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  5. Tidewater Share Income Fund - Managed fund profile

Tidewater Share Income Fund - Managed Fund (Closed)

Fund Objective
Aims to outperform the S&P/ASX 300 Accumulation Index over 3 to 5 year rolling periods and provide a consistent yield of 5% p.a. or more, paid quarterly. This Fund invests in Australian shares, listed property trusts and convertible preference shares to achieve its objectives.
Fund Strategy
The Fund makes medium to long term investments in a broad portfolio Australian listed companies with a focus on 'microcap' companies.It may invest up to 15% in preference shares and convertible notes. The Manager utilizes an valuation based, risk-controlled investment approach which focuses on identifying quality investments. The Manager also manages the Fund to achieve volatility that is slightly lower than that of the overall sharemarket.

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 -6.59% -17.44% -33.36% -47.32% -% -% -% -%
Growth return -6.59% -19.47% -36.7% -51.01% -% -% -% -%
Income return 0% 2.03% 3.34% 3.69% -% -% -% -%
Market index (S&P/ASX 200 TR AUD)
Total return 2.36% 8.17% 4.18% 11.81% 12.67% 12.33% 12.26% 8.65%
As at 31 Jan 2009. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Tidewater Share Income Fund
Australian Equities
71.04%
Cash
8.16%
Property & Infrastructure
20.80%
International Equities
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.70%
Cash
-0.79%
Property & Infrastructure
1.40%
International Equities
4.82%
Fixed Interest
0.28%
Alternatives
0.59%

General Information

Fund Details
Type Description
Tidewater Share Income Fund
Closed
Tidewater Asset Management Pty Limited
ETL0140AU
Equity Australia Large Value
Not Rated
Investment Fund
1 Jul 2007
$0.3 million (as at 31 Jan 2009)
$0.4048 (as at 13 Feb 2009)
$0.4024 (as at 13 Feb 2009)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.21% (as at 30 Jun 2008)
Minimum initial investment $20,000

Top 10 holdings (as at 31 Dec 2008)

Holding (as at 31 Dec 2008) Type % of Portfolio
Westpac Banking Corporation Stock 13.17%
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FAQs about the Tidewater Share Income Fund

The objective of the Tidewater Share Income Fund managed fund is Aims to outperform the S&P/ASX 300 Accumulation Index over 3 to 5 year rolling periods and provide a consistent yield of 5% p.a. or more, paid quarterly. This Fund invests in Australian shares, listed property trusts and convertible preference shares to achieve its objectives.

The strategy of the Tidewater Share Income Fund managed fund is The Fund makes medium to long term investments in a broad portfolio Australian listed companies with a focus on 'microcap' companies.It may invest up to 15% in preference shares and convertible notes. The Manager utilizes an valuation based, risk-controlled investment approach which focuses on identifying quality investments. The Manager also manages the Fund to achieve volatility that is slightly lower than that of the overall sharemarket.

The APIR code of the Tidewater Share Income Fund managed fund is ETL0140AU.

Tidewater Share Income Fund’s total return last month was -6.59%. This was made up of a growth return of -6.59% and an income return of 0%. These returns were calculated as at 31 Jan 2009.

Tidewater Share Income Fund’s total return for the last three months was -17.44%. This was made up of a growth return of -19.47% and an income return of 2.03%%. These returns were calculated as at 31 Jan 2009.

Tidewater Share Income Fund’s one-year total return is -47.32%. This was made up of a growth return of -51.01% and an income return of 3.69%. These returns were calculated as at 31 Jan 2009.

Tidewater Share Income Fund’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Jan 2009.

The asset allocation of the Tidewater Share Income Fund managed fund is :

Australian Equities
71.04%
Cash
8.16%
Property & Infrastructure
20.80%
International Equities
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Tidewater Share Income Fund managed fund is Tidewater Asset Management Pty Limited.

The Tidewater Share Income Fund managed fund belongs to the Equity Australia Large Value sector/asset class.

As at 31 Jan 2009, the size of the Tidewater Share Income Fund managed fund was $0.3 million.

The Tidewater Share Income Fund managed fund has an inception date of 1 Jul 2007.

The current entry price of the Tidewater Share Income Fund managed fund is $0.4048 per unit and the current exit price is $0.4024 per unit (as at 13 Feb 2009).

The current exit price of the Tidewater Share Income Fund managed fund is $0.4024 per unit and the current entry price is $0.4048 per unit (as at 13 Feb 2009).

The minimum initial investment amount for the Tidewater Share Income Fund managed fund is $20,000.

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.