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  5. Generation Life Tax Effective Growth - Managed fund profile

Generation Life Tax Effective Growth - Managed Fund

Fund Objective
To outperform (before tax and fees) our Investment Benchmark which is a weighted combination of relevant market indexes.
Fund Strategy
The fund invests in a selection of UMFs from the Bond's menu within the asset class indicative Allocation Ranges.

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 0.27% 0.74% 4.21% 14.8% 7.9% 2.88% 3.7% 4.31%
Growth return 0.27% 0.74% 4.21% 14.8% 7.9% 2.88% 3.7% 4.31%
Income return 0% 0% 0% 0% 0% 0% 0% 0%
Market index (Morningstar AUS Growth Tgt Alloc NR AUD)
Total return -0.43% 1.58% 7.38% 20.91% 12.04% 5.34% 6.61% 7.49%
As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Generation Life Tax Effective Growth
Australian Equities
25.18%
International Equities
35.31%
Cash
6.06%
Property
9.82%
Fixed Interest
23.64%
Alternatives
0%
Average Allocation of Peers
Australian Equities
27.52%
International Equities
34.02%
Cash
5.63%
Property
6.78%
Fixed Interest
21.64%
Alternatives
4.40%

General Information

Fund Details
Type Description
Generation Life Tax Effective Growth
Austock Life Limited
ALL0014AU
Multisector Growth
starstarstar (as at 31 Oct 2024)
Investment Fund
13 Aug 2004
$40.93 million (as at 31 Oct 2024)
$2.2837 (as at 19 Nov 2024)
$2.2755 (as at 19 Nov 2024)
Open
Offer information
Type Description
Standard entry fee 4%
MER 1.48% (as at 28 Feb 2023)
Indirect Cost Ratio (ICR) 1.48% (as at 30 Jun 2021)
Performance fee (not included in ICR) Not Available
Minimum initial investment $500.00
Minimum additional investments $1,000.00
Minimum redemption amount

Top 10 holdings (as at 31 Mar 2023)

Holding (as at 31 Mar 2023) Type % of Portfolio
Riml Russell Investments Private Asset Fund Mutual Fund - Unspecified 5.71%
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FAQs about the Generation Life Tax Effective Growth

The objective of the Generation Life Tax Effective Growth managed fund is To outperform (before tax and fees) our Investment Benchmark which is a weighted combination of relevant market indexes.

The strategy of the Generation Life Tax Effective Growth managed fund is The fund invests in a selection of UMFs from the Bond's menu within the asset class indicative Allocation Ranges.

The APIR code of the Generation Life Tax Effective Growth managed fund is ALL0014AU.

Generation Life Tax Effective Growth’s total return last month was 0.27%. This was made up of a growth return of 0.27% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

Generation Life Tax Effective Growth’s total return for the last three months was 0.74%. This was made up of a growth return of 0.74% and an income return of 0%%. These returns were calculated as at 31 Oct 2024.

Generation Life Tax Effective Growth’s one-year total return is 14.8%. This was made up of a growth return of 14.8% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

Generation Life Tax Effective Growth’s one-year total return is 2.88%. This was made up of a growth return of 2.88% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the Generation Life Tax Effective Growth managed fund is :

Australian Equities
25.18%
International Equities
35.31%
Cash
6.06%
Property
9.82%
Fixed Interest
23.64%
Alternatives
0%

The Responsible Entity for the Generation Life Tax Effective Growth managed fund is Austock Life Limited.

The Generation Life Tax Effective Growth managed fund belongs to the Multisector Growth sector/asset class.

As at 31 Oct 2024, the size of the Generation Life Tax Effective Growth managed fund was $40.93 million.

The Generation Life Tax Effective Growth managed fund has an inception date of 13 Aug 2004.

The current entry price of the Generation Life Tax Effective Growth managed fund is $2.2837 per unit and the current exit price is $2.2755 per unit (as at 19 Nov 2024).

The current exit price of the Generation Life Tax Effective Growth managed fund is $2.2755 per unit and the current entry price is $2.2837 per unit (as at 19 Nov 2024).

The minimum initial investment amount for the Generation Life Tax Effective Growth managed fund is $500. Minimum additional investment is $1000.

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.