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  5. Pinnacle Asian Equity Trust - Managed fund profile

Pinnacle Asian Equity Trust - Managed Fund (Closed)

Fund Objective
The aim of the Fund is to achieve absolute returns in excess of the benchmark over the investment cycle (typically 3-5 years).
Fund Strategy
The Fund will typically have net equity exposure of 50-100%. The Fund typically invests in a select number of attractively valued companies listed on Asian share markets (usually a minimum of 30 long holdings). The Fund may also invest in companies that are listed: on global share markets and which derive greater than 65% of their revenues from Asia, in Japan (permitted to maximum 30% net exposure), and in Oceania and non-Asian emerging markets (permitted to maximum 15% net exposure).

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 3.4% 2.84% -3.93% -6.14% 9.73% 9.6% 9.6% 4.73%
Growth return 3.4% 2.84% -3.93% -19.73% -0.9% 2.4% 5.23% -0.16%
Income return 0% 0% 0% 13.59% 10.63% 7.2% 4.37% 4.89%
Market index (MSCI EM NR AUD)
Total return 1.21% 3.26% 7.66% 21.13% 16.43% 3.17% 4.99% 6.52%
As at 30 Apr 2016. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Pinnacle Asian Equity Trust
International Equities
97.06%
Cash
2.94%
Australian Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
International Equities
96.20%
Cash
2.48%
Australian Equities
0.01%
Property
0.16%
Fixed Interest
0.04%
Alternatives
1.11%

General Information

Fund Details
Type Description
Pinnacle Asian Equity Trust
Closed
Pinnacle Fund Services Limited
IOF0112AU
Equity Emerging Markets
starstarstar (as at 30 Apr 2016)
Investment Fund
16 Jul 1997
$37.34 million (as at 31 Mar 2016)
$0.9883 (as at 20 May 2016)
$0.9824 (as at 20 May 2016)
Finalised
Offer information
Type Description
MER 1.33% (as at 30 Jun 2006)
Indirect Cost Ratio (ICR) 1.15% (as at 30 Jun 2015)
Minimum initial investment $25,000
Minimum additional investments $5,000.00
Minimum redemption amount $5,000.00

Top 10 holdings (as at 31 Oct 2024)

Holding (as at 31 Oct 2024) Type % of Portfolio
Taiwan Semiconductor Manufacturing Co Ltd Equity 9.60%
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FAQs about the Pinnacle Asian Equity Trust

The objective of the Pinnacle Asian Equity Trust managed fund is The aim of the Fund is to achieve absolute returns in excess of the benchmark over the investment cycle (typically 3-5 years).

The strategy of the Pinnacle Asian Equity Trust managed fund is The Fund will typically have net equity exposure of 50-100%. The Fund typically invests in a select number of attractively valued companies listed on Asian share markets (usually a minimum of 30 long holdings). The Fund may also invest in companies that are listed: on global share markets and which derive greater than 65% of their revenues from Asia, in Japan (permitted to maximum 30% net exposure), and in Oceania and non-Asian emerging markets (permitted to maximum 15% net exposure).

The APIR code of the Pinnacle Asian Equity Trust managed fund is IOF0112AU.

Pinnacle Asian Equity Trust’s total return last month was 3.4%. This was made up of a growth return of 3.4% and an income return of 0%. These returns were calculated as at 30 Apr 2016.

Pinnacle Asian Equity Trust’s total return for the last three months was 2.84%. This was made up of a growth return of 2.84% and an income return of 0%%. These returns were calculated as at 30 Apr 2016.

Pinnacle Asian Equity Trust’s one-year total return is -6.14%. This was made up of a growth return of -19.73% and an income return of 13.59%. These returns were calculated as at 30 Apr 2016.

Pinnacle Asian Equity Trust’s one-year total return is 9.6%. This was made up of a growth return of 2.4% and an income return of 7.2%. These returns were calculated as at 30 Apr 2016.

The asset allocation of the Pinnacle Asian Equity Trust managed fund is :

International Equities
97.06%
Cash
2.94%
Australian Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Pinnacle Asian Equity Trust managed fund is Pinnacle Fund Services Limited.

The Pinnacle Asian Equity Trust managed fund belongs to the Equity Emerging Markets sector/asset class.

As at 31 Mar 2016, the size of the Pinnacle Asian Equity Trust managed fund was $37.34 million.

The Pinnacle Asian Equity Trust managed fund has an inception date of 16 Jul 1997.

The current entry price of the Pinnacle Asian Equity Trust managed fund is $0.9883 per unit and the current exit price is $0.9824 per unit (as at 20 May 2016).

The current exit price of the Pinnacle Asian Equity Trust managed fund is $0.9824 per unit and the current entry price is $0.9883 per unit (as at 20 May 2016).

The minimum initial investment amount for the Pinnacle Asian Equity Trust managed fund is $25,000. 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.