InvestSMART

Westpac Universal Life Income Accumulation - Managed Fund (Closed)

Fund Objective
The Income Accumulation Portfolio consists of a spread of assets chosen for their potential to provide high yield with security.
Fund Strategy
Typical portfolio assets include: bank interest bearing deposits, bank certificates of deposit, bank endorsed commercial bills, mortgages and debentures, cash and authorised unit trusts

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 0.05% 0.12% 0.14% 0.16% 0.11% 0.1% 0.22% 0.39%
Growth return 0.04% 0.08% 0.09% 0.11% 0.08% 0.24% 0.22% 0.39%
Income return 0.01% 0.04% 0.05% 0.05% 0.03% -0.14% 0% 0%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.29% 0.9% 1.85% 4.02% 4.2% 4.02% 2.58% 2.07%
As at 31 Jul 2022. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Westpac Universal Life Income Accumulation
Cash
100%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Cash
46.16%
Australian Equities
3.92%
International Equities
7.25%
Property & Infrastructure
1.84%
Fixed Interest
20.51%
Alternatives
20.33%

General Information

Fund Details
Type Description
Westpac Universal Life Income Accumulation
Closed
Westpac Life Insurance Services Limited
APC0201AU
Australian Cash
starstarstar (as at 31 Mar 2013)
Investment Fund
1 Jun 1987
$0 million (as at 30 Sep 2022)
$2.6141 (as at 29 Jul 2022)
$2.6141 (as at 29 Jul 2022)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.73% (as at 30 Jun 2021)
Performance fee (not included in ICR) 0
Minimum initial investment
Minimum additional investments
Minimum redemption amount

FAQs about the Westpac Universal Life Income Accumulation

The objective of the Westpac Universal Life Income Accumulation managed fund is The Income Accumulation Portfolio consists of a spread of assets chosen for their potential to provide high yield with security.

The strategy of the Westpac Universal Life Income Accumulation managed fund is Typical portfolio assets include: bank interest bearing deposits, bank certificates of deposit, bank endorsed commercial bills, mortgages and debentures, cash and authorised unit trusts

The APIR code of the Westpac Universal Life Income Accumulation managed fund is APC0201AU.

Westpac Universal Life Income Accumulation’s total return last month was 0.05%. This was made up of a growth return of 0.04% and an income return of 0.01%. These returns were calculated as at 31 Jul 2022.

Westpac Universal Life Income Accumulation’s total return for the last three months was 0.12%. This was made up of a growth return of 0.08% and an income return of 0.04%%. These returns were calculated as at 31 Jul 2022.

Westpac Universal Life Income Accumulation’s one-year total return is 0.16%. This was made up of a growth return of 0.11% and an income return of 0.05%. These returns were calculated as at 31 Jul 2022.

Westpac Universal Life Income Accumulation’s one-year total return is 0.1%. This was made up of a growth return of 0.24% and an income return of -0.14%. These returns were calculated as at 31 Jul 2022.

The asset allocation of the Westpac Universal Life Income Accumulation managed fund is :

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

The Responsible Entity for the Westpac Universal Life Income Accumulation managed fund is Westpac Life Insurance Services Limited.

The Westpac Universal Life Income Accumulation managed fund belongs to the Australian Cash sector/asset class.

As at 30 Sep 2022, the size of the Westpac Universal Life Income Accumulation managed fund was $0 million.

The Westpac Universal Life Income Accumulation managed fund has an inception date of 1 Jun 1987.

The current entry price of the Westpac Universal Life Income Accumulation managed fund is $2.6141 per unit and the current exit price is $2.6141 per unit (as at 29 Jul 2022).

The current exit price of the Westpac Universal Life Income Accumulation managed fund is $2.6141 per unit and the current entry price is $2.6141 per unit (as at 29 Jul 2022).

The minimum initial investment amount for the Westpac Universal Life Income Accumulation managed fund is $0. Minimum additional investment is $0.

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.