InvestSMART

Tower Wholesale - Australian Shares Fund - Managed Fund (Closed)

Fund Objective
To provide long-term capital growth and some income. Suggested minimum investment timeframe is 5-7 years.
Fund Strategy
Invests in companies and trusts listed on the Australian Stock Exchange. Investments will be in listed shares, trusts, warrants, futures contracts, and exchange traded options. The Fund may also hold up to a maximum of 10% in cash. Asset allocation ranges (with benchmarks in brackets): Australian shares 90-100% (100%), cash 0-10% (0%). Tower Asset Management Ltd has been appointed as investment manager.

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 -0.6% 7.53% -4.3% -14.09% -8.1% -0.5% -% -%
Growth return -0.6% 7.02% -5.81% -34.67% -20.68% -10.68% -% -%
Income return 0% 0.51% 1.51% 20.58% 12.58% 10.18% -% -%
Market index (S&P/ASX 200 TR AUD)
Total return 0.39% 2.7% 11.09% 12.46% 18.51% 13.08% 12.64% 9.68%
As at 31 May 2003. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Tower Wholesale - Australian Shares Fund
Australian Equities
100%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
94.97%
International Equities
4.72%
Cash
-0.54%
Property & Infrastructure
1.39%
Fixed Interest
-0.49%
Alternatives
-0.06%

General Information

Fund Details
Type Description
Tower Wholesale - Australian Shares Fund (Wholesale)
Closed
Tower Australia Limited
TOW0190AU
Equity Australia Other
Not Rated
Investment Fund
9 Sep 1998
$1.12 million (as at 31 May 2003)
$0.9028 (as at 30 May 2003)
$0.8964 (as at 30 May 2003)
Finalised
Offer information
Type Description
MER 0.90% (as at 30 Jun 2003)
Minimum initial investment $50,000

FAQs about the Tower Wholesale - Australian Shares Fund

The objective of the Tower Wholesale - Australian Shares Fund managed fund is To provide long-term capital growth and some income. Suggested minimum investment timeframe is 5-7 years.

The strategy of the Tower Wholesale - Australian Shares Fund managed fund is Invests in companies and trusts listed on the Australian Stock Exchange. Investments will be in listed shares, trusts, warrants, futures contracts, and exchange traded options. The Fund may also hold up to a maximum of 10% in cash. Asset allocation ranges (with benchmarks in brackets): Australian shares 90-100% (100%), cash 0-10% (0%). Tower Asset Management Ltd has been appointed as investment manager.

The APIR code of the Tower Wholesale - Australian Shares Fund managed fund is TOW0190AU.

Tower Wholesale - Australian Shares Fund’s total return last month was -0.6%. This was made up of a growth return of -0.6% and an income return of 0%. These returns were calculated as at 31 May 2003.

Tower Wholesale - Australian Shares Fund’s total return for the last three months was 7.53%. This was made up of a growth return of 7.02% and an income return of 0.51%%. These returns were calculated as at 31 May 2003.

Tower Wholesale - Australian Shares Fund’s one-year total return is -14.09%. This was made up of a growth return of -34.67% and an income return of 20.58%. These returns were calculated as at 31 May 2003.

Tower Wholesale - Australian Shares Fund’s one-year total return is -0.5%. This was made up of a growth return of -10.68% and an income return of 10.18%. These returns were calculated as at 31 May 2003.

The asset allocation of the Tower Wholesale - Australian Shares Fund 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 Wholesale - Australian Shares Fund managed fund is Tower Australia Limited.

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

As at 31 May 2003, the size of the Tower Wholesale - Australian Shares Fund managed fund was $1.12 million.

The Tower Wholesale - Australian Shares Fund managed fund has an inception date of 9 Sep 1998.

The current entry price of the Tower Wholesale - Australian Shares Fund managed fund is $0.9028 per unit and the current exit price is $0.8964 per unit (as at 30 May 2003).

The current exit price of the Tower Wholesale - Australian Shares Fund managed fund is $0.8964 per unit and the current entry price is $0.9028 per unit (as at 30 May 2003).

The minimum initial investment amount for the Tower Wholesale - Australian Shares Fund managed fund is $50,000.

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.