Macquarie S/RO - Challenger Boutique Australian Shares - Managed Fund (Closed)

Fund Objective

The Fund aims to outperform its benchmark after costs and over rolling three-year periods.

Fund Strategy

Alphinity is an active core Australian equities manager who seeks to identify opportunities across market cycles. Alphinity believes that a company's earnings growth and expected earnings growth ultimately drive its share price performance and that there is a systematic mispricing of individual shares over the short to medium term due to under or overestimation of a company's earnings ability.

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.

Average of peers ({{ fund.benchmark.peers.peerCount }})

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	2.23%	6.26%	-3.43%	-1.59%	1.78%	6.55%	7.32%	7.81%
Growth return	2.23%	6.26%	-3.43%	-1.59%	1.78%	6.55%	7.32%	7.81%
Income return	0%	0%	0%	0%	0%	0%	0%	0%
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 Aug 2020. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Macquarie S/RO - Challenger Boutique Australian Shares

Australian Equities: 97.82%

Cash: 2.18%

International Equities: 0%

Property: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 93.16%

Cash: 0.03%

International Equities: 4.29%

Property: 2.10%

Fixed Interest: 0.40%

Alternatives: 0.02%

General Information

Fund Details

Type	Description
Fund Name	Macquarie S/RO - Challenger Boutique Australian Shares
Fund Status	Closed
APIR Code	MAQ0341AU
Sector/Asset Class	Equity Australia Large Blend
Morningstar Rating	(as at 31 Aug 2020)
Legal Structure	Superannuation Fund
Fund Inception	29 Mar 2004
Fund Size	$1.16 million (as at 31 Aug 2020)
Entry Price	$3.328 (as at 14 Sep 2020)
Exit Price	$3.3148 (as at 14 Sep 2020)
Fund Status	Finalised

Offer information

Type	Description
Standard entry fee	3.50%
MER	2.15% (as at 30 Apr 2004)
Indirect Cost Ratio (ICR)	2.15% (as at 30 Jun 2010)
Minimum initial investment	$25,000
Minimum redemption amount	$500.00

Top 10 holdings (as at 30 Jun 2024)

Holding (as at 30 Jun 2024)	Type	% of Portfolio
BHP Group Ltd	Equity	9.76%
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FAQs about the Macquarie S/RO - Challenger Boutique Australian Shares

What is the objective of the Macquarie S/RO - Challenger Boutique Australian Shares managed fund?

The objective of the Macquarie S/RO - Challenger Boutique Australian Shares managed fund is The Fund aims to outperform its benchmark after costs and over rolling three-year periods.

What is the strategy for the Macquarie S/RO - Challenger Boutique Australian Shares managed fund?

The strategy of the Macquarie S/RO - Challenger Boutique Australian Shares managed fund is Alphinity is an active core Australian equities manager who seeks to identify opportunities across market cycles. Alphinity believes that a company's earnings growth and expected earnings growth ultimately drive its share price performance and that there is a systematic mispricing of individual shares over the short to medium term due to under or overestimation of a company's earnings ability.

What is the APIR code of the Macquarie S/RO - Challenger Boutique Australian Shares managed fund?

The APIR code of the Macquarie S/RO - Challenger Boutique Australian Shares managed fund is MAQ0341AU.

What was Macquarie S/RO - Challenger Boutique Australian Shares’s total return last month?

Macquarie S/RO - Challenger Boutique Australian Shares’s total return last month was 2.23%. This was made up of a growth return of 2.23% and an income return of 0%. These returns were calculated as at 31 Aug 2020.

What was Macquarie S/RO - Challenger Boutique Australian Shares’s total return for the last three months?

Macquarie S/RO - Challenger Boutique Australian Shares’s total return for the last three months was 6.26%. This was made up of a growth return of 6.26% and an income return of 0%%. These returns were calculated as at 31 Aug 2020.

What is Macquarie S/RO - Challenger Boutique Australian Shares’s one-year total return?

Macquarie S/RO - Challenger Boutique Australian Shares’s one-year total return is -1.59%. This was made up of a growth return of -1.59% and an income return of 0%. These returns were calculated as at 31 Aug 2020.

What is Macquarie S/RO - Challenger Boutique Australian Shares’s three-year total return?

Macquarie S/RO - Challenger Boutique Australian Shares’s one-year total return is 6.55%. This was made up of a growth return of 6.55% and an income return of 0%. These returns were calculated as at 31 Aug 2020.

What is the asset allocation of the Macquarie S/RO - Challenger Boutique Australian Shares managed fund?

The asset allocation of the Macquarie S/RO - Challenger Boutique Australian Shares managed fund is :

Australian Equities: 97.82%

Cash: 2.18%

International Equities: 0%

Property: 0%

Fixed Interest: 0%

Alternatives: 0%

What sector/asset class does the Macquarie S/RO - Challenger Boutique Australian Shares managed fund belong to?

The Macquarie S/RO - Challenger Boutique Australian Shares managed fund belongs to the Equity Australia Large Blend sector/asset class.

What is the size of the Macquarie S/RO - Challenger Boutique Australian Shares managed fund?

As at 31 Aug 2020, the size of the Macquarie S/RO - Challenger Boutique Australian Shares managed fund was $1.16 million.

What is the inception date of the Macquarie S/RO - Challenger Boutique Australian Shares managed fund?

The Macquarie S/RO - Challenger Boutique Australian Shares managed fund has an inception date of 29 Mar 2004.

What is the current entry price of the Macquarie S/RO - Challenger Boutique Australian Shares managed fund?

The current entry price of the Macquarie S/RO - Challenger Boutique Australian Shares managed fund is $3.328 per unit and the current exit price is $3.3148 per unit (as at 14 Sep 2020).

What is the current exit price of the Macquarie S/RO - Challenger Boutique Australian Shares managed fund?

The current exit price of the Macquarie S/RO - Challenger Boutique Australian Shares managed fund is $3.3148 per unit and the current entry price is $3.328 per unit (as at 14 Sep 2020).

What is the minimum investment amount for the Macquarie S/RO - Challenger Boutique Australian Shares managed fund?

The minimum initial investment amount for the Macquarie S/RO - Challenger Boutique Australian Shares managed fund is $25,000.

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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