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  5. Mercer Australian Shares for Tax Exmpt Investment - Managed fund profile

Mercer Australian Shares for Tax Exmpt Investment - Managed Fund

Fund Objective
The Fund aims to exceed the benchmark, before management costs, over the medium to long term.
Fund Strategy
The Fund provides exposure to Australian shares utilising an actively managed, multi-manager approach. The Fund's investment managers utilise tax effective strategies in their investment decision making process. The Fund is designed specifically for investors who are tax exempt and can reclaim franking credits. Diversification is achieved at the manager, sector and stock levels, with a focus on operational efficiency and sustainability.

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 -1.43% 2.46% 8.18% 24.42% 12.86% 7.12% 8.29% 8.66%
Growth return -1.43% 1.54% 6.34% -% 8.29% 0.84% 1.03% 0.19%
Income return 0% 0.92% 1.84% -% 4.57% 6.28% 7.26% 8.47%
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 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Mercer Australian Shares for Tax Exmpt Investment
Australian Equities
93.58%
Cash
3.64%
Property
2.78%
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
Mercer Australian Shares for Tax Exmpt Investment (Wholesale)
Mercer Investments (Australia) Limited
MIN0087AU
Equity Australia Large Blend
starstarstarstar (as at 31 Oct 2024)
Investment Fund
13 May 2013
$949.14 million (as at 21 Nov 2024)
$1.0969 (as at 21 Nov 2024)
$1.0933 (as at 21 Nov 2024)
Open
Offer information
Type Description
MER 1% (as at 1 Dec 2023)
Indirect Cost Ratio (ICR) - Estimated 1% (as at 30 Jun 2023) (Estimated)
Performance fee (included in ICR) 0.01
Minimum initial investment $500,000
Minimum additional investments $5,000.00
Minimum redemption amount $5,000.00

FAQs about the Mercer Australian Shares for Tax Exmpt Investment

The objective of the Mercer Australian Shares for Tax Exmpt Investment managed fund is The Fund aims to exceed the benchmark, before management costs, over the medium to long term.

The strategy of the Mercer Australian Shares for Tax Exmpt Investment managed fund is The Fund provides exposure to Australian shares utilising an actively managed, multi-manager approach. The Fund's investment managers utilise tax effective strategies in their investment decision making process. The Fund is designed specifically for investors who are tax exempt and can reclaim franking credits. Diversification is achieved at the manager, sector and stock levels, with a focus on operational efficiency and sustainability.

The APIR code of the Mercer Australian Shares for Tax Exmpt Investment managed fund is MIN0087AU.

Mercer Australian Shares for Tax Exmpt Investment’s total return last month was -1.43%. This was made up of a growth return of -1.43% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

Mercer Australian Shares for Tax Exmpt Investment’s total return for the last three months was 2.46%. This was made up of a growth return of 1.54% and an income return of 0.92%%. These returns were calculated as at 31 Oct 2024.

Mercer Australian Shares for Tax Exmpt Investment’s one-year total return is 24.42%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Oct 2024.

Mercer Australian Shares for Tax Exmpt Investment’s one-year total return is 7.12%. This was made up of a growth return of 0.84% and an income return of 6.28%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the Mercer Australian Shares for Tax Exmpt Investment managed fund is :

Australian Equities
93.58%
Cash
3.64%
Property
2.78%
International Equities
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Mercer Australian Shares for Tax Exmpt Investment managed fund is Mercer Investments (Australia) Limited.

The Mercer Australian Shares for Tax Exmpt Investment managed fund belongs to the Equity Australia Large Blend sector/asset class.

As at 21 Nov 2024, the size of the Mercer Australian Shares for Tax Exmpt Investment managed fund was $949.14 million.

The Mercer Australian Shares for Tax Exmpt Investment managed fund has an inception date of 13 May 2013.

The current entry price of the Mercer Australian Shares for Tax Exmpt Investment managed fund is $1.0969 per unit and the current exit price is $1.0933 per unit (as at 21 Nov 2024).

The current exit price of the Mercer Australian Shares for Tax Exmpt Investment managed fund is $1.0933 per unit and the current entry price is $1.0969 per unit (as at 21 Nov 2024).

The minimum initial investment amount for the Mercer Australian Shares for Tax Exmpt Investment managed fund is $500,000. Minimum additional investment is $5000.

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.