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  5. IOOF GIS Australian Unity - Mortgage Income - Managed fund profile

IOOF GIS Australian Unity - Mortgage Income - Managed Fund (Closed)

Fund Objective
The Fund aims to provide investors with regular income, together with capital stability. The mortgage portfolio is designed to spread exposure and reduce risk through diversification by geographic location, loan size, interest rate type, and loan maturity profile.
Fund Strategy
The Fund gains its mortgages exposure by investing in the AUI Mortgage Income Trust, which primarily invests in a portfolio of loan secured by registered first mortgages over quality retail, commercial, investment residential, and industry property. The Fund typically has a 60-90% exposure to registered first mortgages. The balance of the Fund's assets is held in cash and similar investments.

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 0.28% 0.83% 1.77% 3.8% 5.09% 5.42% 5.46% -%
Growth return -0.38% -0.7% -0.73% -1.02% -0.78% -0.47% -0.34% -%
Income return 0.66% 1.53% 2.5% 4.82% 5.87% 5.89% 5.8% -%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.37% 1.12% 2.23% 4.45% 4.05% 2.94% 1.87% 1.92%
As at 28 Feb 2010. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

IOOF GIS Australian Unity - Mortgage Income
Cash
100%
Australian Equities
0%
International Equities
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Cash
26.01%
Australian Equities
0.39%
International Equities
0.05%
Fixed Interest
73.53%
Alternatives
0.03%

General Information

Fund Details
Type Description
IOOF GIS Australian Unity - Mortgage Income
Closed
IOOF Global One Limited
ASK0480AU
Mortgages
starstarstar (as at 28 Feb 2010)
Investment Fund
30 Sep 2003
$0.77 million (as at 28 Feb 2010)
$10.05742 (as at 28 Feb 2010)
$10.05742 (as at 28 Feb 2010)
Finalised
Offer information
Type Description
Standard entry fee 4%
MER 1.56% (as at 30 Jun 2005)
Indirect Cost Ratio (ICR) 1.45% (as at 30 Jun 2009)
Minimum initial investment $3,000.00

FAQs about the IOOF GIS Australian Unity - Mortgage Income

The objective of the IOOF GIS Australian Unity - Mortgage Income managed fund is The Fund aims to provide investors with regular income, together with capital stability. The mortgage portfolio is designed to spread exposure and reduce risk through diversification by geographic location, loan size, interest rate type, and loan maturity profile.

The strategy of the IOOF GIS Australian Unity - Mortgage Income managed fund is The Fund gains its mortgages exposure by investing in the AUI Mortgage Income Trust, which primarily invests in a portfolio of loan secured by registered first mortgages over quality retail, commercial, investment residential, and industry property. The Fund typically has a 60-90% exposure to registered first mortgages. The balance of the Fund's assets is held in cash and similar investments.

The APIR code of the IOOF GIS Australian Unity - Mortgage Income managed fund is ASK0480AU.

IOOF GIS Australian Unity - Mortgage Income’s total return last month was 0.28%. This was made up of a growth return of -0.38% and an income return of 0.66%. These returns were calculated as at 28 Feb 2010.

IOOF GIS Australian Unity - Mortgage Income’s total return for the last three months was 0.83%. This was made up of a growth return of -0.7% and an income return of 1.53%%. These returns were calculated as at 28 Feb 2010.

IOOF GIS Australian Unity - Mortgage Income’s one-year total return is 3.8%. This was made up of a growth return of -1.02% and an income return of 4.82%. These returns were calculated as at 28 Feb 2010.

IOOF GIS Australian Unity - Mortgage Income’s one-year total return is 5.42%. This was made up of a growth return of -0.47% and an income return of 5.89%. These returns were calculated as at 28 Feb 2010.

The asset allocation of the IOOF GIS Australian Unity - Mortgage Income managed fund is :

Cash
100%
Australian Equities
0%
International Equities
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the IOOF GIS Australian Unity - Mortgage Income managed fund is IOOF Global One Limited.

The IOOF GIS Australian Unity - Mortgage Income managed fund belongs to the Mortgages sector/asset class.

As at 28 Feb 2010, the size of the IOOF GIS Australian Unity - Mortgage Income managed fund was $0.77 million.

The IOOF GIS Australian Unity - Mortgage Income managed fund has an inception date of 30 Sep 2003.

The current entry price of the IOOF GIS Australian Unity - Mortgage Income managed fund is $10.05742 per unit and the current exit price is $10.05742 per unit (as at 28 Feb 2010).

The current exit price of the IOOF GIS Australian Unity - Mortgage Income managed fund is $10.05742 per unit and the current entry price is $10.05742 per unit (as at 28 Feb 2010).

The minimum initial investment amount for the IOOF GIS Australian Unity - Mortgage Income managed fund is $3,000.

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.