GMO Australian Equity Trust - Managed Fund (Closed)

Fund Objective

The Trust is invested in Australian equity securities selected with the aim of producing a portfolio that outperforms the S&P/ASX 300 Accumulation Index. The Manager targets to outperform the S&P/ASX 300 Accumulation Index by 2.5% per annum over a full market cycle with a tracking error of 3% per annum, before taking into account Trust fees and expenses.

Fund Strategy

Quantitative techniques are used to determine the selection of securities in the portfolio, and the Manager actively controls portfolio risk through an optimisation process which analyses the trade-off between anticipated returns and each security's contribution to portfolio volatility.

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	2.27%	8.34%	10.38%	-6.6%	-3.11%	8.63%	-4.17%	6.46%
Growth return	0.58%	6.56%	6.15%	-17.28%	-10.98%	1.7%	-12.98%	-3.98%
Income return	1.69%	1.78%	4.23%	10.68%	7.87%	6.93%	8.81%	10.44%
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 2012. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

GMO Australian Equity Trust

Australian Equities: 94.10%

Cash: 1.43%

Property: 4.47%

International Equities: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 93.36%

Cash: -0.08%

Property: 2.11%

International Equities: 4.21%

Fixed Interest: 0.40%

Alternatives: 0.01%

General Information

Fund Details

Type	Description
Fund Name	GMO Australian Equity Trust (Wholesale)
Fund Status	Closed
Responsible Entity	GMO Australia Limited
APIR Code	GMO0100AU
Sector/Asset Class	Equity Australia Large Blend
Morningstar Rating	(as at 31 Mar 2012)
Legal Structure	Investment Fund
Fund Inception	25 Mar 1998
Fund Size	$3.56 million (as at 31 Mar 2012)
Entry Price	$0.8661 (as at 3 Apr 2012)
Exit Price	$0.8626 (as at 3 Apr 2012)
Fund Status	Finalised

Offer information

Type	Description
MER	0.51% (as at 30 Jun 2006)
Indirect Cost Ratio (ICR)	0.51% (as at 30 Jun 2011)
Minimum initial investment	$500,000
Minimum additional investments	$250,000
Minimum redemption amount	$250,000

Top 10 holdings (as at 31 Oct 2011)

Holding (as at 31 Oct 2011)	Type	% of Portfolio
BHP Billiton Ltd	Equity	14.73%
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FAQs about the GMO Australian Equity Trust

What is the objective of the GMO Australian Equity Trust managed fund?

The objective of the GMO Australian Equity Trust managed fund is The Trust is invested in Australian equity securities selected with the aim of producing a portfolio that outperforms the S&P/ASX 300 Accumulation Index. The Manager targets to outperform the S&P/ASX 300 Accumulation Index by 2.5% per annum over a full market cycle with a tracking error of 3% per annum, before taking into account Trust fees and expenses.

What is the strategy for the GMO Australian Equity Trust managed fund?

The strategy of the GMO Australian Equity Trust managed fund is Quantitative techniques are used to determine the selection of securities in the portfolio, and the Manager actively controls portfolio risk through an optimisation process which analyses the trade-off between anticipated returns and each security's contribution to portfolio volatility.

What is the APIR code of the GMO Australian Equity Trust managed fund?

The APIR code of the GMO Australian Equity Trust managed fund is GMO0100AU.

What was GMO Australian Equity Trust’s total return last month?

GMO Australian Equity Trust’s total return last month was 2.27%. This was made up of a growth return of 0.58% and an income return of 1.69%. These returns were calculated as at 31 Mar 2012.

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

GMO Australian Equity Trust’s total return for the last three months was 8.34%. This was made up of a growth return of 6.56% and an income return of 1.78%%. These returns were calculated as at 31 Mar 2012.

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

GMO Australian Equity Trust’s one-year total return is -6.6%. This was made up of a growth return of -17.28% and an income return of 10.68%. These returns were calculated as at 31 Mar 2012.

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

GMO Australian Equity Trust’s one-year total return is 8.63%. This was made up of a growth return of 1.7% and an income return of 6.93%. These returns were calculated as at 31 Mar 2012.

What is the asset allocation of the GMO Australian Equity Trust managed fund?

The asset allocation of the GMO Australian Equity Trust managed fund is :

Australian Equities: 94.10%

Cash: 1.43%

Property: 4.47%

International Equities: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the GMO Australian Equity Trust managed fund?

The Responsible Entity for the GMO Australian Equity Trust managed fund is GMO Australia Limited.

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

The GMO Australian Equity Trust managed fund belongs to the Equity Australia Large Blend sector/asset class.

What is the size of the GMO Australian Equity Trust managed fund?

As at 31 Mar 2012, the size of the GMO Australian Equity Trust managed fund was $3.56 million.

What is the inception date of the GMO Australian Equity Trust managed fund?

The GMO Australian Equity Trust managed fund has an inception date of 25 Mar 1998.

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

The current entry price of the GMO Australian Equity Trust managed fund is $0.8661 per unit and the current exit price is $0.8626 per unit (as at 3 Apr 2012).

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

The current exit price of the GMO Australian Equity Trust managed fund is $0.8626 per unit and the current entry price is $0.8661 per unit (as at 3 Apr 2012).

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

The minimum initial investment amount for the GMO Australian Equity Trust managed fund is $500,000. Minimum additional investment is $250000.

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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