Mirvac Property Growth Trust - Managed Fund (Closed)

Fund Objective

A unitholders meeting was held 26 June 1995 with all five resolutions considered and being passed by unitholders. The resolutions passed enabled the Trust to be extended. This allowedcompleting the redevelopment of ICI House and the sale of 40 Miller St Sydney. The resolutions passed also offered unitholdersa one off redemption facility between the 28 June 1995 to 17 July1995 which were prorated at 58.39% of the redemption request

Fund Strategy

Utilising Mirvac Ltd's expertise in the selection of properties, project development, and renovation to the advantage of unitholders. It is the manager's belief that the ICI House property has outstanding development potential in the medium termand that unitholders should be given the opportunity to enjoy anybenefits that may arise from any development or future disposal of these properties.

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.

Fees Comparison

% 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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0%	-0.62%	-0.62%	-62.21%	-38.89%	-28.32%	-19.06%	-8.59%
Growth return	0%	-0.62%	-0.62%	-63.03%	-39.55%	-28.85%	-19.76%	-9.85%
Income return	0%	0%	0%	0.82%	0.66%	0.53%	0.7%	1.26%
Market index (S&P/ASX 200 A-REIT TR)
Total return	2.97%	-0.73%	-4.96%	-2.15%	4.86%	10.92%	6.45%	5.92%

As at 31 Dec 1997. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.

Average Allocation of Peers

Property & Infrastructure: 93.05%

Australian Equities: 3.68%

International Equities: 0.13%

Cash: 1.85%

Fixed Interest: 0%

Alternatives: 1.29%

General Information

Fund Details

Type	Description
Fund Name	Mirvac Property Growth Trust
Fund Status	Closed
Responsible Entity	Mirvac Funds Limited
APIR Code	BAR0102AU
Sector/Asset Class	Unlisted and Direct Property
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	15 Jun 1984
Fund Size	$11.5 million (as at 31 Dec 1997)
Entry Price	n/a
Exit Price	$0.4467 (as at 31 Dec 1997)
Fund Status	Finalised

Offer information

Type	Description
MER	1.90% (as at 30 Jun 1996)
Minimum initial investment

Your guide to next steps

Dealing with a struggling fund? What to Do and Look For

Your managed fund switching checklist. Is fear of capital gains tax holding you back?

The Great Investment Fee Scam is hiding in plain sight. And it's ripping us all off.

Guide to tidying up your Portfolio Manager holdings

FAQs about the Mirvac Property Growth Trust

What is the objective of the Mirvac Property Growth Trust managed fund?

The objective of the Mirvac Property Growth Trust managed fund is A unitholders meeting was held 26 June 1995 with all five resolutions considered and being passed by unitholders. The resolutions passed enabled the Trust to be extended. This allowedcompleting the redevelopment of ICI House and the sale of 40 Miller St Sydney. The resolutions passed also offered unitholdersa one off redemption facility between the 28 June 1995 to 17 July1995 which were prorated at 58.39% of the redemption request

What is the strategy for the Mirvac Property Growth Trust managed fund?

The strategy of the Mirvac Property Growth Trust managed fund is Utilising Mirvac Ltd's expertise in the selection of properties, project development, and renovation to the advantage of unitholders. It is the manager's belief that the ICI House property has outstanding development potential in the medium termand that unitholders should be given the opportunity to enjoy anybenefits that may arise from any development or future disposal of these properties.

What is the APIR code of the Mirvac Property Growth Trust managed fund?

The APIR code of the Mirvac Property Growth Trust managed fund is BAR0102AU.

What was Mirvac Property Growth Trust’s total return last month?

Mirvac Property Growth Trust’s total return last month was 0%. This was made up of a growth return of 0% and an income return of 0%. These returns were calculated as at 31 Dec 1997.

What was Mirvac Property Growth Trust’s total return for the last three months?

Mirvac Property Growth Trust’s total return for the last three months was -0.62%. This was made up of a growth return of -0.62% and an income return of 0%%. These returns were calculated as at 31 Dec 1997.

What is Mirvac Property Growth Trust’s one-year total return?

Mirvac Property Growth Trust’s one-year total return is -62.21%. This was made up of a growth return of -63.03% and an income return of 0.82%. These returns were calculated as at 31 Dec 1997.

What is Mirvac Property Growth Trust’s three-year total return?

Mirvac Property Growth Trust’s one-year total return is -28.32%. This was made up of a growth return of -28.85% and an income return of 0.53%. These returns were calculated as at 31 Dec 1997.

What is the asset allocation of the Mirvac Property Growth Trust managed fund?

The asset allocation of the Mirvac Property Growth Trust managed fund is :

Property & Infrastructure: 100%

Australian Equities: 0%

International Equities: 0%

Cash: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Mirvac Property Growth Trust managed fund?

The Responsible Entity for the Mirvac Property Growth Trust managed fund is Mirvac Funds Limited.

What sector/asset class does the Mirvac Property Growth Trust managed fund belong to?

The Mirvac Property Growth Trust managed fund belongs to the Unlisted and Direct Property sector/asset class.

What is the size of the Mirvac Property Growth Trust managed fund?

As at 31 Dec 1997, the size of the Mirvac Property Growth Trust managed fund was $11.5 million.

What is the inception date of the Mirvac Property Growth Trust managed fund?

The Mirvac Property Growth Trust managed fund has an inception date of 15 Jun 1984.

What is the current entry price of the Mirvac Property Growth Trust managed fund?

The current entry price of the Mirvac Property Growth Trust managed fund is $ per unit and the current exit price is $0.4467 per unit (as at 31 Dec 1997).

What is the current exit price of the Mirvac Property Growth Trust managed fund?

The current exit price of the Mirvac Property Growth Trust managed fund is $0.4467 per unit and the current entry price is $ per unit (as at 31 Dec 1997).

What is the minimum investment amount for the Mirvac Property Growth Trust managed fund?

The minimum initial investment amount for the Mirvac Property Growth Trust managed fund 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.

What our members say about us