InvestSMART

Ironbark Denning Pryce Australian Tailrd Income - Managed Fund (Closed)

Fund Objective
The Fund aims to provide consistent total returns with less volatility than the Australian share market over 5 to 7 year periods. In addition, the Fund aims to pay distributions within a target range of 4% to 6% (plus franking) p.a.
Fund Strategy
The Fund invests in a portfolio of leading Australian shares, and their listed options and futures. Denning Pryce makes active decisions, seeking opportunities for income, positive returns and portfolio protection. Denning Pryce applies a variety of share and option strategies tailored to market conditions. This activity serves to reduce and control equity risk and to lower the volatility of the portfolio.

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 2.65% 5.84% 13.57% 8.48% 6.61% 7.08% 3.91% 7.08%
Growth return 1.26% 4.41% 10.89% 3.81% 2.23% 2.58% -1.23% 0.41%
Income return 1.39% 1.43% 2.68% 4.67% 4.38% 4.5% 5.14% 6.67%
Market index (S&P/ASX 200 TR AUD)
Total return 0.39% 2.7% 11.09% 12.46% 18.51% 13.08% 12.64% 9.68%
As at 30 Jun 2019. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Ironbark Denning Pryce Australian Tailrd Income
Australian Equities
84.84%
Cash
15.16%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
94.99%
Cash
-0.56%
International Equities
4.72%
Property & Infrastructure
1.39%
Fixed Interest
-0.49%
Alternatives
-0.06%

General Information

Fund Details
Type Description
Ironbark Denning Pryce Australian Tailrd Income (Wholesale)
Closed
Ironbark Asset Mgmt (Fund Services) Ltd
DPR0001AU
Equity Australia Derivative Income
starstarstar (as at 30 Jun 2019)
Investment Fund
1 May 2006
$18.25 million (as at 31 Jul 2019)
$0.7743 (as at 25 Jul 2019)
$0.7719 (as at 25 Jul 2019)
Finalised
Offer information
Type Description
MER 1.28% (as at 30 Jun 2007)
Indirect Cost Ratio (ICR) 1.13% (as at 30 Jun 2018)
Minimum initial investment $200,000
Minimum additional investments $100,000
Minimum redemption amount

Top 10 holdings (as at 30 Apr 2019)

Holding (as at 30 Apr 2019) Type % of Portfolio
BHP Group Ltd DR Equity 8.83%
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FAQs about the Ironbark Denning Pryce Australian Tailrd Income

The objective of the Ironbark Denning Pryce Australian Tailrd Income managed fund is The Fund aims to provide consistent total returns with less volatility than the Australian share market over 5 to 7 year periods. In addition, the Fund aims to pay distributions within a target range of 4% to 6% (plus franking) p.a.

The strategy of the Ironbark Denning Pryce Australian Tailrd Income managed fund is The Fund invests in a portfolio of leading Australian shares, and their listed options and futures. Denning Pryce makes active decisions, seeking opportunities for income, positive returns and portfolio protection. Denning Pryce applies a variety of share and option strategies tailored to market conditions. This activity serves to reduce and control equity risk and to lower the volatility of the portfolio.

The APIR code of the Ironbark Denning Pryce Australian Tailrd Income managed fund is DPR0001AU.

Ironbark Denning Pryce Australian Tailrd Income’s total return last month was 2.65%. This was made up of a growth return of 1.26% and an income return of 1.39%. These returns were calculated as at 30 Jun 2019.

Ironbark Denning Pryce Australian Tailrd Income’s total return for the last three months was 5.84%. This was made up of a growth return of 4.41% and an income return of 1.43%%. These returns were calculated as at 30 Jun 2019.

Ironbark Denning Pryce Australian Tailrd Income’s one-year total return is 8.48%. This was made up of a growth return of 3.81% and an income return of 4.67%. These returns were calculated as at 30 Jun 2019.

Ironbark Denning Pryce Australian Tailrd Income’s one-year total return is 7.08%. This was made up of a growth return of 2.58% and an income return of 4.5%. These returns were calculated as at 30 Jun 2019.

The asset allocation of the Ironbark Denning Pryce Australian Tailrd Income managed fund is :

Australian Equities
84.84%
Cash
15.16%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Ironbark Denning Pryce Australian Tailrd Income managed fund is Ironbark Asset Mgmt (Fund Services) Ltd.

The Ironbark Denning Pryce Australian Tailrd Income managed fund belongs to the Equity Australia Derivative Income sector/asset class.

As at 31 Jul 2019, the size of the Ironbark Denning Pryce Australian Tailrd Income managed fund was $18.25 million.

The Ironbark Denning Pryce Australian Tailrd Income managed fund has an inception date of 1 May 2006.

The current entry price of the Ironbark Denning Pryce Australian Tailrd Income managed fund is $0.7743 per unit and the current exit price is $0.7719 per unit (as at 25 Jul 2019).

The current exit price of the Ironbark Denning Pryce Australian Tailrd Income managed fund is $0.7719 per unit and the current entry price is $0.7743 per unit (as at 25 Jul 2019).

The minimum initial investment amount for the Ironbark Denning Pryce Australian Tailrd Income managed fund is $200,000. Minimum additional investment is $100000.

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.