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Swita Australia ex 20 Index Focus - Managed Fund (Closed)

Fund Objective
The Fund aims to achieve positive returns in excess of the Benchmark over the long term by taking both Long Positions on ASX listed Australian equities and Hedging the portfolio against market risk in certain situations using Short Positions in equity index futures.
Fund Strategy
The Fund aims to invest in a portfolio of Equities that are listed, or expected to be listed within 90 days, on the Australian Securities Exchange. The Fund may have between 0% and 125% of its Net Asset Value invested in Long Positions. The Fund may have between 0% and 125% of its Net Asset Value invested in Short Index Futures, short individual stocks/ baskets of stocks or options.

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 1.02% 20.07% 24.81% 14.56% -12.51% -9.29% -% -%
Growth return 1.02% 20.07% 24.81% 14.56% -12.51% -9.83% -% -%
Income return 0% 0% 0% 0% 0% 0.54% -% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.29% 0.9% 1.85% 4.02% 4.2% 4.02% 2.58% 2.07%
As at 31 Dec 2012. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Swita Australia ex 20 Index Focus
Australian Equities
79.39%
Cash
20.61%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
3.91%
Cash
46.38%
International Equities
6.74%
Property & Infrastructure
1.87%
Fixed Interest
20.36%
Alternatives
20.74%

General Information

Fund Details
Type Description
Swita Australia ex 20 Index Focus
Closed
Equity Trustees Ltd
ETL0184AU
Hedge Funds - Australia
star (as at 31 Dec 2012)
Investment Fund
1 Dec 2009
$2.5 million (as at 31 Dec 2010)
$1.25189 (as at 31 Dec 2012)
$1.24441 (as at 31 Dec 2012)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.60% (as at 30 Jun 2012)
Performance fee (not included in ICR) 0
Minimum initial investment $25,000
Minimum additional investments $10,000.00
Minimum redemption amount $10,000.00

Top 10 holdings (as at 30 Sep 2010)

Holding (as at 30 Sep 2010) Type % of Portfolio
Energy Resources of Australia Limited Stock 6.08%
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FAQs about the Swita Australia ex 20 Index Focus

The objective of the Swita Australia ex 20 Index Focus managed fund is The Fund aims to achieve positive returns in excess of the Benchmark over the long term by taking both Long Positions on ASX listed Australian equities and Hedging the portfolio against market risk in certain situations using Short Positions in equity index futures.

The strategy of the Swita Australia ex 20 Index Focus managed fund is The Fund aims to invest in a portfolio of Equities that are listed, or expected to be listed within 90 days, on the Australian Securities Exchange. The Fund may have between 0% and 125% of its Net Asset Value invested in Long Positions. The Fund may have between 0% and 125% of its Net Asset Value invested in Short Index Futures, short individual stocks/ baskets of stocks or options.

The APIR code of the Swita Australia ex 20 Index Focus managed fund is ETL0184AU.

Swita Australia ex 20 Index Focus’s total return last month was 1.02%. This was made up of a growth return of 1.02% and an income return of 0%. These returns were calculated as at 31 Dec 2012.

Swita Australia ex 20 Index Focus’s total return for the last three months was 20.07%. This was made up of a growth return of 20.07% and an income return of 0%%. These returns were calculated as at 31 Dec 2012.

Swita Australia ex 20 Index Focus’s one-year total return is 14.56%. This was made up of a growth return of 14.56% and an income return of 0%. These returns were calculated as at 31 Dec 2012.

Swita Australia ex 20 Index Focus’s one-year total return is -9.29%. This was made up of a growth return of -9.83% and an income return of 0.54%. These returns were calculated as at 31 Dec 2012.

The asset allocation of the Swita Australia ex 20 Index Focus managed fund is :

Australian Equities
79.39%
Cash
20.61%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Swita Australia ex 20 Index Focus managed fund is Equity Trustees Ltd.

The Swita Australia ex 20 Index Focus managed fund belongs to the Hedge Funds - Australia sector/asset class.

As at 31 Dec 2010, the size of the Swita Australia ex 20 Index Focus managed fund was $2.5 million.

The Swita Australia ex 20 Index Focus managed fund has an inception date of 1 Dec 2009.

The current entry price of the Swita Australia ex 20 Index Focus managed fund is $1.25189 per unit and the current exit price is $1.24441 per unit (as at 31 Dec 2012).

The current exit price of the Swita Australia ex 20 Index Focus managed fund is $1.24441 per unit and the current entry price is $1.25189 per unit (as at 31 Dec 2012).

The minimum initial investment amount for the Swita Australia ex 20 Index Focus 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.