IOOF WIS MIR Absolute Return - Managed Fund (Closed)

Fund Objective

To achieve absolute returns (as opposed to relative returns) and to take advantage of both rising and falling markets by identifying both undervalued securities listed on the Australian Stock Exchange.

Fund Strategy

By constructing a portfolio which consists of long position in equities which are considered undervalued, and short positions in stock determined to be overvalued, the Fund will seek to generate absolute returns. The Fund may invest directly in securities or indirectly through managed investment schemes managed by MIR.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	-4.3%	-7.86%	-23.5%	-37.77%	-21.46%	-10.47%	-%	-%
Growth return	-4.3%	-7.86%	-23.5%	-39.09%	-28.09%	-17.38%	-%	-%
Income return	0%	0%	0%	1.32%	6.63%	6.91%	-%	-%
Market index (S&P/ASX 200 TR AUD)
Total return	-7.15%	-1.61%	-2.61%	11.67%	7.17%	9.54%	8.63%	9.44%

As at 31 May 2009. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.

Average Allocation of Peers

Australian Equities: 96.08%

International Equities: 4.01%

Cash: -1%

Property & Infrastructure: 1.26%

Fixed Interest: -0.33%

Alternatives: -0.02%

General Information

Fund Details

Type	Description
Fund Name	IOOF WIS MIR Absolute Return (Wholesale)
Fund Status	Closed
Responsible Entity	IOOF Global One Limited
APIR Code	ASK0759AU
Sector/Asset Class	Equity Australia Large Blend
Morningstar Rating	(as at 31 May 2009)
Legal Structure	Investment Fund
Fund Inception	31 Oct 2005
Fund Size	$2.86 million (as at 31 May 2009)
Entry Price	$66.5143 (as at 15 Jun 2009)
Exit Price	$66.5143 (as at 15 Jun 2009)
Fund Status	Finalised

Offer information

Type	Description
Indirect Cost Ratio (ICR)	2.21% (as at 30 Jun 2008)
Minimum initial investment	$100,000

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FAQs about the IOOF WIS MIR Absolute Return

What is the objective of the IOOF WIS MIR Absolute Return managed fund?

The objective of the IOOF WIS MIR Absolute Return managed fund is To achieve absolute returns (as opposed to relative returns) and to take advantage of both rising and falling markets by identifying both undervalued securities listed on the Australian Stock Exchange.

What is the strategy for the IOOF WIS MIR Absolute Return managed fund?

The strategy of the IOOF WIS MIR Absolute Return managed fund is By constructing a portfolio which consists of long position in equities which are considered undervalued, and short positions in stock determined to be overvalued, the Fund will seek to generate absolute returns. The Fund may invest directly in securities or indirectly through managed investment schemes managed by MIR.

What is the APIR code of the IOOF WIS MIR Absolute Return managed fund?

The APIR code of the IOOF WIS MIR Absolute Return managed fund is ASK0759AU.

What was IOOF WIS MIR Absolute Return’s total return last month?

IOOF WIS MIR Absolute Return’s total return last month was -4.3%. This was made up of a growth return of -4.3% and an income return of 0%. These returns were calculated as at 31 May 2009.

What was IOOF WIS MIR Absolute Return’s total return for the last three months?

IOOF WIS MIR Absolute Return’s total return for the last three months was -7.86%. This was made up of a growth return of -7.86% and an income return of 0%%. These returns were calculated as at 31 May 2009.

What is IOOF WIS MIR Absolute Return’s one-year total return?

IOOF WIS MIR Absolute Return’s one-year total return is -37.77%. This was made up of a growth return of -39.09% and an income return of 1.32%. These returns were calculated as at 31 May 2009.

What is IOOF WIS MIR Absolute Return’s three-year total return?

IOOF WIS MIR Absolute Return’s one-year total return is -10.47%. This was made up of a growth return of -17.38% and an income return of 6.91%. These returns were calculated as at 31 May 2009.

What is the asset allocation of the IOOF WIS MIR Absolute Return managed fund?

The asset allocation of the IOOF WIS MIR Absolute Return managed fund is :

Australian Equities: 100%

International Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the IOOF WIS MIR Absolute Return managed fund?

The Responsible Entity for the IOOF WIS MIR Absolute Return managed fund is IOOF Global One Limited.

What sector/asset class does the IOOF WIS MIR Absolute Return managed fund belong to?

The IOOF WIS MIR Absolute Return managed fund belongs to the Equity Australia Large Blend sector/asset class.

What is the size of the IOOF WIS MIR Absolute Return managed fund?

As at 31 May 2009, the size of the IOOF WIS MIR Absolute Return managed fund was $2.86 million.

What is the inception date of the IOOF WIS MIR Absolute Return managed fund?

The IOOF WIS MIR Absolute Return managed fund has an inception date of 31 Oct 2005.

What is the current entry price of the IOOF WIS MIR Absolute Return managed fund?

The current entry price of the IOOF WIS MIR Absolute Return managed fund is $66.5143 per unit and the current exit price is $66.5143 per unit (as at 15 Jun 2009).

What is the current exit price of the IOOF WIS MIR Absolute Return managed fund?

The current exit price of the IOOF WIS MIR Absolute Return managed fund is $66.5143 per unit and the current entry price is $66.5143 per unit (as at 15 Jun 2009).

What is the minimum investment amount for the IOOF WIS MIR Absolute Return managed fund?

The minimum initial investment amount for the IOOF WIS MIR Absolute Return managed fund is $100,000.

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.

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