Concord Australian Equity - Managed Fund (Closed)

Fund Objective

The Fund's investment objective is to seek to achieve a medium to long-term (at least three to five years) total return before fees and expenses that exceeds the S&P/ASX 200 Accumulation Index.

Fund Strategy

The Fund is managed in accordance with the Manager's Australian equities investment strategy which offers a concentrated portfolio of approximately 25 to 40 stocks which the Manager believes are superior businesses and have promising long-term performance prospects.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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Fees Comparison

% p.a.

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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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.26%	1.93%	7.46%	-1.98%	20%	2.26%	3.73%	-%
Growth return	0.26%	1.93%	4.75%	-4.61%	16.6%	-2.17%	-1.67%	-%
Income return	0%	0%	2.71%	2.63%	3.4%	4.43%	5.4%	-%
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 31 Mar 2011. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Concord Australian Equity

Australian Equities: 96.04%

Cash: 2.15%

Property: 1.81%

International Equities: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 93.29%

Cash: -0.11%

Property: 2.11%

International Equities: 4.30%

Fixed Interest: 0.40%

Alternatives: 0.01%

General Information

Fund Details

Type	Description
Fund Name	Concord Australian Equity (Wholesale)
Fund Status	Closed
Responsible Entity	Concord Capital Limited
APIR Code	MAQ0424AU
Sector/Asset Class	Equity Australia Large Growth
Morningstar Rating	(as at 31 Mar 2011)
Legal Structure	Investment Fund
Fund Inception	31 Oct 2005
Fund Size	$17.84 million (as at 31 Mar 2011)
Entry Price	$1.0805 (as at 15 Apr 2011)
Exit Price	$1.0743 (as at 15 Apr 2011)
Fund Status	Finalised

Offer information

Type	Description
MER	1.08% (as at 30 Jun 2006)
Indirect Cost Ratio (ICR)	1.08% (as at 30 Jun 2010)
Minimum initial investment	$50,000

Top 10 holdings (as at 30 Nov 2010)

Holding (as at 30 Nov 2010)	Type	% of Portfolio
BHP Billiton Limited	Equity	15.31%
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FAQs about the Concord Australian Equity

What is the objective of the Concord Australian Equity managed fund?

The objective of the Concord Australian Equity managed fund is The Fund's investment objective is to seek to achieve a medium to long-term (at least three to five years) total return before fees and expenses that exceeds the S&P/ASX 200 Accumulation Index.

What is the strategy for the Concord Australian Equity managed fund?

The strategy of the Concord Australian Equity managed fund is The Fund is managed in accordance with the Manager's Australian equities investment strategy which offers a concentrated portfolio of approximately 25 to 40 stocks which the Manager believes are superior businesses and have promising long-term performance prospects.

What is the APIR code of the Concord Australian Equity managed fund?

The APIR code of the Concord Australian Equity managed fund is MAQ0424AU.

What was Concord Australian Equity’s total return last month?

Concord Australian Equity’s total return last month was 0.26%. This was made up of a growth return of 0.26% and an income return of 0%. These returns were calculated as at 31 Mar 2011.

What was Concord Australian Equity’s total return for the last three months?

Concord Australian Equity’s total return for the last three months was 1.93%. This was made up of a growth return of 1.93% and an income return of 0%%. These returns were calculated as at 31 Mar 2011.

What is Concord Australian Equity’s one-year total return?

Concord Australian Equity’s one-year total return is -1.98%. This was made up of a growth return of -4.61% and an income return of 2.63%. These returns were calculated as at 31 Mar 2011.

What is Concord Australian Equity’s three-year total return?

Concord Australian Equity’s one-year total return is 2.26%. This was made up of a growth return of -2.17% and an income return of 4.43%. These returns were calculated as at 31 Mar 2011.

What is the asset allocation of the Concord Australian Equity managed fund?

The asset allocation of the Concord Australian Equity managed fund is :

Australian Equities: 96.04%

Cash: 2.15%

Property: 1.81%

International Equities: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Concord Australian Equity managed fund?

The Responsible Entity for the Concord Australian Equity managed fund is Concord Capital Limited.

What sector/asset class does the Concord Australian Equity managed fund belong to?

The Concord Australian Equity managed fund belongs to the Equity Australia Large Growth sector/asset class.

What is the size of the Concord Australian Equity managed fund?

As at 31 Mar 2011, the size of the Concord Australian Equity managed fund was $17.84 million.

What is the inception date of the Concord Australian Equity managed fund?

The Concord Australian Equity managed fund has an inception date of 31 Oct 2005.

What is the current entry price of the Concord Australian Equity managed fund?

The current entry price of the Concord Australian Equity managed fund is $1.0805 per unit and the current exit price is $1.0743 per unit (as at 15 Apr 2011).

What is the current exit price of the Concord Australian Equity managed fund?

The current exit price of the Concord Australian Equity managed fund is $1.0743 per unit and the current entry price is $1.0805 per unit (as at 15 Apr 2011).

What is the minimum investment amount for the Concord Australian Equity managed fund?

The minimum initial investment amount for the Concord Australian Equity managed fund is $50,000.

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.

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