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  5. Altair Advantage Fund - Managed fund profile

Altair Advantage Fund - Managed Fund (Closed)

Fund Objective
The Fund aims to outperform the S&P/ASX200 Accumulation Index, after fees and costs and before tax, over rolling three year periods, and provide capital growth over the medium to long term.
Fund Strategy
The Fund invests in a small number of shares (15-35) primarily within the S&P/ASX 200 Index that are undervalued and possess capital growth opportunities. Investors have convenient access to their investment information with regular reporting, including half-yearly income distribution statements and annual tax statements.

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 1.18% 5.23% 9.77% 14.19% 6.59% 7.78% -% -%
Growth return 1.18% 5.23% 8.15% 9.07% 0.8% 2.36% -% -%
Income return 0% 0% 1.62% 5.12% 5.79% 5.42% -% -%
Market index (S&P/ASX 200 TR AUD)
Total return -1.31% 2.1% 8.44% 24.89% 13.39% 8.01% 8.17% 8.32%
As at 30 Apr 2017. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Altair Advantage Fund
Australian Equities
97.89%
Cash
2.11%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.38%
Cash
-0.10%
International Equities
4.21%
Property
2.11%
Fixed Interest
0.40%
Alternatives
0.01%

General Information

Fund Details
Type Description
Altair Advantage Fund (Wholesale)
Closed
Altair Assets Ltd
PAR0004AU
Equity Australia Large Blend
starstarstarstar (as at 30 Apr 2017)
Investment Fund
3 Mar 2014
$4.08 million (as at 31 Mar 2017)
$1.0686 (as at 18 May 2017)
$1.0632 (as at 18 May 2017)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.26% (as at 30 Jun 2016)
Minimum initial investment $50,000
Minimum additional investments $5,000.00
Minimum redemption amount $5,000.00

Top 10 holdings (as at 31 Mar 2017)

Holding (as at 31 Mar 2017) Type % of Portfolio
National Australia Bank Ltd Equity 11.13%
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FAQs about the Altair Advantage Fund

The objective of the Altair Advantage Fund managed fund is The Fund aims to outperform the S&P/ASX200 Accumulation Index, after fees and costs and before tax, over rolling three year periods, and provide capital growth over the medium to long term.

The strategy of the Altair Advantage Fund managed fund is The Fund invests in a small number of shares (15-35) primarily within the S&P/ASX 200 Index that are undervalued and possess capital growth opportunities. Investors have convenient access to their investment information with regular reporting, including half-yearly income distribution statements and annual tax statements.

The APIR code of the Altair Advantage Fund managed fund is PAR0004AU.

Altair Advantage Fund’s total return last month was 1.18%. This was made up of a growth return of 1.18% and an income return of 0%. These returns were calculated as at 30 Apr 2017.

Altair Advantage Fund’s total return for the last three months was 5.23%. This was made up of a growth return of 5.23% and an income return of 0%%. These returns were calculated as at 30 Apr 2017.

Altair Advantage Fund’s one-year total return is 14.19%. This was made up of a growth return of 9.07% and an income return of 5.12%. These returns were calculated as at 30 Apr 2017.

Altair Advantage Fund’s one-year total return is 7.78%. This was made up of a growth return of 2.36% and an income return of 5.42%. These returns were calculated as at 30 Apr 2017.

The asset allocation of the Altair Advantage Fund managed fund is :

Australian Equities
97.89%
Cash
2.11%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Altair Advantage Fund managed fund is Altair Assets Ltd.

The Altair Advantage Fund managed fund belongs to the Equity Australia Large Blend sector/asset class.

As at 31 Mar 2017, the size of the Altair Advantage Fund managed fund was $4.08 million.

The Altair Advantage Fund managed fund has an inception date of 3 Mar 2014.

The current entry price of the Altair Advantage Fund managed fund is $1.0686 per unit and the current exit price is $1.0632 per unit (as at 18 May 2017).

The current exit price of the Altair Advantage Fund managed fund is $1.0632 per unit and the current entry price is $1.0686 per unit (as at 18 May 2017).

The minimum initial investment amount for the Altair Advantage Fund managed fund is $50,000. Minimum additional investment is $5000.

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.