Merrill Lynch AP - Cash Cl A - Managed Fund (Closed)

Fund Objective

To provide a competitive investment return from cash-type investments over the short-term (at least 12 months). Aims to outperform the UBS WA Bank Bill Index before fees.

Fund Strategy

Invests in a range of Australian money-market securities with a maturity of not more than 12 months. The portfolio normally invests in the ML Money Market Fund. Benchmark: cash 100%.

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	0.38%	1.17%	2.36%	4.67%	4.78%	4.46%	4.33%	-%
Growth return	0.38%	1.17%	2.36%	4.67%	4.78%	4.46%	4.33%	-%
Income return	0%	0%	0%	0%	0%	0%	0%	-%
Market index (RBA Bank accepted Bills 90 Days)
Total return	0.35%	0.96%	1.88%	3.76%	4.06%	4.11%	2.96%	2.14%

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

Asset Allocation

Merrill Lynch AP - Cash Cl A

Cash: 100%

Australian Equities: 0%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Cash: 55.72%

Australian Equities: 4.87%

International Equities: 2.99%

Property & Infrastructure: 1.97%

Fixed Interest: 15.71%

Alternatives: 18.74%

General Information

Fund Details

Type	Description
Fund Name	Merrill Lynch AP - Cash Cl A
Fund Status	Closed
Responsible Entity	Merrill Lynch Investment Managers, L.P
APIR Code	MAL0109AU
Sector/Asset Class	Australian Cash
Morningstar Rating	Not Rated
Legal Structure	Allocated Pension
Fund Inception	21 Sep 1999
Fund Size	$1.03 million (as at 31 Oct 2005)
Entry Price	$1.3139 (as at 29 Nov 2005)
Exit Price	$1.3139 (as at 29 Nov 2005)
Fund Status	Finalised

Offer information

Type	Description
MER	1.05% (as at 30 Jun 2005)
Minimum initial investment	$20,000

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FAQs about the Merrill Lynch AP - Cash Cl A

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

The objective of the Merrill Lynch AP - Cash Cl A managed fund is To provide a competitive investment return from cash-type investments over the short-term (at least 12 months). Aims to outperform the UBS WA Bank Bill Index before fees.

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

The strategy of the Merrill Lynch AP - Cash Cl A managed fund is Invests in a range of Australian money-market securities with a maturity of not more than 12 months. The portfolio normally invests in the ML Money Market Fund. Benchmark: cash 100%.

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

The APIR code of the Merrill Lynch AP - Cash Cl A managed fund is MAL0109AU.

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

Merrill Lynch AP - Cash Cl A’s total return last month was 0.38%. This was made up of a growth return of 0.38% and an income return of 0%. These returns were calculated as at 31 Oct 2005.

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

Merrill Lynch AP - Cash Cl A’s total return for the last three months was 1.17%. This was made up of a growth return of 1.17% and an income return of 0%%. These returns were calculated as at 31 Oct 2005.

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

Merrill Lynch AP - Cash Cl A’s one-year total return is 4.67%. This was made up of a growth return of 4.67% and an income return of 0%. These returns were calculated as at 31 Oct 2005.

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

Merrill Lynch AP - Cash Cl A’s one-year total return is 4.46%. This was made up of a growth return of 4.46% 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 - Cash Cl A managed fund?

The asset allocation of the Merrill Lynch AP - Cash 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 - Cash Cl A managed fund?

The Responsible Entity for the Merrill Lynch AP - Cash Cl A managed fund is Merrill Lynch Investment Managers, L.P.

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

The Merrill Lynch AP - Cash Cl A managed fund belongs to the Australian Cash sector/asset class.

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

As at 31 Oct 2005, the size of the Merrill Lynch AP - Cash Cl A managed fund was $1.03 million.

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

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

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

The current entry price of the Merrill Lynch AP - Cash Cl A managed fund is $1.3139 per unit and the current exit price is $1.3139 per unit (as at 29 Nov 2005).

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

The current exit price of the Merrill Lynch AP - Cash Cl A managed fund is $1.3139 per unit and the current entry price is $1.3139 per unit (as at 29 Nov 2005).

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

The minimum initial investment amount for the Merrill Lynch AP - Cash 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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