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  5. Mirvac - Residential Investment Fund - Managed fund profile

Mirvac - Residential Investment Fund - Managed Fund (Closed)

Fund Objective
A residential property trust aiming to provide investors with a reliable rental income stream and the potential for capital appreciation in the medium to long term whilst maintaining sufficient liquidity for investor needs.
Fund Strategy
Invest in quality Sydney metropolitan residential real estate forlonger term growth and income. An investment mix of approximately 50 - 65% in quality Sydney metropolitan residentialreal estate, 15 - 20% in fixed interest securities and liquids and 20 - 30% in listed property trusts will be aimed for. There is an option of purchasing residential real estate in otherAustralian cities should suitable opportunities arise.

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 1.38% 1.91% -5.47% -0.02% 1.48% 2.43% 3.7% -%
Growth return -0.15% 0.36% -6.91% -7.17% -3.79% -2.29% -0.82% -%
Income return 1.53% 1.55% 1.44% 7.15% 5.27% 4.72% 4.52% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.3% 0.94% 1.97% 4.22% 4.27% 3.91% 2.4% 2.03%
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
Alternatives
24.85%
Australian Equities
4.36%
International Equities
7.35%
Cash
43.97%
Property & Infrastructure
1.91%
Fixed Interest
17.56%

General Information

Fund Details
Type Description
Mirvac - Residential Investment Fund
Closed
Mirvac Funds Limited
BAR0111AU
Miscellaneous
Not Rated
Investment Fund
12 Sep 1991
$14.8 million (as at 31 Dec 1997)
n/a
$0.9802 (as at 14 Jan 1998)
Finalised
Offer information
Type Description
MER 1.80% (as at 30 Jun 1996)
Minimum initial investment $1,000.00

FAQs about the Mirvac - Residential Investment Fund

The objective of the Mirvac - Residential Investment Fund managed fund is A residential property trust aiming to provide investors with a reliable rental income stream and the potential for capital appreciation in the medium to long term whilst maintaining sufficient liquidity for investor needs.

The strategy of the Mirvac - Residential Investment Fund managed fund is Invest in quality Sydney metropolitan residential real estate forlonger term growth and income. An investment mix of approximately 50 - 65% in quality Sydney metropolitan residentialreal estate, 15 - 20% in fixed interest securities and liquids and 20 - 30% in listed property trusts will be aimed for. There is an option of purchasing residential real estate in otherAustralian cities should suitable opportunities arise.

The APIR code of the Mirvac - Residential Investment Fund managed fund is BAR0111AU.

Mirvac - Residential Investment Fund’s total return last month was 1.38%. This was made up of a growth return of -0.15% and an income return of 1.53%. These returns were calculated as at 31 Dec 1997.

Mirvac - Residential Investment Fund’s total return for the last three months was 1.91%. This was made up of a growth return of 0.36% and an income return of 1.55%%. These returns were calculated as at 31 Dec 1997.

Mirvac - Residential Investment Fund’s one-year total return is -0.02%. This was made up of a growth return of -7.17% and an income return of 7.15%. These returns were calculated as at 31 Dec 1997.

Mirvac - Residential Investment Fund’s one-year total return is 2.43%. This was made up of a growth return of -2.29% and an income return of 4.72%. These returns were calculated as at 31 Dec 1997.

The asset allocation of the Mirvac - Residential Investment Fund managed fund is :

Alternatives
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Fixed Interest
0%

The Responsible Entity for the Mirvac - Residential Investment Fund managed fund is Mirvac Funds Limited.

The Mirvac - Residential Investment Fund managed fund belongs to the Miscellaneous sector/asset class.

As at 31 Dec 1997, the size of the Mirvac - Residential Investment Fund managed fund was $14.8 million.

The Mirvac - Residential Investment Fund managed fund has an inception date of 12 Sep 1991.

The current entry price of the Mirvac - Residential Investment Fund managed fund is $ per unit and the current exit price is $0.9802 per unit (as at 14 Jan 1998).

The current exit price of the Mirvac - Residential Investment Fund managed fund is $0.9802 per unit and the current entry price is $ per unit (as at 14 Jan 1998).

The minimum initial investment amount for the Mirvac - Residential Investment Fund managed fund is $1,000.

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.