Mercer Income Plus Fund - Managed Fund (Closed)

Fund Objective

The Fund aims to achieve a return (before management costs) of 1.5% to 3.5% per annum above the benchmark over rolling five year periods.

Fund Strategy

The Fund has a higher allocation towards income generating assets, such as fixed interest, shares and real assets. Diversification is achieved at the asset class, manager, country, sector and security levels, with a focus on operational efficiency and sustainability. International assets held by the Fund may be fully hedged, partially hedged, or unhedged for fluctuations in the Australian dollar against other currencies.

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	-2.73%	-0.95%	0.16%	5.82%	5.19%	5.2%	4.87%	6.8%
Growth return	-2.87%	-1.38%	-0.71%	-2%	0.29%	1.12%	-0.5%	1.84%
Income return	0.14%	0.43%	0.87%	7.82%	4.9%	4.08%	5.37%	4.96%
Market index (Morningstar AUS Balance Tgt Alloc NR AUD)
Total return	0.99%	-0.33%	4.17%	9.16%	8.36%	2.5%	4.35%	5.84%

As at 29 Feb 2020. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Mercer Income Plus Fund

Australian Equities: 27.43%

Cash: 5.67%

Property: 2.51%

Fixed Interest: 52.94%

Alternatives: 11.45%

International Equities: 0%

Average Allocation of Peers

Australian Equities: 16.18%

Cash: 10.40%

Property: 4.14%

Fixed Interest: 36.55%

Alternatives: 5.67%

International Equities: 27.05%

General Information

Fund Details

Type	Description
Fund Name	Mercer Income Plus Fund (Wholesale)
Fund Status	Closed
Responsible Entity	Mercer Investments (Australia) Limited
APIR Code	MIN0027AU
Sector/Asset Class	Multisector Balanced
Morningstar Rating	(as at 29 Feb 2020)
Legal Structure	Investment Fund
Fund Inception	19 May 2006
Fund Size	$2.84 million (as at 24 Mar 2020)
Entry Price	$0.8973 (as at 24 Mar 2020)
Exit Price	$0.894 (as at 24 Mar 2020)
Fund Status	Finalised

Offer information

Type	Description
MER	1.15% (as at 1 Nov 2019)
Indirect Cost Ratio (ICR)	1.15% (as at 30 Jun 2019)
Performance fee (not included in ICR)	0.05
Minimum initial investment	$100,000
Minimum additional investments	$5,000.00
Minimum redemption amount	$5,000.00

FAQs about the Mercer Income Plus Fund

What is the objective of the Mercer Income Plus Fund managed fund?

The objective of the Mercer Income Plus Fund managed fund is The Fund aims to achieve a return (before management costs) of 1.5% to 3.5% per annum above the benchmark over rolling five year periods.

What is the strategy for the Mercer Income Plus Fund managed fund?

The strategy of the Mercer Income Plus Fund managed fund is The Fund has a higher allocation towards income generating assets, such as fixed interest, shares and real assets. Diversification is achieved at the asset class, manager, country, sector and security levels, with a focus on operational efficiency and sustainability. International assets held by the Fund may be fully hedged, partially hedged, or unhedged for fluctuations in the Australian dollar against other currencies.

What is the APIR code of the Mercer Income Plus Fund managed fund?

The APIR code of the Mercer Income Plus Fund managed fund is MIN0027AU.

What was Mercer Income Plus Fund’s total return last month?

Mercer Income Plus Fund’s total return last month was -2.73%. This was made up of a growth return of -2.87% and an income return of 0.14%. These returns were calculated as at 29 Feb 2020.

What was Mercer Income Plus Fund’s total return for the last three months?

Mercer Income Plus Fund’s total return for the last three months was -0.95%. This was made up of a growth return of -1.38% and an income return of 0.43%%. These returns were calculated as at 29 Feb 2020.

What is Mercer Income Plus Fund’s one-year total return?

Mercer Income Plus Fund’s one-year total return is 5.82%. This was made up of a growth return of -2% and an income return of 7.82%. These returns were calculated as at 29 Feb 2020.

What is Mercer Income Plus Fund’s three-year total return?

Mercer Income Plus Fund’s one-year total return is 5.2%. This was made up of a growth return of 1.12% and an income return of 4.08%. These returns were calculated as at 29 Feb 2020.

What is the asset allocation of the Mercer Income Plus Fund managed fund?

The asset allocation of the Mercer Income Plus Fund managed fund is :

Australian Equities: 27.43%

Cash: 5.67%

Property: 2.51%

Fixed Interest: 52.94%

Alternatives: 11.45%

International Equities: 0%

Who is the responsible Entity of the Mercer Income Plus Fund managed fund?

The Responsible Entity for the Mercer Income Plus Fund managed fund is Mercer Investments (Australia) Limited.

What sector/asset class does the Mercer Income Plus Fund managed fund belong to?

The Mercer Income Plus Fund managed fund belongs to the Multisector Balanced sector/asset class.

What is the size of the Mercer Income Plus Fund managed fund?

As at 24 Mar 2020, the size of the Mercer Income Plus Fund managed fund was $2.84 million.

What is the inception date of the Mercer Income Plus Fund managed fund?

The Mercer Income Plus Fund managed fund has an inception date of 19 May 2006.

What is the current entry price of the Mercer Income Plus Fund managed fund?

The current entry price of the Mercer Income Plus Fund managed fund is $0.8973 per unit and the current exit price is $0.894 per unit (as at 24 Mar 2020).

What is the current exit price of the Mercer Income Plus Fund managed fund?

The current exit price of the Mercer Income Plus Fund managed fund is $0.894 per unit and the current entry price is $0.8973 per unit (as at 24 Mar 2020).

What is the minimum investment amount for the Mercer Income Plus Fund managed fund?

The minimum initial investment amount for the Mercer Income Plus Fund managed fund is $100,000. 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.

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