United Core High Yield - Managed Fund (Closed)

Fund Objective

To earn at least 1%pa above the rate of increase in the UBS Warburg Australia Bank Bill Index over rolling five year periods.

Fund Strategy

To invest in a range of high income yielding securities.

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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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	-0.2%	2.54%	-1.74%	-21.39%	-15.76%	-4.87%	2.08%	7.22%
Growth return	-0.2%	2.54%	-1.74%	-22.69%	-21.71%	-11.44%	-6.74%	-1.81%
Income return	0%	0%	0%	1.3%	5.95%	6.57%	8.82%	9.03%
Market index (Morningstar AUS Growth Tgt Alloc NR AUD)
Total return	2.98%	4.07%	9.17%	18.84%	11.44%	6.08%	6.76%	7.77%

As at 31 May 2009. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

United Core High Yield

Australian Equities: 66.87%

Cash: 4.92%

Property: 5.98%

Fixed Interest: 1.59%

Alternatives: 20.64%

International Equities: 0%

Average Allocation of Peers

Australian Equities: 27.54%

Cash: 5.64%

Property: 6.85%

Fixed Interest: 21.68%

Alternatives: 4.39%

International Equities: 33.90%

General Information

Fund Details

Type	Description
Fund Name	United Core High Yield
Fund Status	Closed
Responsible Entity	United Funds Management Limited
APIR Code	SMF0097AU
Sector/Asset Class	Multisector Growth
Morningstar Rating	(as at 31 May 2009)
Legal Structure	Investment Fund
Fund Inception	1 Aug 1996
Fund Size	$1.13 million (as at 31 Jul 2008)
Entry Price	$0.8957 (as at 31 May 2009)
Exit Price	$0.8912 (as at 31 May 2009)
Fund Status	Finalised

Offer information

Type	Description
MER	1.55% (as at 30 Jun 2006)
Minimum initial investment	$5,000.00

FAQs about the United Core High Yield

What is the objective of the United Core High Yield managed fund?

The objective of the United Core High Yield managed fund is To earn at least 1%pa above the rate of increase in the UBS Warburg Australia Bank Bill Index over rolling five year periods.

What is the strategy for the United Core High Yield managed fund?

The strategy of the United Core High Yield managed fund is To invest in a range of high income yielding securities.

What is the APIR code of the United Core High Yield managed fund?

The APIR code of the United Core High Yield managed fund is SMF0097AU.

What was United Core High Yield’s total return last month?

United Core High Yield’s total return last month was -0.2%. This was made up of a growth return of -0.2% and an income return of 0%. These returns were calculated as at 31 May 2009.

What was United Core High Yield’s total return for the last three months?

United Core High Yield’s total return for the last three months was 2.54%. This was made up of a growth return of 2.54% and an income return of 0%%. These returns were calculated as at 31 May 2009.

What is United Core High Yield’s one-year total return?

United Core High Yield’s one-year total return is -21.39%. This was made up of a growth return of -22.69% and an income return of 1.3%. These returns were calculated as at 31 May 2009.

What is United Core High Yield’s three-year total return?

United Core High Yield’s one-year total return is -4.87%. This was made up of a growth return of -11.44% and an income return of 6.57%. These returns were calculated as at 31 May 2009.

What is the asset allocation of the United Core High Yield managed fund?

The asset allocation of the United Core High Yield managed fund is :

Australian Equities: 66.87%

Cash: 4.92%

Property: 5.98%

Fixed Interest: 1.59%

Alternatives: 20.64%

International Equities: 0%

Who is the responsible Entity of the United Core High Yield managed fund?

The Responsible Entity for the United Core High Yield managed fund is United Funds Management Limited.

What sector/asset class does the United Core High Yield managed fund belong to?

The United Core High Yield managed fund belongs to the Multisector Growth sector/asset class.

What is the size of the United Core High Yield managed fund?

As at 31 Jul 2008, the size of the United Core High Yield managed fund was $1.13 million.

What is the inception date of the United Core High Yield managed fund?

The United Core High Yield managed fund has an inception date of 1 Aug 1996.

What is the current entry price of the United Core High Yield managed fund?

The current entry price of the United Core High Yield managed fund is $0.8957 per unit and the current exit price is $0.8912 per unit (as at 31 May 2009).

What is the current exit price of the United Core High Yield managed fund?

The current exit price of the United Core High Yield managed fund is $0.8912 per unit and the current entry price is $0.8957 per unit (as at 31 May 2009).

What is the minimum investment amount for the United Core High Yield managed fund?

The minimum initial investment amount for the United Core High Yield managed fund is $5,000.

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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