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  5. Morningstar International Shares High Opportunities Hedged - Managed fund profile

Morningstar International Shares High Opportunities Hedged - Managed Fund (Closed)

Fund Objective
The fund aims to maximise outperformance relative to the benchmark over rolling 7 year periods by investing predominantly in listed international shares, supplemented by a passive currency overlay.
Fund Strategy
An actively managed Fund predominantly invested in international shares using high conviction managers hedged back to Australian dollars. 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 2.77% 6.61% 7.35% 21.7% 6.17% 8.4% 12.78% -%
Growth return 2.77% 2.64% 1.82% 14.65% 3.05% 6.27% 10.24% -%
Income return 0% 3.97% 5.53% 7.05% 3.12% 2.13% 2.54% -%
Market index (Vanguard Intl Shares Index Hdg AUD TR)
Total return 0.87% 5.67% 9.66% 13.17% 16.48% 15.02% 12.89% 11.13%
As at 28 Feb 2017. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Morningstar International Shares High Opportunities Hedged
International Equities
100%
Australian Equities
0%
Cash
0%
Property
0%
Alternatives
0%
Average Allocation of Peers
International Equities
97.66%
Australian Equities
0.07%
Cash
1.85%
Property
0.41%
Alternatives
0.01%

General Information

Fund Details
Type Description
Morningstar International Shares High Opportunities Hedged
Closed
Morningstar Investment Management Austra
INT0086AU
Equity World - Currency Hedged
starstarstar (as at 30 Apr 2017)
Investment Fund
2 Mar 2007
$133.14 million (as at 30 Jun 2017)
$1.14073 (as at 23 May 2017)
$1.13459 (as at 23 May 2017)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.57% (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
Morningstar International Shares High Opportunities (Unhedged) Fund Mutual Fund - Unspecified 100%

FAQs about the Morningstar International Shares High Opportunities Hedged

The objective of the Morningstar International Shares High Opportunities Hedged managed fund is The fund aims to maximise outperformance relative to the benchmark over rolling 7 year periods by investing predominantly in listed international shares, supplemented by a passive currency overlay.

The strategy of the Morningstar International Shares High Opportunities Hedged managed fund is An actively managed Fund predominantly invested in international shares using high conviction managers hedged back to Australian dollars. 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 International Shares High Opportunities Hedged managed fund is INT0086AU.

Morningstar International Shares High Opportunities Hedged’s total return last month was 2.77%. This was made up of a growth return of 2.77% and an income return of 0%. These returns were calculated as at 28 Feb 2017.

Morningstar International Shares High Opportunities Hedged’s total return for the last three months was 6.61%. This was made up of a growth return of 2.64% and an income return of 3.97%%. These returns were calculated as at 28 Feb 2017.

Morningstar International Shares High Opportunities Hedged’s one-year total return is 21.7%. This was made up of a growth return of 14.65% and an income return of 7.05%. These returns were calculated as at 28 Feb 2017.

Morningstar International Shares High Opportunities Hedged’s one-year total return is 8.4%. This was made up of a growth return of 6.27% and an income return of 2.13%. These returns were calculated as at 28 Feb 2017.

The asset allocation of the Morningstar International Shares High Opportunities Hedged managed fund is :

International Equities
100%
Australian Equities
0%
Cash
0%
Property
0%
Alternatives
0%

The Responsible Entity for the Morningstar International Shares High Opportunities Hedged managed fund is Morningstar Investment Management Austra.

The Morningstar International Shares High Opportunities Hedged managed fund belongs to the Equity World - Currency Hedged sector/asset class.

As at 30 Jun 2017, the size of the Morningstar International Shares High Opportunities Hedged managed fund was $133.14 million.

The Morningstar International Shares High Opportunities Hedged managed fund has an inception date of 2 Mar 2007.

The current entry price of the Morningstar International Shares High Opportunities Hedged managed fund is $1.14073 per unit and the current exit price is $1.13459 per unit (as at 23 May 2017).

The current exit price of the Morningstar International Shares High Opportunities Hedged managed fund is $1.13459 per unit and the current entry price is $1.14073 per unit (as at 23 May 2017).

The minimum initial investment amount for the Morningstar International Shares High Opportunities Hedged 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.