Thornton Managed Currency Fund - Managed Fund (Closed)

Fund Objective

Provide income, at varying levels, based on $A cash returns and currency deposits and trading while adding an independent element to investor's portfolio because of the low correlation of returns from this sector with those of shares or bonds.

Fund Strategy

The fund employs World Values' currency forecasting model - the Composite Currency Evaluation System (CCES) - to take advantage of the substantial currency movements rather than short-term fluctuations. CCES compare 8 economic factors, inflation, money supply, interest rate, wages, current account, trade balance, financial reserves and GNP for 8 nations i.e. Australia, US, UK, Canada, Germany, Japan, Switzerland and France.

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.

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Fees Comparison

% p.a.

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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	-1.19%	-1.05%	1.02%	-1.57%	4.86%	3.53%	-%	-%
Growth return	-1.19%	-2.36%	-0.32%	-2.88%	1.8%	1.51%	-%	-%
Income return	0%	1.31%	1.34%	1.31%	3.06%	2.02%	-%	-%
Market index (RBA Bank accepted Bills 90 Days)
Total return	0.31%	0.92%	1.92%	4.15%	4.24%	3.96%	2.46%	2.04%

As at 31 Aug 1993. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.

Average Allocation of Peers

Alternatives: 21.95%

Australian Equities: 3.95%

International Equities: 6.68%

Cash: 44.80%

Property & Infrastructure: 1.88%

Fixed Interest: 20.74%

General Information

Fund Details

Type	Description
Fund Name	Thornton Managed Currency Fund
Fund Status	Closed
Responsible Entity	Allianz Global Investors Australia
APIR Code	THO0014AU
Sector/Asset Class	Miscellaneous
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	6 Jul 1990
Fund Size	$0.9 million (as at 10 Sep 1993)
Entry Price	n/a
Exit Price	$1.0498 (as at 10 Sep 1993)
Fund Status	Finalised

Offer information

Type	Description
MER	3.18% (as at 30 Jun 1991)
Minimum initial investment	$2,000.00

FAQs about the Thornton Managed Currency Fund

What is the objective of the Thornton Managed Currency Fund managed fund?

The objective of the Thornton Managed Currency Fund managed fund is Provide income, at varying levels, based on $A cash returns and currency deposits and trading while adding an independent element to investor's portfolio because of the low correlation of returns from this sector with those of shares or bonds.

What is the strategy for the Thornton Managed Currency Fund managed fund?

The strategy of the Thornton Managed Currency Fund managed fund is The fund employs World Values' currency forecasting model - the Composite Currency Evaluation System (CCES) - to take advantage of the substantial currency movements rather than short-term fluctuations. CCES compare 8 economic factors, inflation, money supply, interest rate, wages, current account, trade balance, financial reserves and GNP for 8 nations i.e. Australia, US, UK, Canada, Germany, Japan, Switzerland and France.

What is the APIR code of the Thornton Managed Currency Fund managed fund?

The APIR code of the Thornton Managed Currency Fund managed fund is THO0014AU.

What was Thornton Managed Currency Fund’s total return last month?

Thornton Managed Currency Fund’s total return last month was -1.19%. This was made up of a growth return of -1.19% and an income return of 0%. These returns were calculated as at 31 Aug 1993.

What was Thornton Managed Currency Fund’s total return for the last three months?

Thornton Managed Currency Fund’s total return for the last three months was -1.05%. This was made up of a growth return of -2.36% and an income return of 1.31%%. These returns were calculated as at 31 Aug 1993.

What is Thornton Managed Currency Fund’s one-year total return?

Thornton Managed Currency Fund’s one-year total return is -1.57%. This was made up of a growth return of -2.88% and an income return of 1.31%. These returns were calculated as at 31 Aug 1993.

What is Thornton Managed Currency Fund’s three-year total return?

Thornton Managed Currency Fund’s one-year total return is 3.53%. This was made up of a growth return of 1.51% and an income return of 2.02%. These returns were calculated as at 31 Aug 1993.

What is the asset allocation of the Thornton Managed Currency Fund managed fund?

The asset allocation of the Thornton Managed Currency Fund managed fund is :

Alternatives: 100%

Australian Equities: 0%

International Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Who is the responsible Entity of the Thornton Managed Currency Fund managed fund?

The Responsible Entity for the Thornton Managed Currency Fund managed fund is Allianz Global Investors Australia.

What sector/asset class does the Thornton Managed Currency Fund managed fund belong to?

The Thornton Managed Currency Fund managed fund belongs to the Miscellaneous sector/asset class.

What is the size of the Thornton Managed Currency Fund managed fund?

As at 10 Sep 1993, the size of the Thornton Managed Currency Fund managed fund was $0.9 million.

What is the inception date of the Thornton Managed Currency Fund managed fund?

The Thornton Managed Currency Fund managed fund has an inception date of 6 Jul 1990.

What is the current entry price of the Thornton Managed Currency Fund managed fund?

The current entry price of the Thornton Managed Currency Fund managed fund is $ per unit and the current exit price is $1.0498 per unit (as at 10 Sep 1993).

What is the current exit price of the Thornton Managed Currency Fund managed fund?

The current exit price of the Thornton Managed Currency Fund managed fund is $1.0498 per unit and the current entry price is $ per unit (as at 10 Sep 1993).

What is the minimum investment amount for the Thornton Managed Currency Fund managed fund?

The minimum initial investment amount for the Thornton Managed Currency Fund managed fund is $2,000.

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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