State Street Multi-asset Income Fund - Managed Fund (Closed)

Fund Objective

The fund seeks to achieve a) an income return before tax and fees 2.0% to 3.0% per annum above the Reserve Bank of Australia ('RBA') cash rate, while b) limiting negative returns during poor investment environments.

Fund Strategy

The Fund aims to acquire a diverse portfolio of investments selected for characteristics such as income, inflation protection, capital growth and risk mitigation. The Fund aims to achieve an income return before tax and fees 2% to 3% p.a. above the Reserve Bank of Australia (RBA) cash rate and limit negative returns during poor investment environments. The investment horizon for the Fund is at least 5-7 years. There is no guarantee that the objectives will be met.

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	1.29%	4.38%	3.59%	3.78%	3.19%	3.62%	3.68%	-%
Growth return	1.05%	3.63%	2.59%	0.72%	0.36%	0.7%	-0.29%	-%
Income return	0.24%	0.75%	1%	3.06%	2.83%	2.92%	3.97%	-%
Market index (Morningstar AUS Balance Tgt Alloc NR AUD)
Total return	2.64%	0.4%	0.21%	8.61%	8.68%	8.06%	5.07%	6.25%

As at 30 Apr 2019. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

State Street Multi-asset Income Fund

Australian Equities: 24.25%

International Equities: 24.89%

Cash: 26.05%

Fixed Interest: 10.01%

Alternatives: 14.80%

Property & Infrastructure: 0%

Average Allocation of Peers

Australian Equities: 17.43%

International Equities: 27.33%

Cash: 7.33%

Fixed Interest: 36%

Alternatives: 8.24%

Property & Infrastructure: 3.66%

General Information

Fund Details

Type	Description
Fund Name	State Street Multi-asset Income Fund
Fund Status	Closed
Responsible Entity	State Street Global Advisors (Aus) Ltd
APIR Code	SST0053AU
Sector/Asset Class	Multisector Flexible
Morningstar Rating	(as at 30 Apr 2019)
Legal Structure	Investment Fund
Fund Inception	31 Jan 2014
Fund Size	$15.33 million (as at 31 Mar 2019)
Entry Price	$1.0002 (as at 16 May 2019)
Exit Price	$0.999 (as at 16 May 2019)
Fund Status	Finalised

Offer information

Type	Description
Indirect Cost Ratio (ICR)	0.75% (as at 30 Jun 2017)
Performance fee (not included in ICR)	0
Minimum initial investment	$25,000
Minimum additional investments	$10,000.00
Minimum redemption amount

Top 10 holdings (as at 30 Apr 2019)

Holding (as at 30 Apr 2019)	Type	% of Portfolio
SPDR? S&P/ASX Australian Bond ETF	Mutual Fund - ETF	23.17%
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FAQs about the State Street Multi-asset Income Fund

What is the objective of the State Street Multi-asset Income Fund managed fund?

The objective of the State Street Multi-asset Income Fund managed fund is The fund seeks to achieve a) an income return before tax and fees 2.0% to 3.0% per annum above the Reserve Bank of Australia ('RBA') cash rate, while b) limiting negative returns during poor investment environments.

What is the strategy for the State Street Multi-asset Income Fund managed fund?

The strategy of the State Street Multi-asset Income Fund managed fund is The Fund aims to acquire a diverse portfolio of investments selected for characteristics such as income, inflation protection, capital growth and risk mitigation. The Fund aims to achieve an income return before tax and fees 2% to 3% p.a. above the Reserve Bank of Australia (RBA) cash rate and limit negative returns during poor investment environments. The investment horizon for the Fund is at least 5-7 years. There is no guarantee that the objectives will be met.

What is the APIR code of the State Street Multi-asset Income Fund managed fund?

The APIR code of the State Street Multi-asset Income Fund managed fund is SST0053AU.

What was State Street Multi-asset Income Fund’s total return last month?

State Street Multi-asset Income Fund’s total return last month was 1.29%. This was made up of a growth return of 1.05% and an income return of 0.24%. These returns were calculated as at 30 Apr 2019.

What was State Street Multi-asset Income Fund’s total return for the last three months?

State Street Multi-asset Income Fund’s total return for the last three months was 4.38%. This was made up of a growth return of 3.63% and an income return of 0.75%%. These returns were calculated as at 30 Apr 2019.

What is State Street Multi-asset Income Fund’s one-year total return?

State Street Multi-asset Income Fund’s one-year total return is 3.78%. This was made up of a growth return of 0.72% and an income return of 3.06%. These returns were calculated as at 30 Apr 2019.

What is State Street Multi-asset Income Fund’s three-year total return?

State Street Multi-asset Income Fund’s one-year total return is 3.62%. This was made up of a growth return of 0.7% and an income return of 2.92%. These returns were calculated as at 30 Apr 2019.

What is the asset allocation of the State Street Multi-asset Income Fund managed fund?

The asset allocation of the State Street Multi-asset Income Fund managed fund is :

Australian Equities: 24.25%

International Equities: 24.89%

Cash: 26.05%

Fixed Interest: 10.01%

Alternatives: 14.80%

Property & Infrastructure: 0%

Who is the responsible Entity of the State Street Multi-asset Income Fund managed fund?

The Responsible Entity for the State Street Multi-asset Income Fund managed fund is State Street Global Advisors (Aus) Ltd.

What sector/asset class does the State Street Multi-asset Income Fund managed fund belong to?

The State Street Multi-asset Income Fund managed fund belongs to the Multisector Flexible sector/asset class.

What is the size of the State Street Multi-asset Income Fund managed fund?

As at 31 Mar 2019, the size of the State Street Multi-asset Income Fund managed fund was $15.33 million.

What is the inception date of the State Street Multi-asset Income Fund managed fund?

The State Street Multi-asset Income Fund managed fund has an inception date of 31 Jan 2014.

What is the current entry price of the State Street Multi-asset Income Fund managed fund?

The current entry price of the State Street Multi-asset Income Fund managed fund is $1.0002 per unit and the current exit price is $0.999 per unit (as at 16 May 2019).

What is the current exit price of the State Street Multi-asset Income Fund managed fund?

The current exit price of the State Street Multi-asset Income Fund managed fund is $0.999 per unit and the current entry price is $1.0002 per unit (as at 16 May 2019).

What is the minimum investment amount for the State Street Multi-asset Income Fund managed fund?

The minimum initial investment amount for the State Street Multi-asset Income Fund managed fund is $25,000. Minimum additional investment is $10000.

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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