Select Private Equity - Managed Fund (Closed)

Fund Objective

To achieve predominantly capital growth and some income by investing in listed and unlisted private equity securities of funds, companies and partnerships. The targeted return for the portfolio is the return on cash investments plus 5-7% (net of fees and expenses) per annum over 5 year rolling periods.

Fund Strategy

A multi-manager approach investing in a portfolio of listed and unlisted private equity investments both in Australia and overseas. The Portfolio invests across venture capital, expansion capital and MBO/LBO-type investments with underlying private equity managers who have demonstrated an ability to generate strong investment returns. The Portfolio will also be diversified by vintage year (i.e. the year in which investments were made) to manage the risk of being overly concentrated to investments at unfavourable points in the market cycle.

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	-%	-%	-%	-%	-%	-%	-%	-%
Growth return	5.73%	11.05%	16.52%	-36.9%	-30.02%	-%	-%	-%
Income return	-%	-%	-%	-%	-%	-%	-%	-%
Market index (RBA Bank accepted Bills 90 Days)
Total return	0.35%	0.96%	1.88%	3.76%	4.06%	4.11%	2.96%	2.14%

Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Select Private Equity

Australian Equities: 56%

International Equities: 41%

Cash: 3%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 4.87%

International Equities: 2.99%

Cash: 55.73%

Property & Infrastructure: 1.97%

Fixed Interest: 15.71%

Alternatives: 18.74%

General Information

Fund Details

Type	Description
Fund Name	Select Private Equity
Fund Status	Closed
Responsible Entity	Select Investment Partners Limited
APIR Code	SLT0008AU
Sector/Asset Class	Miscellaneous
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	3 Oct 2006
Fund Size	$8.74 million (as at 30 Jun 2009)
Entry Price	$0.499 (as at 31 Jul 2009)
Exit Price	$0.4965 (as at 31 Jul 2009)
Fund Status	Finalised

Offer information

Type	Description
Indirect Cost Ratio (ICR)	3.80% (as at 30 Jun 2009)
Performance fee (not included in ICR)	0
Minimum initial investment	$25,000

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FAQs about the Select Private Equity

What is the objective of the Select Private Equity managed fund?

The objective of the Select Private Equity managed fund is To achieve predominantly capital growth and some income by investing in listed and unlisted private equity securities of funds, companies and partnerships. The targeted return for the portfolio is the return on cash investments plus 5-7% (net of fees and expenses) per annum over 5 year rolling periods.

What is the strategy for the Select Private Equity managed fund?

The strategy of the Select Private Equity managed fund is A multi-manager approach investing in a portfolio of listed and unlisted private equity investments both in Australia and overseas. The Portfolio invests across venture capital, expansion capital and MBO/LBO-type investments with underlying private equity managers who have demonstrated an ability to generate strong investment returns. The Portfolio will also be diversified by vintage year (i.e. the year in which investments were made) to manage the risk of being overly concentrated to investments at unfavourable points in the market cycle.

What is the APIR code of the Select Private Equity managed fund?

The APIR code of the Select Private Equity managed fund is SLT0008AU.

What was Select Private Equity’s total return last month?

Select Private Equity’s total return last month was -%. This was made up of a growth return of 5.73% and an income return of -%. These returns were calculated as at .

What was Select Private Equity’s total return for the last three months?

Select Private Equity’s total return for the last three months was -%. This was made up of a growth return of 11.05% and an income return of -%%. These returns were calculated as at .

What is Select Private Equity’s one-year total return?

Select Private Equity’s one-year total return is -%. This was made up of a growth return of -36.9% and an income return of -%. These returns were calculated as at .

What is Select Private Equity’s three-year total return?

Select Private Equity’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 .

What is the asset allocation of the Select Private Equity managed fund?

The asset allocation of the Select Private Equity managed fund is :

Australian Equities: 56%

International Equities: 41%

Cash: 3%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Select Private Equity managed fund?

The Responsible Entity for the Select Private Equity managed fund is Select Investment Partners Limited.

What sector/asset class does the Select Private Equity managed fund belong to?

The Select Private Equity managed fund belongs to the Miscellaneous sector/asset class.

What is the size of the Select Private Equity managed fund?

As at 30 Jun 2009, the size of the Select Private Equity managed fund was $8.74 million.

What is the inception date of the Select Private Equity managed fund?

The Select Private Equity managed fund has an inception date of 3 Oct 2006.

What is the current entry price of the Select Private Equity managed fund?

The current entry price of the Select Private Equity managed fund is $0.499 per unit and the current exit price is $0.4965 per unit (as at 31 Jul 2009).

What is the current exit price of the Select Private Equity managed fund?

The current exit price of the Select Private Equity managed fund is $0.4965 per unit and the current entry price is $0.499 per unit (as at 31 Jul 2009).

What is the minimum investment amount for the Select Private Equity managed fund?

The minimum initial investment amount for the Select Private Equity managed fund is $25,000.

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.

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