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  5. Mirvac Property Growth Trust - Managed fund profile

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

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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.
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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 1.82% 13.72% 5.96% 13.97% 19.19% 15.37% 12.42% 8.32%
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
81.94%
Australian Equities
15.23%
International Equities
0.63%
Cash
1.92%
Fixed Interest
0.23%
Alternatives
0.05%

General Information

Fund Details
Type Description
Mirvac Property Growth Trust
Closed
Mirvac Funds Limited
BAR0102AU
Unlisted and Direct Property
Not Rated
Investment Fund
15 Jun 1984
$11.5 million (as at 31 Dec 1997)
n/a
$0.4467 (as at 31 Dec 1997)
Finalised
Offer information
Type Description
MER 1.90% (as at 30 Jun 1996)
Minimum initial investment

FAQs about the Mirvac Property Growth Trust

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

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.

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

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.

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.

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.

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.

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%

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

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

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

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

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).

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).

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.