds that of the benchmark index by 150 basis points, and achieve lower absolute risk than the benchmark over the long-term. The benchmark is the MSCI World (Total Return) Index, with net dividends reinvested and calculated in Australian dollars.

The strategy of the ING Wholesale Global High Dividend managed fund is ING Investment Management's (INGIM) Global High Dividend (GHD) investment strategy seeks to create a portfolio of stocks which pay a relatively higher level of dividends and are supported by sound business fundamentals. In essence, the strategy focuses on stocks that provide stable income from solid business operations that exhibit strong capital discipline. As such, the strategy has shown lower downside risk and lower absolute risk compared to most global equity strategies since inception.

The APIR code of the ING Wholesale Global High Dividend managed fund is HML0012AU.

ING Wholesale Global High Dividend’s total return last month was 0.45%. This was made up of a growth return of 0.45% and an income return of 0%. These returns were calculated as at 31 Jan 2012.

ING Wholesale Global High Dividend’s total return for the last three months was 2.33%. This was made up of a growth return of 1.39% and an income return of 0.94%%. These returns were calculated as at 31 Jan 2012.

ING Wholesale Global High Dividend’s one-year total return is -5.84%. This was made up of a growth return of -9.16% and an income return of 3.32%. These returns were calculated as at 31 Jan 2012.

ING Wholesale Global High Dividend’s one-year total return is -2.04%. This was made up of a growth return of -5.81% and an income return of 3.77%. These returns were calculated as at 31 Jan 2012.

The asset allocation of the ING Wholesale Global High Dividend managed fund is :

Australian Equities
4.80%
International Equities
90.40%
Cash
4.80%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the ING Wholesale Global High Dividend managed fund is ING Investment Management Australia.

The ING Wholesale Global High Dividend managed fund belongs to the Equity World Large Value sector/asset class.

As at 31 Jan 2012, the size of the ING Wholesale Global High Dividend managed fund was $66.9 million.

The ING Wholesale Global High Dividend managed fund has an inception date of 5 Sep 2005.

The current entry price of the ING Wholesale Global High Dividend managed fund is $0.5893 per unit and the current exit price is $0.5869 per unit (as at 8 Feb 2012).

The current exit price of the ING Wholesale Global High Dividend managed fund is $0.5869 per unit and the current entry price is $0.5893 per unit (as at 8 Feb 2012).

The minimum initial investment amount for the ING Wholesale Global High Dividend 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.