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  5. Tower Lighthouse - Australian Shares - Managed fund profile

Tower Lighthouse - Australian Shares - Managed Fund (Closed)

Fund Objective
To provide long-term capital growth and some income from a portfolio of Australian shares. Suggested minimum investment timeframe is 10 years.
Fund Strategy
Invests in the top 150 stocks of the S&P/ASX 300 Index with an emphasis on the 50 Leaders. There will be a minimum of 20 stocks held with a minimum of 10% in stocks with low capitalisation. Asset allocation ranges: Australian shares 90-100%, cash/money-market 0-10%. The Manager has appointed Tower Asset Management Limited as the investment manager of the Fund.

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 -1.04% 6.86% -5.15% -15.6% -9.91% -2.18% -% -%
Growth return -1.04% 6.08% -6.4% -16.82% -11.21% -3.79% -% -%
Income return 0% 0.78% 1.25% 1.22% 1.3% 1.61% -% -%
Market index (S&P/ASX 200 TR AUD)
Total return 1.41% 9.5% 6.44% 13.81% 12.95% 13.56% 11.85% 8.86%
As at 31 May 2003. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Tower Lighthouse - Australian Shares
Australian Equities
100%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
94.04%
International Equities
4.37%
Cash
-0.83%
Property & Infrastructure
1.51%
Fixed Interest
0.31%
Alternatives
0.61%

General Information

Fund Details
Type Description
Tower Lighthouse - Australian Shares
Closed
Tower Australia Limited
TOW0197AU
Equity Australia Other
Not Rated
Investment Fund
1 Sep 1998
$5.56 million (as at 31 May 2003)
$0.9994 (as at 30 May 2003)
$0.9924 (as at 30 May 2003)
Finalised
Offer information
Type Description
Minimum initial investment $2,000.00

FAQs about the Tower Lighthouse - Australian Shares

The objective of the Tower Lighthouse - Australian Shares managed fund is To provide long-term capital growth and some income from a portfolio of Australian shares. Suggested minimum investment timeframe is 10 years.

The strategy of the Tower Lighthouse - Australian Shares managed fund is Invests in the top 150 stocks of the S&P/ASX 300 Index with an emphasis on the 50 Leaders. There will be a minimum of 20 stocks held with a minimum of 10% in stocks with low capitalisation. Asset allocation ranges: Australian shares 90-100%, cash/money-market 0-10%. The Manager has appointed Tower Asset Management Limited as the investment manager of the Fund.

The APIR code of the Tower Lighthouse - Australian Shares managed fund is TOW0197AU.

Tower Lighthouse - Australian Shares’s total return last month was -1.04%. This was made up of a growth return of -1.04% and an income return of 0%. These returns were calculated as at 31 May 2003.

Tower Lighthouse - Australian Shares’s total return for the last three months was 6.86%. This was made up of a growth return of 6.08% and an income return of 0.78%%. These returns were calculated as at 31 May 2003.

Tower Lighthouse - Australian Shares’s one-year total return is -15.6%. This was made up of a growth return of -16.82% and an income return of 1.22%. These returns were calculated as at 31 May 2003.

Tower Lighthouse - Australian Shares’s one-year total return is -2.18%. This was made up of a growth return of -3.79% and an income return of 1.61%. These returns were calculated as at 31 May 2003.

The asset allocation of the Tower Lighthouse - Australian Shares managed fund is :

Australian Equities
100%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Tower Lighthouse - Australian Shares managed fund is Tower Australia Limited.

The Tower Lighthouse - Australian Shares managed fund belongs to the Equity Australia Other sector/asset class.

As at 31 May 2003, the size of the Tower Lighthouse - Australian Shares managed fund was $5.56 million.

The Tower Lighthouse - Australian Shares managed fund has an inception date of 1 Sep 1998.

The current entry price of the Tower Lighthouse - Australian Shares managed fund is $0.9994 per unit and the current exit price is $0.9924 per unit (as at 30 May 2003).

The current exit price of the Tower Lighthouse - Australian Shares managed fund is $0.9924 per unit and the current entry price is $0.9994 per unit (as at 30 May 2003).

The minimum initial investment amount for the Tower Lighthouse - Australian Shares 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.