Mercer Property - Managed Fund (Closed)

Fund Objective

To outperform the notional return of a benchmark portfolio of suitable market indices over periods of one year or greater.

Fund Strategy

The fund invests in direct property using a multi-manager approach.

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

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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	1.13%	4.51%	8.5%	7.39%	17.35%	11.87%	15.4%	-%
Growth return	1.13%	4.51%	7.96%	2.02%	12.88%	4.38%	10.21%	-%
Income return	0%	0%	0.54%	5.37%	4.47%	7.49%	5.19%	-%
Market index (UBS Global Investors Ex AUS NR Hdg AUD)
Total return	-0.66%	-3.15%	4.21%	14.82%	13.19%	16.95%	16.58%	7.77%

As at 31 May 2014. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Mercer Property

Cash: 0.25%

Property & Infrastructure: 99.75%

Australian Equities: 0%

International Equities: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Cash: 2.46%

Property & Infrastructure: 82.79%

Australian Equities: 1.36%

International Equities: 13.33%

Fixed Interest: 0.05%

Alternatives: 0.01%

General Information

Fund Details

Type	Description
Fund Name	Mercer Property
Fund Status	Closed
Responsible Entity	Mercer Investments (Australia) Limited
APIR Code	MIN0018AU
Sector/Asset Class	Equity Global Real Estate
Morningstar Rating	(as at 31 May 2014)
Legal Structure	Investment Fund
Fund Inception	30 Nov 2004
Fund Size	$0.92 million (as at 26 Jun 2014)
Entry Price	$0.6117 (as at 26 Jun 2014)
Exit Price	$0.6104 (as at 26 Jun 2014)
Fund Status	Finalised

Offer information

Type	Description
MER	0.90% (as at 30 Jun 2008)
Indirect Cost Ratio (ICR)	1.22% (as at 30 Jun 2013)
Performance fee (not included in ICR)	0.0206
Minimum initial investment	$1,000.00

FAQs about the Mercer Property

What is the objective of the Mercer Property managed fund?

The objective of the Mercer Property managed fund is To outperform the notional return of a benchmark portfolio of suitable market indices over periods of one year or greater.

What is the strategy for the Mercer Property managed fund?

The strategy of the Mercer Property managed fund is The fund invests in direct property using a multi-manager approach.

What is the APIR code of the Mercer Property managed fund?

The APIR code of the Mercer Property managed fund is MIN0018AU.

What was Mercer Property’s total return last month?

Mercer Property’s total return last month was 1.13%. This was made up of a growth return of 1.13% and an income return of 0%. These returns were calculated as at 31 May 2014.

What was Mercer Property’s total return for the last three months?

Mercer Property’s total return for the last three months was 4.51%. This was made up of a growth return of 4.51% and an income return of 0%%. These returns were calculated as at 31 May 2014.

What is Mercer Property’s one-year total return?

Mercer Property’s one-year total return is 7.39%. This was made up of a growth return of 2.02% and an income return of 5.37%. These returns were calculated as at 31 May 2014.

What is Mercer Property’s three-year total return?

Mercer Property’s one-year total return is 11.87%. This was made up of a growth return of 4.38% and an income return of 7.49%. These returns were calculated as at 31 May 2014.

What is the asset allocation of the Mercer Property managed fund?

The asset allocation of the Mercer Property managed fund is :

Cash: 0.25%

Property & Infrastructure: 99.75%

Australian Equities: 0%

International Equities: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Mercer Property managed fund?

The Responsible Entity for the Mercer Property managed fund is Mercer Investments (Australia) Limited.

What sector/asset class does the Mercer Property managed fund belong to?

The Mercer Property managed fund belongs to the Equity Global Real Estate sector/asset class.

What is the size of the Mercer Property managed fund?

As at 26 Jun 2014, the size of the Mercer Property managed fund was $0.92 million.

What is the inception date of the Mercer Property managed fund?

The Mercer Property managed fund has an inception date of 30 Nov 2004.

What is the current entry price of the Mercer Property managed fund?

The current entry price of the Mercer Property managed fund is $0.6117 per unit and the current exit price is $0.6104 per unit (as at 26 Jun 2014).

What is the current exit price of the Mercer Property managed fund?

The current exit price of the Mercer Property managed fund is $0.6104 per unit and the current entry price is $0.6117 per unit (as at 26 Jun 2014).

What is the minimum investment amount for the Mercer Property managed fund?

The minimum initial investment amount for the Mercer Property managed fund is $1,000.

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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