Ironbark Diversified Income - Managed Fund

Fund Objective

Provide investors with access to an actively managed portfolio of fixed interest strategies with an aim to deliver returns in excess of the Benchmark after fees over the short to medium term.

Fund Strategy

The Funds investment universe will consist of generally liquid fixed interest securities including high quality short-term call deposits and cash equivalent securities, government bonds, and high quality corporate and asset backed securities in Australia and overseas.

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.

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Fees Comparison

% p.a.

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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	0.1%	0.61%	1.49%	4.23%	5.6%	4.67%	-%	-%
Growth return	0.1%	-0.39%	-1.45%	-1.42%	-0.11%	-0.73%	-%	-%
Income return	0%	1%	2.94%	5.65%	5.71%	5.4%	-%	-%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return	0.33%	1.05%	3.11%	4.31%	4.73%	3.74%	-0.03%	2.14%

As at 31 Oct 2013. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.

Average Allocation of Peers

Alternatives: 0.25%

Australian Equities: 0.63%

International Equities: 0.02%

Cash: 6.57%

Property & Infrastructure: 0.02%

Fixed Interest: 92.51%

General Information

Fund Details

Type	Description
Fund Name	Ironbark Diversified Income
Responsible Entity	Ironbark Asset Management Pty Ltd
APIR Code	DAM0012AU
Sector/Asset Class	Unconstrained Fixed Income
Morningstar Rating	(as at 31 Oct 2013)
Legal Structure	Investment Fund
Fund Inception	9 Nov 2009
Fund Size	$24.3 million (as at 31 Oct 2013)
Entry Price	$0.9927 (as at 22 Nov 2013)
Exit Price	$0.9907 (as at 22 Nov 2013)
Fund Status	Open

Offer information

Type	Description
Indirect Cost Ratio (ICR)	0.78% (as at 30 Jun 2013)
Minimum initial investment	$25,000
Minimum additional investments	$1,000.00
Minimum redemption amount	$1,000.00

Top 10 holdings (as at 31 Oct 2013)

Holding (as at 31 Oct 2013)	Type	% of Portfolio
Bonds	Bond - Undefined	100%

FAQs about the Ironbark Diversified Income

What is the objective of the Ironbark Diversified Income managed fund?

The objective of the Ironbark Diversified Income managed fund is Provide investors with access to an actively managed portfolio of fixed interest strategies with an aim to deliver returns in excess of the Benchmark after fees over the short to medium term.

What is the strategy for the Ironbark Diversified Income managed fund?

The strategy of the Ironbark Diversified Income managed fund is The Funds investment universe will consist of generally liquid fixed interest securities including high quality short-term call deposits and cash equivalent securities, government bonds, and high quality corporate and asset backed securities in Australia and overseas.

What is the APIR code of the Ironbark Diversified Income managed fund?

The APIR code of the Ironbark Diversified Income managed fund is DAM0012AU.

What was Ironbark Diversified Income’s total return last month?

Ironbark Diversified Income’s total return last month was 0.1%. This was made up of a growth return of 0.1% and an income return of 0%. These returns were calculated as at 31 Oct 2013.

What was Ironbark Diversified Income’s total return for the last three months?

Ironbark Diversified Income’s total return for the last three months was 0.61%. This was made up of a growth return of -0.39% and an income return of 1%%. These returns were calculated as at 31 Oct 2013.

What is Ironbark Diversified Income’s one-year total return?

Ironbark Diversified Income’s one-year total return is 4.23%. This was made up of a growth return of -1.42% and an income return of 5.65%. These returns were calculated as at 31 Oct 2013.

What is Ironbark Diversified Income’s three-year total return?

Ironbark Diversified Income’s one-year total return is 4.67%. This was made up of a growth return of -0.73% and an income return of 5.4%. These returns were calculated as at 31 Oct 2013.

What is the asset allocation of the Ironbark Diversified Income managed fund?

The asset allocation of the Ironbark Diversified Income managed fund is :

Alternatives: 100%

Australian Equities: 0%

International Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Who is the responsible Entity of the Ironbark Diversified Income managed fund?

The Responsible Entity for the Ironbark Diversified Income managed fund is Ironbark Asset Management Pty Ltd.

What sector/asset class does the Ironbark Diversified Income managed fund belong to?

The Ironbark Diversified Income managed fund belongs to the Unconstrained Fixed Income sector/asset class.

What is the size of the Ironbark Diversified Income managed fund?

As at 31 Oct 2013, the size of the Ironbark Diversified Income managed fund was $24.3 million.

What is the inception date of the Ironbark Diversified Income managed fund?

The Ironbark Diversified Income managed fund has an inception date of 9 Nov 2009.

What is the current entry price of the Ironbark Diversified Income managed fund?

The current entry price of the Ironbark Diversified Income managed fund is $0.9927 per unit and the current exit price is $0.9907 per unit (as at 22 Nov 2013).

What is the current exit price of the Ironbark Diversified Income managed fund?

The current exit price of the Ironbark Diversified Income managed fund is $0.9907 per unit and the current entry price is $0.9927 per unit (as at 22 Nov 2013).

What is the minimum investment amount for the Ironbark Diversified Income managed fund?

The minimum initial investment amount for the Ironbark Diversified Income managed fund is $25,000. Minimum additional investment is $1000.

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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