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IOOF MIM High Growth Fund - Managed Fund (Closed)

Fund Objective
The primary objective is to achieve a return of at least 5% above the rate of inflation as measured by the CPI over rolling 5 year periods. 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 high growth funds as reported in the Intech survey) over rolling 3 year periods.
Fund Strategy
Invests in predominantly growth assets, both in Australia and international markets, combined with some defensive assets.

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 -1.29% -10.72% -11.78% -6.2% 2% 8.91% 12.23% -%
Growth return -1.29% -10.72% -13.59% -15.68% -7.43% -0.44% 4.44% -%
Income return 0% 0% 1.81% 9.48% 9.43% 9.35% 7.79% -%
Market index (Morningstar AUS Agg Tgt Alloc NR AUD)
Total return 0.97% 5.51% 13.03% 13.77% 17.74% 16.6% 12.23% 10.25%
As at 31 Mar 2008. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

IOOF MIM High Growth Fund
Australian Equities
33.18%
International Equities
44.79%
Cash
3.72%
Property & Infrastructure
0.53%
Fixed Interest
12.36%
Alternatives
5.42%
Average Allocation of Peers
Australian Equities
34.05%
International Equities
49.68%
Cash
2.42%
Property & Infrastructure
4.88%
Fixed Interest
5.38%
Alternatives
3.60%

General Information

Fund Details
Type Description
IOOF MIM High Growth Fund
Closed
IOOF Investment Management Limited
AMG0122AU
Multisector Aggressive
starstarstarstar (as at 29 Feb 2008)
Investment Fund
1 Dec 1998
$27.45 million (as at 31 Mar 2008)
$0.9262 (as at 28 Apr 2008)
$0.9186 (as at 28 Apr 2008)
Finalised
Offer information
Type Description
MER 0.71% (as at 30 Jun 2006)
Indirect Cost Ratio (ICR) 0.71% (as at 30 Jun 2007)
Minimum initial investment

FAQs about the IOOF MIM High Growth Fund

The objective of the IOOF MIM High Growth Fund managed fund is The primary objective is to achieve a return of at least 5% above the rate of inflation as measured by the CPI over rolling 5 year periods. 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 high growth funds as reported in the Intech survey) over rolling 3 year periods.

The strategy of the IOOF MIM High Growth Fund managed fund is Invests in predominantly growth assets, both in Australia and international markets, combined with some defensive assets.

The APIR code of the IOOF MIM High Growth Fund managed fund is AMG0122AU.

IOOF MIM High Growth Fund’s total return last month was -1.29%. This was made up of a growth return of -1.29% and an income return of 0%. These returns were calculated as at 31 Mar 2008.

IOOF MIM High Growth Fund’s total return for the last three months was -10.72%. This was made up of a growth return of -10.72% and an income return of 0%%. These returns were calculated as at 31 Mar 2008.

IOOF MIM High Growth Fund’s one-year total return is -6.2%. This was made up of a growth return of -15.68% and an income return of 9.48%. These returns were calculated as at 31 Mar 2008.

IOOF MIM High Growth Fund’s one-year total return is 8.91%. This was made up of a growth return of -0.44% and an income return of 9.35%. These returns were calculated as at 31 Mar 2008.

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

Australian Equities
33.18%
International Equities
44.79%
Cash
3.72%
Property & Infrastructure
0.53%
Fixed Interest
12.36%
Alternatives
5.42%

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

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

As at 31 Mar 2008, the size of the IOOF MIM High Growth Fund managed fund was $27.45 million.

The IOOF MIM High Growth Fund managed fund has an inception date of 1 Dec 1998.

The current entry price of the IOOF MIM High Growth Fund managed fund is $0.9262 per unit and the current exit price is $0.9186 per unit (as at 28 Apr 2008).

The current exit price of the IOOF MIM High Growth Fund managed fund is $0.9186 per unit and the current entry price is $0.9262 per unit (as at 28 Apr 2008).

The minimum initial investment amount for the IOOF MIM High Growth Fund managed fund is $0.

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.