Macquarie S/RO - Macquarie Geared Growth - Managed Fund (Closed)

Fund Objective

The option provides access to a geared portfolio of Australian shares through borrowing. It aims to outperform a similarly geared investment in the S&P/ASX 200 Accumulation Index over the medium-term (before fees) with a high level of tax-effective capital growth.

Fund Strategy

The first part of Macquarie's investment process focuses on constructing a portfolio to outperform the S&P/ ASX 200 Accumulation Index on a core holding of the option. The option then borrows money to gain exposure to a greater value of shares than would otherwise be possible to significantly enhance returns.

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	-0.91%	6.38%	16.9%	21.71%	10.46%	10.8%	19.07%	-0.75%
Growth return	-0.91%	6.38%	16.9%	21.71%	10.46%	10.8%	19.07%	-0.75%
Income return	0%	0%	0%	0%	0%	0%	0%	0%
Market index (S&P/ASX 200 TR AUD)
Total return	3.1%	7.03%	11.65%	14.74%	14.82%	13.04%	12.32%	9.87%

As at 31 May 2017. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Macquarie S/RO - Macquarie Geared Growth

Australian Equities: 1.37%

Cash: 98.63%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 93.72%

Cash: -0.78%

International Equities: 4.82%

Property & Infrastructure: 1.41%

Fixed Interest: 0.26%

Alternatives: 0.58%

General Information

Fund Details

Type	Description
Fund Name	Macquarie S/RO - Macquarie Geared Growth
Fund Status	Closed
Responsible Entity	Macquarie Investment Management Aus Ltd.
APIR Code	MAQ0258AU
Sector/Asset Class	Equity Australia Large Geared
Morningstar Rating	(as at 30 Apr 2017)
Legal Structure	Superannuation Fund
Fund Inception	25 Mar 2002
Fund Size	$7.63 million (as at 31 May 2017)
Entry Price	$2.9815 (as at 31 May 2017)
Exit Price	$2.9815 (as at 31 May 2017)
Fund Status	Finalised

Offer information

Type	Description
Standard entry fee	3.50%
MER	1.91% (as at 30 Jun 2003)
Indirect Cost Ratio (ICR)	1.91% (as at 30 Jun 2010)
Minimum initial investment	$25,000
Minimum redemption amount	$500.00

Top 10 holdings (as at 31 May 2017)

Holding (as at 31 May 2017)	Type	% of Portfolio
National Australia Bank Ltd	Equity	0.09%
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FAQs about the Macquarie S/RO - Macquarie Geared Growth

What is the objective of the Macquarie S/RO - Macquarie Geared Growth managed fund?

The objective of the Macquarie S/RO - Macquarie Geared Growth managed fund is The option provides access to a geared portfolio of Australian shares through borrowing. It aims to outperform a similarly geared investment in the S&P/ASX 200 Accumulation Index over the medium-term (before fees) with a high level of tax-effective capital growth.

What is the strategy for the Macquarie S/RO - Macquarie Geared Growth managed fund?

The strategy of the Macquarie S/RO - Macquarie Geared Growth managed fund is The first part of Macquarie's investment process focuses on constructing a portfolio to outperform the S&P/ ASX 200 Accumulation Index on a core holding of the option. The option then borrows money to gain exposure to a greater value of shares than would otherwise be possible to significantly enhance returns.

What is the APIR code of the Macquarie S/RO - Macquarie Geared Growth managed fund?

The APIR code of the Macquarie S/RO - Macquarie Geared Growth managed fund is MAQ0258AU.

What was Macquarie S/RO - Macquarie Geared Growth’s total return last month?

Macquarie S/RO - Macquarie Geared Growth’s total return last month was -0.91%. This was made up of a growth return of -0.91% and an income return of 0%. These returns were calculated as at 31 May 2017.

What was Macquarie S/RO - Macquarie Geared Growth’s total return for the last three months?

Macquarie S/RO - Macquarie Geared Growth’s total return for the last three months was 6.38%. This was made up of a growth return of 6.38% and an income return of 0%%. These returns were calculated as at 31 May 2017.

What is Macquarie S/RO - Macquarie Geared Growth’s one-year total return?

Macquarie S/RO - Macquarie Geared Growth’s one-year total return is 21.71%. This was made up of a growth return of 21.71% and an income return of 0%. These returns were calculated as at 31 May 2017.

What is Macquarie S/RO - Macquarie Geared Growth’s three-year total return?

Macquarie S/RO - Macquarie Geared Growth’s one-year total return is 10.8%. This was made up of a growth return of 10.8% and an income return of 0%. These returns were calculated as at 31 May 2017.

What is the asset allocation of the Macquarie S/RO - Macquarie Geared Growth managed fund?

The asset allocation of the Macquarie S/RO - Macquarie Geared Growth managed fund is :

Australian Equities: 1.37%

Cash: 98.63%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Macquarie S/RO - Macquarie Geared Growth managed fund?

The Responsible Entity for the Macquarie S/RO - Macquarie Geared Growth managed fund is Macquarie Investment Management Aus Ltd..

What sector/asset class does the Macquarie S/RO - Macquarie Geared Growth managed fund belong to?

The Macquarie S/RO - Macquarie Geared Growth managed fund belongs to the Equity Australia Large Geared sector/asset class.

What is the size of the Macquarie S/RO - Macquarie Geared Growth managed fund?

As at 31 May 2017, the size of the Macquarie S/RO - Macquarie Geared Growth managed fund was $7.63 million.

What is the inception date of the Macquarie S/RO - Macquarie Geared Growth managed fund?

The Macquarie S/RO - Macquarie Geared Growth managed fund has an inception date of 25 Mar 2002.

What is the current entry price of the Macquarie S/RO - Macquarie Geared Growth managed fund?

The current entry price of the Macquarie S/RO - Macquarie Geared Growth managed fund is $2.9815 per unit and the current exit price is $2.9815 per unit (as at 31 May 2017).

What is the current exit price of the Macquarie S/RO - Macquarie Geared Growth managed fund?

The current exit price of the Macquarie S/RO - Macquarie Geared Growth managed fund is $2.9815 per unit and the current entry price is $2.9815 per unit (as at 31 May 2017).

What is the minimum investment amount for the Macquarie S/RO - Macquarie Geared Growth managed fund?

The minimum initial investment amount for the Macquarie S/RO - Macquarie Geared Growth 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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