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  5. IOOF MIM Balanced Growth Fund - Managed fund profile

IOOF MIM Balanced Growth Fund - Managed Fund (Closed)

Fund Objective
The primary objective is to achieve a return of at least 4% pa above the rate of inflation. The secondary objective is to achieve a return pattern that compares favourably to the earnings and volatility of other funds with similar asset allocation profiles (all growth funds as reported in the Intech survey) over rolling 3 year periods.
Fund Strategy
Invests predominantly in growth assets such as Australian and international shares and property, with some exposure to defensive assets such as cash and bonds.

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 -1.32% -8.32% -8.86% -1.89% 5.27% 9.88% 12.53% -%
Growth return -1.32% -8.32% -10.75% -12.96% -5.77% -0.52% 3.9% -%
Income return 0% 0% 1.89% 11.07% 11.04% 10.4% 8.63% -%
Market index (Morningstar AUS Growth Tgt Alloc NR AUD)
Total return 2.5% 5.98% 13.05% 14.32% 6.19% 6.56% 7.27% 7.68%
As at 31 Mar 2008. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

IOOF MIM Balanced Growth Fund
Australian Equities
37.60%
International Equities
20.23%
Cash
8.62%
Property
5.48%
Fixed Interest
22.81%
Alternatives
5.27%
Average Allocation of Peers
Australian Equities
27.46%
International Equities
32.93%
Cash
6.94%
Property
6.78%
Fixed Interest
21.66%
Alternatives
4.24%

General Information

Fund Details
Type Description
IOOF MIM Balanced Growth Fund
Closed
IOOF Investment Management Limited
AMG0121AU
Multisector Growth
starstarstarstarstar (as at 29 Feb 2008)
Investment Fund
28 May 1997
$742.83 million (as at 31 Mar 2008)
$1.5122 (as at 28 Apr 2008)
$1.4998 (as at 28 Apr 2008)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 0.93% (as at 30 Jun 2007)
Minimum initial investment $100.00

FAQs about the IOOF MIM Balanced Growth Fund

The objective of the IOOF MIM Balanced Growth Fund managed fund is The primary objective is to achieve a return of at least 4% pa above the rate of inflation. The secondary objective is to achieve a return pattern that compares favourably to the earnings and volatility of other funds with similar asset allocation profiles (all growth funds as reported in the Intech survey) over rolling 3 year periods.

The strategy of the IOOF MIM Balanced Growth Fund managed fund is Invests predominantly in growth assets such as Australian and international shares and property, with some exposure to defensive assets such as cash and bonds.

The APIR code of the IOOF MIM Balanced Growth Fund managed fund is AMG0121AU.

IOOF MIM Balanced Growth Fund’s total return last month was -1.32%. This was made up of a growth return of -1.32% and an income return of 0%. These returns were calculated as at 31 Mar 2008.

IOOF MIM Balanced Growth Fund’s total return for the last three months was -8.32%. This was made up of a growth return of -8.32% and an income return of 0%%. These returns were calculated as at 31 Mar 2008.

IOOF MIM Balanced Growth Fund’s one-year total return is -1.89%. This was made up of a growth return of -12.96% and an income return of 11.07%. These returns were calculated as at 31 Mar 2008.

IOOF MIM Balanced Growth Fund’s one-year total return is 9.88%. This was made up of a growth return of -0.52% and an income return of 10.4%. These returns were calculated as at 31 Mar 2008.

The asset allocation of the IOOF MIM Balanced Growth Fund managed fund is :

Australian Equities
37.60%
International Equities
20.23%
Cash
8.62%
Property
5.48%
Fixed Interest
22.81%
Alternatives
5.27%

The Responsible Entity for the IOOF MIM Balanced Growth Fund managed fund is IOOF Investment Management Limited.

The IOOF MIM Balanced Growth Fund managed fund belongs to the Multisector Growth sector/asset class.

As at 31 Mar 2008, the size of the IOOF MIM Balanced Growth Fund managed fund was $742.83 million.

The IOOF MIM Balanced Growth Fund managed fund has an inception date of 28 May 1997.

The current entry price of the IOOF MIM Balanced Growth Fund managed fund is $1.5122 per unit and the current exit price is $1.4998 per unit (as at 28 Apr 2008).

The current exit price of the IOOF MIM Balanced Growth Fund managed fund is $1.4998 per unit and the current entry price is $1.5122 per unit (as at 28 Apr 2008).

The minimum initial investment amount for the IOOF MIM Balanced Growth Fund managed fund is $100.

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.