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  5. BlackRock Direct Property E - Managed fund profile

BlackRock Direct Property E - Managed Fund (Closed)

Fund Objective
The investment objective of the Fund will be achieved by investing in the Merrill Lynch Property Trust ('the Property Trust') which is a wholesale direct property fund managed by us.
Fund Strategy
The Property Trust is invested predominantly in a portfolio of direct property and may also invest up to 25% of its assets in unlisted property 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 0.62% 0.4% 2.55% 1.28% 3.69% 5.11% -1.91% -%
Growth return 0.62% -2.3% -1.87% -5.96% -3.24% -2.15% -8.13% -%
Income return 0% 2.7% 4.42% 7.24% 6.93% 7.26% 6.22% -%
Market index (S&P/ASX 200 A-REIT TR)
Total return -2.51% 4.46% 14.2% 52.18% 21.11% 8.02% 6.24% 9.27%
As at 31 Oct 2012. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

BlackRock Direct Property E
Cash
7.27%
Property
92.73%
Australian Equities
0%
International Equities
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Cash
1.83%
Property
95.02%
Australian Equities
2.12%
International Equities
0.75%
Fixed Interest
0.25%
Alternatives
0.04%

General Information

Fund Details
Type Description
BlackRock Direct Property E (Wholesale)
Closed
BlackRock Investment Mgmt (AUS) Ltd
MAL0021AU
Unlisted and Direct Property
starstarstar (as at 28 Feb 2011)
Investment Fund
12 May 2004
$11.18 million (as at 31 May 2013)
$0.66379 (as at 17 Jun 2013)
$0.66379 (as at 17 Jun 2013)
Finalised
Offer information
Type Description
MER 0.90% (as at 30 Jun 2006)
Indirect Cost Ratio (ICR) 0.92% (as at 30 Jun 2011)
Minimum initial investment $500,000

FAQs about the BlackRock Direct Property E

The objective of the BlackRock Direct Property E managed fund is The investment objective of the Fund will be achieved by investing in the Merrill Lynch Property Trust ('the Property Trust') which is a wholesale direct property fund managed by us.

The strategy of the BlackRock Direct Property E managed fund is The Property Trust is invested predominantly in a portfolio of direct property and may also invest up to 25% of its assets in unlisted property trusts.

The APIR code of the BlackRock Direct Property E managed fund is MAL0021AU.

BlackRock Direct Property E’s total return last month was 0.62%. This was made up of a growth return of 0.62% and an income return of 0%. These returns were calculated as at 31 Oct 2012.

BlackRock Direct Property E’s total return for the last three months was 0.4%. This was made up of a growth return of -2.3% and an income return of 2.7%%. These returns were calculated as at 31 Oct 2012.

BlackRock Direct Property E’s one-year total return is 1.28%. This was made up of a growth return of -5.96% and an income return of 7.24%. These returns were calculated as at 31 Oct 2012.

BlackRock Direct Property E’s one-year total return is 5.11%. This was made up of a growth return of -2.15% and an income return of 7.26%. These returns were calculated as at 31 Oct 2012.

The asset allocation of the BlackRock Direct Property E managed fund is :

Cash
7.27%
Property
92.73%
Australian Equities
0%
International Equities
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the BlackRock Direct Property E managed fund is BlackRock Investment Mgmt (AUS) Ltd.

The BlackRock Direct Property E managed fund belongs to the Unlisted and Direct Property sector/asset class.

As at 31 May 2013, the size of the BlackRock Direct Property E managed fund was $11.18 million.

The BlackRock Direct Property E managed fund has an inception date of 12 May 2004.

The current entry price of the BlackRock Direct Property E managed fund is $0.66379 per unit and the current exit price is $0.66379 per unit (as at 17 Jun 2013).

The current exit price of the BlackRock Direct Property E managed fund is $0.66379 per unit and the current entry price is $0.66379 per unit (as at 17 Jun 2013).

The minimum initial investment amount for the BlackRock Direct Property E managed fund is $500,000.

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.