InvestSMART

United Investment Service - Balanced - Managed Fund (Closed)

Fund Objective
To earn a rate of return (before tax but after fees and expenses) of 2% pa above the rate of increase in the CPI over rolling five year periods and to earn a non-negative rate of return (after tax and expenses) over rolling three year periods. The emphasis is on a balanced combination of income and capital growth. Minimum suggested investment timeframe 4 years.
Fund Strategy
Invests in United wholesale funds which invest in a mix of money-market, bond, Australian and international shares, and property trust investments. Indicative asset mix: Australian shares 33%, international shares 16%, listed property 10%, fixed interest and cash 41%.

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 0.18% -0.59% -0.04% 0.2% 4.52% 5.16% 5.23% -%
Growth return 0.18% -1.62% -1.77% -5.26% -4.32% -2.24% -1.19% -%
Income return 0% 1.03% 1.73% 5.46% 8.84% 7.4% 6.42% -%
Market index (Morningstar AUS Growth Tgt Alloc NR AUD)
Total return 0.38% -0.09% 4.07% 8.34% 11.24% 10.63% 8.07% 8.42%
As at 31 May 2002. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

United Investment Service - Balanced
Australian Equities
33.60%
International Equities
19.20%
Cash
12.10%
Property & Infrastructure
7.40%
Fixed Interest
27.70%
Alternatives
0%
Average Allocation of Peers
Australian Equities
41.70%
International Equities
23.83%
Cash
3.74%
Property & Infrastructure
5.86%
Fixed Interest
19.67%
Alternatives
5.21%

General Information

Fund Details
Type Description
United Investment Service - Balanced
Closed
United Funds Management Limited
UFM0002AU
Multisector Growth
Not Rated
Investment Fund
9 May 1996
$9.79 million (as at 31 Mar 2002)
$0.8925 (as at 22 Jul 2002)
$0.8925 (as at 22 Jul 2002)
Finalised
Offer information
Type Description
MER 1.95% (as at 30 Jun 1996)
Minimum initial investment $2,000.00
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FAQs about the United Investment Service - Balanced

The objective of the United Investment Service - Balanced managed fund is To earn a rate of return (before tax but after fees and expenses) of 2% pa above the rate of increase in the CPI over rolling five year periods and to earn a non-negative rate of return (after tax and expenses) over rolling three year periods. The emphasis is on a balanced combination of income and capital growth. Minimum suggested investment timeframe 4 years.

The strategy of the United Investment Service - Balanced managed fund is Invests in United wholesale funds which invest in a mix of money-market, bond, Australian and international shares, and property trust investments. Indicative asset mix: Australian shares 33%, international shares 16%, listed property 10%, fixed interest and cash 41%.

The APIR code of the United Investment Service - Balanced managed fund is UFM0002AU.

United Investment Service - Balanced’s total return last month was 0.18%. This was made up of a growth return of 0.18% and an income return of 0%. These returns were calculated as at 31 May 2002.

United Investment Service - Balanced’s total return for the last three months was -0.59%. This was made up of a growth return of -1.62% and an income return of 1.03%%. These returns were calculated as at 31 May 2002.

United Investment Service - Balanced’s one-year total return is 0.2%. This was made up of a growth return of -5.26% and an income return of 5.46%. These returns were calculated as at 31 May 2002.

United Investment Service - Balanced’s one-year total return is 5.16%. This was made up of a growth return of -2.24% and an income return of 7.4%. These returns were calculated as at 31 May 2002.

The asset allocation of the United Investment Service - Balanced managed fund is :

Australian Equities
33.60%
International Equities
19.20%
Cash
12.10%
Property & Infrastructure
7.40%
Fixed Interest
27.70%
Alternatives
0%

The Responsible Entity for the United Investment Service - Balanced managed fund is United Funds Management Limited.

The United Investment Service - Balanced managed fund belongs to the Multisector Growth sector/asset class.

As at 31 Mar 2002, the size of the United Investment Service - Balanced managed fund was $9.79 million.

The United Investment Service - Balanced managed fund has an inception date of 9 May 1996.

The current entry price of the United Investment Service - Balanced managed fund is $0.8925 per unit and the current exit price is $0.8925 per unit (as at 22 Jul 2002).

The current exit price of the United Investment Service - Balanced managed fund is $0.8925 per unit and the current entry price is $0.8925 per unit (as at 22 Jul 2002).

The minimum initial investment amount for the United Investment Service - Balanced 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.