InvestSMART

United Investment Service - Cash - Managed Fund (Closed)

Fund Objective
To provide a very secure income stream with minimal potential for capital loss or gain. The objective is to earn a rate of return (before tax, fees and other ongoing expenses) which is equal to the rate of increase in the UBS Warburg Bank Bill Index over rolling three year periods.
Fund Strategy
Investments are divided between cash investments, which are deposited at call or in short-term deposits, securities such as bank-bills with maturities up to 90 days, and units held in a United wholesale Australian equity fund. This risk resulting from this enhancement (by way of the United wholesale Australian equity fund investment) is correspondingly minimised through the use of futures, to offset the share exposure.

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 0.22% 1.29% 3.03% 7.26% 6.97% 5.98% 5.13% -%
Growth return 0.22% 0.37% 0.9% -3.74% -8.99% -6.25% -3.33% -%
Income return 0% 0.92% 2.13% 11% 15.96% 12.23% 8.46% -%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.3% 0.91% 1.89% 4.11% 4.28% 4.07% 2.58% 2.09%
As at 31 May 2002. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

United Investment Service - Cash
Cash
100%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Cash
19.59%
Australian Equities
0.03%
International Equities
0.03%
Property & Infrastructure
1.03%
Fixed Interest
79.32%
Alternatives
0%

General Information

Fund Details
Type Description
United Investment Service - Cash
Closed
United Funds Management Limited
UFM0003AU
Australian Short Term Fixed Interest
Not Rated
Investment Fund
9 May 1996
$0.39 million (as at 31 Mar 2002)
$1.0087 (as at 22 Jul 2002)
$1.0087 (as at 22 Jul 2002)
Finalised
Offer information
Type Description
MER 1.20% (as at 30 Jun 1996)
Minimum initial investment $2,000.00

FAQs about the United Investment Service - Cash

The objective of the United Investment Service - Cash managed fund is To provide a very secure income stream with minimal potential for capital loss or gain. The objective is to earn a rate of return (before tax, fees and other ongoing expenses) which is equal to the rate of increase in the UBS Warburg Bank Bill Index over rolling three year periods.

The strategy of the United Investment Service - Cash managed fund is Investments are divided between cash investments, which are deposited at call or in short-term deposits, securities such as bank-bills with maturities up to 90 days, and units held in a United wholesale Australian equity fund. This risk resulting from this enhancement (by way of the United wholesale Australian equity fund investment) is correspondingly minimised through the use of futures, to offset the share exposure.

The APIR code of the United Investment Service - Cash managed fund is UFM0003AU.

United Investment Service - Cash’s total return last month was 0.22%. This was made up of a growth return of 0.22% and an income return of 0%. These returns were calculated as at 31 May 2002.

United Investment Service - Cash’s total return for the last three months was 1.29%. This was made up of a growth return of 0.37% and an income return of 0.92%%. These returns were calculated as at 31 May 2002.

United Investment Service - Cash’s one-year total return is 7.26%. This was made up of a growth return of -3.74% and an income return of 11%. These returns were calculated as at 31 May 2002.

United Investment Service - Cash’s one-year total return is 5.98%. This was made up of a growth return of -6.25% and an income return of 12.23%. These returns were calculated as at 31 May 2002.

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

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

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

The United Investment Service - Cash managed fund belongs to the Australian Short Term Fixed Interest sector/asset class.

As at 31 Mar 2002, the size of the United Investment Service - Cash managed fund was $0.39 million.

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

The current entry price of the United Investment Service - Cash managed fund is $1.0087 per unit and the current exit price is $1.0087 per unit (as at 22 Jul 2002).

The current exit price of the United Investment Service - Cash managed fund is $1.0087 per unit and the current entry price is $1.0087 per unit (as at 22 Jul 2002).

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