United Listed Property - Managed Fund (Closed)

Fund Objective

To provide income and capital growth of your investment over the long term by investing in a diversified portfolio of Australian property securities managers, and to achieve a total return after fees in excess of the S&P/ASX 300 Property Accumulation Index over a rolling 5 year period.

Fund Strategy

The trust generally gains its investment exposure to the Australian property securities markets by investing in a diversified portfolio of property securities managers. The trust's investments provide exposure to Australian listed or soon to be listed property securities within the S&P/ASX 300 Property Accumulation Index.

Fund Performance Comparison

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Peers

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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	4.05%	14.16%	-16.65%	-54.36%	-43.45%	-24.57%	-10.95%	-%
Growth return	4.05%	12.36%	-17.97%	-58.03%	-50.23%	-32.3%	-19.21%	-%
Income return	0%	1.8%	1.32%	3.67%	6.78%	7.73%	8.26%	-%
Market index (S&P/ASX 200 A-REIT TR)
Total return	-2.66%	-4.58%	-2.84%	1.61%	11.53%	11.08%	9.16%	7.51%

As at 31 May 2009. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

United Listed Property

Cash: 5.36%

Property & Infrastructure: 94.64%

Australian Equities: 0%

International Equities: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Cash: 1.57%

Property & Infrastructure: 92.90%

Australian Equities: 3.74%

International Equities: 0.48%

Fixed Interest: 0%

Alternatives: 1.30%

General Information

Fund Details

Type	Description
Fund Name	United Listed Property
Fund Status	Closed
Responsible Entity	United Funds Management Limited
APIR Code	UFM0050AU
Sector/Asset Class	Equity Australia Real Estate
Morningstar Rating	(as at 31 May 2009)
Legal Structure	Investment Fund
Fund Inception	24 May 2002
Fund Size	$0.32 million (as at 19 Jun 2009)
Entry Price	$0.348 (as at 22 Jun 2009)
Exit Price	$0.3463 (as at 22 Jun 2009)
Fund Status	Finalised

Offer information

Type	Description
Standard entry fee	4.10%
MER	2.04% (as at 30 Jun 2005)
Indirect Cost Ratio (ICR) - Estimated	2.60% (as at 30 Sep 2008) (Estimated)
Minimum initial investment	$5,000.00
Minimum additional investments	$1,000.00

Top 10 holdings (as at 31 Aug 2009)

Holding (as at 31 Aug 2009)	Type	% of Portfolio
Westfield Grp	Equity - REIT	31.83%
Login now to view the complete list of holdings.

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FAQs about the United Listed Property

What is the objective of the United Listed Property managed fund?

The objective of the United Listed Property managed fund is To provide income and capital growth of your investment over the long term by investing in a diversified portfolio of Australian property securities managers, and to achieve a total return after fees in excess of the S&P/ASX 300 Property Accumulation Index over a rolling 5 year period.

What is the strategy for the United Listed Property managed fund?

The strategy of the United Listed Property managed fund is The trust generally gains its investment exposure to the Australian property securities markets by investing in a diversified portfolio of property securities managers. The trust's investments provide exposure to Australian listed or soon to be listed property securities within the S&P/ASX 300 Property Accumulation Index.

What is the APIR code of the United Listed Property managed fund?

The APIR code of the United Listed Property managed fund is UFM0050AU.

What was United Listed Property’s total return last month?

United Listed Property’s total return last month was 4.05%. This was made up of a growth return of 4.05% and an income return of 0%. These returns were calculated as at 31 May 2009.

What was United Listed Property’s total return for the last three months?

United Listed Property’s total return for the last three months was 14.16%. This was made up of a growth return of 12.36% and an income return of 1.8%%. These returns were calculated as at 31 May 2009.

What is United Listed Property’s one-year total return?

United Listed Property’s one-year total return is -54.36%. This was made up of a growth return of -58.03% and an income return of 3.67%. These returns were calculated as at 31 May 2009.

What is United Listed Property’s three-year total return?

United Listed Property’s one-year total return is -24.57%. This was made up of a growth return of -32.3% and an income return of 7.73%. These returns were calculated as at 31 May 2009.

What is the asset allocation of the United Listed Property managed fund?

The asset allocation of the United Listed Property managed fund is :

Cash: 5.36%

Property & Infrastructure: 94.64%

Australian Equities: 0%

International Equities: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the United Listed Property managed fund?

The Responsible Entity for the United Listed Property managed fund is United Funds Management Limited.

What sector/asset class does the United Listed Property managed fund belong to?

The United Listed Property managed fund belongs to the Equity Australia Real Estate sector/asset class.

What is the size of the United Listed Property managed fund?

As at 19 Jun 2009, the size of the United Listed Property managed fund was $0.32 million.

What is the inception date of the United Listed Property managed fund?

The United Listed Property managed fund has an inception date of 24 May 2002.

What is the current entry price of the United Listed Property managed fund?

The current entry price of the United Listed Property managed fund is $0.348 per unit and the current exit price is $0.3463 per unit (as at 22 Jun 2009).

What is the current exit price of the United Listed Property managed fund?

The current exit price of the United Listed Property managed fund is $0.3463 per unit and the current entry price is $0.348 per unit (as at 22 Jun 2009).

What is the minimum investment amount for the United Listed Property managed fund?

The minimum initial investment amount for the United Listed Property managed fund is $5,000. 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.

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