Morningstar Australian Shares High Alpha - Managed Fund (Closed)

Fund Objective

Aims to maximise outperformance relative to the benchmark over rolling 7 year periods by investing predominantly in listed Australian shares.

Fund Strategy

An actively managed Fund predominantly invested in Australian Shares using high conviction Australian Shares managers. 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	1.44%	5.35%	5.23%	19.66%	4.58%	7.67%	11.39%	4.82%
Growth return	1.44%	3.1%	0.9%	6.27%	-4.23%	0.07%	5.21%	-0.79%
Income return	0%	2.25%	4.33%	13.39%	8.81%	7.6%	6.18%	5.61%
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 28 Feb 2017. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Morningstar Australian Shares High Alpha

Australian Equities: 100%

International Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 93.71%

International Equities: 4.83%

Cash: -0.79%

Property & Infrastructure: 1.41%

Fixed Interest: 0.26%

Alternatives: 0.58%

General Information

Fund Details

Type	Description
Fund Name	Morningstar Australian Shares High Alpha
Fund Status	Closed
Responsible Entity	Morningstar Investment Management Austra
APIR Code	INT0074AU
Sector/Asset Class	Equity Australia Large Blend
Morningstar Rating	(as at 30 Apr 2017)
Legal Structure	Investment Fund
Fund Inception	7 Dec 2005
Fund Size	$294.22 million (as at 30 Jun 2017)
Entry Price	$1.19413 (as at 23 May 2017)
Exit Price	$1.18937 (as at 23 May 2017)
Fund Status	Finalised

Offer information

Type	Description
Indirect Cost Ratio (ICR)	1.27% (as at 1 Jul 2016)
Performance fee (not included in ICR)	Not Available
Minimum initial investment	$20,000
Minimum additional investments	$5,000.00
Minimum redemption amount	$5,000.00

Top 10 holdings (as at 31 Mar 2017)

Holding (as at 31 Mar 2017)	Type	% of Portfolio
CSL Ltd	Equity	3.88%
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FAQs about the Morningstar Australian Shares High Alpha

What is the objective of the Morningstar Australian Shares High Alpha managed fund?

The objective of the Morningstar Australian Shares High Alpha managed fund is Aims to maximise outperformance relative to the benchmark over rolling 7 year periods by investing predominantly in listed Australian shares.

What is the strategy for the Morningstar Australian Shares High Alpha managed fund?

The strategy of the Morningstar Australian Shares High Alpha managed fund is An actively managed Fund predominantly invested in Australian Shares using high conviction Australian Shares managers. 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 Shares High Alpha managed fund?

The APIR code of the Morningstar Australian Shares High Alpha managed fund is INT0074AU.

What was Morningstar Australian Shares High Alpha’s total return last month?

Morningstar Australian Shares High Alpha’s total return last month was 1.44%. This was made up of a growth return of 1.44% and an income return of 0%. These returns were calculated as at 28 Feb 2017.

What was Morningstar Australian Shares High Alpha’s total return for the last three months?

Morningstar Australian Shares High Alpha’s total return for the last three months was 5.35%. This was made up of a growth return of 3.1% and an income return of 2.25%%. These returns were calculated as at 28 Feb 2017.

What is Morningstar Australian Shares High Alpha’s one-year total return?

Morningstar Australian Shares High Alpha’s one-year total return is 19.66%. This was made up of a growth return of 6.27% and an income return of 13.39%. These returns were calculated as at 28 Feb 2017.

What is Morningstar Australian Shares High Alpha’s three-year total return?

Morningstar Australian Shares High Alpha’s one-year total return is 7.67%. This was made up of a growth return of 0.07% and an income return of 7.6%. These returns were calculated as at 28 Feb 2017.

What is the asset allocation of the Morningstar Australian Shares High Alpha managed fund?

The asset allocation of the Morningstar Australian Shares High Alpha managed fund is :

Australian Equities: 100%

International Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Morningstar Australian Shares High Alpha managed fund?

The Responsible Entity for the Morningstar Australian Shares High Alpha managed fund is Morningstar Investment Management Austra.

What sector/asset class does the Morningstar Australian Shares High Alpha managed fund belong to?

The Morningstar Australian Shares High Alpha managed fund belongs to the Equity Australia Large Blend sector/asset class.

What is the size of the Morningstar Australian Shares High Alpha managed fund?

As at 30 Jun 2017, the size of the Morningstar Australian Shares High Alpha managed fund was $294.22 million.

What is the inception date of the Morningstar Australian Shares High Alpha managed fund?

The Morningstar Australian Shares High Alpha managed fund has an inception date of 7 Dec 2005.

What is the current entry price of the Morningstar Australian Shares High Alpha managed fund?

The current entry price of the Morningstar Australian Shares High Alpha managed fund is $1.19413 per unit and the current exit price is $1.18937 per unit (as at 23 May 2017).

What is the current exit price of the Morningstar Australian Shares High Alpha managed fund?

The current exit price of the Morningstar Australian Shares High Alpha managed fund is $1.18937 per unit and the current entry price is $1.19413 per unit (as at 23 May 2017).

What is the minimum investment amount for the Morningstar Australian Shares High Alpha managed fund?

The minimum initial investment amount for the Morningstar Australian Shares High Alpha managed fund is $20,000. 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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