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  5. Morningstar Diversified Alternatives - Managed fund profile

Morningstar Diversified Alternatives - Managed Fund (Closed)

Fund Objective
To maximise outperformance relative to the benchmark over rolling 5 year periods.
Fund Strategy
A diversified and actively managed Fund that is predominantly exposed to alternative investments. The Fund is designed to provide liquid, risk-controlled, cost-effective exposure and is intended to complement share and bond portfolios. This Fund gains this exposure through managed funds, listed investment companies, exchange traded funds and/or derivatives. 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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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 1.03% 1.65% 3.45% 4.81% 2.78% 3.72% 4.22% -%
Growth return 1.03% -0.46% -1.24% -1.24% -1.01% 1.11% 2.53% -%
Income return 0% 2.11% 4.69% 6.05% 3.79% 2.61% 1.69% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.37% 1.09% 2.19% -% 4.08% 3.08% 1.93% 1.92%
As at 31 Aug 2017. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Morningstar Diversified Alternatives
Cash
2.24%
Alternatives
97.76%
Australian Equities
0%
International Equities
0%
Property
0%
Fixed Interest
0%
Average Allocation of Peers
Cash
22.90%
Alternatives
26.27%
Australian Equities
5.48%
International Equities
8.96%
Property
1.84%
Fixed Interest
34.55%

General Information

Fund Details
Type Description
Morningstar Diversified Alternatives
Closed
Morningstar Investment Management Austra
INT0095AU
Alternative - Multistrategy
starstarstar (as at 31 Mar 2015)
Investment Fund
28 Nov 2007
$23.49 million (as at 30 Sep 2017)
$0.67369 (as at 4 Oct 2017)
$0.67101 (as at 4 Oct 2017)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) - Estimated 1.13% (as at 1 Jul 2016) (Estimated)
Performance fee (included in ICR) 0.1
Minimum initial investment $20,000
Minimum additional investments $5,000.00
Minimum redemption amount $5,000.00

FAQs about the Morningstar Diversified Alternatives

The objective of the Morningstar Diversified Alternatives managed fund is To maximise outperformance relative to the benchmark over rolling 5 year periods.

The strategy of the Morningstar Diversified Alternatives managed fund is A diversified and actively managed Fund that is predominantly exposed to alternative investments. The Fund is designed to provide liquid, risk-controlled, cost-effective exposure and is intended to complement share and bond portfolios. This Fund gains this exposure through managed funds, listed investment companies, exchange traded funds and/or derivatives. To implement this strategy, Morningstar may design portfolios and/or appoint managers to manage the assets of the Fund.

The APIR code of the Morningstar Diversified Alternatives managed fund is INT0095AU.

Morningstar Diversified Alternatives’s total return last month was 1.03%. This was made up of a growth return of 1.03% and an income return of 0%. These returns were calculated as at 31 Aug 2017.

Morningstar Diversified Alternatives’s total return for the last three months was 1.65%. This was made up of a growth return of -0.46% and an income return of 2.11%%. These returns were calculated as at 31 Aug 2017.

Morningstar Diversified Alternatives’s one-year total return is 4.81%. This was made up of a growth return of -1.24% and an income return of 6.05%. These returns were calculated as at 31 Aug 2017.

Morningstar Diversified Alternatives’s one-year total return is 3.72%. This was made up of a growth return of 1.11% and an income return of 2.61%. These returns were calculated as at 31 Aug 2017.

The asset allocation of the Morningstar Diversified Alternatives managed fund is :

Cash
2.24%
Alternatives
97.76%
Australian Equities
0%
International Equities
0%
Property
0%
Fixed Interest
0%

The Responsible Entity for the Morningstar Diversified Alternatives managed fund is Morningstar Investment Management Austra.

The Morningstar Diversified Alternatives managed fund belongs to the Alternative - Multistrategy sector/asset class.

As at 30 Sep 2017, the size of the Morningstar Diversified Alternatives managed fund was $23.49 million.

The Morningstar Diversified Alternatives managed fund has an inception date of 28 Nov 2007.

The current entry price of the Morningstar Diversified Alternatives managed fund is $0.67369 per unit and the current exit price is $0.67101 per unit (as at 4 Oct 2017).

The current exit price of the Morningstar Diversified Alternatives managed fund is $0.67101 per unit and the current entry price is $0.67369 per unit (as at 4 Oct 2017).

The minimum initial investment amount for the Morningstar Diversified Alternatives 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.