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  5. UBS Australian Equity Income - Managed fund profile

UBS Australian Equity Income - Managed Fund (Closed)

Fund Objective
This Fund aims to provide investors with an income return (after management costs) in excess of the dividend yield on the S&P/ASX200 Index. In addition, this Fund aims to provide investors with tax adjusted total returns in excess of the adjusted S&P/ASX200 Accumulation Index when measured over rolling three to five year periods.
Fund Strategy
The fund has an absolute return objective and is focused on providing equity style income from an actively managed portfolio of securities listed on the ASX. The Fund may also invest in other UBS managed funds whose underlying investments are listed on the ASX. The Fund will seek to enhance the income distribution by focusing on imputation credits and other tax advantaged income, as well as via the use of derivative based instruments which may also be used as a means of protecting investor capital.

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% 0% -0.02% -15.19% 1.87% -14.42% -3.03% -%
Growth return 0% 0% -0.02% -24.62% -5.87% -21.55% -12.43% -%
Income return 0% 0% 0% 9.43% 7.74% 7.13% 9.4% -%
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 30 Nov 2010. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

UBS Australian Equity Income
Australian Equities
98.01%
Cash
1.38%
Property & Infrastructure
0.61%
International Equities
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.66%
Cash
-0.60%
Property & Infrastructure
1.40%
International Equities
4.67%
Fixed Interest
0.28%
Alternatives
0.59%

General Information

Fund Details
Type Description
UBS Australian Equity Income
Closed
UBS Asset Management (Australia) Ltd
UBS0007AU
Equity Australia Large Blend
star (as at 30 Nov 2010)
Investment Fund
4 Oct 2005
$0 million (as at 30 Nov 2010)
n/a
$0.5092 (as at 24 Dec 2010)
Finalised
Offer information
Type Description
Standard entry fee 3.30%
MER 0.80% (as at 30 Jun 2006)
Indirect Cost Ratio (ICR) 0.80% (as at 14 Apr 2009)
Minimum initial investment $20,000
Minimum additional investments $1,000.00
Minimum redemption amount

Top 10 holdings (as at 30 Apr 2010)

Holding (as at 30 Apr 2010) Type % of Portfolio
BHP Billiton Limited Equity 14.23%
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FAQs about the UBS Australian Equity Income

The objective of the UBS Australian Equity Income managed fund is This Fund aims to provide investors with an income return (after management costs) in excess of the dividend yield on the S&P/ASX200 Index. In addition, this Fund aims to provide investors with tax adjusted total returns in excess of the adjusted S&P/ASX200 Accumulation Index when measured over rolling three to five year periods.

The strategy of the UBS Australian Equity Income managed fund is The fund has an absolute return objective and is focused on providing equity style income from an actively managed portfolio of securities listed on the ASX. The Fund may also invest in other UBS managed funds whose underlying investments are listed on the ASX. The Fund will seek to enhance the income distribution by focusing on imputation credits and other tax advantaged income, as well as via the use of derivative based instruments which may also be used as a means of protecting investor capital.

The APIR code of the UBS Australian Equity Income managed fund is UBS0007AU.

UBS Australian Equity Income’s total return last month was 0%. This was made up of a growth return of 0% and an income return of 0%. These returns were calculated as at 30 Nov 2010.

UBS Australian Equity Income’s total return for the last three months was 0%. This was made up of a growth return of 0% and an income return of 0%%. These returns were calculated as at 30 Nov 2010.

UBS Australian Equity Income’s one-year total return is -15.19%. This was made up of a growth return of -24.62% and an income return of 9.43%. These returns were calculated as at 30 Nov 2010.

UBS Australian Equity Income’s one-year total return is -14.42%. This was made up of a growth return of -21.55% and an income return of 7.13%. These returns were calculated as at 30 Nov 2010.

The asset allocation of the UBS Australian Equity Income managed fund is :

Australian Equities
98.01%
Cash
1.38%
Property & Infrastructure
0.61%
International Equities
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the UBS Australian Equity Income managed fund is UBS Asset Management (Australia) Ltd.

The UBS Australian Equity Income managed fund belongs to the Equity Australia Large Blend sector/asset class.

As at 30 Nov 2010, the size of the UBS Australian Equity Income managed fund was $0 million.

The UBS Australian Equity Income managed fund has an inception date of 4 Oct 2005.

The current entry price of the UBS Australian Equity Income managed fund is $ per unit and the current exit price is $0.5092 per unit (as at 24 Dec 2010).

The current exit price of the UBS Australian Equity Income managed fund is $0.5092 per unit and the current entry price is $ per unit (as at 24 Dec 2010).

The minimum initial investment amount for the UBS Australian Equity Income managed fund is $20,000. Minimum additional investment is $1000.

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.