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  5. SST - Advance Wholesale Concentrated Australian Shares S - Managed fund profile

SST - Advance Wholesale Concentrated Australian Shares S - Managed Fund (Closed)

Fund Objective
To provide strong medium to long-term capital growth from a diversified portfolio of Australian shares. The Fund aims to provide investors with a total investment return (before fees and taxes) that outperforms the S&P/ASX 200 Accumulation Index by greater than 4.5% pa over periods of 5 years or longer.
Fund Strategy
MIR's investment process is a unique combination of quantitative and qualitative processes. MIR seeks to avoid the common problem of value managers who buy and sell stocks too early by including momentum screens into their process. MIR invests in stocks if it believes that the company has investment potential, not because the company has a high index weight. As such MIR offers strategies that target high returns by having concentrated portfolios.

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 3.48% 15.8% 24.92% 27.96% 9.23% 6.2% -1.01% -%
Growth return 3.48% 15.8% 24.92% 27.96% 9.23% 6.2% -1.01% -%
Income return 0% 0% 0% 0% 0% 0% 0% -%
Market index (S&P/ASX 200 TR AUD)
Total return 3.1% 7.03% 11.65% 14.74% 14.82% 13.04% 12.32% 9.87%
As at 31 Dec 2012. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

SST - Advance Wholesale Concentrated Australian Shares S
Australian Equities
97.76%
Cash
2.24%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.72%
Cash
-0.78%
International Equities
4.82%
Property & Infrastructure
1.41%
Fixed Interest
0.26%
Alternatives
0.58%

General Information

Fund Details
Type Description
SST - Advance Wholesale Concentrated Australian Shares S
Closed
Statewide Superannuation Trust
SSP0007AU
Equity Australia Large Growth
starstarstarstar (as at 31 Dec 2012)
Superannuation Fund
14 Nov 2007
$0.03 million (as at 31 Dec 2012)
$0.9308 (as at 31 Dec 2012)
$0.9308 (as at 31 Dec 2012)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.36% (as at 30 Jun 2011)
Minimum initial investment $15,000

Top 10 holdings (as at 31 Dec 2010)

Holding (as at 31 Dec 2010) Type % of Portfolio
BHP Billiton Limited Equity 11.49%
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FAQs about the SST - Advance Wholesale Concentrated Australian Shares S

The objective of the SST - Advance Wholesale Concentrated Australian Shares S managed fund is To provide strong medium to long-term capital growth from a diversified portfolio of Australian shares. The Fund aims to provide investors with a total investment return (before fees and taxes) that outperforms the S&P/ASX 200 Accumulation Index by greater than 4.5% pa over periods of 5 years or longer.

The strategy of the SST - Advance Wholesale Concentrated Australian Shares S managed fund is MIR's investment process is a unique combination of quantitative and qualitative processes. MIR seeks to avoid the common problem of value managers who buy and sell stocks too early by including momentum screens into their process. MIR invests in stocks if it believes that the company has investment potential, not because the company has a high index weight. As such MIR offers strategies that target high returns by having concentrated portfolios.

The APIR code of the SST - Advance Wholesale Concentrated Australian Shares S managed fund is SSP0007AU.

SST - Advance Wholesale Concentrated Australian Shares S’s total return last month was 3.48%. This was made up of a growth return of 3.48% and an income return of 0%. These returns were calculated as at 31 Dec 2012.

SST - Advance Wholesale Concentrated Australian Shares S’s total return for the last three months was 15.8%. This was made up of a growth return of 15.8% and an income return of 0%%. These returns were calculated as at 31 Dec 2012.

SST - Advance Wholesale Concentrated Australian Shares S’s one-year total return is 27.96%. This was made up of a growth return of 27.96% and an income return of 0%. These returns were calculated as at 31 Dec 2012.

SST - Advance Wholesale Concentrated Australian Shares S’s one-year total return is 6.2%. This was made up of a growth return of 6.2% and an income return of 0%. These returns were calculated as at 31 Dec 2012.

The asset allocation of the SST - Advance Wholesale Concentrated Australian Shares S managed fund is :

Australian Equities
97.76%
Cash
2.24%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the SST - Advance Wholesale Concentrated Australian Shares S managed fund is Statewide Superannuation Trust.

The SST - Advance Wholesale Concentrated Australian Shares S managed fund belongs to the Equity Australia Large Growth sector/asset class.

As at 31 Dec 2012, the size of the SST - Advance Wholesale Concentrated Australian Shares S managed fund was $0.03 million.

The SST - Advance Wholesale Concentrated Australian Shares S managed fund has an inception date of 14 Nov 2007.

The current entry price of the SST - Advance Wholesale Concentrated Australian Shares S managed fund is $0.9308 per unit and the current exit price is $0.9308 per unit (as at 31 Dec 2012).

The current exit price of the SST - Advance Wholesale Concentrated Australian Shares S managed fund is $0.9308 per unit and the current entry price is $0.9308 per unit (as at 31 Dec 2012).

The minimum initial investment amount for the SST - Advance Wholesale Concentrated Australian Shares S managed fund is $15,000.

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.