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  5. SMI ME Income Plus - Managed fund profile

SMI ME Income Plus - Managed Fund (Closed)

Fund Objective
The fund is to achieve returns that exceed the inflation rate (change in the CPI) by 2.0% per annum (after tax), on a rolling five year basis. This objective is expected to be achieved around 70% of the time. It aims to provide security (but not a guarantee) of capital invested, as well as limiting the likelihood of applying negative annual returns to one in every ten years (i.e. approx. 2 times in 20 years).

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 0.27% 0.85% 2.77% 8.6% 5.65% 6.72% 4.91% 7.19%
Growth return 0.27% 0.85% 1.84% 4.17% -2.41% -0.36% -2.39% -0.58%
Income return 0% 0% 0.93% 4.43% 8.06% 7.08% 7.3% 7.77%
Market index (Morningstar AUS Mod Tgt Alloc NR AUD)
Total return 1.06% 2.87% 4.38% 7.21% 7.92% 6.66% 3.89% 4.5%
As at 28 Feb 2013. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

SMI ME Income Plus
Australian Equities
16.54%
International Equities
7.67%
Cash
19.19%
Property & Infrastructure
8.24%
Fixed Interest
48.36%
Alternatives
0%
Average Allocation of Peers
Australian Equities
10.90%
International Equities
14.96%
Cash
15.04%
Property & Infrastructure
3.69%
Fixed Interest
49.81%
Alternatives
5.60%

General Information

Fund Details
Type Description
SMI ME Income Plus
Closed
Super Members Investments Limited
SMI0004AU
Multisector Moderate
starstarstarstar (as at 28 Feb 2013)
Investment Fund
1 Jan 2002
$3.11 million (as at 31 Jan 2013)
n/a
$0.9617 (as at 27 Feb 2013)
Finalised
Offer information
Type Description
MER 1.34% (as at 30 Jun 2008)
Indirect Cost Ratio (ICR) 0% (as at 30 Jun 2012)
Minimum initial investment $1,000.00

FAQs about the SMI ME Income Plus

The objective of the SMI ME Income Plus managed fund is The fund is to achieve returns that exceed the inflation rate (change in the CPI) by 2.0% per annum (after tax), on a rolling five year basis. This objective is expected to be achieved around 70% of the time. It aims to provide security (but not a guarantee) of capital invested, as well as limiting the likelihood of applying negative annual returns to one in every ten years (i.e. approx. 2 times in 20 years).

The strategy of the SMI ME Income Plus managed fund is

The APIR code of the SMI ME Income Plus managed fund is SMI0004AU.

SMI ME Income Plus’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 28 Feb 2013.

SMI ME Income Plus’s total return for the last three months was 0.85%. This was made up of a growth return of 0.85% and an income return of 0%%. These returns were calculated as at 28 Feb 2013.

SMI ME Income Plus’s one-year total return is 8.6%. This was made up of a growth return of 4.17% and an income return of 4.43%. These returns were calculated as at 28 Feb 2013.

SMI ME Income Plus’s one-year total return is 6.72%. This was made up of a growth return of -0.36% and an income return of 7.08%. These returns were calculated as at 28 Feb 2013.

The asset allocation of the SMI ME Income Plus managed fund is :

Australian Equities
16.54%
International Equities
7.67%
Cash
19.19%
Property & Infrastructure
8.24%
Fixed Interest
48.36%
Alternatives
0%

The Responsible Entity for the SMI ME Income Plus managed fund is Super Members Investments Limited.

The SMI ME Income Plus managed fund belongs to the Multisector Moderate sector/asset class.

As at 31 Jan 2013, the size of the SMI ME Income Plus managed fund was $3.11 million.

The SMI ME Income Plus managed fund has an inception date of 1 Jan 2002.

The current entry price of the SMI ME Income Plus managed fund is $ per unit and the current exit price is $0.9617 per unit (as at 27 Feb 2013).

The current exit price of the SMI ME Income Plus managed fund is $0.9617 per unit and the current entry price is $ per unit (as at 27 Feb 2013).

The minimum initial investment amount for the SMI ME Income Plus 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.