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  5. Advance Global Alpha Wholesale - Managed fund profile

Advance Global Alpha Wholesale - Managed Fund (Closed)

Fund Objective
The Fund aims to achieve returns of 10% p.a. (before fees and taxes) above its benchmark (60% Morgan Stanley Capital International World Accumulation Index (currency unhedged to the Australian dollar) and 40% Citigroup World Government Bond Index - currency hedged back to Australian dollars)) over the medium to long term.
Fund Strategy
The Fund aims to construct a diversified portfolio by gaining exposure to long and short positions across currency, industry, equity and bond markets via physical securities and derivatives. The Fund's exposure includes: - A wide range of global equities of those developed countries included in the MSCI World Index. - A wide range of global fixed interest of those developed countries represented in the Citigroup Index. - Cash and currency of those developed countries included in the MSCI World and Citigroup Indices.

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 -0.19% -1.11% -2.26% -4.22% -2.08% 0.36% 1.35% 0.04%
Growth return -0.19% -1.11% -2.26% -4.22% -2.08% 0.36% 1.35% -0.95%
Income return 0% 0% 0% 0% 0% 0% 0% 0.99%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.3% 0.91% 1.91% 4.09% 4.22% 4% 2.52% 2.06%
As at 30 Jun 2016. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Advance Global Alpha Wholesale
Alternatives
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Fixed Interest
0%
Average Allocation of Peers
Alternatives
22.40%
Australian Equities
3.95%
International Equities
6.74%
Cash
44.79%
Property & Infrastructure
1.44%
Fixed Interest
20.69%

General Information

Fund Details
Type Description
Advance Global Alpha Wholesale
Closed
Advance Asset Management Limited
ADV0117AU
Alternative - Multistrategy
starstarstar (as at 31 Mar 2015)
Investment Fund
16 Sep 2005
$0.43 million (as at 31 May 2017)
$0.1219 (as at 31 May 2017)
$0.1211 (as at 31 May 2017)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 0.95% (as at 30 Jun 2016)
Performance fee (not included in ICR) 0.01
Minimum initial investment $10,000.00
Minimum additional investments $10,000.00
Minimum redemption amount $10,000.00

Top 10 holdings (as at 31 Dec 2010)

Holding (as at 31 Dec 2010) Type % of Portfolio
Wbc Ncd 25feb11 Bond - Corporate Bond 12.75%
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FAQs about the Advance Global Alpha Wholesale

The objective of the Advance Global Alpha Wholesale managed fund is The Fund aims to achieve returns of 10% p.a. (before fees and taxes) above its benchmark (60% Morgan Stanley Capital International World Accumulation Index (currency unhedged to the Australian dollar) and 40% Citigroup World Government Bond Index - currency hedged back to Australian dollars)) over the medium to long term.

The strategy of the Advance Global Alpha Wholesale managed fund is The Fund aims to construct a diversified portfolio by gaining exposure to long and short positions across currency, industry, equity and bond markets via physical securities and derivatives. The Fund's exposure includes: - A wide range of global equities of those developed countries included in the MSCI World Index. - A wide range of global fixed interest of those developed countries represented in the Citigroup Index. - Cash and currency of those developed countries included in the MSCI World and Citigroup Indices.

The APIR code of the Advance Global Alpha Wholesale managed fund is ADV0117AU.

Advance Global Alpha Wholesale’s total return last month was -0.19%. This was made up of a growth return of -0.19% and an income return of 0%. These returns were calculated as at 30 Jun 2016.

Advance Global Alpha Wholesale’s total return for the last three months was -1.11%. This was made up of a growth return of -1.11% and an income return of 0%%. These returns were calculated as at 30 Jun 2016.

Advance Global Alpha Wholesale’s one-year total return is -4.22%. This was made up of a growth return of -4.22% and an income return of 0%. These returns were calculated as at 30 Jun 2016.

Advance Global Alpha Wholesale’s one-year total return is 0.36%. This was made up of a growth return of 0.36% and an income return of 0%. These returns were calculated as at 30 Jun 2016.

The asset allocation of the Advance Global Alpha Wholesale managed fund is :

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

The Responsible Entity for the Advance Global Alpha Wholesale managed fund is Advance Asset Management Limited.

The Advance Global Alpha Wholesale managed fund belongs to the Alternative - Multistrategy sector/asset class.

As at 31 May 2017, the size of the Advance Global Alpha Wholesale managed fund was $0.43 million.

The Advance Global Alpha Wholesale managed fund has an inception date of 16 Sep 2005.

The current entry price of the Advance Global Alpha Wholesale managed fund is $0.1219 per unit and the current exit price is $0.1211 per unit (as at 31 May 2017).

The current exit price of the Advance Global Alpha Wholesale managed fund is $0.1211 per unit and the current entry price is $0.1219 per unit (as at 31 May 2017).

The minimum initial investment amount for the Advance Global Alpha Wholesale managed fund is $10,000. Minimum additional investment is $10000.

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.