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Fund Performance Comparison

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This fund's fees are: {{ mer | percentage:2 }}

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers and {{ }}

Fee comparison

NOTE: Over the long term, higher fees lead to lower returns

{{ }} Average
Benchmark* Peers Fees InvestSMART's Fees
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* A benchmark is an arbitary calculation that does not have any fees. Hence why in the long term the majority of fund managers underperform their benchmark by the cost of their fees. InvestSMART provides low cost funds that track their benchmark.

Fund performance (31 Oct 2017)

NOTE : returns for periods greater than 1 year are annualised
  1 Month % 3 Month % 6 Month % 1 Year % p.a. 2 Year % p.a. 3 Year % p.a. 5 Year % p.a. 10 Year % p.a.
Total return -1.73 -1.68 10.48 11.23 14.06 17.52 9.33 -
Growth return -1.73 -1.68 10.48 11.23 -14.05 -3.52 -2.87 -
Income return 0 0 0 0 28.11 21.04 12.2 -

Market index (RBA Bank accepted Bills 90 Days)

Total return 0.16 0.5 0.93 1.79 1.79 1.93 2.2 3.26

Asset Allocation (31 Oct 2017)

Australian Equities 0%
International Equities 0.02%
Cash 99.98%
Property 0%
Fixed Interest 0%
Alternatives 0%
Asset Allocation

General Information

Macquarie Pure Alpha Fund
Macquarie Investment Management Aus Ltd.
Alternative Strategies
Not Rated
Investment Fund
27 Jan 2009
$45.01 million (as at 31 Oct 2017)
$1.2502 (as at 22 Nov 2017)
$1.2378 (as at 22 Nov 2017)

Objectives and Strategy

The Fund seeks to deliver returns (before fees) above the RBA Cash Rate (Benchmark) over the medium to long term.
The Fund is an absolute return fund which aims to generate positive returns in all market environments. The Fund is typically expected to be market neutral (net market exposure typically between -5% and 25%). 'Market neutral' effectively means the Fund is constructed in a way where returns are not dependent on the performance of the underlying share market.

Offer information

Indirect Cost Ratio (ICR) 2.80% (as at 30 Jun 2017)
Performance fee (not included in ICR) 1.69
Minimum initial investment $20,000
Minimum additional investments $500.00
Minimum redemption amount

DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

Data shown on this website is sourced by Morningstar
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