AXA Emerging Markets Fund - Managed Fund (Closed)

Fund Objective

The objective of the Fund is to provide unit holders with long-term capital growth and to outperform the Morgan Stanley Capital International (MSCI) Emerging Markets Index by 3% per annum over full market cycles (before fees).

Fund Strategy

The investment strategy for the Fund is an active, neutral equity portfolio that seeks to deliver significant premium with consistency by combining a high-conviction growth component that invests in companies that offer the best combination of superior earnings growth and valuation attractiveness, with a deep-value component that seeks to purchase stocks with the most promising long-term earnings for the best price.

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	0.27%	14.44%	12.85%	-13.03%	-%	-%	-%	-%
Growth return	0.27%	14.44%	12.85%	-13.03%	-%	-%	-%	-%
Income return	0%	0%	0%	0%	-%	-%	-%	-%
Market index (MSCI EM NR AUD)
Total return	-13.06%	-0.17%	3.91%	21.06%	17.05%	15.01%	6.49%	9.35%

As at 31 Mar 2012. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

AXA Emerging Markets Fund

International Equities: 99.57%

Cash: 0.06%

Alternatives: 0.37%

Australian Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Average Allocation of Peers

International Equities: 93.61%

Cash: 2.38%

Alternatives: 0%

Australian Equities: 3.92%

Property & Infrastructure: 0.08%

Fixed Interest: 0.01%

General Information

Fund Details

Type	Description
Fund Name	AXA Emerging Markets Fund
Fund Status	Closed
Responsible Entity	AMP-National Mutual Funds Management Ltd
APIR Code	NMF0022AU
Sector/Asset Class	Equity Emerging Markets
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	1 Jul 2010
Fund Size	$4.46 million (as at 31 Mar 2012)
Entry Price	$0.9318 (as at 12 Apr 2012)
Exit Price	$0.92253 (as at 12 Apr 2012)
Fund Status	Finalised

Offer information

Type	Description
Indirect Cost Ratio (ICR)	1.44% (as at 30 Jun 2011)
Minimum initial investment	$25,000
Minimum additional investments	$1,000.00

Top 10 holdings (as at 31 Jan 2012)

Holding (as at 31 Jan 2012)	Type	% of Portfolio
Samsung Electronics Co. Ltd.	Equity	5.32%
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FAQs about the AXA Emerging Markets Fund

What is the objective of the AXA Emerging Markets Fund managed fund?

The objective of the AXA Emerging Markets Fund managed fund is The objective of the Fund is to provide unit holders with long-term capital growth and to outperform the Morgan Stanley Capital International (MSCI) Emerging Markets Index by 3% per annum over full market cycles (before fees).

What is the strategy for the AXA Emerging Markets Fund managed fund?

The strategy of the AXA Emerging Markets Fund managed fund is The investment strategy for the Fund is an active, neutral equity portfolio that seeks to deliver significant premium with consistency by combining a high-conviction growth component that invests in companies that offer the best combination of superior earnings growth and valuation attractiveness, with a deep-value component that seeks to purchase stocks with the most promising long-term earnings for the best price.

What is the APIR code of the AXA Emerging Markets Fund managed fund?

The APIR code of the AXA Emerging Markets Fund managed fund is NMF0022AU.

What was AXA Emerging Markets Fund’s total return last month?

AXA Emerging Markets Fund’s total return last month was 0.27%. This was made up of a growth return of 0.27% and an income return of 0%. These returns were calculated as at 31 Mar 2012.

What was AXA Emerging Markets Fund’s total return for the last three months?

AXA Emerging Markets Fund’s total return for the last three months was 14.44%. This was made up of a growth return of 14.44% and an income return of 0%%. These returns were calculated as at 31 Mar 2012.

What is AXA Emerging Markets Fund’s one-year total return?

AXA Emerging Markets Fund’s one-year total return is -13.03%. This was made up of a growth return of -13.03% and an income return of 0%. These returns were calculated as at 31 Mar 2012.

What is AXA Emerging Markets Fund’s three-year total return?

AXA Emerging Markets 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 Mar 2012.

What is the asset allocation of the AXA Emerging Markets Fund managed fund?

The asset allocation of the AXA Emerging Markets Fund managed fund is :

International Equities: 99.57%

Cash: 0.06%

Alternatives: 0.37%

Australian Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Who is the responsible Entity of the AXA Emerging Markets Fund managed fund?

The Responsible Entity for the AXA Emerging Markets Fund managed fund is AMP-National Mutual Funds Management Ltd.

What sector/asset class does the AXA Emerging Markets Fund managed fund belong to?

The AXA Emerging Markets Fund managed fund belongs to the Equity Emerging Markets sector/asset class.

What is the size of the AXA Emerging Markets Fund managed fund?

As at 31 Mar 2012, the size of the AXA Emerging Markets Fund managed fund was $4.46 million.

What is the inception date of the AXA Emerging Markets Fund managed fund?

The AXA Emerging Markets Fund managed fund has an inception date of 1 Jul 2010.

What is the current entry price of the AXA Emerging Markets Fund managed fund?

The current entry price of the AXA Emerging Markets Fund managed fund is $0.9318 per unit and the current exit price is $0.92253 per unit (as at 12 Apr 2012).

What is the current exit price of the AXA Emerging Markets Fund managed fund?

The current exit price of the AXA Emerging Markets Fund managed fund is $0.92253 per unit and the current entry price is $0.9318 per unit (as at 12 Apr 2012).

What is the minimum investment amount for the AXA Emerging Markets Fund managed fund?

The minimum initial investment amount for the AXA Emerging Markets Fund managed fund is $25,000. Minimum additional investment is $1000.

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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