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  5. UBS Absolute Return Series 1 AUD - Managed fund profile

UBS Absolute Return Series 1 AUD - Managed Fund (Closed)

Fund Objective
The Fund aims to provide investors with an absolute return over a full market cycle (usually three to five years) of 3.5% - 5.5% per annum gross above the UBS Bank Bill Index. This is similar to an absolute return of CPI 6% - 8% per annum. In net return terms this objective is equivalent to an absolute return over a full market cycle of 2.15% - 4.15% per annum above the UBS Bank Bill Index.
Fund Strategy
The Fund will seek to achieve its investment objective primarily by investing in an underlying UBS managed investment scheme. A wide range of financial instruments, securities and products may be used to gain investment and asset exposure. These may include for example investment in the following asset classes - global equity, global fixed income, cash equivalent markets, global currencies, commodities, private equity, property, infrastructure, hedge funds and other traditional and alternative asset classes.

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 1.69% -1.78% 3.67% 13.1% 11.73% 8.4% 3.46% -%
Growth return 1.69% -2.12% 3.3% -% 11.54% 8.27% 3.29% -%
Income return 0% 0.34% 0.37% -% 0.19% 0.13% 0.17% -%
Market index (RBA Bank accepted Bills 90 Days )
Total return 0.35% 1.07% 2.15% 4.32% 3.76% 2.59% 1.7% 1.86%
As at 31 Jul 2013. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.
Average Allocation of Peers
Alternatives
20.46%
Australian Equities
5.41%
International Equities
8.86%
Cash
47.41%
Property
1.96%
Fixed Interest
15.90%

General Information

Fund Details
Type Description
UBS Absolute Return Series 1 AUD
Closed
UBS Asset Management (Australia) Ltd
UBS0014AU
Alternative - Other
starstarstar (as at 31 Jul 2013)
Investment Fund
25 Jun 2007
$0.16 million (as at 31 Jul 2013)
$1.0618 (as at 27 Aug 2013)
$1.0618 (as at 27 Aug 2013)
Finalised
Offer information
Type Description
Standard entry fee 3.30%
Indirect Cost Ratio (ICR) 1.15% (as at 30 Jun 2012)
Minimum initial investment $20,000
Minimum additional investments $1,000.00
Minimum redemption amount

FAQs about the UBS Absolute Return Series 1 AUD

The objective of the UBS Absolute Return Series 1 AUD managed fund is The Fund aims to provide investors with an absolute return over a full market cycle (usually three to five years) of 3.5% - 5.5% per annum gross above the UBS Bank Bill Index. This is similar to an absolute return of CPI + 6% - 8% per annum. In net return terms this objective is equivalent to an absolute return over a full market cycle of 2.15% - 4.15% per annum above the UBS Bank Bill Index.

The strategy of the UBS Absolute Return Series 1 AUD managed fund is The Fund will seek to achieve its investment objective primarily by investing in an underlying UBS managed investment scheme. A wide range of financial instruments, securities and products may be used to gain investment and asset exposure. These may include for example investment in the following asset classes - global equity, global fixed income, cash equivalent markets, global currencies, commodities, private equity, property, infrastructure, hedge funds and other traditional and alternative asset classes.

The APIR code of the UBS Absolute Return Series 1 AUD managed fund is UBS0014AU.

UBS Absolute Return Series 1 AUD’s total return last month was 1.69%. This was made up of a growth return of 1.69% and an income return of 0%. These returns were calculated as at 31 Jul 2013.

UBS Absolute Return Series 1 AUD’s total return for the last three months was -1.78%. This was made up of a growth return of -2.12% and an income return of 0.34%%. These returns were calculated as at 31 Jul 2013.

UBS Absolute Return Series 1 AUD’s one-year total return is 13.1%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Jul 2013.

UBS Absolute Return Series 1 AUD’s one-year total return is 8.4%. This was made up of a growth return of 8.27% and an income return of 0.13%. These returns were calculated as at 31 Jul 2013.

The asset allocation of the UBS Absolute Return Series 1 AUD managed fund is :

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

The Responsible Entity for the UBS Absolute Return Series 1 AUD managed fund is UBS Asset Management (Australia) Ltd.

The UBS Absolute Return Series 1 AUD managed fund belongs to the Alternative - Other sector/asset class.

As at 31 Jul 2013, the size of the UBS Absolute Return Series 1 AUD managed fund was $0.16 million.

The UBS Absolute Return Series 1 AUD managed fund has an inception date of 25 Jun 2007.

The current entry price of the UBS Absolute Return Series 1 AUD managed fund is $1.0618 per unit and the current exit price is $1.0618 per unit (as at 27 Aug 2013).

The current exit price of the UBS Absolute Return Series 1 AUD managed fund is $1.0618 per unit and the current entry price is $1.0618 per unit (as at 27 Aug 2013).

The minimum initial investment amount for the UBS Absolute Return Series 1 AUD managed fund is $20,000. Minimum additional investment is $1000.

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.