Merrill Lynch AP - Australian Shares Cl A - Managed Fund (Closed)

Fund Objective

The Fund aims to: ? achieve capital growth over the long-term through investment in Australian shares and other securities, and ? provide investors with some tax-effective income through the distribution of franking credits. Overall, the Fund aims to achieve this goal by outperforming the S&P/ASX 300 Accumulation Index (the 'Benchmark') over rolling 5-year periods.

Fund Strategy

The Fund aims to outperform the Benchmark by gaining exposure to long and short positions across the Australian equity market. The Fund gains exposure to a long/short investment strategy through an investment in the BlackRock Equitised Long Short Fund (the 'BELSH'), which in turn invests in the BlackRock Australian Equity Market Neutral Fund (the 'Long/Short Portfolio').

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	-5.23%	3.61%	18.29%	27.91%	22.57%	18.6%	8.9%	-%
Growth return	-5.23%	3.61%	18.29%	27.91%	22.57%	18.6%	8.9%	-%
Income return	0%	0%	0%	0%	0%	0%	0%	-%
Market index (S&P/ASX 200 TR AUD)
Total return	1.78%	0.36%	3.06%	7.37%	11.2%	9.81%	10.21%	10.12%

As at 31 Oct 2005. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Merrill Lynch AP - Australian Shares Cl A

Cash: 100%

Australian Equities: 0%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Cash: -1.04%

Australian Equities: 95.82%

International Equities: 4.26%

Property & Infrastructure: 1.31%

Fixed Interest: -0.33%

Alternatives: -0.02%

General Information

Fund Details

Type	Description
Fund Name	Merrill Lynch AP - Australian Shares Cl A
Fund Status	Closed
Responsible Entity	BlackRock Investment Mgmt (AUS) Ltd
APIR Code	MAL0108AU
Sector/Asset Class	Equity Australia Large Blend
Morningstar Rating	Not Rated
Legal Structure	Allocated Pension
Fund Inception	21 Sep 1999
Fund Size	n/a
Entry Price	$1.9408 (as at 29 Nov 2005)
Exit Price	$1.8529 (as at 29 Nov 2005)
Fund Status	Finalised

Offer information

Type	Description
MER	1.80% (as at 30 Jun 2005)
Indirect Cost Ratio (ICR)	0.55% (as at 30 Jun 2008)
Minimum initial investment	$20,000

Top 10 holdings (as at 31 Dec 2025)

Holding (as at 31 Dec 2025)	Type	% of Portfolio
Blk High Conv Au Eq Fund - X Class	Mutual Fund - Open End	99.94%
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FAQs about the Merrill Lynch AP - Australian Shares Cl A

What is the objective of the Merrill Lynch AP - Australian Shares Cl A managed fund?

The objective of the Merrill Lynch AP - Australian Shares Cl A managed fund is The Fund aims to: ? achieve capital growth over the long-term through investment in Australian shares and other securities, and ? provide investors with some tax-effective income through the distribution of franking credits. Overall, the Fund aims to achieve this goal by outperforming the S&P/ASX 300 Accumulation Index (the 'Benchmark') over rolling 5-year periods.

What is the strategy for the Merrill Lynch AP - Australian Shares Cl A managed fund?

The strategy of the Merrill Lynch AP - Australian Shares Cl A managed fund is The Fund aims to outperform the Benchmark by gaining exposure to long and short positions across the Australian equity market. The Fund gains exposure to a long/short investment strategy through an investment in the BlackRock Equitised Long Short Fund (the 'BELSH'), which in turn invests in the BlackRock Australian Equity Market Neutral Fund (the 'Long/Short Portfolio').

What is the APIR code of the Merrill Lynch AP - Australian Shares Cl A managed fund?

The APIR code of the Merrill Lynch AP - Australian Shares Cl A managed fund is MAL0108AU.

What was Merrill Lynch AP - Australian Shares Cl A’s total return last month?

Merrill Lynch AP - Australian Shares Cl A’s total return last month was -5.23%. This was made up of a growth return of -5.23% and an income return of 0%. These returns were calculated as at 31 Oct 2005.

What was Merrill Lynch AP - Australian Shares Cl A’s total return for the last three months?

Merrill Lynch AP - Australian Shares Cl A’s total return for the last three months was 3.61%. This was made up of a growth return of 3.61% and an income return of 0%%. These returns were calculated as at 31 Oct 2005.

What is Merrill Lynch AP - Australian Shares Cl A’s one-year total return?

Merrill Lynch AP - Australian Shares Cl A’s one-year total return is 27.91%. This was made up of a growth return of 27.91% and an income return of 0%. These returns were calculated as at 31 Oct 2005.

What is Merrill Lynch AP - Australian Shares Cl A’s three-year total return?

Merrill Lynch AP - Australian Shares Cl A’s one-year total return is 18.6%. This was made up of a growth return of 18.6% and an income return of 0%. These returns were calculated as at 31 Oct 2005.

What is the asset allocation of the Merrill Lynch AP - Australian Shares Cl A managed fund?

The asset allocation of the Merrill Lynch AP - Australian Shares Cl A managed fund is :

Cash: 100%

Australian Equities: 0%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Merrill Lynch AP - Australian Shares Cl A managed fund?

The Responsible Entity for the Merrill Lynch AP - Australian Shares Cl A managed fund is BlackRock Investment Mgmt (AUS) Ltd.

What sector/asset class does the Merrill Lynch AP - Australian Shares Cl A managed fund belong to?

The Merrill Lynch AP - Australian Shares Cl A managed fund belongs to the Equity Australia Large Blend sector/asset class.

What is the size of the Merrill Lynch AP - Australian Shares Cl A managed fund?

As at 30 Jun 2009, the size of the Merrill Lynch AP - Australian Shares Cl A managed fund was $ million.

What is the inception date of the Merrill Lynch AP - Australian Shares Cl A managed fund?

The Merrill Lynch AP - Australian Shares Cl A managed fund has an inception date of 21 Sep 1999.

What is the current entry price of the Merrill Lynch AP - Australian Shares Cl A managed fund?

The current entry price of the Merrill Lynch AP - Australian Shares Cl A managed fund is $1.9408 per unit and the current exit price is $1.8529 per unit (as at 29 Nov 2005).

What is the current exit price of the Merrill Lynch AP - Australian Shares Cl A managed fund?

The current exit price of the Merrill Lynch AP - Australian Shares Cl A managed fund is $1.8529 per unit and the current entry price is $1.9408 per unit (as at 29 Nov 2005).

What is the minimum investment amount for the Merrill Lynch AP - Australian Shares Cl A managed fund?

The minimum initial investment amount for the Merrill Lynch AP - Australian Shares Cl A managed fund is $20,000.

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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