InvestSMART

Millinium's S&P 500 Fund - Managed Fund (Closed)

Fund Objective
To outperform the S&P 500 Accumulation Index in US dollar terms over a rolling 5-year period. The Fund will use quantitative techniques to hold long or short positions in listed securities in the S&P 500 Index, and in derivatives based on these securities and the S&P 500. All positions held by the Fund will be acquired or sold in US dollars.
Fund Strategy
The portfolio is half allocated to the benchmark S&P 500 Index long or short, and the other half divided equally between up to 50 stocks, although the number of stocks included may be less than 50. A position in each stock may be long or short. Derivatives may be used to take a short position on the Index, however the portfolio manager is not permitted to leverage the portfolio.

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}
Peers
Benchmark ({{ fund.benchmark.name }})
{{ fund.model.name }}
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.
grow your money
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns.
Free Fees Report
investing
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers.
Free investor guide
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns. Free Fees Report
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers. Free investor guide

Fees Comparison

{{ fund.mer | number:2 }}
% p.a.
{{ fund.name }}
{{ modelPortfolio.mer * 100 | number:2 }}
% p.a.
{{ modelPortfolio.name }}
{{ fund.benchmark.peers.mer * 100 | number:2 }}
% p.a.
Average of peers ({{ fund.benchmark.peers.peerCount }})
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.
Upsell Banner

Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return -1.75% -4.98% 0.29% 17.35% -% -% -% -%
Growth return -1.75% -4.98% 0.29% 17.35% -% -% -% -%
Income return 0% 0% 0% 0% -% -% -% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.3% 0.91% 1.91% 4.09% 4.22% 4% 2.52% 2.06%
As at 31 Oct 2015. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Millinium's S&P 500 Fund
International Equities
32.41%
Cash
67.59%
Australian Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
International Equities
6.74%
Cash
44.79%
Australian Equities
3.95%
Property & Infrastructure
1.44%
Fixed Interest
20.69%
Alternatives
22.40%

General Information

Fund Details
Type Description
Millinium's S&P 500 Fund
Closed
Millinium Capital Managers Limited
EXP0014AU
Alternative - Other
Not Rated
Investment Fund
20 Aug 2014
$0.93 million (as at 31 Oct 2015)
$1.3422 (as at 30 Oct 2015)
$1.3394 (as at 30 Oct 2015)
Suppressed
Offer information
Type Description
Minimum initial investment $500,000
Minimum additional investments

Top 10 holdings (as at 31 Oct 2015)

Holding (as at 31 Oct 2015) Type % of Portfolio
Vanguard 500 ETF Mutual Fund - ETF 53.11%
Login now to view the complete list of holdings.

FAQs about the Millinium's S&P 500 Fund

The objective of the Millinium's S&P 500 Fund managed fund is To outperform the S&P 500 Accumulation Index in US dollar terms over a rolling 5-year period. The Fund will use quantitative techniques to hold long or short positions in listed securities in the S&P 500 Index, and in derivatives based on these securities and the S&P 500. All positions held by the Fund will be acquired or sold in US dollars.

The strategy of the Millinium's S&P 500 Fund managed fund is The portfolio is half allocated to the benchmark S&P 500 Index long or short, and the other half divided equally between up to 50 stocks, although the number of stocks included may be less than 50. A position in each stock may be long or short. Derivatives may be used to take a short position on the Index, however the portfolio manager is not permitted to leverage the portfolio.

The APIR code of the Millinium's S&P 500 Fund managed fund is EXP0014AU.

Millinium's S&P 500 Fund’s total return last month was -1.75%. This was made up of a growth return of -1.75% and an income return of 0%. These returns were calculated as at 31 Oct 2015.

Millinium's S&P 500 Fund’s total return for the last three months was -4.98%. This was made up of a growth return of -4.98% and an income return of 0%%. These returns were calculated as at 31 Oct 2015.

Millinium's S&P 500 Fund’s one-year total return is 17.35%. This was made up of a growth return of 17.35% and an income return of 0%. These returns were calculated as at 31 Oct 2015.

Millinium's S&P 500 Fund’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Oct 2015.

The asset allocation of the Millinium's S&P 500 Fund managed fund is :

International Equities
32.41%
Cash
67.59%
Australian Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Millinium's S&P 500 Fund managed fund is Millinium Capital Managers Limited.

The Millinium's S&P 500 Fund managed fund belongs to the Alternative - Other sector/asset class.

As at 31 Oct 2015, the size of the Millinium's S&P 500 Fund managed fund was $0.93 million.

The Millinium's S&P 500 Fund managed fund has an inception date of 20 Aug 2014.

The current entry price of the Millinium's S&P 500 Fund managed fund is $1.3422 per unit and the current exit price is $1.3394 per unit (as at 30 Oct 2015).

The current exit price of the Millinium's S&P 500 Fund managed fund is $1.3394 per unit and the current entry price is $1.3422 per unit (as at 30 Oct 2015).

The minimum initial investment amount for the Millinium's S&P 500 Fund managed fund is $500,000. Minimum additional investment is $0.

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.