Morningstar Australian Bonds - Managed Fund (Closed)

Fund Objective

Aims to match and, where possible, enhance performance relative to the benchmark over rolling 3 year periods by investing predominantly in Australian investment grade bonds.

Fund Strategy

A Fund predominantly invested in government, semi-government and/or corporate Australian bonds. The Fund aims to deliver a superior risk return profile to the performance benchmark and aims to provide investors with a consistent income, whilst also looking to preserve underlying capital. To implement this strategy, Morningstar may design portfolios and/or appoint managers to manage the assets of the Fund.

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	1.05%	2.2%	2.86%	2.71%	3.57%	4.75%	4.32%	6.1%
Growth return	0.83%	1.28%	0.39%	-4.73%	-3.26%	-0.88%	-0.85%	-0.24%
Income return	0.22%	0.92%	2.47%	7.44%	6.83%	5.63%	5.17%	6.34%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return	-1.88%	-0.39%	2.26%	7.08%	2.86%	-0.62%	-0.68%	2.11%

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

Asset Allocation

Morningstar Australian Bonds

Fixed Interest: 100%

Australian Equities: 0%

International Equities: 0%

Cash: 0%

Property: 0%

Alternatives: 0%

Average Allocation of Peers

Fixed Interest: 92.07%

Australian Equities: 1.30%

International Equities: 0.53%

Cash: 5.67%

Property: 0.06%

Alternatives: 0.36%

General Information

Fund Details

Type	Description
Fund Name	Morningstar Australian Bonds (Wholesale)
Fund Status	Closed
Responsible Entity	Morningstar Investment Management Austra
APIR Code	INT0020AU
Sector/Asset Class	Bonds - Australia
Morningstar Rating	(as at 30 Jun 2017)
Legal Structure	Investment Fund
Fund Inception	15 May 2003
Fund Size	$263.11 million (as at 30 Jun 2017)
Entry Price	$1.00726 (as at 10 Jul 2017)
Exit Price	$1.00524 (as at 10 Jul 2017)
Fund Status	Finalised

Offer information

Type	Description
MER	0.34% (as at 30 Oct 2006)
Indirect Cost Ratio (ICR)	0.35% (as at 1 Jul 2016)
Minimum initial investment	$500,000
Minimum additional investments	$100,000
Minimum redemption amount	$100,000

Top 10 holdings (as at 31 Oct 2024)

Holding (as at 31 Oct 2024)	Type	% of Portfolio
10 Year Australian Treasury Bond Future Dec 24	Bond - Treasury Future	4.29%
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FAQs about the Morningstar Australian Bonds

What is the objective of the Morningstar Australian Bonds managed fund?

The objective of the Morningstar Australian Bonds managed fund is Aims to match and, where possible, enhance performance relative to the benchmark over rolling 3 year periods by investing predominantly in Australian investment grade bonds.

What is the strategy for the Morningstar Australian Bonds managed fund?

The strategy of the Morningstar Australian Bonds managed fund is A Fund predominantly invested in government, semi-government and/or corporate Australian bonds. The Fund aims to deliver a superior risk return profile to the performance benchmark and aims to provide investors with a consistent income, whilst also looking to preserve underlying capital. To implement this strategy, Morningstar may design portfolios and/or appoint managers to manage the assets of the Fund.

What is the APIR code of the Morningstar Australian Bonds managed fund?

The APIR code of the Morningstar Australian Bonds managed fund is INT0020AU.

What was Morningstar Australian Bonds’s total return last month?

Morningstar Australian Bonds’s total return last month was 1.05%. This was made up of a growth return of 0.83% and an income return of 0.22%. These returns were calculated as at 31 May 2017.

What was Morningstar Australian Bonds’s total return for the last three months?

Morningstar Australian Bonds’s total return for the last three months was 2.2%. This was made up of a growth return of 1.28% and an income return of 0.92%%. These returns were calculated as at 31 May 2017.

What is Morningstar Australian Bonds’s one-year total return?

Morningstar Australian Bonds’s one-year total return is 2.71%. This was made up of a growth return of -4.73% and an income return of 7.44%. These returns were calculated as at 31 May 2017.

What is Morningstar Australian Bonds’s three-year total return?

Morningstar Australian Bonds’s one-year total return is 4.75%. This was made up of a growth return of -0.88% and an income return of 5.63%. These returns were calculated as at 31 May 2017.

What is the asset allocation of the Morningstar Australian Bonds managed fund?

The asset allocation of the Morningstar Australian Bonds managed fund is :

Fixed Interest: 100%

Australian Equities: 0%

International Equities: 0%

Cash: 0%

Property: 0%

Alternatives: 0%

Who is the responsible Entity of the Morningstar Australian Bonds managed fund?

The Responsible Entity for the Morningstar Australian Bonds managed fund is Morningstar Investment Management Austra.

What sector/asset class does the Morningstar Australian Bonds managed fund belong to?

The Morningstar Australian Bonds managed fund belongs to the Bonds - Australia sector/asset class.

What is the size of the Morningstar Australian Bonds managed fund?

As at 30 Jun 2017, the size of the Morningstar Australian Bonds managed fund was $263.11 million.

What is the inception date of the Morningstar Australian Bonds managed fund?

The Morningstar Australian Bonds managed fund has an inception date of 15 May 2003.

What is the current entry price of the Morningstar Australian Bonds managed fund?

The current entry price of the Morningstar Australian Bonds managed fund is $1.00726 per unit and the current exit price is $1.00524 per unit (as at 10 Jul 2017).

What is the current exit price of the Morningstar Australian Bonds managed fund?

The current exit price of the Morningstar Australian Bonds managed fund is $1.00524 per unit and the current entry price is $1.00726 per unit (as at 10 Jul 2017).

What is the minimum investment amount for the Morningstar Australian Bonds managed fund?

The minimum initial investment amount for the Morningstar Australian Bonds managed fund is $500,000. Minimum additional investment is $100000.

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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