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  5. United Sector Leaders Alternatives Fund - Managed fund profile

United Sector Leaders Alternatives Fund - Managed Fund (Closed)

Fund Objective
To achieve a return (before investment management fees) of at least 3.0% per annum above the return on bank bills as measured by the UBSWA Bank Bill index over rolling five year periods.
Fund Strategy
The Fund's asset allocation ranges are 0-100% for Cash assets and 0-100% for Alternative assets. The strategic asset allocation for the Fund is 100% investment in Alternative assets and 0% investment in Cash assets.

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 2.12% 2.51% 6.35% 18.99% 17.57% -% -% -%
Growth return 2.12% 2.51% 6.35% -8.35% 3.07% -% -% -%
Income return 0% 0% 0% 27.34% 14.5% -% -% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.31% 0.92% 1.92% 4.15% 4.24% 3.96% 2.46% 2.04%
As at 30 Apr 2011. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

United Sector Leaders Alternatives Fund
Cash
35.84%
Alternatives
64.16%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Average Allocation of Peers
Cash
44.85%
Alternatives
21.92%
Australian Equities
3.95%
International Equities
6.68%
Property & Infrastructure
1.86%
Fixed Interest
20.74%

General Information

Fund Details
Type Description
United Sector Leaders Alternatives Fund (Wholesale)
Closed
United Funds Management Limited
UFM0061AU
Miscellaneous
Not Rated
Investment Fund
1 Nov 2008
$211.46 million (as at 29 Apr 2011)
$1.158 (as at 29 Apr 2011)
$1.1522 (as at 29 Apr 2011)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.69% (as at 30 Jun 2011)
Performance fee (not included in ICR) 0
Minimum initial investment $100,000
Minimum additional investments $1,000.00
Minimum redemption amount

FAQs about the United Sector Leaders Alternatives Fund

The objective of the United Sector Leaders Alternatives Fund managed fund is To achieve a return (before investment management fees) of at least 3.0% per annum above the return on bank bills as measured by the UBSWA Bank Bill index over rolling five year periods.

The strategy of the United Sector Leaders Alternatives Fund managed fund is The Fund's asset allocation ranges are 0-100% for Cash assets and 0-100% for Alternative assets. The strategic asset allocation for the Fund is 100% investment in Alternative assets and 0% investment in Cash assets.

The APIR code of the United Sector Leaders Alternatives Fund managed fund is UFM0061AU.

United Sector Leaders Alternatives Fund’s total return last month was 2.12%. This was made up of a growth return of 2.12% and an income return of 0%. These returns were calculated as at 30 Apr 2011.

United Sector Leaders Alternatives Fund’s total return for the last three months was 2.51%. This was made up of a growth return of 2.51% and an income return of 0%%. These returns were calculated as at 30 Apr 2011.

United Sector Leaders Alternatives Fund’s one-year total return is 18.99%. This was made up of a growth return of -8.35% and an income return of 27.34%. These returns were calculated as at 30 Apr 2011.

United Sector Leaders Alternatives Fund’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 30 Apr 2011.

The asset allocation of the United Sector Leaders Alternatives Fund managed fund is :

Cash
35.84%
Alternatives
64.16%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%

The Responsible Entity for the United Sector Leaders Alternatives Fund managed fund is United Funds Management Limited.

The United Sector Leaders Alternatives Fund managed fund belongs to the Miscellaneous sector/asset class.

As at 29 Apr 2011, the size of the United Sector Leaders Alternatives Fund managed fund was $211.46 million.

The United Sector Leaders Alternatives Fund managed fund has an inception date of 1 Nov 2008.

The current entry price of the United Sector Leaders Alternatives Fund managed fund is $1.158 per unit and the current exit price is $1.1522 per unit (as at 29 Apr 2011).

The current exit price of the United Sector Leaders Alternatives Fund managed fund is $1.1522 per unit and the current entry price is $1.158 per unit (as at 29 Apr 2011).

The minimum initial investment amount for the United Sector Leaders Alternatives Fund managed fund is $100,000. 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.