Tower Wholesale - Security Focus Fund - Managed Fund (Closed)

Fund Objective

To provide mainly income and some medium-term capital growth. Suggested minimum investment timeframe is 3-5 years.

Fund Strategy

Invests mainly in income producing assets while maintaining diversity between asset classes. Asset allocation ranges (with benchmarks in brackets): Australian fixed interest 27-47% (37%), international fixed interest 0-19% (9%), indexed securities 0-10% (0%), cash 14-34% (24%), Australian shares 5-25% (15%), international shares 0-18% (8%), unlisted investments 0-3% (1%), property securities 0-16% (6%). Tower Asset Management Ltd has been appointed as investment manager.

Fund Performance Comparison

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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.

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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	10.13%	12.64%	11.57%	12.48%	7.63%	8.08%	-%	-%
Growth return	10.13%	11.65%	9.69%	6.61%	3.27%	3.47%	-%	-%
Income return	0%	0.99%	1.88%	5.87%	4.36%	4.61%	-%	-%
Market index (Morningstar AUS Mod Tgt Alloc NR AUD)
Total return	-2.66%	-1.21%	-0.98%	4.89%	4.63%	5.48%	3.15%	4.26%

As at 31 May 2003. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Tower Wholesale - Security Focus Fund

Australian Equities: 14%

International Equities: 7.50%

Cash: 26%

Property & Infrastructure: 6.50%

Fixed Interest: 46%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 11.49%

International Equities: 15.06%

Cash: 12.89%

Property & Infrastructure: 3.57%

Fixed Interest: 50.82%

Alternatives: 6.17%

General Information

Fund Details

Type	Description
Fund Name	Tower Wholesale - Security Focus Fund (Wholesale)
Fund Status	Closed
Responsible Entity	Tower Australia Limited
APIR Code	TOW0192AU
Sector/Asset Class	Multisector Moderate
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	9 Sep 1998
Fund Size	$0.19 million (as at 31 May 2003)
Entry Price	$1.1098 (as at 30 May 2003)
Exit Price	$1.1053 (as at 30 May 2003)
Fund Status	Finalised

Offer information

Type	Description
MER	0.80% (as at 30 Jun 2003)
Minimum initial investment	$50,000

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FAQs about the Tower Wholesale - Security Focus Fund

What is the objective of the Tower Wholesale - Security Focus Fund managed fund?

The objective of the Tower Wholesale - Security Focus Fund managed fund is To provide mainly income and some medium-term capital growth. Suggested minimum investment timeframe is 3-5 years.

What is the strategy for the Tower Wholesale - Security Focus Fund managed fund?

The strategy of the Tower Wholesale - Security Focus Fund managed fund is Invests mainly in income producing assets while maintaining diversity between asset classes. Asset allocation ranges (with benchmarks in brackets): Australian fixed interest 27-47% (37%), international fixed interest 0-19% (9%), indexed securities 0-10% (0%), cash 14-34% (24%), Australian shares 5-25% (15%), international shares 0-18% (8%), unlisted investments 0-3% (1%), property securities 0-16% (6%). Tower Asset Management Ltd has been appointed as investment manager.

What is the APIR code of the Tower Wholesale - Security Focus Fund managed fund?

The APIR code of the Tower Wholesale - Security Focus Fund managed fund is TOW0192AU.

What was Tower Wholesale - Security Focus Fund’s total return last month?

Tower Wholesale - Security Focus Fund’s total return last month was 10.13%. This was made up of a growth return of 10.13% and an income return of 0%. These returns were calculated as at 31 May 2003.

What was Tower Wholesale - Security Focus Fund’s total return for the last three months?

Tower Wholesale - Security Focus Fund’s total return for the last three months was 12.64%. This was made up of a growth return of 11.65% and an income return of 0.99%%. These returns were calculated as at 31 May 2003.

What is Tower Wholesale - Security Focus Fund’s one-year total return?

Tower Wholesale - Security Focus Fund’s one-year total return is 12.48%. This was made up of a growth return of 6.61% and an income return of 5.87%. These returns were calculated as at 31 May 2003.

What is Tower Wholesale - Security Focus Fund’s three-year total return?

Tower Wholesale - Security Focus Fund’s one-year total return is 8.08%. This was made up of a growth return of 3.47% and an income return of 4.61%. These returns were calculated as at 31 May 2003.

What is the asset allocation of the Tower Wholesale - Security Focus Fund managed fund?

The asset allocation of the Tower Wholesale - Security Focus Fund managed fund is :

Australian Equities: 14%

International Equities: 7.50%

Cash: 26%

Property & Infrastructure: 6.50%

Fixed Interest: 46%

Alternatives: 0%

Who is the responsible Entity of the Tower Wholesale - Security Focus Fund managed fund?

The Responsible Entity for the Tower Wholesale - Security Focus Fund managed fund is Tower Australia Limited.

What sector/asset class does the Tower Wholesale - Security Focus Fund managed fund belong to?

The Tower Wholesale - Security Focus Fund managed fund belongs to the Multisector Moderate sector/asset class.

What is the size of the Tower Wholesale - Security Focus Fund managed fund?

As at 31 May 2003, the size of the Tower Wholesale - Security Focus Fund managed fund was $0.19 million.

What is the inception date of the Tower Wholesale - Security Focus Fund managed fund?

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

What is the current entry price of the Tower Wholesale - Security Focus Fund managed fund?

The current entry price of the Tower Wholesale - Security Focus Fund managed fund is $1.1098 per unit and the current exit price is $1.1053 per unit (as at 30 May 2003).

What is the current exit price of the Tower Wholesale - Security Focus Fund managed fund?

The current exit price of the Tower Wholesale - Security Focus Fund managed fund is $1.1053 per unit and the current entry price is $1.1098 per unit (as at 30 May 2003).

What is the minimum investment amount for the Tower Wholesale - Security Focus Fund managed fund?

The minimum initial investment amount for the Tower Wholesale - Security Focus 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.

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